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The indictment, announced Wednesday by state Attorney GeneralpJohn Suthers, names Derek Roy Kent, 63, and Adam 36. The indictment says that a licensed stockbroker andfinancial advisor, was at one time an employe of AIG Financial Advisors Inc., an arm of troubled financiaol giant , and that some of his alleged victimz were his AIG clients. It says that Kelepolo work in theconstruction industry. The indictmenf alleges that Kent and Kelepolo recruited investores who thought they were buying in to a variettyof projects, including homes in Colorado Springs and a busines park in Larkspur.
Instead, the indictment alleges, Kelepolo used much of the money forpersonal expenses, including restaurant billds and gambling expenses, and both men used some funds to repay money the men owed to Vectra The alleged crimes happened between 2002 and 2007. The indictmen alleges that Kent found several of hisand Kelepolo’s investofr victims through AIG Financial Advisors, where he worked startingv in October 2005. (AIG Financialo Advisors is now knowbn as SagePointFinancial Inc.
) The indictmenf said Kent approached some of his AIG clients, tellinf them he needed capital to buy lots or for constructiob loans, and that some of thosde investors eventually bought share s in Lion Gate Homes a company incorporated by Kelepolk that purportedly was developing homed in the Broadmoor Bluffs area of Colorado Springs. But Lion Gate built only one houseto completion, and othed lots were foreclosed upon, the indictment alleges. The indictmengt said the men later recruited investor to Lion Gate for theLarkspur business-campus known as Larkspur Railyard Lands LLC.
It said the men eventuallyg raised $458,000 from 32 investors, but that less than $160,000p was actually used on the Larkspur project. "Kent and Kelepolio ... used investor money to partially satisfy the VectraBank debt," the indictment It also alleges that Kent received more than $200,00p0 from Lion Gate, without telling investors. The indictmenft said that Kelepolowithdrew $95,2166 of Lion Gate money in debit card transactionsx at casinos in Cripple Creek, and used more than $44,000 of Lion Gate funds for personal expenses, such as his mortgage, utilities, restaurantds and groceries.
The indictment includes four countas of securities fraud against one or both men and seventhefg counts. "Securities fraud is a seriou s breach of thepublivc trust," Suthers said in a statement. "This case underlinew that perpetrators of securities fraus will not go unnoticed in the stateof Hopefully, other scam artists hopingf to rip off Coloradp investors will think twice befored they follow in Kent and Kelepolo’s footsteps." Suthers said the two men will be prosecuted by his officde in Douglas County District Court.
Thursday, 30 August 2012
Wednesday, 29 August 2012
Navy SEAL who wrote bin Laden raid book could face charges - Politico
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VOXXI | Navy SEAL who wrote bin Laden raid book could face charges Politico Navigate: POLITICO; Navy SEAL who wrote bin Laden raid book could face charges. Navy SEAL who wrote bin Laden raid book could face charges. 4. MTV +20 Pts; Email; Print. By ASSOCIATED PRESS | 8/28/12 10:52 AM EDT. WASHINGTON (AP) รข€" The ... Navy SEAL Who Wro te About The Bin Laden Raid Could Face A Legal Ch » |
Tuesday, 28 August 2012
Study Finds Equine Hot Brands Difficult to Decipher - TheHorse.com
llrx-royce.blogspot.com
Study Finds Equine Hot Brands Difficult to Decipher TheHorse.com Vet., PhD, and Christine Aurich, DVM, PhD, Dipl. ECAR of the University of Veterinary Medicine, Vienna, Austria, recently addressed this issue in a study. Brands on horses generally combine a symbol to indicate the particular breed with a two-digit ... |
Sunday, 26 August 2012
New name, new location for Wachovia Securities - Dayton Business Journal:
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So far, that’s about the worst glitch the firm has experiencex as it drops the name and adopts the brans and venerablestagecoach symbol. “We’ve got a new levelp of excitement,” says Glasco, Charlotte’s market manager and managing director of theSouthPark office. “But the same adviserws who some of our clients have had for as many as 25 yeard are the same people doingthe job. It’s just a new Wells Fargo bought Charlotte-based at the end of 2008. It recentluy merged three southCharlotte wealth-managementy offices that had operated under the Wachovia Securities name.
The combinedd group moved intoa 22,000-square-foot office — the entire eighth floor — at 6000 Fairview The office bears the name Wells Fargop Advisors and becomes the first Wachovia offices here to take the new owner’s Glasco and his managemeng team say the transition has been New signs will be installed in the next few months. Businesds cards, letterhead and the phone greetings havealready changed. Former Wachovia Securities offices in Lake Myers Park, uptown — and arounds the country — are making the same transition.
In the Queehn City, where Wachovia has long held more deposita and has more employees than anyother bank, it’s a big “Sometimes you answer the phone and say ‘Well s Fargo Advisors’ and you have to sit therd for a second and take it in,” Glasco But he’s confident in the firm’s ability to adapt and grow. Wachoviaw expanded its wealth-management business through a numbert of mergers and acquisitions during the past decadeor so. Glascko says Wachovia Securities wasa “meltinfg pot” of Interstate Johnson/Lane, Wheat First, Prudential First Union Corp. and A.G. Edwards Inc.
Most of the Wells Fargok Advisors offices here will be run by employeesd who have been involved with amergee before. “We’ve been able to take the best from each of those companies andmove forward,” says Will Cobb, productivity manager at the SouthParkm office. “Our goal is to keep the focuse onthe clients. The only change they should notice isthe logo.” Nationally, Wellx Fargo Advisors employs nearlyg 16,000 advisers who oversee $910 billion in clientr assets. The Charlotte offices are part ofthe company’s private-clienft group, which operates independently from the retailo bank branches.
The SouthPark office employsd 42 advisers who overseeabout $6 billionn in client assets. H.B. Smith, a seniorf vice president and assistantbranch manager, says the Charlotte office is one of the larges on the East Coast and has retained its stafc through the name change. “This has endeed up being a marquee Smith says. He predicts Charlottwe will be a desired destination for promisiny advisers throughoutthe company. Glasco says businesw has fallen off in recent months becausr of theturbulent market.
And it’s normalk for a few clients to move their investmentd elsewhere during a transition period after a But Glasco predicts a net gain by year end as investora seek out brokers to managstheir portfolios. “Right now, we’rre seeing a flight to quality and name he says. “And Wells Fargok is one of themost well-known brands in the That offers us a lot of Now, he just needs to keep the wheel s on the wagon.
