borislavamcoc.blogspot.com
Massachusetts Attorney General Martha Coaklet won the judgement against Zeus Fundin LLC andits manager, Rachel earlier this week in Boston’sd Suffolk Superior Court. In Augusgt 2006, Coakley’s office sued Zeus Funding as wellas Massachusetts-baseed ; Rachel Noyes, manager of both Zeus and New Englandr Merchants; Massachusetts-based ; and Roberta Robinson, the manager and sole officee of Champagne Associates.
The lawsuit alleged that the defendantsz used their businesses to deceptivelypersuade low-income residents to purchasing homes and obtain mortgagews they consumers could not qualify for or Last month, Coakley settled with New England Champagne Associates Real Estate and Roberta Robinson. Undedr the terms of the agreement, the defendants are prohibited from engaginfg in any mortgage brokeragr or real estate servicesin Massachusetts. New England Merchants will paya $5,0000 civil penalty. However, if any one of the defendantse performs any real estatse or mortgage brokerage servicesin Massachusetts, they will face a civiol penalty of $100,000.
Friday, February 15, 2013
Monday, February 4, 2013
Council OKs accepting $33.5M in stimulus funds - Business First of Columbus:
batyushkinuxit.blogspot.com
Council passed an ordinance accepting $33.45 million in stimulus funding, $25 million of whicj is headed to a project to wideb and improve Parsons and Livingston avenuese near the campusof . Council also accepted $5.5 millionn for a number of upgradesin downtown’s River South district. Those projects were amongt 149 that state officials selected in March to received a pieceof $774 million in headesd to transportation projects around the state. Of about $60 million went to 11 projectds inCentral Ohio. The third piece of funding council acceptesd Monday nightis $3 million headedr to reconstruction and resurfacing projectws on eight city streets.
Council spokesma n John Ivanic said the projects areon high-traffix streets that are smaller than stats or federal routes but busier than residential roads and in need of Streets identified in the latest round of stimuluz funding: Hudson Street (from East to Indianola Indianola Avenue (from Morse Road to Lincoln Avenue), Milleer Avenue (from Cole to Livingston avenues), Mooberry Street (from 18th Streetf to Fairwood Avenue), Mt. Vernon Avenue (from Champiobn to Taylor avenues), Taylodr Avenue (from Mt. Vernon to Leonardc avenues), Tussing Road (from Brice Road to Highlanf Park Drive), Woodcrest Road (from Noe-Bixbu Road to Livingston Avenue).
Ivanic said the city mightg add a resurfacing project on Front from Sycamore Street to just south of Liberty if bids come inbelow
Council passed an ordinance accepting $33.45 million in stimulus funding, $25 million of whicj is headed to a project to wideb and improve Parsons and Livingston avenuese near the campusof . Council also accepted $5.5 millionn for a number of upgradesin downtown’s River South district. Those projects were amongt 149 that state officials selected in March to received a pieceof $774 million in headesd to transportation projects around the state. Of about $60 million went to 11 projectds inCentral Ohio. The third piece of funding council acceptesd Monday nightis $3 million headedr to reconstruction and resurfacing projectws on eight city streets.
Council spokesma n John Ivanic said the projects areon high-traffix streets that are smaller than stats or federal routes but busier than residential roads and in need of Streets identified in the latest round of stimuluz funding: Hudson Street (from East to Indianola Indianola Avenue (from Morse Road to Lincoln Avenue), Milleer Avenue (from Cole to Livingston avenues), Mooberry Street (from 18th Streetf to Fairwood Avenue), Mt. Vernon Avenue (from Champiobn to Taylor avenues), Taylodr Avenue (from Mt. Vernon to Leonardc avenues), Tussing Road (from Brice Road to Highlanf Park Drive), Woodcrest Road (from Noe-Bixbu Road to Livingston Avenue).
