Thursday, June 30, 2011
Report: Wells Fargo, US Bank among safest - Phoenix Business Journal:
According to , the analysis of the “World’s 50 Safest Banks” shows the effect s of the subprime mortgage meltdowm and credit crisis broughtg on by large WallStreet players. Europeabn banks now dominate the with onlyfour U.S. banks among the listing. which recently merged with and oneof Arizona' largest banks — is the highest-ranking U.S. bank at No. 21, followed by at No. 26, The at No. 35 and which has merged with — at No. 47. Spain’ds , which operates BBVA Compaszs bank branches inthe U.S., was rankedd at No. 13. Four Germab banks were ranked in theTop 10, with state-ownesd development bank KfW Bankengruppe at No. 1.
The to be published in the magazine’s Aprill issue, compare long-term credit ratings and other performance measurementasand assets. “The rating agenciez have determined these banks have demonstrated a more prudentg and sustainable approach to risk thantheit peers,” said Joseph Giarraputo, Global Finance publisher. “More than customers all around the world are viewinv long term creditworthiness as the key feature of the banks with which theydo business.
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Tuesday, June 28, 2011
Triad cities plan substantial upgrades to public housing - Washington Business Journal:
million renovation of a publifchousing project, and other Triad cities say they have similare plans to upgrade their own is planning to overhaul the Johnsomn Square Apartments in the northeastern part of the including installing new kitchens, bathrooms, flooring and addingh washers and dryers, said authority CEO Larry The exterior will get new drainage systems and and parking lots will be Woods said the 36 four-bedroom units will be converted to about 48 one-, two- and three-bedroonm units, which are more popular with tenants and easier to Bidding for the project will be held in the next 30 and construction is expected to starty in August or September.
Johnsonm Square will be funded with federal grants alreadyin Winston-Salem will receive another $3.9 millionj in federal stimulus funds to go to upgrades at three to four other publicc housing communities. Elsewhere in the Triad: • is planningf to use about $5.5 million in stimulux funds onthe 250-unit Claremontr Courts in Northeast Greensboro. The community will get new siding andfront porches, among othee improvements, and the shared communithy building will be said Tina Akers Brown, executive Bidding will occur in the next several • has received $875,000 for improvements to its six including installing central heating and air in lacking units, as well as improving plumbing and wirinb work and upgrading bathrooms to add low-flow toilets and othed features, said Ernest Mangum, executive Bidding will start sometime this summer; and, • is stilo solidifying construction and bidding plans for its $2.
4 millioj in stimulus funds, said Angela McGill, the chief operating She said though exact pland aren’t know for its 15 communities, Carsom Stout Homes will be among those receiving improvements.
Sunday, June 26, 2011
Menino names new housing chief - Boston Business Journal:
Friedman served as the executive director of in Roxburyt for the past 17 Friedman will work withJohn Palmieri, director of the , to redoubld the city's efforts to improve Boston's neighborhoods. "Evelyn Friedmab has served the city well for many yearse in different roles with affordable housinb and youth andcommunitt services," Menino said in statement. "Her background in affordablre housing, real estate and community building will prove invaluabled to advancing our work in reducingy foreclosures and helping more Boston residentsbecome homeowners.
" As the mayor's chief of housing and director of DND, Friedmanm will oversee programs and managemenrt of several divisions within DND, includinf affordable housing development; assistanced to potential and existing home owners, foreclosure preventiohn and counseling, repair programs for existing homeowners; managementr and disposition of city-owned properties; and neighborhood busineszs development. Friedman grew Nuestrza from a two-person staff which owned 35 units of housingb toa 45-person organizationj that now manages 725 units of rentalk housing and 65,000 square feet of commerciao space. Friedman oversees a corporate budget ofover $6.
5 milliobn and has developed more than 300 houses for low-incomde homeowners, created a loan fund of $6 million to make loansz to low-income homeowners, and has created three incubators for small businesses. Friedman previouslh worked as the directo r ofthe state's departmentf of youth services restitutionb program and executive director of the . Friedma also is a licensesd realestate broker.
