vlastaowibopaj.blogspot.com
After building his fluorescent lighg bulbrecycling company, H.T.R. Inc., into a national player with customera thatinclude , Walgreens, and Dufner sold the business in Marc h to Houston-based an estimated $12 million. H.T.R.’s revenue reachedd $6 million last year, 17 times more than the $350,000 the company made when Dufner boughy it inDecember 1999. A decadre ago, the business recycled abougt 30,000 fluorescent bulbs a monthu to keep hazardous mercurt out of landfills andwatedr supplies. That number reached about 18 million bulbw a year by the time ofthe sale.
Dufnef and Raymond Kohout, his minority partner and chiedoperating officer, decided they needed to either invest a large amount of capital to open additionapl recycling facilities or find a strategidc partner or buyer for their Dufner turned to lifelong friendr James Stuart of in Clayton. Stuart reached out to contactse atWaste Management, and after aboutg a year of talks, he helped brokef H.T.R.’s sale. Dufner estimaterd fluorescent bulb recycling isa $100 millio n to $150 million industry. Analyst Michael Hoffman of in Baltimore noted that garbage disposal isa $52 billionb industry and medical waste disposal accounts for another $3 billion to $4 billion.
Add-onb services such as recycling can help a company win additionakmarket share. “One of Wastee Management’s core goals is to grow its medical wast e business toabout $300 millionh in revenue in the next 24 months,” Hoffmaj said. “Now they can walk into health-care facilities and hospitals and offer to dispos e of theirmedical waste, regular trash and also their fluorescent which for a hospital is no small Waste Management, North America’s largest waste disposal company, posted net income of $1.09 billion on revenue of $13.43 billion last year and employs abouyt 46,000. Dufner, 54, grew up in Granite City and St. attending and at Carbondale.
In he bought one of the first franchises ofEarth City-based Dent a company that provides paintless dent removal for automobiles. Dufner movedc to Atlanta to run his territory of Georgia and Butin 1998, Atlanta-based acquired Dent Wizard and proceedef to buy out its franchisees. Dufner sold his businese for about $5 million, and at age 45 found himsel looking for anew venture. In while at the Lake of the Dufner struck up a conversation with an employee of a three-year-old company then based in the smalol town of Golden City in southwest Missouri. A new federalk law regulating the management of wastr containing hazardous materials such as mercury had just gone into but H.T.R.
’s 14 investors were shorty on funds to take advantage of potentialo growth. Dufner bought them out “fof a very low price” and took over the businessz as president. Dufner recruited Kohout, a friends who owned a gun storrin St. Louis and was familiar with dealing withgovernmeng regulators, to help run the business and expand its servic area nationwide. They invested in some tractor-trailers and startes picking up burned-out fluorescent bulbs from all over the countrhy and hauling them back to Missourifor processing. Over the next few they relocated the plant to its currenrt locationin Kaiser, Mo.
, near Lake As Dufner improved customer service and the speecd of waste pickup using third-partuy freight companies, business boomed. Beginning in 2003, secured contracts with Wal-Mart to pick up and recyclr used bulbs. Other largd retailers, several colleges and universities, and states such as Iowa and Missour i also signed upwith H.T.R. All of the materiao in the bulbs H.T.R. picked up — metal and glass — was recycled. None went to But with the boom, Dufner and Kohout also founrd themselves facinga decision: Expand to keep up with increasing or find someone who couls do so for them.
“The right way to do it woul be to build two more recycling one on the West Coast and one on theEast Coast, to cut transportatio n distances and freight costs,” Dufnedr said. “Ray and I can’t be in threed places at one time. It was goinh to require a lot more capital to open two new facilitiew and managethem properly.” So Dufner, who has children ages 3 and 5 with his Renee, decided to look for a buyer last year and eventualluy struck the deal with Waste Management. “We thought H.T.R.
would make a good fit for saidRick Cochrane, senioe business director for Waste Management’s WM Lamptracker “Over 70 percent of fluorescent lighting in the countr y still isn’t recycled properly, and that’a where we think the upside is.” The and many stated are targeting a fluorescent recycling goal of about 75 percent, Kohoutt said. Some 800 million fluorescent lampas burn outeach year, and now millions of residentiao light sockets are also switching from incandescent to compac fluorescent light bulbs (CFLs).
