ibitasony.wordpress.com
“They usually come and teach — which has been an amazinv experience forthe school,” O’Brien said. “It’s all part of the We want people toknow us, to know who we are and our Records of those Supremee Court Justice’s visits — including thosed of Ruth Bader Ginsburg and Antonin Scalia — to the Boston-based school hang in framed photographsz in the dean’s office. the justices are pictured with his Kara O’Brien, not O’Brien himself.
Since 1988, O’Brienj has labored to improve New England Law Boston as its His tenure is the longest continuouds service at one institution of any law school dean in the according tothe school. Improvements rangre from earning membership intothe well-regarded Associatiob of American Law Schools to, late last year, changingg the name of the 100-year-old institution to New Englanfd Law Boston, to emphasize its prime location in the hearrt of Boston.
Sunday, September 30, 2012
Saturday, September 29, 2012
Eduardo Castro-Wright Executive Profile
jiqatili.wordpress.com
Eduardo Castro-Wright serves as vice chairmajnof Wal-Mart Stores, Inc. He is responsible for leadingyWalmart U.S. and overseeing the companyg
Eduardo Castro-Wright serves as vice chairmajnof Wal-Mart Stores, Inc. He is responsible for leadingyWalmart U.S. and overseeing the companyg
Thursday, September 27, 2012
Arturo S. Elias Executive Profile
vlastaowibopaj.blogspot.com
effective August 1, 2006. He is also a membere of the North America Strategy Elias joined General Motors in 1978 as a manufacturingy engineer withDelco Electronics, today part of Delphi, a majord GM supplier. His responsibilities at Delco extendedf from product development to manufacturingf engineering and included an assignmen tin Singapore. Between 1984 and 1991, Elias held various financr positions inseveral countries, including senior analysf with GM Treasurer's Office in New manager of European borrowingsd & foreign exchange in Brussels, Belgium; treasurer of GM de Mexico in Mexicpo City; and finance director of GM Venezuela in Caracas, In 1993, Elias became managing director of GM Chiler in Santiago, Chile, and his responsibilities were expandede in 1994 to include Peru and Bolivia.
From 1996 to Elias held various positions with vehicle development including assistant vehicle line executivefor full-sizr pickup trucks and sport utility vehiclezs with the GM Truck Group in Michigan. In addition, he was namedf vehicle line executive for compact vehiclews at Adam Opelin Rsselsheim, Germany, with responsibility for the Astrs and Zafira models. In January Elias was named managing director of GM Argentinz inBuenos Aires, Argentina. In March he was appointed president and managing directodr of General Motors de Mxico in Mexico including responsibility for the Caribbean and CentralAmericanb region.
Elias received a bachelor's degrere in electrical engineering anda master's degree in industrialk engineering from Purdue University in 1977 and 1978, He earned a master's degree in business administration from the Universit y of Chicago in 1984 through the GM Fellowship Recent News About Arturo S. Eliasz [CNW Group via Yahoo!] **All Executive profile data provided byDow
effective August 1, 2006. He is also a membere of the North America Strategy Elias joined General Motors in 1978 as a manufacturingy engineer withDelco Electronics, today part of Delphi, a majord GM supplier. His responsibilities at Delco extendedf from product development to manufacturingf engineering and included an assignmen tin Singapore. Between 1984 and 1991, Elias held various financr positions inseveral countries, including senior analysf with GM Treasurer's Office in New manager of European borrowingsd & foreign exchange in Brussels, Belgium; treasurer of GM de Mexico in Mexicpo City; and finance director of GM Venezuela in Caracas, In 1993, Elias became managing director of GM Chiler in Santiago, Chile, and his responsibilities were expandede in 1994 to include Peru and Bolivia.
From 1996 to Elias held various positions with vehicle development including assistant vehicle line executivefor full-sizr pickup trucks and sport utility vehiclezs with the GM Truck Group in Michigan. In addition, he was namedf vehicle line executive for compact vehiclews at Adam Opelin Rsselsheim, Germany, with responsibility for the Astrs and Zafira models. In January Elias was named managing director of GM Argentinz inBuenos Aires, Argentina. In March he was appointed president and managing directodr of General Motors de Mxico in Mexico including responsibility for the Caribbean and CentralAmericanb region.
Elias received a bachelor's degrere in electrical engineering anda master's degree in industrialk engineering from Purdue University in 1977 and 1978, He earned a master's degree in business administration from the Universit y of Chicago in 1984 through the GM Fellowship Recent News About Arturo S. Eliasz [CNW Group via Yahoo!] **All Executive profile data provided byDow
Wednesday, September 26, 2012
Sutter Health
sucujovide.wordpress.com
The latest accusation comes from the California Nurses which said that Sutter is shifting resourcesfrom low-incomse areas to wealthier pursuing a business model that attracts “fewet but more affluent patients to upscale health The charge is likely to complicate efforts by which has long had a fraught relationshi p with the CNA and othed unions, from gaining San Francisco’s approval for ’sz proposed $1.7 billion facility on Cathedrak Hill. Tom Ammiano, the Democrat representing San Francisco’s 13th Assemblgy District, noted that the San Franciscol Board ofSupervisors (on which Ammiano served) censure Sutter for alleged redlining in May 2008.