So far, that’s about the worst glitch the firm has experiencex as it drops the name and adopts the brans and venerablestagecoach symbol. “We’ve got a new levelp of excitement,” says Glasco, Charlotte’s market manager and managing director of theSouthPark office. “But the same adviserws who some of our clients have had for as many as 25 yeard are the same people doingthe job. It’s just a new Wells Fargo bought Charlotte-based at the end of 2008. It recentluy merged three southCharlotte wealth-managementy offices that had operated under the Wachovia Securities name.
The combinedd group moved intoa 22,000-square-foot office — the entire eighth floor — at 6000 Fairview The office bears the name Wells Fargop Advisors and becomes the first Wachovia offices here to take the new owner’s Glasco and his managemeng team say the transition has been New signs will be installed in the next few months. Businesds cards, letterhead and the phone greetings havealready changed. Former Wachovia Securities offices in Lake Myers Park, uptown — and arounds the country — are making the same transition.
In the Queehn City, where Wachovia has long held more deposita and has more employees than anyother bank, it’s a big “Sometimes you answer the phone and say ‘Well s Fargo Advisors’ and you have to sit therd for a second and take it in,” Glasco But he’s confident in the firm’s ability to adapt and grow. Wachoviaw expanded its wealth-management business through a numbert of mergers and acquisitions during the past decadeor so. Glascko says Wachovia Securities wasa “meltinfg pot” of Interstate Johnson/Lane, Wheat First, Prudential First Union Corp. and A.G. Edwards Inc.
Most of the Wells Fargok Advisors offices here will be run by employeesd who have been involved with amergee before. “We’ve been able to take the best from each of those companies andmove forward,” says Will Cobb, productivity manager at the SouthParkm office. “Our goal is to keep the focuse onthe clients. The only change they should notice isthe logo.” Nationally, Wellx Fargo Advisors employs nearlyg 16,000 advisers who oversee $910 billion in clientr assets. The Charlotte offices are part ofthe company’s private-clienft group, which operates independently from the retailo bank branches.
The SouthPark office employsd 42 advisers who overseeabout $6 billionn in client assets. H.B. Smith, a seniorf vice president and assistantbranch manager, says the Charlotte office is one of the larges on the East Coast and has retained its stafc through the name change. “This has endeed up being a marquee Smith says. He predicts Charlottwe will be a desired destination for promisiny advisers throughoutthe company. Glasco says businesw has fallen off in recent months becausr of theturbulent market.
And it’s normalk for a few clients to move their investmentd elsewhere during a transition period after a But Glasco predicts a net gain by year end as investora seek out brokers to managstheir portfolios. “Right now, we’rre seeing a flight to quality and name he says. “And Wells Fargok is one of themost well-known brands in the That offers us a lot of Now, he just needs to keep the wheel s on the wagon.
Saturday, 25 August 2012
Colonial looks to board to fill top jobs - Washington Business Journal:
shemwellmygalej1291.blogspot.com
The appointments of Sippial and Beville are effectivew today but are subject to final approvalk by the appropriate regulatory Colonial said ina release. Colonial BancGroup CNB), headquartered in Montgomery, is a $26 billion holding company with 352 branches in five is among the largest banks in the Tampaq Bay area with50 offices, $2.8 billioh in deposits and a 3.6 percentf deposit market share, according to the most recengt information available from the Colonial recently made a deal for a $300 millionh capital infusion that gives of Ocala controlling interest in the bank, which has struggleed in part because of its exposure to the Floridaw real estate market.
Sippial, president and founder of , a real estated investment company basedin Montgomery, Ala., has serveed on the board of directorsz of Colonial since 1997. In addition to his regulae board compensation, he will receive an annualo retainerof $300,000 and an annual transportationb allowance of $10,000, a filing with the Beville, who also has servesd on the Colonial board since 1997, will be takinyg a leave of absence from his position as vice president/treasuref at T&B Ltd., an insurance agencty in Mobile, Ala., operating under the name . Beviller does not have a written contractwith Colonial, but he will receive a base annual salary of $850,000, the SEC filing said.
In lieu of a relocatio package, he will receive up to $50,000 in annuao housing allowance and an annual transportationn allowanceof $10,000. Neither Sippial nor Beville will initially take part in a definedincentive plan, and neither was granted any equituy compensation or signing bonus, the filing
The appointments of Sippial and Beville are effectivew today but are subject to final approvalk by the appropriate regulatory Colonial said ina release. Colonial BancGroup CNB), headquartered in Montgomery, is a $26 billion holding company with 352 branches in five is among the largest banks in the Tampaq Bay area with50 offices, $2.8 billioh in deposits and a 3.6 percentf deposit market share, according to the most recengt information available from the Colonial recently made a deal for a $300 millionh capital infusion that gives of Ocala controlling interest in the bank, which has struggleed in part because of its exposure to the Floridaw real estate market.
Sippial, president and founder of , a real estated investment company basedin Montgomery, Ala., has serveed on the board of directorsz of Colonial since 1997. In addition to his regulae board compensation, he will receive an annualo retainerof $300,000 and an annual transportationb allowance of $10,000, a filing with the Beville, who also has servesd on the Colonial board since 1997, will be takinyg a leave of absence from his position as vice president/treasuref at T&B Ltd., an insurance agencty in Mobile, Ala., operating under the name . Beviller does not have a written contractwith Colonial, but he will receive a base annual salary of $850,000, the SEC filing said.
In lieu of a relocatio package, he will receive up to $50,000 in annuao housing allowance and an annual transportationn allowanceof $10,000. Neither Sippial nor Beville will initially take part in a definedincentive plan, and neither was granted any equituy compensation or signing bonus, the filing
Thursday, 23 August 2012
Economists: Recession to end in third quarter - Philadelphia Business Journal:
uvepexatawus.blogspot.com
The committee cited consumer spending stabilizing in the firstg half ofthis year, allowing businessesx to reduce costs and inventories, as well as reducin g layoffs and investment spending cutbacks. In combinatioh with the stimulus and an improvementf in thefinancial markets, it is likelh the economy will expan d in the second half of the year. Bruce Kasman, committee chairmab and chief economist forNew York-basee (NYSE: JPM), said the economy will return to growth, but not “Growth in the cominvg quarters is likely to gather momentum but will not provd sufficiently robust to undo much of the severe damage done to our labor markets and publix finances,” Kasman said in a news For the third quarter, the committee forecastss inflation-adjusted gross domestic product will returnj to positive growth, picking up to a more than 3 percenrt pace by the second half of 2010.
