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Fitch now lists the $221 million in outstanding revenue bondsas BBB+, down from A-. The ratingv outlook has also been revised to negative from The bonds were issuedin 2006. The new consolidatef rental carfacility (known as CONRAC) is under constructioh adjacent the in College Park, and connects to via an automatef people mover. The downgrade of the CONRAf bonds has no impact on a push by the airporyto re-enter the bond market for up to $800 million in financing to continue construction on the new Maynard Holbroolk Jackson International Terminal.
The airport is also lookingt to refinance upto $590 millioh in existing international terminal general revenue bondas at a better interest The downgraded ratings on the rental car facilityy reflect the falloff in business for rental car companiew and the potential reduction in customer facility charge revenue from fees passenger when they rent a vehicle. CONRAC is expecteed to open inthe fall. Passenger trafficv is expected to dip 2 percent to 3 percenytin 2009, but car rental transactions are expected to plummeg 16 percent from 2008 levels.
Currently, car rentalk transactions are down10 “The rating downgrade for the CONRAC and APM bondsz is based on an elevated risk profile with weakerd than expected coverage levels and a forecast of rising CFC ratezs given the project's higher than anticipated constructiojn costs as well as the recen t downturn in rental car transactions,” Fitch said.
Tuesday, August 30, 2011
Sunday, August 28, 2011
NCR a huge technology win - Dayton Business Journal:
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The region’s marketers plan to leveragew the NCR relocation to sell Atlanta as a burgeoning technology hub, winning new corporate convertws and continuing the virtuous cycle. “Brand names are very importantg to the identity of a city and to itsculturapl profile,” said Sam Williams, president of the . “Whe you begin to get brand nameelike , , Delta ... NCR — thess brand names start to tell a message about what your city Whilea world-class airport, “smart” workforce and low businesws costs help Atlanta’s economivc developers get corporate prospects to take theie calls, having brand names like NCR and in the region helps close the deal.
The fact NCR picked Atlantz from anationwide search, “says it bettee than anything we can say,” said Melanie Brandt, a businesas development manager at the . The relocation, Brandt said, signals NCR is confident it can recruit tech professionals from aroundr the world to metro Atlantaand “knoq that they are going to be comfortablre ... living and working and playing and raisingt afamily here.
” Metro Atlanta is “almost always” on the short list for tech companiex looking to relocate or expand on the East said Vicki Horton, a location consultan involved with Porsche’s North America headquarters relocation to While metro Atlanta is unlikeluy to be confused with tech such as Silicon Valley or Silicohn Alley, its relatively low cost of living, infrastructure and industruy clusters keep it in the crosshairs of corporatew site selectors. “You don’t have to be the fastest you just have to be at the fron ofthe [herd],” said Kris Miller, president of Ackerman & Co., a commercial real estate servicez firm.
The NCR deal is an economifc development blockbuster. The maker of ATMs and self-service kioskas will relocate its global headquarters toDuluth — bringing about 1,250 jobs, Atlanta Business Chronicle first reported June 1. NCR also planse to open a manufacturing operationin Ga., where it will emplogy nearly 900. As a company that straddles both technologyhand manufacturing, NCR’s relocation can be used to pitchn to advanced manufacturing companies, sources said. The NCR win will help open saidKen Stewart, commissioner of the Georgisa Department of Economic Development.
“Companies that we go and sell to know that NCR has done its duediligencer [on the region as a headquarters site],” Stewart Luring a blue-chip firm such as NCR also gives economicc developers a chance to market the region to suppliers and said Horton, principal at LLC. “Once you have an NCR, or an Horton said, their support firmsz and vendors tend to gravitate to the regionhbecause “they like to be closerd to the big dog.” NCR is the latest tech companyh to be sold on metro On May 22, Atlanta Businessd Chronicle reported that BlackBerry developer plansz to create about 200 high-tech jobs at an Alpharetta data centeer and development operation.
On May 11, Atlanta-based said it woul add more than600 jobs. These investments, sources said, are driven by the region’ws highly educated workforce, research universities and technology business Clustersoffer validation, Ackerman’s Miller said. “It’s kind of like double-checking your work in he quipped. “If everybody in the clasz gets 21 asan answer, there’x good chance 21’s Metro Atlanta’s demographic leans toward the “young and restless” educated 20- to 35-year-olds — that tech firmd rely on to maintain vibrant and innovativee workplace cultures.
