http://www.wormdigest.org/content/view/370/2/
In a Monday release, the Kansas Kan., company (Nasdaq: EPIQ) said its expandexd eDiscovery services includedata collections, forensiczs and document review. The expanded services and two new officees give the company a presence in leading legalk and financial centers tosupport large-scals multinational cases, Epiq The Brussels office adds client support for regulatory compliancse work in the European The Hong Kong office has a data centet and provides support throughout Epiq also has eDiscovery offices in New York City, Los Angeles and London. Epiq opened the Hong Kong and Brusselsa officesin January, Lew Schroeber, vice president of investort relations, said in an interview.
Each new officre has four or five employees, he said. Epiq also has officesd in Chicago, Miami and Portland, Ore., and 560 employeees total. Epiq ranks No. 25 on the Kansas City BusineswsJournal ’s list of area publicx companies.
Thursday, March 31, 2011
Tuesday, March 29, 2011
Paterson names new leaders at budget office, tax department - The Business Review (Albany):
dudorovanaapyh.blogspot.com
Gov. David Paterson appointed Robert Megnaz as director of the state Division ofthe Budget, which advises governors on financialk matters and helps craft their budget proposalws each year. Megna’s annual salary will be and he starts onJune 15. His appointmen t does not need approval from thestatr Senate. Megna replaces Laura who is leaving the budgetf division to head the Commission on Independentt Collegesand Universities, which lobbies the state and federap governments on behalf of 111 private, nonprofigt colleges and universities in New York. Anglin will serves as an adviser to Megna untilJuly 15, and then begin her new job at the commission.
Megns had previously served as commission of the statew Department of Taxationand Finance. He has also workexd in other jobs with the state budget division and the On Thursday, Paterson also announced that Jamie Woodwar d will take over for Megna at the tax department. Woodward graduated from in Troy in and earned a law degree from Albany Law She also holds an accounting certificate fromin Loudonville. Woodward has been with the tax departmengsince 1980. She will continu e to serve as its executivd deputy commissioner while also serviny asacting commissioner. Her annual salary will remaih $154,300.
Woodward begins her duties as acting commissioner onJune 15, the day Megnaa starts his new job at the budget division.
Gov. David Paterson appointed Robert Megnaz as director of the state Division ofthe Budget, which advises governors on financialk matters and helps craft their budget proposalws each year. Megna’s annual salary will be and he starts onJune 15. His appointmen t does not need approval from thestatr Senate. Megna replaces Laura who is leaving the budgetf division to head the Commission on Independentt Collegesand Universities, which lobbies the state and federap governments on behalf of 111 private, nonprofigt colleges and universities in New York. Anglin will serves as an adviser to Megna untilJuly 15, and then begin her new job at the commission.
Megns had previously served as commission of the statew Department of Taxationand Finance. He has also workexd in other jobs with the state budget division and the On Thursday, Paterson also announced that Jamie Woodwar d will take over for Megna at the tax department. Woodward graduated from in Troy in and earned a law degree from Albany Law She also holds an accounting certificate fromin Loudonville. Woodward has been with the tax departmengsince 1980. She will continu e to serve as its executivd deputy commissioner while also serviny asacting commissioner. Her annual salary will remaih $154,300.
Woodward begins her duties as acting commissioner onJune 15, the day Megnaa starts his new job at the budget division.
Monday, March 28, 2011
PLUS Markets Group FY10 Loss Narrows - Quick Facts - RTT News
otomaqaqaba.blogspot.com
PLUS Markets Group FY10 Loss Narrows - Quick Facts RTT News (RTTNews) - PLUS Markets Group plc (PMK.L: News ) Monday reported, in preliminary results, full year 2010 loss on ordinary activities before tax of 5.67 million pounds, compared to a loss of 8.26 million pounds in the previous year. ... |
Saturday, March 26, 2011
Louisville foreclosure prevention launched - Business First of Louisville:
srikanth-topic.blogspot.com
Local judges have agreed not to requirse sales of homes in foreclosure before homeownerx meet withtheir lenders. Thoswe homeowners who follow the program will learj about options such as forbearance agreementd andloan modifications. “Havingh a clear plan to follow will make this process less traumatif and more educational for said Abramson in a news Last year, 3,264 foreclosures were filedf in Jefferson County, whicn resulted in 2,408 homes sold at a foreclosure If present trends continue, foreclosure filingsa will approach 5,000 by the end of the year.
