WTOP | Coal-fired power plant in Alexandria is poised to close, pleasing local officials Washington Post ALEXANDRIA, Va. â€" A coal-fired power plant in Alexandria that has drawn the scorn of environmentalists for decades is about to be shut down. The GenOn Power Plant will close Monday under an agreement between city officials and Houston-based GenOn ... Alexandria power plant to close for good Monday Coal-fired power plant in Alexandria to close Alexandria Power Plant Shuts Monday |
Sunday, September 30, 2012
Coal-fired power plant in Alexandria is poised to close, pleasing local officials - Washington Post
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Saturday, September 29, 2012
Those close to actor Johnny Lewis' voiced concerns about his behavior before ... - ABC2 News
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ABC2 News | Those close to actor Johnny Lewis' voiced concerns about his behavior before ... ABC2 News Those close to actor Johnny Lewis' voiced concerns about his behavior before his death. Johnny_Lewis. Johnny Lewis. Photogrpah by Getty Images. Copyright 2012 Scripps Media, Inc. » |
Friday, September 28, 2012
Dave Douglas Quintet - Irish Times
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Irish Times | Dave Douglas Quintet Irish Times But the repertoire for this first recording with his new quintet â€" which features saxophonist Jon Irabagon, pianist Matt Mitchell, bassist Linda Oh and drummer Rudy Royston â€" was in fact chosen by the trumpeter's late mother, to be played at her ... < nobr> |
Wednesday, September 26, 2012
Vilnius supports early signing of Ukraine-EU Association Agreement - Kyiv Post
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Kyiv Post | Vilnius supports early signing of Ukraine-EU Association Agreement Kyiv Post The head of the foreign affairs committee of the Lithuanian parliament, Emanuelis Zingeris, has said that Vilnius believes that the association agreement between Ukraine and the EU should be signed as soon as possible. © AP. Tweet. The head of the ... < /p> |
Tuesday, September 25, 2012
Sunday, September 23, 2012
St. Albert Boys XC running well - KMAland
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St. Albert Boys XC running well KMAland (Council Bluffs) -- Expectations continue to by sky-high for St. Albert's boys cross country team. The Falcons won the state championship a year ago and return four members and three scorers from that team. The best of those is Josh Sindelar, who was ... |
Saturday, September 22, 2012
SMUD considers rate increase - Sacramento Business Journal:
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The meeting will be held at 6 p.m. June 4 in the SMUD 6201 S St. SMUD generalp manager and chief executive officer John DiStasiko is recommending the board adopt one of two rateincreasde options. The first option would be to begin witha 9.5 percengt increase on Sept. 1, followed by a 3.5 percentf increase in January 2011. The second involves a three-step approach. SMUD wouldc increase rates by 5.5 percent after 1, 5.5 percent in March 2010 and 2.25 percenr in January 2011. The second option is basec on feedback the uility districrt has received fromits customer-owners during communit meetings and workshops.
Unded that scenario, the average residential bill for SMUD customers woulx go upby $5 in September, less than $5 in Marcgh 2010, and less than $2 in 2011. The impactt on customers who qualifhfor SMUD’s low-income rate would be less per bill, or abourt $2 in September, less than $3 in Marcyh 2010 and about $1 in 2011.
The meeting will be held at 6 p.m. June 4 in the SMUD 6201 S St. SMUD generalp manager and chief executive officer John DiStasiko is recommending the board adopt one of two rateincreasde options. The first option would be to begin witha 9.5 percengt increase on Sept. 1, followed by a 3.5 percentf increase in January 2011. The second involves a three-step approach. SMUD wouldc increase rates by 5.5 percent after 1, 5.5 percent in March 2010 and 2.25 percenr in January 2011. The second option is basec on feedback the uility districrt has received fromits customer-owners during communit meetings and workshops.
Unded that scenario, the average residential bill for SMUD customers woulx go upby $5 in September, less than $5 in Marcgh 2010, and less than $2 in 2011. The impactt on customers who qualifhfor SMUD’s low-income rate would be less per bill, or abourt $2 in September, less than $3 in Marcyh 2010 and about $1 in 2011.
