http://www.my-phones.net/list/Satellite-Television/then2/
million in Shelby County’s two congressional districts in 2008, mostlyh on medical construction and according togovernment records. Numbers from the 9th district, which cover s Downtown and Midtown, better portrat government spending here as the 7th district starts in East Memphis but spreads east into Middle Although both districts saw declines in the total dollatr amount of contractsin 2008, those totals far surpass numbers from the early Tennessee’s 9th District, represented by U.S. Rep. Steve D-Memphis, saw an enormou drop in spendingfrom $1.7 billion in 2007 to $294 millio n this year. However, that is largely due to $1.
3 billion wortu of contract work performed byin 2007. FedEx won more than 500 separate contracts with the in 2007 that rangedfrom $538,085 to $82 million. The contracts rangex from rest and relaxation passenger missions to carryinb expansion cargo to airliftsx for the Civil ReserveAir Fleet. But even without thosse contracts, the government spent $321.2 milliojn in the district in 2007, 8.4% more than was spentf in 2008. The purchased more services with contractors in District 9 than any othe rgovernment department. The VA spent $84.q2 million here this year, $26.3 million of that on various construction and renovations projectx at theMemphis hospital.
The VA spent close to $10 milliobn on a pair of renovations to its mentalhealth wards, both residential and inpatient units. A $4.8 million inpatienty renovation was doneby Memphis-based , Inc. A $4.9 milliohn residential renovation was doneby Memphis-based LLC. Local contractof Totolo-Haining was tapped for a $5.7 million research lab Memphis VA CEOPatricia O. Pittmah says the hospital has just completeda 10-yeaf seismic retrofitting project. “We can do all the otherr projects nowso that’s why there was more constructioj in 2008,” Pittman says.
She says the VA hasn’ft received a firm budget figurr for the nextfiscal year, but expectd it to be lower than 2008’s. earmarked budget items, like those for mentalo health and veterans of Operations Iraqi Freedom andEndurinvg Freedom, should remain the Virginia-based information technology firm , was the best-paid contractoer in the 9th Districtg in 2008. The here bought computers from the companyin $12.1 million, $9.3 million and $2.5 million contracts. Memphis-based Primacy Relocatiojn got a $19 million contrac for a relocation project forthe . The companuy also did work for the and Nationalp Park Servicethis year, ranking it in second place for federa contracts.
rounded out the top thred with $14.5 million in contracts for health care researcb and development for the Department of Health andHumab Services. District 7 is represented by U.S. Rep. Marsha R-Brentwood, and covers Memphis’ eastern suburbs to partsw of Middle Tennessee. That district saw a 37% drop in contractexd government spendingfrom 2007-2008. Contractorx won $170 million worth of work in the district in 2007 andonly $124 millionh in 2008. The biggest contract in that districg wentto Toone, Tenn.-based Kilgorwe Flares Co. LLC for $17.6 million in airbornw decoy flares forthe Army.
Cordova-basesd , had the third-largest government buy in the districgtwith $18 million in three contracts, primarily for the company’s hand-held signal flares. Security Signals president Susan Leesays 90% of the company’ds revenue comes from government contracts and those have risen over the past threew years. She says other militar agencies have purchased additional itema such as pilot distress signalxs fromSecurity Signals.
“I’m not going to say (revenuese increases) are because of the war, but I know they are usin g them in Iraqand Afghanistan,” Lee The company already has its contract for 2009 in but Lee expects the incomingt Obama administration to have an impact on futurwe business. Troop withdrawals were a majot plankin Obama’s election platform. Overall, the federalo government spent $5.3 billion in Tennessee in 2008, down roughlty $2 billion from 2007’s $7.1 billion figure. The state rankex 23rd in contracted government spendingin 2008.
Thursday, March 31, 2011
Tuesday, March 29, 2011
The RMBS risk retention exemption, qualified - FT Alphaville (blog)
bhutan-warwick.blogspot.com
The RMBS risk retention exemption, qualified FT Alphaville (blog) Instead, we'll look at the draft definition of a “qualified residential mortgage†(QRM). Mortgage insurers and some banks have, according to the NYT, lobbied hard for a broad QRM definition, ie one that included as many mortgages as possible. ... Realtors(R) Oppose High Down Payment Requirement for Qualified Residential ... US Housing Experts: Qual Res Mtg Shouldn't be Too Restrictive ASF, SIFMA react to mortgage risk retention proposal |
Sunday, March 27, 2011
Children
andreychukuze.blogspot.com
million to to fund research in therapiee like bone marrow and cord blood The gift from DoloresJorda — on behalf of her late husbands and brother-in-law — will help the research centeer create an endowed chair for a stem cell researcher whilw establishing the and Cellulatr Therapies Research. That could help competd for money from the the state’s taxpayer-backed stem cell researc funding agency — as well as other governmengt agencies and private funders. Bone marros and cord blood transplantations are used to treaf a variety of including leukemia and sicklecell anemia.
