http://www.voipnotice.net/pointer/60742/then3/
Financing for the purchase, which was made throughn an NTS affiliate, , was provided by the , accordingh to a news release. The purchase price was not The previous owner was PlainviewwApartments LP, a Denver-based investment according to online records from the Jefferson County Propertu Valuation Administrator and the Kentucky Secretary of Its assessed value for tax purposes is $9.7 according to the PVA Web Occupancy at the time of the purchasee was about 94 percent, the release said.
NTS planw to enhance and renovate the property but no details were disclosed in the The apartment complex was developed as part of the Plainviewplannefd community, which includes 800 single-family homes, more than 1,000 apartments, 500 town homes, multiple shopping centers and nearlg 2 million square feet of office NTS began construction and development of the plannede community, Louisville’s first, in the earlu 1970s. With the acquisition, NTS Developmeng Co. and its affiliates now own four apartmengt communitiesin Louisville. Its other holdings in the area are HurstbournsGrand Apartments, The Overlook at St.
Thomas and The Willows of NTS also manages 14 other apartment communities and 31 commerciall properties with more than 5 million feetof office, retail and warehousr space in the Southeast.
Wednesday, March 30, 2011
Tuesday, March 29, 2011
Climate heats up for Bay Area-China ties - San Francisco Business Times:
belyaevostapuki.blogspot.com
And the Bay Area is jockeying to play aleadinyg role. Much of China’s existing officre and residential space is inserious disrepair. But China is movingb quickly tofix this. By China is expected to renovate 25 percent of its residentialk and public buildings in Shanghai and othee large cities as well as 10 perceng to 15 percent insmallefr cities, according to an analysis from UK-basec public relations firm Weber Shandwick. China’s Buildingb Code, similar to the U.S. LEED green building standards, will create a green buildinbg design and materials markettotalling $1.5 trilliobn by 2020, according to ’s China’sd Clean Revolution report.
China also now accounts for 24 percen of annual global greenhousegas emissions, up from 7 percentf prior to 2002. New construction is one major The opportunityis obvious, said Aaron Singer, managinfg general partner of Sausalito-based , a research firm that connectas green building materials companies to funding. “Chinas is simply a gigantic, fertile marker for building technologies,” said Singer, who was in China last week scopingf for new technologies andinvestment opportunities. whose population is nearly thre e times theBay Area’s, is China’s largest city. And it is the promisedf land for developers.
Dozens of construction crane s dot the skyline from almostfevery view, replacing housing builyt in the 1930s with new highrises and high-end retail to accommodate new foreighn investors opening offices here, multinationals living here and a wealth y new business class. Other towera are being built on the outskirts of town to houses rural migrants employed in the city or thoss displaced bynew construction. Bay Area architects have been amongy the most visible professionals capitalizingon China’ss growth, with several Bay Area firms workingf on projects here. They include , and , which is designinbg the second-tallest building in the world inthe city.
Besidexs a new freedom Jeff Heller found in designingbthe 377,000-square-foot, 26-story tower that recently broke ground his first in China there’s a more immediate reason he’se opening a new office here: it’s whered the work is. “Because of the credit crisis, we have to be Heller said. Meanwhile San Francisco, througj the business association andother groups, has been workintg on forging transpacific partnerships with Shanghai that will make it easiere for Bay Area companies to develop and deploy thei technologies here. Last week, the Bay Area Councikl and Chinese real estate developer Shui On Land hostedf thefirst U.S.
China Green Tech San Francisco Mayor Gavin Newsom gave the keynotde address and announced the opening of a new economic development offic e that will help Chinese businesses open officezs inSan Francisco, the day before the conference About 400 business leaders, investors and policy makers from both the U.S. and China attendede the conference aimed atcreating clean-technology partnerships between China and the Unitedr States. “We think growth is really going to slow down inthe U.S. and we see our greatesrt opportunities in theglobao market,” said Mike Yahng, who runs ’z China office in Shanghai for .
It is vying to open a banking branch, which could take another two-and-a-halfd years. “If you don’t have a global platform today, you’rw really going to miss out.” A key playeer in the cross-pacific partnershipl development effort is real estatew developer Shui On whose giant luxury projects are transforminv Shanghai and other largeChinesee cities. David Nieh, a former Bay Area architectr and planner, now generaol manager for Shui On Land in said the company is pursuing strategic partnershipd across theglobe — but especially in the Bay “Shui On Land is really uniquelhy positioned to bring a lot of products and services integrated into our Nieh said.
“And once we start doint that on alarge scale, the marketx will start to demand it and people will follo w our lead. That starts this circle betweenthe U.S. and Shui On said it’s looking at productx by Serious Materials, a San Jose-based green buildin materials startup, and other technologies developedc in the Bay Area inenerguy efficiency, waste and water systems. The firm currently has entitlementes for 190 million square feet in eight developmentsacrossz China. Just one, in Chong Quinfg province, includes 99 40-story Given the scale of its projects, Shui On is a needle-mover on the environment.
And the Bay Area is jockeying to play aleadinyg role. Much of China’s existing officre and residential space is inserious disrepair. But China is movingb quickly tofix this. By China is expected to renovate 25 percent of its residentialk and public buildings in Shanghai and othee large cities as well as 10 perceng to 15 percent insmallefr cities, according to an analysis from UK-basec public relations firm Weber Shandwick. China’s Buildingb Code, similar to the U.S. LEED green building standards, will create a green buildinbg design and materials markettotalling $1.5 trilliobn by 2020, according to ’s China’sd Clean Revolution report.
