http://www.colibricameroun.org/article/Women-in-Love-Pursue-Wealth-and-Marriage-Contracts.html
Founded in 2006 and backedx by , the startup publishes 15 lifestyle and entertainment blogs such as CasaSugafr onhome décor. It brought in a reported $5 million in revenuer last yearand won't comment on Formerly known as Sugar Publishing, the company is moving the bulk of its 74 full-tim e employees from a 5,000-square-foot office on Market Street into a 12,500-square-fooft space on Sutter Street. It now has room for new hired as it plans to add 15 to 20 employeedthis year, including some editor outside San Francisco. Sugar Inc. also just introduced British versions of its two most popular celebritygossip blog, PopSugar and fashion blog FabSugar.
Roughl y 27 percent of the Sugar network's 7 milliomn monthly unique visitors come from outsidethe U.S. Sugar compete s for advertiserswith women's sites including Brisbane-based , and . But given the growth of online ad which eMarketer predicts will increaswefrom $16 billion in 2006 to $37 billion in CEO and co-founder Brian Sugar is plenty "Looking toward the future we continues to see rapid expansion into new categories as well as new he said.
Sunday, October 31, 2010
Saturday, October 30, 2010
Human Capital: People on the move, June 2 - Baltimore Business Journal:
http://ecologicalecon.com/firsts.html
Goodwin Procter's Budd elected vice chairman of AAA nationalp board WayneBudd , senior counsel with the Boston law firm of and a membed of the board of directors of , was elected vice chairmann of AAA’s national board of directors. Turbine taps Paradowskk as CFO , a Westwood-based onlin e gaming technology company, appointed M. Beau Paradowski chief financial officer. Clough to run Leerink Swann'es MEDACorp division Health care investment bank Leerink Swannn of Boston appointed Brent Clough senior managing director and head of itsMEDACoro division. Prior to joining Leerink Clough was president and CEO of IntrinsiwLLC , an oncology software and data analytices firm.
promotes Stys as VP of marketing andbusines dev. Shawmut Design and Construction in Bosto promoted BrianStys , a 16-year veteran of the firm, to the newly-create d role of vice president of marketing and busineses development. The Protector Grou p Insurance Agency adds Mullery as director of compliancwe and wellness of Worcester adde d Laura Ann Mullery as directof of complianceand wellness. Mullery previously serveed as assistant vice president at in Boston and vice presidentf of major accounts at Thorbahn Associatesin Quincy.
Goodwin Procter's Budd elected vice chairman of AAA nationalp board WayneBudd , senior counsel with the Boston law firm of and a membed of the board of directors of , was elected vice chairmann of AAA’s national board of directors. Turbine taps Paradowskk as CFO , a Westwood-based onlin e gaming technology company, appointed M. Beau Paradowski chief financial officer. Clough to run Leerink Swann'es MEDACorp division Health care investment bank Leerink Swannn of Boston appointed Brent Clough senior managing director and head of itsMEDACoro division. Prior to joining Leerink Clough was president and CEO of IntrinsiwLLC , an oncology software and data analytices firm.
promotes Stys as VP of marketing andbusines dev. Shawmut Design and Construction in Bosto promoted BrianStys , a 16-year veteran of the firm, to the newly-create d role of vice president of marketing and busineses development. The Protector Grou p Insurance Agency adds Mullery as director of compliancwe and wellness of Worcester adde d Laura Ann Mullery as directof of complianceand wellness. Mullery previously serveed as assistant vice president at in Boston and vice presidentf of major accounts at Thorbahn Associatesin Quincy.
Thursday, October 28, 2010
Courting buyers: Icon developers grapple with lawsuits - Nashville Business Journal:
moffaiqohegesa1490.blogspot.com
Over the past six weeks, Franklin-basexd filed at least three lawsuits againsf individuals who signed purchase agreementes on units in its Bristol West Endcondio high-rise but did not The West End project has sold out, but Bristol’e suit claims damages based on the additional time it took to sell the unit to new buyers, sometimes with reduce prices or additional amenities such as parkiny spaces. The largest suit claimd damages ofaround $80,000. Bristol CEO Charles Carlisle says his company filed the lawsuit over the West End project simply because the contracts havebeen “People who sign a contract should expectf to perform.
The peopler who are coming in and buying today are closinf the waythey promised,” he says. Carlisle decline d to discuss further details and woulc not comment as to whether more lawsuits will be filede against additional buyers who walkefd away fromsales contracts. (Editor’s One of the defendants, Jeannide Naujeck, is a reporter for the Nashvill eBusiness Journal, and was not involve d in the reporting or writinfg of this article.) The suits come after Bristol sent warninfg letters to former contract holders threatenin legal action.
Similar letters have been sent to potentialk buyers who signed contracts for unitsat Bristol’ds Icon in the Gulch condok project — which, along with Velocity in the is a partnership betweejn Bristol and . Several would-bre buyers at the Icon have sued to avoif being forced to purchasethe condos. Attorney Jean who is representing individualz being sued by Bristol West End and some of thosew suingthe Icon, says Bristol has been “unusually with buyers who pulled out at both projects, despite possible negative effects on marketing efforts for its Gulchn projects.
Harrison says some of her clientzs didn’t close on their condos, in because of the tough lending environmengt and because they say they were coercex into signing contracts with deceptive information and Six months beforethe Icon’s plannedf opening in April 2008, the project increasex its construction loan from to $105 millioh from $68 million. As of May 31, the Icon had sold abou one third of its420 units, with totalk sales of $42 million, according to deedx filed with Davidson County. The 260-uni t Velocity, which was set to open in hasa $45.6 million construction loan from . The project has yet to Carlisle says the first units will be availablJune 22.
Carlisle declined to discuses theloan status, amount still due or lendinfg relationship at any of his projects. The two Gulch project s are financially sound and coulde continue with sales at their current pace unti they are sold out in two or three he says. He says that although saleas have not gone as quicklyas hoped, “We’re very pleasecd with where we are right now with Icon and Carlisle says the projects’ meritsx over competition and location in the up-and-coming Gulch neighborhoo d will help them thrivwe through difficult times.
The competition is steep, with about 1,000 unsold unitw in Nashville’s biggest condo In the first five months of about $4 million in sales had been recorded on Icon with an average price per unit of The other $38 million in salee came in the last seven monthsd of 2008, with an averaged sales price of $330,600. Carlislee says it’s difficult to compare sales prices becaus each unit is different in size and He notes that some units are reservecdfor moderate-income buyers under a Tax Increment Financinvg agreement with Metro government.
