http://nyjewod.wordpress.com/
In a filing with the Securities and Exchange theKansas City-based movie theater company said that holderd of $238.1 million of the notes had agreedr to proposed amendments in AMC’sd offer. The proposed amendments will eliminate almosyt all the restrictive covenantse onthe notes. AMC a previously announcesd private offeringto $600 million in seniod notes due in 2019 and that it expected net proceeds of about $568.1 million. AMC previously said it woul use the proceeds to buythe company’s outstanding $250 millionn in senior notes due in and for other general corporate On May 22, AMC , compared with a $43.e4 million profit the prio year.
Revenue for the year that ended Apri 2was $2.27 billion, down 2.9 percent from $2.33 billiomn the prior year. AMC owns interesta in 307 theaterswith 4,612 screens in five countries. The company is privately held but required to report to the SEC becausee some of its debt ispublicly
Thursday, July 28, 2011
Monday, July 25, 2011
E. Daniel: Bridging the Gap Between Worship and Rap - Christian Post
http://elpro.us/services/temperaturemapping.html
Christian Post | E. Daniel: Bridging the Gap Between Worship and Rap Christian Post By BREATHEcast.com When thinking of worship music, the first thought that comes to mind usually isn't rap. New Jersey born rapper E. Daniel is innovating the sound and perception of hip hop with his upcoming debut album, The Breaking Point, ... |
Saturday, July 23, 2011
BofA raises almost all of $33.9B buffer - Atlanta Business Chronicle:
soileauifyyfa1786.blogspot.com
billion. Last month, BofA sold $13.5 billion in common stock. The bank issued 1.25 billionh shares at an average pricwof $10.77 per share. BofA also sold a 5.7 percengt stake in to Asiann investors for a gainof $4.5 billion. In addition, BofA agreedx to exchange $9.5 billion in preferred shareas for 704 million shares ofcommon stock. BofA expects to garner $1.3 billion from reduced dividends on thepreferres shares. The exchange doesn’t apply to preferre shares held by the federal government. So far, BofA has boostedd its Tier 1 commob capitalby $2.1 billion by reducinvg a deferred tax-asset deduction.
And the bank says it has gainedr anadditional $2 billion from the dispositioj of assets. As part of the company’s capital plan, it coulde issue up to an additional 296 millionncommon shares. “We are pleased to have nearly reachex our goalthis quickly,” said Joe Price, chief financiap officer. The government said BofA had toraisee $33.9 billion after conducting “stress tests” on the country’sz 19 largest banks. The tests were designee to assessthe banks’ ability to survive if economic conditions worsen more than expected durin the next two years.
BofA has receivecd a total of $45 billion in taxpayer aid underr thefederal government’s Troubled Asset Relief Program, which is designes to thaw the credit markets and boost the In separate developments, Charlotte, N.C.-basee BofA (NYSE: BAC) sold $3 billiom in five-year notes on May 8 and $2.5 billiom in 10-year notes on May 28 withouyt guarantees.
billion. Last month, BofA sold $13.5 billion in common stock. The bank issued 1.25 billionh shares at an average pricwof $10.77 per share. BofA also sold a 5.7 percengt stake in to Asiann investors for a gainof $4.5 billion. In addition, BofA agreedx to exchange $9.5 billion in preferred shareas for 704 million shares ofcommon stock. BofA expects to garner $1.3 billion from reduced dividends on thepreferres shares. The exchange doesn’t apply to preferre shares held by the federal government. So far, BofA has boostedd its Tier 1 commob capitalby $2.1 billion by reducinvg a deferred tax-asset deduction.
And the bank says it has gainedr anadditional $2 billion from the dispositioj of assets. As part of the company’s capital plan, it coulde issue up to an additional 296 millionncommon shares. “We are pleased to have nearly reachex our goalthis quickly,” said Joe Price, chief financiap officer. The government said BofA had toraisee $33.9 billion after conducting “stress tests” on the country’sz 19 largest banks. The tests were designee to assessthe banks’ ability to survive if economic conditions worsen more than expected durin the next two years.
BofA has receivecd a total of $45 billion in taxpayer aid underr thefederal government’s Troubled Asset Relief Program, which is designes to thaw the credit markets and boost the In separate developments, Charlotte, N.C.-basee BofA (NYSE: BAC) sold $3 billiom in five-year notes on May 8 and $2.5 billiom in 10-year notes on May 28 withouyt guarantees.
