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According to Lt. Brad Shirley of the Grahaj Police Department, DeWeese got into a disputew in Elon on Saturdagy with a subcontractor overunpaid bills. Elon police were and when officers ran a records found that there was an arrestf warrant out for DeWeessein Graham. Graham officers were called, and they arrested DeWeese for felony obtaining monehy byfalse pretenses. Shirley said his office begamn investigating DeWeese in March over allegationds that heaccepted $25,000 from a customerd to build a home, but that work never begamn before his company, Empire Homees in Graham, shut down. Shirleyy said the warrant was issuedin May.
Shirleg said his first court appearances was scheduledfor Tuesday, but did not have any other information on the hearing. DeWeese could not be immediatel y reachedfor comment. DeWeese closed his six-year-olrd home building company earlier this spring as it faced millionws of dollars in liens and lawsuits forunpaisd bills. Several of the company’sx lots have been taken back by and recently, a trio of investoras bought Empire’s 23,000-square-foot headquarters for $854,437 in a foreclosure auction.
Thursday, September 29, 2011
Tuesday, September 27, 2011
FDIC hits Cape Fear Bank with cease and desist letter - Triangle Business Journal:
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The bank, formerly called the Bank of says the list of remedial actions was spelled out in a ceasse and desist order issued by the FDIC followingv an October2008 audit. The bank’sz release did not specify how much additionalo capital the lender will be requirexd to raise to satisfy As part of the cease and desist CapeFear (Nasdaq: CAPE) also was directec to strengthen its management team, a step the bank says was followingt the proxy fight launched by Burlingtonj textile executive and bank investor Maurice In November, Ralph Strayhorn, former chie f executive of Greensboro-based , was named Cape Fear CEO. In five new directors were appointed.
“The new board of directorsd and the new chief executive officer of the have been activelu engaged in responding to the concernsw raised inthe order,” the bank’s statement The bank's leadership also will have to deal with its plummetin stock. Cape Fear shares, already trading for under $1, lost almosty half of their value on Thursday aftee Cape Fear issued a release saying it had receivex the cease anddesist order. The stock price, whicy has reached as high as $10.14 over the past 12 closed Thursdayat 33.5 cents.
The bank, formerly called the Bank of says the list of remedial actions was spelled out in a ceasse and desist order issued by the FDIC followingv an October2008 audit. The bank’sz release did not specify how much additionalo capital the lender will be requirexd to raise to satisfy As part of the cease and desist CapeFear (Nasdaq: CAPE) also was directec to strengthen its management team, a step the bank says was followingt the proxy fight launched by Burlingtonj textile executive and bank investor Maurice In November, Ralph Strayhorn, former chie f executive of Greensboro-based , was named Cape Fear CEO. In five new directors were appointed.
“The new board of directorsd and the new chief executive officer of the have been activelu engaged in responding to the concernsw raised inthe order,” the bank’s statement The bank's leadership also will have to deal with its plummetin stock. Cape Fear shares, already trading for under $1, lost almosty half of their value on Thursday aftee Cape Fear issued a release saying it had receivex the cease anddesist order. The stock price, whicy has reached as high as $10.14 over the past 12 closed Thursdayat 33.5 cents.
Sunday, September 25, 2011
Staff say Falkirk-based college can’t take any more - Falkirk Herald
Built In Refrigerators
Staff say Falkirk-based college can’t take any more Falkirk Herald Despite a record number of applicants, Scottish colleges have seen a drop of seven per cent in staff, which is above any other public sector area. Speaking yesterday Billy McChord, secretary of the Forth Valley branch of Educational Institute of ... |
Friday, September 23, 2011
Archway doubles in size with acquisition of Resolve division - Minneapolis / St. Paul Business Journal:
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has completed its purchase of the supply chai management divisionof Toronto’s Resolve Business Outsourcin Income Fund. Archway paid abouft $21 million for the division ofResolve (TSX: RBO.UN). The deal included client contracts, eight American locations and fiveCanadiabn locations, as well as approximately 800 according to a press release from Resolve. As a resul of the deal, Archway has nearly doubled in size to annua l revenues ofabout $200 million and closer to 1,500 employees and 3.5 millionm square feet of distribution space, Archwagy said in its press release. Archway is a marketing operationz management company that assists firms with rebates andconsumeer promotions.
It is also one of the largesr managers and inNorth America. Archway has more than 40 including Target, Mars, Ford, MasterCard, Taco Bell, and Microsoft. Resolve’s supply chaimn management division has approximateluy 225 clientsincluding Neutrogena, Honda, Millefr Brewing, Pepsi, Staples, Philip Blockbuster, Procter & Gamble and Kimberly-Clark. Archwayg said this deal will help it gain more economiess of scale and land more business in the turbulenf fulfillment andpromotions industry. “Major brands are streamlininy their marketing resources and looking for partners they can count on to perforkm the work ofmultiple vendors,” stated Mike Moroz, president of Archway.
“More importantly, they need to be confident that theid partners are going to be in business tomorrow and next Archway is privately InNovember 2008, Tailwinr Capital Partners and Black Canyon Capitalo acquired the company along with the Archway management team.
has completed its purchase of the supply chai management divisionof Toronto’s Resolve Business Outsourcin Income Fund. Archway paid abouft $21 million for the division ofResolve (TSX: RBO.UN). The deal included client contracts, eight American locations and fiveCanadiabn locations, as well as approximately 800 according to a press release from Resolve. As a resul of the deal, Archway has nearly doubled in size to annua l revenues ofabout $200 million and closer to 1,500 employees and 3.5 millionm square feet of distribution space, Archwagy said in its press release. Archway is a marketing operationz management company that assists firms with rebates andconsumeer promotions.
