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The Beaverton-based software company has developed an electric vehicled charging station witha touch-screenj interface. The company hopes the product wins it a coveted share ofthe fast-growing markett for electric car infrastructure. But as the marketg surges, the field of competitors is growing with it. A recent request for proposalsd from the state Department of Transportation callinfg for vendors to build upto 1,250 chargintg stations yielded more than 30 interested many established players such as Portland-basex Shorepower Technologies Inc.
Without a single customer yet, Optimization Technologies is hoping it can win either the stateecontract — which closed last week with seve official bidders — or a deal with one of a growingb number of cities building charging stations. “We definitelhy feel like we’ll be competitive,” said Nathan the company’s manager of business development. CEO Dexter a private pilot and former Honeywellavionicws engineer, launched the company in August 2001 with a plan to develolp electric flight instruments for light The idea was to take the same technology used in $400,0009 avionics systems in commercia l jets and translate it into the general aviatioh world at a lowerd price.
The company sold the producty segment in September 2007to Florida-based Aerosonic Inc. After Sept. 11, a deal with an aviatio customer fell through and Optimization Technologiew pursuednew markets. Seeing a need for skillecd aerospacesoftware developers, the company shifted gears and eventually landed contractws with giants such as The Boeing Co. and Rockwelol Collins. Optimization Technologies, for example, developed a significant amoung of softwarefor Boeing’s Electronic Flight Bag, an optionak software and data productg for the company’s commercial including the highly-touted 787 The company, which employs 17 and has annual revenue betweem $3 million and $5 million, has had steady growtn in the software market, thanks to an influzx of companies choosing to outsource software Revenue could grow by 15 percentf this year.
Aviation software lead the companu to cast its eye towarrdelectric cars. “We started looking for othef usesout there,” Turner said. “Whatf other things are out there that have a buncgh of mobile units thatexchange data.” Turner hopesa to have a demonstratiobn version of the company’s OpConnect charging unit installed in Oregobn by August. The device uses a touch-screen and offerxs a program to buy charging credit s online and use them by swiping an OpConnecg card through thecharging station. The devicw can also accept credit cards. The set-up is similard to that of California-based Coulombn Technologies Inc.
, which gives customerz a ChargePoint Smart Card that allows them to chargew a car at any charging stationb and receive a text messag eor e-mail once the vehiclee is done.
วันอังคารที่ 31 กรกฎาคม พ.ศ. 2555
วันจันทร์ที่ 30 กรกฎาคม พ.ศ. 2555
Recovery Act boosts venture capital - Washington Business Journal:
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The changes, which were implemented Friday, will affect the ’sx Small Business Investment Company program. “The Recovery Act expande SBA’s venture-capital program to increasd the pool of investment fundinvg available to the Small Business Investmentf Companies licensedby SBA,” said SBA Administratof Karen Mills. “We believe thoses companies will be better equipped by thess changes to help sustain and grow small businesses for their next importanfgrowth steps.” Small Business Investment Companies are privately owneed and managed venture-capital firmsa licensed and regulated by SBA.
They use a combinatio of funds raised from private sourcees and money raised through the use of SBA guarantees to makeequity - and mezzanine-capital investments in small businesses. Therw are approximately 338 Small Business Investment Companieswith $17.4 billiomn in capital under management. The Small Business Investmen Companies program was created in 1958 to stimulat e the growthof America’s small businessed by supplementing the long-term debt and private-equity capitalp available to them.
• The Recovergy Act makes Small Businesds Investment Companies eligible forgreater SBA-guaranteed funding and requires them to invest 25 percent of thei r investment dollars into businesses. Also, the amount of funding a Smalo Business Investment Company may invest in a singler small business is set at 10 percent of a Smalkl BusinessInvestment Company’s totalo capital, rather than the previous limit of 20 percenyt of a Small Business Investment Company’s privatwe capital only.
This translates to an effective 50 percent increase in funding available to a single business by a Small BusinessInvestment • Maximum SBA funding levels to Small Businesxs Investment Companies will increase up to three times the privatse capital raised by the Small Business Investment Company, up to a maximumn of $150 million for single Small Business Investmenty Companies, or up to $225 million for multiplde companies under common control. The cap for all licenseews had been setat $137.1 milliohn before the Recovery Act. • These limitsw are even higher for Small Business Investment Companies licenserdafter Oct.
1, 2009, that certifu at least 50 percent of their investmentsa will be made in small businessex locatedin low-income areas, up to $175 million for single licenseese and up to $250 million for jointly controlled multiplr licensees. Changes made to the Small Business Investment Company program under the Recovery Actare
The changes, which were implemented Friday, will affect the ’sx Small Business Investment Company program. “The Recovery Act expande SBA’s venture-capital program to increasd the pool of investment fundinvg available to the Small Business Investmentf Companies licensedby SBA,” said SBA Administratof Karen Mills. “We believe thoses companies will be better equipped by thess changes to help sustain and grow small businesses for their next importanfgrowth steps.” Small Business Investment Companies are privately owneed and managed venture-capital firmsa licensed and regulated by SBA.
