steinberg-virus.blogspot.com
"They used free lunches as the low-techn bait for their high-scalre scheme," said Robert Khuzami, director of the SEC'sd Division of Enforcement. The SEC alleges elderly and retired investorsd were lured into purchasinbg highly unsuitable variable annuitiesx with lucrative sales commissions while ignoring the financiakl goalsof victims. The SEC alleges that Eric J. Browhn of Highland Beach, Matthew J. Collina of Boynton Beach, Kevin J. Walsh of Viera, and Mark W. Wellss of Boca Raton, were among thoses offering and sellingthe annuities.
It’s alleged that the firm and its representativee earned millions of dollars in sales PCS is aregistered broker-dealer and wholly-owned subsidiaryg of Gilman Ciocia, an income tax preparatio n business headquartered in Poughkeepsie that offerse financial services in New York, New Pennsylvania and Florida. Robert Heim, a NewYork attorney who representwsPrime Capital, Gilman Ciocia, and severap of the individuals, including Collins and said the conduct at issue in the complaintf is "very old" and occurred in the late 1990a and early 2000.
He said the compant reached a settlement withthe (FINRA), when it was called the As part of that the company implemented some wide-ranging updates to its supervisoryy and compliance systems in Heim said. He added that he didn'tt know why the SEC was going over thesame "All of these issues were addressed yearsa ago and we feel the company's response has been appropriate," he said. Whilee Brown and Walsh have since left, Collins and Welles are still with the he said. An administrative law judge will determine whether the allegation s against the respondents aretrue and, if so, whether they shoul d be ordered to cease and desistr from future violations.
Sunday, May 15, 2011
Friday, May 13, 2011
Business Journal names 30 under 30 winners - Houston Business Journal:
grachevakautawil.blogspot.com
The awards honor 30 outstanding St. Louis-area business leaders under the ageof 30. The winnera are: Craig Albrecht, ; Evan Ardoin, ; Rob Eidelman Capital Management; |Gundaker Commercial; Candice Brown, Bethesda Dilworth; Cassie Burd, Butlers Pantry; Rep. Don Missouri House of Representatives; Kyle Darnell, .; Paul ; Kate Ewing, ; Erin Fann, ; Melissa Glauber, ; Kevi n Haar, ; Kate Heideman, ; Anna ; James Knowles, ; Kate Kromann, ; Katy ; Peter MacKercher, ; Christallyn McCloud, ; Sarah ; Katherine Murray, ; Lauren Niebruegge, ; Clarissa ; Keisha Patrick, ; William Reisner, ; Natashaa Rogers, ; Sondra Terry, ; Stephanie ; and Tricia Zimmee Ferguson, .
The winners will be featured in theBusinessx Journal’s special section July 10 and celebratedc at an awards reception July 16. The award are sponsored by the Crosby MBA Programm at Universityof Missouri-Columbia. For more information about the event, contact Kelly Rowland at (314) 421-830y7 or krowland@bizjournals.com.
The awards honor 30 outstanding St. Louis-area business leaders under the ageof 30. The winnera are: Craig Albrecht, ; Evan Ardoin, ; Rob Eidelman Capital Management; |Gundaker Commercial; Candice Brown, Bethesda Dilworth; Cassie Burd, Butlers Pantry; Rep. Don Missouri House of Representatives; Kyle Darnell, .; Paul ; Kate Ewing, ; Erin Fann, ; Melissa Glauber, ; Kevi n Haar, ; Kate Heideman, ; Anna ; James Knowles, ; Kate Kromann, ; Katy ; Peter MacKercher, ; Christallyn McCloud, ; Sarah ; Katherine Murray, ; Lauren Niebruegge, ; Clarissa ; Keisha Patrick, ; William Reisner, ; Natashaa Rogers, ; Sondra Terry, ; Stephanie ; and Tricia Zimmee Ferguson, .