Thursday, July 21, 2011
Candidate for UH presidency withdraws - Pacific Business News (Honolulu):
firukendu-anchored.blogspot.com
“We are disappointed with his decision,” Al Landon, chairmanj of the board of regents, said in a prepared The withdrawalof Jones, who is senior vice presidentt for system academic administration for the University of Minnesotsa in Minneapolis, leaves M.R.C. Greenwood, an administrator with the Universit yof California-Davis, as the sole remainint candidate. The regents are scheduled to meet this week to discussathe situation, Landon said. The two finalists had been namef in April to replace UH PresidentDavid McClain, whoses term ends July 31.
Greenwood is at the UC-Daviw campus as director of the Foods for Healthj Initiative and a professor of nutrition and internal She was chancellorat UC’s Santa Cruz campus for eighft years, before being named provost of the UC 10-campus systemj in 2004. She resigned from the provost positio in 2005 and moved to Davis when the universitu investigated a conflict of interest in the promotion of her friencd atSanta Cruz.
“We are disappointed with his decision,” Al Landon, chairmanj of the board of regents, said in a prepared The withdrawalof Jones, who is senior vice presidentt for system academic administration for the University of Minnesotsa in Minneapolis, leaves M.R.C. Greenwood, an administrator with the Universit yof California-Davis, as the sole remainint candidate. The regents are scheduled to meet this week to discussathe situation, Landon said. The two finalists had been namef in April to replace UH PresidentDavid McClain, whoses term ends July 31.
Greenwood is at the UC-Daviw campus as director of the Foods for Healthj Initiative and a professor of nutrition and internal She was chancellorat UC’s Santa Cruz campus for eighft years, before being named provost of the UC 10-campus systemj in 2004. She resigned from the provost positio in 2005 and moved to Davis when the universitu investigated a conflict of interest in the promotion of her friencd atSanta Cruz.
Tuesday, July 19, 2011
Santa Clara property assessments level off - Silicon Valley / San Jose Business Journal:
dyakonostrlin.blogspot.com
During the previous three years, growtjh in assessed value growth tapered off from 9 percent in to 8.25 percent in 2007 and 7 percent last The 2008 increase is the smallest since Propositioj 13 property tax limits passed in 1978. "Tolo put this in perspective, the assessmenty roll grew by nearly $20 billion last year. In the apex of the dot-com boom, the assessment roll grew $27 said Stone. Sgtone reported that despits the overall flat growth in the there were significant geographic differences ranginh from a highof 6.22 percent growth in Mountain View and 4.75 perceny in Sunnyvale to a low of a 9.48 percengt decline in Gilroy and 4.
73 percent declins in the unincorporated portions of the "That’s a spread of 16 It underscores the geographic variance in property and reflects the housing boom and said Stone, adding that the communitiexs with the most newly constructed, entry-level housinhg suffered the greatest impact. In more established communities likePalo Alto, Los Cupertino, Saratoga and Los Gatos had proportionatelyg fewer properties in decline. “Next year may be since most of the declines this year are attributeed to the softresidential market,” Stone said. “The steepest decline in commercial property values is aheaedof us.
” The assessor said that his appraisal staff reduce the assessed value on 90,000 homes. The averag reduction for each residential property isnearlyu $170,000 causing a whopping $17.4 billion reductiob in the county’s assessment roll.
During the previous three years, growtjh in assessed value growth tapered off from 9 percent in to 8.25 percent in 2007 and 7 percent last The 2008 increase is the smallest since Propositioj 13 property tax limits passed in 1978. "Tolo put this in perspective, the assessmenty roll grew by nearly $20 billion last year. In the apex of the dot-com boom, the assessment roll grew $27 said Stone. Sgtone reported that despits the overall flat growth in the there were significant geographic differences ranginh from a highof 6.22 percent growth in Mountain View and 4.75 perceny in Sunnyvale to a low of a 9.48 percengt decline in Gilroy and 4.
73 percent declins in the unincorporated portions of the "That’s a spread of 16 It underscores the geographic variance in property and reflects the housing boom and said Stone, adding that the communitiexs with the most newly constructed, entry-level housinhg suffered the greatest impact. In more established communities likePalo Alto, Los Cupertino, Saratoga and Los Gatos had proportionatelyg fewer properties in decline. “Next year may be since most of the declines this year are attributeed to the softresidential market,” Stone said. “The steepest decline in commercial property values is aheaedof us.
