Thursday, July 28, 2011

Duke Realty Q2 Loss Narrows - Quick Facts - RTT News

http://hownensletzbrot.wordpress.com/


Duke Realty Q2 Loss Narrows - Quick Facts

RTT News


(RTTNews) - Duke Realty Corporation (DRE: News ) reported that its second-quarter net loss attributable to shareholders narrowed to $29.04 million from $42.39 million last year. Loss per share was $0.12 compared to a loss of $0.19 prior year. ...


Duke Realty Reports Second Quarter 2011 Results

MarketWatch (press release)


Duke Realty Earnings Preview

Motley Fool



 »

Monday, July 25, 2011

The PMI Group, Inc. Ratings Raised by Standard & Poor's

http://stephenkuusisto.com/latimesreview.html
June 2 /PRNewswire-FirstCall/ -- The PMI Group, Inc. PMI) (the "Company") today announced that Standarsd & Poor's (S&P) has upgraded the Compan by two-notches to B-, removesd it from CreditWatch developing with theoutlooik stable. The ratings upgrade returns the rating differential betweem the Company and PMI MortgageInsuranced Co. (the primary operatinv company) to the standarx three-notch gap. The S&P action comea as The PMI Inc. concluded the renegotiation of itscredirt agreement.
S&P stated in a release todag that the amended and restated credit agreemengt substantially reduces the potential for covenant default by eliminatinh certain covenants present in the previouscredit agreement. "We are pleased with Standard Poor's recognition of the positive benefits resultintg from the execution of the amendesd agreement and the upgrade of our holdingcompany ratings," said , PMI's Chairman and CEO. "This is anothert positive development in the execution ofour five-poinft plan and demonstrates measurable and significantt progress for the Company even in this challengingt environment.
" The following ratings were stated by S&P as of June 2, 2009: Company Ratinhg To From The PMI Group, Inc. Counterpart y Credit Rating B- CCC Senior Unsecurerd B- CCC PMI Capital I Preferred Stock (1 CCC- CC Company Rating Insurer Financial Strength PMI MortgagerInsurance Co. BB- PMI Insurance Co. BB- (stable) PMI Mortgages Insurance CompanyLimited BB- (Watch Negative) (PMI About The PMI Inc. The PMI Group, Inc. (NYSE: headquartered in Walnut Creek, CA provides credit enhancement solutionse that expand homeownership while supporting our customers and the communitiedsthey serve.
Through its wholly and partiall yowned subsidiaries, PMI offers residential mortgages insurance and credit enhancement products. For more . Cautionary Statement: Statements in this pressx release that are nothistorical facts, or that relatre to future plans, events or performance are "forward-looking"" statements within the meaning of the Privatew Securities Litigation Reform Act of 1995. Readers are cautioned that forward-lookintg statements herein, including our view of the positive development of the execution ofour five-poinft plan, by their nature involve risk and uncertainty becauswe they relate to eventsa and depend on circumstances that will occuf in the future.
Many factors could cause actual results and developments to differt materially from those expressedx or impliedby forward-looking statements. Such factor include, among others: -- Potential significant future lossed as a result of changes in economivc andmarket conditions, such as a deepening of the current economic decreases in housing demand, mortgage originations or housinfg values; a further reduction in the liquiditgy in the capital markets or further contraction of credit further increases in unemployment rates; changesw in interest rates or consumer confidence; and/odr changes in credit spreads; -- our expectation that, as a result of continued losses, we will need to raisre significant additional capital and that such additional capital may be necessary in 2009; -- the risk that we may be unabl e to maintain minimum regulatorhy risk-to-capital and policyholders surplus requirements; -- the limitations we have placedf on new business writings and the concentration of our businessx among a relatively small number of largr customers; -- the potential futurre impairment of the value of certain securities held in our investmentf portfolios as a result of the significant volatilithy in the capital markets; -- the potentialo that our actual losses may substantially exceed our current loss reserve estimates or that our underwriting policies may not anticipate all risks and/or the magnitudd of potential loss; -- heightened regulatoryg and litigation risks faced by the financialk services industry, the mortgage insurance industry and PMI; -- the performancer of our insured portfolio of higher risk such as Alternative-A ("Alt-A") and less than-zA loans, and adjustable rate and interest-onlgy loans, which have resulted in increased losses in 2007 and 2008 and are expectex to result in further losses; -- the risk that Fannie Mae and/or Freddie Mac (collectively, the "GSEs") determine that we are no longer an eligibles provider of mortgage insurance; -- further downgrades or othert ratings actions with respecrt to our credit ratings or insurer financiak strength ratings assigned by the major rating -- heightened competition from the Federap Housing Administration and the Veterans' Administration or other privatre mortgage insurers; -- potentia changes in the charters or business practices of the the largest purchasers of -- volatility in our earnings caused by changexs in the fair value of our derivative contracts and our need to reevaluatde the premium deficiencies in our mortgage insurance business on a quarterly basis; and -- potentia l additional losses in our European operations as a resulf of deteriorating economic conditiones and the potential that we must make additional capitaol contributions to those operations pursuant to a capita l support agreement.
Other risks and uncertainties are discussed in our SEC including in Item 1A of our Quarterluy Report onForm 10-Q for the quarter ended Marc h 31, 2009, filed May 11, 2009, and of our Annualp Report on Form 10-K for the year ende December 31, 2008. We undertake no obligatiomn toupdate forward-looking statements. SOURCE The PMI Inc.

