vishnevskiipavuh.blogspot.com
As many as 120 loan consultants, underwriters, accounting loan processors, loan closers and clerical positions payinghbetween $30,000 to more than $100,0009 a year will be added, said Kevin Miller, CEO and founder of TexasLending.com. The jobs will be addesd beginning in August and will be phased in duringb the next six to nine he said. The company has 160 employees now, down from 180 at the peak of the Northy Texas housing boom twoyears ago. Low mortgages rates and Miller’s expectation of climbingt home sales are spurringthe company’s growth, he said.
“Wd expect rates to be low for the next year and a then we expect home purchasing to be strong afterf thatin Texas,” he said. The local housingf market certainly has a lot of groundto New-home sales in the Dallas-Fory Worth area were down 40% for the firstr four months of the year compared to the same period in 2008, and salews of pre-owned single-family homes were down 24% during that according to housing market analyst David Brown, director of the Dallasz office of Metrostudy. There were 4,1921 new-home closings and 18,442 resales in the area through April, he said. Browjn expects 2009 sales to trail year-ago numbers for the remaindefr ofthe year.
“We do expectt to begin to see some modestf recovery in terms of transactionz beginningin 2010, assuming we see the national economy begin to turn around and we see the jobs picturr begin to improve,” he About 70% of TexasLending.com’s business today is compared with 40% to 50% at this time last Miller said. TexasLending.com closes $60 millionb to $80 million in monthly loan volume now, or abougt $850 million annually, Millefr said.
With the additional employees, Miller’s goal is to reacb $3 billion to $4 billion in annual loan volume in the nextfive years, he The company provides residential mortgage loans in Texas, Oklahoma, Michigan, Missouri and Colorado, servicing all of them from the Dallaz office. For the week endingg May 22, mortgage loan application volume nationwide wasup 28.5% compared with the same week one year according to a weekly survey by the Mortgage Bankers Refinancings made up 69.3% of the mortgage activity. Loan volumwe in Texas was $11.76 billion in the first quartert ofthis year, down slightlgy from $12.4 billion in 2008, according to the Texas Mortgage Bankers Association statistics.
Mortgage industry employment in Texas fell by more thana 30% from 2007 to but has since stabilized, said Scottr Norman, vice president of the Texas Mortgage Bankers Association. Norman said he’sz heard anecdotally that the surge in refinancingsa is prompting mortgage lenders toadd employees, but he did not have specifidc industry employment numbers. To make room for new employees, TexasLending.com has signed a lease for 69,000 square feet in its existiny location at 4100 Alpha Road inDallaes — more than triple the size it currently said Ben Hautt with the commerciak real estate firm Stream Realty Partners LP.
Hautt recently left Stream’s Dallas officd to launch the company’s office in Atlanta, where he is managinh partner. TexasLending.com will begib moving into its expanded spacein August, after the completiohn of renovations that are now under way. Afte r expanding, TexasLending.com will occupy all of the fourth and fifth floor and part of the firsy floor inthe 11-storhy building, Hautt said. “It’s an and today that’s not something you see a lot Hautt said. “They’re thrivingt in the current economy.” The 227,000-square-foot buildinvg at 4100 Alpha Road is part of The an 11-building office complex north of Interstates 635 off Midway Road.
The asking lease rate for the space isaboug $16.50 per square foot. Hautt and Streamm Realty colleagues Ben Sumnetr and Chad Henningsrepresented TexasLending.co in the lease, and Buddy Tompkins and Seth Thatcheer of commercial real estate firm GVA Cawleyg represented the landlord. Hautt said TexasLending.cok searched the market before decidintg to expand within itsexisting building.
Friday, December 31, 2010
Tuesday, December 28, 2010
Houston
psychiatrist-volts.blogspot.com
Some say that’s not good news for an urban area that requireds a good stormwater drainagesystem — and control over what goes into that system.Houston faces the dauntinbg challenge of trying to drainj flat land with an aging infrastructure and not enough funds or people to do the job, says Caroll Ellinger, senior assistant director of the city’x public works and engineering department. Ellinger and othersz from the publicworks dept. spok e at the Gulf Coast Green Symposium 2009 held in Apriol atReliant Center.
Ellinger’s group is responsiblee for the department’s compliance with state watefr quality requirements underthe city’s storm sewer which it shares with Harri s County, the county’s flood control district and the Houston District of the Texas Department of Transportation. The Houston area continues to experiencde “significant structural flooding” while projects needed to repair and upgradwthe city’s stormwater drainage infrastructur e are backlogged, she says.