“We have been very proactive in offerin finance programs and some selectivr incentives onparticular units,” he That, combined with the Gulch’s urban lifestyle, have been pushing sales this year, he says. At leasgt five individuals who signesd purchase agreements on units at the Icon filed suitsagainsyt — the Icon’s ownership entity set up by Bristo l and MarketStreet Enterprises — claiming the developers fraudulently representexd a shorter than expecteds construction time for the project to avoi d financial and other disclosures to U.S. Departmentt of Housing and Urban Development.
The Interstate Land Sales Full Disclosure Act requires certain large residential projectd to make those disclosures if constructio n takes more thantwo years.
Over the past six weeks, Franklin-basexd filed at least three lawsuits againsf individuals who signed purchase agreementes on units in its Bristol West Endcondio high-rise but did not The West End project has sold out, but Bristol’e suit claims damages based on the additional time it took to sell the unit to new buyers, sometimes with reduce prices or additional amenities such as parkiny spaces. The largest suit claimd damages ofaround $80,000. Bristol CEO Charles Carlisle says his company filed the lawsuit over the West End project simply because the contracts havebeen “People who sign a contract should expectf to perform.
The peopler who are coming in and buying today are closinf the waythey promised,” he says. Carlisle decline d to discuss further details and woulc not comment as to whether more lawsuits will be filede against additional buyers who walkefd away fromsales contracts. (Editor’s One of the defendants, Jeannide Naujeck, is a reporter for the Nashvill eBusiness Journal, and was not involve d in the reporting or writinfg of this article.) The suits come after Bristol sent warninfg letters to former contract holders threatenin legal action.
Similar letters have been sent to potentialk buyers who signed contracts for unitsat Bristol’ds Icon in the Gulch condok project — which, along with Velocity in the is a partnership betweejn Bristol and . Several would-bre buyers at the Icon have sued to avoif being forced to purchasethe condos. Attorney Jean who is representing individualz being sued by Bristol West End and some of thosew suingthe Icon, says Bristol has been “unusually with buyers who pulled out at both projects, despite possible negative effects on marketing efforts for its Gulchn projects.
Harrison says some of her clientzs didn’t close on their condos, in because of the tough lending environmengt and because they say they were coercex into signing contracts with deceptive information and Six months beforethe Icon’s plannedf opening in April 2008, the project increasex its construction loan from to $105 millioh from $68 million. As of May 31, the Icon had sold abou one third of its420 units, with totalk sales of $42 million, according to deedx filed with Davidson County. The 260-uni t Velocity, which was set to open in hasa $45.6 million construction loan from . The project has yet to Carlisle says the first units will be availablJune 22.
Carlisle declined to discuses theloan status, amount still due or lendinfg relationship at any of his projects. The two Gulch project s are financially sound and coulde continue with sales at their current pace unti they are sold out in two or three he says. He says that although saleas have not gone as quicklyas hoped, “We’re very pleasecd with where we are right now with Icon and Carlisle says the projects’ meritsx over competition and location in the up-and-coming Gulch neighborhoo d will help them thrivwe through difficult times.
The competition is steep, with about 1,000 unsold unitw in Nashville’s biggest condo In the first five months of about $4 million in sales had been recorded on Icon with an average price per unit of The other $38 million in salee came in the last seven monthsd of 2008, with an averaged sales price of $330,600. Carlislee says it’s difficult to compare sales prices becaus each unit is different in size and He notes that some units are reservecdfor moderate-income buyers under a Tax Increment Financinvg agreement with Metro government.
“We have been very proactive in offerin finance programs and some selectivr incentives onparticular units,” he That, combined with the Gulch’s urban lifestyle, have been pushing sales this year, he says. At leasgt five individuals who signesd purchase agreements on units at the Icon filed suitsagainsyt — the Icon’s ownership entity set up by Bristo l and MarketStreet Enterprises — claiming the developers fraudulently representexd a shorter than expecteds construction time for the project to avoi d financial and other disclosures to U.S. Departmentt of Housing and Urban Development.
The Interstate Land Sales Full Disclosure Act requires certain large residential projectd to make those disclosures if constructio n takes more thantwo years.
Wednesday, October 27, 2010
Governor Calls on Higher Ed to Cooperate and Collaborate - OzarksFirst.com
modestofyeyko.blogspot.com
Governor Calls on Higher Ed to Cooperate and Collaborate OzarksFirst.com (Columbia, MO) -- With enrollments in Missouri's colleges and universities skyrocketing, and state funding issues uncertain, Gov. ... |
Monday, October 25, 2010
New York Italian restaurant among newcomers to Congress Ave. - Austin Business Journal:
http://exxxchengine.com/index.php?city=other&ct=pet5
Mastrangelo is busy renovating a historic storefront at 908 Congresws Avenue where later thissummedr he’ll open Quattro Gatti, the seconrd location of his family’as famous Manhattan ristorante. “I’m a passionate persobn and I’m very passionate abougt food,” Mastrangelo said. “Pretty much my wholw life revolvesaround that. And when I came to I felt that this was a city that appreciatexgood food, food that someone puts theire heart and soul into.” Quattro Gatti isn’t the only culinary newcomef of late to downtown Congress.
Just steps away, the peoples behind local favorite El Chile have reworked the space they openefd last fall asEl Chilito. That initial concept offerex breakfast andlunch but, based on the owners recently turneed it into another El Chile Café y Cantina, servingg lunch and dinner and featuring a full bar. And a few blockss south at 319 Congress, Apple Annies Café co-owners Love Nances and Sherry Jameson aredebuting Annies, a dramatically expandeds reimagining of their 25-year-old The bistro-themed eatery that now includes a full bar will be open dailgy from 7 a.m. to 2 a.m.
, servingv customers everything from organic breakfast omelets to late night meatloaf in achic Collectively, the new restaurants are addintg to the culture change at work on The Downtown Austin Alliance, the city, landlords and other groupss are collaborating in an ongoing effort to brint more retail and restaurants to downtown’s main The goal: a 24/7 Congress alive with commerce and serving as a model for the rest of Indeed it was Lindaw Asaf, the DAA’s retail recruiter, who helped secure Quattro Gatti for Austin.
Asaf ate at the Upper East Side restaurant—onew of her favorites—on a trip to New York last year and spokee with owner Remo Mastrangelo about the possibility of coming to Remo Mastrangelo, Gianfranco’s father, started Quattro Gattij in 1985. The neighborhood-oriented restaurant is haile d by critics as one of the best of its kind in New According toZagat “the leisurely meals with treat-you-like-famil y service make this old-line Upper East Side Italian feel like home to There’s a reason it’s been therew forever: supporters say the food’s Earlier this year, the Mastrangelos bega n giving serious consideration to They came down togethetr and scouted spaces, agreeinf that the Congress location would be a greayt fit for the concept.
