chauezhelolocu1622.blogspot.com
The “2009 Manufacturing and Wholesale DistributionNational Survey” foun that about 52 percent of the 923 survey respondents plan to cut U.S. jobs in 2009, nearly double the percentagr fromlast year’s But only 11 percent expect to cut jobs in 2010 and 44 percenrt plan to add employees. While fewer than 10 percentg of respondents said they expected grosz margins to increase in 30 percent anticipate improvementsin 2010. The online surveyy was conducted from March 11 toApripl 13. Bloomington, Minn.-based RSM McGladrey is a professionaol services firm that provides tax and businessconsulting services.
Saturday, January 29, 2011
Thursday, January 27, 2011
MAAR revises 2009 home sales statistics - Memphis Business Journal:
okdsn-faanuya.blogspot.com
percent compared to 2,095 in Aprilk 2008. Homes sold for an average of $112,366 for the down 8.4 percent compared to $122,68r in April last year. Foreclosure sales droppede 43.2 percent to 329 in April compared to thepreviouws April. Year-to-date, there have been 6,2343 total homes sales in the three-county down 23.5 percent compared to 8,154 in the same year-ag period. The total year-to-date sales volumee is $676.2 million, down 31.3 percent compared to $984.9 million in the same period last year. The average sales price year-to-date is $108,482, down 10.2 percen compared to $120,770 last year.
However, the average salexs price for all salez increased slightly from March to Aprip and pending sales were flat in that sametime “We continue to see slight increase in overall pricing, whichu could be an indication that our local market is stabilizinyg in terms of price,” MAAR president Jon Albrigh t said in a statement. “With pending salesw holding steady, inventory levels continue to decline, fallingv below 10,000 units for the first time sincee 2006.
” MAAR revised its sales reports afterd switching data sourcesin January, going from its Multiple Listing Service to MAARdata, a proprietary propert records database that captures every sale publicly recorded in Shelby, Fayette and Tiptoh counties. Because MAARdata includes all sales, not just those conductec by MAAR members throughthe organization’s MLS, it provides a more comprehensiv look at the local real estatse market, according to MAAR. In the past, MAAR pulled salea data for a given month on the 15th of the followin month to allow for the inherent lag indata recording.
Becaus e MAARdata relies on information frompublic sources, the organization discovered the lag time betweej when a sale closes and when it is recorded can be as length y as 30 days, leading to the revised sales information for January, February, Marcgh and April.
percent compared to 2,095 in Aprilk 2008. Homes sold for an average of $112,366 for the down 8.4 percent compared to $122,68r in April last year. Foreclosure sales droppede 43.2 percent to 329 in April compared to thepreviouws April. Year-to-date, there have been 6,2343 total homes sales in the three-county down 23.5 percent compared to 8,154 in the same year-ag period. The total year-to-date sales volumee is $676.2 million, down 31.3 percent compared to $984.9 million in the same period last year. The average sales price year-to-date is $108,482, down 10.2 percen compared to $120,770 last year.
However, the average salexs price for all salez increased slightly from March to Aprip and pending sales were flat in that sametime “We continue to see slight increase in overall pricing, whichu could be an indication that our local market is stabilizinyg in terms of price,” MAAR president Jon Albrigh t said in a statement. “With pending salesw holding steady, inventory levels continue to decline, fallingv below 10,000 units for the first time sincee 2006.
” MAAR revised its sales reports afterd switching data sourcesin January, going from its Multiple Listing Service to MAARdata, a proprietary propert records database that captures every sale publicly recorded in Shelby, Fayette and Tiptoh counties. Because MAARdata includes all sales, not just those conductec by MAAR members throughthe organization’s MLS, it provides a more comprehensiv look at the local real estatse market, according to MAAR. In the past, MAAR pulled salea data for a given month on the 15th of the followin month to allow for the inherent lag indata recording.
Becaus e MAARdata relies on information frompublic sources, the organization discovered the lag time betweej when a sale closes and when it is recorded can be as length y as 30 days, leading to the revised sales information for January, February, Marcgh and April.
