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A GM filing for Chapter 11 bankruptcyprotectiobn — a step taken by in Apripl and in October 2005 — is widely expectede by June 1. “j don’t know all the details but I woulsd expect General Motors to go right up to the saidGarry Graber, a lawyer with who specializes in business bankruptcies. Chapter 11 would allowe GM to continue operating, but would protect it from creditors by allowing itto cancel, with bankruptcy court approval, many of its financiapl obligations, said Graber, a partner in the Buffalo firm’s restructuring and commercial litigation practice group, For Delphi and its Delphii Thermal Systems in Lockport, this might be one more high hurdle for the GM suppliert which has been struggling to emerge from bankruptcy for more than three-and-a-halrf years.
A GM Chapter 11 coulx allow the automaker to cancel whatever financia obligations it had to Delphi and itsother suppliers. Under some circumstances, not yet clear, GM’s obligation to fund a portiohnof Delphi’s employee pension and health insurance costss also could be canceled. “I’m not necessarily saying GM wouldx not honortheir obligations,” Graber said, “but if they Delphi would have the same status as any othedr claimant against GM, probably as an unsecured Any canceled agreements — including a range of invoices, lease and contracts — would be subjecr to renegotiation, he said.
What is unclea r is whether someof Delphi’s GM-backe legacy obligations have been on the table in negotiations betweehn Delphi and the union and Delphii and GM, its parent until 1999 when the company was spun off. A Generak Motors operating under Chapter 11 might possibly also affecft an agreement reported Tuesday by GM to purchases fiveDelphi plants, includingg the Lockport facility that makes automotivew heating, cooling and air conditioning systems and components. Genera Motors edged closer to bankruptcyy Wednesday with the announcement that it has failed to persuadd enough creditors to accept a 10 percenf stake inthe 101-year-old compan in place of thei r $27 billion in debt.
GM said its board will meet to decid e its next step ahead ofthe government-imposee June 1 deadline to produce a plan that wouldf show that it can survivde without a bankruptcy filing. United Auto Workers leadera representing union members at General Motors facilities acros s the country on Tuesday voted unanimously to recommend for ratificatiobn a new settlement agreementf that modifies the2007 UAW-GM national agreement as well as changesz to the Voluntary Employee Beneficiaryh Association (VEBA) trust for retiree health care. Detailw are being withheld pending A vote by UAW members is schedulefthis week. At GM’zs Tonawanda engine plant, hourly workers will vote Thursday from7 a.m.
to 7 p.m. at the UAW Loca l 774 union hall. The contracrt revisions are considered vital to helpingf keep GM outof bankruptcy. In Canada, it was announcecd Monday thatabout 7,500 Canadian Auto Workers uniohn members at GM plants in St. Oshawa, Windsor and Woodstock, Ont., voted 86 percent in favor of a new collective agreement inratifying it.
Wednesday, May 30, 2012
Tuesday, May 29, 2012
¿Buscas una beca? Ten en cuenta estos consejos para tener éxito - El Comercio.pe
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¿Buscas una beca? Ten en cuenta estos consejos para tener éxito El Comercio.pe Según explica Marushka Chocobar, gerente general del Instituto Peruano de Fomento Educativo (IPFE), 9en principio es adecuado determinar lo que se busca* asà como identificar el rubro académico en el cual la persona desea insertarse durante su ... |
Sunday, May 27, 2012
China Industrial Companies' Profits Decline as Economy Slows - San Francisco Chronicle
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China Industrial Companies' Profits Decline as Economy Slows San Francisco Chronicle Earnings declined 2.2 percent from a year earlier to 407.6 billion yuan ($64.2 billion), the National Bureau of Statistics said on its website yesterday. That compared with a 4.5 percent gain in March. The deceleration in corporate profit growth ... Major industrial firm' profits drop 1.6% China In dustrial Profits Decline In April China Jan-April industrial profits down 1.6 percent year/year |
Saturday, May 26, 2012
Learning how to deal with concussions is part of the game - Sun-Sentinel
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Learning how to deal with concussions is part of the game Sun-Sentinel By Christy Cabrera Chirinos, Sun Sentinel With more than 60 million children playing sports, according to the National Council of Youth Sports, there are bound to be injuries, particularly head injuries. One of the biggest issues becomes managing and ... |
Thursday, May 24, 2012
Pep departure ends cycle at Barca, says Cruyff - Yahoo! Sports
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NEWS.com.au | Pep departure ends cycle at Barca, says Cruyff Yahoo! Sports Former Barcelona legend Johan Cruyff says the Catalan club will see the end of a cycle when Pep Guardiola coaches them for the last time in the King's Cup final on Friday. "With Guardiola, one cycle ends and another begins, and I don't mean it in a ... Pique saddene d by Pep Guardiola's imminent departure Guardiola calms waters ahead of Cup final and exit Guardiola aims to end Barcelona reign with cup win |
Wednesday, May 23, 2012
Lingle orders unpaid days off for workers - Pacific Business News (Honolulu):
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In an address broadcast from the State Lingle also said she would scale back free Medicaifd benefitsto low-income adults and said the statew would delay paying some of its larger bill s until July. The governor is also askin g the Judiciary, the Legislature, and the Office of Hawaiiann Affairs to implement equivalent furlough days or restric ttheir budgets. Hawaii law does not alloew ordering furloughs for the Department of the University of Hawaii or the Hawaiui HealthSystems Corporation, but Lingle said their spendinyg will be restricted in an amount equivalen to the three-days-per-month furlough. The furloughs, whicg start July 1, amountr to about a 13.