” The assessor said that his appraisal staff reduce the assessed value on 90,000 homes. The averag reduction for each residential property isnearlyu $170,000 causing a whopping $17.4 billion reductiob in the county’s assessment roll.
Saturday, July 16, 2011
Bauer Financial issues Q1 credit union ratings - Austin Business Journal:
ogarawo.wordpress.com
The company uses federal regulatory data to rate credift unions based oncapital ratio, profit/loss delinquent loans and other factors. Bauer' s rating ranks from a high of 5 stars to a low of 0 Of the 10 largest South Florida credif unionsby assets, six maintaineed a five-star (superior) rating: IBM Southeast Employee s Credit Union and Brightstar Credit Union held on to theifr four stars (excellent) in the first They had been downgraded from five starw in the third quarter. Prioritty One Credit Union in Sunrise fell from to threr stars from four stars in the first quartetwith 69.9 million in assets, 1.6 percent of whichy were nonperforming.
, South Florida’sa second-largest credit union with $738 milliomn in assets, held on to its threwe stars in thefirst quarter. It was downgraded to threre stars (adequate) from four stars in the fourth quarter. The Pembroke Pines-baseed credit union counted 1.74 percent of its assetsd as nonperforming. First Choice in West Palm Beach also hadthre stars. , the largest in South Floridaawith $1.62 billion in assets, remained the only credit uniob in the state rater zero stars by Bauer. The Miramar-based credigt union counted 8.6 percent of its assetsd as nonperforming. It was placed into conservatorship by Floridaz regulators on April 24 after heavy losseas and the oustedits management.
Space Coast Credit Union has shown an in acquiringEasternm Financial.
The company uses federal regulatory data to rate credift unions based oncapital ratio, profit/loss delinquent loans and other factors. Bauer' s rating ranks from a high of 5 stars to a low of 0 Of the 10 largest South Florida credif unionsby assets, six maintaineed a five-star (superior) rating: IBM Southeast Employee s Credit Union and Brightstar Credit Union held on to theifr four stars (excellent) in the first They had been downgraded from five starw in the third quarter. Prioritty One Credit Union in Sunrise fell from to threr stars from four stars in the first quartetwith 69.9 million in assets, 1.6 percent of whichy were nonperforming.
, South Florida’sa second-largest credit union with $738 milliomn in assets, held on to its threwe stars in thefirst quarter. It was downgraded to threre stars (adequate) from four stars in the fourth quarter. The Pembroke Pines-baseed credit union counted 1.74 percent of its assetsd as nonperforming. First Choice in West Palm Beach also hadthre stars. , the largest in South Floridaawith $1.62 billion in assets, remained the only credit uniob in the state rater zero stars by Bauer. The Miramar-based credigt union counted 8.6 percent of its assetsd as nonperforming. It was placed into conservatorship by Floridaz regulators on April 24 after heavy losseas and the oustedits management.
Space Coast Credit Union has shown an in acquiringEasternm Financial.
Thursday, July 14, 2011
Aerospace cuts worry former Air Force leader - Nashville Business Journal:
proklofuxaanygez.blogspot.com
Since retiring last year, former Air Forcd Chief of Staff Gen. T. Michael Moseley said cuts in aerospace will affect the industrial base throughoutthe country. The decreasw in Air Force spending will impact everythingfrom U.S. manufacturing floors to design stations. In the Dayton area, the changezs will invariably impact , as the base is a hub of connectivittto technology, engineering and acquisition programs, all tethered to decisiona at the . In the big picture, withou the Defense Department incentivizing innovation or making large the aerospace industry could be vulnerabl e toforeign competition, much like the automobiles industry, Moseley said.
“I worry a lot about what happens to the production facilities and the creativity of Americanindustrial aerospace,” Mosele y said, in an exclusive interview with the . Moseley — alongh with former Secretary Michael Wynne, the top Air Forcee civilian — were forced to resign in an unprecedented move by theDefensed Department, after Air Force nuclear weapon s safety and accountability came under scrutiny. Moseley also clashed with Secretary of Defenss Robert Gates over the future of the nextgeneratiom F-22 fighters. This year, announcinyg the 2010 defense budget, Gatexs cut $4.
2 billion in fundinhg for the fighter, as well as the new cargi aircraft, C-17 Globemaster III, according to the DOD budget In addition, Gates shelved the $15 billion searc h and rescue helicopter, Those cuts will have an undetermineed impacton Wright-Patt, which is home to and the , the developmenty and acquisition centers for the Air Moseley said, speaking as a commander who sent people out into funding a modern rescue aircrafg that would pluck servicee members from peril “is a moral and ethical leaders always grapple with.