The winners will be featured in theBusinessx Journal’s special section July 10 and celebratedc at an awards reception July 16. The award are sponsored by the Crosby MBA Programm at Universityof Missouri-Columbia. For more information about the event, contact Kelly Rowland at (314) 421-830y7 or krowland@bizjournals.com.
Tuesday, May 10, 2011
Louisville airport adds service to speed security lines for regular travelers - Atlanta Business Chronicle:
http://www.buffalorising.com/cgi-bin/mt/mt-cp.cgi?__mode=view&blog_id=11&id=8118
Working with Vigilant Solutionsof Fla., the airport has launched the Preferred Traveler/Registered Traveler Program. The program, certified by the federal , allows busy travelers to register information with Vigilant Solutions so they can speede the securityscreening process. To participate, travelers can complete an application at and visif the localprogram office, located on the departure level of the next to the branch, according to informationn from the . At the which is open Monday through Friday, 6 a.m. to 12:300 p.m., an attendant will take fingerprints andiris scans.
Members receive a card that allows them to use the Registered Traveler security lanes at 21 participating airportsw in theUnited States. The annua cost is $149 for silver level (lane accessd and discounts), $249 for gold levelo (lane access, discounts and free parking), and $349 for platinumk level (lane access, discounts and free parkinfg and membership tothe airport’s Altitudw Club.) For more information, visirt or call (502)
Working with Vigilant Solutionsof Fla., the airport has launched the Preferred Traveler/Registered Traveler Program. The program, certified by the federal , allows busy travelers to register information with Vigilant Solutions so they can speede the securityscreening process. To participate, travelers can complete an application at and visif the localprogram office, located on the departure level of the next to the branch, according to informationn from the . At the which is open Monday through Friday, 6 a.m. to 12:300 p.m., an attendant will take fingerprints andiris scans.
Members receive a card that allows them to use the Registered Traveler security lanes at 21 participating airportsw in theUnited States. The annua cost is $149 for silver level (lane accessd and discounts), $249 for gold levelo (lane access, discounts and free parking), and $349 for platinumk level (lane access, discounts and free parkinfg and membership tothe airport’s Altitudw Club.) For more information, visirt or call (502)
Sunday, May 8, 2011
Government still the biggest industry in Hawaii - New Mexico Business Weekly:
esivyjifag.wordpress.com
A few industries have grown faster over the past but government isstill No. 1 in the amoun it contributes to Hawaii’s economy, well aheadr of real estate and even In fact, the economic footprinft of federal, state and local government in Hawaiui expanded three times more than in the natiobn as a whole, according to statistics recentl released by the . The statistics, adjusteds for inflation, show that government’s contributiohn to the Hawaii economy grewfrom $4.8 billiomn in 1998 to $6.6 billiob in 2008, a 36 percent increase. By contrast, government growtj for the United Statee duringthe 10-year period amountes to 12 percent.
And Hawaii is growing more dependent on governmenrt to drive its In 2008, government accounted for 24 percengt of Hawaii’s $28 billion gross domestic produc t — which is defined as the tota market value of goods and servicezs produced during a given period — up from 22 percenty in 1998, according to the data, adjusted for inflationn by the Economic Research Organization. Not only is government Hawaii’s biggest industry but it’s the biggesyt employer, with 125,000 More than half of those, 74,300, work for the statee of Hawaii, according to the Departmenyt of Business, Economic Development and Tourism’s second quarter economic report.
That meanzs the layoffs, furloughs and deep cuts to state governmenrt services being planned will have a broader effecton Hawaii’s economy than even layoffx in the tourism industry. Private industrt GDP peaked in Hawaiuin 2006, but governmentr grew steadily every year during the decade, exceptg for a slight blip from 2000 to and grew another 3 percent from 2007 to even when most private industries were beginning to scale back. Total government jobs grew by 11 percenrt in Hawaii duringthe decade, with state jobs growing by 14 percent.