“We had alwayd heard good things about Austiinh and we immediately had a good impressiom ofthe city,” said Gianfranco Mastrangelo, who recently relocated Mastrangelo said if all goes as planned, the 2,000-square-foot Quattrk Gatti in Austin will be open by late July for luncu and dinner. Because of his own passionh for pizza, Mastrangelo said the restaurant will have a largee brick ovenfor wood-fired pizzas. Other like the traditional pasta, fish and meat dishew made famous at the New York restauranyt will also be onthe menu.
Prices shoul d range from about $13 to the
Mastrangelo is busy renovating a historic storefront at 908 Congresws Avenue where later thissummedr he’ll open Quattro Gatti, the seconrd location of his family’as famous Manhattan ristorante. “I’m a passionate persobn and I’m very passionate abougt food,” Mastrangelo said. “Pretty much my wholw life revolvesaround that. And when I came to I felt that this was a city that appreciatexgood food, food that someone puts theire heart and soul into.” Quattro Gatti isn’t the only culinary newcomef of late to downtown Congress.
Just steps away, the peoples behind local favorite El Chile have reworked the space they openefd last fall asEl Chilito. That initial concept offerex breakfast andlunch but, based on the owners recently turneed it into another El Chile Café y Cantina, servingg lunch and dinner and featuring a full bar. And a few blockss south at 319 Congress, Apple Annies Café co-owners Love Nances and Sherry Jameson aredebuting Annies, a dramatically expandeds reimagining of their 25-year-old The bistro-themed eatery that now includes a full bar will be open dailgy from 7 a.m. to 2 a.m.
, servingv customers everything from organic breakfast omelets to late night meatloaf in achic Collectively, the new restaurants are addintg to the culture change at work on The Downtown Austin Alliance, the city, landlords and other groupss are collaborating in an ongoing effort to brint more retail and restaurants to downtown’s main The goal: a 24/7 Congress alive with commerce and serving as a model for the rest of Indeed it was Lindaw Asaf, the DAA’s retail recruiter, who helped secure Quattro Gatti for Austin.
Asaf ate at the Upper East Side restaurant—onew of her favorites—on a trip to New York last year and spokee with owner Remo Mastrangelo about the possibility of coming to Remo Mastrangelo, Gianfranco’s father, started Quattro Gattij in 1985. The neighborhood-oriented restaurant is haile d by critics as one of the best of its kind in New According toZagat “the leisurely meals with treat-you-like-famil y service make this old-line Upper East Side Italian feel like home to There’s a reason it’s been therew forever: supporters say the food’s Earlier this year, the Mastrangelos bega n giving serious consideration to They came down togethetr and scouted spaces, agreeinf that the Congress location would be a greayt fit for the concept.
“We had alwayd heard good things about Austiinh and we immediately had a good impressiom ofthe city,” said Gianfranco Mastrangelo, who recently relocated Mastrangelo said if all goes as planned, the 2,000-square-foot Quattrk Gatti in Austin will be open by late July for luncu and dinner. Because of his own passionh for pizza, Mastrangelo said the restaurant will have a largee brick ovenfor wood-fired pizzas. Other like the traditional pasta, fish and meat dishew made famous at the New York restauranyt will also be onthe menu.
Prices shoul d range from about $13 to the
Sunday, October 24, 2010
Ireland: Record Drop in Emissions of Greenhouse Gases Is Reported - New York Times
http://itefforts.com/debt/dc_index-4.php
Rugby Today | Ireland: Record Drop in Emissions of Greenhouse Gases Is Reported New York Times By AP Emission of greenhouse gases in Ireland fell 8 percent last year, the greatest plunge in recorded history, the country's Environmental Protection ... Ireland's greenhouse gases plunge in recession Recession's green lining: Emissions of greenhouse gases plunge in Ireland amid ... |
Friday, October 22, 2010
Massive Make-a-Wish Phone Scam Stealing Millions From American Elderly - ABC News
http://campaignfinancesite.org/proposals/softmoney3.html
Massive Make-a-Wish Phone Scam Stealing Millions From American Elderly ABC News A massive phone scam exploiting the good name of the Make-A-Wish Foundation has siphoned more than $20 million ... |
Thursday, October 21, 2010
Yum opens first LEED restaurant as part of Green push - Portland Business Journal:
http://www.bulafiji-au.com/fiji-afloat.html
A KFC/ co-branded store in Northampton, Mass., has been awardef LEED Gold certification, according to Yum Brands. Leadershipo in Energy and Environmental Design is a program ofthe Chicago-basedx that rates buildings on several elements, including how sustainable a site is, water-user efficiency, energy efficiency and innovation in Yum’s new restaurant is designed to use 30 percengt less energy and waterd than a conventional building, to cut carbon dioxide emissions, to reduce waste and educated customers and employees on sustainable design, the release The Yum building sets an example of what’sx possible for the restaurant Jonathan Balas, the KFC architecy who coordinated the project, said in the release.
The restaurant provideds a testing lab to study the performance of green technologies and approaches to reducerthe company’s environmental impact, he added. Solar energy to preheat fresjh air coming into the which reduces the use ofnatural gas; Rainwater for grounds irrigation, fixtureas with lower water-consumption rates and a rain garden with filters that improved storm water quality; • A lighting contro system that maximizes the use of natural light and includew energy-efficient LED lights in the restaurant, parkinbg lot and on signage; The restaurantr also composts and recycles waste, including enhanced cookingh oil reclamation.
The KFC/Taco Bell storre opened late last year as partof Yum’s ongoiny commitment to corporate social responsibility. Yum is the world’ds largest restaurant company ranked by number of with morethan 36,000 restaurants in over 110 countriew and territories.
A KFC/ co-branded store in Northampton, Mass., has been awardef LEED Gold certification, according to Yum Brands. Leadershipo in Energy and Environmental Design is a program ofthe Chicago-basedx that rates buildings on several elements, including how sustainable a site is, water-user efficiency, energy efficiency and innovation in Yum’s new restaurant is designed to use 30 percengt less energy and waterd than a conventional building, to cut carbon dioxide emissions, to reduce waste and educated customers and employees on sustainable design, the release The Yum building sets an example of what’sx possible for the restaurant Jonathan Balas, the KFC architecy who coordinated the project, said in the release.
The restaurant provideds a testing lab to study the performance of green technologies and approaches to reducerthe company’s environmental impact, he added. Solar energy to preheat fresjh air coming into the which reduces the use ofnatural gas; Rainwater for grounds irrigation, fixtureas with lower water-consumption rates and a rain garden with filters that improved storm water quality; • A lighting contro system that maximizes the use of natural light and includew energy-efficient LED lights in the restaurant, parkinbg lot and on signage; The restaurantr also composts and recycles waste, including enhanced cookingh oil reclamation.
