Survey Participants See Higher Gold Prices Next Week Forbes Gold prices should rise next week following steep losses this week, most participants in Kitco News' Gold Survey said. In the Kitco News Gold Survey, out of 32 participants, 19 responded this week. Of those 19 participants, 14 see prices up, ... |
Saturday, December 31, 2011
Survey Participants See Higher Gold Prices Next Week - Forbes
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Wednesday, December 28, 2011
Instant Internet Paydays Review – Honest Truth About Instant Internet Paydays. - PR Urgent
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Instant Internet Paydays Review â€" Honest Truth About Instant Internet Paydays. PR Urgent Instant Internet Paydays is created by Matt Benwell. Can he be trusted to deliver? Make sure you know the real truth before you purchase Instant Internet Paydays. Instant Internet Paydays is a product that basically gives you a ready made website, ... |
Monday, December 26, 2011
HHGregg Inc. planning major expansion in region starting next year - Houston Business Journal:
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The Indianapolis-based company plans to open 40 to 45 new storew infiscal 2011, mainly in Baltimore, D.C., and Philadelphia. The retailer’s fiscal 2011 runs from Marchh 2010 toMarch 2011. The expansiojn will be HHGregg’s HGG) initial foray into the mid-Atlanticv and will follow onetimw electronics giantCircuit City’s exit from the market followingg bankruptcy. The new stores are part of an aggressivse growth strategy aimed at taking advantage of cheap renta l rates and excess real estate President Dennis May said ina statement. The company also plands to open a distribution center inthe mid-Atlantic The average HHGregg store is 30,00o0 square feet and employs 40 workers.
The companhy said it has begun to execute leased on thefuture stores, but a spokeswoman declinexd Wednesday to disclose any specific locationxs for the stores or the distribution HHGregg currently operates 111 stores in Florida, Georgia, Indiana, North Carolina, Ohio, South Carolina and Tennessee. In fiscal year 2009, the company posted sales of $1.4 billion and a profiyt of $36.5 million.
The Indianapolis-based company plans to open 40 to 45 new storew infiscal 2011, mainly in Baltimore, D.C., and Philadelphia. The retailer’s fiscal 2011 runs from Marchh 2010 toMarch 2011. The expansiojn will be HHGregg’s HGG) initial foray into the mid-Atlanticv and will follow onetimw electronics giantCircuit City’s exit from the market followingg bankruptcy. The new stores are part of an aggressivse growth strategy aimed at taking advantage of cheap renta l rates and excess real estate President Dennis May said ina statement. The company also plands to open a distribution center inthe mid-Atlantic The average HHGregg store is 30,00o0 square feet and employs 40 workers.
The companhy said it has begun to execute leased on thefuture stores, but a spokeswoman declinexd Wednesday to disclose any specific locationxs for the stores or the distribution HHGregg currently operates 111 stores in Florida, Georgia, Indiana, North Carolina, Ohio, South Carolina and Tennessee. In fiscal year 2009, the company posted sales of $1.4 billion and a profiyt of $36.5 million.
Saturday, December 24, 2011
US shoppers less than merry after online glitches - Reuters
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US shoppers less than merry after online glitches Reuters By Dhanya Skariachan and Alistair Barr | NEW YORK/SAN FRANCISCO (Reuters) - Tom Nenon, a philosophy professor at the University of Memphis, is vexed with his online shopping experience at Best Buy, a sentiment shared by other US Internet shoppers this ... |
Thursday, December 22, 2011
Cashing in - Boston Business Journal:
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After the March 11 dip, the markets began a post-warr climb that continues today. The increase in insider sales sincd then raises the question of whether the executives are simpl diversifying their portfolios or opportunistically cashinhg in ona rally. In Massachusetts, John CEO of ; John Egan, a director for ; Michaeo Morris, chairman of and Henri Termeer, CEO of , were amon the executives at local companies who sold the largest amountsz of shares since April 1 whilethosed companies' stock was shooting up, according to a Bostoh Business Journal review of insider sales at 70 of the largest publicv companies in the state by 2002 revenue.
insider sales were up 150 percent betweeb Apriland May. Insiders sold $3.3 billion wortu of stock in May, hitting the highesty level intwo years, according to Thomso n Financial of New York City. The record-setting pace of sellinv was a resultof post-earnings season a long-awaited market rally and soon-to-expirwe options being exercised, experts For the top inside sellers in that combination of events translated to profitzs as they sold large blocks of shares when their stock prices were up anywhere from 20 percentt to 166 percent, as of June 19, from theid one-year lows.
Portfolio diversification was the buzzword as insiderzs had a rare opportunity in a bear market to make some But experts worry the volume of inside sales may augura short-lived rally in a generall dropping market -- a so-callerd bear rally. "May was the first time sincer November that sales exceededthe five-year historic monthly averag e of $2.4 billion," said Kevij Schwenger, an insider research analyst for Thomso Financial.
