bhutan-warwick.blogspot.com
The association cites the record wave of job lossesw as amajor factor. More than 2 million Americans lost their jobs in the firsr three months ofthe year. Six million have lost theirt jobs since the recession beganj inDecember 2007. “Delinquencies won’tr improve until companies start hiring again and we see a significantgeconomic turnaround,” ABA chief economist James Chesseb says. The ABA defines delinquenc y as a payment that is 30 days or more The composite delinquency rate among eight typeasof installment-loan categories rose to 3.23 percent of all accountsa from 3.22 percent in the previous quarter. Bank-card delinquencies rose to 4.75 percent of all accountz from 4.
52 percent in the previouas quarter. However, the balances on those delinquent accounts roseto 6.6 percent of the value of all outstandint bank-card debt — marking a new recorx — from 5.52 percent. Chessen says the unemployed may be usinyg bank cards to bridgw a temporaryincome gap, especially with less home equity to fall back on as housinh prices continue to fall. •Home-equity loan delinquencies increasedto 3.52 percent from 3.03 •Property-improvement loan delinquencies decreased to 1.46 percent from 1.75 •Mobile-home loan delinquencies increased to 3.7 percent from 2.96 and •Personal-loan delinquencies increased to 3.47 percent from 2.
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Sunday, February 27, 2011
Friday, February 25, 2011
SoftBrands sold for $80M; Golden Gate Capital is buyer - Memphis Business Journal:
clarityviellegq67.blogspot.com
The buyer, a holding company created by private-equity firm and its portfoli ocompany , will pay 92 cents per share for Shares of SoftBrands closed at 47 cents per sharew on Thursday. On the same date in SoftBrands’ stock closed at 1.09 per San Francisco, Calif.-based Golden Gate Capital has about $9 billionm in assets under management. Infor, basesd in Alpharetta, Ga., is a softwar company with about 9,000 employees and $2.2 billion in revenue. Minneapolis-based SoftBrands (AMEX: SBN) sells softwar to the hospitality industry, as well as to smalk and mid-sized manufacturers under the brand. Its productss handle tasks such as making reservationxs to settingroom rates.
SoftBrands CEO Randty Tofteland said in a prese statement that the deal will allows shareholdersto “realize significant value from theie investment.” He also said the company would benefiy from an “alliance” with Infor. A spokeswoman for Infotr said SoftBrands will continue to have a presence in though it has yet to be determined how many employee s willremain here. SoftBrands’ board has already approved the which is expected to close in between 60 and90
The buyer, a holding company created by private-equity firm and its portfoli ocompany , will pay 92 cents per share for Shares of SoftBrands closed at 47 cents per sharew on Thursday. On the same date in SoftBrands’ stock closed at 1.09 per San Francisco, Calif.-based Golden Gate Capital has about $9 billionm in assets under management. Infor, basesd in Alpharetta, Ga., is a softwar company with about 9,000 employees and $2.2 billion in revenue. Minneapolis-based SoftBrands (AMEX: SBN) sells softwar to the hospitality industry, as well as to smalk and mid-sized manufacturers under the brand. Its productss handle tasks such as making reservationxs to settingroom rates.
SoftBrands CEO Randty Tofteland said in a prese statement that the deal will allows shareholdersto “realize significant value from theie investment.” He also said the company would benefiy from an “alliance” with Infor. A spokeswoman for Infotr said SoftBrands will continue to have a presence in though it has yet to be determined how many employee s willremain here. SoftBrands’ board has already approved the which is expected to close in between 60 and90
Tuesday, February 22, 2011
Sunday, February 20, 2011
ATSG builds revenues, posts loss - Business Courier of Cincinnati:
concrete roof tiles
The company posted a fourth-quarter net loss of $64.q million, or a loss of $1.03 per compared to net incomeof $8.4 or 14 cents per in fourth-quarter 2008. Net revenues grew to $430.67 million from $319.2 million. Much of the revenue growtuh camefrom ATSG’s Cargo Holdings International business, which it acquired in 2007, the companu said in a news The bottom line was impacted by pretax impairment chargesz of $91.2 million in the fourth quarter, for acquired goodwill and customet intangibles. Adjusted earnings before interest, depreciation and amortization (EBITDA) were $68.1 million for the versus $30.7 million in the same 2007 period.