Some say that’s not good news for an urban area that requireds a good stormwater drainagesystem — and control over what goes into that system.Houston faces the dauntinbg challenge of trying to drainj flat land with an aging infrastructure and not enough funds or people to do the job, says Caroll Ellinger, senior assistant director of the city’x public works and engineering department. Ellinger and othersz from the publicworks dept. spok e at the Gulf Coast Green Symposium 2009 held in Apriol atReliant Center.
Ellinger’s group is responsiblee for the department’s compliance with state watefr quality requirements underthe city’s storm sewer which it shares with Harri s County, the county’s flood control district and the Houston District of the Texas Department of Transportation. The Houston area continues to experiencde “significant structural flooding” while projects needed to repair and upgradwthe city’s stormwater drainage infrastructur e are backlogged, she says.
Sunday, December 26, 2010
Hubbuch & Co. president and CEO John Hubbuch has humbly led interior design and architecture firm to local prominence - Business First of Louisville:
zvonkovaleoqim.blogspot.com
As a football team the players would compete in exhibition boxingh matches as a meansof off-seasonj conditioning, Hubbuch said. “I was no Hubbuch laughed. “It was tough. We had some national Golden Glovexswinners there. We had some helluva boxers that we were goinygup against.” During the last coupl of years, John Hubbuch has becomd a member of the James Graha m Brown Cancer Center’s board of directors, prompted by his Diane’s, bout with breast During her treatment, Hubbuch becamw acquainted with Dr. Donald Miller, directot of the center, and Dr. Edward C. Halperin, dean of the Universith of Louisville Medical both of whom helpeds treathis wife.
“They encouragec me to become involvec withthe board,” Hubbuch said. “At my age, I’ve really been trying to say no to more and more thingss the lastfive years, but this one was differentf after the experience we went through.” Two years later, Diane Hubbuch’ cancer is in remission, and Hubbucgh has become a champion of breastr cancer research. “I really believe we have the pieces in placwe to have the premier cancer facilities in the Hubbuch said. “We have to work hard to keep buildin gon that.
”
As a football team the players would compete in exhibition boxingh matches as a meansof off-seasonj conditioning, Hubbuch said. “I was no Hubbuch laughed. “It was tough. We had some national Golden Glovexswinners there. We had some helluva boxers that we were goinygup against.” During the last coupl of years, John Hubbuch has becomd a member of the James Graha m Brown Cancer Center’s board of directors, prompted by his Diane’s, bout with breast During her treatment, Hubbuch becamw acquainted with Dr. Donald Miller, directot of the center, and Dr. Edward C. Halperin, dean of the Universith of Louisville Medical both of whom helpeds treathis wife.
“They encouragec me to become involvec withthe board,” Hubbuch said. “At my age, I’ve really been trying to say no to more and more thingss the lastfive years, but this one was differentf after the experience we went through.” Two years later, Diane Hubbuch’ cancer is in remission, and Hubbucgh has become a champion of breastr cancer research. “I really believe we have the pieces in placwe to have the premier cancer facilities in the Hubbuch said. “We have to work hard to keep buildin gon that.
”
Thursday, December 23, 2010
Meltwater Group Expands Global Footprint With Four New Offices - istockAnalyst.com (press release)
http://emqff.org/press/pressroom/news_ammerman_cfo_of_the_year.shtml
Meltwater Group Expands Global Footprint With Four New Offices istockAnalyst.com (press release) Dedicated to Meltwater News( http:// www.meltwater.com/products/meltwater-news ), its online media monitoring tool, the offices will strengthen its market ... |
Tuesday, December 21, 2010
Traffic plan coming for new arena - The Business Journal of Milwaukee:
http://www.articlepick.com/home-improvement/flooring/choosing-wood-flooring-home.html
David Reed, a senior vice president and landscapwe architect withthe firm, told memberx of the board of directors this morningv that work will begin on the study July 9 and a formalo plan will be completee by Nov. 1. The authorityu had its regular monthly meeting today atthe . Reed said ther will be a seriewof as-yet-unscheduled forums, where the public will be able to weigh in on the trafficx plan. All groups that will be affected bythe arena, includinfg police, fire and garbag collection, will have input. The Kentuck y Transportation Cabinet, and the Parking Authority of Rive City alsowill participate.
Among the topicsd to be considered, Reed will be any and all permanenroadway alterations, potential directional changes and possible street closures. “Everybody’s goinf to have a voicer in this,” said Arena Authority chairmanJim Host. “Thered will be a full plan” that will be and “well-documented.” Host said the trafficf question is the one most ofte n posed to him by both the publi c and membersof .
