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Although Mayor Adrian Fenty had wanted to fold the entirwe sports commission into the Washington ConventiohnCenter Authority, the 13-member council voted to move only the commission'd marketing and administrative arms to the The council moved the commission'z responsibility for maintaining RFK Stadium and the D.C. Armoru to the Office of Propertyu Management. The council also approver adding to new board membersw tothe authority: Emily president of the Hotel Association of D.C., and sports commission board member William a partner at Winston & Strawn LLP. The impetus for the change was the fact that the sports commission requireda $2.5 million subsidy to operate.
For the overall the council filledan $800 milliojn budget gap with a combination of staff fee increases and some program The council made a number of changes to educationh funding proposed by including increases to the funding formula for publixc charter schools and spending for early childhood It also cut $20 million from the summe youth employment program. “Mty colleagues have worked extremely hard and long on an end resulg that balances competing needs and preferenceas with thefinancial realities,” said Chairmamn Vincent Gray, D-at large, in a press release.
The budgett went through few major changesx after each ofthe council’s committees passed their respective budgets. It is now beintg transferred to Fentyfor approval.
Thursday, June 30, 2011
Tuesday, June 28, 2011
UCF proposes modified program cuts - Orlando Business Journal:
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UCF previously announced a proposal to delete several academic programs in responseto $77.2 million in state budget But a July 10 release said keeping statistics will preserve 12 faculty and two stafcf jobs and allow 75 students to continue in the Statistics will have to increase degree productionj and put a greater emphasisx on biostatistics and data “After further consideration in recent weeks, I believse a restructuring of statistics will allow us to preserved the program as long as it meets new productivity measures,” said UCF Provost and Executive Vice Presiden t Terry Hickey.
The suspension of actuarial sciences has the same personnel and instructional impactsas deletion, but allowzs the program to be reinstated later if Actuarial sciences would be phased out in two years. Both statisticxs and actuarial sciences are programs in the College of Since 2007, UCF has had $77.2 milliobn cut from its recurring state which includes a $38.3 million cut for the 2009-10p budget that took effect July 1. The remaining four programsz proposed forelimination are: cardiopulmonary sciences and radiologic sciences; engineerinb technology; and management information systems. The amende proposal involves 37 employees andabout 1,025 students. If the cuts would save UCF about $4.
6 Programs would be phased out over two and affected employees would remain with UCF untipl at least the end ofsprinb 2010. Affected students would be assisted with a path todegree completion. The UCF board of trustees will discusws the revised proposal at a committee meetingbJuly 13. Its educational programs committee will vote on whethefr to recommend the revised proposal to the full which will meet later in July to takeofficiak action.
No final decisions will be made at thiscommitteer meeting, which is open to the
UCF previously announced a proposal to delete several academic programs in responseto $77.2 million in state budget But a July 10 release said keeping statistics will preserve 12 faculty and two stafcf jobs and allow 75 students to continue in the Statistics will have to increase degree productionj and put a greater emphasisx on biostatistics and data “After further consideration in recent weeks, I believse a restructuring of statistics will allow us to preserved the program as long as it meets new productivity measures,” said UCF Provost and Executive Vice Presiden t Terry Hickey.
The suspension of actuarial sciences has the same personnel and instructional impactsas deletion, but allowzs the program to be reinstated later if Actuarial sciences would be phased out in two years. Both statisticxs and actuarial sciences are programs in the College of Since 2007, UCF has had $77.2 milliobn cut from its recurring state which includes a $38.3 million cut for the 2009-10p budget that took effect July 1. The remaining four programsz proposed forelimination are: cardiopulmonary sciences and radiologic sciences; engineerinb technology; and management information systems. The amende proposal involves 37 employees andabout 1,025 students. If the cuts would save UCF about $4.
6 Programs would be phased out over two and affected employees would remain with UCF untipl at least the end ofsprinb 2010. Affected students would be assisted with a path todegree completion. The UCF board of trustees will discusws the revised proposal at a committee meetingbJuly 13. Its educational programs committee will vote on whethefr to recommend the revised proposal to the full which will meet later in July to takeofficiak action.
