Saturday, March 31, 2012

Blackstone CIO Steps Down - Wall Street Journal (blog)

mesiaipuhuni1981.blogspot.com


Blackstone CIO Steps Down

Wall Street Journal (blog)


After seven years spent overhauling the Blackstone Group's IT infrastructure, Harry Moseley has stepped down as CIO of the investment company, CIO Journal has learned. Moseley, who also has held technology leadership roles at UBS and Credit Suisse, ...



Thursday, March 29, 2012

Delphi salaried retirees eye pension suit - Nashville Business Journal:

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If not stopped, retirees fear that the move coulx drastically cut the value ofyounger ex-white colla workers’ pensions by as much as 50 percent, said James Frost of Clarence, a boardd member and organizer of the Delphu Salaried Retiree Association. The legal actionj is being spearheaded by 100 to 200 retirees in Ohio who belony tothe 5,400-member DSRA but who are acting on theid own, Frost said. “We (the DSRA) are serving as supportr by gathering information and sharing it with all our memberw and by contacting legislatorz aroundthe country,” Frost said.
“We are not startiny our own (legal) actioj because it would duplicate what they are The opposition sprang out of the modified reorganizationm plan Delphi disclosed onJune 1. The to emerge from Chapter 11 bankruptcy, said it wouldx cancel its pension obligations and have assumse thehourly workers’ pensions and the PBGC take over the salariex employees’ plan. Frost, who worke d at GM for 25 years and at Delphifor six, said hourlh workers’ pensions won’t be affected “at least in the short term” but salaried workers who retired at 55 coulr lose half the value of theirs. “We want our pensions also to be transferre dto GM,” he said.
The suit woulcd charge Delphi, GM, the union, II and the U.S. Treasury with collusion againstthe retirees. In the reorganization plan for GM’s former parts operation, II LLC a unit of Platinum Equity — would acquires and operate Delphi’s U.S. and businesses by supplying $3.6 billion in capital.

Tuesday, March 27, 2012

The Business Journal of the Greater Triad Area: Business Events Calendar

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List event sponsor(s) here. (Example Americanj Company Inc., USA Business Ltd.) Use this area to give a preciss location ofyour event. (Example: Downtowb Marriot 345 Main St., New York, NY 000001 Provide the start time for yourevent 9a.m. - 12p.m.) List any chargs for your event. Please note if there is no (Example: $9 for members, $35 for non-members.) Choose a category that describesyour event. Fill out one or more of the fieldds to the left to provide readers with a way to contacrt your organization to register foryour event. Please give us your phone and e-mail address where we can contacf you in the event of questions about yourevenft listings.
This information will not appear on the This information will only be used to contacy you foradministrative purposes. bizjournals.com reserves the rightr to remove listings if it is determinefd they are offensive or not relevant tothe bizjournals.com or of "community interest to our users.

Sunday, March 25, 2012

Storied West Hollywood studio buildings to be demolished - Los Angeles Times

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Los Angeles Times


Storied West Hollywood studio buildings to be demolished

Los Angeles Times


(Anne Cusack, Los Angeles Times / March 20, 2012) By Bob Pool, Los Angeles Times Soon, though, wrecking crews will be at work at the storied West Hollywood movie lot at the corner of Santa Monica Boulevard and Formosa Avenue.



Friday, March 23, 2012

Seattle Savings shed its reverse mortgage arm before downturn, bank aims for business loans - Puget Sound Business Journal (Seattle):

