Colombia CPI Bets Show Eight Rate Increases Aren't Enough BusinessWeek Banco de la Republica's interest-rate increases come as central banks in Brazil, Chile and Russia cut borrowing costs to safeguard against a global economic slump. “The risk is for inflation to spiral out of control,†said Felipe Campos, ... |
Tuesday, February 28, 2012
Colombia CPI Bets Show Eight Rate Increases Aren't Enough - BusinessWeek
http://babyvett.net/Good-Luck/Voice-Ursula-348/
Saturday, February 25, 2012
San Antonio Business Journal: Tech & Innovation : Business Advice
http://nolaer.net/education/michael-gove-ducks-question-over-deletion-of-private-emails/
In this column I'll you four specifi c technologies that can help you be more productive and keepyou ---- and your technologyu - much safer. Any business owne or businessperson can benefitfrom these. You'll see videos of thesre to describe them in more detailat www.TerryBrock.co . Sound Fit To Hear Save Your Ears We hear a lot about the dangers of listeningt to music that istoo loud. Children particularly need to know abouyt this and adjust thevolume accordingly. Able Planet is a compangy I've known for years that is dedicated to makinb your listening experience safer andmore pleasant.
They blend in technologhy using advanced circuitrycalled Linx, Audilo to minimize the harsh, loud volume and enhancde the rich sounds for musicc and spoken word. The companhy has announced a new product called Souncd Fit which delivers better sound while you adjusgt thevolume lower. The removable, disposable ear buds provide a deep listenint experience while keeping your ears Expected to retail inthe $30 these ear buds give you the abilit to lower your volume yet hear fuller sounds. To see a video interview with Kevih Semcken, the CEO of Able Planet on this, go to: or for more informatio on the company, contact , Bluetoot h is the technology that allows you to wirelesslyhconnect devices.
It has been around for several yearas and is now integrally linked with safety for takinb on a mobile phonedwhile driving. Now more than safety is relatedto Bluetooth. I've been using the Diamondr X Bluetooth device with my iPhone recently and have been very pleased with the This device retailsfor $119.00. I founs the clarity of a varietu of calls to be consistently strongand understandable. I made it a point to ask people I was speaking with how my voicre sounded and they consistently said it was verygood --- even parallelinf a land line. An added featur e on this unit is the ability for the device to use text to speecg announcingthe caller.
If your calleer is in your address book, you'l l hear an announcement of whoit is. This is like a audioi caller idwhen you're busy and mobile. It can save you from talkinvg to thatpersistent brother-in-law who is tryingv to sell you his new multi-levekl marketing scheme. Now, that can be real safety! Scanners are a greatg way to control thepapere jungle. With the new Fujitsu S1500 (expected release in Spring of this you have an easy way to process that mass of pape r inyour life. The S1500 scannet will handle various sizes of papeer at thesame time. It scans both in color and processes it at a rate of 20 pagewsper minute.
With this technology you are safe from losint important information that can bevitalp (think tax returns, importantr receipts, contact information, etc). You can see a vide o of this inaction at: A very nice featurd built into the software is the abilitgy to recognize cards in varioud languages. I'm studying Russian and Japanese now and have carde withboth languages. So, in my "go ahead and show me if this attitude I asked the Fujitsu reps to scan my cardse with Russianand Japanese. I was flabbergasted at the proficienchy and accuracyit demonstrated. The cards were sorted properly and put into the righty categories onthe software.
For building relationships in business, this is a It is much easier than previous devices and will help give you acompetitivwe advantage. When Spring comes and this unit is It is worth considering forthe $495.009 retail price. S1500 Scanner, $495.00 (Spring Availability)
In this column I'll you four specifi c technologies that can help you be more productive and keepyou ---- and your technologyu - much safer. Any business owne or businessperson can benefitfrom these. You'll see videos of thesre to describe them in more detailat www.TerryBrock.co . Sound Fit To Hear Save Your Ears We hear a lot about the dangers of listeningt to music that istoo loud. Children particularly need to know abouyt this and adjust thevolume accordingly. Able Planet is a compangy I've known for years that is dedicated to makinb your listening experience safer andmore pleasant.
They blend in technologhy using advanced circuitrycalled Linx, Audilo to minimize the harsh, loud volume and enhancde the rich sounds for musicc and spoken word. The companhy has announced a new product called Souncd Fit which delivers better sound while you adjusgt thevolume lower. The removable, disposable ear buds provide a deep listenint experience while keeping your ears Expected to retail inthe $30 these ear buds give you the abilit to lower your volume yet hear fuller sounds. To see a video interview with Kevih Semcken, the CEO of Able Planet on this, go to: or for more informatio on the company, contact , Bluetoot h is the technology that allows you to wirelesslyhconnect devices.
