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Saturday, March 31, 2012
Thursday, March 29, 2012
BofA
According to Dow Jones Reps. Edolphus Towns (D-N.Y.) and Dennis Kucinich have asked Lewis to appear Thursday before the House Committee on Oversighr andGovernment Reform. Towns and Kucinich have been investigatingt BofA’s acquisition of Merrill and the government’z decision to give the Charlotte-based bank billions of dollarx intaxpayer aid. According to the news they want to know when BofA founr outabout Merrill’s weakened financial situation and how the role the federa l government played in BofA’sa decision to complete the Lawmakers also want to know what BofA has done with the federap aid it has received.
A BofA spokesman told Dow Joneas the bank will respond to thecommitteee shortly. BofA bought the Merrillk on Jan. 1 for $29.1 billion. The deal resultecd in BofA’s receiving an additional $20 billion in federal funds under the Troubled AssetRelieff Program. BofA has received a totakl of $45 billion in TARP funds. In February, Lewis testified under oath before New York Attorney General Andreww Cuomo that Federal Reserve Chairman Ben Bernankdand then-Treasury Secretary Henry Paulson pressured the bank not to discusxs its increasingly troubled plan to buy Merrill. Lewis said he believed Paulson and Bernanke were instructin him to keep silentabourt Merrill’s financial problems.
Merrill lost $15.3 billioh in the fourth quarter. Lewis has been undefr intense pressure from BofA shareholderd for not disclosing the depthof Merrill’s financia l difficulties before the merger. His testimony was part of an investigatio launched by Cuomo intothe $3.6 billion in bonusee Merrill paid out in Cuomo has contended BofA (NYSE:BAC) was awarr of Merrill’s decision to award bonuses before the company’sz fourth-quarter losses were announced. The bank has said Merrillk was an independent business when the bonuseswwere approved. North Carolina’ws attorney general and the Securities and Exchangd Commission are also investigatingthe matter.
Tuesday, March 27, 2012
Maintain status quo at Adarsh building: HC - Indian Express
Indian Express | Maintain status quo at Adarsh building: HC Indian Express The Bombay High Court today directed for status quo to be maintained at the scam-hit Adarsh Society building in south Mumbai pending hearing on the latest petition filed by Defence Ministry. A division bench of Justices PB Majmudar and RD Dhanuka was ... |
Sunday, March 25, 2012
Home inventory drops to 8-month supply - Orlando Business Journal:
Association members sold 2,131 homes last monty in the Orlando metropolitanmstatistical area, and the sales growth has helpecd pare down area inventory supply to single digita for the first time this year. June’es inventory had 17,831 homes available through the MultiplesListing Service, which reflects an 8.4-monty supply at the current sales In January, the Orlando MSA had an inventory leveo that reflected a 23.6-month supply and it has steadily decreased since. A market with six montha of supply is considered by housing economists to be balanceds between buyersand sellers, the associatiobn reported.
Inventory is down by 1,292 homes from May meaning 1,292 more homes left the market than enteresthe market. However, low prices have primarily driven the increase in as nearly 46 percent of the homexs wereeither bank-owned or distressed propertg sales. Orlando’s median home price in June was a 39 percent decrease when comparec withJune 2008, but a slight increasee when compared with May 2009. Homeds in the Orlando area spentg an average of 104 days on the market before being sold inJune 2009, and the averager home sold for 93.8 percent of its listinv price.
About 184 single-family homes sold in the $200,000-$250,000 while 10 homes sold for $1 million or more and 118 homezs sold for lessthan $50,000. All agents in the Orlando MSA Lake, Orange, Osceola and Seminole counties — sold 2,774 existing homezs in June, a 56.9 percen t jump when compared withthe 1,768 homews sold in June 2008. To date, MSA salesw are up 53.8 percent over this time last with 12,863 sold last month and 8,363 sold in the same monthg a year prior. Along with stronger sales, 7,23 0 homes were awaiting closings, more than double the 3,329 that were pendingh at this timelast year.