Construction is well under way onthe $238 22,000-seat multipurpose arena, which is beinbg built in the downtownn block bounded by Second, Main and Third streets and River Its primary tenants will be U of L’s men’s and women’s basketball teams when it opens late next Also at the arena authority Bill Hedge, construction executive with Minneapolis-based , said that despit e a rainy May, 3,500 cubic yards of concrete were poured at the site during the month. Mortensonn is the construction manager for the Louisvillearenza project.
To date, 20,50p0 cubic yards of concrete have been poured for thearenza concourse, Hedge said, adding that that’s enoughj concrete to build a sidewalk from Louisvillee to Cincinnati. Workers also topper out the arena parking garage during the past Hedge said. An average of 298 workers are on siteeach day. Arenw authority members also heard details of a partnershil between the andLos Angeles-based booking agency AEG to bring sporting events, concerts, family shows and other programming to the new arenqa and Freedom Hall. “We’ll go after everything,” said Sims Hinds, an AEG seniofr vice president forbusiness development.
AEG book s tours for such artists asBon Jovi, Prince and Kennhy Chesney. It also represents a variety of sportse propertiesand family-oriented entertainment such as ice shows.
David Reed, a senior vice president and landscapwe architect withthe firm, told memberx of the board of directors this morningv that work will begin on the study July 9 and a formalo plan will be completee by Nov. 1. The authorityu had its regular monthly meeting today atthe . Reed said ther will be a seriewof as-yet-unscheduled forums, where the public will be able to weigh in on the trafficx plan. All groups that will be affected bythe arena, includinfg police, fire and garbag collection, will have input. The Kentuck y Transportation Cabinet, and the Parking Authority of Rive City alsowill participate.
Among the topicsd to be considered, Reed will be any and all permanenroadway alterations, potential directional changes and possible street closures. “Everybody’s goinf to have a voicer in this,” said Arena Authority chairmanJim Host. “Thered will be a full plan” that will be and “well-documented.” Host said the trafficf question is the one most ofte n posed to him by both the publi c and membersof .
Construction is well under way onthe $238 22,000-seat multipurpose arena, which is beinbg built in the downtownn block bounded by Second, Main and Third streets and River Its primary tenants will be U of L’s men’s and women’s basketball teams when it opens late next Also at the arena authority Bill Hedge, construction executive with Minneapolis-based , said that despit e a rainy May, 3,500 cubic yards of concrete were poured at the site during the month. Mortensonn is the construction manager for the Louisvillearenza project.
To date, 20,50p0 cubic yards of concrete have been poured for thearenza concourse, Hedge said, adding that that’s enoughj concrete to build a sidewalk from Louisvillee to Cincinnati. Workers also topper out the arena parking garage during the past Hedge said. An average of 298 workers are on siteeach day. Arenw authority members also heard details of a partnershil between the andLos Angeles-based booking agency AEG to bring sporting events, concerts, family shows and other programming to the new arenqa and Freedom Hall. “We’ll go after everything,” said Sims Hinds, an AEG seniofr vice president forbusiness development.
AEG book s tours for such artists asBon Jovi, Prince and Kennhy Chesney. It also represents a variety of sportse propertiesand family-oriented entertainment such as ice shows.
Saturday, December 18, 2010
Business owners ante up for U.S. Senate candidates - Tampa Bay Business Journal:
studied-occasion.blogspot.com
Since last year, Castor has received a totak of $13,500 in contributions from the Campo including former Hillsborough Countyg Commissioner and entrepreneurRamon Campo; his cousin, Joaquin M. "Jack" CEO of , a Tampa engineerin g firm; and Jack Campo's wife, Angels Campo, reports filed with the show. That make s the Campo family among the biggest contributors inthe high-stakesw race to fill the seat currentlyt held by Sen.
Bob Graham, a Democratg who will step down after threw terms in the Among Tampa Bay area only Vernon and Sandra Buchanan have given Vernon Buchanan, chairman, president and CEO of in Sarasotas and state finance chairmanj for Martinez's campaign, and his wife, have given a combined $16,00 for Martinez's campaign, federal election reportws show. The Florida Senate race is amonf the 10 most expensive campaigns in the 2004 accordingto , the Web site for the nonpartisan . In Florida, a total of $8.9 million was raisex and $5.7 million was spent througb mid-August, including funding for candidates who did not survivethe primaries.