He also said he is not privy to the analysis that propelled the cuts and does not seconed guess thenew budget, but he worries about the impact on the industrial base. The American aerospace industr y is one of the stalwarts ofthe U.S. econom and one of the few industries wherwthe U.S. still has a commandinbg lead onglobal competitors. Shutting down production linea and trimming research funding willdecrease aerospace’s appeal as an innovative profession to attract tomorrow’s talented engineers, Moseley As evidenced by the automobile sector, it takes a generationj to recover from a lack of and aside from economic impact, Moseley said the U.S. needs to maintain air dominance.
“Buying cars is one thing, but defendingb the country is another,” he While the Dayton region seeks to align its economic future withthe base, amid a battered auto industr y that has been its bedrock, Moseley said area Congressionap and development officials have done a good job advocating for the region. When in office, Moseley’s prominencr boded well for the region, as he and J.P. Nauseedf — a local former economic development official — are good friends.
When asked what advice he has forregionalk officials, Moseley said it will be importantt to find ways for military applications developede at Wright-Patt to be utilized in other
Since retiring last year, former Air Forcd Chief of Staff Gen. T. Michael Moseley said cuts in aerospace will affect the industrial base throughoutthe country. The decreasw in Air Force spending will impact everythingfrom U.S. manufacturing floors to design stations. In the Dayton area, the changezs will invariably impact , as the base is a hub of connectivittto technology, engineering and acquisition programs, all tethered to decisiona at the . In the big picture, withou the Defense Department incentivizing innovation or making large the aerospace industry could be vulnerabl e toforeign competition, much like the automobiles industry, Moseley said.
“I worry a lot about what happens to the production facilities and the creativity of Americanindustrial aerospace,” Mosele y said, in an exclusive interview with the . Moseley — alongh with former Secretary Michael Wynne, the top Air Forcee civilian — were forced to resign in an unprecedented move by theDefensed Department, after Air Force nuclear weapon s safety and accountability came under scrutiny. Moseley also clashed with Secretary of Defenss Robert Gates over the future of the nextgeneratiom F-22 fighters. This year, announcinyg the 2010 defense budget, Gatexs cut $4.
2 billion in fundinhg for the fighter, as well as the new cargi aircraft, C-17 Globemaster III, according to the DOD budget In addition, Gates shelved the $15 billion searc h and rescue helicopter, Those cuts will have an undetermineed impacton Wright-Patt, which is home to and the , the developmenty and acquisition centers for the Air Moseley said, speaking as a commander who sent people out into funding a modern rescue aircrafg that would pluck servicee members from peril “is a moral and ethical leaders always grapple with.
He also said he is not privy to the analysis that propelled the cuts and does not seconed guess thenew budget, but he worries about the impact on the industrial base. The American aerospace industr y is one of the stalwarts ofthe U.S. econom and one of the few industries wherwthe U.S. still has a commandinbg lead onglobal competitors. Shutting down production linea and trimming research funding willdecrease aerospace’s appeal as an innovative profession to attract tomorrow’s talented engineers, Moseley As evidenced by the automobile sector, it takes a generationj to recover from a lack of and aside from economic impact, Moseley said the U.S. needs to maintain air dominance.
“Buying cars is one thing, but defendingb the country is another,” he While the Dayton region seeks to align its economic future withthe base, amid a battered auto industr y that has been its bedrock, Moseley said area Congressionap and development officials have done a good job advocating for the region. When in office, Moseley’s prominencr boded well for the region, as he and J.P. Nauseedf — a local former economic development official — are good friends.
When asked what advice he has forregionalk officials, Moseley said it will be importantt to find ways for military applications developede at Wright-Patt to be utilized in other
Tuesday, July 12, 2011
Kenny Walker nearly committed, but held off - ESPN
hyhekim.wordpress.com
Kenny Walker nearly committed, but held off ESPN Cal picked up a huge commitment from talented receiver Bryce Treggs (Bellflower, Calif./St. John Bosco) over the weekend. Treggs made the announcement on ESPNU during The Opening, but the Bears came very close to landing not just one ... |
Saturday, July 9, 2011
Education funding still falls short despite federal stimulus infusion - Puget Sound Business Journal (Seattle):
http://kievrentapartments.com/category/hotels-kiev/
That was the sentiment of an eight-member panel of education, traininhg and government experts gathered by the South Floridaz Business Journal to examine howthe $787 billion federal stimulus packagw is impacting the region’s educationj and workforce training sectors. The panel markexd the third in theBusiness Journal’s ongoinh stimulus series, aimed at tracking and analyzing the flow of money from the America Recovery and Reinvestment Act into Southg Florida.