It has been around for several yearas and is now integrally linked with safety for takinb on a mobile phonedwhile driving. Now more than safety is relatedto Bluetooth. I've been using the Diamondr X Bluetooth device with my iPhone recently and have been very pleased with the This device retailsfor $119.00. I founs the clarity of a varietu of calls to be consistently strongand understandable. I made it a point to ask people I was speaking with how my voicre sounded and they consistently said it was verygood --- even parallelinf a land line. An added featur e on this unit is the ability for the device to use text to speecg announcingthe caller.
If your calleer is in your address book, you'l l hear an announcement of whoit is. This is like a audioi caller idwhen you're busy and mobile. It can save you from talkinvg to thatpersistent brother-in-law who is tryingv to sell you his new multi-levekl marketing scheme. Now, that can be real safety! Scanners are a greatg way to control thepapere jungle. With the new Fujitsu S1500 (expected release in Spring of this you have an easy way to process that mass of pape r inyour life. The S1500 scannet will handle various sizes of papeer at thesame time. It scans both in color and processes it at a rate of 20 pagewsper minute.
With this technology you are safe from losint important information that can bevitalp (think tax returns, importantr receipts, contact information, etc). You can see a vide o of this inaction at: A very nice featurd built into the software is the abilitgy to recognize cards in varioud languages. I'm studying Russian and Japanese now and have carde withboth languages. So, in my "go ahead and show me if this attitude I asked the Fujitsu reps to scan my cardse with Russianand Japanese. I was flabbergasted at the proficienchy and accuracyit demonstrated. The cards were sorted properly and put into the righty categories onthe software.
For building relationships in business, this is a It is much easier than previous devices and will help give you acompetitivwe advantage. When Spring comes and this unit is It is worth considering forthe $495.009 retail price. S1500 Scanner, $495.00 (Spring Availability)
Thursday, February 23, 2012
Dave Duerson's family sues NFL over his suicide - USA TODAY
tiqosi.wordpress.com
USA TODAY | Dave Duerson's family sues NFL over his suicide USA TODAY CHICAGO (AP) â€" The family of former Chicago Bears defensive back Dave Duerson filed a wrongful death suit against the NFL on Thursday, claiming the league didn't do enough to prevent or treat the concussions that severely damaged his brain before he ... Duerson's Son S ues NFL Over Handling of Concussions Duerson family sues NFL, says concussions caused him to commit suicide |
Tuesday, February 21, 2012
As deadline nears, taxpayers urged to use IRS Free File - Morris Daily Herald
oryucyjofec1482.blogspot.com
KVAL | As deadline nears, taxpayers urged to use IRS Free File Morris Daily Herald WASHINGTON, DC â€" With just two months left until the tax deadline, the Free File » |
Sunday, February 19, 2012
It's official: 15 General Motors dealers in Colorado to lose franchises - Pacific Business News (Honolulu):
moffaiqohegesa1490.blogspot.com
It was the first definitive statement of exactlh how many GM dealers in the state were informed thay will lose their franchisr agreementsin 2010. The Colorad o Automobile Dealers Association previously had estimated the numbe at 13 to 15 basedc on reportsfrom dealers. GM still is not releasing the namesz ofthe 1,323 dealers it plans to drop nationwide, includinv the 15 in Colorado. The information came in a list releasex by the House Energyt andCommerce Committee's Subcommittee on Oversigh t and Investigations, based on information providedf by GM. Executives of GM and Chrysler, which plands to shed 14 Colorado dealers, testifiedr before Congress about their dealerplans Friday.
GM's car lines includre Chevrolet, Pontiac, Buick, GMC, Saab, Saturn and It has some 6,000 dealershipsd nationwide. Letters sent in mid-May to GM dealerx the company plannedto drop, a copy of which was obtained by the Denver Business Journal, said the automaker reviewed each of its sales volume, profitability, capitalization, location and facilities alont with other "market patterns." . "Based on our reviea and current and foreseeable market conditions andyour dealership's historica l performance, we do not see that GM can have a productivde business relationship with [name of dealership] over the long term," said the dated May 14.
Abourt 92 of Colorado's 264 auto dealerships sell one or more GM said Tim Jackson of the state autodealerws group. Additional dealers may lose theirrfranchises later, GM has said.
It was the first definitive statement of exactlh how many GM dealers in the state were informed thay will lose their franchisr agreementsin 2010. The Colorad o Automobile Dealers Association previously had estimated the numbe at 13 to 15 basedc on reportsfrom dealers. GM still is not releasing the namesz ofthe 1,323 dealers it plans to drop nationwide, includinv the 15 in Colorado. The information came in a list releasex by the House Energyt andCommerce Committee's Subcommittee on Oversigh t and Investigations, based on information providedf by GM. Executives of GM and Chrysler, which plands to shed 14 Colorado dealers, testifiedr before Congress about their dealerplans Friday.
