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Overland Park, Kan.-based YRC (Nasdaq: YRCW) said Keith former president of YRCRegional Transportation; Michaelp Rapken, former executive vice presideny and chief information Jim Ritchie, former president of YRC Logistics; and Christina former vice president and treasurer, will leave the compant by June 30. YRC also detailedc the following appointments, effective immediately: • John Garcia, formere president of ’s largest wireless business unit and chied marketing officer forSprint (NYSE: S), is now executive vice presidentg and chief sales officer.
• Mike Smid, ’z president and COO, assumes responsibility for the operationxs of all YRC Worldwide regional andnational • Tim Wicks, executive vice presidentr and CFO, leads a newly consolidateds organization comprising all strategic and operational finance activitiese throughout YRC Worldwide companies. • Sheila Taylor, vice presidentf of finance andinvestor relations, assumes the role of reporting to Wicks. • Greg executive vice president and chietmarketing officer, will lead a consolidated marketingt effort, including brand and businesss development initiatives, supporting all YRC Worldwid e companies.
• Mike Naatz, executivew vice president and chief information andservice officer, assumes responsibility for YRC Worldwidse information technology, YRC customefr service and the strategic direction for the regional customere service functions. Naatz continues to lead YRC Worldwide’ss program management efforts, initially designed to supporg the successful integration of Yelloawand Roadway. • John Carr assumesw the role of presideny forYRC Logistics, leading the YRC Worldwide globalk logistics management company.
Previously, Carr was COO for YRC Logistics and president for the Americas and All the executives except Taylor reportg directly to YRC Worldwide Chairman and CEO Bill YRC said in April that it hadlost $257.4 millioh in the first quarterf as the freight recession continued to weigh down That compared with a loss of $46.3y million a year earlier. reportesd May 15 that the company planned to askfor $1 billio n in federal bailout assistance for pensionn obligations. Company officials wouldn’t comment on the report.
Tuesday, May 31, 2011
Sunday, May 29, 2011
Cyprus team ready for Games of the Small States of Europe - Famagusta Gazette
tatyanagepoji.blogspot.com
Cyprus team ready for Games of the Small States of Europe Famagusta Gazette During a press conference, Cyprus Olympic Committee President Ouranios Ioannides said that the Cypriot team is departing for Lichtenstein and the goal is to retain its top ranking in gold medals and in the total number of medals. ... |
Friday, May 27, 2011
David Robertson has been a magic force for Yankees out of bullpen - The Star-Ledger - NJ.com
framptongeqeaqu1461.blogspot.com
New York Daily News | David Robertson has been a magic force for Yankees out of bullpen The Star-Ledger - NJ.com By Marc Carig/The Star-Ledger Brian Blanco/EPAYankees reliever David Robertson, who stands at just 5 feet 11 inches, strikes out 14.21 batters per nine innings, an average that is among the best in baseb » |
Tuesday, May 24, 2011
Sunday, May 22, 2011
Grede Foundries files for bankruptcy protection - Houston Business Journal:
vertical siding
Wayzata Investment Partners LLCof Wayzata, an SEC-registered investment adviser and managed of private investment funds with more than $5 billionm in assets, has offered to provide a $45 milliojn temporary loan facility to allow time for an orderlyt sale under the supervision of the Bankruptch Court. Since 1992, Wayzata has invested more than $12 billiomn in more than 600 investments. The filing, made Tuesday in the U.S. Bankruptcy Court for the Western Districytof Wisconsin, was driven by the impact of the current economic downturn on the company and its customers, particularly the automotivr industry, said Richard Koenings chairman of the board of directors for Wauwatosa-based Grede.
The reorganization and assett sale is expected to position the company for a turnaround as the country emerges from the most difficultf economic period it has seenin generations, he “The significant deterioration in the automotiver and construction industries and the resulting impac t on our company and the foundry industry in generao require that we take this strategix action,” Koenings said. “We have carefully exploredx many options, and believre a sale to a stronfg financial backer like Wayzat is the best way to effectively proceed in what has been an exceedinglydifficult marketplace.
” Koenings stressed that Grede Foundriesw remains in business and that jobs will remai during the transition. “This move gives us the time to restructurre while we continue to do business and operateour plants,” he said. “Grede will continue to buy goodse and services from its support its work force and provide its customers with the same qualitg products andservice they’ve come to expect from us. Our goal is to preserve and strengthen our business so that we can compete successfully inthe future.” Wayzata has also agreedx to make the first bid, often called a “stalkinvg horse” bid, for Grede.
“Wayzata’s commitment shows their belief in the strength of the Grede name and its respected position in thefoundrgy industry,” Koenings said. Sales of businesses in bankruptcy proceedingsz are often structured where one company makes the initialk bid foranother company’s Under rules approved by the court, higher offers from thirrd parties can be submitted as competiny bids. The “stalking horse” arrangemeng helps ensure that Grede receives the best valur for its assets and allows for offers that are best for the creditorw while preserving thebusiness operations, companuy management said.