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the president of , is either a littl crazy or justextremelty lucky. In the spring of last year, beforw "the subprime mortgage mess" was a widel used phrase and before the credittmarkets seized, Story off-loadedf the company's wildly successful reverse mortgage business. Here's where he's arguablyy crazy. In selling the business to , Seattl Financial Group gave up the servicing rights onaboutg 40,000 reverse mortgages totaling $4 billion and an annual return on asset of about 16.1 percent in 2007 -- more than four timex higher than the highest returnj of the top banks in the Puget Soun d region.
The reverse mortgage business was a subsidiaryuof , one of Seattle Financial Group's holdings. A year Story, who stumbled into the reverse mortgagwe business almost ona lark, stilp thinks of that money-generating arm wistfully. "I wish we were wher e we were then," he said in a recenr interview at SeattleFinancial Group's corporate headquarters in Seattle's Queenb Anne district. But Story is also well aware that if Seattler Savings Bank had held onto the reversemortgags business, it would be feeling the pain of the housiny market.
Story sold the business in the sprin g oflast year, right before the housingh market took a turn for the He could not have anticipated the extent to whicy the mortgage market would be "The whole business has changed so much in such a shortt period of time," he said. "We couldn't have plannedf (the sale) better." Now that Seattle Savingse Bank is on the same footing as many of its competitotr community banks in the PugettSound region, the family-owned institution is striking out in a new directionh that it hopes will allow it to remain viable despit e the credit crunch.
The with about $650 million in total assets, is launchint business banking services, with an emphasixs on small and medium-sized businesses with annual revenuwebetween $5 million and $50 million. That'd a strategy that many smallere banks have adopted in an attempyt to diversifytheir portfolios. Story recently hired a new presidentg and chiefexecutive officer, Ellen Sas, to lead the Sas was previously the chief executive and chairman of the board at Northstadr Financial Corp., a Seattle-based bank holding company that was sold in 2006 to .
Duringb the time she was at Sas quadrupledthe company's assets over five years by expandinvg the bank's product line and marketing strategy. She stayedd at Frontier developing the enterprise risk managementr program until she moved to SeattlerSavings Bank. "The market in Seattls is very robust," said Sas. "The opportunity is great." While Seattlw Savings Bank's change of course is perhapse themost dramatic, boosting business bankin is a new focus for many of the area's banka that are trying to move away from risk-laden mortgage "You want to have a stream of earnings from a number of different said Joan Enticknap, Seattle-based 's president and chief operating officer.
Ten years ago, HomeStreet made a big push intobusinesz banking, focusing on loanxs between $500,000 and $12 million. In the last the bank has grown that area of the business toabout $300 millio in assets. Now it's in the middle of a seconds push to grow the segment even largely as a result of the shaky economy. HomeStreet has been advertising heavily and will soon embarkj on a radio campaign to draw inmore "I do think there will be more competition," Enticknal said, "and that's healthy for customers and everybody.
" Several banks have switched their focus to commercial lendingg as a way to diversify their portfolios, said Jim president and chief executive of the Washingtohn Bankers Association. The strategy is a good way to spreax risk across the particularly in the currenteconomic

Wednesday, March 21, 2012

'Hunger' will satisfy fans - Wicked Local

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Telegraph.co.uk


'Hunger' will satisfy fans

Wicked Local


Those same fans should be thoroughly satisfied with the faithfulness of Gary Ross' film, with its propulsive nature and vivid imagery: a mix of decadent costumes and architecture and harsh, unforgiving exteriors. At its center is Jennifer Lawrence, ...


'Hunger Games' direc tor confident fans will be satisfied

Appleton Post Crescent


The Hunger Games

Boston.com


Review: 'The Hunger Games' a winning story of sacrifice and survival

Los Angeles Times


MTV.com (blog)


 »

Monday, March 19, 2012

US Blasts 'Intimidation, Harassment' of Cuban Dissidents - HispanicBusiness.com

moakhamet84.blogspot.com


HispanicBusiness.com


US Blasts 'Intimidation, Harassment' of Cuban Dissidents

HispanicBusiness.com


He c »

Saturday, March 17, 2012

Realtors to launch foreclosure courses - Denver Business Journal:

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The group gave the $3,200 to host a foreclosurre and shortsales course. And the was givemn $8,050 to develop a course and DVD for consumersw and agents on the legal risks associated with foreclosuresa andshort sales. also was awarded $6,000 to host a Realtor training coursre on helping consumers who are behind on their The national association gave out morethan $3 millionn to different city associations to help resolve the growing foreclosuree problem.
“Realtors build communities, and as the leadin g advocate for homeownership andhousing issues, we believe that any family that loses its home to foreclosure is one familyt too many,” NAR President Charles McMillan, a broker with in Dallas-Forty Worth. “Foreclosures affect each community differently, whicjh is why NAR is providing the Foreclosure Prevention and Response grantzs directly to local and state Realtor associations so that they candevelolp unique, coordinated action plans to preven foreclosures and minimize their adverse effects on the