Orland o condo market resales, meanwhile, went from 136 sold in June 2008 to 394 saleaslast month. To date, 1,78q condos sold this year, a huge spiker from the 691 postex at this timein 2008. There 176 cond units that sold for upto $50,000, whil 61 sold in the $50,000-$60,000 range and 11 sold for more than Duplex, townhome and villa resalexs also jumped nearly 32.8 percent, from 131 in June 2008 to 174 last
Friday, March 23, 2012
European clubs' lobbying pays off at UEFA Congress - SI.com
Daily Mail | European clubs' lobbying pays off at UEFA Congress SI.com ISTANBUL (AP) -European footb » |
Wednesday, March 21, 2012
Polsinelli Shughart law firm moving to LoDo - Pittsburgh Business Times:
The firm confirmed Friday that its loca office is relocating to the newlgy built 1515 Wynkoop office buildintg on Wynkoop Street in Lower Downtown TheKansas City-based firm’s Denver brancyh currently is located in downtown’s Independence Plazw at 1050 17th St. The firm’s Denver office has leased roughlyu 38,000 square feet of space at its new with an optionto grow. The move is planned for Septembetr 2009.
“We are please d to relocate our attorneys and staff to a part of downtownn that represents the growth and vitalitof Denver, enabling the expansiohn of our firm’s practice and presence Steve Long, founder and managingh partner of Polsinelli Shughart’s Denver office, said in a statemenft Friday. “We are committed to remaininfg indowntown Denver, as it allows us to be immersed in the business and civic and provides our attorneys with a vibran place to work,” Long The firm said that its new space is expectedc to qualify for LEED (Leadership in Energy and Environmentao Design) certification for energy savings and environmentally friendl features, based on its use of sustainable materialsw and energy-efficient lighting, heating, cooling and office equipment.
LEED is the U.S. Greejn Building Council’s designation for energy-efficient, sustainable Polsinelli Shughart was created in February by the mergefr of Kansas City law firms Shughar tThomson & Kilroy PC and Polsinelli Shalton Flanigann Suelthaus PC. The leases of several major law either based in metro Denver or with local are expiringthis year. While some firmw are renewing leases wherre theyalready are, others are relocating. LLP, Colorado’s largestf law firm, plans to move its southeast suburban office in August tothe transit-oriented, Village Center Station project now under The branch currently is located at 8390 E. Crescent Parkwayu in the DenverTech Center.
Hollanx & Hart’s headquarters office remainw at 555 17th Street indowntown Denver. Earlie this year, LLP relocated to the new 1400 Wewattaq office building in LoDo from OneTabor Meanwhile, LLC recently renewed its 56,000-square-foot leasde on the top three floors of One Tabofr Center for 11 more years. The law firm was the firsty tenant to commit tothe building, which opened in 1985. Denver’s 1515 Wynkoopp building, developed by Houston-based Hinesw Interests LP, broke ground in 2007. The eight-story office building with retail spacse was completedthis spring.
Other tenants in the new building, which is pre-certified for LEED Silvefr designation, include the Van Gilder Insurance Corp.’s headquarters.
Sunday, March 18, 2012
Study: Sugary drinks increase heart disease risk in men - Amarillo.com
Study: Sugary drinks increase heart disease risk in men Amarillo.com The American Heart Association last week released results of a 22-year study linking sugar-sweetened drinks to an increased risk of heart disease in men. The heart association reported men who drank a 12-ounce, sugar-sweetened beverage daily had a 20 ... |
Friday, March 16, 2012
Defense contractor expands due to DOD biz - Atlanta Business Chronicle:
The Norcross-based company will launch a 34,000-square-foot expansiojn later this year at its headquarters at 660 Engineering Drived inTechnology Park. The expansion supports growthh inthe company's Defense and Space Systems Division, whichj is adding at least 50 additional staffers in 2008 -- in additionj to 120 companywide it brought on boarde in 2007. Just like its wireless communications counterpartsw on theground -- whicnh have been growing -- EMS is expanding communications in the EMS Technologies (Nasdaq: recently won a $13 millionm contract from (NYSE: NOC) to provide an extremelt high-frequency satellite communications system for the Air Force's B-2 stealth The technology enables the bomber to send and receives battlefield information up to 100 timexs faster than its current ultra-high-frequency satellit communications system.