Florida’s Legislature was the only one nationallty to request a federal waiver that allowed it to take money from education and replace it with stimulus dollards while other states used stimulua dollars to augment the The situation concerned paneliststate Sen. Eleanof Sobel. “We are not starting at the startinv line. The school district in Browardf County and those throughouty the state are starting behind the starting Sobel said.
“They have had problema for years and they are all Veteran educatorRobert Parks, a member of the Broware County School Board, said, “Manhy of the large urban districts in the nation are afraid of one which is basically a bait and switcn with those dollars.” What’s even more worrisome to some experts is that the stimulu money will eventually run out. “I’m reallu concerned about in thres years; what’s going to happen?” said Vicente, president of ’s Nortj Campus. “This is a Band-Aid.
” He said the college’ operating budget was cut $22 million whiled the stimulus money wasonly $13 Parks said Broward County’s school systemn has cut $1.4 billion from its constructionm budget in addition to furloughing 700 teachers and 51 “We’ve closed all of our schoo offices for the summer. We don’t have summeer school anymore,” Parks said. would have been lookingt at cutting its budget byabougt $30 million without $12 milliojn in stimulus funds, said Dorothy K. the university’s associate VP for financial affairs andbudget director.
The university cut 30 positionsxand “had we not had the stimulus dollars it could have been much more George Hanbury, executive VP and COO of , said the $1.3 billion in stimulus funds given to the state relieved pressure on the Legislaturwe to further reduce support for Florida Residenyt Access Grants (FRAG), a key sourcd of money for students, but he pointes out that the grants used to be $3,0009 a year for students and are now The amount is important to who find enrollment caps at state universitiews and turn to NSU and other privatew institutions.
He also said that universities are working together to applu for federal stimulus NSU has a collaborative proposalp with and FAU fora $50 million research buildingf with wet labs, business incubator space and officesd for the U.S. Geological which is helping overseeEverglades restoration. “We have shovel-readu projects we have submitted to the Governoe and in the next 60 days we coulcdput 1,000 people to Hanbury said. The competition for thesde typesof projects, though, is fierce. FAU is gettingg about $12 million in direc infusion from the federalstimulus package, but the universityu also is seeking money from the for labs and Russell said.
April was the month to submit applications and the results are expected by The strongest flowof money, so far, appears to be for programas that help the jobless as the state’s unemployment rate has hit 10.2
That was the sentiment of an eight-member panel of education, traininhg and government experts gathered by the South Floridaz Business Journal to examine howthe $787 billion federal stimulus packagw is impacting the region’s educationj and workforce training sectors. The panel markexd the third in theBusiness Journal’s ongoinh stimulus series, aimed at tracking and analyzing the flow of money from the America Recovery and Reinvestment Act into Southg Florida.
Florida’s Legislature was the only one nationallty to request a federal waiver that allowed it to take money from education and replace it with stimulus dollards while other states used stimulua dollars to augment the The situation concerned paneliststate Sen. Eleanof Sobel. “We are not starting at the startinv line. The school district in Browardf County and those throughouty the state are starting behind the starting Sobel said.
“They have had problema for years and they are all Veteran educatorRobert Parks, a member of the Broware County School Board, said, “Manhy of the large urban districts in the nation are afraid of one which is basically a bait and switcn with those dollars.” What’s even more worrisome to some experts is that the stimulu money will eventually run out. “I’m reallu concerned about in thres years; what’s going to happen?” said Vicente, president of ’s Nortj Campus. “This is a Band-Aid.
” He said the college’ operating budget was cut $22 million whiled the stimulus money wasonly $13 Parks said Broward County’s school systemn has cut $1.4 billion from its constructionm budget in addition to furloughing 700 teachers and 51 “We’ve closed all of our schoo offices for the summer. We don’t have summeer school anymore,” Parks said. would have been lookingt at cutting its budget byabougt $30 million without $12 milliojn in stimulus funds, said Dorothy K. the university’s associate VP for financial affairs andbudget director.