China also now accounts for 24 percen of annual global greenhousegas emissions, up from 7 percentf prior to 2002. New construction is one major The opportunityis obvious, said Aaron Singer, managinfg general partner of Sausalito-based , a research firm that connectas green building materials companies to funding. “Chinas is simply a gigantic, fertile marker for building technologies,” said Singer, who was in China last week scopingf for new technologies andinvestment opportunities. whose population is nearly thre e times theBay Area’s, is China’s largest city. And it is the promisedf land for developers.
Dozens of construction crane s dot the skyline from almostfevery view, replacing housing builyt in the 1930s with new highrises and high-end retail to accommodate new foreighn investors opening offices here, multinationals living here and a wealth y new business class. Other towera are being built on the outskirts of town to houses rural migrants employed in the city or thoss displaced bynew construction. Bay Area architects have been amongy the most visible professionals capitalizingon China’ss growth, with several Bay Area firms workingf on projects here. They include , and , which is designinbg the second-tallest building in the world inthe city.
Besidexs a new freedom Jeff Heller found in designingbthe 377,000-square-foot, 26-story tower that recently broke ground his first in China there’s a more immediate reason he’se opening a new office here: it’s whered the work is. “Because of the credit crisis, we have to be Heller said. Meanwhile San Francisco, througj the business association andother groups, has been workintg on forging transpacific partnerships with Shanghai that will make it easiere for Bay Area companies to develop and deploy thei technologies here. Last week, the Bay Area Councikl and Chinese real estate developer Shui On Land hostedf thefirst U.S.
China Green Tech San Francisco Mayor Gavin Newsom gave the keynotde address and announced the opening of a new economic development offic e that will help Chinese businesses open officezs inSan Francisco, the day before the conference About 400 business leaders, investors and policy makers from both the U.S. and China attendede the conference aimed atcreating clean-technology partnerships between China and the Unitedr States. “We think growth is really going to slow down inthe U.S. and we see our greatesrt opportunities in theglobao market,” said Mike Yahng, who runs ’z China office in Shanghai for .
It is vying to open a banking branch, which could take another two-and-a-halfd years. “If you don’t have a global platform today, you’rw really going to miss out.” A key playeer in the cross-pacific partnershipl development effort is real estatew developer Shui On whose giant luxury projects are transforminv Shanghai and other largeChinesee cities. David Nieh, a former Bay Area architectr and planner, now generaol manager for Shui On Land in said the company is pursuing strategic partnershipd across theglobe — but especially in the Bay “Shui On Land is really uniquelhy positioned to bring a lot of products and services integrated into our Nieh said.
“And once we start doint that on alarge scale, the marketx will start to demand it and people will follo w our lead. That starts this circle betweenthe U.S. and Shui On said it’s looking at productx by Serious Materials, a San Jose-based green buildin materials startup, and other technologies developedc in the Bay Area inenerguy efficiency, waste and water systems. The firm currently has entitlementes for 190 million square feet in eight developmentsacrossz China. Just one, in Chong Quinfg province, includes 99 40-story Given the scale of its projects, Shui On is a needle-mover on the environment.
Sunday, March 27, 2011
Private equity fundraising down year-over-year - Houston Business Journal:
stony-coating.blogspot.com
A new study released Wednesdayh by Dow Jones Private Equity Analysrtsaid $54.9 billion was raised by 173 private equity funds in the firstt half of 2009 from pension funds, university endowments, foundations and other investors. As of June 30, 261 funds raised $152.7 billion, and for the full $287.5 billion was second highest totalin history. But the studyg also said there were signs the fundraisingb market may be improving as the stock markef showed more stability in the seconcd quarter and the institutions and firms that invesgt in private equity funds as limite d partners had a better understanding of the state of their ownbalance sheets.
The study said leveraged buyouft and corporate finance funds continue to attract the largesty proportion ofcapital investment. In the first half of 73 buyout fundsraised $28.7u billion, almost three-fourths less than last Funds also have smaller goals. Just three were tryinb to raise morethan $8 billion. The diceh economy has prompted manypensionh funds, endowments and foundations to try to sell their privatee equity fund stakes, the study Secondary funds, which pool capital form investoras to purchase existing stakes in private equity frequently at reduced prices, have seen increased investor interest as 18 secondary funds have raised $13. billion.
That set a new annual record for the secondarty fund category with another six months leftto go. Venture capital funds saw similarr drops as 51 firms raisef acombined $5.1 billion by June 30, compared to $13.6 billion raised by 115 a year ago. The worst first-half total for venture capital funds was in 2003 when 34 fundsraiseed $2.2 billion.
A new study released Wednesdayh by Dow Jones Private Equity Analysrtsaid $54.9 billion was raised by 173 private equity funds in the firstt half of 2009 from pension funds, university endowments, foundations and other investors. As of June 30, 261 funds raised $152.7 billion, and for the full $287.5 billion was second highest totalin history. But the studyg also said there were signs the fundraisingb market may be improving as the stock markef showed more stability in the seconcd quarter and the institutions and firms that invesgt in private equity funds as limite d partners had a better understanding of the state of their ownbalance sheets.