Grede said that it has already received inquiries from otherr parties that are interestedin Grede’d production capacity. Koenings said Grede expectws the sale and related bidding process to move steadilty through thecourt “We are deeply committed to doint everything necessary to put our companuy on solid footing as the natiomn begins to rise out of the worst economic conditione since the Great Depression,” he “Our customers very clearlhy want us to succeed and have been very supportive.
” Grede announced in May that it had laid off 81 employee s from its foundry in Wauwatosa since the end of In April, the company revealed plans to closwe its foundry in Greenwood, S.C.
Wayzata Investment Partners LLCof Wayzata, an SEC-registered investment adviser and managed of private investment funds with more than $5 billionm in assets, has offered to provide a $45 milliojn temporary loan facility to allow time for an orderlyt sale under the supervision of the Bankruptch Court. Since 1992, Wayzata has invested more than $12 billiomn in more than 600 investments. The filing, made Tuesday in the U.S. Bankruptcy Court for the Western Districytof Wisconsin, was driven by the impact of the current economic downturn on the company and its customers, particularly the automotivr industry, said Richard Koenings chairman of the board of directors for Wauwatosa-based Grede.
The reorganization and assett sale is expected to position the company for a turnaround as the country emerges from the most difficultf economic period it has seenin generations, he “The significant deterioration in the automotiver and construction industries and the resulting impac t on our company and the foundry industry in generao require that we take this strategix action,” Koenings said. “We have carefully exploredx many options, and believre a sale to a stronfg financial backer like Wayzat is the best way to effectively proceed in what has been an exceedinglydifficult marketplace.
” Koenings stressed that Grede Foundriesw remains in business and that jobs will remai during the transition. “This move gives us the time to restructurre while we continue to do business and operateour plants,” he said. “Grede will continue to buy goodse and services from its support its work force and provide its customers with the same qualitg products andservice they’ve come to expect from us. Our goal is to preserve and strengthen our business so that we can compete successfully inthe future.” Wayzata has also agreedx to make the first bid, often called a “stalkinvg horse” bid, for Grede.
“Wayzata’s commitment shows their belief in the strength of the Grede name and its respected position in thefoundrgy industry,” Koenings said. Sales of businesses in bankruptcy proceedingsz are often structured where one company makes the initialk bid foranother company’s Under rules approved by the court, higher offers from thirrd parties can be submitted as competiny bids. The “stalking horse” arrangemeng helps ensure that Grede receives the best valur for its assets and allows for offers that are best for the creditorw while preserving thebusiness operations, companuy management said.
Grede said that it has already received inquiries from otherr parties that are interestedin Grede’d production capacity. Koenings said Grede expectws the sale and related bidding process to move steadilty through thecourt “We are deeply committed to doint everything necessary to put our companuy on solid footing as the natiomn begins to rise out of the worst economic conditione since the Great Depression,” he “Our customers very clearlhy want us to succeed and have been very supportive.
” Grede announced in May that it had laid off 81 employee s from its foundry in Wauwatosa since the end of In April, the company revealed plans to closwe its foundry in Greenwood, S.C.
Friday, May 20, 2011
Former Little Texas member, guitarist seek vintage instruments - Dayton Daily News
http://hlreservations.com/environment/private-sphere-public-good-my-exteroception-for-a-new-exercise-paradigm/
Former Little Texas member, guitarist seek vintage instruments Dayton Daily News Contributed photo Brady Seals, left, a former member of Little Texas, and Gabe Hernandez, a former Gibson web editor, will be in Mason this weekend to purchase and sell vintage stringed instruments. By Haley Day, Contributing Writer 10:25 PM Monday, ... |
Tuesday, May 17, 2011
Pew report: Clean energy powers job growth - New Mexico Business Weekly:
kittredgeihuhyla1951.blogspot.com
study said Florida was one of 38 states and the District of Columbia in which job growty in the clean energy economy outperformeed overalljob gains. Pew defined a clean energy economy as one thatgeneratex jobs, businesses and investments while expanding clean energuy production, increasing energy efficiency, reducing greenhouse gas waste and pollution, and conservinv water and other natural resources. In there was a 7.9 perceng increase in clean energgy jobsfrom 28,845 jobs in 1998 to 31,12w jobs in 2007.
The numbers are a hard county ofactual jobs, Pew said in a release, and rangwe from jobs as diverse as plumbers, administrative assistants, construction workers, machine marketing consultants and teachers with annua incomes ranging from $21,000 to $111,000. jobs in the cleajn energy industry grew at a rateof 9.1 percent between 1998 and 2007, whilw total jobs grew by 3.7 percent in the same period, the reportg says. Florida had 3,83q1 clean energy businesses at the end of a 22.7 percent increase from 3,121 businesses in the report says.
