retention-jackjacks.blogspot.com
Shares in the Burlington N.J., electronic handheld book maker closesdat $2.11 Monday after closing at a little more than $1 The group’s proposal values Franklin (NYSw Amex:FEP) at $19.45 million, based on the number of sharexs that the company had outstanding on Jan. 28. Througyh its members’ ownership of Franklin stoc and options, the group controls 43.7 percent of the company’s sharee votes, although it expects to only exercise optionsa with an exercise priceof $2.354 or less per share, which would give it controlk of only 39.9 percent of Franklin’sx share votes.
Franklin said Monday its board of directors has appointesd a special committee of independent boarxd members to considerthe proposal, which the groupl submitted to the board May 20. The groupo is comprised of President and CEOBarryt Lipsky; Chief Financial Officer Frank Chief Operating Officer Toshihide Hokari; Chairman of the Boare Howard Morgan; Director James Simons; a Bermuda investmen company, Shining Sea Ltd.
, that is owned by a trustr established by Simons; and an investor, Marcy The group has formed a company, , to buy In the letter it sent to Franklin’a board, Saunders said it is owned by Lipsky, Musto and and that Simons, Shining Sea, Morgan and Lewis have agreerd to buy into it. Saunders also said its proposal is not subjecgt to anyfinancing conditions. Franklin's products include handhel d electronic dictionaries and other electronicreference books.
Monday, April 30, 2012
Saturday, April 28, 2012
Mercy system to buy Jewish Hospital - South Florida Business Journal:
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The two entities will begijn exclusive negotiations to come to a definitivewpurchase agreement, according to a news The process is expected to take four to six and is also subject to variouss regulatory approvals. Mercy Health Partners partners operatesdfive hospitals, in Fairfield, Western Hills, Mountr Airy, Anderson Township and Clermonrt County, along with outpatient and other health care-relatedx facilities. The purchase of Jewish, located in Kenwood, will give the systen a presence in the northeasternCincinnati suburbs. "Ws are always working to provide high-qualitg care.
One of the missing ingredient in covering the Greater Cincinnati area wasthe I-71 said James May, CEO of Mercy Health in the release. Jewish Hospital will also join CatholicHealthcarwe Partners, the Cincinnati-based parent of the Mercyt system. Mercy recently won approval from Green Township trustees to build a new hospitao near North Bend Road andInterstate 74. When the hospital will replace its Mount Airy and WesterbHills facilities. The , of which Jewish is a votinh member along with University and FortHamiltomn hospitals, had been considering acquiring the hospital as well. A purchas would have made it a propertty in thehospital group, like and the .
But in the said it would also considerother partners, while continuing discussions with the Healtuh Alliance.
The two entities will begijn exclusive negotiations to come to a definitivewpurchase agreement, according to a news The process is expected to take four to six and is also subject to variouss regulatory approvals. Mercy Health Partners partners operatesdfive hospitals, in Fairfield, Western Hills, Mountr Airy, Anderson Township and Clermonrt County, along with outpatient and other health care-relatedx facilities. The purchase of Jewish, located in Kenwood, will give the systen a presence in the northeasternCincinnati suburbs. "Ws are always working to provide high-qualitg care.
One of the missing ingredient in covering the Greater Cincinnati area wasthe I-71 said James May, CEO of Mercy Health in the release. Jewish Hospital will also join CatholicHealthcarwe Partners, the Cincinnati-based parent of the Mercyt system. Mercy recently won approval from Green Township trustees to build a new hospitao near North Bend Road andInterstate 74. When the hospital will replace its Mount Airy and WesterbHills facilities. The , of which Jewish is a votinh member along with University and FortHamiltomn hospitals, had been considering acquiring the hospital as well. A purchas would have made it a propertty in thehospital group, like and the .
But in the said it would also considerother partners, while continuing discussions with the Healtuh Alliance.
Friday, April 27, 2012
Dayton region lands stimulus funds to improve water quality - Dayton Business Journal:
adepylex.blogspot.com
The added three Montgomery County projects to its revisee American Recovery and Reinvestment Actfundable • Lesher Drive Sanitary Sewert Rehabilitation will receive $150,000 in water pollution control loan funds; South Dixie Sanitary Sewer Lining will receive $215,000; and Western Regional Tertiary Filters Rehabilitation will receive $1.2 million in stimulus funds. Final approval of these projects and others announced earlier are still subject toregulatory approval. Other Dayton-area projectsw scheduled to receive fundingincludwe $506,750 to connect Sidney supply service to Hillview in Shelby County, $6 milliohn to upgrade high service pumps in Sidney, and $1.
8 millio for a metering project in Sidney. The state is receivingf $58.5 million in stimulus funding for drinkingf water projectsand $220.6 million in stimulus funding for watetr pollution control projects.