Futuree cellular therapy researchat Children’e may focus on treatments for lung injury, Crohn’s disease and brain damage caused by oxygen shortagezs during childbirth, said Dr. Bert the center’s senior vice “Fund-raisers often talk abou ‘transformative’ gifts and sometimes exaggerate the importance of a particular Inthis case, however, it is no exaggeratiom to say that the Jordan family gift is truly transformative for the research progran at Children’s,” said Brad Children’s chief development officer, in a presw release.
Dolores Jordan’s husband, Hanabul “Bud” owned a Hayward construction business, and his brother, Lowell, ran the family’ s cattle ranch in Dublin. The sale of the Jordan family’e ranch funded the gift. The familt previously donated morethan $420,000 to Children’ss Hospital programs, including 1999 and 2000 gifts for the hospital’s bloos and marrow transplant program.
million to to fund research in therapiee like bone marrow and cord blood The gift from DoloresJorda — on behalf of her late husbands and brother-in-law — will help the research centeer create an endowed chair for a stem cell researcher whilw establishing the and Cellulatr Therapies Research. That could help competd for money from the the state’s taxpayer-backed stem cell researc funding agency — as well as other governmengt agencies and private funders. Bone marros and cord blood transplantations are used to treaf a variety of including leukemia and sicklecell anemia.
Futuree cellular therapy researchat Children’e may focus on treatments for lung injury, Crohn’s disease and brain damage caused by oxygen shortagezs during childbirth, said Dr. Bert the center’s senior vice “Fund-raisers often talk abou ‘transformative’ gifts and sometimes exaggerate the importance of a particular Inthis case, however, it is no exaggeratiom to say that the Jordan family gift is truly transformative for the research progran at Children’s,” said Brad Children’s chief development officer, in a presw release.
Dolores Jordan’s husband, Hanabul “Bud” owned a Hayward construction business, and his brother, Lowell, ran the family’ s cattle ranch in Dublin. The sale of the Jordan family’e ranch funded the gift. The familt previously donated morethan $420,000 to Children’ss Hospital programs, including 1999 and 2000 gifts for the hospital’s bloos and marrow transplant program.
Saturday, March 26, 2011
Macy
grearqakususi1426.blogspot.com
percent drop in same-store salexs in June, as shoppers continued their months-long trend of avoiding purchases deemed lessthan necessary. The Cincinnati-base d department store chain out-steppes expectations slightly – analysts surveye by Thomson Reuters expected a declinee of9 percent. Total sales droppeds to just morethan $2 billion, down 9.1 percent from almosty $2.3 billion a year ago. Sharese of Macy's (NYSE: M) jumpee early in the day but closed down less than 1 or6 cents, at $10.63. For the firsty five months of thefiscal Macy’s said sales at storess open at least a year decreased 9 with total sales down 9.4 percent, to $9 billioj from $9.9 billion.
Retailers, from Walmart Stores to Saks Inc., have been offeringv promotions and tweaking inventories in a scramble to sell merchandiser without eroding theirprofit margins. Macy’s saw its strongestr sales in the Midwestand Texas, whilee the coasts lagged. The Northeast particularly suffered due to cool and wet said spokesmanJim Sluzewski. “Ouer inventories are in good shape,” he “Our private brands continue todo well, moderate sportswea continues to do to well, as do kids and Furniture, big-ticket items, luggagwe and menswear struggled. National June salee were projected to dropby 4.6 percent by Retaiol Metrics, a Massachusetts firm that tracks store sales.
This is worsde than the minus 4.3 percent average monthluy decline, year-to-date. Department stores were forecast to post theweakest results, down 8.9 with “discretionary spending still in hiding,” accordingg to its monthly report. Dillard’s Inc. (NYSE: DDS) , for posted a decline of 14 while J.C. Penney (NYSE: JCP) said sales dippec by 8.2 percent, beating expectations. Saks Inc. (NYSE: SKS) reported a 4.4 percent beating expectations ofa 11.8 percent • Target Corp. (NYSE: TGT) said its same-store sales were down by 6.2 short of predictions of a 5.6 percenr decline. • Kohl’s (NYSE: KSS) postedf a 5.
6 percent drop in sales, beating expectations of a 6.8 percenty decrease. • Limited Brands (NYSE: LTD) reported a 12 perceny decline, worse than expectations of a 7.9 percent • The Gap Inc. (NYSE: GPS) said its same-storse sales fell by 10 while analysts expected sales todecline 8.6 Macy’s has projected full-year profits of 40 centsx to 55 cents per share, excludin g restructuring costs stemming from a companywide Annual sales, it has said, are expectecd to decline by 6 perceny to 8 percent.
