tenamup.wordpress.com
The Tampa-based parent company for Florida Bankraised $18.4 million in a rights which “strategically positions the company to take advantagee of growth opportunities,” the companyu announced Tuesday. The completed offering surpassex offerings tracked by SNL Financial from public banks based in Florida this year, which ranged from $428,000 to nearly $11 milliohn as of May 31. Florida Bank Groul is a private bank. “Most banks in the Unitedd States and in Florida need to raise additionapequity capital.
It is particularlu difficult for them to do so as many have had negativw earnings in 2008 and first quarter 2009 and the marketg prices for publicly held bank stocks are tradinhg at record low prices in termsw of the ratio of market price to tangiblrbook value,” said Ben chairman of Jacksonville-based investment banker Allen C. Ewing & Co. “In regardes to the Florida Bank Group this offering was very successful in that they apparentlhyraised $18 million, or 90 percen of their target raise of $20 especially in these existinvg market conditions.” Florida Bank has three branches in Jacksonville and 16 throughouyt the state.
Prior to the completerd equity raise, Florida Bank had a totall risk-based capital ratio of 11.7 percent as of Marcj 31, according to the Federalp DepositInsurance Corp. Regulators require that ratio to be at least 10 percent in order for the bank to be considered The bank grew total assetsby 64.3 percent to $858. 3 million in the first quarteer compared to ayear earlier. Total loanws increased 51.4 percent to nearly $665.8i million and total deposits jumpedc 85.2 percent to $687.5 million during that same period.
“Thixs infusion of new capital is a vote of confidence from our existingv shareholders that will allowFBG (Florida Bank Group) to enhanc e its financial strength and even further distinguish itselrf among other banks in the market said the company’s Chairman and CEO, Robert in the announcement. “This economicd climate offers unique opportunitiesa to grow and increase our customer base as consumersa and businesses areseeking strong, safe banking
Tuesday, July 31, 2012
Monday, July 30, 2012
Bluegrass Family Health selects Healthyroads - Business First of Louisville:
ycoguqi.wordpress.com
Financial terms of the agreement werenot disclosed. Healthyroadsa Inc. is a subsidiary of San Diego-based healthh and wellness company Under the terms ofthe agreement, eligible Bluegrass members can create a full healtbh profile at www.healthyroads.com. From there, they can assess theie health status and set health andfitnessd goals. Members also can track their daily nutrition, exercise, blood pressure and othe r health indicators, according to a news release. The Web site includews tips on nutrition, exercise, preventative health care and pain It also features anonline store, wheree members can purchase items such as educational books and heart-rate monitors, pedometers. Lexington, Ky.
-based Bluegraszs Family Health, part of Louisville-based , is a nonprofi t company that offers group health insurance to businessesdin Kentucky, Southern Indiana and Tennessee. It has salees offices in Louisvilleand Nashville, Tenn.
Financial terms of the agreement werenot disclosed. Healthyroadsa Inc. is a subsidiary of San Diego-based healthh and wellness company Under the terms ofthe agreement, eligible Bluegrass members can create a full healtbh profile at www.healthyroads.com. From there, they can assess theie health status and set health andfitnessd goals. Members also can track their daily nutrition, exercise, blood pressure and othe r health indicators, according to a news release. The Web site includews tips on nutrition, exercise, preventative health care and pain It also features anonline store, wheree members can purchase items such as educational books and heart-rate monitors, pedometers. Lexington, Ky.
-based Bluegraszs Family Health, part of Louisville-based , is a nonprofi t company that offers group health insurance to businessesdin Kentucky, Southern Indiana and Tennessee. It has salees offices in Louisvilleand Nashville, Tenn.
Sunday, July 29, 2012
China breaks ground on UHV transmission line - China Daily
bengeyqafiba1640.blogspot.com
China breaks ground on UHV transmission line China Daily HANGZHOU - Construction on a west-to-east ultra-high voltage direct current (UHV DC) power transmission project kicks off in East China's Zhejiang province on Saturday, marking the nation's latest efforts to ease power shortages in its eastern regions. China Builds West-East Electric Power Transmission Line |
Friday, July 27, 2012
FDIC: Banks rebound to $7.6B Q1 profit - Puget Sound Business Journal (Seattle):
deeshu-tatum.blogspot.com
billion profit in the first quartefof 2009, down $11.7 billion, or 60.8 from the $19.3 billion that the industry earneds in the first quarter of 2008. However, the first-quartefr performance marks an improvement overthe . Higheer loan-loss provisions, increased goodwill write-downs, and reduced incomre from securitization activities all contributes tothe year-over-year earnings decline in the firsyt quarter of 2009. Three out of five insured institution s reported lower net income in the firstg quarter and one in fivewas unprofitable.
"Ther first quarter results are tellingb us that the banking industry still faces tremendous and thatgoing forward, asset qualituy remains a major concern," said FDIC Chairmam Sheila C. Bair in an statement. "Banks are makinb good efforts to deal with thechallengex they're facing, but today's report says that we're not out of the woode yet." To that point, 21 FDIC-insurexd institutions failed during the firstt quarter -- the largest number sincew the fourth quarter in 1992. And the FDIC'es "Problem List" grew durinb the quarter from 252 to 305 and total assets of problem institutions increasexfrom $159 billion to $220 billion.
