Tuesday, January 31, 2012
AP index: Cincinnati area
Nationally, the average stress score fellto 9.7, from 10.3 in indicating the economic bad news was easing The AP calculates a scoree for each U.S. county based on its rate of foreclosureand bankruptcy. A county is considerefd “stressed” when the score passes 11. The number of counties fell in April to34 percent, from nearly 40 percenf in February, the AP said in a news Local stress scores for Aprio were: Hamilton County, 10.82; Butler County, Warren County, 11.45; Clermont County, Campbell County, 10.60; Kenton County, 11.75; and Boone County, 10.51.
Bankruptcies and foreclosures were stable acrosws theseven counties, rising or falling less than 1 The jobless rate affected scored the most: Hamilton County, for example, had an unemployment rate of 8.4 percent in April, while the higher-scoring Clermont Countty had a jobless rate of 9.5 Other Ohio counties farex worse, especially those in parts of the statr affected by job losses in the auto and heavyh manufacturing industries. Trumbull County, in northeastern had a stress scoreof 17.04, with an unemployment rate of 14.3 The highest April stress levels were in areasz of California most affected by the housing bust, includinv No.
1-ranked Imperial County, east of San Diego, with a scorre of 30.16, the AP said.
Sunday, January 29, 2012
Colorado places 182 lawyers on 2009 Chambers USA list - Portland Business Journal:
The international legal-rating service each year publishes lists of what it considers to be the top attorneys inseveral business-related disciplines. The 2009 guide, postedr online Friday, lists this many Colorado-basee lawyers in the followingpractice areas: 26 in corporate/mergers and • 21 in environment. • 18 in intellectual • 27 in labofr and employment. • 47 in litigation. • 43 in real Some lawyers are listed more than once under differenytpractice areas. Chambers includes lawyers on its list baseds on interviews with their peerszand clients. Law firms and individual lawyers are ranked in from oneto six, with one beintg the best.
Chambers listed these law firms withColoradio operations, locally based or otherwise, in “band in various practice areas: Corporate/Mergers & Acquisitions: LLP, LLP, LLP, LLP. • LLP, Faegre & Benson, LLP, Holme Roberts Owen. • Intellectual Property: Faegre Benson, LLP. • Labor & Employment: Holland & Hart, LLC. Litigation/General Commercial: LLP, Holland & Hart, O’Donnellk LLP. • Litigation/White-Collar Crime and Government Investigations: Haddon, Morgan, Mueller, Mackey & Foreman PC. Real Estate: LLP, • Real Faegre & Benson, Holland & Hart, Shermamn & Howard.
London-based Chambers publishes guides to the legal profession covering176 nations. The U.S. guide has been publishe since 1999. , searchable by lawyer or firm.
Friday, January 27, 2012
Pending Sales of U.S. Existing Homes Fell in December From a 19-Month High - Bloomberg
Bloomberg | Pending Sales of U.S. Existing Homes Fell in December From a 19-Month High Bloomberg Enlarge image Pending Sales of US Existing Homes Declined Pending Sales of US Existing Homes Declined Jim R. Bounds/Bloomberg A "Sold" sign stands outside an existing home offered through Re/Max International Inc. in Clayton, North Carolina. Brow ard County Pending Sales Rise Reflect Market Strengthening Pending Sales of U.S. Existing Homes Declined 3.5% in December Pending home sales drop from 19-month high hit in November, but remain at ... |
Wednesday, January 25, 2012
Opus Northwest siblings file for bankruptcy - Memphis Business Journal:
The former will seek to liquidate under Chaptefr 7of U.S. Bankruptcy Code and the latter intends to reorganizee underChapter 11. These bankruptcies come on the heelx of the April 22 bankruptchyof , an Opus affiliate based in Minneapolis-based Opus has said it plans to wind down its operationsw in that part of the country as well. Just two of five Opus subsidiarieesremain healthy, west LLC, which is an active developer in Portland, and Opus North LLC, which is basedd in Chicago. Opus Northwest’s recent developmentw in Portland include the successful Bridgeport Villagre shopping centerin Tualatin. At one point, Opus was the ’ s top choice to redevelop theBurnside Bridghead.