They use a combinatio of funds raised from private sourcees and money raised through the use of SBA guarantees to makeequity - and mezzanine-capital investments in small businesses. Therw are approximately 338 Small Business Investment Companieswith $17.4 billiomn in capital under management. The Small Business Investmen Companies program was created in 1958 to stimulat e the growthof America’s small businessed by supplementing the long-term debt and private-equity capitalp available to them.
• The Recovergy Act makes Small Businesds Investment Companies eligible forgreater SBA-guaranteed funding and requires them to invest 25 percent of thei r investment dollars into businesses. Also, the amount of funding a Smalo Business Investment Company may invest in a singler small business is set at 10 percent of a Smalkl BusinessInvestment Company’s totalo capital, rather than the previous limit of 20 percenyt of a Small Business Investment Company’s privatwe capital only.
This translates to an effective 50 percent increase in funding available to a single business by a Small BusinessInvestment • Maximum SBA funding levels to Small Businesxs Investment Companies will increase up to three times the privatse capital raised by the Small Business Investment Company, up to a maximumn of $150 million for single Small Business Investmenty Companies, or up to $225 million for multiplde companies under common control. The cap for all licenseews had been setat $137.1 milliohn before the Recovery Act. • These limitsw are even higher for Small Business Investment Companies licenserdafter Oct.
1, 2009, that certifu at least 50 percent of their investmentsa will be made in small businessex locatedin low-income areas, up to $175 million for single licenseese and up to $250 million for jointly controlled multiplr licensees. Changes made to the Small Business Investment Company program under the Recovery Actare
วันเสาร์ที่ 28 กรกฎาคม พ.ศ. 2555
Phoenix Coyotes sale: Greg Jamison, about $20M short, courts investors - SportingNews.com
karnergetajequ1416.blogspot.com
Bleacher Report | Phoenix Coyotes sale: Greg Jamison, about $20M short, courts investors SportingNews.com The Coyotes deal is on tenuous ice but could still happen, according to multiple sources familiar with the team's three-year ownership saga and uncertain future in the Phoenix market. Greg Jamison's group is still confident that they can p urchase the ... Phoenix Coyotes: Ownership and Shane Doan Update Phoenix Coyotes' Shane Doan to talk with Greg Jamison Friday Jamison $20M short in Coyotes bid, courting investors |
วันศุกร์ที่ 27 กรกฎาคม พ.ศ. 2555
Dial Global and NBC Sports Group Name Jack Silver, Program Director, NBC ... - Sacramento Bee
sunrise-invoices.blogspot.com
Dial Global and NBC Sports Group Name Jack Silver, Program Director, NBC ... Sacramento Bee NEW YORK, July 26, 2012 -- /PRNewswire/ -- Dial Global (NASDAQ: DIAL) and the NBC Sports Group today announced the hiring of Jack Silver as Program Director, NBC Sports Radio Network. Silver comes to the NBC Sports Radio Network after a ... |
วันอังคารที่ 24 กรกฎาคม พ.ศ. 2555
Wachovia unit to pay $40M settlement - San Antonio Business Journal:
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The Securities and Exchange Commissionh accused the companies of overstatinh the value of a mutual fund that investedf primarilyin mortgage-backed securities, and then only selectivelyh telling shareholders about the fund’s valuation Evergreen neither admits nor denie the allegations. The SEC’s enforcement action againsgt Evergreen andits distributor, , foundf that the value of its Ultrq Short Opportunities Fund, which was consistently ranked as a high performefr in its class in 2007 and 2008, was inflated by as much as 17 percenyt due to Evergreen’s alleged valuation practices.
Had Evergreen properly valued the fund, it woulxd have ranked near the bottom of its category durinfgthis time, the SEC said. Evergreej liquidated the fund inJune 2008. According to the SEC, Evergreejn disclosed the reasons and the likelihood for additional repricings toselect shareholders, who were then able to cash out beforw incurring any additional drop in the valu of their fund Other shareholders were left uninformed, the commission “By picking and choosing to disclose negative information to some investoras and not others, Evergreenb gave certain shareholders an unfair advantage and left others in the says David Bergers, director of the SEC’zs regional office in Boston.
“Evergreen harmed investorsa and prevented them from making informedc decisions by overstating the value of its holdingsin mortgage-backed The $40 million settlement will be distributed to Ultraw Fund shareholders. Evergreen is the brand name undewhich Charlotte-based conducts its investment-management Wachovia was acquired by San Francisco-based (NYSE:WFC) late last Evergreen is being merged with Well s Fargo Asset Management.
The Securities and Exchange Commissionh accused the companies of overstatinh the value of a mutual fund that investedf primarilyin mortgage-backed securities, and then only selectivelyh telling shareholders about the fund’s valuation Evergreen neither admits nor denie the allegations. The SEC’s enforcement action againsgt Evergreen andits distributor, , foundf that the value of its Ultrq Short Opportunities Fund, which was consistently ranked as a high performefr in its class in 2007 and 2008, was inflated by as much as 17 percenyt due to Evergreen’s alleged valuation practices.
Had Evergreen properly valued the fund, it woulxd have ranked near the bottom of its category durinfgthis time, the SEC said. Evergreej liquidated the fund inJune 2008. According to the SEC, Evergreejn disclosed the reasons and the likelihood for additional repricings toselect shareholders, who were then able to cash out beforw incurring any additional drop in the valu of their fund Other shareholders were left uninformed, the commission “By picking and choosing to disclose negative information to some investoras and not others, Evergreenb gave certain shareholders an unfair advantage and left others in the says David Bergers, director of the SEC’zs regional office in Boston.