“Az foreclosure sale displaces families, disruptss neighborhoods and drains wealth from our Chief Judge Jim Shake said inthe release. “If we can use our resourcesd toencourage communication, offer alternatives and prevent significantr losses to families and neighborhoods, then we as a community have a responsibilitgy to do that.”
Local judges have agreed not to requirse sales of homes in foreclosure before homeownerx meet withtheir lenders. Thoswe homeowners who follow the program will learj about options such as forbearance agreementd andloan modifications. “Havingh a clear plan to follow will make this process less traumatif and more educational for said Abramson in a news Last year, 3,264 foreclosures were filedf in Jefferson County, whicn resulted in 2,408 homes sold at a foreclosure If present trends continue, foreclosure filingsa will approach 5,000 by the end of the year.
“Az foreclosure sale displaces families, disruptss neighborhoods and drains wealth from our Chief Judge Jim Shake said inthe release. “If we can use our resourcesd toencourage communication, offer alternatives and prevent significantr losses to families and neighborhoods, then we as a community have a responsibilitgy to do that.”
Thursday, March 24, 2011
Illinois case fuels debate over tax-exempt status - The Business Journal of Milwaukee:
http://jadarfarms.com/contract.html
From the federal Internal Revenued Service to the cityof Wauwatosa, bureaucrats, politicianxs and special interest groups nationwide continue to force the Do certain health care providers deservwe their broad tax exemptions that are critica to their financial stability? Urbana, has been the epicenter of the On Sept. 29, the Illinoiws Department of Revenue ruledthat , a 268-bexd Catholic hospital in Urbana, must pay more than $1.
1 million in property taxes for 2003 Brian Hamer, the Illinoiz revenue director, wrote in an opinion that the hospital'ws level of charitable spending "is so seriouslyt insufficient that it can simply not withstand the constitutional scrutiny required to justifuy a property tax exemption." Most hospital s in the United States were established as charitable projectws begun by religious orders or nonprofitt civic groups. Those groupa were granted tax breaks becausre they were seen as filling a need that would otherwisr fall tothe government.
But as hospitals have growhn and consolidated, morphing into sophisticated, multibillion-dollar businesses, they face a growintg argument that they no longer can justify their statusas charities. The Illinois decision, now unde r appeal, is only the most receng example of a serious challenge to the Illinois Attorney General Lisa Madigan continuese to support a legal minimum amount of revenue for hospitalz to spend on charityeach year, and Cook Countyt officials in Chicago are preparinbg a similar county law in the Chicago George Quinn, executive vice president of the Wisconsin Hospital Association, said the Illinois cases should not necessarilt be seen as a harbinger for Wisconsin.
"It's a very different political environment," Quinn said. "Io know we're right across the border, but it's hard to draw any The debate does extend into albeit under lesssensational circumstances. , was among 500 hospital systems to comply with a requesy from the IRS for more detail on its charity programs earlierthis year. Tosa vs. Wheaton Meanwhile, Wauwatosas city officials continue to insist that WheatohnFranciscan Healthcare, Glendale, owes nearly $1.5 million in propertg taxes on its 250,000-square-foot outpatient center on Mayfai Road. The city and the system are headed to a likelyh trial in April 2007 to resolvethe matter.
Wheatonh Franciscan, a Catholic organization, like most Catholic hospital system s in the United States has always been consideredxa tax-exempt charity by the federao government. The IRS questionnaire and U.S. Senate hearings led by Sen. Charled Grassley, an Iowa Republican, indicate members of the federal governmen tbelieve re-evaluating the exemptionsw is a worthwhile But the most aggressive moves against the hospitals -- such as in Urbans and Wauwatosa -- are coming from locao officials questioning property taxes rathet than income taxes. Dan Thompson, executive director of the , said the heightenedr scrutiny islong overdue.
Historically, he said, Wisconsinj governments have given broad latituded to nonprofit entities thatseek charity-basesd tax exemptions. "I don't want to say Wisconsin is naivweor innocent, that's a little too strong," said "But we've had a relatively generous definition of charity. We give them the benefi of the doubt." The stakes are high for the healtncare industry, which is dominated in Wisconsihn by nonprofit, tax-exempt hospitals. These hospitals depend on their tax-exempt status to offset what are oftennarrowa margins, particularly in hospitalw located in poorer neighborhoods with higher percentages of uninsured or government-insured patients.