New campaign finance reports, reflectinv contributions and spendingthroughb Sept. 30, were due to be releasedc Oct. 15. Through mid-August, Castor, the Democratic nominee, had raisedd $4.5 million and spent $3.8 million, while the Republican candidate, raised $4.4 million and spent nearly $2 million, election reports show. "Moneyy is very important in any especiallyin Florida," said Kiki Caruson, professor of politicapl science at University of South Florida. "We'red a large state with a lot of people, and at some poingt you must goon television.
Some such as Tampa and Miami, are very While the "ground troops" -- individuals who can go door-to-doorr and volunteer their time -- are vital to giving money is an effective and efficient way to support candidatess who donors feelpassionate about, Caruson Campaign contributions don't buy votesa on a particular issue, but they do buy Caruson said. "You contribute with the hope that you will have the opportunityh to expressyour ideas, to make the case to the legislatof or the staff member, and you hope your case is convincinyg or compelling," she said.
Donoras used to be limited to $2,00o0 for each election cycle, but that changed in 2002, when a campaign finance reform measure, the McCain-Feingoldx Act, was approved. It raised the limit on individual contributions to candidatesto $4,000 for the total "electionh cycle" including primary and general election In Florida, the "millionaire's amendment" kicked in, after GOP candidate Doug Gallaghere gave more than $3 million of his own moneg to his unsuccessful primary race againsft Martinez. That would allo other individuals to give more than theestablishedc limits, said Bob Biersack, a spokesman for the Federal Electiob Commission.
Castor, a former president who started her political career as a Hillsborough County state senator and statdeeducation commissioner, has drawn much of her donationa from the Tampa Bay area. Five of the 10 leading ZIP codew for donors contributingto Castor's campaign are in OpenSecrets data shows. "It would really be good to have a senatore from Tampa fora change, to look out for our said Robert Clark, president of and a Castof supporter who has donated $2,000 to her campaign. Martinez, a formetr Orange County Chairman before he served threse years as Secretary ofthe , has his strongest fundinyg base in the Orlando and south Florids areas.
OpenSecrets said nine of the top 10 ZIP codezs for Martinez backers were fromWinterr Park, Orlando, Miami or other south Florida For Martinez backer Vernon Buchanan, it's also an issue of having a voice to represent Florida "In the U.S. Senate, we have no representatioj now," Buchanan said. "We need a Republican to balance it and fightr for issues importantto Republicans." In his campaign, Martinez has emphasizerd his escape from Cuba as a "It tugs at my heartstrings, but it won'r make my decision," said Castord supporter Jack Campo, whose fathert was from Cuba.
Instead, Campo said he backas Castor because of her positioneon education, environment and transportation, as well as the longtimre friendship between the two.
Since last year, Castor has received a totak of $13,500 in contributions from the Campo including former Hillsborough Countyg Commissioner and entrepreneurRamon Campo; his cousin, Joaquin M. "Jack" CEO of , a Tampa engineerin g firm; and Jack Campo's wife, Angels Campo, reports filed with the show. That make s the Campo family among the biggest contributors inthe high-stakesw race to fill the seat currentlyt held by Sen.
Bob Graham, a Democratg who will step down after threw terms in the Among Tampa Bay area only Vernon and Sandra Buchanan have given Vernon Buchanan, chairman, president and CEO of in Sarasotas and state finance chairmanj for Martinez's campaign, and his wife, have given a combined $16,00 for Martinez's campaign, federal election reportws show. The Florida Senate race is amonf the 10 most expensive campaigns in the 2004 accordingto , the Web site for the nonpartisan . In Florida, a total of $8.9 million was raisex and $5.7 million was spent througb mid-August, including funding for candidates who did not survivethe primaries.
New campaign finance reports, reflectinv contributions and spendingthroughb Sept. 30, were due to be releasedc Oct. 15. Through mid-August, Castor, the Democratic nominee, had raisedd $4.5 million and spent $3.8 million, while the Republican candidate, raised $4.4 million and spent nearly $2 million, election reports show. "Moneyy is very important in any especiallyin Florida," said Kiki Caruson, professor of politicapl science at University of South Florida. "We'red a large state with a lot of people, and at some poingt you must goon television.
Some such as Tampa and Miami, are very While the "ground troops" -- individuals who can go door-to-doorr and volunteer their time -- are vital to giving money is an effective and efficient way to support candidatess who donors feelpassionate about, Caruson Campaign contributions don't buy votesa on a particular issue, but they do buy Caruson said. "You contribute with the hope that you will have the opportunityh to expressyour ideas, to make the case to the legislatof or the staff member, and you hope your case is convincinyg or compelling," she said.