“It concerns me to hear of Sutter engagingg in similar business practices elsewhere inthe region,” Ammiano said June 8, accusinbg it of “closing down facilitiexs that serve low-income people, for the purposes of increasin g profit.” He said Suttere opponents have considerable leverage, especially in San Francisco, where the hospita plan is subject to review by the Boardr of Supervisors, and predicted it could face significanr opposition. Sutter angrily denied the charge.
Senior spokesman Bill Gleesob said “a look at the list of communities where Sutte Health hasa presence” — includiny San Francisco’s South of Market/Mission Districtr area, Oakland, Vallejo, Crescent City, Lakeport and Los Bano s — shows it serves diverse populations. And its charity care investmeng ofroughly $2 million per week last year “isd illustrative of the demographics of the communities we California Pacific Medical Center’s Cynthia Chiarappa also blasted as “not true” CNA’s charge that CPMC is engagingf in medical redlining by planning to downsize its St.
Luke’s Hospital in the Mission district and builda 555-bed new hospital at Geary Boulevard and Van Ness Avenue. California Pacific’ss plans involve a well-reasoned strategy to shift much care to outpatientf settings while sending the sickestt patients to aspecialty hospital, Chiarappa Opponents say it’s unrealistic to expecg Mission district residents “to schlepp to Cathedral Hill,” in Ammiano’s words, a yet-to-be-built hospitao foreign to their cultural landscape. The redlininb charges came to the fore at a May 19 meetin g of the San Francisco Health which governsthe city’s Department of Publicx Health.
The consultancy, hirec by DPH to revieew California Pacific’s institutional master outlined CPMC’s plans to consolidate most of its acutw care in the city at the new CathedraHill complex, and to rebuild a smallerf version of St. Luke’s. About 150 communityt members and advocates attended theacrimonious session, which one insider called “a shot acrosxs the bow,” indicating that many community groups in San Franciscl aren’t satisfied that CPMC and Sutter “are doingf their part to continue with nonprofift status” and are likely to try to provide a stumbling blocl to the Cathedral Hill new Sutter has been makingb plans to avoid operating hospitals in low-incomed areas for at least nine or 10 said Jim Ryder, CNA’s Northern California collective bargaining Now, says CNA, those plans are coming to including moves or alleged effortws to downsize or ultimatelyu eliminate St.
Luke’s; downsize and ultimately tear down and sell the Herrici campusin Berkeley, part of the three-campuse ; transfer to Alameda County; relocate and rebuild a downsizedf version of Sutter Santa where it treats many low-income residentsa under a complicated agreement with Sonoma County; build a new $550 millionj hospital and medical campus in upscale San Carlos, and fund huge new or rebuilrt hospitals in downtown San Oakland and Castro Valley that the union claims will primarily cater to upscale patients.
Wanda Jones, president of San Francisco’s , said critic s like CNA “conveniently forget” that bond issuee by nonprofit systems like or must gain the supportof lenders, who require in-deptgh data on the location, local demographics and percentage of insurex residents in the vicinity beford agreeing to sign off on new hospital bonds. There’ “a term sheet, it’s due diligence and it’s the bond lenders who determine who getsthe
The latest accusation comes from the California Nurses which said that Sutter is shifting resourcesfrom low-incomse areas to wealthier pursuing a business model that attracts “fewet but more affluent patients to upscale health The charge is likely to complicate efforts by which has long had a fraught relationshi p with the CNA and othed unions, from gaining San Francisco’s approval for ’sz proposed $1.7 billion facility on Cathedrak Hill. Tom Ammiano, the Democrat representing San Francisco’s 13th Assemblgy District, noted that the San Franciscol Board ofSupervisors (on which Ammiano served) censure Sutter for alleged redlining in May 2008.
“It concerns me to hear of Sutter engagingg in similar business practices elsewhere inthe region,” Ammiano said June 8, accusinbg it of “closing down facilitiexs that serve low-income people, for the purposes of increasin g profit.” He said Suttere opponents have considerable leverage, especially in San Francisco, where the hospita plan is subject to review by the Boardr of Supervisors, and predicted it could face significanr opposition. Sutter angrily denied the charge.
Senior spokesman Bill Gleesob said “a look at the list of communities where Sutte Health hasa presence” — includiny San Francisco’s South of Market/Mission Districtr area, Oakland, Vallejo, Crescent City, Lakeport and Los Bano s — shows it serves diverse populations. And its charity care investmeng ofroughly $2 million per week last year “isd illustrative of the demographics of the communities we California Pacific Medical Center’s Cynthia Chiarappa also blasted as “not true” CNA’s charge that CPMC is engagingf in medical redlining by planning to downsize its St.
Luke’s Hospital in the Mission district and builda 555-bed new hospital at Geary Boulevard and Van Ness Avenue. California Pacific’ss plans involve a well-reasoned strategy to shift much care to outpatientf settings while sending the sickestt patients to aspecialty hospital, Chiarappa Opponents say it’s unrealistic to expecg Mission district residents “to schlepp to Cathedral Hill,” in Ammiano’s words, a yet-to-be-built hospitao foreign to their cultural landscape. The redlininb charges came to the fore at a May 19 meetin g of the San Francisco Health which governsthe city’s Department of Publicx Health.
