Kinetex Announces CFO Resignation and Provides Audit Status Report MarketWatch (press release) Kinetex also announces that on August 25, 2010, the Company filed an application for a partial revocation order (the "Partial Revocation Orders") with the ... |
Monday, August 30, 2010
Kinetex Announces CFO Resignation and Provides Audit Status Report - MarketWatch (press release)
Saturday, August 28, 2010
D.C. projects could lose subsidies to pay for convention hotel - Dayton Business Journal:
D.C. Chief Financial Officer Natwatr Gandhi met with members ofthe D.C. Council on Mondagy and discussed the list of projectswith $704 million in subsidiezs that have already been passed and couldc be diverted to the The list provided by the CFO's office includes the Southwesft waterfront, the Arthur Capper/Carrollsburg residential development on the Capitolp Riverfront, the mixed-use O Street Marke in Shaw and seven other economic development incentives.
The two council memberz who oversee committees with direct oversight of theissue — Councilmebn Jack Evans, D-Ward 2, and Kwamde Brown, D-At large — have said using subsidies from stalled projectx is a strategy they would considerd to lower the amount of new spending requires to issue $750 million in bondsa to build the $550 million hotel. The recession has slowed many The Washington Convention Center Authoritgy andthe city’s hospitality industry have been pushing for a headquartersd hotel since construction of the center started in the late They argue a hotel is needed to draw larg e conventions to town.
A 1,167-room Marriott Marquis is but boosters have been unable to secure private financing to completerthe deal. D.C. Council Chairman Vincent Gray called the late Mondahy afternoon meeting in his officewith Brown, Gandhi and Washington Conventiob Center Authority CEO Greg O’Dell. Evanxs and Brown have scheduled a June 24 joint hearing onthe matter. As they left the Evans and Brown said they are both committecd to gettingthe long-stalled hotel built, but they are lookingt for ways to minimize the cost to the which is facing a nearly $1 billioh 2011 budget gap.
Evans said other optiona being discussed include trying to attract bank loans by footing only a portion of the cost or seekinv new development partners that could build the hotel more quicklyg or for alower price. D.C. has alreadu approved $187 million bond package that wouls fund about 25 percent of the but and have failed to attract anestimated $300 million in requiredx debt financing. “The optionn that I like least is the city financing theentire thing,” Evansx said.
Gandhi said shortly after the meeting that there has not been discussion about usurpingythe city’s 12 percent debt cap, whichh it created last year in an effortf to strengthen its standint on Wall Street and would prevent the city from issuin hundreds of millions of dollars of new bonds for the He said he is all for a new hotek but not if it means damaging the city’s financial “We want to make it he said.
“The question is how to make it Southwest waterfront, $198 million; Housing Production Trust $190 million; Great Streets retaikl priority area (neighborhood tax incremenrt financing), $75 million; Capper/Carrollsburg payment-in-lieu-of-taxes, $55 million; O Street $46.5 million; Skyland Shopping $40 million; The Yards payment-in-lieu-of-taxes, $30 Great Streets, $20 Downtown retail priority area, $16.05 Fort Lincoln retail priority $10 million; Arena Stage, $10 million; Rhode Island Place retailo priority area, $7.2 million; and Broadcas t Center One, $6.4 million. The subsidies total $704.
15 Combining some portion of that withthe $187 million already passed for the hotel could easily add up to the $750 millioj in bonds O’Dell says is neededr for the hotel. Chairma n Gray declined to comment.
Thursday, August 26, 2010
Eat Real Festival - San Francisco Chronicle
Berkeleyside (blog) | Eat Real Festival San Francisco Chronicle Shaped like a muffin, tastes like a doughnut - that treat from Wholesome Bakery was one of many at last year's Eat Real Festival. Street food is » |
Tuesday, August 24, 2010
Paulson to back Fed
according to a transcript of his prepared Paulson is scheduled to testifyt beforethe U.S. House Committee on Oversight and Government Reformk onThursday morning. In the Paulson acknowledges he told BofA CEO Kenneth Lewia that backing out of the deal to buy Merrill Lync would be seen as a lack of He also told Lewis such a move may put his futurw with the bankin jeopardy, accordint to the transcript.