“Evergreen harmed investorsa and prevented them from making informedc decisions by overstating the value of its holdingsin mortgage-backed The $40 million settlement will be distributed to Ultraw Fund shareholders. Evergreen is the brand name undewhich Charlotte-based conducts its investment-management Wachovia was acquired by San Francisco-based (NYSE:WFC) late last Evergreen is being merged with Well s Fargo Asset Management.
วันจันทร์ที่ 23 กรกฎาคม พ.ศ. 2555
Online remittance solution for NRIs - The Hindu
hihozeima.blogspot.com
Online remittance solution for NRIs The Hindu Karur Vysya Bank announced a tie-up with TimesofMoney, India's leading digital payments service provider, for a customer friendly online remittance solution for Non Resident Indians (NRIs). This service provided by TimesofMoney will ensure that all NRI ... |
วันเสาร์ที่ 21 กรกฎาคม พ.ศ. 2555
Dark Knight Rises Tragedy: Victims Identified, Families Speak Out - E! Online
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E! Online | Dark Knight Rises Tragedy: Victims Identified, Families Speak Out E! Online In the wake of the tragic shooting in Aurora, Colo., the Arapahoe County Coroner has identified the 12 people whose lives were tragic » |
วันศุกร์ที่ 20 กรกฎาคม พ.ศ. 2555
Would-be Pentagon model-plane bomber enters guilty plea - Chicago Tribune
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San Francisco Chronicle | Would-be Pentagon model-plane bomber enters guilty plea Chicago Tribune BOSTON (Reuters) - The Massachusetts man charged with plotting to attack the Pentagon and the U.S. Capitol with remote-controlled model airplanes packed with explosives entered a guilty plea in a Boston federal court on Friday. Rezwan Ferdaus told a ... Mass. man admits guilt in plot to blow up Pentagon Mass. man to plead guilty in plot to blow up Pentagon with explosive-packed ... Mass. man pleads guilty in plot to blow up Pentagon with explosive-packed ... |
วันพฤหัสบดีที่ 19 กรกฎาคม พ.ศ. 2555
Inspired by India - New York Times
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New York Times | Inspired by India New York Times By SHIVANI VORA. Published: July 18, 2012. A DECADE ago, the mention of India-inspired beauty products might have evoked the heady scents of patchouli oil and sandalwood soap â€" limited in appeal to former hippies and the most ardent of yogis. |
วันอังคารที่ 17 กรกฎาคม พ.ศ. 2555
Largest airport in southern Utah closed over "ground incident" - Reuters
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News Tribe | Largest airport in southern Utah closed over "ground incident" Reuters SALT LAKE CITY, July 17 (Reuters) - The largest airport insouthern Utah, The St. George Municipal Airport, was temporarilyclosed on Tuesday while authorities investigated a groundincident involving. “Ground incident†causes Utah's largest airport closure |
วันจันทร์ที่ 16 กรกฎาคม พ.ศ. 2555
Oxfam Jesmond hosts literary workshop - Jesmond Local
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Jesmond Local | Oxfam Jesmond hosts literary workshop Jesmond Local Charity's annual Bookfest culminates in fiction-writing workshop by author Laura Fish. Nelly Stavropoulou and Charlotte Krol report. |
วันเสาร์ที่ 14 กรกฎาคม พ.ศ. 2555
New construction down 42% in Birmingham area - South Florida Business Journal:
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The firm said over all, contractd for future construction fellto $82.u million in May, compared to $143 million in the same monthg last year. Commercial constructionn contracts dropped 34 percentto $38.1 million from $58.2 million in May 2008. And residential contracts fell 47 percentyto $44.7 million from nearlyg $85 million. Year-to-date, locally, commercial contracts were down 28 percent from the first five monthe of last year and residential was down42 percent. In commercial contracts rose 90 percentyto $346.3 million from $182.4 milliojn in May 2008. But residential dropped 24 percentto $261.2 million from $343.
w2 million in the same month last Nonbuilding, which includes construction of infrastructure, airports and utilities, rose nearl 143 percent in the state to $144.4 million last Year-to-date, commercial rose 13 percent, residential fell 35 percenr and nonbuilding remained flat, with a 1 percentr increase.
The firm said over all, contractd for future construction fellto $82.u million in May, compared to $143 million in the same monthg last year. Commercial constructionn contracts dropped 34 percentto $38.1 million from $58.2 million in May 2008. And residential contracts fell 47 percentyto $44.7 million from nearlyg $85 million. Year-to-date, locally, commercial contracts were down 28 percent from the first five monthe of last year and residential was down42 percent. In commercial contracts rose 90 percentyto $346.3 million from $182.4 milliojn in May 2008. But residential dropped 24 percentto $261.2 million from $343.
w2 million in the same month last Nonbuilding, which includes construction of infrastructure, airports and utilities, rose nearl 143 percent in the state to $144.4 million last Year-to-date, commercial rose 13 percent, residential fell 35 percenr and nonbuilding remained flat, with a 1 percentr increase.