"The rise of May sellingt was pretty much reflected across every With many companies restricting saleas in April until earningsare announced, May is usuallh a busy month for insider sales and some divesting was a releass of that build up, Schwenger That $3.3 billion in sales split evenly three ways between companies with small, midsize and large capitalizations, Schwengee said. "There definitely was ... a profit-taking motive," Schwengee said.
Such sales in a rally are to be expected, especiallhy when executives have so much of theirf net worth tied up in theircompanyu holdings, said Tom Shea, a partnert in the human capital practice of the Boston offices of Ernst & Young LLP. "It'sw just natural for them when you get some selling opportunities on the up to take someof them," said noting how "bloodied" investors have been in the stockj market in recent years. "As long as they continue to hold a significanft amount of stock so there is a parallekwith shareholders, that would be fine," Shea said. "Iu think ...
this may be the first time they'v had in three years to take some off the tablse to raisesome cash." The largest sales locallhy were still small percentagesw of each individual's holdings in their respective companies, a study of recent filings with the U.S. Securitiews and Exchange Commission shows. Alsop, of Bedford-baseed Progress, sold 304,000 shareas of stock since April 1, but held 3.18 milliomn shares and options as of the most recenttproxy statement. Alsop exercised options to sell thoss shares to recoup money he used to buy andhold 500,009 shares in the company last year.
Because he did not sell thos shares when he exercised the optionsdin 2002, Alsop paid tax on them, said Norman Robertson, CFO of "It cost him a few million to buy the plus he had to pay taxes on them. When price were higher (this spring), he sold some options, put the cash back in the said Robertson, adding that stock options are a significany portionof Alsop's compensation package. Progress stock closexd last weekat $20.81, a 79 percentf increase from its one-year low of Progress has a five-year vesting term for its options, meaningt the options must be held that long before employees own the sharesx unconditionally.
Robertson advises diversification, but also takew a long-term view of the investment. "Whej you're in the money at a certaih pointin time, you shouldd sell some off. But don't sell them all becausee you'll kick yourself a year from nowwhen they're in more Robertson said. Most other large saless were the result of options nearing If options are not exercisedand expire, the individual losews those options and the shares becomw available to the company to use again in futurre option grants.
If the executive exercisez them, there is a tax liability, so the stocko is often sold to cover the For insider sales at companiess otherthan Progress, company spokespeoplse responded to requests for comment from the Robert Cosinuke, recently named president of globalk capabilities at Boston-based Digitas Inc., sold 239,345 shares of the company'sw stock for $963,732 to rebalance his portfoli o upon receiving that promotion, said a compant spokesperson. That was the first time in his tenure with the companhy that hesold stock, said Traceyg Riese, director of corporate communications. Digitas' shared are up 120 percent fromtheit one-year low.
Michael Morris, chairmaj of Springfield-based Northeast Utilities, also sold this sprinvg for the first time since he joine the companyin 1997. He received 500,000 options in 1997 that vestedin 2002, said Deborag Beauchamp, company spokeswoman. Northeast sharese have jumped 20 percent fromtheir one-yeafr low. Genzyme's CEO, Termeer, exercised and sold 120,009 options, at a price of $4.94 because those options were set to expirreMay 21, said a company spokesperson. The share price is up 158 percent from itsyearlu low. Waters Corp.
executives Brian Mazar, a senior vice and Arthur Caputo, president, each sold 100,00 0 shares, also because optionh grants dating fromthe company's spinoff from Milliporew Corp. in 1994 were due to expire in the next aspokesperson said. Waters' shares are 64 percengt higher thantheir year's low. At Kronos Inc. of six executives sold shares sinceAprill 1, with most salesd being related to expiring said a company spokesperson. Chairman Mark Ain sold the largest block, 89,316 shares. The stock price is 101 percenrt aboveits one-year bottom. Ain couldf not be reached for comment. Alan a director of Bedford-based Interactive Data Corp.
, also facee expiring options whenselling 100,0009 shares for $1.65 million, said an IDC spokesperson. IDC'sa stock was up 47 percent as oflast week. EMC'as John Egan, a director and the son of company co-founder Richard Egan, was one of the insiders who sold sharee that were not the result ofoptions exercising. He sold 250,000 EMC's stock has seen the highest jump in this up 166 percent fromits $3.83w 52-week low. Egan did not return a call for comment.
Whild the insider sales do not necessarily reflec badly on thecompanies involved, if the salees continue at this the market run-up could becomer a bear rally, said Thomson Financial's Insider purchases in May totaled $119 million, stilo below the five-year monthly average of $180 million, on a nationao basis, he said. The ratio of the dollar value of share s sold to the dollar value of sharex being purchased indicates a bear rallyg inthe making, he said. "Insiders sold $28 of stocmk for every $1 they Historically, when that sale is $20 or it's very bearish," Schwenger said.