There were 236 cleanm energy patents in Florida between 1999and 2008, and venture capital firms invested $117 in clean technologyg in Florida between 2006 and 2008.
study said Florida was one of 38 states and the District of Columbia in which job growty in the clean energy economy outperformeed overalljob gains. Pew defined a clean energy economy as one thatgeneratex jobs, businesses and investments while expanding clean energuy production, increasing energy efficiency, reducing greenhouse gas waste and pollution, and conservinv water and other natural resources. In there was a 7.9 perceng increase in clean energgy jobsfrom 28,845 jobs in 1998 to 31,12w jobs in 2007.
The numbers are a hard county ofactual jobs, Pew said in a release, and rangwe from jobs as diverse as plumbers, administrative assistants, construction workers, machine marketing consultants and teachers with annua incomes ranging from $21,000 to $111,000. jobs in the cleajn energy industry grew at a rateof 9.1 percent between 1998 and 2007, whilw total jobs grew by 3.7 percent in the same period, the reportg says. Florida had 3,83q1 clean energy businesses at the end of a 22.7 percent increase from 3,121 businesses in the report says.
There were 236 cleanm energy patents in Florida between 1999and 2008, and venture capital firms invested $117 in clean technologyg in Florida between 2006 and 2008.
Sunday, May 15, 2011
Friday, May 13, 2011
BusinessWoman of the Year finalists named - Tampa Bay Business Journal:
http://uncrate.com/stash/kozanostra
Ninety women submitted entry packets out of the 139 The winners in each of the categories below will be announcedc at a galaeveng Aug. 19 at the Grand Hyatgt Tampa Bay. An overallo winner will be honored atthe event. The finalist and categories are: Kathy county commissioner District 1, Hillsboroughh Board of County CommissionersLeelsa J. Dawson, director, Army Publicf Affairs Southeast, U.S. Army Shannon E. director of neighborhood and community relations, City of Tamp a Mary Jane Stanley, president/CEO, Pasco Economic Developmentf CouncilSuzanne Bloom, principal production engineer, Honeywell Inc. Jennifer president, Mill-Rite Woodworking Co. Inc. C.
Susanm Basil-Englander, president, founder, EEI Manufacturing Services Linda G. president, Sign-Age of Tampa Bay Inc. Irma C. director, Tampa/Hillsborough International Protocol Office Dr. Pallavi president, Patel Foundation for Global UnderstandinfCharlotte Starfire, director of internationalp trade and investment, Greater Tampa Chamber of Commercre Bobbie O'Brien, news reporter/producer, WUSF-FM Martt Petty, publisher and executive VP, St. Petersburg Timesw Louise Thompson, executive director, Tampa Bay Community Networmk RhondaScott Brewer, VP of operations, Newlancd Communities Susan Marie Glow, consulting manager, Taylot White Robin A.
Grabowski, owner, Tranquility Day Spa Jessicq Pawelkop Muroff, account executive, Roberts Communications Christine M. president, Tampa Downtown Partnership Darby Dickerson, VP, dean, Stetson University College of Law MarisaElena Elisalde, president, National Society of Hispaniv MBAs Susan Haig, associate conductor, The Floridaa Orchestra Robin Kovaleski, executive director, The Florida Venture Foru Sandra L. Moody, executive Bay Area Commuter Services Inc. Suzy O'Malley, executivwe director, American Heart Association Florida/Puerto Rico Affiliate Marian S. executive director, VSA Arts of Floridas Shelley G.
Broader, president, COO, Kash n' Karry/Sweetbayg Supermarkets Lisa Brock, president of Brock Communication sCynthia G. Jameson, human resources director, Bright Hous Networks Susan A. Martinez, seniotr executive VP, AmSouth Bank Gwen J. Mitchell, managinb partner, Deloitte & Touche USA LLP Leila Jammak Nodarse, CEO, Nodarse & Associates Inc. Kathryn executive VP, COO, Bank of St. Petersburvg Nancy Phaneuf, president, NPR Development Inc. Jeanettre G. Renfrow, senior VP, Liberty Bank Rebecca J. president, founder, The A.D. Morgan Holly B. Tomlin, president, Tomlin Staffinf Vonda White, president, CEO, Collegiate Risk Managemenyt Inc.
Ninety women submitted entry packets out of the 139 The winners in each of the categories below will be announcedc at a galaeveng Aug. 19 at the Grand Hyatgt Tampa Bay. An overallo winner will be honored atthe event. The finalist and categories are: Kathy county commissioner District 1, Hillsboroughh Board of County CommissionersLeelsa J. Dawson, director, Army Publicf Affairs Southeast, U.S. Army Shannon E. director of neighborhood and community relations, City of Tamp a Mary Jane Stanley, president/CEO, Pasco Economic Developmentf CouncilSuzanne Bloom, principal production engineer, Honeywell Inc. Jennifer president, Mill-Rite Woodworking Co. Inc. C.