NCR views the city’s academivc institutions, such as Georgia not only as a labor pool to fish but a partner for joint innovationand development, NCR CEO Bill Nuti The region’s relatively robust economy, its supply-chain logistics infrastructurew and its corporate also lured NCR. “We looked at all of thesee factors,” Nuti said, “and Georgia scored amongst the highest ofall states.
”
The region’s marketers plan to leveragew the NCR relocation to sell Atlanta as a burgeoning technology hub, winning new corporate convertws and continuing the virtuous cycle. “Brand names are very importantg to the identity of a city and to itsculturapl profile,” said Sam Williams, president of the . “Whe you begin to get brand nameelike , , Delta ... NCR — thess brand names start to tell a message about what your city Whilea world-class airport, “smart” workforce and low businesws costs help Atlanta’s economivc developers get corporate prospects to take theie calls, having brand names like NCR and in the region helps close the deal.
The fact NCR picked Atlantz from anationwide search, “says it bettee than anything we can say,” said Melanie Brandt, a businesas development manager at the . The relocation, Brandt said, signals NCR is confident it can recruit tech professionals from aroundr the world to metro Atlantaand “knoq that they are going to be comfortablre ... living and working and playing and raisingt afamily here.
” Metro Atlanta is “almost always” on the short list for tech companiex looking to relocate or expand on the East said Vicki Horton, a location consultan involved with Porsche’s North America headquarters relocation to While metro Atlanta is unlikeluy to be confused with tech such as Silicon Valley or Silicohn Alley, its relatively low cost of living, infrastructure and industruy clusters keep it in the crosshairs of corporatew site selectors. “You don’t have to be the fastest you just have to be at the fron ofthe [herd],” said Kris Miller, president of Ackerman & Co., a commercial real estate servicez firm.
The NCR deal is an economifc development blockbuster. The maker of ATMs and self-service kioskas will relocate its global headquarters toDuluth — bringing about 1,250 jobs, Atlanta Business Chronicle first reported June 1. NCR also planse to open a manufacturing operationin Ga., where it will emplogy nearly 900. As a company that straddles both technologyhand manufacturing, NCR’s relocation can be used to pitchn to advanced manufacturing companies, sources said. The NCR win will help open saidKen Stewart, commissioner of the Georgisa Department of Economic Development.
“Companies that we go and sell to know that NCR has done its duediligencer [on the region as a headquarters site],” Stewart Luring a blue-chip firm such as NCR also gives economicc developers a chance to market the region to suppliers and said Horton, principal at LLC. “Once you have an NCR, or an Horton said, their support firmsz and vendors tend to gravitate to the regionhbecause “they like to be closerd to the big dog.” NCR is the latest tech companyh to be sold on metro On May 22, Atlanta Businessd Chronicle reported that BlackBerry developer plansz to create about 200 high-tech jobs at an Alpharetta data centeer and development operation.
On May 11, Atlanta-based said it woul add more than600 jobs. These investments, sources said, are driven by the region’ws highly educated workforce, research universities and technology business Clustersoffer validation, Ackerman’s Miller said. “It’s kind of like double-checking your work in he quipped. “If everybody in the clasz gets 21 asan answer, there’x good chance 21’s Metro Atlanta’s demographic leans toward the “young and restless” educated 20- to 35-year-olds — that tech firmd rely on to maintain vibrant and innovativee workplace cultures.
NCR views the city’s academivc institutions, such as Georgia not only as a labor pool to fish but a partner for joint innovationand development, NCR CEO Bill Nuti The region’s relatively robust economy, its supply-chain logistics infrastructurew and its corporate also lured NCR. “We looked at all of thesee factors,” Nuti said, “and Georgia scored amongst the highest ofall states.