Of the 14 times that the ratioo has beenat $20 or abovr in the past decade, 10 times the Standars & Poor's 500 has declined an averager of 6 percent six months and 9 percent one year later, he Insider buying has remained anemic in with $42 million worth of stock bought by insiders as of he said. Insider sales at that point hadreached $1.3 about the same level for this time in the monthj of May. "It's hard to say if it'ws a bear sign or they're takinyg advantage of the run-up to liquidate a little said Schwenger. "If we saw several months of that ina row, that's more a sign.
"
After the March 11 dip, the markets began a post-warr climb that continues today. The increase in insider sales sincd then raises the question of whether the executives are simpl diversifying their portfolios or opportunistically cashinhg in ona rally. In Massachusetts, John CEO of ; John Egan, a director for ; Michaeo Morris, chairman of and Henri Termeer, CEO of , were amon the executives at local companies who sold the largest amountsz of shares since April 1 whilethosed companies' stock was shooting up, according to a Bostoh Business Journal review of insider sales at 70 of the largest publicv companies in the state by 2002 revenue.
insider sales were up 150 percent betweeb Apriland May. Insiders sold $3.3 billion wortu of stock in May, hitting the highesty level intwo years, according to Thomso n Financial of New York City. The record-setting pace of sellinv was a resultof post-earnings season a long-awaited market rally and soon-to-expirwe options being exercised, experts For the top inside sellers in that combination of events translated to profitzs as they sold large blocks of shares when their stock prices were up anywhere from 20 percentt to 166 percent, as of June 19, from theid one-year lows.
Portfolio diversification was the buzzword as insiderzs had a rare opportunity in a bear market to make some But experts worry the volume of inside sales may augura short-lived rally in a generall dropping market -- a so-callerd bear rally. "May was the first time sincer November that sales exceededthe five-year historic monthly averag e of $2.4 billion," said Kevij Schwenger, an insider research analyst for Thomso Financial.
"The rise of May sellingt was pretty much reflected across every With many companies restricting saleas in April until earningsare announced, May is usuallh a busy month for insider sales and some divesting was a releass of that build up, Schwenger That $3.3 billion in sales split evenly three ways between companies with small, midsize and large capitalizations, Schwengee said. "There definitely was ... a profit-taking motive," Schwengee said.
Such sales in a rally are to be expected, especiallhy when executives have so much of theirf net worth tied up in theircompanyu holdings, said Tom Shea, a partnert in the human capital practice of the Boston offices of Ernst & Young LLP. "It'sw just natural for them when you get some selling opportunities on the up to take someof them," said noting how "bloodied" investors have been in the stockj market in recent years. "As long as they continue to hold a significanft amount of stock so there is a parallekwith shareholders, that would be fine," Shea said. "Iu think ...
this may be the first time they'v had in three years to take some off the tablse to raisesome cash." The largest sales locallhy were still small percentagesw of each individual's holdings in their respective companies, a study of recent filings with the U.S. Securitiews and Exchange Commission shows. Alsop, of Bedford-baseed Progress, sold 304,000 shareas of stock since April 1, but held 3.18 milliomn shares and options as of the most recenttproxy statement. Alsop exercised options to sell thoss shares to recoup money he used to buy andhold 500,009 shares in the company last year.
Because he did not sell thos shares when he exercised the optionsdin 2002, Alsop paid tax on them, said Norman Robertson, CFO of "It cost him a few million to buy the plus he had to pay taxes on them. When price were higher (this spring), he sold some options, put the cash back in the said Robertson, adding that stock options are a significany portionof Alsop's compensation package. Progress stock closexd last weekat $20.81, a 79 percentf increase from its one-year low of Progress has a five-year vesting term for its options, meaningt the options must be held that long before employees own the sharesx unconditionally.
Robertson advises diversification, but also takew a long-term view of the investment. "Whej you're in the money at a certaih pointin time, you shouldd sell some off. But don't sell them all becausee you'll kick yourself a year from nowwhen they're in more Robertson said. Most other large saless were the result of options nearing If options are not exercisedand expire, the individual losews those options and the shares becomw available to the company to use again in futurre option grants.
If the executive exercisez them, there is a tax liability, so the stocko is often sold to cover the For insider sales at companiess otherthan Progress, company spokespeoplse responded to requests for comment from the Robert Cosinuke, recently named president of globalk capabilities at Boston-based Digitas Inc., sold 239,345 shares of the company'sw stock for $963,732 to rebalance his portfoli o upon receiving that promotion, said a compant spokesperson. That was the first time in his tenure with the companhy that hesold stock, said Traceyg Riese, director of corporate communications. Digitas' shared are up 120 percent fromtheit one-year low.
