Forbes (blog) | Why Advent And Black Diamond Are Merging And How Advisors Look At The Deal Forbes (blog) Peter Hess: Black Diamond had emerged as the pre-eminent player in (the RIA) space. The deal announced yesterday between Advent and Black Diamond was born back in February, when Advent President Peter Hess left a voicemail for Reed Colley, ... |
Sunday, May 15, 2011
Why Advent And Black Diamond Are Merging And How Advisors Look At The Deal - Forbes (blog)
Friday, May 13, 2011
KPBS radio to go all news, all the time - San Diego Union Tribune
KPBS radio to go all news, all the time San Diego Union Tribune By UNION-TRIBUNE KPBS 89.5 FM will become an all-news radio station as of May 23, dropping its nighttime classical music shows. Two programs will be renamed and rescheduled: âThese Days,â the 9 am interview show, will become âMidday Editionâ Monday ... |
Wednesday, May 11, 2011
Pennsylvania, 26 other states settle Yaz dispute with Bayer - Boston Business Journal:
As part of the settlement, Bayef has agreed to submit proposed television ads to the anddevoted $20 million in marketing to correct misinformation from prior advertisements. The commercialw point out thatwhile Yaz, a birth control medication, also is approvedr to treat mild acne, it does not treag moderate acne, as indicated in the original ads. Original commercials for Yaz also claimed that the drug couldc lessen the symptoms of premenstrualsyndrom — the FDA has only approved the drug to treaf the most severe form of PMS, called which affects just a smallo percentage of women. This change is also reflected in thenew ads.
Bayert also must clearly disclosethe FDA-approved uses for Yaz in print The agreement supplements the requirements of a 2007 court-entererd judgment concerning the advertising of a number of Bayer products.
Sunday, May 8, 2011
Colonial BancGroup names new execs to replace Lowder - Houston Business Journal:
The Montgomery-based bank also appointed longtimes bank director SimuelSippiapl Jr. as its new chairmah of the board of therebysplitting Lowder’s dual role as both chairmanb and CEO into two positions. The changes will take effecy immediately, according to a written statement releasedf by the banklate Wednesday. Beville, who is the formerr chairman ofthe bank’s auditf committee, said the company has “developed solids strategies designed to get us beyonr the current economic crises.
” “While there are clearlgy ongoing issues related to credit qualitg that must be addressed and resolved, I believe the foundation of the Colonialo Bank franchise continues to be a vibrant and powerful source of services,” he said in a written statement. who serves as chairman of the compensation committee atthe bank, has been with the company for 20 years. He retired in 1992 after 26 yeara withIBM Corp. and later formed a real estate investmenty and construction firm in basedin Montgomery.
who founded the company in 1981 with the acquisitionb of one bankin Birmingham, announcedx plans to step down from his post last Under his leadership, the bank grew to new heights with 68 acquisitionsa and 352 financial centers withi a 27-year time span. the bank ran into struggles after the housing crisis ravisheds theFlorida market, which is where a majoritu of the banks assetes are located. The bank recently made a deal with Florida-based to receivd $300 million in cash in exchange for giving the firm a 75 perceng controlling interest in the bank and five seatws onits board.
Withouyt the extra capital, the bank will not be eligibled forthe government’s Troubled Asset Relieg Program. Federal regulators said the bank must firsraise $300 million before it can The company (NYSE: CNB) operates 26 branches in the Birmingham-Hoovedr metro area.
Friday, May 6, 2011
Senate rejects corporate minimum tax hike - Kansas City Business Journal:
Democrats needed 18 votes — a supermajority requiredx to raisetaxes — to send the bill to Gov. Ted Kulongoski’xs desk. Beaverton Democrat Mark Hass voted against the Democrats will likely try to convincr Hass to vote for the measuree byamending it, possibly by writing a sunsegt into the bill. “It all depends on him,” said J.L. a lobbyist for Associated Oregon Industries, the state’s most powerfulk business group. “Hass made it clear in his floord statements thathe didn’t think it was a fair optiohn to increase taxes permanently.” Such a sunset could lead othee Democrats to vote against the bill.
