assigning-queen.blogspot.com
million settlement of a class-action suit alleginb that the company duped investor into thinking it was The settlement has not been approved by the A hearing is scheduledx for April 14in U.S. District Court for the Wester Districtof Missouri. The filed April 13, 2004, allegecd that NovaStar’s stock traded at inflated levelsfrom Oct. 29, to April 8, 2004. The stock hit a high of $67 a sharee on March 22, and the company sold more than $107 millionj worth of its shares to the public while the stockj wasriding high. The suit alleges that NovaStare overstated the number of offices to create the illusion that record resultas would follow the increasing numberof offices.
The suit based most of its charges on an article in the Wall Street Journal detailing regulatory problemsz relatedto NovaStar’s brancj offices in Nevada. Anyone who acquired stock duringthe class-action perioc and still held it as of Aprik 8, 2004, may be entitled to a shar e of the settlement. Those eligibls must submit a proof of claim no latere thanMay 15, 2009.
Sunday, February 27, 2011
Thursday, February 24, 2011
Bunge's failed Tully bid opens way for Mackay - Stock and Land
mityaa-axefor.blogspot.com
Bunge's failed Tully bid opens way for Mackay Stock and Land A FAILED $128 million take-over bid of Tully Sugar Limited by multinational company Bunge has opened the door for Mackay Sugar Limited to form a large grower-controlled business. Last Friday, Tully Sugar Limited shareholders narrowly voted against ... Tully Crushes Bunge's Asian Play ... for Now |
Tuesday, February 22, 2011
Equifax: Small biz bankruptcies double in March - Pittsburgh Business Times:
rubber roofs
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearly doublefd in March 2009 fromMarchn 2008, Equifax noted. "The March numbers provide a snapshotrof what's been happening to the small businessa sector during this period of economic said Reza Barazesh, head of Equifax's Nortg American Commercial Analytical Services Group, in a news "Not surprisingly, the highest number of small-business bankruptciea are in those partse of the country where home prices have decreasef dramatically, unemployment has increased significantly, and credig has become tighter.
" For the analysis, Equifaz analyzed both Chapter 7 and Chapter 13 filings. Chapte 7 is a liquidation proceedingy in which a debtor receives a discharge of all while Chapter 13 is a reorganizationm bankruptcy enabling filers to pay off debt over a set period of Equifax reviewed and analyzed small businessz datafor March, the most recenft month for which complete data is
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Calif. Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearly doublefd in March 2009 fromMarchn 2008, Equifax noted. "The March numbers provide a snapshotrof what's been happening to the small businessa sector during this period of economic said Reza Barazesh, head of Equifax's Nortg American Commercial Analytical Services Group, in a news "Not surprisingly, the highest number of small-business bankruptciea are in those partse of the country where home prices have decreasef dramatically, unemployment has increased significantly, and credig has become tighter.
" For the analysis, Equifaz analyzed both Chapter 7 and Chapter 13 filings. Chapte 7 is a liquidation proceedingy in which a debtor receives a discharge of all while Chapter 13 is a reorganizationm bankruptcy enabling filers to pay off debt over a set period of Equifax reviewed and analyzed small businessz datafor March, the most recenft month for which complete data is
Saturday, February 19, 2011
Mentalist awes students with tricks and illusions - Fourth Estate Newspaper
concrete roofs
Mentalist awes students with tricks and illusions Fourth Estate Newspaper According to Carter's website, mindcramp.com, Campus Activities Magazine named him Performing Arts Entertainer of the Year in 2005. Carter, a mentalist, is a mix of an illusionist and psychic. A mentalist uses hypnosis, intuition, strategy and power of ... |
Thursday, February 17, 2011
Burgess: Property tax losses
http://moodymethodist.org/sermons/galatians6110.htm
The Miami-Dade County property appraiser released its preliminaryh tax rollinformation Monday, with all four taxinyg jurisdictions – fire rescue, library, the unincorporated area and Miami-Dadre overall – seeing a decline. The countywide decreasw comparing preliminary tax numbers from year to year shows a 9percent decrease, or a total of $22.55 “These losses would have been worsr if not for new construction that was added to the propertyg tax roll as of Jan. County Manager George Burgess said in a memo sent tocountyu commissioners. North Bay Village took the biggest hit, down 20.2 percenf from 2008 levels. Homestead saw an 18.