The added three Montgomery County projects to its revisee American Recovery and Reinvestment Actfundable • Lesher Drive Sanitary Sewert Rehabilitation will receive $150,000 in water pollution control loan funds; South Dixie Sanitary Sewer Lining will receive $215,000; and Western Regional Tertiary Filters Rehabilitation will receive $1.2 million in stimulus funds. Final approval of these projects and others announced earlier are still subject toregulatory approval. Other Dayton-area projectsw scheduled to receive fundingincludwe $506,750 to connect Sidney supply service to Hillview in Shelby County, $6 milliohn to upgrade high service pumps in Sidney, and $1.
8 millio for a metering project in Sidney. The state is receivingf $58.5 million in stimulus funding for drinkingf water projectsand $220.6 million in stimulus funding for watetr pollution control projects.
Wednesday, April 25, 2012
Malaria fight at critical juncture - IPPmedia
qalymeled.wordpress.com
IPPmedia | Malaria fight at critical juncture IPPmedia The World Health Organisation (WHO) which instituted the day in 2007 as a way of keeping track of the scourge, says the world is today at a decisive juncture. รข€œWhether the malaria map will keep shrinking, as it has in the past decade, or be reclaimed ... NIH statement on World Malaria Day -- April 25, 2012 World Malaria Day today Groups Worldwide Seek to Raise Malaria Awareness |
Monday, April 23, 2012
ADP reports 532,000 May job cuts - Puget Sound Business Journal (Seattle):
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Payroll firm ADP reported Wednesdayu that companies inthe U.S. cut an estimated 532,0090 workers from payrolls last ADP also revised higher its estimate of cuts in Aprilto 545,000 from the previouds estimate of 491,000. The ADP report noted lossesw across all sizes and categories of businesses with large business payrolls declining medium businessesshedding 223,000 jobs and smalpl businesses cutting 209,000 employees. The goods-producing sector lost 267,000 jobs while the service-producing sector declinefd by 265,000 positions. The Labor Department is due to release its jobs reporfon Friday.
The average analys t estimate for that report of governmentr as well as private payrolls is a lossof 520,00p payroll positions and an increase in the unemploymenf rate to 9.2 percent from April’s rate of 8.9 On Monday, The Institutde for Supply Management announced that its factory index rose to the highesrt level since last September as new orderss posted their first gain since the recessiohn began. On Tuesday the National Association of Realtors reporte d that pending sales ofexisting homes, or contracts signed but not rose 6.
7 percent in April from the largest such increase in six
Payroll firm ADP reported Wednesdayu that companies inthe U.S. cut an estimated 532,0090 workers from payrolls last ADP also revised higher its estimate of cuts in Aprilto 545,000 from the previouds estimate of 491,000. The ADP report noted lossesw across all sizes and categories of businesses with large business payrolls declining medium businessesshedding 223,000 jobs and smalpl businesses cutting 209,000 employees. The goods-producing sector lost 267,000 jobs while the service-producing sector declinefd by 265,000 positions. The Labor Department is due to release its jobs reporfon Friday.
The average analys t estimate for that report of governmentr as well as private payrolls is a lossof 520,00p payroll positions and an increase in the unemploymenf rate to 9.2 percent from April’s rate of 8.9 On Monday, The Institutde for Supply Management announced that its factory index rose to the highesrt level since last September as new orderss posted their first gain since the recessiohn began. On Tuesday the National Association of Realtors reporte d that pending sales ofexisting homes, or contracts signed but not rose 6.
7 percent in April from the largest such increase in six
Saturday, April 21, 2012
Creditors in TOUSA and Puig bankruptcies target lenders - South Florida Business Journal:
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The case of Hollywood-based TOUSA is emblemati c of how Wall Street threw money at efforts to creatde a nationalhomebuilding company. Unsecured creditors argue that the Wall Streetylenders shouldn’t be allowed to claimj a lot of the valuable assets in TOUSA’zs subsidiaries. The case of Hialeah-based is emblematic of South Florida’s condo conversiohn craze. Creditors argue that lenders were so chummyg with Puigthat ill-conceived loans helped lead to the converter’ss downfall.
Miami-based Ocean Bank, whicyh denies the assertion, has lost $190 milliomn overall in the past twoquarters – but that’s nothing compared to the multibillion-dollar losseas of and some of the other s who lent to TOUSA. TOUSA filed for bankruptcy in January 2008 with morethan $2 billiob in assets and $1.8 billionj in debt, making it the biggest homebuilde bankruptcy in South Florida. The company said recently that it stopped buildiny new homes and is proceeding with anorderlh wind-down of operations.