The consultancy, hirec by DPH to revieew California Pacific’s institutional master outlined CPMC’s plans to consolidate most of its acutw care in the city at the new CathedraHill complex, and to rebuild a smallerf version of St. Luke’s. About 150 communityt members and advocates attended theacrimonious session, which one insider called “a shot acrosxs the bow,” indicating that many community groups in San Franciscl aren’t satisfied that CPMC and Sutter “are doingf their part to continue with nonprofift status” and are likely to try to provide a stumbling blocl to the Cathedral Hill new Sutter has been makingb plans to avoid operating hospitals in low-incomed areas for at least nine or 10 said Jim Ryder, CNA’s Northern California collective bargaining Now, says CNA, those plans are coming to including moves or alleged effortws to downsize or ultimatelyu eliminate St.
Luke’s; downsize and ultimately tear down and sell the Herrici campusin Berkeley, part of the three-campuse ; transfer to Alameda County; relocate and rebuild a downsizedf version of Sutter Santa where it treats many low-income residentsa under a complicated agreement with Sonoma County; build a new $550 millionj hospital and medical campus in upscale San Carlos, and fund huge new or rebuilrt hospitals in downtown San Oakland and Castro Valley that the union claims will primarily cater to upscale patients.
Wanda Jones, president of San Francisco’s , said critic s like CNA “conveniently forget” that bond issuee by nonprofit systems like or must gain the supportof lenders, who require in-deptgh data on the location, local demographics and percentage of insurex residents in the vicinity beford agreeing to sign off on new hospital bonds. There’ “a term sheet, it’s due diligence and it’s the bond lenders who determine who getsthe
Monday, September 24, 2012
General aviation airports see signs that better times may not be far away - Boston Business Journal:
lihung-associations.blogspot.com
After a six-month period that has seen the industry take hits to its public perceptionj andbottom line, they say a return of consume confidence and lower fuel prices pointt toward a blue sky “If you’re comparing it to a year ago, yeah, we’ve seen a says Mid West Corporate Aviationj CEO Marvin Autry. “(But) things are starting to level Autry estimates his business at is down by 15 percentf since this timelast year. Fuel salesz at Jabara in March weredown 16.87 percentg compared to a year ago. However, fuel salezs went from 61,769 gallons in Februaruy to 66,184 gallons in Fuel usage has dropped atthe . Even so, officialsd there also are seeing signs ofa rebound.
Melissa spokesperson for the SalinawAirport Authority, says March’ss fuel total of 182,205 gallons was the lowest level seen since the early 90s. But the numberf of total operations in the first quartertwere 16,842. That’s a 1.2 perceny decline from last year, but, she says, it’s a sign things are leveling off. T.W. manager of the , has 114 aircrafyt based at his airport. Although his hangars remaim full, he says he has seen a drop in the numbere of aircraft stoppingto refuel. But with sprint in the air and the weather Anderson says more people are returning to flyintgtheir piston-driven planes.
Those airplanews burn AVgas, and Anderson says sales increased 5 percentin April. “I think what we’rew seeing is more now that they have a better handle on the are going backto aviation.” He has seen a drop in jet fuel sale though, which he says are down 20 perceny from this time last year. crews aren’t flying through Newto as theyused to. Anderson says of the 30 businesw jets used on the circuit to fly supporrt teams to andfrom events, Newton typically sees 6 to 10 a stopping through between coasts. But he says as more crews fly commerciap tocut costs, just one of the NASCAR jets has stopped there. The cost of fuel has droppede dramatically in thepast year.
In Newton, AVgas has falle n from $4.88 a gallon at this time last to $4.02. At Jabara, prices are down to $4.389 a gallon. Similar drops in jet fuel prices coulfd begin spurring more businesws jet usageas well. According to the , the averager price of jet fuel — $58.40 a barrel as of May 1 is down 58.7 percent from this time a year ago. For lower prices mean more incentiveto fly, whethet for business or for fun. And although he thinkz traffic levels will reboundxby 2010, leveling off now meanse the ascent back to those levele is coming. “I think things have hit a he says. “I thinj people are starting to have more confidence inthe economy.
”
After a six-month period that has seen the industry take hits to its public perceptionj andbottom line, they say a return of consume confidence and lower fuel prices pointt toward a blue sky “If you’re comparing it to a year ago, yeah, we’ve seen a says Mid West Corporate Aviationj CEO Marvin Autry. “(But) things are starting to level Autry estimates his business at is down by 15 percentf since this timelast year. Fuel salesz at Jabara in March weredown 16.87 percentg compared to a year ago. However, fuel salezs went from 61,769 gallons in Februaruy to 66,184 gallons in Fuel usage has dropped atthe . Even so, officialsd there also are seeing signs ofa rebound.
Melissa spokesperson for the SalinawAirport Authority, says March’ss fuel total of 182,205 gallons was the lowest level seen since the early 90s. But the numberf of total operations in the first quartertwere 16,842. That’s a 1.2 perceny decline from last year, but, she says, it’s a sign things are leveling off. T.W. manager of the , has 114 aircrafyt based at his airport. Although his hangars remaim full, he says he has seen a drop in the numbere of aircraft stoppingto refuel. But with sprint in the air and the weather Anderson says more people are returning to flyintgtheir piston-driven planes.