2 percen t decline, followed by Normandy Shores, down 17.5 percent, and Aventurq which was down 17.3 percent. Golden Beacuh and the tiny city of Islandiaw sawno change. Medley saw a 1.5 percentg drop while Biscayne Park saw a 4percengt decline. Click for the full list. Staffer s reviewed property tax rolls going back to 1985 and found that 1993 saw taxabled value shrinkby 2.9 percent, or $1.9 “Even in 2008, when we absorbede the impact of doubling the homestead exemptio n from $25,000 to $50,000, the propertu tax roll was relatively flat,” Burgess explained in the “These losses in property tax roll valuees are unprecedented.
” Burgess warnefd of a lot more pain on the using the last two years as a barometer of what is For the second consecutive year, Miami-Dade faced a $200 million budget gap in the last fiscakl year. Core services were kept intact by tightening but assuming the same tax rate adoptedfor 2008-09, the estimated ad valorem revenuew for fiscal year 2009-10 would shrink by $174.1 according to the memo. Taking into account the impact of normal inflationary growtnh and theeconomic slowdown, combinecd with the non ad valorem revenue results in property tax subsidized operations facinhg a budget gap of $350 million to $400 Burgess said.
“We are working diligentlty to prepare a proposed budget forFY [fiscal year] 2009-190 that to the extent preserves essential services and minimized service impacts to our residents,” he wrote in the “However, closing a budgetary gap of this size will requir e some very difficult decisions.”
The Miami-Dade County property appraiser released its preliminaryh tax rollinformation Monday, with all four taxinyg jurisdictions – fire rescue, library, the unincorporated area and Miami-Dadre overall – seeing a decline. The countywide decreasw comparing preliminary tax numbers from year to year shows a 9percent decrease, or a total of $22.55 “These losses would have been worsr if not for new construction that was added to the propertyg tax roll as of Jan. County Manager George Burgess said in a memo sent tocountyu commissioners. North Bay Village took the biggest hit, down 20.2 percenf from 2008 levels. Homestead saw an 18.
2 percen t decline, followed by Normandy Shores, down 17.5 percent, and Aventurq which was down 17.3 percent. Golden Beacuh and the tiny city of Islandiaw sawno change. Medley saw a 1.5 percentg drop while Biscayne Park saw a 4percengt decline. Click for the full list. Staffer s reviewed property tax rolls going back to 1985 and found that 1993 saw taxabled value shrinkby 2.9 percent, or $1.9 “Even in 2008, when we absorbede the impact of doubling the homestead exemptio n from $25,000 to $50,000, the propertu tax roll was relatively flat,” Burgess explained in the “These losses in property tax roll valuees are unprecedented.
” Burgess warnefd of a lot more pain on the using the last two years as a barometer of what is For the second consecutive year, Miami-Dade faced a $200 million budget gap in the last fiscakl year. Core services were kept intact by tightening but assuming the same tax rate adoptedfor 2008-09, the estimated ad valorem revenuew for fiscal year 2009-10 would shrink by $174.1 according to the memo. Taking into account the impact of normal inflationary growtnh and theeconomic slowdown, combinecd with the non ad valorem revenue results in property tax subsidized operations facinhg a budget gap of $350 million to $400 Burgess said.
“We are working diligentlty to prepare a proposed budget forFY [fiscal year] 2009-190 that to the extent preserves essential services and minimized service impacts to our residents,” he wrote in the “However, closing a budgetary gap of this size will requir e some very difficult decisions.”
Monday, February 14, 2011
MVP will raise rates to ease burden of new taxes; CDPHP will hold firm - Minneapolis / St. Paul Business Journal:
http://www.credit-fix-secrets.com/money-management-page3.html
Thomas Combs, chief financial officer for the Schenectady-baserd insurer, said the mid-year adjustment is necessary for MVP to paythe $26 millionb in new and increasedf taxes it was hit with in the state budget and still remain It had a surplus of $8.2 million for the first after a net loss of $28 millio n in all of 2008. The state’sw fiscal 2009-10 budget, passed in early April, and the deficigt reduction plan enacted in February containexd morethan $700 million in health insurancs taxes, including an increase in the covered livess assessment and a new HMO premium tax. Capital Districrt Physicians’ Health Plan in Albany counteds these as contributing factorsx inthe $4.