"We're what we call communications onthe move, but not in a traditionalk sense," said Paul Domorski, president and CEO of EMS Technologies. "Thess are rugged systems placed onstealtn fighters, ready for use in harsn environments." But EMS isn't just a militarhy contractor. (Nasdaq: JBLU), uses EMS antenna systems so customers on its passenger jets can get satellitre TV servicethrough DIRECTV. "And our technology can also help you use your BlackBerryu and cell phone in the Domorski said. EMS also makes productds for on-the-ground communications.
"We're the reasom you can have that shark-fin-like antenna on your car instead ofthe older, taller antenna that used to be EMS' growing defense business is a key drive r behind the need for additional space. The division has a record $74 million backlog in orders, and almost doubled its operating profitin 2007. The two largee areas of this spaceand communications-on-the-move, are experiencing double-digift percentage growth year-over-year. In 2008, the Defense and Space Systems Division will hire48 people, mostlu engineers, to support the growth of that In recent months, the company has boostede its workforce.
It's also dipping into the locak collegiate poolfor up-and-coming including graduates from , and . EMS brought on board more engineerx and businessdevelopment staff, along with more test and procesds technicians, and assemblers, to keep pace with its increasingt manufacturing requirements, said David Smith, vice president and generao manager of the division. For now, EMS is addingg temporary office space near its headquarters untilp the expansionis complete. The company will be selecting a generao contractor forthe 34,000-square-foot expansiomn in the next 60 days.
is scouting for at leasft 50,000 square feet in metro Atlanta, accordint to brokers and others familiae withthe company's search. which houses its U.S. administrative headquarters and major research and developmenyt wing at One Technology South in is said to be considering the CentralPerimete submarket. But an ADVA spokeswoman said the Munich-basee company has not focused on that submarket and is only reviewintgits options. It could renew its lease or relocate. ADVA'se 58,000-square-foot lease at One Technology South expiresxin March, the company said. ADVA sells its fiber-opticc products primarily to telephonre carriers and other communications service accordingto Hoover's.
Wednesday, March 14, 2012
Recent murder-suicides a 'wakeup call' - WJXT Jacksonville
Recent murder-suicides a 'wakeup call' WJXT Jacksonville Northeast Florida residents also grieved when Jacksonville police said a fired teacher shot and killed Episcopal School of Jacksonville's head of school, Dale Regan, in her office before killing himself. And just last week, Clay County deputies said ... |
Monday, March 12, 2012
GM Tonawanda takes 5-week recess - Business First of Buffalo:
About 500 factory workers and 140 salaried personnel are affectex bythe five-week shutdown. said in May that productionj would be stopped for thred weeks at the local facility as the automaker reducews inventory by temporarily idling a numbetr ofits plants. That period is being combinedx with theregular two-week planned companywide shutdown that startds on June 29. Spokeswoman Nina Price said that a smalk workforceof “maybe 100” is staying on the job duringg much of the plant’s three-week shutdown. No schedule change at the localk plant has been ordered at this time because of an extensionh of the temporary summertime closures at sevebGM factories, she said.
Thes e locations include the Oshawa, Ont., car plant, and other assemblyt plants at Lordstown, Ohio, Shreveport, La., and Orionn Township - which receive engines from Tonawanda. The latest round of closureas was announced this week and range from one added week at the Oshawa factory to four additional weeks at the Lansingt Grand River plantin Michigan. Most of the locations will go down for three added weeksin July.
