Monday, November 28, 2011

Stop & Shop Alerts Customers to Voluntary Recall of Knorr Kosher Soup Mix - Chicken Vegetable Flavor with Pasta

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June 19 /PRNewswire/ -- The Stop Shop Supermarket Company, following a recall by Unilevetr United States announced it removed from sale Knorrd Kosher SoupMix - Chicken Vegetable Flavor with Pasta (imported from Israel) packed in a 2.18 oz pouch. The producr may contain egg, an undeclared allergen. The producft has UPC# 48000170660 and is packagede ina 2.18 oz. bag/poucgh To date, Stop & Shop has received no reports of illnesseas associated with consumption of this Customers who have purchased the producy should discard any unused portions or bringb their purchase receipt toStop & Shop for a full Consumers looking for additional information on the recall may call Unilever'ws 24 hour information line at (877) 270-7412.
A consumed services representative is availablefrom 8:30 a.m. through 6 p.m. In additioh customers may callStop & Shop Customee Service at (800) 767-7772 Monday through Friday from 9 a.m. to 5 p.m. for more Customers can also visit theStop & Shop websits at . The Stop & Shop Supermarket Company, based in Quincy, employs more than 59,000 associates and operateds 389 storesthroughout Massachusetts, Rhode Island, Maine, New Hampshire, New York and New

Saturday, November 26, 2011

Fla. retains No. 3 foreclosure ranking - South Florida Business Journal:

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Between January and June, Florida had 268,064 foreclosurer filings. Florida also ranked second in the natio for the number of total foreclosures in the firsgt half ofthis year, with activity increasing 7 percent from the previou s six months and up nearly 42 percenft from the first half of last year. In Southh Florida, Miami-Dade County rankesd seventh inthe state, realizing 34,442 foreclosuree filings, or one in everg 28 homes, by mid-year. Broward County rankeds fourth, with 36,654 filings, or one in everuy 22 homes. Palm Beach County fared ranking 45th inthe state, with 14,30w filings, or one in every 45 Nationwide, RealtyTrac found there were 1.
9 millionb foreclosure filings reported on 1.5 million propertiews in the first six months of the a 9 percent increase in total properties compared to the previous six months and nearluy a 15 percent increase when compared to the firsr six months of last year. In June foreclosure filings were reportedon 336,173 homee nationwide. That’s the fourth straight monthly tota lexceeding 300,000, according to the Calif.-based foreclosure listing service. Florida rankefd fourth in the nation in the number of foreclosures in with 52,899 filings. Miami-Dade County had 5,881 of those filings, down 24 perceny from May, but up 11 percent compared with the same montulast year.
Broward County had 6,378 filings, down 43.6 percent from the previouz month, but up 1.37 percent from the same year-agko period. Palm Beach County had 3,194 filings, down 15.55 percent from May, but up 15.6 percenty from June 2008. “In spite of the industrywide moratorium earlie rthis year, along with local, state and national legislative action and increased levels of loan modificationh activity, foreclosure activity continues to increase to record levels,” said Jamees J. Saccacio, RealtyTrac CEO.
“Unemployment relatedc foreclosures account for much of thisincreased activity, and the high numbefr of borrowers who find themselved owing more than their homes’ are now worth represeng a potentially significant future On Wednesday, and reported that the numbert of homeowners delinquent on mortgagexs had climbed 6.5 percent in April. The number of mortgagez owned or guaranteed byFannie (NYSE: FNM) and Freddie (NYSE: FRE) at least 60 days delinquentr rose from 1.1 million in March to 1.17 millionh in April. Total delinquencies reached 3.87 percent of all Fanniew and Freddie mortgagesin April, with 10.33 percenty of nonprime mortgages at least 60 days late.

Thursday, November 24, 2011

GOP Hopefuls Draw Sharp Divisions on Foreign Policy at Debate - PBS NewsHour

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Sydney Morning Herald


GOP Hopefuls Draw Sharp Divisions on Foreign Policy at Debate

PBS NewsHour


The sharp divisions among the Republican hopefuls were clearly on display at last night's encounter, broadcast on CNN. The field's freshly-minted leader in the polls, former Speaker of the House Newt Gingrich, was asked, if he was p resident, ...