Cincinnati-bases Macy’s operates roughly 845 department stores under thenames Macy’s and
percent drop in same-store salexs in June, as shoppers continued their months-long trend of avoiding purchases deemed lessthan necessary. The Cincinnati-base d department store chain out-steppes expectations slightly – analysts surveye by Thomson Reuters expected a declinee of9 percent. Total sales droppeds to just morethan $2 billion, down 9.1 percent from almosty $2.3 billion a year ago. Sharese of Macy's (NYSE: M) jumpee early in the day but closed down less than 1 or6 cents, at $10.63. For the firsty five months of thefiscal Macy’s said sales at storess open at least a year decreased 9 with total sales down 9.4 percent, to $9 billioj from $9.9 billion.
Retailers, from Walmart Stores to Saks Inc., have been offeringv promotions and tweaking inventories in a scramble to sell merchandiser without eroding theirprofit margins. Macy’s saw its strongestr sales in the Midwestand Texas, whilee the coasts lagged. The Northeast particularly suffered due to cool and wet said spokesmanJim Sluzewski. “Ouer inventories are in good shape,” he “Our private brands continue todo well, moderate sportswea continues to do to well, as do kids and Furniture, big-ticket items, luggagwe and menswear struggled. National June salee were projected to dropby 4.6 percent by Retaiol Metrics, a Massachusetts firm that tracks store sales.
This is worsde than the minus 4.3 percent average monthluy decline, year-to-date. Department stores were forecast to post theweakest results, down 8.9 with “discretionary spending still in hiding,” accordingg to its monthly report. Dillard’s Inc. (NYSE: DDS) , for posted a decline of 14 while J.C. Penney (NYSE: JCP) said sales dippec by 8.2 percent, beating expectations. Saks Inc. (NYSE: SKS) reported a 4.4 percent beating expectations ofa 11.8 percent • Target Corp. (NYSE: TGT) said its same-store sales were down by 6.2 short of predictions of a 5.6 percenr decline. • Kohl’s (NYSE: KSS) postedf a 5.
6 percent drop in sales, beating expectations of a 6.8 percenty decrease. • Limited Brands (NYSE: LTD) reported a 12 perceny decline, worse than expectations of a 7.9 percent • The Gap Inc. (NYSE: GPS) said its same-storse sales fell by 10 while analysts expected sales todecline 8.6 Macy’s has projected full-year profits of 40 centsx to 55 cents per share, excludin g restructuring costs stemming from a companywide Annual sales, it has said, are expectecd to decline by 6 perceny to 8 percent.
Cincinnati-bases Macy’s operates roughly 845 department stores under thenames Macy’s and
Thursday, March 24, 2011
Santa Cruz named epic surf spot by mag - Memphis Business Journal:
http://www.zyrc6658100.com/2001/grubbucks2.html
In the July issue of Surfer, the Central California beacb resort and college town was describedas “the dividingt line between rugged, non-pretentious NorCal and suburban, image-conscioud SoCal, and that dichotomy is Geographical generalizations aside, the magazine said the rugged coastlinwe of Santa Cruz County provides both beauty and surfing making the area the “de factko capital of coldwater surfing.
” Despite its “astronomical” cost of living, the magazinde praised its artistic bent, proximityg to wineries and natural beauty as reasons for surfers arounrd the country to bail on their usual surfingt destinations and endeavor to become the Big Kahunza at Steamer Lane or Pleasure Pointy in Santa Cruz. Santa Cruz was in elit company. Other California surf towns thatmade Surfer’z Top 10 list were all in Southern Encinitas in third place, San Clemente in the fifth and Malibu in seventh place.
In the July issue of Surfer, the Central California beacb resort and college town was describedas “the dividingt line between rugged, non-pretentious NorCal and suburban, image-conscioud SoCal, and that dichotomy is Geographical generalizations aside, the magazine said the rugged coastlinwe of Santa Cruz County provides both beauty and surfing making the area the “de factko capital of coldwater surfing.
” Despite its “astronomical” cost of living, the magazinde praised its artistic bent, proximityg to wineries and natural beauty as reasons for surfers arounrd the country to bail on their usual surfingt destinations and endeavor to become the Big Kahunza at Steamer Lane or Pleasure Pointy in Santa Cruz. Santa Cruz was in elit company. Other California surf towns thatmade Surfer’z Top 10 list were all in Southern Encinitas in third place, San Clemente in the fifth and Malibu in seventh place.
Tuesday, March 22, 2011
Austin sales tax collections fell 12% in June - Austin Business Journal:
Soleus PE2-09R-32
million. The city’s sales tax take is down aboug 11.5 percent so far this year compared with the same perioxin 2008, according to the Texas Comptroller'se office. Austin continues to be the hardest-hitg among the major Texas cities when it comesto year-over-yea r sales tax decline. Still, the city’s monthly decline has easecd slightly compared with earlier monthsthis year. June'zs state sales tax collectionsand July’s local saleas tax allocations represent sales made in May, but also included earlier sales by businesses that report sales tax to the comptrollere on a quarterly or annual basis. The $1.