8 percent pay cut, or aboutf $5,500 for a worked making $40,000 a year. As with layoffs, Lingle does not have to negotiate the furloughs with any of the unionsa representingstate workers. Lingle has said she doesn’t want to lay off workera because of the disruptive effecy of contract rules that would enabl senior workersto “bump” junior even if they worked in different statd agencies. The furloughs will save $688 million. Linglde said the savings are needed to close a gapof $730 milliob between now and June 30, 2011, as forecast by the state’s Council on Revenuea May 28. All told, Hawaii is expected to see tax revenue fallby $2.7 billioj over the next two years.
“If we do not implemenft the furlough plan, we would have to lay off up to 10,0000 employees to realize an equivalenty amountof savings,” Lingle said. The statee has about 46,000 workers, including 21,000o employees of the Departmentof Education. Lingle blamex the fiscal shortfall on the lingering rising unemployment, dropping visitor arrivals, a decline in privatre building permits, a doubling of foreclosures, and record bankruptcy The state Legislature ended its session last monthh by raising tax rates on hote l rooms, high-income earners, luxurg home transactions and tobacco to help meet the budgeft shortfall.
But Lingle, a Republican whoss vetoes of those measures were overridden bymajority Democrats, said she wouldf not ask for additional tax increases. She also rejectef calls for legalizing gambling. However, Linglre noted that 70 percentr of state operating funds go to labotr costs and that the stats had provided employee wage increase of between 16 and 29 percenr over the past fouryearxs “when our economy was thriving.
”
In an address broadcast from the State Lingle also said she would scale back free Medicaifd benefitsto low-income adults and said the statew would delay paying some of its larger bill s until July. The governor is also askin g the Judiciary, the Legislature, and the Office of Hawaiiann Affairs to implement equivalent furlough days or restric ttheir budgets. Hawaii law does not alloew ordering furloughs for the Department of the University of Hawaii or the Hawaiui HealthSystems Corporation, but Lingle said their spendinyg will be restricted in an amount equivalen to the three-days-per-month furlough. The furloughs, whicg start July 1, amountr to about a 13.
8 percent pay cut, or aboutf $5,500 for a worked making $40,000 a year. As with layoffs, Lingle does not have to negotiate the furloughs with any of the unionsa representingstate workers. Lingle has said she doesn’t want to lay off workera because of the disruptive effecy of contract rules that would enabl senior workersto “bump” junior even if they worked in different statd agencies. The furloughs will save $688 million. Linglde said the savings are needed to close a gapof $730 milliob between now and June 30, 2011, as forecast by the state’s Council on Revenuea May 28. All told, Hawaii is expected to see tax revenue fallby $2.7 billioj over the next two years.
“If we do not implemenft the furlough plan, we would have to lay off up to 10,0000 employees to realize an equivalenty amountof savings,” Lingle said. The statee has about 46,000 workers, including 21,000o employees of the Departmentof Education. Lingle blamex the fiscal shortfall on the lingering rising unemployment, dropping visitor arrivals, a decline in privatre building permits, a doubling of foreclosures, and record bankruptcy The state Legislature ended its session last monthh by raising tax rates on hote l rooms, high-income earners, luxurg home transactions and tobacco to help meet the budgeft shortfall.
But Lingle, a Republican whoss vetoes of those measures were overridden bymajority Democrats, said she wouldf not ask for additional tax increases. She also rejectef calls for legalizing gambling. However, Linglre noted that 70 percentr of state operating funds go to labotr costs and that the stats had provided employee wage increase of between 16 and 29 percenr over the past fouryearxs “when our economy was thriving.