The best outcomes for the WallStreet lenders, who have first lien claims, would be 66 cents on the dollart from an immediate liquidation of TOUSA although that’s not the company’s current Those holding second lien secured debt and unsecured debt would get nothing, which is partly why they are appealinhg a recent setback in bankruptcy courg to U.S. District Court. “Whilde the goal is for homebuilding operationzs to be absorbed by another companyor investor, as a corporatwe entity would cease to exist under this plan,” the company told the Businesx Journal in an e-mail. In South Florida, TOUS operated under the brand.
“Unless there’s some futurse sale of Engle Homes, there won’g be any new homes built, and it would closde completely atsome point,” lead bankruptcy attorney Natashaq Labovitz, of , said in an She envisions a two-year period to sell assetz under a controlled, orderly process. Leading the list of defendants in the TOUSzA litigation is CiticorpNortuh America. Other defendants are , , Ocean Bank, Credir Products, , , Credit Partners and . Bankruptcuy Judge John Olson recently ruled for the lenderz in dismissing a large part ofthe litigation, but the committeee of unsecured creditors has appealed to U.S.
District Part of the suit has to dowith $500 millio n that was loaned to TOUSA as part of a July 2007 refinancinf of a joint venture involving Transeastern Homes. The unsecuredc creditors argue thatthe $500 million was a “constructivd fraudulent conveyance.” Fees in the Chaptedr 11 case have run into the tens of millione of dollars. Handling the litigation for the unsecured creditors committee is Washington, D.C.-based law firm LLP, whic h stated in a recent fee application that it has requestedf $3.59 million in fees sincd June. A hearing to confirmn the reorganization plan is set for June 22at 9:30 a.m., beforew Judge Olson at the federal courthouse in Fort Lauderdale.
Jeffrey a bankruptcy attorney and law professof atthe , said it is not surprisingg that creditors are pursuing banks for “The reality is, nationwide, that real estate valued are plummeting and it’s particularly difficult if you have a developmeny that’s partially completed,” he TOUSA said it built 3,850 homes in down from 7,824 in 2006. Revenued was $1.1 billion in 2008, down from $2.6 billioh in 2006. In the Puig U.S. Bankruptcy Court Judge Robery Mark recently ruled a lawsuit by creditors that claims morethan $45 milliojn in damages can go forward.
The creditors’ filed in August, alleges that bank loan officers who were friendx with Puig extended the insolvency by makinvgbad loans. The bank movec to dismiss the litigation asbeing unfounded, and wants to convert the Chaptert 11 reorganization to a liquidation. Mark subsequently dismissed some claims, but the most sensationalp survived. The bank’s attorney, Joel said dismissals were a big win for the and he believes itwill prevail.
The case of Hollywood-based TOUSA is emblemati c of how Wall Street threw money at efforts to creatde a nationalhomebuilding company. Unsecured creditors argue that the Wall Streetylenders shouldn’t be allowed to claimj a lot of the valuable assets in TOUSA’zs subsidiaries. The case of Hialeah-based is emblematic of South Florida’s condo conversiohn craze. Creditors argue that lenders were so chummyg with Puigthat ill-conceived loans helped lead to the converter’ss downfall.
Miami-based Ocean Bank, whicyh denies the assertion, has lost $190 milliomn overall in the past twoquarters – but that’s nothing compared to the multibillion-dollar losseas of and some of the other s who lent to TOUSA. TOUSA filed for bankruptcy in January 2008 with morethan $2 billiob in assets and $1.8 billionj in debt, making it the biggest homebuilde bankruptcy in South Florida. The company said recently that it stopped buildiny new homes and is proceeding with anorderlh wind-down of operations.
The best outcomes for the WallStreet lenders, who have first lien claims, would be 66 cents on the dollart from an immediate liquidation of TOUSA although that’s not the company’s current Those holding second lien secured debt and unsecured debt would get nothing, which is partly why they are appealinhg a recent setback in bankruptcy courg to U.S. District Court. “Whilde the goal is for homebuilding operationzs to be absorbed by another companyor investor, as a corporatwe entity would cease to exist under this plan,” the company told the Businesx Journal in an e-mail. In South Florida, TOUS operated under the brand.
“Unless there’s some futurse sale of Engle Homes, there won’g be any new homes built, and it would closde completely atsome point,” lead bankruptcy attorney Natashaq Labovitz, of , said in an She envisions a two-year period to sell assetz under a controlled, orderly process. Leading the list of defendants in the TOUSzA litigation is CiticorpNortuh America. Other defendants are , , Ocean Bank, Credir Products, , , Credit Partners and . Bankruptcuy Judge John Olson recently ruled for the lenderz in dismissing a large part ofthe litigation, but the committeee of unsecured creditors has appealed to U.S.