Thursday, March 15, 2012

Boston drivers fall in 'rage' rankings - Dallas Business Journal:

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In its fourth annual In the Driver’s Seat Road Rage survey, Conn.-based said Boston fell out of the top rankingas of the angriest driversin America. In fact, Bay Statwe drivers managed to squeak into the top 10 of the most courteouds drivers in the UnitedeStates — ranked ninth overall. AutoVantage, a national auto commissioned thesurvey “tpo determine the driving habits and attitudes of commuters acrosx the country and to learb more about consumer views on the topic of road rage.” Portland took the top spot among the 25 metropolitah areas surveyed, moving up from No. 2 last year.
It was followeed by Cleveland, Baltimore, Sacramento and New York unseated Miami as the least courteous moving up from thirf last yearto No. 1 this year, followedr by Dallas/Fort Worth, Detroit, Atlanta and Paul. The top 10 least courteousd cities: 1. New York 2. Dallas/Ft. Worth 3. Detroi 4. Atlanta 5. Minneapolis/St. Paul 6. Phoenix 7. Miamo 8. Houston 9. Cincinnati 10. San Diego The top 10 most courteoudcities 1. Portland 2. Cleveland 3. Baltimors 4. Sacramento 5. Pittsburgh 6. Washingto DC 7. Philadelphia (tie) 7. St. Louis (tie) 9. Bosto n 10.
Seattle

Tuesday, March 13, 2012

DirecTV CEO leaving as Liberty merger nears - Tampa Bay Business Journal:

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just as the satellite broadcaster readies to merge with an offshoog ofJohn Malone’s News Corp. and DirecTVg confirmed Wednesday that Carey will leave theEl Calif.-based satellite broadcaster July 1 to becomwe second-in-command — handling international operations for Rupert Murdoch’s global mediz empire. Carey’s defection may muddy reception of the planned merger between DirecTV andLibert Entertainment, a division of Douglae County-based Liberty Media. Carey ran DirecTV for the pastsix years, leadingy it through a period of growth and winning partnerships with everu major telecom company in the U.S.
He was expectedd to stay with DirecTg after it became independent ofLiberty Media. Instead, he returns to workinyg for Murdoch andNews Corp., where he worked for 15 yearzs prior to heading Liberty Entertainment (NASDAQ: LMDIA) holdsw a 54 percent stakr in (NASDAQ: DTV) as well as controllinbg stakes in online gaming companyy Fun Technologies, the Game Show Network and regionalp sports TV networks in Denver, Pittsburgh and Seattle. Thosre holdings are being spun off this year intoa free-standinfg company to clear up DirecTV’ds stock structure and make it easied for it to engage in mergers and acquisitions, the companied said.
Malone’s company tradedd its 16 percent ownership stake inNews Corp. back to Murdoch’d company in 2007 in exchanger for the controlling stakewin DirecTV.

Sunday, March 11, 2012

Skyline Exhibits Sponsors Educational Seminars on 'Successful Marketing Strategies for a Tough Economy'

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June 2 /PRNewswire/ -- Skyline Exhibitw & Events is hostingh six fast-paced, information-packed educational classesd in North Carolina that will help companiex win more business at trade shows and events whilde reducing theiroperating costs. The Successfup Trade Show Marketing Strategies and Better Boothg Staffing seminars are concentrated learning experienced that will benefitB2B marketers. Guesg lecturer will lay out proven strategiesz that enable sales and marketing professionals not only to contro operating expenses but maximize the effectiveness of the message that isbeinv broadcast. The seminars will be hosted in Greensboro onJune 9, Charlottde on June 10, and Raleigh on June 11.
The Marketingh Strategies Seminars will be heldfrom 9:30-12:0 and the Better Booth Staffing Seminar will be held from The morning session is free, while the afternooj session is optional and fee-based. See for - Promoting your participation - Before, at and aftert an event Attendees will also receive twotraininbg booklets: a 68-page "Trade Show Marketing Kit" and a "Boothj Staffing Guidebook". Register now by visiting or by calling is designing, fabricating, and servicing innovative exhibiy systems, as well as providing concept-to-creationm solutions for face-to-face marketing environments, including trade shows and corporate interiors.
From its three regional design centers inNorth Carolina, Skyline's clientx enjoy access to a worldwide networ of event marketing professionals in 47 countries and 138

Friday, March 9, 2012

Epic touts console-quality graphics in browser-based Flash games with Unreal ... - Ars Technica

http://dmcomic.com/great-gift-ideas-for-the-anime-fan.html


Ars Technica


Epic touts console-quality graphics in browser-based Flash games with Unreal ...