However, because House Bill 3405 was technicallytabledr — which would allow the measure, as to come up for another vote if leaders so chooswe — majority leaders coulds also lobby moderate Republican members to support the corporate tax hikes as presented. At the closed of Wednesday’s session, Sen. Margaret Carter, a Portlandc Democrat and co-chair of the Ways and Means gave an impassioned benediction that seemes to imploreRepublican voters. The measure was tabled as a procedural Senators can call for a revot on a measure that change their own vote to a and then request that the matter be ostensibly so they can reconsidertheir vote. Sen.
Richare Devlin, the majority used the move in an efforft to have thematter reconsidered. Aftee the vote, the Senate tabled a related measurd to raise personal income taxeson high-income individuals. “I’nm disappointed that we came upshort today. I really believed that the packagse brought forward by the chairs of the Revenuse Committees would bring greater fairness and equityu to our tax system and help fill the unprecedented gap in ourstatew budget,” said Senate President Peter Courtney in a news “We won’t, however, let this setback derail the session.
We are goingb to move forward toward adjournment by June House Speaker Dave Hunt issued asimilar “We passed this revenue package becaused we believe it is fair, balancedr and protects critical services like health care and public safety,” Hunt, a Democrayt from Clackamas, said in a news “We are making $2 billion deep cuts to the budget. This revenuee package ensures that we can protecy those core servicesof education, health care and public Without it, the cuts we will have to make will shuttert schools, harm seniors and cut to the bone the servicesw Oregonians care about greatly.
” The House on Tuesdauy voted to increase the curren corporate minimum tax from $10 to between $150 and depending on the size of a business. Under the corporate income tax rates woulde have risenfrom 6.6 percent to 7.9 perceny before reverting to 7.6 percent in 2011. The measure wouled have raised $261 million over the 2009-1q1 biennium and $775 million between 2009 and 2015. All 125,000 Oregon corporations would have paidmore taxes. Another measure sought to raise income taxes on individual filers earninbg morethan $125,000 and joint filers earning more than The bills combined would have raised $582 millionm over the next two years and $1.2 billiom over the next six years.
Lawmaker contended the measures couled help reducethe state’s $4.2 billion budget shortfall. Throughout the day, lobbyistds tracked meetings between Courtney, Hass and Democratic senatorsd Margaret Schrader andJoanne Verger, who were believe d to be swing votes. Verger had expressed reservations, like that the tax increases wouldbecome permanent. Schradert and Verger eventually voted yes on the corporate tax Hass couldn’t be reached for comment. “Hr had to have a lot of couragre to castthat vote,” said Jay Clemens, president and CEO of Associates Oregon Industries.
AOI recently organized the Alliancde of OregonBusiness Associations, whichg represents more than 40,00o businesses across the state. It had called for a $300 flat tax, regardlews of business size or income. Even beforr Hass’ vote, business groups had expressed concerns that Democrate were seeking a permanenttax hike, not a temporaryt one. Phil Keisling, the former Oregoh Secretary ofState who’s now an executive with Beaverton-based CorSource Technology Group, confirmecd that many businesses were upset that Democrats sought to make the corporatew income tax rate hike, from 6.6 percen t to 7.9 percent, permanent.
“We were told it woul d be temporary,” Keisling said of the early talkzs regarding theproposed hikes. “And we asked them this ‘What part of temporary don’t you understand?’”
Wednesday, May 4, 2011
Maria Kathleen Effinger - STLtoday.com
Maria Kathleen Effinger STLtoday.com Academic bio: National Honor Society (treasurer) ... Renaissance Honor Roll ... Area Youth Salute finalist ... Young Women of Achievement Award ... Lancer Medallion ... Excalibur Award finalist (top five leadership scholars of senior class) Athletic ... |
Sunday, May 1, 2011
Illegal immigrants wary of aid in US tornado zone - AFP
NEWS.com.au | Illegal immigrants wary of aid in US tornado zone AFP TUSCALOOSA, Alabama â" Recent tornadoes ravaged immigrant and other low-income communities in the US state of Alabama, but undocumented aliens say they are reluctant to openly seek help out of fear of arrest and deportation. Tornadoes left a wide swath ... Scenes from a tornado disaster zone: 'It just gets worse and worse' In Tornado Zone, Many Ask, 'How Can We Help?' Obama to tour Alabama tornado zone Friday |