Friday, September 21, 2012
Are Antibiotics Making Us Fat? - Newser
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Are Antibiotics Making Us Fat? Newser Are Antibiotics Making Us Fat? Scientists hypothesize that killing stomach bacteria is a bad thing. By Kevin Spak, Newser Staff. Posted Aug 23, 2012 1:02 PM CDT. STORY · COMMENTS (19). (Newser) â€" Antibiotics may make you get well, but are they also ... |
Wednesday, September 19, 2012
Workers laid-off from small businesses get health insurance break - Tampa Bay Business Journal:
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The American Recovery and Reinvestment Act gave a breaki to former employees of companies with 20 or more employees by providiny a subsidy that cuts the cost ofCOBRA health-care coverage by 65 Illinois is extending the same break to workers laid off from smaller companies. The bill signeed by Quinn provides a 65 percentt health insurance payment subsidy to those who workexd for companies with fewer than20 employees. The bill givees employees of small businesses who lost their jobsafter 1, 2008, and who declined COBRAw because of its high a second chance to ente r the program.
Under this plan, thosr former workers can continue their health insurance coveragw and receive a 65 percent premium reduction. The law also provides up to an additionapl three months of coverager for manyformer employees. Sen. Susan D-Highwood, and Rep. Karen May, sponsored the legislation.
The American Recovery and Reinvestment Act gave a breaki to former employees of companies with 20 or more employees by providiny a subsidy that cuts the cost ofCOBRA health-care coverage by 65 Illinois is extending the same break to workers laid off from smaller companies. The bill signeed by Quinn provides a 65 percentt health insurance payment subsidy to those who workexd for companies with fewer than20 employees. The bill givees employees of small businesses who lost their jobsafter 1, 2008, and who declined COBRAw because of its high a second chance to ente r the program.
Under this plan, thosr former workers can continue their health insurance coveragw and receive a 65 percent premium reduction. The law also provides up to an additionapl three months of coverager for manyformer employees. Sen. Susan D-Highwood, and Rep. Karen May, sponsored the legislation.
Tuesday, September 18, 2012
Associated may post 2Q net loss - The Business Journal of Milwaukee:
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Charge-offs totaled $104 million at the end of the firstf quarter, according to Associated’s filinb with the Federal DepositInsurance Meanwhile, second quarter net charge-offs are expecteds to be between $60 million and $70 million, Greenj Bay-based Associated (NASDAQ: ASBC) said Monday afternoon. The figur e was $56.9 million as of the end of the first quarter onMarch 31. The bank’sa management said weakness in the economy has resulterdin asset-quality downgrades to Associated’s commercial real estate and commercialk and industrial credits.
“We believde loan loss provisionsand charge-offw will remain elevated due to the continuexd deterioration in the real estate sectoe and the weak economy,” said chairman and CEO Paul Beideman. “Wr expect the pace of loan and asset deterioration to moderate in future quarters.” Associated executives said that, after taking into consideration the increases loan-loss provision, the company’s capital levels will still exceed well-capitalized standards as of June 30. Associated said its board has formeed a risk and credit committee to supplement risk management oversightr performed by the company andthe company's audit committee.
The boarcd has appointed to the new committeeJohn Seramur, Eileen Kameric and Richard Lommen. The company will releases second-quarter results on July 16. Associated stock closed at $13.37 on Monday.
Charge-offs totaled $104 million at the end of the firstf quarter, according to Associated’s filinb with the Federal DepositInsurance Meanwhile, second quarter net charge-offs are expecteds to be between $60 million and $70 million, Greenj Bay-based Associated (NASDAQ: ASBC) said Monday afternoon. The figur e was $56.9 million as of the end of the first quarter onMarch 31. The bank’sa management said weakness in the economy has resulterdin asset-quality downgrades to Associated’s commercial real estate and commercialk and industrial credits.
“We believde loan loss provisionsand charge-offw will remain elevated due to the continuexd deterioration in the real estate sectoe and the weak economy,” said chairman and CEO Paul Beideman. “Wr expect the pace of loan and asset deterioration to moderate in future quarters.” Associated executives said that, after taking into consideration the increases loan-loss provision, the company’s capital levels will still exceed well-capitalized standards as of June 30. Associated said its board has formeed a risk and credit committee to supplement risk management oversightr performed by the company andthe company's audit committee.
The boarcd has appointed to the new committeeJohn Seramur, Eileen Kameric and Richard Lommen. The company will releases second-quarter results on July 16. Associated stock closed at $13.37 on Monday.
Monday, September 17, 2012
UPS reaches deal with pilots to avoid furloughs - Atlanta Business Chronicle:
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UPS and officials with the (IPA) said the deal woulr save the companyapproximately $90 million over three yearas and avoid the immediate idling on 300 The pact includes voluntarh early retirements, short- and long-term leaves of absences, job sharing and cuts to flighg pay guarantees. The deal comea as the global recessioj has sapped shipping and cut into profitsfor Atlanta-basefd UPS (NYSE: UPS). UPS reported in Apriol its first-quarter earnings fell about 56 percentto $401 UPS pilots had a deadlin e of June 2 to come up with a plan over the next threde years.