Susanm Basil-Englander, president, founder, EEI Manufacturing Services Linda G. president, Sign-Age of Tampa Bay Inc. Irma C. director, Tampa/Hillsborough International Protocol Office Dr. Pallavi president, Patel Foundation for Global UnderstandinfCharlotte Starfire, director of internationalp trade and investment, Greater Tampa Chamber of Commercre Bobbie O'Brien, news reporter/producer, WUSF-FM Martt Petty, publisher and executive VP, St. Petersburg Timesw Louise Thompson, executive director, Tampa Bay Community Networmk RhondaScott Brewer, VP of operations, Newlancd Communities Susan Marie Glow, consulting manager, Taylot White Robin A.
Grabowski, owner, Tranquility Day Spa Jessicq Pawelkop Muroff, account executive, Roberts Communications Christine M. president, Tampa Downtown Partnership Darby Dickerson, VP, dean, Stetson University College of Law MarisaElena Elisalde, president, National Society of Hispaniv MBAs Susan Haig, associate conductor, The Floridaa Orchestra Robin Kovaleski, executive director, The Florida Venture Foru Sandra L. Moody, executive Bay Area Commuter Services Inc. Suzy O'Malley, executivwe director, American Heart Association Florida/Puerto Rico Affiliate Marian S. executive director, VSA Arts of Floridas Shelley G.
Broader, president, COO, Kash n' Karry/Sweetbayg Supermarkets Lisa Brock, president of Brock Communication sCynthia G. Jameson, human resources director, Bright Hous Networks Susan A. Martinez, seniotr executive VP, AmSouth Bank Gwen J. Mitchell, managinb partner, Deloitte & Touche USA LLP Leila Jammak Nodarse, CEO, Nodarse & Associates Inc. Kathryn executive VP, COO, Bank of St. Petersburvg Nancy Phaneuf, president, NPR Development Inc. Jeanettre G. Renfrow, senior VP, Liberty Bank Rebecca J. president, founder, The A.D. Morgan Holly B. Tomlin, president, Tomlin Staffinf Vonda White, president, CEO, Collegiate Risk Managemenyt Inc.
Wednesday, May 11, 2011
Biz leaders see hope amid gloom - Minneapolis / St. Paul Business Journal:
evlampiyacyxybyw.blogspot.com
Despite predicting a long wait for arebound — not untikl 2011 — Holmes notes that, among real estate sectors, multifamilyg housing looked the most promising for 2009 becausre demand will stay flat insteadx of declining. Demand for industrial and office space will decrease while demand for retaik and lodgingwill “One of the key drivers is job and it’ll be a long time before we see turn around, said Holmes, adding rather than building new facilities, companies will retrofir their existing ones.
One thing that appeard certain: checked baggage fees are here to saidJim Cron, senior vice presideng of global sales and distribution for Atlanta-basedf Delta Air Lines, which boughy in October. “The industry has been goingy down the path of chargingf for things not embedded in the price of a ticke t for along time,” Cron said. Deltwa will continue to cut capacity by 6 to 8percent year-over-year because of a decline in overall bookings, whichh means that, although fewer people are passengers won’t find many empty One bright spot for the airline industry is lowert fuel prices, which will reduce the impactf of the dismal economy.
Deltz has projected that it will be profitabledin 2009. “2008 was a year of change, but for we’re optimistic,” Cron said.
Despite predicting a long wait for arebound — not untikl 2011 — Holmes notes that, among real estate sectors, multifamilyg housing looked the most promising for 2009 becausre demand will stay flat insteadx of declining. Demand for industrial and office space will decrease while demand for retaik and lodgingwill “One of the key drivers is job and it’ll be a long time before we see turn around, said Holmes, adding rather than building new facilities, companies will retrofir their existing ones.
One thing that appeard certain: checked baggage fees are here to saidJim Cron, senior vice presideng of global sales and distribution for Atlanta-basedf Delta Air Lines, which boughy in October. “The industry has been goingy down the path of chargingf for things not embedded in the price of a ticke t for along time,” Cron said. Deltwa will continue to cut capacity by 6 to 8percent year-over-year because of a decline in overall bookings, whichh means that, although fewer people are passengers won’t find many empty One bright spot for the airline industry is lowert fuel prices, which will reduce the impactf of the dismal economy.
Deltz has projected that it will be profitabledin 2009. “2008 was a year of change, but for we’re optimistic,” Cron said.
Sunday, May 8, 2011
Clay & Land Insurance adds $25 million in deposits to MetLife Bank - bizjournals:
ulyanaimiiurebor.blogspot.com
brought in nearly $25 millionm in deposits to MetLife Bank in 2008 as customers flockexd to the safety and security of certificates of deposi andmoney markets. It was a record year for the relationshilp that began three years ago when MetLife approachedClay Land, the third-largest propertyy and casualty insurance firm in Memphis, about forming the About 300 new clients were brought into Clay Land through the MetLife relationship, the firm says. More than 95% of Clay Land’s deposits for MetLife are in CDs, with the averaged new customer havingalmost $82,000 in depositws last year.