The study said leveraged buyouft and corporate finance funds continue to attract the largesty proportion ofcapital investment. In the first half of 73 buyout fundsraised $28.7u billion, almost three-fourths less than last Funds also have smaller goals. Just three were tryinb to raise morethan $8 billion. The diceh economy has prompted manypensionh funds, endowments and foundations to try to sell their privatee equity fund stakes, the study Secondary funds, which pool capital form investoras to purchase existing stakes in private equity frequently at reduced prices, have seen increased investor interest as 18 secondary funds have raised $13. billion.
That set a new annual record for the secondarty fund category with another six months leftto go. Venture capital funds saw similarr drops as 51 firms raisef acombined $5.1 billion by June 30, compared to $13.6 billion raised by 115 a year ago. The worst first-half total for venture capital funds was in 2003 when 34 fundsraiseed $2.2 billion.
Friday, March 25, 2011
Deal averts NYS layoffs - Business First of Buffalo:
stages-paddocks.blogspot.com
Under the terms of the agreement reachedf between Paterson andthe unions, New York will reduces the state’s payroll by encouraging employeee in specific positions to take a cash buyou to leave state service. The unions said the buyoug offers will be available to all employees in thetargeted positions. Paterson had announced plans to cutnearlyt 9,000 state workers. “This agreement is a huge win forNew York’w taxpayers and will lead to the most significant reform of our publivc pension system in decades,” Paterson said.
“Thiz is real reform to the pension system whic will substantially reduce costs to the taxpayers of New York According tothe governor’s the deal will reduce the state’s workforce by about 7,0090 positions and save taxpayers about $440 milliomn over the next two years. A voluntary reduction in work schedulew will alsobe implemented. The estimated savings are roughly the amount that was projected to be savexd through the proposed layoffs that were announcexdin March. “This agreement means a smaller state work savingsfor taxpayers, and a new pension tier that providea long-term fiscal stability for the Paterson said.
“As I have said from the beginninb ofthis process, my overriding goal was to achieve needefd savings and workforce cost while at the same time avoidingb large scale layoffs during the worstg economic downturn in a generation. This agreementy achieves those objectives in a compassionate and fiscallyresponsible way.” A targeted, one-time $20,009 retirement incentive payment will be offered to approximately 4,500 Incentives must be approved by each respectives agency and the Division of the Budgeg and will only be provided to individuals in positions that will be permanentlyh abolished.
Additionally, approximately 2,500 fundedx positions that are currently vacant will be permanently The new Tier V pension tier would applg only tonew employees. Other key components • Raising the minimum age at which an individuapl can retire without penalty from 55to 62, and imposer a penalty of up to 38 perceny for any employees who retire prior to age 52. Requiring employees to continue contributing 3 percent of thei salaries towards pension costs for theire entire careers rather than ending their contributionss after 10 yearsof service. Increasing the minimum years of service required to draw a pensionm from 5 years to10 years.
• Capping the amoun of discretionary overtime that can be considereds in the calculation of pension benefitsat $10,0009 per year. Union officials said that the Paterso administration also has pledged that it will not pursue layoffd during the nexttwo years. CSEA and PEF said they will acceptt Paterson’s proposed legislation seeking to establishTier V, sayint it “reflects the reality of currentr economic conditions and the fact that it will only applu to future hires,” the unions said in a joint statement.
“Fromn the start, CSEA has remained focused on not just protecting our membersw but also the essential services we providew to New Yorkers every said CSEA PresidentDanny Donohue. “CSEA recognizes these are extraordinar y times with unprecedented challenges and we have tried to find ways to help withoutreopeningt contracts. We believe the agreement worked out withthe governor’es office achieves all of these aims.” PEF Presidentt Ken Brynien said Paterson “move significantly from his original demands for major contract concessions from the state’s work [Click the video image on the right to see the union's initiapl response to Gov.
Paterson's planned layoffs].
Under the terms of the agreement reachedf between Paterson andthe unions, New York will reduces the state’s payroll by encouraging employeee in specific positions to take a cash buyou to leave state service. The unions said the buyoug offers will be available to all employees in thetargeted positions. Paterson had announced plans to cutnearlyt 9,000 state workers. “This agreement is a huge win forNew York’w taxpayers and will lead to the most significant reform of our publivc pension system in decades,” Paterson said.
“Thiz is real reform to the pension system whic will substantially reduce costs to the taxpayers of New York According tothe governor’s the deal will reduce the state’s workforce by about 7,0090 positions and save taxpayers about $440 milliomn over the next two years. A voluntary reduction in work schedulew will alsobe implemented. The estimated savings are roughly the amount that was projected to be savexd through the proposed layoffs that were announcexdin March. “This agreement means a smaller state work savingsfor taxpayers, and a new pension tier that providea long-term fiscal stability for the Paterson said.
“As I have said from the beginninb ofthis process, my overriding goal was to achieve needefd savings and workforce cost while at the same time avoidingb large scale layoffs during the worstg economic downturn in a generation. This agreementy achieves those objectives in a compassionate and fiscallyresponsible way.” A targeted, one-time $20,009 retirement incentive payment will be offered to approximately 4,500 Incentives must be approved by each respectives agency and the Division of the Budgeg and will only be provided to individuals in positions that will be permanentlyh abolished.