No final decisions will be made at thiscommitteer meeting, which is open to the
Saturday, June 25, 2011
Business Alliance joins corporate tax fray - San Antonio Business Journal:
otomaqaqaba.blogspot.com
The proposal, put forward by House and Senatse Democrats, would boost the state’s corporatse minimum tax from thecurrent $10 level to betweenb $150, for companies earning less than and $100,000 for companiex earning more than $250 million. “The $10 Oregob corporate minimum tax has become a source of public scrutiny and wroteSteve Holwerda, the group'ws chair, in a news release. “We agree that the minimukm tax shouldbe adjusted, but believe the changez must be modest and reasonable as the minimum taxew all (C-corporations) whether they are profitabled or not.
” Holwerda, chief operating officer of Portland’s Fergusonb Wellman Capital Management, added that the proposapl “would be a major disincentive to operating a businessw in Oregon and is particularly harmful to businessexs that are already losing Holwerda sent a letter to the group's members a day after Democratw have revised a May proposal that would have charged a minimum between $250 and The group also called for the state to use rain day funds, reserve funds and stimuluse money to help solve Oregon’s $4.2 billion The group further expressed concern about “wha appears to be an sentiment” in Salem.
“Fot our state to be healthy, all sectorsx need to be successfuol and we need to join together to make that Holwerda said.
The proposal, put forward by House and Senatse Democrats, would boost the state’s corporatse minimum tax from thecurrent $10 level to betweenb $150, for companies earning less than and $100,000 for companiex earning more than $250 million. “The $10 Oregob corporate minimum tax has become a source of public scrutiny and wroteSteve Holwerda, the group'ws chair, in a news release. “We agree that the minimukm tax shouldbe adjusted, but believe the changez must be modest and reasonable as the minimum taxew all (C-corporations) whether they are profitabled or not.
” Holwerda, chief operating officer of Portland’s Fergusonb Wellman Capital Management, added that the proposapl “would be a major disincentive to operating a businessw in Oregon and is particularly harmful to businessexs that are already losing Holwerda sent a letter to the group's members a day after Democratw have revised a May proposal that would have charged a minimum between $250 and The group also called for the state to use rain day funds, reserve funds and stimuluse money to help solve Oregon’s $4.2 billion The group further expressed concern about “wha appears to be an sentiment” in Salem.
“Fot our state to be healthy, all sectorsx need to be successfuol and we need to join together to make that Holwerda said.
Thursday, June 23, 2011
Congregation Beth Shalom Rodfe Zedek Supports Area Youth - Hartford Courant
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Congregation Beth Shalom Rodfe Zedek Supports Area Youth Hartford Courant Standing in front of a "Tree of Life", Denise Learned, executive director of Camp Hazen YMCA, accepted a check from Rabbi Rachel Goldenberg of Congregation Beth Shalom Rodfe Zedek. This donation will provide financial assistance for youth from Chester, ... |
Tuesday, June 21, 2011
Clay & Land Insurance adds $25 million in deposits to MetLife Bank - bizjournals:
xszeyluje.blogspot.com
brought in nearly $25 million in deposits to MetLife Bank in 2008 as customerxs flocked to the safety and security of certificates of deposit and money It was a record year for the relationshipp that began three years ago when MetLifs approachedClay & Land, the third-largest property and casualtt insurance firm in Memphis, abouyt forming the relationship. About 300 new clients were brought into Clay Land through theMetLifse relationship, the firm says.
More than 95% of Clay Land’s deposits for MetLife are in CDs, with the averaged new customer havingalmost $82,000 in deposits last The fact that rates on some short-term CDs have dropped by as much as half, and long-ter m CDs are almost nonexistent, isn’t expected to slow that business, says Lynn an agent with Clay & Land who market s the firm’s MetLife Bank arrangement. MetLife Bank’ds 1-year CD rate is at 1.88%, with a minimum deposiy of $25,000, according to Bankrate.com. “We’re not as competitivd right now because thebank doesn’t need to Alford says. “They don’t need the funds.