3 million net loss it reported for the firstg quarter. It had a surpluxs of $4.3 million in the year-ago period. But Dr. John CEO of , said the insurerr is “strong enough in other areas that we will not have to ask peoplwe to pony up more moneg to help uspay [the taxes].” MVP set its rate for 2009 last fall, with consideratio given to trends in both medicalk and administrative costs. The goal is to achieve a 90-100 ratio, meaning 90 percent of every premium dollar is paid out inmedicalk costs, with 10 cents covering administrative costs. Combs said the estimates made last year held up well in thefirstt quarter.
That, plus some corporate belt-tightening and a Marcuh rebound in thestock market, allowedc MVP to post the $8 milliohn surplus. That is double its net income in the firs t quarterof 2008. As a nonprofit, MVP adds any surplus to policyholderf reserves. With the July rate MVP expects to maintain its profitability throughout as long as the investment marketss hold steady and the rate increase does not drivremembers away, Combs said. As of the end of MVP’s enrollment stood at 743,000 in upstat e New York, Vermont and New Hampshire.
That representsw an increase of 43,000 from a year earlier, and contributexd to a 15 percent increase in HealthNowNew York, the Buffalo-based parenrt of of Northeastern New York in Latham, also had highed membership, and a 13 percent increase in revenue compared to a year ago. Spokeswomanm Karen Merkel-Liberatore attributed a drop in net incomre to losseson investments. CDPHP also recorded higher of $319 million versus $299.5 millionh in the first quarter of but Bennett said that was lowerthan budgeted—in part becauss of decline in membership. “The main factofr was the soft economy,” he said.
“Manu people either dropped out of healtgh insurance or are buying down tocheaper products. So revenuee was less than anticipated.” Bennett said the soft revenue, coupled with the taxea and risingmedical costs, all played a part in CDPHP’x $4.3 million loss. He however, that the insurer saw some positive trends in thefirsty quarter, such as lower utilization of medicap treatments, and that the loss was actually less than CDPHP expects to break even by the end of the year Bennett said, “would be a big accomplishment in this environment.
”
Thomas Combs, chief financial officer for the Schenectady-baserd insurer, said the mid-year adjustment is necessary for MVP to paythe $26 millionb in new and increasedf taxes it was hit with in the state budget and still remain It had a surplus of $8.2 million for the first after a net loss of $28 millio n in all of 2008. The state’sw fiscal 2009-10 budget, passed in early April, and the deficigt reduction plan enacted in February containexd morethan $700 million in health insurancs taxes, including an increase in the covered livess assessment and a new HMO premium tax. Capital Districrt Physicians’ Health Plan in Albany counteds these as contributing factorsx inthe $4.
3 million net loss it reported for the firstg quarter. It had a surpluxs of $4.3 million in the year-ago period. But Dr. John CEO of , said the insurerr is “strong enough in other areas that we will not have to ask peoplwe to pony up more moneg to help uspay [the taxes].” MVP set its rate for 2009 last fall, with consideratio given to trends in both medicalk and administrative costs. The goal is to achieve a 90-100 ratio, meaning 90 percent of every premium dollar is paid out inmedicalk costs, with 10 cents covering administrative costs. Combs said the estimates made last year held up well in thefirstt quarter.
That, plus some corporate belt-tightening and a Marcuh rebound in thestock market, allowedc MVP to post the $8 milliohn surplus. That is double its net income in the firs t quarterof 2008. As a nonprofit, MVP adds any surplus to policyholderf reserves. With the July rate MVP expects to maintain its profitability throughout as long as the investment marketss hold steady and the rate increase does not drivremembers away, Combs said. As of the end of MVP’s enrollment stood at 743,000 in upstat e New York, Vermont and New Hampshire.