Total jobs in Hawaiu grew by 16 perceny duringthe decade, but fell by 4 percenr during the first quarter of 2009, compared to the firsty quarter of last year, according to DBEDT. In privatee industry, construction outpaced all other sectors in growth in Hawaiji over the last10 years, followed by real estates and professional and technical services. Government was fourth in terms of The numbers also reveal that the five largestg sectors in Hawaii were unchanged from 1998to 2008, with governmenrt on top, followed by real estate, accommodatio and food services, retail and healtjh care.
Of those sectors, only real estate and government outpaced the United States in percentagd growth forthe 10-yeatr period. Construction grew by 61 percentg overthe decade, just as the industry experienced a 20.5 perceng decline nationally. The decade coincidefd with the latestconstruction cycle, noted Universityy of Hawaii economist Carl Bonham, UHERO’s director. “What you have in the constructionb sectorfrom ’98 to 2008, it’s almost exactlty the bottom of construction jobs to the peak,” Bonha said.
After slipping from $977 million GDP in 1998 to $955 millio n in 1999, construction began a steady climb in startingwith $1 billion in GDP, and peaking in 2006 at more than $1.7 billiob before backing down to just under $1.6 billion in 2008, according to the statistics. Constructiohn is likely to drop furtherthis year, and even more in 2010 and according to UHERO’s latest statewidwe forecast.
A few industries have grown faster over the past but government isstill No. 1 in the amoun it contributes to Hawaii’s economy, well aheadr of real estate and even In fact, the economic footprinft of federal, state and local government in Hawaiui expanded three times more than in the natiobn as a whole, according to statistics recentl released by the . The statistics, adjusteds for inflation, show that government’s contributiohn to the Hawaii economy grewfrom $4.8 billiomn in 1998 to $6.6 billiob in 2008, a 36 percent increase. By contrast, government growtj for the United Statee duringthe 10-year period amountes to 12 percent.
And Hawaii is growing more dependent on governmenrt to drive its In 2008, government accounted for 24 percengt of Hawaii’s $28 billion gross domestic produc t — which is defined as the tota market value of goods and servicezs produced during a given period — up from 22 percenty in 1998, according to the data, adjusted for inflationn by the Economic Research Organization. Not only is government Hawaii’s biggest industry but it’s the biggesyt employer, with 125,000 More than half of those, 74,300, work for the statee of Hawaii, according to the Departmenyt of Business, Economic Development and Tourism’s second quarter economic report.
That meanzs the layoffs, furloughs and deep cuts to state governmenrt services being planned will have a broader effecton Hawaii’s economy than even layoffx in the tourism industry. Private industrt GDP peaked in Hawaiuin 2006, but governmentr grew steadily every year during the decade, exceptg for a slight blip from 2000 to and grew another 3 percent from 2007 to even when most private industries were beginning to scale back. Total government jobs grew by 11 percenrt in Hawaii duringthe decade, with state jobs growing by 14 percent.
Total jobs in Hawaiu grew by 16 perceny duringthe decade, but fell by 4 percenr during the first quarter of 2009, compared to the firsty quarter of last year, according to DBEDT. In privatee industry, construction outpaced all other sectors in growth in Hawaiji over the last10 years, followed by real estates and professional and technical services. Government was fourth in terms of The numbers also reveal that the five largestg sectors in Hawaii were unchanged from 1998to 2008, with governmenrt on top, followed by real estate, accommodatio and food services, retail and healtjh care.
Of those sectors, only real estate and government outpaced the United States in percentagd growth forthe 10-yeatr period. Construction grew by 61 percentg overthe decade, just as the industry experienced a 20.5 perceng decline nationally. The decade coincidefd with the latestconstruction cycle, noted Universityy of Hawaii economist Carl Bonham, UHERO’s director. “What you have in the constructionb sectorfrom ’98 to 2008, it’s almost exactlty the bottom of construction jobs to the peak,” Bonha said.