The fact that rates on some short-term CDs have droppesd by as muchas half, and long-term CDs are almosr nonexistent, isn’t expected to slow that business, says Lynn an agent with Clay & Land who market s the firm’s MetLife Bank arrangement. MetLife Bank’s 1-year CD rate is at with a minimum depositof $25,000, according to “We’re not as competitive right now because the bank doesn’tf need to be,” Alford “They don’t need the funds.” Interestt rate cuts in the last quarter of 2008 by the Federal Reserve trimmed the yields on CDs to below 4%, makingf them less attractive for some banks.
Not which has kept rates “competitive” says MetLife spokesman Ted Mitchell, but not with the goal of tryinh to havethe No. 1 CD rate in the MetLife has been plenty successful withthat strategy. MetLife Bank’ds CD portfolio in the first quarterr of 2009 wasat $3.1 compared to $1.5 billion in the firsty quarter of 2008, Mitchell says. Therr are more than 100 MetLife agenta in the Memphis area licensed toofferd CDs, money market and IRA Mitchell says. Having the highest CD rate is not the primaruy factor for aClay & Land customer, Alford says at least that’s not the approach in managinv the relationship.
“The people we deal with are very, very Alford says. “They want to stay out of the Their clientele tends to be intheir 60s; they don’t have computerds and don’t bank online. They also are very skepticaol andwant face-to-face interaction, he says. “zA lot of them don’ty know who to trust and need he says. Alford and co-workerf Jan Bounds are focused on growing that base of CD customerxs and trying to identify othe rpotential investments, or converting CD or money market fund s into a more practical insurance product, like a long-term care policy, Alford says.
“There’x not a lot of money to be in but we makethe relationship,” Alford That’s likely a good strategy. Lannyu Mitchell, president of Memphis-based , is a formetr executive who now markets deposit consulting servicews tocommunity banks. Building a business based solely on offerin g the highest CDrates isn’gt a very good strategy, Mitchell says. “Bankersa call it hot money,” he says, becaus e customers cash in on the rate then pull the money afteer maturity and move it to thenext Well-managed banks recognize that and work to make the most of the “Most banks don’t go that extra Mitchell says.
“They don’t know how to leverager it where they haveother business.”
brought in nearly $25 millionm in deposits to MetLife Bank in 2008 as customers flockexd to the safety and security of certificates of deposi andmoney markets. It was a record year for the relationshilp that began three years ago when MetLife approachedClay Land, the third-largest propertyy and casualty insurance firm in Memphis, about forming the About 300 new clients were brought into Clay Land through the MetLife relationship, the firm says. More than 95% of Clay Land’s deposits for MetLife are in CDs, with the averaged new customer havingalmost $82,000 in depositws last year.
The fact that rates on some short-term CDs have droppesd by as muchas half, and long-term CDs are almosr nonexistent, isn’t expected to slow that business, says Lynn an agent with Clay & Land who market s the firm’s MetLife Bank arrangement. MetLife Bank’s 1-year CD rate is at with a minimum depositof $25,000, according to “We’re not as competitive right now because the bank doesn’tf need to be,” Alford “They don’t need the funds.” Interestt rate cuts in the last quarter of 2008 by the Federal Reserve trimmed the yields on CDs to below 4%, makingf them less attractive for some banks.
Not which has kept rates “competitive” says MetLife spokesman Ted Mitchell, but not with the goal of tryinh to havethe No. 1 CD rate in the MetLife has been plenty successful withthat strategy. MetLife Bank’ds CD portfolio in the first quarterr of 2009 wasat $3.1 compared to $1.5 billion in the firsty quarter of 2008, Mitchell says. Therr are more than 100 MetLife agenta in the Memphis area licensed toofferd CDs, money market and IRA Mitchell says. Having the highest CD rate is not the primaruy factor for aClay & Land customer, Alford says at least that’s not the approach in managinv the relationship.
“The people we deal with are very, very Alford says. “They want to stay out of the Their clientele tends to be intheir 60s; they don’t have computerds and don’t bank online. They also are very skepticaol andwant face-to-face interaction, he says. “zA lot of them don’ty know who to trust and need he says. Alford and co-workerf Jan Bounds are focused on growing that base of CD customerxs and trying to identify othe rpotential investments, or converting CD or money market fund s into a more practical insurance product, like a long-term care policy, Alford says.
“There’x not a lot of money to be in but we makethe relationship,” Alford That’s likely a good strategy. Lannyu Mitchell, president of Memphis-based , is a formetr executive who now markets deposit consulting servicews tocommunity banks. Building a business based solely on offerin g the highest CDrates isn’gt a very good strategy, Mitchell says. “Bankersa call it hot money,” he says, becaus e customers cash in on the rate then pull the money afteer maturity and move it to thenext Well-managed banks recognize that and work to make the most of the “Most banks don’t go that extra Mitchell says.
“They don’t know how to leverager it where they haveother business.”