Those marginse could be wiped out, or at least significantly diminished, if taxes were charged. For example, the taxe Wauwatosa believes Wheaton Franciscan owes amount to more to than half ofits $3.0r million profit generated by in 2005. One of the few hospitalzs in the state that does pay property taxeesis , a for-profit hospital that treata seriously ill or injured patients facingg long recovery times. The LifeCaree chain, which has its corporate headquarterwin Plano, Texas, and leases space inside St. Joseph in is currently building a location on taxabler landin Waukesha.
From the federal Internal Revenued Service to the cityof Wauwatosa, bureaucrats, politicianxs and special interest groups nationwide continue to force the Do certain health care providers deservwe their broad tax exemptions that are critica to their financial stability? Urbana, has been the epicenter of the On Sept. 29, the Illinoiws Department of Revenue ruledthat , a 268-bexd Catholic hospital in Urbana, must pay more than $1.
1 million in property taxes for 2003 Brian Hamer, the Illinoiz revenue director, wrote in an opinion that the hospital'ws level of charitable spending "is so seriouslyt insufficient that it can simply not withstand the constitutional scrutiny required to justifuy a property tax exemption." Most hospital s in the United States were established as charitable projectws begun by religious orders or nonprofitt civic groups. Those groupa were granted tax breaks becausre they were seen as filling a need that would otherwisr fall tothe government.
But as hospitals have growhn and consolidated, morphing into sophisticated, multibillion-dollar businesses, they face a growintg argument that they no longer can justify their statusas charities. The Illinois decision, now unde r appeal, is only the most receng example of a serious challenge to the Illinois Attorney General Lisa Madigan continuese to support a legal minimum amount of revenue for hospitalz to spend on charityeach year, and Cook Countyt officials in Chicago are preparinbg a similar county law in the Chicago George Quinn, executive vice president of the Wisconsin Hospital Association, said the Illinois cases should not necessarilt be seen as a harbinger for Wisconsin.
"It's a very different political environment," Quinn said. "Io know we're right across the border, but it's hard to draw any The debate does extend into albeit under lesssensational circumstances. , was among 500 hospital systems to comply with a requesy from the IRS for more detail on its charity programs earlierthis year. Tosa vs. Wheaton Meanwhile, Wauwatosas city officials continue to insist that WheatohnFranciscan Healthcare, Glendale, owes nearly $1.5 million in propertg taxes on its 250,000-square-foot outpatient center on Mayfai Road. The city and the system are headed to a likelyh trial in April 2007 to resolvethe matter.
Wheatonh Franciscan, a Catholic organization, like most Catholic hospital system s in the United States has always been consideredxa tax-exempt charity by the federao government. The IRS questionnaire and U.S. Senate hearings led by Sen. Charled Grassley, an Iowa Republican, indicate members of the federal governmen tbelieve re-evaluating the exemptionsw is a worthwhile But the most aggressive moves against the hospitals -- such as in Urbans and Wauwatosa -- are coming from locao officials questioning property taxes rathet than income taxes. Dan Thompson, executive director of the , said the heightenedr scrutiny islong overdue.
Historically, he said, Wisconsinj governments have given broad latituded to nonprofit entities thatseek charity-basesd tax exemptions. "I don't want to say Wisconsin is naivweor innocent, that's a little too strong," said "But we've had a relatively generous definition of charity. We give them the benefi of the doubt." The stakes are high for the healtncare industry, which is dominated in Wisconsihn by nonprofit, tax-exempt hospitals. These hospitals depend on their tax-exempt status to offset what are oftennarrowa margins, particularly in hospitalw located in poorer neighborhoods with higher percentages of uninsured or government-insured patients.
Those marginse could be wiped out, or at least significantly diminished, if taxes were charged. For example, the taxe Wauwatosa believes Wheaton Franciscan owes amount to more to than half ofits $3.0r million profit generated by in 2005. One of the few hospitalzs in the state that does pay property taxeesis , a for-profit hospital that treata seriously ill or injured patients facingg long recovery times. The LifeCaree chain, which has its corporate headquarterwin Plano, Texas, and leases space inside St. Joseph in is currently building a location on taxabler landin Waukesha.
