USA TODAY | Junta spokesman: Countercoup attempt in Mali USA TODAY By Issouf Sanogo, AFP/Getty Images By Issouf Sanogo, AFP/Getty Images BAMAKO, Mali (AP) â€" Soldiers loyal to the former government tried to stage a countercoup in Mali on Monday, a spokesman for Mali's military junta said. UPDATE 1-Mali presidential guard attempt counter-coup< p size="-1" color="#6f6f6f"> Counter-coup attempt underway in Mali |
Monday, April 30, 2012
Junta spokesman: Countercoup attempt in Mali - USA TODAY
vypybiza.wordpress.com
Sunday, April 29, 2012
Monsanto, BASF announce breakthrough in drought-resistant corn development - Business First of Buffalo:
esivyjifag.wordpress.com
The companies said they would use the gene to developthe world’s first biotechnology-derived drought-tolerant The discovery is a timel y breakthrough, according to Monsanto. The number and duration of dry spells, especially in already drought-prone is expected to increase due toclimatse change, according to a United Nations' Food and Agricultures Organization report prepared for ministers of the G-8, Monsanto Monsanto and BASF said the drought-tolerant corn productf is targeted for as early as 2012 pendingg appropriate regulatory approvals. The two companies are jointltycontributing $1.5 billion over the life of their research collaboration.
Chemicalp company BASF is basedsin Ludwigshafen, Germany. Crevde Coeur, Mo.-based Monsanto Co. MON), led by Chairman, President and CEO Hugh develops insect- and herbicide-resistant cropa and other agricultural products. It is one of the largest employerein St. Louis with 4,0090 local employees.
The companies said they would use the gene to developthe world’s first biotechnology-derived drought-tolerant The discovery is a timel y breakthrough, according to Monsanto. The number and duration of dry spells, especially in already drought-prone is expected to increase due toclimatse change, according to a United Nations' Food and Agricultures Organization report prepared for ministers of the G-8, Monsanto Monsanto and BASF said the drought-tolerant corn productf is targeted for as early as 2012 pendingg appropriate regulatory approvals. The two companies are jointltycontributing $1.5 billion over the life of their research collaboration.
Chemicalp company BASF is basedsin Ludwigshafen, Germany. Crevde Coeur, Mo.-based Monsanto Co. MON), led by Chairman, President and CEO Hugh develops insect- and herbicide-resistant cropa and other agricultural products. It is one of the largest employerein St. Louis with 4,0090 local employees.
Friday, April 27, 2012
Flint Hills Resources names new president - Wichita Business Journal:
karnergetajequ1416.blogspot.com
"Flint Hills Resources is a company that is committed to creatint real value for the long Razook says. Dave Robertson, chairmam of the Flint Hills board, says Razoom has played an important role inFlint Hills' "Not only does he have vast knowledge in supplyh and marketing," Robertson says, "but he has also played an important role in the planzs for expanding our refining capacity in as well as construction projects aimed at meetingg customers' increasing fuel demand in Texas and the Midwest." Flint Hille has begun an estimated $200 millio n project to add about 50,000 barrels per day to its Minnesotaq refining capacity.
It also has plans to expand fuels terminap capacity in Wacoand Texas, and is building a new terminak near Bastrop, Texas. Razook began his Koch careee in 1985 with Koch He also has worked for andKoch Oil, joiningb as vice president of Pine Bend marketing in 1997.
"Flint Hills Resources is a company that is committed to creatint real value for the long Razook says. Dave Robertson, chairmam of the Flint Hills board, says Razoom has played an important role inFlint Hills' "Not only does he have vast knowledge in supplyh and marketing," Robertson says, "but he has also played an important role in the planzs for expanding our refining capacity in as well as construction projects aimed at meetingg customers' increasing fuel demand in Texas and the Midwest." Flint Hille has begun an estimated $200 millio n project to add about 50,000 barrels per day to its Minnesotaq refining capacity.
It also has plans to expand fuels terminap capacity in Wacoand Texas, and is building a new terminak near Bastrop, Texas. Razook began his Koch careee in 1985 with Koch He also has worked for andKoch Oil, joiningb as vice president of Pine Bend marketing in 1997.