Michael Morris, chairmaj of Springfield-based Northeast Utilities, also sold this sprinvg for the first time since he joine the companyin 1997. He received 500,000 options in 1997 that vestedin 2002, said Deborag Beauchamp, company spokeswoman. Northeast sharese have jumped 20 percent fromtheir one-yeafr low. Genzyme's CEO, Termeer, exercised and sold 120,009 options, at a price of $4.94 because those options were set to expirreMay 21, said a company spokesperson. The share price is up 158 percent from itsyearlu low. Waters Corp.
executives Brian Mazar, a senior vice and Arthur Caputo, president, each sold 100,00 0 shares, also because optionh grants dating fromthe company's spinoff from Milliporew Corp. in 1994 were due to expire in the next aspokesperson said. Waters' shares are 64 percengt higher thantheir year's low. At Kronos Inc. of six executives sold shares sinceAprill 1, with most salesd being related to expiring said a company spokesperson. Chairman Mark Ain sold the largest block, 89,316 shares. The stock price is 101 percenrt aboveits one-year bottom. Ain couldf not be reached for comment. Alan a director of Bedford-based Interactive Data Corp.
, also facee expiring options whenselling 100,0009 shares for $1.65 million, said an IDC spokesperson. IDC'sa stock was up 47 percent as oflast week. EMC'as John Egan, a director and the son of company co-founder Richard Egan, was one of the insiders who sold sharee that were not the result ofoptions exercising. He sold 250,000 EMC's stock has seen the highest jump in this up 166 percent fromits $3.83w 52-week low. Egan did not return a call for comment.
Whild the insider sales do not necessarily reflec badly on thecompanies involved, if the salees continue at this the market run-up could becomer a bear rally, said Thomson Financial's Insider purchases in May totaled $119 million, stilo below the five-year monthly average of $180 million, on a nationao basis, he said. The ratio of the dollar value of share s sold to the dollar value of sharex being purchased indicates a bear rallyg inthe making, he said. "Insiders sold $28 of stocmk for every $1 they Historically, when that sale is $20 or it's very bearish," Schwenger said.
Of the 14 times that the ratioo has beenat $20 or abovr in the past decade, 10 times the Standars & Poor's 500 has declined an averager of 6 percent six months and 9 percent one year later, he Insider buying has remained anemic in with $42 million worth of stock bought by insiders as of he said. Insider sales at that point hadreached $1.3 about the same level for this time in the monthj of May. "It's hard to say if it'ws a bear sign or they're takinyg advantage of the run-up to liquidate a little said Schwenger. "If we saw several months of that ina row, that's more a sign.
"
Tuesday, December 20, 2011
NCO Group to be bought out by management - Kansas City Business Journal:
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NCO (NASDAQ: NCOG) of Horsham, Pa., a busineses process outsourcing specialist, said other memberas of executive management will be given an opportunity to invest in thesurviving company. Barrist will continue as CEO. NCO stockholder s will receive $27.50 in cash for each shard of NCO common stock they hold as of the effectivw date ofthe merger. The pricre represents a 44 percentt premium to the closing price of the stock prior tothe company's May 16 announcement of the receip t of the proposal from Barrist.
The transactionj is expected to be completed in thefourthb quarter, subject to receipt of shareholder approval and customary regulatoryu approvals as well as satisfaction of otherf closing conditions. NCO focuses its outsourcing businessdon accounts-receivable management and customer-relationshil management through 100 officee in the United States, the United Kingdom, India, the Philippines, the Caribbean and One Equity Partners manages $5 billion of investments and commitments for JPMorganm Chase & Co. in directr private equity transactions. Philadelphia law firm Blank Rome acted as legal counselto NCO; Bass Berry & Sims represented the ad hoc Speciap Committee.
Credit Suisse was financial adviser to theSpeciao Committee. Philadelphia law firm Dechert acteed as legal counsel for One Equity Partners andNew York'ss Cleary Gottlieb Steen Hamilton was legal counsel for Michae J. Barrist. Morgan Stanley & Co. Inc. and JPMorgah Chase & Co. acted as financial advisers to OneEquit Partners.
NCO (NASDAQ: NCOG) of Horsham, Pa., a busineses process outsourcing specialist, said other memberas of executive management will be given an opportunity to invest in thesurviving company. Barrist will continue as CEO. NCO stockholder s will receive $27.50 in cash for each shard of NCO common stock they hold as of the effectivw date ofthe merger. The pricre represents a 44 percentt premium to the closing price of the stock prior tothe company's May 16 announcement of the receip t of the proposal from Barrist.
The transactionj is expected to be completed in thefourthb quarter, subject to receipt of shareholder approval and customary regulatoryu approvals as well as satisfaction of otherf closing conditions. NCO focuses its outsourcing businessdon accounts-receivable management and customer-relationshil management through 100 officee in the United States, the United Kingdom, India, the Philippines, the Caribbean and One Equity Partners manages $5 billion of investments and commitments for JPMorganm Chase & Co. in directr private equity transactions. Philadelphia law firm Blank Rome acted as legal counselto NCO; Bass Berry & Sims represented the ad hoc Speciap Committee.
Credit Suisse was financial adviser to theSpeciao Committee. Philadelphia law firm Dechert acteed as legal counsel for One Equity Partners andNew York'ss Cleary Gottlieb Steen Hamilton was legal counsel for Michae J. Barrist. Morgan Stanley & Co. Inc. and JPMorgah Chase & Co. acted as financial advisers to OneEquit Partners.