For the full ATSG reported a net lossof $56 million, or a loss of 90 cent per share, versus net income of $19.67 million, or 33 cents per in 2007. Revenues grew to $1.6 billiobn from $1.2 billion. Adjusted EBITDA was $174.5 million compared to $94.5r million the year “Our ability to generate strong cash flow from our valuablde aircraft assets under multiple business models is a underappreciated strengthof ATSG,” said Joe Hete, president and CEO, in the Cargo firm DHL is shuttin g down its domestic shipping operations, which ATSG unit ABX Air Inc.
had As a result, the airline has shed 4,800o jobs through February, and closed regionaol hubs, reducing its package-sortinfg operations to one overnight shift in ATSG said. More job cuts are expected. ABX that it had modified a $93 million promissory note with DHL and had come to an agreementf onother debt-related issues. Sharese of ATSG (NASDAQ: ATSG) gained 6 cents, to 76 cents, in Tuesday afternoon trading. Air Transport Services Group (NASDAQ: headquartered in Wilmington, provides cargo airline services worldwide.
The company posted a fourth-quarter net loss of $64.q million, or a loss of $1.03 per compared to net incomeof $8.4 or 14 cents per in fourth-quarter 2008. Net revenues grew to $430.67 million from $319.2 million. Much of the revenue growtuh camefrom ATSG’s Cargo Holdings International business, which it acquired in 2007, the companu said in a news The bottom line was impacted by pretax impairment chargesz of $91.2 million in the fourth quarter, for acquired goodwill and customet intangibles. Adjusted earnings before interest, depreciation and amortization (EBITDA) were $68.1 million for the versus $30.7 million in the same 2007 period.
For the full ATSG reported a net lossof $56 million, or a loss of 90 cent per share, versus net income of $19.67 million, or 33 cents per in 2007. Revenues grew to $1.6 billiobn from $1.2 billion. Adjusted EBITDA was $174.5 million compared to $94.5r million the year “Our ability to generate strong cash flow from our valuablde aircraft assets under multiple business models is a underappreciated strengthof ATSG,” said Joe Hete, president and CEO, in the Cargo firm DHL is shuttin g down its domestic shipping operations, which ATSG unit ABX Air Inc.
had As a result, the airline has shed 4,800o jobs through February, and closed regionaol hubs, reducing its package-sortinfg operations to one overnight shift in ATSG said. More job cuts are expected. ABX that it had modified a $93 million promissory note with DHL and had come to an agreementf onother debt-related issues. Sharese of ATSG (NASDAQ: ATSG) gained 6 cents, to 76 cents, in Tuesday afternoon trading. Air Transport Services Group (NASDAQ: headquartered in Wilmington, provides cargo airline services worldwide.
Thursday, February 17, 2011
Polymedix, Inc. Company Profile | PYMX Company Information
http://www.colourlovers.com/lover/Xender
PolyMedix is a publicly traded biotechnology company focused on the developmenr of novel drugs and biomaterials for the treatment of infectious diseases and acutwecardiovascular disorders. PolyMedix's compounds are based on non-peptide small molecule drugs that mimic the activityof proteins. The Company's antibiotic compounds - small molecule mimetics of human host-defense proteine - are believed to have a completely different mechanis m of action from all currentantibiotic drugs, a mechanismj which is intended to make bacterial resistance unlikely to These compounds are being developed as rapidly acting antibiotics for serious systemicv and local infections.
The Company is also developingf polymeric formulations asantimicrobial biomaterials, whichh can be used as additives to paints, and textiles to creatr self-sterilizing products and surfaces. The Company's heptagonist compounds reverse the activityg of both heparin and low molecularweight heparins, in keepinyg with our goal of developing an antagonist drug that is safer and easiert to use than currentlhy approved therapy.
PolyMedix plans to file IND applications during the first quartefr of 2008 in anticipation of commencing human clinical trials for both its antibiotic andheptagonist
PolyMedix is a publicly traded biotechnology company focused on the developmenr of novel drugs and biomaterials for the treatment of infectious diseases and acutwecardiovascular disorders. PolyMedix's compounds are based on non-peptide small molecule drugs that mimic the activityof proteins. The Company's antibiotic compounds - small molecule mimetics of human host-defense proteine - are believed to have a completely different mechanis m of action from all currentantibiotic drugs, a mechanismj which is intended to make bacterial resistance unlikely to These compounds are being developed as rapidly acting antibiotics for serious systemicv and local infections.
The Company is also developingf polymeric formulations asantimicrobial biomaterials, whichh can be used as additives to paints, and textiles to creatr self-sterilizing products and surfaces. The Company's heptagonist compounds reverse the activityg of both heparin and low molecularweight heparins, in keepinyg with our goal of developing an antagonist drug that is safer and easiert to use than currentlhy approved therapy.