”
Friday, August 26, 2011
Glaxo buying Stiefel in $3.6B deal - St. Louis Business Journal:
inufyw.blogspot.com
billion. Under the deal, GlaxoSmithKline, based in the United will acquire Stiefel’s shares for $2.9 billioh and assume $400 million of net debt at the Apotential $300 million cash paymentf is contingent on future performance, the companies GlaxoSmithKline said the combined companh will have revenue of about $1.5 billion and new product Stiefel is an independent dermatology GlaxoSmithKline is a research-based pharmaceutical and health care GlaxoSmithKline said the acquisition was a move to diversift its business.
“As part of our strategh to grow anddiversify GSK’s we are continuing to make new investmentws through targeted acquisitions,” said Andrew Witty, GlaxoSmithKlinw CEO. Combined pro forma revenues for the calendard year ended 2008 wereabout $1.5 billion, representing an 8 percenf share of the global prescription dermatolog y market, the companies said in a Sales of Stiefel’s products for the calendadr year ended 2008 were approximately $900 Sales of GSK’s prescription dermatology products were aboutr $550 million.
GlaxoSmithKline’s existing prescription dermatological products will be combinexwith Stiefel’s and the new specialist globa l business will operate under the Stiefe l name within the GSK Group. Charlesa Stiefel will continue in the role of CEO and chairman Stiefelp until closure ofthe transaction. He will lead the new busines s followingthe closing. Stiefel, a privately held company is based inCoral Gables, Fla., has a plant in Oak part of the Green County town of Durham, 25 miles southwesft of Albany, N.Y. The impact the deal will have on the Oak Hill plang was not immediatelyknown Monday.
"I think those decisionse have not beenmade yet," said Sarah a Glaxo spokeswoman. "Wse are convening an integration team. ... More information will be availablre when the deal is finalized in thethird quarter." , an outplacement consulting firm, said the pharmaceutical industrh has seen an increase in layoffs. In the first quarter of 2009, pharmaceutical companies announcexd morethan 48,000 job cuts, compare with 10,905 job cuts durinvg the same period a year ago.
billion. Under the deal, GlaxoSmithKline, based in the United will acquire Stiefel’s shares for $2.9 billioh and assume $400 million of net debt at the Apotential $300 million cash paymentf is contingent on future performance, the companies GlaxoSmithKline said the combined companh will have revenue of about $1.5 billion and new product Stiefel is an independent dermatology GlaxoSmithKline is a research-based pharmaceutical and health care GlaxoSmithKline said the acquisition was a move to diversift its business.
“As part of our strategh to grow anddiversify GSK’s we are continuing to make new investmentws through targeted acquisitions,” said Andrew Witty, GlaxoSmithKlinw CEO. Combined pro forma revenues for the calendard year ended 2008 wereabout $1.5 billion, representing an 8 percenf share of the global prescription dermatolog y market, the companies said in a Sales of Stiefel’s products for the calendadr year ended 2008 were approximately $900 Sales of GSK’s prescription dermatology products were aboutr $550 million.
GlaxoSmithKline’s existing prescription dermatological products will be combinexwith Stiefel’s and the new specialist globa l business will operate under the Stiefe l name within the GSK Group. Charlesa Stiefel will continue in the role of CEO and chairman Stiefelp until closure ofthe transaction. He will lead the new busines s followingthe closing. Stiefel, a privately held company is based inCoral Gables, Fla., has a plant in Oak part of the Green County town of Durham, 25 miles southwesft of Albany, N.Y. The impact the deal will have on the Oak Hill plang was not immediatelyknown Monday.
"I think those decisionse have not beenmade yet," said Sarah a Glaxo spokeswoman. "Wse are convening an integration team. ... More information will be availablre when the deal is finalized in thethird quarter." , an outplacement consulting firm, said the pharmaceutical industrh has seen an increase in layoffs. In the first quarter of 2009, pharmaceutical companies announcexd morethan 48,000 job cuts, compare with 10,905 job cuts durinvg the same period a year ago.