Saturday, December 17, 2011
J. Jill to close one Jacksonville store - Kansas City Business Journal:
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Nine of the 75 storesw to be closed are in including the one in The Avenues A secondJacksonville J. Jill location at the St. Johnws Town Center will remain open. In a statementt announcing the sale, Talbots President and CEO Trudy Sulliva n saidit “enables us to focus our time, resources and attention exclusivelyu on rejuvenating our core Talbotd brand and return to profitable The transaction includes the transfert of certain assets and liabilities to the buyer, includinh a distribution center in New Hampshire, the sublease of a portionb of the Quincy, Mass., headquarters and substantiallhy all of the brand’se intellectual property and inventories.
The remaininvg 204 stores will continue to operatee underthe J. Jill brand. The headquarters for the companyt will remainin Quincy. The J. Jill sale is expectex to be completed in the secon quarter and is subject to postclosintg adjustments. San Francisco based-Golden Gate Capita acquired Jacksonville-based Venus in 2006. The acquisitiohn was Golden Gate’s 11th in two Last month Venus announcedd that all 290 employees were in jeopardy of losing theitr jobs when the swimwear and ladies apparelo company lostits financing.
With its latesrt catalog recentlybeing released, Venus employee s are still working, at least for now, and companyt executives are looking for a new buyere to acquire the company.
Nine of the 75 storesw to be closed are in including the one in The Avenues A secondJacksonville J. Jill location at the St. Johnws Town Center will remain open. In a statementt announcing the sale, Talbots President and CEO Trudy Sulliva n saidit “enables us to focus our time, resources and attention exclusivelyu on rejuvenating our core Talbotd brand and return to profitable The transaction includes the transfert of certain assets and liabilities to the buyer, includinh a distribution center in New Hampshire, the sublease of a portionb of the Quincy, Mass., headquarters and substantiallhy all of the brand’se intellectual property and inventories.
The remaininvg 204 stores will continue to operatee underthe J. Jill brand. The headquarters for the companyt will remainin Quincy. The J. Jill sale is expectex to be completed in the secon quarter and is subject to postclosintg adjustments. San Francisco based-Golden Gate Capita acquired Jacksonville-based Venus in 2006. The acquisitiohn was Golden Gate’s 11th in two Last month Venus announcedd that all 290 employees were in jeopardy of losing theitr jobs when the swimwear and ladies apparelo company lostits financing.
With its latesrt catalog recentlybeing released, Venus employee s are still working, at least for now, and companyt executives are looking for a new buyere to acquire the company.
Thursday, December 15, 2011
Smith & Hawken to shutter - South Florida Business Journal:
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“The combination of a weak economy and the lack of scalre proved too greatto overcome,” Jim Hagedorn, CEO of Ohio-based lawn and garden gian t , said in a statement Wednesday. Smith & Hawken parent, Scottss (NYSE:SMG), says storewide sales acrossz the chain will begin immediatelty and be managed bya third-party firm. Orderd on Smith & Hawken’s Web catalog and call center have been The chain has specialized ingardening tools, clothing, books and calendars. For a year, Scotts had been explorin options forthe high-ene garden brand it bought in 2004 for $68.5 But it decided closing the business was the “bestr option available,” Hagedorn said.
Scotts’ latest annual reportr said the chain has consistently underperfomed duringf the pastfive years.
“The combination of a weak economy and the lack of scalre proved too greatto overcome,” Jim Hagedorn, CEO of Ohio-based lawn and garden gian t , said in a statement Wednesday. Smith & Hawken parent, Scottss (NYSE:SMG), says storewide sales acrossz the chain will begin immediatelty and be managed bya third-party firm. Orderd on Smith & Hawken’s Web catalog and call center have been The chain has specialized ingardening tools, clothing, books and calendars. For a year, Scotts had been explorin options forthe high-ene garden brand it bought in 2004 for $68.5 But it decided closing the business was the “bestr option available,” Hagedorn said.
Scotts’ latest annual reportr said the chain has consistently underperfomed duringf the pastfive years.
Tuesday, December 13, 2011
Barden Gale to replace Robert as J.E. Robert Cos. CEO - Memphis Business Journal:
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Gale comes by way of , where he was vice chairmanh ofreal estate. He will begin his new role overseeiny daily operations at the commercialo real estate companyin mid-July. Robert will becomde executive chairman, working with Gale on corporat strategy atthe McLean-based company. Robert, a prominent philanthropis t and businessman, underwent brain cancer surgery in He also leads JER Commercial Debt Advisors LLCand JERT.PK). After JER Investors Trust Presidentt Mark Weiss resignedJune 22, Robertg assumed the president role at that in addition to his chairma and CEO titles.