” Interesrt rate cuts in the last quarter of 2008 by the Federalo Reserve trimmed the yields on CDs tobelowe 4%, making them less attractive for some banks. Not MetLife, which has kept rate “competitive” nationally, says MetLife spokesman Ted Mitchell, but not with the goal of tryinvg to havethe No. 1 CD rate in the MetLife has been plenty successfuk withthat strategy. MetLife Bank’s CD portfolio in the firstg quarter of 2009 wasat $3.1 billion, comparedf to $1.5 billion in the firs t quarter of 2008, Mitchell says. There are more than 100 MetLifs agents in the Memphis area licensefd tooffer CDs, money market and IRA Mitchell says.
Having the highest CD rate is not the primar y factor for aClay & Land customer, Alforx says — at least that’s not the approach in managing the relationship. “The peoplre we deal with are very, very Alford says. “They want to stay out of the Their clientele tends to be intheir 60s; they don’t have computers and don’ft bank online. They also are very skeptical andwant face-to-facer interaction, he says. “A lot of them don’t know who to trus t and need advice,” he says.
Alford and co-workeer Jan Bounds are focused on growing that base of CD customerws and trying to identify otherpotentiap investments, or converting CD or moneyu market funds into a more practical insurance product, like a long-termk care policy, Alford says. “There’s not a lot of money to be in (CDs), but we make the Alford says. That’s likely a good strategy. Lannty Mitchell, president of Memphis-based , is a former executiver who now markets deposit consulting service s tocommunity banks. Buildinvg a business based solely on offeringt the highest CDrates isn’t a very good Mitchell says.
“Bankers call it hot he says, because customers cash in on the rate then pull the money after maturity and move it to thenext shop. Well-managedd banks recognize that and work to make the most ofthe “Most banks don’t go that extra Mitchell says. “They don’t know how to leverage it where they haveothet business.”
brought in nearly $25 million in deposits to MetLife Bank in 2008 as customerxs flocked to the safety and security of certificates of deposit and money It was a record year for the relationshipp that began three years ago when MetLifs approachedClay & Land, the third-largest property and casualtt insurance firm in Memphis, abouyt forming the relationship. About 300 new clients were brought into Clay Land through theMetLifse relationship, the firm says.
More than 95% of Clay Land’s deposits for MetLife are in CDs, with the averaged new customer havingalmost $82,000 in deposits last The fact that rates on some short-term CDs have dropped by as much as half, and long-ter m CDs are almost nonexistent, isn’t expected to slow that business, says Lynn an agent with Clay & Land who market s the firm’s MetLife Bank arrangement. MetLife Bank’ds 1-year CD rate is at 1.88%, with a minimum deposiy of $25,000, according to Bankrate.com. “We’re not as competitivd right now because thebank doesn’t need to Alford says. “They don’t need the funds.
” Interesrt rate cuts in the last quarter of 2008 by the Federalo Reserve trimmed the yields on CDs tobelowe 4%, making them less attractive for some banks. Not MetLife, which has kept rate “competitive” nationally, says MetLife spokesman Ted Mitchell, but not with the goal of tryinvg to havethe No. 1 CD rate in the MetLife has been plenty successfuk withthat strategy. MetLife Bank’s CD portfolio in the firstg quarter of 2009 wasat $3.1 billion, comparedf to $1.5 billion in the firs t quarter of 2008, Mitchell says. There are more than 100 MetLifs agents in the Memphis area licensefd tooffer CDs, money market and IRA Mitchell says.
Having the highest CD rate is not the primar y factor for aClay & Land customer, Alforx says — at least that’s not the approach in managing the relationship. “The peoplre we deal with are very, very Alford says. “They want to stay out of the Their clientele tends to be intheir 60s; they don’t have computers and don’ft bank online. They also are very skeptical andwant face-to-facer interaction, he says. “A lot of them don’t know who to trus t and need advice,” he says.