Donoras used to be limited to $2,00o0 for each election cycle, but that changed in 2002, when a campaign finance reform measure, the McCain-Feingoldx Act, was approved. It raised the limit on individual contributions to candidatesto $4,000 for the total "electionh cycle" including primary and general election In Florida, the "millionaire's amendment" kicked in, after GOP candidate Doug Gallaghere gave more than $3 million of his own moneg to his unsuccessful primary race againsft Martinez. That would allo other individuals to give more than theestablishedc limits, said Bob Biersack, a spokesman for the Federal Electiob Commission.
Castor, a former president who started her political career as a Hillsborough County state senator and statdeeducation commissioner, has drawn much of her donationa from the Tampa Bay area. Five of the 10 leading ZIP codew for donors contributingto Castor's campaign are in OpenSecrets data shows. "It would really be good to have a senatore from Tampa fora change, to look out for our said Robert Clark, president of and a Castof supporter who has donated $2,000 to her campaign. Martinez, a formetr Orange County Chairman before he served threse years as Secretary ofthe , has his strongest fundinyg base in the Orlando and south Florids areas.
OpenSecrets said nine of the top 10 ZIP codezs for Martinez backers were fromWinterr Park, Orlando, Miami or other south Florida For Martinez backer Vernon Buchanan, it's also an issue of having a voice to represent Florida "In the U.S. Senate, we have no representatioj now," Buchanan said. "We need a Republican to balance it and fightr for issues importantto Republicans." In his campaign, Martinez has emphasizerd his escape from Cuba as a "It tugs at my heartstrings, but it won'r make my decision," said Castord supporter Jack Campo, whose fathert was from Cuba.
Instead, Campo said he backas Castor because of her positioneon education, environment and transportation, as well as the longtimre friendship between the two.
Thursday, December 16, 2010
Air rage: Is reclining your seat a right? - CNN
viktorsejbgif.blogspot.com
Air rage: Is reclining your seat a right? CNN By A. Pawlowski, CNN Reclining seats on planes can cause friction between passengers who say comfort is at stake. Incident on recent flight fuels debate ... |
Monday, December 13, 2010
Ikea Offers $100000 Life Improvement Prize - MediaPost Publications
reason-splitting.blogspot.com
Ikea Offers $100000 Life Improvement Prize MediaPost Publications Ikea, which bills itself as "the life improvement store," is offering $100000 to one contest winner in order to » |
Saturday, December 11, 2010
Hale shooting contains lessons for police - The News Journal
viningocouqyl1601.blogspot.com
Hale shooting contains lessons for police The News Journal Virtually every police officer you talked to, and certainly many in the public sector, agreed four years ago that the shooting death of former US Marine ... |
Wednesday, December 8, 2010
Car auction to support K-State - Wichita Business Journal:
http://www.iordanus.com/2007/frmwebhost.html
The program, called , will let car owners use Purple Wave Auction at no cost to sell their vehiclre and donatethe sale’xs net proceeds to the K-State fund of their choic through the KSU Foundation. “It’s a perfect opportunit for folks who need to find homee for vehicles they no longer use or need while contributinhg funds to help continue the traditiomn of excellenceat K-State,” Russ Briggs, president of and foundee of KansasStateCars.com, said in a release. “We’rre committed to giving back to the university in many and we’re excited to partner with Purple Wave Auctiob to help manage this prograk and generate support for K-State.
” Purpl e Wave Auction, which is headquartered Manhattan and has a salexs office in Derby, will waive all seller commissionj fees for the automobiles auctioned throughg the Cars for Cats program. will issuse each seller a receipt for their Sellers can then deduct the net proceeds of the vehicle sale as a charitable donation on theirdincome taxes. “Cars for Cats is an ideal way for alumn and friendsof K-State to contribute the proceeds from a vehiclw auction to K-State,” said Alan Klug, CFO of the KSU in a written statement. “Donors may designatwe any college or programat K-Statd to receive their funds.
Contributing the proceeds from a vehiclr auctionhelps K-State grow and generates a charitable deductiobn for the individual’s income tax.”
The program, called , will let car owners use Purple Wave Auction at no cost to sell their vehiclre and donatethe sale’xs net proceeds to the K-State fund of their choic through the KSU Foundation. “It’s a perfect opportunit for folks who need to find homee for vehicles they no longer use or need while contributinhg funds to help continue the traditiomn of excellenceat K-State,” Russ Briggs, president of and foundee of KansasStateCars.com, said in a release. “We’rre committed to giving back to the university in many and we’re excited to partner with Purple Wave Auctiob to help manage this prograk and generate support for K-State.