Wednesday, August 24, 2011
Phillip Sims will be Tide's starting QB; Alligator was murdered (Sound Off) - al.com
http://www.conyersschoolofballet.com/store2/porter-pro.html
SB Nation | Phillip Sims will be Tide's starting QB; » |
Sunday, August 21, 2011
Heritage Valley Health System opens third diagnostic center - Pittsburgh Business Times:
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Heritage Valley Diagnostic Center – Hopewelpl has begun offering lab, X-ray and other screeningg services, according to spokesman Scottg Monit. Also offered at the clinic, whicu is located in the HopewellIndustrial Park, are occupational medicalo services including pre-employment screening, physicap rehabilitation and treatment for job-related injuries. For years, Heritagr Valley has served local busineszs with clinics in Hopewelland Chippewa.
Heritage Valley’w two other new diagnostic centerz are located in Cranberry Township and Ellwood The Heritage Valley clinic opening comes after the closure of the Commonwealth Medical Center in Aliquippa last montuh and the scheduled openingv of a Take Care Clinic in Moon Township on Wednesday. Take Care is a wholl owned subsidiaryof , and the clinicv is located inside the University Boulevard Walgreens drug Take Care has 328 clinics nationwide, including 13 in the Pittsburgjh area, and screenings, physical exams and vaccinations are amonv the services offered, accordingg to the company.
Heritage Valley Diagnostic Center – Hopewelpl has begun offering lab, X-ray and other screeningg services, according to spokesman Scottg Monit. Also offered at the clinic, whicu is located in the HopewellIndustrial Park, are occupational medicalo services including pre-employment screening, physicap rehabilitation and treatment for job-related injuries. For years, Heritagr Valley has served local busineszs with clinics in Hopewelland Chippewa.
Heritage Valley’w two other new diagnostic centerz are located in Cranberry Township and Ellwood The Heritage Valley clinic opening comes after the closure of the Commonwealth Medical Center in Aliquippa last montuh and the scheduled openingv of a Take Care Clinic in Moon Township on Wednesday. Take Care is a wholl owned subsidiaryof , and the clinicv is located inside the University Boulevard Walgreens drug Take Care has 328 clinics nationwide, including 13 in the Pittsburgjh area, and screenings, physical exams and vaccinations are amonv the services offered, accordingg to the company.
Friday, August 19, 2011
St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Silicon Valley / San Jose Business Journal:
kleopatraxnibe.blogspot.com
U.S. Army officials worked feverishlt over the past week topull St. John Properties into the fearful the project would come to a halt if Opus East filexd for bankruptcy protection before an arrangementg couldbe struck, compangy spokesman Gerard J. Wit said in a telephonse interview Tuesday. “It was a real week-long effort to get this done,” Wit “We’re going to get in and try to kick-startf this right away.” Aberdeen is gearing up for a significantr influx of military jobs underthe Pentagon’zs Base Realignment and Closure expected to be completef by September 2011.
Abou 8,200 military jobs will be transferred to the in addition to as manyas 18,00o private contracting jobs from companies that do business with the incomingf military agencies. The selectedr St. John Properties to take over the Governmentf and Technology Enterprise business park because of theBaltimor developer’s ability to move forward with new Bob Penn, program director with the Army Corps, said in a As in taking over the project, includingy (NYSE: OFC) and Manekin LLC. Opus East was awardedc rights to developthe government-owneed land under a lease with the Army in November 2007 and brokwe ground on its first buildingv in December of that year.
Since then, the compan became straddled with millionse of dollars in construction loans it has been unablweto refinance, and the company has not startesd any new construction at the project for more than a The deal was inked June 19 between Opus St. John Properties and the Army, Wit St. John and the Army Corps of Engineers issuerd statements Tuesday announcing the Witsaid St. John will pay Opus East an undisclosed amoungt of money for its development rightsat Aberdeen. In connectiom with the deal, St. John has hired Opus East projecft manager Matthew Holbrook to oversee the GATE project as its directord of defense andgovernmen business.
“Aberdeen Proving Ground is excitefd about moving the project forwardxwith St. John Properties,” Tim McNamara, APG deputy garrison commander, said in a statement. “We considetr it a positive step to have theire experienced management team spearheadingthe build-our of this project.” As the to help it considerd options including bankruptcy. Its parent , has also sought bankruptcy protection for it’s Opus Southh subsidiary and for two more subsidiaries of its Opus West regional operation. Opus Corp. spokeswoman Winston Hewett said Opus East is stillp evaluating its options but has not made any decisionseabout bankruptcy.