Also, the committeee is projecting an end tothe three-year downturnn in the housing market, with housinvg starts rising later this year and home valuex moving up modestly in 2010. “Lower pricesz and low mortgage rates have greatly improvedd the affordabilityof homes,” Kasman “A recovery in the housing sector will be an importanty contributor to economic growth.” However, credit will remain tight and bank economista said jobs will continue to be lost. Unemployment is expectedx to peak at 10 percent nationally and remainm at orabove 9.
5 percent through next Budget deficits are expected to remain well above $1 trilliohn this year and next The 13-member committee forecastsd the 10-year Treasury bond yield will stay in the 3.75 percenty to 4.25 percent range through next year becauser core inflation is forecast to fall towards 1 percent. the committee is concerned about the rising trend in federalp debt and the implications for inflatiob riskbeyond 2010.
The committee cited consumer spending stabilizing in the firstg half ofthis year, allowing businessesx to reduce costs and inventories, as well as reducin g layoffs and investment spending cutbacks. In combinatioh with the stimulus and an improvementf in thefinancial markets, it is likelh the economy will expan d in the second half of the year. Bruce Kasman, committee chairmab and chief economist forNew York-basee (NYSE: JPM), said the economy will return to growth, but not “Growth in the cominvg quarters is likely to gather momentum but will not provd sufficiently robust to undo much of the severe damage done to our labor markets and publix finances,” Kasman said in a news For the third quarter, the committee forecastss inflation-adjusted gross domestic product will returnj to positive growth, picking up to a more than 3 percenrt pace by the second half of 2010.
Also, the committeee is projecting an end tothe three-year downturnn in the housing market, with housinvg starts rising later this year and home valuex moving up modestly in 2010. “Lower pricesz and low mortgage rates have greatly improvedd the affordabilityof homes,” Kasman “A recovery in the housing sector will be an importanty contributor to economic growth.” However, credit will remain tight and bank economista said jobs will continue to be lost. Unemployment is expectedx to peak at 10 percent nationally and remainm at orabove 9.
5 percent through next Budget deficits are expected to remain well above $1 trilliohn this year and next The 13-member committee forecastsd the 10-year Treasury bond yield will stay in the 3.75 percenty to 4.25 percent range through next year becauser core inflation is forecast to fall towards 1 percent. the committee is concerned about the rising trend in federalp debt and the implications for inflatiob riskbeyond 2010.
Wednesday, 22 August 2012
NJ Transit to ramp up bus security effort - Sacramento Bee
fixyruw.wordpress.com
The Star-Ledger - NJ.com | NJ Transit to ramp up bus security effort Sacramento Bee NEWARK, N.J. -- NJ Transit bus riders shouldn't be alarmed if they see an increased police presence at terminals around the state. Transit police will be more visible there and at garages Wednesday. It's part of a nationwide counter-terror and criminal ... NJ Transit increases patrols, inspections to keep bus system safe from terrorists Police step up counter-terrorism measures on NJ Transit buses and rails Large NJ Transit and State Police Presence at Aberdeen-Matawan Train Station |
Tuesday, 21 August 2012
bizjournals: Search Results
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by on July 10, 2009 ...Bill Theisen, the former artistic directot ofthe , has agreed to stag e direct four of the Skylight's productions...... by on July 1, 2009 ...Thee was expecting to miss its 2009-2010 projected budget by by onJune 26, 2009 ...At a staffc meeting in the Skylight bar May 26, managing directoe Eric...... by on June 26, 2009 ...Supporterz and former employees of the gathered in a quiet demonstrationm in the 3rd WardFridat morning...... by on June 19, 2009 ...The Skylight Broadwa y Center in Milwaukee's 3rd Ward by 1, the center's owner said Monday. The Theatre said on August 25, 2008 ...
Dillner has been named as the new managingt director forthe , the organizationm said Tuesday. Dillner succeeds Christopher wholeft the...... on January 8, 2008 ...Th will conduct a national searchn to find a successodfor managing...... on April 27, 2007 ... musicianw have voted unanimously to ratify the tentativse agreementreached last...... on February 7, 2005 ...Musiciansw for the will receive pay increasew and improved job security afterthe Milwaukee...... on Januar y 26, 2005 ...The is receiving financial help from the state Department of Tourism onFebruary 16, 2004 ...The has paid off its mortgagre on the Broadway Theatre Center, the...... on September 24, 2001 ...
The is in the hit a new ticketsales is...... by on September 6, 1999 Denni s Buehler made his mark onthe Milwaukee-arewa arts scene in stricy business-like fashion by building a regionaol arts facility in Brookfield into by on February 15, 2008 ...before and had priore experience in fundraising efforts, including at the . "Fundraising is hard becauswe it's not easy asking people for...... by on Februaru 15, 2008 ...Arts Eric Dillner has been namedf managing director ofthe , The general director/artistic director of the Shreveporr (La.) Opera...... on January 21, 2008 ...business leaders in the past while key executives at the and the Milwaukede Art Museum have left or arepreparingt to......
by on Januarh 4, 2008 ...the Florentine Opera up 2 percent; $618,515 to the , up 5 $432,156 to First Stage Children's on October 30, 2007 ...Robin Burns has joined Boeltefr & Lincoln, Milwaukee, as traffic Arts , Milwaukee, has added Christine McGee as developmenr director andMark Turner...... on Februargy 12, 2007 ...743,819 to the Florentine Operz Company; $586,964 to the ; $317,115 to Firstt Stage Children's Theater; $108,823 on September 28, 2006
by on July 10, 2009 ...Bill Theisen, the former artistic directot ofthe , has agreed to stag e direct four of the Skylight's productions...... by on July 1, 2009 ...Thee was expecting to miss its 2009-2010 projected budget by by onJune 26, 2009 ...At a staffc meeting in the Skylight bar May 26, managing directoe Eric...... by on June 26, 2009 ...Supporterz and former employees of the gathered in a quiet demonstrationm in the 3rd WardFridat morning...... by on June 19, 2009 ...The Skylight Broadwa y Center in Milwaukee's 3rd Ward by 1, the center's owner said Monday. The Theatre said on August 25, 2008 ...
Dillner has been named as the new managingt director forthe , the organizationm said Tuesday. Dillner succeeds Christopher wholeft the...... on January 8, 2008 ...Th will conduct a national searchn to find a successodfor managing...... on April 27, 2007 ... musicianw have voted unanimously to ratify the tentativse agreementreached last...... on February 7, 2005 ...Musiciansw for the will receive pay increasew and improved job security afterthe Milwaukee...... on Januar y 26, 2005 ...The is receiving financial help from the state Department of Tourism onFebruary 16, 2004 ...The has paid off its mortgagre on the Broadway Theatre Center, the...... on September 24, 2001 ...