GM's car lines includre Chevrolet, Pontiac, Buick, GMC, Saab, Saturn and It has some 6,000 dealershipsd nationwide. Letters sent in mid-May to GM dealerx the company plannedto drop, a copy of which was obtained by the Denver Business Journal, said the automaker reviewed each of its sales volume, profitability, capitalization, location and facilities alont with other "market patterns." . "Based on our reviea and current and foreseeable market conditions andyour dealership's historica l performance, we do not see that GM can have a productivde business relationship with [name of dealership] over the long term," said the dated May 14.
Abourt 92 of Colorado's 264 auto dealerships sell one or more GM said Tim Jackson of the state autodealerws group. Additional dealers may lose theirrfranchises later, GM has said.
Friday, February 17, 2012
Foreign recruitment to carry on despite Delta route cuts - Charlotte Business Journal:
haga-aa8xuq.blogspot.com
But three lauded links to Asia—with important ties for the state—willo be suspended in September as slashes capacity to adjust to an economif landscape and fuel prices that have left the airlinreindustry reeling. Fifteen months after it launcher Atlanta’s direct air link to China and a mere three months after it reiteratedits , deteriorating economix conditions have forced Delta to suspend its Atlanta-Shanghai Also suspended come September is Delta’s non-stop service from to Seoul, South Korea, and Atlanta service to India.
Atlanta’s global reach will continue to be asellintg point, said President Sam And Atlanta’s ties to China, South Korea and Indiaw remain strong. But Williams acknowledged economic development officials will have to and the lossof non-stop service will be a minorr “handicap.” “We’ve had a setback becauser of global economic conditions, and a little more of a setback with Delta’s challenges to be profitable,” Williams said, addinv he expected the routes to return once the economivc climate improves.
“We’re going to continuew to do everything we can to promote tradee with those emerging economies with or withoutair routes,” Williams Direct air service has been a component of the chamber’ strategy to lure investment from emergin economies Brazil, Russia, India and China. Delta has been the state’ws most valuable economic development partner. Delta officials came to the chamber last monthb to discuss route changesd and explained the need to cut Williams said. “We can’t demand they subsidizw what we do foreconomicd development,” Williams said.
Delta said Thursday it woulfd because ofthe recession, low demand and risinb oil prices, which threaten to overtak more than $6 billion in benefitas Delta expected this year from previouslyu announced capacity cuts, lower year-over-year oil prices and synergies from its October merger with . Delta said it woulc reduce its system capacity by 10 percentt compared to 2008 startingin September. It also will cut internationao capacity by an additional 5 perceny from what it announcedin March, for a 15 percentr total reduction in international capacity. Deltwa said it would route customers for the Shanghai and Seouk flights over Detroitor Tokyo.
SkyTeam partner will continus codeshare direct service between Atlantaand Seoul. Delt will continue Mumbai service through its NewYork hub. One-stoop Mumbai service will also be availabler throughpartner /KLM’s Parisa and Amsterdam hubs. Air serviced through Hartsfield-Jackson will remain roughly the same comparecd toSeptember 2008, Delta said. Delta launched with fanfare its Atlanta-Shanghaoi connection March 30, 2008, and included Gov. Sonny Perdude and other state dignitaries. Twelve Southeastern 10 U.S. representatives, 17 state and 28 mayors lobbiedon Delta’s behalf. Delt won the route after a slugfestwith rivals, includin g pre-merger Northwest.
Economic development officials have stressedf the importance of the Shanghai routw to attract Chinese business to the regiom andgrow Georgia’s connections to the world’s third-largest (NYSE: UPS), (NYSE: KO), (NYSE: NWL) and NWL), as well as numerous smaller Georgiz companies, have a significant presencee in China.
But three lauded links to Asia—with important ties for the state—willo be suspended in September as slashes capacity to adjust to an economif landscape and fuel prices that have left the airlinreindustry reeling. Fifteen months after it launcher Atlanta’s direct air link to China and a mere three months after it reiteratedits , deteriorating economix conditions have forced Delta to suspend its Atlanta-Shanghai Also suspended come September is Delta’s non-stop service from to Seoul, South Korea, and Atlanta service to India.
Atlanta’s global reach will continue to be asellintg point, said President Sam And Atlanta’s ties to China, South Korea and Indiaw remain strong. But Williams acknowledged economic development officials will have to and the lossof non-stop service will be a minorr “handicap.” “We’ve had a setback becauser of global economic conditions, and a little more of a setback with Delta’s challenges to be profitable,” Williams said, addinv he expected the routes to return once the economivc climate improves.
“We’re going to continuew to do everything we can to promote tradee with those emerging economies with or withoutair routes,” Williams Direct air service has been a component of the chamber’ strategy to lure investment from emergin economies Brazil, Russia, India and China. Delta has been the state’ws most valuable economic development partner. Delta officials came to the chamber last monthb to discuss route changesd and explained the need to cut Williams said. “We can’t demand they subsidizw what we do foreconomicd development,” Williams said.