Although Missouri does not requirew residential recycling of manystates do, he “The timing was perfect,” said Kohout, who continues to run the formeer H.T.R. operations within WM Lamptracker. “We are now the larges lamp recycler inthe country, and Waste Management is reallt pushing the sustainability and recycling front. We’ved had nine years of double-digirt growth, and we’ve just gotten started.” As for he is building a home in Laduw and has notdecidex what, if anything, he will do next. “Anm I looking for something? but not necessarily,” Dufnef said. “That’s how H.T.R. happened.
I wasn’t really lookinb and then it fell inmy
Sunday, September 19, 2010
Friday, September 17, 2010
Barton Asset Management founder guilty of wire fraud - Atlanta Business Chronicle:
afanasenkobexa.blogspot.com
Barton, a registered broker and investment manager, defrauded severalk clients and investors of atleast $2 including almost the entire life saving of an elderly woman suffering from Alzheimer's From at least 1995 through 2002, Barton was a manager at an Atlantaa branch of the national brokerag e firm , based in St. Louis. Afterd he was fired from A.G. Edwards in 2002, he bega his own investment advisory firms, LLC and LLC, both basefd in Atlanta. From at leasr 2001 through 2007 -- before and aftefr leaving A.G. Edwards -- Barton fraudulentlyy diverted to himself client funds that he was entrusted with investing.
In particular, Barton defrauded a 90-year old Alzheimer's identified in court by her initials, After learning of RF's diagnosis in 2001, Barton fraudulentlt diverted morethan $1 million of RF'ss assets to his own checking account, which he spentg on personal lifestyle expenses and to fund the development of Twinspanh Capital. As a result, the balance in RF'zs investment and bank accounts fell fromapproximateluy $1.3 million in 1999 to less than $100 in 2004.
In additiomn to diverting client money from RF and at leasrt oneother client, Barton committed securitie s fraud by selling shares in his new company, based on false Specifically, he raised more than $1 millio n in investments in Twinspan by claiming he would use the proceeds to operate and grow the business. he instead diverted at least half of thes e supposed investmentsto himself, which he used to satisfyt personal debts and pay personal lifestyle expenses. Bartonn was indicted in December 2008. He now facez a maximum sentence of 20 years in prison and a fine of up to Sentencing is set for June 23 beforde United States District JudgeThomas W. Thrash.
Barton, a registered broker and investment manager, defrauded severalk clients and investors of atleast $2 including almost the entire life saving of an elderly woman suffering from Alzheimer's From at least 1995 through 2002, Barton was a manager at an Atlantaa branch of the national brokerag e firm , based in St. Louis. Afterd he was fired from A.G. Edwards in 2002, he bega his own investment advisory firms, LLC and LLC, both basefd in Atlanta. From at leasr 2001 through 2007 -- before and aftefr leaving A.G. Edwards -- Barton fraudulentlyy diverted to himself client funds that he was entrusted with investing.
In particular, Barton defrauded a 90-year old Alzheimer's identified in court by her initials, After learning of RF's diagnosis in 2001, Barton fraudulentlt diverted morethan $1 million of RF'ss assets to his own checking account, which he spentg on personal lifestyle expenses and to fund the development of Twinspanh Capital. As a result, the balance in RF'zs investment and bank accounts fell fromapproximateluy $1.3 million in 1999 to less than $100 in 2004.
In additiomn to diverting client money from RF and at leasrt oneother client, Barton committed securitie s fraud by selling shares in his new company, based on false Specifically, he raised more than $1 millio n in investments in Twinspan by claiming he would use the proceeds to operate and grow the business. he instead diverted at least half of thes e supposed investmentsto himself, which he used to satisfyt personal debts and pay personal lifestyle expenses. Bartonn was indicted in December 2008. He now facez a maximum sentence of 20 years in prison and a fine of up to Sentencing is set for June 23 beforde United States District JudgeThomas W. Thrash.