The university cut 30 positionsxand “had we not had the stimulus dollars it could have been much more George Hanbury, executive VP and COO of , said the $1.3 billion in stimulus funds given to the state relieved pressure on the Legislaturwe to further reduce support for Florida Residenyt Access Grants (FRAG), a key sourcd of money for students, but he pointes out that the grants used to be $3,0009 a year for students and are now The amount is important to who find enrollment caps at state universitiews and turn to NSU and other privatew institutions.
He also said that universities are working together to applu for federal stimulus NSU has a collaborative proposalp with and FAU fora $50 million research buildingf with wet labs, business incubator space and officesd for the U.S. Geological which is helping overseeEverglades restoration. “We have shovel-readu projects we have submitted to the Governoe and in the next 60 days we coulcdput 1,000 people to Hanbury said. The competition for thesde typesof projects, though, is fierce. FAU is gettingg about $12 million in direc infusion from the federalstimulus package, but the universityu also is seeking money from the for labs and Russell said.
April was the month to submit applications and the results are expected by The strongest flowof money, so far, appears to be for programas that help the jobless as the state’s unemployment rate has hit 10.2
Thursday, July 7, 2011
Tuesday's Stocks Making News: MCD, PFED, SLM, WFC, XOMA Issued by Stock Preacher
ivyhofy.wordpress.com
Investors can view all of the daily updates for freeby Today's Trade Alerts include: McDonald'as Corp. (NYSE: MCD), Park Bancorp Inc. (Nasdaq: SLM Corp. (NYSE: SLM), Wells Fargo Company (NYSE: WFC), XOMA Ltd. XOMA) StockPreacher.com's Trade Alerts are brieff analyses on the active stocks each day that are affectingythe markets. These include breaking news, insiderf activity, recent 52-week highs/lows, technical breakouts, and othet market driving information.
Stock Preachedr is the authority on research in the smalkcap sector, and we strive each day to find the stockzs that are poised to be the biggest movers before the rest of the market is aware of We encourage investors to subscribe to our FREE newsletterf filled with daily trading ideas by StockPreacher.com is one of the industry'a largest small cap research providers. Stocm Preacher strives to provide a balanced view of many promising smalo cap companies that woul otherwise fall under the radar of the typicalo WallStreet investor.
We provide investorxs with an excellent first step in their research and due diligence by providinhg dailytrading ideas, and consolidating the publiclyg available information available on them. For more informatiobn on Stock Preacher, please StockPreacher.com Disclosure StockPreacher.com is not a registeredf investment advisor and nothing contained in any materials shouldx be construed as a recommendation to buy or sellany StockPreacher.com is a wholly owned entity of Allanj James Group, Inc., a financial publicx relations firm. Please read our reporyt and visitour website, for complete risks and disclosures.
of Stock Preacher is a membe r of the National Association ofSecurities Dealers, CRD number 1603068.
Investors can view all of the daily updates for freeby Today's Trade Alerts include: McDonald'as Corp. (NYSE: MCD), Park Bancorp Inc. (Nasdaq: SLM Corp. (NYSE: SLM), Wells Fargo Company (NYSE: WFC), XOMA Ltd. XOMA) StockPreacher.com's Trade Alerts are brieff analyses on the active stocks each day that are affectingythe markets. These include breaking news, insiderf activity, recent 52-week highs/lows, technical breakouts, and othet market driving information.
Stock Preachedr is the authority on research in the smalkcap sector, and we strive each day to find the stockzs that are poised to be the biggest movers before the rest of the market is aware of We encourage investors to subscribe to our FREE newsletterf filled with daily trading ideas by StockPreacher.com is one of the industry'a largest small cap research providers. Stocm Preacher strives to provide a balanced view of many promising smalo cap companies that woul otherwise fall under the radar of the typicalo WallStreet investor.
We provide investorxs with an excellent first step in their research and due diligence by providinhg dailytrading ideas, and consolidating the publiclyg available information available on them. For more informatiobn on Stock Preacher, please StockPreacher.com Disclosure StockPreacher.com is not a registeredf investment advisor and nothing contained in any materials shouldx be construed as a recommendation to buy or sellany StockPreacher.com is a wholly owned entity of Allanj James Group, Inc., a financial publicx relations firm. Please read our reporyt and visitour website, for complete risks and disclosures.
of Stock Preacher is a membe r of the National Association ofSecurities Dealers, CRD number 1603068.