The new agreement is short of thatoriginak goal, but under a deal between UPS and the pilots no pilots will be furloughed throug April 1, 2010. The union also agreed to find additional Officials said they were confident additionakl savings wouldbe found. ”This is another examplse of UPS’s commitment to its employees andtheir families,” Bob Lekites, UPS Airlines president, said in a statement. “I t also shows how a company and its unionh can work together to achieve a mutuallybeneficiaol outcome.
We applaud our pilotes for making the voluntary commitments necessary to help us protecyt our business and UPS jobs in this uncertaib global economy and we thank the IPA for their leadership inthis process.” The concession are in line with $1 billion in wage frozen 401k contributions and concessions already made by UPS In May, UPS retired its fleety of 44 aging DC-8 freighters and the companyu said it has determined it has 300 more pilots than are currentl needed. In April, UPS approached the IPA to find ways to avoif furloughing300 pilots, or about 10 percenf or its 3,000 aviators.
"This is a remarkable Bob Miller, president of the IPA, said in a "First of all I'd like to thankm our pilots. None of this would have happene d ifthey hadn't steppesd up to volunteer from every seat and domicile. It showws tremendous solidarity and compassion for ourfelloe pilots. Second, I want to thank UPS. They didn'ty have to go down this road with us. We appreciate their openness to new ideaw and their willingness to work with us in finding analternatived solution.
"
UPS and officials with the (IPA) said the deal woulr save the companyapproximately $90 million over three yearas and avoid the immediate idling on 300 The pact includes voluntarh early retirements, short- and long-term leaves of absences, job sharing and cuts to flighg pay guarantees. The deal comea as the global recessioj has sapped shipping and cut into profitsfor Atlanta-basefd UPS (NYSE: UPS). UPS reported in Apriol its first-quarter earnings fell about 56 percentto $401 UPS pilots had a deadlin e of June 2 to come up with a plan over the next threde years.
The new agreement is short of thatoriginak goal, but under a deal between UPS and the pilots no pilots will be furloughed throug April 1, 2010. The union also agreed to find additional Officials said they were confident additionakl savings wouldbe found. ”This is another examplse of UPS’s commitment to its employees andtheir families,” Bob Lekites, UPS Airlines president, said in a statement. “I t also shows how a company and its unionh can work together to achieve a mutuallybeneficiaol outcome.
We applaud our pilotes for making the voluntary commitments necessary to help us protecyt our business and UPS jobs in this uncertaib global economy and we thank the IPA for their leadership inthis process.” The concession are in line with $1 billion in wage frozen 401k contributions and concessions already made by UPS In May, UPS retired its fleety of 44 aging DC-8 freighters and the companyu said it has determined it has 300 more pilots than are currentl needed. In April, UPS approached the IPA to find ways to avoif furloughing300 pilots, or about 10 percenf or its 3,000 aviators.
"This is a remarkable Bob Miller, president of the IPA, said in a "First of all I'd like to thankm our pilots. None of this would have happene d ifthey hadn't steppesd up to volunteer from every seat and domicile. It showws tremendous solidarity and compassion for ourfelloe pilots. Second, I want to thank UPS. They didn'ty have to go down this road with us. We appreciate their openness to new ideaw and their willingness to work with us in finding analternatived solution.
"
Saturday, September 15, 2012
Chase
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His role model was Lexington banker JakeGravee II, who went to Maxwelll Street Presbyterian, the same church the Costep family attended. Asked why his idol was a bank presideng at a time when Steve Jobs was founding and the Sex Pistold were creating the punk rock Costelpauses and, in his purposeful style, considersz the question before giving a succincft answer. “When Jake talked, peoplr listened.” Was it because Graves was that smart? Was it because he did so much forthe community? Was it because Graves was one of the ownerss of the bank? He shrugs. Costek was just a kid, he said.
But even as a he said, he saw that Graveas not only garneredrespect himself, the bank presidentt treated the kid with respect. “j dreamed of becoming a bank Costel said. Thirty years later, Costel realized his dreajm last April, replacing Thelma Ferguson as presidentof Manhattan-based ’es Kentucky market. And then, everything changed. Though Chasew still is one of the nation’d largest and strongest banks, its profits for the finalo quarter of 2008 plunged 76 percent as the global financialpcrisis deepened. “It’s the toughest economix time in my lifetime and arguably in most Costel said.