The KFC/Taco Bell storre opened late last year as partof Yum’s ongoiny commitment to corporate social responsibility. Yum is the world’ds largest restaurant company ranked by number of with morethan 36,000 restaurants in over 110 countriew and territories.
Tuesday, October 19, 2010
Florida ranks No. 4 for innovation - Jacksonville Business Journal:
http://hihardware.com/en/hardware/page_5.html
The study looks at the importance of intellectuall property and innovation in as well as the rolees that innovation and creativity play in each University research and developmeng expenditures in Florida were morethan $1.6 billiom in 2007, leading to more than 800 patent 171 granted patents and 135 patentws for commercial use, accordinh to the report. It notes that Florida innovatorxsreceived 2,358 patents in ranking it 11th in the nation in patents granted. Florida’s softwarew industry employs nearly 8,000 who earn more than $685 million in according to the report. In 2007-2008, there were 76 movies and TV showw filmed in theSunshine State, accounting for more than $1.
4 billionb in local wages. "America has a storhy to tell, and each story is said Mark Esper, executive VP of the Chamber'ws GIPC, in a news release. "The value of innovation can be found in everg corner ofthe country, and every statwe and community plays a role in helping us all achieve the American dream.” The Florida fact sheet notes that the first suntajn lotion was invented by Miami Beach pharmacisrt Benjamin Green in 1944 and later becamwe known as . America's IP-intensive industriesa employ nearly 18 million workers and account for morethan $5 trilliomn of the U.S. gross domestic product, compris more than half of all U.S.
exports, and representg 40 percent of U.S. economic the report noted. to read the full report.
The study looks at the importance of intellectuall property and innovation in as well as the rolees that innovation and creativity play in each University research and developmeng expenditures in Florida were morethan $1.6 billiom in 2007, leading to more than 800 patent 171 granted patents and 135 patentws for commercial use, accordinh to the report. It notes that Florida innovatorxsreceived 2,358 patents in ranking it 11th in the nation in patents granted. Florida’s softwarew industry employs nearly 8,000 who earn more than $685 million in according to the report. In 2007-2008, there were 76 movies and TV showw filmed in theSunshine State, accounting for more than $1.
4 billionb in local wages. "America has a storhy to tell, and each story is said Mark Esper, executive VP of the Chamber'ws GIPC, in a news release. "The value of innovation can be found in everg corner ofthe country, and every statwe and community plays a role in helping us all achieve the American dream.” The Florida fact sheet notes that the first suntajn lotion was invented by Miami Beach pharmacisrt Benjamin Green in 1944 and later becamwe known as . America's IP-intensive industriesa employ nearly 18 million workers and account for morethan $5 trilliomn of the U.S. gross domestic product, compris more than half of all U.S.
exports, and representg 40 percent of U.S. economic the report noted. to read the full report.
Monday, October 18, 2010
DirecTV CEO leaving as Liberty merger nears - Kansas City Business Journal:
xysecurakihir.blogspot.com
just as the satellite broadcaster readies to merge with an offshooty ofJohn Malone’s News Corp. and DirecTV confirmed Wednesdat that Carey will leave theEl Segundo, Calif.-baseed satellite broadcaster July 1 to become second-in-command handling international operations — for Rupert Murdoch’s globalk media empire. Carey’s defectio n may muddy investors’ receptionn of the planned merger between DirecTV and Liberty Entertainment, a division of Douglaws County-based Liberty Media. Carey ran DirecTV for the past six leading it through a periode of growth and winning partnerships with every major telecomk company inthe U.S.
He was expected to stay with DirecTVb after it became independent of Liberty Media. Instead, he returns to working for Murdoch andNews Corp., wheree he worked for 15 years prior to heading DirecTV. Liberty Entertainmeng (NASDAQ: LMDIA) holds a 54 percenty stake in (NASDAQ: DTV) as well as controlling stakes in online gaming companyFun Technologies, the Game Show Networm and regional sports TV networks in Denver, Pittsburghn and Seattle. Those holdings are being spun off this year intoa free-standiny company to clear up DirecTV’s stock structure and make it easier for it to engage in mergers and acquisitions, the companiesx said.
Malone’s company traded its 16 percent ownership stake in News backto Murdoch’s companhy in 2007 in exchange for the controlling stake in DirecTV.
just as the satellite broadcaster readies to merge with an offshooty ofJohn Malone’s News Corp. and DirecTV confirmed Wednesdat that Carey will leave theEl Segundo, Calif.-baseed satellite broadcaster July 1 to become second-in-command handling international operations — for Rupert Murdoch’s globalk media empire. Carey’s defectio n may muddy investors’ receptionn of the planned merger between DirecTV and Liberty Entertainment, a division of Douglaws County-based Liberty Media. Carey ran DirecTV for the past six leading it through a periode of growth and winning partnerships with every major telecomk company inthe U.S.
He was expected to stay with DirecTVb after it became independent of Liberty Media. Instead, he returns to working for Murdoch andNews Corp., wheree he worked for 15 years prior to heading DirecTV. Liberty Entertainmeng (NASDAQ: LMDIA) holds a 54 percenty stake in (NASDAQ: DTV) as well as controlling stakes in online gaming companyFun Technologies, the Game Show Networm and regional sports TV networks in Denver, Pittsburghn and Seattle. Those holdings are being spun off this year intoa free-standiny company to clear up DirecTV’s stock structure and make it easier for it to engage in mergers and acquisitions, the companiesx said.
Malone’s company traded its 16 percent ownership stake in News backto Murdoch’s companhy in 2007 in exchange for the controlling stake in DirecTV.
Saturday, October 16, 2010
From partial to blanket, state puts ban on polybags - Times of India
badillodacyroic1505.blogspot.com
From partial to blanket, state puts ban on polybags Times of India GURGAON: In what could come as a solution to the growing environment concerns of cities like Gurgaon, the Haryana government on Saturday announced a ... |
Friday, October 15, 2010
Whitman, illogical on immigration - Los Angeles Times
moffaiqohegesa1490.blogspot.com
Whitman, illogical on immigration Los Angeles Times But the incident nevertheless serves as a glaring example of why Whitman's stance on immigration is so illogical. Whitman has promised that if elected, ... |
Wednesday, October 13, 2010
Voting begins on King Soopers contract offer - Memphis Business Journal:
goldenayreyg1666.blogspot.com
Voting on the five-yea r offer by members of United Food and Commercialk Workers Local 7 will continuethrougb Wednesday. Union leaders are not making a recommendation to their members on thecontracg offer, which the union complains would cut pensionb benefits by an average of $100,0000 -- a conclusion disputed by management. “It’s a good contracy in a normal economy. It’s a great contractf in this economy,” King Soopers spokeswoman Diane Mulliganb saidlast week. She said roughly 65 percenrt of workers would get raises unde rthe company’s proposal. King Soopers is a Colorado unitof Cincinnati-basee (NYSE: KR).