In recenr years, the company has concentrated onresidential projects. It recentlhy completed construction of two large apartmenrt projects with a total construction budgetof $150 Ladd Tower is a 332-unit project in downtown Portland and Park 19 is a 101-unitr project in Northwest Portland. "We have have a healthy balance sheet," said Brian vice president and managerd forOpus Northwest's Portland operations. Opus East, based in Md., filed a petition to liquidate its portfolip underChapter 7. In its filing in U.S. Bankruptcy Court for the Districtof Delaware, Opus East said it has between 200 and 999 creditors.
It listed assetsd between $50 million and $100 millio n and liabilities between $100 million and $500 million. It did not identifty creditors. Opus West, based in anticipates filing a voluntary petition of Chapter 11 bankruptcy protectionm inearly July. “Declining real estat e values and tight credit markets continuew to impede the refinancing of assets and restructurinhg oflending agreements,” said Opus CEO Mark Rauenhorstt in a statement. “We regret that this action has proven to be necessary despite the effortas ofso many.
A court-supervised proces s and transfer of distressed assets will assist Opus in reorganizingg and focus on the Opus East has developed morethan 13.3 million squarde feet of space since 1994. Opus West has developed more than 52.7 millionb square feet since 1979. The company said Opus Northu and Opus Northwest have been less affectex bythe recession, due to their mix of project healthy balance sheets and stronger markets. Opus said its developmenyt activity has fallen tojust 4.8 million square feet in 2009, down from 34 million square feet in 2007 and 35 million square feet in 2008.
Sunday, January 22, 2012
UTMB receives cardiology training endowment - Silicon Valley / San Jose Business Journal:
Dr. John C. Pricw created the Melvin L. Price M.D. and Charlesx A. Price D.D.S. Endowment for Cardiology Fellowship Traininyg to supportyoung doctors’ education as they learjn the nuances of treating hear t disease, the leading cause of death in the United Price’s brothers both died of cardiovascular Price said he wanted to establisjh the endowment to ensure that UTMB can traij more cardiologists who will be skilled at helpinvg patients with heart problema make full recoveries.
The value of the endowment wasnot “The twin goals are to provide more effectivew therapy for those with heart disease and to encouragr early identification of individuals at risk for subsequent interventionb to modify and ultimately prevent the morbidity of cardiacx and vascular disease,” said Price, a head and neck In addition to his recent endowment, Price has contributeed to cardiology research at the university to aid the developmentt of new treatments and procedureds that reduce functional impairment and deat h from cardiovascular disease.
Friday, January 20, 2012
Mortgage rates reach 6-month high - Washington Business Journal:
says 30-year mortgages averaged 5.59 percent, up from 5.29 percenty last week. The last time long-ter mortgage rates were this high was inNovembee 2008. Adjustable rate mortgages also rose, with the averaged one year ARM now above 5 percentat 5.04 percent. “Mortgage rateds followed the increase in bond yields this says FreddieMac (NYSE: FRE) chier economist Frank Nothaft, who notes a better-than-expecteed unemployment report moved yields higher. “As a federal funds futures rose afterthe report, signaling that the market expects the Federal Reserve may raise its benchmark rate soonet rather than later.
” A report from the this week showeds rising mortgage rates are slowing the demand for mortgage refinancing. Mortgage applications last weekfell 7.2 led by a 12 percenrt decline in refinancing. Refinancing existing mortgages still makes up aboutf 60 percent of the mortgagseunderwriting business.
Wednesday, January 18, 2012
Sterlite favours mutually agreed price for buyback - Hindu Business Line
Sterlite favours mutually agreed price for buyback Hindu Business Line Vedanta group company Sterlite has favoured a mutually agreed price for buying back the Government's residual stake in aluminium company Balco. For Hindustan Zinc, it has requested adoption of the formula devised by the Securities and Exchange Board of ... |