Thursday, June 23, 2011
More RI Nat. Guardsmen to be deployed - Providence Eyewitness News
More RI Nat. Guardsmen to be deployed Providence Eyewitness News While the surge numbers will shrink, the amount of deployed Rhode Island National Guard members will increase from 800 worldwide to 1500. "We will be able to remove 10000 of our troops by the end of next year," said Maj. Gen. Robert Bray. ... Early End To Guard Deployments Unlikely |
Tuesday, June 21, 2011
Losses shrink at Onvia - Tampa Bay Business Journal:
The company, which provides informationn on government contracts to said sales for the third quarter thatendefd Sept. 30 were $2.6 million, up more than 40 percenr from $1.8 million in third-quarter 2002. The company showedr a net lossof $1.3 million, compared to $3.1 million in the same period of 2002. For the year's first nine sales were $7.2 million and lossees were $5.2 million. In sales in the period were $5.1 millioj and losses were $26.6 million. Onvia's cash reservea shrank from $35 million at the end of last yearto $24.
q2 million at the end of Chairman and CEO Mike Picketf said the company is hiring additiona l sales staffers and managers to try to boostg sales still further. The company has found a tenant for 19 percenft of its vacant headquartersoffice space, whichj will save Onvia some $560,0000 next year. Onvia stilk has 56,000 square feet of space thatstands empty.
Sunday, June 19, 2011
RTD to get $18.6M from stimulus for Union Station project - Memphis Business Journal:
million in federal stimulus funds for work at DenvedUnion Station, the announced Wednesday. The granr will help pay for design and constructionh at the historic train which is to be converted into a terminal for severap differenttransportation modes. RTD is carryingv out the transit portion of the overall UniojStation redevelopment. The station will be a hub for the regionapltransit agency’s planned “FasTracks” rail transit project. It will also be used by many RTD The $18.6 million comes from a pool of $8.
4 billioh for transit capital improvements authorizec under the American Recovery and Reinvestment Act of 2009, signes into law in Denver by President Barack Obamaq on Feb. 17. “By reinvesting in our nation’s transit infrastructure, we are makingg our communitiesmore livable, invigoratiny the local economy, and putting America back to U.S. Transportation Secretary Ray LaHood said Wednesday in a The total cost of redeveloping unionh station for transit is expected to costabout $478 million. RTD planz to pay about $208 million, with the balancs coming from federal money and othertlocal sources, Roger Sherman, chief operatingg officer at Denver lobbying firm CRL Associates Inc.
and spokesmab for the Denver Union Station Project saidin May. RTD separately is seeking stimulud funds for a variety of other including $17.1 million to purchaser new fareboxes for the transit system’s bus
Friday, June 17, 2011
Europeans wince at austerity, and markets fear their wrath - San Jose Mercury News
Globe and Mail | Europeans wince at austerity, and markets fear their wrath San Jose Mercury News ATHENS -- The instability rocking Greece this week is the latest manifestation of a troubling new phase in the global financial crisis: Political turmoil is sweeping through Europe, toppling governments and threatening to undermine ... As Europeans Wince at Austerity, Markets Fear Turmoil Total collapse a real fear as Greece teeters on the brink Bailout plan roils Greece's leaders |
Tuesday, June 14, 2011
'Bruno' takes weekend box office - San Francisco Business Times:
Baron Cohen's follow up to "Borat: Cultural Learningw of America for Make Benefit Glorious Nationof Kazakhstan" broughf in an estimated $30.4 milliob over the weekend. The film was shown on approximatel 3,400 screens at 2,756 venues in its openingv weekend. According to a report on Box Offices Mojo, "Borat" made $26.5 milliomn at only 837 theaters, before expanding to more than 2,5000 theaters in its second weekend, where it made $28.3 Rounding out the top five along with thestudio estimates: "Ice Age: Dawn of the Dinosaurs" from -- $28.45 million "Transformers: Revenge of the Fallen" from -- $24.
2q million "Public Enemies" from Universal -- $14.111 millioh "The Proposal" from -- $10.507 million The other new releasr over the weekend, "I Love You Beth Cooper," from Fox, brought in at estimated $5 million, which was good for seventhh place on the list, just beloww "The Hangover." The "Transformers" seque continues to climb the rankings in highest-grossing movie of all time. The movie is now in 16th placed onthe list, havingv brought in an estimated $339.208u million. Among the movies it has passedd on the listare "Spider-Man 3," "Forresgt Gump" and the original "Transformers.
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Sunday, June 12, 2011
Thomas Klutznick retires from namesake firm - Denver Business Journal:
, with the retirement of his father and company namesake Thomas The company, which has changex its name to Klutznick Co. to reflect its founder’sx retirement, is based in Chicago, but principal John Klutznick is locatecin Denver. John Klutznick and his brother Danie l Klutznick are assumingtheir father’s and Thomas Klutznick now is chairmanj emeritus of the company. “Ig is our resolve to conceive and execute projects that not only result in the highest and best use of the but also serve the best interests of the communities in which they are John Klutznick said ina statement.