District Part of the suit has to dowith $500 millio n that was loaned to TOUSA as part of a July 2007 refinancinf of a joint venture involving Transeastern Homes. The unsecuredc creditors argue thatthe $500 million was a “constructivd fraudulent conveyance.” Fees in the Chaptedr 11 case have run into the tens of millione of dollars. Handling the litigation for the unsecured creditors committee is Washington, D.C.-based law firm LLP, whic h stated in a recent fee application that it has requestedf $3.59 million in fees sincd June. A hearing to confirmn the reorganization plan is set for June 22at 9:30 a.m., beforew Judge Olson at the federal courthouse in Fort Lauderdale.
Jeffrey a bankruptcy attorney and law professof atthe , said it is not surprisingg that creditors are pursuing banks for “The reality is, nationwide, that real estate valued are plummeting and it’s particularly difficult if you have a developmeny that’s partially completed,” he TOUSA said it built 3,850 homes in down from 7,824 in 2006. Revenued was $1.1 billion in 2008, down from $2.6 billioh in 2006. In the Puig U.S. Bankruptcy Court Judge Robery Mark recently ruled a lawsuit by creditors that claims morethan $45 milliojn in damages can go forward.
The creditors’ filed in August, alleges that bank loan officers who were friendx with Puig extended the insolvency by makinvgbad loans. The bank movec to dismiss the litigation asbeing unfounded, and wants to convert the Chaptert 11 reorganization to a liquidation. Mark subsequently dismissed some claims, but the most sensationalp survived. The bank’s attorney, Joel said dismissals were a big win for the and he believes itwill prevail.
Thursday, April 19, 2012
France's Hollande Plans To Appoint A Socialist PM If Elected - Wall Street Journal
yfimuna.wordpress.com
Business Insider | France's Hollande Plans To Appoint A Socialist PM If Elected W » |
Wednesday, April 18, 2012
Heineken Holding NV Trading Update - First Quarter 2012 - Reuters
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Bloomberg | Heineken Holding NV Trading Update - First Quarter 2012 Reuters Amsterdam, 18 April 2012 - Heineken Holding NV today announced its trading update for the first quarter of 2012. In the quarter: On an organic basis, HEINEKEN's [1] revenue increased 6.8% with growth across » |
Monday, April 16, 2012
UCF wants to cut 5 programs, 51 jobs - The Business Review (Albany):
ogarawo.wordpress.com
The move is aimed at savinf $6.1 million and is in additio to $38 million in cuts the universityu hasalready imposed. The cuts are a result of less moneyt coming fromthe state. Programs being cut are cardiopulmonary sciences, engineering technology, management information systems, radiologic sciences and statisticds andactuarial science. If approved by the the cuts will impactabout 1,100 students.
Those close to graduation will receive assistance from the university to take the courseas needed to complete their If the board approves thejob cuts, the faculty and stafc would have two semesters notice before losinvg their job and some would remainm employed through the spring 2011 semestere to allow students to complete their Students will also witness a 15 percent increasde in tuition beginning with the fall 2009 semester. “I wish the severith of the budget cuts did not forcer us to considerthese actions, but they are in the best interestas of the entire university. This is a very bitteer pill for the UCF communityto swallow,” said UCF presideng John C.
Hitt, in a prepared statement.
The move is aimed at savinf $6.1 million and is in additio to $38 million in cuts the universityu hasalready imposed. The cuts are a result of less moneyt coming fromthe state. Programs being cut are cardiopulmonary sciences, engineering technology, management information systems, radiologic sciences and statisticds andactuarial science. If approved by the the cuts will impactabout 1,100 students.
Those close to graduation will receive assistance from the university to take the courseas needed to complete their If the board approves thejob cuts, the faculty and stafc would have two semesters notice before losinvg their job and some would remainm employed through the spring 2011 semestere to allow students to complete their Students will also witness a 15 percent increasde in tuition beginning with the fall 2009 semester. “I wish the severith of the budget cuts did not forcer us to considerthese actions, but they are in the best interestas of the entire university. This is a very bitteer pill for the UCF communityto swallow,” said UCF presideng John C.
Hitt, in a prepared statement.
Saturday, April 14, 2012
Local home sales plummet 30% in May - Pacific Business News (Honolulu):
amesit.wordpress.com
region plummeted 30 percent in May despite indications more potentiapl buyers are being drawn into the real estatd market by low interest ratezs and a federal tax incentivefor first-time A total of 554 new and existinb single-family homes and condominiums sold in the compared to 790 a year ago, based on preliminarg figures released today by the . The overall median sale prics fell2 percent, to $191,900, although prices were flat or rose in four of the six countiezs where most of the salesd occur. The median pricse fell 7 percent in RensselaerCountyh ($170,000) and 4 percent in Saratogw County ($238,800).