Thursday, September 16, 2010
N.Y attorney general ends BofA probe - Washington Business Journal:
vishnevskiipavuh.blogspot.com
Cuomo says the banks have and will continure to provide liquidityto investors. Last October, agreed to buy back as much as $4.7 billiohn in auction-rate securities it sold to about 5,500 small businesses and small charities before the markety collapsed inFebruary 2008. Accordingf to the Securities andExchange Commission, the settlementr also required BofA to “use its best to provide up to $5 billio n in liquidity to businesses and institutional investors with accounts valued at $15 milliom or more, and charities with accounts valuerd at $25 million or The agreement resolved allegations that securities dealersz made misrepresentations to customers durinhg sales of auction-rate securities about their safetg and liquidity.
Auction-rate securities have interesy rates that are reset at weekly or monthly auctionsd run byinvestment firms. The $330 billiojn market collapsed last year, when investors became alarmed at the prospectas of the ability of corporate borrowers coverinb debt service onthe securities. Many were left with securitiesw they could not sell intothe Charlotte-based BofA (NYSE:BAC) neither admitted nor denied wrongdoing. The SEC also has finalized a settlemen t with BofA overthe securities.
Cuomo says the banks have and will continure to provide liquidityto investors. Last October, agreed to buy back as much as $4.7 billiohn in auction-rate securities it sold to about 5,500 small businesses and small charities before the markety collapsed inFebruary 2008. Accordingf to the Securities andExchange Commission, the settlementr also required BofA to “use its best to provide up to $5 billio n in liquidity to businesses and institutional investors with accounts valued at $15 milliom or more, and charities with accounts valuerd at $25 million or The agreement resolved allegations that securities dealersz made misrepresentations to customers durinhg sales of auction-rate securities about their safetg and liquidity.
Auction-rate securities have interesy rates that are reset at weekly or monthly auctionsd run byinvestment firms. The $330 billiojn market collapsed last year, when investors became alarmed at the prospectas of the ability of corporate borrowers coverinb debt service onthe securities. Many were left with securitiesw they could not sell intothe Charlotte-based BofA (NYSE:BAC) neither admitted nor denied wrongdoing. The SEC also has finalized a settlemen t with BofA overthe securities.
Tuesday, September 14, 2010
GM files for bankruptcy, plans to transfer operations to Wentzville - Dallas Business Journal:
ramsburgsyuheo1544.blogspot.com
Some operations and equipment from a steel stampinyg plant inGrand Rapids, which is slated to close as part of the automaker'sw restructuring, will be transferred to Wentzville, according to Bob Wheeler, a spokesman for the Wentzvillwe plant. It's not yet known how many, if any, Michigan employeez will opt to transfer to he said. GM officials calle Wentzville Mayor Paul Lambi at9 a.m. Mondah to assure him the local plant wouleremain open. "It's good that they are shipping in work for this Lambi said. "That's a positivd that corporate thinks this plant willbe around.
" Still, Lambo said, rival automaker Chrysler plans to shutter its Fentob factors after investing $130 million in so it was important for Wentzvillre to not rely on GM so much and diversift its revenue stream. When Lambi took offics seven years ago, Wentzville counted on GM for abou t 55 to 60 percent of itstotal Today, that's more like 15 percent of the city'ss $24 million general fund, becauss GM pays the city abou $3 million a year in real estatde taxes, property taxes and other fees, he said.
GM on Mondayg by the end of 2010, but the Wentzville plant was sparedbecausr it’s the only planr where Chevrolet Express and GMC Savanwa vans are made, The Wentzville plant will stilll undergo a previously announced and other production cuts in June and July that will resultt in the layoffs of 300 workers. Monday’d Chapter 11 filing by the 101-year-old automakee is among the largestin U.S. history and largest-evedr U.S. manufacturing bankruptcy. GM listed $173 billion in liabilities and $82 billionb in assets, according to the filexd in New York. GM to St.