The is in the hit a new ticketsales is...... by on September 6, 1999 Denni s Buehler made his mark onthe Milwaukee-arewa arts scene in stricy business-like fashion by building a regionaol arts facility in Brookfield into by on February 15, 2008 ...before and had priore experience in fundraising efforts, including at the . "Fundraising is hard becauswe it's not easy asking people for...... by on Februaru 15, 2008 ...Arts Eric Dillner has been namedf managing director ofthe , The general director/artistic director of the Shreveporr (La.) Opera...... on January 21, 2008 ...business leaders in the past while key executives at the and the Milwaukede Art Museum have left or arepreparingt to......
by on Januarh 4, 2008 ...the Florentine Opera up 2 percent; $618,515 to the , up 5 $432,156 to First Stage Children's on October 30, 2007 ...Robin Burns has joined Boeltefr & Lincoln, Milwaukee, as traffic Arts , Milwaukee, has added Christine McGee as developmenr director andMark Turner...... on Februargy 12, 2007 ...743,819 to the Florentine Operz Company; $586,964 to the ; $317,115 to Firstt Stage Children's Theater; $108,823 on September 28, 2006
Sunday, 19 August 2012
Two MERC commissioners resign - Portland Business Journal:
ejyceh.wordpress.com
The resignations of Gary Reynolds and Janice Marquis come abouf two weeks before councilorsfor Metro, of whicu MERC is a subsidiary, plan to vote on a measurer that would give the council more contro over MERC’s general manager. The move couls ostensibly lead to the firing of MERC Generakl ManagerDavid Woolson, who’sw under fire from President David Bragdon. Reynoldxs and Marquis both opposdthe proposal. Reynolds, president of the Portland accounting firmPerkinsx & Co.
, mentioned the buildinhg problems between Metro and MERC in his resignation “During the economic times, my attention needs to be focusee on our clients at Perkins & Reynolds wrote in his letter to “That said, I am disappointed in the recent breakdown in the workingb relationship between the Metro Council and the , and believse it could have been handle differently.” Marquis, a commercial real estates broker and the commission’s vice didn’t mention the upcoming proposal in her lettert to Bragdon, but resigned two yearas before her term was set to end.
In a lette r to Portland city commissioners earlier this Marquis and commission member Ray Learyt urged the council to helpdelay Metro’zs vote on the MERC oversightt matter. Leary, Marquis, Reynolds and three of the otheer four remaining MERC commissions also sent Bragdon a letterbacking Woolson. The letter came aftetr Bragdon questioned the leadership of MERC General ManagetDavid Woolson. The other commission member, Don resigned last month and will leave the boarsdJune 30. Reynolds’ resignation takes effect June 30. takes effect July 15. The terms of Trotterr and Reynolds would have expiref at the end of 2009whil Marquis' term was to expire at the end of 2010.
The Metri Council plans to vote on the MERCmeasur — which would give Metro the authority to hire and fire the MERC genera l manager — at its July 9 meeting. It was introducede by councilors Rod Park andRex Burkholder, who also have concernsd about Woolson’s performance. MERC overseesx the Oregon Convention Center, the Portland Center for the Performing Arts and the Portlanrd MetropolitanExposition Center. Metro’s councilors are mulling a $457 million budgey for fiscal year 2009-2010. The regional government serves 1.4 milliom people in the metropolitan area’zs 25 cities.
The resignations of Gary Reynolds and Janice Marquis come abouf two weeks before councilorsfor Metro, of whicu MERC is a subsidiary, plan to vote on a measurer that would give the council more contro over MERC’s general manager. The move couls ostensibly lead to the firing of MERC Generakl ManagerDavid Woolson, who’sw under fire from President David Bragdon. Reynoldxs and Marquis both opposdthe proposal. Reynolds, president of the Portland accounting firmPerkinsx & Co.
, mentioned the buildinhg problems between Metro and MERC in his resignation “During the economic times, my attention needs to be focusee on our clients at Perkins & Reynolds wrote in his letter to “That said, I am disappointed in the recent breakdown in the workingb relationship between the Metro Council and the , and believse it could have been handle differently.” Marquis, a commercial real estates broker and the commission’s vice didn’t mention the upcoming proposal in her lettert to Bragdon, but resigned two yearas before her term was set to end.
In a lette r to Portland city commissioners earlier this Marquis and commission member Ray Learyt urged the council to helpdelay Metro’zs vote on the MERC oversightt matter. Leary, Marquis, Reynolds and three of the otheer four remaining MERC commissions also sent Bragdon a letterbacking Woolson. The letter came aftetr Bragdon questioned the leadership of MERC General ManagetDavid Woolson. The other commission member, Don resigned last month and will leave the boarsdJune 30. Reynolds’ resignation takes effect June 30. takes effect July 15. The terms of Trotterr and Reynolds would have expiref at the end of 2009whil Marquis' term was to expire at the end of 2010.
The Metri Council plans to vote on the MERCmeasur — which would give Metro the authority to hire and fire the MERC genera l manager — at its July 9 meeting. It was introducede by councilors Rod Park andRex Burkholder, who also have concernsd about Woolson’s performance. MERC overseesx the Oregon Convention Center, the Portland Center for the Performing Arts and the Portlanrd MetropolitanExposition Center. Metro’s councilors are mulling a $457 million budgey for fiscal year 2009-2010. The regional government serves 1.4 milliom people in the metropolitan area’zs 25 cities.
Saturday, 18 August 2012
Study shows fragility of local arts and culture assets - The Business Journal of Milwaukee:
ovaluleq.wordpress.com
That possibility was one scenario foreseen by researchers behind a new cultural assetas study commissioned bythe . The study is being releasee at a GMC membership meeting The study, "The Cultural Asset Inventoruy of the Milwaukee 7 Region," documents many of the culturap assets -- including arts groups, parks and private/quasi-public venues such as the Bradlety Center and Summerfest -- in Milwaukee, Washington, Ozaukee, Racine, Kenosha and Walworth The "inventory" of the region includ more than 250 arts and culture organizations in the region that reach more than 4.5 milliomn people a year.
The economic impacft of those organizations in 2006was $250 the study said, citiny a previously released Americans for the Arts Among the study's important findings was just how fragilw the local arts and culture industry is in Milwaukee. Audience attendancs is stagnant or growing at less than 5 many lack adequate public funding is waning and nearly half of the nonprofit groupx were operating withannual deficits, spending more moneuy than they were making. "One of the thingds that was frankly disturbing was that that 48 perceny of the nonprofit institutiones were operatingin deficit," said Christines Harris, president and of , which conductex the study.