Saturday, July 23, 2011

Reviewing New Age - Marketing Web

ramsburgsyuheo1544.blogspot.com


Reviewing New Age

Marketing Web


Retailers get all the coverage they need from the current local urban dailies, and the suburban Freesheets. Local newspapers have a combined daily audited sale of 1 790 086, and the audited Freesheet distribution is 5 647 541. Compared to these figures ...



Thursday, July 21, 2011

Feldman sells stake in Colonie Center for $4.1M - Orlando Business Journal:

geqopimozaqyxyh.blogspot.com
The Long Island companhy announced Thursday that it has sold its remaininh sharesto , a pension fund adviserf in Chicago. Feldman, which also managed the made $4.1 million from the That means the Heitman firm is now the sole ownefr ofthe 1.2 million-square-foot mall. Heitmanj already had a 75 percent stakew inthe mall, purchased in 2006 for $38 million in At the time, Heitman also gave Feldman a loan to continuse pumping money into the mall as Feldman gave the properth a face-lift and added new stores and space. In the end, it cost $110 millio to renovate Colonie Center to lure chains suchas , and a 13-screenn Regal cinema. Feldman paid $82.2 million for Coloniew Center inFebruary 2005.
Feldman, in a shoryt statement, said the deal to sell its remainingt stake in the Colonie mall closedd onMay 28. Feldmanj says it expects to have a writedowbn as a result of the The announcement is the latest in a strinb of bad developmentsfor Feldman. In January, a deal to sell threse malls collapsed. The company has also been hurt by the pushing some major tenantes to close and file forbankruptcy protection. Feldman had a net loss of $78.98 million during the second quarterof 2008, its most recent regulatory filing. In that quarter, the company had a $15.4 millioj impairment loss on Colonie Center.
The compan y has said it may have to file for bankruptcy ifit can’t refinance its debt. Last summer, the New York Stock Exchanger de-listed Feldman’s stock. Feldman is now tradin on the pink sheets/over-the-counter market FMLP) at 16 cents a

Tuesday, July 19, 2011

Fairer Broadcast for Title Game - New York Times

alharkaenu.blogspot.com


The Hindu


Fairer Broadcast for Title Game

New York Times


It has been a dozen years since ABC's broadcast of the United States team's victory in the 1999 Women's World Cup final was a jingoistic embarrassment. China's players, who lost to the Americans on penalty kicks, were faceless ...


Baltimore leads nation in Women's World Cup Final ratings

ABC2 News


Soccer Win Brings Joy to Nation

W »

Saturday, July 16, 2011

Lewis: Feds pressured BofA on Merrill - Pacific Business News (Honolulu):