Foreign policy debate exposes divisions among Republican candidates

Monsters and Critics.com


The GOP debate 6 takeaways

Politico


More on Immigration and Amnesty

National Review Online (blog)


Bloomberg


 »

Tuesday, November 22, 2011

AMAs Worst Fashion: Christina Aguilera's Bandage Dress And Other Catastrophes - The FABlife

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The FABlife


AMAs Worst Fashion: Christina Aguilera's Bandage Dress And Other Catastrophes

The FABlife


While some of the stars brought their A fashion game to the AMAs last night, we're convinced that a few others let their stylists leave for Thanksgiving break early. Surely a professional would prevent Kelly Clarkson and Christina Aguiler a from ...



and more »

Sunday, November 20, 2011

User's guide to Intercounty Connector - Washington Post

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User's guide to Intercounty Connector

Washington Post


While some of them scoff at the potential usefulness of the Intercounty Connector, others are writing in to make sure they know the exact hour of the new segment's scheduled opening. This driver's guide addresses basic questions about traveling the ...



and more »

Friday, November 18, 2011

Firm started by ex-49ers Montana, Lott in workout with Silicon Valley Bank - San Francisco Business Times:

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million owed to it by a privatelhy held investment firm started by formerf 49ers starsJoe Montana, Ronnie Lott and Harrixs Barton named . The Santa Clara-based holding compant for (NASDAQ: SIVB) said in a governmen t filing that it has proposed an arrangementwith Woodside-basede HRJ in which the bank wouldr provide management services to and form a limitedf partnership with the SVB said it would get managemenr fees from the arrangement which would repay part of the HRJ would be allowed access to a working capital loan for ongoin g operations for a limited time.
A privatd equity newsletter published by PE WeekWire, reported that the firm ran into troubl on a bridge loan with SVB while trying to raise $250 The report said HRJ was only able to raise betwee n $110 million and $130 million. HRJ was originallty Champion Ventures when Lott and Barton founded it in 1999 and changed its name after Montanza joinedthe firm. Montana left HRJ in 2006.

Tuesday, November 15, 2011

First tenants at Grandview Yard unveiled - New Mexico Business Weekly:

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Plans filed with the city July 7 show developer Nationwide RealtyInvestors Ltd. wants to buil the first $40 million worthj of projects as it continues planning forthe broader, $500 million to $600 million redevelopment on 90 acres in the suburb’xs industrial core. The city’s planning commission will consider the HyattPlace hotel, Urbabn Active fitness center and a plannex Jason’s Deli in the office buildinhg as conditional uses. The preliminary and final development plan must go througnh the commission as well as Grandvie HeightsCity Council.
Dublin-based M&A Architects, the designer of the three-story officw building, plans to occupy at least 20,000 square feet on the top floor. The plans mark the firstr projects presented to the city for approval sinced Nationwide Realty first began acquiring the former Big BearStoresw Co. distribution complex and surrounding properties inMay 2006. In conjunction with the real estated projects, Grandview Heights City Council at its July 6 meetin heard a first reading of a development agreement between the city andNationwid Realty.
The resolution outlines how the city will payfor $78 millio n in road improvements and utilities inside Grandview Yard and another $41 millio in off-site public improvements. Other legislation in support of the developmenrt agreement is expected to be introduced as earl y as a special July 13councip meeting. Construction on the three buildings and the first phase of road and utility projects coul d begin as early aslate August. The hotel and fitness centerr should open infall 2010, said Nationwide Realtyt President Brian Ellis. “We should be pretthy well positioned to get theprojecyt going,” he said.
The city’s mayor welcomed the sign of progrese despite the tougheconomic “Getting something out of the ground,” Mayor Ray DeGraew said, “will attract attention and more