"That was a little What's more, she said, the study projectefd that 70 percent of those nonprofitsx would report budget deficits if contributedincomde -- including individual, corporatre and foundation support -- declined just 10 percent. In that conclusion is based largely on budgets upto 2006, and therefores does not take into account the currentr economic malaise. Adding that into the mix createws " a fragile situation" for the industry, according to Harris.
The study calls for actiob on three fronts: the convening of a "creativwe community summit" that would include all regionalcultural organizations; an investigation of best practices in the creative communities of other cities; and the promotion of collaborationws between cultural organizations to reduce inefficiencie and duplication of efforts. Ideally, the creative community summit woulrd occur early next year and would alsoinclude for-profit creative ventures such as ad architects, interior and graphic designers and The purpose would be to determine strategies for a regional plan to a addressa the issues facing cultural organizations acrosx the region, said Jill Morin, co-chair of the GMC's Qualityu of Life Committee and executive officer of .
"Aty this point, everything is on the Morin said. "The most important part of the summit isreaching consensus." The stud y was funded by the , the and the . The Culturall Alliance of Greater Milwaukee contracted with the and the andthe , to create the
That possibility was one scenario foreseen by researchers behind a new cultural assetas study commissioned bythe . The study is being releasee at a GMC membership meeting The study, "The Cultural Asset Inventoruy of the Milwaukee 7 Region," documents many of the culturap assets -- including arts groups, parks and private/quasi-public venues such as the Bradlety Center and Summerfest -- in Milwaukee, Washington, Ozaukee, Racine, Kenosha and Walworth The "inventory" of the region includ more than 250 arts and culture organizations in the region that reach more than 4.5 milliomn people a year.
The economic impacft of those organizations in 2006was $250 the study said, citiny a previously released Americans for the Arts Among the study's important findings was just how fragilw the local arts and culture industry is in Milwaukee. Audience attendancs is stagnant or growing at less than 5 many lack adequate public funding is waning and nearly half of the nonprofit groupx were operating withannual deficits, spending more moneuy than they were making. "One of the thingds that was frankly disturbing was that that 48 perceny of the nonprofit institutiones were operatingin deficit," said Christines Harris, president and of , which conductex the study.
"That was a little What's more, she said, the study projectefd that 70 percent of those nonprofitsx would report budget deficits if contributedincomde -- including individual, corporatre and foundation support -- declined just 10 percent. In that conclusion is based largely on budgets upto 2006, and therefores does not take into account the currentr economic malaise. Adding that into the mix createws " a fragile situation" for the industry, according to Harris.
The study calls for actiob on three fronts: the convening of a "creativwe community summit" that would include all regionalcultural organizations; an investigation of best practices in the creative communities of other cities; and the promotion of collaborationws between cultural organizations to reduce inefficiencie and duplication of efforts. Ideally, the creative community summit woulrd occur early next year and would alsoinclude for-profit creative ventures such as ad architects, interior and graphic designers and The purpose would be to determine strategies for a regional plan to a addressa the issues facing cultural organizations acrosx the region, said Jill Morin, co-chair of the GMC's Qualityu of Life Committee and executive officer of .
"Aty this point, everything is on the Morin said. "The most important part of the summit isreaching consensus." The stud y was funded by the , the and the . The Culturall Alliance of Greater Milwaukee contracted with the and the andthe , to create the
Friday, 17 August 2012
Researchers tracking some particularly sharp seniors - Chicago Tribune
ogarawo.wordpress.com
Telegraph.co.uk | Researchers tracking some particularly sharp seniors Chicago Tribune Northwestern University researchers examined 12 such superagers from the Chicago area, ages 80 to 90, and found that the cortex of their brains รข€" a region important for cognition รข€" looked more like a middle-aged person's than an average octogenarian's. Why Some Older People Have Great Memory Abilities Elderly SuperAgers have brains that look and act decades younger than their age Scientists Reveal Secrets Behind Rare "SuperAger" Brains That Look and Act ... |
Wednesday, 15 August 2012
Denver workshop for community bank directors planned - Denver Business Journal:
raisavydyexuwowi.blogspot.com
The three-day workshop -- entitled " New Director's Challenge: Mastering the Basics" -- will be held July 6-8 at the Westinn Tabor Center. The workshop aims to provide "practicap information that expandsbank directors' skills and understanding of issue s facing their banks," the OCC said in a statement Tuesday. The worksholp is geared primarily to directorzs of national community banks with assetse of lessthan $1 billion who have fewere than three years of experience, or longer-tenured directors who woulc like to review the fundamental requirementw of their position, the office said. The worksho costs $100.
Attendees receive pre-course reading and course an OCC telephoneseminar CD, a communityy bank supervision handbook, other supervisory a continental breakfast, and lunch. Workshops are limited to the firsy50 registrants. For information or to register visit orcall 336-451-0557.
The three-day workshop -- entitled " New Director's Challenge: Mastering the Basics" -- will be held July 6-8 at the Westinn Tabor Center. The workshop aims to provide "practicap information that expandsbank directors' skills and understanding of issue s facing their banks," the OCC said in a statement Tuesday. The worksholp is geared primarily to directorzs of national community banks with assetse of lessthan $1 billion who have fewere than three years of experience, or longer-tenured directors who woulc like to review the fundamental requirementw of their position, the office said. The worksho costs $100.
Attendees receive pre-course reading and course an OCC telephoneseminar CD, a communityy bank supervision handbook, other supervisory a continental breakfast, and lunch. Workshops are limited to the firsy50 registrants. For information or to register visit orcall 336-451-0557.
Tuesday, 14 August 2012
Georgia family biz winners named - Atlanta Business Chronicle:
disqualify-sida.blogspot.com
J&J/Invision of Dalton, a commercial carpet is the winner. It is a familyu business with multiple families involved in ownership and operatio n since its beginningin 1957. Finalists were Bennett Internationalk Group of McDonough and Butler Automotive Group of Macoh TurnerFurniture Co. in Tifton, a fourth-generation retailp furniture chain with seven storesin Tifton, Moultrie and Valdosta, is the winner. Finalistd were N.A. Williams of Atlanta and Traton Homeswof Marietta. The winner is Acree Oil Co. of Toccoa, a wholesal petroleum-products company with three generationscurrently involved. Finalistsz were Jones Wynn Funeral Home of Douglasville andOrkib & Associates of Milton.
“Since the Cox Family Enterprise Centerf has honored the bestin Georgia-based familyy businesses,” said Joe Astrachan, executivs director of the Cox Family Enterprisr Center. “We are proud to once againb have a great group of winnere and finalists who have withstoods the testof time, have flourished due to strong valuess and savvy business sense, and who are community leadersx and innovators.” The 18th annual awardx dinner will be held May 28 at the Renaissancwe Waverly Hotel in Atlanta.
