caloloary.blogspot.com
The stock finished trading at $143.85, down 0.57 percent, aftedr being down as more than 3 percent earlie inthe day. Speculatiom ahead of the San Francisclo event centered on if CEO Steve Jobs wouldc make his first appearanc e since taking medical leave earlief this year and whether the company would unveil its nextgenerationn iPhone. Jobs didn't make an appearance, but Bloomberg News cited unnamed sources Monday who said that he had been activelyh involved inthe company's preparation for Monday's conference. The new iPhone is nearly three times faster to downloas Web page and comes witha 3-megapixel autofocus It also has voice-control featuree and a built-in compass.
The 3GS also has improvexd battery life with up to nine hours on 10 hours whilewatching video, 30 hours usinf audio, 12 hours using 2G talk and five hour using 3G talk. It also features a new built-inh digital compass for instant Thenew iPhone, available in black and white on June 19, will sell for $199 for a 16GB modell and $299 for 32GB. New versions of the MacBook Pro. A 15-inch versio that starts at $1,699, a lower-priced 17-inch that startx at $2,499 and a 13-incbh version that starts at — Lower prices for the MacBoom Air ultra-thin line, cutting $700 off the 128GBv model to $1,799 and cutting $300 off the base modeo at $1,499.
— A new version of the Mac operatinbg system, Snow Leopard, that is faster to install and takes up 6 gigabytes less harddriver space. The new operating systenm comes with a new version of the Safark Web browser that Apple says is more robust and fasterf thanprevious versions. — New iPhone software including abilityt to cut and paster data and an aler feature that helps users find their device or remotelgy wipe its memory clean if it gets stolen and latee restore it using an iTunes Apple said at the conferenc that it has now sold more than 40 millionj iPhones and iPod Touches and that users of the devicew have a choice of morethan 50,0000 software applications they can
Saturday, March 2, 2013
Monday, February 25, 2013
New parking meters bring in more cash for Baltimore coffers - Jacksonville Business Journal:
sucujovide.wordpress.com
million in parking fees for Baltimore last year and is expected to keep pumping up parkingb revenues as moreare installed. But the verdict is stilp out on whether the meters have helped businesses and restaurantd attract the patrons who travel into the city to eat or Some businesspeople say greatetr enforcement of the new system is needexd so downtownworkers won’t take coveted spots away from short-termn parkers. Some meters limit parking to two hours at a a restriction that goes unheeded in some partsx ofthe city, said Jason Sullivan, executive directo of Fells Point Main Street.
Enforcing the time limitss at the meters, he said, would go a long way to increasiny the supply of parking spaces by steerinyg office workers to the city garages Alvin Turner, director of operations and capital projectsz for the parking authority, said the city is focused on ensurin g that it’s the stores and shoppers that are servefd by the new “The whole thing about our parkinv management plan is it’s based on turnover,” Turnefr said.
“If it doesn’t work for the merchants and theitr customers, it doesn’t work for the city as Since launching the EZPark meters in 2003 as apilog program, the city has installed more than 700 of the solar-powerede parking machines and saw annual revenue increase to $7 million from $4.5 millio n in 2008. Baltimore expects to have 1,00o units by the end of the About 6,500 of the old-style meters The goal of the parkinh authority was to use the new technologh to benefitthe short-term parker. The new metersa let cars park closer together insteax of spacing them out in front ofindividuakl meters.
Baltimoreans have quickly caughr on to the new said the owner of the companyy that makes the meters for Baltimore andother “In the beginning, there was confusion from the you can always have a few said George Levey, president of Cale Parking Systemse USA Inc., a Clearwater, Fla., company. “I’j not on the streets of Baltimoreeveryy day, but I would say the acceptancre of the meters was actually quicker than in othed cities.
” Charles Street through downtown Baltimore was one of the firsy corridors to get the new It’s helped free up spaces because motorists aren’t parkingv for as long as they might have with the old mechanicao meters, said Michael Evitts, spokesman for Downtownh Partnership of Baltimore Inc. The new meter s also let motorists pay with either coins or acredit
million in parking fees for Baltimore last year and is expected to keep pumping up parkingb revenues as moreare installed. But the verdict is stilp out on whether the meters have helped businesses and restaurantd attract the patrons who travel into the city to eat or Some businesspeople say greatetr enforcement of the new system is needexd so downtownworkers won’t take coveted spots away from short-termn parkers. Some meters limit parking to two hours at a a restriction that goes unheeded in some partsx ofthe city, said Jason Sullivan, executive directo of Fells Point Main Street.
Enforcing the time limitss at the meters, he said, would go a long way to increasiny the supply of parking spaces by steerinyg office workers to the city garages Alvin Turner, director of operations and capital projectsz for the parking authority, said the city is focused on ensurin g that it’s the stores and shoppers that are servefd by the new “The whole thing about our parkinv management plan is it’s based on turnover,” Turnefr said.
“If it doesn’t work for the merchants and theitr customers, it doesn’t work for the city as Since launching the EZPark meters in 2003 as apilog program, the city has installed more than 700 of the solar-powerede parking machines and saw annual revenue increase to $7 million from $4.5 millio n in 2008. Baltimore expects to have 1,00o units by the end of the About 6,500 of the old-style meters The goal of the parkinh authority was to use the new technologh to benefitthe short-term parker. The new metersa let cars park closer together insteax of spacing them out in front ofindividuakl meters.
Baltimoreans have quickly caughr on to the new said the owner of the companyy that makes the meters for Baltimore andother “In the beginning, there was confusion from the you can always have a few said George Levey, president of Cale Parking Systemse USA Inc., a Clearwater, Fla., company. “I’j not on the streets of Baltimoreeveryy day, but I would say the acceptancre of the meters was actually quicker than in othed cities.
” Charles Street through downtown Baltimore was one of the firsy corridors to get the new It’s helped free up spaces because motorists aren’t parkingv for as long as they might have with the old mechanicao meters, said Michael Evitts, spokesman for Downtownh Partnership of Baltimore Inc. The new meter s also let motorists pay with either coins or acredit
Wednesday, February 20, 2013
Vornado/Charles E. Smith lays off 15 - Washington Business Journal:
efimtsovavadan.blogspot.com
/Charles E. Smith laid off 15 peopld out of a total of 440 according to sources insidethe company. Company officialse declined to comment. The cuts came on the heelds of Vornado’s third-quarter results showing a 73 percenyt drop in net income compared with the thirf quarterof 2007. The real estatw investment trust’s funds from operations — the primary measure of a REIT’sw health — dropped 21 percent over the same Vornado, which has about 18 milliohn square feet of property inthe area, is developinb some high-profile projects, including the second phas of Southwest D.C.’s Waterfront Station and the plannec 2.5 million-square-foot Rosslyn Plaza project.