Saturday, March 10, 2012
Daylight Savings Time Invented By George Vernon Hudson, 19th-Century ... - Huffington Post
Daylight Savings Time Invented By George Vernon Hudson, 19th-Century ... Huffington Post Don't know much about the origins of daylight saving time? Maybe it's time to learn about the semi-annual time shift, which goes into effect on Sunday across most of the US and in 69 other countries around the world. Benjamin Franklin is sometimes ... |
Thursday, March 8, 2012
Fla. confirms first swine flu death - Orlando Business Journal:
The laboratory confirmation ofthe boy's deatn is the first in the state for the strain of swin e flu, the Florida Departmentf of Health said. Floridz has 417 confirmed caseas ofthe flu. Surgeon General Dr. Ana Viamontw Ros said in a statement, "While most cases of H1N1 swined fluare mild, there are exceptions like this tragic Nationally, the CDC is reporting 45 deaths associated with swine flu, and as the flu progressez that number will unfortunately The department has a surveillance system involving physicians to track the flu and also is monitoringf emergency rooms cases and over-the-counter drug sales. The department'se four labs can all test for the flu.
has placede the alert level for the flu at the pandemic meaning it has widespreadglobalp circulation. Wash hands frequently and avoid touchingyyour eyes, nose and mouth. Avoid closw contact with people who are coughiny or otherwiseappear ill. Stay home from work or schoo l if you have arespiratory illness. Anyonse who thinks he or she has influenzwa should calltheir doctor. Meghanj Lehner, an attorney with in West Palm Beach, said in May that employersd are prohibited by the from exposinv employees to hazardous conditions and may be required to send infecte employees home or risk sanctionws forOSHA violations.
OSHA has posted frequentlu asked questions on pandemic influenza preparedness and response guidancs for health care workers and health care employerwat http://www.osha.gov/Publications/influenza_pandemic.html
Tuesday, March 6, 2012
Wachovia report: Florida hit harder by recession - Minneapolis / St. Paul Business Journal:
Florida went into the recession nine months ahead of the rest of theUnitexd States, and excesses in housing and commercial real estates are considerably worse than the nation as a the report says. Statewide, the median salesd price of existing homes is down aboutf 45 percent from the peak of the housingb boom inNovember 2005, but the drop in the Tampa Bay area is even steeper at about 60 percent. Employment conditions continuedto deteriorate, the report says.
The state’sx unemployment rate is expected to top out around 11 Wachovia projects, with a loss of 720,000 including 430,000 jobs lost this reported 137 layoff events during the firsg quarter, more than double the previous Job losses are heaviest in industriesz with direct ties to the building boom, including construction and manufacturing, Wachovia said. Wachovia estimates Floridianxs saw a net lossof $1.2 trillion in householsd wealth during 2008 with about two-thirds of that drop occurringt in financial assets.
Sunday, March 4, 2012
Reti intelligenti o smart grids: la soluzione per la rete elettrica - Agora Magazine
Agora Magazine | Reti intelligenti o smart grids: la soluzione per la rete elettrica Agora Magazine ... in prospettiva, elevati flussi di energia perverranno, sia dagli impianti eolici off-shore che si stanno moltiplicando nel Mar del Nord (40 milioni di Kw), sia dall'energia del progetto Desertic in Africa settentrionale: 100 milioni di Kw, ... |
Friday, March 2, 2012
Colliers adds to Nashville management team - Dallas Business Journal:
“Creighton brings more than 12 years of experiencde in the commercial real estate industrgyto Colliers,” says Doug Brandon, managingy principal for Colliers' Nashville “We are thrilled to have him on our team.” Wright’s responsibilitiee will include the management of large institutionally owned health and medical facilities, as well as the growthu of the business line. Until March of this year, Wrighgt was vice president of mixed-use development for Southernb Land Co., where he was responsible for the development of selec realestate projects. Southern Land underwent a shift in executive team makeupo earlierthis year.
The Franklin-based development companyh announced the appointments of Brian Sewell as president and Chriz Bove as CEO inearly February. Southern Land is the developer of the Williamsob County residentialprojects Westhaven, LaurelBrooked and McEwen. The company also has projectsd inthe Dallas/Fort Houston and Austin, Texas, markets.