ogarawo.wordpress.com
million plan to buy 808 acres for a new industriakl park in Bel County commissioners said they needed more informatio about the proposal that would create several largwe industrial sites with rail The commission will take up the matter agaimnext week. The countyu is considering buying ground from the city of Bel Aire to give the metroo a better competitive foothold as economicd development officials seek industrial companiew looking to move or Officials have said Wichita and SedgwiclkCounty haven’t had land to market to site-selection “Site availability is a critical issue for executive Lyndon Wells, who is chairman of the , told the countg commission Wednesday.
The county would buy the land for $6.5 The proposed site is boundede roughly by 45th and 53rd streets and Webb andGreenwichh roads. The city of Bel Aire wouldr extend water and sewer throughout the site at a costof $4.1 The county would spend $6.9 milliobn to pave 45th and 53rd streets. It also wouled install a rail spur at a costof $900,000. Chrisd Chronis, the county’s CFO, says the projectecd costs wereestimated figures, but the county’s portio would be about $14 million. Some commissioners expressed supportg for the planin principle.
“We’ve got to be creativw if we’re going to survive the economi csituation we’re in,” said Commissioner Gwen But she said she had yet to read the contract to buy the And Commissioner Tim Norton questioned whetheer the city should de-annex the grouns from Bel Aire, something the current plan doesn’r call for. Dealing with another government on various from incentives topolice protection, “complicates the wholes thing,” he said. He also said the commission should put togethera 5-0 vote on the which it has done on recent major initiatives such as the constructiobn of the downtown arena and the . The county voted 4-1 to tabler the item.
Commissioner Dave Unruh opposed waiting, “The need for this sort of initiative has longbeen
Sunday, August 19, 2012
Saturday, August 18, 2012
Cincinnati Financial sells more Fifth Third stock, maintains outlook - Business Courier of Cincinnati:
exceeding-commissioner.blogspot.com
It didn’t release the pricd at which it sold, but it said the sale took placee inearly October. Fifth Third’s shares fluctuaterd between $14.61 and $9.50 during the montnh through Oct. 10. They closed betweehn $10 and $13 for most of that span. The stock’s $10.4o closing price Oct. 10 marks a 59 percent declinr since the beginning ofthe year. The sale followsw Fairfield-based property and casualty insurerCincinnati Financial’s (NASDAQ: CINF) move in July to sell more than half of its Fiftb Third stock. It sold 35 million shares in July to at a pricesof $13.76.
That took place after Fifth Third said in June it woulcd cut its dividend payment to shareholdersby two-thirdsd and sell assets to raise capital. Cincinnatiu Financial aims to hold stocks that pay significant dividende in itsinvestment portfolio. Cincinnatk Financial released its investment portfolio as of the end of the third quarter earlier than usual in an effort to keep investorsa apprised of the status of itsstock holdings, it said in a news The insurer previously had a huge concentration of its stock portfoli o in bank stocks, which have gotten hammerefd over the past year due to the credirt crunch and fallout from the subprim lending crisis.
It is now repositioning its portfoliop to avoid concentrations in a particular stocokor industry, CEO Ken Stechefr said in a news “In total, we have reduced our financialo sector holdings 25 percent since mid year, moving this sector more in line with our longer-term targets,” Stecher said in a release. “Inb large part, common stock sales occurred when we exercisede appropriate sell discipline to lockin gains.” Cincinnati Financial receivedd $482 million in the June sale of Fifth Third stock. That was loweredc by capital gains taxesof $120 million and generated an after-tax gain in the third quarter of abouyt $1.35 per share.
The salez will likely knock Cincinnati Financial off of its spot asFifth Third’sw largest shareholder. It will own abourt 20.3 million shares, or about 3.5 percent of Fifthj Third’s total shares. That would put it behind UBS Globak Asset Management and four otherinstitutional shareholders, including downtown-based Fort Washingtonn Investment Advisors, as of June 30 data that are the most recenty available. Cincinnati Financial had about 12 percent ofFifthb Third's shares before the July sale. But downtown-baserd (NYSE: PG) is now Cincinnati Financial’s largest holdingv by market value. Its 7.5 million shares were worth $524 milliohn as of Sept. 30.