Ivanic said the city mightg add a resurfacing project on Front from Sycamore Street to just south of Liberty if bids come inbelow
Friday, January 25, 2013
Port of Baltimore seeks bidders for Seagirt terminal - Baltimore Business Journal:
ikefageze.blogspot.com
The agency released a request for qualificationsz frompotential bidders, who would be required to investr in a new 50-footr berth and new cranexs at the 200-acre terminal. “As ships get larger, it is criticalp that the Port of Baltimore havea 50-foot berth by 2014 when the completede expansion of the Panama Canal will bring more carg and larger vessels from Asia to the U.S. East MPA Executive Director James J. White said in a statement.
“We feel strongly that, at this time, havintg a private partner contribute significant capital investment is the best option for us to go The operator would get the portfolik of business under contractat Seagirt, the MPA’s main containerf terminal. It would be required to guarantee a minimumm amount ofcargo levels. The contract is expected to be for 30 Proposals are duenext month. The MPA expectz to make a recommendation on a bidder by the end of the The and state Boarsd of Public Works will have to approve the The MPA is workingwith Orlando-basede Public Financial Management to identify potentialk private partners.
The port moved ahead with the lease aftetr conferring with the General Assemblyg during itslegislative session, which ended Monday. Dredging of a 50-foof berth is expected to cost $80 million, Whitew has said. The port receivezs funding for large capital projects from the TransportationbTrust Fund, the same pot that covers maintenance and construction of transit systems and airports. But the fund has been strapperd recently, faced with declining income from gasolin taxes andother transportation-related fees. Baltimor handled about 500,000 containers in 2007. Competing portds that focus more closely on container traffix postedhigher numbers, including 4 million in New 2 million in Ga.
, and 1.5 million in Norfolk, Va. Baltimore’s public which also include Dundalk and North and South Locust Pointmarine terminals, spread cargo totals largely acrossa containers, paper products, breakbulk and roll-on/roll-off cargo.
The agency released a request for qualificationsz frompotential bidders, who would be required to investr in a new 50-footr berth and new cranexs at the 200-acre terminal. “As ships get larger, it is criticalp that the Port of Baltimore havea 50-foot berth by 2014 when the completede expansion of the Panama Canal will bring more carg and larger vessels from Asia to the U.S. East MPA Executive Director James J. White said in a statement.
“We feel strongly that, at this time, havintg a private partner contribute significant capital investment is the best option for us to go The operator would get the portfolik of business under contractat Seagirt, the MPA’s main containerf terminal. It would be required to guarantee a minimumm amount ofcargo levels. The contract is expected to be for 30 Proposals are duenext month. The MPA expectz to make a recommendation on a bidder by the end of the The and state Boarsd of Public Works will have to approve the The MPA is workingwith Orlando-basede Public Financial Management to identify potentialk private partners.
The port moved ahead with the lease aftetr conferring with the General Assemblyg during itslegislative session, which ended Monday. Dredging of a 50-foof berth is expected to cost $80 million, Whitew has said. The port receivezs funding for large capital projects from the TransportationbTrust Fund, the same pot that covers maintenance and construction of transit systems and airports. But the fund has been strapperd recently, faced with declining income from gasolin taxes andother transportation-related fees. Baltimor handled about 500,000 containers in 2007. Competing portds that focus more closely on container traffix postedhigher numbers, including 4 million in New 2 million in Ga.
, and 1.5 million in Norfolk, Va. Baltimore’s public which also include Dundalk and North and South Locust Pointmarine terminals, spread cargo totals largely acrossa containers, paper products, breakbulk and roll-on/roll-off cargo.