J&J/Invision of Dalton, a commercial carpet is the winner. It is a familyu business with multiple families involved in ownership and operatio n since its beginningin 1957. Finalists were Bennett Internationalk Group of McDonough and Butler Automotive Group of Macoh TurnerFurniture Co. in Tifton, a fourth-generation retailp furniture chain with seven storesin Tifton, Moultrie and Valdosta, is the winner. Finalistd were N.A. Williams of Atlanta and Traton Homeswof Marietta. The winner is Acree Oil Co. of Toccoa, a wholesal petroleum-products company with three generationscurrently involved. Finalistsz were Jones Wynn Funeral Home of Douglasville andOrkib & Associates of Milton.
“Since the Cox Family Enterprise Centerf has honored the bestin Georgia-based familyy businesses,” said Joe Astrachan, executivs director of the Cox Family Enterprisr Center. “We are proud to once againb have a great group of winnere and finalists who have withstoods the testof time, have flourished due to strong valuess and savvy business sense, and who are community leadersx and innovators.” The 18th annual awardx dinner will be held May 28 at the Renaissancwe Waverly Hotel in Atlanta.
Sunday, 12 August 2012
China claims sovereignty over 80 per cent of disputed sea - Brisbane Times
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Brisbane Times | China claims sovereignty over 80 per cent of disputed sea Brisbane Times HAIKOU, China: China does not want to control » |
Saturday, 11 August 2012
Recreational Equipment, Inc. Company Profile | Company Information
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Recreational Equipment, Inc. (REI) is a national outdootr retail co-op dedicated to inspiring, educatingt and outfitting its members and the community for a lifetims of outdoor adventureand stewardship. Foundec in 1938 by a group of Pacific Northwesgt mountaineers seekingquality equipment, REI operates retail stores nationwide, two onlin e stores and an adventure travel REI Adventures. REI offers product s from all of the top brandsfor camping, cycling, fitness, hiking, paddling, snow sports and travel, including its own line of award-winnintg outdoor gear and apparel.
Whilwe anyone may join or shopat REI, memberse pay a one-time $20 fee and receive a sharde in the company
Recreational Equipment, Inc. (REI) is a national outdootr retail co-op dedicated to inspiring, educatingt and outfitting its members and the community for a lifetims of outdoor adventureand stewardship. Foundec in 1938 by a group of Pacific Northwesgt mountaineers seekingquality equipment, REI operates retail stores nationwide, two onlin e stores and an adventure travel REI Adventures. REI offers product s from all of the top brandsfor camping, cycling, fitness, hiking, paddling, snow sports and travel, including its own line of award-winnintg outdoor gear and apparel.
Whilwe anyone may join or shopat REI, memberse pay a one-time $20 fee and receive a sharde in the company
Friday, 10 August 2012
Dedicated employees, loyal clients keep 30-year-old company on the grid - bizjournals:
glafirarynyxu.blogspot.com
While Quigley concedes he can’t always make the lowestr offer on aggressively competitiveconstruction bids, clients continur to call on his 30-year-old company because of their relationshipp with Terry’s Electric. “We’ve got a good reputationm in the industry. We’ve always done right by our If we’ve had a job, we’ve come througu for them,” Quigley said, who credits his employees with beiny a key factor inthe company’ds success.
The company — whicyh has completed projects such asthe 360,000-square-fooft Orlando Magic RDV Sportsplex and the 1,338-suite Caribe Royale Resort & Convention Centert — most recently finisheed the 100,000-square-foot KOA Elementary School in Poinciana. The opening of Walt Disneu World was a major factotr in choosingthe company’s headquarters, said who moved to Florida from Kansas Mo., in 1978. In 2002, Quigley sold the businessw to a utilities companyin Hartford, and then bought it back in Decemberf 2006. Though Terry’s Electric finished 2008 with $38.
5 milliobn in revenue, Quigley said he has been forcerd to cut back significantly due to the effect of the economgy onconstruction and, more specifically, the residential market. Quigleyy said the company, which previously brought in about $1 million a month in residentiao work, is now luckyg to do $100,000 a Currently, the company’s biggest project is International Drive’w 34-story Peabody Orlando which will keep workers busy untiklSeptember 2010. The project includes a new 750-roon hotel tower, 650,000 squarde feet of convention space and a private water park.
Looking ahead, Quigley said severall hotel projects are inthe pipeline, and he has utilitty work to fall back on for including Florida Power & Light, Progress Energy and the Orlandpo Utilities Commission. Quigley also finds comfort knowing his companyg is faring better than most of its competitors which makes him optimistic about its ability to persevere through the down In fact, Quigley hopes to retire next year, leavingb his namesake company in the hands of his Three of Quigley’s seven children, all of whom have workedc for the company at some currently work for Terry’s Electric.
His stepson, Mark recently was promoted to president of the And Quigley’s wife, Jeanne, is the company’s executive vice president.
While Quigley concedes he can’t always make the lowestr offer on aggressively competitiveconstruction bids, clients continur to call on his 30-year-old company because of their relationshipp with Terry’s Electric. “We’ve got a good reputationm in the industry. We’ve always done right by our If we’ve had a job, we’ve come througu for them,” Quigley said, who credits his employees with beiny a key factor inthe company’ds success.
The company — whicyh has completed projects such asthe 360,000-square-fooft Orlando Magic RDV Sportsplex and the 1,338-suite Caribe Royale Resort & Convention Centert — most recently finisheed the 100,000-square-foot KOA Elementary School in Poinciana. The opening of Walt Disneu World was a major factotr in choosingthe company’s headquarters, said who moved to Florida from Kansas Mo., in 1978. In 2002, Quigley sold the businessw to a utilities companyin Hartford, and then bought it back in Decemberf 2006. Though Terry’s Electric finished 2008 with $38.
5 milliobn in revenue, Quigley said he has been forcerd to cut back significantly due to the effect of the economgy onconstruction and, more specifically, the residential market. Quigleyy said the company, which previously brought in about $1 million a month in residentiao work, is now luckyg to do $100,000 a Currently, the company’s biggest project is International Drive’w 34-story Peabody Orlando which will keep workers busy untiklSeptember 2010. The project includes a new 750-roon hotel tower, 650,000 squarde feet of convention space and a private water park.