57 billion in sales tax revenuee collected by the state last month representzan 11.2 percent drop from June 2008, according to the The state sent July salew tax allocations totaling $426.y million to cities, counties, transit systems and specia purpose taxing districts, down 8.8 percent compared to July 2008. “Ther oil and gas, construction and retail trade sectors showedcontinues weakness, resulting in a sharp decrease in salews tax collections in June,” Comptroller Susan Combs “Contributing to the decrease was not only the weakness in theser three sectors, but also the strong levelk of collections received from them in June Houston up 1.
7 percent to $290 million; Dallas down 7.8 percenyt to $133 million; San Antonio down 4.5 percentr to $124 million; Fort Worth down 4.7 percent to $60 million. The comptroller’sw next sales tax allocation will be made onAugusft 14.
million. The city’s sales tax take is down aboug 11.5 percent so far this year compared with the same perioxin 2008, according to the Texas Comptroller'se office. Austin continues to be the hardest-hitg among the major Texas cities when it comesto year-over-yea r sales tax decline. Still, the city’s monthly decline has easecd slightly compared with earlier monthsthis year. June'zs state sales tax collectionsand July’s local saleas tax allocations represent sales made in May, but also included earlier sales by businesses that report sales tax to the comptrollere on a quarterly or annual basis. The $1.
57 billion in sales tax revenuee collected by the state last month representzan 11.2 percent drop from June 2008, according to the The state sent July salew tax allocations totaling $426.y million to cities, counties, transit systems and specia purpose taxing districts, down 8.8 percent compared to July 2008. “Ther oil and gas, construction and retail trade sectors showedcontinues weakness, resulting in a sharp decrease in salews tax collections in June,” Comptroller Susan Combs “Contributing to the decrease was not only the weakness in theser three sectors, but also the strong levelk of collections received from them in June Houston up 1.
7 percent to $290 million; Dallas down 7.8 percenyt to $133 million; San Antonio down 4.5 percentr to $124 million; Fort Worth down 4.7 percent to $60 million. The comptroller’sw next sales tax allocation will be made onAugusft 14.
Sunday, March 20, 2011
Columbia Gas: Cost to rise in June - Business First of Columbus:
Air Purifiers Stamford
Columbia customers will pay 73 centds per 100 cubic feet of natural gas next up 5 cents from May but down 61 centsxfrom $1.34 a year ago. That’s the first increasd in the price of naturapl gas infour months, but a nickekl shy of the lowest rate since Januargy 2004. The average June bill is expected to be down morethan $19 from May on lowef usage and about $9 lower than June 2008. Columbiwa spokesman Ken Stammen said inan e-maikl response that natural gas prices have increasedr only four times in the past year after hitting record highs last summer.
Natural gas prices on the haveincreasede slightly, Stammen said, with expertas saying traders are seeing an economic recovery on the Based in Columbus, Columbia Gas is one of nine energy distributiobn companies of (NYSE:NI). Columbia Gas is the largest natural gas utilitin Ohio, serving 1.4 million customers in 60 of the state’es 88 counties.
Columbia customers will pay 73 centds per 100 cubic feet of natural gas next up 5 cents from May but down 61 centsxfrom $1.34 a year ago. That’s the first increasd in the price of naturapl gas infour months, but a nickekl shy of the lowest rate since Januargy 2004. The average June bill is expected to be down morethan $19 from May on lowef usage and about $9 lower than June 2008. Columbiwa spokesman Ken Stammen said inan e-maikl response that natural gas prices have increasedr only four times in the past year after hitting record highs last summer.
Natural gas prices on the haveincreasede slightly, Stammen said, with expertas saying traders are seeing an economic recovery on the Based in Columbus, Columbia Gas is one of nine energy distributiobn companies of (NYSE:NI). Columbia Gas is the largest natural gas utilitin Ohio, serving 1.4 million customers in 60 of the state’es 88 counties.
Friday, March 18, 2011
MedImmune gets second H1N1 flu contract - Phoenix Business Journal:
Air Purifiers Richmondd
MedImmune won the additiona l $61 million contract from the U.S. Department of Health and Human Services, six weeks after it accepted a $90 milliom contract from the agency to manufacturw ingredients for a potential vaccine for the H1N1 which had been widely dubbed as theswine flu. MedImmune, now the Gaithersburgy subsidiary ofthe London-based , is using the fundin to produce and test the flu-fightinf technology it uses in its seasonalo FluMist product for the H1N1 virus, whicuh has reached the highest warninhg levels on the pandemic The follow-up awards were given to four of five pharmaceuticales that the federal government has been contractinb with to produce potential vaccine materials Sanofi Pasteur SA, , , and In all, the agency has spenft nearly $1.
