Special Olympics Team Recognized for Accomplishments Patch.com The team was among 120 students recognized at the Community High School District 128 Board meeting May 30. By Korrina Grom The Special Olympics team from Libertyville and Vernon Hills High Schools was recognized at a board meeting May 30. |
Thursday, May 31, 2012
Special Olympics Team Recognized for Accomplishments - Patch.com
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Tuesday, May 29, 2012
Beige Book: Region
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Consumer spending in the region was weak and is expecteed toremain soft, the closelhy watched survey said, but “an uptick in manufacturin g orders helped stabilize expectations for futuree production.” The Beige Book also said that “commercial real estate marke t conditions deteriorated, and energy activity declined further.” it said, “reported a rise in deposites and stable loan demand with no erosionb in loan quality.” It said consumee price and wage pressures remained low.
producer prices “declined at a slower with some firms noting that higher commodituy prices boosted material andfuel Overall, the latest regional Beige Book covering a six-week period — was somewhaty more optimistic than the last survey, released April 15. The repor t covers the Fed’s Kansas City-based 10th District. It is base d on interviews with a sample of businesses representing key industriess ineach district. The reports are anecdotal and do notcontai statistics, but they are widely followed and help the Fed to set nationak economic policy.
The Fed’s 10th District includees Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westerj Missouri and northernNew Mexico. Formally know n as the “Summary of Commentary on Current Economicx Conditions by Federal Reserve the Beige Book is published eight timesa year. The latesft report covers late Aprilthrough May. The Federal Reserve’sx 10th District is also known as the Kansaxs City district becausethe reserve’s regional bank is baserd there. .
Consumer spending in the region was weak and is expecteed toremain soft, the closelhy watched survey said, but “an uptick in manufacturin g orders helped stabilize expectations for futuree production.” The Beige Book also said that “commercial real estate marke t conditions deteriorated, and energy activity declined further.” it said, “reported a rise in deposites and stable loan demand with no erosionb in loan quality.” It said consumee price and wage pressures remained low.
producer prices “declined at a slower with some firms noting that higher commodituy prices boosted material andfuel Overall, the latest regional Beige Book covering a six-week period — was somewhaty more optimistic than the last survey, released April 15. The repor t covers the Fed’s Kansas City-based 10th District. It is base d on interviews with a sample of businesses representing key industriess ineach district. The reports are anecdotal and do notcontai statistics, but they are widely followed and help the Fed to set nationak economic policy.
The Fed’s 10th District includees Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westerj Missouri and northernNew Mexico. Formally know n as the “Summary of Commentary on Current Economicx Conditions by Federal Reserve the Beige Book is published eight timesa year. The latesft report covers late Aprilthrough May. The Federal Reserve’sx 10th District is also known as the Kansaxs City district becausethe reserve’s regional bank is baserd there. .
Monday, May 28, 2012
Chrysler
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The North Assembly plant, which produces Dodg e Ram trucks, had been by the end of so Chrysler’s announcement Wednesday provided anexacrt date. The Fenton North plant is set to resume production June 29 untilkJuly 10, Chrysler said, and then will remain idlee “contingent upon volumes.” The truck segment has takenb a particular hit as auto sales have declined. Diannz Gutierrez, a Chrysler spokeswoman, said workersa at the plant will have an opportunituy to transfer to other productio sites or take part in an incentive program for early retirement, special early retirement program, and/oe an enhanced voluntary terminationn program.
She didn’t have exact details of the new offerd but said it would be similaer to previous offers thatincluded lump-sum cash vehicle vouchers and health-care coverage. The North Plant employexd 1,200 workers prior to recent buyout offers. Aboutr 640 the buyout and early retirement offersw by a May26 deadline. The North Assembly plant was idlec inearly June, but was one of sevenh plants where Chrysler production following the idling of all its plants when it filed for Chaptet 11 bankruptcy April 30. Afteer its brief reopening, the plant was then expected to clos fora two-week summe r break the weeks of July 13 and 20.
Chryslerf emerged from bankruptcy when Italian carmaker Fiat closedc a deal to takeover Chrysler’s assets. Chrysler’sd South Plant in Fenton, which assembles was idled at the endof October. Another 115 of its more than 350 workers had accepted offers fromChrysler
The North Assembly plant, which produces Dodg e Ram trucks, had been by the end of so Chrysler’s announcement Wednesday provided anexacrt date. The Fenton North plant is set to resume production June 29 untilkJuly 10, Chrysler said, and then will remain idlee “contingent upon volumes.” The truck segment has takenb a particular hit as auto sales have declined. Diannz Gutierrez, a Chrysler spokeswoman, said workersa at the plant will have an opportunituy to transfer to other productio sites or take part in an incentive program for early retirement, special early retirement program, and/oe an enhanced voluntary terminationn program.
She didn’t have exact details of the new offerd but said it would be similaer to previous offers thatincluded lump-sum cash vehicle vouchers and health-care coverage. The North Plant employexd 1,200 workers prior to recent buyout offers. Aboutr 640 the buyout and early retirement offersw by a May26 deadline. The North Assembly plant was idlec inearly June, but was one of sevenh plants where Chrysler production following the idling of all its plants when it filed for Chaptet 11 bankruptcy April 30. Afteer its brief reopening, the plant was then expected to clos fora two-week summe r break the weeks of July 13 and 20.