วันศุกร์ที่ 13 กรกฎาคม พ.ศ. 2555
Syrian Observer Team Reports 'Continuous Violence' - TIME
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The Guardian | Syrian Observer Team Reports 'Continuous Violence' TIME (BEIRUT) â€" The head of the U.N. observer mission in Syria says his teams can confirm government forces waged attacks from the ground and air Thursday in Tremseh, where there are reports of a mass killing. Norwegian Maj. Gen. 'Continuous violence' in Syria UN observers' chief confirms continuous fighting in carnage- hit Syrian town |
วันพฤหัสบดีที่ 12 กรกฎาคม พ.ศ. 2555
Imaginary friend inspires T8 Webware name change - DesMoinesRegister.com
moffaiqohegesa1490.blogspot.com
Imaginary friend inspires T8 Webware name change DesMoinesRegister.com Wade Arnold's then-2-year-old son had a simple strategy when he was caught doing something wrong: Blame Banno. T8 Webware Now Banno T8 Webware becomes Banno, hints at future products T8 Webware Changes Name to Banno |
วันอังคารที่ 10 กรกฎาคม พ.ศ. 2555
Williams, Smith draw biggest paychecks - Business First of Buffalo:
awipekyhila.blogspot.com
The norms for all Western New York according to theEducation Department, are $35,569 at the $52,200 at the midpoint and $83,965 at the peak of theid careers. But there are substantial deviations from districtto • Wages for beginning teachers tend to be higheer in Niagara Falls than anywhered else in the region. The Niagara Fallsd City School District has a fifth percentile salaryyof $42,265 for its classroomn teachers, leading all Wester New York school systems. Williamsville is close behind witha low-end salarhy of $42,059.
Seven othef districts have pay scales thatsurpass $40,000p for their youngest teachers: Fredonia, North Tonawanda, Lewiston-Porter, West Seneca, Grand Island and At the bottom is West Valley, wherse the fifth percentile salary is • The median pay for all 800 classroomk teachers in the Williamsville Central School District is which is nearly $2,000 higher than any other districtg in the region. Three other systemas have median (or 50th percentile) salaries higher than North Tonawanda, Grand Island and Sweet Home. Warsawq is at the bottom, paying its classroom teacher a median salaryof $40,953.
• Gran d Island offers the steepesf peakfor teachers, with a 95th percentile salary of $91,390. The only other district above $90,000 is Sweet Home at $90,893. Rounding out the top five are Cheektowaga-Maryvale and Alden, all with peak salariez above $87,000. Paychecks at this exalted levelk are reserved for the mostexperiencedd teachers, generally those with at least 30 years in the The tiniest summit is in Wyoming, which also has the smallesrt enrollment of any Western New York school 163 students. Peak pay for Wyoming’sd teachers is $60,434, almost $3,500 below the career midpoinytin Williamsville.
The norms for all Western New York according to theEducation Department, are $35,569 at the $52,200 at the midpoint and $83,965 at the peak of theid careers. But there are substantial deviations from districtto • Wages for beginning teachers tend to be higheer in Niagara Falls than anywhered else in the region. The Niagara Fallsd City School District has a fifth percentile salaryyof $42,265 for its classroomn teachers, leading all Wester New York school systems. Williamsville is close behind witha low-end salarhy of $42,059.
Seven othef districts have pay scales thatsurpass $40,000p for their youngest teachers: Fredonia, North Tonawanda, Lewiston-Porter, West Seneca, Grand Island and At the bottom is West Valley, wherse the fifth percentile salary is • The median pay for all 800 classroomk teachers in the Williamsville Central School District is which is nearly $2,000 higher than any other districtg in the region. Three other systemas have median (or 50th percentile) salaries higher than North Tonawanda, Grand Island and Sweet Home. Warsawq is at the bottom, paying its classroom teacher a median salaryof $40,953.
• Gran d Island offers the steepesf peakfor teachers, with a 95th percentile salary of $91,390. The only other district above $90,000 is Sweet Home at $90,893. Rounding out the top five are Cheektowaga-Maryvale and Alden, all with peak salariez above $87,000. Paychecks at this exalted levelk are reserved for the mostexperiencedd teachers, generally those with at least 30 years in the The tiniest summit is in Wyoming, which also has the smallesrt enrollment of any Western New York school 163 students. Peak pay for Wyoming’sd teachers is $60,434, almost $3,500 below the career midpoinytin Williamsville.
วันจันทร์ที่ 9 กรกฎาคม พ.ศ. 2555
Idaho Digital Learning Academy hires Starfish Retention Solutions - Business First of Buffalo:
ukatekexo.wordpress.com
IDLA, a 7-year-old stater virtual school formed byIdahk legislature, offers online classea to students in the state. an Arlington-based maker of student-retentioj software, will help pinpoint at-risko students in real time, basesd on their daily course work performance and then connecty them tohelpful resources. “One of the best ways to gaugd student engagement is to keep track of how oftenb they log in to their online courses.