Insured institutionds set aside $60.9 billion in provisiond for loan losses in the firstquarterr -- up $23.7 billion, or 63.6 percent, over the first quartedr of 2008. Expenses for goodwill impairment and othe intangible asset expensestotaled $7.2 billion, compared with $2.8 billion a year These negative factors outweighed the positiv effects of increased noninterest incomse (up $7.8 billion, or 12.8 higher net interest incomes (up $4.4 billion, or 4.7 percent), and higheer realized gains on securitiees and other assets (up $1.9 billion). Insurefd institutions charged off $37.8 billion in bad loansw in thefirst quarter, almost twice the $19.6 billion of a year earlier.
"Troubled loans continude to accumulate, and the costs associatecd with impaired assets are weighing heavily onthe industry's Bair noted. "Nevertheless, compared to a year ago, we see some Net interest incomeis higher, and noninterest revenuer is up at larger banks, particularly tradinvg revenues." Tier 1 capitall reached a record high of almost $70 billion, the largesg quarterly increase ever reporter by the industry. However, much of the increase occurre d at institutions that received capital fromthe 'sz Troubled Asset Relief Program Total assets declined by $302 billion due to downsizin by a few large banks.
Two-thirds of all institutions reported asset growth inthe quarter, but reductiona at eight large banks caused the industrhy total to decline. Total loans and leases fell by $159.7 billion (2.1 percent), while assets in tradinv accounts declinedby $144.5 billion (14.9 percent). The FDIC's Deposit Insurance Fund reserve ratio fellto 0.27 percent. The DIF balanced declined from $17.3 billion at the end of 2008 (amendedc from the originally reported unauditeds balanceof $19 billion) to $13 billion on Marchj 31, 2009. However, the FDIC Board of Directors approved an amendexd restoration plan in February that is designed to restores the DIF reserve ratioto 1.15 percent withibn seven years.
The FDIC has already set asidr $28 billion in reserve to cover projecteed losses for the next12 months. In the FDIC will collect morethan $8 billionn in premiums during the seconr quarter, including $5.6 billion from the special assessment the FDIC Board approvedx on May 22.
billion profit in the first quartefof 2009, down $11.7 billion, or 60.8 from the $19.3 billion that the industry earneds in the first quarter of 2008. However, the first-quartefr performance marks an improvement overthe . Higheer loan-loss provisions, increased goodwill write-downs, and reduced incomre from securitization activities all contributes tothe year-over-year earnings decline in the firsyt quarter of 2009. Three out of five insured institution s reported lower net income in the firstg quarter and one in fivewas unprofitable.
"Ther first quarter results are tellingb us that the banking industry still faces tremendous and thatgoing forward, asset qualituy remains a major concern," said FDIC Chairmam Sheila C. Bair in an statement. "Banks are makinb good efforts to deal with thechallengex they're facing, but today's report says that we're not out of the woode yet." To that point, 21 FDIC-insurexd institutions failed during the firstt quarter -- the largest number sincew the fourth quarter in 1992. And the FDIC'es "Problem List" grew durinb the quarter from 252 to 305 and total assets of problem institutions increasexfrom $159 billion to $220 billion.
Insured institutionds set aside $60.9 billion in provisiond for loan losses in the firstquarterr -- up $23.7 billion, or 63.6 percent, over the first quartedr of 2008. Expenses for goodwill impairment and othe intangible asset expensestotaled $7.2 billion, compared with $2.8 billion a year These negative factors outweighed the positiv effects of increased noninterest incomse (up $7.8 billion, or 12.8 higher net interest incomes (up $4.4 billion, or 4.7 percent), and higheer realized gains on securitiees and other assets (up $1.9 billion). Insurefd institutions charged off $37.8 billion in bad loansw in thefirst quarter, almost twice the $19.6 billion of a year earlier.
"Troubled loans continude to accumulate, and the costs associatecd with impaired assets are weighing heavily onthe industry's Bair noted. "Nevertheless, compared to a year ago, we see some Net interest incomeis higher, and noninterest revenuer is up at larger banks, particularly tradinvg revenues." Tier 1 capitall reached a record high of almost $70 billion, the largesg quarterly increase ever reporter by the industry. However, much of the increase occurre d at institutions that received capital fromthe 'sz Troubled Asset Relief Program Total assets declined by $302 billion due to downsizin by a few large banks.
Two-thirds of all institutions reported asset growth inthe quarter, but reductiona at eight large banks caused the industrhy total to decline. Total loans and leases fell by $159.7 billion (2.1 percent), while assets in tradinv accounts declinedby $144.5 billion (14.9 percent). The FDIC's Deposit Insurance Fund reserve ratio fellto 0.27 percent. The DIF balanced declined from $17.3 billion at the end of 2008 (amendedc from the originally reported unauditeds balanceof $19 billion) to $13 billion on Marchj 31, 2009. However, the FDIC Board of Directors approved an amendexd restoration plan in February that is designed to restores the DIF reserve ratioto 1.15 percent withibn seven years.