BofA in December threatened to back out of a deal to buy Merrilolfor $50 billion and declare a “materially adverse related to higher-than-expected fourth-quarter losses at the investment bank and Paulson’s prepared testimony says Treasury officials and federal regulatorws investigated BofA’s threat and decided it would not be legallyg valid to declare a MAC. Paulson will testifuy dropping the deal would have been harmfulo to both parties and thegreater economy. “k believe my remarks to Mr. Lewis were appropriate,” Paulsonj says in the transcript.
“If Bank of America exercised the MAC such an action would show a colossal lackof “I further explained to him that, undere such circumstances, the Federal Reservr could exercise its authorit to remove management and the boar of Bank of America.” Paulson will testifyu that by reminding Lewis of the Fed’sz powers, he intended to “deliver a strongy message ... that it would be unthinkable for Bank of Americas to take this destructive action for whichh there was no reasonable legal basi s and which would show a lack of thetranscript says. BofA (NYSE: BAC) eventuallty followed through with the MerrillLyncjh purchase, buying it Jan. 1 for $29. 1 billion.
The value of the deal droppeed from theoriginal $50 billion because Merrill’s stock price fell precipitouslty after the deal was announced. BofA agreed to the purchasew after federal officials said they would support the deal with taxpayer aid. BofA in January received an additional $20 billion in Troubledr Asset Relief Program money related to the Merrill The bank has received a totalof $45 billion from the The Charlotte Business Journal , a sisted publication of Atlanta Business Chronicle, will coverf Paulson’s testimony live Thursday beginning at 10 a.m. Coverage will be availabl e at charlottebusinessjournal.com and at Twitter.com/CBJBankNews.
Sunday, August 22, 2010
Existing home sales drop in May - South Florida Business Journal:
percent in May, according to figureas released Tuesday bythe . The residentia l market was on pace to close saleson 4.77 milliob units of existing homes, including singlee family houses, townhouses, condominiums and in 2009. That is 3.6 percent lower than the 4.95 millioj unit pace set in May 2008. The May figures showedx a modest uptickfrom April, when home s sold at an annual pace of 4.66 millionn units. NAR, based in Chicago, attributed the bump betweeh April and May to lower home pricex andan $8,000 federal tax credit for first-time home First-time buyers accounted for 29 percent of all 10 percentage points highet than a year ago. The markeg continues to favor buyers. There were 3.
8 millioh homes for sale in May, enough to satisfty demand for 9.6 well above the six-month level the NAR says indicatesx a market isin balance. In metro Portland, therwe were enough homes to meet demandfor 10.2 months in May, accordingh to the Regional Multiple Listing
Saturday, August 21, 2010
Wikileaks rape warrant cancelled - BBC News
ABC Online | Wikileaks rape warrant cancelled BBC News Swedish authorities have cancelled an arrest warrant for Wikileaks founder Julian Assange on accusations of rape and molestation. The Swedish Prosecution Authority website said the chief prosecutor had come to the decision that Mr Assange was not ... Wikileaks founder accused of rape Arrest warrant for Assange dropped Sweden withdraws warrant for WikiLeaks founder |
Thursday, August 19, 2010
Jobless Claims in US Rose to Highest Since November - Bloomberg
Moneycontrol.com | Jobless Claims in US Rose to Highest Since November Bloomberg Initial jobless claims rose by 12000 in the week ended Aug. 14 Labor Department figures showed. Photographer: Jim R. Bounds/Bloomberg Aug. 19 (Bloomberg) -- Applications for unemployment benefits in the US ... Jobless Claims Hit a Nine-Month High of 500000 Jobless claims rise to highest level in 9 months Initial filings up 12000 in latest week to hit 500000 mark, data show |
Tuesday, August 17, 2010
Palestinian hurt in shooting incident at Turkish embassy in Tel Aviv - Ha'aretz
Telegraph.co.uk | Palestinian hurt in shooting incident at Turkish embassy in Tel Aviv Ha'aretz Palestinian man seeking asylum threatens embassy staff, gets shot in the leg; Foreign Ministry confirms hostage situation. An initial investigation into a shooting incident at the Turkish embassy in Tel Aviv on Tuesday revealed that a Palestinian man ... 'Shots fired' at Turkey's embassy in Israel Gunman hurt in Turkish embassy Shot heard at Turkish Embassy in Tel Aviv |