”
Monday, May 21, 2012
Tampa Museum of Art names Seth D. Pevnick curator - Houston Business Journal:
shemwellmygalej1291.blogspot.com
Pevnick is joining TMA from the at the Gettu Villain Malibu, Calif. He remains co-curatoe of its upcoming The Chimaerz ofArezzo exhibition, which opens in July. In his new Pevnick will design and oversee the installation of the permanent collection in the Barbara and Costas Lemonopoulows Greek andRoman Gallery. He also will organiz e and circulate Greek andRoman exhibitions, perfornm and publish research on the collection, and educatse the public on the museum’s antiquities Pevnick is a doctoral candidate in the Interdepartmental Graduat e Program of the Cotsen Institutew of Archaeology in Los He received a mastef of arts degree in archaeology at a master of arts degree in elementary educatiojn from in Los Angeles and a bachelor of arts in classical archaeology from in Hanover, N.
H., a release from TMA TMA’s new location remains unded construction at Curtis Hixon Waterfront Park in downtown Tampa. The 66,000-square-foot Cornelia Corbett Center building is set to open inearlt 2010. TMA’s interim facility is located onHowardf Avenue.
Pevnick is joining TMA from the at the Gettu Villain Malibu, Calif. He remains co-curatoe of its upcoming The Chimaerz ofArezzo exhibition, which opens in July. In his new Pevnick will design and oversee the installation of the permanent collection in the Barbara and Costas Lemonopoulows Greek andRoman Gallery. He also will organiz e and circulate Greek andRoman exhibitions, perfornm and publish research on the collection, and educatse the public on the museum’s antiquities Pevnick is a doctoral candidate in the Interdepartmental Graduat e Program of the Cotsen Institutew of Archaeology in Los He received a mastef of arts degree in archaeology at a master of arts degree in elementary educatiojn from in Los Angeles and a bachelor of arts in classical archaeology from in Hanover, N.
H., a release from TMA TMA’s new location remains unded construction at Curtis Hixon Waterfront Park in downtown Tampa. The 66,000-square-foot Cornelia Corbett Center building is set to open inearlt 2010. TMA’s interim facility is located onHowardf Avenue.
Sunday, May 20, 2012
eDiets.com, Inc. Company Profile | DIET Company Information
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eDiets.com, Inc. (NASDAQ:DIET) is a leading provider of onlin e weightloss services, information and products base in Fort Lauderdale, Florida. The company has over 100 full-timw employees and reported revenuesof $49 million in 2006. Millionsx of consumers each month visitthe company's flagship Web site, www.eDiets.com, which is Forbes.com'se "Best of the Web" in the diet and nutritioh category. Millions more are activ e in the company's email programs. eDiets.com's primary revenue streajm is the sale of subscriptions to personalizefd online diet and fitness since 1997over 2.5 million subscriptions have been eDiets.com offers over 20 plans includinh the eDiets.
com Weight Loss Plan, the Atkins Nutritiona ApproachTM, the Glycemic Impact Diet, the Slim-Fast OptimaTjM Diet and a range of Healthy Living plansa for those with special dietary needs. Questionnaires help member to choose the most suitable plan and then to personalizer it according to theirindividual preferences. In addition to its onlined plans, eDiets.com also offers eDiets DeliciouslyYours, a meal deliveruy service thatships freshly-prepared, nutritionally-balanced meals, snacks and dessertz directly to the doors of those seekinbg a convenient way to eat well and lose eDiets DeliciouslyYours was named Epicurious.com'as "Top Pick" among weight loss meal delivergy services. ...
eDiets.com, Inc. (NASDAQ:DIET) is a leading provider of onlin e weightloss services, information and products base in Fort Lauderdale, Florida. The company has over 100 full-timw employees and reported revenuesof $49 million in 2006. Millionsx of consumers each month visitthe company's flagship Web site, www.eDiets.com, which is Forbes.com'se "Best of the Web" in the diet and nutritioh category. Millions more are activ e in the company's email programs. eDiets.com's primary revenue streajm is the sale of subscriptions to personalizefd online diet and fitness since 1997over 2.5 million subscriptions have been eDiets.com offers over 20 plans includinh the eDiets.
com Weight Loss Plan, the Atkins Nutritiona ApproachTM, the Glycemic Impact Diet, the Slim-Fast OptimaTjM Diet and a range of Healthy Living plansa for those with special dietary needs. Questionnaires help member to choose the most suitable plan and then to personalizer it according to theirindividual preferences. In addition to its onlined plans, eDiets.com also offers eDiets DeliciouslyYours, a meal deliveruy service thatships freshly-prepared, nutritionally-balanced meals, snacks and dessertz directly to the doors of those seekinbg a convenient way to eat well and lose eDiets DeliciouslyYours was named Epicurious.com'as "Top Pick" among weight loss meal delivergy services. ...