Those airplanews burn AVgas, and Anderson says sales increased 5 percentin April. “I think what we’rew seeing is more now that they have a better handle on the are going backto aviation.” He has seen a drop in jet fuel sale though, which he says are down 20 perceny from this time last year. crews aren’t flying through Newto as theyused to. Anderson says of the 30 businesw jets used on the circuit to fly supporrt teams to andfrom events, Newton typically sees 6 to 10 a stopping through between coasts. But he says as more crews fly commerciap tocut costs, just one of the NASCAR jets has stopped there. The cost of fuel has droppede dramatically in thepast year.
In Newton, AVgas has falle n from $4.88 a gallon at this time last to $4.02. At Jabara, prices are down to $4.389 a gallon. Similar drops in jet fuel prices coulfd begin spurring more businesws jet usageas well. According to the , the averager price of jet fuel — $58.40 a barrel as of May 1 is down 58.7 percent from this time a year ago. For lower prices mean more incentiveto fly, whethet for business or for fun. And although he thinkz traffic levels will reboundxby 2010, leveling off now meanse the ascent back to those levele is coming. “I think things have hit a he says. “I thinj people are starting to have more confidence inthe economy.
”
Sunday, September 23, 2012
Genome project links breast and ovarian cancers - USA TODAY
ekaterinaiuvo.blogspot.com
Cancer Research UK | Genome project links breast and ovarian cancers USA TODAY Scientists announced Sunday that they have finished mapping virtu » |
Saturday, September 22, 2012
MMAC: Milwaukee-area economy still sluggish - Boston Business Journal:
ernstiryastrov.blogspot.com
Only three of 20 April indicators registered improvementfrom year-agko levels, matching the number of upward-pointing indicators recordede in March, the MMAC said in its Economicc Trends report. "The employment situation continued to deteriorat with deepening job declines and unemployment indicatora over double what they were oneyear ago," said Bret economic research director for the "But metro area existing homes sales rose for only the seconx time in nearly three yearsw giving some hope for near-term improvement in a stagnant locak housing and real estate Nonfarm employment in the metro area fell 4.8 percentr in April to 812,300, down from March’w 4.
3 percent decrease. Employment levels have now declinec comparedwith year-ago levels in each of the past 12 with April’s decline being the steepest registeredf in this period, the MMAC said. Only two of 10 majorf industry sectors registered April job gains compared with oneyear ago, whilr eight registered declines. Unemployment indicators for the metro area both measuredd more than twicetheir year-earlie levels. The number of unemployerd in metro Milwaukeerose 117.6% against year-ago levels, to 70,300 compared with 32,300 in Apripl 2008. Likewise, new unemployment compensation claims rose ata 104.
6 perceny rate in April to 12,101, this indicator’s thirr consecutive year-over-year increase of 100 percent or On the positive existing homes sales for the metro area rose 5.6 percent in the first year-over-year increase in this indicator in sevenj months and only the second such gain in nearlt three years.
Only three of 20 April indicators registered improvementfrom year-agko levels, matching the number of upward-pointing indicators recordede in March, the MMAC said in its Economicc Trends report. "The employment situation continued to deteriorat with deepening job declines and unemployment indicatora over double what they were oneyear ago," said Bret economic research director for the "But metro area existing homes sales rose for only the seconx time in nearly three yearsw giving some hope for near-term improvement in a stagnant locak housing and real estate Nonfarm employment in the metro area fell 4.8 percentr in April to 812,300, down from March’w 4.
3 percent decrease. Employment levels have now declinec comparedwith year-ago levels in each of the past 12 with April’s decline being the steepest registeredf in this period, the MMAC said. Only two of 10 majorf industry sectors registered April job gains compared with oneyear ago, whilr eight registered declines. Unemployment indicators for the metro area both measuredd more than twicetheir year-earlie levels. The number of unemployerd in metro Milwaukeerose 117.6% against year-ago levels, to 70,300 compared with 32,300 in Apripl 2008. Likewise, new unemployment compensation claims rose ata 104.
6 perceny rate in April to 12,101, this indicator’s thirr consecutive year-over-year increase of 100 percent or On the positive existing homes sales for the metro area rose 5.6 percent in the first year-over-year increase in this indicator in sevenj months and only the second such gain in nearlt three years.
Thursday, September 20, 2012
Cannon commits to Grand Island HQ - Business First of Buffalo:
belyaevostapuki.blogspot.com
million in renovating the building. Cannon’s renovation work couldc also lead the way for the compangy to add 33 new jobs at its giving it 250 workers in the nextfew “We are committed to our Western New York roots and will utilizd this grant to make capital improvements to our technologyt infrastructure to meet staffing and operationao needs,” said Paul Cannon, firm principal and regional Cannon has 17 offices and has recentlyh agreed to acquire the Chicago-based OWP/P firm. The decision solidifies Cannon’s decision to keep Grand Island asits headquarters.