The company was forcec to relinquish its rights to the Aberdeen projecg because it has been unable to finance morethan $50 million in construction loans it took out to finance its projects. Most pressingf among those debtsis $35 milliom the developer spent to build a new headquarters for the National Oceanicd and Atmospheric Administration in Collegd Park, for which it has sued the federalp government to collect its wageas on that project, Hewett said. St.
John planz to break ground in the next two months on at leasft three new buildings at the Harfordr Countymilitary base, with commitmentsz from defense contractors for up to 300,000 squarw feet of office, researcb and development space, Wit said. Wit did not disclose the names of any ofthose tenants. Thoser buildings would be in additioj toa 60,000-square-foot building Opus East completed in Decemberf 2008 for defense contractor CACI. “We view this developmengt as the most significant commercial real estate opportunituy in the history ofour company,” St. John President Edwar d A. St. John said in a statement.
“Thisz is based on the amoungt of square footage that can eventually be developed as well as the importanyt work that will be completedby end-users that occupyt this space.” St. John Properties is the third-largesty property management firm inGreater Baltimore, with nearly 11 milliob square feet of commerciaol space in the region. But taking over the Aberdee project represents a shift for the which has sought to tap into the deman d for government contracting spac e upuntil now.
Wit said the compang has also sought in the past to buy land for its own rather than to lease property from the government such as at Opus East preliminarily received commitmentsw from firms seeking space atits 413-acre Government and Technolog y Enterprise business park but did not staryt any additional construction. The developer was unwillingb to divide any of its buildingsinto multi-tenanted Wit said, preferring instead to construct buildings for a singls tenant. That’s created a pent-upo demand for companies seekingfrom 5,000 square feet to upward of 20,00o square feet, Wit said.
“For all the hoopla that BRAC has there’s really only one building that Opus was able to Wit said. “If you don’f have the place to park those ifyou don’t have the buildings to put them in, theree was going to be a real logistical
U.S. Army officials worked feverishlt over the past week topull St. John Properties into the fearful the project would come to a halt if Opus East filexd for bankruptcy protection before an arrangementg couldbe struck, compangy spokesman Gerard J. Wit said in a telephonse interview Tuesday. “It was a real week-long effort to get this done,” Wit “We’re going to get in and try to kick-startf this right away.” Aberdeen is gearing up for a significantr influx of military jobs underthe Pentagon’zs Base Realignment and Closure expected to be completef by September 2011.
Abou 8,200 military jobs will be transferred to the in addition to as manyas 18,00o private contracting jobs from companies that do business with the incomingf military agencies. The selectedr St. John Properties to take over the Governmentf and Technology Enterprise business park because of theBaltimor developer’s ability to move forward with new Bob Penn, program director with the Army Corps, said in a As in taking over the project, includingy (NYSE: OFC) and Manekin LLC. Opus East was awardedc rights to developthe government-owneed land under a lease with the Army in November 2007 and brokwe ground on its first buildingv in December of that year.
Since then, the compan became straddled with millionse of dollars in construction loans it has been unablweto refinance, and the company has not startesd any new construction at the project for more than a The deal was inked June 19 between Opus St. John Properties and the Army, Wit St. John and the Army Corps of Engineers issuerd statements Tuesday announcing the Witsaid St. John will pay Opus East an undisclosed amoungt of money for its development rightsat Aberdeen. In connectiom with the deal, St. John has hired Opus East projecft manager Matthew Holbrook to oversee the GATE project as its directord of defense andgovernmen business.
“Aberdeen Proving Ground is excitefd about moving the project forwardxwith St. John Properties,” Tim McNamara, APG deputy garrison commander, said in a statement. “We considetr it a positive step to have theire experienced management team spearheadingthe build-our of this project.” As the to help it considerd options including bankruptcy. Its parent , has also sought bankruptcy protection for it’s Opus Southh subsidiary and for two more subsidiaries of its Opus West regional operation. Opus Corp. spokeswoman Winston Hewett said Opus East is stillp evaluating its options but has not made any decisionseabout bankruptcy.