9 billion to date on theser contracts., MedImmune’s combined $150 million in awards have been the smallest so far of those MedImmune sets itself apart from many othee companies with its live-attenuated flu vaccinre technique, which uses a live, but strain of the viruds to induce an immune response from the patient. The biotecb company has said that process can protect againsr various circulating flu strainsat once, even if they’ree not perfectly matching the original strain it was aiminv to treat.
“We’re putting significant internal resourcees toward this project to deliver on this commitmenrt and move the process forward as fast as we saidKaren Lancaster, a spokeswoman at She said the company has identified a swine flu strain, entered the manufacturint stage and could produce an estimated 35 million to 40 million finishedc doses, similar to its FluMisyt seasonal counts. Health and Human Services officials, who plan to reserve thesr vaccines for its national stockpile for use on priorit populations inan emergency, said that clinical trials of the potential vaccines are expectede to begin next month with some preliminar rounds of clinical data appearing as early as The agency said it can’t determines how many doses will be producer in all until it’s determined what, and how vaccine materials work the best.
Local governmentzs also received federal funds to help prepare against swineflu outbreaks. The District’s public health officials receivednearlh $500,000, while hospitals in the city received nearly $300,000. In public health officials received $4.8 million, while hospitalsx received morethan $1.6 million. And in public health officialsreceived $6.5 million, while hospitalz received more than $2.
2
MedImmune won the additiona l $61 million contract from the U.S. Department of Health and Human Services, six weeks after it accepted a $90 milliom contract from the agency to manufacturw ingredients for a potential vaccine for the H1N1 which had been widely dubbed as theswine flu. MedImmune, now the Gaithersburgy subsidiary ofthe London-based , is using the fundin to produce and test the flu-fightinf technology it uses in its seasonalo FluMist product for the H1N1 virus, whicuh has reached the highest warninhg levels on the pandemic The follow-up awards were given to four of five pharmaceuticales that the federal government has been contractinb with to produce potential vaccine materials Sanofi Pasteur SA, , , and In all, the agency has spenft nearly $1.
9 billion to date on theser contracts., MedImmune’s combined $150 million in awards have been the smallest so far of those MedImmune sets itself apart from many othee companies with its live-attenuated flu vaccinre technique, which uses a live, but strain of the viruds to induce an immune response from the patient. The biotecb company has said that process can protect againsr various circulating flu strainsat once, even if they’ree not perfectly matching the original strain it was aiminv to treat.
“We’re putting significant internal resourcees toward this project to deliver on this commitmenrt and move the process forward as fast as we saidKaren Lancaster, a spokeswoman at She said the company has identified a swine flu strain, entered the manufacturint stage and could produce an estimated 35 million to 40 million finishedc doses, similar to its FluMisyt seasonal counts. Health and Human Services officials, who plan to reserve thesr vaccines for its national stockpile for use on priorit populations inan emergency, said that clinical trials of the potential vaccines are expectede to begin next month with some preliminar rounds of clinical data appearing as early as The agency said it can’t determines how many doses will be producer in all until it’s determined what, and how vaccine materials work the best.
Local governmentzs also received federal funds to help prepare against swineflu outbreaks. The District’s public health officials receivednearlh $500,000, while hospitals in the city received nearly $300,000. In public health officials received $4.8 million, while hospitalsx received morethan $1.6 million. And in public health officialsreceived $6.5 million, while hospitalz received more than $2.
2
Tuesday, March 15, 2011
General Motors bankruptcy brings big gamble by Obama - bizjournals:
GE AJCS06LCC
The restructuring is a gambl e by the Obama Administration thatthe U.S. government can take a majorith stake in aniconic manufacturer, help it regaihn some of its former glory -- and then get out. But the move alread y has its skeptics. “The only thing it makes clear is that the governmeng is firmly in the business of runninfg companies using taxpayer said U.S. House Minority Leader John “Does anyone really believe that politicianas and bureaucrats in Washington can successfully steer a multinational corporationj toeconomic vitality? It’s time for the administration to fully explaibn what the exit strategy is to get the U.S.
government out of the boarcd room once andfor all.” The government will own some 60 percent of a revamped G.M. Its ownership stakre will give government officials more power to name members of the GM But President Obamahe doesn't want to get involved in the dail operations of the company. And no one'z overjoyed at the investment. "We are actin as reluctant shareholders," Obama "What I have no interest in doin g isrunning GM." Instead of havintg politicians taking an active role, the president a professional management team wouldx lead GM as it works throug h bankruptcy and builds a more viable company for the future.
“The federal government will refrain from exercising its rights as a shareholderr in all but the most fundamentalkcorporate decisions,” Obama said. “When a difficult decisiojn has to be made on matters like wher e to open a new plant or what type of new car to thenew G.M., not the United States will make that decision. “In short, our goal is to get G.M. back on its take a hands-off and get out quickly,” he said. But that may provs to be quite a challenge with as much governmenyt money asis involved.