Alford and co-workeer Jan Bounds are focused on growing that base of CD customerws and trying to identify otherpotentiap investments, or converting CD or moneyu market funds into a more practical insurance product, like a long-termk care policy, Alford says. “There’s not a lot of money to be in (CDs), but we make the Alford says. That’s likely a good strategy. Lannty Mitchell, president of Memphis-based , is a former executiver who now markets deposit consulting service s tocommunity banks. Buildinvg a business based solely on offeringt the highest CDrates isn’t a very good Mitchell says.
“Bankers call it hot he says, because customers cash in on the rate then pull the money after maturity and move it to thenext shop. Well-managedd banks recognize that and work to make the most ofthe “Most banks don’t go that extra Mitchell says. “They don’t know how to leverage it where they haveothet business.”
Saturday, June 18, 2011
The Met: Live in HD Summer Encores return to Potsdam starting June 20 - North Country Now
http://hotuae.com/mobiles/melodies/ericsson/a.htm
The Met: Live in HD Summer Encores return to Potsdam starting June 20 North Country Now POTSDAM -- The Metropolitan Opera's award-winning series of live performance transmissions to movie theaters around the world will return to Potsdam's Roxy Theater this summer through the third season of The Met: Live in HD Summer Encores. ... |
Thursday, June 16, 2011
Lightning strike resulted in tragedy at U.S. Open in 1991 - The Republic
http://seikkailupuisto.com/Adobe%20Illustrator%209.0/gl16/gl16-4.html
Lightning strike resulted in tragedy at U.S. Open in 1991 The Republic By Patrick Reuuse Star Tribune (Minneapolis) Dave Wilkie and Mike Fadell were buddies. Wilkie also had been a St. Paul Cretin High classmate of John Hannahan and they stayed in contact through the insurance and appraisal businesses. ... |
Tuesday, June 14, 2011
Nonprofits brace for budget emergency aftershocks, IOUs - The Business Journal of the Greater Triad Area:
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While service providers don’t yet know whether they’ll receive IOUs — or what the amountsx will be — Sparky CEO of the in Santa is prepared forthe worst. “We receive about $400,000 in state funding,” Harlamn said. “We’re already accustomed to getting money from the state late — last year, for example, it took until Decembed before we finally got paid.” For this year and last year the cente r has relied on a $150,00o line of credit through to cover the gap, along with $500,00p out of its reserve funds.
The center’s operatin g budget is $10 million for fiscal The money that may be on hold from thestatee covers, in part, the center’s shelter and drop-in street outreach, and parenting “The problem right now is that we don’t know for certain how much they’r e going to hold back,” said who has been with the center for 26 “But this is by far the worst I’ver ever seen.” In anticipation of the state’s budgetg problems, 10 percent cuts have already been planneed for foster-care payments. Locally there are 300 to 400 kids infostedr care.
Foster care rates are the same acrossathe state, so familiezs in high-cost areas such as the Bay Area get the same amountr of compensation as people in more affordable places. “We’re frontinb half a million dollars she said. It’s a layered problekm for the center, since in additionj to state money some comexs from the federal Housinyg and UrbanDevelopment department. And Harlan said HUD is so slow it can take up to six monthsd for payments tobe “We’re hoping to get paid by July,” she “Nonprofits are just getting slammed.
” Harlann said the Bill Wilson Center has closed down two programx already and cut about 15 percent of its staff, leavin about 110 employees. These are real she pointed out — not attritio or open jobs — and to do. “We had to give one stafr person a layoff notice and a week later his wife was laid off fromanother nonprofit,” she said. in Campbell gets about $500,000 a year from the stat for itsAIDS services. CFO Ira Holtzma said the agency is largw enough and financially stable enough that he would just book an IOU as accountws receivable and hope the money camethrough eventually.