Wednesday, April 25, 2012
Met's 'Ring' Machine Finishes the Spin Cycle - New York Times
moffaiqohegesa1490.blogspot.com
New York Times | Met's 'Ring' Machine Finishes the Spin Cycle New York Times The Metropolitan Opera presented Wagner's “Götterdämmerung†on Tuesday night to conclude the first of three complete cycles of “Der Ring des Nibelungen†this spring, and the director Robert Lepage has made this significant adjustment to the final ... Wagner's 'Ring' gets a new spin in New York Tribeca Film Festival 2012: Wagner's Dream |
Monday, April 23, 2012
State
acklinegymejac1362.blogspot.com
The bureau reported that Ohio’s real Grossx Domestic Product, which totals goods and services produced and adjusted for shrank 0.7 percent last year after a 0.2 percen t gain in 2007. The national GDP, by stayed in growth mode but slowed toa 0.7 percenft gain, down from 2 percent in 2007. Ohio last year stoodf as one of only 12 stated to see negative GDP growth and notcherthe sixth-deepest decline. The largest drop came in Alaska at 2 percentr on a decline inpetroleu extraction. The bureau attributed GDP contractioh in the GreatLakes region, which includes Ohio and four neighborin states, to declines in manufacturingb and construction along with the finance and insurance industries.
Breakintg down the state’s economic output per capita, Ohio’s real GDP stooc at $33,568 last year, down from $33,829 in 2007. The state’d per-capita GDP was ranked 32nd in the The nationalaverage per-capita GDP was $37,899 in compared with $37,967 the year before, the bureau said. Detailec tables on real GDP for Ohio and the natiohn are available for download byclicking .
The bureau reported that Ohio’s real Grossx Domestic Product, which totals goods and services produced and adjusted for shrank 0.7 percent last year after a 0.2 percen t gain in 2007. The national GDP, by stayed in growth mode but slowed toa 0.7 percenft gain, down from 2 percent in 2007. Ohio last year stoodf as one of only 12 stated to see negative GDP growth and notcherthe sixth-deepest decline. The largest drop came in Alaska at 2 percentr on a decline inpetroleu extraction. The bureau attributed GDP contractioh in the GreatLakes region, which includes Ohio and four neighborin states, to declines in manufacturingb and construction along with the finance and insurance industries.
Breakintg down the state’s economic output per capita, Ohio’s real GDP stooc at $33,568 last year, down from $33,829 in 2007. The state’d per-capita GDP was ranked 32nd in the The nationalaverage per-capita GDP was $37,899 in compared with $37,967 the year before, the bureau said. Detailec tables on real GDP for Ohio and the natiohn are available for download byclicking .
Saturday, April 21, 2012
Marlins stadium deal clears another hurdle - South Florida Business Journal:
lebexab.wordpress.com
Miami-Dade Circuit Court Judge Lawrence A. Schwartz on Friday denied a motio n to stop the county from sellinythe bonds. Schwartz ruled that whilew a pair Miami residents have standing to bring the lawsui challengingthe stadium's construction, the county’z effort to sell construction bonds is “not unconstitutional.” The county had movecd the date of the bond sale from this week to June 29 and June 30 as a resuly of their motion. The countu had worried that the lawsuit would create a cloudr of uncertainty that could have affected the interest rates.
County spokeswoman Vickoi Mallette said Friday that the countgy would now move forward with the sale of the bondesas planned. County Mayod Carlos Alvarez said early Friday that he was confidenty the county would prevail in the request for an Early Fridaymorning Miami-Dade County Commissioners approved threw measures designed to make possiblde the start of construction on the new Commissioners agreed to move up to the top of the list of creditora to be paid first. Wachovia is providinh a $100 million letter of credit to the county for its variablewrate bonds. These types of bonds require a lineof credit.
Commissioners also voted to move back the termination date to July 15 for eithetthe county, city or the Marlins to pull out of the deal and to conveh property to the city of Miami for stadium garages. Miami-Dade County Commissioner Joe Martinez voted againstprioritizing Wachovia's payback and changing the terminationb date. He opposes the county's financing of the project, callinbg it "a bad deal." The ballpark project passec another technical hurdle at the city of Miamoon Thursday.
Miami city commissioners approved the termination date change as well as other modification s that City Manager Pete Hernandez said wouldd help protect the city inthe * Giving the counth until July 17 to terminate the deal if it has not closedc on the bond * Extending the date of the city's $13 million contribution to July 17. * Amending the deal to allo w the city to suspend deposit of its contribution to the projecyt if there is a delay dueto litigation.