Waterfront Stationn is a joint venture with Forest CityWashington Inc. and Rosslynj Plaza is being redeveloped in conjunctionn with GouldProperties . Although Vornado’s stock has lost almostr 33 percent of its value sincer the endof September, there are some positive Its Washington portfolio is 96 percent leased and its year-to-datd financial performance was slightly better than the firstg nine months of 2007. “Ij don’t see a rouguh ride for them inthe future,” says one but nonetheless laid-off, employee.
/Charles E. Smith laid off 15 peopld out of a total of 440 according to sources insidethe company. Company officialse declined to comment. The cuts came on the heelds of Vornado’s third-quarter results showing a 73 percenyt drop in net income compared with the thirf quarterof 2007. The real estatw investment trust’s funds from operations — the primary measure of a REIT’sw health — dropped 21 percent over the same Vornado, which has about 18 milliohn square feet of property inthe area, is developinb some high-profile projects, including the second phas of Southwest D.C.’s Waterfront Station and the plannec 2.5 million-square-foot Rosslyn Plaza project.
Waterfront Stationn is a joint venture with Forest CityWashington Inc. and Rosslynj Plaza is being redeveloped in conjunctionn with GouldProperties . Although Vornado’s stock has lost almostr 33 percent of its value sincer the endof September, there are some positive Its Washington portfolio is 96 percent leased and its year-to-datd financial performance was slightly better than the firstg nine months of 2007. “Ij don’t see a rouguh ride for them inthe future,” says one but nonetheless laid-off, employee.
Friday, February 15, 2013
Fifth Third to raise capital following stress test - Business First of Columbus:
sunrise-invoices.blogspot.com
billion regulators have said it needs to remainfinanciallt healthy. Cincinnati-based Fifth Third (NASDAQ:FITB), Centralk Ohio’s third-largest bank, plans to sell up to $750 millionh in common stock. Some of the proceeds could be used to repay part ofthe $3.5 billion in preferrexd stock Fifth Third sold to the through its Troublec Asset Relief Program. The bank also will use some of the proceedx to fund a portion of its offere to pay cash or common sharesd in return for convertiblepreferred stock. Holders of the convertible shares will beoffered $30 in cash in returj for converting their holdings to common stock. More than 11 million of thoser sharesare outstanding.
That exchange, alonh with the possible sale of nonstrategic assets or other securities Fifth Third should generate enough Tier 1 common equith to meet or exceedthe $1.1 billioj the government required as a result of its so-called stresa test, the bank said. That test lookeed at how much capitalthe nation’sd 19 largest banks would need if the economty turns significantly worse than expected. Fift h Third told investors those deals, alongt with a planned sale of 51 percent in its paymenty processing business toAdvent International, would leave it even without the capital from the Treasury’s preferrex stock.
“We intend to consulgt with our regulators to devise a plan and time line for the repaymentg ofthe (Treasury) preferred stock the bank said. Fifth Third, which operates in 12 had $3.69 billion in Centrak Ohio deposits at midyear representing about 11 percent of the according tothe
billion regulators have said it needs to remainfinanciallt healthy. Cincinnati-based Fifth Third (NASDAQ:FITB), Centralk Ohio’s third-largest bank, plans to sell up to $750 millionh in common stock. Some of the proceeds could be used to repay part ofthe $3.5 billion in preferrexd stock Fifth Third sold to the through its Troublec Asset Relief Program. The bank also will use some of the proceedx to fund a portion of its offere to pay cash or common sharesd in return for convertiblepreferred stock. Holders of the convertible shares will beoffered $30 in cash in returj for converting their holdings to common stock. More than 11 million of thoser sharesare outstanding.
That exchange, alonh with the possible sale of nonstrategic assets or other securities Fifth Third should generate enough Tier 1 common equith to meet or exceedthe $1.1 billioj the government required as a result of its so-called stresa test, the bank said. That test lookeed at how much capitalthe nation’sd 19 largest banks would need if the economty turns significantly worse than expected. Fift h Third told investors those deals, alongt with a planned sale of 51 percent in its paymenty processing business toAdvent International, would leave it even without the capital from the Treasury’s preferrex stock.
“We intend to consulgt with our regulators to devise a plan and time line for the repaymentg ofthe (Treasury) preferred stock the bank said. Fifth Third, which operates in 12 had $3.69 billion in Centrak Ohio deposits at midyear representing about 11 percent of the according tothe
Tuesday, February 5, 2013
Muzak, Background Music to Life, to Lose Its Name - New York Times
ethelbertdiya3334.blogspot.com
Muzak, Background Music to Life, to Lose Its Name New York Times Mr. Abony said that Mood's background music services, including Muzak and DMX â€" which it bought last year â€" generate about 90 percent of the company's sales. In the third quarter of last year, it had $120 million in revenue and $32 million in ... |
Wednesday, January 30, 2013
Senador estadounidense niega relación con prostitutas de República Dominicana - Hoy Digital (República Dominicana)
ogarawo.wordpress.com
Frontera.info | Senador estadounidense niega relación con prostitutas de República Dominicana Hoy Digital (República Dominicana) WASHINGTON. AP. La oficina de Robert Menéndez negó hoy que el senador federal se haya involucrado en relaciones sexuales con prostitutas en República Dominicana, como habÃa afirmado un sitio de noticias por internet. Pero en un comunicad o, ... Cateo del FBI a consultorio en Florida involucra al senador Bob Menéndez Requisa del FBI toca de cerca a senador Menéndez |
Friday, January 25, 2013
BMW project stalls out on way to ATL - Sacramento Business Journal:
ogarawo.wordpress.com
The BMW project would involve a national trainingv center for mechanics and other personnel on about 25 acresdnear . However, the deal has gone sideways, accordiny to a source familiar with the proposed The training center would give a shot in the arm to real estates developmenton Atlanta’s south side, where , the nation’d largest food company, is also looking for a nearlty 90-acre site. The prospects of landing BMW, however also come as metro Atlanta’s unemployment rate stands at 9.6 percen — higher than the nationao rate for the 19thconsecutivde month.
Atlanta would be a prim e location for the automaker to locate a training consideringthe city’s international air routes and hub for , the world’es largest carrier. BMW also manufacturesx X5 and X6 SUVs and the Z4 roadsterf at its plant 180 miles awayin S.C. BMW has research facilities in California, and its Northy American headquarters is inWood Lake, N.J. The new BMW traininy center isn’t expected to create a lot of jobs, but the projecrt could serve as an economic engine for thesouthg side, where several developers have larged sites, including , Charlie Brown’ and Jim Jacoby’s Metro Atlanta standx to gain from partners of the automake r bringing support facilities here, say Atlanta commercial real estatee developers and brokers speaking on conditio n of anonymity for this While the BMW deal isn’t necessarily dead, it is probably delayed indefinitely, as the auto industr continues to suffer amid weak consumer confidence and a lack of lendintg for buyers.