Friday, May 18, 2012
Startup finds suite spot marketing sports to business - Silicon Valley / San Jose Business Journal:
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To solve the problem, Arledge turned to a familiar businesw model, resulting in Owner's Pass, a companyg that offers timeshares for luxury suites at professionaplsporting events. Now in its fourth the Los Altos-based startup has expanded into four markets and is gearing up for a broadetr expansion of up to five new marketsin 2008. In the the company plans to add up to 21 potentia l markets and more sportsincluding golf, NASCAR and collegiate-levepl sports. The company says national clients are asking for access to suite acrossthe country.
"We started with regional law realestate developers, tech companies and now that we'red in four or five we're starting to get nationa l companies saying: "I love what you did in the Bay Area and I want to expanr that and buy in all of your says Arledge, Owner's Pass CEO and founder. As memberz of Owner's Pass, clients can custom desigmn a package of suitesdfor hand-picked professional games and One package can include San Jose Sharks, San Franciscoo Giants, and Golden State Warriors suites and perhapsz a concert or the circuws offered at one of those for example.
But as part of Owner's planned expansion, members might also be able to includ e theKentucky Derby, The Final Four or the Super NASCAR racing or the Masters in the future. Owner'sx Pass is also looking at college sports and says it coulde expand into sports with smaller professional leagues like soccerand lacrosse. A packagw of games can be cheaper than buying a suitd or half a suite fora season, Arledgew says, which means smaller companies can afforsd to rent luxury suites. Venuez are very guarded about the cost oftheir suites. But Owner'sw Pass claims it lowers the entry pric of buying of a full seasoh luxury suites which gives opportunities to smalled companies tobuy in.
While many venuex offer single day packages that might be cheaper thanthe cost-per-game of Owner's Pass packages, the compang says membership includes VIP parking, premium cateringh and an open bar at each eveny at no extra chargew that Owner's Pass arranges. Plus Owner's Pass offerds flexibility in suite Members can exchange dates for luxury suites up to two weeksd prior toan event.
The company's cheapest packages stary at $22,000 for all the ticketsw in a box for four though price per game varies depending on venue and An example half membership includesa10 events: four baseball, three basketball, two hockey and one flex even such as a A full membership includes 20 events, for example, one NFL game, 10 baseball four basketball games, four hockey gamees and one flex event. The companty counts Silicon Valley Bank, Watson Wyatt Worldwide, Belkin and Tivo amon g its clients.
"In terms of customers, it really runs the gamut from smallp companies that aspire to entertain in luxuryg suitesbut haven't been able to afford it, to big companie s looking to make the most of thei entertainment spend," Arledge says. Luxury suitee are an increasingly important mechanism for venur financing and account for a large chunk ofvenu revenue. Most, if not all, stadiums have clauses in theidr contractsthat don't alloww luxury suite box owners to resell their boxew to someone else. The way Owner's Pass gets arounx this issue is that customers pay an annual fee for accessto Owner'sx Pass suites.
Owner's Pass buys the suite s or half a Arledge says some venues have expressec concernthat they'll lose their connectioh to their customer. But, he says, Owner's Pass is a high-value customer. "We have very high utilization rate compared to seasojn suite holders and our suites are used everyusingle night," Arledge says. "We buy a lot of extra parking, tickets and And then, kind of the extra benefit is, we're exposing the venue to a new set of potentia clients for companiesthat haven't bought full season suites in the past.
" That's all true, says Malcolj Bordelon, executive vice president for Silicon Valley Sports Entertainment which operates HP Pavilion, wherer Owner's Pass owns half of one "It works fine for us because we sell Bordelon says. "I think if we were in a situation where we had 10 or 15suites open, it may not be Owner's Pass has access to suites that a single business might not and allows businesses to entertain year-round instead of just durinfg the on-season of one It's management team includes CFO Lars Ahlstrom, who had workexd as a CFO for the American Basketballk League and other companies, and Anthongy Jones-DeBerry, who was formerly vice presidentr of premium seat sales for venue owner and operatore AEG Worldwide.
Owner's Pass says it estimates revenuesof $2.2 millioh this year. The company presented at an evenft by angel investing group Keiretsu Forujmin mid-November seeking $2 million in its seconcd round with a pre-money valuation of $9.5 Keiretsu members invested $1 million in the company in September 2006. The secone round of funding will allow the company to expand into new marketesand venues, hire more sales people in new and expand marketing efforts amongh other uses.
Owner's Pass owns or has agreementds with most major professional sports stadiumsx in major metropolitan areasin California, Illinois, New York and "This model works best in markets that have thres or more pro teams in Arledge says. It takes Owner'x Pass about two years to becomd profitable ineach market, Arledge says. And currentlg New York and Chicagoi haven't reached profitability.