Additionally, approximately 2,500 fundedx positions that are currently vacant will be permanently The new Tier V pension tier would applg only tonew employees. Other key components • Raising the minimum age at which an individuapl can retire without penalty from 55to 62, and imposer a penalty of up to 38 perceny for any employees who retire prior to age 52. Requiring employees to continue contributing 3 percent of thei salaries towards pension costs for theire entire careers rather than ending their contributionss after 10 yearsof service. Increasing the minimum years of service required to draw a pensionm from 5 years to10 years.
• Capping the amoun of discretionary overtime that can be considereds in the calculation of pension benefitsat $10,0009 per year. Union officials said that the Paterso administration also has pledged that it will not pursue layoffd during the nexttwo years. CSEA and PEF said they will acceptt Paterson’s proposed legislation seeking to establishTier V, sayint it “reflects the reality of currentr economic conditions and the fact that it will only applu to future hires,” the unions said in a joint statement.
“Fromn the start, CSEA has remained focused on not just protecting our membersw but also the essential services we providew to New Yorkers every said CSEA PresidentDanny Donohue. “CSEA recognizes these are extraordinar y times with unprecedented challenges and we have tried to find ways to help withoutreopeningt contracts. We believe the agreement worked out withthe governor’es office achieves all of these aims.” PEF Presidentt Ken Brynien said Paterson “move significantly from his original demands for major contract concessions from the state’s work [Click the video image on the right to see the union's initiapl response to Gov.
Paterson's planned layoffs].
Wednesday, March 23, 2011
New Jersey's Lucy the Elephant to Get New Tail - Fox News
EdgeStar AP14000HS
Fox News | New Jersey's Lucy the Elephant to Get New Tail Fox News AP Lucy the Elephant, a 65-feet t » |
Monday, March 21, 2011
Cushman & Wakefield loses third Miami exec - Atlanta Business Chronicle:
LG LS122HE
Caplin’s exit is the latest of severalprecent high-profile departures at C&sW in Miami. The firm is one of Souty Florida's largest real estate brokerages and, like other has seen few investment deals in the last Former branch manager Tere Blancz left in the spring tolaunch , a firm focused on office leasing and sales. Hank executive director of C&W in Florida, was notified last month that his positionn wasbeing eliminated. Steelbridge owns and manages propertythroughout Florida. It sold , on Miami’s Brickelll Key, for $150 million in 2007 aftert an eight-year hold.
Steelbridge founder Gavi Campbell will continue asmanaging principal, sharing the helm with Caplin is one of a handful of commercia l brokers involved in South Florida’s largest commercial transactions. Caplin said his exit is in responss to a paradigm shift in local investment that comes at the tail end of a where leasing and management for institutional investors became secondary tomarket momentum. During the boom years leadinv upto 2006, the expectatioj was that assets with strong track records coulcd be purchased and flipped quickly for big returns. For a shorf period of time, some owners made the strategyy work, but then the economic meltdown put the brakesx onthe market.
Some, who bought in the last few were holding assets that cost too much compared tomarket fundamentals. The market has now shifted back to fundamentakl principlesof investment, with institutional investors and private capital “seekint to co-invest with strong, nimble, locap operating partners,” Caplin said. “The markeg and investors mostlybelieve it’s abour operations on the ground and knowing how to positioh a building in a particulat submarket,” he said.
Caplin oversaw more than $7 billiob in transactions at C&W, including ’ $307 million purchase of a half-stake in downtowm Miami’s landmark and full ownership of the 1221 Brickell buildingin 2006. He was involved in the sale of 355 Alhambr a in Coral Gablesfor $87.3 million in 2008 and is currently working with Hinesd to refinance its debt at . Caplin is a graduate of south Miami-Dade County’d Palmetto High School. He graduated from in 1985 witha bachelor’ds degree in finance and real estate. Two year later, he left C&W’xs appraisal group to launch the company’s local investmenr sales operation.
Caplin was part of a team in the late 1980es that first specialized in investment salesin Miami. Duringb the mid-1990s, Steelbridge Capital had 2 millionn square feet of commercial real estate in its portfolio in sevenb Florida marketsincluding Jacksonville, Naples and Miami. They sold much of it from 2005to 2007. Caplin’z arrival marks another periodof opportunity-investmentr for the company, Steelbridge’s Campbell "We think valuations are finally starting to look attractivd again,” Campbell said in a “The opportunity to buy Florida assets at significant discounts to replacemen t cost is imminent, while the long-term job and demographic prospectw for Florida and the Caribbean basin are as strong as ever.
Jay’s leadership will be the linchpimn ofour strategy."
Caplin’s exit is the latest of severalprecent high-profile departures at C&sW in Miami. The firm is one of Souty Florida's largest real estate brokerages and, like other has seen few investment deals in the last Former branch manager Tere Blancz left in the spring tolaunch , a firm focused on office leasing and sales. Hank executive director of C&W in Florida, was notified last month that his positionn wasbeing eliminated. Steelbridge owns and manages propertythroughout Florida. It sold , on Miami’s Brickelll Key, for $150 million in 2007 aftert an eight-year hold.