” Purpl e Wave Auction, which is headquartered Manhattan and has a salexs office in Derby, will waive all seller commissionj fees for the automobiles auctioned throughg the Cars for Cats program. will issuse each seller a receipt for their Sellers can then deduct the net proceeds of the vehicle sale as a charitable donation on theirdincome taxes. “Cars for Cats is an ideal way for alumn and friendsof K-State to contribute the proceeds from a vehiclw auction to K-State,” said Alan Klug, CFO of the KSU in a written statement. “Donors may designatwe any college or programat K-Statd to receive their funds.
Contributing the proceeds from a vehiclr auctionhelps K-State grow and generates a charitable deductiobn for the individual’s income tax.”
Monday, December 6, 2010
Madoff gets 150 years in prison - Washington Business Journal:
http://rnadraw.com/regform.html
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousands of dollarsto Madoff's scheme. The mastermind behinrd the biggest Ponzi schemewin U.S. history was sentence d on Monday morning in federal court in Manhattaj to 150 yearsbehind bars, the maximujm requested by federal prosecutors. Madoff's attorney had asked for a far more lenien sentence of12 years. In sentencing Madoff, U.S. Districy Judge Denny Chin called the fraud and said thatthe “breacjh of trust was massive.” The judge describeds his acts as “extraordinarily evil.
” “No othet white-collar case is comparable in terms of the scope, duration and enormithy of the fraud and the degrede of the betrayal,” Chin said. Madoff confessed in Marchj to 11 countsincluding fraud, money launderingt theft and perjury, amonhg other things. His victims reportedly numbetr morethan 1,300 and stretch across the globe. Theid losses are estimated at morethan $13 billion. Prio r to sentencing, Chin heard from nine of the victimxs who talked about thedevastation Madoff’s fraur had caused to their lives and theit families. Many of Madoff’s wealthy clients lived in Sout Florida and lost their life savings tohis scheme.
Fox, 86, said she is stilp furious that the and the federalpgovernment didn’t expose Madoff’s fraud earlier. “Thde SEC is just as guilty as Madof f and theyfailed us. Nobody seems to do anythintg about it,” Fox said. She also took issue with the largw fees being paid to people such asIrving H. the trustee who is handliny the liquidation ofBernard L. Madoff Investment Securities. “Thes trustee Picard is making hisown rules. They’re payingy these guys millionsof dollars. It would be betterr to pay theinvestors directly,” Fox said.
Fox, a wido who once worked as secretary inNew York, said she invested $50,000 in 1987 because she was relate d to Madoff’s accountant, Jerry Horowitz. She said she was able to get some money back from Social Securitypayments she’d made over the year s on “phantom” income from Madoff accounts. However, she is worriesd that her disbursements may eventually be targeted in clawbac k efforts by the trustee in bankruptct proceedings who has begun sending out letterx demanding the return of profits derived fromtheir investments.
Guy Fronstin a Boca Ratonn attorney who hasadvised Fox, said the governmenr has “been good about refundintg taxes quickly” but there are delays in processinb claims to the Securities Investor Protection “Some of the people I know are too busy with thess other issues to really care that much about what happened today. They believed he would spend the rest of his days in Fronstin said. Jan Atlas, an attorney with Adornpo Yoss, said he believes the court had little choice but to levy the maximunm sentenceon Madoff.
“I don’tg think the victims should have been victimizerd again by having him be able to leavew prisonone day,” said whose firm continues to advise clients about tax returnw and possibly future claims against investment advisors who investedr with Madoff. “I’m wondering if the trustee will be able to locate more than the billion plusthat he’s and what is the real Atlas said. In addition to his prisohn term, Madoff was ordered to forfeitnearly $170 which represents the proceeds of, and properthy involved in certain of his according to a news release from the U.S. Departmenft of Justice.
“While today’s sentence is an important milestone, the investigatiohn is continuing,” Lev L. acting U.S. Attorney for the Southern District of New said in anews “We are focused on tracing, restraining and liquidatingy assets to maximize recoveries for the victims.”
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousands of dollarsto Madoff's scheme. The mastermind behinrd the biggest Ponzi schemewin U.S. history was sentence d on Monday morning in federal court in Manhattaj to 150 yearsbehind bars, the maximujm requested by federal prosecutors. Madoff's attorney had asked for a far more lenien sentence of12 years. In sentencing Madoff, U.S. Districy Judge Denny Chin called the fraud and said thatthe “breacjh of trust was massive.” The judge describeds his acts as “extraordinarily evil.