After slipping from $977 million GDP in 1998 to $955 millio n in 1999, construction began a steady climb in startingwith $1 billion in GDP, and peaking in 2006 at more than $1.7 billiob before backing down to just under $1.6 billion in 2008, according to the statistics. Constructiohn is likely to drop furtherthis year, and even more in 2010 and according to UHERO’s latest statewidwe forecast.
Friday, May 6, 2011
LendingTree expands product offering - Pacific Business News (Honolulu):
qalymeled.wordpress.com
According to the its customer-retention technology identifies customers byloan loan-to-value ratio, loan purpose and FICO “With refinancing activity from borrowers representing a significantf portion of overall origination volume, our lenderr network has expressed a desire to capture and retain current mortgage customers,” says Bob Harris, president of the LendingTre e Exchange. “As part of the LendingTrede network, banks and lenders that use ournew customer-retention initiativwe will be able to significantly impacyt the ratio of overall mortgage portfolio retained, just as effectivel y as they can attract new borrowers.
” LendingTre is owned by Charlotte-basedr (NASDAQ:TREE), an online lending and real estatde company. Tree.com’s principle businesses are LendingTree, whicgh matches potential mortgage borrowersto lenders, and which works with individuals seeking homew and real estate agents. LendingTred says it has facilitated more than 25 millioj requests for loans onlindand $185 billion in closedf loan transactions.
According to the its customer-retention technology identifies customers byloan loan-to-value ratio, loan purpose and FICO “With refinancing activity from borrowers representing a significantf portion of overall origination volume, our lenderr network has expressed a desire to capture and retain current mortgage customers,” says Bob Harris, president of the LendingTre e Exchange. “As part of the LendingTrede network, banks and lenders that use ournew customer-retention initiativwe will be able to significantly impacyt the ratio of overall mortgage portfolio retained, just as effectivel y as they can attract new borrowers.
” LendingTre is owned by Charlotte-basedr (NASDAQ:TREE), an online lending and real estatde company. Tree.com’s principle businesses are LendingTree, whicgh matches potential mortgage borrowersto lenders, and which works with individuals seeking homew and real estate agents. LendingTred says it has facilitated more than 25 millioj requests for loans onlindand $185 billion in closedf loan transactions.
Tuesday, May 3, 2011
Menswear store Harleys moving to Lakewood Building - Houston Business Journal:
http://infotreksys.com/protection.htm
Owner Tim Ryan had said late in 2008 that he was planninb to remodel and cut 50 percent ofthe store’w floor space at 4009 N. Oakland Ave. However, Ryan announce d Tuesday the store will relocate toa 4,100-square-footf space in the Lakewood Building, 3575 N. Oaklands Ave., in September. Ryan, who owns Harleys with his Janet, said he wanted to stay in Shorewood. “This is our home and we are deeplyg committed tothe community,” he said. Ryan said one of the advantagez of the new siteis off-stree parking. The Lakewood Building, a mixed-use residential/commercia l property constructed in is undergoinga $1.2 million renovation. The buildingt is owned by Garretty McIntosh.
Harleys has contracted with architectg Stephen Bollingbroke of Development Collaborative Limited in Mequonj to do aninterior buildout. The village of Shorewooe provided financial incentives to both the buildiny owner and Harleys to improve the facade and interiof space of the Lakewood Building.
Owner Tim Ryan had said late in 2008 that he was planninb to remodel and cut 50 percent ofthe store’w floor space at 4009 N. Oakland Ave. However, Ryan announce d Tuesday the store will relocate toa 4,100-square-footf space in the Lakewood Building, 3575 N. Oaklands Ave., in September. Ryan, who owns Harleys with his Janet, said he wanted to stay in Shorewood. “This is our home and we are deeplyg committed tothe community,” he said. Ryan said one of the advantagez of the new siteis off-stree parking. The Lakewood Building, a mixed-use residential/commercia l property constructed in is undergoinga $1.2 million renovation. The buildingt is owned by Garretty McIntosh.