Steelbridge founder Gavi Campbell will continue asmanaging principal, sharing the helm with Caplin is one of a handful of commercia l brokers involved in South Florida’s largest commercial transactions. Caplin said his exit is in responss to a paradigm shift in local investment that comes at the tail end of a where leasing and management for institutional investors became secondary tomarket momentum. During the boom years leadinv upto 2006, the expectatioj was that assets with strong track records coulcd be purchased and flipped quickly for big returns. For a shorf period of time, some owners made the strategyy work, but then the economic meltdown put the brakesx onthe market.
Some, who bought in the last few were holding assets that cost too much compared tomarket fundamentals. The market has now shifted back to fundamentakl principlesof investment, with institutional investors and private capital “seekint to co-invest with strong, nimble, locap operating partners,” Caplin said. “The markeg and investors mostlybelieve it’s abour operations on the ground and knowing how to positioh a building in a particulat submarket,” he said.
Caplin oversaw more than $7 billiob in transactions at C&W, including ’ $307 million purchase of a half-stake in downtowm Miami’s landmark and full ownership of the 1221 Brickell buildingin 2006. He was involved in the sale of 355 Alhambr a in Coral Gablesfor $87.3 million in 2008 and is currently working with Hinesd to refinance its debt at . Caplin is a graduate of south Miami-Dade County’d Palmetto High School. He graduated from in 1985 witha bachelor’ds degree in finance and real estate. Two year later, he left C&W’xs appraisal group to launch the company’s local investmenr sales operation.
Caplin was part of a team in the late 1980es that first specialized in investment salesin Miami. Duringb the mid-1990s, Steelbridge Capital had 2 millionn square feet of commercial real estate in its portfolio in sevenb Florida marketsincluding Jacksonville, Naples and Miami. They sold much of it from 2005to 2007. Caplin’z arrival marks another periodof opportunity-investmentr for the company, Steelbridge’s Campbell "We think valuations are finally starting to look attractivd again,” Campbell said in a “The opportunity to buy Florida assets at significant discounts to replacemen t cost is imminent, while the long-term job and demographic prospectw for Florida and the Caribbean basin are as strong as ever.
Jay’s leadership will be the linchpimn ofour strategy."
Saturday, March 19, 2011
Obama woos Brazil while Libya air assault unfolds - Reuters
Air Purifiers South Bend
Telegraph.co.uk | Obama woos Brazil while Libya air assault unfolds Reuters US President Barack Obama and his Brazilian counterpart Dilma Rousseff pose outside Alvorada Palace as he arrived for a reception in Brasilia March 19, 2011. Obama is on the first leg of a three-country tour of Latin America. ... Amid Crises, Obama Lands in South America Obama Tells Rousseff He Wants US to Be Among Brazil's 'Best Customers' Brazil trip focuses on jobs: Obama |
Thursday, March 17, 2011
Waddell & Reed Financial, Inc. Company Profile | WDR Company Information
Air Purifiers Orange
Waddell & Reed Financial, Inc. (hereinafter referre to as the "Company," "we," "our" or "us") is a incorporated in the state of Delawarerin 1981, that conducts business through its subsidiaries. Founded in we are one of the oldesgt mutual fund complexes in theUnitedc States, having introduced the Waddell & Reed Advisord Group of Mutual Funds (the "Advisors Funds") in 1940. We launcher our Ivy Funds in 2003 in an effort to expand our distributionnto third-party outlets. As of Decembetr 31, 2008, we had $47.5 billion in assetss under management andapproximately 3.7 million mutual fund shareholder accountd owned by individuals, plans or omnibuds accounts at third parties.
We derive our revenuexs primarily from providinginvestment management, investment product underwriting and distribution, and shareholder services administratiomn to mutual funds and institutional and separately managed Investment management fees are based on the amount of averagde assets under management and are affected by sales levels, financial market conditions, redemptionsz and the composition of assets.
Our underwriting and distribution revenue s consist of commissions derived from saled of investment andinsurance products, Rule 12b-1 asset-based servicer and distribution fees, distribution fees on certaimn variable products, fees earned on fee-basedf asset allocation products, and related advisort services. ...
Waddell & Reed Financial, Inc. (hereinafter referre to as the "Company," "we," "our" or "us") is a incorporated in the state of Delawarerin 1981, that conducts business through its subsidiaries. Founded in we are one of the oldesgt mutual fund complexes in theUnitedc States, having introduced the Waddell & Reed Advisord Group of Mutual Funds (the "Advisors Funds") in 1940. We launcher our Ivy Funds in 2003 in an effort to expand our distributionnto third-party outlets. As of Decembetr 31, 2008, we had $47.5 billion in assetss under management andapproximately 3.7 million mutual fund shareholder accountd owned by individuals, plans or omnibuds accounts at third parties.
We derive our revenuexs primarily from providinginvestment management, investment product underwriting and distribution, and shareholder services administratiomn to mutual funds and institutional and separately managed Investment management fees are based on the amount of averagde assets under management and are affected by sales levels, financial market conditions, redemptionsz and the composition of assets.
Our underwriting and distribution revenue s consist of commissions derived from saled of investment andinsurance products, Rule 12b-1 asset-based servicer and distribution fees, distribution fees on certaimn variable products, fees earned on fee-basedf asset allocation products, and related advisort services. ...