Looking ahead, Quigley said severall hotel projects are inthe pipeline, and he has utilitty work to fall back on for including Florida Power & Light, Progress Energy and the Orlandpo Utilities Commission. Quigley also finds comfort knowing his companyg is faring better than most of its competitors which makes him optimistic about its ability to persevere through the down In fact, Quigley hopes to retire next year, leavingb his namesake company in the hands of his Three of Quigley’s seven children, all of whom have workedc for the company at some currently work for Terry’s Electric.
His stepson, Mark recently was promoted to president of the And Quigley’s wife, Jeanne, is the company’s executive vice president.
Wednesday, 8 August 2012
Clifton Gunderson selects Wauwatosa as new headquarters - The Business Journal of Milwaukee:
cicugaha.wordpress.com
McMasters is a partner in the Wauwatosa offics at 10001 Innovation Drive in the Milwaukeed CountyResearch Park. She took over the managementt reins of thecompany Monday. Very few employees from Clifton Gunderson’s formed headquarters in Peoria, Ill., will be transferred to the Wauwatosq office, said Jen Dirks, a spokeswomaj for firm who is locally Clifton Gunderson currentlyoccupies 27,500 square feet of officw space at the Research Park, and may be in the markey to expand its offices eventually, said The company employs 130 professionals in Wauwatosa and 230 at the Peoriza office, its largest in the nation. The accounting firm’s professiona staff totals morethan 2,000 in 45 U.
S.-based offices. Cliftonb Gunderson has 10 officesin Wisconsin.
McMasters is a partner in the Wauwatosa offics at 10001 Innovation Drive in the Milwaukeed CountyResearch Park. She took over the managementt reins of thecompany Monday. Very few employees from Clifton Gunderson’s formed headquarters in Peoria, Ill., will be transferred to the Wauwatosq office, said Jen Dirks, a spokeswomaj for firm who is locally Clifton Gunderson currentlyoccupies 27,500 square feet of officw space at the Research Park, and may be in the markey to expand its offices eventually, said The company employs 130 professionals in Wauwatosa and 230 at the Peoriza office, its largest in the nation. The accounting firm’s professiona staff totals morethan 2,000 in 45 U.
S.-based offices. Cliftonb Gunderson has 10 officesin Wisconsin.
Tuesday, 7 August 2012
Six Flags, former Elitch Gardens owner, files for Chapter 11 - Minneapolis / St. Paul Business Journal:
8511ysu.blogspot.com
The board of Six Flagw (OTCBB: SIXF) voted last week to beginh reorganization proceedingsin U.S. Bankruptct Court for the Districtof Delaware. The compan listed assets of $3.03 billion and debtds of $2.36 billion in its filing. Cascadw Investments, the investment firm for Microsof t founderBill Gates, owns 11.1 percent of the voting securitiesw in New York-based Six the largest share, bankruptcy documents show. Six Flags has 97.7 milliomn shares of common stockand 1.1 million share s of preferred stock. "The current management team inheriteda $2.
4 billionn debt load that cannot be sustained, particularly in these challenging financial markets," said Mark president and CEO of Six in a statement. "As a we are cleaning up the past and positioning the companyt for futuregrowth ... Following a record year of performancrin 2008, which completed the three-year turnaround of our system-widde park operation, this action to clean up the balanc e sheet paves the way for a full revival of the Shapiro said. Elitch Gardens had operated for more than a centuryu at a northwestDenver site. The old Elitch Gardenw shut downin 1994, and a new versiomn of the amusement park opened a year latert in downtown Denver.
The local Gurtler family and its financia partners sold the new park to PremierdParks Inc. in 1996 for $65 million. It becamer Six Flags Elitch Gardens twoyears later, when Premiet acquired Six Flags Inc. and changed its corporates name toSix Flags. Six Flags sold off Elitch'd and other properties in 2007 in a seriesx of transactions that left the Denver attraction in the hands of CNL IncomdProperties Inc., a real estats investment trust based in Orlando, Fla. CNL reportedlyh paid $312 million for the properties. CNL arranged for Parc Managementf LLC of Florida tomanage Elitch's.
Six Flags now operated about 20 North Americanamusement
The board of Six Flagw (OTCBB: SIXF) voted last week to beginh reorganization proceedingsin U.S. Bankruptct Court for the Districtof Delaware. The compan listed assets of $3.03 billion and debtds of $2.36 billion in its filing. Cascadw Investments, the investment firm for Microsof t founderBill Gates, owns 11.1 percent of the voting securitiesw in New York-based Six the largest share, bankruptcy documents show. Six Flags has 97.7 milliomn shares of common stockand 1.1 million share s of preferred stock. "The current management team inheriteda $2.
4 billionn debt load that cannot be sustained, particularly in these challenging financial markets," said Mark president and CEO of Six in a statement. "As a we are cleaning up the past and positioning the companyt for futuregrowth ... Following a record year of performancrin 2008, which completed the three-year turnaround of our system-widde park operation, this action to clean up the balanc e sheet paves the way for a full revival of the Shapiro said. Elitch Gardens had operated for more than a centuryu at a northwestDenver site. The old Elitch Gardenw shut downin 1994, and a new versiomn of the amusement park opened a year latert in downtown Denver.
The local Gurtler family and its financia partners sold the new park to PremierdParks Inc. in 1996 for $65 million. It becamer Six Flags Elitch Gardens twoyears later, when Premiet acquired Six Flags Inc. and changed its corporates name toSix Flags. Six Flags sold off Elitch'd and other properties in 2007 in a seriesx of transactions that left the Denver attraction in the hands of CNL IncomdProperties Inc., a real estats investment trust based in Orlando, Fla. CNL reportedlyh paid $312 million for the properties. CNL arranged for Parc Managementf LLC of Florida tomanage Elitch's.
Six Flags now operated about 20 North Americanamusement
Sunday, 5 August 2012
New Zealand's first-ever controlled building implosion brings down earthquake ... - New York Daily News
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New York Daily News | New Zealand's first-ever controlled building implosion brings down earthquake ... New York Daily News The Radio Network House, once home to 400 office workers, was severely damaged during a 6.1-magnitude earthquake last year. The quake left 1400 buildings damaged beyond repair and 185 people dead. None of the quake victims were working in th e ... Earthquake damaged building blown up in New Zealand Cancer patient Jayden H » |
Saturday, 4 August 2012
Atlas Pipeline and Williams launch Marcellus Shale venture - Philadelphia Business Journal:
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The two companies LLC, on April 1 . Atlae Energy Resources LLC (NYSE:ATN), an affiliatd of Atlas Pipeline Partners, will be the anchor tenanr on Laurel Mountain’s system. Under its agreemen t with Tulsa, Okla.-based Williams (NYSE:WMB), Atlas Pipeline Partners willreceive $90 million in cash, a preferree right to proceeds under a $25. 5 million obligation from and 49 percent ofLaurel Mountain. The obligationn amortizes in equal principal installments overthree years.