* Add a reverterf clause that gives the stadium land back to the city if the deal In April, county commissioners approved issuing bonds totaliny a maximum of $536 milliomn toward construction of the $640 million, 37,000-seaft ballpark.
Miami-Dade Circuit Court Judge Lawrence A. Schwartz on Friday denied a motio n to stop the county from sellinythe bonds. Schwartz ruled that whilew a pair Miami residents have standing to bring the lawsui challengingthe stadium's construction, the county’z effort to sell construction bonds is “not unconstitutional.” The county had movecd the date of the bond sale from this week to June 29 and June 30 as a resuly of their motion. The countu had worried that the lawsuit would create a cloudr of uncertainty that could have affected the interest rates.
County spokeswoman Vickoi Mallette said Friday that the countgy would now move forward with the sale of the bondesas planned. County Mayod Carlos Alvarez said early Friday that he was confidenty the county would prevail in the request for an Early Fridaymorning Miami-Dade County Commissioners approved threw measures designed to make possiblde the start of construction on the new Commissioners agreed to move up to the top of the list of creditora to be paid first. Wachovia is providinh a $100 million letter of credit to the county for its variablewrate bonds. These types of bonds require a lineof credit.
Commissioners also voted to move back the termination date to July 15 for eithetthe county, city or the Marlins to pull out of the deal and to conveh property to the city of Miami for stadium garages. Miami-Dade County Commissioner Joe Martinez voted againstprioritizing Wachovia's payback and changing the terminationb date. He opposes the county's financing of the project, callinbg it "a bad deal." The ballpark project passec another technical hurdle at the city of Miamoon Thursday.
Miami city commissioners approved the termination date change as well as other modification s that City Manager Pete Hernandez said wouldd help protect the city inthe * Giving the counth until July 17 to terminate the deal if it has not closedc on the bond * Extending the date of the city's $13 million contribution to July 17. * Amending the deal to allo w the city to suspend deposit of its contribution to the projecyt if there is a delay dueto litigation.
* Add a reverterf clause that gives the stadium land back to the city if the deal In April, county commissioners approved issuing bonds totaliny a maximum of $536 milliomn toward construction of the $640 million, 37,000-seaft ballpark.
Friday, April 20, 2012
Wednesday, April 18, 2012
Black leaders unhappy about Delta Air Lines
vypybiza.wordpress.com
Delta did not provide a breakdowj of the amount of business it does with variouas ethnic andminority groups, saying “as a global airlinse Delta views and tracks diversitg broadly,” with all minority and wome vendors combined in one group. According to Delta, in 2008 the airlin e spent a totalof $213 or 10 percent, of its flexible supplier budgett with female and minority suppliers. That numberd is up from $207 millionm in 2007. But longtime Atlantw businessman Tommy Dortch showed Atlanta Business Chroniclse a document he said came from insidwe Delta that showed a breakdown byethnic groups.
In according to the document, the airline spentt $28 million with Asian-American-owned firms; $26 milliom with Hispanic-owned firms; $21 milliomn with African-American firms; and $200,000 with Native American-ownedf firms. For the first eight months of the airline onlyspent $12 million with African-Americab suppliers; $20 million with Hispanic-owned $18 million with Asian-American-ownedf firms and $1 millionj with Native Americans.
Stewart confirmed the document is internalto “If you are a global company and if you embracwe diversity, you are going to do more than $12 millionh with the African-American community,” said a past chair of the , founder of the , and chairmamn emeritus of , an organizatiom that he chaired for 10 Dortch said he has been workingf behind the scenes with several top Atlanta corporationd on their diversity initiatives. But he decided to go publixc with his disappointment with Delta because its record wasso “There needs to be a national spotlighg on Delta,” said Dortch, who addec that he’s already had conversations with national civil rightd leaders.
Other areas of concern include Delta’s board. The only African-American currently on the boarx isRodney Slater, a former U.S. secretary of transportatiob who came from the NorthwesgtAirlines board. Delta did have one African-American director, Waltere Massey, the former president of Morehouse But Massey retired off the board last fall. In the past, Delta has had two high-profile African-Americaj leaders on its boared — former Atlanta Mayor Andrew Young and JesseHill Jr., retired CEO of . Dortcbh also provided a charty of the number and percent of blacko pilots at Deltaand Northwest. Both airlines rankedc at the bottom (Northwestg had 58 black pilotsor 1.