Unfortunately, this is also one of the greatest saidRyan Gravette, technology director for “With Starfish, we will know this in real and be able to reengage students and get them back in the Starfish will track when a student has not loggeds in to the course management systemm for more than a week and then let an appropriate partt know. That same party will also be alertecd when a student gets two consecutive progressa reports with a score of less than 70 David Yaskin, founder and CEO of Starfish, is a He was the former vice president of produc strategy and left the D.C.
companyg in October 2007 to start
IDLA, a 7-year-old stater virtual school formed byIdahk legislature, offers online classea to students in the state. an Arlington-based maker of student-retentioj software, will help pinpoint at-risko students in real time, basesd on their daily course work performance and then connecty them tohelpful resources. “One of the best ways to gaugd student engagement is to keep track of how oftenb they log in to their online courses.
Unfortunately, this is also one of the greatest saidRyan Gravette, technology director for “With Starfish, we will know this in real and be able to reengage students and get them back in the Starfish will track when a student has not loggeds in to the course management systemm for more than a week and then let an appropriate partt know. That same party will also be alertecd when a student gets two consecutive progressa reports with a score of less than 70 David Yaskin, founder and CEO of Starfish, is a He was the former vice president of produc strategy and left the D.C.
companyg in October 2007 to start
วันเสาร์ที่ 7 กรกฎาคม พ.ศ. 2555
BofA
showarticle-cultura.blogspot.com
According to Dow Jonesx Newswires, Reps. Edolphus Towns (D-N.Y.) and Dennis Kucinich (D-Ohio) have askerd Lewis to appear Thursdayg before the House Committee on Oversight andGovernment Reform. Townz and Kucinich have been investigatinh BofA’s acquisition of Merrill and the government’s decisionh to give the Charlotte-based bank billionzs of dollars intaxpayer aid. According to the news they want to know when BofA found outabout Merrill’s weakened financial situation and how the role the federalo government played in BofA’s decision to complete the Lawmakers also want to know what BofA has done with the federalk aid it has received.
A BofA spokesmahn told Dow Jones the bank will respond to the committee BofA bought the Merrillon Jan. 1 for $29.1 The deal resulted in BofA’s receiving an additionall $20 billion in federal funds under the Troubled AssetfRelief Program. BofA has received a total of $45 billioj in TARP funds. In February, Lewisw testified under oath before New York Attorney General Andrew Cuomo that Federal Reservde Chairman Ben Bernankeand then-Treasury Secretary Henry Paulson pressurede the bank not to discuss its increasingl troubled plan to buy Merrill. Lewis said he believe Paulson and Bernanke were instructing him to keep silentgabout Merrill’s financial problems. Merrilll lost $15.
3 billion in the fourth Lewis has been under intense pressurwe from BofA shareholders for not disclosing the dept hof Merrill’s financial difficulties beforw the merger. His testimony was part of an investigationm launched by Cuomo intothe $3.6 billion in bonusews Merrill paid out in December. Cuomop has contended BofA (NYSE:BAC) was aware of Merrill’x decision to award bonusees beforethe company’s fourth-quarter losses were The bank has said Merrill was an independenf business when the bonusesa were approved. North Carolina’s attorney general and the Securitiexs and Exchange Commission are also investigatingthe matter.
According to Dow Jonesx Newswires, Reps. Edolphus Towns (D-N.Y.) and Dennis Kucinich (D-Ohio) have askerd Lewis to appear Thursdayg before the House Committee on Oversight andGovernment Reform. Townz and Kucinich have been investigatinh BofA’s acquisition of Merrill and the government’s decisionh to give the Charlotte-based bank billionzs of dollars intaxpayer aid. According to the news they want to know when BofA found outabout Merrill’s weakened financial situation and how the role the federalo government played in BofA’s decision to complete the Lawmakers also want to know what BofA has done with the federalk aid it has received.
A BofA spokesmahn told Dow Jones the bank will respond to the committee BofA bought the Merrillon Jan. 1 for $29.1 The deal resulted in BofA’s receiving an additionall $20 billion in federal funds under the Troubled AssetfRelief Program. BofA has received a total of $45 billioj in TARP funds. In February, Lewisw testified under oath before New York Attorney General Andrew Cuomo that Federal Reservde Chairman Ben Bernankeand then-Treasury Secretary Henry Paulson pressurede the bank not to discuss its increasingl troubled plan to buy Merrill. Lewis said he believe Paulson and Bernanke were instructing him to keep silentgabout Merrill’s financial problems. Merrilll lost $15.
3 billion in the fourth Lewis has been under intense pressurwe from BofA shareholders for not disclosing the dept hof Merrill’s financial difficulties beforw the merger. His testimony was part of an investigationm launched by Cuomo intothe $3.6 billion in bonusews Merrill paid out in December. Cuomop has contended BofA (NYSE:BAC) was aware of Merrill’x decision to award bonusees beforethe company’s fourth-quarter losses were The bank has said Merrill was an independenf business when the bonusesa were approved. North Carolina’s attorney general and the Securitiexs and Exchange Commission are also investigatingthe matter.
วันศุกร์ที่ 6 กรกฎาคม พ.ศ. 2555
WSJ: Fed emails critical of BofA, Lewis - San Francisco Business Times:
plesciamipukoa1855.blogspot.com
According to the Wall Street Journal , whic h cites documents from congressional investigators, Bernanke dismissed the threat to stop the deal asa “bargainingb chip.” In addition, Fed attorneys called the bank’xs arguments “not credible,” and a top examiner said Lewis’ own position “seemas somewhat suspect.” According to the Journal , the emails confirm Bernanke was willing to threaten removal as CEO if he reneged on the Merrill deal and late r sought assistance. They also suggest Fed officials had a dim view ofthe bank’s management, with the Fed’s top lawyer sayinb Lewis “can be reckless,” the newspapere says.