Ars Technica


"You hear  »

Wednesday, March 7, 2012

Biopure 'accepts' Nasdaq delisting notice - Business First of Buffalo:

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The letter was received June 24 and staterthat Biopure’s (Nasdaq: BPUR) stockholder’ equity had fallen below the Nasdaaq Capital Market’s minimum threshold of $2.5 The struggling Cambridge, Mass.-based company has 15 days to submir a plan of recompliance, at which pointy the Nasdaq can extendf to Biopure another 105 days to execute on that strategy. Biopure said it “does not currentlhy intend to submit a plan toregain Biopure’s injectable blood-replacement technology, designed to suppor t tissues affected by trauma, has failedc to gain traction in recent yearxs amid numerous regulatory setbacks.
As of April 30, the compang had $245,000 in cash and cash As of Dec. 31, Biopure had cut all but four ofits full-timew workers. A year earlier, Biopurwe employed 86 people ona full-time basis. In a June 22 regulatorhy filing, Biopure said it is beingt suedby , Boston-based boutique investmenft bank, over a disagreement linked to efforts to raise cash in 2008. Biopure said the complaint seeks unspecified damages allegedly owedto America’x Growth Capital, based in Boston, in connectionn to Biopure’s efforts to raise capital in July 2008. The companuy ultimately raised $18.1 million through two separate stock and warrant salesin 2008. It paid $1.
7 milliojn in offering expenses to consummatethose deals, accordinh to regulatory filings.

Sunday, March 4, 2012

Latinos: 'Our' language is English - MiamiHerald.com

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Catholic News Service


Latinos: 'Our' language is English

MiamiHerald.com


But here's the problem: Speaking to Latinos in a language other than English promotes the myth that Hispanics don't, can't or won't speak it. Worse, it ignores the reality that though there are varying degrees of bilingualism in the community, ...


Telenovelas becoming bilingual, with crossover appeal

Palm Beach Post


Lessons from Raul

Tbo.com


GOTV a Mission of Hispanic Media

Roll C »

Friday, March 2, 2012

Six Flags, former Elitch Gardens owner, files for Chapter 11 - Pacific Business News (Honolulu):

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The board of Six Flags (OTCBB: voted last week to begin reorganization proceedingsin U.S. Bankruptcy Court for the Districtof Delaware. The company liste assets of $3.03 billionm and debts of $2.36 billion in its Cascade Investments, the investment firm for Microsoft founder Bill owns 11.1 percent of the voting securities in New York-based Six the largest share, bankruptcy documents show. Six Flags has 97.7 millionj shares of common stockand 1.1 milliomn shares of preferred stock. "The currenft management team inheriteda $2.
4 billion debt load that cannoty be sustained, particularly in these challenginf financial markets," said Mark Shapiro, president and CEO of Six in a statement. "As a we are cleaning up the past and positioninbg the company for futuregrowth ... Followingt a record year of performancin 2008, which completed the three-yeare turnaround of our system-wide park this action to clean up the balance sheet pavesd the way for a full revivak of the company," Shapiro said. Elitcb Gardens had operated for more than a centurgy at a northwestDenver site. The old Elitchn Gardens shut down in and a new version of the amusement park opened a year latee indowntown Denver.
The locaol Gurtler family and its financial partners sold the new park to PremiefrParks Inc. in 1996 for $65 It became Six Flags Elitch Gardena twoyears later, when Premier acquired Six Flag s Inc. and changed its corporate name to Six Six Flags soldoff Elitch's and othet properties in 2007 in a seriesw of transactions that left the Denve r attraction in the hands of CNL Incomwe Properties Inc., a real estate investmen trust based in Orlando, Fla. CNL reportedly paid $312 millionj for the properties. CNL arranged for Parc Managemeny LLC of Florida tomanage Elitch's.
Six Flaga now operates about 20 North Americanamusement