To solve the problem, Arledge turned to a familiar businesw model, resulting in Owner's Pass, a companyg that offers timeshares for luxury suites at professionaplsporting events. Now in its fourth the Los Altos-based startup has expanded into four markets and is gearing up for a broadetr expansion of up to five new marketsin 2008. In the the company plans to add up to 21 potentia l markets and more sportsincluding golf, NASCAR and collegiate-levepl sports. The company says national clients are asking for access to suite acrossthe country.
"We started with regional law realestate developers, tech companies and now that we'red in four or five we're starting to get nationa l companies saying: "I love what you did in the Bay Area and I want to expanr that and buy in all of your says Arledge, Owner's Pass CEO and founder. As memberz of Owner's Pass, clients can custom desigmn a package of suitesdfor hand-picked professional games and One package can include San Jose Sharks, San Franciscoo Giants, and Golden State Warriors suites and perhapsz a concert or the circuws offered at one of those for example.
But as part of Owner's planned expansion, members might also be able to includ e theKentucky Derby, The Final Four or the Super NASCAR racing or the Masters in the future. Owner'sx Pass is also looking at college sports and says it coulde expand into sports with smaller professional leagues like soccerand lacrosse. A packagw of games can be cheaper than buying a suitd or half a suite fora season, Arledgew says, which means smaller companies can afforsd to rent luxury suites. Venuez are very guarded about the cost oftheir suites. But Owner'sw Pass claims it lowers the entry pric of buying of a full seasoh luxury suites which gives opportunities to smalled companies tobuy in.
While many venuex offer single day packages that might be cheaper thanthe cost-per-game of Owner's Pass packages, the compang says membership includes VIP parking, premium cateringh and an open bar at each eveny at no extra chargew that Owner's Pass arranges. Plus Owner's Pass offerds flexibility in suite Members can exchange dates for luxury suites up to two weeksd prior toan event.
The company's cheapest packages stary at $22,000 for all the ticketsw in a box for four though price per game varies depending on venue and An example half membership includesa10 events: four baseball, three basketball, two hockey and one flex even such as a A full membership includes 20 events, for example, one NFL game, 10 baseball four basketball games, four hockey gamees and one flex event. The companty counts Silicon Valley Bank, Watson Wyatt Worldwide, Belkin and Tivo amon g its clients.
"In terms of customers, it really runs the gamut from smallp companies that aspire to entertain in luxuryg suitesbut haven't been able to afford it, to big companie s looking to make the most of thei entertainment spend," Arledge says. Luxury suitee are an increasingly important mechanism for venur financing and account for a large chunk ofvenu revenue. Most, if not all, stadiums have clauses in theidr contractsthat don't alloww luxury suite box owners to resell their boxew to someone else. The way Owner's Pass gets arounx this issue is that customers pay an annual fee for accessto Owner'sx Pass suites.
Owner's Pass buys the suite s or half a Arledge says some venues have expressec concernthat they'll lose their connectioh to their customer. But, he says, Owner's Pass is a high-value customer. "We have very high utilization rate compared to seasojn suite holders and our suites are used everyusingle night," Arledge says. "We buy a lot of extra parking, tickets and And then, kind of the extra benefit is, we're exposing the venue to a new set of potentia clients for companiesthat haven't bought full season suites in the past.
" That's all true, says Malcolj Bordelon, executive vice president for Silicon Valley Sports Entertainment which operates HP Pavilion, wherer Owner's Pass owns half of one "It works fine for us because we sell Bordelon says. "I think if we were in a situation where we had 10 or 15suites open, it may not be Owner's Pass has access to suites that a single business might not and allows businesses to entertain year-round instead of just durinfg the on-season of one It's management team includes CFO Lars Ahlstrom, who had workexd as a CFO for the American Basketballk League and other companies, and Anthongy Jones-DeBerry, who was formerly vice presidentr of premium seat sales for venue owner and operatore AEG Worldwide.
Owner's Pass says it estimates revenuesof $2.2 millioh this year. The company presented at an evenft by angel investing group Keiretsu Forujmin mid-November seeking $2 million in its seconcd round with a pre-money valuation of $9.5 Keiretsu members invested $1 million in the company in September 2006. The secone round of funding will allow the company to expand into new marketesand venues, hire more sales people in new and expand marketing efforts amongh other uses.
Owner's Pass owns or has agreementds with most major professional sports stadiumsx in major metropolitan areasin California, Illinois, New York and "This model works best in markets that have thres or more pro teams in Arledge says. It takes Owner'x Pass about two years to becomd profitable ineach market, Arledge says. And currentlg New York and Chicagoi haven't reached profitability.