Friday, May 6, 2011
Report: BofA covering Mozilo
burdukovahycel.blogspot.com
BofA told the news agency Mozilo is covered by an indemnity clauss that was in place when heran Countrywide, which BofA acquired in July for $2.5 billion. The deal made the N.C.-based bank the country’s largest mortgage Last week, the Securities and Exchange Commissio charged Mozilo and two others withsecuritiees fraud. SEC regulators accuse Mozilo and the other former Countrywided executives of misleading investors about the credigt risks the company took to increase its market The SECalleges Mozilo, former Chief Operating Officer David Sambol and forme Chief Financial Officer Eric Sieracki falsely assured investors that Countrywids was primarily a prime-quality mortgage lender that had avoidedx underwriting risky loans.
The chargews stem from actions in 2005to 2007. Mozilo also was chargedf with insider trading. The SEC allegee he sold Countrywide stock on the basis ofnonpublicc information, reaping $140 million in profits.
BofA told the news agency Mozilo is covered by an indemnity clauss that was in place when heran Countrywide, which BofA acquired in July for $2.5 billion. The deal made the N.C.-based bank the country’s largest mortgage Last week, the Securities and Exchange Commissio charged Mozilo and two others withsecuritiees fraud. SEC regulators accuse Mozilo and the other former Countrywided executives of misleading investors about the credigt risks the company took to increase its market The SECalleges Mozilo, former Chief Operating Officer David Sambol and forme Chief Financial Officer Eric Sieracki falsely assured investors that Countrywids was primarily a prime-quality mortgage lender that had avoidedx underwriting risky loans.
The chargews stem from actions in 2005to 2007. Mozilo also was chargedf with insider trading. The SEC allegee he sold Countrywide stock on the basis ofnonpublicc information, reaping $140 million in profits.
Wednesday, May 4, 2011
Colo. companies make splash with IPOs - Kansas City Business Journal:
http://my3strands.com/parents/Being-an-Effective-Parent.html
, a Niwot-based companh (NASDAQ: CROX) that makes lightweighft resin shoes in a rainbow of debuted Feb. 8 at $21 and gainefd nearly 36 percent toreacjh $28.55 in its first tradinv day. Crocs raised $208 milliojn in the 9.9 million-share offering, makinb the deal the biggest-ever U.S. footwear IPO. Denver-based (NYSE: CMG) made a huge splash a few weeksz earlier, debuting Jan. 26 at twicee its $22 offer price and continuing atthat level; the stoci closed Feb. 8 at $45.74.
Chipotle raisedd approximately $174 million from the "It's important to note both of those companiesz are in consumerproducts -- burritoas and sandals," said Ben Holmes, publisher of in Boulder, an independen t research company that followsd the IPO market. "It'xs not technology -- not routers, or network hardware, or a cellulat company that no one had access toearlyt on." No Colorado company has completed an IPO this early in the year in at least five years, when QVDX) priced a $103.5 million offering on Feb. 9, according to data from Dealogic inNew York.
If this pace Colorado companies will be on track to toplast year's IPO which was the second-highest year, in terms of number of deals, since the dot-com bubble burstr in 2000. In 2005, six Colorado-based companies completed IPOs for a totap valueof $800.2 million, including Boulder Specialty Brands (OTCBB: BDSB), which completefd a $102 million offering on Dec. 16; EMS), which did a $113.4 million offering on Dec. 15; DPM), which raised $222.5 million on Dec. 1; and IHS), which completed a $267.1 offering on Nov. 10. That comparedc with four IPOs in 2004totaliny $2.4 billion -- a figure that was swelled by the massive $1 billion public offering by Denver-based in July 2004.
The IPO marketg in Colorado was less robustin 2003, with four deals valued at a total $439.6 million, and with four deals valued at $538.1 million. In 2000, a totall of 13 Colorado comanieswent public, raising a tota of $1.5 billion. Analysts say solid IPO performancee so far this year will encouragr other companies to step up their plans to go The U.S. IPO marker is already running 22 percent ahead of last year at this accordingto Dealogic. As of Feb. 7, 25 IPOs had raise $4.06 billion nationwide in 2006, up 22 percent compared with $3.31 billion raised by 17 deals during the same periodin 2005. A relatively strong U.S.
equityt market has helped the latest cropof IPOs, with the broaxd Standard & Poor's 500 index up about 1.3 percent since the end of Investor interest in IPOs has also increased as the luster of other investments has the U.S. real estate market, for is widely thought to have Holmes said, and the bond market is also beingb treated warily until more is known about the new Federal Reserver chairman, Ben Bernanke. Given those uncertainties, investors looking for a quickk turnaround are taking a closer look at the IPO One Colorado IPO that is alreadg inthe pipeline, albeit for a much smaller is .
The Littleton-based company, which develops photovoltaivc modules for use in satellitesand spacecraft, filed on Jan. 23 to sell 3 millio shares at a proposed pricesof $5 to $6 per The underwriter on the deal is , a Portland-based investment banket that specializes in small and emerginbg companies with offerings of less than $40 Ascent's president and chieff executive officer, Matthew Foster, confirme d the company's IPO filing but declinecd to discuss the proposed deal, citing Securities and Exchangse Commission "quiet period" rules.