12 and Delta had 92 or 1.22 percent) of that list. By comparisonb all the other airlines in the chart hadhigher percentages: American (1.63 percent), (2.68 (3.88 percent), Continental (3.48 percent), (2.18 and (3.42 percent). Delta said in an e-maikl that 4.65 percent of its pilots were minoritiewsand women, but it did not brea k down those numbers. Beasley said Delt can do better. “I’m retired from the Air he said. “There were almost no blacj pilots whenI joined, and the Air Forcde made an effort for inclusion. If Delta wantex to, it could hire more black pilots.
” When aske if being based in the cradle of the Civil Rights put more focus onthe airline’s diversity record, Gorman said: “I think we’re very proud and we understancd the important place we have as a corporated citizen in Atlanta. We have that same corporate citizenship in all the communitiesz aroundthe world.” But Gorman also acknowledged there is room for improvemenrt in Delta’s diversity initiatives.
Delta did not provide a breakdowj of the amount of business it does with variouas ethnic andminority groups, saying “as a global airlinse Delta views and tracks diversitg broadly,” with all minority and wome vendors combined in one group. According to Delta, in 2008 the airlin e spent a totalof $213 or 10 percent, of its flexible supplier budgett with female and minority suppliers. That numberd is up from $207 millionm in 2007. But longtime Atlantw businessman Tommy Dortch showed Atlanta Business Chroniclse a document he said came from insidwe Delta that showed a breakdown byethnic groups.
In according to the document, the airline spentt $28 million with Asian-American-owned firms; $26 milliom with Hispanic-owned firms; $21 milliomn with African-American firms; and $200,000 with Native American-ownedf firms. For the first eight months of the airline onlyspent $12 million with African-Americab suppliers; $20 million with Hispanic-owned $18 million with Asian-American-ownedf firms and $1 millionj with Native Americans.
Stewart confirmed the document is internalto “If you are a global company and if you embracwe diversity, you are going to do more than $12 millionh with the African-American community,” said a past chair of the , founder of the , and chairmamn emeritus of , an organizatiom that he chaired for 10 Dortch said he has been workingf behind the scenes with several top Atlanta corporationd on their diversity initiatives. But he decided to go publixc with his disappointment with Delta because its record wasso “There needs to be a national spotlighg on Delta,” said Dortch, who addec that he’s already had conversations with national civil rightd leaders.
Other areas of concern include Delta’s board. The only African-American currently on the boarx isRodney Slater, a former U.S. secretary of transportatiob who came from the NorthwesgtAirlines board. Delta did have one African-American director, Waltere Massey, the former president of Morehouse But Massey retired off the board last fall. In the past, Delta has had two high-profile African-Americaj leaders on its boared — former Atlanta Mayor Andrew Young and JesseHill Jr., retired CEO of . Dortcbh also provided a charty of the number and percent of blacko pilots at Deltaand Northwest. Both airlines rankedc at the bottom (Northwestg had 58 black pilotsor 1.
12 and Delta had 92 or 1.22 percent) of that list. By comparisonb all the other airlines in the chart hadhigher percentages: American (1.63 percent), (2.68 (3.88 percent), Continental (3.48 percent), (2.18 and (3.42 percent). Delta said in an e-maikl that 4.65 percent of its pilots were minoritiewsand women, but it did not brea k down those numbers. Beasley said Delt can do better. “I’m retired from the Air he said. “There were almost no blacj pilots whenI joined, and the Air Forcde made an effort for inclusion. If Delta wantex to, it could hire more black pilots.
” When aske if being based in the cradle of the Civil Rights put more focus onthe airline’s diversity record, Gorman said: “I think we’re very proud and we understancd the important place we have as a corporated citizen in Atlanta. We have that same corporate citizenship in all the communitiesz aroundthe world.” But Gorman also acknowledged there is room for improvemenrt in Delta’s diversity initiatives.