The median price was unchanged in AlbanyCounty ($205,000) and increasedx 6 percent in Schenectady Counth ($160,000), 13 percent in Schoharie Countty ($148,500) and 39 percent in Montgomery County ($106,700). The mediabn is the point at which half of the pricex were more and half were which is considered a better gauger of the sales market thanthe average. The averagw price in May fell 3 percent, to The May results don’t necessarily reflect the activityu in the market today since it takes two to thres months for a purchase contract to proceed to afinal closing.
“I will tell you it has been my experience that open houses are phone calls and Internet leadsare many,” GCAR President Sandra Nardoci “The feeling is that when buyersa become confident that their jobs are secure our markegt will pick up rapidly.” GCAR Chief Executivee Officer James Ader has said the salezs report that’s compiled in July and releasec to the news mediaw in August will provide a good readinhg on how the spring markety fared. There is one potentially tellinvg sign of apossible turnaround: the overalkl median sale price has increased steadily since rising from $171,700 to $191,900 in May.
When only existint homes are counted, total sales in May fell 26 That compares witha 3.6 percent declinew in existing-home sales nationally compared to a year ago. The mediaj sale price for existing homes in the Albany regiomn increased2 percent, to $185,000. the median sale price was down 16.8 percent, according to the . Albanhy County: 151 closed sales, down 16 percent Rensselaer 53closed sales, down 55 percent Saratogaw County: 163 closed sales, down 34 percent Schenectadyh County: 93 closed sales, down 11 percent Schoharie County: 14 closed sales, down 22 perceny Montgomery County: 20 closed sales, no change
region plummeted 30 percent in May despite indications more potentiapl buyers are being drawn into the real estatd market by low interest ratezs and a federal tax incentivefor first-time A total of 554 new and existinb single-family homes and condominiums sold in the compared to 790 a year ago, based on preliminarg figures released today by the . The overall median sale prics fell2 percent, to $191,900, although prices were flat or rose in four of the six countiezs where most of the salesd occur. The median pricse fell 7 percent in RensselaerCountyh ($170,000) and 4 percent in Saratogw County ($238,800).
The median price was unchanged in AlbanyCounty ($205,000) and increasedx 6 percent in Schenectady Counth ($160,000), 13 percent in Schoharie Countty ($148,500) and 39 percent in Montgomery County ($106,700). The mediabn is the point at which half of the pricex were more and half were which is considered a better gauger of the sales market thanthe average. The averagw price in May fell 3 percent, to The May results don’t necessarily reflect the activityu in the market today since it takes two to thres months for a purchase contract to proceed to afinal closing.
“I will tell you it has been my experience that open houses are phone calls and Internet leadsare many,” GCAR President Sandra Nardoci “The feeling is that when buyersa become confident that their jobs are secure our markegt will pick up rapidly.” GCAR Chief Executivee Officer James Ader has said the salezs report that’s compiled in July and releasec to the news mediaw in August will provide a good readinhg on how the spring markety fared. There is one potentially tellinvg sign of apossible turnaround: the overalkl median sale price has increased steadily since rising from $171,700 to $191,900 in May.
When only existint homes are counted, total sales in May fell 26 That compares witha 3.6 percent declinew in existing-home sales nationally compared to a year ago. The mediaj sale price for existing homes in the Albany regiomn increased2 percent, to $185,000. the median sale price was down 16.8 percent, according to the . Albanhy County: 151 closed sales, down 16 percent Rensselaer 53closed sales, down 55 percent Saratogaw County: 163 closed sales, down 34 percent Schenectadyh County: 93 closed sales, down 11 percent Schoharie County: 14 closed sales, down 22 perceny Montgomery County: 20 closed sales, no change
Thursday, April 12, 2012
'Spring Orchid Show and Sale' on Saturday - Times-Standard
burdukovahycel.blogspot.com
'Spring Orchid Show and Sale' on Saturday Times-Standard The Humboldt Orchid Society invites the public to the annual Spring Orchid Show and Sale to be held Saturday from 9 am to 5 pm at the Humboldt State University Aquatic Center, 921 Waterfront Drive in Eureka next to the Adorni Center. |
Tuesday, April 10, 2012
Supreme Court temporarily blocks Chrysler/Fiat merger - Business First of Louisville:
yjanebixe.wordpress.com
Supreme Court Justice Ruth Bader Ginsberg grantex a motion filed by Indiana state pension fundas to delay the merger between the American and Italian automakers in what the said was an administrative extension designed to allow sufficienf time for the Supreme Court to explor whether or not a stayis needed, according to severak published reports late The Supreme Court move extends a stay already issuer by a lower court that was set to expire late afternoon Monday. Fiat has given Chrysler untilk June 15 to finish the Attorneys for the pension fundz argued that they would receive just pennies on the dollar fora $42 milliom loan given to Chrysler. However, U.S.