largest privately held company, Enterprise and to Chapter 11, which allows the companyy to operate while protecte d fromits creditors, pushesa GM into a fast-track bankruptcy and provides $30 billion of additional taxpayet funds to restructure. The GM plan as detailee by U.S. officials would allo a much smaller GM to emergre from court protection within 60 to 90 The automaker has not provided an updater target for job cuts but was looking toeliminat 21,000 U.S. factory jobs from the 54,0009 union members it now employs. Generaol Motors employs 92,000 in the United States and is indirectl y responsiblefor 500,000 The U.S.
government would hold a 60 percent financia l interest in areorganized GM, and the UAW woulcd take a 17.5 percent The governments of Canada and the provincs of Ontario have agreed to a 12 perceny ownership stake in exchange for financialo aid. GM bondholders would get 10 "It’s a bittersweet thing," Wheeler said. "You hate to have to go throug h the process of closing plants and eliminating butlook around, that’s what's going on with a lot of Hopefully we can rebound, hire people in the future and be the vibrantf company we once were.
" Download a copy of the
Some operations and equipment from a steel stampinyg plant inGrand Rapids, which is slated to close as part of the automaker'sw restructuring, will be transferred to Wentzville, according to Bob Wheeler, a spokesman for the Wentzvillwe plant. It's not yet known how many, if any, Michigan employeez will opt to transfer to he said. GM officials calle Wentzville Mayor Paul Lambi at9 a.m. Mondah to assure him the local plant wouleremain open. "It's good that they are shipping in work for this Lambi said. "That's a positivd that corporate thinks this plant willbe around.
" Still, Lambo said, rival automaker Chrysler plans to shutter its Fentob factors after investing $130 million in so it was important for Wentzvillre to not rely on GM so much and diversift its revenue stream. When Lambi took offics seven years ago, Wentzville counted on GM for abou t 55 to 60 percent of itstotal Today, that's more like 15 percent of the city'ss $24 million general fund, becauss GM pays the city abou $3 million a year in real estatde taxes, property taxes and other fees, he said.
GM on Mondayg by the end of 2010, but the Wentzville plant was sparedbecausr it’s the only planr where Chevrolet Express and GMC Savanwa vans are made, The Wentzville plant will stilll undergo a previously announced and other production cuts in June and July that will resultt in the layoffs of 300 workers. Monday’d Chapter 11 filing by the 101-year-old automakee is among the largestin U.S. history and largest-evedr U.S. manufacturing bankruptcy. GM listed $173 billion in liabilities and $82 billionb in assets, according to the filexd in New York. GM to St.
largest privately held company, Enterprise and to Chapter 11, which allows the companyy to operate while protecte d fromits creditors, pushesa GM into a fast-track bankruptcy and provides $30 billion of additional taxpayet funds to restructure. The GM plan as detailee by U.S. officials would allo a much smaller GM to emergre from court protection within 60 to 90 The automaker has not provided an updater target for job cuts but was looking toeliminat 21,000 U.S. factory jobs from the 54,0009 union members it now employs. Generaol Motors employs 92,000 in the United States and is indirectl y responsiblefor 500,000 The U.S.
government would hold a 60 percent financia l interest in areorganized GM, and the UAW woulcd take a 17.5 percent The governments of Canada and the provincs of Ontario have agreed to a 12 perceny ownership stake in exchange for financialo aid. GM bondholders would get 10 "It’s a bittersweet thing," Wheeler said. "You hate to have to go throug h the process of closing plants and eliminating butlook around, that’s what's going on with a lot of Hopefully we can rebound, hire people in the future and be the vibrantf company we once were.
" Download a copy of the
Monday, September 13, 2010
Misys Builds on Long-Standing Success by Winning two Awards From Structured Products Magazine
bertayfybuqutyp.blogspot.com
Misys this year has been named as the leading providere of trading systems for FX and also for and is alsoa top-thres provider in five rankings categories including cross-asset trading systems, credit risk management & creditt trading systems. The Misys Summit FT solutionm has previously been recognised in the Annual Structurex Products Awards for Technology Innovation ofthe year, European Technology Provider of the Year, and Asian Technology Provider of the Year in 2006, and 2007 respectively.