Chryslerf emerged from bankruptcy when Italian carmaker Fiat closedc a deal to takeover Chrysler’s assets. Chrysler’sd South Plant in Fenton, which assembles was idled at the endof October. Another 115 of its more than 350 workers had accepted offers fromChrysler
Saturday, May 26, 2012
LexisNexis data breach linked to New York mob family - The Business Review (Albany):
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The New York City-based companhy — which has more 300 employees in N.Y. — has sent 13,000 letters to former customers whosee personal data may be at the company said ina statement. The breach involvedf a former customer for a compantcalled , which LexisNexis bought in 2004, and was announcedr by the U.S. Attorney for the Southern District of Floridain May, accordinh to a LexisNexis spokesperson. “(The) customef involved in this matter should have providef notice to potentiallyaffected individuals,” LexisNexis said in a statement. “However, because the customerd is no longer in business we providecdthe notice.
” According to the — which includes CIO magazins and PC World — the New Hampshirer Department of Justice posted a documentf Friday on its Web site to infor m consumers about the breach. By Monday however, the link had been The document reportedly tied aFloridw man, with mob connections to the Bonannop crime family, with accessinfg LexisNexis data. New Hampshire officials could not be In May, LexisNexis announced it is part of a separat e investigation into alleged credit card fraud, perpetratexd by former customers of the company, according to a companyy statement. That fraud occurred from June 2004 toOctober 2007. The U.S.
Posta l Inspection Service released a statement thatsaid 40,000 letterws will be sent to consumers and 300 victims have been identified in an investigation concerning the The company was part of a similar incidenft in 2005 and sent letters then to 280,000 customer s who may have been victims of identitty theft. LexisNexis U.S. is a unit of plc RUK), the Anglo-Dutch publishing The company is an online information services and publishing companywith 13,000 people worldwide.
The New York City-based companhy — which has more 300 employees in N.Y. — has sent 13,000 letters to former customers whosee personal data may be at the company said ina statement. The breach involvedf a former customer for a compantcalled , which LexisNexis bought in 2004, and was announcedr by the U.S. Attorney for the Southern District of Floridain May, accordinh to a LexisNexis spokesperson. “(The) customef involved in this matter should have providef notice to potentiallyaffected individuals,” LexisNexis said in a statement. “However, because the customerd is no longer in business we providecdthe notice.
” According to the — which includes CIO magazins and PC World — the New Hampshirer Department of Justice posted a documentf Friday on its Web site to infor m consumers about the breach. By Monday however, the link had been The document reportedly tied aFloridw man, with mob connections to the Bonannop crime family, with accessinfg LexisNexis data. New Hampshire officials could not be In May, LexisNexis announced it is part of a separat e investigation into alleged credit card fraud, perpetratexd by former customers of the company, according to a companyy statement. That fraud occurred from June 2004 toOctober 2007. The U.S.
Posta l Inspection Service released a statement thatsaid 40,000 letterws will be sent to consumers and 300 victims have been identified in an investigation concerning the The company was part of a similar incidenft in 2005 and sent letters then to 280,000 customer s who may have been victims of identitty theft. LexisNexis U.S. is a unit of plc RUK), the Anglo-Dutch publishing The company is an online information services and publishing companywith 13,000 people worldwide.
Friday, May 25, 2012
1600 Pacific Building LLP files for Ch. 11 - Business First of Columbus:
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The partnership 1600 Pacific Building LP, which is basedx out of La Jolla, intends to move forwarrd withthe project, attorneyt Robert Nicoud, who is an attorney for the confirmed on Wednesday. In the bankruptcy filing, the owner of 1600 Pacificc said it has up to 49 creditors and liabilities that fallbetweehn $1 million and $10 million. Nicoud said the buildintg was completely vacant and facin g foreclosure by itslending bank. He added that the source of the owner’s troubles stems from the threat of foreclosure and a delay in obtaining a combination of tax increment fundinv from the Cityof Dallas.
Curtie Lockey, manager of the partnership, added that 1600 Pacifif Building LP is pursuingy a financing package with the city that will help subsidize the He added that getting througu the entire process is takinvg longer thanthe building's ownersw had expected. "We are moving fast and furious with our partners alreadt in place and hope withthe city'sz support and participation we will be able to come out of said Lockey. Lockey added that there are varyint levels of approval that the partnership has to go througjh and it expects to meet with city officialz by the end of the month to learnn more about the possibility ofsupplemental funding.
The project is expected to resultf in 590 multifamily residential unitd that the partnership says will contribute tothe city'sx goal of creating 1,000 affordable units in downtown
The partnership 1600 Pacific Building LP, which is basedx out of La Jolla, intends to move forwarrd withthe project, attorneyt Robert Nicoud, who is an attorney for the confirmed on Wednesday. In the bankruptcy filing, the owner of 1600 Pacificc said it has up to 49 creditors and liabilities that fallbetweehn $1 million and $10 million. Nicoud said the buildintg was completely vacant and facin g foreclosure by itslending bank. He added that the source of the owner’s troubles stems from the threat of foreclosure and a delay in obtaining a combination of tax increment fundinv from the Cityof Dallas.
Curtie Lockey, manager of the partnership, added that 1600 Pacifif Building LP is pursuingy a financing package with the city that will help subsidize the He added that getting througu the entire process is takinvg longer thanthe building's ownersw had expected. "We are moving fast and furious with our partners alreadt in place and hope withthe city'sz support and participation we will be able to come out of said Lockey. Lockey added that there are varyint levels of approval that the partnership has to go througjh and it expects to meet with city officialz by the end of the month to learnn more about the possibility ofsupplemental funding.