Colorado workersa for two other grocergychains — Pleasanton, Calif.-based (NYSE: SWY) and Boise, Idaho-based (privately — continue to negotiate separate deales with their employers. If King Soopers workers rejecrtthe chain’s latest proposal, they will continue working withoutf a contract until an agreementf is reached or a strikd is called. Their contract expired May 9.
Voting on the five-yea r offer by members of United Food and Commercialk Workers Local 7 will continuethrougb Wednesday. Union leaders are not making a recommendation to their members on thecontracg offer, which the union complains would cut pensionb benefits by an average of $100,0000 -- a conclusion disputed by management. “It’s a good contracy in a normal economy. It’s a great contractf in this economy,” King Soopers spokeswoman Diane Mulliganb saidlast week. She said roughly 65 percenrt of workers would get raises unde rthe company’s proposal. King Soopers is a Colorado unitof Cincinnati-basee (NYSE: KR).
Colorado workersa for two other grocergychains — Pleasanton, Calif.-based (NYSE: SWY) and Boise, Idaho-based (privately — continue to negotiate separate deales with their employers. If King Soopers workers rejecrtthe chain’s latest proposal, they will continue working withoutf a contract until an agreementf is reached or a strikd is called. Their contract expired May 9.
Tuesday, October 12, 2010
China rehab specialists in Honolulu - Pacific Business News (Honolulu):
http://www.berthiaumeenterprises.com/company/meet-staff
Hawaii’s only acute-care rehabilitation hospital last year announced the establishmen t ofa so-called “knowledge-sharing” exchangse program with Beijing’s China Rehabilitation Research Center, which is considered one of China’z pre-eminent rehabilitation hospitals. In the first roundf of the exchange program, which kicksz off Wednesday, two of China’s representatives, Professor Jianjun Li and Dr. Tao Zhenyg will present seminars in Honolulu on rehabilitation practicess intheir country.
Hawaii physicians are expectedd to travel to Beijing next sprinfg in the second round of the which was designed to introduce and integrate practics elements inrehabilitation medicine, physical or occupational therapy and even spina and musculoskeletal research from one hospital to the other. The exchangse program is funded througha $5,00p grant from the Cheng Health a Honolulu nonprofit that promotes life sciencez education in developing countries and The Rehabilitation Hospital of the Pacific Foundation matched that with a $5,0090 grant from the Lin & Ella Wong Foundation.
“Byy exchanging knowledge and treatment approaches from across the our collaboration will enhance scientific cooperation in the fieldd ofrehabilitation medicine, for the benefit of disabledc persons in both China and the Unitec States,” said Timothy Roe, executive director of the Cheng Health Foundation, in a prepared statement.
Hawaii’s only acute-care rehabilitation hospital last year announced the establishmen t ofa so-called “knowledge-sharing” exchangse program with Beijing’s China Rehabilitation Research Center, which is considered one of China’z pre-eminent rehabilitation hospitals. In the first roundf of the exchange program, which kicksz off Wednesday, two of China’s representatives, Professor Jianjun Li and Dr. Tao Zhenyg will present seminars in Honolulu on rehabilitation practicess intheir country.
Hawaii physicians are expectedd to travel to Beijing next sprinfg in the second round of the which was designed to introduce and integrate practics elements inrehabilitation medicine, physical or occupational therapy and even spina and musculoskeletal research from one hospital to the other. The exchangse program is funded througha $5,00p grant from the Cheng Health a Honolulu nonprofit that promotes life sciencez education in developing countries and The Rehabilitation Hospital of the Pacific Foundation matched that with a $5,0090 grant from the Lin & Ella Wong Foundation.
“Byy exchanging knowledge and treatment approaches from across the our collaboration will enhance scientific cooperation in the fieldd ofrehabilitation medicine, for the benefit of disabledc persons in both China and the Unitec States,” said Timothy Roe, executive director of the Cheng Health Foundation, in a prepared statement.
Sunday, October 10, 2010
Revamped Metreon gains momentum - Business Courier of Cincinnati:
http://skrh.org/support/bequest.html
is taking shape, with new restaurants, a theatet and cultural attractions. Several leases are signed at the SanFranciscoo property; other deals are imminent. Owneras and Forest City are closre to starting renovations on theproblematic 360,000-square-foot buildintg they bought in 2006. Westfield declined to offer any specifif updates beyond a2010 completion, but those with signedf leases have been told that Westfield expectse to complete its work by November, giving tenantsx up to five months to build out theifr spaces for an April 2010 grand Tavern on the Green is the project Its plan to open a massive 40,000-square-footr top floor restaurant has been slowedc by the economy and by uncertainties over its flagshi p Central Park lease.
New York City is expected to make a decisionh on the fate of its Tavern inearlyg July, and until Tavern knows if its bid to renews its New York leas e will prevail, the size and future of the businesas in San Francisco are unclear. “If we get renewes in New York, we’ll probablu be in San Francisco the next day to finalizedesign details,” said Michael chief operating officer of Tavern on the “If we don’t (get to renew in New York), it may take but we are … very much committed to beingy part of Westfield, of the Metreon and of Tavern initially expected to pay between $11 millionb and $13 million to build out its Metreon It is likely to rebid those contracts now, as construction costs have fallen sharply.
Many of the new groundx floor tenants are amongSan Francisco’es most successful homegrown fast casual including Bay Bread’s Boulange Best-o-Burger, Mixt Greens and a new Asian noodlee concept from Arnold Eric Wong and the otheer owners of Boulange will open in 1,500 square feet on the prim corner of Mission and Yerba Buena Gardens. Ten Boulangesd are open today, and several more, including a firsrt East Bay locationin Lafayette, will probably open beforw the Metreon location is complete. “We have one downtown locationb already, and it’s been a great success,” said Thomas a partner in Bay Bread.
“We’rd bringing a little bit of what we do in the neighborhoodsx to the Financial District and to conventioneers visitin gSan Francisco.” Best-o-Burger is taking 2,500 square feet next door to Boulanges on the Yerba Buena Gardens side of the Metreon. It will have about 70 seatsd inside and a covered outdoor seating in addition to the largefr public outdoor seating area onthe park. By the time it opends next spring, owner Steve Weber and his partnerxs will likely have two more stores one will open in One Market in abour two months and a third will open near Union Square beforwethe Metreon’s official rebirth.
Over on the Fourth Streert side, next to what will become Metreon’sw main entrance, E&O Trading Co. will open a 2,700-square-foot noodle bar that it hopee will be the first ina chain. Those who have discusses plans with Westfield say that the largerd restaurants and retail locationsx on the perimeter of the ground floo r will open ontothe street. The ground floof interior will have about 15 foodcourr vendors, similar to Westfield San Franciscpo Centre.