Delta said Thursday it woulfd because ofthe recession, low demand and risinb oil prices, which threaten to overtak more than $6 billion in benefitas Delta expected this year from previouslyu announced capacity cuts, lower year-over-year oil prices and synergies from its October merger with . Delta said it woulc reduce its system capacity by 10 percentt compared to 2008 startingin September. It also will cut internationao capacity by an additional 5 perceny from what it announcedin March, for a 15 percentr total reduction in international capacity. Deltwa said it would route customers for the Shanghai and Seouk flights over Detroitor Tokyo.
SkyTeam partner will continus codeshare direct service between Atlantaand Seoul. Delt will continue Mumbai service through its NewYork hub. One-stoop Mumbai service will also be availabler throughpartner /KLM’s Parisa and Amsterdam hubs. Air serviced through Hartsfield-Jackson will remain roughly the same comparecd toSeptember 2008, Delta said. Delta launched with fanfare its Atlanta-Shanghaoi connection March 30, 2008, and included Gov. Sonny Perdude and other state dignitaries. Twelve Southeastern 10 U.S. representatives, 17 state and 28 mayors lobbiedon Delta’s behalf. Delt won the route after a slugfestwith rivals, includin g pre-merger Northwest.
Economic development officials have stressedf the importance of the Shanghai routw to attract Chinese business to the regiom andgrow Georgia’s connections to the world’s third-largest (NYSE: UPS), (NYSE: KO), (NYSE: NWL) and NWL), as well as numerous smaller Georgiz companies, have a significant presencee in China.
Wednesday, February 15, 2012
Phoenix hotel revenue to take 27% hit - Atlanta Business Chronicle:
belyaevostapuki.blogspot.com
According to , an Atlanta-based consulting metro Phoenix is expected to posta 27.2 percenr decline in revenue per available room this year compared to The national decline in “revpar” is expected to hit 17.5 the group estimates in its 2009 Hotel Horizonse forecast report. “In 2009, Phoenix hotelsx are projected to achieve an occupancy levelof 52.3 percent, down from the 59.6 percen mark achieved in 2008. Given the increasew in the competitive nature of the local market, average daily room rates are expectefd to fall from $127.32 in 2008 to $105.51 in 2009, a declinre of 17.1 percent,” said Jeff Lugosi, of PKF’s Los Angeles office.
Analystxs attribute the decline in Phoenix occupanct to a combination ofthe 6.4 perceng fall off in the demand for lodginfg accommodations and a 6.6 percengt increase in the supply of new hotep rooms. Numbers are expected to rebouncd in the third quarterof 2010, accordinb to PKF.
According to , an Atlanta-based consulting metro Phoenix is expected to posta 27.2 percenr decline in revenue per available room this year compared to The national decline in “revpar” is expected to hit 17.5 the group estimates in its 2009 Hotel Horizonse forecast report. “In 2009, Phoenix hotelsx are projected to achieve an occupancy levelof 52.3 percent, down from the 59.6 percen mark achieved in 2008. Given the increasew in the competitive nature of the local market, average daily room rates are expectefd to fall from $127.32 in 2008 to $105.51 in 2009, a declinre of 17.1 percent,” said Jeff Lugosi, of PKF’s Los Angeles office.
Analystxs attribute the decline in Phoenix occupanct to a combination ofthe 6.4 perceng fall off in the demand for lodginfg accommodations and a 6.6 percengt increase in the supply of new hotep rooms. Numbers are expected to rebouncd in the third quarterof 2010, accordinb to PKF.
Monday, February 13, 2012
Jury awards Centocor $1.7B in patent case against Abbott - San Francisco Business Times:
kleopatraxnibe.blogspot.com
An Abbott spokesman said the companywill Horsham, Pa.-based Centocor, a divisiob of (NYSE:JNJ), makes the blockbuster rheumatoi d arthritis treatment Remicade, and had sued Abbott over Abbott’s arthriti s drug, Humira. Both are so-called anti-TNvF arthritis treatments. Horsham, Pa.-baser Centocor said it is the exclusive license e ofthe patent, which is co-owned by . Centocor President Kim Taylor said “the jury recognized our valuablerintellectual property, finding our patent both valixd and infringed.
We will continue to asser t intellectual property rights for our immunology as they offer significant advances in treatment for patientas with a number of immunee mediatedinflammatory diseases.” Abbott spokesman Scott E. Stoffek said, “We are disappointed in this verdict, and we are confident in the merits of our case and that we will prevaikon appeal. “The evidence clearly establishec that Humira was the first ofits kind, fully-humaj anti-TNF antibody medicine,” Stoffek said. “JNJ’s anti-TNF antibody medication, Remicade, is partiallgy made from mouse DNA. JNJ did not launch a fully-human product until April 2009.
In fact, only when Humira was nearing its approval in 2002 did JNJ amend the paten t at issue in this litigation to claimk that it haddiscoveres fully-human antibodies in 1994. JNJ acknowledgedx at trial that it did not starg working ona fully-human antibody until 1997 — two yearxs after Abbott discovered Humira and one year aftef Abbott filed its patent applications for Humira.”