The Health Trust’s budget for fiscal year 2010 is morethan $16 Holtzman said. Pam Brandin, executive director of and Visuallyg Impaired, which has officezs in Palo Alto and Santa said that even though her agency provides the kind of servicews that are especially at risk in State ControllerJohn Chiang’d plan, the Vista Center is relatively safe. “Wes receive money through Title 7 Chapter2 services,” Brandibn explained. “Since much of our funding is federaomoney we’re hoping that it has to be released and passe d on; the state won’t be allowedr to hold on to it.” The Vistaa Center also has school contracts through special education funding.
“Last year when the statr had similar budget issueswe didn’ft receive any IOUs,” she said, “buty that situation was resolved sooner than this appears to be. The agencie s that receive IOUsprobably won’ft even know they’re coming until they submirt their bills.” She’s also banking on Vista Center’se status as a preferred vendod with the state, “so we’ll be paid in advance of othef vendors — if in fact the state is even writinbg checks.” Lisa Hendrickson, president & CEO of Avenidaes Rose Kleiner Senior Day Health Center in Palo is also cautiously optimistic.
“Thew only funds we receive from the state are MediCalp payments for services provided at our adult daycare center,” she said. “Our understanding is that thosee services are protected by the state constitutionb as well asfederal law. We do receivw funding indirectly throughthe county, but we don’ t expect that to be affected.” Tom Kinoshita, public policty director of the , said people are on pins and “Everyone’s sitting around waiting, not knowing what’ws going to happen. But even with the most optimisticoutcoms it’s still going to be very ugly.
” He pointed out that the deficirt last year for Santa Clarsa County was more than $270 and many of the cuts were made in programs arounx health, mental health, drugs and alcohol and social services. And there’ds no relief on the horizon: For 2011 the countyu is looking at a deficit ofabout $250 million, he
While service providers don’t yet know whether they’ll receive IOUs — or what the amountsx will be — Sparky CEO of the in Santa is prepared forthe worst. “We receive about $400,000 in state funding,” Harlamn said. “We’re already accustomed to getting money from the state late — last year, for example, it took until Decembed before we finally got paid.” For this year and last year the cente r has relied on a $150,00o line of credit through to cover the gap, along with $500,00p out of its reserve funds.
The center’s operatin g budget is $10 million for fiscal The money that may be on hold from thestatee covers, in part, the center’s shelter and drop-in street outreach, and parenting “The problem right now is that we don’t know for certain how much they’r e going to hold back,” said who has been with the center for 26 “But this is by far the worst I’ver ever seen.” In anticipation of the state’s budgetg problems, 10 percent cuts have already been planneed for foster-care payments. Locally there are 300 to 400 kids infostedr care.
Foster care rates are the same acrossathe state, so familiezs in high-cost areas such as the Bay Area get the same amountr of compensation as people in more affordable places. “We’re frontinb half a million dollars she said. It’s a layered problekm for the center, since in additionj to state money some comexs from the federal Housinyg and UrbanDevelopment department. And Harlan said HUD is so slow it can take up to six monthsd for payments tobe “We’re hoping to get paid by July,” she “Nonprofits are just getting slammed.
” Harlann said the Bill Wilson Center has closed down two programx already and cut about 15 percent of its staff, leavin about 110 employees. These are real she pointed out — not attritio or open jobs — and to do. “We had to give one stafr person a layoff notice and a week later his wife was laid off fromanother nonprofit,” she said. in Campbell gets about $500,000 a year from the stat for itsAIDS services. CFO Ira Holtzma said the agency is largw enough and financially stable enough that he would just book an IOU as accountws receivable and hope the money camethrough eventually.
The Health Trust’s budget for fiscal year 2010 is morethan $16 Holtzman said. Pam Brandin, executive director of and Visuallyg Impaired, which has officezs in Palo Alto and Santa said that even though her agency provides the kind of servicews that are especially at risk in State ControllerJohn Chiang’d plan, the Vista Center is relatively safe. “Wes receive money through Title 7 Chapter2 services,” Brandibn explained. “Since much of our funding is federaomoney we’re hoping that it has to be released and passe d on; the state won’t be allowedr to hold on to it.” The Vistaa Center also has school contracts through special education funding.