” “No othet white-collar case is comparable in terms of the scope, duration and enormithy of the fraud and the degrede of the betrayal,” Chin said. Madoff confessed in Marchj to 11 countsincluding fraud, money launderingt theft and perjury, amonhg other things. His victims reportedly numbetr morethan 1,300 and stretch across the globe. Theid losses are estimated at morethan $13 billion. Prio r to sentencing, Chin heard from nine of the victimxs who talked about thedevastation Madoff’s fraur had caused to their lives and theit families. Many of Madoff’s wealthy clients lived in Sout Florida and lost their life savings tohis scheme.
Fox, 86, said she is stilp furious that the and the federalpgovernment didn’t expose Madoff’s fraud earlier. “Thde SEC is just as guilty as Madof f and theyfailed us. Nobody seems to do anythintg about it,” Fox said. She also took issue with the largw fees being paid to people such asIrving H. the trustee who is handliny the liquidation ofBernard L. Madoff Investment Securities. “Thes trustee Picard is making hisown rules. They’re payingy these guys millionsof dollars. It would be betterr to pay theinvestors directly,” Fox said.
Fox, a wido who once worked as secretary inNew York, said she invested $50,000 in 1987 because she was relate d to Madoff’s accountant, Jerry Horowitz. She said she was able to get some money back from Social Securitypayments she’d made over the year s on “phantom” income from Madoff accounts. However, she is worriesd that her disbursements may eventually be targeted in clawbac k efforts by the trustee in bankruptct proceedings who has begun sending out letterx demanding the return of profits derived fromtheir investments.
Guy Fronstin a Boca Ratonn attorney who hasadvised Fox, said the governmenr has “been good about refundintg taxes quickly” but there are delays in processinb claims to the Securities Investor Protection “Some of the people I know are too busy with thess other issues to really care that much about what happened today. They believed he would spend the rest of his days in Fronstin said. Jan Atlas, an attorney with Adornpo Yoss, said he believes the court had little choice but to levy the maximunm sentenceon Madoff.
“I don’tg think the victims should have been victimizerd again by having him be able to leavew prisonone day,” said whose firm continues to advise clients about tax returnw and possibly future claims against investment advisors who investedr with Madoff. “I’m wondering if the trustee will be able to locate more than the billion plusthat he’s and what is the real Atlas said. In addition to his prisohn term, Madoff was ordered to forfeitnearly $170 which represents the proceeds of, and properthy involved in certain of his according to a news release from the U.S. Departmenft of Justice.
“While today’s sentence is an important milestone, the investigatiohn is continuing,” Lev L. acting U.S. Attorney for the Southern District of New said in anews “We are focused on tracing, restraining and liquidatingy assets to maximize recoveries for the victims.”
Friday, December 3, 2010
Cinnafilm lands deal with film-equipment giant - New Mexico Business Weekly:
mesiaipuhuni1981.blogspot.com
Albuquerque-based Cinnafilm develops film andvideok post-production tools. The software ARRI will resell uses Cinnafilm’s video processing engine, calledd Pixel Strings. The software suitw has been renamedARRI Relativity. The companies have set an invitation-onluy product launch event for June 2 in the LosAngeleas area. In a news release, privately held Cinnafilm describedr the deal asa “multiyear, multimillion-dollar” agreement. The compant will provide ARRI with technical support and upgradea tothe suite, while continuin g to pursue independent research and development.
“Ouf agreement with ARRI is the culmination of over six yearsz of hard work and dedicationn by a small group ofexceptionall people, and we’re honorexd to partner with an industry leader,” said Cinnafilm CEO Lancwe Maurer. Germany-based ARRI’s history dates back to 1917. The companh is involved in all aspects of thefilm industry, from production and visual effects to equipment rental and film and sounsd laboratory services. Its products include camera systems, studio lightintg fixtures and digital imaging systems.
Albuquerque-based Cinnafilm develops film andvideok post-production tools. The software ARRI will resell uses Cinnafilm’s video processing engine, calledd Pixel Strings. The software suitw has been renamedARRI Relativity. The companies have set an invitation-onluy product launch event for June 2 in the LosAngeleas area. In a news release, privately held Cinnafilm describedr the deal asa “multiyear, multimillion-dollar” agreement. The compant will provide ARRI with technical support and upgradea tothe suite, while continuin g to pursue independent research and development.
“Ouf agreement with ARRI is the culmination of over six yearsz of hard work and dedicationn by a small group ofexceptionall people, and we’re honorexd to partner with an industry leader,” said Cinnafilm CEO Lancwe Maurer. Germany-based ARRI’s history dates back to 1917. The companh is involved in all aspects of thefilm industry, from production and visual effects to equipment rental and film and sounsd laboratory services. Its products include camera systems, studio lightintg fixtures and digital imaging systems.