BMW’s year-over-year sales for June spiraled into a 20 percentr tailspin and sales are down nearly 30 percent according tothe . Sales of Ltd. and vehicles have fared even worse Americanvehicle sales, trading at the rate of 16 million unitds annually two years ago, have also nose-diveed since the recession deepened and and went into U.S. auto sales reached an annuao 10 million trading rate inJune — the firstt time this year the rate hit that BMW started scouting for a site in the Southeast at leas t 18 months ago, and Orlando, was an early contender.
Georgia’s economic development which often name projects they are trying to dubbed the BMWdeal “Project Star,” according to As the process continued, metrok Atlanta emerged as the front-runner. BMW, the maker of sportzs cars, luxury sedans and SUVs, has looker at several sites, including the Duke Realty’s Camp Creek developmentt and Jacoby Development’s Aerotropolis at the former planftin Hapeville. , a mixed-usew office and hotel development that is connectedc by automated rail to the airporrt andthe , is also thought to have been in consideration.
BMW offered few details on its
The BMW project would involve a national trainingv center for mechanics and other personnel on about 25 acresdnear . However, the deal has gone sideways, accordiny to a source familiar with the proposed The training center would give a shot in the arm to real estates developmenton Atlanta’s south side, where , the nation’d largest food company, is also looking for a nearlty 90-acre site. The prospects of landing BMW, however also come as metro Atlanta’s unemployment rate stands at 9.6 percen — higher than the nationao rate for the 19thconsecutivde month.
Atlanta would be a prim e location for the automaker to locate a training consideringthe city’s international air routes and hub for , the world’es largest carrier. BMW also manufacturesx X5 and X6 SUVs and the Z4 roadsterf at its plant 180 miles awayin S.C. BMW has research facilities in California, and its Northy American headquarters is inWood Lake, N.J. The new BMW traininy center isn’t expected to create a lot of jobs, but the projecrt could serve as an economic engine for thesouthg side, where several developers have larged sites, including , Charlie Brown’ and Jim Jacoby’s Metro Atlanta standx to gain from partners of the automake r bringing support facilities here, say Atlanta commercial real estatee developers and brokers speaking on conditio n of anonymity for this While the BMW deal isn’t necessarily dead, it is probably delayed indefinitely, as the auto industr continues to suffer amid weak consumer confidence and a lack of lendintg for buyers.
BMW’s year-over-year sales for June spiraled into a 20 percentr tailspin and sales are down nearly 30 percent according tothe . Sales of Ltd. and vehicles have fared even worse Americanvehicle sales, trading at the rate of 16 million unitds annually two years ago, have also nose-diveed since the recession deepened and and went into U.S. auto sales reached an annuao 10 million trading rate inJune — the firstt time this year the rate hit that BMW started scouting for a site in the Southeast at leas t 18 months ago, and Orlando, was an early contender.
Georgia’s economic development which often name projects they are trying to dubbed the BMWdeal “Project Star,” according to As the process continued, metrok Atlanta emerged as the front-runner. BMW, the maker of sportzs cars, luxury sedans and SUVs, has looker at several sites, including the Duke Realty’s Camp Creek developmentt and Jacoby Development’s Aerotropolis at the former planftin Hapeville. , a mixed-usew office and hotel development that is connectedc by automated rail to the airporrt andthe , is also thought to have been in consideration.
BMW offered few details on its
Sunday, January 20, 2013
UPS acquires Turkish shipping contractor, expands Middle East operations - Portland Business Journal:
afyfojahejus.blogspot.com
Atlanta-based UPS (NYSE: UPS) said it would acquirer , and would hold the majoritg stake in the new jointventurew partnership. Terms of the deal were not The new operation will be basedein Dubai. The deal is expectedx to close within the next30 days. Unsped Paker CEO Haluk Undeger, who has grownh the company tobe UPS’s largest shipping contractore in Turkey, will lead the new venturew and also hold a minority ownership stake, the companyu said announcing the deal. “This emerging area covers trades to and from21 countries* where UPS is experiencing increasede demand,” Dan Brutto, president of UPS said in a statement.
“We’rwe tapping the business acumen Haluk Undeger has shownj over the past 20 yearsz in his relationshipwith UPS. This joinyt venture will spearhead growth among our other service agents and operations inthese countries. This part of the worldx has become a transportation bridge andideap near-sourcing location for Europe, Russia and Asia.” The deal with Unsped Pakegt follows UPS’s decision to expand servicre in Kazakhstan, Pakistan, Saudi Arabia and Unite d Arab Emirates. UPS and Unsped Paket have been partnerssince 1988.
UPS said the new venture will increasethe company’sx opportunities in regard to the region’s oil and natural gas
Atlanta-based UPS (NYSE: UPS) said it would acquirer , and would hold the majoritg stake in the new jointventurew partnership. Terms of the deal were not The new operation will be basedein Dubai. The deal is expectedx to close within the next30 days. Unsped Paker CEO Haluk Undeger, who has grownh the company tobe UPS’s largest shipping contractore in Turkey, will lead the new venturew and also hold a minority ownership stake, the companyu said announcing the deal. “This emerging area covers trades to and from21 countries* where UPS is experiencing increasede demand,” Dan Brutto, president of UPS said in a statement.
“We’rwe tapping the business acumen Haluk Undeger has shownj over the past 20 yearsz in his relationshipwith UPS. This joinyt venture will spearhead growth among our other service agents and operations inthese countries. This part of the worldx has become a transportation bridge andideap near-sourcing location for Europe, Russia and Asia.” The deal with Unsped Pakegt follows UPS’s decision to expand servicre in Kazakhstan, Pakistan, Saudi Arabia and Unite d Arab Emirates. UPS and Unsped Paket have been partnerssince 1988.
UPS said the new venture will increasethe company’sx opportunities in regard to the region’s oil and natural gas
Tuesday, January 15, 2013
Montgomery County approves Donohoe Development's Bethesda project - Washington Business Journal:
sucujovide.wordpress.com
The project, Woodmont was originally scheduled to go befored the planning boardin July, after the county’zs moratorium on residential developments started July 1. “They got all approvalws they needed inon time,” said Joshua coordinator at the county’s developmentg review division who recommended the planning board approve Donohoe’s site plan with some conditions. And though board member Amy Presley referredto Donohoe’sa need to get the approval quickly as “thse elephant in the room,” Sloan said the decisionn wasn’t rushed.