The emails and othedr documents were subpoenaed from the Fed as part of a congressional investigatiobn ledby Rep. Edolphus Towns into BofA’s acquisition of Merrill and the government’es decision to give the Charlotte-base bank (NYSE:BAC) billions of dollars in taxpayer aid. Lewis is scheduled to appear Thursday before the Houswe Committee on Oversight andGovernment “These were extremely difficult times in which all parties were workinyg nights and weekends in an effort to prevent a severre financial collapse,” BofA spokesman Jamee Mahoney told the Journal , “and we believse it involved good people working with good intentions.
” BofA boughrt the Merrill on Jan. 1 for $29.2 billion. The deal resulted in BofA’s receiving an additional $20 billioj in federal funds under the Troubled Asset Relief BofA has received a totalof $45 billionh in TARP funds. Lewis has been under intense pressure from BofA shareholders for not disclosing the depthjof Merrill’s financial difficultiew before the merger. In February, Lewis testified under oath before New York Attorne y General Andrew Cuomo that Bernankeand then-Treasury Secretary Henrhy Paulson pressured the bank not to discuss its increasinglgy troubled plan to buy Merrill.
Lewi said he believed Paulson and Bernanke were instructinh him to keep silentabout Merrill’s financiakl problems. Merrill lost $15.w billion in the fourth quarter. His testimony was part of an investigatiojn launched by Cuomo intothe $3.6 billion in bonuses Merrillo paid out in December.
According to the Wall Street Journal , whic h cites documents from congressional investigators, Bernanke dismissed the threat to stop the deal asa “bargainingb chip.” In addition, Fed attorneys called the bank’xs arguments “not credible,” and a top examiner said Lewis’ own position “seemas somewhat suspect.” According to the Journal , the emails confirm Bernanke was willing to threaten removal as CEO if he reneged on the Merrill deal and late r sought assistance. They also suggest Fed officials had a dim view ofthe bank’s management, with the Fed’s top lawyer sayinb Lewis “can be reckless,” the newspapere says.
The emails and othedr documents were subpoenaed from the Fed as part of a congressional investigatiobn ledby Rep. Edolphus Towns into BofA’s acquisition of Merrill and the government’es decision to give the Charlotte-base bank (NYSE:BAC) billions of dollars in taxpayer aid. Lewis is scheduled to appear Thursday before the Houswe Committee on Oversight andGovernment “These were extremely difficult times in which all parties were workinyg nights and weekends in an effort to prevent a severre financial collapse,” BofA spokesman Jamee Mahoney told the Journal , “and we believse it involved good people working with good intentions.
” BofA boughrt the Merrill on Jan. 1 for $29.2 billion. The deal resulted in BofA’s receiving an additional $20 billioj in federal funds under the Troubled Asset Relief BofA has received a totalof $45 billionh in TARP funds. Lewis has been under intense pressure from BofA shareholders for not disclosing the depthjof Merrill’s financial difficultiew before the merger. In February, Lewis testified under oath before New York Attorne y General Andrew Cuomo that Bernankeand then-Treasury Secretary Henrhy Paulson pressured the bank not to discuss its increasinglgy troubled plan to buy Merrill.
Lewi said he believed Paulson and Bernanke were instructinh him to keep silentabout Merrill’s financiakl problems. Merrill lost $15.w billion in the fourth quarter. His testimony was part of an investigatiojn launched by Cuomo intothe $3.6 billion in bonuses Merrillo paid out in December.
วันพฤหัสบดีที่ 5 กรกฎาคม พ.ศ. 2555
Even after the recession, pay will remain battered - Boston Business Journal:
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Salary freezes, wage cuts and economic uncertainty will dent pay hikezs and keep salaries largely flat for years to Those same factors will also undercut startingv salaries for the legions of job seeker looking for work in a laborf market where companies have theupper hand, according to Boston-area employmengt experts. Indeed, the vast majority of companies have alreadhy pared compensation in some shapeeor form.
According to a recent survey, nearlyu half of all organizations have reduced stafrfthrough layoffs; 60 percent of companiews have instituted hiring freezes; 51 percenft of companies have implemented pay 70 percent of companies have reducecd salary budgets; and 73 percent have cut back on bonus awards. only 7 percent of companiezs have actually reduced compensation forcurrent workers, accordin g to Needham-based Salary.com SLRY). “For people already in the job, it’sx not likely that their salary will go itjust won’t move forwards as it did in the past,” said Lena Bottos, vice presiden t of customer relationship management at Salary.com.
But some say salary cuts have been more Bob Eubank, executive director of the , said it is a commonh cost-cutting strategy for companies and will likelgy affect wages for years to come. “The long and the shorgt of it is there will be someimpact overall,” said The group that will feel the changes the most, according to Bottos, will be job who will most likely see loweer starting salaries across the board. “It’s an employer’s market,” said Bottos. “As more peoples are looking for jobs, employers can pick and choose and drivesalaries down. Companies are just like — even the ones who have mone to spend, aren’t.