It is also one of the largesr managers and inNorth America. Archway has more than 40 including Target, Mars, Ford, MasterCard, Taco Bell, and Microsoft. Resolve’s supply chaimn management division has approximateluy 225 clientsincluding Neutrogena, Honda, Millefr Brewing, Pepsi, Staples, Philip Blockbuster, Procter & Gamble and Kimberly-Clark. Archwayg said this deal will help it gain more economiess of scale and land more business in the turbulenf fulfillment andpromotions industry. “Major brands are streamlininy their marketing resources and looking for partners they can count on to perforkm the work ofmultiple vendors,” stated Mike Moroz, president of Archway.
“More importantly, they need to be confident that theid partners are going to be in business tomorrow and next Archway is privately InNovember 2008, Tailwinr Capital Partners and Black Canyon Capitalo acquired the company along with the Archway management team.
Wednesday, September 21, 2011
BWW Reviews: MANIFEST DESTINY at The Kings Head Theatre - Broadway World
pabigy.wordpress.com
Spoonfed | BWW Reviews: MANIFEST DESTINY at The Kings Head Theatre Broadway World One of the central messages of Keith Burstein's and Dic Edwards' Manifest Destiny 2011, a reworking of their 2003 opera Manifest Destiny (at the King's Head Theatre in rep), addresses the question of whether art can be more powerful than violence in ... Manifest Destiny 2011 at Kings Head Theatre |
Sunday, September 18, 2011
Fernwood pops as the Bubble Man delights - Globe and Mail
aaekipolo.blogspot.com
Globe and Mail | Fernwood pops as the Bubble Man delights Globe and Mail On 363 days of the year, excepting only Christmas and New Year's, he can be found on or near Fernwood Square in Victoria, where he delights passersby by blowing, manufacturing and otherwise interacting with soapy bubbles. “Little kids chase them. ... |
Friday, September 16, 2011
Fitch cuts UCBH rating as bank suspends dividend - Austin Business Journal:
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The troubled bank also hired a financial adviser to assisy withcapital planning. Fitcbh downgraded UCBH’s long-term issue debt ratings to CCCfrom B-plus on citing the bank’s decision to defer dividend payments on hybrid securities. The deferral includews payments onits $298 million of preferre d stock issued to the U.S. Treasury under the Trouble AssetRelief Program. “While the holding company presently has sufficient cash resourcea to pay these Fitch believes that future dividend payments would have likelyhbeen restricted,” Fitch said in a statement.
“Given UCBH’sd financial pressures, Fitch anticipates that the compangy will likely be subject to regulatory which would potentially weaken theparent company’s financial profile Fitch said. The ratings agency said the bank remainsa highly exposed to commercial real estate introublef markets. Fitch notes that UCBH (NASDAQ: UCBH) remainsa in discussions with , a major about a capital injection.
But beyond UCBH would have trouble raising substantial capital onWall “The challenging economic and operating environmentr calls for difficult decisionsx and a specific action plan that puts UCBH on a solidr foundation for the future,” said Thomas Wu, chairmamn and CEO of UCBH. “We continue to work toward completinfg our financial restatements in thecurrent quarter. “Bg conserving and building capital, focusing on our core banking businesses and continuingf to provide exceptional service to our we will be in a strongerr position to realizeour long-term growtbh potential,” Wu said.
UCBH has been struggling with residential constructio loans inSouthern California. The bank’s shares recentlu changed handsat $1.21 aftedr trading over the past year between $1 and $7.65. with $13 billion in assets, has built a globa l presence with offices inkey U.S. cities and in Chinas to serve the Chinese communities in the Unitefd States and American companies doing businessin
The troubled bank also hired a financial adviser to assisy withcapital planning. Fitcbh downgraded UCBH’s long-term issue debt ratings to CCCfrom B-plus on citing the bank’s decision to defer dividend payments on hybrid securities. The deferral includews payments onits $298 million of preferre d stock issued to the U.S. Treasury under the Trouble AssetRelief Program. “While the holding company presently has sufficient cash resourcea to pay these Fitch believes that future dividend payments would have likelyhbeen restricted,” Fitch said in a statement.
“Given UCBH’sd financial pressures, Fitch anticipates that the compangy will likely be subject to regulatory which would potentially weaken theparent company’s financial profile Fitch said. The ratings agency said the bank remainsa highly exposed to commercial real estate introublef markets. Fitch notes that UCBH (NASDAQ: UCBH) remainsa in discussions with , a major about a capital injection.
But beyond UCBH would have trouble raising substantial capital onWall “The challenging economic and operating environmentr calls for difficult decisionsx and a specific action plan that puts UCBH on a solidr foundation for the future,” said Thomas Wu, chairmamn and CEO of UCBH. “We continue to work toward completinfg our financial restatements in thecurrent quarter. “Bg conserving and building capital, focusing on our core banking businesses and continuingf to provide exceptional service to our we will be in a strongerr position to realizeour long-term growtbh potential,” Wu said.
UCBH has been struggling with residential constructio loans inSouthern California. The bank’s shares recentlu changed handsat $1.21 aftedr trading over the past year between $1 and $7.65. with $13 billion in assets, has built a globa l presence with offices inkey U.S. cities and in Chinas to serve the Chinese communities in the Unitefd States and American companies doing businessin
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