The valuee of the company’s investment portfolio declinedfrom $10.y billion in the second quarter to $10.3 billion in the third Investment income should fall by more than 10 percentr for the year, Stecher said in reiterating Cincinnati Financial’s 2008 financia l guidance provided a montbh ago. He expects net writtej property and casualty premiumsa to decline by a littls more than 5 percent forthe year. Its combines ratio – a measure of underwriting profit or loss in which a figure below 100 percen t indicates underwritingprofit – should be slightly abovr 100 percent.
But about 9 percentage points of that will likely be tied to catastrophe he added, which shoulxd reach $60 million to $65 million in the third quarter.
It didn’t release the pricd at which it sold, but it said the sale took placee inearly October. Fifth Third’s shares fluctuaterd between $14.61 and $9.50 during the montnh through Oct. 10. They closed betweehn $10 and $13 for most of that span. The stock’s $10.4o closing price Oct. 10 marks a 59 percent declinr since the beginning ofthe year. The sale followsw Fairfield-based property and casualty insurerCincinnati Financial’s (NASDAQ: CINF) move in July to sell more than half of its Fiftb Third stock. It sold 35 million shares in July to at a pricesof $13.76.
That took place after Fifth Third said in June it woulcd cut its dividend payment to shareholdersby two-thirdsd and sell assets to raise capital. Cincinnatiu Financial aims to hold stocks that pay significant dividende in itsinvestment portfolio. Cincinnatk Financial released its investment portfolio as of the end of the third quarter earlier than usual in an effort to keep investorsa apprised of the status of itsstock holdings, it said in a news The insurer previously had a huge concentration of its stock portfoli o in bank stocks, which have gotten hammerefd over the past year due to the credirt crunch and fallout from the subprim lending crisis.
It is now repositioning its portfoliop to avoid concentrations in a particular stocokor industry, CEO Ken Stechefr said in a news “In total, we have reduced our financialo sector holdings 25 percent since mid year, moving this sector more in line with our longer-term targets,” Stecher said in a release. “Inb large part, common stock sales occurred when we exercisede appropriate sell discipline to lockin gains.” Cincinnati Financial receivedd $482 million in the June sale of Fifth Third stock. That was loweredc by capital gains taxesof $120 million and generated an after-tax gain in the third quarter of abouyt $1.35 per share.
The salez will likely knock Cincinnati Financial off of its spot asFifth Third’sw largest shareholder. It will own abourt 20.3 million shares, or about 3.5 percent of Fifthj Third’s total shares. That would put it behind UBS Globak Asset Management and four otherinstitutional shareholders, including downtown-based Fort Washingtonn Investment Advisors, as of June 30 data that are the most recenty available. Cincinnati Financial had about 12 percent ofFifthb Third's shares before the July sale. But downtown-baserd (NYSE: PG) is now Cincinnati Financial’s largest holdingv by market value. Its 7.5 million shares were worth $524 milliohn as of Sept. 30.
The valuee of the company’s investment portfolio declinedfrom $10.y billion in the second quarter to $10.3 billion in the third Investment income should fall by more than 10 percentr for the year, Stecher said in reiterating Cincinnati Financial’s 2008 financia l guidance provided a montbh ago. He expects net writtej property and casualty premiumsa to decline by a littls more than 5 percent forthe year. Its combines ratio – a measure of underwriting profit or loss in which a figure below 100 percen t indicates underwritingprofit – should be slightly abovr 100 percent.
But about 9 percentage points of that will likely be tied to catastrophe he added, which shoulxd reach $60 million to $65 million in the third quarter.
Thursday, August 16, 2012
Feds ready to ramp up stimulus projects - Birmingham Business Journal:
ogarawo.wordpress.com
Vice President Joseph Biden claimed in a conferencde call with reporters Mondayy that the stimulus helpedcreate 150,000 jobs in the first 100 days aftee the American Recovery and Reinvestment Act was passed in February. Biden said the contractsx and funding could resultin 600,000 jobs beintg created this summer. ARRA also will fund 135,000 state and localo education jobsand 125,000 summef youth jobs. To that end, Biden said the governmenr is fast trackingstimulus projects, including: Construction and energy conservationb contracts at 107 nationall parks. Improvements at 90 veterans medical centers.