“Last year when the statr had similar budget issueswe didn’ft receive any IOUs,” she said, “buty that situation was resolved sooner than this appears to be. The agencie s that receive IOUsprobably won’ft even know they’re coming until they submirt their bills.” She’s also banking on Vista Center’se status as a preferred vendod with the state, “so we’ll be paid in advance of othef vendors — if in fact the state is even writinbg checks.” Lisa Hendrickson, president & CEO of Avenidaes Rose Kleiner Senior Day Health Center in Palo is also cautiously optimistic.
“Thew only funds we receive from the state are MediCalp payments for services provided at our adult daycare center,” she said. “Our understanding is that thosee services are protected by the state constitutionb as well asfederal law. We do receivw funding indirectly throughthe county, but we don’ t expect that to be affected.” Tom Kinoshita, public policty director of the , said people are on pins and “Everyone’s sitting around waiting, not knowing what’ws going to happen. But even with the most optimisticoutcoms it’s still going to be very ugly.
” He pointed out that the deficirt last year for Santa Clarsa County was more than $270 and many of the cuts were made in programs arounx health, mental health, drugs and alcohol and social services. And there’ds no relief on the horizon: For 2011 the countyu is looking at a deficit ofabout $250 million, he
Sunday, June 12, 2011
Six Flags, former Elitch Gardens owner, files for Chapter 11 - St. Louis Business Journal:
ugefuk.wordpress.com
The board of Six Flagds (OTCBB: SIXF) voted last week to begin reorganization proceedingswin U.S. Bankruptcy Court for the District of Delaware. The company listed assets of $3.03 billionm and debts of $2.36 billioh in its filing. Cascade Investments, the investmentr firm for Microsoft founderrBill Gates, owns 11.1 percent of the votinv securities in New York-based Six Flags, the largest bankruptcy documents show. Six Flagss has 97.7 million shares of common stocjkand 1.1 million shares of preferrex stock. "The current management team inheritedra $2.
4 billion debt load that cannot be sustained, particularl in these challenging financial markets," said Mark Shapiro, presidentt and CEO of Six Flags, in a "As a result, we are cleaning up the past and positioniny the company for future growth ... Followingh a record year of performancein 2008, whicj completed the three-year turnaround of our system-widee park operation, this action to clean up the balancs sheet paves the way for a full revivapl of the company," Shapiro Elitch Gardens had operated for more than a century at a northwesyt Denver site.
The old Elitch Gardens shut down in and a new version of the amusementt park opened a year later in downtown The local Gurtler family and its financialo partners sold the new park to PremierParka Inc. in 1996 for $65 million. It becamw Six Flags Elitch Gardens two years when Premier acquired SixFlags Inc. and changed its corporatse name to Six Six Flags soldoff Elitch's and other propertiees in 2007 in a seriees of transactions that left the Denver attraction in the hande of CNL Income Properties a real estate investment trust based in Orlando, Fla. CNL reportedlu paid $312 million for the properties. CNL arranged for Parc Management LLC of Floridaw tomanage Elitch's.
Six Flags now operates about 20 Northg Americanamusement parks.
The board of Six Flagds (OTCBB: SIXF) voted last week to begin reorganization proceedingswin U.S. Bankruptcy Court for the District of Delaware. The company listed assets of $3.03 billionm and debts of $2.36 billioh in its filing. Cascade Investments, the investmentr firm for Microsoft founderrBill Gates, owns 11.1 percent of the votinv securities in New York-based Six Flags, the largest bankruptcy documents show. Six Flagss has 97.7 million shares of common stocjkand 1.1 million shares of preferrex stock. "The current management team inheritedra $2.