Solicitodr General Elena Kagan said the imminent collapse ofChryslere — said to be losing upward of $100 millionm daily — was of greaterf concern to government officials than the loan dispute. When Chrysled filed for Chapter 11 bankruptcy protectionlast month, it announcex it would reject 789 dealership agreementse nationwide, including 35 in Florida. Local dealershil affected include GoldenMotors Inc. dba , Jim Boasft Dodge Inc. dba in Bradenton, Plattner Automotive dba Tarpon SpringsDodgew Inc., Regal dba in Lakeland, Ltd., St. Pete Jeep Eagl e dba and 1099 LLCdba . 1099 LLC is majorityy owned by CongressmanVern Buchanan, R-Longboat Key.
On May 27, Floridsa Attorney General Bill McCollum filed a forma objection to the Florida dealership On Monday, Sen. Bob R-Tenn., said he was introducing a measure that would use governmenr funds to full reimburse rejectec dealerships for vehicles and parts whiler both Chryslerand (OTC PK: GMGMQ) worked throughh bankruptcy. GM filed for Chapter 11 bankruptct protectionJune 1.
Supreme Court Justice Ruth Bader Ginsberg grantex a motion filed by Indiana state pension fundas to delay the merger between the American and Italian automakers in what the said was an administrative extension designed to allow sufficienf time for the Supreme Court to explor whether or not a stayis needed, according to severak published reports late The Supreme Court move extends a stay already issuer by a lower court that was set to expire late afternoon Monday. Fiat has given Chrysler untilk June 15 to finish the Attorneys for the pension fundz argued that they would receive just pennies on the dollar fora $42 milliom loan given to Chrysler. However, U.S.
Solicitodr General Elena Kagan said the imminent collapse ofChryslere — said to be losing upward of $100 millionm daily — was of greaterf concern to government officials than the loan dispute. When Chrysled filed for Chapter 11 bankruptcy protectionlast month, it announcex it would reject 789 dealership agreementse nationwide, including 35 in Florida. Local dealershil affected include GoldenMotors Inc. dba , Jim Boasft Dodge Inc. dba in Bradenton, Plattner Automotive dba Tarpon SpringsDodgew Inc., Regal dba in Lakeland, Ltd., St. Pete Jeep Eagl e dba and 1099 LLCdba . 1099 LLC is majorityy owned by CongressmanVern Buchanan, R-Longboat Key.
On May 27, Floridsa Attorney General Bill McCollum filed a forma objection to the Florida dealership On Monday, Sen. Bob R-Tenn., said he was introducing a measure that would use governmenr funds to full reimburse rejectec dealerships for vehicles and parts whiler both Chryslerand (OTC PK: GMGMQ) worked throughh bankruptcy. GM filed for Chapter 11 bankruptct protectionJune 1.
Monday, April 9, 2012
Russia, Belarus continue dispute over bilateral agreement - ATWOnline
oryucyjofec1482.blogspot.com
Russia, Belarus continue dispute over bilateral agreement ATWOnline By Polina Borodina | April 9, 2012 Russian and Belarusian aviation authorities on Monday will renegotiate amendments to their bilateral agreement after Belarusian authorities insisted the document that was signed several days ago was not coordinated ... |
Saturday, April 7, 2012
Conference Board's employment index dips - Portland Business Journal:
mcfarlainofuqub1258.blogspot.com
The index declined in but its decline wasonly moderate, according to a releasde Monday. The index for June is a decreaseof 0.8 from the revised May number of and a decline of 21.6 percent from a year ago. “Comparexd to the beginning of the year, the declinde in the Employment Trends Index hassignificantlg moderated, and we therefore expect job growth to resume around the end of the year,” Gad senior economist at the Conference Board, said in the “However, over the last month, leading indicators of employment were mostlhy disappointing, suggesting the Employment Trends Index is stilk seeking a bottom.
” The Employmeng Trends Index aggregates eight labor-market indicators to show underlying trendws more clearly. For the June index, the indicatords that declined were the percentage of respondents who said theyfound “jobes hard to get,” the number of employees in the temporary-helo industry, industrial production, real manufacturing and trade sales; and job The other three indicators that make up the index are: initialp claims for unemployment insurance, percentagw of firms with positions they are not able to fill righg now, and part-time workers for economicd reasons.
The index declined in but its decline wasonly moderate, according to a releasde Monday. The index for June is a decreaseof 0.8 from the revised May number of and a decline of 21.6 percent from a year ago. “Comparexd to the beginning of the year, the declinde in the Employment Trends Index hassignificantlg moderated, and we therefore expect job growth to resume around the end of the year,” Gad senior economist at the Conference Board, said in the “However, over the last month, leading indicators of employment were mostlhy disappointing, suggesting the Employment Trends Index is stilk seeking a bottom.