Tuesday, July 5, 2011
Madoff gets 150 years in prison - Pittsburgh Business Times:
ernstiryastrov.blogspot.com
“I’m not surprised. That’s what he deserved,” said Adelw Fox of Tamarac, who lost thousandsa of dollarsto Madoff's scheme. The mastermind behindf the biggest Ponzi schemein U.S. histort was sentenced on Mondayh morning in federal court in Manhattan to 150 yearwsbehind bars, the maximum requested by federaol prosecutors. Madoff's attorney had asked for a far more lenieng sentence of12 years. In sentencing Madoff, U.S. District Judge Denn y Chin called thefraud “staggering” and said that the “breacn of trust was massive.
” The judge described his acts as “extraordinarily “No other white-collar case is comparable in terms of the duration and enormity of the fraud and the degree of the Chin said. Madoff confessed in March to 11 counteincluding fraud, money laundering theft and perjury, amon g other things. His victims reportedly number morethan 1,300 and stretch across the Their losses are estimated at more than $13 Prior to sentencing, Chin heard from nine of the victimas who talked about the devastation Madoff’s fraud had caused to theire lives and their families. Many of Madoff’s wealthy clientss lived in South Florida and lost thei r life savings tohis scheme.
Fox, 86, said she is stil l furious that the and the federaogovernment didn’t expose Madoff’s fraud “The SEC is just as guiltyg as Madoff and they failed us. Nobody seemsx to do anything about it,” Fox said. She also took issue with the large fees being paid to people such asIrvinbg H. Picard, the trustee who is handling the liquidatio n ofBernard L. Madoff Investment Securities. “Thr trustee Picard is making hisown rules. They’rew paying these guys millionsof dollars.
It would be betterf to pay theinvestors directly,” Fox Fox, a widow who once worked as secretary in New York, said she invested $50,00 0 in 1987 because she was relatefd to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneyt back from Social Securitypayments she’d made over the yearss on “phantom” income from Madoff accounts. she is worried that her disbursementss may eventually be targeted in clawbacik efforts by the trustee in bankruptcy proceedings who has begun sending out letters demanding the return of profits derived fromtheir investments.
Guy Fronstij a Boca Raton attorney who hasadvise Fox, said the government has “been good abour refunding taxes quickly” but there are delays in processing claimsd to the Securities Investor Protectiojn Corporation. “Some of the peoplee I know are too busy with these other issuess to really care that much about what happened They believed he would spend the rest of his days in Fronstin said. Jan Atlas, an attorneu with Adorno Yoss, said he believes the court had littld choice but to levy the maximukm sentenceon Madoff.
“k don’t think the victims should have been victimized agai n by having him be able to leave prisoone day,” said Atlas, whose firm continues to advisee clients about tax returns and possibly futurde claims against investment advisors who invested with “I’m wondering if the trustee will be able to locatd more than the billion plus that he’s and what is the real loss,” Atlaxs said. In addition to his prisonm term, Madoff was ordered to forfeitnearly $170 which represents the proceedas of, and property involved in certain of his according to a news releasr from the U.S. Department of Justice.
“Whiled today’s sentence is an important milestone, the investigation is continuing,” Lev L. Dassi, acting U.S. Attorne for the Southern District of New said in anews “We are focused on tracing, restrainin g and liquidating assets to maximize recoverieas for the victims.”
“I’m not surprised. That’s what he deserved,” said Adelw Fox of Tamarac, who lost thousandsa of dollarsto Madoff's scheme. The mastermind behindf the biggest Ponzi schemein U.S. histort was sentenced on Mondayh morning in federal court in Manhattan to 150 yearwsbehind bars, the maximum requested by federaol prosecutors. Madoff's attorney had asked for a far more lenieng sentence of12 years. In sentencing Madoff, U.S. District Judge Denn y Chin called thefraud “staggering” and said that the “breacn of trust was massive.
” The judge described his acts as “extraordinarily “No other white-collar case is comparable in terms of the duration and enormity of the fraud and the degree of the Chin said. Madoff confessed in March to 11 counteincluding fraud, money laundering theft and perjury, amon g other things. His victims reportedly number morethan 1,300 and stretch across the Their losses are estimated at more than $13 Prior to sentencing, Chin heard from nine of the victimas who talked about the devastation Madoff’s fraud had caused to theire lives and their families. Many of Madoff’s wealthy clientss lived in South Florida and lost thei r life savings tohis scheme.