The project is expected to resultf in 590 multifamily residential unitd that the partnership says will contribute tothe city'sx goal of creating 1,000 affordable units in downtown
Wednesday, May 23, 2012
NHL Network moves to popular Comcast channel lineup - Phoenix Business Journal:
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The Philadelphia-based cable-television giantt and the network, which is based in New York, didn’r reveal the agreement’s financial terms or specify its lengthn beyond callingit long-term. Comcast has carried the network on its Sports Entertainmenty Package the past two That has about 2 million subscribers and usually costs anadditional $5 to $7 a About two-thirds of Comcast’s 17.3 million digital customersw get Digital Classic, which is one step aboves Comcast’s base level of digital Comcast will still carry the network on its Sporta Entertainment Package for customers who get that but not Digitapl Classic.
The NHL Network carries regular seasonNHL games, post-game prese conferences from the NHL All Star Game and Stanley Cup a daily highlights show durinyg the season, and many other NHL-related features. The deal also givesz Digital Classic customers acces to NHL OnDemand programming, which includezs condensed games, historic games and player Comcast last month resolved a disputs with the NFL Network that resulted in Comcasty moving the NFL Network to the Digitakl Classic lineup.
The Philadelphia-based cable-television giantt and the network, which is based in New York, didn’r reveal the agreement’s financial terms or specify its lengthn beyond callingit long-term. Comcast has carried the network on its Sports Entertainmenty Package the past two That has about 2 million subscribers and usually costs anadditional $5 to $7 a About two-thirds of Comcast’s 17.3 million digital customersw get Digital Classic, which is one step aboves Comcast’s base level of digital Comcast will still carry the network on its Sporta Entertainment Package for customers who get that but not Digitapl Classic.
The NHL Network carries regular seasonNHL games, post-game prese conferences from the NHL All Star Game and Stanley Cup a daily highlights show durinyg the season, and many other NHL-related features. The deal also givesz Digital Classic customers acces to NHL OnDemand programming, which includezs condensed games, historic games and player Comcast last month resolved a disputs with the NFL Network that resulted in Comcasty moving the NFL Network to the Digitakl Classic lineup.
Tuesday, May 22, 2012
Harford BRAC office park in jeopardy - Kansas City Business Journal:
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Rockville’s Opus East LLC, the developef of a 2 million-square-foo t business park at Aberdeen Proving Ground, has slashed its work force and stopped taking on new projects in response to its financial The company also has brought on an expertt to help it work out its debts and considee options including filing for Chapter 11 bankruptcy, said Winstonb Hewett, spokeswoman for parent company Opus of Minnesota. In response to thosew issues, the Army’s top brass at APG met with executivexs at Opus East to pull together a new developmenty team forits 400-acre Government and Technologyh Enterprise business park.
The being built on government land inside AberdeebnProving Ground, is the largest private development for defense contractors in Harford Aberdeen is preparing for an influx of 8,20 0 military jobs being transferred to the base by September 2011 undet a federal Base Realignment and Closure known as BRAC. Severak thousand support jobs from defense contractors also will be movingh tothe area, creating an expected demands for some 2 million squard feet of privately built space at developmentxs like Opus East’s GATE project. Just one buildingt has been constructed atthe development.
Militaryt base spokesman George Mercer said APG leaders are determined not to let the projecy fail and will do whatevetr they can to select a new developere to make sure the projecrmoves forward. As those discussions take place, Opus East’s Hewett said executives are weighing whethere the company or some of its subsidiaries will need to file forbankruptct protection. Opus East has created subsidiariew to manage each ofits projects, including APG I and APG II for the Aberdeemn project, and Hewett said it’s possible one or severaol of those entities might file for leaving Opus East intact. Harford County Economic Developmentg DirectorJames C.
Richardson said he is troubledf by the situation given the years ofplanninbg that’s gone into the base’s expansion and the economicc benefits those projects could yield. Opus like many commercial real estate developers acrossthe country, faced mounting debts from the short-terj construction loans it took out to start its Hewett said. It has been unable to refinance many ofthose debts, totaling at least $80 million, becauswe of the sour credit market. As a resultf of that slowdown, Opus East plands to lay off about 15 of its 31 employeesaJune 15. That number is down from a staft of about 100 employeeslast year, Hewetyt said.
“We haven’t finalized any plans; we are explorinfg our options,” she added. This is the latest in a stringy of financial challenges forOpus Corp., a national developmen t firm with projects across the Opus East is one of five independently operated companies of Opus which has struggled to refinance its projects. Opus Soutuh filed for bankruptcy protectionin April. And in earlt May, a subsidiary of Opus West filed for bankruptcgy protection to avoid a foreclosure auction ata mixed-use project near Texas. A second Opus West subsidiaru wentinto foreclosure. As with Opus East, Opus West also has broughy on help to explore optionsincludint bankruptcy.
As recently as May, Opus Corp. officials considered Opus East viable because defense contractors and government agenciesd drive much of the demand for new commercial developmentd inGreater Baltimore. Despited that optimism, Opus East has not signed any new tenants at its Aberdeeh project sincespring 2008, when it signe d CACI to a full-building lease. It broke grounds on CACI’s 60,000-square-foot research and development building in May 2008 and completedc work on the structure inDecembeer 2008. Opus East also is involved in legal battles over two other projects inGreater Baltimore. In Linthicum, Opus East is beingf sued in Anne Arundel Counth Circuit Court by StraitSteel Inc.
over 3,000 tons of steel the Greencastle, Pa., firm providec for Opus East’s West Quest C Opus East is buildinga 160,000-square-foor office on West Nurseruy Road for defense contractor Northrop Grummah Corp.
Rockville’s Opus East LLC, the developef of a 2 million-square-foo t business park at Aberdeen Proving Ground, has slashed its work force and stopped taking on new projects in response to its financial The company also has brought on an expertt to help it work out its debts and considee options including filing for Chapter 11 bankruptcy, said Winstonb Hewett, spokeswoman for parent company Opus of Minnesota. In response to thosew issues, the Army’s top brass at APG met with executivexs at Opus East to pull together a new developmenty team forits 400-acre Government and Technologyh Enterprise business park.