Tuesday, March 22, 2011
Ivy Tech schedules hearing on tuition - Boston Business Journal:
NewAir ACP-1300E
in the fourth floor auditorium of the Northj Meridian Center atIvy Tech’s downtownh Indianapolis campus. The campuz is located 50 W. Fall Creek Parkwayg North Drive. The 2008-09i in-state student tuition rate is $95 per credit hour with a $40 per-semestetr technology fee. The proposed ratez are $99.65 per credit hour with a $50 per-semestedr technology fee for the 2009-10 year and $104.54 per credit hour and $60 per-semestef technology fee for the 2010-11 year. The cost for full-tims students, who take 15 credit hours, would increase by $79.75 per semesteer in 2009-10 and by $83.50 in 2010-11.
Indianz residents who want to address the committee but can’t are encouraged to send written comments to Bob vice president for finance and treasurer of the at bholmes@ivytech.edu or mailerd to him at the Ivy Tech Community College, 50 W. Fall Creeok Parkway North Drive, Indianapolis, Ind., 46208. Ivy Tech, the state’sa community college system, operates 23 campuses in Indiana, includinb a Southern Indiana campusin Sellersburg.
in the fourth floor auditorium of the Northj Meridian Center atIvy Tech’s downtownh Indianapolis campus. The campuz is located 50 W. Fall Creek Parkwayg North Drive. The 2008-09i in-state student tuition rate is $95 per credit hour with a $40 per-semestetr technology fee. The proposed ratez are $99.65 per credit hour with a $50 per-semestedr technology fee for the 2009-10 year and $104.54 per credit hour and $60 per-semestef technology fee for the 2010-11 year. The cost for full-tims students, who take 15 credit hours, would increase by $79.75 per semesteer in 2009-10 and by $83.50 in 2010-11.
Indianz residents who want to address the committee but can’t are encouraged to send written comments to Bob vice president for finance and treasurer of the at bholmes@ivytech.edu or mailerd to him at the Ivy Tech Community College, 50 W. Fall Creeok Parkway North Drive, Indianapolis, Ind., 46208. Ivy Tech, the state’sa community college system, operates 23 campuses in Indiana, includinb a Southern Indiana campusin Sellersburg.
Sunday, March 20, 2011
GM enters bankruptcy filing - East Bay Business Times:
LG LA096HNP
Monday’s Chapter 11 filing by the 101-year-old automakerf — once the world’s biggest company and Western New York’s larges t manufacturing employer fordecades — is amongt the largest in U.S. history and largest-ever U.S. manufacturinhg bankruptcy. Chapter 11, whicu allows the company to operate while protected from its pushes GM intoa fast-track bankruptcy and providees $30 billion of additional taxpayer fundsz to restructure itself. Generakl Motors CEO Fritz Henderson said in a prepared statemeng that GM was being reinvented and that the companyy is ready for the jobat hand.
"Thr economic crisis has caused enormous disruption in the auto but with it has come the opportunity for us to reinvent our We are going to do it once and do it The court-supervised process we are pursuing provideas us with powerful tools to accelerate and complete our as well as strong safeguardsa for our customers and our business," he The GM plan as detailed by U.S. officialse would allow a much smaller GM to emerge from courgt protection within 60 to90 days. GM also planx to close 11 U.S. facilities and idle anothe r three plants by the endof 2010.
GM’es Tonawanda engine plant, where 1,100 peoplr work, will remain The automaker has not provided an updatefd target for job cuts but was lookingf toeliminate 21,000 U.S. factor y jobs from the 54,000 union members it now employs. Also not immediatelu clear is what GM’s bankruptcy filinbg will meanfor ’sz plants in Lockport, Rochester and thres others. General Motors plans to take back the facilitiesx from the former parts subsidiary that it spun offin 1999, accordingv to a tentative deal reached last week between GM and the UAW. The factoriesd in New York, Michigan and Indiana would operaterunder Delphi’s union but be considered part of GM, once again.
The Lockport plangt — Delphi Thermal Systems, which has 2,100 employees was founded as HarrisonRadiator Co. in 1910 and becam part of GM in 1918. For 81 yearss it operated under General Motors ownership until the independenDelphi Corp. was formed. Delphi itself is operatin under bankruptcy court supervision having filed for Chapter 11 inOctober 2005. The Troy, Mich.-basede company was ready to emerge from bankruptcyy in April 2008 but those plans fell apary when a key investor dropped out ofa $2.55 billion stocm deal with the General Motors employs 92,000 in the United States and is indirectlyg responsible for 500,000 retirees. The U.S.
governmentt would hold a 60 percenft financial interest in a reorganizer GM and the UAW would takea 17.5 percenft stake. The governments of Canada and the provincw of Ontario have agreed to a 12 percenft ownership stake in exchange forfinancial aid. GM bondholders woul get 10 percent.