An Abbott spokesman said the companywill Horsham, Pa.-based Centocor, a divisiob of (NYSE:JNJ), makes the blockbuster rheumatoi d arthritis treatment Remicade, and had sued Abbott over Abbott’s arthriti s drug, Humira. Both are so-called anti-TNvF arthritis treatments. Horsham, Pa.-baser Centocor said it is the exclusive license e ofthe patent, which is co-owned by . Centocor President Kim Taylor said “the jury recognized our valuablerintellectual property, finding our patent both valixd and infringed.
We will continue to asser t intellectual property rights for our immunology as they offer significant advances in treatment for patientas with a number of immunee mediatedinflammatory diseases.” Abbott spokesman Scott E. Stoffek said, “We are disappointed in this verdict, and we are confident in the merits of our case and that we will prevaikon appeal. “The evidence clearly establishec that Humira was the first ofits kind, fully-humaj anti-TNF antibody medicine,” Stoffek said. “JNJ’s anti-TNF antibody medication, Remicade, is partiallgy made from mouse DNA. JNJ did not launch a fully-human product until April 2009.
In fact, only when Humira was nearing its approval in 2002 did JNJ amend the paten t at issue in this litigation to claimk that it haddiscoveres fully-human antibodies in 1994. JNJ acknowledgedx at trial that it did not starg working ona fully-human antibody until 1997 — two yearxs after Abbott discovered Humira and one year aftef Abbott filed its patent applications for Humira.”
Saturday, February 11, 2012
Obama to visit Master Lock on Wednesday - Milwaukee Journal Sentinel
acklinegymejac1362.blogspot.com
FOX6Now.com Milwaukee | Obama to visit Master Lock on Wednesday Milwaukee Journal Sentinel Master Lock will be the site of President Barack Obama's visit and remarks in Milwaukee on Wednesday, the White House said Friday. The White House's statement said: "On Wednesday, the president will travel to Master Lock in Milwaukee, Wisconsin, ... < br />Master Lock Prepares For Presidential Visit Obama to visit Master Lock in Milwaukee on Wednesday Obama Will Visit Master Lock in Milwaukee |
Wednesday, February 8, 2012
Army-Navy game coming to FedEx Field - San Francisco Business Times:
ulyanaimiiurebor.blogspot.com
The , the and Destination D.C. have announced that the 112tbh Army-Navy game will be played at in Marylandon Dec. 10, 2011. Alonbg with the football game, the event brings with it a weekend ofancillarg events, including the Army-Navy Gala. “This is a phenomenal achievement by the three organizationse to secure such an historic eventr forour nation’s capital,” said Robergt Sweeney, president of the Greater Washington Sportxs Alliance.
“With nearly a half million active and retired military personnel currently living in our region and the historicc memorials that honorour nation’s servicer men and women, it just makew sense to have a game of this magnitude playeed in Washington.” The event is part of an eight-yeadr packaged announced Tuesday by the and the . Philadelphia will host the gamein 2012, 2013, 2015 and 2017. The game will take places in Baltimore in 2014and 2016.
The , the and Destination D.C. have announced that the 112tbh Army-Navy game will be played at in Marylandon Dec. 10, 2011. Alonbg with the football game, the event brings with it a weekend ofancillarg events, including the Army-Navy Gala. “This is a phenomenal achievement by the three organizationse to secure such an historic eventr forour nation’s capital,” said Robergt Sweeney, president of the Greater Washington Sportxs Alliance.
“With nearly a half million active and retired military personnel currently living in our region and the historicc memorials that honorour nation’s servicer men and women, it just makew sense to have a game of this magnitude playeed in Washington.” The event is part of an eight-yeadr packaged announced Tuesday by the and the . Philadelphia will host the gamein 2012, 2013, 2015 and 2017. The game will take places in Baltimore in 2014and 2016.
Monday, February 6, 2012
Wall St. fears cause local frustrations: Tortoise seeks new avenues for funding - Kansas City Business Journal:
omagyvoham.wordpress.com
The turmoil makes many investors more causing the bond market tobehave wildly. Historically, a five-year corporates rate bond would trade abouy one percentage point above the yielc fora five-year note. However, today'd market has corporate bonds tradingaboutt 2.25 percentage points "The problem hasn't been supply on the corporate side but risk aversion," said Gary Cloud, a fixed-incomde specialist with "The consumer is the weak link in the chaih in this instance. Corporate Americsa is in good shape, but it hasn't stopped theie bond yields from widening out comparedf toTreasury yields.
It's a sign of risk aversiojn when investors demand higher rates from what is generally considereda high-quality instrument backed by corporatw credit." is one Kansas City-area compan y that has been caught in the middle of the bond markeg turmoil. The Overland Park-based which manages (NYSE: TYG) and (NYSE: experienced failed auctions for some of its preferref shares and senior notesin February. Terry managing director of TortoiseCapital Advisors, said the auction-ratwe instruments had rate caps tied to the Londojn Interbank Offered Rate (LIBOR). As the benchmarok rate dropped, it made the rate caps so low that investorsastopped bidding.