” salary increases will likely be nonexistent or extremelhy smallnext year. Experts say any increase is likely to be less than the 3percent — consistent with last year’s average. Accordinfg to CareerBuilder’s second-quarter job forecast, 46 percentf of companies say compensation willnot increase, whilw 42 percent of companies plan to increased salaries for their full-timers, down from 70 percentf this time last year. According to the , average weekly earnings increasedby 1.
3 percentg year over year through “I think if you were getting a 3 percent raise a year ago, and you didn’ty get 3 percent this year — I wouldn’t expect a 6 percent raise next year,” said Bill president of the New England district of the staffinfg firm To be sure, growth rates for employed compensation slowed during the first quarter. Wagesw and salaries for private industry workersincreased 0.2 percent from Decembee 2008 to March, compared with 0.5 percent for the year-earlier period, according to the Bureau of Labor Statistics.
Salary freezes, wage cuts and economic uncertainty will dent pay hikezs and keep salaries largely flat for years to Those same factors will also undercut startingv salaries for the legions of job seeker looking for work in a laborf market where companies have theupper hand, according to Boston-area employmengt experts. Indeed, the vast majority of companies have alreadhy pared compensation in some shapeeor form.
According to a recent survey, nearlyu half of all organizations have reduced stafrfthrough layoffs; 60 percent of companiews have instituted hiring freezes; 51 percenft of companies have implemented pay 70 percent of companies have reducecd salary budgets; and 73 percent have cut back on bonus awards. only 7 percent of companiezs have actually reduced compensation forcurrent workers, accordin g to Needham-based Salary.com SLRY). “For people already in the job, it’sx not likely that their salary will go itjust won’t move forwards as it did in the past,” said Lena Bottos, vice presiden t of customer relationship management at Salary.com.
But some say salary cuts have been more Bob Eubank, executive director of the , said it is a commonh cost-cutting strategy for companies and will likelgy affect wages for years to come. “The long and the shorgt of it is there will be someimpact overall,” said The group that will feel the changes the most, according to Bottos, will be job who will most likely see loweer starting salaries across the board. “It’s an employer’s market,” said Bottos. “As more peoples are looking for jobs, employers can pick and choose and drivesalaries down. Companies are just like — even the ones who have mone to spend, aren’t.
” salary increases will likely be nonexistent or extremelhy smallnext year. Experts say any increase is likely to be less than the 3percent — consistent with last year’s average. Accordinfg to CareerBuilder’s second-quarter job forecast, 46 percentf of companies say compensation willnot increase, whilw 42 percent of companies plan to increased salaries for their full-timers, down from 70 percentf this time last year. According to the , average weekly earnings increasedby 1.
3 percentg year over year through “I think if you were getting a 3 percent raise a year ago, and you didn’ty get 3 percent this year — I wouldn’t expect a 6 percent raise next year,” said Bill president of the New England district of the staffinfg firm To be sure, growth rates for employed compensation slowed during the first quarter. Wagesw and salaries for private industry workersincreased 0.2 percent from Decembee 2008 to March, compared with 0.5 percent for the year-earlier period, according to the Bureau of Labor Statistics.
วันอังคารที่ 3 กรกฎาคม พ.ศ. 2555
ACBJ to relaunch Portfolio.com - Minneapolis / St. Paul Business Journal:
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and American City Business Journals the parent company of the Paul BusinessJournal — . Bizjournals will oversee the editoria and business sides ofthe site. The Portfolio.com editorialo team and sales staff will be basexd inNew York. Condé Nast Portfoli o magazine and its Website Portfolio.com launchedr in April 2007; the magazine closed in The site provided insight into the day’s top business with analysis from bloggers and Tim Bradbury, president of new media at and David Carey, group president at Condé Nast, announcedx the move Wednesday. ACBJ and Nast are units of . In addition to newlh created content, Portfolio.
com will share content with othetr Condé Nast sites such as , GolfDigest.com, and , as it did It also will be the home of the archivesx of content publishedby Portfolio’s print and digital propertieds over the past 24 “We are excited about continuing Portfolio.com and including the site in the bizjournal s network because we were impressed by Portfolio’s strong Web presence, its clean and crisp design, and its voice in the business-journalism marketplace,” Bradbury “We believe our readere will benefit as the relaunchee Portfolio.
com will have a stronger focues on industry news and a greatert mission to offer information relevan t to today’s business professionals.” On top of its existing Portfolio.com will leverage the collaborative skillas and insights of the more than 600 ACBJ businesx journalists around the country, Bradburyy says. The site will have access to locakl market intelligence and work collaboratively with ACBJ newsrooms across the presenting the most important locall insights through a national lens and making it uniqued among nationalbusiness media, he says. “We knew that Portfolio.
com was a highly valuable with an establisheddigital brand, strong direct navigation by and a solid, long tail of traffic from content publishesd over the past two years,” Carey says. “We saw ACBJ as a perfect match due to its great editorial resources in thebusiness arena, and view this as a win for both Portfolio.com’zs readers and the company.” Portfolio.com grew to 2.8 milliomn monthly unique visitors and won industry praise with awardws such as the MIN:Best of Web Award MIN:Hottest Launch of the Year 2007, and Webb nominees in Best Business blog and Financial Servicezs categories.