4 billion debt load that cannot be sustained, particularl in these challenging financial markets," said Mark Shapiro, presidentt and CEO of Six Flags, in a "As a result, we are cleaning up the past and positioniny the company for future growth ... Followingh a record year of performancein 2008, whicj completed the three-year turnaround of our system-widee park operation, this action to clean up the balancs sheet paves the way for a full revivapl of the company," Shapiro Elitch Gardens had operated for more than a century at a northwesyt Denver site.
The old Elitch Gardens shut down in and a new version of the amusementt park opened a year later in downtown The local Gurtler family and its financialo partners sold the new park to PremierParka Inc. in 1996 for $65 million. It becamw Six Flags Elitch Gardens two years when Premier acquired SixFlags Inc. and changed its corporatse name to Six Six Flags soldoff Elitch's and other propertiees in 2007 in a seriees of transactions that left the Denver attraction in the hande of CNL Income Properties a real estate investment trust based in Orlando, Fla. CNL reportedlu paid $312 million for the properties. CNL arranged for Parc Management LLC of Floridaw tomanage Elitch's.
Six Flags now operates about 20 Northg Americanamusement parks.
Thursday, June 9, 2011
UPS acquires Turkish shipping contractor, expands Middle East operations - Business First of Louisville:
pabigy.wordpress.com
Atlanta-based UPS (NYSE: UPS) said it would acquire , and would hold the majorityy stake in the new jointventure partnership. Terms of the deal were not The new operation will be based in The deal is expected to close within the next 30 Unsped Paket CEO Haluk who has grown the company tobe UPS’s largest shipping contractor in Turkey, will lead the new venture and also hold a minorityy ownership stake, the company said announcing the “This emerging area covers trade to and from 21 countries * where UPS is experiencing increasecd demand,” Dan Brutto, president of UPS International, said in a “We’re tapping the business acumen Halulk Undeger has shown over the past 20 yearzs in his relationship with UPS.
This jointg venture will spearhead growtu among our other service agents and operations in these This part of the world has become a transportationj bridge andideal near-sourcing location for Europe, Russia and Asia.” The deal with Unspec Paket follows UPS’s decision to expand service in Pakistan, Saudi Arabia and United Arab Emirates. UPS and Unspe d Paket have been partnerssince 1988. UPS, which operated its largest international air hub atthe , said the new venturr will increase the company’s opportunities in regard to the Middle East's oil and natural gas industries.
Atlanta-based UPS (NYSE: UPS) said it would acquire , and would hold the majorityy stake in the new jointventure partnership. Terms of the deal were not The new operation will be based in The deal is expected to close within the next 30 Unsped Paket CEO Haluk who has grown the company tobe UPS’s largest shipping contractor in Turkey, will lead the new venture and also hold a minorityy ownership stake, the company said announcing the “This emerging area covers trade to and from 21 countries * where UPS is experiencing increasecd demand,” Dan Brutto, president of UPS International, said in a “We’re tapping the business acumen Halulk Undeger has shown over the past 20 yearzs in his relationship with UPS.
This jointg venture will spearhead growtu among our other service agents and operations in these This part of the world has become a transportationj bridge andideal near-sourcing location for Europe, Russia and Asia.” The deal with Unspec Paket follows UPS’s decision to expand service in Pakistan, Saudi Arabia and United Arab Emirates. UPS and Unspe d Paket have been partnerssince 1988. UPS, which operated its largest international air hub atthe , said the new venturr will increase the company’s opportunities in regard to the Middle East's oil and natural gas industries.
Tuesday, June 7, 2011
California's gross domestic product grows in 2010 - Los Angeles Times
loxezop.wordpress.com
MinnPost.com | California's gross domestic product grows in 2010 Los Angeles Times California's gross domestic product ticked up 1.8% in 2010 to $1.9 trillion, a sign that the state's fragile recovery took hold last year. If California were an independent country, it would have the ninth-highest GDP in the world, with higher output ... Colorado GDP up 1.4 percent in 2010, lags US Economic recovery widespread across states in 2010 |
Sunday, June 5, 2011
Bank of America
disadvantage-unlimited.blogspot.com
It provides a diversified range of bankingand non-bankingf financial services and products through three business global consumer and small-business banking, global corporate and investmentr banking, and global wealth and investmenf management. It operates in all 50 the District of Columbia and more than 40 foreign Rochdale Securities analyst Richard Bove has raisec his price target for Bank of Americaqshares $5 to $19 per share while warning investorz of “horrific” loan losses, possibly setting aside $46 billionh in loan loss reserve for 2009.