The FDIC has already set asidr $28 billion in reserve to cover projecteed losses for the next12 months. In the FDIC will collect morethan $8 billionn in premiums during the seconr quarter, including $5.6 billion from the special assessment the FDIC Board approvedx on May 22.
Wednesday, July 25, 2012
IMF sticks to China growth view - MarketWatch
qalymeled.wordpress.com
IMF sticks to China growth view MarketWatch IMF sticks to China growth view. July 24, 2012|Sarah Turner, MarketWatch. SYDNEY (MarketWatch) â€" The International Monetary Fund's executive board said late Tuesday that the Chinese economy appears to be on track for a soft landing but that global ... |
Monday, July 23, 2012
Hispanic, black communities continue to be hit harder by recession - San Antonio Business Journal:
qalymeled.wordpress.com
Officials with the and the say risin g unemployment rates in minority communities may be finallyubottoming out. “Latino and African-Americabn workers have seen the worstr ofthis recession,” says Janett Murguía, president and CEO of Nationalp Council of La Raza, the largesrt national Hispanic civil rights and advocacy organization in the Unitedd States. “Though the outlook may seem bleak, minority communitiexs are invested in the promising deceleration of Nearly six months after President Obama signed the Americann Recovery and Reinvestment Actinto law, June unemploymeng reached a 26-year high of 9.
5 Meanwhile, unemployment for African Americans rose to nearlu 15 percent and nearly 13 percenyt for Hispanics. More federal interventiomn may be needed to stimulatethe economy, particularly in harder-hit minority says Christian Dorsey, a spokesman for the . “Thes slowing pace of job losses is a welcome relie and an indicator that the Americann Recovery and Reinvestment Act is effectively stimulating the Dorsey says.
“Unfortunately, the numbet of jobs it saves or creates pales in comparison towhat we’ve There are fewer jobs now than there were nine years ago, and in that time almosgt 13 million (more people) have been added to the labor and a greater share of individuals is unemployed long-term than at any point on record.” Heather Boushey, seniorr economist for the , agreed. “While employers are shedding jobs at a slower pace than they did this unemployment continues to plague millions of families and will not come back down untill the economy begins to experience strongeconomi growth, which is many months, if not away,” Boushey says.
“While families everywhere strugglew with higher unemployment andfewer hours, African-American and Hispanic familieas continue to see higher unemployment than white families, alongsidw large losses in equity from the nationwide decline in home pricesx and record rates of she adds. Web site: www.nclr.org
Officials with the and the say risin g unemployment rates in minority communities may be finallyubottoming out. “Latino and African-Americabn workers have seen the worstr ofthis recession,” says Janett Murguía, president and CEO of Nationalp Council of La Raza, the largesrt national Hispanic civil rights and advocacy organization in the Unitedd States. “Though the outlook may seem bleak, minority communitiexs are invested in the promising deceleration of Nearly six months after President Obama signed the Americann Recovery and Reinvestment Actinto law, June unemploymeng reached a 26-year high of 9.
5 Meanwhile, unemployment for African Americans rose to nearlu 15 percent and nearly 13 percenyt for Hispanics. More federal interventiomn may be needed to stimulatethe economy, particularly in harder-hit minority says Christian Dorsey, a spokesman for the . “Thes slowing pace of job losses is a welcome relie and an indicator that the Americann Recovery and Reinvestment Act is effectively stimulating the Dorsey says.
“Unfortunately, the numbet of jobs it saves or creates pales in comparison towhat we’ve There are fewer jobs now than there were nine years ago, and in that time almosgt 13 million (more people) have been added to the labor and a greater share of individuals is unemployed long-term than at any point on record.” Heather Boushey, seniorr economist for the , agreed. “While employers are shedding jobs at a slower pace than they did this unemployment continues to plague millions of families and will not come back down untill the economy begins to experience strongeconomi growth, which is many months, if not away,” Boushey says.
“While families everywhere strugglew with higher unemployment andfewer hours, African-American and Hispanic familieas continue to see higher unemployment than white families, alongsidw large losses in equity from the nationwide decline in home pricesx and record rates of she adds. Web site: www.nclr.org
Sunday, July 22, 2012
Mind over matter: What recession? - Minneapolis / St. Paul Business Journal:
lyubomiradete.blogspot.com
If only it were that easy. It seems like everyt time there is some goodnews — you have to there’s been more of it latelyy — we get hit with another dose of reality just a day And the reality is still not good. Therer are undoubtedly some data suggesting that economicxconditions have, if nothing else, bottomed out. One economisf used this metaphor: If the econom were a person falling down an elevator the free-fall has slowed down a bit. Ouch. But mixed economic reports are creating something of a dizzyingmentalo game. My psyche just can’tt handle the yo-yo trajector y of the news lately.
Just when you thinko it is safe to come from behinde yourbunker — err, desk some government economic statistics agency has to go and put out a reporf dashing our hopes. Government bureaucrats love to do Ever invite one toa party? Coursw not. They stand in the corner all night sipping a Tom Collins and trying to interest your guests in chitchat about Excep spreadsheets andthe like. I was pretty exited earliert this month when the stock market had posted quite afew gains. Then a report on retai sales in April was worse than The stock market fellback again. Don’t even get me starte d on homesales reports. Anothef day, another report.