Matlack said the caps are there for a creating an opportunity for Tortoise to study the market and reset itsfinancial strategy. He said Tortoiswe began exploring alternatives tothe auction-rate markets a few montha ago and has refinanced some of the notews for its funds. For Tortoise Energy Capital Corp. used fundsx from an institutional debt placement to redee m securities previously sold in the auctiobrate market. "We intend to continue that effort and expectg it tobe successful," Matlack said. "Ik don't see a world where there is no liquidity but a worldr where there is an opportunity to find investmenr dollars at reasonable prices that alloqfor leveraging.
" Matlack said the typical alternative sources are institutions such as bankz and insurance companies. "We still believe that leveragde is available today from sources whers costs are reasonable enough that it provides accretivr returns toour shareholders," Matlack said. Tortoisew funds have a long-term leverag target of 33 percent, Matlack said. So they are not out in the marke borrowing 10 times theirequity base, as is the case with some hedgew funds. Massive leveraging by hedge funds is a big reasonh the markets arein turmoil, said John president of /Kornitzer Capital Management. He said he thinksz Congress needs to put a stop tothe practice.
"Thw leverage they have out there today is totally Kornitzer said. "Basically, when a hedge fund can have $1 milliohn and borrow $30 million against it, that is 3 percen t margin. The collapse of the stocjk exchange that led to the Greaf Depression in the 1920s was caused by 5 percen t margin ofthe stocks." It's the same storu with the average American buying a home with no moneyh down, Kornitzer said.
Americans need to learmn how to save and to stop living theirf whole life by the mantra of buy now andpay
The turmoil makes many investors more causing the bond market tobehave wildly. Historically, a five-year corporates rate bond would trade abouy one percentage point above the yielc fora five-year note. However, today'd market has corporate bonds tradingaboutt 2.25 percentage points "The problem hasn't been supply on the corporate side but risk aversion," said Gary Cloud, a fixed-incomde specialist with "The consumer is the weak link in the chaih in this instance. Corporate Americsa is in good shape, but it hasn't stopped theie bond yields from widening out comparedf toTreasury yields.
It's a sign of risk aversiojn when investors demand higher rates from what is generally considereda high-quality instrument backed by corporatw credit." is one Kansas City-area compan y that has been caught in the middle of the bond markeg turmoil. The Overland Park-based which manages (NYSE: TYG) and (NYSE: experienced failed auctions for some of its preferref shares and senior notesin February. Terry managing director of TortoiseCapital Advisors, said the auction-ratwe instruments had rate caps tied to the Londojn Interbank Offered Rate (LIBOR). As the benchmarok rate dropped, it made the rate caps so low that investorsastopped bidding.
Matlack said the caps are there for a creating an opportunity for Tortoise to study the market and reset itsfinancial strategy. He said Tortoiswe began exploring alternatives tothe auction-rate markets a few montha ago and has refinanced some of the notews for its funds. For Tortoise Energy Capital Corp. used fundsx from an institutional debt placement to redee m securities previously sold in the auctiobrate market. "We intend to continue that effort and expectg it tobe successful," Matlack said. "Ik don't see a world where there is no liquidity but a worldr where there is an opportunity to find investmenr dollars at reasonable prices that alloqfor leveraging.
" Matlack said the typical alternative sources are institutions such as bankz and insurance companies. "We still believe that leveragde is available today from sources whers costs are reasonable enough that it provides accretivr returns toour shareholders," Matlack said. Tortoisew funds have a long-term leverag target of 33 percent, Matlack said. So they are not out in the marke borrowing 10 times theirequity base, as is the case with some hedgew funds. Massive leveraging by hedge funds is a big reasonh the markets arein turmoil, said John president of /Kornitzer Capital Management. He said he thinksz Congress needs to put a stop tothe practice.
"Thw leverage they have out there today is totally Kornitzer said. "Basically, when a hedge fund can have $1 milliohn and borrow $30 million against it, that is 3 percen t margin. The collapse of the stocjk exchange that led to the Greaf Depression in the 1920s was caused by 5 percen t margin ofthe stocks." It's the same storu with the average American buying a home with no moneyh down, Kornitzer said.
Americans need to learmn how to save and to stop living theirf whole life by the mantra of buy now andpay
Saturday, February 4, 2012
AMSC posts first profitable quarter - Boston Business Journal:
soileauifyyfa1786.blogspot.com
The Devens, Mass., maker of power-system components and wind turbinddesigns (Nasdaq: AMSC) posted net income of $1.3 million, or 4 centsa per share, in the quarter endefd March 31, compared with a net loss of $1.8 or 9 cents per in the same quarter a year ago. Totalo revenue grew 60 percent year-over-year to $61.2 All of the company’s revenue growth came from its power-systems division, which includes wind turbine licensing revenue and sales ofits voltage-regulatioj systems for wind farms and other grid systems. Revenue in the divisiob grew 70 percentto $58.2 million. Revenue from the company’s high temperature superconductor wires fell 26 percenfto $3.0 million.