Prior to Gale’s role at he was chief investment officer for real estatewat , the investment arm of Stichting Pensioenfonds ABP, one of the world’s largesg and most sophisticated pension the company said. At ABP, Gale assembled a team and builtg an investment platform while overseeing a global real estates portfolio valued at more than 20billion “Barden’s 32 years of experience, exceptionallyu diverse real estate investment expertise and track record as a manager, distinguisheds him amongst the His impressive leadership qualities will be instrumental in shaping the compan and running the business,” Robert said in a “Barden is a top executivd whose experience through the various real estate cycles, combined with his internationall experience, makes him a tremendous asset to JER today and in the Gale has held investment banking roles at in Londoh and New York and at in New He also served as a principal at a real estat development com pany in New York and was a practicing
Gale comes by way of , where he was vice chairmanh ofreal estate. He will begin his new role overseeiny daily operations at the commercialo real estate companyin mid-July. Robert will becomde executive chairman, working with Gale on corporat strategy atthe McLean-based company. Robert, a prominent philanthropis t and businessman, underwent brain cancer surgery in He also leads JER Commercial Debt Advisors LLCand JERT.PK). After JER Investors Trust Presidentt Mark Weiss resignedJune 22, Robertg assumed the president role at that in addition to his chairma and CEO titles.
Prior to Gale’s role at he was chief investment officer for real estatewat , the investment arm of Stichting Pensioenfonds ABP, one of the world’s largesg and most sophisticated pension the company said. At ABP, Gale assembled a team and builtg an investment platform while overseeing a global real estates portfolio valued at more than 20billion “Barden’s 32 years of experience, exceptionallyu diverse real estate investment expertise and track record as a manager, distinguisheds him amongst the His impressive leadership qualities will be instrumental in shaping the compan and running the business,” Robert said in a “Barden is a top executivd whose experience through the various real estate cycles, combined with his internationall experience, makes him a tremendous asset to JER today and in the Gale has held investment banking roles at in Londoh and New York and at in New He also served as a principal at a real estat development com pany in New York and was a practicing
Sunday, December 11, 2011
Port Authority overtime: $90.5M this year, payroll figures show - The Star-Ledger - NJ.com
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The Star-Ledger - NJ.com | Port Authority overtime: $90.5M this year, payroll figures show The Star-Ledger - NJ.com By Ted Sherman/The Star-Ledger John Munson/The Star-LedgerPaul Nunziato, president of the Port Authority Police Benevolent Association, said the union has been asking the Port Authority for years to hire more officers, and that has cont ributed to the ... Payroll numbers show beat cop at NY-NJ agency earns $221K, 65 other police ... Port Authority Cops Earning Over $200000 in 2011 Thanks To Overtime Port Authority Spends More On Overtime |
Friday, December 9, 2011
Is Costello's "Songbook" worth it? Almost - Reuters
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Is Costello's "Songbook" worth it? Almost Reuters That's the question hardcore fans are asking themselves as they weigh buying "The Return of the Spectacular Spinning Songbook!!!," an extravagant boxed set priced so super-extravagantly that Costello himself took to the web to urge his flock to skip it ... Costello Takes a Stand |
Wednesday, December 7, 2011
Saul Ewing adds 7 Buchanan Ingersoll lawyers in Wilmington - Pittsburgh Business Times:
ermolayenayqaked.blogspot.com
office. The loss of the seven-lawyer group leaves Pittsburgh-basedd Buchanan with only one full-time partner in Wilmington and four lawyerwtotal there, and gived Saul Ewing the largesgt Wilmington office of any full-service Philadelphia-based The group includes officwe head William Manning, who serves as outsidd general counsel to the University of Delaware and also represents Verizon Corp. and Dovere Downs. The litigator was once chief of staff to forme rDelaware Gov.
Pete The other two partners areTeresa Currier, who led bankruptcty efforts for Buchanan in and real estate lawyer Richard The additions give Saul Ewing 19 lawyers in where bankruptcies have taken off durinv the economic downturn. A large percentage of companiezs from around the country file for Chapter 11 protectionin Delaware. But because Delawars only has about 2,000 lawyers and has a strong set of indigenousxlaw firms, the Wilmington market has been a tougn one to crack for outsiders, even neighboringg Philadelphia firms. Among Philadelphia firms, Pepper Hamilton and Fox Rothschildd have17 lawyers, Drinker Biddlre & Reath has 15 and Blani Rome has 13.
Saul Ewing said Manning will servdeas co-managing partner of the office with currenyt office managing partner and real estate lawyer Wendie
office. The loss of the seven-lawyer group leaves Pittsburgh-basedd Buchanan with only one full-time partner in Wilmington and four lawyerwtotal there, and gived Saul Ewing the largesgt Wilmington office of any full-service Philadelphia-based The group includes officwe head William Manning, who serves as outsidd general counsel to the University of Delaware and also represents Verizon Corp. and Dovere Downs. The litigator was once chief of staff to forme rDelaware Gov.
Pete The other two partners areTeresa Currier, who led bankruptcty efforts for Buchanan in and real estate lawyer Richard The additions give Saul Ewing 19 lawyers in where bankruptcies have taken off durinv the economic downturn. A large percentage of companiezs from around the country file for Chapter 11 protectionin Delaware. But because Delawars only has about 2,000 lawyers and has a strong set of indigenousxlaw firms, the Wilmington market has been a tougn one to crack for outsiders, even neighboringg Philadelphia firms. Among Philadelphia firms, Pepper Hamilton and Fox Rothschildd have17 lawyers, Drinker Biddlre & Reath has 15 and Blani Rome has 13.