PolyMedix plans to file IND applications during the first quartefr of 2008 in anticipation of commencing human clinical trials for both its antibiotic andheptagonist
Tuesday, February 15, 2011
Offer input on hospital plans - Northwest Herald
http://fordcarsworld.com/vehicles/cars
Offer input on hospital plans Northwest Herald The first of two public hearings is this week on separate proposals to build new hospitals in McHenry County. Centegra Health System is seeking state ... |
Saturday, February 12, 2011
Redevelopment agencies in Tulare County face state ax - Visalia Times-Delta
coeragnheidur3778.blogspot.com
Redevelopment agencies in Tulare County face state ax Visalia Times-Delta Jerry Brown's budget proposal includes eliminating local redevelopment agencies, including those that serve Visalia and Tulare. The proposal states closing ... |
Thursday, February 10, 2011
General Motors exits bankruptcy - Boston Business Journal:
bionaire humidifier
The new company has $11 billion in U.S. excluding $9 billion in preferred stock. The company expectas to go publicnext year, Chiecf Executive Fritz Henderson said during a news conference Fridauy morning. GM will cut an additional 35 percent ofits U.S. managemen employees and 20 percent of salaried employees byyear end, Henderso n said, adding he hasn’t calculatec the number of employees to be affected. The companhy will cut its overall U.S. employment to abourt 64,000 by year end, down 30 percent from the currentf 91,000. GM filed for Chapter 11 bankruptcy protection June 1. “Today startse a new era for Genera Motors and everyone associated with the Henderson said.
“Going the new General Motors is fully committed to listening to responding to consumer andmarket trends, and empowerinyg the people closest to the customer to make the Our goal is to buildx more of the cars, trucks and crossovers that customersd want, and to get them to market fasterf than ever before.” The new GM will have four core Chevrolet, Cadillac, Buick and GMC. It will have 34 nameplate s next year, down from 48. •U.S. Treasurh Department: 60.8 percent. •UAW Retiree Medical Benefits Trust: 17.5 •Canadian and Ontario governments: 11.7 percent.
•The old GM: 10 Henderson said GM intends to repayh its governmentloans “much sooner” than the 2015 due By the end of GM will operate 34 powertrain and stamping down from 47 in 2008. And it expects its plants to reach capacityduring 2011. Edwarx Whitacre Jr. is the new company’z chairman. The company eliminated its GM Nortb Americanpresident position, and Henderson takes responsibilit for GM’s North American operations. GM is basexd in Detroit.
The new company has $11 billion in U.S. excluding $9 billion in preferred stock. The company expectas to go publicnext year, Chiecf Executive Fritz Henderson said during a news conference Fridauy morning. GM will cut an additional 35 percent ofits U.S. managemen employees and 20 percent of salaried employees byyear end, Henderso n said, adding he hasn’t calculatec the number of employees to be affected. The companhy will cut its overall U.S. employment to abourt 64,000 by year end, down 30 percent from the currentf 91,000. GM filed for Chapter 11 bankruptcy protection June 1. “Today startse a new era for Genera Motors and everyone associated with the Henderson said.
“Going the new General Motors is fully committed to listening to responding to consumer andmarket trends, and empowerinyg the people closest to the customer to make the Our goal is to buildx more of the cars, trucks and crossovers that customersd want, and to get them to market fasterf than ever before.” The new GM will have four core Chevrolet, Cadillac, Buick and GMC. It will have 34 nameplate s next year, down from 48. •U.S. Treasurh Department: 60.8 percent. •UAW Retiree Medical Benefits Trust: 17.5 •Canadian and Ontario governments: 11.7 percent.
•The old GM: 10 Henderson said GM intends to repayh its governmentloans “much sooner” than the 2015 due By the end of GM will operate 34 powertrain and stamping down from 47 in 2008. And it expects its plants to reach capacityduring 2011. Edwarx Whitacre Jr. is the new company’z chairman. The company eliminated its GM Nortb Americanpresident position, and Henderson takes responsibilit for GM’s North American operations. GM is basexd in Detroit.
Monday, February 7, 2011
Titans introduce Mike Munchak as coach - Los Angeles Times
houston-nearly.blogspot.com
Los Angeles Times | Titans introduce Mike Munchak as coach Los Angeles Times AP A usually conservative Mike Munchak showed off much more of his personality Monday at his first news conference as coach of the Tennessee Titans. ... |
Saturday, February 5, 2011
Oncor seeks $300M in stimulus funds - Pittsburgh Business Times:
titus-neither.blogspot.com
Oncor will apply for the fundz through the American Recovery and Reinvestment Actof 2009. The deadlinse to apply is Aug. 6. Citingy data from the Council of Economic Oncor believes the stimulus funds woule support the creationof 1,600 jobs in 2010. If the fundinfg is approved, Oncor will spend the money to deplot moresmart switches, which will help the energgy company isolate problems in neighborhoodsa and reconfigure power lines. Other enhancements will includew controlling the feeder voltage throughthe company’s capacitort control and enhancements that will help the electric provider locate electrifc delivery problems in a faster, more efficient Oncor said.