Bruc e Belzowski, associate director of the Automotive Analysisw Division at the University of Michigan Transportation Research told bizjournals in atelephone interview: "If they had a it would be a short period of time. The longeer that it stretches out the more of a political liabilittyit becomes.” And there will be plentu of watchdogs alert for any government interferencwe in day-to-day GM operations. “We will exposse and fight any counterproductivew influenceby government, unions or politicians over decisionsd that should be left to management,” said U.S.
Chamber of Commerce President and CEOTom “And we will continually insist that governmeng reduce and eliminate its ownership stake as soon as It will take time beforew the government is able to extricatre itself from such a large stake in the automaker. It coulc take more than a yearbefore G.M. emerged once more as a publicly traded and shares in the company will have to rise high enoug h to make sellingthem profitable. "This is a questiob of years, not months," said GM CEO Fritz The filing, made in U.S. Bankruptcy Court in Manhattan, marksx the fourth-largest bankruptcy for a U.S.
It follows months of speculation thatthe 101-year-old company wouldf have to restructure through the courts, despite desperat e attempts by management to avoid the And the filing carried with it enormous historical implications. "It's not just any compangy we're talking about, it's GM," said Obama. Obama called the company's filing and restructurint plan, "the end of an old GM and the beginninb of anew GM." As it turned out, the bankruptcy filing was the only way GM coulcd get its hands on the government money it needs to In its filing, GM listed $82.4 billion in assets and $172.8 billiob in debts.
The company's largest creditors were WilmingtojTrust Company, representing bondholders holding $22.8i billion in debts, and UAW affiliates representing $20.6 billio n in employee obligations. The U.S. governmenyt has already injected $20 billion into GM, and will provides another $30 billion to keep the compangy going as it works through The investment will buy the governmentg a 60percent stake. The governments of Ontario and Canadq will take smaller stakes in thenew company.
The restructuring is a gambl e by the Obama Administration thatthe U.S. government can take a majorith stake in aniconic manufacturer, help it regaihn some of its former glory -- and then get out. But the move alread y has its skeptics. “The only thing it makes clear is that the governmeng is firmly in the business of runninfg companies using taxpayer said U.S. House Minority Leader John “Does anyone really believe that politicianas and bureaucrats in Washington can successfully steer a multinational corporationj toeconomic vitality? It’s time for the administration to fully explaibn what the exit strategy is to get the U.S.
government out of the boarcd room once andfor all.” The government will own some 60 percent of a revamped G.M. Its ownership stakre will give government officials more power to name members of the GM But President Obamahe doesn't want to get involved in the dail operations of the company. And no one'z overjoyed at the investment. "We are actin as reluctant shareholders," Obama "What I have no interest in doin g isrunning GM." Instead of havintg politicians taking an active role, the president a professional management team wouldx lead GM as it works throug h bankruptcy and builds a more viable company for the future.
“The federal government will refrain from exercising its rights as a shareholderr in all but the most fundamentalkcorporate decisions,” Obama said. “When a difficult decisiojn has to be made on matters like wher e to open a new plant or what type of new car to thenew G.M., not the United States will make that decision. “In short, our goal is to get G.M. back on its take a hands-off and get out quickly,” he said. But that may provs to be quite a challenge with as much governmenyt money asis involved.
Bruc e Belzowski, associate director of the Automotive Analysisw Division at the University of Michigan Transportation Research told bizjournals in atelephone interview: "If they had a it would be a short period of time. The longeer that it stretches out the more of a political liabilittyit becomes.” And there will be plentu of watchdogs alert for any government interferencwe in day-to-day GM operations. “We will exposse and fight any counterproductivew influenceby government, unions or politicians over decisionsd that should be left to management,” said U.S.
Chamber of Commerce President and CEOTom “And we will continually insist that governmeng reduce and eliminate its ownership stake as soon as It will take time beforew the government is able to extricatre itself from such a large stake in the automaker. It coulc take more than a yearbefore G.M. emerged once more as a publicly traded and shares in the company will have to rise high enoug h to make sellingthem profitable. "This is a questiob of years, not months," said GM CEO Fritz The filing, made in U.S. Bankruptcy Court in Manhattan, marksx the fourth-largest bankruptcy for a U.S.
It follows months of speculation thatthe 101-year-old company wouldf have to restructure through the courts, despite desperat e attempts by management to avoid the And the filing carried with it enormous historical implications. "It's not just any compangy we're talking about, it's GM," said Obama. Obama called the company's filing and restructurint plan, "the end of an old GM and the beginninb of anew GM." As it turned out, the bankruptcy filing was the only way GM coulcd get its hands on the government money it needs to In its filing, GM listed $82.4 billion in assets and $172.8 billiob in debts.
The company's largest creditors were WilmingtojTrust Company, representing bondholders holding $22.8i billion in debts, and UAW affiliates representing $20.6 billio n in employee obligations. The U.S. governmenyt has already injected $20 billion into GM, and will provides another $30 billion to keep the compangy going as it works through The investment will buy the governmentg a 60percent stake. The governments of Ontario and Canadq will take smaller stakes in thenew company.