Monday, April 16, 2012
William Levy Injures Ankle Rehearsing for Dancing with the Stars - People Magazine
yvejodo.wordpress.com
Zap2it.com | William Levy Injures Ankle Rehearsing for Dancing with the Stars People Magazine By Tim Nudd "Just Wanted to let u know that I injured my right ankle pretty bad during rehearsal.. MRI tomorrow. I'll let u » |
Saturday, April 14, 2012
Two £100000-plus BBC staff avoid income tax - The Guardian
ra-iwinyro.blogspot.com
Telegraph.co.uk | Two £100000-plus BBC staff avoid income tax The Guardian The tax arrangement could save them thousands of pounds, as it » |
Thursday, April 12, 2012
PrepaYd Wireless, Inc. Hires Dylan Fernandes as Vice President of Wireless ... - MarketWatch (press release)
sasutezew.blogspot.com
Wednesday, April 11, 2012
Seminar will assemble specialists in distressed developments - Business First of Columbus:
onoeuqedol1902.blogspot.com
During 12 years of a booming it was rare for a project to gointo foreclosure, receivership or bankruptcy. Suddenly, the market is saturated withproblen projects, and few people know how to handled them. Developers struggle to keep projects out of banks need help getting projects offthei books, and investors who buy distressed projects don’t know what to do with To get people up to speed on the issues surroundin workouts, ’s Northern California grou p in San Francisco is putting on its firs seminar this fall in Sacramentop on issues surrounding distressex developments. It’s geared toward anyone from developers and bankersx to attorneys andfinanc executives.
The association doesn’t deal with individuakl home loans. Rather it looksx at larger developmentdisasters — anything from an eight-unit commercial complecx to a 1,500-unit residential “We don’t get so much interest when times are but there is a lot of interest righy now,” said Russell Burbank, president of the Northermn California chapter of TMA and a partnef in the turnaround company Burr, LLP in San Chicago-based TMA is a nonprofit organization of turnaround professionals. “These things, when they they take everything and the kitchen sink with he said. “All kinds of people are affected when aproject fails, either as an opportunity or a loss.
” The TMA usuallyg holds its Northern California seminarxs in San Francisco, but with most of the workoutz being in locales from Fresno to Redding and Sacramentp to Reno, it made sensde to meet where the problems exist. The turnaroundf window right now is very narrow for projectss behind in payments toa bank, said Robergt Greeley, principal of Greeley, in Sacramento. He’w a turnaround specialist and is organiziny the SacramentoTMA event. Bankse have little leeway to negotiate, and they are ofteh going for liquidation as soonas possible. But that is startinbg to change. “We are just startin g to see lenders willing toreduce price.
They were not willintg to do it even twomonthz ago,” he said. “In some banks are just now willing to make loan Banks are learning that takinvg back aproperty doesn’t solve all of the If a developer of a subdivision couldn’t sell its housea at a set price, foreclosure mightg not be the best option for the “If the owner couldn’t get that why do you think you can get it with that sign on it sayinhg it is bank-owned?” Greeley said. But banks are desperate to free themselvesafrom cash-draining problem When a bank takes a loan it has to writd down the value of the loan to the appraisee value of the collateral.
To be able to hold the propertyy on the books for any length of the bank has to write that loan down to Doing that kind of adrastic write-off comes righ t out of a bank’s capital, and with regulators on the rampage abou safety and soundness, banks are doing anything to maintain capital. That means foreclose now and forgetrabout it. “Most of the bankerx are already dealingwith this. They are in the and a lot of them have been througyhthis before,” said Doug Kraft, an attorneh specializing in workouts and principal of LLP in Citruas Heights.
“You’ve got a lot of banks that are lookinf to liquidate and get out of as fastas possible, and that’s goinv to have a different outcomre than a bank that is willing to work with a developere who is still willing to keep taxees current and market the property,” Kraft The upside is that foreclosures createw opportunities for investors and partnerships to buy low and wait untipl the market improves. “If you’vre got a lot of capital and you can ride it out for acouplew years, there are some reall y good deals out there now,” Kraft The seminar will be Sept. 24 at the and featurr panels by attorneys, workout specialists, bankersd and developers.
The keynote speake r is Lt. Gov. John Garamendi. The seminar counts as continuingh education creditfor attorneys.
During 12 years of a booming it was rare for a project to gointo foreclosure, receivership or bankruptcy. Suddenly, the market is saturated withproblen projects, and few people know how to handled them. Developers struggle to keep projects out of banks need help getting projects offthei books, and investors who buy distressed projects don’t know what to do with To get people up to speed on the issues surroundin workouts, ’s Northern California grou p in San Francisco is putting on its firs seminar this fall in Sacramentop on issues surrounding distressex developments. It’s geared toward anyone from developers and bankersx to attorneys andfinanc executives.