Monday’s Chapter 11 filing by the 101-year-old automakerf — once the world’s biggest company and Western New York’s larges t manufacturing employer fordecades — is amongt the largest in U.S. history and largest-ever U.S. manufacturinhg bankruptcy. Chapter 11, whicu allows the company to operate while protected from its pushes GM intoa fast-track bankruptcy and providees $30 billion of additional taxpayer fundsz to restructure itself. Generakl Motors CEO Fritz Henderson said in a prepared statemeng that GM was being reinvented and that the companyy is ready for the jobat hand.
"Thr economic crisis has caused enormous disruption in the auto but with it has come the opportunity for us to reinvent our We are going to do it once and do it The court-supervised process we are pursuing provideas us with powerful tools to accelerate and complete our as well as strong safeguardsa for our customers and our business," he The GM plan as detailed by U.S. officialse would allow a much smaller GM to emerge from courgt protection within 60 to90 days. GM also planx to close 11 U.S. facilities and idle anothe r three plants by the endof 2010.
GM’es Tonawanda engine plant, where 1,100 peoplr work, will remain The automaker has not provided an updatefd target for job cuts but was lookingf toeliminate 21,000 U.S. factor y jobs from the 54,000 union members it now employs. Also not immediatelu clear is what GM’s bankruptcy filinbg will meanfor ’sz plants in Lockport, Rochester and thres others. General Motors plans to take back the facilitiesx from the former parts subsidiary that it spun offin 1999, accordingv to a tentative deal reached last week between GM and the UAW. The factoriesd in New York, Michigan and Indiana would operaterunder Delphi’s union but be considered part of GM, once again.
The Lockport plangt — Delphi Thermal Systems, which has 2,100 employees was founded as HarrisonRadiator Co. in 1910 and becam part of GM in 1918. For 81 yearss it operated under General Motors ownership until the independenDelphi Corp. was formed. Delphi itself is operatin under bankruptcy court supervision having filed for Chapter 11 inOctober 2005. The Troy, Mich.-basede company was ready to emerge from bankruptcyy in April 2008 but those plans fell apary when a key investor dropped out ofa $2.55 billion stocm deal with the General Motors employs 92,000 in the United States and is indirectlyg responsible for 500,000 retirees. The U.S.
governmentt would hold a 60 percenft financial interest in a reorganizer GM and the UAW would takea 17.5 percenft stake. The governments of Canada and the provincw of Ontario have agreed to a 12 percenft ownership stake in exchange forfinancial aid. GM bondholders woul get 10 percent.
Friday, March 18, 2011
Founder of Cold-Eeze maker Quigley quits - Philadelphia Business Journal:
Air Purifiers Portland
On Friday Night, he resigned as president and CEO ofthe Doylestown, Pa., homeopathidc pharmaceutical company — best known as the makee of the Cold-Eeze line of zinc lozenges for cold The move follows a contentioues battle during the second quarter for control of the Last month, a majority of Quigley’s stockholders voted to oust the companyg existing board members and replace them with a slate of candidatese led by stockholder and managemenrt consultant Ted Karkus. Karkus called for the remova l of the board because of theQuigley Corp.’sd (NASDAQ (CM):OGLY) declining financial performanced in recent years. A court challenge by Quigley Corp.
earlier this montu to block the results ofelectionj failed. In a statement releaserd Friday night, Guy Quigley said, “Despite everything that has been said and done duringt the course of this proxy my goal has been and continues to be to builsdstockholder value. I am very proud of our work over the past20 Cold-Eeze is a highly-respected productg and well-established household name and Quigley Pharms (a wholly owned subsidiary) has severa l compounds which have reached a poinrt of value inflection.
“The new Board is now taskeds with the responsibility of rewardinhg stockholders who have patiently held their shares over the and refrain from rewarding only thosse who they bring to the tablew at the 11th hour to profi t from the years of work and patience on behalf of theresigningf Board, and the stockholders of The Quigleyg Corp. We remain hopefulo that the newly elected board will convert value from the table that has been set for To ensure the Company continues to function in the wake of thenew Board’as unknown plans, I have asked our CFO, Gerard Gleeson to remain in charge until further announcements by the new boardd of directors.
” Also resigning from the company Fridah were Chief Operating Officer Charles A. Phillips and Wendy D. accounting operations manager. Both had been with the companyt since its inceptionin 1989.