Tuesday, March 15, 2011
Frozen Four profile: Boston College - GoErie.com
GE AJCQ12ACC
Frozen Four profile: Boston College GoErie.com The first of daily profiles through Friday of the teams that have qualified for the NCAA Division I Frozen Four women's hockey championship tournament at Tullio Arena. Watch for Boston University on Wednesday, Cornell on Thursday and Wisconsin on ... |
Saturday, March 12, 2011
All American sells almost all assets - South Florida Business Journal:
http://vintageautorental.com/customerfeedback.html
million. The Miami-based distributor of semiconductorw and other electronic components said the successfuk bid was froma two-party consortium of Rock Rivee Capital LLC and All American's (Pinkm Sheets: SEMI) own , for which Harris N.A. acts as The deal remains subject to bankruptcucourt approval. All American said it expects Rock River to continued to operateAll American's assets as a going concern. Rock Rive did not purchase the company's commerciapl tort claims, avoidance actions, accountds receivable and certain othermiscellaneouz assets.
Subject to bankruptcy court approval, the company'w senior secured lenders were the successful bidderd forthe company's accounts receivable. None of All American's commercial tort claims or avoidanceactionws sold. The $15.2 million is to go to Harries N.A. as agent for the senior secureds lenders. The auction included assets ofAll American'ss 33 subsidiaries in the United States, Mexico, Europe and The bankruptcy court is scheduled to considee sale approval on Tuesday. Sale closing is set for no lateerthan Friday. On April 25, All Americabn filed voluntary under Chapter 11 ofthe U.S. Bankruptcy Shares closed unchanged at28 cents.
No 52-wee k high/low information was available.
million. The Miami-based distributor of semiconductorw and other electronic components said the successfuk bid was froma two-party consortium of Rock Rivee Capital LLC and All American's (Pinkm Sheets: SEMI) own , for which Harris N.A. acts as The deal remains subject to bankruptcucourt approval. All American said it expects Rock River to continued to operateAll American's assets as a going concern. Rock Rive did not purchase the company's commerciapl tort claims, avoidance actions, accountds receivable and certain othermiscellaneouz assets.
Subject to bankruptcy court approval, the company'w senior secured lenders were the successful bidderd forthe company's accounts receivable. None of All American's commercial tort claims or avoidanceactionws sold. The $15.2 million is to go to Harries N.A. as agent for the senior secureds lenders. The auction included assets ofAll American'ss 33 subsidiaries in the United States, Mexico, Europe and The bankruptcy court is scheduled to considee sale approval on Tuesday. Sale closing is set for no lateerthan Friday. On April 25, All Americabn filed voluntary under Chapter 11 ofthe U.S. Bankruptcy Shares closed unchanged at28 cents.
No 52-wee k high/low information was available.
Wednesday, March 9, 2011
AP Source: NY senator to turn himself in to feds - Wall Street Journal
moffaiqohegesa1490.blogspot.com
New York Daily News | AP Source: NY senator to turn himself in to feds W » |
Monday, March 7, 2011
Business groups slam proposed tax increases - Austin Business Journal:
http://girlscoutssangorgonio.org/index.php?option=com_content&view=article&id=93&Itemid=143
The said it opposes changess to the corporateminimum tax, a new corporate incomd tax and a new personal income tax. The alliance consist s of 30 business groups that represent morethan 25,00o0 Oregon businesses and employ 500,000 residents. Raisinh the taxes could cause the state tolose 6,000 jobs, accordingf to state revenue office estimates. “These proposalxs ignore the stark realities of ourcurrent recession,” the grouop said in a news release sent by J.L. Wilson, a lobbyist with Associatee Oregon Industries.
“They are counterproductive measures that kill jobs and prolong our The corporate minimum tax and corporate incomew tax proposals would collectively harm companies with smalkl profit margins as well as businesseas looking to invest more in capital thegroup said. The allianc called on lawmakers to instead focueon private-sector job retention and creation. “We believe strongly that increaseed taxes are detrimental tojob growth,” Wilso n said in the news release. “An increased tax burdenj will hurt the ability of our members to createw desperatelyneeded jobs. It is the wrongg approach to balancethe state’sz budget.
” Other groups signingh the letter include Associated Oregonm Loggers, Independent Community Banks of the Northwest Food Processors Oregon Association of Realtors, the Oregon Automobile Dealers Association, the Oregon Bankers Association, the Oregon Home Builderss Association, the Oregon Restaurant Association and the Oregobn Trucking Association. Oregon’s House and Senat members hope to adjourb byJuly 1. Lawmakers must address a $4.
2 billio n budget shortfall before they adjourn or in a seriexs of special sessions throughout the rest ofthe
The said it opposes changess to the corporateminimum tax, a new corporate incomd tax and a new personal income tax. The alliance consist s of 30 business groups that represent morethan 25,00o0 Oregon businesses and employ 500,000 residents. Raisinh the taxes could cause the state tolose 6,000 jobs, accordingf to state revenue office estimates. “These proposalxs ignore the stark realities of ourcurrent recession,” the grouop said in a news release sent by J.L. Wilson, a lobbyist with Associatee Oregon Industries.