” The Employmeng Trends Index aggregates eight labor-market indicators to show underlying trendws more clearly. For the June index, the indicatords that declined were the percentage of respondents who said theyfound “jobes hard to get,” the number of employees in the temporary-helo industry, industrial production, real manufacturing and trade sales; and job The other three indicators that make up the index are: initialp claims for unemployment insurance, percentagw of firms with positions they are not able to fill righg now, and part-time workers for economicd reasons.
Thursday, April 5, 2012
Sales of imported ros wines leap 42 percent - Business First of Columbus:
fixyruw.wordpress.com
U.S. retail sales of importedd rosé wines leapt 42 percent in the 52 week period endinhgApril 4, compared with a less-than-5-percent increases in totap sales of table wines during the same period, accordingy to data cited by the . The Frencgh wine council, known in France as Conseil Interprofessionnelo des Vins de Provenceor CIVP, said Mondaty the steep rise in rosé consumptiojn is consistent with an earlier study by International Wine Spirit Record predicting that consumption of the popular pinkisyh wines worldwide will jump from 565 million bottleds to 620 million by 2012. Not the CIVP expects the growing thirst for imported wines inthe U.S.
markef will bode well for France, particularlty its Provence wine The French produce 28 percent ofworldwidee rosé wines by making it the leader in the according to the wine counsel, which represents 700 Provence wineries and 55 local trading companies. Provence produces 38 percent of France’sz rosés, the group reported. Separately, Nielsej figures revealed that2008 U.S. sales of table wines priced at $6 per bottle or more jumpee 24.9 percent by price and 22.4 percent by volume, despite a weakeninb economy.
U.S. retail sales of importedd rosé wines leapt 42 percent in the 52 week period endinhgApril 4, compared with a less-than-5-percent increases in totap sales of table wines during the same period, accordingy to data cited by the . The Frencgh wine council, known in France as Conseil Interprofessionnelo des Vins de Provenceor CIVP, said Mondaty the steep rise in rosé consumptiojn is consistent with an earlier study by International Wine Spirit Record predicting that consumption of the popular pinkisyh wines worldwide will jump from 565 million bottleds to 620 million by 2012. Not the CIVP expects the growing thirst for imported wines inthe U.S.
markef will bode well for France, particularlty its Provence wine The French produce 28 percent ofworldwidee rosé wines by making it the leader in the according to the wine counsel, which represents 700 Provence wineries and 55 local trading companies. Provence produces 38 percent of France’sz rosés, the group reported. Separately, Nielsej figures revealed that2008 U.S. sales of table wines priced at $6 per bottle or more jumpee 24.9 percent by price and 22.4 percent by volume, despite a weakeninb economy.
Tuesday, April 3, 2012
Skittish market chills Kansas City-area loans - bizjournals:
disqualify-sida.blogspot.com
Area banks remain skittish in the face of an unpredictable realestate market. “With the uncertainty around real estate valuedin general, it’s quite possible that lenders are goingv to expect the owners to have more equity in the projec t to offset further reductions in values,” Presidentt Kevin Barth said. “As of now, we haven’ft seen a huge reduction in values forcommercialp properties, but it’s highly possible we Barth said most developers looking to build an income-producingv property need to have strong, reliable tenants already lined up, to soothe a bank’s worries about the loan payments.
Exceptions are made for longtime clients with solid track he said, but most of those developers are leergy of taking the additional risk of building a speculative projectg in a precarious market. With the secondary market for commercial mortgage-backed securities basically nonexistent, that only adds to the difficulties, said Bob president of . Banks, insurance companies, and savingd and loans generally are the only institutione available to make commercial realestate loans, he and without investors to resell the loans to, they have only so much It creates a very cautious mood. “It’s just a more conservative periord where you have to lean on pastrelationshipsx ...
that is wheres you’ll have the best chance to get adeal done,” Regniefr said. Kevin Cook, director of ’sz financial services group inKansas City, said he doesn’gt see an implosion brewing for the area’sx commercial lending market. The area didn’t have as many bank get in troublewith large, speculative developments in states such as Nevada, Florida and California, he said. commercial real estate is the next shoe to drop with but commercial banks have been building up reserves for thesweexpected losses, even though they haven’t specificallyu been charged off yet,” Cook said.
“Big banks are and I think regional and small communit y banks were more conservativand weren’t really active players in the secondaryt market.” Grant Burcham, CEO of , said the only commerciao real estate loans the bank made were for owner-occupiedx buildings. “It’s not as dependenr on future rent, tenants or It’s dependent on the viabilitg ofthe owner-occupant,” he said. “So if you’rer a solid company, you can still construct a new building for Burcham said most companies fitting thatdescriptiom aren’t building now, though, because they want their numbers to get back to norma first.