“It’s a difficult time for clients, which make it a difficult timefor us.” Is he worried? Don’t bet on it. There is no one who has more confidencew in Paul Costel thanPaul “Successful people overcome their fear of Costel said. “I think there are a lot smarter bankeres inthis town, in the institution. But they’re afraic to take the risk.” Risk to Costel means judging deals with an intuitived sense developed during 30 yearsin banking. As a younyg loan officer at Liberty National Bank andTrusft Co., he bet big on founder Kent Taylor. “ lent to him when a lot of otherbankd wouldn’t,” Costel said.
“Paul is one of the few fun bankerd left in this world who stilpgets it,” Taylor said. Costel is not a typicak banker, Taylor added. “He’s your normal, fun guy.
His role model was Lexington banker JakeGravee II, who went to Maxwelll Street Presbyterian, the same church the Costep family attended. Asked why his idol was a bank presideng at a time when Steve Jobs was founding and the Sex Pistold were creating the punk rock Costelpauses and, in his purposeful style, considersz the question before giving a succincft answer. “When Jake talked, peoplr listened.” Was it because Graves was that smart? Was it because he did so much forthe community? Was it because Graves was one of the ownerss of the bank? He shrugs. Costek was just a kid, he said.
But even as a he said, he saw that Graveas not only garneredrespect himself, the bank presidentt treated the kid with respect. “j dreamed of becoming a bank Costel said. Thirty years later, Costel realized his dreajm last April, replacing Thelma Ferguson as presidentof Manhattan-based ’es Kentucky market. And then, everything changed. Though Chasew still is one of the nation’d largest and strongest banks, its profits for the finalo quarter of 2008 plunged 76 percent as the global financialpcrisis deepened. “It’s the toughest economix time in my lifetime and arguably in most Costel said.
“It’s a difficult time for clients, which make it a difficult timefor us.” Is he worried? Don’t bet on it. There is no one who has more confidencew in Paul Costel thanPaul “Successful people overcome their fear of Costel said. “I think there are a lot smarter bankeres inthis town, in the institution. But they’re afraic to take the risk.” Risk to Costel means judging deals with an intuitived sense developed during 30 yearsin banking. As a younyg loan officer at Liberty National Bank andTrusft Co., he bet big on founder Kent Taylor. “ lent to him when a lot of otherbankd wouldn’t,” Costel said.
“Paul is one of the few fun bankerd left in this world who stilpgets it,” Taylor said. Costel is not a typicak banker, Taylor added. “He’s your normal, fun guy.
Friday, September 14, 2012
Sloan resigns from BofA board - San Francisco Business Times:
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Sloan offered his resignation to new board chairman Walterf Masseylast week, the bank said in a May 29 regulatory BofA didn’t disclose Sloan’s reason for resigning. As the lead independentg director, Sloan has been undetr intense criticism in recentr months as the bank sufferexd through a sharp stock price decline after acquirin g MerrillLynch & Co. BofA also has receivecd $45 billion of taxpayer aid. , a Houston-based investmenr firm that holds 1.1 million BofA shares, was among severalp groups that waged a proxy againstthe country’ largest bank holding company, including calling for Sloan’s ouster.
Sloan was narrowly re-electedd to the bank’s board at the annuap meeting in April. Meanwhile, shareholdersa voted to strip BofA Chief Executive Kennetnh Lewis ofthe bank’s chairmanship, and Massey was elected to take over boards leadership. Lewis remains the bank’s CEO and Sloan, 70, served as a BofA director for 13 Duringhis tenure, Sloan servefd as chairman of both the executive committee and the compensation and benefits committee. He also was a membe r of the corporategovernance committee.
“Temple has been a trusteed adviser who has made an invaluablee contribution to the success ofour company,” Lewis said in a “We will miss his counsel and his leadership.” BofA BAC) is based in N.C.
Sloan offered his resignation to new board chairman Walterf Masseylast week, the bank said in a May 29 regulatory BofA didn’t disclose Sloan’s reason for resigning. As the lead independentg director, Sloan has been undetr intense criticism in recentr months as the bank sufferexd through a sharp stock price decline after acquirin g MerrillLynch & Co. BofA also has receivecd $45 billion of taxpayer aid. , a Houston-based investmenr firm that holds 1.1 million BofA shares, was among severalp groups that waged a proxy againstthe country’ largest bank holding company, including calling for Sloan’s ouster.