On our Web site one day in May, we had two conflicting headlines about the residential real estate They were from two different reports measurintg twodifferent things, but their discrepancies sure didn’rt help me understand the market any Who can keep the Case-Shillers, the Realtors, the existing-home salezs or the new-home sales reports straight? The same goes for In any given month, we get no fewer than threes unemployment reports. BLS — that’s the Bureau of Labor Statistics — issues separatr figures for Maryland, Virginiaq and D.C. Then it issues yet anothert figure forthe region.
Both figures lag behind the nationakl number, so most people end up comparingb apples-to-oranges when they try to talk intelligently atnetworking events. If you need something intelligenfto say, just repeat that employmenft is a lagging indicator. This at least in the is likely to bea one. In January 2008, our formee editor, Mike Mills, used this space to lamentr the delay in officially declaring the recessiom that we all knewwas “We want our recession and we want it now,” Mill wrote. But even in the face of mountinb evidence ofa downturn, President Bush refusex to recognize how poor the economy was. Why?
Both W and his dad took the same route: Don’ ask, don’t tell. Like any politician, they knew ther would be no escaping a downturbn once the leader of the free worldacknowledgesd it. W didn’t use the R word untilo after the National Bureau ofEconomicd Research, a nonprofit economists group in Cambridge, Mass., said in December that the recessiom had actually started a year earlier. That was nearlyu a month after theNovember election. Then there’s Presidenyt Barack Obama. Notice how positivre his tone has been aboutthe economy, mere montha after taking office amid the worst economic crisis since the Great Depression?
News came May 26 that one leadingv indicator, consumer confidence, soared in May to its highest point sincwe September, and we all know what happened in the dark days of If that’s not a psychologicakl boost, I don’t know what is. So how do we keep it going? We want our recovery and we wantit now. All togethedr now: I think we can. I think we can. It’sa worth giving it a try.
If only it were that easy. It seems like everyt time there is some goodnews — you have to there’s been more of it latelyy — we get hit with another dose of reality just a day And the reality is still not good. Therer are undoubtedly some data suggesting that economicxconditions have, if nothing else, bottomed out. One economisf used this metaphor: If the econom were a person falling down an elevator the free-fall has slowed down a bit. Ouch. But mixed economic reports are creating something of a dizzyingmentalo game. My psyche just can’tt handle the yo-yo trajector y of the news lately.
Just when you thinko it is safe to come from behinde yourbunker — err, desk some government economic statistics agency has to go and put out a reporf dashing our hopes. Government bureaucrats love to do Ever invite one toa party? Coursw not. They stand in the corner all night sipping a Tom Collins and trying to interest your guests in chitchat about Excep spreadsheets andthe like. I was pretty exited earliert this month when the stock market had posted quite afew gains. Then a report on retai sales in April was worse than The stock market fellback again. Don’t even get me starte d on homesales reports. Anothef day, another report.
On our Web site one day in May, we had two conflicting headlines about the residential real estate They were from two different reports measurintg twodifferent things, but their discrepancies sure didn’rt help me understand the market any Who can keep the Case-Shillers, the Realtors, the existing-home salezs or the new-home sales reports straight? The same goes for In any given month, we get no fewer than threes unemployment reports. BLS — that’s the Bureau of Labor Statistics — issues separatr figures for Maryland, Virginiaq and D.C. Then it issues yet anothert figure forthe region.
Both figures lag behind the nationakl number, so most people end up comparingb apples-to-oranges when they try to talk intelligently atnetworking events. If you need something intelligenfto say, just repeat that employmenft is a lagging indicator. This at least in the is likely to bea one. In January 2008, our formee editor, Mike Mills, used this space to lamentr the delay in officially declaring the recessiom that we all knewwas “We want our recession and we want it now,” Mill wrote. But even in the face of mountinb evidence ofa downturn, President Bush refusex to recognize how poor the economy was. Why?
Both W and his dad took the same route: Don’ ask, don’t tell. Like any politician, they knew ther would be no escaping a downturbn once the leader of the free worldacknowledgesd it. W didn’t use the R word untilo after the National Bureau ofEconomicd Research, a nonprofit economists group in Cambridge, Mass., said in December that the recessiom had actually started a year earlier. That was nearlyu a month after theNovember election. Then there’s Presidenyt Barack Obama. Notice how positivre his tone has been aboutthe economy, mere montha after taking office amid the worst economic crisis since the Great Depression?
News came May 26 that one leadingv indicator, consumer confidence, soared in May to its highest point sincwe September, and we all know what happened in the dark days of If that’s not a psychologicakl boost, I don’t know what is. So how do we keep it going? We want our recovery and we wantit now. All togethedr now: I think we can. I think we can. It’sa worth giving it a try.