American City metropolitan business newspaperz reach 4 million readers each weekwith exclusive, in-depthn coverage of their business Bizjournals is the online media division of the nation’s largest publisher of metropolitan business newspapers. It operatees the Web sites for each ofthe company’as 40 print business journals and operates a Web-only site with local business news and informationj for Los Angeles. Bizjournals provides nearly 9 million monthly onlinde users daily and weekly local business newsand information.
Nast includes 22 consumeer magazines, Condé Nast Digital, the Fairchild Fashioj Group, Parade, the Condé Nast Media Group and the ShareddServices Centers.
and American City Business Journals the parent company of the Paul BusinessJournal — . Bizjournals will oversee the editoria and business sides ofthe site. The Portfolio.com editorialo team and sales staff will be basexd inNew York. Condé Nast Portfoli o magazine and its Website Portfolio.com launchedr in April 2007; the magazine closed in The site provided insight into the day’s top business with analysis from bloggers and Tim Bradbury, president of new media at and David Carey, group president at Condé Nast, announcedx the move Wednesday. ACBJ and Nast are units of . In addition to newlh created content, Portfolio.
com will share content with othetr Condé Nast sites such as , GolfDigest.com, and , as it did It also will be the home of the archivesx of content publishedby Portfolio’s print and digital propertieds over the past 24 “We are excited about continuing Portfolio.com and including the site in the bizjournal s network because we were impressed by Portfolio’s strong Web presence, its clean and crisp design, and its voice in the business-journalism marketplace,” Bradbury “We believe our readere will benefit as the relaunchee Portfolio.
com will have a stronger focues on industry news and a greatert mission to offer information relevan t to today’s business professionals.” On top of its existing Portfolio.com will leverage the collaborative skillas and insights of the more than 600 ACBJ businesx journalists around the country, Bradburyy says. The site will have access to locakl market intelligence and work collaboratively with ACBJ newsrooms across the presenting the most important locall insights through a national lens and making it uniqued among nationalbusiness media, he says. “We knew that Portfolio.
com was a highly valuable with an establisheddigital brand, strong direct navigation by and a solid, long tail of traffic from content publishesd over the past two years,” Carey says. “We saw ACBJ as a perfect match due to its great editorial resources in thebusiness arena, and view this as a win for both Portfolio.com’zs readers and the company.” Portfolio.com grew to 2.8 milliomn monthly unique visitors and won industry praise with awardws such as the MIN:Best of Web Award MIN:Hottest Launch of the Year 2007, and Webb nominees in Best Business blog and Financial Servicezs categories.
American City metropolitan business newspaperz reach 4 million readers each weekwith exclusive, in-depthn coverage of their business Bizjournals is the online media division of the nation’s largest publisher of metropolitan business newspapers. It operatees the Web sites for each ofthe company’as 40 print business journals and operates a Web-only site with local business news and informationj for Los Angeles. Bizjournals provides nearly 9 million monthly onlinde users daily and weekly local business newsand information.
Nast includes 22 consumeer magazines, Condé Nast Digital, the Fairchild Fashioj Group, Parade, the Condé Nast Media Group and the ShareddServices Centers.
วันจันทร์ที่ 2 กรกฎาคม พ.ศ. 2555
U wants to ban alcohol from stadium - Philadelphia Business Journal:
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Earlier plans for the stadium, which will hold its firstr Gophers football gameon Sept. 12, would have allowed alcohol salese in the more expensivepremium seating, but not in general Bruininks’ move comes after the Minnesota Legislatur and Gov. Tim Pawlentgy made a new law requiring thatall of-age game attendeees have equal access to “Unfortunately, this new legislation leaves us with only two to become the only Big Ten campus in the countryy to sell alcohol throughout its football stadium, or to not sell alcoholk at all,” said Bruininks in a “Our values do not change even if our plansz must.
We have never sold alcohol at student-oriented on-campusw events in the past, and I do not recommenr we start now.” The university’s Board of Regents will considefr the proposal and will likely take action at a June24 meeting. If the regent approve Bruininks’ request, Williams Arena and Mariucci Arens will alsobe alcohol-free on game days. alcohol is served in some areas of thoses arenas ongame day.
The universitt acknowledged the alcohol ban will have somefinanciao impact, but it has not yet assessed how
Earlier plans for the stadium, which will hold its firstr Gophers football gameon Sept. 12, would have allowed alcohol salese in the more expensivepremium seating, but not in general Bruininks’ move comes after the Minnesota Legislatur and Gov. Tim Pawlentgy made a new law requiring thatall of-age game attendeees have equal access to “Unfortunately, this new legislation leaves us with only two to become the only Big Ten campus in the countryy to sell alcohol throughout its football stadium, or to not sell alcoholk at all,” said Bruininks in a “Our values do not change even if our plansz must.
We have never sold alcohol at student-oriented on-campusw events in the past, and I do not recommenr we start now.” The university’s Board of Regents will considefr the proposal and will likely take action at a June24 meeting. If the regent approve Bruininks’ request, Williams Arena and Mariucci Arens will alsobe alcohol-free on game days. alcohol is served in some areas of thoses arenas ongame day.
The universitt acknowledged the alcohol ban will have somefinanciao impact, but it has not yet assessed how
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