Sunday, November 13, 2011

Nixon, Quinn push Biden, LaHood for high-speed rail - Charlotte Business Journal:

http://thecitysgate.net/opportunities.htm
In April, Nixon and Quinn, along with six othee Midwestern governors, to LaHood askin him to support plans for rail corridorzs between cities intheirt states, including St. Louiws to Chicago and St. Louis to Kansas City. Illinoie has completed an environmental impact statemengt forthe Chicago-St. Louis “Missouri and our partner stateas in the already have a competitive advantagwe because we have been working on this rail initiative for more than a Nixon said in a statement afterthe “I reiterated our strong position to Vice Presidenrt Biden today while we discussec the viability of high speed rail corridors.
” The White House and the have said they wouls from the American Recovery and Reinvestment Act, and $1 billion a year for five yeard as a down paymenrt to develop a passenger rail system. The other governorws at the meeting were Jim Doyleof Wisconsin, Jennifer Granhol of Michigan, Tim Kain of Virginia, Deval Patrick of Massachusetts, Sonny Perdue of Georgia and Ed Rendell of

Friday, November 11, 2011

Credit union balance sheets turn red for

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Credit union balance sheets have been especially hard hit in theSacramentop area, where the housing market and the economh started running into problems as early as fall 2007. As a result, most nonprofit financialk cooperatives posted losses forfiscal 2008. Even some of the rare ones that postex a profit last year have since been told they have to pay a highe r depositinsurance assessment, which can be factored into eithetr the 2008 or 2009 books. The was one of the few crediy unions to post a profit in with $21.6 million in earnings. But at the end of it was assessed anadditional $44 million in deposit insurancr premiums by the .
The Golden 1 choses to put that assessment intolast year’ws earnings, bringing its 2008 performance to a $22 milliojn loss, said Terry Halleck, president of The Golden 1. Like all creditt unions locally, Golden 1 pumped additional money into its provisiomn for loan lossesin 2008, and it will continue to do so this she said. “As the economy continues to worsen, we will continue to reserve,” Hallecl said. “I don’t thinkj we’re done yet.” In addition to the specialk assessment announced at the endof January, the regulatord is also calling for another assessmeny from credit unions in the wake of continued turmoil in the credity markets.
The NCUA last weekend seized two corporatewcredit unions, which are investment vehicles for regular consumeer credit unions. The NCUA is now operating the U.S. Central Federal Credit Union in Kansaw and the Western Corporate Federal Credit Uniom inSan Dimas. The corporats credit unions handle things suchas large-scale investments and checkl processing, as well as debir and credit card processing. All of those functionw continue, but now with a regulator in “The insured deposits in your credit uniom are still safe and insured to It is business as usual now for the corporatd credit unions and it is business as usual for the credit uniobn out onthe street,” said Henry vice president of publicd affairs with the California Credit Union League, a tradse group in Southern California.
But the change has a cost to credit unions. Between the two assessments and a fee for recapitalizint theinsurance fund, credit unions will end up payinh out — or writing down — almost 1 percent of deposits. “This is not tax dollars. Credif unions have self-funded this insurance system, and they are not now seeking aid,” Kertman said. The business of the corporatw credit unionsis uninterrupted, and 100 percent of deposits held in it are said Jim Jordan, president and chief executive of in Sacramento.
He was on the boarr of Western Corporate until the boared was dissolved and management let go last week by the The corporate credit unions take deposits from credit unions and invest thoseinto U.S. Treasuruy Bonds and other Triple-A rated investments, whicgh could have been anything from governmen t bondsto mortgage-backed securities. The corporate credit unions also have to use the new rulee to value their investments with fairvalude accounting, called mark-to-market. Since the bond and investment markete arenot functioning, the current value of the investmentse is dramatically lower than what had been theird face value.
When the regulator looked at the value, it considere the portfolio to be impairesd and took it Schools Financial, meanwhile, is fine. The credit union pumped more than threde times as much money into its provision for loan lossesw in 2008 as it didin 2007, and it will put even more in this Jordan said. “If you over-funf the reserve, you get it back over But you are supposed to reserve for what you anticipat e your lossesto be,” Jordann said. “And it has been a real tough year forour We’ve been in terrible economic recession here for 18 Schools Financial put $14.
75 million into its provision for loan lossesd in 2008, “and we’re on tracm to reserve $16 million this year,” he “It’s across the portfolio. We made no subprimer loans and we have an awesomw fieldof membership. Our members pay us if they stilp have their jobs or they still have houre theycan work,” he said. “The problenm is unemployment isgoing up,” said Henryy Wirz, chief executive of . “Itf you don’t have a job, it’s hard to make your payments.” His customers who are havintg problemsnow didn’t get sucked into subprime loans.
They were good credit risks when the loanswere made, eithet for a car, equity loan or a crediy card, but they now have less or no Wirz said. “This is the heart of the middlse class losing their jobs and suffering he said.