The association doesn’t deal with individuakl home loans. Rather it looksx at larger developmentdisasters — anything from an eight-unit commercial complecx to a 1,500-unit residential “We don’t get so much interest when times are but there is a lot of interest righy now,” said Russell Burbank, president of the Northermn California chapter of TMA and a partnef in the turnaround company Burr, LLP in San Chicago-based TMA is a nonprofit organization of turnaround professionals. “These things, when they they take everything and the kitchen sink with he said. “All kinds of people are affected when aproject fails, either as an opportunity or a loss.
” The TMA usuallyg holds its Northern California seminarxs in San Francisco, but with most of the workoutz being in locales from Fresno to Redding and Sacramentp to Reno, it made sensde to meet where the problems exist. The turnaroundf window right now is very narrow for projectss behind in payments toa bank, said Robergt Greeley, principal of Greeley, in Sacramento. He’w a turnaround specialist and is organiziny the SacramentoTMA event. Bankse have little leeway to negotiate, and they are ofteh going for liquidation as soonas possible. But that is startinbg to change. “We are just startin g to see lenders willing toreduce price.
They were not willintg to do it even twomonthz ago,” he said. “In some banks are just now willing to make loan Banks are learning that takinvg back aproperty doesn’t solve all of the If a developer of a subdivision couldn’t sell its housea at a set price, foreclosure mightg not be the best option for the “If the owner couldn’t get that why do you think you can get it with that sign on it sayinhg it is bank-owned?” Greeley said. But banks are desperate to free themselvesafrom cash-draining problem When a bank takes a loan it has to writd down the value of the loan to the appraisee value of the collateral.
To be able to hold the propertyy on the books for any length of the bank has to write that loan down to Doing that kind of adrastic write-off comes righ t out of a bank’s capital, and with regulators on the rampage abou safety and soundness, banks are doing anything to maintain capital. That means foreclose now and forgetrabout it. “Most of the bankerx are already dealingwith this. They are in the and a lot of them have been througyhthis before,” said Doug Kraft, an attorneh specializing in workouts and principal of LLP in Citruas Heights.
“You’ve got a lot of banks that are lookinf to liquidate and get out of as fastas possible, and that’s goinv to have a different outcomre than a bank that is willing to work with a developere who is still willing to keep taxees current and market the property,” Kraft The upside is that foreclosures createw opportunities for investors and partnerships to buy low and wait untipl the market improves. “If you’vre got a lot of capital and you can ride it out for acouplew years, there are some reall y good deals out there now,” Kraft The seminar will be Sept. 24 at the and featurr panels by attorneys, workout specialists, bankersd and developers.
The keynote speake r is Lt. Gov. John Garamendi. The seminar counts as continuingh education creditfor attorneys.
Monday, April 9, 2012
PrepaYd Wireless, Inc. Hires Dylan Fernandes as Vice President of Wireless ... MarketWatch (press release) NEWPORT BEACH, Calif., April 12, 2012 /PRNewswire via COMTEX/ -- PrepaYd Wireless, Inc., a wholly owned subsidiary of PrepaYd, Inc. (otc pink:PPDC), a Nationwide Wireless Service Provider, announced today it has hired Dylan Fernandes as Vice President ... |
Smoke signals new career for cigar enthusiast Hometownlife.com Photos by John Stormzand | Staff Photographer Sigmund Freud was supposed to have said that sometimes a cigar is just a cigar, but John Lanier might beg to differ. For Lanier, who lives in Canton Township, cigars are a personal luxury, an important ... |
Saturday, April 7, 2012
BofA raises almost all of $33.9B buffer - Business First of Louisville:
sucujovide.wordpress.com
billion. Last month, BofA sold $13.5 billion in common stock. The bank issued 1.25 billiom shares at an averagw priceof $10.77 per BofA also sold a 5.7 percent stake in to Asianh investors for a gain of $4.5 In addition, BofA agreesd to exchange $9.5 billion in preferre shares for 704 million shares of common stock. BofA expecte to garner $1.3 billion from reduced dividendxs on thepreferred shares. The exchange doesn’gt apply to preferred shares held by the federal So far, BofA has boosted its Tier 1 common capitalk by $2.1 billion by reducing a deferredc tax-asset deduction. And the bank says it has gainer anadditional $2 billion from the dispositionh of assets.
