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The Addison, Texas-based company said it plans to file with the at the end of the montjh to have itsstock delisted, expectex on or about Nov. 11. American Communityt (AMEX:ANE) made the move as it faced involuntary delisting for not filing its second quarte financial reporton time. The companh expects to file its second-quarter financial results earltnext month, but when its stoco is pulled from AMEX it plans to file with regulator to deregister its stock and no longer be requireed to file regular reportws with the SEC. That’as expected to take place 90 days after the or Feb.
9 at the The company is eyeing a move to Pink a daily publication of small issues featurint companiesthat don’t report financial results, but it said delistinfg its stock and ending regulatory filing duties will cut down on costsx to stay in “The company does not believe the benefits of havingv its common stock, warrantws and units listed and registeredd outweigh the costs,” American Community said in a The company has said its second-quarter report is arriving late amid uncertaintty about the value of intangible assets related to its June 2007 purchasr by Courtside bought Americahn Community and took it public just two months aftere the newspaper chain bought Columbus-basex publisher Last year, American Community lost $4.
59 million on $36.w million in revenue.
Sunday, January 29, 2012
Friday, January 27, 2012
Tuesday, January 24, 2012
WellCare chief executive Heath G. Schiesser plans to step down - South Florida Business Journal:
http://popsite.org/?f=4&n=13
The board has formed a committee on leadershilp and executive succession to focus onleadershil transitions. Schiesser was named chief executive officerfin January, earning a minimuj base salary of $400,000. He succeeded Todd Farha, who left the compang last year. Before this Schiesser was senior vice president of marketingt and sales at the company and president of its prescriptiojinsurance subsidiary. In 2006, he stepped back to work as a Prior tojoining WellCare, he worked with consultintg firm and co-founded an online pharmacy for (NASDAQ: ESRX). Schiesser is stilol eligible to runfor re-election as a directorr at WellCare’s annual stockholder meeting on July 30.
In May, WellCarre resolved investigations bythe U.S. Attorney’s Officre for the Middle District of the FloridaAttorney General’s Office and the . In about 360 employees — about 9 percent of its work force — as part of an organizationall realignment last month and hasof $36. million, or 89 cents a share, for the firsrt quarter of 2009. WellCare WCG) provides managed care services exclusivelyfor government-sponsorefd health care programs. It served about 2.5 million members nationalluy as ofMarch 31.
The board has formed a committee on leadershilp and executive succession to focus onleadershil transitions. Schiesser was named chief executive officerfin January, earning a minimuj base salary of $400,000. He succeeded Todd Farha, who left the compang last year. Before this Schiesser was senior vice president of marketingt and sales at the company and president of its prescriptiojinsurance subsidiary. In 2006, he stepped back to work as a Prior tojoining WellCare, he worked with consultintg firm and co-founded an online pharmacy for (NASDAQ: ESRX). Schiesser is stilol eligible to runfor re-election as a directorr at WellCare’s annual stockholder meeting on July 30.
In May, WellCarre resolved investigations bythe U.S. Attorney’s Officre for the Middle District of the FloridaAttorney General’s Office and the . In about 360 employees — about 9 percent of its work force — as part of an organizationall realignment last month and hasof $36. million, or 89 cents a share, for the firsrt quarter of 2009. WellCare WCG) provides managed care services exclusivelyfor government-sponsorefd health care programs. It served about 2.5 million members nationalluy as ofMarch 31.
Sunday, January 22, 2012
Friday, January 20, 2012
'Downton Abbey', de la pequeña a la gran pantalla - El Referente
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El Referente | 'Downton Abbey', de la pequeña a la gran pantalla El Referente El famoso guionista no hizo ascos a lo que oÃa, aunque afirmó que aún lo tiene que pensar muy bien para poder llevarla a cabo, según las declaraciones expuestas en la revista 'The Sun'. La idea que pasa por su cabeza es hacer un argumento totalmente ... |
Wednesday, January 18, 2012
Chinese company to buy Hummer - Atlanta Business Chronicle:
vilyfijohy.wordpress.com
When GM, which filed for bankruptcy protectionm Monday, announced earlier Tuesdah that a buyer had been found forthe off-road vehicle line, the name was not immediately disclosed. a major industrial machinery group, will acquire the rightz to theHummer brand, along with a senio management and operational It will also assume existing dealer agreement relating to HUMMER’s dealership network. It is contemplatee that Tengzhong will, as part of the enter into a long-term contract assembly and key component and materialk supply agreementwith GM. In an earlier GM said it expects the deal if successful to secure morethan 3,000 US jobs.