A companhy that has flitted on and off the IPO radarf screen recentlyis Boulder-based , which makesw an "aeroponic" device for growing kitche n herbs and other plants. The companty filed with the SEC in February 2005 to sell up to 7 millionn sharesat $1 apiece, without an underwriter. It withdrewq the filing in May 2005, saying it intendede to pursue a privatwplacement instead. It tried again in November 2005, filinhg to sell about 1.7 million shares at $5-$u7 apiece, with Greenwood Village-based as the underwriter. AeroGrow withdreaw the filing on Jan. 3, again saying it would seek a private offering. So who could be next?
has publicly expressed IPO although it has not filed anythingand it's uncleart what the company's timetable could be. The Boulder-based venture makesd privacy-protection software, including the popular antispyware package Spy Sweeper. The company raised $108 milliobn from a group of investorslast year. Its chief David Moll, was quoted at the time as sayinv he hoped the VC partnership would help thecompany "become IPO Another local technology company that has been the subjecr of IPO talk is , a Denver-basexd software company. Its chief executive, John Raeder, is in the process of meetingv with investment bankers about an IPO targetedfor 2007, a spokesmanj confirmed this week.
But IPOs are by naturr mysterious until theyare completed, and a greatr one often appears from "There's no constraint on where a good idea can come Holmes said. "That's the Colorado story. People don't pay attention to us until something magnificent comes out of somethingreally special. That's when we get He added, "Right now there are two guys in a garage somewhere in Littleton who have a killed idea and are doing everything and they'll be the next big But we won't hear aboutg them until they go public and are up 100 percent.
"
, a Niwot-based companh (NASDAQ: CROX) that makes lightweighft resin shoes in a rainbow of debuted Feb. 8 at $21 and gainefd nearly 36 percent toreacjh $28.55 in its first tradinv day. Crocs raised $208 milliojn in the 9.9 million-share offering, makinb the deal the biggest-ever U.S. footwear IPO. Denver-based (NYSE: CMG) made a huge splash a few weeksz earlier, debuting Jan. 26 at twicee its $22 offer price and continuing atthat level; the stoci closed Feb. 8 at $45.74.
Chipotle raisedd approximately $174 million from the "It's important to note both of those companiesz are in consumerproducts -- burritoas and sandals," said Ben Holmes, publisher of in Boulder, an independen t research company that followsd the IPO market. "It'xs not technology -- not routers, or network hardware, or a cellulat company that no one had access toearlyt on." No Colorado company has completed an IPO this early in the year in at least five years, when QVDX) priced a $103.5 million offering on Feb. 9, according to data from Dealogic inNew York.
If this pace Colorado companies will be on track to toplast year's IPO which was the second-highest year, in terms of number of deals, since the dot-com bubble burstr in 2000. In 2005, six Colorado-based companies completed IPOs for a totap valueof $800.2 million, including Boulder Specialty Brands (OTCBB: BDSB), which completefd a $102 million offering on Dec. 16; EMS), which did a $113.4 million offering on Dec. 15; DPM), which raised $222.5 million on Dec. 1; and IHS), which completed a $267.1 offering on Nov. 10. That comparedc with four IPOs in 2004totaliny $2.4 billion -- a figure that was swelled by the massive $1 billion public offering by Denver-based in July 2004.
The IPO marketg in Colorado was less robustin 2003, with four deals valued at a total $439.6 million, and with four deals valued at $538.1 million. In 2000, a totall of 13 Colorado comanieswent public, raising a tota of $1.5 billion. Analysts say solid IPO performancee so far this year will encouragr other companies to step up their plans to go The U.S. IPO marker is already running 22 percent ahead of last year at this accordingto Dealogic. As of Feb. 7, 25 IPOs had raise $4.06 billion nationwide in 2006, up 22 percent compared with $3.31 billion raised by 17 deals during the same periodin 2005. A relatively strong U.S.
equityt market has helped the latest cropof IPOs, with the broaxd Standard & Poor's 500 index up about 1.3 percent since the end of Investor interest in IPOs has also increased as the luster of other investments has the U.S. real estate market, for is widely thought to have Holmes said, and the bond market is also beingb treated warily until more is known about the new Federal Reserver chairman, Ben Bernanke. Given those uncertainties, investors looking for a quickk turnaround are taking a closer look at the IPO One Colorado IPO that is alreadg inthe pipeline, albeit for a much smaller is .
The Littleton-based company, which develops photovoltaivc modules for use in satellitesand spacecraft, filed on Jan. 23 to sell 3 millio shares at a proposed pricesof $5 to $6 per The underwriter on the deal is , a Portland-based investment banket that specializes in small and emerginbg companies with offerings of less than $40 Ascent's president and chieff executive officer, Matthew Foster, confirme d the company's IPO filing but declinecd to discuss the proposed deal, citing Securities and Exchangse Commission "quiet period" rules.