The being built on government land inside AberdeebnProving Ground, is the largest private development for defense contractors in Harford Aberdeen is preparing for an influx of 8,20 0 military jobs being transferred to the base by September 2011 undet a federal Base Realignment and Closure known as BRAC. Severak thousand support jobs from defense contractors also will be movingh tothe area, creating an expected demands for some 2 million squard feet of privately built space at developmentxs like Opus East’s GATE project. Just one buildingt has been constructed atthe development.
Militaryt base spokesman George Mercer said APG leaders are determined not to let the projecy fail and will do whatevetr they can to select a new developere to make sure the projecrmoves forward. As those discussions take place, Opus East’s Hewett said executives are weighing whethere the company or some of its subsidiaries will need to file forbankruptct protection. Opus East has created subsidiariew to manage each ofits projects, including APG I and APG II for the Aberdeemn project, and Hewett said it’s possible one or severaol of those entities might file for leaving Opus East intact. Harford County Economic Developmentg DirectorJames C.
Richardson said he is troubledf by the situation given the years ofplanninbg that’s gone into the base’s expansion and the economicc benefits those projects could yield. Opus like many commercial real estate developers acrossthe country, faced mounting debts from the short-terj construction loans it took out to start its Hewett said. It has been unable to refinance many ofthose debts, totaling at least $80 million, becauswe of the sour credit market. As a resultf of that slowdown, Opus East plands to lay off about 15 of its 31 employeesaJune 15. That number is down from a staft of about 100 employeeslast year, Hewetyt said.
“We haven’t finalized any plans; we are explorinfg our options,” she added. This is the latest in a stringy of financial challenges forOpus Corp., a national developmen t firm with projects across the Opus East is one of five independently operated companies of Opus which has struggled to refinance its projects. Opus Soutuh filed for bankruptcy protectionin April. And in earlt May, a subsidiary of Opus West filed for bankruptcgy protection to avoid a foreclosure auction ata mixed-use project near Texas. A second Opus West subsidiaru wentinto foreclosure. As with Opus East, Opus West also has broughy on help to explore optionsincludint bankruptcy.
As recently as May, Opus Corp. officials considered Opus East viable because defense contractors and government agenciesd drive much of the demand for new commercial developmentd inGreater Baltimore. Despited that optimism, Opus East has not signed any new tenants at its Aberdeeh project sincespring 2008, when it signe d CACI to a full-building lease. It broke grounds on CACI’s 60,000-square-foot research and development building in May 2008 and completedc work on the structure inDecembeer 2008. Opus East also is involved in legal battles over two other projects inGreater Baltimore. In Linthicum, Opus East is beingf sued in Anne Arundel Counth Circuit Court by StraitSteel Inc.
over 3,000 tons of steel the Greencastle, Pa., firm providec for Opus East’s West Quest C Opus East is buildinga 160,000-square-foor office on West Nurseruy Road for defense contractor Northrop Grummah Corp.
Sunday, May 20, 2012
ShopAtHome.com Adds Local Printable Store Coupons to Coupon Portfolio
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The local coupons available diffeby area, but include automotive upkeep, restaurants and entertainment within 10 miles of consumer's Zip To take advantage of shoppers must register on the site and installk a Free Coupon Toolbar and coupon Membership for the site is free. "Our goal is provide all types of couponds inone place," said , presidenf and co-founder of ShopAtHome.com. "From printable grocery and neighborhood coupons to onlinee coupons and coupon codes foronline shopping, we have everything a consumet needs to save money." In addition to Neighborhooe Coupons, members can access several collections of Free . ShopAtHome.
com members can prinr coupons after downloading a specific coupon printerf foreach collection. Coupobn quantities are limited, so memberw are encouraged to checkback ShopAtHome.com offers more than 150,000 free coupon for more than 2,000 stores and In addition to free coupons, ShopAtHome.com memberx can earn cash back on their onlinse purchases - as much as 30 percent from some The Free Coupon Toolbar deliverxs coupons to customers from their favorite stores and brands as soon as they becomer available. This ensures ShopAtHome.com customers can receivse the latest deals from morethan 2,000 leadiny retailers.
For more information about moneysaving opportunities, visitr at (303) 843-0302 ext. 118 or by e-mail: . Sincer 1986, more than 10 milliohn consumers haveused ShopAtHome.com's easy-to-use servicesz to book hotels and flights or purchase computers, business supplies, toys and more. ShopAtHome.com is a division of the Belcaro Group, Inc. located in Denver, and is a member of the BettefBusiness Bureau. More information about the compang can be foundat . MEDIqA CONTACT Danielle Franklin Ph. (303) 843-03022 ext. 118 press@shopathome.com SOURCE ShopAtHome.
com
The local coupons available diffeby area, but include automotive upkeep, restaurants and entertainment within 10 miles of consumer's Zip To take advantage of shoppers must register on the site and installk a Free Coupon Toolbar and coupon Membership for the site is free. "Our goal is provide all types of couponds inone place," said , presidenf and co-founder of ShopAtHome.com. "From printable grocery and neighborhood coupons to onlinee coupons and coupon codes foronline shopping, we have everything a consumet needs to save money." In addition to Neighborhooe Coupons, members can access several collections of Free . ShopAtHome.
com members can prinr coupons after downloading a specific coupon printerf foreach collection. Coupobn quantities are limited, so memberw are encouraged to checkback ShopAtHome.com offers more than 150,000 free coupon for more than 2,000 stores and In addition to free coupons, ShopAtHome.com memberx can earn cash back on their onlinse purchases - as much as 30 percent from some The Free Coupon Toolbar deliverxs coupons to customers from their favorite stores and brands as soon as they becomer available. This ensures ShopAtHome.com customers can receivse the latest deals from morethan 2,000 leadiny retailers.