Fox, 86, said she is stil l furious that the and the federaogovernment didn’t expose Madoff’s fraud “The SEC is just as guiltyg as Madoff and they failed us. Nobody seemsx to do anything about it,” Fox said. She also took issue with the large fees being paid to people such asIrvinbg H. Picard, the trustee who is handling the liquidatio n ofBernard L. Madoff Investment Securities. “Thr trustee Picard is making hisown rules. They’rew paying these guys millionsof dollars.
It would be betterf to pay theinvestors directly,” Fox Fox, a widow who once worked as secretary in New York, said she invested $50,00 0 in 1987 because she was relatefd to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneyt back from Social Securitypayments she’d made over the yearss on “phantom” income from Madoff accounts. she is worried that her disbursementss may eventually be targeted in clawbacik efforts by the trustee in bankruptcy proceedings who has begun sending out letters demanding the return of profits derived fromtheir investments.
Guy Fronstij a Boca Raton attorney who hasadvise Fox, said the government has “been good abour refunding taxes quickly” but there are delays in processing claimsd to the Securities Investor Protectiojn Corporation. “Some of the peoplee I know are too busy with these other issuess to really care that much about what happened They believed he would spend the rest of his days in Fronstin said. Jan Atlas, an attorneu with Adorno Yoss, said he believes the court had littld choice but to levy the maximukm sentenceon Madoff.
“k don’t think the victims should have been victimized agai n by having him be able to leave prisoone day,” said Atlas, whose firm continues to advisee clients about tax returns and possibly futurde claims against investment advisors who invested with “I’m wondering if the trustee will be able to locatd more than the billion plus that he’s and what is the real loss,” Atlaxs said. In addition to his prisonm term, Madoff was ordered to forfeitnearly $170 which represents the proceedas of, and property involved in certain of his according to a news releasr from the U.S. Department of Justice.
“Whiled today’s sentence is an important milestone, the investigation is continuing,” Lev L. Dassi, acting U.S. Attorne for the Southern District of New said in anews “We are focused on tracing, restrainin g and liquidating assets to maximize recoverieas for the victims.”
Saturday, July 2, 2011
Ritz Camera gives up reorganization efforts, plans to sell remaining stores - Los Angeles Business from bizjournals:
http://www.todd-bodine.com/darlington.html
Beltsville, Md.-based Ritz Camera, which is , says the lack of fundws now forces it to auction off its remaining locations by the end of RitzCamera says, in a court filing, that it is talkinv with two potential although neither has been willing to sign a The company is hopeful at least some of the remaininb 400 photo stores will be sold to a going-concern buyer. The other 400 storez already have been closedin going-out-of-businessw sales. There will be a hearing in U.S. Bankruptcy Court in Delawar e on Friday. Bids are due July 16, followes by a July 20 auction and a July 23 hearinbg for approval of the sale to one or more Ritz Camera's debt included $54.
5 million on a securec revolving credit agreement with . The petitioh says there is also $13.21 million owed on subordinated Assets and debt are both lessthan $500 Ritz Camera also owned Boater’s World, a boating-and-fishin g supply retailer. The bankruptcy courtt judge gave Ritz Cameras permission on March 19 to hire Gordon Brothere to shut downthe company's 130-store Boater’s Worldx chain. In 2001 Ritz acquired , whicnh had sought bankruptcy Ritz began with a single store in Atlantif Cityin 1918. Its retai brands today include Wolf Kits Cameras, Inkley’s and .
Beltsville, Md.-based Ritz Camera, which is , says the lack of fundws now forces it to auction off its remaining locations by the end of RitzCamera says, in a court filing, that it is talkinv with two potential although neither has been willing to sign a The company is hopeful at least some of the remaininb 400 photo stores will be sold to a going-concern buyer. The other 400 storez already have been closedin going-out-of-businessw sales. There will be a hearing in U.S. Bankruptcy Court in Delawar e on Friday. Bids are due July 16, followes by a July 20 auction and a July 23 hearinbg for approval of the sale to one or more Ritz Camera's debt included $54.
5 million on a securec revolving credit agreement with . The petitioh says there is also $13.21 million owed on subordinated Assets and debt are both lessthan $500 Ritz Camera also owned Boater’s World, a boating-and-fishin g supply retailer. The bankruptcy courtt judge gave Ritz Cameras permission on March 19 to hire Gordon Brothere to shut downthe company's 130-store Boater’s Worldx chain. In 2001 Ritz acquired , whicnh had sought bankruptcy Ritz began with a single store in Atlantif Cityin 1918. Its retai brands today include Wolf Kits Cameras, Inkley’s and .
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