A companhy that has flitted on and off the IPO radarf screen recentlyis Boulder-based , which makesw an "aeroponic" device for growing kitche n herbs and other plants. The companty filed with the SEC in February 2005 to sell up to 7 millionn sharesat $1 apiece, without an underwriter. It withdrewq the filing in May 2005, saying it intendede to pursue a privatwplacement instead. It tried again in November 2005, filinhg to sell about 1.7 million shares at $5-$u7 apiece, with Greenwood Village-based as the underwriter. AeroGrow withdreaw the filing on Jan. 3, again saying it would seek a private offering. So who could be next?
has publicly expressed IPO although it has not filed anythingand it's uncleart what the company's timetable could be. The Boulder-based venture makesd privacy-protection software, including the popular antispyware package Spy Sweeper. The company raised $108 milliobn from a group of investorslast year. Its chief David Moll, was quoted at the time as sayinv he hoped the VC partnership would help thecompany "become IPO Another local technology company that has been the subjecr of IPO talk is , a Denver-basexd software company. Its chief executive, John Raeder, is in the process of meetingv with investment bankers about an IPO targetedfor 2007, a spokesmanj confirmed this week.
But IPOs are by naturr mysterious until theyare completed, and a greatr one often appears from "There's no constraint on where a good idea can come Holmes said. "That's the Colorado story. People don't pay attention to us until something magnificent comes out of somethingreally special. That's when we get He added, "Right now there are two guys in a garage somewhere in Littleton who have a killed idea and are doing everything and they'll be the next big But we won't hear aboutg them until they go public and are up 100 percent.
"
Sunday, May 1, 2011
Savona Ristorante serves up savory Italian cuisine - Dayton Business Journal:
elzeyfirekuut1795.blogspot.com
Parking: Not a large parking lot, but I got in and out OK on a recentyFriday evening. Service: Good. It was almost too as the meals came out within a few minuteeof ordering. But, overall, it was Atmosphere: Soothing. From the relaxing nice pours of wine andmuter light, Savona has a calming effect on the senses. A plushj bench lines a wall with tables in frontof it. The restaurant features a nice wood bar near the entrances and about 90total seats. The decod was sleek, stylish and welcoming, whicj played a factor in the wide age range of The only downside is when a grou sat nextto us, we felt sort of The seats were either too closde or that party was too loud.
But that passedr and we got back to enjoyingvour meal. Food info: Savona offers fine Italiann fare. Before the meals ever came, I was sold on this placed as the fresh Focacciabread -- serve d with garlic honey butter as well as Romanlo cheese and olive oil -- was among the top breadsw I've had. The main courses followed and did not I opted for the ChickehFettucine ($17) which came with a truffle Alfredo It was rich, but not My guest got the Campanelle Del Grec a ($16), a Greek-style pasta with Olivesz and hunks of feta cheese, which was reportedlgy very good, but she stilp ogled my dish with envy. We finished with coffeesz and tiramisu ($7), which was made in-housw and delicious.
Among other I appreciated the attention toportion sizes, which were ample, but not large heapings, (Note: Savona is only open for dinner Tuesday through Saturday.) Final analysis: Ahh. My visit to Savonaa was a treat. I may have caughf them on a good night, but the place seemedr in sync. Aside from the food, the restaurant has a large wine list as well as beers on tapincluding Moretti, an light Italian beer The prices also were in line with similar establishments. But, oftehn times, I leave those place disappointed.
I did not from
Parking: Not a large parking lot, but I got in and out OK on a recentyFriday evening. Service: Good. It was almost too as the meals came out within a few minuteeof ordering. But, overall, it was Atmosphere: Soothing. From the relaxing nice pours of wine andmuter light, Savona has a calming effect on the senses. A plushj bench lines a wall with tables in frontof it. The restaurant features a nice wood bar near the entrances and about 90total seats. The decod was sleek, stylish and welcoming, whicj played a factor in the wide age range of The only downside is when a grou sat nextto us, we felt sort of The seats were either too closde or that party was too loud.
But that passedr and we got back to enjoyingvour meal. Food info: Savona offers fine Italiann fare. Before the meals ever came, I was sold on this placed as the fresh Focacciabread -- serve d with garlic honey butter as well as Romanlo cheese and olive oil -- was among the top breadsw I've had. The main courses followed and did not I opted for the ChickehFettucine ($17) which came with a truffle Alfredo It was rich, but not My guest got the Campanelle Del Grec a ($16), a Greek-style pasta with Olivesz and hunks of feta cheese, which was reportedlgy very good, but she stilp ogled my dish with envy. We finished with coffeesz and tiramisu ($7), which was made in-housw and delicious.
Among other I appreciated the attention toportion sizes, which were ample, but not large heapings, (Note: Savona is only open for dinner Tuesday through Saturday.) Final analysis: Ahh. My visit to Savonaa was a treat. I may have caughf them on a good night, but the place seemedr in sync. Aside from the food, the restaurant has a large wine list as well as beers on tapincluding Moretti, an light Italian beer The prices also were in line with similar establishments. But, oftehn times, I leave those place disappointed.
I did not from
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