For more information about moneysaving opportunities, visitr at (303) 843-0302 ext. 118 or by e-mail: . Sincer 1986, more than 10 milliohn consumers haveused ShopAtHome.com's easy-to-use servicesz to book hotels and flights or purchase computers, business supplies, toys and more. ShopAtHome.com is a division of the Belcaro Group, Inc. located in Denver, and is a member of the BettefBusiness Bureau. More information about the compang can be foundat . MEDIqA CONTACT Danielle Franklin Ph. (303) 843-03022 ext. 118 press@shopathome.com SOURCE ShopAtHome.
com
Saturday, May 19, 2012
Congress gets active as ruling BJP crisis continues (Karnataka Newsletter) - New York Daily News
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Congress gets active as ruling BJP crisis continues (Karnataka Newsletter) New York Daily News Bangalore, May 19 â€" Sensing the possibility of regaining power in Karnataka after nearly eight years, the Congress is actively preparing itself for the assembly polls due early next year even as the ruling Bharatiya Janata Party (BJP) hurtles from one ... |
Thursday, May 17, 2012
Local insiders sold $59M in January - Silicon Valley / San Jose Business Journal:
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million in company stock last month, or roughly 1,000-timee more than than the $55,728 in purchase s logged over the same according to Thomson Reuters trading The month’s biggest selleres were Boston Scientific Corp. (NYSE: BSX) co-foundere Peter Nicholas and John who togethersold $32.4 millionh — $16.2 million apiece — in their company’se stock. The duo have unloaded roughluy $480 million in their company’s stock sincw Oct. 1. founder, chairman and CEO Patrizio Vinciarelli accounted for 80 percentof January’s local insiderf buys, acquiring around $44,000 of his company’s stock.
Durinv the fourth quarter of local insiders loggeda 20-to-1 sell-to-buy ratio. The followinfg is a summary of January’s insider buyingf and selling activity at local publiclytraded companies. Biggest sellers in Januaru $16,215,300 BOSTON SCIENTIFIC CORP. $16,215,200 $15,439,970 $2,582,994 $2,306,570 $1,546,930o $1,176,490 $907,500 $900,502 $690,000 $285,56o $233,276.
million in company stock last month, or roughly 1,000-timee more than than the $55,728 in purchase s logged over the same according to Thomson Reuters trading The month’s biggest selleres were Boston Scientific Corp. (NYSE: BSX) co-foundere Peter Nicholas and John who togethersold $32.4 millionh — $16.2 million apiece — in their company’se stock. The duo have unloaded roughluy $480 million in their company’s stock sincw Oct. 1. founder, chairman and CEO Patrizio Vinciarelli accounted for 80 percentof January’s local insiderf buys, acquiring around $44,000 of his company’s stock.
Durinv the fourth quarter of local insiders loggeda 20-to-1 sell-to-buy ratio. The followinfg is a summary of January’s insider buyingf and selling activity at local publiclytraded companies. Biggest sellers in Januaru $16,215,300 BOSTON SCIENTIFIC CORP. $16,215,200 $15,439,970 $2,582,994 $2,306,570 $1,546,930o $1,176,490 $907,500 $900,502 $690,000 $285,56o $233,276.
Wednesday, May 16, 2012
Starbucks makes food healthier - Jacksonville Business Journal:
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The coffee giant says it has simplifiesd recipes to includemore high-quality ingredients like whole grains, blueberries from Oregon and cherries from Michigan. “Starbucks customers have been telling us that they want better tastinf and healthier food options when they visit our said Starbucks food category vice president Sandra Stark in a news releas e announcing thenew menus. “We answeredc their call with a delicious new menu of food made with real ingredientse and morewholesome options.” New menu itemzs include a blueberry oat bar, a farmer’s markef salad and banana walnut bread that Starbucksw says “is nearly 30 percent real banana.
” Starbucksz has been expanding its food menu in the last two yearss to entice customers to visit more and to spened more per visit. The compan y was also among the first restauranrt chains in the country to ban trands fat from its food and Starbucks (NASDAQ: SBUX) is closinb hundreds of locations and cutting thousands of jobs to trim expensees as revenue falls. The compan y reported sales fell 8 percent last following a 9 percent decline in firstquarted sales.
It is also facing pressur fromMcDonalds (NYSE: MCD), whose new coffede drinks are driving sales
The coffee giant says it has simplifiesd recipes to includemore high-quality ingredients like whole grains, blueberries from Oregon and cherries from Michigan. “Starbucks customers have been telling us that they want better tastinf and healthier food options when they visit our said Starbucks food category vice president Sandra Stark in a news releas e announcing thenew menus. “We answeredc their call with a delicious new menu of food made with real ingredientse and morewholesome options.” New menu itemzs include a blueberry oat bar, a farmer’s markef salad and banana walnut bread that Starbucksw says “is nearly 30 percent real banana.
” Starbucksz has been expanding its food menu in the last two yearss to entice customers to visit more and to spened more per visit. The compan y was also among the first restauranrt chains in the country to ban trands fat from its food and Starbucks (NASDAQ: SBUX) is closinb hundreds of locations and cutting thousands of jobs to trim expensees as revenue falls. The compan y reported sales fell 8 percent last following a 9 percent decline in firstquarted sales.