Thursday, May 17, 2012
Flag waving - St. Louis Business Journal:
haga-aa8xuq.blogspot.com
We wanted to write our first salute to Scott Air Force Base aroun the July 4th holidayu because the base symbolizes so much that is right in our regionm and inour nation. As St. Clair Count Chairman Mark Kern emphasizes, the base is a sourcs of great talent as well as a huge economic Who knewthe St. Louis Character storyy this week (page 8) would also featur Scott? Susan Baginski’s father was one of many who servec at the base andsettledd here. We certainly could not have predictedf the section on Scott and the big sale woulc coincide with the holiday issu e ofthe newspaper, yet the importance of one reinforced the other.
Again, it’s Mark Kern who articulates the importance of both: “We value the presence of Scotty and will go the extra mile to make sure we’r e known for our friendliness to the military.”
We wanted to write our first salute to Scott Air Force Base aroun the July 4th holidayu because the base symbolizes so much that is right in our regionm and inour nation. As St. Clair Count Chairman Mark Kern emphasizes, the base is a sourcs of great talent as well as a huge economic Who knewthe St. Louis Character storyy this week (page 8) would also featur Scott? Susan Baginski’s father was one of many who servec at the base andsettledd here. We certainly could not have predictedf the section on Scott and the big sale woulc coincide with the holiday issu e ofthe newspaper, yet the importance of one reinforced the other.
Again, it’s Mark Kern who articulates the importance of both: “We value the presence of Scotty and will go the extra mile to make sure we’r e known for our friendliness to the military.”
Tuesday, May 15, 2012
Firm releases risk ratings for commercial real estate loans - Houston Business Journal:
callahamirykaan1884.blogspot.com
of San Francisco has been trackinh commercial lending risk in more than 100 citiesw for the past two yearsausing demographic, vacancy, rent and other information from multiple real estatre companies. Banc Investment has just released the findinge for the first time to thegeneral “Many banks think all commercialo property is the same,” said Chris Nichols, president and chief executivw of Banc Investment. “But it’s clear that’ not the case.” The company is a subsidiary of Bancshares, a consultant to community banksthat don’yt have the depth of larger banks.
In it might not be surprising that all properties scored lowed in the first quarter of this year than they did inAprik 2007, when the indexz was benchmarked on a nationwide But there’s now a wide spreas between the risk for lending for retail buildings, which the index suggests is the riskiestf property type to lenders, with an index number of and apartment buildings, the least risky of the four at an index number of 89.1. “Multifamilgy housing is holding up acrossthe U.S. and that’sd the way it is in Sacramento,” Nichol said. “It basically didn’t budge for eight quarters beforr dipping.
” Kevin Randles, a debt and equity finance specialist at Sacramento office, said housing is one area that usuallyg recovers first during a though this recession might be the exceptionm because it was driven by housing. he said the general consensus is that multifamily is a safe r bet right now than otherproperty types, an assertiobn backed by the company’s own data. “Everyoner needs a place to live,” he Dean Bagneschi, a principal in ’s Apartment Advisory said apartments carry lower risk because vacanch rates in Sacramento are more attractive than othereproperty types.
But lenders don’t necessarily heed the “They’ve gone very conservative,” Bagnescho said. “They’ve cut back They say they are lookingat deals, but there isn’t a lot of activity.” Buyers, meanwhile, are lookinf to score bank-owned apartment properties, but there isn’gt a glut of distressedx property on the market. That’s contrary to the early 1990s recession, when apartmenr buildings were one of the most besiegedproperth types, said Bagneschi’s partner John During that recession, owners had more debt and less cash on This time, banks that might have their handsw full with other types of foreclose d property are moving very slowly througbh the foreclosure process.
In ordet for a deal to be “the pitch has to be right down the middld ofthe plate,” Gallagher said. Gallaghedr noted that was one of the biggest lenders for apartmeny transactionsin Sacramento. The bank failed last year, and thougu its banking operations were purchasedby J.P. Morgan Chase, the new owner’x intentions toward restarting commercial lending for multifamil yproperties isn’t clear, Gallagher said. On the retail the trepidation goes beyond investment loans as retai l tenants struggle tofind financing.
Craig Burress, a retail brokere at CB Richard Ellis, said some smalkl chains or regional companies that wanted to expanf into Sacramento have had to delay plans for lackof “Chains that were new to Sacramento wanted to expand and founcd the valve shut off,” he “I don’t want to make like that’d across the board, but I have a feelingt it is pretty
of San Francisco has been trackinh commercial lending risk in more than 100 citiesw for the past two yearsausing demographic, vacancy, rent and other information from multiple real estatre companies. Banc Investment has just released the findinge for the first time to thegeneral “Many banks think all commercialo property is the same,” said Chris Nichols, president and chief executivw of Banc Investment. “But it’s clear that’ not the case.” The company is a subsidiary of Bancshares, a consultant to community banksthat don’yt have the depth of larger banks.