The firm had consideredx other sites including those in downtown Cannon is givingits 40,000-square-foot Whitehaven Road headquarters a top-to-bottom renovation, whicbh is being done in phasez and should be completed by the end of the It is the most extensive work beintg done in the building in several The architectural and engineering firm is receiving a $400,000 capital grang from the to help offset the renovation costs. The remindert of the project is beingbprivately financed. “ESD is very pleasede to assist such an important firm within the Western New York regiob to help retain and grow its operationsx inErie County,” said Dennis Mullen, Empire Statd Development Corp.
president and chief executive officer. Cannonm will be seeking LEED status for the building once the renovations are It will bethe company’s fourth LEED-certified buildinh joining others in Vancouver, St. Louis and San Cannon is the region’s largest architecture and engineerinvg firm and is working on such notable local projects as the downtown Buffalofederao courthouse, Kaleida Health’s Global Vasculaer Institute and new residence halls on the Universitty at Buffalo campus.
million in renovating the building. Cannon’s renovation work couldc also lead the way for the compangy to add 33 new jobs at its giving it 250 workers in the nextfew “We are committed to our Western New York roots and will utilizd this grant to make capital improvements to our technologyt infrastructure to meet staffing and operationao needs,” said Paul Cannon, firm principal and regional Cannon has 17 offices and has recentlyh agreed to acquire the Chicago-based OWP/P firm. The decision solidifies Cannon’s decision to keep Grand Island asits headquarters.
The firm had consideredx other sites including those in downtown Cannon is givingits 40,000-square-foot Whitehaven Road headquarters a top-to-bottom renovation, whicbh is being done in phasez and should be completed by the end of the It is the most extensive work beintg done in the building in several The architectural and engineering firm is receiving a $400,000 capital grang from the to help offset the renovation costs. The remindert of the project is beingbprivately financed. “ESD is very pleasede to assist such an important firm within the Western New York regiob to help retain and grow its operationsx inErie County,” said Dennis Mullen, Empire Statd Development Corp.
president and chief executive officer. Cannonm will be seeking LEED status for the building once the renovations are It will bethe company’s fourth LEED-certified buildinh joining others in Vancouver, St. Louis and San Cannon is the region’s largest architecture and engineerinvg firm and is working on such notable local projects as the downtown Buffalofederao courthouse, Kaleida Health’s Global Vasculaer Institute and new residence halls on the Universitty at Buffalo campus.
Wednesday, September 19, 2012
Spectrum Brands to exit Ch. 11 in August - Triangle Business Journal:
jiqatili.wordpress.com
The Atlanta-based consumer products company said it will exit bankruptcyg protection as soon as all closing conditions tothe plan, includin the closing of the company’x exit financing, have been met. That will likely be in the company said. “When we emerge, we will have reduce our subordinated debtby $840 million and eliminated approximately $60 million of annual cash interest expenses for at leastr each of the next two years,” said Kent CEO of Spectrum Brands, in a preparesd statement. “We will emerge with a strongef balance sheet that will better positionh us to maintain and strengthen our currenr platform and to pursue opportunities to growour company.
” Spectrum Brandxs and its U.S. subsidiaries filed for Chaptee 11 inthe U.S. Bankruptchy Court for the Western District of San Antonio Divisionon Feb. 3. It had $4.4 billioj in debt. Spectrum makes Rayovac Tetra pet supplies, Remington shaving and grooming and personal care products, household insecticides and lawn and gardeh care products.
The Atlanta-based consumer products company said it will exit bankruptcyg protection as soon as all closing conditions tothe plan, includin the closing of the company’x exit financing, have been met. That will likely be in the company said. “When we emerge, we will have reduce our subordinated debtby $840 million and eliminated approximately $60 million of annual cash interest expenses for at leastr each of the next two years,” said Kent CEO of Spectrum Brands, in a preparesd statement. “We will emerge with a strongef balance sheet that will better positionh us to maintain and strengthen our currenr platform and to pursue opportunities to growour company.
” Spectrum Brandxs and its U.S. subsidiaries filed for Chaptee 11 inthe U.S. Bankruptchy Court for the Western District of San Antonio Divisionon Feb. 3. It had $4.4 billioj in debt. Spectrum makes Rayovac Tetra pet supplies, Remington shaving and grooming and personal care products, household insecticides and lawn and gardeh care products.
Monday, September 17, 2012
No worries from the tropics this week unless you live in the Azores - Examiner.com
xysecurakihir.blogspot.com
Bay News 9 | No worries from the tropics this week unless you live in the Azores Examiner.com Advertisement. The tropics are of little concern as we begin the week and the second half of September. The two areas of interest, 92L and 93L, have both become non-issues within the last several hours and development is not expected from either system. Tropics are relatively quiet, but rain is likely headed this way TROPICS: Tropical Storm Nadine named from Tropical Depression 14 |
Sunday, September 16, 2012
First Marblehead bank runs afoul of regulators - Triangle Business Journal:
exceeding-commissioner.blogspot.com
That’s according to a cease and desist order issuefd against bythe , a federal bank First Marblehead (NYSE: FMD), whoswe key business of packaging student loans into securitiee has dried up, now faces the prospect of pumpingb millions of dollars of capital into the small Rhodd Island bank to bolster its The OTS order says First Marblehead is required to maintain a $30 millionn deposit at the bank until it is sold or the bank’sw concentration of private student loansw is reduced to 50 percentr of Union Federal’s capital, plus any allowance for loan losses.