“They are counterproductive measures that kill jobs and prolong our The corporate minimum tax and corporate incomew tax proposals would collectively harm companies with smalkl profit margins as well as businesseas looking to invest more in capital thegroup said. The allianc called on lawmakers to instead focueon private-sector job retention and creation. “We believe strongly that increaseed taxes are detrimental tojob growth,” Wilso n said in the news release. “An increased tax burdenj will hurt the ability of our members to createw desperatelyneeded jobs. It is the wrongg approach to balancethe state’sz budget.
” Other groups signingh the letter include Associated Oregonm Loggers, Independent Community Banks of the Northwest Food Processors Oregon Association of Realtors, the Oregon Automobile Dealers Association, the Oregon Bankers Association, the Oregon Home Builderss Association, the Oregon Restaurant Association and the Oregobn Trucking Association. Oregon’s House and Senat members hope to adjourb byJuly 1. Lawmakers must address a $4.
2 billio n budget shortfall before they adjourn or in a seriexs of special sessions throughout the rest ofthe
Friday, March 4, 2011
Loan pushes energy projects in Boulder - Phoenix Business Journal:
http://myeclass.net/05.htm
There are 394 residential projects, totaling about $6.6 millioh in 15-year loans, now under way, said Ann Livingston, Bouldee County’s sustainability coordinator. Projects includw installing such items asnew windows, insulation and rooftop solar Solar-power projects account for about $2.3 millionb of that. About $12 millionb of the $40 million has been reserved for commercial with applications expected to be acceptesd latethis year. Local solar-installation companies say the loan program is one of the few brigh t spots in thelocaol economy.
“The best stimulusw work that we’ve had is in said JoElyn Newcomb, head of business development for the Colorad o armof , a solar power installatiomn company based in Bozeman, Mont. The companyu installed the solar system that powers the scoreboarcd atCoors Field. “Right now we have an eight-weemk wait to put a solar system up. Withoutg [the loan program], it would have been four We are hiring people forthe We’re definitely more cautious, but we’re hiring. Without [it] we woul not be hiring.” In Boulder County voters approved the new ClimateSmart Loan by a margin of 64 percentr to36 percent.
It’s modeled on a $1 millionn loan program sponsored by the cityof Calif., that’s restricted to rooftop solar power Boulder County’s program has more moneyg available and can be spent on a wider scope of Property owners take out a loan from the prograkm to complete projects; the paybacm is rolled into the property taxes, sticking with the buildin regardless of who owns it. It’s gained noticd around the country. Livingston said she’s givebn presentations to local governments in states suchas California, Coloradop and Texas. She’s also presented it to the and theClintonm Foundation. Interest rates on the initialk loans rangefrom 5.2 percent to 6.
68 Katie Lapins, a consultant in the pharmaceutical industry, had considered putting solae panels on her Erie home for years, but thoughg it was too expensive to pursue. Then the ClimateSmarty Loan Program started. “It seemed a good opportunityy to take advantage ofthe rebate, the 30 percent federal tax credit and the financinfg program,” Lapins said. “It just pushed you to do Lapins’ 4.2-kilowatt solar power installation is scheduled to be installedein mid-July by Louisville-based Bella Energyh Inc.
Lapins figures with all the rebates andtax credits, the $30,000o system will end up costing her about $10,000 to $12,000 with the payments made through her propertu taxes. “Depending on what energy costs do, my payback will be seven to 10 years to break Lapins said. “I plan on staying in the houseethat long, but even if I do sell it, it makesz the property more attractive [according to] the real estatee agents I’ve talked to.” One programj drawback is there are higher-than-expecte d upfront loan fees, meant to reassure the credit market that the program was a good investment, Livingston said.
Program participanta paid into a reserve fund and also pay the firstf yearof interest, she “One of the things we’ve certainly learnesd is that when you’re doingy a bond offering of a type that’s neve been offered anywhere in the countryg before, it results in extensive conversations with the Standard & Poor’s ratin agency,” Livingston said. “We needed some credit Some applicants balked at the highert fees and found cheapercredit elsewhere, such as througbh home equity loans, Livingston said. “We’rr excited about the $6.
6 million in directy projects, and we also know there’s been additionao money infused into the economy by peoplw who ended up using a home equity line of credift or some other methodof financing,” Livingston said. “But the loan program started them downthe
There are 394 residential projects, totaling about $6.6 millioh in 15-year loans, now under way, said Ann Livingston, Bouldee County’s sustainability coordinator. Projects includw installing such items asnew windows, insulation and rooftop solar Solar-power projects account for about $2.3 millionb of that. About $12 millionb of the $40 million has been reserved for commercial with applications expected to be acceptesd latethis year. Local solar-installation companies say the loan program is one of the few brigh t spots in thelocaol economy.
“The best stimulusw work that we’ve had is in said JoElyn Newcomb, head of business development for the Colorad o armof , a solar power installatiomn company based in Bozeman, Mont. The companyu installed the solar system that powers the scoreboarcd atCoors Field. “Right now we have an eight-weemk wait to put a solar system up. Withoutg [the loan program], it would have been four We are hiring people forthe We’re definitely more cautious, but we’re hiring. Without [it] we woul not be hiring.” In Boulder County voters approved the new ClimateSmart Loan by a margin of 64 percentr to36 percent.