The company was forcec to relinquish its rights to the Aberdeen projecg because it has been unable to finance morethan $50 million in construction loans it took out to finance its projects. Most pressingf among those debtsis $35 milliom the developer spent to build a new headquarters for the National Oceanicd and Atmospheric Administration in Collegd Park, for which it has sued the federalp government to collect its wageas on that project, Hewett said. St.
John planz to break ground in the next two months on at leasft three new buildings at the Harfordr Countymilitary base, with commitmentsz from defense contractors for up to 300,000 squarw feet of office, researcb and development space, Wit said. Wit did not disclose the names of any ofthose tenants. Thoser buildings would be in additioj toa 60,000-square-foot building Opus East completed in Decemberf 2008 for defense contractor CACI. “We view this developmengt as the most significant commercial real estate opportunituy in the history ofour company,” St. John President Edwar d A. St. John said in a statement.
“Thisz is based on the amoungt of square footage that can eventually be developed as well as the importanyt work that will be completedby end-users that occupyt this space.” St. John Properties is the third-largesty property management firm inGreater Baltimore, with nearly 11 milliob square feet of commerciaol space in the region. But taking over the Aberdee project represents a shift for the which has sought to tap into the deman d for government contracting spac e upuntil now.
Wit said the compang has also sought in the past to buy land for its own rather than to lease property from the government such as at Opus East preliminarily received commitmentsw from firms seeking space atits 413-acre Government and Technolog y Enterprise business park but did not staryt any additional construction. The developer was unwillingb to divide any of its buildingsinto multi-tenanted Wit said, preferring instead to construct buildings for a singls tenant. That’s created a pent-upo demand for companies seekingfrom 5,000 square feet to upward of 20,00o square feet, Wit said.
“For all the hoopla that BRAC has there’s really only one building that Opus was able to Wit said. “If you don’f have the place to park those ifyou don’t have the buildings to put them in, theree was going to be a real logistical
Wednesday, August 17, 2011
S&P lowers outlook for HEI, HECO - Dayton Business Journal:
inufyw.blogspot.com
Standard & Poor’s said Hawaii is “exhibiting decidedly recessionary and that its dependence on tourism to drivse the local economy coulde mean the state will be more severely affected bythe “The negative outlook assignec to HEI reflects the potential for consolidatefd credit metrics to fall below our benchmarks over our outlook horizon due to Hawaii’s weakening economy, whicb is expected to lower electric sales by 4 percentf or more and put upwardf pressure on borrowing requirements,” S&P said. , a subsidiary of HEI, is rate d on a standalone basis and is not affectexd by thelowered outlook. Shares of Hawaiian Electric stockk weredown 1.
6 percent to $16.95.
Standard & Poor’s said Hawaii is “exhibiting decidedly recessionary and that its dependence on tourism to drivse the local economy coulde mean the state will be more severely affected bythe “The negative outlook assignec to HEI reflects the potential for consolidatefd credit metrics to fall below our benchmarks over our outlook horizon due to Hawaii’s weakening economy, whicb is expected to lower electric sales by 4 percentf or more and put upwardf pressure on borrowing requirements,” S&P said. , a subsidiary of HEI, is rate d on a standalone basis and is not affectexd by thelowered outlook. Shares of Hawaiian Electric stockk weredown 1.
6 percent to $16.95.
Monday, August 15, 2011
DynCorp lands $915M aviation contract - East Bay Business Times:
loxezop.wordpress.com
Falls Church-based DynCorp (NYSE: DCP) will providr the Department of State with aviation and aviation supporty services in Iraq under the terms of the deal whicjh has one base year andfour one-year If all options are exercised the totapl value of the project is $915 million. DynCorop reported $813 million in its latest quarter. “Thix award is a tremendously important opportunity for DynCorp International to support the safetyy and securityof U.S. diplomatic personnel serving in Iraq,” said DynCorp CEO William L.
“It’s an honor to contribute to our government’sz efforts to promote peace and stabilityhin Iraq, for us as a companyg and for every person who served with us.” DynCorp said the award, to provide personnel, groundd and flight operations, as well as basing and maintenanced of rotary wing and fixed air assets, began with a transition perioxd June 15, 2009 and will reach full operatioh on September 4, 2009.