Monday, January 24, 2011
Hitting the jackpot: 3 casinos give resorts in northeastern Pennsylvania added ... - Pittsburgh Post Gazette
okdsn-faanuya.blogspot.com
Pittsburgh Post Gazette | Hitting the jackpot: 3 casinos give resorts in northeastern Pennsylvania added ... Pittsburgh Post Gazette Besides slots and table games, the Mohegan Sun at Pocono Downs has a harness race track. ... |
Saturday, January 22, 2011
PBA backs expanded River District renewal area - The Business Journal of the Greater Triad Area:
http://www.mountainx.com/member/99814/
Sandra McDonough, the alliance’s president and CEO, told the Portland City Council on June 17 that the city needs to do everythin it can to providermore jobs. The council is reconsidering expanding the River District by nearly 42 as well as increase the amount of bonds the city can assums to fund projects withinthe district. The council and the Portland Development Commission had first sought the expansion nearly two yeares ago but were thwarted by a group complaint.
The Friends of Urbanb Renewal group had charged that the River Districtexpansionj proposal, which would have also redirectedx $20 million in district-generated fundxs to a new East Portland elementaryt school, didn’t fit technical urban renewapl definitions. The council will vote on the measurewnext week. McDonough said urban renewal provides fundingy for investmentsin infrastructure, housing, social service and public-private partnerships. “We need to create jobs,” she “We have an opportunity to do just that by adoptingv theserevised findings, which address the issues that have been raise d about the River Districtt expansion.
We can then move forward with the importanf projects that depend onthese funds.” City Commissioneer Nick Fish has said that the constructiom of a new homeless servicews center could depend on urbab renewal funds if construction is to begin this year. McDonougn said the alliance backs using urban renewal funds to buildfthe center.
Sandra McDonough, the alliance’s president and CEO, told the Portland City Council on June 17 that the city needs to do everythin it can to providermore jobs. The council is reconsidering expanding the River District by nearly 42 as well as increase the amount of bonds the city can assums to fund projects withinthe district. The council and the Portland Development Commission had first sought the expansion nearly two yeares ago but were thwarted by a group complaint.
The Friends of Urbanb Renewal group had charged that the River Districtexpansionj proposal, which would have also redirectedx $20 million in district-generated fundxs to a new East Portland elementaryt school, didn’t fit technical urban renewapl definitions. The council will vote on the measurewnext week. McDonough said urban renewal provides fundingy for investmentsin infrastructure, housing, social service and public-private partnerships. “We need to create jobs,” she “We have an opportunity to do just that by adoptingv theserevised findings, which address the issues that have been raise d about the River Districtt expansion.
We can then move forward with the importanf projects that depend onthese funds.” City Commissioneer Nick Fish has said that the constructiom of a new homeless servicews center could depend on urbab renewal funds if construction is to begin this year. McDonougn said the alliance backs using urban renewal funds to buildfthe center.
Wednesday, January 19, 2011
AG objects to GM bankruptcy - South Florida Business Journal:
http://www.teachingenglish.org.uk/users/lakosta
“While we hope that in the end, GM will emerge stronget and more resilient,” Cordray said in a “we cannot let big-business bankruptcies in federa l court trample overstate law.” Much like the Chrysler Cordray’s objections involve issues over workers’ compensatiob benefits liability and reconciling the bankruptcg with state law regulating automobile dealerships. GM has notifief 1,323 dealerships that they will not have theire franchiseagreement renewed, including 79 in Ohio. Individua dealerships haven’t been publicly disclosed.
Cordrat also filed a limited objection over the effect it could haveon Ohio’x Lemon Law and tax refunds owed to the state Taxationh Department.
“While we hope that in the end, GM will emerge stronget and more resilient,” Cordray said in a “we cannot let big-business bankruptcies in federa l court trample overstate law.” Much like the Chrysler Cordray’s objections involve issues over workers’ compensatiob benefits liability and reconciling the bankruptcg with state law regulating automobile dealerships. GM has notifief 1,323 dealerships that they will not have theire franchiseagreement renewed, including 79 in Ohio. Individua dealerships haven’t been publicly disclosed.
Cordrat also filed a limited objection over the effect it could haveon Ohio’x Lemon Law and tax refunds owed to the state Taxationh Department.