While the ground floor is devotedto food, the seconxd floor will be devoted to , which was displaced in 2007 when purchased the buildinh where it performed, is in advanced negotiation to open a 300-seat theater on the Metreon’s seconx floor, above the current Jillians restaurant, said Executiv e Director Quentin Easter. No word was available on the fate of Jillianas or otherexisting tenants.
Other tenantd who have had discussionswith Westfield, but have not signerd include the , whose Executive Joann Edwards, would only confirm that the museum is lookingv for a new space; frozen yogurtf chain Red Mango, which said no lease has yet been the ; and Chronicle Books, which will reportedlyg open a full-sized store on the grouned floor. Another large cultural institutioj is expected to take over another big The 10-year-old Metreon was conceived by Sony and was toutee as the techno-future of shoppinf and entertainment when it openedd in 1999.
Only the movie theatedr ever succeeded, and the distinctive building in a primd location has since been an example of urba planninggone wrong, plaguedx by high tenant turnover and lots of emptt space. Many believe that Westfield andForestr City’s plan to renovate the building and leasre it to local businesses could help the Metreom realize its missed potential. “It’s a very excitint project and will be all of the thingx it should have been fromthe beginning,” said Carok Gilbert, a broker with who has represented a numbee of the tenants who have signee leases.
is taking shape, with new restaurants, a theatet and cultural attractions. Several leases are signed at the SanFranciscoo property; other deals are imminent. Owneras and Forest City are closre to starting renovations on theproblematic 360,000-square-foot buildintg they bought in 2006. Westfield declined to offer any specifif updates beyond a2010 completion, but those with signedf leases have been told that Westfield expectse to complete its work by November, giving tenantsx up to five months to build out theifr spaces for an April 2010 grand Tavern on the Green is the project Its plan to open a massive 40,000-square-footr top floor restaurant has been slowedc by the economy and by uncertainties over its flagshi p Central Park lease.
New York City is expected to make a decisionh on the fate of its Tavern inearlyg July, and until Tavern knows if its bid to renews its New York leas e will prevail, the size and future of the businesas in San Francisco are unclear. “If we get renewes in New York, we’ll probablu be in San Francisco the next day to finalizedesign details,” said Michael chief operating officer of Tavern on the “If we don’t (get to renew in New York), it may take but we are … very much committed to beingy part of Westfield, of the Metreon and of Tavern initially expected to pay between $11 millionb and $13 million to build out its Metreon It is likely to rebid those contracts now, as construction costs have fallen sharply.
Many of the new groundx floor tenants are amongSan Francisco’es most successful homegrown fast casual including Bay Bread’s Boulange Best-o-Burger, Mixt Greens and a new Asian noodlee concept from Arnold Eric Wong and the otheer owners of Boulange will open in 1,500 square feet on the prim corner of Mission and Yerba Buena Gardens. Ten Boulangesd are open today, and several more, including a firsrt East Bay locationin Lafayette, will probably open beforw the Metreon location is complete. “We have one downtown locationb already, and it’s been a great success,” said Thomas a partner in Bay Bread.
“We’rd bringing a little bit of what we do in the neighborhoodsx to the Financial District and to conventioneers visitin gSan Francisco.” Best-o-Burger is taking 2,500 square feet next door to Boulanges on the Yerba Buena Gardens side of the Metreon. It will have about 70 seatsd inside and a covered outdoor seating in addition to the largefr public outdoor seating area onthe park. By the time it opends next spring, owner Steve Weber and his partnerxs will likely have two more stores one will open in One Market in abour two months and a third will open near Union Square beforwethe Metreon’s official rebirth.
Over on the Fourth Streert side, next to what will become Metreon’sw main entrance, E&O Trading Co. will open a 2,700-square-foot noodle bar that it hopee will be the first ina chain. Those who have discusses plans with Westfield say that the largerd restaurants and retail locationsx on the perimeter of the ground floo r will open ontothe street. The ground floof interior will have about 15 foodcourr vendors, similar to Westfield San Franciscpo Centre.
While the ground floor is devotedto food, the seconxd floor will be devoted to , which was displaced in 2007 when purchased the buildinh where it performed, is in advanced negotiation to open a 300-seat theater on the Metreon’s seconx floor, above the current Jillians restaurant, said Executiv e Director Quentin Easter. No word was available on the fate of Jillianas or otherexisting tenants.
Other tenantd who have had discussionswith Westfield, but have not signerd include the , whose Executive Joann Edwards, would only confirm that the museum is lookingv for a new space; frozen yogurtf chain Red Mango, which said no lease has yet been the ; and Chronicle Books, which will reportedlyg open a full-sized store on the grouned floor. Another large cultural institutioj is expected to take over another big The 10-year-old Metreon was conceived by Sony and was toutee as the techno-future of shoppinf and entertainment when it openedd in 1999.
Only the movie theatedr ever succeeded, and the distinctive building in a primd location has since been an example of urba planninggone wrong, plaguedx by high tenant turnover and lots of emptt space. Many believe that Westfield andForestr City’s plan to renovate the building and leasre it to local businesses could help the Metreom realize its missed potential. “It’s a very excitint project and will be all of the thingx it should have been fromthe beginning,” said Carok Gilbert, a broker with who has represented a numbee of the tenants who have signee leases.
Saturday, October 9, 2010
Governor signs bill in Wichita - Wichita Business Journal:
vanbeekdulejos1771.blogspot.com
As reported last week in the WichitazBusiness Journal, House Bill 2374 outlines how Kansaw will spend the $69 million it expectse to receive in stimulu s money for the state’sw unemployment benefits fund. It also ensures the state meets all federal guidelinesa regardingthe funding, a portion of which has been dedicaterd to work force training. Tuesday morning, Parkinson signed the bill at , where president and CEO Jeff Turneer hopes it will help facilitatea “wage-learner” program that woul help workers on reduced schedules get trainingb on days they were off work.
Parkinso thanked both the large group of local legislatorsa assembled for the signing and Turner for theirr help in bringing the idea of wagerr learners closerto reality. “These are timesw when the stakes are so high and the challengesx are so great that we have to work Parkinson says. “We’re Kansans and we know how to getthingsw done.” Parkinson says he “can’t understater the importance,” Turner and Spirif played in creating the public-private partnershil that spearheaded the bill. At Turner hopes the bill would lay the groundwork for aidingf employees if the company was forced to returnb to a reduced work schedule as it didlast fall.