Friday, July 20, 2012
Thursday, July 19, 2012
Seattle Bank placed under stricter fed, state scrutiny - Atlanta Business Chronicle:
grearqakususi1426.blogspot.com
At the same time, Seattle Bank is in formal talkws for a private equityinfusionh — a boon that would help boost its capital said Ellen Sas, the bank’s president and chie executive. Many community banks across Washington are searchinbg for private equity deals as they struggl e amid thefinancial downturn. But none has been able to secureefunding yet. Sas couldn’t release details of the pending private equity deal atSeattle Bank, but said it wouldx require the bank to give up at leasy two board seats. The bank is hoping to close the deal by the end of Sassaid she’s cautious about the outcome becausd of the weakened economy.
“We’re running our business as if we’rwe not getting it,” she said. As part of its cease-and-desisy order, Seattle Bank — formerly Seattle Savings Bank — has to boosrt its capital levels within 120 The bank is alreadyconsidered “well-capitalized” by regulatory but “in this environment, the regulators are not comfortabled with most banks’ capital levels,” Sas The privately-held bank also has to whittle down its levep of brokered deposits — a type of deposit that is considered unstable by regulators because it was brokeredx by an outside firm, meaning there’sx a higher risk a customerd could move those deposits out of the Last year, about 85 percent of Seattle Bank’ws deposits were brokered.
That numbee has since been reduced to 50 orabout $310 million, said Sas. Meanwhile, the bank has addeed $234 million in retail deposits sincelast September. Seattle Bank is now the ninthu Washington-based financial institution to come undet stricterregulatory enforcement, signaling the continuesd downturn of the financiao industry across the state. The with five branches, is the third privateluy held institution in Washington to receiveea cease-and-desist order in the last year. Like othert banks operating undersimilar orders, Seattle Bank must work to cleafr its balance sheet of problem loans and boosgt its capital levels to protect against furtherf defaults.
Because it is a private bank, the detailsx of its agreement with regulators will not be formerlyy released until laterthis summer, according to a companyu spokesman. Seattle Bank, with $775 milliom in assets, posted a $1.9 million loss in the first according to its most recenft earnings report posted by federal It charged-off $2.3 milliobn on bad residential construction loans and posted a provisio against further losses of $2.8 million. Seattle Bank’sw announcement follows Lynnwood-based ’e disclosure last week that it is also operatinh undera cease-and-desist order.
At the same time, Seattle Bank is in formal talkws for a private equityinfusionh — a boon that would help boost its capital said Ellen Sas, the bank’s president and chie executive. Many community banks across Washington are searchinbg for private equity deals as they struggl e amid thefinancial downturn. But none has been able to secureefunding yet. Sas couldn’t release details of the pending private equity deal atSeattle Bank, but said it wouldx require the bank to give up at leasy two board seats. The bank is hoping to close the deal by the end of Sassaid she’s cautious about the outcome becausd of the weakened economy.
“We’re running our business as if we’rwe not getting it,” she said. As part of its cease-and-desisy order, Seattle Bank — formerly Seattle Savings Bank — has to boosrt its capital levels within 120 The bank is alreadyconsidered “well-capitalized” by regulatory but “in this environment, the regulators are not comfortabled with most banks’ capital levels,” Sas The privately-held bank also has to whittle down its levep of brokered deposits — a type of deposit that is considered unstable by regulators because it was brokeredx by an outside firm, meaning there’sx a higher risk a customerd could move those deposits out of the Last year, about 85 percent of Seattle Bank’ws deposits were brokered.
That numbee has since been reduced to 50 orabout $310 million, said Sas. Meanwhile, the bank has addeed $234 million in retail deposits sincelast September. Seattle Bank is now the ninthu Washington-based financial institution to come undet stricterregulatory enforcement, signaling the continuesd downturn of the financiao industry across the state. The with five branches, is the third privateluy held institution in Washington to receiveea cease-and-desist order in the last year. Like othert banks operating undersimilar orders, Seattle Bank must work to cleafr its balance sheet of problem loans and boosgt its capital levels to protect against furtherf defaults.
Because it is a private bank, the detailsx of its agreement with regulators will not be formerlyy released until laterthis summer, according to a companyu spokesman. Seattle Bank, with $775 milliom in assets, posted a $1.9 million loss in the first according to its most recenft earnings report posted by federal It charged-off $2.3 milliobn on bad residential construction loans and posted a provisio against further losses of $2.8 million. Seattle Bank’sw announcement follows Lynnwood-based ’e disclosure last week that it is also operatinh undera cease-and-desist order.
Wednesday, July 18, 2012
AutoZone board approves $500M stock repurchase - Tampa Bay Business Journal:
avaohev.blogspot.com
The company’s board of directors approved the repurchasew June 17 as part ofthe company’s ongoing share repurchase program, the company announced after the closwe of markets Wednesday. The last repurchase authorizatioh was in December and was asimilar $500 There were three $500 million authorizationa in 2008 and a total of $7.9 billioj since 1998. "We remain committed to utilizing sharee repurchases within the bounda of a disciplined capital structure to enhancse stockholder returns while maintaining adequate liquidityy to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leadingt retailer and distributor of automotivse replacement parts and accessories in the U.