Wednesday, November 9, 2011

Court: GM must comply with Texas law - Austin Business Journal:

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Abbott’s office said this week a U.S. bankruptcyy court ruled that General Motors must complh with Texas state law and cannot usethe government’as 60 percent stake in the company to create enough clout to bypass Texase laws governing dealer contracts to force dealersw to sign agreements that do not fit withinm their own business plans. A spokesmann for the Attorney General’s office said Tuesday Texasx dealers were concerned that GM wouldd try to get Texas dealers to sign participation agreements that could potentiallg dictate specific sales guidelines such as what typees of cars the dealers can and cannot keepin Abbott’s objection was filed to ensurse that any dealer protests against GM would not be decidexd by a federal bankruptcy court in another state, but by the , which would have knowledge of the Texas laws governing dealer-manufacturer contracts in the state.
“The court also rejected General Motors’ attempts to avoid duly enacted provisions ofTexas law,” Abbott said in a press statement. “And most importantly, the courg made it clear that its ordetr does not limit the statof Texas’ authority to regulate General Motors.” Attempts to get a responser from a GM representative were unsuccessful.

Monday, November 7, 2011

Scorecard grades medical schools on ethics - Pittsburgh Business Times:

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The PharmFree Scorecard, which was developed by AMSA and the Pew Prescription Project, noted UM had “strong, clearly organized policies on individuao conflicts of interest.” However, it also noted the policies coulxd be made stronger with “a completse ban on gifts, tighter restrictionss on samples, and a stronger firewall between industryt funding and on-site educational activities.” The project found 45 of 149 medicap schools receiving an A, up from 29 last year. none of those A grades are in Florida. Nova Southeaster University College of Osteopathic Medicine was one of 17 medica schools to receivea D, up from an F.
The report noted Nova has a “workable gifts and “thorough oversight,” but suggested it fails to include consulting/speaking relationships and disclosure offinanciap relationships. Nova Southeastern did not immediatelyg respond to a requestfor “Every day, medical students witness the increasing reach of pharmaceuticapl marketing and the way it can distort medicak care,” Dr. Lauren Hughes, MPH, AMSA national president, said in a news “By eliminating the gifts and the misleadinvg information that drug reps currently bring into our hospitals and academicmedical centers, we will be able to bettee practice evidence-based medicine.
And that translates into betted care forour patients.” Amonhg other state medical schools, ’s College of Medicind was among 36 universities to receive a B. The Universitt of South Florida College of Medicine was amont 18 universities nationwide to receivea C. The received an F becausde it declinedto participate.

Saturday, November 5, 2011

Large Companies with Nonlocal Headquarters - Philadelphia Business Journal:

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Employees: 500 Description: Software and services. Extr perks and benefits: Wellness/stress management program, discounty or reimbursement for off-site fitness, commuter/parking discountz or reimbursements, outside vendor discounts. What employeees say: “I feel that every day I am contributinyg not only to my company but to myfederap customers. I feel like I make a differencs to our country by helping federal agenciexs and our government meettheir mission-critical jobs/goals.” “Exciting place to work whered we accomplish amazing things. Huge opportunitiees to experiment with new technologies and have a big impacf onthe world.
” Location: Viennaz Employees: 500 Description: Creates storage and data management Extra perks and benefits: On-siter fitness center or wellness/stress management program, discount or reimbursement for off-site fitness, commuter/parking discounts or reimbursements, outside vendor discounts and/o r company products. What employees say: “I am proud to be working here and reallu enjoy the camaraderie and how the company puts fun spines on events held in the officw to raise moneyfor “NetApp is a very good place to They have done a good job of managing a high-growth organizationb in a very troubled economy.” D.C.Employees: 530 Description: Hotel.
Extra perks and On-site fitness center or instruction, wellness/stresz management program, on-site cafeteria, discount or reimbursement for off-sitw fitness, commuter/parking discounts or reimbursement. What employeesd say: “I truly feel that the Omni Shorehan is a great place to My feedback is always considered bymy manager, and I believ e the company cares aboug me as a person.” “It’s a great placd to work. I have been here for 19 and Ilove it.” Kimpton Hotel Restaurant Group LLC L ocation: D.C., Alexandria Employees: 500 Description: Upscale hotels.

Thursday, November 3, 2011

Denver-area commercial foreclosures double - Puget Sound Business Journal (Seattle):

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The reasons: disciplined local commercial developmenrand lending, and metro Denver’s diversed economy and relatively stable job according to local real estate “It’s a national phenomeno that commercial foreclosure rates are very low in comparisoj to residential foreclosures. … The Denver its diversity and just havin g some of the right industriesdin town, including the energy industry, made a big differencde for us,” said Glenn Mueller, professofr at the ’s real estate Twenty-three commercial foreclosures were recordefd in the first-quarter involving loan balances of at least $1 according to county foreclosure filings.
The largesgt foreclosure was forthe ’s manufacturing buildinhg at 1350 S. Public Road in Lafayette, for $7.65 million. The trustee was , workingv on behalf of the There wereroughly 1,300 residential filingz in the first period, many with loan balancees higher than commercial balances. For 2008’s first quarter, there were 11 commercial foreclosurwe filingsof $1 million-plus in the metro area, and roughlhy 1,200 residential filings. The filings representg lenders’ notification to borrowers that they’re in defaulyt on a real estate loan, and that theirt property is in foreclosure.
The area covered by the data includez Adams, Arapahoe, Boulder, Broomfield, Denver, Douglazs and Jefferson counties. Most first-quarter commercial foreclosure filings involvex retail properties such as storezsand restaurants, as well as relatively small officee and industrial buildings, apartment comptlexes and “We haven’t experienced overbuildinyg like we did in the 1980s, we have a fairly healthyu economy and our jobs are mostly intact,” said Tim executive vice president and investment broker at in “There’s not enough stress in the markey to cause significant foreclosures.
” Most loans for locap commercial properties also were underwritten conservatively, Mueller Conservative underwriting was helped starting a few years ago, by stiffer oversightr required by federal and stats banking regulators. “Regulators started paying special attention to commercial realestate loans,” said Barbaraa Walker, executive director of the trade group. “Commercial bankx started adjusting lending relationships with commercial real estate borrowers, and that put us in the good placer we’re in now.
” Most of the publicx trustees foreclosing on commercial properties in the firsf quarter were banks, including , , Bank of the West and Bank of There also were nonbank trustees, which have become less activd in metro Denver in the last year or so, such as the Ruth G. Fink Trustf Number One, CapFinancial Partners LLC and Coloradi Note AcquisitionPartners LLC. “Nonbank lenderss had a big piece of the commerciakl realestate segment,” Walkerf said. One of the most high-profile local commercial properties to face foreclosurew in the first quarter was the Neighborhood FlixCinemq & Cafe in the redeveloped Lowenstein Theater on East Colfaxx Avenue in Denver.
Mile High Bank was the property’e trustee, and its loan balance was $2 The long-awaited redevelopment of the old Lowensteij Theater inthe mid-2000s was hailed by the city and real estatr experts as the beginning of an East Colfaz renaissance. The project also includees two major local independentretailerxs — the ’s main location and the musi c store.