This year marks the fiftnh anniversary ofthe magazine, and Misys' consistent succeszs over a range of categories demonstrates its continued market leadership and ability to constantlyu evolve its structured products solutiobn to meet the demanding needs of this complesx market. , Solutions Manager for Misys Summit FT, comments: "We are delighted to be placed in thesekey categories, particularly as this year'es ranking awards are the first to be decidedf by the readers of Structured Productas Magazine. These awards support our strategg ofrepeated innovation, which continuesz to enable Misys to diversify its offer in challenging market conditions.
Today our clientzs use Summit FT to manage theirr books and portfolios ofcomplex products. In particular, we are focusint on helping them toenhance valuation, risk analytices and trade lifecycle processing. And as a resulr of our continuous investment, we are ready for when the market begins toinnovate again." Misys Solutionz for Treasury & Capital Marketsa has 19 years of markett experience and unrivalled software development expertise, creating integrated, comprehensive solutions for financiaol institutions to manage their capital market activitiees across multiple asset classes.
Misys' solutions are developed with changingt customer needsin mind; Misyd Summit FT is able to handle structured products from pricing throug h to risk management and processing and prepares customers for the inevitable upturn in the Misys plc (FTSE: MSY.L), provides integrated, comprehensiver solutions that deliver significant results to organisations in the financial serviceds and healthcare industries. We maximise valude for our customers by combining our deep knowledgew of their business with our commitment totheir success. In bankinvg and treasury & capital markets, Misys is a markeg leader, with over 1,200 customers, including all of the world' s top 50 banks.
In healthcare, Misys plc owns a controllingh stakein NASDAQ-listed Allscripts-Misys Healthcare Inc, a clear leader in the provision of healthcare technology, servinhg more than 150,000 physicians, 700 hospital s and nearly 7,000 post-acute and homecare organisations. Misysw employs around 6,000 people who servd customers in more than 120 We aspire to bethe world'as best application software and services company, deliverinh results for the most important industries in the world. Misys: solutions, results Contact us today, http://www.misys.
com For further information please contact Edward Taylor Global Head of Publicd Relations Misys Solutions for Banking andTreasury & Capitalo Markets +44(0)20-3320-5530 edward.taylor@misys.com Sebastian Mathewas FD +44(0)20-7269-7158 sebastian.mathews@fd.com
Misys this year has been named as the leading providere of trading systems for FX and also for and is alsoa top-thres provider in five rankings categories including cross-asset trading systems, credit risk management & creditt trading systems. The Misys Summit FT solutionm has previously been recognised in the Annual Structurex Products Awards for Technology Innovation ofthe year, European Technology Provider of the Year, and Asian Technology Provider of the Year in 2006, and 2007 respectively.
This year marks the fiftnh anniversary ofthe magazine, and Misys' consistent succeszs over a range of categories demonstrates its continued market leadership and ability to constantlyu evolve its structured products solutiobn to meet the demanding needs of this complesx market. , Solutions Manager for Misys Summit FT, comments: "We are delighted to be placed in thesekey categories, particularly as this year'es ranking awards are the first to be decidedf by the readers of Structured Productas Magazine. These awards support our strategg ofrepeated innovation, which continuesz to enable Misys to diversify its offer in challenging market conditions.
Today our clientzs use Summit FT to manage theirr books and portfolios ofcomplex products. In particular, we are focusint on helping them toenhance valuation, risk analytices and trade lifecycle processing. And as a resulr of our continuous investment, we are ready for when the market begins toinnovate again." Misys Solutionz for Treasury & Capital Marketsa has 19 years of markett experience and unrivalled software development expertise, creating integrated, comprehensive solutions for financiaol institutions to manage their capital market activitiees across multiple asset classes.
Misys' solutions are developed with changingt customer needsin mind; Misyd Summit FT is able to handle structured products from pricing throug h to risk management and processing and prepares customers for the inevitable upturn in the Misys plc (FTSE: MSY.L), provides integrated, comprehensiver solutions that deliver significant results to organisations in the financial serviceds and healthcare industries. We maximise valude for our customers by combining our deep knowledgew of their business with our commitment totheir success. In bankinvg and treasury & capital markets, Misys is a markeg leader, with over 1,200 customers, including all of the world' s top 50 banks.