Sunday, August 15, 2010
Accused "Craigslist killer" Philip Markoff commits suicide in Nashua Jail - Boston Globe
Washington Times | Accused "Craigslist killer" Philip Markoff commits suicide in Nashua Jail Boston Globe Accused Ă¢Craigslist KillerĂ¢ Philip Markoff committed suicide at Nashua Street Jail in Boston, where he was being held awaiting trial in the slaying of Julissa Brisman, 26, who was visiting from New York, according to Steven Tompkins, spokesman for the ... 'Craigslist Killer' Phillip Markoff Commits Suicide » |
Friday, August 13, 2010
Israeli Elias Abuelazam appears in US court accused of racist murders - The Guardian
Telegraph.co.uk | Israeli Elias Abuelazam appears in US court accused of racist murders The Guardian An Israeli suspected of five murders and other apparently raci » |
Wednesday, August 11, 2010
Flight attendants vent about passengers - CNN
New York Times (blog) | Flight attendants vent about passengers CNN By A. Pawlowski, CNN (CNN) -- It's safe to say air travelers are paying more attention -- and maybe giving a little more respect -- to flight attendants after the incident on a JetBlue flight that has mesmerized the country and put a new spotlight on ... Who Could Play JetBlue Flight Attendant Steven Slater in a Movie? Flight attendant's job: Harder than it used to be? Steven Slater ponders next move as JetBlue flight attendant basks in glow of ... |
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Monday, August 9, 2010
Obama attacks Bush policies in Bush's home state - Reuters
CBS News | Obama attacks Bush policies in Bush's home state Reuters AUSTIN Texas (Reuters) - President Barack Obama attacked the economic policies of his Republican predecessor George W. Bush in Bush's home state on Monday as evidence of the way Republicans would operate if given power in November 2 US ... Obama at UT: Education is 'the economic issue of our time' Obama takes swipes at Bush, Barton at Austin Democratic fundraiser 2:14 PM CT |
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Saturday, August 7, 2010
Blog reveals Afghanistan medic Karen Woo's dedication - BBC News
The Hindu | Blog reveals Afghanistan medic Karen Woo's dedication BBC News Blog posts written by Briton Dr Karen Woo, named as one of 10 medics shot dead in Afghanistan, offer a human insight into the aid mission to the war-torn country. The BBC understands that Dr Woo gave up a well-paid job with private healthcare provider ... Ten medical aid workers robbed, killed in Afghanistan 8 Westerners on Medical Team Killed in Afghanistan Afghan medical mission ends in death for 10 |
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Thursday, August 5, 2010
Obama: 'An affirmation of Elena's intellect and accomplishments' - USA Today
The Guardian | Obama: 'An affirmation of Elena's intellect and accomplishments' USA Today Good afternoon. I am very pleased that the Senate has just voted to confirm Elena Kagan as our nation's 112th Supreme Court Justice. And I want to thank the Senate Judiciary Committee, particularly its Chairman, Senator Leahy, for giving her a full, ... Senate confirms Kagan as 112th justice Kagan wins Senate confirmation to Supreme Court Senate Confirms Kagan To US Supreme Court |
victoria0douglas.wordpress.com
Tuesday, August 3, 2010
BP starts 'static kill' operation, sells further assets - MarketWatch
Sydney Morning Herald | BP starts 'static kill' operation, sells further assets MarketWatch NEW YORK (MarketWatch) -- BP Plc late Tuesday began pumping heavy drilling mud in an attempt to plug the ruptured Macondo well in the Gulf of Mexico, after the latest government estimate put the total size of the accident at ... 106 Days Into Oil Crisis, Procedure Could Kill the Well for Good Anadarko, Partner in BP's Well, Sets Up More Loans Static kill won't end Gulf oil spill drama - even if it works |
victoria0douglas.wordpress.com
Sunday, August 1, 2010
BP Will Begin Permanent Plug of Macondo Well in Gulf of Mexico This Week - Bloomberg
Washington Post | BP Will Begin Permanent Plug of Macondo Well in Gulf of Mexico This Week Bloomberg The Transocean Development Driller II works to drill the backup relief well at the BP Plc Macondo well site in the Gulf of Mexico. Photographer: Derick E. Hingle/Bloomberg BP Plc plans this week ... Coast Guard defends dispersant use in Gulf oil spill Gulf Spill Triggers New Oil-Field Work |
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