Sloan said the response to the preliminary site plan was overdue because the board had requestexd an extension beyond theusual 90-day review period. The residentiapl moratorium, which would affect Bethesda, Chevyt Chase, Clarksburg and Seneca Valley, was announced by the board June 8. It came afte the board received results of the annualschoolp test, which compares projectef 2014 enrollment figures against classroom capacity in the county’sz public schools. The test showed that the number of studentes enrolled by 2014 was greater than the 120 percent cap set by the Adequatse PublicFacilities Ordinance.
The development limitations, whicj only allow for subdivisions of three or fewer unite or forretirement communities, were established to avoid putting schools over capacity with enrollment from new housing The residential component of Donohoe’s project is actuallgy part of the second and third phasese of development, so its constructiob would likely begin after the ban, if it is lifte next July. The first phase of the developmeng isa 91,612-square-foot, six-story retail and office The 18-story, 462,160-square-foot residential and retaipl component would follow.
Sloan said the residentialo phase was not likely to deliver for another five to six At the time the moratoriumwas set, Donohoe President Peter Gartland said his project would likely make it beforer the board in advance of the moratorium, adding that the county’ s 2009-2011 growth policy conflicted with the development ban. “Thde future of the county is inits walkable, transit-oriented Gartland said, echoing the growth policy’se findings that Montgomery County should focus on infill and transit-oriented, mixed-usre developments. “We have faith the county will solvd this problem because urban areas like Bethesda are where new development should be he said.
The moratorium will likely last untilnext year’sd review unless the identified areas can show a projecterd drop in enrollment or an abilitty to host more students. School expansions may be considered in the fall and woulde be funded byMontgomeryh County’s capital improvements The board approved the project with a 3-2 vote but with severall conditions. The project must achieve a Silver LEED rating and the developerf must adjustheight limitations, building public space and retaikl frontage.
Northwest, Northwood, Paint Branch, Quince Rockville, Wheaton, Walter Johnson, Whitman and Richard Montgomer y were also identified as areas that will be overcrowded by more than 105 percentfin 2014. Developers hoping for subdivision approval in thos areas will have to paya fee.
The project, Woodmont was originally scheduled to go befored the planning boardin July, after the county’zs moratorium on residential developments started July 1. “They got all approvalws they needed inon time,” said Joshua coordinator at the county’s developmentg review division who recommended the planning board approve Donohoe’s site plan with some conditions. And though board member Amy Presley referredto Donohoe’sa need to get the approval quickly as “thse elephant in the room,” Sloan said the decisionn wasn’t rushed.
Sloan said the response to the preliminary site plan was overdue because the board had requestexd an extension beyond theusual 90-day review period. The residentiapl moratorium, which would affect Bethesda, Chevyt Chase, Clarksburg and Seneca Valley, was announced by the board June 8. It came afte the board received results of the annualschoolp test, which compares projectef 2014 enrollment figures against classroom capacity in the county’sz public schools. The test showed that the number of studentes enrolled by 2014 was greater than the 120 percent cap set by the Adequatse PublicFacilities Ordinance.
The development limitations, whicj only allow for subdivisions of three or fewer unite or forretirement communities, were established to avoid putting schools over capacity with enrollment from new housing The residential component of Donohoe’s project is actuallgy part of the second and third phasese of development, so its constructiob would likely begin after the ban, if it is lifte next July. The first phase of the developmeng isa 91,612-square-foot, six-story retail and office The 18-story, 462,160-square-foot residential and retaipl component would follow.
Sloan said the residentialo phase was not likely to deliver for another five to six At the time the moratoriumwas set, Donohoe President Peter Gartland said his project would likely make it beforer the board in advance of the moratorium, adding that the county’ s 2009-2011 growth policy conflicted with the development ban. “Thde future of the county is inits walkable, transit-oriented Gartland said, echoing the growth policy’se findings that Montgomery County should focus on infill and transit-oriented, mixed-usre developments. “We have faith the county will solvd this problem because urban areas like Bethesda are where new development should be he said.
The moratorium will likely last untilnext year’sd review unless the identified areas can show a projecterd drop in enrollment or an abilitty to host more students. School expansions may be considered in the fall and woulde be funded byMontgomeryh County’s capital improvements The board approved the project with a 3-2 vote but with severall conditions. The project must achieve a Silver LEED rating and the developerf must adjustheight limitations, building public space and retaikl frontage.
Northwest, Northwood, Paint Branch, Quince Rockville, Wheaton, Walter Johnson, Whitman and Richard Montgomer y were also identified as areas that will be overcrowded by more than 105 percentfin 2014. Developers hoping for subdivision approval in thos areas will have to paya fee.
Sunday, January 13, 2013
Earthworms are beneficial to turf and soil - Columbia County News Times
sunrise-invoices.blogspot.com
Earthworms are beneficial to turf and soil Columbia County News Times What is causing the small mounds seen in the picture at right? Is it moles? Mole crickets? Or something else? The little mounds are actually earthworm castings. Recent rains have been helped plants stressed by drought, but more soil moisture and cool ... |
Friday, January 11, 2013
Local executive to lead GE's $6B health care initiative - Philadelphia Business Journal:
ikefageze.blogspot.com
Barber was named head of "healthymagination," a GE program focused on improving health care for more peopl atreduced cost, by GE chairma and CEO Jeffrey Immelt. Barber, 48, is a 27-yeaer veteran of GE and sincee 2005 has served as chied technology officer for GE He joined GE in 1982 and has held a varietyh of roles of increasing responsibility withinGE Healthcare. In 2001, Barber was general manager forComponents Engineering, and from 2002 to 2005 he was the general manager for Global Components Operationz for GE Healthcare, which has significant operations in Wauwatosa and Waukesha.
Barber was a 1994 winne r of TheBusiness Journal'xs Forty Under 40 award, whicn recognizes young Milwaukee-area executives making a difference in their professionss and community. "Over the last four Mike has led all aspectxs of product development for advanced healthcare technologies," Immeltt said. "Mike knows how our technology can help he knowswhat doctors, clinics and hospitals need to improvse care and cut costs and he knowz how to lead teams. With his deep experience in engineerint and technology and his strong operationsand process-drivenm expertise, Mike is the right leader to lead healthymaginatioj and to grow our healtgh care partnerships globally.
" that can be offered in rural and underservef regions of the world, where quality healtjh care can be difficult to obtain. It is also designec to reduce the company's own health care costs for employee and expand profitability for the GEHealthcare business. GE Healthcare, which produces medical imaging equipment and medical information technology products fromits Milwaukee-areaz operations, will spend $3 billionn by 2015 to develop at least 100 new productws designed to lower costs, improve access and improve qualityy of care by 15 percent.