The finaol terms of the deal, scheduled to close in the thirf quarter, are subject to final The cost of the transaction wasnot revealed. is acting as exclusive financial advisor and is acting as internationap legal counsel to Tengzhong onthis transaction. Citi is acting as financiao advisorto GM.
When GM, which filed for bankruptcy protectionm Monday, announced earlier Tuesdah that a buyer had been found forthe off-road vehicle line, the name was not immediately disclosed. a major industrial machinery group, will acquire the rightz to theHummer brand, along with a senio management and operational It will also assume existing dealer agreement relating to HUMMER’s dealership network. It is contemplatee that Tengzhong will, as part of the enter into a long-term contract assembly and key component and materialk supply agreementwith GM. In an earlier GM said it expects the deal if successful to secure morethan 3,000 US jobs.
The finaol terms of the deal, scheduled to close in the thirf quarter, are subject to final The cost of the transaction wasnot revealed. is acting as exclusive financial advisor and is acting as internationap legal counsel to Tengzhong onthis transaction. Citi is acting as financiao advisorto GM.
Monday, January 16, 2012
Another drop in Colorado sales-tax revenue - Phoenix Business Journal:
lehoquvuhu.wordpress.com
percent — in May from the same month the year girding legislators for what they expect will be another roun d of cuts innext year’s fiscal budget. With the statre most of the way through a fiscal year that ends onJune 30, no more cuts are likelu for this year, said Joint Budget Committee Vice Chairmanb Jack Pommer, a Democratic representative from Boulder. The Legislature has designate d that any further funding shortfalpl this year will be filled by moneh fromthe state’s undesignated reserve fund and from a one-dayu borrowing of other funds to be repaif on July 1.
However, the continuee fall of revenues below expectations means the six JBC members who setthe state’sz budget must begin looking soon at additional ways to scalee back expenses or services in next year’s fiscaol plan, several members said. “I guess this means we’rwe not out of the woods yet,” Pommed said. “We’re going to have to prepared for more cuts next year on top ofwhat we’ve alreadg made.” Legislators filled a $1.4 budget shortfall over the past six months by raiding the reserve transferring hundreds of millions of dollars from cash-fundeds accounts and cutting about $300 milliohn in services.
As revenues continur to come inbelow forecast, that talk will begi n again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last year. Individuakl income taxes fell by $66.32 million or 19.7 percent, and corporate income taxes droppedxby $2.2 million or 13.2 percent. State reserve s have about $148 million that can be used to offsetrevenuew shortfalls, noted Rep. Mark Ferrandino, D-Denver. If the state must transfe funding temporarily, however, that will only push the problem of balancing the budget further off until next he said. “The question is: Does revenuwe in the future pick upif we’re starting to see or not?” Ferrandino said.
“We’re startin g to see some indicationsd that the economy is starting to if notlevel off.”
percent — in May from the same month the year girding legislators for what they expect will be another roun d of cuts innext year’s fiscal budget. With the statre most of the way through a fiscal year that ends onJune 30, no more cuts are likelu for this year, said Joint Budget Committee Vice Chairmanb Jack Pommer, a Democratic representative from Boulder. The Legislature has designate d that any further funding shortfalpl this year will be filled by moneh fromthe state’s undesignated reserve fund and from a one-dayu borrowing of other funds to be repaif on July 1.
However, the continuee fall of revenues below expectations means the six JBC members who setthe state’sz budget must begin looking soon at additional ways to scalee back expenses or services in next year’s fiscaol plan, several members said. “I guess this means we’rwe not out of the woods yet,” Pommed said. “We’re going to have to prepared for more cuts next year on top ofwhat we’ve alreadg made.” Legislators filled a $1.4 budget shortfall over the past six months by raiding the reserve transferring hundreds of millions of dollars from cash-fundeds accounts and cutting about $300 milliohn in services.
As revenues continur to come inbelow forecast, that talk will begi n again. State sales-tax receipts for May were off by $30 a 17.9 percent drop from last year. Individuakl income taxes fell by $66.32 million or 19.7 percent, and corporate income taxes droppedxby $2.2 million or 13.2 percent. State reserve s have about $148 million that can be used to offsetrevenuew shortfalls, noted Rep. Mark Ferrandino, D-Denver. If the state must transfe funding temporarily, however, that will only push the problem of balancing the budget further off until next he said. “The question is: Does revenuwe in the future pick upif we’re starting to see or not?” Ferrandino said.
“We’re startin g to see some indicationsd that the economy is starting to if notlevel off.”
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