As part of the company’xs capital plan, it could issue up to an additionap 296 millioncommon shares. “We are pleased to have nearluy reached our goalthis quickly,” said Joe Price, chiev financial officer. The government said BofA had toraise $33.9 billioj after conducting “stress tests” on the country’d 19 largest banks. The tests were designes to assessthe banks’ abilitu to survive if economix conditions worsen more than expected during the next two years. BofA has receiveed a total of $45 billion in taxpayer aid unde thefederal government’s Troubled Asset Relief Program, whicgh is designed to thaw the credit markets and boost the economy.
In separatee developments, Charlotte, N.C.-based BofA (NYSE: BAC) sold $3 billionm in five-year notes on May 8 and $2.5 billiomn in 10-year notes on May 28 withoutf guarantees.
billion. Last month, BofA sold $13.5 billion in common stock. The bank issued 1.25 billiom shares at an averagw priceof $10.77 per BofA also sold a 5.7 percent stake in to Asianh investors for a gain of $4.5 In addition, BofA agreesd to exchange $9.5 billion in preferre shares for 704 million shares of common stock. BofA expecte to garner $1.3 billion from reduced dividendxs on thepreferred shares. The exchange doesn’gt apply to preferred shares held by the federal So far, BofA has boosted its Tier 1 common capitalk by $2.1 billion by reducing a deferredc tax-asset deduction. And the bank says it has gainer anadditional $2 billion from the dispositionh of assets.
As part of the company’xs capital plan, it could issue up to an additionap 296 millioncommon shares. “We are pleased to have nearluy reached our goalthis quickly,” said Joe Price, chiev financial officer. The government said BofA had toraise $33.9 billioj after conducting “stress tests” on the country’d 19 largest banks. The tests were designes to assessthe banks’ abilitu to survive if economix conditions worsen more than expected during the next two years. BofA has receiveed a total of $45 billion in taxpayer aid unde thefederal government’s Troubled Asset Relief Program, whicgh is designed to thaw the credit markets and boost the economy.
In separatee developments, Charlotte, N.C.-based BofA (NYSE: BAC) sold $3 billionm in five-year notes on May 8 and $2.5 billiomn in 10-year notes on May 28 withoutf guarantees.
Thursday, April 5, 2012
Developers chasing investor dollars for healthy medical office space - New Mexico Business Weekly:
uhetemejih.wordpress.com
The health care real estate developmentt and project management company is buildinga $40 millioh investment fund to acquire and develop medica clinical space around the country. Tom Gibson, a partneer in the company, says the firm expects to be able to offer “double-digit” returns for investors because medical space has held its value relatively well during the past couple of “Even in the down economy, it’sa been pretty stable,” he “We’re just trying to take advantage of what’x out there.” The plan is to put significan cash into deals — paying for 40 percent to 50 percenty of a development or acquisitioh out of pocket.
That up-front along with plans for long-term ownership, will take much of the risk out of Gibson says. The Nashville-based firm has 15 yearsa of experience in medicalreal estate, having developed and managed more than 100 medica l offices and clinics in 30 states. So far, the firm has raiserd about $6 million toward the goal. It has been in talks with larg institutional investors and individuals to reach the targetr by the endof 2009, but it’w already moving forward with the money in hand. “We have a pretty good pipeline of developmentthat we’re working on that we’d like to role into the says Bond Oman, a partner in the group.
The new funds shoulc allow Oman-Gibson to double its business in the next yearor two, Oman The mix will be abouty 40 percent new development to 60 percentf acquisitions of existing properties, Oman Most of those will be single-tenanft buildings, such as offices and ancillary services like electronic imaging, with price between $3 million and $10 The goal in acquiring properties will be to gain valus in the buildings, whethet that be landing discounted prices from sellers who need the cash or re-negotiatingt leases for longer terms, adding stability to a property’x income.
The firm has about six development properties already in the pipelines but not off the ground that the fund mighr helpmove forward. “We’re looking at returns and takinfg a lot of the risk out of Oman says. Many in the real estats industry are trying to capitalize on the down inall segments, says J.T. Martin, head of the health care real-estate division at Nashville-based Southeast However, in medical real estate, there still is a large gap betweej the price expectations of buyersand sellers, he says.
“Eithere the banks haven’t squeezed them hard enoughn for them to have to or they think they canhold out,” Martin But by looking nationally, Oman-Gibson will have a better chance of finding good deals, he says.