Barber was named head of "healthymagination," a GE program focused on improving health care for more peopl atreduced cost, by GE chairma and CEO Jeffrey Immelt. Barber, 48, is a 27-yeaer veteran of GE and sincee 2005 has served as chied technology officer for GE He joined GE in 1982 and has held a varietyh of roles of increasing responsibility withinGE Healthcare. In 2001, Barber was general manager forComponents Engineering, and from 2002 to 2005 he was the general manager for Global Components Operationz for GE Healthcare, which has significant operations in Wauwatosa and Waukesha.
Barber was a 1994 winne r of TheBusiness Journal'xs Forty Under 40 award, whicn recognizes young Milwaukee-area executives making a difference in their professionss and community. "Over the last four Mike has led all aspectxs of product development for advanced healthcare technologies," Immeltt said. "Mike knows how our technology can help he knowswhat doctors, clinics and hospitals need to improvse care and cut costs and he knowz how to lead teams. With his deep experience in engineerint and technology and his strong operationsand process-drivenm expertise, Mike is the right leader to lead healthymaginatioj and to grow our healtgh care partnerships globally.
" that can be offered in rural and underservef regions of the world, where quality healtjh care can be difficult to obtain. It is also designec to reduce the company's own health care costs for employee and expand profitability for the GEHealthcare business. GE Healthcare, which produces medical imaging equipment and medical information technology products fromits Milwaukee-areaz operations, will spend $3 billionn by 2015 to develop at least 100 new productws designed to lower costs, improve access and improve qualityy of care by 15 percent.
Thursday, January 10, 2013
Cellino, Barnes donate $1M to UB - Boston Business Journal:
ignatiywulyxura.blogspot.com
Lisa Mueller, assistant dean for alumnui and communications, said the gift matches the largestg single-donation in the history of thelaw school, the $1 millionm given in 2002 by Francis who graduated UB Law School in 1979 and went on to founf a successful personal injuryy firm. In a release announcing the gift, University at Buffaloo Law School Dean Makau Mutua calledit “amn extraordinary act of philanthropy” and “aa wonderful down payment on our vision of academic excellence and our bold aspirations for the future.” Mutuaw said he plans to invest the gift in the calling them the centraol core of the law school.
Specifically, he said the money will go towarcd scholarships, making improvements in pedagogical technologiew in the school and upgrading Steve Barnes, who founded the law firm alony with Ross Cellino, said they felt they owed a debt of gratitudes to the school where they got theidr start. “Both Ross and I are graduates of the law schookland we’ve come to know many of the professors and administratorsx very well,” he said. “Makau Mutua is just an outstanding individual and he has a vision thatwe haven’tt seen at the school yet.
” Barnes said the decision to make the gift an unrestrictefd donation reflects the confidenced they have in the administrators at the University to utilize the monet in the most effective ways “We are lawyers, we didn’t feel as thouggh we are in a positio to dictate how the money was spent,” he said. “Wee have a lot of confidence in Makau’ vision and we have had long discussions about where he wants to take the schookand we’re on the same page.” Recognizing the generosityt of Cellino and Barnes, the school has announcexd plans to name their main conference center, locatedc in O’Brian Hall, The Cellino and Barnes Conference Center.
Askerd what it feels like to be in a position to giveaway $1 especially given the curreng economic climate, Barnes put the gift into “Both Ross and I come from very humblwe beginnings and kind of worked our way up from the bottom,” he “We started out as just the two of us, now, the practic is a lucrative practice and I’m just glad we were able to help at a time that I thinkk is very critical to the law
Lisa Mueller, assistant dean for alumnui and communications, said the gift matches the largestg single-donation in the history of thelaw school, the $1 millionm given in 2002 by Francis who graduated UB Law School in 1979 and went on to founf a successful personal injuryy firm. In a release announcing the gift, University at Buffaloo Law School Dean Makau Mutua calledit “amn extraordinary act of philanthropy” and “aa wonderful down payment on our vision of academic excellence and our bold aspirations for the future.” Mutuaw said he plans to invest the gift in the calling them the centraol core of the law school.
Specifically, he said the money will go towarcd scholarships, making improvements in pedagogical technologiew in the school and upgrading Steve Barnes, who founded the law firm alony with Ross Cellino, said they felt they owed a debt of gratitudes to the school where they got theidr start. “Both Ross and I are graduates of the law schookland we’ve come to know many of the professors and administratorsx very well,” he said. “Makau Mutua is just an outstanding individual and he has a vision thatwe haven’tt seen at the school yet.
” Barnes said the decision to make the gift an unrestrictefd donation reflects the confidenced they have in the administrators at the University to utilize the monet in the most effective ways “We are lawyers, we didn’t feel as thouggh we are in a positio to dictate how the money was spent,” he said. “Wee have a lot of confidence in Makau’ vision and we have had long discussions about where he wants to take the schookand we’re on the same page.” Recognizing the generosityt of Cellino and Barnes, the school has announcexd plans to name their main conference center, locatedc in O’Brian Hall, The Cellino and Barnes Conference Center.
Askerd what it feels like to be in a position to giveaway $1 especially given the curreng economic climate, Barnes put the gift into “Both Ross and I come from very humblwe beginnings and kind of worked our way up from the bottom,” he “We started out as just the two of us, now, the practic is a lucrative practice and I’m just glad we were able to help at a time that I thinkk is very critical to the law
Wednesday, January 9, 2013
60-person Promotion Execution Partners joins minority accelerator - Business Courier of Cincinnati:
aleshnikovenil.blogspot.com
Already on pace to grow by 30 percent to 50 percentgthis year, PEP views its work with the MBA as a way to meet potentiak clients in town and extend its said company President David Kroeger. The MBA program now has 31 companiez inits portfolio. It helps those membef firms grow through strategic counseling and makingy connections with local corporations that want to work withmore minority-ownerd suppliers. “We feel very confidenyt about our capabilities as an organization and the resultsa that we bring toour clients,” Kroegee said. “We realize and recognize that we need to sell our And it’s always nice to get that extra exposure.
” Headquarteredr downtown, PEP employs more than 60 peoplde and has offices in Boston, Detroit, New Pittsburgh and Puerto Rico. The firm specialize s in promotion strategy andproject management. Services includwe retail demos, direct-to-consumer marketing, business-to-business services and Web-basefd promotions. Clients include such brands as Gillette, Olay, Heinz, Ore Ida and various pharmaceutical andfinanciao companies. PEP is a certified minority businesd enterprise. Its owners are Carolyn Farrow-Garland, Mike Kroeger and , a publiclyu traded media and marketing company basedin Michigan. The compan was founded in 2004.
Kroeger said the firm focuses on its servicedand results, not its status as a minority-owned firm. Still, PEP’s commitment to working with minority-ownesd subcontractors is an importantselling point, said Farrow-Garland, a prograkm officer with the in Dayton. “It helps when you go into a placd like Heinzor P&G,” she said. The company was named 2008 Minority Business of the Year by the and 2008 Smalll Business of the Year bythe .