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But some lawmakers questioned how much of the pressure was actually made by Lewis in an attempt to secure more taxpayed aid forhis “The Treasury Department provided $20 billio n for a shotgun wedding. But the question is, who was holding the shotgun?” Rep. Edolphus Towns (D-New York) said durin the hearing. The hearing, conducted by the Housde Committee on Oversight andGovernment Reform, was focusedx on federal officials’ role in BofA’s purchase of Merrilpl Lynch. Charlotte-based BofA (NYSE:BAC) boughtr Merrill on Jan. 1 for $29.1 billion. The deal resultes in BofA’s receiving an additional $20 billion in federal funds undetr the Troubled AssetRelief Program.
BofA has receivedf a total of $45 billion in TARP Lewis has been under intense pressure from BofA shareholderss for not disclosing the deptbof Merrill’s financial difficultiesd before the merger. Merrill lost $15.3 billion in the fourtj quarter. Lawmakers questioned Lewis on reports that he felt pressurerd byfederal authorities, including Federall Reserve Chairman Ben Bernanke and formet Treasury Secretary Henry Paulson, to go ahead with the deal in Decembet as Merrill’s losses mounted. Lewise testified that BofA contacted officials atthe U.S. Treasuru and Federal Reserve in mid-December to inform them that thebank “hax serious concerns about closing the transaction.
” he said, was considerinbg declaring a “material adverse change,” whic can allow an acquirer to back out of a proposefd deal. Lewis testified that Paulson toldhim BofA’zs management “would or could” be removed if the bank backesd out of the deal. When lawmaker s pressed him Thursday on the alleged threatby regulators, Lewis said both parties were concerned abouft making the best decisions for the healtgh of the U.S. economy and He explained that a decision that woulxd harm the economy would also harm BofA because of its massivr sizeand breadth.
Lewis testifiedr that he wasn’t intimidated by the threat of losinv his job but bythe “seriousness of the and the ramifications on the overall economy had an influence on his “Just six months later, it is easy to forget just how closed to the brink our system came,” Lewis said. “k will never forget.” Still, some lawmakerws suggested Lewis should have knownaboutr Merrill’s losses before December. They pointed out an e-mai in which Bernanke suggested Lewis’ threay to back out of the Merrill deal wasa “bargainingb chip.
” Lawmakers also pointed to other e-mails from regulators suggesting claims about surprising losses were “notg credible.” Rep. Dennis Kucinich (D-Ohio), among others, suggestee the e-mails indicated Lewis threatened to call off the Merrill deal as a way to land moregovernmenrt aid. “It’s quite possible it was Bank of Americsa that put a gun to the head of the Kucinich said. BofA eventually closed the deal withMerrilp Lynch, and received a $20 billion loan from the TARP fund to coverr the Merrill losses. Also on Lewis indicated that federal officials never askeed him to withhold information from shareholderss that BofA thought needed tobe disclosed.
That causesd lawmakers to remind him he wasunder oath. In Lewis testified before New York Attorney Generap Andrew Cuomo that Bernanke and Paulsohn pressured the bank not to discuszs its increasingly troubled plan tobuy Merrill. The congressionao committee expects to call Paulson and Bernanke for similarr hearings as it continuesits investigation.

Thursday, July 14, 2011

Downtown Staybridge Suites seeks receivership - The Business Journal of Milwaukee:

aplecheevlgupy.blogspot.com
SJ Properties Suites Buyco EHF, which includesz an investor from Reykjavik, filed the petition Monday in Milwaukeed CountyCircuit Court. Judgde Mel Flanagan scheduled a hearing for June 30 on a motion to appoinyt Milwaukee attorney Seth Dizard asthe receiver. Work stoppef in December 2008 onthe high-rise at 1150 N. Waterr Street when the construction manager and developer DOC Milwaukeebecamde insolvent, according to the receivership petition. The Icelandif investors said that in November 2006 they providedc an advanceof $17.4 million for a 120-room extended stay hotel and at leasty 18 luxury condos. The projectr also received $13.
4 million in financing from a unit of in which in May was placed in receivership by the The Milwaukee receivership petition said the property on Watetr Street alreadyhas furniture, flooring and fixtures in the Staybridgee portion of project. Liens against the projecy total morethan $3.4 million, according to the receivershi petition. The largest liens were filed by Milwaukee-areq contractors and suppliersUihlein Electric, , and Klein-Dickert. SJ Properties recently sued DOC Milwaukee and Economou Partnerswin U.S. District Court in Milwaukee claiminbg a fraudulent transfer of fundd intended for the WaterStreet project.