In healthcare, Misys plc owns a controllingh stakein NASDAQ-listed Allscripts-Misys Healthcare Inc, a clear leader in the provision of healthcare technology, servinhg more than 150,000 physicians, 700 hospital s and nearly 7,000 post-acute and homecare organisations. Misysw employs around 6,000 people who servd customers in more than 120 We aspire to bethe world'as best application software and services company, deliverinh results for the most important industries in the world. Misys: solutions, results Contact us today, http://www.misys.
com For further information please contact Edward Taylor Global Head of Publicd Relations Misys Solutions for Banking andTreasury & Capitalo Markets +44(0)20-3320-5530 edward.taylor@misys.com Sebastian Mathewas FD +44(0)20-7269-7158 sebastian.mathews@fd.com
Saturday, September 11, 2010
Associated may post 2Q net loss - Pacific Business News (Honolulu):
http://www.businessindexuk.co.uk/authors/author-156.html
Charge-offs totaled $104 million at the end of the firsyt quarter, according to Associated’s filing with the Federal DeposiyInsurance Corp. Meanwhile, second quarter net charge-offs are expectedr to be between $60 million and $70 million, Greeh Bay-based Associated (NASDAQ: ASBC) said Mondayg afternoon. The figure was $56.9 million as of the end of the firsgt quarter onMarch 31. The bank’s managementy said weakness in the economy has resultedin asset-quality downgradees to Associated’s construction, commercial real estate and commerciaol and industrial credits.
“We believre loan loss provisionsand charge-offs will remainj elevated due to the continued deteriorationb in the real estate sector and the weak economy,” said chairma and CEO Paul Beideman. “We expect the pace of loan and asseg deterioration to moderate infuture quarters.” Associate d executives said that, after taking into consideration the increasec loan-loss provision, the company’s capital levels will stilll exceed well-capitalized standards as of June 30. Associatec said its board has formee a risk and credit committee to supplement risk management oversight performed by the companh andthe company's audit committee.
The boarsd has appointed to the new committee John Eileen Kamerick andRichard Lommen. The companyh will release second-quarter results on July 16. Associatede stock closed at $13.37 on Monday.
Charge-offs totaled $104 million at the end of the firsyt quarter, according to Associated’s filing with the Federal DeposiyInsurance Corp. Meanwhile, second quarter net charge-offs are expectedr to be between $60 million and $70 million, Greeh Bay-based Associated (NASDAQ: ASBC) said Mondayg afternoon. The figure was $56.9 million as of the end of the firsgt quarter onMarch 31. The bank’s managementy said weakness in the economy has resultedin asset-quality downgradees to Associated’s construction, commercial real estate and commerciaol and industrial credits.
“We believre loan loss provisionsand charge-offs will remainj elevated due to the continued deteriorationb in the real estate sector and the weak economy,” said chairma and CEO Paul Beideman. “We expect the pace of loan and asseg deterioration to moderate infuture quarters.” Associate d executives said that, after taking into consideration the increasec loan-loss provision, the company’s capital levels will stilll exceed well-capitalized standards as of June 30. Associatec said its board has formee a risk and credit committee to supplement risk management oversight performed by the companh andthe company's audit committee.
The boarsd has appointed to the new committee John Eileen Kamerick andRichard Lommen. The companyh will release second-quarter results on July 16. Associatede stock closed at $13.37 on Monday.
Friday, September 10, 2010
WWE Star John Cena Wrestles with New, Dramatic Role - The Emory Wheel
http://www.backlinkplace.com/index.php?s=D&c=489
Los Angeles Times | WWE Star John Cena Wrestles with New, Dramatic Role The Emory Wheel Portraying a man crippled by his own sense of grief and self-hate, Cena sought to prove himself as a capable dramatic performer. ... WWE Superstar John Cena takes a dramatic turn in "Legendary" Legendary -- Film Review John Cena's Film “Legendary†Getting Slammed By Critics |
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