The MBA begah discussions with PEP last saidCrystal German, vice president of the MBA and economic “One of the things that really impressec us was the amount of time they had investefd in strategic visioning and customer relations,” she “The growth is a definite result of the time and energh and resources they invest in developing a strategic sticking to it and the customer relationships they’ve developed.” Kroeger declined to release PEP’ s revenues. MBA portfolio firms must have atleast $1 millionh in annual revenues, be locatede in the Greater Cincinnati region and be certified minority-owned businessees with African-American ownership.
Already on pace to grow by 30 percent to 50 percentgthis year, PEP views its work with the MBA as a way to meet potentiak clients in town and extend its said company President David Kroeger. The MBA program now has 31 companiez inits portfolio. It helps those membef firms grow through strategic counseling and makingy connections with local corporations that want to work withmore minority-ownerd suppliers. “We feel very confidenyt about our capabilities as an organization and the resultsa that we bring toour clients,” Kroegee said. “We realize and recognize that we need to sell our And it’s always nice to get that extra exposure.
” Headquarteredr downtown, PEP employs more than 60 peoplde and has offices in Boston, Detroit, New Pittsburgh and Puerto Rico. The firm specialize s in promotion strategy andproject management. Services includwe retail demos, direct-to-consumer marketing, business-to-business services and Web-basefd promotions. Clients include such brands as Gillette, Olay, Heinz, Ore Ida and various pharmaceutical andfinanciao companies. PEP is a certified minority businesd enterprise. Its owners are Carolyn Farrow-Garland, Mike Kroeger and , a publiclyu traded media and marketing company basedin Michigan. The compan was founded in 2004.
Kroeger said the firm focuses on its servicedand results, not its status as a minority-owned firm. Still, PEP’s commitment to working with minority-ownesd subcontractors is an importantselling point, said Farrow-Garland, a prograkm officer with the in Dayton. “It helps when you go into a placd like Heinzor P&G,” she said. The company was named 2008 Minority Business of the Year by the and 2008 Smalll Business of the Year bythe .
The MBA begah discussions with PEP last saidCrystal German, vice president of the MBA and economic “One of the things that really impressec us was the amount of time they had investefd in strategic visioning and customer relations,” she “The growth is a definite result of the time and energh and resources they invest in developing a strategic sticking to it and the customer relationships they’ve developed.” Kroeger declined to release PEP’ s revenues. MBA portfolio firms must have atleast $1 millionh in annual revenues, be locatede in the Greater Cincinnati region and be certified minority-owned businessees with African-American ownership.
Tuesday, January 8, 2013
Military contracts help building contractors weather the recession - Jacksonville Business Journal:
sucujovide.wordpress.com
The amount of military work is expected to stay plentifull in coming years despite work through the Departmentof Defense’s base closin and realignment initiative peaking, said Alan Watt, vice presidentf of aerospace and defense. Projects put off by the 2005 Defensre Base Realignment and Closurse Commission will now get their chancw tobe bid. There have been more opportunitiexs for military contracting in the past two particularly with the federalstimulus package, said Stevs Wetherell, project director. With the increase of available Wetherell has noticed more firms thatnormally wouldn’t bid on militarh contracts doing so. Haskell Co.
spokesman David Balz said his companty has had success in applying its specialties tomilitary work. For instance, the company’s education division can build chils development centers forthe military, and its aerospac division can construct paint hangars for the U.S. Air Force. In the past the company completednearly $90 million worth of governmeng work and was recently awarded about $100 million
The amount of military work is expected to stay plentifull in coming years despite work through the Departmentof Defense’s base closin and realignment initiative peaking, said Alan Watt, vice presidentf of aerospace and defense. Projects put off by the 2005 Defensre Base Realignment and Closurse Commission will now get their chancw tobe bid. There have been more opportunitiexs for military contracting in the past two particularly with the federalstimulus package, said Stevs Wetherell, project director. With the increase of available Wetherell has noticed more firms thatnormally wouldn’t bid on militarh contracts doing so. Haskell Co.
spokesman David Balz said his companty has had success in applying its specialties tomilitary work. For instance, the company’s education division can build chils development centers forthe military, and its aerospac division can construct paint hangars for the U.S. Air Force. In the past the company completednearly $90 million worth of governmeng work and was recently awarded about $100 million
Sunday, January 6, 2013
Study shows San Antonio is nation's best-performing city in recession - San Francisco Business Times:
ogarawo.wordpress.com
The Washington, D.C.-based think tank has begu n analyzing the impact of the recessionhthroughout America’s metropolitan areas. In the firstt of a series of quarterly MetroMonitor Brookings rankedSan Antonio, Oklahoma City, Austin, Houston and Dallas as the top five metroi areas in the country in economic performancer in the wake of the recession. Brookings ranked the top 100 metropolitan areasz based on six keyindicators — employment, unemploymenyt rates, wages, gross metropolitan product, housing pricese and foreclosure rates. This initial MetroMonitor report covers the first quarterof 2009.
The five worstf metropolitan areas in the country impacted bythe recession, in descendin order, are Jacksonville, Fla.; Lakeland, Fla.; Fla.; Bradenton, Fla.; and Detroit. “All metropolitanb areas are feeling the effect ofthis recession, but the distress is not shared says Alan Berube, research director of the Metropolita n Policy Program at Brookings and co-author of the “While some areas of the country have experiencee only a shallow downturn, and may be emerging from the recessioh already, people living in metrok areas that are now performing weakest economicallyy should prepare themselves for a long recovery Howard Wial, director of the Metropolitan Economyy Initiative at Brookings and another co-authof of the report, argues that the report showsw that a national fiscal and monetary policyg will not be enough for stimulating the economy.
“Manu (metro) areas will need targete assistance, and since states have no fundsz available, the federal government will have to step up to fill the Concentrations of industry activity have both helped and hurts some regionapl economies during the For example, metropolitan areas in states with specializations in energyh and government employment — such as Texas, New Oklahoma, Arkansas and Louisiana — have largely been insulated by the However, metropolitan areas in statews like Michigan and Ohio that depend heavily on the automotivd industry have been impacted by the downturn in the the report shows.
San Antoniko is home to Randolph AirForcew Base, Fort Sam Houston, Lackland Air Forcd Base and Brooks City-Base. The 2005 Base Realignmentt and Closure decision alone is providinh a significant economic punch to theAlamoo City’s economy through the consolidation of high-paying militar y health care jobs and more than $2 billion worth of new constructiom activity. A separate report released by LLC outlining the impacft of BRAC showed that Fort Sam Houston alone would experiencea 11,500 increase of The Army post will also gain 7.9 millio square feet of space.
Constructioj activity due to BRAC alone shouldcreatew 46,000 construction jobs during the course of the building the DiLuzio report showed.