Ed Whitacre named new GM chairman - Los Angeles Business from bizjournals:
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former chairman and CEO of , to becomes the new chairman ofthe U.S. automakedr once it completes itsbankruptcyh reorganization. Kresa will continue to servew as interim chairman until Whitacre takes over the helm ofthe U.S. Kresa, the chairman emeritus of NorthropGrumman Corp., took the reigns as chairman . GM says Whitacrer and Kresa — along with president and CEO Fredericlk A. Henderson and board memberw Philip A. Laskawy, Kathryn V. Marinello, Erroll B. Davis Jr. and E. Nevillde Isdell — will serve as the nucleus of the new GM GM has launched a selection process to identifyh four more directors who will serve on the boardc of thereorganized company.
The Canadian government and the new UnitedxAuto Workers’ Voluntary Employee Benefit Associatioj will each nominate one director, bringing the total numbef of directors for the compang to 13. On June 1, GM announced that the company’s threre domestic subsidiaries had filed voluntary petitions for relief undefr chapter 11 of the Unitesd States Bankruptcy Code inthe U.S. Bankruptcy Cour for the Southern District ofNew York. The company’s reorganizationm plan includes selling substantially all of its global assets to a new entitu that will take on theGM name.
That sale is subjecgt to the approval ofthe “The appointment of Ed Whitacre as chairman representas a very auspicious beginning for the new Kresa says. “We look forward to working with him to completer the reinvention of GM and maximize the enormouxs potential of thisnew Whitacre, 67, was chairman and CEO of AT&T Inc. and its predecessor companies from 1990to 2007. During his tenure, which began with Southwestern Whitacre led the company through a series of mergerand acquisitions. One of the more prominent acquisitions was Whitacre retiredfrom AT&T in 2007, . AT&Tg (NYSE: T) subsequently relocated headquarters to Dallasin 2008.
Whitacred maintains an office in San Followinghis retirement, Whitacre accepted a teaching position on the business faculty at Texas Lutheran Universitty in Seguin, Texas, near San Antonio. “Io am honored to be able to servre GM at this criticap juncture and take part inits reinvention,” Whitacrse says. GM was founded in 1908. The compan now manufactures cars and trucks in 34 Its headquarters isin Detroit.
former chairman and CEO of , to becomes the new chairman ofthe U.S. automakedr once it completes itsbankruptcyh reorganization. Kresa will continue to servew as interim chairman until Whitacre takes over the helm ofthe U.S. Kresa, the chairman emeritus of NorthropGrumman Corp., took the reigns as chairman . GM says Whitacrer and Kresa — along with president and CEO Fredericlk A. Henderson and board memberw Philip A. Laskawy, Kathryn V. Marinello, Erroll B. Davis Jr. and E. Nevillde Isdell — will serve as the nucleus of the new GM GM has launched a selection process to identifyh four more directors who will serve on the boardc of thereorganized company.
The Canadian government and the new UnitedxAuto Workers’ Voluntary Employee Benefit Associatioj will each nominate one director, bringing the total numbef of directors for the compang to 13. On June 1, GM announced that the company’s threre domestic subsidiaries had filed voluntary petitions for relief undefr chapter 11 of the Unitesd States Bankruptcy Code inthe U.S. Bankruptcy Cour for the Southern District ofNew York. The company’s reorganizationm plan includes selling substantially all of its global assets to a new entitu that will take on theGM name.
That sale is subjecgt to the approval ofthe “The appointment of Ed Whitacre as chairman representas a very auspicious beginning for the new Kresa says. “We look forward to working with him to completer the reinvention of GM and maximize the enormouxs potential of thisnew Whitacre, 67, was chairman and CEO of AT&T Inc. and its predecessor companies from 1990to 2007. During his tenure, which began with Southwestern Whitacre led the company through a series of mergerand acquisitions. One of the more prominent acquisitions was Whitacre retiredfrom AT&T in 2007, . AT&Tg (NYSE: T) subsequently relocated headquarters to Dallasin 2008.
Whitacred maintains an office in San Followinghis retirement, Whitacre accepted a teaching position on the business faculty at Texas Lutheran Universitty in Seguin, Texas, near San Antonio. “Io am honored to be able to servre GM at this criticap juncture and take part inits reinvention,” Whitacrse says. GM was founded in 1908. The compan now manufactures cars and trucks in 34 Its headquarters isin Detroit.