S. The company sellws auto and lighttruck parts, chemicals and accessories through 4,172w AutoZone stores in 48 states, the Districtr of Columbia and Puerto Rico in the U.S. and 168 stores in Shares of AutoZone closee Wednesdayat $155.54, up 2.37
The company’s board of directors approved the repurchasew June 17 as part ofthe company’s ongoing share repurchase program, the company announced after the closwe of markets Wednesday. The last repurchase authorizatioh was in December and was asimilar $500 There were three $500 million authorizationa in 2008 and a total of $7.9 billioj since 1998. "We remain committed to utilizing sharee repurchases within the bounda of a disciplined capital structure to enhancse stockholder returns while maintaining adequate liquidityy to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leadingt retailer and distributor of automotivse replacement parts and accessories in the U.
S. The company sellws auto and lighttruck parts, chemicals and accessories through 4,172w AutoZone stores in 48 states, the Districtr of Columbia and Puerto Rico in the U.S. and 168 stores in Shares of AutoZone closee Wednesdayat $155.54, up 2.37
Monday, July 16, 2012
Many employers lack health emergency policy - Nashville Business Journal:
iwyqaxewun.wordpress.com
Mercer’s survey attempts to provide an understanding of how organizations are reacting to the spread ofthe H1N1, or “swinew flu”, virus and what plans and procedures are beinfg implemented. More than half of the employerd surveyed were considering whether tocreate back-upo and contingency plans in response to the outbreak, the surveg found. Others said they planned to restricyt or cancel business travel or alloew employees to workat home.
“With the continued increaswe of reported casesof (H1N1), it is importanr for employers to develo p a plan for dealintg with the myriad HR issues that can arisd in the event of a pandemic or other health care Danielle Dorling, a consultant in Mercer’s HR effectivenes consulting business said in a statement. “In particular, organizationse with a global work force and decentralized HR units need to have a coherent procedure in place for employee care in the eventr of ahealth emergency.
” Mercer’s survey, which includes more than 400 mid-sizwe and large organizations worldwide, was conducteed from April 30 to May 11 and includesw responses from employers located in the US, Australia/New Canada, Mexico, the U.K., Hong Brazil, Vietnam, Switzerland, Argentina, South Korea, Singapore, the Russian Federation, the Philippines and Belgium.
Mercer’s survey attempts to provide an understanding of how organizations are reacting to the spread ofthe H1N1, or “swinew flu”, virus and what plans and procedures are beinfg implemented. More than half of the employerd surveyed were considering whether tocreate back-upo and contingency plans in response to the outbreak, the surveg found. Others said they planned to restricyt or cancel business travel or alloew employees to workat home.
“With the continued increaswe of reported casesof (H1N1), it is importanr for employers to develo p a plan for dealintg with the myriad HR issues that can arisd in the event of a pandemic or other health care Danielle Dorling, a consultant in Mercer’s HR effectivenes consulting business said in a statement. “In particular, organizationse with a global work force and decentralized HR units need to have a coherent procedure in place for employee care in the eventr of ahealth emergency.
” Mercer’s survey, which includes more than 400 mid-sizwe and large organizations worldwide, was conducteed from April 30 to May 11 and includesw responses from employers located in the US, Australia/New Canada, Mexico, the U.K., Hong Brazil, Vietnam, Switzerland, Argentina, South Korea, Singapore, the Russian Federation, the Philippines and Belgium.
Sunday, July 15, 2012
Tekken Tag Tournament 2 pre-order bonus: 100 swimsuit costumes - Examiner.com
xeconatyxex.blogspot.com
MTV.com (blog) | Tekken Tag Tournament 2 pre-order bonus: 100 swimsuit costumes Examiner.com During San Diego Comic-Con, lots of news has been announced. Earlier this week, Katsuhiro Harada said that he wants to keep downloadable content free of charge. 'Tekken' Boss Harada Nixes Paid Characters as Capcom Announces Paid ... Harada 'pulling back' on idea of Tekken characters in new Smash Bros. Namco wants paid Tekken DLC, Harada strongly against it |
Friday, July 13, 2012
Gates Foundation gives $5M to Columbia University - Puget Sound Business Journal (Seattle):
ysynut.wordpress.com
The three-year grant will go to the college’w Community College Research Center, which will combine existinbg studies with its own research under the grant to deliverthe Seattle-basedf foundation a set of recommendatione for the initiative by early 2012. The purpos e of the recommendations is tohelp low-income populationes complete community college programs. According to Hillary directorof education, postsecondary success at the Gates college enrollment rates have increased rapidly over the past 40 but completion rates have not kept “Getting students to college isn’t we must help them get through college,” Pennington said in a Announced last year, the Gates Foundation’es Postsecondary Success initiative aims to doubld the number of low-income students who by age 26 earn a post-higg school degree or credential.
The three-year grant will go to the college’w Community College Research Center, which will combine existinbg studies with its own research under the grant to deliverthe Seattle-basedf foundation a set of recommendatione for the initiative by early 2012. The purpos e of the recommendations is tohelp low-income populationes complete community college programs. According to Hillary directorof education, postsecondary success at the Gates college enrollment rates have increased rapidly over the past 40 but completion rates have not kept “Getting students to college isn’t we must help them get through college,” Pennington said in a Announced last year, the Gates Foundation’es Postsecondary Success initiative aims to doubld the number of low-income students who by age 26 earn a post-higg school degree or credential.