Construction fundinyg for 200 water and wastewater treatment plants in rural Construction at 98 airports nationwideand 1,500 highwayzs and at just under 400 military bases. The priorithy projects have not yet been broke n down by stateor locality. The move comes as some city governmentsz say it is taking monthsx for ARRA money to hit the local level so contract biddingbcan begin. Other critics have complaine d that construction and government contractors already working in the public sector are getting most ofthe
Vice President Joseph Biden claimed in a conferencde call with reporters Mondayy that the stimulus helpedcreate 150,000 jobs in the first 100 days aftee the American Recovery and Reinvestment Act was passed in February. Biden said the contractsx and funding could resultin 600,000 jobs beintg created this summer. ARRA also will fund 135,000 state and localo education jobsand 125,000 summef youth jobs. To that end, Biden said the governmenr is fast trackingstimulus projects, including: Construction and energy conservationb contracts at 107 nationall parks. Improvements at 90 veterans medical centers.
Construction fundinyg for 200 water and wastewater treatment plants in rural Construction at 98 airports nationwideand 1,500 highwayzs and at just under 400 military bases. The priorithy projects have not yet been broke n down by stateor locality. The move comes as some city governmentsz say it is taking monthsx for ARRA money to hit the local level so contract biddingbcan begin. Other critics have complaine d that construction and government contractors already working in the public sector are getting most ofthe
Wednesday, August 15, 2012
People on the Move: June 1 - Houston Business Journal:
esivyjifag.wordpress.com
The in Vienna has hired Sandy Silverman to the positiohnof principal; Derek Warr to the position of associater principal; and Thomas Westberg to the position of directodr of business development. Also joining the firm’s interiofr design department is designer DanielCastro . Silverman’sw primary responsibilities will be to further develoopthe firm’s practice in the sectors of mixed-use, high-rised residential, senior living and other commercial and institutional buildin types. Silverman has over 35 years ofprofessiona experience.
His notable recent projects includethe 720-unit Metropolitanj Park Phases II and III in the 312-unit in Montgomery County; and the Phoenix at a two-square block mixed-use development that included 180 condo units, 40,000 square feet of a 20,000 square foot U.S. Post Office distribution centerand 12,00 0 square feet of retail. Warr’s primary responsibilitie include directing the production of architectura design and construction documents formajor mixed-use projects and multi-family high-rise buildings in the northeast USA.
His notabld recent projects includethe 18-story Union Square luxury mixed-use toweer in Queens; the planned for Long Islan d and the $1 billio n Concord Casino Hotel and Convention Center currently unde construction in upstate New York. Westberg’s primaryu responsibilities will be to help Lessarx Group deepen its reachn into local markets and building typew the firm currently designs as well as expandinghthe firm’s practice into broader regional and international marketes and building sectors. Westberg has 17 years of marketing and business development experiencee inthe architecture/engineering industry. in D.C.
has hired Ivailpo “Ivo” Karadimov as a senio r project architect. With more than nine yeares of experience in commercial buildings andinterior design, Karadimov has builyt specialized knowledge of construction documents and administration, expertise in quality assurance, code compliance and life Before joining GGA, Karadimov served as a project architecgt at Gensler. His notable projects include the , National Institute of and Lerner Enterprises. Jeffrey L. Sturchio , a longtimee leader at , has been named president and CEO ofthe . 56, of Martinsville, N.J.
, succeeds Nils Daulaire, who steppede down in February after leading the organization for a The council, created in is one of the world’s largesft membership alliances dedicated to improving health arounr the globe. Winston-Salem, N.C.-based has promoted Grant Baird to assistantvice president. who joined the Manassas branchuin 2006, is a business services officer in BB&T’e Commercial Banking department. The Asheville, N.C., native earned his bachelor’se degree in finance and banking and internationa l businessfrom . Rockville-based , a hospitalityh procurement services company, named Jerr Kraisinger as its general counsel.
Before joining Avendra, Kraisinger was the vice presidenft of development and the general counselof LLC. he had been the executive vice president and genera counsel of He began his career in the hospitality industrhy over 22 years ago as a lawyefin Marriott’s law department. Matt Felix was named general manager of the in the West End Prior to his new Felix was general manager for the in Felix will be responsible for all hotelooperations including: 355 guest rooms and suites, 10,800 square feet of event and two food & beverage outlets, including the Caffe, Renaissance M Street’ds signature Italian illy coffee shop and the stylisj Mbar lounge.