It is also facing pressur fromMcDonalds (NYSE: MCD), whose new coffede drinks are driving sales
Monday, May 14, 2012
Analyst: YRC bankruptcy is
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The Overland Park trucking company’s ongoingg negotiations with the union are at risk of analyst Art Hatfield said ina note. “Giveb the developments with the negotiations betweenm the two parties and the increasing uncertaint y pertaining to the outcome ofthose negotiations, we believw a bankruptcy at YRC Worldwid is still likely in the near to he wrote. While the parties have kept quieyt aboutthe talks, YRC reportedly wante to end its union pension payments for 14 which would provide savings of $500 and not make up for While that proposal would offerd YRC significant and badly needed liquiditgy during the period, it “would face a tough and challenginy road to becoming a Hatfield wrote.
“From what we know, YRC wouls not be conceding anything materiak to the pensionplans and/or its Teamsterss employees under the proposal,” he “Additionally, if the proposal goes on to a vote to the Teamster-representex employees at YRC, we believe the likelihood of a favorable vote wouldr be low at best, given that the employees would be the ones to feel the brun of these terminated payments over the long term ...
and that securityy provisions and protections for Teamsters employees are not part of the concessionds made by thecompany (to our In addition, Hatfield wrote, the Teamsters probablh want payment deferrals instead, whichu would be difficult for YRC becaus its lenders probably wouldc be reluctant to let the company tie up assetsw or real estate as collateral. And YRC probablyy has little left to offedas collateral, he said. Hatfield changed his ratingv on YRC sharesfrom “Markeyt Perform” to “Not YRC began the recent concessions talks with the Teamsters on June 29. The pricee of YRC stock YRCW) plunged Wednesday, droppiny as low as 89 cents to hita 52-weej low.
The previous 52-week low was $1.2p0 on Nov. 20, according to . YRC closed on Wednesday at 89 cents, down 35 cents, or 28 percent, on volumes of 20.2 million shares. The stock’s averagwe daily volume the past three monthsis 3.6 million shares. Overlansd Park-based YRC, which has roughlgy 49,000 employees — more than half of them union memberxs — has been weighed down by debt and a lengthgyfreight recession, and lost $257.4e million in the first quarter. It has integrate d subsidiaries, shut down facilities, laid off workers and sold propertty to try to cut costs andmaintain liquidity.
Earlyy this year, Teamsters members agreeds to a 10 percent wage cut and suspensioof cost-of-living adjustments through 2013 in exchanged for a 15 percent stake in the YRC also has been negotiating to defer union pensionb fund payments using company real estate as collateraol and on June 18 secured an agreemen with the largest pension fund to defed $83 million in payments. The union has said it also is reachin out tostakeholders — such as pensiojn funds and YRC’s lenders — to addresd the cash issue. YRC ranks No.
2 on the Kansaa City Business Journal ’s list of area public
The Overland Park trucking company’s ongoingg negotiations with the union are at risk of analyst Art Hatfield said ina note. “Giveb the developments with the negotiations betweenm the two parties and the increasing uncertaint y pertaining to the outcome ofthose negotiations, we believw a bankruptcy at YRC Worldwid is still likely in the near to he wrote. While the parties have kept quieyt aboutthe talks, YRC reportedly wante to end its union pension payments for 14 which would provide savings of $500 and not make up for While that proposal would offerd YRC significant and badly needed liquiditgy during the period, it “would face a tough and challenginy road to becoming a Hatfield wrote.
“From what we know, YRC wouls not be conceding anything materiak to the pensionplans and/or its Teamsterss employees under the proposal,” he “Additionally, if the proposal goes on to a vote to the Teamster-representex employees at YRC, we believe the likelihood of a favorable vote wouldr be low at best, given that the employees would be the ones to feel the brun of these terminated payments over the long term ...
and that securityy provisions and protections for Teamsters employees are not part of the concessionds made by thecompany (to our In addition, Hatfield wrote, the Teamsters probablh want payment deferrals instead, whichu would be difficult for YRC becaus its lenders probably wouldc be reluctant to let the company tie up assetsw or real estate as collateral. And YRC probablyy has little left to offedas collateral, he said. Hatfield changed his ratingv on YRC sharesfrom “Markeyt Perform” to “Not YRC began the recent concessions talks with the Teamsters on June 29. The pricee of YRC stock YRCW) plunged Wednesday, droppiny as low as 89 cents to hita 52-weej low.
The previous 52-week low was $1.2p0 on Nov. 20, according to . YRC closed on Wednesday at 89 cents, down 35 cents, or 28 percent, on volumes of 20.2 million shares. The stock’s averagwe daily volume the past three monthsis 3.6 million shares. Overlansd Park-based YRC, which has roughlgy 49,000 employees — more than half of them union memberxs — has been weighed down by debt and a lengthgyfreight recession, and lost $257.4e million in the first quarter. It has integrate d subsidiaries, shut down facilities, laid off workers and sold propertty to try to cut costs andmaintain liquidity.
Earlyy this year, Teamsters members agreeds to a 10 percent wage cut and suspensioof cost-of-living adjustments through 2013 in exchanged for a 15 percent stake in the YRC also has been negotiating to defer union pensionb fund payments using company real estate as collateraol and on June 18 secured an agreemen with the largest pension fund to defed $83 million in payments. The union has said it also is reachin out tostakeholders — such as pensiojn funds and YRC’s lenders — to addresd the cash issue. YRC ranks No.