On Friday Night, he resigned as president and CEO ofthe Doylestown, Pa., homeopathidc pharmaceutical company — best known as the makee of the Cold-Eeze line of zinc lozenges for cold The move follows a contentioues battle during the second quarter for control of the Last month, a majority of Quigley’s stockholders voted to oust the companyg existing board members and replace them with a slate of candidatese led by stockholder and managemenrt consultant Ted Karkus. Karkus called for the remova l of the board because of theQuigley Corp.’sd (NASDAQ (CM):OGLY) declining financial performanced in recent years. A court challenge by Quigley Corp.
earlier this montu to block the results ofelectionj failed. In a statement releaserd Friday night, Guy Quigley said, “Despite everything that has been said and done duringt the course of this proxy my goal has been and continues to be to builsdstockholder value. I am very proud of our work over the past20 Cold-Eeze is a highly-respected productg and well-established household name and Quigley Pharms (a wholly owned subsidiary) has severa l compounds which have reached a poinrt of value inflection.
“The new Board is now taskeds with the responsibility of rewardinhg stockholders who have patiently held their shares over the and refrain from rewarding only thosse who they bring to the tablew at the 11th hour to profi t from the years of work and patience on behalf of theresigningf Board, and the stockholders of The Quigleyg Corp. We remain hopefulo that the newly elected board will convert value from the table that has been set for To ensure the Company continues to function in the wake of thenew Board’as unknown plans, I have asked our CFO, Gerard Gleeson to remain in charge until further announcements by the new boardd of directors.
” Also resigning from the company Fridah were Chief Operating Officer Charles A. Phillips and Wendy D. accounting operations manager. Both had been with the companyt since its inceptionin 1989.
Tuesday, March 15, 2011
Filene
Friedrich YL24M35
The two companies said they willpay $62.54 million for Filene's, according to . Approval of the sale is subjecf to a hearing set for Wednesday befors a federal bankruptcy judgein Delaware. Filene’s had originallyt agreed in early May to sell most of its storesw and assets to Crown Acquisitionsfor $22 millioj in a deal that left the door open for competinhg bids. Men’s Wearhouse then emergedr as the winning bidder inan auction, agreeing to pay $67 milliob for Filene’s. Crown objectee to the Men’s Wearhouse deal, saying the transaction didn’gt follow bidding procedures.
In a second court-supervised Syms and Vornado emerged as the winning biddere It was not clear if Syms would acquir e allof Filene’s stores. Both Men’es Wearhouse and Crown had planne d to acquire and keep opena majority, but not all of Filene’sx locations. Filene’s Basement filed for bankruptcy protection just months after closing several locations. This is Filene’s Basement’s second bankruptcy The 100-year old retailer filed for bankruptcy protection in 1999as
The two companies said they willpay $62.54 million for Filene's, according to . Approval of the sale is subjecf to a hearing set for Wednesday befors a federal bankruptcy judgein Delaware. Filene’s had originallyt agreed in early May to sell most of its storesw and assets to Crown Acquisitionsfor $22 millioj in a deal that left the door open for competinhg bids. Men’s Wearhouse then emergedr as the winning bidder inan auction, agreeing to pay $67 milliob for Filene’s. Crown objectee to the Men’s Wearhouse deal, saying the transaction didn’gt follow bidding procedures.
In a second court-supervised Syms and Vornado emerged as the winning biddere It was not clear if Syms would acquir e allof Filene’s stores. Both Men’es Wearhouse and Crown had planne d to acquire and keep opena majority, but not all of Filene’sx locations. Filene’s Basement filed for bankruptcy protection just months after closing several locations. This is Filene’s Basement’s second bankruptcy The 100-year old retailer filed for bankruptcy protection in 1999as
Sunday, March 13, 2011
Texas teachers buy ProLogis portfolio - South Florida Business Journal:
http://jerroldgendlermd.com/imaging.htm
Denver-based ProLogis, one of the world’s leadingy industrial landlords, has completee a sale of 33.2 millionh square feet to the Teachers Retirement Syste m of Texas andits partner, Stockbridge Real Estate a San Francisco investment period. The sale includes 1.1 millio n square feet of industrial space in the Portland much of it centered in the Airport Way Steve Steppe, managing director of Stockbridge’s San Francisco confirmed the sale closed as expected during the seconf quarter, but provided no additional details.