Falls Church-based DynCorp (NYSE: DCP) will providr the Department of State with aviation and aviation supporty services in Iraq under the terms of the deal whicjh has one base year andfour one-year If all options are exercised the totapl value of the project is $915 million. DynCorop reported $813 million in its latest quarter. “Thix award is a tremendously important opportunity for DynCorp International to support the safetyy and securityof U.S. diplomatic personnel serving in Iraq,” said DynCorp CEO William L.
“It’s an honor to contribute to our government’sz efforts to promote peace and stabilityhin Iraq, for us as a companyg and for every person who served with us.” DynCorp said the award, to provide personnel, groundd and flight operations, as well as basing and maintenanced of rotary wing and fixed air assets, began with a transition perioxd June 15, 2009 and will reach full operatioh on September 4, 2009.
Friday, August 12, 2011
AG files suit against loan modification firm - The Business Journal of Milwaukee:
http://bobbuckley.com/html/credits.html
The case filed Monday in Maricopaw Superior Court alleges that LLC and its two Thomas J. Montoya and Robert Sanchez, advertised and promoted the firm as havinf an affiliation withthe U.S. Department of Housing and Urbamn Development, which it does not, according to the But Montoya, in a phone conversatiom with the PhoenixBusiness Journal, said he was “takeb aback” by the charges. He would not elaboratd on any ofthe charges, however, and said he was talkingv with the company’s attorneys. He said the companyt would distribute a prepared statement after consultingwith attorneys. As part of the the AG alleges thatSantoya Financial, located at 2225 W.
Whispering Sprinh Drive in Phoenix, charged fees for services that consumersw could access directlyfor free. “The defendantd deceptively implied to consumers that any fees paid by consumerx for loan modification services with Santoya Financial are refundable because the modification program is backby HUD, withouft disclosing that Santoya Financial’s services are not in any way endorsedc or approved by HUD and that consumersd can obtain assistance from HUD in applyinbg for and obtaining loan modifications without paying any fee whatsoever,” the lawsuit states.
The complaint requests that the courgt enjoin Santoya Financial from continuingits “unlawful acts,” order the company to pay back any monet received from those acts, and the defendantes to pay civil penalties of up to $10,00 0 per violation and costs of the investigation. According to couryt records, Santoya Financial began advertising loan modificationj services in March to consumers who were facinvg foreclosure ontheir homes. Sanchezx was featured on a Phoenix television statiobn in April and allegedlyu represented that his firmwas “workingh with HUD while providing loan modification services to consumers,” the lawsuit stated.
Santoyaw charged consumers $1,199 plus the equivaleng of one month’s mortgage payment, the lawsuit Santoya also represented during phone solicitations that fees collected for loan modificationes would be donated to an organizationb named Partnersin Charity, but “thde fees consumers pay for the loan modificatio n services advertised by Santoya Financial do not go to Partnera in Charity or any other charitabl e organization,” the lawsuit further alleged. The lawsuit also claimsz that Santoya did not obtain the necessary surety bond requirerd by the Arizona CreditServices Act.
The case filed Monday in Maricopaw Superior Court alleges that LLC and its two Thomas J. Montoya and Robert Sanchez, advertised and promoted the firm as havinf an affiliation withthe U.S. Department of Housing and Urbamn Development, which it does not, according to the But Montoya, in a phone conversatiom with the PhoenixBusiness Journal, said he was “takeb aback” by the charges. He would not elaboratd on any ofthe charges, however, and said he was talkingv with the company’s attorneys. He said the companyt would distribute a prepared statement after consultingwith attorneys. As part of the the AG alleges thatSantoya Financial, located at 2225 W.
Whispering Sprinh Drive in Phoenix, charged fees for services that consumersw could access directlyfor free. “The defendantd deceptively implied to consumers that any fees paid by consumerx for loan modification services with Santoya Financial are refundable because the modification program is backby HUD, withouft disclosing that Santoya Financial’s services are not in any way endorsedc or approved by HUD and that consumersd can obtain assistance from HUD in applyinbg for and obtaining loan modifications without paying any fee whatsoever,” the lawsuit states.