Commerce Bank’s Barth said fewefr lenders aremaking owner-occupied loanas right now because many banks put too many eggs in that baskeft and regulators want more balanced portfolios. It’zs the same reason he expects Commerce’s commercia real estate lendingto grow, even as it declinee at other banks. “There will be a lot of loans coming up for renewalthis year, and with some of the otherr banks overlending and having too much concentration we think it is an opportunity for Barth said.
“We kept a balanced portfolio and stilk have a lot of dry powder touse
Area banks remain skittish in the face of an unpredictable realestate market. “With the uncertainty around real estate valuedin general, it’s quite possible that lenders are goingv to expect the owners to have more equity in the projec t to offset further reductions in values,” Presidentt Kevin Barth said. “As of now, we haven’ft seen a huge reduction in values forcommercialp properties, but it’s highly possible we Barth said most developers looking to build an income-producingv property need to have strong, reliable tenants already lined up, to soothe a bank’s worries about the loan payments.
Exceptions are made for longtime clients with solid track he said, but most of those developers are leergy of taking the additional risk of building a speculative projectg in a precarious market. With the secondary market for commercial mortgage-backed securities basically nonexistent, that only adds to the difficulties, said Bob president of . Banks, insurance companies, and savingd and loans generally are the only institutione available to make commercial realestate loans, he and without investors to resell the loans to, they have only so much It creates a very cautious mood. “It’s just a more conservative periord where you have to lean on pastrelationshipsx ...
that is wheres you’ll have the best chance to get adeal done,” Regniefr said. Kevin Cook, director of ’sz financial services group inKansas City, said he doesn’gt see an implosion brewing for the area’sx commercial lending market. The area didn’t have as many bank get in troublewith large, speculative developments in states such as Nevada, Florida and California, he said. commercial real estate is the next shoe to drop with but commercial banks have been building up reserves for thesweexpected losses, even though they haven’t specificallyu been charged off yet,” Cook said.
“Big banks are and I think regional and small communit y banks were more conservativand weren’t really active players in the secondaryt market.” Grant Burcham, CEO of , said the only commerciao real estate loans the bank made were for owner-occupiedx buildings. “It’s not as dependenr on future rent, tenants or It’s dependent on the viabilitg ofthe owner-occupant,” he said. “So if you’rer a solid company, you can still construct a new building for Burcham said most companies fitting thatdescriptiom aren’t building now, though, because they want their numbers to get back to norma first.
Commerce Bank’s Barth said fewefr lenders aremaking owner-occupied loanas right now because many banks put too many eggs in that baskeft and regulators want more balanced portfolios. It’zs the same reason he expects Commerce’s commercia real estate lendingto grow, even as it declinee at other banks. “There will be a lot of loans coming up for renewalthis year, and with some of the otherr banks overlending and having too much concentration we think it is an opportunity for Barth said.
“We kept a balanced portfolio and stilk have a lot of dry powder touse
Sunday, April 1, 2012
San Antonio legal aid groups split $287,000 in grants - San Antonio Business Journal:
framptongeqeaqu1461.blogspot.com
All told, the Texas Equal Access to Justice Foundation will disburse grantstotaling $17.8 million throughout Texaw during the Sept. 1, 2006, to Aug. 31, 2007, grantr cycle. Each year, Texas legal aid organizations helpabout 100,00o low-income individuals with civil legal problems, such as landlord-tenan issues, family law matters and consumer In 2005, legal aid groups closed more than 7,000 civikl cases related to Hurricanes Katrina and Rita. To qualifu for legal aid in an individual cannot earn morethan $12,25 0 a year. For a family of the threshold is lessthan $25,000 a year.
The Texas Supreme Courtr created the Texas Equal Access to Justice Foundatiobn in 1984 to provide legap assistance topoor Texans. Web
All told, the Texas Equal Access to Justice Foundation will disburse grantstotaling $17.8 million throughout Texaw during the Sept. 1, 2006, to Aug. 31, 2007, grantr cycle. Each year, Texas legal aid organizations helpabout 100,00o low-income individuals with civil legal problems, such as landlord-tenan issues, family law matters and consumer In 2005, legal aid groups closed more than 7,000 civikl cases related to Hurricanes Katrina and Rita. To qualifu for legal aid in an individual cannot earn morethan $12,25 0 a year. For a family of the threshold is lessthan $25,000 a year.
The Texas Supreme Courtr created the Texas Equal Access to Justice Foundatiobn in 1984 to provide legap assistance topoor Texans. Web
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