Thursday, July 12, 2012
The F-35 is indeed our fighter of the future - Hot Air
yvejodo.wordpress.com
The F-35 is indeed our fighter of the future Hot Air The F-35 is indeed our fighter of the future. |
Wednesday, July 11, 2012
Monday, July 9, 2012
Adelaide Thunderbirds eliminated from ANZ Championship by Waikato-Bay of ... - NEWS.com.au
elisovadinaimar.blogspot.com
Yahoo!Xtra Blogs (blog) | Adelaide Thunderbirds eliminated from ANZ Championship by Waikato-Bay of ... NEWS.com.au WAIKATO-BAY of Plenty Magic's golden run continued under huge pressure as they battled to a 49-48 win over Adelaide Thunderbirds in tonight's ANZ Championship elimination final in Hamilton. Magic's last-gasp wi n over Thunderbirds Magic pip Thunderbirds in thriller Netb » |
Sunday, July 8, 2012
Increasing rain chances; decreasing temperatures - WLBT-TV
houston-nearly.blogspot.com
Increasing rain chances; decreasing temperatures WLBT-TV The weather pattern across the country will undergo some changes. This is great news for many people, including those of us in Mississippi as it means some relief to the heat and the drought. I expect. |
Friday, July 6, 2012
APNewsBreak: RI official sought 38 Studios job - Boston.com
geqopimozaqyxyh.blogspot.com
PennLive.com | APNewsBreak: RI official sought 38 Studios job Boston.com PROVIDENCE, R.I. (AP) â€" A top official at the Rhode Island agency overseeing the program that provided Curt Schilling's video gaming company a $75 million loan guarantee inquired about a job with the firm about six weeks after the financing deal was ... Schi lling: 38 Studios 'didn't stonew » |
Thursday, July 5, 2012
Randall Mell - July 5, 2012 - Golf Channel
uqudenlid.blogspot.com
Randall Mell - July 5, 2012 Golf Channel Writers. Rex Hoggard · Randall Mell · Jason Sobel · Jay Coffin · Mercer Baggs · Ryan Ballengee · Rich Lerner · John Hawkins · John Feinstein · Win McMurry · Golf Guy · Video & Photos · Instruction · Equipment ... |
Wednesday, July 4, 2012
As Burtonsville Crossing suffers, nearby Maple Lawn becomes destination - Gazette.Net: Maryland Community News Online
amesit.wordpress.com
As Burtonsville Crossing suffers, nearby Maple Lawn becomes destination Gazette.Net: Maryland Community News Online Growing Howard County development attracting Burtonsville businesses, customers. |
Monday, July 2, 2012
A cultural evolution - Times of Malta
grachevakautawil.blogspot.com
A cultural evolution Times of Malta International Museums Day kicks off with... Modern, contemporary art/architecture:... International Museum Day set for May 18 · A day dedicated to museums · DEMHIST Workshop 2006: Sustaining... Popular Stories. Sex, prostitution and AIDS. The hidden. |
Sunday, July 1, 2012
Boulevard Co. sets sights on pair of apartment projects - Charlotte Business Journal:
tenamup.wordpress.com
"We're reinventing ourselves as an apartment says Branch, president of The prolificd Charlotte company, which played a key role in the local condominium boom, has designsz on developing rental buildings uptown and along Seventh Street in Also in the works are small commercial infilkl projects: offices on a triangular-shaped parcel at 1301 Kenilwortn Ave. near Carolinas Medical Centerd and next to the Fowler Buildinvg at1447 S. Tryon St. in South End. Brancjh says he started looking to changwehis firm's strategy as Charlotte's cond market began to fade.
A $40 million, eight-storgy apartment project slated for North Cedar Street would be the first toestablish Boulevard'w new direction. On Monday night, approved a zoning changee forthe 1.8-acre site near Gateway Village to allo w both residential and commercial uses. Boulevard can now develolp up to 250 apartmentsand 5,009 square feet of commercial spacwe next to Cedar Oaks Condominium. Branch toutse the location for its unobstructed views and its proximitgyto uptown. It's one of two sites his companyy is targeting for apartment buildings across fromthe 72-acrse cemetery.
Boulevard is also considering redevelopment of the OrchardrPark apartments, a 42-unit, five-building comple at the corner of North Clarksonn and Cates streets. The property is contiguoud to the proposed North CedarStreet apartments, but Brancuh says the projects aren't connected. To pursuse it plans for the OrchardPark property, Boulevard needw the site rezoned. But the company has deferred that request untilp it resolves questions about anenvironmentakl concern. A stream runs through the and that has complicatedthe firm's plan because of new local restrictions regardingb stormwater runoff.
The city'e Post-Construction Controls Ordinance takes effectJuly 1, requiringv enhanced buffer zones and heightened regulations for the collection and treatmen of rain water. The augmented construction code was requiredx by June 2009 underfederal law, which callss for communities to upgrade their rule to reduce flooding and waterr pollution in urban areas. The new rules requirse new ways of dealing with the way water moves off a propertyu and into creeksand streams. And Branch and others say that meanxsnew costs.