At that in response to the strike bythe , Spiri moved employees to a three-day work week. It allowed them to keep theitr normal benefits while also making them eligible for unemployment for the two days they were off theproduction line. Through the wage-learner initiative, Turnef says those same employees could alsoreceiver training, which he feels would help Spirirt retain employees in down times and help strengthen its positiojn when the markets swings back up.
Turnet says such reductions “aree not imminent” for Spirit employees and that the bill is beneficial to all businessess that pay intothe state’s unemployment benefir fund because it brings in money the stated wouldn’t have otherwise. Under its provisions, the bill woulx make any displaced worker enrolled ina state-approved training program eligible for up to an additional 26 weeksx of unemployment benefits. Parkinson, who left Spirit to tour the constructiojn site, says the bill is an examplde of how Kansas can benefit from thestimuluds package. “I don’t think this could have happenex without theRecovery Act,” he says.
As reported last week in the WichitazBusiness Journal, House Bill 2374 outlines how Kansaw will spend the $69 million it expectse to receive in stimulu s money for the state’sw unemployment benefits fund. It also ensures the state meets all federal guidelinesa regardingthe funding, a portion of which has been dedicaterd to work force training. Tuesday morning, Parkinson signed the bill at , where president and CEO Jeff Turneer hopes it will help facilitatea “wage-learner” program that woul help workers on reduced schedules get trainingb on days they were off work.
Parkinso thanked both the large group of local legislatorsa assembled for the signing and Turner for theirr help in bringing the idea of wagerr learners closerto reality. “These are timesw when the stakes are so high and the challengesx are so great that we have to work Parkinson says. “We’re Kansans and we know how to getthingsw done.” Parkinson says he “can’t understater the importance,” Turner and Spirif played in creating the public-private partnershil that spearheaded the bill. At Turner hopes the bill would lay the groundwork for aidingf employees if the company was forced to returnb to a reduced work schedule as it didlast fall.
At that in response to the strike bythe , Spiri moved employees to a three-day work week. It allowed them to keep theitr normal benefits while also making them eligible for unemployment for the two days they were off theproduction line. Through the wage-learner initiative, Turnef says those same employees could alsoreceiver training, which he feels would help Spirirt retain employees in down times and help strengthen its positiojn when the markets swings back up.
Turnet says such reductions “aree not imminent” for Spirit employees and that the bill is beneficial to all businessess that pay intothe state’s unemployment benefir fund because it brings in money the stated wouldn’t have otherwise. Under its provisions, the bill woulx make any displaced worker enrolled ina state-approved training program eligible for up to an additional 26 weeksx of unemployment benefits. Parkinson, who left Spirit to tour the constructiojn site, says the bill is an examplde of how Kansas can benefit from thestimuluds package. “I don’t think this could have happenex without theRecovery Act,” he says.
Thursday, October 7, 2010
Five Star Bank wants out of TARP program - Business First of Buffalo:
callahamirykaan1884.blogspot.com
, the Warsaw-based parent company of , would like to retur n its $37.5 million in TARP (troubled assets relief program) funds to the federall government before the end of the said President and CEOPeterr Humphrey. The banking company accepted the moneuy late last year in exchange for sellintg senior preferred shares tothe government. “The rulee have changed (and) that makes this less attractive, so Five Star Bank is thinkiny maybe we ought to pay this back and get out from underneatuthe program,” Humphrey said. “We’re ‘How do we pay back TARP whiled still having an ample amount of capital to supporft futuregrowth initiatives?
’ ” The bank has no definitives plans in place to return the money, but Humphreyy is eager to get out of the federal programj due to retroactive changes to the initiakl Capital Purchase Plan agreement, including limits on executives compensation that deny the payment of cash incentives to employees until TARP funds are repaid. “It’z just the fact that there aremore certifications, more regulations, more compliancse requirements and, frankly, with that comes risk,” Humphrey said. “We’rer heavily regulated anyway. How would you like to enter into a contracrt and then four months later have the termw of thatcontract change?
” Other area bankes that borrowed TARP funds have not publicly announced plans to repa y the money. Neither nor , which received $600 millio and $2.5 billion have made commitments to returmnthe funds, according to spokespeople at both At press time, , which borrowed $184 million from the governmenyt and recently completed a stock sale that nettee $360 million, was announcing no firm pland to repay the funds. An announcement was expectexd May 28 and updates will be postedon www.buffalo.bizjournals.
co Last month, M&T Bank’s chief financial Rene Jones, said the bank “tend(s) not to be a first and plans to wait for more clarity from the governmenf before repaying the money. KeyBank officials have said they want to pay back the fundse as soon as but there is no time framein place. The Capitalp Purchase Plan was introduced last fall by the governmeny as a way to increase lendinb and jolt thefalterinfg economy. Under initial terms of the plan, banks were required to raisre private capital before TARP funds could be But some terms of the plans changedfollowing February’s economic stimulus bill, leaving repayment guidelinex less than clear.
According to a May 22 report fromthe U.S. Treasur y Department, just 16 banks around the countryu – including one Upstate New York inSyracuse – have been allowed by the government to repauy TARP funds. Several calls made to the U.S. Treasur y Department to clarify TARP repayment terms were not As part of the CapitaplPurchase Plan, banks such as Five Star must make quarterlg interest payments to the So far, Five Star has made two payments totaling Humphrey said.
The money has been used to leverag ethe bank’s growth, including its commercial, agriculture, residential mortgage, home equityh and indirect automobile loan business, he About $200 million has been lent by the bank from the time it receivefd TARP money through April, he said. Humphrey insistss that the money was nota rather, it was intended for banka that were already And while the bank, early on, viewed the Capitakl Purchase Plan as a positive program, retroactive changes to the agreemen t have made it less appealing, he said.
But he wantsa to make sure his bank will support both depositors and borrowerxs before returningthe
, the Warsaw-based parent company of , would like to retur n its $37.5 million in TARP (troubled assets relief program) funds to the federall government before the end of the said President and CEOPeterr Humphrey. The banking company accepted the moneuy late last year in exchange for sellintg senior preferred shares tothe government. “The rulee have changed (and) that makes this less attractive, so Five Star Bank is thinkiny maybe we ought to pay this back and get out from underneatuthe program,” Humphrey said. “We’re ‘How do we pay back TARP whiled still having an ample amount of capital to supporft futuregrowth initiatives?
’ ” The bank has no definitives plans in place to return the money, but Humphreyy is eager to get out of the federal programj due to retroactive changes to the initiakl Capital Purchase Plan agreement, including limits on executives compensation that deny the payment of cash incentives to employees until TARP funds are repaid. “It’z just the fact that there aremore certifications, more regulations, more compliancse requirements and, frankly, with that comes risk,” Humphrey said. “We’rer heavily regulated anyway. How would you like to enter into a contracrt and then four months later have the termw of thatcontract change?
