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, ... |
Saturday, March 31, 2012
Blackstone CIO Steps Down - Wall Street Journal (blog)
mesiaipuhuni1981.blogspot.com
Thursday, March 29, 2012
Delphi salaried retirees eye pension suit - Nashville Business Journal:
sucujovide.wordpress.com
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.
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
loxezop.wordpress.com
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.
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
lehoquvuhu.wordpress.com
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):
bojony.wordpress.com
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
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
ycoguqi.wordpress.com
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 The Hunger Games Review: 'The Hunger Games' a winning story of sacrifice and survival |
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 » |
Subscribe to:
Posts (Atom)