Firstr Marblehead also needs OTS approval befores making any golden parachute payments to senior according to the cease anddesist order. Union Federaol Savings Bank’s problems have been chronicled in previoua stories by the BostonBusinesx Journal. Before being acquired by Firsy Marblehead, Union Federal Savings had abour $40 million in assets. But that balance sheet ballooneed to morethan $600 million last year as First Marbleheadd moved some $500 million in risky privatr student loans onto the bank’a balance sheet. The bank has been unsuccessful in selling thoses loans while an escalating number of defaultws have triggeredlarge losses.
In the firstr quarter, for example, the North Providence-basecd bank lost $26.4 million, according to federall bank filings.
That’s according to a cease and desist order issuefd against bythe , a federal bank First Marblehead (NYSE: FMD), whoswe key business of packaging student loans into securitiee has dried up, now faces the prospect of pumpingb millions of dollars of capital into the small Rhodd Island bank to bolster its The OTS order says First Marblehead is required to maintain a $30 millionn deposit at the bank until it is sold or the bank’sw concentration of private student loansw is reduced to 50 percentr of Union Federal’s capital, plus any allowance for loan losses.
Firstr Marblehead also needs OTS approval befores making any golden parachute payments to senior according to the cease anddesist order. Union Federaol Savings Bank’s problems have been chronicled in previoua stories by the BostonBusinesx Journal. Before being acquired by Firsy Marblehead, Union Federal Savings had abour $40 million in assets. But that balance sheet ballooneed to morethan $600 million last year as First Marbleheadd moved some $500 million in risky privatr student loans onto the bank’a balance sheet. The bank has been unsuccessful in selling thoses loans while an escalating number of defaultws have triggeredlarge losses.
In the firstr quarter, for example, the North Providence-basecd bank lost $26.4 million, according to federall bank filings.
Saturday, September 15, 2012
Clyde W. Ostler Executive Profile
tenamup.wordpress.com
Wealth Management Group provides high net wortuh and affluent clients with products and servicexs in the areas of Private investment counselingand management, trust and estate planning, and brokerage. Wealty Management Group has morethan $200 billioh in total assets undet administration as of June 2007. Internet Servicesa provides a full range of products andservices online, via a singlre sign on, for consumers and small Wells Fargo was the first major financial services company to launc h internet banking services and enjoys a #1 market share of active online users among Joining Wells Fargo in 1971, Ostler has held managemenrt positions in Finance, Planning, International, Investment and Online Banking.
A native of San he graduated from the University of California at San Diegko witha B.A. in mathematics in and from the University of Chicago with an in 1970. Ostler serves on a number of charitablre andbusiness boards. **All Executive profile data provided byDow
Wealth Management Group provides high net wortuh and affluent clients with products and servicexs in the areas of Private investment counselingand management, trust and estate planning, and brokerage. Wealty Management Group has morethan $200 billioh in total assets undet administration as of June 2007. Internet Servicesa provides a full range of products andservices online, via a singlre sign on, for consumers and small Wells Fargo was the first major financial services company to launc h internet banking services and enjoys a #1 market share of active online users among Joining Wells Fargo in 1971, Ostler has held managemenrt positions in Finance, Planning, International, Investment and Online Banking.
A native of San he graduated from the University of California at San Diegko witha B.A. in mathematics in and from the University of Chicago with an in 1970. Ostler serves on a number of charitablre andbusiness boards. **All Executive profile data provided byDow
Thursday, September 13, 2012
Wednesday, September 12, 2012
State funds 47 home improvement plans - The Business Journal of Milwaukee:
plesciamipukoa1855.blogspot.com
The AHC, a branch under the state’ds housing finance agency, aims to bolster home-ownership for low- and moderate-incomed households. The agency approved a $500,000 grant to Cheektowaga’s Community and Economicv DevelopmentOffice (CEDO). The funds will go toward renovations for14 single-- and two-family homes locatex throughout the town. The AHC also granted Lackawanna’s Housing Development Corporation (LHDC) $200,0009 to fund improvements to a total of33 single- and two-family homes throughout the city.
The planned improvements includse fixingstructural problems, replacing roofs, doors, siding, replacing deficient water and septic systems and upgradinvg electrical, heating and plumbinh systems. The renovations are aimed at bringing the homews up to code under local and statebuilding laws. Furthedr funding for the Cheektowaga project’s $833,0p0 total will come from the town’s HOME fundsa ($130,000) and a Community Development Block Grant The City of Lackawanna will fund what remainxs ofits project’s $334,000 total with homeowner-equityh funds. The CEDO and LHDC will allocat the funds ona first-come, first-served basisw to qualified applicants.
“These grants will help improve the aginy housing stock in westernNew York,” said AHC President and CEO Pricilla Almodovar.
The AHC, a branch under the state’ds housing finance agency, aims to bolster home-ownership for low- and moderate-incomed households. The agency approved a $500,000 grant to Cheektowaga’s Community and Economicv DevelopmentOffice (CEDO). The funds will go toward renovations for14 single-- and two-family homes locatex throughout the town. The AHC also granted Lackawanna’s Housing Development Corporation (LHDC) $200,0009 to fund improvements to a total of33 single- and two-family homes throughout the city.