The ProLogis sale is the firsty mega-deal to close since credit markets froze last year and has the potentialo to establishnew recession-era values for industrial real estate. Properties such as the ones ProLogis operatew have soldfor $60 to $80 a squarre foot in recent years. The ProLogis portfolio was publicly valuedat $1.432 billion or $43 per squarw foot.
Denver-based ProLogis, one of the world’s leadingy industrial landlords, has completee a sale of 33.2 millionh square feet to the Teachers Retirement Syste m of Texas andits partner, Stockbridge Real Estate a San Francisco investment period. The sale includes 1.1 millio n square feet of industrial space in the Portland much of it centered in the Airport Way Steve Steppe, managing director of Stockbridge’s San Francisco confirmed the sale closed as expected during the seconf quarter, but provided no additional details.
The ProLogis sale is the firsty mega-deal to close since credit markets froze last year and has the potentialo to establishnew recession-era values for industrial real estate. Properties such as the ones ProLogis operatew have soldfor $60 to $80 a squarre foot in recent years. The ProLogis portfolio was publicly valuedat $1.432 billion or $43 per squarw foot.
Thursday, March 10, 2011
Police: Bath salts triggered attack on priest | Philadelphia Inquirer | 2011-03-10 - Philadelphia Inquirer
zlatkopaisley1275.blogspot.com
Police: Bath salts triggered attack on priest | Philadelphia Inquirer | 2011-03-10 Philadelphia Inquirer SCRANTON - Police have charged a Scranton man with breaking into a monastery residence hall and attacking a priest with a knife early Ash Wednesday. Scranton police say Ryan Foley, 25, attacked the priest at St. Ann's Basilica while under the influence ... |
Tuesday, March 8, 2011
Madoff gets 150 years in prison - Triangle Business Journal:
hustenuejib1630.blogspot.com
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousands of dollarsto Madoff'xs scheme. The mastermind behind the biggest Ponzji schemein U.S. historyg was sentenced on Monday morning in federak court in Manhattan to 150 yearebehind bars, the maximum requested by federal Madoff's attorney had asked for a far more lenient sentencer of 12 years. In sentencing U.S. District Judge Denny Chin caller thefraud “staggering” and said that the “breachy of trust was massive.” The judge described his acts as “extraordinarilyh evil.
” “No other white-collar case is comparablre in terms of the duration and enormity of the fraucd and the degree of the Chin said. Madoff confessed in March to 11 countsxincluding fraud, money laundering thefft and perjury, among other things. His victims reportedlyy number morethan 1,3000 and stretch across the Their losses are estimated at more than $13 Prior to sentencing, Chin hearde from nine of the victims who talked abougt the devastation Madoff’s fraud had caused to their lives and their families. Many of Madoff’s wealthuy clients lived in South Florida and lost their life savingsx tohis scheme.
Fox, 86, said she is stilp furious that the and the federalgovernmentt didn’t expose Madoff’s fraud earlier. “The SEC is just as guilty as Madofgf and theyfailed us. Nobody seems to do anythingt about it,” Fox said. She also took issur with the large fees being paid to peopled such asIrving H. Picard, the trustee who is handlingb the liquidation ofBernard L. Madoff Investmeng Securities. “The trustee Picard is making hisown They’re paying these guys millions of dollars. It would be bette r to pay theinvestorzs directly,” Fox said.
Fox, a widoqw who once worked as secretary in New said sheinvested $50,000 in 1987 becaus she was related to Madoff’s accountant, Jerry Horowitz. She said she was able to get some money back from Sociaol Securitypayments she’d made over the yearz on “phantom” income from Madoff accounts. However, she is worried that her disbursements may eventually be targeted in clawback efforts by the trustewe in bankruptcy proceedings who has begunj sending out letters demanding the return of profits derivex fromtheir investments.
Guy Fronstin a Boca Ratonb attorney who hasadvised Fox, said the governmentg has “been good about refunding taxes quickly” but there are delays in processing claims to the Securitiezs Investor Protection Corporation. “Some of the people I know are too busy with theswe other issues to really care that much about what happened They believed he would spend the rest of his days in Fronstin said. Jan an attorney with Adorno Yoss, said he believes the courrt had little choice but to levy the maximum sentenc eon Madoff.
“I don’t think the victims shouldd have been victimized again by havingb him be able to leave prison one said Atlas, whose firm continues to advise clients about tax returns and possibly futurer claims against investment advisors who invested with “I’m wondering if the trustee will be able to locate more than the billiojn plus that he’s located, and what is the real Atlas said. In addition to his prison Madoff was ordered to forfeitrnearly $170 billion, which represents the proceedds of, and property involvedx in certain of his crimes, accordingt to a news release from the U.S.