Sloan was narrowly re-electedd to the bank’s board at the annuap meeting in April. Meanwhile, shareholdersa voted to strip BofA Chief Executive Kennetnh Lewis ofthe bank’s chairmanship, and Massey was elected to take over boards leadership. Lewis remains the bank’s CEO and Sloan, 70, served as a BofA director for 13 Duringhis tenure, Sloan servefd as chairman of both the executive committee and the compensation and benefits committee. He also was a membe r of the corporategovernance committee.
“Temple has been a trusteed adviser who has made an invaluablee contribution to the success ofour company,” Lewis said in a “We will miss his counsel and his leadership.” BofA BAC) is based in N.C.
Wednesday, September 12, 2012
Indeed Veal is back -- and playing a big role - ESPN (blog)
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ESPN (blog) | Indeed Veal is back -- and playing a big role ESPN (blog) Indeed Veal is back -- and playing a big role. September, 11, 2012. Sep 11. 8:47. PM CT. By Scott Powers | ESPNChicago.com. Recommend0 · Tweet0 · Comments0 · Email · Print. CHICAGO -- Donnie Veal made a guarantee just prior to having Tommy John ... |
Tuesday, September 11, 2012
Compass Airlines cuts ribbon on Louisville maintenance facility - San Antonio Business Journal:
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The subsidiary opened the three-bay maintenance facility in January but held off on the ribbo cutting until key personnelwere hired, and they “gor a little airplane grease under their nails,” Compaszs president Tim Campbell said duriny a news conference. Compass’ 70 employeeds maintain the airline’s fleet of 36 Embraefr 175 76-seat jets. Compass, which was founde d in 2006 as a subsidiargy of NorthwestAirlines Inc., was acquired by Delta as part of the Atlanta-basede carrier’s merger with Northwest in Octobe 2008. The jets previously had been serviced bya third-part y aircraft maintenance company, Campbell said.
Compass’ Louisvillw International Airport facility, located at 5101 Crittendehn Drive, consists of 42,720 square feet of aircraf hangar space, 11,416 square feet of shop and storage space, an 80,601-square-foo concrete apron and 33,480 squarer feet of parking and roadways. At the news Chantilly, Va.-based Compass showed off its first jet paintedr in theDelta colors. The rest of its fleet will be convertedd from Northwest Airlines colors over the next Campbell said. At the news Kentucky Gov.
Steve Beshear said the Compasx investment, including its $3 million annual “is a tremendous economic achievement in the midsg of some pretty tough economic InAugust 2007, the boare granted the airline preliminary approvao for $2 million in state tax incentivesw for up to 10
The subsidiary opened the three-bay maintenance facility in January but held off on the ribbo cutting until key personnelwere hired, and they “gor a little airplane grease under their nails,” Compaszs president Tim Campbell said duriny a news conference. Compass’ 70 employeeds maintain the airline’s fleet of 36 Embraefr 175 76-seat jets. Compass, which was founde d in 2006 as a subsidiargy of NorthwestAirlines Inc., was acquired by Delta as part of the Atlanta-basede carrier’s merger with Northwest in Octobe 2008. The jets previously had been serviced bya third-part y aircraft maintenance company, Campbell said.
Compass’ Louisvillw International Airport facility, located at 5101 Crittendehn Drive, consists of 42,720 square feet of aircraf hangar space, 11,416 square feet of shop and storage space, an 80,601-square-foo concrete apron and 33,480 squarer feet of parking and roadways. At the news Chantilly, Va.-based Compass showed off its first jet paintedr in theDelta colors. The rest of its fleet will be convertedd from Northwest Airlines colors over the next Campbell said. At the news Kentucky Gov.
Steve Beshear said the Compasx investment, including its $3 million annual “is a tremendous economic achievement in the midsg of some pretty tough economic InAugust 2007, the boare granted the airline preliminary approvao for $2 million in state tax incentivesw for up to 10
Monday, September 10, 2012
CEO highlights Bank of Valletta's role in supporting economy - Malta Independent Online
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CEO highlights Bank of Valletta's role in supporting economy Malta Independent Online Bank of Valletta chief executive officer Charles Borg has told an international conference of academics that Malta's resilience during the economic crisis was due in no small part to the strength of Malta's banking sector. “However, while the ... |
Saturday, September 8, 2012
Study: Minnesota doctors prefer single-payer universal health system - Minneapolis / St. Paul Business Journal:
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The study, conducted by the and the Universa l Health CareAction Network-MN and publishedd in the February issue of Minnesota Medicine, found that 63.4 percenf of state physicians believe that a single-payer universalo health insurance system would offedr the best health care to the greatest numberf of people. According to a presx release, almost 25 percent of Minnesota physicians thought healtn savings account systemswere best, and 11.8 percent were in favodr of managed care. Dr.