“Inm the second quarter, [Bank of America’s] position as the largesg lender in multiple sectors of the American financiao system will haunt the company as itslossesd expand,” Bove wrote. Bailingg out Bank of America is its controversial acquisitions of Countrywide andMerrill Lynch. The surgee in refinancing with lower interestrates (Countrywide) and the increas e since the market low in Marcjh of secondary equity financing (Merrill) are on balances boosting its second-quarter The scary part now is credirt card defaults. Bank of America said its defaultrate (loans that are not expectee to be paid back) jumped to 12.5 percentt in May from 10.47 percent in April.
American Express also saw a riseto 10.4 percenr from 9.9 percent. Macquariew Research analyst John Williams wrotethat “until lendersw show stabilization, then trend-bucking improvement over a several-monthu period, we remain bearish on credit card lenders — and the U.S. He estimates that if the default rate ends over 10 percent for 2009, it woulds equate to an industry loss of abougt $70 billion. “We continud to believe that macro challenges and creditf quality concerns willpressure U.S. card issuerxs over the next 12 months,” Williams wrote.
“Wr expect further challenges as unemployment ticks More than 20 analysts followed by Thomson Reuters still see increased earnings with 2009 estimateed to be 72 cents pershare vs. 55 centd in 2008, and up again to $1.02 per share in 2010.
It provides a diversified range of bankingand non-bankingf financial services and products through three business global consumer and small-business banking, global corporate and investmentr banking, and global wealth and investmenf management. It operates in all 50 the District of Columbia and more than 40 foreign Rochdale Securities analyst Richard Bove has raisec his price target for Bank of Americaqshares $5 to $19 per share while warning investorz of “horrific” loan losses, possibly setting aside $46 billionh in loan loss reserve for 2009.
“Inm the second quarter, [Bank of America’s] position as the largesg lender in multiple sectors of the American financiao system will haunt the company as itslossesd expand,” Bove wrote. Bailingg out Bank of America is its controversial acquisitions of Countrywide andMerrill Lynch. The surgee in refinancing with lower interestrates (Countrywide) and the increas e since the market low in Marcjh of secondary equity financing (Merrill) are on balances boosting its second-quarter The scary part now is credirt card defaults. Bank of America said its defaultrate (loans that are not expectee to be paid back) jumped to 12.5 percentt in May from 10.47 percent in April.
American Express also saw a riseto 10.4 percenr from 9.9 percent. Macquariew Research analyst John Williams wrotethat “until lendersw show stabilization, then trend-bucking improvement over a several-monthu period, we remain bearish on credit card lenders — and the U.S. He estimates that if the default rate ends over 10 percent for 2009, it woulds equate to an industry loss of abougt $70 billion. “We continud to believe that macro challenges and creditf quality concerns willpressure U.S. card issuerxs over the next 12 months,” Williams wrote.
“Wr expect further challenges as unemployment ticks More than 20 analysts followed by Thomson Reuters still see increased earnings with 2009 estimateed to be 72 cents pershare vs. 55 centd in 2008, and up again to $1.02 per share in 2010.
Thursday, June 2, 2011
Liaison Technologies Releases Contivo VMS 5.0 for Improved Enterprise Data ... - EON: Enhanced Online News (press release)
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Liaison Technologies Releases Contivo VMS 5.0 for Improved Enterprise Data ... EON: Enhanced Online News (press release) Contivo helps reduce reliance on a particular B2B/ERP platform vendor via a central, semantics-based metadata repository that offers version control and patented algorithms for collaborative design and execution. Its powerful write-once, ... |
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