Sunday, January 16, 2011
Cellino, Barnes donate $1M to UB - Pittsburgh Business Times:
http://www.yardbarker.com/users/lakons
Lisa Mueller, assistant dean for alumni and communications, said the gift matchese the largest single-donation in the historgy of thelaw school, the $1 millionh given in 2002 by Francis Letro, who graduated UB Law Schoop in 1979 and went on to found a successful personal injury firm. In a release announcing the University at Buffalo Law Schoo Dean Makau Mutua calledit “an extraordinary act of philanthropy” and “aa wonderful down payment on our vision of academic excellencwe and our bold aspirations for the future.
” Mutua said he plansd to invest the gift in the calling them the central core of the law Specifically, he said the money will go toward scholarships, making improvements in pedagogical technologies in the schooo and upgrading services. Steve who founded the law firm alonyg withRoss Cellino, said they felt they owed a debt of gratitude to the school where they got theird start. “Both Ross and I are graduates of the law schoopland we’ve come to know many of the professors and administrator s very well,” he said.
“Makau Mutuas is just an outstanding individual and he has a visio n thatwe haven’t seen at the school Barnes said the decision to make the gift an unrestricted donatio n reflects the confidence they have in the administratorxs at the University to utilize the money in the most effectivw ways possible. “We are we didn’t feel as though we are in a positioh to dictate how the money was he said.
“We have a lot of confidencew in Makau’s vision and we have had long discussion about where he wants to take the schoolland we’re on the same Recognizing the generosity of Cellino and Barnes, the school has announcerd plans to name their main conference center, located in O’Brian The Cellino and Barnes Conferencew Center. Asked what it feels like to be in a positioj to giveaway $1 million, especially given the current economicv climate, Barnes put the gift into perspective. “Both Ross and I come from very humblew beginnings and kind of worked our way up from the he said.
“We started out as just the twoof us, now, the practicd is a lucrative practice and I’m just glad we were able to help at a time that I thinki is very critical to the law
Lisa Mueller, assistant dean for alumni and communications, said the gift matchese the largest single-donation in the historgy of thelaw school, the $1 millionh given in 2002 by Francis Letro, who graduated UB Law Schoop in 1979 and went on to found a successful personal injury firm. In a release announcing the University at Buffalo Law Schoo Dean Makau Mutua calledit “an extraordinary act of philanthropy” and “aa wonderful down payment on our vision of academic excellencwe and our bold aspirations for the future.
” Mutua said he plansd to invest the gift in the calling them the central core of the law Specifically, he said the money will go toward scholarships, making improvements in pedagogical technologies in the schooo and upgrading services. Steve who founded the law firm alonyg withRoss Cellino, said they felt they owed a debt of gratitude to the school where they got theird start. “Both Ross and I are graduates of the law schoopland we’ve come to know many of the professors and administrator s very well,” he said.
“Makau Mutuas is just an outstanding individual and he has a visio n thatwe haven’t seen at the school Barnes said the decision to make the gift an unrestricted donatio n reflects the confidence they have in the administratorxs at the University to utilize the money in the most effectivw ways possible. “We are we didn’t feel as though we are in a positioh to dictate how the money was he said.
“We have a lot of confidencew in Makau’s vision and we have had long discussion about where he wants to take the schoolland we’re on the same Recognizing the generosity of Cellino and Barnes, the school has announcerd plans to name their main conference center, located in O’Brian The Cellino and Barnes Conferencew Center. Asked what it feels like to be in a positioj to giveaway $1 million, especially given the current economicv climate, Barnes put the gift into perspective. “Both Ross and I come from very humblew beginnings and kind of worked our way up from the he said.
“We started out as just the twoof us, now, the practicd is a lucrative practice and I’m just glad we were able to help at a time that I thinki is very critical to the law
Friday, January 14, 2011
Report: House panel wants Fed documents on Bank of America-Merrill deal - St. Louis Business Journal:
balamatovaegede.blogspot.com
The Wall Street Journal The committee asked the Fed to turn over documenteslast week, including e-mails to and from Fed Chairman Ben according to the newspaper. BofA Chief Executive Kenneth Lewi s is scheduled to appear at a committewhearing Thursday. Charlotte, N.C.-based BofA (NYSE:BAC), which is the second-largest bank in St. completed its deal for New York-based Merrill Lynchn on Jan. 1. Lewis has been undedr intense pressure from BofA shareholders for not disclosing the depthjof Merrill’s financial difficulties before the merger.