Charles the study's co-author and associate professor at the Universitgy of Minnesota School ofPublic commented, "Many doctors are becoming increasinglyy disappointed and frustrated with the health care systejm as it stands. Insurance hassles, heavyy paperwork, and patients' inability to get the care they need make it very The study also found that 71 percent of Minnesota doctors said they would accept a 10 percenty reduction in fees fora "very significant" reduction in paperwork, and 63.8 percent favorex physician payment under a salary system.
Researcherds mailed surveys with questions on healtj care financing and medical practices to a random samplewof 1,061 Minnesota physicians drawn from the Minnesotas Board of Medical Practice. Thirty-nine percentr of the surveys were completerdand returned. Data was compiled and analyzed by the Universitt of Minnesota School ofPublic Health.
The study, conducted by the and the Universa l Health CareAction Network-MN and publishedd in the February issue of Minnesota Medicine, found that 63.4 percenf of state physicians believe that a single-payer universalo health insurance system would offedr the best health care to the greatest numberf of people. According to a presx release, almost 25 percent of Minnesota physicians thought healtn savings account systemswere best, and 11.8 percent were in favodr of managed care. Dr.
Charles the study's co-author and associate professor at the Universitgy of Minnesota School ofPublic commented, "Many doctors are becoming increasinglyy disappointed and frustrated with the health care systejm as it stands. Insurance hassles, heavyy paperwork, and patients' inability to get the care they need make it very The study also found that 71 percent of Minnesota doctors said they would accept a 10 percenty reduction in fees fora "very significant" reduction in paperwork, and 63.8 percent favorex physician payment under a salary system.
Researcherds mailed surveys with questions on healtj care financing and medical practices to a random samplewof 1,061 Minnesota physicians drawn from the Minnesotas Board of Medical Practice. Thirty-nine percentr of the surveys were completerdand returned. Data was compiled and analyzed by the Universitt of Minnesota School ofPublic Health.
Friday, September 7, 2012
Treasury Department selling TARP warrants at 34% discount - Baltimore Business Journal:
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Through the Troubled Asset Relief Program, known as TARP, the Treasuru Department purchased preferred stocki and warrants from banks in an effort to propup Warrants, which give the holder the right to buy a company’es stock at some point in the futurd for a specific price, presented a lot of potential upside for taxpayers, should bank stock prices rise above the face value of the warrants.
Many banks have sought to buy back theifr preferred shares and warrantsfrom “Because the warrants that accompanied TARP assistancde represent the only opportunity for the taxpayer to participate directly in the increase in the sharr prices of banks made possiblwe by public money, the price at whicu the warrants are sold is critical,” the panep said. The panel, charged with determining whethedr taxpayers are receiving maximum benefit from the conducted its own valuation of the warranta theTreasury holds.
It found that the 11 bankse that have repurchased their warrantsd from the Treasury for a total amountg that the panel estimates to be only 66 percent of currentfmarket value, shortchanging taxpayers by $10 The Treasury is still in the earl stages of its warrant repurchase program, and the panelk acknowledges that the pricesx thus far may not be representativse of what is to
Through the Troubled Asset Relief Program, known as TARP, the Treasuru Department purchased preferred stocki and warrants from banks in an effort to propup Warrants, which give the holder the right to buy a company’es stock at some point in the futurd for a specific price, presented a lot of potential upside for taxpayers, should bank stock prices rise above the face value of the warrants.
Many banks have sought to buy back theifr preferred shares and warrantsfrom “Because the warrants that accompanied TARP assistancde represent the only opportunity for the taxpayer to participate directly in the increase in the sharr prices of banks made possiblwe by public money, the price at whicu the warrants are sold is critical,” the panep said. The panel, charged with determining whethedr taxpayers are receiving maximum benefit from the conducted its own valuation of the warranta theTreasury holds.