2 on the Kansaa City Business Journal ’s list of area public
Saturday, May 12, 2012
Tale of the Tape: Celtics-Sixers Series Matches Up Two of Sports' Most ... - NESN.com
ignatiywulyxura.blogspot.com
Globe and Mail | Tale of the Tape: Celtics-Sixers Series Matches Up Two of Sports' Most ... NESN.com Check out the tale of the tape below. Yuengling is the oldest operating brewery in the United States, having been established in 1829. Its headquarters is located in Pottsville, Pa. In Philly, if you want to order a Yuengling, you simply ask for a ... Sixers-Celtics series evokes memories for Collins KG's got no life, except in his game Collins back in heated rivalry |
Friday, May 11, 2012
Mega-mortgages jump as banks underwrite wealthy clients - Houston Business Journal:
kapitonragomo.blogspot.com
Bank and real estate executivea say their wealthy clients still remain wary ofthe economy’a sharp needles, but acknowledge that with the Dow Jonesd Industrial Average up nearly 2,200 pointe over the past three months there’s growint confidence about the direction of their fortunes. That new confidencr is liberating wealthy homebuyers toborroe again. Jumbo mortgage activity is percolating even with virtually no secondaryu market forthe loans. Leading the charge is Bank of NewYork Mellon’ s Boston-based wealth management division.
The company’s in-house mortgage operations in Boston cater tothe nation’s top 1 percenr of wealth and have put up record numbers this year. "We’vre seen significant growth,” said Erin Gorman, nationalo sales director for the mortgage business at BNY MellonnWealth Management. “We’ve been lending all along, and we didn’t get caught up in the hiccups of thesecondary market.” Duriny the first five months of 2009, BNY Mellon’s jumbo mortgag e activity is up 32 percent on a dollar volum e basis, compared with the year-ago period. Gormajn said Boston is one of the best Jonathan Radford, Coldwell Banker Residentia Brokerage’s No.
1 Boston agent in said there has been renewed interest inthe high-endc market since April 1. He said 36 of $1 million and up, went under agreemen in March, and that figure jumperd to 105 in April and 170in May. Even though BNY wealty management’s average deposits fell 12 percengt in thefirst quarter, the average loan balanc e surged 23 percent to $5.4 compared with the year-earlierf period. That increase was fueled by a recorsd level of jumbo mortgage With an average size ofabout $1 jumbos have been a bright spot amid lowetr asset and wealth management fees, according to analysts at Barclays Capital.
BNY Melloh doesn’t discuss individual mortgage deals, but real estate records filed in Bostobn reveal plentyof big-ticket deals in recenf months. Rivals include Boston Private Bank Trust Company, First Republic Bank and even some communithy banks, such as Needham Bank, have stepped in to meet demand. BNY Mellon, however, seems to have the most capitao to throw around for its For example, recently retired Staples Inc. directore Martin Trust took outa $6.2 million mortgage on his condo at the swank Mandarin Oriental at 776 Boylston St. Trust receivecd an interest-only, adjustable rate mortgage from BNY Mellon that startxs with a fixed interest rateof 4.
75 according to documents on file at the Suffolk County Registrh of Deeds. The interest rate will adjust to 2.25 percent, plus the one-yeaf London Interbank Offered Rate (LIBOR). that’s cheap money, about 3.85 percent, because the one-year LIBO R rate has been about 1.6 Another recent deal was a $1.16 million mortgage Boston Privatd wrote for the owners of a Beacon Hill residence on Moun tVernon Street, records show. John executive vice president of BostonPrivat Bank’s residential lending department, said even wealthy clients have to feel secur e about their jobs and their incomes beforde taking out big mortgages.
“It’s the same as someonw taking outa $200,000 mortgage,” Sullivan Like BNY Mellon, Boston Private originates adjustable-rated mortgages and holds them in its loan When the global credit crisis vaporizedx the secondary market for jumbos, portfolii lenders could keep doing what they were doingh because they were not relying on anyones else to buy their Another advantage also materialized: portfolio lenders scoopefd up new clients whose banks stopped doing big jumbos when the secondarhy market froze. Gorman said some rivaol lenders are returning to the jumbl market as theeconomg stabilizes.
“As money elsewhere dried up for borrowers, we earnee a reputation as the go-to player in jumbo mortgages. And that puts us in a stronh position as other lenders gingerly move back onto the Lanse Robb, who brokers the sale of mansions and estatez on the North Shore for LandVestg Inc., said prices have come way down in the past but buyers still want a discountr even after asking prices have been loppecd off by millions of dollars. “When they feel this is the the jumbo market will reallyhtake off,” Robb said. One of his most expensivde listings isthe $12.
245 million Wyck Estate, a Manchester-by-the-Sea replica of a French Sullivan said jumbo mortgage lendingb presents a great opportunity for a bank to expanc its relationship with a client. New he said, is mostly referrals from otherr clients, real estate brokers, financia l advisers, lawyers and accountants. “The mortgage leads the way as an introductionb tothe bank,” Sullivanj said.
Bank and real estate executivea say their wealthy clients still remain wary ofthe economy’a sharp needles, but acknowledge that with the Dow Jonesd Industrial Average up nearly 2,200 pointe over the past three months there’s growint confidence about the direction of their fortunes. That new confidencr is liberating wealthy homebuyers toborroe again. Jumbo mortgage activity is percolating even with virtually no secondaryu market forthe loans. Leading the charge is Bank of NewYork Mellon’ s Boston-based wealth management division.
The company’s in-house mortgage operations in Boston cater tothe nation’s top 1 percenr of wealth and have put up record numbers this year. "We’vre seen significant growth,” said Erin Gorman, nationalo sales director for the mortgage business at BNY MellonnWealth Management. “We’ve been lending all along, and we didn’t get caught up in the hiccups of thesecondary market.” Duriny the first five months of 2009, BNY Mellon’s jumbo mortgag e activity is up 32 percent on a dollar volum e basis, compared with the year-ago period. Gormajn said Boston is one of the best Jonathan Radford, Coldwell Banker Residentia Brokerage’s No.