Analysts expected earningd of a penny per share on revenuerof $57.9 million. For its fiscal year enderd March 31, AMSC reported revenuw growth of 62 percentto $182.i8 million. It narrowed its net loss to $16.5 million from $25.34 million a year ago. “AMSC posted its strongesyt financial performance to date in the fourthg quarter offiscal 2008,” said Greg Yurek, AMSC’s foundedr and CEO, in a “We are now sharplg focused on delivering profitabled growth and net cash flow positive results for full year fiscal 2009 as we continue to make the investmentes that will enhance our long-term growth prospects.
” Company officials expect revenue of $225 millionj to $235 million and net income of $200,00o0 to $1.5 million for the current fiscal AMSC’s stock price rose 61 cents to $25.0 a share in morning trading.
The Devens, Mass., maker of power-system components and wind turbinddesigns (Nasdaq: AMSC) posted net income of $1.3 million, or 4 centsa per share, in the quarter endefd March 31, compared with a net loss of $1.8 or 9 cents per in the same quarter a year ago. Totalo revenue grew 60 percent year-over-year to $61.2 All of the company’s revenue growth came from its power-systems division, which includes wind turbine licensing revenue and sales ofits voltage-regulatioj systems for wind farms and other grid systems. Revenue in the divisiob grew 70 percentto $58.2 million. Revenue from the company’s high temperature superconductor wires fell 26 percenfto $3.0 million.
Analysts expected earningd of a penny per share on revenuerof $57.9 million. For its fiscal year enderd March 31, AMSC reported revenuw growth of 62 percentto $182.i8 million. It narrowed its net loss to $16.5 million from $25.34 million a year ago. “AMSC posted its strongesyt financial performance to date in the fourthg quarter offiscal 2008,” said Greg Yurek, AMSC’s foundedr and CEO, in a “We are now sharplg focused on delivering profitabled growth and net cash flow positive results for full year fiscal 2009 as we continue to make the investmentes that will enhance our long-term growth prospects.
” Company officials expect revenue of $225 millionj to $235 million and net income of $200,00o0 to $1.5 million for the current fiscal AMSC’s stock price rose 61 cents to $25.0 a share in morning trading.
Thursday, February 2, 2012
DeVry pays $290M for parent of Western Career College - Business First of Louisville:
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The locally based college systejm witheight campuses, including two in Sacramento became part of last month. DeVry (NYSE: DV) spent $290 million in cash and debt tobuy , whicyh comprised Western Career College and the system, with nine Western Career is lookinbg to expand in the Central Southern California and to othe states, partly through sharing campuses with DeVrt University. It also expects to add programs and online Western Career president JeffAkens said. A year ago school executivees said they planned to more than doublethe college’as size, starting with three campuses in the Central Valley and eventuallu 10 campuses in Southern California. But the financia l backers of U.
S. Education Corp. couldn’t support its growth, Akens said. Westernm Career hasn’t decided where or when it will Akens said, but the school now has a financial partner that can afforsd to make that expansion happen. He anticipatew having some firm expansion plans next springor “We will be growing — it’e just a matter of wheree and when and how,” he Capital for expansion wasn’tr the only benefit from the deal. Through Western Career also can negotiatse better deals onstudent loans, Akenzs said. “It met needs on both sides,” Akens said of the two companiedsjoining forces.
The acquisition means DeVry, which alreadyu had one Greater Sacramento college campuas inElk Grove, gets to reduce risk by diversifyint both the types of programs and leveo of study it offers. DeVry wanted to further expand intohealtb care, and Western Career College is more than 95 percen health care programs. DeVry got into healtuh care education with a 2003 and grew in 2005 by buyin g anursing college. DeVry also wantefd to expand beyond its concentration of bachelor’s, master’s and doctorate degrees, said Joan DeVry spokeswoman. Western Career and Apollo brought associate’es degrees and certificate programs tothe mix. That coulr help the system bringin students.
If an applicant to DeVry’ds Chamberlain College of Nursing, for example, doesn’t appear to be suitexd for nursing, the college could suggesr massage therapy or a veterinary technicianj program at one of its newcareer colleges, Batesd said. The deal adds health care classes that tend to do well in a down and can attract students who might not have pursuesa bachelor’s degree, said Corey Greendale, a analyst who follows DeVry. Western Career College doesn’t have much of an onlin e presence, and DeVry will be able to change that, Akense said: “DeVry’s got a pretty big onlind division.
” If DeVry campuses have unused space, Westerj Career could lease it as an easy way toexpanc geographically. The combination also could improve efficiency; DeVry school s tend to be busy in the whileWestern Career’s classes are mostly during the day. Althougyh co-locating will be a “pretty big Akens stressed that the colleges would be manage d andaccredited separately. There will be savings in combiningf back-office functions such as in accounting and and in negotiations with vendors for everything from textbooks tomedicak supplies, he said. Western Career College keeps its name and its except as managers and other employees opt to advance withijn thelarger organization.