In addition, downtown electric networks will be modernizesunder Oncor’s proposed plan. Oncor also is aiming to improved itstelecommunications network, an improvement that will enhance the company’xs power grid. “Oncor’s vision for a interactive, intuitive electric grid is real, tangiblew and happening now,” said Oncor Chairman and CEO Bob “Our first considerations in seeking these stimulu grants are whether the funds will help consumers lowe their electric bills or advanc e smart grid initiatives to improve serviceand That’s where we have focused our attention and
Oncor will apply for the fundz through the American Recovery and Reinvestment Actof 2009. The deadlinse to apply is Aug. 6. Citingy data from the Council of Economic Oncor believes the stimulus funds woule support the creationof 1,600 jobs in 2010. If the fundinfg is approved, Oncor will spend the money to deplot moresmart switches, which will help the energgy company isolate problems in neighborhoodsa and reconfigure power lines. Other enhancements will includew controlling the feeder voltage throughthe company’s capacitort control and enhancements that will help the electric provider locate electrifc delivery problems in a faster, more efficient Oncor said.
In addition, downtown electric networks will be modernizesunder Oncor’s proposed plan. Oncor also is aiming to improved itstelecommunications network, an improvement that will enhance the company’xs power grid. “Oncor’s vision for a interactive, intuitive electric grid is real, tangiblew and happening now,” said Oncor Chairman and CEO Bob “Our first considerations in seeking these stimulu grants are whether the funds will help consumers lowe their electric bills or advanc e smart grid initiatives to improve serviceand That’s where we have focused our attention and
Wednesday, February 2, 2011
S&P upgrades TECO ratings, cites rate increases, risk management - Tampa Bay Business Journal:
http://justhelloween.net/scary-halloween-costumes/scary-pictures-of-halloween-costumes/
The New York-based rating agency also raisedthe short-terkm rating on Tampa Electric to form 'A-3'. The outlooik on all entities is stable. TECO TE) has roughly $3.3 billion of debt outstanding, S&Po said in a release. The higher ratingse on TECO and Tampa Electri reflectthe company's ongoing commitment to credit the release said. That has been achieve “by shedding some of its unregulated businesses, restorin its balance sheet toan investment-grade level, and focusinyg its attention on improving the utility's financial performanced through regulatory initiatives and cost control amid a stagnant service territory economy,” the S& analysts said.
TECO's business strategy is centered on the operation ofits high-quality electric and gas utilities located in historically high-growthj areas of Florida. Recent rate increases will providde a solid earnings and cash flow base on which to manages throughthe recession, and that’s evidence the utilitieds effectively manage regulatory risk, S&P said. Continued exposures to greater business risk in ventures outside of including coal-mining operations in Appalachia and electricf distribution and generation overseas, detrac from credit quality, it warned.
“The stablre outlook on TECO and subsidiaries is baserd onthe company's commitment to the redefinerd business strategy, the reconfigured and still improving balancee sheet, timely regulatory approvals to recover costs, and a stabilizedr economic picture in greater Tampa that begins to improvre in 2010.” S&P said a negative outlook or a downgradw is unlikely, but some combination of an extended recessiohn in Florida, weak coal demand, or an impairment of the Guatemala investmentg because of adverse regulatory or operationall developments could put pressure on ratings.
The New York-based rating agency also raisedthe short-terkm rating on Tampa Electric to form 'A-3'. The outlooik on all entities is stable. TECO TE) has roughly $3.3 billion of debt outstanding, S&Po said in a release. The higher ratingse on TECO and Tampa Electri reflectthe company's ongoing commitment to credit the release said. That has been achieve “by shedding some of its unregulated businesses, restorin its balance sheet toan investment-grade level, and focusinyg its attention on improving the utility's financial performanced through regulatory initiatives and cost control amid a stagnant service territory economy,” the S& analysts said.
TECO's business strategy is centered on the operation ofits high-quality electric and gas utilities located in historically high-growthj areas of Florida. Recent rate increases will providde a solid earnings and cash flow base on which to manages throughthe recession, and that’s evidence the utilitieds effectively manage regulatory risk, S&P said. Continued exposures to greater business risk in ventures outside of including coal-mining operations in Appalachia and electricf distribution and generation overseas, detrac from credit quality, it warned.
“The stablre outlook on TECO and subsidiaries is baserd onthe company's commitment to the redefinerd business strategy, the reconfigured and still improving balancee sheet, timely regulatory approvals to recover costs, and a stabilizedr economic picture in greater Tampa that begins to improvre in 2010.” S&P said a negative outlook or a downgradw is unlikely, but some combination of an extended recessiohn in Florida, weak coal demand, or an impairment of the Guatemala investmentg because of adverse regulatory or operationall developments could put pressure on ratings.
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