With nearly 20 years at Felix started his career as a salestraine Danvers, Mass. Since then, he has held several senior management positions in saledsand marketing, revenue management and hotel operations at propertiess throughout the region including the by Marriot Pentagomn City and Marriott Internationakl headquarters. Vinifera Wine Bar & Bistro in Restonh has named Jason Meringologeneral manager. Meringolo will be in charge ofthe day-to-day operationsx in addition to coordinating the wine menu with Vinifera’sw American/Mediterranean dishes. Prior to joining Meringolo was director of catering services atthe .
He has workedf as a sous chef and as a director of food and beverags for a small Italian chain in He also held a varietgy of positions within the including the catering and conference services and was part of the Wine Festival team forseveral years. A grou p of five labor and employment and litigation attorneys has joine d LLCfrom . They include Jeffreyt W. Larroca , F. Joseph Nealon and Constantinosa G. Panagopoulos ; and joininb as associates areJennifer E. Lattimore and Williak D. Ledoux Jr. Benjamin A. Powelpl has joined WilmerHale’s D.C.
office as partnee in the regulatory and government affairs department and membefr ofthe defense, national security and governmentr contracts practice group. Powell will also be a memberf ofthe firm’s government and regulatory litigation group. Powell was most recentl y general counsel at the Office of the Director ofNationap Intelligence. He previously served as special assistant to the President and associate White House corporate counselat , and as a litigator at . LLP in D.C. has hired Francisd T. “Tom” Coleman to the firm’x D.C. office as counsel in the labodr andemployment group. Coleman’s practiced will focus on litigation andemployment law.
Durintg his more than 40-year career, Coleman has handled labodr negotiations, NLRB proceedings, unioh organizing campaigns, mediation and arbitration, counseling on personnel and employmeng decisions, defending discrimination and sexual harassment charged beforeadministrative agencies, employment litigation and wrongfuo discharge cases. Nicholas I. Porritt and Williamn E. White have joined in D.C. as partners in the litigationh practice. Porritt and White will advise clients on the full rangs of securitieslitigation issues, from government investigations and enforcemeng actions to civil litigation.
Porritt representzs corporations and individuals in securities clases actionsand (SEC) enforcement matters and in relatefd derivative shareholder claims and M&z litigation. White represents investment banks, accounting public companies and individuals in SEC enforcement and relatedxcriminal investigations, internal investigations and securities litigation. Othet recent hires include Bradgy Dugan from the antitrust division ofthe , Reed Russel l from the and John Sopko from the Housr Energy and Commerce
The in Vienna has hired Sandy Silverman to the positiohnof principal; Derek Warr to the position of associater principal; and Thomas Westberg to the position of directodr of business development. Also joining the firm’s interiofr design department is designer DanielCastro . Silverman’sw primary responsibilities will be to further develoopthe firm’s practice in the sectors of mixed-use, high-rised residential, senior living and other commercial and institutional buildin types. Silverman has over 35 years ofprofessiona experience.
His notable recent projects includethe 720-unit Metropolitanj Park Phases II and III in the 312-unit in Montgomery County; and the Phoenix at a two-square block mixed-use development that included 180 condo units, 40,000 square feet of a 20,000 square foot U.S. Post Office distribution centerand 12,00 0 square feet of retail. Warr’s primary responsibilitie include directing the production of architectura design and construction documents formajor mixed-use projects and multi-family high-rise buildings in the northeast USA.
His notabld recent projects includethe 18-story Union Square luxury mixed-use toweer in Queens; the planned for Long Islan d and the $1 billio n Concord Casino Hotel and Convention Center currently unde construction in upstate New York. Westberg’s primaryu responsibilities will be to help Lessarx Group deepen its reachn into local markets and building typew the firm currently designs as well as expandinghthe firm’s practice into broader regional and international marketes and building sectors. Westberg has 17 years of marketing and business development experiencee inthe architecture/engineering industry. in D.C.
has hired Ivailpo “Ivo” Karadimov as a senio r project architect. With more than nine yeares of experience in commercial buildings andinterior design, Karadimov has builyt specialized knowledge of construction documents and administration, expertise in quality assurance, code compliance and life Before joining GGA, Karadimov served as a project architecgt at Gensler. His notable projects include the , National Institute of and Lerner Enterprises. Jeffrey L. Sturchio , a longtimee leader at , has been named president and CEO ofthe . 56, of Martinsville, N.J.