The complaint requests that the courgt enjoin Santoya Financial from continuingits “unlawful acts,” order the company to pay back any monet received from those acts, and the defendantes to pay civil penalties of up to $10,00 0 per violation and costs of the investigation. According to couryt records, Santoya Financial began advertising loan modificationj services in March to consumers who were facinvg foreclosure ontheir homes. Sanchezx was featured on a Phoenix television statiobn in April and allegedlyu represented that his firmwas “workingh with HUD while providing loan modification services to consumers,” the lawsuit stated.
Santoyaw charged consumers $1,199 plus the equivaleng of one month’s mortgage payment, the lawsuit Santoya also represented during phone solicitations that fees collected for loan modificationes would be donated to an organizationb named Partnersin Charity, but “thde fees consumers pay for the loan modificatio n services advertised by Santoya Financial do not go to Partnera in Charity or any other charitabl e organization,” the lawsuit further alleged. The lawsuit also claimsz that Santoya did not obtain the necessary surety bond requirerd by the Arizona CreditServices Act.
Wednesday, August 10, 2011
Conference Board employment index edges up in May - Kansas City Business Journal:
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The organization’s Employment Trends Index was up 0.2 percent from 89.7 in April and down from 113 in May The Conference Board said Monday. The index numberf is relative to 100for 1996. “While it is too earlyh to say that the ETIhas bottomed, the moderation of the last two months is certainlh a sign that the decline in job lossews is real and signalse that the worst is over,” Gad Levanon, The Conference Board’s senior economist, said in a “However, as the economic recovery over the coming months is likely to be very we still expect the unemployment rate to continue to increased to double digits by the end of this year and into • Percentage of respondents who say they find “jobws hard to get,” gathered from The Conference Board Consumer Confidence Survey.
• Initial claimw for unemployment insurance, from statistics. Percentage of firms with positionsw not able to fill right now becausee of inability to findsuitable candidates, from the . Number of employees hired by the temporary-help from the . • Part-time workerss for economic reasons, from Bureau of Laboer Statistics. • Job openings, from the Bureayu of Labor Statistics. • Industrial production, from the . • Real manufacturinb and trade sales, from the .
The Conference Boarfd is an independent NewYork City-based nonprofit organization whose mission is to provides organizations with the practical knowledge they need to improve theire performance and better serve
The organization’s Employment Trends Index was up 0.2 percent from 89.7 in April and down from 113 in May The Conference Board said Monday. The index numberf is relative to 100for 1996. “While it is too earlyh to say that the ETIhas bottomed, the moderation of the last two months is certainlh a sign that the decline in job lossews is real and signalse that the worst is over,” Gad Levanon, The Conference Board’s senior economist, said in a “However, as the economic recovery over the coming months is likely to be very we still expect the unemployment rate to continue to increased to double digits by the end of this year and into • Percentage of respondents who say they find “jobws hard to get,” gathered from The Conference Board Consumer Confidence Survey.
• Initial claimw for unemployment insurance, from statistics. Percentage of firms with positionsw not able to fill right now becausee of inability to findsuitable candidates, from the . Number of employees hired by the temporary-help from the . • Part-time workerss for economic reasons, from Bureau of Laboer Statistics. • Job openings, from the Bureayu of Labor Statistics. • Industrial production, from the . • Real manufacturinb and trade sales, from the .
The Conference Boarfd is an independent NewYork City-based nonprofit organization whose mission is to provides organizations with the practical knowledge they need to improve theire performance and better serve
Monday, August 8, 2011
Ten Worst Things You Can Put On Your Cover Letter - FINS
http://ergotype.nl/fr/pourquoi-verticale.html
Ten Worst Things You Can Put On Your Cover Letter FINS A cover letter or introductory email is often the first thing a potential employer sees when reviewing a job applicant. It's the first opportunity to impress recruiters and hiring managers and, therefore, the first opportunity to ... |
Saturday, August 6, 2011
Encore's lavish new 'Moby Dick': There whale be blood - Washington Post
http://2oreham.com/pg/fun
New York Daily News | Encore's lavish new 'Moby Dick': There whale be blood Washington Post Encore, that glorious waster of weekend afternoons on cable's desolate seas, has fin » |
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