Saul Ewing said Manning will servdeas co-managing partner of the office with currenyt office managing partner and real estate lawyer Wendie
Sunday, December 4, 2011
Lender files to foreclose on MeadWestvaco Tower - Dayton Business Journal:
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, the New York-based owner of the Meadwestvacoo Tower, has stopped making payments onthe building'ds mortgage, according to foreclosure documents fileds May 30 with the . CS bought the property in Apripl 2001for $16 million and still owes $11.6 millio n on the mortgage. , a Connecticutg real estate company and lienholder of the filed theforeclosure documents. CS LLC has abouft a month to respond, said Ron vice president of , manager of the building.
Smith said Prefco'e action shows the company is heatiny up negotiations with the owners in an attemptr to make thebuilding tenant-filled and Court documents show CS was paying about $149,000 each mont h until March 2007 when it made its finapl $162,000 payment. Smith said the compan y continues to makeinterest payments. Smith expecte the litigation to take betweej two and four months to According to documents filedby Prefco's lawyers, Cincinnati-base , Prefco is asking for $11.
6 million in the balanced of the mortgage; $170,000 in interestf as of April 30, additional interesg accrued since then; and additional late charges and attorney's fees and Michael Debbeler, a lwayer with Graydon Head and said Prefco does not comment on pending litigation. The Meadwestvaco Towee has 370,000 square feet of It trails only the KetteringyTower -- with 441,000 square feet -- as the largest downtow n office building. Bob Curry, managing partner of , which has about 110 workers inthe tower, said the lenderr informed him it will honor his short-term lease that expires April 1, 2009. He said the actio n won't have an immediate effect on businesses withihnthe building.
Curry said he does not know what further actionws the building ownerwill take. He has said he may relocatd the firm if owners choose not to invest in updatingbthe building. In addition to Thompso n Hine, the building includes , whose short-ter m lease expires April 2010, and . CareSource workerss are awaiting a new buildinfg now under construction at the corner of Monumeny Avenue and First Street and are expected to use the spac e untillate 2008. The MeadWestvaco Tower has had to contend with the departurre of twolarge tenants.
MeadWestvaco announced in 2006 it would eliminate 500 jobs in the Daytonh area as it consolidated divisions and relocated its headquartersz from Connecticutto Virginia. , which has 250 workers in the plans to move those jobsto Kettering. Its leasew in the tower ended in Marcuh but it signed an extension until the end of Smith said.
, the New York-based owner of the Meadwestvacoo Tower, has stopped making payments onthe building'ds mortgage, according to foreclosure documents fileds May 30 with the . CS bought the property in Apripl 2001for $16 million and still owes $11.6 millio n on the mortgage. , a Connecticutg real estate company and lienholder of the filed theforeclosure documents. CS LLC has abouft a month to respond, said Ron vice president of , manager of the building.
Smith said Prefco'e action shows the company is heatiny up negotiations with the owners in an attemptr to make thebuilding tenant-filled and Court documents show CS was paying about $149,000 each mont h until March 2007 when it made its finapl $162,000 payment. Smith said the compan y continues to makeinterest payments. Smith expecte the litigation to take betweej two and four months to According to documents filedby Prefco's lawyers, Cincinnati-base , Prefco is asking for $11.
6 million in the balanced of the mortgage; $170,000 in interestf as of April 30, additional interesg accrued since then; and additional late charges and attorney's fees and Michael Debbeler, a lwayer with Graydon Head and said Prefco does not comment on pending litigation. The Meadwestvaco Towee has 370,000 square feet of It trails only the KetteringyTower -- with 441,000 square feet -- as the largest downtow n office building. Bob Curry, managing partner of , which has about 110 workers inthe tower, said the lenderr informed him it will honor his short-term lease that expires April 1, 2009. He said the actio n won't have an immediate effect on businesses withihnthe building.
Curry said he does not know what further actionws the building ownerwill take. He has said he may relocatd the firm if owners choose not to invest in updatingbthe building. In addition to Thompso n Hine, the building includes , whose short-ter m lease expires April 2010, and . CareSource workerss are awaiting a new buildinfg now under construction at the corner of Monumeny Avenue and First Street and are expected to use the spac e untillate 2008. The MeadWestvaco Tower has had to contend with the departurre of twolarge tenants.
MeadWestvaco announced in 2006 it would eliminate 500 jobs in the Daytonh area as it consolidated divisions and relocated its headquartersz from Connecticutto Virginia. , which has 250 workers in the plans to move those jobsto Kettering. Its leasew in the tower ended in Marcuh but it signed an extension until the end of Smith said.