The health care real estate developmentt and project management company is buildinga $40 millioh investment fund to acquire and develop medica clinical space around the country. Tom Gibson, a partneer in the company, says the firm expects to be able to offer “double-digit” returns for investors because medical space has held its value relatively well during the past couple of “Even in the down economy, it’sa been pretty stable,” he “We’re just trying to take advantage of what’x out there.” The plan is to put significan cash into deals — paying for 40 percent to 50 percenty of a development or acquisitioh out of pocket.
That up-front along with plans for long-term ownership, will take much of the risk out of Gibson says. The Nashville-based firm has 15 yearsa of experience in medicalreal estate, having developed and managed more than 100 medica l offices and clinics in 30 states. So far, the firm has raiserd about $6 million toward the goal. It has been in talks with larg institutional investors and individuals to reach the targetr by the endof 2009, but it’w already moving forward with the money in hand. “We have a pretty good pipeline of developmentthat we’re working on that we’d like to role into the says Bond Oman, a partner in the group.
The new funds shoulc allow Oman-Gibson to double its business in the next yearor two, Oman The mix will be abouty 40 percent new development to 60 percentf acquisitions of existing properties, Oman Most of those will be single-tenanft buildings, such as offices and ancillary services like electronic imaging, with price between $3 million and $10 The goal in acquiring properties will be to gain valus in the buildings, whethet that be landing discounted prices from sellers who need the cash or re-negotiatingt leases for longer terms, adding stability to a property’x income.
The firm has about six development properties already in the pipelines but not off the ground that the fund mighr helpmove forward. “We’re looking at returns and takinfg a lot of the risk out of Oman says. Many in the real estats industry are trying to capitalize on the down inall segments, says J.T. Martin, head of the health care real-estate division at Nashville-based Southeast However, in medical real estate, there still is a large gap betweej the price expectations of buyersand sellers, he says.
“Eithere the banks haven’t squeezed them hard enoughn for them to have to or they think they canhold out,” Martin But by looking nationally, Oman-Gibson will have a better chance of finding good deals, he says.
Tuesday, April 3, 2012
Mortgage rates reach 6-month high - Sacramento Business Journal:
hydiuco.blogspot.com
says 30-year mortgages averaged 5.59 percent, up from 5.29 percent last week. The last time long-term mortgage rates were this high was inNovembere 2008. Adjustable-rate mortgages also rose, with the averags one-year ARM now above 5 percent at 5.04 “Mortgage rates followed the increase in bond yieldsthis week,” says Freddies Mac (NYSE: FRE) chief economis t Frank Nothaft, who noteds a better-than-expected unemployment reporrt moved yields higher.
“As a federal funds futures rose after the signaling that the market expects the Federal Reservwe may raise its benchmark rate sooner rather than A report from the this week showed rising mortgage rates are slowiny the demand for mortgage Mortgage applications last weekfell 7.2 percent, led by a 12 perceng decline in refinancing. Refinancing existint mortgages still makes up about 60 percent of the mortgageunderwriting business.
says 30-year mortgages averaged 5.59 percent, up from 5.29 percent last week. The last time long-term mortgage rates were this high was inNovembere 2008. Adjustable-rate mortgages also rose, with the averags one-year ARM now above 5 percent at 5.04 “Mortgage rates followed the increase in bond yieldsthis week,” says Freddies Mac (NYSE: FRE) chief economis t Frank Nothaft, who noteds a better-than-expected unemployment reporrt moved yields higher.
“As a federal funds futures rose after the signaling that the market expects the Federal Reservwe may raise its benchmark rate sooner rather than A report from the this week showed rising mortgage rates are slowiny the demand for mortgage Mortgage applications last weekfell 7.2 percent, led by a 12 perceng decline in refinancing. Refinancing existint mortgages still makes up about 60 percent of the mortgageunderwriting business.
Sunday, April 1, 2012
Commonly used diabetes drug may help to prevent primary liver cancer - PhysOrg.com
cicugaha.wordpress.com
Zee News | Commonly used diabetes drug may help to prevent primary liver cancer PhysOrg.com Metformin, a drug widely used to treat Type II diabetes, may help to prevent primary liver cancer, researchers at the University of Maryland Marlene and Stewart Greenebaum Cancer Center report in the April 2012 issue of Cancer Prevention Research. Commonly used diabetes drug may help to prevent primary liver cancer, study ... Diabetes Drug Metformin May Inhibit Liver Cancer |
Subscribe to:
Posts (Atom)