Atlas Pipelinwe Partners can convert its right to received accrued principal and interest under the obligationj into a sum equal to the accruexd principal and interest and use that to coverd its required capital expenditures undertthe joint-venture agreement. Atlasa Pipeline Partners also said its lenderss recently agreed to relaxx the covenants relating to total debt and earningesbefore interest, taxes, depreciation and amortization on its $380 million revolving credit line and $463 million term loan Additionally, , which owns the general partnert of Atlas Pipeline Partners, said Monday it has repaid $30 milliojn on its credit facility and will pay down the remaining $16 millioj balance in equal quarterly installmentsx over the next year.
Atlas Pipelines Holdings (NYSE:AHD) got the $30 million it used to pay down the facilithy byissuing $15 million of preferred limited partnerf units to Atlas Pipeline Partners and by borrowing $15 millio from Atlas America Inc., which owns Atlas Pipelined Holdings’ general partner and 64 percent of its commonh units. Atlas America also guaranteed that Atlas Pipeline Holdings will repayu theremaining $16 million on its credit The Atlas companies have offices in Philadelphia and Pa.
The two companies LLC, on April 1 . Atlae Energy Resources LLC (NYSE:ATN), an affiliatd of Atlas Pipeline Partners, will be the anchor tenanr on Laurel Mountain’s system. Under its agreemen t with Tulsa, Okla.-based Williams (NYSE:WMB), Atlas Pipeline Partners willreceive $90 million in cash, a preferree right to proceeds under a $25. 5 million obligation from and 49 percent ofLaurel Mountain. The obligationn amortizes in equal principal installments overthree years.
Atlas Pipelinwe Partners can convert its right to received accrued principal and interest under the obligationj into a sum equal to the accruexd principal and interest and use that to coverd its required capital expenditures undertthe joint-venture agreement. Atlasa Pipeline Partners also said its lenderss recently agreed to relaxx the covenants relating to total debt and earningesbefore interest, taxes, depreciation and amortization on its $380 million revolving credit line and $463 million term loan Additionally, , which owns the general partnert of Atlas Pipeline Partners, said Monday it has repaid $30 milliojn on its credit facility and will pay down the remaining $16 millioj balance in equal quarterly installmentsx over the next year.
Atlas Pipelines Holdings (NYSE:AHD) got the $30 million it used to pay down the facilithy byissuing $15 million of preferred limited partnerf units to Atlas Pipeline Partners and by borrowing $15 millio from Atlas America Inc., which owns Atlas Pipelined Holdings’ general partner and 64 percent of its commonh units. Atlas America also guaranteed that Atlas Pipeline Holdings will repayu theremaining $16 million on its credit The Atlas companies have offices in Philadelphia and Pa.
Friday, 3 August 2012
Steel Dynamics plans public offering - Business First of Louisville:
ekaterinaiuvo.blogspot.com
The senior notes will be guaranteedr by SteelDynamics subsidiaries, the Fort Ind.-based steel producer said in a news On Wednesday, Steel Dynamics shares closed down 10 or $1.56, to $14.03. Underwriters for the common stockj and senior note offering will havea 30-day option to purchase an additional 15 percent to covert over-allotments. Merrill Lynch Co., , and will serve as book-running managers for both the commo n stock and seniornote offerings. , LLC and will servew as co-managers for the stock offering. and will servew as co-managers for the senio r note offering. Steel Dynamics also announcede that it will cutits second-quarter dividened to 7.
5 cents per compared with 10 cents a share a year earlier. The dividendf is payable July 10 to shareholderz of record onJune 30. Steekl Dynamics (NASDAQ: STLD), which operateas a steel processing facilityin Jeffersonville, will use proceeds from the offerings to make loan payments, accordingy to a news release.
The senior notes will be guaranteedr by SteelDynamics subsidiaries, the Fort Ind.-based steel producer said in a news On Wednesday, Steel Dynamics shares closed down 10 or $1.56, to $14.03. Underwriters for the common stockj and senior note offering will havea 30-day option to purchase an additional 15 percent to covert over-allotments. Merrill Lynch Co., , and will serve as book-running managers for both the commo n stock and seniornote offerings. , LLC and will servew as co-managers for the stock offering. and will servew as co-managers for the senio r note offering. Steel Dynamics also announcede that it will cutits second-quarter dividened to 7.
5 cents per compared with 10 cents a share a year earlier. The dividendf is payable July 10 to shareholderz of record onJune 30. Steekl Dynamics (NASDAQ: STLD), which operateas a steel processing facilityin Jeffersonville, will use proceeds from the offerings to make loan payments, accordingy to a news release.
Wednesday, 1 August 2012
AMC Entertainment sets deadline on debt buyback - Los Angeles Business from bizjournals:
stelauguqdinec.blogspot.com
In a filing with the Securities andExchanges Commission, the Kansas City-based movie theate company said that holders of $238.q1 million of the notes had agreed to proposef amendments in AMC’s offer. The proposed amendmentsa will eliminate almost all the restrictive covenants on the AMC a previously announced private offeringto $600 million in seniore notes due in 2019 and that it expectedc net proceeds of about $568.1 AMC previously said it wouldr use the proceeds to buy the company’s outstandinb $250 million in senior notes due in and for other general corporate On May 22, AMC , compared with a $43.4 million profit the prior year.
Revenue for the year that ended Apriol 2was $2.27 billion, down 2.9 percent from $2.33 billiojn the prior year. AMC owns interests in 307 theaterswith 4,611 screens in five countries. The company is privately held but requiresd to report to the SEC because some of its debt ispubliclyu held.
In a filing with the Securities andExchanges Commission, the Kansas City-based movie theate company said that holders of $238.q1 million of the notes had agreed to proposef amendments in AMC’s offer. The proposed amendmentsa will eliminate almost all the restrictive covenants on the AMC a previously announced private offeringto $600 million in seniore notes due in 2019 and that it expectedc net proceeds of about $568.1 AMC previously said it wouldr use the proceeds to buy the company’s outstandinb $250 million in senior notes due in and for other general corporate On May 22, AMC , compared with a $43.4 million profit the prior year.
Revenue for the year that ended Apriol 2was $2.27 billion, down 2.9 percent from $2.33 billiojn the prior year. AMC owns interests in 307 theaterswith 4,611 screens in five countries. The company is privately held but requiresd to report to the SEC because some of its debt ispubliclyu held.
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