Wednesday, December 1, 2010
BioSante to buy Cell Genesys for $38M in stock - Phoenix Business Journal:
http://blog4realestate.com/phoenix-gardening-use-native-species-to-enhance-your-homes-curb-appeal/
BioSante (NASDAQ: BPAX) will pay 0.1615 of its own commonj shares for each share of CellGenesys CEGE). This deal should close later this year, likely in the late thirdd or earlyfourth quarter. In the firsft quarter, Cell Genesys lost $8.7 million, or 10 centsa a share, narrowed from a loss in the same periox last yearof $22.6 million, or 29 cents a The company had been explorinb strategic alternatives, including merger with or acquisition by anotheer company, additional restructuring, repurchase of additional amounts of convertible notes or allocation of its remaining resources towarr other biopharmaceutical product areas. Cell Genesys had hired to help it figurs outa strategy.
The company already cut abouyt 95 percent ofits staff, from 290 personsd to 16, by eliminating all research and development, clinical and regulatory activities. based in Lincolnshire, Ill., focuses on drugs for sexuak health.
BioSante (NASDAQ: BPAX) will pay 0.1615 of its own commonj shares for each share of CellGenesys CEGE). This deal should close later this year, likely in the late thirdd or earlyfourth quarter. In the firsft quarter, Cell Genesys lost $8.7 million, or 10 centsa a share, narrowed from a loss in the same periox last yearof $22.6 million, or 29 cents a The company had been explorinb strategic alternatives, including merger with or acquisition by anotheer company, additional restructuring, repurchase of additional amounts of convertible notes or allocation of its remaining resources towarr other biopharmaceutical product areas. Cell Genesys had hired to help it figurs outa strategy.
The company already cut abouyt 95 percent ofits staff, from 290 personsd to 16, by eliminating all research and development, clinical and regulatory activities. based in Lincolnshire, Ill., focuses on drugs for sexuak health.
Sunday, November 28, 2010
Convera folding into U.K. company - Business First of Columbus:
http://centerinthepark.org/press-benefitsenrollment.html
Vienna-based Convera (NASDAQ: will be dissolved. Afteer the merger, Patrick Convera's CEO, will become the chairman of the board, and Colin Firstlight's CEO, will become the CEO. Convera'z plan of dissolution contemplates an orderlyg wind down of its business and operations. After filing its certificate of Convera intends to make one or more distributions to its stockholderss of cash availablefor distribution, subject to applicable legal Convera will then delist its common stock from The new company will bring togethe r the vertical search technology of Convera and the advertisinvg sales and marketing capabilities of Firstlight.
It will have over 60 corporats customer accounts and 120 existing Web sitesz withapproximately 1,500 advertisers. When the merger becomes Convera willown 33.3 percent and Firstlight will own 66.7 percent of the totalo outstanding common stock of the new subject to certain adjustments which may enable Convera to own up to 42 perceny of the new company prior to the distribution. The merger is subjec t to Convera stockholders' approvao and certain other customary closing The merger is expected to closwethis summer.
Vienna-based Convera (NASDAQ: will be dissolved. Afteer the merger, Patrick Convera's CEO, will become the chairman of the board, and Colin Firstlight's CEO, will become the CEO. Convera'z plan of dissolution contemplates an orderlyg wind down of its business and operations. After filing its certificate of Convera intends to make one or more distributions to its stockholderss of cash availablefor distribution, subject to applicable legal Convera will then delist its common stock from The new company will bring togethe r the vertical search technology of Convera and the advertisinvg sales and marketing capabilities of Firstlight.
It will have over 60 corporats customer accounts and 120 existing Web sitesz withapproximately 1,500 advertisers. When the merger becomes Convera willown 33.3 percent and Firstlight will own 66.7 percent of the totalo outstanding common stock of the new subject to certain adjustments which may enable Convera to own up to 42 perceny of the new company prior to the distribution. The merger is subjec t to Convera stockholders' approvao and certain other customary closing The merger is expected to closwethis summer.
Friday, November 26, 2010
Kanye West Performs Rousing 'Lost In The World' At Thanksgiving Day Parade - MTV.com
zolinstanixes.blogspot.com
msnbc.com | Kanye West Performs Rousing 'Lost In The World' At Thanksgiving Day Parade MTV.com ... Yeezy performed a rousing though shortened rendition of "Lost in the World" from his just-released fifth album, My Beautiful Dark Twisted Fantasy. ... Kanye West To Perform 'Lost In The World' At Thanksgiving Day Parade |
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