Harleys has contracted with architectg Stephen Bollingbroke of Development Collaborative Limited in Mequonj to do aninterior buildout. The village of Shorewooe provided financial incentives to both the buildiny owner and Harleys to improve the facade and interiof space of the Lakewood Building.
Sunday, May 1, 2011
Mercury News workers OK 9% pay cut - Kansas City Business Journal:
fabyqyku.blogspot.com
The new contract cuts pay 7 percent for the rest of and slashes an additional 2 percen t from paychecks starting onNew Year’sx Day. The Media Workers Guild’s Northern Californiw unit announced late last week that it had reachedx a tentative contract deal with the Mercury News for its 257 membersa atthe paper. The contactf also increases employee health insurancde contributions and makesother concessions. The Guild represents 257 MercuryuNews employees, including 130 in editorial jobs and 127 in circulation, finance and support positions. A ratification meeting to discuss and vote on the proposesd contract was heldMonday afternoon. The new contract expires Nov. 30, 2010.
Othed concessions include reduced vacation accruals and movingthe Merc’w copy desk to Walnut Creek, where MediaNews’ is based. It owns the Mercur News and 11 other daily papers in the which include virtually all of the dailty papers in the Bay Area exceptr theand . “This is a tough contract that will hurt a lot of our but it reflects the terribles situation that the news industryt and the countryis in,” San Jose Guild Presidentt Sylvia Ulloa said in a statement published in the Mercur y News . Ulloa was on the bargaininb committee that negotiatedwith management.
“The committee did the best we coulds do to limit the damage toour members, minimize the loss of jobs and to try to maintaih the quality of the Mercuru News.” The deal would also permit management to requirer up to five furlough days in move remaining circulation and finance jobs to the Bay Area News Group’w shared services center in San consolidate advertising functions in the East Bay and San hire commission-only sales representatives to developo new business, and win some additional subcontractingf rights, according to the Guild. The contracft negotiations have taken place during grim timees fordaily newspapers.
Several major papers have foldexd inrecent months, including the and the print version of the , and many major metropolitan papers, includinb the San Francisco Chronicls , , , and face daunting financial challenges.
The new contract cuts pay 7 percent for the rest of and slashes an additional 2 percen t from paychecks starting onNew Year’sx Day. The Media Workers Guild’s Northern Californiw unit announced late last week that it had reachedx a tentative contract deal with the Mercury News for its 257 membersa atthe paper. The contactf also increases employee health insurancde contributions and makesother concessions. The Guild represents 257 MercuryuNews employees, including 130 in editorial jobs and 127 in circulation, finance and support positions. A ratification meeting to discuss and vote on the proposesd contract was heldMonday afternoon. The new contract expires Nov. 30, 2010.
Othed concessions include reduced vacation accruals and movingthe Merc’w copy desk to Walnut Creek, where MediaNews’ is based. It owns the Mercur News and 11 other daily papers in the which include virtually all of the dailty papers in the Bay Area exceptr theand . “This is a tough contract that will hurt a lot of our but it reflects the terribles situation that the news industryt and the countryis in,” San Jose Guild Presidentt Sylvia Ulloa said in a statement published in the Mercur y News . Ulloa was on the bargaininb committee that negotiatedwith management.
“The committee did the best we coulds do to limit the damage toour members, minimize the loss of jobs and to try to maintaih the quality of the Mercuru News.” The deal would also permit management to requirer up to five furlough days in move remaining circulation and finance jobs to the Bay Area News Group’w shared services center in San consolidate advertising functions in the East Bay and San hire commission-only sales representatives to developo new business, and win some additional subcontractingf rights, according to the Guild. The contracft negotiations have taken place during grim timees fordaily newspapers.
Several major papers have foldexd inrecent months, including the and the print version of the , and many major metropolitan papers, includinb the San Francisco Chronicls , , , and face daunting financial challenges.
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