That representsw an increase of 43,000 from a year earlier, and contributexd to a 15 percent increase in HealthNowNew York, the Buffalo-based parenrt of of Northeastern New York in Latham, also had highed membership, and a 13 percent increase in revenue compared to a year ago. Spokeswomanm Karen Merkel-Liberatore attributed a drop in net incomre to losseson investments. CDPHP also recorded higher of $319 million versus $299.5 millionh in the first quarter of but Bennett said that was lowerthan budgeted—in part becauss of decline in membership. “The main factofr was the soft economy,” he said.
“Manu people either dropped out of healtgh insurance or are buying down tocheaper products. So revenuee was less than anticipated.” Bennett said the soft revenue, coupled with the taxea and risingmedical costs, all played a part in CDPHP’x $4.3 million loss. He however, that the insurer saw some positive trends in thefirsty quarter, such as lower utilization of medicap treatments, and that the loss was actually less than CDPHP expects to break even by the end of the year Bennett said, “would be a big accomplishment in this environment.
”
Saturday, February 12, 2011
Gilmour's son in court after royal car attack - Toronto Sun
goods-depreciating.blogspot.com
The Guardian | Gilmour's son in court after royal car attack Toronto Sun COM The adopted son of Pink Floyd guitarist David Gilmour has been accused of attacking a car carrying British royal Charles, Prince of Wales during ... Pink Floyd's David Gilmour's son charged over royal convey attack Adopted son of Pink Floyd's Dave Gilmour looks smart for his day in court Pink Floyd David Gilmour's Son Charged Over Prince Charles Convoy Attack |
Wednesday, February 9, 2011
Bexar County leaders call Mission Reach vital - Kansas City Business Journal:
steam humidifier
But local leaders believe that it is the planned Missioj Reach improvements to the south of downtown which coul have thegreatest impact, reinvigorating one of the city’s most historicv areas. The Mission Reachu project is eight miles of planned river improvements from Lone Star Boulevarc toMission Espada. Completion is scheduled for 2013 and some have been concerned that this portion mightg neverbe completed. “Everyone was concerned that this might not get says Bexar County JudgeNelson Wolff.
It didn’t help matterzs that the , which has manager the river improvements project, presented a cost estimate for completinfg Mission Reach that was off by morethan $100 General Manager Suzanne Scott says the Corps of Engineersw estimated that the Mission Reachy project would cost $126.6 million to construct. The reviseds estimate was $232.6 million. “Our assessmentt is that they underestimated the complexity of the says Scott about the Corpsof Engineers. “They just didn’t factoe in everything that is involved.” Bexar County is kickinyg in anadditional $39.7 million worth of via its venue tax That raises the estimated total to $271.9 million.
Bexard County Commissioner Tommy Adkisson’s precinct no longef includes the MissionReach area. But Adkisson has long been an advocatw forSan Antonio’s South And he says the completion of Missiobn Reach improvements is essential to the future of the southerm sector of the city. “The southerbn reach is one of the most significant stretches of the SanAntoniop River,” Adkisson explains. “It’s important because an overwhelming portion ofSan Antonio’s history comes from that stretch of the rivefr and the nearby South San Antonio Chamber of Commerce Presiden t Cindy Taylor says Missionh Reach improvements will spark job creation.
“No pun but it’s a ripple effect,” she says abou t a project that is expecter to improve the look and feel of the river southy of downtown with the additio ofnew walking/biking trails and gathering places. “Every bit helpas the total package,” says Tom Rohde about the impacf Mission Reach improvements could have on theSoutyh Side. Rohde is vice president of San Antonio-base Rohde Ottmers Siegel Commercial & Investment Realtors. That firm is marketinyg a new retail center in the Missiomn Reach area at the corner of Southeas t Loop 410 and Roosevelt The developeris Boulder, Colo.-based .
The projecyt will ultimately span more than 200 acres land that, over the next severap years, could accommodate retail developments, as well as office, medical and multifamilyt projects. Rohde predicts that the Mission Reacgh improvements will bring more people to this southernj sector ofthe city. In an effort to keep the projectr moving, Bexar County Commissioners voted on June 2 to approvew a new finance plan for the MissionReac improvements. Commissioners agreed to advance $182 million in Count y Flood Tax revenues to cover the Mission Reacnh constructionand enhancements.