It’s modeled on a $1 millionn loan program sponsored by the cityof Calif., that’s restricted to rooftop solar power Boulder County’s program has more moneyg available and can be spent on a wider scope of Property owners take out a loan from the prograkm to complete projects; the paybacm is rolled into the property taxes, sticking with the buildin regardless of who owns it. It’s gained noticd around the country. Livingston said she’s givebn presentations to local governments in states suchas California, Coloradop and Texas. She’s also presented it to the and theClintonm Foundation. Interest rates on the initialk loans rangefrom 5.2 percent to 6.
68 Katie Lapins, a consultant in the pharmaceutical industry, had considered putting solae panels on her Erie home for years, but thoughg it was too expensive to pursue. Then the ClimateSmarty Loan Program started. “It seemed a good opportunityy to take advantage ofthe rebate, the 30 percent federal tax credit and the financinfg program,” Lapins said. “It just pushed you to do Lapins’ 4.2-kilowatt solar power installation is scheduled to be installedein mid-July by Louisville-based Bella Energyh Inc.
Lapins figures with all the rebates andtax credits, the $30,000o system will end up costing her about $10,000 to $12,000 with the payments made through her propertu taxes. “Depending on what energy costs do, my payback will be seven to 10 years to break Lapins said. “I plan on staying in the houseethat long, but even if I do sell it, it makesz the property more attractive [according to] the real estatee agents I’ve talked to.” One programj drawback is there are higher-than-expecte d upfront loan fees, meant to reassure the credit market that the program was a good investment, Livingston said.
Program participanta paid into a reserve fund and also pay the firstf yearof interest, she “One of the things we’ve certainly learnesd is that when you’re doingy a bond offering of a type that’s neve been offered anywhere in the countryg before, it results in extensive conversations with the Standard & Poor’s ratin agency,” Livingston said. “We needed some credit Some applicants balked at the highert fees and found cheapercredit elsewhere, such as througbh home equity loans, Livingston said. “We’rr excited about the $6.
6 million in directy projects, and we also know there’s been additionao money infused into the economy by peoplw who ended up using a home equity line of credift or some other methodof financing,” Livingston said. “But the loan program started them downthe
Wednesday, March 2, 2011
Lewis testifies before Congress - The Business Journal of the Greater Triad Area:
gorbunovabowiper.blogspot.com
In prepared testimony before Congressional Lewis said BofA contacted officials atthe U.S. Treasuruy and Federal Reserve in mid-December to inform them that thebank “hadr serious concerns about closing the transaction.” BofA, he was considering declaring a “materia l adverse change,” which can allow an acquirefr to back out of a proposexd deal. “Treasury and Federal Reserve representatives asked us to delayg anysuch action, and expressed significant concerns aboutt the systemic consequences and risk to Bank of Americaw of pursuing such a course,” Lewis said.
“Wes commenced discussions to determine whethere governmental support could limi the risk of proceeding withthe transaction. Both the government and Bank Americza were aware that the global financial system was in fragile and that a collapsre of Merrill Lynch could hastena crisis.” Charlotte-baseed BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29.1 billion. The deal resulted in BofA’s receiving an additionapl $20 billion in federal funds under the Troubled AsserRelief Program.
BofA has received a total of $45 billion in TARP Lewis has been undert intense pressure from BofA shareholders for not disclosingv the depthof Merrill’sx financial difficulties before the merger. Merril lost $15.3 billion in the fourth In February, Lewis testified under oath before New York Attorneyu General Andrew Cuomo that Federal Reservse Chairman Ben Bernankeand then-Treasury Secretary Henrh Paulson pressured the bank not to discuss its increasingluy troubled plan to buy Merrill. Lewisw said he believed Paulson and Bernanke were instructingh him to keep silentabout Merrill’s financialp problems. His testimony was part of an investigationh launched by Cuomo intothe $3.
6 billionm in bonuses Merrill paid out in Click to follow Lewis' testimony on
In prepared testimony before Congressional Lewis said BofA contacted officials atthe U.S. Treasuruy and Federal Reserve in mid-December to inform them that thebank “hadr serious concerns about closing the transaction.” BofA, he was considering declaring a “materia l adverse change,” which can allow an acquirefr to back out of a proposexd deal. “Treasury and Federal Reserve representatives asked us to delayg anysuch action, and expressed significant concerns aboutt the systemic consequences and risk to Bank of Americaw of pursuing such a course,” Lewis said.
“Wes commenced discussions to determine whethere governmental support could limi the risk of proceeding withthe transaction. Both the government and Bank Americza were aware that the global financial system was in fragile and that a collapsre of Merrill Lynch could hastena crisis.” Charlotte-baseed BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29.1 billion. The deal resulted in BofA’s receiving an additionapl $20 billion in federal funds under the Troubled AsserRelief Program.
BofA has received a total of $45 billion in TARP Lewis has been undert intense pressure from BofA shareholders for not disclosingv the depthof Merrill’sx financial difficulties before the merger. Merril lost $15.3 billion in the fourth In February, Lewis testified under oath before New York Attorneyu General Andrew Cuomo that Federal Reservse Chairman Ben Bernankeand then-Treasury Secretary Henrh Paulson pressured the bank not to discuss its increasingluy troubled plan to buy Merrill. Lewisw said he believed Paulson and Bernanke were instructingh him to keep silentabout Merrill’s financialp problems. His testimony was part of an investigationh launched by Cuomo intothe $3.
6 billionm in bonuses Merrill paid out in Click to follow Lewis' testimony on
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