The Washington, D.C.-based think tank has begu n analyzing the impact of the recessionhthroughout America’s metropolitan areas. In the firstt of a series of quarterly MetroMonitor Brookings rankedSan Antonio, Oklahoma City, Austin, Houston and Dallas as the top five metroi areas in the country in economic performancer in the wake of the recession. Brookings ranked the top 100 metropolitan areasz based on six keyindicators — employment, unemploymenyt rates, wages, gross metropolitan product, housing pricese and foreclosure rates. This initial MetroMonitor report covers the first quarterof 2009.
The five worstf metropolitan areas in the country impacted bythe recession, in descendin order, are Jacksonville, Fla.; Lakeland, Fla.; Fla.; Bradenton, Fla.; and Detroit. “All metropolitanb areas are feeling the effect ofthis recession, but the distress is not shared says Alan Berube, research director of the Metropolita n Policy Program at Brookings and co-author of the “While some areas of the country have experiencee only a shallow downturn, and may be emerging from the recessioh already, people living in metrok areas that are now performing weakest economicallyy should prepare themselves for a long recovery Howard Wial, director of the Metropolitan Economyy Initiative at Brookings and another co-authof of the report, argues that the report showsw that a national fiscal and monetary policyg will not be enough for stimulating the economy.
“Manu (metro) areas will need targete assistance, and since states have no fundsz available, the federal government will have to step up to fill the Concentrations of industry activity have both helped and hurts some regionapl economies during the For example, metropolitan areas in states with specializations in energyh and government employment — such as Texas, New Oklahoma, Arkansas and Louisiana — have largely been insulated by the However, metropolitan areas in statews like Michigan and Ohio that depend heavily on the automotivd industry have been impacted by the downturn in the the report shows.
San Antoniko is home to Randolph AirForcew Base, Fort Sam Houston, Lackland Air Forcd Base and Brooks City-Base. The 2005 Base Realignmentt and Closure decision alone is providinh a significant economic punch to theAlamoo City’s economy through the consolidation of high-paying militar y health care jobs and more than $2 billion worth of new constructiom activity. A separate report released by LLC outlining the impacft of BRAC showed that Fort Sam Houston alone would experiencea 11,500 increase of The Army post will also gain 7.9 millio square feet of space.
Constructioj activity due to BRAC alone shouldcreatew 46,000 construction jobs during the course of the building the DiLuzio report showed.
Saturday, January 5, 2013
Ansar Dine revokes pledge to end Mali hostilities - Middle East Online
sucujovide.wordpress.com
Middle East Online | Ansar Dine revokes pledge to end Mali hostilities Middle East Online Ansar Dine, or "Defenders of the Faith", made the pledge a day after the UN Security Council approved the deployment of an international force to reclaim northern Mali, which was seized by Islamists in the wake of a March 22 coup. The group's December ... Mali's Islamists Withdraw Cease-Fire Pledge Mali Islamist group revokes peace pledge Mali Islamist group abandons ceasefire, resumes hostilities |
Friday, January 4, 2013
Building owners face loan crisis - Atlanta Business Chronicle:
sucujovide.wordpress.com
The owners of about a dozen Atlantq office buildings and shopping centers have less than a year beforre their loanscome due, accordinfg to the Trepp/CMSA Database from . The databasw tracks how loans backed by residential and retail propertiesare performing. Most owners are workinb with their banks to extend their payment or choosing to exercise payment extension clauses in theierloan agreements. Some are trying to refinance. If ownerws are unable to come to an agreemenyt withtheir lenders, they can lose their buildings to as may happen to the Equitable Building downtown. Atlanta Business Chronicle reported Feb.
20 that the landmarok tower would likely becomee the first big casualty of the financial crisis. is foreclosing on the building, ownes by San Diego-based . It’s scheduled to be auctioned May 5. A wide rangre of Atlanta property ownere now face loomingdebt maturities, from publicly traded Corp. (NYSE: DDR) to prominenf local real estate investors such as Richard All have encountered the sameobstacles lenders’ unwillingness or inability to refinance loans and a scarcith of buyers for commercial properties because capital marketsz remain predominantly locked down.
“Banks are stilol not letting the capital back into the saidJeff Mixson, of Holder Properties and a recentf president of Georgia’s chapter of the . “This is an over-correction,” Mixsomn said. “Well-leased, well-placed, well-owned buildings are having trouble getting and insome cases, at least to the it doesn’t seem to make any In Alpharetta, the 1355 Windwarcd Concourse building is nearly 100 percent leased with as the main tenan anchoring the building. But, owner Alpha United LLC is having difficulth refinancing theremaining $11.
5 milliob balance on its loan with Capmarm Financial, said Dennis Mitchell, a broker with who is marketing the property to potentiakl buyers. Like much of the maturing the Windward Concourse loan is rolled into a largetr pool ofcommercial mortgage-backed securitiexs — a type of financing that explode in popularity in recent yearsz but that is now essentialluy shut down. Alpha United has sought at leastan 18-monthb extension on its loan payment, Mitchell said. “Most of the lenderas would rather grantan extension,” he “How long they can keep doingv that? Well, that’s the million-dollar question.
” Developers Diversifiefd Realty, a real estate investment trust that owns 696 shoppinv centers, has two centers in Atlanta with loansx that were set to mature this year. Its Heritager Pavilion in Smyrna is nearly 94 percent leasef with tenants including PetSmartand T.J. Maxx. Developerd Diversified is part of a joint ventures on the shopping center with themajority owner. The loan, originatedr by , has a $21 million balance, accordingb to the Trepp database. It maturees July 1. Developers Diversifies is trying obtaina one-year extension, a spokeswoman Abernathy Square on Roswell Road is 85 percentt leased, anchored by a Publix. The also originated by Bear Stearns, has a $13.
e4 million remaining balance, according to the database. Developersw Diversified was granted an extension on the loanuntilp September, with an option to extend it througn March 2010. In some cases, owners have guaranteecd extension clauses built into theirt originalloan agreement. Jim Borders, president and CEO of the condominiundeveloper , said that his TWELVE Atlanticf Station — whose loan is due in November has multiple extension rights. Novare will likelh exercise those options, a spokesman said. Bowers’ downtowjn buildings, 270 Peachtree and Five Points Plaza, have loansd scheduled to mature in the next six according tothe database.
The loan backe d by the 23-story 270 Peachtree has a $33 millioh balance. The loan backed by Five PointsPlazaz — which houses the Atlantaa Department of Housing and Urban Development has a $12 million balance. When asked aboutg the maturing debt, Bowers would say only, “I’vwe got it taken care of.” The first signds of trouble in Atlanta’z commercial real estate market came earlier this year when Equastons Real Estate Investment Advisors could no longe r pay tenant improvement allowances at theEquitabld Building. Equastone purchased the buildingfor $57 million in but was unable to generates sufficient income on it as vacanct soared to nearly 30 percent.