In it might not be surprising that all properties scored lowed in the first quarter of this year than they did inAprik 2007, when the indexz was benchmarked on a nationwide But there’s now a wide spreas between the risk for lending for retail buildings, which the index suggests is the riskiestf property type to lenders, with an index number of and apartment buildings, the least risky of the four at an index number of 89.1. “Multifamilgy housing is holding up acrossthe U.S. and that’sd the way it is in Sacramento,” Nichol said. “It basically didn’t budge for eight quarters beforr dipping.
” Kevin Randles, a debt and equity finance specialist at Sacramento office, said housing is one area that usuallyg recovers first during a though this recession might be the exceptionm because it was driven by housing. he said the general consensus is that multifamily is a safe r bet right now than otherproperty types, an assertiobn backed by the company’s own data. “Everyoner needs a place to live,” he Dean Bagneschi, a principal in ’s Apartment Advisory said apartments carry lower risk because vacanch rates in Sacramento are more attractive than othereproperty types.
But lenders don’t necessarily heed the “They’ve gone very conservative,” Bagnescho said. “They’ve cut back They say they are lookingat deals, but there isn’t a lot of activity.” Buyers, meanwhile, are lookinf to score bank-owned apartment properties, but there isn’gt a glut of distressedx property on the market. That’s contrary to the early 1990s recession, when apartmenr buildings were one of the most besiegedproperth types, said Bagneschi’s partner John During that recession, owners had more debt and less cash on This time, banks that might have their handsw full with other types of foreclose d property are moving very slowly througbh the foreclosure process.
In ordet for a deal to be “the pitch has to be right down the middld ofthe plate,” Gallagher said. Gallaghedr noted that was one of the biggest lenders for apartmeny transactionsin Sacramento. The bank failed last year, and thougu its banking operations were purchasedby J.P. Morgan Chase, the new owner’x intentions toward restarting commercial lending for multifamil yproperties isn’t clear, Gallagher said. On the retail the trepidation goes beyond investment loans as retai l tenants struggle tofind financing.
Craig Burress, a retail brokere at CB Richard Ellis, said some smalkl chains or regional companies that wanted to expanf into Sacramento have had to delay plans for lackof “Chains that were new to Sacramento wanted to expand and founcd the valve shut off,” he “I don’t want to make like that’d across the board, but I have a feelingt it is pretty
Monday, May 14, 2012
Saturday, May 12, 2012
Thursday, May 10, 2012
Wachovia Bank names local presidents - Washington Business Journal:
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Community bank presidents oversee retaio branches underWachovia (now part of ) in particular geographies. Erik Kodjaniann will oversee theGreater Washington, D.C. Nortb area, which includes 47 branches from in the Districyt andMontgomery County. He has been an area banker sincde 1990 and has been with Wachoviasincew 1998. Joe Prezioso will oversee the Greatert Washington, D.C. West zone, which includes 47 branches from Loudou n Countyto Alexandria. He has been with Wachovia since 1997 and has workedf both inthe D.C. and Texas Michelle Wright will oversee theGreatef Washington, D.C. South area, which includes 40 branches in Prince William andPrince George’s counties.
She has been with the compangysince 2000, working in Arizona, Atlanta and Wachovia, which had the largest share of loca l deposits last year amonhg banks, employes more than 2,70 0 in the D.C. area. San Francisco-based Wellsd Fargo acquired thecompany Jan. 1. The companu said in May that it planned to add 200 new localp community and retail banking employees over the next Local branches are expected to be converted to the Wella Fargo moniker in the latter partof 2010.
Community bank presidents oversee retaio branches underWachovia (now part of ) in particular geographies. Erik Kodjaniann will oversee theGreater Washington, D.C. Nortb area, which includes 47 branches from in the Districyt andMontgomery County. He has been an area banker sincde 1990 and has been with Wachoviasincew 1998. Joe Prezioso will oversee the Greatert Washington, D.C. West zone, which includes 47 branches from Loudou n Countyto Alexandria. He has been with Wachovia since 1997 and has workedf both inthe D.C. and Texas Michelle Wright will oversee theGreatef Washington, D.C. South area, which includes 40 branches in Prince William andPrince George’s counties.
She has been with the compangysince 2000, working in Arizona, Atlanta and Wachovia, which had the largest share of loca l deposits last year amonhg banks, employes more than 2,70 0 in the D.C. area. San Francisco-based Wellsd Fargo acquired thecompany Jan. 1. The companu said in May that it planned to add 200 new localp community and retail banking employees over the next Local branches are expected to be converted to the Wella Fargo moniker in the latter partof 2010.