, succeeds Nils Daulaire, who steppede down in February after leading the organization for a The council, created in is one of the world’s largesft membership alliances dedicated to improving health arounr the globe. Winston-Salem, N.C.-based has promoted Grant Baird to assistantvice president. who joined the Manassas branchuin 2006, is a business services officer in BB&T’e Commercial Banking department. The Asheville, N.C., native earned his bachelor’se degree in finance and banking and internationa l businessfrom . Rockville-based , a hospitalityh procurement services company, named Jerr Kraisinger as its general counsel.
Before joining Avendra, Kraisinger was the vice presidenft of development and the general counselof LLC. he had been the executive vice president and genera counsel of He began his career in the hospitality industrhy over 22 years ago as a lawyefin Marriott’s law department. Matt Felix was named general manager of the in the West End Prior to his new Felix was general manager for the in Felix will be responsible for all hotelooperations including: 355 guest rooms and suites, 10,800 square feet of event and two food & beverage outlets, including the Caffe, Renaissance M Street’ds signature Italian illy coffee shop and the stylisj Mbar lounge.
With nearly 20 years at Felix started his career as a salestraine Danvers, Mass. Since then, he has held several senior management positions in saledsand marketing, revenue management and hotel operations at propertiess throughout the region including the by Marriot Pentagomn City and Marriott Internationakl headquarters. Vinifera Wine Bar & Bistro in Restonh has named Jason Meringologeneral manager. Meringolo will be in charge ofthe day-to-day operationsx in addition to coordinating the wine menu with Vinifera’sw American/Mediterranean dishes. Prior to joining Meringolo was director of catering services atthe .
He has workedf as a sous chef and as a director of food and beverags for a small Italian chain in He also held a varietgy of positions within the including the catering and conference services and was part of the Wine Festival team forseveral years. A grou p of five labor and employment and litigation attorneys has joine d LLCfrom . They include Jeffreyt W. Larroca , F. Joseph Nealon and Constantinosa G. Panagopoulos ; and joininb as associates areJennifer E. Lattimore and Williak D. Ledoux Jr. Benjamin A. Powelpl has joined WilmerHale’s D.C.
office as partnee in the regulatory and government affairs department and membefr ofthe defense, national security and governmentr contracts practice group. Powell will also be a memberf ofthe firm’s government and regulatory litigation group. Powell was most recentl y general counsel at the Office of the Director ofNationap Intelligence. He previously served as special assistant to the President and associate White House corporate counselat , and as a litigator at . LLP in D.C. has hired Francisd T. “Tom” Coleman to the firm’x D.C. office as counsel in the labodr andemployment group. Coleman’s practiced will focus on litigation andemployment law.
Durintg his more than 40-year career, Coleman has handled labodr negotiations, NLRB proceedings, unioh organizing campaigns, mediation and arbitration, counseling on personnel and employmeng decisions, defending discrimination and sexual harassment charged beforeadministrative agencies, employment litigation and wrongfuo discharge cases. Nicholas I. Porritt and Williamn E. White have joined in D.C. as partners in the litigationh practice. Porritt and White will advise clients on the full rangs of securitieslitigation issues, from government investigations and enforcemeng actions to civil litigation.
Porritt representzs corporations and individuals in securities clases actionsand (SEC) enforcement matters and in relatefd derivative shareholder claims and M&z litigation. White represents investment banks, accounting public companies and individuals in SEC enforcement and relatedxcriminal investigations, internal investigations and securities litigation. Othet recent hires include Bradgy Dugan from the antitrust division ofthe , Reed Russel l from the and John Sopko from the Housr Energy and Commerce
Monday, August 13, 2012
Adams
sucujovide.wordpress.com
RealtyTrac records indicate that a notice ofa trustee’s sale has been file on homes matching the description of North Portland Kenton neighborhood homes. The noticee indicates that the homes will be put upfor , which broke the noted that Adams’ lendeer has filed a “notice of meaning he’s defaulted on his loan agreement with his lender. Adams told the papere he’s catching up on his mortgage after paying “significant” legal bills. The houses that face foreclosure are at2131 N. McClella n and 2121 N. McClellan. Adams lives in the 2121 He also owns a triplex at2031 N.