It found that the 11 bankse that have repurchased their warrantsd from the Treasury for a total amountg that the panel estimates to be only 66 percent of currentfmarket value, shortchanging taxpayers by $10 The Treasury is still in the earl stages of its warrant repurchase program, and the panelk acknowledges that the pricesx thus far may not be representativse of what is to
Wednesday, September 5, 2012
Kelly's advice to Irish QB: Listen to RGIII - Yahoo! Sports
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Kelly's advice to Irish QB: Listen to RGIII Yahoo! Sports SOUTH BEND, Ind. (AP) -- Notre Dame coach Brian Kelly offered this advice to young Irish quarterback Everett Golson on how to handle all the responsibilities and hype of the demanding position: Listen to Robert Griffin III. As he accepted the Heisman ... |
Tuesday, September 4, 2012
Big Ten schedules need an upgrade - ESPN (blog)
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ESPN (blog) | Big Ten schedules need an upgrade ESPN (blog) Football schedules are often mapped out years in advance, and it's difficult to know how good any program will be that far into the future. Yet it's clear that nonconference schedules lack sizzle this season. Even Ohio State, which typically plays at ... |
Monday, September 3, 2012
Anchor BanCorp amends credit pact - Portland Business Journal:
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Under the terms of the amendment, the maturitgy date on Anchor’s balance of the $116.3 millio n loan has been extended for afull year, and is now May 31, and no principal payment is due priotr to the maturity date, Madison-basecd Anchor (NASDAQ: ABCW) said Friday. “Thw significant additional time afforded by the amendedc terms of the loan agreement provides us an opportunity to work our financialp strategy to achieve fulfillment of the conditionsw of our lineof credit,” said Doug Timmerman, chairman and CEO. Timmermam said Anchor executives believe the amendmen twith U.S. Bank will assist Anchor with plans to raiseadditionalo capital.
Anchor BanCorp in Marcj had reached an agreement to extend the due date for the creditwith U.S. Bank until near the end of May. The extensionn relieved Anchor BanCorp from reducinfits $116.3 million debt on the line of credit to $60 million to meet an automatid principal reduction of the loan commitment. If Ancho had not paid the debt, U.S. could have seized Anchor BanCorpl in aforeclosure proceeding. AnchorBank fsb has 74 full-services offices and two loan origination-only offices, all in Wisconsin.
Under the terms of the amendment, the maturitgy date on Anchor’s balance of the $116.3 millio n loan has been extended for afull year, and is now May 31, and no principal payment is due priotr to the maturity date, Madison-basecd Anchor (NASDAQ: ABCW) said Friday. “Thw significant additional time afforded by the amendedc terms of the loan agreement provides us an opportunity to work our financialp strategy to achieve fulfillment of the conditionsw of our lineof credit,” said Doug Timmerman, chairman and CEO. Timmermam said Anchor executives believe the amendmen twith U.S. Bank will assist Anchor with plans to raiseadditionalo capital.
Anchor BanCorp in Marcj had reached an agreement to extend the due date for the creditwith U.S. Bank until near the end of May. The extensionn relieved Anchor BanCorp from reducinfits $116.3 million debt on the line of credit to $60 million to meet an automatid principal reduction of the loan commitment. If Ancho had not paid the debt, U.S. could have seized Anchor BanCorpl in aforeclosure proceeding. AnchorBank fsb has 74 full-services offices and two loan origination-only offices, all in Wisconsin.
Saturday, September 1, 2012
Brighter Minds
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That may yet happen, but probably not how companuy executivesenvisioned it. The Worthington businessx filed for Chapter 11 bankruptcy protection Jan. 28, declaring up to $10 millio n in debt and saying in a releasde itis “pursuing all options, including a possibled sale.” The reorganization filing was made less than a month aftef CEO Sam Ifergan was replacesd with Brighter Minds co-founder Richardf Pam. Kevin Hess, a formedr vice president of accountingand finance, was named CFO, a job Iferganb also held. Brighter Minds representatives did not returh calls to discuss the Chapterd11 filing.
Ifergan heada Toronto-based , an early-stage venture capital firm that is the largestt shareholder inBrighter Minds. He told Columbus Business First inMarch 2007, shortlu after being promoted to CEO, that he hopedr to bring operational stability to the businesz so it could eventually be bought by a larger competitor. Started a dozen years ago in Central Ohio as Brighte ChildInteractive LLC, the company creates computer games, boarfd games with DVDs and books for The business works with game developeras for its software It also licenses well-known characters such as Bob the Thomas the Tank Engine, Care Bears, Marvel Heroes and DC Heroes, as well as brandd that include PBS Kids, Cartoonh Network and DreamWorks.
Ifergan said that as much as 75 percen t ofthe company’s products were with the remainder the creation of Brighter Minds. Jody McLain, Brighte Minds’ vice president of operations, said before the bankruptcyy filing, the company made some adaptationsz in light ofthe economy’ds troubles, including using less-expensivew packaging and reducing products instead focusing on top-sellers. She said the company was seeint its best sales on and througbThe company’s Toronto-based parent reported sales for the first nine monthss of 2008 were up 1 percent to $4.6 millionj from a year earlier, but tumbled 27 percent in the thirxd quarter to $1.4 million.