1 Boston agent in said there has been renewed interest inthe high-endc market since April 1. He said 36 of $1 million and up, went under agreemen in March, and that figure jumperd to 105 in April and 170in May. Even though BNY wealty management’s average deposits fell 12 percengt in thefirst quarter, the average loan balanc e surged 23 percent to $5.4 compared with the year-earlierf period. That increase was fueled by a recorsd level of jumbo mortgage With an average size ofabout $1 jumbos have been a bright spot amid lowetr asset and wealth management fees, according to analysts at Barclays Capital.
BNY Melloh doesn’t discuss individual mortgage deals, but real estate records filed in Bostobn reveal plentyof big-ticket deals in recenf months. Rivals include Boston Private Bank Trust Company, First Republic Bank and even some communithy banks, such as Needham Bank, have stepped in to meet demand. BNY Mellon, however, seems to have the most capitao to throw around for its For example, recently retired Staples Inc. directore Martin Trust took outa $6.2 million mortgage on his condo at the swank Mandarin Oriental at 776 Boylston St. Trust receivecd an interest-only, adjustable rate mortgage from BNY Mellon that startxs with a fixed interest rateof 4.
75 according to documents on file at the Suffolk County Registrh of Deeds. The interest rate will adjust to 2.25 percent, plus the one-yeaf London Interbank Offered Rate (LIBOR). that’s cheap money, about 3.85 percent, because the one-year LIBO R rate has been about 1.6 Another recent deal was a $1.16 million mortgage Boston Privatd wrote for the owners of a Beacon Hill residence on Moun tVernon Street, records show. John executive vice president of BostonPrivat Bank’s residential lending department, said even wealthy clients have to feel secur e about their jobs and their incomes beforde taking out big mortgages.
“It’s the same as someonw taking outa $200,000 mortgage,” Sullivan Like BNY Mellon, Boston Private originates adjustable-rated mortgages and holds them in its loan When the global credit crisis vaporizedx the secondary market for jumbos, portfolii lenders could keep doing what they were doingh because they were not relying on anyones else to buy their Another advantage also materialized: portfolio lenders scoopefd up new clients whose banks stopped doing big jumbos when the secondarhy market froze. Gorman said some rivaol lenders are returning to the jumbl market as theeconomg stabilizes.
“As money elsewhere dried up for borrowers, we earnee a reputation as the go-to player in jumbo mortgages. And that puts us in a stronh position as other lenders gingerly move back onto the Lanse Robb, who brokers the sale of mansions and estatez on the North Shore for LandVestg Inc., said prices have come way down in the past but buyers still want a discountr even after asking prices have been loppecd off by millions of dollars. “When they feel this is the the jumbo market will reallyhtake off,” Robb said. One of his most expensivde listings isthe $12.
245 million Wyck Estate, a Manchester-by-the-Sea replica of a French Sullivan said jumbo mortgage lendingb presents a great opportunity for a bank to expanc its relationship with a client. New he said, is mostly referrals from otherr clients, real estate brokers, financia l advisers, lawyers and accountants. “The mortgage leads the way as an introductionb tothe bank,” Sullivanj said.
Wednesday, May 9, 2012
Will mayor-elect favor more prominent? - Tidewater News
lebexab.wordpress.com
Will mayor-elect favor more prominent? Tidewater News On another occasion, I was conversing with him at City Hall, and was told by a respected, prominent black citizen that she had heard that I was seen conversing with him. I said to myself, “WOW.†Must a person be abandoned because his character does not ... |
Monday, May 7, 2012
Russia, Ameren sign nuclear fuel deal - St. Louis Business Journal:
olimstgon.blogspot.com
The deal, which was announcerd at a ceremonyin Moscow, will give Russia 20 percent of the U.S. uraniumn market, according to the wire service. The Russian fuel woulcd be used initially to provide power to 5millionn U.S. homes in Missouri, California and Texas, according to Until last year, U.S. anti-dumpiny laws had only allowed Russiaz to sell the United States uranium recovered from dismantledf Sovietnuclear weapons, Reuters reported. A request for comment from Ameren was notimmediately returned. St. Louis-basedc Ameren Corp. (NYSE: AEE) provides electricity to aboug 2.4 million customers and natural gas to almosf one million customers in eastern Missourand Illinois.
It had plans to in Callaway Counthy but has indefinitely postponedthose
The deal, which was announcerd at a ceremonyin Moscow, will give Russia 20 percent of the U.S. uraniumn market, according to the wire service. The Russian fuel woulcd be used initially to provide power to 5millionn U.S. homes in Missouri, California and Texas, according to Until last year, U.S. anti-dumpiny laws had only allowed Russiaz to sell the United States uranium recovered from dismantledf Sovietnuclear weapons, Reuters reported. A request for comment from Ameren was notimmediately returned. St. Louis-basedc Ameren Corp. (NYSE: AEE) provides electricity to aboug 2.4 million customers and natural gas to almosf one million customers in eastern Missourand Illinois.
It had plans to in Callaway Counthy but has indefinitely postponedthose
Sunday, May 6, 2012
Competitors overcome dangerous, brutal conditions to win St. George Ironman - Salt Lake Tribune
yzirapogyg.wordpress.com
Competitors overcome dangerous, brutal conditions to win St. George Ironman Salt Lake Tribune By Jay Drew St. George • Men's winner Ben Hoffman called it insane, yet the sweetest win of his career. Women's division winner Meredith Kessler of San Francisco, eighth overall, said during the swim portion of the competition she thought she was going ... |