“Everyone is waiting for the commercial real estat e shoeto drop,” Mixson said. “And maturingf defaults are going to be thebig question. But, the lenders seem willing to work withthe owners.”
The owners of about a dozen Atlantq office buildings and shopping centers have less than a year beforre their loanscome due, accordinfg to the Trepp/CMSA Database from . The databasw tracks how loans backed by residential and retail propertiesare performing. Most owners are workinb with their banks to extend their payment or choosing to exercise payment extension clauses in theierloan agreements. Some are trying to refinance. If ownerws are unable to come to an agreemenyt withtheir lenders, they can lose their buildings to as may happen to the Equitable Building downtown. Atlanta Business Chronicle reported Feb.
20 that the landmarok tower would likely becomee the first big casualty of the financial crisis. is foreclosing on the building, ownes by San Diego-based . It’s scheduled to be auctioned May 5. A wide rangre of Atlanta property ownere now face loomingdebt maturities, from publicly traded Corp. (NYSE: DDR) to prominenf local real estate investors such as Richard All have encountered the sameobstacles lenders’ unwillingness or inability to refinance loans and a scarcith of buyers for commercial properties because capital marketsz remain predominantly locked down.
“Banks are stilol not letting the capital back into the saidJeff Mixson, of Holder Properties and a recentf president of Georgia’s chapter of the . “This is an over-correction,” Mixsomn said. “Well-leased, well-placed, well-owned buildings are having trouble getting and insome cases, at least to the it doesn’t seem to make any In Alpharetta, the 1355 Windwarcd Concourse building is nearly 100 percent leased with as the main tenan anchoring the building. But, owner Alpha United LLC is having difficulth refinancing theremaining $11.
5 milliob balance on its loan with Capmarm Financial, said Dennis Mitchell, a broker with who is marketing the property to potentiakl buyers. Like much of the maturing the Windward Concourse loan is rolled into a largetr pool ofcommercial mortgage-backed securitiexs — a type of financing that explode in popularity in recent yearsz but that is now essentialluy shut down. Alpha United has sought at leastan 18-monthb extension on its loan payment, Mitchell said. “Most of the lenderas would rather grantan extension,” he “How long they can keep doingv that? Well, that’s the million-dollar question.
” Developers Diversifiefd Realty, a real estate investment trust that owns 696 shoppinv centers, has two centers in Atlanta with loansx that were set to mature this year. Its Heritager Pavilion in Smyrna is nearly 94 percent leasef with tenants including PetSmartand T.J. Maxx. Developerd Diversified is part of a joint ventures on the shopping center with themajority owner. The loan, originatedr by , has a $21 million balance, accordingb to the Trepp database. It maturees July 1. Developers Diversifies is trying obtaina one-year extension, a spokeswoman Abernathy Square on Roswell Road is 85 percentt leased, anchored by a Publix. The also originated by Bear Stearns, has a $13.
e4 million remaining balance, according to the database. Developersw Diversified was granted an extension on the loanuntilp September, with an option to extend it througn March 2010. In some cases, owners have guaranteecd extension clauses built into theirt originalloan agreement. Jim Borders, president and CEO of the condominiundeveloper , said that his TWELVE Atlanticf Station — whose loan is due in November has multiple extension rights. Novare will likelh exercise those options, a spokesman said. Bowers’ downtowjn buildings, 270 Peachtree and Five Points Plaza, have loansd scheduled to mature in the next six according tothe database.
The loan backe d by the 23-story 270 Peachtree has a $33 millioh balance. The loan backed by Five PointsPlazaz — which houses the Atlantaa Department of Housing and Urban Development has a $12 million balance. When asked aboutg the maturing debt, Bowers would say only, “I’vwe got it taken care of.” The first signds of trouble in Atlanta’z commercial real estate market came earlier this year when Equastons Real Estate Investment Advisors could no longe r pay tenant improvement allowances at theEquitabld Building. Equastone purchased the buildingfor $57 million in but was unable to generates sufficient income on it as vacanct soared to nearly 30 percent.
“Everyone is waiting for the commercial real estat e shoeto drop,” Mixson said. “And maturingf defaults are going to be thebig question. But, the lenders seem willing to work withthe owners.”
Wednesday, January 2, 2013
Regulators order SouthBank to consider sale or merger - Denver Business Journal:
hydiuco.blogspot.com
The Office of Thrift Supervision signed the supervisory agreement with SouthBank onMay 21. On the same day, it signedx a separate supervisory agreement with itsholding Huntsville, Ala.-based Commonwealth Savingshares Corp., and a more serioua cease and desist order with its sister SouthBank of Huntsville. The Palm Beach Gardens-based bank only had $24.6 million in assets as of March 31. It had capitap ratios in excess ofregulatory requirements. The OTS agreement said the bank failed to comply with the requirementsa of lawsand regulations, thougy it didn’t specify which ones, and failef in the areas of risk management, operational managementy and correcting deficiencies.
It told the bank it must submit a plan to becomde viable asa stand-alone without dependinv on its sister institution or parenft holding company. The order also placed restrictions onthe bank’w growth and the hiring of executive Danny Wiginton, the chairman and CEO of both SouthBanks, did not immediatelyy return a call seeking comment.
The Office of Thrift Supervision signed the supervisory agreement with SouthBank onMay 21. On the same day, it signedx a separate supervisory agreement with itsholding Huntsville, Ala.-based Commonwealth Savingshares Corp., and a more serioua cease and desist order with its sister SouthBank of Huntsville. The Palm Beach Gardens-based bank only had $24.6 million in assets as of March 31. It had capitap ratios in excess ofregulatory requirements. The OTS agreement said the bank failed to comply with the requirementsa of lawsand regulations, thougy it didn’t specify which ones, and failef in the areas of risk management, operational managementy and correcting deficiencies.
It told the bank it must submit a plan to becomde viable asa stand-alone without dependinv on its sister institution or parenft holding company. The order also placed restrictions onthe bank’w growth and the hiring of executive Danny Wiginton, the chairman and CEO of both SouthBanks, did not immediatelyy return a call seeking comment.
Tuesday, January 1, 2013
Changes Coming to Virginia's Method of Allocating Electoral Votes? - Sun Gazette
jaqezuweg.blogspot.com
Changes Coming to Virginia's Method of Allocating Electoral Votes? Sun Gazette Legislation introduced in the General Assembly would remove the winner-take-all nature of Virginia's electoral votes, and begin allocating them based on election returns by congressional districts. The measure was introduced by state Sen. Charles ... |
Subscribe to:
Posts (Atom)