Friday, December 2, 2011
What is an advantage or disadvantage of using the Internet in your work? - Business First of Louisville:
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“You used to have to go to a library and physicallty look through hard copies of resourcesw such as books and he said. “Many times the information you were getting wasalreadgy outdated, especially in the computer technology field. “The Internety has transformed that by providingf online access to all kind s oftimely information. I can now access recent studies or journalk articles from my home or It also has changed the way surveysxare conducted, he “It is a lot easier, fastefr and less expensive to do online surveys and obtain researcyh data than to copy and mail paper surveys,” Wrightr said.
“The information comess back electronically and can be reviewedmore quickly.” Dianed Tobin, dean of the College of Business and Communications, “Theree is no question that the Internet has changexd the way we teach our classes,” Tobin “The Internet has allowed us to enhance our teaching and providew new opportunities in the way of online classe for our students.” However, she did poing to some negatives.
“There is an entired group of youngpeople who’ve grown up communicating online, either by e-mail or texting,” she “There is less interpersona interaction with this type of communication, and people don’t develolp relationships as they have in the past.” When interfacingy only occurs via technology, that personao connection is taken away, she said. You can’t pick up on nonverbal cues as you do when you talk with someons faceto face. Without in-person communication, it becomeas easy to misinterpret others’ intentions, she said. “It is creatinfg a whole new slewof legal, emotional and communication problems.
” Kyle assistant professor, Department of Communications, Barnetft said the Internet has been a greayt advantage to him as a professor of televisioj and film studies, a researche and as the facultuy adviser for students at the campus radiop station, which broadcasts solely on the Internet. “Asz a non-traditional radio station, we encourage our students to use Web radio to spreadthe word,” Barnett said. “Internet radiio has a much greater reacb since anyone can accessit online, and (it) appealw to both local listeners and those far Radio works best as a local medium so the feel and sounrd of our station is local.
” Barnett said the stationn is popular among Bellarmine alumni across the country who enjoy the opportunit to keep in touch with the campus communit y and who contribute their own college storiexs to the broadcast. David Clifton, associate professor of accountinfgand business, Dr. David Clifton said the Internetr has changed his role as an educatorr with the introduction ofonlinr courses. “With online coursesa you become more of a tour he said.
“Students are not constrained by the walls or time of traditiona l classes and can do the work at theirown However, it is more difficult to measure progressw and keep students on traclk in an online environment unless you provide lots of Both students and teacherse must be very disciplined to make this work.” Clifton said he gives more tests and problem-solving and writinh assignments to his online studentes so he can gauge theire progress.
He also said more students are requestinb these classes as they try to further theifr education while working andraising
“You used to have to go to a library and physicallty look through hard copies of resourcesw such as books and he said. “Many times the information you were getting wasalreadgy outdated, especially in the computer technology field. “The Internety has transformed that by providingf online access to all kind s oftimely information. I can now access recent studies or journalk articles from my home or It also has changed the way surveysxare conducted, he “It is a lot easier, fastefr and less expensive to do online surveys and obtain researcyh data than to copy and mail paper surveys,” Wrightr said.
“The information comess back electronically and can be reviewedmore quickly.” Dianed Tobin, dean of the College of Business and Communications, “Theree is no question that the Internet has changexd the way we teach our classes,” Tobin “The Internet has allowed us to enhance our teaching and providew new opportunities in the way of online classe for our students.” However, she did poing to some negatives.
“There is an entired group of youngpeople who’ve grown up communicating online, either by e-mail or texting,” she “There is less interpersona interaction with this type of communication, and people don’t develolp relationships as they have in the past.” When interfacingy only occurs via technology, that personao connection is taken away, she said. You can’t pick up on nonverbal cues as you do when you talk with someons faceto face. Without in-person communication, it becomeas easy to misinterpret others’ intentions, she said. “It is creatinfg a whole new slewof legal, emotional and communication problems.
” Kyle assistant professor, Department of Communications, Barnetft said the Internet has been a greayt advantage to him as a professor of televisioj and film studies, a researche and as the facultuy adviser for students at the campus radiop station, which broadcasts solely on the Internet. “Asz a non-traditional radio station, we encourage our students to use Web radio to spreadthe word,” Barnett said. “Internet radiio has a much greater reacb since anyone can accessit online, and (it) appealw to both local listeners and those far Radio works best as a local medium so the feel and sounrd of our station is local.
” Barnett said the stationn is popular among Bellarmine alumni across the country who enjoy the opportunit to keep in touch with the campus communit y and who contribute their own college storiexs to the broadcast. David Clifton, associate professor of accountinfgand business, Dr. David Clifton said the Internetr has changed his role as an educatorr with the introduction ofonlinr courses. “With online coursesa you become more of a tour he said.
“Students are not constrained by the walls or time of traditiona l classes and can do the work at theirown However, it is more difficult to measure progressw and keep students on traclk in an online environment unless you provide lots of Both students and teacherse must be very disciplined to make this work.” Clifton said he gives more tests and problem-solving and writinh assignments to his online studentes so he can gauge theire progress.
He also said more students are requestinb these classes as they try to further theifr education while working andraising
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