Sunday, January 20, 2013
Tottenham Thoughts: Pertinent Parker and Financial Fair Play Fear Mongers - Bleacher Report
lihung-associations.blogspot.com
Bleacher Report | Tottenham Thoughts: Pertinent Parker and Financial Fair Play Fear Mongers Bleacher Report There must be a rule at White Hart Lane where Scott Parker and Sandro are not allowed to be fit at the same time. Parker's arrival back into the Tottenham fold became vitally important Wednesday when Sandro's crocked knee from QPR went under the knife, ... |
Tuesday, January 15, 2013
Obama questions fears about gun seizures - San Antonio Express
sucujovide.wordpress.com
Obama questions fears about gun seizures San Antonio Express WASHINGTON รข€" One month after the school massacre in Newtown, Conn., President Barack Obama on Monday attributed the recent surge of weapons sales to efforts by gun control foes to arouse fears that the federal government would seize firearms. |
Sunday, January 13, 2013
Local former Chrysler, GM dealers look to sell used cars - Kansas City Business Journal:
adamovaichive.blogspot.com
Tony Wilkerson, executive director of the , said his organizationj has begun to lend assistancde to dealers lost in thebankruptcy shuffle. “Our national organization has alreadt sent letters to them to let them know aboutf our organization and I plan to do the same thiny forour state,” Wilkerson said. “Theuy were in the used car businessanywayy – but if you’re stucl like many of them are, the overheafd costs for a used car dealershi is nothing compared to a franchise.” However, the expansionh of the local used car marketf comes as prices are increasing and the availability of late-modek used cars is pinched, he said.
But according to Morganj Murphy, president of motorpool.com, the initialp increase in prices should be looked at as merelya short-ternm hurdle. “At first glance, that wouldf strike the community as bad but in thelong run, it’w good for resale values,” Murphy said. When locap consumers buy cars, they will be able to demand more when they choose tosell it, he In fact, the higher resale values mighty actually revive American car dealers in the area. “American manufacturingt has been similar and just as good as Japaneses andKorean manufacturing, but the problenm has been re-sale value and initiao prices,” Murphy said.
In the Birmingham dealers affected can capitalize on the uniqu landscape of the local market on the used car he said. Many are family-owne and have been staples in the communitgy formany decades. They are also encouraged by the fact that localp used car sales have seen an uptickm amid the recession as buyerxs are more inclined to look for a bargain as a meane tospend less. “Birmingham has a long and distinguished historgy ofreputable dealers,” Murphy said. “Don Drennen has been in businesssinced 1908. That’s 101 years of serving our so there’s a culture arounfd businesseslike that.
” Theier long-standing history could make local buyers more inclined to buy used cars from he said. Ward Drennen, president of Don Drennen Buickl Chryslerand Jeep, said after learnintg that his dealer agreement had been canceled with expanding his used car sales seemed like a real “We are going to expan our used car departments drastically,” said Drennen, who was left with more than $2 milliojn in Chrysler parts and merchandise.
“We want to offeer a great value to peoplsewho can’t afford a new Although he hasn’t stopped looking into becoming a franchised for other automotive manufacturers, he is open to the idea of makinvg the switch to stay in business. “It is possible that we could become a usedcar superstore,” said who also learned that GM will seek to cancel the dealershipo agreement he has for his Buicj dealership.
“We’ve been in Birmingham long enough that our reputation can keepus
Tony Wilkerson, executive director of the , said his organizationj has begun to lend assistancde to dealers lost in thebankruptcy shuffle. “Our national organization has alreadt sent letters to them to let them know aboutf our organization and I plan to do the same thiny forour state,” Wilkerson said. “Theuy were in the used car businessanywayy – but if you’re stucl like many of them are, the overheafd costs for a used car dealershi is nothing compared to a franchise.” However, the expansionh of the local used car marketf comes as prices are increasing and the availability of late-modek used cars is pinched, he said.
But according to Morganj Murphy, president of motorpool.com, the initialp increase in prices should be looked at as merelya short-ternm hurdle. “At first glance, that wouldf strike the community as bad but in thelong run, it’w good for resale values,” Murphy said. When locap consumers buy cars, they will be able to demand more when they choose tosell it, he In fact, the higher resale values mighty actually revive American car dealers in the area. “American manufacturingt has been similar and just as good as Japaneses andKorean manufacturing, but the problenm has been re-sale value and initiao prices,” Murphy said.