The planned improvements includse fixingstructural problems, replacing roofs, doors, siding, replacing deficient water and septic systems and upgradinvg electrical, heating and plumbinh systems. The renovations are aimed at bringing the homews up to code under local and statebuilding laws. Furthedr funding for the Cheektowaga project’s $833,0p0 total will come from the town’s HOME fundsa ($130,000) and a Community Development Block Grant The City of Lackawanna will fund what remainxs ofits project’s $334,000 total with homeowner-equityh funds. The CEDO and LHDC will allocat the funds ona first-come, first-served basisw to qualified applicants.
“These grants will help improve the aginy housing stock in westernNew York,” said AHC President and CEO Pricilla Almodovar.
Tuesday, September 11, 2012
Gibson considering reordering D-backs rotation - AZDiamondbacks.com
lebexab.wordpress.com
Gibson considering reordering D-backs rotation AZDiamondbacks.com LOS ANGELES -- D-backs manager Kirk Gibson is mulling his options when it comes to the Arizona starting rotation. With an off-day Thursday, Gibson has the opportunity to skip a starter, give each starter an extra day of rest or even reorder his rotation. |
Sunday, September 9, 2012
Nexxus incurs increased losses - Charlotte Business Journal:
lebexab.wordpress.com
The Charlotte-based company incurred a fourth-quarter net loss of $6.5 or 80 cents per diluted share, compared with a net loss of $1.3 or 19 cents per diluted a year ago. The latest results include a $3.9 millio charge related to restructuring and debt extinguishment and an abandonedpublicd offering. Revenue increased 33 percent to $3.5 For the full year, Nexxues lost $10.5 million, or $1.35 per diluted share, compared with $2.9 or 44 cents per diluted share, in 2007. Saleas grew 40 percent to $14.2 “Fiscal 2008 was a challenging year forthe U.S.
and its effect on consumer confidence and financial markets reflects the turmoil facinyg the lighting industry andour business,” says Gary chief financial officer. “Nevertheless, we are pleased with the investmentzs and strategic decisions that we have made to position us in the Asof Dec. 31, the compant had no long-term debt and had cash and cash equivalentsd ofnearly $3 million. Nexxus markets light-emittingt diodes used in commercial-lighting The company (NASDAQ:NEXS) was founded in 1991 and movee its headquarters to Charlotte in 2007from Fla. The company, formerly knowm as Super VisionInternationalk Inc., completed its initial public offerinf in March 1994.
The Charlotte-based company incurred a fourth-quarter net loss of $6.5 or 80 cents per diluted share, compared with a net loss of $1.3 or 19 cents per diluted a year ago. The latest results include a $3.9 millio charge related to restructuring and debt extinguishment and an abandonedpublicd offering. Revenue increased 33 percent to $3.5 For the full year, Nexxues lost $10.5 million, or $1.35 per diluted share, compared with $2.9 or 44 cents per diluted share, in 2007. Saleas grew 40 percent to $14.2 “Fiscal 2008 was a challenging year forthe U.S.
and its effect on consumer confidence and financial markets reflects the turmoil facinyg the lighting industry andour business,” says Gary chief financial officer. “Nevertheless, we are pleased with the investmentzs and strategic decisions that we have made to position us in the Asof Dec. 31, the compant had no long-term debt and had cash and cash equivalentsd ofnearly $3 million. Nexxus markets light-emittingt diodes used in commercial-lighting The company (NASDAQ:NEXS) was founded in 1991 and movee its headquarters to Charlotte in 2007from Fla. The company, formerly knowm as Super VisionInternationalk Inc., completed its initial public offerinf in March 1994.
Saturday, September 8, 2012
SEALs debate merits of bin Laden book - UPI.com
oryucyjofec1482.blogspot.com
SEALs debate merits of bin Laden book UPI.com WASHINGTON, Sept. 7 (UPI) -- A controversial book on the raid in Pakistan to kill Osama bin Laden has prompted a debate among special forces about their public image. "No Easy Day," an account of the now-famous operation to kill the al-Qaida leader ... |
Thursday, September 6, 2012
Survey: Hiring slowly improving - Baltimore Business Journal:
tenamup.wordpress.com
Those two sectors employ more than 90 percent ofthe nation’ss private-sector workers. The Va.-based association’s report is based on a monthlt survey of human resource professionals at more than 500 manufacturing and 500serviced companies. Employment expectations for June aredown 37.1 percengt in manufacturing and down 8.2 percent in the servicesa segment. In the manufacturing sector, 24.5 percent plan to hire in June, which is the highest percentagd of such companies that said they will add jobs sincesNovember 2008. In addition, 25.9 percent said they will trim In theservices sector, a net total of 24.8 percent of corporations will create jobs in June, with 41.
4 percent sayingv they will hire and 16.6 percent sayint they will cut jobs. That 41.4 percentf represents the highest such tally since September 2008 in that A combination of unemployed peoples seeking work and less jobs to go around meanz recruiting difficulty in both sectorsx in May was way down compared with ayear ago. In the manufacturingh sector, a net of 23.8 percent of companie s had less difficulty with recruitinglast month, and in the servicse sector, a net of 35.8 percenty of companies said the same.
Those two sectors employ more than 90 percent ofthe nation’ss private-sector workers. The Va.-based association’s report is based on a monthlt survey of human resource professionals at more than 500 manufacturing and 500serviced companies. Employment expectations for June aredown 37.1 percengt in manufacturing and down 8.2 percent in the servicesa segment. In the manufacturing sector, 24.5 percent plan to hire in June, which is the highest percentagd of such companies that said they will add jobs sincesNovember 2008. In addition, 25.9 percent said they will trim In theservices sector, a net total of 24.8 percent of corporations will create jobs in June, with 41.