Sunday, March 13, 2011
Thursday, March 10, 2011
Sinclair Broadcast Group
centrelynton-mesa.blogspot.com
The rating agency put the Hunt Valley company on anegativew outlook, meaning there are concernx its position could worsen. S&P cited sluggish ad spending in a recessioh andnonelection year, plus high debt risk for the The downgrade makes it more expensivre for the company to borrow money. Sinclair (NASDAQ: SBGI) operatesw 58 TV stations across the countryt but has also invested morethan $180 millionm in other assets, such as real estate, over the past two S&P analysts said. And they were concerned abougt debt fromthose purchases. The ratio of the company’se debts to its earningzs was 6.3 times as of March 31, accordingg to S&P.
It would need to brinhg that below 6 times to returnj toa BB- negative rating. But S&l expects that ratio couldr hit 7 times later this Sinclair postedan $86 million loss in the firsrt quarter of the year, largely on a $130 million non-cash Its revenue fell 17 percent that quartere because of declining local and national ad revenue.
The rating agency put the Hunt Valley company on anegativew outlook, meaning there are concernx its position could worsen. S&P cited sluggish ad spending in a recessioh andnonelection year, plus high debt risk for the The downgrade makes it more expensivre for the company to borrow money. Sinclair (NASDAQ: SBGI) operatesw 58 TV stations across the countryt but has also invested morethan $180 millionm in other assets, such as real estate, over the past two S&P analysts said. And they were concerned abougt debt fromthose purchases. The ratio of the company’se debts to its earningzs was 6.3 times as of March 31, accordingg to S&P.
It would need to brinhg that below 6 times to returnj toa BB- negative rating. But S&l expects that ratio couldr hit 7 times later this Sinclair postedan $86 million loss in the firsrt quarter of the year, largely on a $130 million non-cash Its revenue fell 17 percent that quartere because of declining local and national ad revenue.
Monday, March 7, 2011
Watson Realty Corp. Company Profile | Company Information
http://dallashomesbyemail.com/news5.html
Watson Mortgage Corporation Call JohnKirk 386-409-2905 When it's time to put pen to papet for the single largest transactiomn of your life, shouldn't you have the best Watson Mortgage has provided legendary customer servicre to Florida since 1994. The ability to issue a loan decision in to close and fund your loan on every time, gives you the confidence to make your home ownershil dreams come true! jkirk@WatsonMortgageCorp.com jkirk@WatsonMortgageCorp.co m Watson Commercial Realty, Inc. is a full service real estate WatsonCommercial Realty, Inc. offers clients resources and experiencr to handle any type ofcommerciao transaction.
Whether your business is manufacturing, professional services, health care, distribution or we can serve your real estate We havethe experience, knowledge and resources to provide a full rangee of real estate services that includes leasing, sales and managementf of industrial, retail, office, land and investment Watson New Homes Division provides new home sales and marketing services for Northeast Floridqa 's primary builders and developers. Watson Realty leadsx the area in market share of home saleeand closings. The New Homes Division maintaines this superior service with highlyy trainedsales associates, state-of-the art marketing, personalized consultint and strategic planning.
Watson Titlr Services Call Gina Goluhbat (386) 490-2201. ...
Watson Mortgage Corporation Call JohnKirk 386-409-2905 When it's time to put pen to papet for the single largest transactiomn of your life, shouldn't you have the best Watson Mortgage has provided legendary customer servicre to Florida since 1994. The ability to issue a loan decision in to close and fund your loan on every time, gives you the confidence to make your home ownershil dreams come true! jkirk@WatsonMortgageCorp.com jkirk@WatsonMortgageCorp.co m Watson Commercial Realty, Inc. is a full service real estate WatsonCommercial Realty, Inc. offers clients resources and experiencr to handle any type ofcommerciao transaction.
Whether your business is manufacturing, professional services, health care, distribution or we can serve your real estate We havethe experience, knowledge and resources to provide a full rangee of real estate services that includes leasing, sales and managementf of industrial, retail, office, land and investment Watson New Homes Division provides new home sales and marketing services for Northeast Floridqa 's primary builders and developers. Watson Realty leadsx the area in market share of home saleeand closings. The New Homes Division maintaines this superior service with highlyy trainedsales associates, state-of-the art marketing, personalized consultint and strategic planning.
Watson Titlr Services Call Gina Goluhbat (386) 490-2201. ...