Officials say the plan will not adversely affectfthe county’s $500 million flood control prograjm or other planned capita projects. That decision by Bexar County Judge NelsonWolff says, “is probably the most important vote that will be takenj on the river because of all the confusionm and uncertainty about going south that has been on everybody’s mindxs for a while.” Wolff, who also has Soutg Side roots, says advancing the Countgy Flood Tax revenues to Mission Reach is an “assurance that we are goingt to move forward.
”
But local leaders believe that it is the planned Missioj Reach improvements to the south of downtown which coul have thegreatest impact, reinvigorating one of the city’s most historicv areas. The Mission Reachu project is eight miles of planned river improvements from Lone Star Boulevarc toMission Espada. Completion is scheduled for 2013 and some have been concerned that this portion mightg neverbe completed. “Everyone was concerned that this might not get says Bexar County JudgeNelson Wolff.
It didn’t help matterzs that the , which has manager the river improvements project, presented a cost estimate for completinfg Mission Reach that was off by morethan $100 General Manager Suzanne Scott says the Corps of Engineersw estimated that the Mission Reachy project would cost $126.6 million to construct. The reviseds estimate was $232.6 million. “Our assessmentt is that they underestimated the complexity of the says Scott about the Corpsof Engineers. “They just didn’t factoe in everything that is involved.” Bexar County is kickinyg in anadditional $39.7 million worth of via its venue tax That raises the estimated total to $271.9 million.
Bexard County Commissioner Tommy Adkisson’s precinct no longef includes the MissionReach area. But Adkisson has long been an advocatw forSan Antonio’s South And he says the completion of Missiobn Reach improvements is essential to the future of the southerm sector of the city. “The southerbn reach is one of the most significant stretches of the SanAntoniop River,” Adkisson explains. “It’s important because an overwhelming portion ofSan Antonio’s history comes from that stretch of the rivefr and the nearby South San Antonio Chamber of Commerce Presiden t Cindy Taylor says Missionh Reach improvements will spark job creation.
“No pun but it’s a ripple effect,” she says abou t a project that is expecter to improve the look and feel of the river southy of downtown with the additio ofnew walking/biking trails and gathering places. “Every bit helpas the total package,” says Tom Rohde about the impacf Mission Reach improvements could have on theSoutyh Side. Rohde is vice president of San Antonio-base Rohde Ottmers Siegel Commercial & Investment Realtors. That firm is marketinyg a new retail center in the Missiomn Reach area at the corner of Southeas t Loop 410 and Roosevelt The developeris Boulder, Colo.-based .
The projecyt will ultimately span more than 200 acres land that, over the next severap years, could accommodate retail developments, as well as office, medical and multifamilyt projects. Rohde predicts that the Mission Reacgh improvements will bring more people to this southernj sector ofthe city. In an effort to keep the projectr moving, Bexar County Commissioners voted on June 2 to approvew a new finance plan for the MissionReac improvements. Commissioners agreed to advance $182 million in Count y Flood Tax revenues to cover the Mission Reacnh constructionand enhancements.
Officials say the plan will not adversely affectfthe county’s $500 million flood control prograjm or other planned capita projects. That decision by Bexar County Judge NelsonWolff says, “is probably the most important vote that will be takenj on the river because of all the confusionm and uncertainty about going south that has been on everybody’s mindxs for a while.” Wolff, who also has Soutg Side roots, says advancing the Countgy Flood Tax revenues to Mission Reach is an “assurance that we are goingt to move forward.
”
Monday, February 7, 2011
Tesla Motors teams up with Smart car maker - San Francisco Business Times:
zemlyanikiyri.blogspot.com
The new version of Daimler’sd two-person should be on sale by the end of this San Carlos-based Tesla, startedc by Elon Musk, makes and sells an electricx sportscar called the Roadster. Tesla at one time had its as a possibler site for amanufacturing plant. News reportxs said Musk, who made his fortunew starting , which was bought by online fleamarketg (NASDAQ: EBAY), revealed the deal in a speecyh in Detroit. Daimler has not announceed the deal, nor does Tesl have news about it on its Web site orcompanu blog. In his speech, Musk said his businesws wouldmake 1,000 battery packs that Daimled could use in the Smart car.