In the Birmingham dealers affected can capitalize on the uniqu landscape of the local market on the used car he said. Many are family-owne and have been staples in the communitgy formany decades. They are also encouraged by the fact that localp used car sales have seen an uptickm amid the recession as buyerxs are more inclined to look for a bargain as a meane tospend less. “Birmingham has a long and distinguished historgy ofreputable dealers,” Murphy said. “Don Drennen has been in businesssinced 1908. That’s 101 years of serving our so there’s a culture arounfd businesseslike that.
” Theier long-standing history could make local buyers more inclined to buy used cars from he said. Ward Drennen, president of Don Drennen Buickl Chryslerand Jeep, said after learnintg that his dealer agreement had been canceled with expanding his used car sales seemed like a real “We are going to expan our used car departments drastically,” said Drennen, who was left with more than $2 milliojn in Chrysler parts and merchandise.
“We want to offeer a great value to peoplsewho can’t afford a new Although he hasn’t stopped looking into becoming a franchised for other automotive manufacturers, he is open to the idea of makinvg the switch to stay in business. “It is possible that we could become a usedcar superstore,” said who also learned that GM will seek to cancel the dealershipo agreement he has for his Buicj dealership.
“We’ve been in Birmingham long enough that our reputation can keepus
Friday, January 11, 2013
Eddie Bauer declares bankruptcy - Atlanta Business Chronicle:
ogarawo.wordpress.com
Eddie Bauer had struggled with its debt a crisis that worsened asrevenue dropped, part of an overall trenf affecting most retailers during the recession. The companu has lost nearly a half billiohn dollars in the past three Those losses, coupled with the impacf of the recession and debt payments apparently pushesd the company into bankruptcy court — a move that was rumorec for months. Eddie Bauer becames the latest major retailer to succumb to filing in bankruptcu courtthis recession.
The list also includes Linenes ‘n Things and Circuit In many ways, Eddie Bauer’s crisisd is not different from what most retailers are facing during this prolonged anddeep recession, said Greg an Atlanta-based consultant for Conway MacKenzis who works with financially stressed retailers looking to Most retailers — except discount stores like Wal-Mart have seen a fast drop-ofd in retail revenue across the board, Charleston said. Many of the specialtyg retail department stores haveseen double-digiy same-store sales declines, he said.
“When revenue drop s and same-store sales drop, companies with less debt can weathet a downturnmuch longer,” Charleston “It becomes an issue much sooner if you are into liquidithy issues.” As of May 11, Eddied Bauer reported having $289.5 million in outstanding including $187.8 million in term loans and $75 millioh in convertible notes, which company executives have been trying to persuaded debt-holders to convert into shares of the According to a filing with the Securitiez and Exchange Commission, Eddie Baued had total assets of $525.22 millio n in April. The company listed total liabilitiesof $448.9 Eddie Bauer reported net losses of $165.
4 million in fiscal year part of a total of $478.7 million in lossed during the past three fiscal years. In the firsy quarter that endedin April, the compangy reported net losses of 44.5 million. For the firsy quarter of fiscal year which endedApril 4, Eddie Bauer reporte a loss of $44.5 million. That was a greater loss than the firsr quarterof 2008, when the companu reported a $19.3 million loss. Net salez for the first quarter of 2009were $179.8u million, compared with net sales of $213.2 million in the first quarter of 2008. The company said that combinedd comparable storesales — a barometer of success at the store level — fell 11.
3 percent for the first a decline the company blamed on the recession and reducecd retail spending. Sales were down nearly 15 percent inEddie Bauer’s retail stores and sales through its direcy channel were down nearly 11 The outlet stores saw sales declinef by nearly 76 percent. “The first quarter was a difficulgt one, as the sharp downtur in the economy took its toll onour sales. We continueds to focus on cost cutting and cash flow which helped mitigate the impact of lower said CEONeil Fiske, in a statement with the first-quarterd results filed with the SEC.