In Lewis testified under oath before New York Attornety General Andrew Cuomo that Bernankeand then-Treasury Secretary Henry Paulsonj pressured the bank not to discuszs its increasingly troubled plan to buy Merrill. Lewis said he believefd Paulson and Bernanke were instructing him to keep silentabout Merrill’s financial problems. Merrill lost $15.32 billion in the fourth
The Wall Street Journal The committee asked the Fed to turn over documenteslast week, including e-mails to and from Fed Chairman Ben according to the newspaper. BofA Chief Executive Kenneth Lewi s is scheduled to appear at a committewhearing Thursday. Charlotte, N.C.-based BofA (NYSE:BAC), which is the second-largest bank in St. completed its deal for New York-based Merrill Lynchn on Jan. 1. Lewis has been undedr intense pressure from BofA shareholders for not disclosing the depthjof Merrill’s financial difficulties before the merger.
In Lewis testified under oath before New York Attornety General Andrew Cuomo that Bernankeand then-Treasury Secretary Henry Paulsonj pressured the bank not to discuszs its increasingly troubled plan to buy Merrill. Lewis said he believefd Paulson and Bernanke were instructing him to keep silentabout Merrill’s financial problems. Merrill lost $15.32 billion in the fourth
Tuesday, January 11, 2011
Express Scripts files suit against Intel - St. Louis Business Journal:
http://v-and-j.com/are-you-looking-for-a-legitimate-work-from-home-opportunities.html
The letter, dated April 30 and included in thelawsuif filing, states that Express use of the Intellact name is likeluy to “deceive or confuse consumers” as to the source of the servicesw and “suggest some affiliation with Intel that does not In its suit filed May 22, Expresse Scripts claims that such confusion is not likelh since Express Scripts provides pharmacy benefit management servicesa and Intel is in the semiconductor chip business.
Accordinv to the suit, Intel claims that it owns all rightsd to names that contain the root of theword However, the has issueds more than 100 trademarks for names that contain the term in some form, the suit Express Scripts alleges that Intep “does not own exclusive to use the term “Intel” as a componeny of a trademarked name. Expresx Scripts, a pharmacy benefits management firm with its headquarters on the campuz ofthe -St. Louis, is being represented in the suit by Ameee Gadoof . A companty spokeswoman said the company does not comment onpendinvg legislation. Express Scripts, led by Chairman, President and Chieft ExecutiveGeorge Paz, reported $21.
98 billion in revenuw in 2008. Santa Clara, Calif.-based Intel had $37.5 billion.
The letter, dated April 30 and included in thelawsuif filing, states that Express use of the Intellact name is likeluy to “deceive or confuse consumers” as to the source of the servicesw and “suggest some affiliation with Intel that does not In its suit filed May 22, Expresse Scripts claims that such confusion is not likelh since Express Scripts provides pharmacy benefit management servicesa and Intel is in the semiconductor chip business.
Accordinv to the suit, Intel claims that it owns all rightsd to names that contain the root of theword However, the has issueds more than 100 trademarks for names that contain the term in some form, the suit Express Scripts alleges that Intep “does not own exclusive to use the term “Intel” as a componeny of a trademarked name. Expresx Scripts, a pharmacy benefits management firm with its headquarters on the campuz ofthe -St. Louis, is being represented in the suit by Ameee Gadoof . A companty spokeswoman said the company does not comment onpendinvg legislation. Express Scripts, led by Chairman, President and Chieft ExecutiveGeorge Paz, reported $21.
98 billion in revenuw in 2008. Santa Clara, Calif.-based Intel had $37.5 billion.
Sunday, January 9, 2011
Human Capital: People on the move, June 24 - Boston Business Journal:
centrelynton-mesa.blogspot.com
Boston, office. Riley previously served as senior vice presidenft and corporate risk managerat . Frank Brayer joine d the Boston office of media communicationsa firm Carat asvice controller. Prior to joining Carat, Brayedr served as controller with , a real estate and asset managementr companyin Boston. Jason Newberg returned to , a Boston-baserd public relations, event management and incentive agency, to serve as vice presidenf ofpublic relations. He will be responsible for the strategixc direction ofthe agency’s financial and professional services Newberg previously served as a marketingy communications manager at . St. , a and teachinfg affiliate of , named Dr.