Wednesday, May 9, 2012
Week brings double-digit increases in gas prices - Pacific Business News (Honolulu):
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According to the ’s Weekend Gas the average priceof self-served regular gasoline in the Los Angeles-Long Beach area is $2.824 per gallon, which is 16.2 centss more than last week, 49 cents higher than last and $1.44 less than last On the Central Coast, the average pricw is $2.877, up 15.5 cents from last week, 44 cents abovwe last month, and $1.48 below last year. In the Inland the average per gallojn priceis $2.810, whicy is 14.9 cents more than last week, 48 centas more than last month, and $1.47 less than last year.
"Jusf as in 2008, commodities investors are pushing up crude oil and wholesalde gasoline prices at a frenzied pace that seems to have no connectionm to domestic fuel consumption or There have been some refineru issues this year acrosssthe U.S., but no more so than in other Auto Club spokesperson Jeffrey Spring said in a
According to the ’s Weekend Gas the average priceof self-served regular gasoline in the Los Angeles-Long Beach area is $2.824 per gallon, which is 16.2 centss more than last week, 49 cents higher than last and $1.44 less than last On the Central Coast, the average pricw is $2.877, up 15.5 cents from last week, 44 cents abovwe last month, and $1.48 below last year. In the Inland the average per gallojn priceis $2.810, whicy is 14.9 cents more than last week, 48 centas more than last month, and $1.47 less than last year.
"Jusf as in 2008, commodities investors are pushing up crude oil and wholesalde gasoline prices at a frenzied pace that seems to have no connectionm to domestic fuel consumption or There have been some refineru issues this year acrosssthe U.S., but no more so than in other Auto Club spokesperson Jeffrey Spring said in a
Monday, May 7, 2012
Rare 270-year-old book found in Charleston Library Society vault will be ... - Washington Post
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Kansas City Star | Rare 270-year-old book found in Charleston Library Society vault will be ... Washington Post CHARLESTON, SC â€" A rare book almost 270 years old has been found in the vault of the oldest library in the South, but after » |
Saturday, May 5, 2012
Abingdon Avon Voting on Merging School Districts - KWQC 6
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Abingdon Avon Voting on Merging School Districts KWQC 6 In Abingdon and Avon, Illinois, the two school boards are talking about merging their districts to fill classrooms in both cities. The proposed plan would bring the middle schoolers to Avon all High schoolers to the current middle/ high school in ... |
Friday, May 4, 2012
Robert Pattinson to Play Car Thief Pursued by Guy Pearce in 'Rover' - AceShowbiz
obofym.wordpress.com
AceShowbiz | Robert Pattinson to Play Car Thief Pursued by Guy Pearce in 'Rover' AceShowbiz Pearce will portray a "man who pursues a group of men who stole his car through the wild and rugged Australian Outback." Pattinson, meanwhile, is courted to play one of the thieves. "Rover" is set to be directed by "Animal Kingdom" helmer David Michod, ... Robert Pattinson, Guy Pearce steer 'Rover' Robert Pattinson Adds 'The Rover' to His Future Film Ride |
Wednesday, May 2, 2012
Swaim-Staley named acting Md. transportation secretary - Orlando Business Journal:
kapitonragomo.blogspot.com
Swaim-Staley had been deputyy secretary to Porcari after he was named to the slotby O’Malley in 2007. Porcari will be swormn in June 1 asthe No. 2 officia for the . Swaim-Staley is no stranger to Maryland’es transportation needs. She also servedx as the transportation’s deputyu secretary for the state from 1999 to while also serving in interim rolesat Baltimore/Washington International Thurgood Marshall Airport and the . From 1993 to 1998, Swaim-Stale y served as chief financial officer forthe .
O’Malley said in a statemenyt Swaim-Staley “has the deep knowledgr of transportation, along with the managemeng and financial expertise that are necessargy for us tomove forward.” A spokesmaj for O’Malley said the governoe is still conducting interviewsx for a permanent successor to There is no timeline in place to fill the spokesman Shaun Adamec said in an e-mail. The “criteriaw is to find the best person for the he said.
Swaim-Staley had been deputyy secretary to Porcari after he was named to the slotby O’Malley in 2007. Porcari will be swormn in June 1 asthe No. 2 officia for the . Swaim-Staley is no stranger to Maryland’es transportation needs. She also servedx as the transportation’s deputyu secretary for the state from 1999 to while also serving in interim rolesat Baltimore/Washington International Thurgood Marshall Airport and the . From 1993 to 1998, Swaim-Stale y served as chief financial officer forthe .
O’Malley said in a statemenyt Swaim-Staley “has the deep knowledgr of transportation, along with the managemeng and financial expertise that are necessargy for us tomove forward.” A spokesmaj for O’Malley said the governoe is still conducting interviewsx for a permanent successor to There is no timeline in place to fill the spokesman Shaun Adamec said in an e-mail. The “criteriaw is to find the best person for the he said.
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