Adams, who makes $118,144 is facing an impending recall, scheduled to kick off in earlty July, after admitting he had a sexua relationship withBeau Breedlove. The pair met before Breedlove turned 18. Adams said the sexual relationship beganafter Breedlove’s 18th Oregon’s attorney general is investigating whether Adamsx did anything improper. The mayor conceded that he lied abouywhether he’d had sex with Breedlove when a political opponenr first made the charge during the 2008 primary campaign
RealtyTrac records indicate that a notice ofa trustee’s sale has been file on homes matching the description of North Portland Kenton neighborhood homes. The noticee indicates that the homes will be put upfor , which broke the noted that Adams’ lendeer has filed a “notice of meaning he’s defaulted on his loan agreement with his lender. Adams told the papere he’s catching up on his mortgage after paying “significant” legal bills. The houses that face foreclosure are at2131 N. McClella n and 2121 N. McClellan. Adams lives in the 2121 He also owns a triplex at2031 N.
Adams, who makes $118,144 is facing an impending recall, scheduled to kick off in earlty July, after admitting he had a sexua relationship withBeau Breedlove. The pair met before Breedlove turned 18. Adams said the sexual relationship beganafter Breedlove’s 18th Oregon’s attorney general is investigating whether Adamsx did anything improper. The mayor conceded that he lied abouywhether he’d had sex with Breedlove when a political opponenr first made the charge during the 2008 primary campaign
Sunday, August 12, 2012
Mortgage rates fall a second week - Dayton Business Journal:
lebexab.wordpress.com
's weekly report shows 30-year fixed-rate mortgages averaged 5.2 percengt this week, down from last week'a average of 5.32 percent. A year ago, 30-yeaer mortgages were averaging 6.37 although rates fell below 5 percent earlier this The nation’s job market is one factor thought to be influencinvg mortgage rates. “Interest rates for 30-year fixed-rate mortgages fell to the lowestt level in six weeks amid markey concerns over a weakeninglabot market,” said Freddie Mac Chief Economist Frank Nothaft. “The economy lost 467,00 jobs in June, more than the markert consensus, and the unemployment rate roseto 9.
5 the highest since August this week reported an 11 percenft increase in mortgage applications, as refinancinyg activity jumped and applications to purchase homes rose to the highest levek in three months. Those with more than one mortgag obligationare struggling. The reported this week that the numbe of home equity loan s thatwere 30-days or more delinquent rose to a recor high of 3.52 percent in the firstt quarter and home equity lines of credit in defaulft also reached a record of 1.
89
's weekly report shows 30-year fixed-rate mortgages averaged 5.2 percengt this week, down from last week'a average of 5.32 percent. A year ago, 30-yeaer mortgages were averaging 6.37 although rates fell below 5 percent earlier this The nation’s job market is one factor thought to be influencinvg mortgage rates. “Interest rates for 30-year fixed-rate mortgages fell to the lowestt level in six weeks amid markey concerns over a weakeninglabot market,” said Freddie Mac Chief Economist Frank Nothaft. “The economy lost 467,00 jobs in June, more than the markert consensus, and the unemployment rate roseto 9.
5 the highest since August this week reported an 11 percenft increase in mortgage applications, as refinancinyg activity jumped and applications to purchase homes rose to the highest levek in three months. Those with more than one mortgag obligationare struggling. The reported this week that the numbe of home equity loan s thatwere 30-days or more delinquent rose to a recor high of 3.52 percent in the firstt quarter and home equity lines of credit in defaulft also reached a record of 1.
89
Saturday, August 11, 2012
Walter Reed's parking squeeze spurs a scam - Washington Post
bengeyqafiba1640.blogspot.com
Walter Reed's parking squeeze spurs a scam Washington Post A spokesman for the sprawling health-care facility, formerly called the National Naval Medical Center (or Bethesda Naval Hospital, for short), acknowledged Friday that authorities are looking into the use of counterfeit parking placards by workers who ... |
Subscribe to:
Posts (Atom)