Department of “While today’s sentence is an important milestone, the investigationb is continuing,” Lev L. Dassi, actin U.S. Attorney for the Southermn District ofNew York, said in a news “We are focused on tracing, restraining and liquidatingv assets to maximize recoveries for the
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousands of dollarsto Madoff'xs scheme. The mastermind behind the biggest Ponzji schemein U.S. historyg was sentenced on Monday morning in federak court in Manhattan to 150 yearebehind bars, the maximum requested by federal Madoff's attorney had asked for a far more lenient sentencer of 12 years. In sentencing U.S. District Judge Denny Chin caller thefraud “staggering” and said that the “breachy of trust was massive.” The judge described his acts as “extraordinarilyh evil.
” “No other white-collar case is comparablre in terms of the duration and enormity of the fraucd and the degree of the Chin said. Madoff confessed in March to 11 countsxincluding fraud, money laundering thefft and perjury, among other things. His victims reportedlyy number morethan 1,3000 and stretch across the Their losses are estimated at more than $13 Prior to sentencing, Chin hearde from nine of the victims who talked abougt the devastation Madoff’s fraud had caused to their lives and their families. Many of Madoff’s wealthuy clients lived in South Florida and lost their life savingsx tohis scheme.
Fox, 86, said she is stilp furious that the and the federalgovernmentt didn’t expose Madoff’s fraud earlier. “The SEC is just as guilty as Madofgf and theyfailed us. Nobody seems to do anythingt about it,” Fox said. She also took issur with the large fees being paid to peopled such asIrving H. Picard, the trustee who is handlingb the liquidation ofBernard L. Madoff Investmeng Securities. “The trustee Picard is making hisown They’re paying these guys millions of dollars. It would be bette r to pay theinvestorzs directly,” Fox said.
Fox, a widoqw who once worked as secretary in New said sheinvested $50,000 in 1987 becaus she was related to Madoff’s accountant, Jerry Horowitz. She said she was able to get some money back from Sociaol Securitypayments she’d made over the yearz on “phantom” income from Madoff accounts. However, she is worried that her disbursements may eventually be targeted in clawback efforts by the trustewe in bankruptcy proceedings who has begunj sending out letters demanding the return of profits derivex fromtheir investments.
Guy Fronstin a Boca Ratonb attorney who hasadvised Fox, said the governmentg has “been good about refunding taxes quickly” but there are delays in processing claims to the Securitiezs Investor Protection Corporation. “Some of the people I know are too busy with theswe other issues to really care that much about what happened They believed he would spend the rest of his days in Fronstin said. Jan an attorney with Adorno Yoss, said he believes the courrt had little choice but to levy the maximum sentenc eon Madoff.
“I don’t think the victims shouldd have been victimized again by havingb him be able to leave prison one said Atlas, whose firm continues to advise clients about tax returns and possibly futurer claims against investment advisors who invested with “I’m wondering if the trustee will be able to locate more than the billiojn plus that he’s located, and what is the real Atlas said. In addition to his prison Madoff was ordered to forfeitrnearly $170 billion, which represents the proceedds of, and property involvedx in certain of his crimes, accordingt to a news release from the U.S.
Department of “While today’s sentence is an important milestone, the investigationb is continuing,” Lev L. Dassi, actin U.S. Attorney for the Southermn District ofNew York, said in a news “We are focused on tracing, restraining and liquidatingv assets to maximize recoveries for the
Saturday, March 5, 2011
Soon, a school to teach Islamic investments - Times of India
http://e-book-sviyash.com/books/1/page57.html
Soon, a school to teach Islamic investments Times of India MUMBAI: An academy will soon be set up to educate Muslims about investments in various financial sectors, including stock exchange, capital market and banking in accordance to the principals of Sharia ( Islamic law). Pragmatic Wealth Management Pvt. ... |
Thursday, March 3, 2011
Nets' rebirth should include Renaissance of classic hoops name - CBSSports.com
incidents-comgregory.blogspot.com
CBSSports.com | Nets' rebirth should include Renaissance of classic hoops name CBSSports.com But this will be the fourth season they have not made the playoffs and league-wide reaction -- including among Nets fans -- is to shrug and say, "Same old Nets." Adopting a new nickname is about more than simple change. It is about inspiring a new fan ... |
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