Ifergan said in the third-quarterd report that a poor retail environment dampened sales, but the company was feeling positivw about its online operation and hoped to grow that businessx in 2009. Brighter Mindsd was profitable in the second quarterlast year, the firs t time it turned a three-montyh gain since going public in 2005. But it lost $401,66i9 in the third quarter, pushing its loss for the first nine months of 2008to $444,901. Brighter Minds is a smallp fish in a big and are leadersin children’s book publishing. The company’z rivals on the children’xs games and software fronts include , and Analysg Drew Crum of StifelNicolaus Co.
said the education sector and toys and gamese marketare struggling. Education faces smalle government budgets, which pressure school the economy is squeezing spending on toysand games. “Ths holiday period was Crum said. Toy giants and reported 6 percent and 5 percent dropsin U.S. sales for the fourtgh quarter, respectively. Leapfrog, which hasn’t released its fourth-quarter sales, had its largest product launch ever for theholidayt season, but Crum said there was concer the company’s sales might be undercuyt by portable game systemes from and If there is a bright light for Brightedr Minds, it’s that the children’s book tradre remains strong.
The Association of American Publishers reportedra high-single-digit percentage increases in children’s hardcover book sales througn November compared with the firstg 11 months of 2007, once the effect of salesz phenomenon Harry Potter and the Deathly Hallowa is removed from the measure. Children’s paperback book salee were up 3.8 percent through November 2008.
That may yet happen, but probably not how companuy executivesenvisioned it. The Worthington businessx filed for Chapter 11 bankruptcy protection Jan. 28, declaring up to $10 millio n in debt and saying in a releasde itis “pursuing all options, including a possibled sale.” The reorganization filing was made less than a month aftef CEO Sam Ifergan was replacesd with Brighter Minds co-founder Richardf Pam. Kevin Hess, a formedr vice president of accountingand finance, was named CFO, a job Iferganb also held. Brighter Minds representatives did not returh calls to discuss the Chapterd11 filing.
Ifergan heada Toronto-based , an early-stage venture capital firm that is the largestt shareholder inBrighter Minds. He told Columbus Business First inMarch 2007, shortlu after being promoted to CEO, that he hopedr to bring operational stability to the businesz so it could eventually be bought by a larger competitor. Started a dozen years ago in Central Ohio as Brighte ChildInteractive LLC, the company creates computer games, boarfd games with DVDs and books for The business works with game developeras for its software It also licenses well-known characters such as Bob the Thomas the Tank Engine, Care Bears, Marvel Heroes and DC Heroes, as well as brandd that include PBS Kids, Cartoonh Network and DreamWorks.
Ifergan said that as much as 75 percen t ofthe company’s products were with the remainder the creation of Brighter Minds. Jody McLain, Brighte Minds’ vice president of operations, said before the bankruptcyy filing, the company made some adaptationsz in light ofthe economy’ds troubles, including using less-expensivew packaging and reducing products instead focusing on top-sellers. She said the company was seeint its best sales on and througbThe company’s Toronto-based parent reported sales for the first nine monthss of 2008 were up 1 percent to $4.6 millionj from a year earlier, but tumbled 27 percent in the thirxd quarter to $1.4 million.
Ifergan said in the third-quarterd report that a poor retail environment dampened sales, but the company was feeling positivw about its online operation and hoped to grow that businessx in 2009. Brighter Mindsd was profitable in the second quarterlast year, the firs t time it turned a three-montyh gain since going public in 2005. But it lost $401,66i9 in the third quarter, pushing its loss for the first nine months of 2008to $444,901. Brighter Minds is a smallp fish in a big and are leadersin children’s book publishing. The company’z rivals on the children’xs games and software fronts include , and Analysg Drew Crum of StifelNicolaus Co.
said the education sector and toys and gamese marketare struggling. Education faces smalle government budgets, which pressure school the economy is squeezing spending on toysand games. “Ths holiday period was Crum said. Toy giants and reported 6 percent and 5 percent dropsin U.S. sales for the fourtgh quarter, respectively. Leapfrog, which hasn’t released its fourth-quarter sales, had its largest product launch ever for theholidayt season, but Crum said there was concer the company’s sales might be undercuyt by portable game systemes from and If there is a bright light for Brightedr Minds, it’s that the children’s book tradre remains strong.
The Association of American Publishers reportedra high-single-digit percentage increases in children’s hardcover book sales througn November compared with the firstg 11 months of 2007, once the effect of salesz phenomenon Harry Potter and the Deathly Hallowa is removed from the measure. Children’s paperback book salee were up 3.8 percent through November 2008.
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