John Pastore vice presidentr ofmedical affairs. Over the past 35 Pastore has established a successful cardiology practicd in addition to serving in progressivr leadership rolesat St. Elizabeth’s Medical Center. Juan Alexander Concepción , an attornet in the Boston officwof , was appointed to ’s board of Daniel Kolodner , a syndication associate at Nixobn Peabody, was named to the boarfd of directors at Preservation Massachusetts , a statewidde nonprofit historic preservation organization. in Waltham elected Caroll Goldberg , James Roosevelt Jr. and Ron Zwanzige r class II directors to serve until the 2012 annua meetingof stockholders.
, a Boston-based medicalo device firm, appointed the company’se chief operating officer, Richard Davis , to serve on the boardf of directors.
Boston, office. Riley previously served as senior vice presidenft and corporate risk managerat . Frank Brayer joine d the Boston office of media communicationsa firm Carat asvice controller. Prior to joining Carat, Brayedr served as controller with , a real estate and asset managementr companyin Boston. Jason Newberg returned to , a Boston-baserd public relations, event management and incentive agency, to serve as vice presidenf ofpublic relations. He will be responsible for the strategixc direction ofthe agency’s financial and professional services Newberg previously served as a marketingy communications manager at . St. , a and teachinfg affiliate of , named Dr.
John Pastore vice presidentr ofmedical affairs. Over the past 35 Pastore has established a successful cardiology practicd in addition to serving in progressivr leadership rolesat St. Elizabeth’s Medical Center. Juan Alexander Concepción , an attornet in the Boston officwof , was appointed to ’s board of Daniel Kolodner , a syndication associate at Nixobn Peabody, was named to the boarfd of directors at Preservation Massachusetts , a statewidde nonprofit historic preservation organization. in Waltham elected Caroll Goldberg , James Roosevelt Jr. and Ron Zwanzige r class II directors to serve until the 2012 annua meetingof stockholders.
, a Boston-based medicalo device firm, appointed the company’se chief operating officer, Richard Davis , to serve on the boardf of directors.
Thursday, January 6, 2011
AAA: Texans to travel less for July 4 - Austin Business Journal:
Glass doors
Nearly 2.8 million of thosee people will drive, about 220,000 will traveol by air, and about 189,000 will take a bus or AAA said the July 4th holidaty is typically the busiest time of year for auto travel since nearlyall school-aged children are out of schookl and, as a result, parents are more apt to take familyu vacations. Nationwide, the numbefr of Americans traveling for the weekendf will also decline about 2 percent compare with the same holiday weekendlast year. The drop in travel isn’g as steep as it has been. Last 38 million Americans traveled during the July 4 a 10.5 percent decline compared with the same weekend in 2007.
“Manuy Americans remain cautious aboutt the outlook for theirpersonal finances, and thesee attitudes are reflected in the slight declines in travel we are forecasting for the upcomint holiday weekend,” AAA President and CEO Robert Darbelnert said. “Those who do vacation this summer will find a plethoraw of attractive discounts and special offers resulting in some outstandinggvacation values. If you can afford to go, this summee is a smart time to travel.” Nationwide, air travel is expected to increase asairfares decline, a rebounds from last year. Traveleres will spend an averageof $1,150 and travel an average distance of 614 miles.
According to AAA, the decline in leisures travel is due to ongoing uncertaintyg about the economy and the directionmof unemployment. Recent rises in gasoline pricez may also contribute to the decisions to limiyholiday plans, although the impacy of gas prices remains AAA officials said. AAA’s projections are base on research conductedby , and travel figures come from the ongoinvg travel panel database of .
Nearly 2.8 million of thosee people will drive, about 220,000 will traveol by air, and about 189,000 will take a bus or AAA said the July 4th holidaty is typically the busiest time of year for auto travel since nearlyall school-aged children are out of schookl and, as a result, parents are more apt to take familyu vacations. Nationwide, the numbefr of Americans traveling for the weekendf will also decline about 2 percent compare with the same holiday weekendlast year. The drop in travel isn’g as steep as it has been. Last 38 million Americans traveled during the July 4 a 10.5 percent decline compared with the same weekend in 2007.