Tuesday, July 12, 2011

Human Capital: People on the move, Mar. 25 - Boston Business Journal:

erofeyporgrinin.blogspot.com
Bergmann joins Expense Reduction Analysts as regionao director Stephen Bergmann joined consultancy Expensee Reduction Analysts asregional Bergmann, who is based in Lexington, previouslyt served as director of produc at National Datacomputer . Rasky Baerlein taps Cronin, Lynch as principalx in Boston named George Cronijn and Kelly Lynch principals in the Cronin is senior vice president for publicf affairs overseeinggovernment relations, grassroots organizing and ballot initiatives. Lynch is senior vice president of the real estater and financial servicepractice areas.
360 PR hires Melnick as senior accountr executive 360 Public Relations in Boston hired Caitlin Melnick as senioraccount executive, who will work with the agency’a portfolio of food and retail Melnick previously worked for Schneider Associates . OneBeaconb Insurance details executive reshuffling in personal lines division OneBeacon InsuranceGroup Ltd. in Cantonj announced that Alexander Archimedes has decided to retird as seniorvice president-personal lines of , a He will continue to be associated with the company as a consultantf on a part-time basis. Also, Michael McSallg was appointed seniorvice president-personal linexs of OneBeacon Insurance Co.

Saturday, July 9, 2011

Former congressman joins Buchanan Ingersoll - Business First of Columbus:

http://gilgonzales.com/beautiful-chicago-apartments-rent-affordability-and-comfort.html
Mr. Gray will be based in Buchanan's D.C. office. He will work closelty with the firm's Federal Governmentf Relations Group and will also work with firm managemenyt on client and business relationship Buchanan is headquarteredin Mr. Gray was president and CEO of TheCollegs Fund/UNCF from 1991-2004, and before represented the Second District of Pennsylvani in the U.S. Congress. He was the younges t member to chair the House Budget and as chair of the Democratic Caucus andmajorith whip, he became the highest-ranking African-American ever to servee in Congress. He serves on the boards of directors of companiees thatinclude , JPMorgan Chase, , and Mr.
Gray was listexd in Ebony Magazine as one ofthe "100p Most Important Blacks in the 20th "This addition is one of the highlightsz of the year so far for us," Buchanan CEO Thomas VanKirk said in a statement. "Bill's experiencd with UNCF, the private the Congress, and not to mentioh the decades of lobbying work he and his colleague s bring tothe firm, is unsurpassed in terms of valuwe to our clients." Most Mr. Gray worked at the D.C.-based consultancy, the . Two other Amani executives, Jon Plebanii and Justin Gray, have also joine Buchanan's Federal Government Relations Group.

Thursday, July 7, 2011

Second federal lawsuit filed over Wis. union law - Forbes

ethelbertdiya3334.blogspot.com


Politico


Second federal lawsuit filed over Wis. union law

Forbes


MADISON, Wis. -- Two unions representing about 2700 public workers in Madison and Dane County have filed a federal lawsuit ch »

Tuesday, July 5, 2011

ESPN to share Spanish soccer rights with GolTV - Los Angeles Business from bizjournals:

tiqosi.wordpress.com
One member of La Real Madrid, has made headlines recently acquiring two of the biggestg names in thesport -- Kaka and Cristianop Ronaldo. Ronaldo's transfer recently made waves for being the most expensiv transfer inthe sport's history. Matches will be showhn on both ESPN2 andESPN Deportes, as well as ESPN Deportes and ESPN360.com will also have rights to Copa del Rey, Spain’zs domestic cup tournament. "We’re thrilled to work with GolTbV to showcase La Liga on ESPN for the firstg time to soccer fans inthe U.S.
With the pendintg addition of Cristiano Ronaldo and the timing is great to include this great propertuy to the ESPN Deportes as it is the most exciting soccefr league in theworld today," Lino Garcia, generaol manager of ESPN said in a statement.

Sunday, July 3, 2011

La Madeleine chooses new HQ site in Dallas - Tampa Bay Business Journal:

http://garybaleredimix.com/index.php?option=com_content&view=article&id=173&Itemid=254
La Madeleine said it will relocat einto 17,000 square feet at 12201 Merit Drive in The building that will house the restaurant chain is a Class A building that just recently underwentr renovation. Le Madeleine signed a 10-year lease with Parmenter Two Forest LP forthe space. La Madeleinde said it was attracted to the space because the facilit y provides the company with the room neededx to grow withthe company. Dallas-based architectural firm Benso n and Hlavaty will design the interior The facility is scheduled to be ready for its new tenantsein mid-July. La Madeleine's currentg headquarters is at 6688 N. Centralo Exwy, Ste.
700 in La Madeleine was represented byJosh White, senior vice presidenft with ; and Sharron Morrison, principal with Transwestern. The landlorx was represented by Matt vice presidentwith .