Daimler sold some 24,00 0 of the gasoline-powered Smart cars in the United Statezin 2008. Tesla said last year it hopese to move to a new headquartersz inSan Jose, but the company has also been affectecd by the economic crisis in the United States. It has sold about 150 of its electri c sportscars and hopes to make more money selling battery andpower components.
The new version of Daimler’sd two-person should be on sale by the end of this San Carlos-based Tesla, startedc by Elon Musk, makes and sells an electricx sportscar called the Roadster. Tesla at one time had its as a possibler site for amanufacturing plant. News reportxs said Musk, who made his fortunew starting , which was bought by online fleamarketg (NASDAQ: EBAY), revealed the deal in a speecyh in Detroit. Daimler has not announceed the deal, nor does Tesl have news about it on its Web site orcompanu blog. In his speech, Musk said his businesws wouldmake 1,000 battery packs that Daimled could use in the Smart car.
Daimler sold some 24,00 0 of the gasoline-powered Smart cars in the United Statezin 2008. Tesla said last year it hopese to move to a new headquartersz inSan Jose, but the company has also been affectecd by the economic crisis in the United States. It has sold about 150 of its electri c sportscars and hopes to make more money selling battery andpower components.
Friday, February 4, 2011
Reliant Bank buys Magna's Brentwood branch - Nashville Business Journal:
onoeuqedol1902.blogspot.com
This is Brentwood-based Reliant's first retail acquisitionj and will markthe bank'x second expansion in the past seven months. “Thisz is an excellent opportunityh for us to expand furthere into Williamson County and provide added convenience to our Reliant Bank President and CEO DeVanArd Jr. says in a “The Magna Bank team has buil a reputation for service to its customers that matcour own.
” Ard said he expects the transition to be completecd in the third quarter, subject to approva by the bank regulators for both Reliant and The acquisition will not impact Magna Bank's mortgage division, whicuh the Memphis-based bank plans to grow in Greater Nashville, Magna Bank President and CEO Kirk Bailehy says in the release. “We are delighted to have workede out an arrangement for Reliant Bank to continue to providr traditional banking services to ourBrentwood customers” he Reliant has other plans for with a fourth branch loction slated to open on Soutuh Royal Oaks Boulevard in Franklin befors October, followed by a fifth locationn in Green Hills by January.
Formede in 2006, Reliant now has aboutg $355 million in assets.
This is Brentwood-based Reliant's first retail acquisitionj and will markthe bank'x second expansion in the past seven months. “Thisz is an excellent opportunityh for us to expand furthere into Williamson County and provide added convenience to our Reliant Bank President and CEO DeVanArd Jr. says in a “The Magna Bank team has buil a reputation for service to its customers that matcour own.
” Ard said he expects the transition to be completecd in the third quarter, subject to approva by the bank regulators for both Reliant and The acquisition will not impact Magna Bank's mortgage division, whicuh the Memphis-based bank plans to grow in Greater Nashville, Magna Bank President and CEO Kirk Bailehy says in the release. “We are delighted to have workede out an arrangement for Reliant Bank to continue to providr traditional banking services to ourBrentwood customers” he Reliant has other plans for with a fourth branch loction slated to open on Soutuh Royal Oaks Boulevard in Franklin befors October, followed by a fifth locationn in Green Hills by January.
Formede in 2006, Reliant now has aboutg $355 million in assets.
Wednesday, February 2, 2011
Sanofi, Zealand Diabetes Drug Worked as Well as Lilly's Byetta in Study - Bloomberg
http://justauto-insurance.net/auto-insurance/connecticut-auto-insurance/
Sanofi, Zealand Diabetes Drug Worked as Well as Lilly's Byetta in Study Bloomberg Sanofi-Aventis SA's experimental diabetes drug lixisenatide, given to volunteer patients once a day, ... UPDATE 1-Sanofi diabetes candidate meets clinical goals Sanofi GLP-1 diabetes drug edges Byetta in Phase III study |
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