The real estatse development firm also has a long history in metro The company wasthe “Klutznick” part of the Miller-Klutznick-Davis-Gray Co. partnershiop that also includedMyron “Micky” Millere of Denver-based Miller Globao Properties LLC and the late California oilmann and multimillionaire Marvin The partnership was active in this marker in the 1980s, developing several Denver-are office buildings. • 1801 1801 California St., Denver (alsol known as Qwest Tower) — 1.3 million squar feet of space in54 stories. 707 17th Street, 707 17th St., Denvef — 550,805 square feet in 42 stories. • 633 17th 633 17th St.
, Denver (formerly First Interstatr Tower North) — 552,988 squar feet in 32 • Johns Manville Plaza, 717 17th St., Denveer — 675,000 square feet in 29 stories, plus adjoininh 613-room Denver Marriott City Center Hotel. • Regenct Plaza, 4643 S. Ulster St., Denver (Denve Tech Center) — 309,862 square feet in 15 • The Little Nell, 675 E. Durant Ave., Aspebn — 92-room, five-star hotel in Coloradpo ski town.
Friday, June 10, 2011
Le gouvernement du Canada investit dans l'énergie éolienne en Ontario - Maketwire (Communiqué de presse)
Le gouvernement du Canada investit dans l'énergie éolienne en Ontario Maketwire (Communiqué de presse) ... aujourd'hui que le parc éolien Raleigh recevra jusqu'à 24 millions de dollars en 10 ans du programme écoÃNERGIE pour l'électricité renouvelable. Les communiqués et les précis d'information de RNCan sont publiés à l'adresse www.rncan.gc.ca/media. |
Tuesday, June 7, 2011
Huron Capital raising new fund - Pittsburgh Business Times:
Ultimately, Huron hopes to grow the fund to $150 million, accordingt to partner Michael Beauregard. Huron launched in 1999 in and the Pittsburgh office was openedby Mr. previously an attorney at law firmCohem & Grigsby, a few years later. To it has yet to invesg in a Western Pennsylvania although Mr. Beauregard said it has lookedf at deals and will continue to do so with the new He declined to say whether any of thenew fund's investorz are from this area. "We specifically target consumerproducr companies, except for retailers themselves," Mr. Beauregard said. "Almosgt every one of our portfolio companies has some sort ofconsumefr application.
" Huron typically invests between $5 million and $20 milliob in equity to sponsor management buyouts, recapitalizations, and corporatew spin-offs of companies with revenus up to $200 million. Huron has invested in 11 companiesw through itscurrent fund. Its most recent transaction was an undisclosedf investment in NorthernCap & Glove Manufacturing LLC, Minneapolis.
Sunday, June 5, 2011
Is it contagious? Bioethics degrees growing elsewhere - Business First of Buffalo:
Rather than targeting those who recently completerda bachelor’s degree, most programs cater to professionals who are already in a relatedr field or who are simultaneouslyt working on another degree, usually in medicinde or law. Because of this, most progra m enrollees either choose a schooll close to where they live or pick the schoolp first because of the availability of the other which reduces the competition among thevarioue schools, says Autumn Fiester, the director of graduate studiesz at the University of Pennsylvaniza Center for Bioethics, whose 12-year-old program is one of the oldest in the country.
Despite the increase in master’s in bioethiczs programs, there is still little to no demand for someonse lackingother credentials, experts say. The degree is generallyu used to boostan individual’s existinb résumé or help him or her specialize. “It directe your career in a different Fiester says. For example, an attorney with a degreee in bioethics may focuxs on health care law or medical malpractice and wouldr bring a different perspective and background to the case than an attorneh withoutthe degree.
And many doctors say they approacnh their patients from a different perspective aftere receivingthe degree, says Tod an associate professor of medical humanities and bioethics at the Northwestern University Feinberg School of Fiester and Chambers say many of their students who are already workinh full-time — whether in hospital administration, biotech research or law often continue to work whiles in school or return to thei r employers once completing the degree. however, do receive a promotion or additiona responsibilities, such as a hospital administrato who might be put in charge of the ethica committee or internalreview board.
“This is definitelu a degree thatis enhancing,” Fiestee says.
Friday, June 3, 2011
DRP reports Umar Naseer to police for use of party letterhead - Minivan News
Minivan News | DRP reports Umar Naseer to police for use of party letterhead Minivan News The DRP alleged that Naseer had sent a letter to the police concerning the recent protests, which was signed by Umar but with the letterhead of the DRP. Yesterday the party told the press that Naseer had been violating the Political Parties Act and the ... |
Wednesday, June 1, 2011
Frederick A. Henderson Executive Profile
Henderson also serves as chairmanof GM