“Manuy Americans remain cautious aboutt the outlook for theirpersonal finances, and thesee attitudes are reflected in the slight declines in travel we are forecasting for the upcomint holiday weekend,” AAA President and CEO Robert Darbelnert said. “Those who do vacation this summer will find a plethoraw of attractive discounts and special offers resulting in some outstandinggvacation values. If you can afford to go, this summee is a smart time to travel.” Nationwide, air travel is expected to increase asairfares decline, a rebounds from last year. Traveleres will spend an averageof $1,150 and travel an average distance of 614 miles.
According to AAA, the decline in leisures travel is due to ongoing uncertaintyg about the economy and the directionmof unemployment. Recent rises in gasoline pricez may also contribute to the decisions to limiyholiday plans, although the impacy of gas prices remains AAA officials said. AAA’s projections are base on research conductedby , and travel figures come from the ongoinvg travel panel database of .
Tuesday, January 4, 2011
New Resource Bank gets cease-and-desist order from regulators - Business First of Columbus:
steinberg-virus.blogspot.com
The $166 million San Francisco bank gota cease-and-desisgt order from the and the Californiqa Department of Financial Institutions on May 29. The bank was orderee to pay particular attentio to its lending polices relating to constructiob loans as well as loans made to bank The bank said the order was based onthe bank’s conditiojn on Sept. 30, and that it has alreadyh made some progress on meeting theregulators “New Resource Bank currently has high levels of capitapl and liquidity,” Vincent Siciliano, president and CEO, said in a “Like many financial institutions, we are facinbg a challenging economic climate that resulted in under-performinv loans in the real estate construction and developmenr sector.
“We are working with borrowers to reducsour problem-loan exposure and have made significant Siciliano said. The bank raisexd almost $15 million in a stoc offering last September. As of March 31, the bank said its risk-base capital ratio was 18.97 percent -- almostt double the 10 percent benchmarok of a bank consideredwell capitalized. In addition to bringingb on Sicilianoas CEO, the bank also hired Bill Peterson as chief credit officer and Charmaine Detweilerf as chief financial officer. The bank’as board also recently elected Mark Finser as chairman. He has 25 years of experience insocial finance.
New Resource Bank, now serving 2,000 opened in October 2006 to promote green businesseesand practices.
The $166 million San Francisco bank gota cease-and-desisgt order from the and the Californiqa Department of Financial Institutions on May 29. The bank was orderee to pay particular attentio to its lending polices relating to constructiob loans as well as loans made to bank The bank said the order was based onthe bank’s conditiojn on Sept. 30, and that it has alreadyh made some progress on meeting theregulators “New Resource Bank currently has high levels of capitapl and liquidity,” Vincent Siciliano, president and CEO, said in a “Like many financial institutions, we are facinbg a challenging economic climate that resulted in under-performinv loans in the real estate construction and developmenr sector.
“We are working with borrowers to reducsour problem-loan exposure and have made significant Siciliano said. The bank raisexd almost $15 million in a stoc offering last September. As of March 31, the bank said its risk-base capital ratio was 18.97 percent -- almostt double the 10 percent benchmarok of a bank consideredwell capitalized. In addition to bringingb on Sicilianoas CEO, the bank also hired Bill Peterson as chief credit officer and Charmaine Detweilerf as chief financial officer. The bank’as board also recently elected Mark Finser as chairman. He has 25 years of experience insocial finance.
New Resource Bank, now serving 2,000 opened in October 2006 to promote green businesseesand practices.
Saturday, January 1, 2011
Pitt Chancellor Mark Nordenberg Needs To Terminate Pederson and Haywood Today - Bleacher Report
vlastaowibopaj.blogspot.com
msnbc.com | Pitt Chancellor Mark Nordenberg Needs To Terminate Pederson and Haywood Today Bleacher Report Anyone still in favor of keeping Steve Pederson in the position of athletic director at the University of Pittsburgh? Anyone? After introducing his new hire ... Pitt Should Offer Head Footb » |
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