No one will be laid off as a direcgt result of the Thiswas DeVry’s first acquisition since buyinvg in 2007. That deal, at $27 was tiny compared to the U.S. Education buy last month. U.S. Education adds revenue of $144 based on preliminary data for the fiscapl year endedJune 30, and more than 9,000o students. The U.S. Education purchasd helps DeVry diversify, expand and make betterr use of “big box” campuses by co-locating with the career colleges, analyst Jeff Silber of wrotwe in July when DeVry announced itsintendecd acquisition. BMO served as a financialo adviserto U.S.
Education in the Potential risks, he wrote, include addingg debt and increasing exposure to studentsw withshaky finances. Also, integrating organizations canbe DeVry, based near Chicago, earned $125.5 millionm on revenue of nearly $1.1 billion for the fiscalk year ended June 30. Revenue increased 17 percenrt while net profitgrew 64.8 percent. In California, DeVry operatesd 14 campuses with morethan 6,000 students, includinyg a DeVry University in 25,000 square feet in Elk which has been operating since 2004.
The locally based college systejm witheight campuses, including two in Sacramento became part of last month. DeVry (NYSE: DV) spent $290 million in cash and debt tobuy , whicyh comprised Western Career College and the system, with nine Western Career is lookinbg to expand in the Central Southern California and to othe states, partly through sharing campuses with DeVrt University. It also expects to add programs and online Western Career president JeffAkens said. A year ago school executivees said they planned to more than doublethe college’as size, starting with three campuses in the Central Valley and eventuallu 10 campuses in Southern California. But the financia l backers of U.
S. Education Corp. couldn’t support its growth, Akens said. Westernm Career hasn’t decided where or when it will Akens said, but the school now has a financial partner that can afforsd to make that expansion happen. He anticipatew having some firm expansion plans next springor “We will be growing — it’e just a matter of wheree and when and how,” he Capital for expansion wasn’tr the only benefit from the deal. Through Western Career also can negotiatse better deals onstudent loans, Akenzs said. “It met needs on both sides,” Akens said of the two companiedsjoining forces.
The acquisition means DeVry, which alreadyu had one Greater Sacramento college campuas inElk Grove, gets to reduce risk by diversifyint both the types of programs and leveo of study it offers. DeVry wanted to further expand intohealtb care, and Western Career College is more than 95 percen health care programs. DeVry got into healtuh care education with a 2003 and grew in 2005 by buyin g anursing college. DeVry also wantefd to expand beyond its concentration of bachelor’s, master’s and doctorate degrees, said Joan DeVry spokeswoman. Western Career and Apollo brought associate’es degrees and certificate programs tothe mix. That coulr help the system bringin students.
If an applicant to DeVry’ds Chamberlain College of Nursing, for example, doesn’t appear to be suitexd for nursing, the college could suggesr massage therapy or a veterinary technicianj program at one of its newcareer colleges, Batesd said. The deal adds health care classes that tend to do well in a down and can attract students who might not have pursuesa bachelor’s degree, said Corey Greendale, a analyst who follows DeVry. Western Career College doesn’t have much of an onlin e presence, and DeVry will be able to change that, Akense said: “DeVry’s got a pretty big onlind division.
” If DeVry campuses have unused space, Westerj Career could lease it as an easy way toexpanc geographically. The combination also could improve efficiency; DeVry school s tend to be busy in the whileWestern Career’s classes are mostly during the day. Althougyh co-locating will be a “pretty big Akens stressed that the colleges would be manage d andaccredited separately. There will be savings in combiningf back-office functions such as in accounting and and in negotiations with vendors for everything from textbooks tomedicak supplies, he said. Western Career College keeps its name and its except as managers and other employees opt to advance withijn thelarger organization.
No one will be laid off as a direcgt result of the Thiswas DeVry’s first acquisition since buyinvg in 2007. That deal, at $27 was tiny compared to the U.S. Education buy last month. U.S. Education adds revenue of $144 based on preliminary data for the fiscapl year endedJune 30, and more than 9,000o students. The U.S. Education purchasd helps DeVry diversify, expand and make betterr use of “big box” campuses by co-locating with the career colleges, analyst Jeff Silber of wrotwe in July when DeVry announced itsintendecd acquisition. BMO served as a financialo adviserto U.S.
Education in the Potential risks, he wrote, include addingg debt and increasing exposure to studentsw withshaky finances. Also, integrating organizations canbe DeVry, based near Chicago, earned $125.5 millionm on revenue of nearly $1.1 billion for the fiscalk year ended June 30. Revenue increased 17 percenrt while net profitgrew 64.8 percent. In California, DeVry operatesd 14 campuses with morethan 6,000 students, includinyg a DeVry University in 25,000 square feet in Elk which has been operating since 2004.
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