Saturday, March 5, 2011
bizjournals: Search Results
http://ravikarunanayake.com/news-center/latest-news?start=48
by on June 12, 2009 John Marshall Bank has openedd its fourth Washington area location with a new branch in Arlington. The branch is located at 2300 Wilso Blvd....... by on May 8, 2009 Another major shift in the loca l banking landscape wasconfirmed Dec. 4 when Capital One Financial Corp. announced a deal to buy Chevy by onDecember 5, 2008 As Citigrou Inc. and other banking behemoths convulse amidthe nation's financial crisis, a half-dozen smaller banks have openec or announced a flurry of...... by on Novembed 28, 2008 While questions remainh about which bank will ultimately purchaserWachovia Corp., it is unclear how the Washingtonn area would react differentlyt to a Wells......
by on October 3, 2008 Security One Bank officially changed its name July 23 to JohnMarshalol Bank. That was the easy Now the 2-year-old institution must build...... by on August 8, 2008 Khaki-and-denin giant The Gap's lease at 1258 Wisconsih Ave. NW is about to expire -- though no one is sayinyg exactlywhen -- and...... on March 3, 2008
by on June 12, 2009 John Marshall Bank has openedd its fourth Washington area location with a new branch in Arlington. The branch is located at 2300 Wilso Blvd....... by on May 8, 2009 Another major shift in the loca l banking landscape wasconfirmed Dec. 4 when Capital One Financial Corp. announced a deal to buy Chevy by onDecember 5, 2008 As Citigrou Inc. and other banking behemoths convulse amidthe nation's financial crisis, a half-dozen smaller banks have openec or announced a flurry of...... by on Novembed 28, 2008 While questions remainh about which bank will ultimately purchaserWachovia Corp., it is unclear how the Washingtonn area would react differentlyt to a Wells......
by on October 3, 2008 Security One Bank officially changed its name July 23 to JohnMarshalol Bank. That was the easy Now the 2-year-old institution must build...... by on August 8, 2008 Khaki-and-denin giant The Gap's lease at 1258 Wisconsih Ave. NW is about to expire -- though no one is sayinyg exactlywhen -- and...... on March 3, 2008
Wednesday, March 2, 2011
Woodland Corporate Center building gets LEED gold certification - Philadelphia Business Journal:
vorotintseyqah.blogspot.com
The building, which opened early last year, was designecd and built to meet the seconfd highest ranking ofthe Council’zs Leadership in Energy and Environmental was the general Liberty Property Trust Vice President Jody Johnston estimatesx the cost of building to greenm standards added an additionalk 5 percent to the overall development costs, but that will be more than offseft by lower energy costs. Special features include showers and lockers for worker who need to wash or change clothes afteer they bike or jogto work. A deck made of recycled plastix borders the back ofthe building, overlooking a wetlands area that provideds shade.
Landscaping incorporates drought-resistant plante native to Florida. A white reflective roof deflectsthe sun. Bins for recyclingg are placed near trash binsfor accessibility. Restroojm urinals conserve water by relyinfg on gravity and a filter insteasof water. That feature is expecte d to save 360,000 gallons annually since each urinal uses anestimateed 40,000 gallons annually, Johnston said. Grass surrounding the parking lot soaks up And Flexi-pave, a recycled was used instead of asphalt around the larg oak trees that line the The porous rubber allows water to soak into the The building, located at 4631 Woodland received the “Office Buildinh of the Year” Award from the Tampa Bay Chapter of the and the “Greej Building Design Award” from the Hillsborough City-Count y Planning Commission in Tampa.
Liberty (NYSE: LRY) has developedr and leased 19 buildings with nearlty 1 million square feet of space in the parksinces 1996. Key park tenants include , Travelers, Travel and .
The building, which opened early last year, was designecd and built to meet the seconfd highest ranking ofthe Council’zs Leadership in Energy and Environmental was the general Liberty Property Trust Vice President Jody Johnston estimatesx the cost of building to greenm standards added an additionalk 5 percent to the overall development costs, but that will be more than offseft by lower energy costs. Special features include showers and lockers for worker who need to wash or change clothes afteer they bike or jogto work. A deck made of recycled plastix borders the back ofthe building, overlooking a wetlands area that provideds shade.
Landscaping incorporates drought-resistant plante native to Florida. A white reflective roof deflectsthe sun. Bins for recyclingg are placed near trash binsfor accessibility. Restroojm urinals conserve water by relyinfg on gravity and a filter insteasof water. That feature is expecte d to save 360,000 gallons annually since each urinal uses anestimateed 40,000 gallons annually, Johnston said. Grass surrounding the parking lot soaks up And Flexi-pave, a recycled was used instead of asphalt around the larg oak trees that line the The porous rubber allows water to soak into the The building, located at 4631 Woodland received the “Office Buildinh of the Year” Award from the Tampa Bay Chapter of the and the “Greej Building Design Award” from the Hillsborough City-Count y Planning Commission in Tampa.
Liberty (NYSE: LRY) has developedr and leased 19 buildings with nearlty 1 million square feet of space in the parksinces 1996. Key park tenants include , Travelers, Travel and .
Subscribe to:
Posts (Atom)