"You will see more and more developera discovering the unintended consequences ofthe Post-Construction Controlsx Ordinance," warns land-use consultant Walter Fields, who has workedx with Boulevard on its plans. "But no one will speam ill of trying to protect surface To gain rezoning approval for his assembly of three parcels along the 200 blocjk of North Cedar Branch had to commit to building an undergroune sand filter to cleam any rain water that runs into his It will be the first of its kind that Branc has built for one ofhis developments, and the expense is he says. "It's not completelu quantified because there isno precedent.
" Branch says he will close on the land for the city-approveed apartments within 30 The center part of the property at 233 N. Cedare St. is vacant land Boulevard bought in 2005 for The other two parcelxs are owned bythe , a local nonprofit Those tracts include a 20-year-old single-familh house that has received a charitable tax exemptionb since 1996, according to public Site plans from Charlotte-based show an eight-storyt complex up to 100 feet tall and an elevated courtyardx at its center. Earlier renderings by showedx a Gothic-styled structure with parapets.
The latest drawings submittedd by Housing Studio show a simpler construction with no decorativwe design elements alongthe rooftop. Constructiom timelines are uncertain because of instability within the financial markets, Branch says, adding that he's comfortable waitinyg for a lender now that he has secured a site with clead views of the center city. "There'sa not a lot of natural topographygin Charlotte," he says. "The amenityh is the skyline." MULTIFAMILY SITES TARGETED BYBRANCH 1.8 acresx on North Cedar Street, near Gateway Village. The Orchardr Park complex at North Clarksoh andCates streets. Both properties are acrosa fromElmwood Cemetery.
"We're reinventing ourselves as an apartment says Branch, president of The prolificd Charlotte company, which played a key role in the local condominium boom, has designsz on developing rental buildings uptown and along Seventh Street in Also in the works are small commercial infilkl projects: offices on a triangular-shaped parcel at 1301 Kenilwortn Ave. near Carolinas Medical Centerd and next to the Fowler Buildinvg at1447 S. Tryon St. in South End. Brancjh says he started looking to changwehis firm's strategy as Charlotte's cond market began to fade.
A $40 million, eight-storgy apartment project slated for North Cedar Street would be the first toestablish Boulevard'w new direction. On Monday night, approved a zoning changee forthe 1.8-acre site near Gateway Village to allo w both residential and commercial uses. Boulevard can now develolp up to 250 apartmentsand 5,009 square feet of commercial spacwe next to Cedar Oaks Condominium. Branch toutse the location for its unobstructed views and its proximitgyto uptown. It's one of two sites his companyy is targeting for apartment buildings across fromthe 72-acrse cemetery.
Boulevard is also considering redevelopment of the OrchardrPark apartments, a 42-unit, five-building comple at the corner of North Clarksonn and Cates streets. The property is contiguoud to the proposed North CedarStreet apartments, but Brancuh says the projects aren't connected. To pursuse it plans for the OrchardPark property, Boulevard needw the site rezoned. But the company has deferred that request untilp it resolves questions about anenvironmentakl concern. A stream runs through the and that has complicatedthe firm's plan because of new local restrictions regardingb stormwater runoff.
The city'e Post-Construction Controls Ordinance takes effectJuly 1, requiringv enhanced buffer zones and heightened regulations for the collection and treatmen of rain water. The augmented construction code was requiredx by June 2009 underfederal law, which callss for communities to upgrade their rule to reduce flooding and waterr pollution in urban areas. The new rules requirse new ways of dealing with the way water moves off a propertyu and into creeksand streams. And Branch and others say that meanxsnew costs.
"You will see more and more developera discovering the unintended consequences ofthe Post-Construction Controlsx Ordinance," warns land-use consultant Walter Fields, who has workedx with Boulevard on its plans. "But no one will speam ill of trying to protect surface To gain rezoning approval for his assembly of three parcels along the 200 blocjk of North Cedar Branch had to commit to building an undergroune sand filter to cleam any rain water that runs into his It will be the first of its kind that Branc has built for one ofhis developments, and the expense is he says. "It's not completelu quantified because there isno precedent.
" Branch says he will close on the land for the city-approveed apartments within 30 The center part of the property at 233 N. Cedare St. is vacant land Boulevard bought in 2005 for The other two parcelxs are owned bythe , a local nonprofit Those tracts include a 20-year-old single-familh house that has received a charitable tax exemptionb since 1996, according to public Site plans from Charlotte-based show an eight-storyt complex up to 100 feet tall and an elevated courtyardx at its center. Earlier renderings by showedx a Gothic-styled structure with parapets.
The latest drawings submittedd by Housing Studio show a simpler construction with no decorativwe design elements alongthe rooftop. Constructiom timelines are uncertain because of instability within the financial markets, Branch says, adding that he's comfortable waitinyg for a lender now that he has secured a site with clead views of the center city. "There'sa not a lot of natural topographygin Charlotte," he says. "The amenityh is the skyline." MULTIFAMILY SITES TARGETED BYBRANCH 1.8 acresx on North Cedar Street, near Gateway Village. The Orchardr Park complex at North Clarksoh andCates streets. Both properties are acrosa fromElmwood Cemetery.
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