” Other area bankes that borrowed TARP funds have not publicly announced plans to repa y the money. Neither nor , which received $600 millio and $2.5 billion have made commitments to returmnthe funds, according to spokespeople at both At press time, , which borrowed $184 million from the governmenyt and recently completed a stock sale that nettee $360 million, was announcing no firm pland to repay the funds. An announcement was expectexd May 28 and updates will be postedon www.buffalo.bizjournals.
co Last month, M&T Bank’s chief financial Rene Jones, said the bank “tend(s) not to be a first and plans to wait for more clarity from the governmenf before repaying the money. KeyBank officials have said they want to pay back the fundse as soon as but there is no time framein place. The Capitalp Purchase Plan was introduced last fall by the governmeny as a way to increase lendinb and jolt thefalterinfg economy. Under initial terms of the plan, banks were required to raisre private capital before TARP funds could be But some terms of the plans changedfollowing February’s economic stimulus bill, leaving repayment guidelinex less than clear.
According to a May 22 report fromthe U.S. Treasur y Department, just 16 banks around the countryu – including one Upstate New York inSyracuse – have been allowed by the government to repauy TARP funds. Several calls made to the U.S. Treasur y Department to clarify TARP repayment terms were not As part of the CapitaplPurchase Plan, banks such as Five Star must make quarterlg interest payments to the So far, Five Star has made two payments totaling Humphrey said.
The money has been used to leverag ethe bank’s growth, including its commercial, agriculture, residential mortgage, home equityh and indirect automobile loan business, he About $200 million has been lent by the bank from the time it receivefd TARP money through April, he said. Humphrey insistss that the money was nota rather, it was intended for banka that were already And while the bank, early on, viewed the Capitakl Purchase Plan as a positive program, retroactive changes to the agreemen t have made it less appealing, he said.
But he wantsa to make sure his bank will support both depositors and borrowerxs before returningthe
Wednesday, October 6, 2010
Lewis' company filed for Chapter 7 - Berkshire Eagle
http://babacanweb.com/daleekvart8.php
Lewis' company filed for Chapter 7 Berkshire Eagle ... sold to Cutter Gloves of Phoenix last month after its assets were acquired by Boston Private Bank following a Chapter 7 liquidation filing in August. ... |
Monday, October 4, 2010
Our View- SB 1440 will streamline acceptance into the CSU - Daily 49er
http://www.zijingcity.com/instant-payday-loans-are-here-to-help-you/
Our View- SB 1440 will streamline acceptance into the CSU Daily 49er Dubbed "AG," these requirements streamlined acceptance to the CSU and the University of California systems. In 1960, California enacted the Donahoe Higher ... Fresno State application deadline: Nov. 30 |
Sunday, October 3, 2010
State Farm plans to drop property coverage in Florida - Orlando Business Journal:
martaemimbzini.blogspot.com
The plan includes insurance coveragefor renters, condominium unit owners, personal liability, boats, personapl articles and business property, and liability policies, State Farm, the largesy private property insurer in Florida, said in a release. It does not affecgt auto insurance, life, health insurance or other financiakl services. The company said its inability to obtaijn regularly approval for what it believez to be adequate propertyg insurance rates weakened its financial The company filed for an overall statewided homeowners insurance rate increaseof 47.1 percenf in July. The filing was disapproved Jan. 12 by statd regulators.
Florida’s hurricane exposure posesa financial risk for anypropertyy insurer, State Farm said, adding that even withoutr a hurricane, the company’s operating costss in Florida have risen as day-to-dag claims increased both in number and severitgy and state-mandated discounts further reduced revenue. State Farm Florida’ s surplus dropped by $201 million in the firstg three quartersof 2008, the release said. The plan to discontinue propertyh insurance in Florida would take two yearse to complete and requiresregulatorgy review. State Farm said it would not take any action untilp the regulatory processis complete.
The Office of Insurance Regulation will reviea the plans to ensure they are in compliancd with Florida law and will explore alllegap options, Kevin McCarty, , said in a separat e statement. “I will do everything withi my power to protect Florida consumer from unnecessary destabilization of the insurancee market this might cause and to ensurse that Florida consumers are protected and have access to insurancs at rates that are not excessive or unfairly McCarty said. Regulators have 90 days to approveState Farm’e plan, and if approved, State Farm must then providr 180 days notice to customersw before any policies can be McCarty said.
State Farm Florida, headquartered in Wintetr Haven, had more than 1.2 million property policies in forc e asof Sept. 30, including 703,00p0 homeowners policies.
The plan includes insurance coveragefor renters, condominium unit owners, personal liability, boats, personapl articles and business property, and liability policies, State Farm, the largesy private property insurer in Florida, said in a release. It does not affecgt auto insurance, life, health insurance or other financiakl services. The company said its inability to obtaijn regularly approval for what it believez to be adequate propertyg insurance rates weakened its financial The company filed for an overall statewided homeowners insurance rate increaseof 47.1 percenf in July. The filing was disapproved Jan. 12 by statd regulators.
Florida’s hurricane exposure posesa financial risk for anypropertyy insurer, State Farm said, adding that even withoutr a hurricane, the company’s operating costss in Florida have risen as day-to-dag claims increased both in number and severitgy and state-mandated discounts further reduced revenue. State Farm Florida’ s surplus dropped by $201 million in the firstg three quartersof 2008, the release said. The plan to discontinue propertyh insurance in Florida would take two yearse to complete and requiresregulatorgy review. State Farm said it would not take any action untilp the regulatory processis complete.
The Office of Insurance Regulation will reviea the plans to ensure they are in compliancd with Florida law and will explore alllegap options, Kevin McCarty, , said in a separat e statement. “I will do everything withi my power to protect Florida consumer from unnecessary destabilization of the insurancee market this might cause and to ensurse that Florida consumers are protected and have access to insurancs at rates that are not excessive or unfairly McCarty said. Regulators have 90 days to approveState Farm’e plan, and if approved, State Farm must then providr 180 days notice to customersw before any policies can be McCarty said.
State Farm Florida, headquartered in Wintetr Haven, had more than 1.2 million property policies in forc e asof Sept. 30, including 703,00p0 homeowners policies.
Friday, October 1, 2010
'The Increasingly Poor Decisions of Todd Margaret' Review - Ology
vorotintseyqah.blogspot.com
Zap2it.com (blog) | 'The Increasingly Poor Decisions of Todd Margaret' Review Ology Premiering tonight on IFC is The Increasingly Poor Decisions of Todd Margaret, a half hour show created, written by, and starring none ... 'Increasingly Poor Decisions of Todd Margaret's' David Cross: 'It's not like ... 'Todd Margaret': American idiot exported TV Tonight: The Increasingly Poor Decisions of Todd Margaret |
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