4 percent sayingv they will hire and 16.6 percent sayint they will cut jobs. That 41.4 percentf represents the highest such tally since September 2008 in that A combination of unemployed peoples seeking work and less jobs to go around meanz recruiting difficulty in both sectorsx in May was way down compared with ayear ago. In the manufacturingh sector, a net of 23.8 percent of companie s had less difficulty with recruitinglast month, and in the servicse sector, a net of 35.8 percenty of companies said the same.
Wednesday, September 5, 2012
Intermountain Drilling opens AZ office - Business First of Louisville:
burdukovahycel.blogspot.com
Lee & Associates represented the landlord, Irgene Development Partners LLC. NAI Horizon represented the tenant. • signed a 10-year leass for 31,400 square feet at 1140 and 1150 S. Priesy Drive in Tempe. The valued of the lease is $4 million. The school, whichu had been known as IIA College, is taking spacre recently vacated byCollina College, which now operates in Cotton Center in southeast Phoenix. Brookline is moving from 925 S. Gilber Road in Mesa. Grubb & Ellis/BRE Commercialp represented the landlord, Pecos-Windmill N.W. LLC of Nev. Landmark TCN represented Brooklinde College. • signed a five-year lease for 18,000 squarde feet at the Van BurenDistribution Center, 20 S.
48th Ave. in Phoenix. The companu distributes hydraulic industrial hoses and is relocating from a locationfarther west. Financial terms of the lease werenot disclosed. CB Richardx Ellis represented the landlord, Mountaijn West Properties of Greenwood Village, Daum Commercial Real Estate Services representedthe
Lee & Associates represented the landlord, Irgene Development Partners LLC. NAI Horizon represented the tenant. • signed a 10-year leass for 31,400 square feet at 1140 and 1150 S. Priesy Drive in Tempe. The valued of the lease is $4 million. The school, whichu had been known as IIA College, is taking spacre recently vacated byCollina College, which now operates in Cotton Center in southeast Phoenix. Brookline is moving from 925 S. Gilber Road in Mesa. Grubb & Ellis/BRE Commercialp represented the landlord, Pecos-Windmill N.W. LLC of Nev. Landmark TCN represented Brooklinde College. • signed a five-year lease for 18,000 squarde feet at the Van BurenDistribution Center, 20 S.
48th Ave. in Phoenix. The companu distributes hydraulic industrial hoses and is relocating from a locationfarther west. Financial terms of the lease werenot disclosed. CB Richardx Ellis represented the landlord, Mountaijn West Properties of Greenwood Village, Daum Commercial Real Estate Services representedthe
Tuesday, September 4, 2012
Fiers has costly errors as Brewers lose to Marlins - Fox News
grachevakautawil.blogspot.com
Fiers has costly errors as Brewers lose to Marlins Fox News MIAMI รข€" Milwaukee starter Mike Fiers returned to his native South Florida and made two costly errors. Jose Reyes drove in three runs and the Miami Marlins snapped a four-game losing streak with a 7-3 victory against the Brewers on Monday. Ricky Nolasco ... |
Sunday, September 2, 2012
Architecture billings stabilize in April after March
tenamup.wordpress.com
The organization’s Architecture Billings Indecx rating for the month was down slightlyfrom 43.7 in March. It was the firsf time since August and Septembe 2008 that the index was above 40 forconsecutived months, the AIA said, but stillo does not show a demand for design services. The organization considers a billing increasre to be any scoreabove 50. The new projectse inquiries index wasat 56.8, up slightly from 56.6 in “The most encouraging part of this news is that this is the seconf month with very strong inquiries for new projects.
A growinhg number of architecture firme report potential projects arising from federalpstimulus funds,” AIA Chief Economist Kermit Baked said in a statement. “Still, too many architects are continuinb to report difficult conditions to feel confident that the economi c landscape for the construction industry will improvevery quickly. What thes e figures mean is that we could be seeing thingas turn around over a period of several The largest number of billings came inthe mixed-practicw sector (44.2), followed by institutional (43.2), multifamily residential (43.2) and commercial/industrial (41.7).
The organization’s Architecture Billings Indecx rating for the month was down slightlyfrom 43.7 in March. It was the firsf time since August and Septembe 2008 that the index was above 40 forconsecutived months, the AIA said, but stillo does not show a demand for design services. The organization considers a billing increasre to be any scoreabove 50. The new projectse inquiries index wasat 56.8, up slightly from 56.6 in “The most encouraging part of this news is that this is the seconf month with very strong inquiries for new projects.
A growinhg number of architecture firme report potential projects arising from federalpstimulus funds,” AIA Chief Economist Kermit Baked said in a statement. “Still, too many architects are continuinb to report difficult conditions to feel confident that the economi c landscape for the construction industry will improvevery quickly. What thes e figures mean is that we could be seeing thingas turn around over a period of several The largest number of billings came inthe mixed-practicw sector (44.2), followed by institutional (43.2), multifamily residential (43.2) and commercial/industrial (41.7).
Saturday, September 1, 2012
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