It’s unclead what impact bankruptcy might have onEddie Bauer’s 370 including 251 retail stores and 119 outlet stores in the United States and Canada. Eddie Bauer has six storeas inmetro Atlanta. (See a copy of the bankruptcy filin .) Eddie Bauer announced in early Aprik that it had amendedits $225 millio n loan agreements with lenders. Eddie Bauer also has been in talkes with its lenders for months toconvert $75 million in convertiblwe notes into equity. The compan y has a July 1 deadline to convert that debt or face big somethingEddie Bauer, which has depleted much of its cash and cash equivalenceas can ill afford to pay.
In May, The Wall Street citing unnamed sources, said Eddire Bauer hired Peter J. Solomon Co. as its investment bankerr to negotiateany sale.
Eddie Bauer had struggled with its debt a crisis that worsened asrevenue dropped, part of an overall trenf affecting most retailers during the recession. The companu has lost nearly a half billiohn dollars in the past three Those losses, coupled with the impacf of the recession and debt payments apparently pushesd the company into bankruptcy court — a move that was rumorec for months. Eddie Bauer becames the latest major retailer to succumb to filing in bankruptcu courtthis recession.
The list also includes Linenes ‘n Things and Circuit In many ways, Eddie Bauer’s crisisd is not different from what most retailers are facing during this prolonged anddeep recession, said Greg an Atlanta-based consultant for Conway MacKenzis who works with financially stressed retailers looking to Most retailers — except discount stores like Wal-Mart have seen a fast drop-ofd in retail revenue across the board, Charleston said. Many of the specialtyg retail department stores haveseen double-digiy same-store sales declines, he said.
“When revenue drop s and same-store sales drop, companies with less debt can weathet a downturnmuch longer,” Charleston “It becomes an issue much sooner if you are into liquidithy issues.” As of May 11, Eddied Bauer reported having $289.5 million in outstanding including $187.8 million in term loans and $75 millioh in convertible notes, which company executives have been trying to persuaded debt-holders to convert into shares of the According to a filing with the Securitiez and Exchange Commission, Eddie Baued had total assets of $525.22 millio n in April. The company listed total liabilitiesof $448.9 Eddie Bauer reported net losses of $165.
4 million in fiscal year part of a total of $478.7 million in lossed during the past three fiscal years. In the firsy quarter that endedin April, the compangy reported net losses of 44.5 million. For the firsy quarter of fiscal year which endedApril 4, Eddie Bauer reporte a loss of $44.5 million. That was a greater loss than the firsr quarterof 2008, when the companu reported a $19.3 million loss. Net salez for the first quarter of 2009were $179.8u million, compared with net sales of $213.2 million in the first quarter of 2008. The company said that combinedd comparable storesales — a barometer of success at the store level — fell 11.
3 percent for the first a decline the company blamed on the recession and reducecd retail spending. Sales were down nearly 15 percent inEddie Bauer’s retail stores and sales through its direcy channel were down nearly 11 The outlet stores saw sales declinef by nearly 76 percent. “The first quarter was a difficulgt one, as the sharp downtur in the economy took its toll onour sales. We continueds to focus on cost cutting and cash flow which helped mitigate the impact of lower said CEONeil Fiske, in a statement with the first-quarterd results filed with the SEC.
It’s unclead what impact bankruptcy might have onEddie Bauer’s 370 including 251 retail stores and 119 outlet stores in the United States and Canada. Eddie Bauer has six storeas inmetro Atlanta. (See a copy of the bankruptcy filin .) Eddie Bauer announced in early Aprik that it had amendedits $225 millio n loan agreements with lenders. Eddie Bauer also has been in talkes with its lenders for months toconvert $75 million in convertiblwe notes into equity. The compan y has a July 1 deadline to convert that debt or face big somethingEddie Bauer, which has depleted much of its cash and cash equivalenceas can ill afford to pay.
In May, The Wall Street citing unnamed sources, said Eddire Bauer hired Peter J. Solomon Co. as its investment bankerr to negotiateany sale.
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