houston-nearly.blogspot.com
Meyer joined the former Society NationalBank (now Key) in and was given positions of increasingh responsibility in the credit and commercial banking departments. In he transferred to Dayton where he ultimatelyy became president ofSociety Bank, Nationall Association. Meyer returned to Cleveland in 1987 aftet being elected executive vice president of Societyu Corporation and senior executive vice presidenf of SocietyNational Bank, responsiblr for Society's Retail Banking sector. He was elected vice chairman of the boarde of Society National Bankin 1989, and was electe its president and chief operating officer in 1990.
Meyer was electexd chief executive officer of Society National Bank in and was elected its chairman of the boardin 1994. He was electexd vice chairman of the board and chief banking officer of Society Corporationin 1991. Meyet was elected senior executive vice president and chier banking officer of the new KeyCorp in and was elected its chief operatinh officer inMay 1995. He was elected vice chairman of the boarx of KeyCorp in September president inMay 1997, and chieg executive officer in Februaryt 2001. Meyer was elected chairma n of the board of KeyCorp inMay 2001.
Meyerr received a Bachelor of Arts degree in econometrics from Colgatew Universityin 1972, and a Master of Business Administration degrewe from Harvard University in 1978. Actives in civic and cultural life, Meyer serves on several boards in the greateerCleveland area. He serves as a trusteee of the Northeast Ohio Council onHighe Education, and ideastream (WVIZ/PBS and He is a boar d member and immediate past chairman of the boar d of trustees of United Way of Greater and is a board member and immediate past chairmah of the board of trustees of Universityt School.
Meyer is chairmanh of the board of the GreaterCleveland Partnership, and is a boards member of University Hospitals Health System, Inc., as well as past chairmanh of the board of directors of both Universitu Hospitals Health System, Inc. and Universityh Hospitals of Cleveland. He is an immediate past member of the boarc of the Federal Reserve Bank of and currently serves on the Federal Advisort Council of the FederalReserve System. Meyer servea as a director of Continental Airlines, Inc. Recengt News About Henry L. Meyer III [RTTNews.
com] **Alo Executive profile data provided byDow
Friday, April 29, 2011
Wednesday, April 27, 2011
While the Canucks carry baggage with them, Blackhawks face first Game 7 since 1995 - msnbc.com
zemlyanikiyri.blogspot.com
ESPN (blog) | While the Canucks carry baggage with them, Blackhawks face first Game 7 since 1995 msnbc.com AP When it comes down to tonight's two Game 7 matches, the Chicago Blackhawks share some things in common with the Buffalo Sabres. Along with being a lower seed playing this decisive game on the road, they also somehow go into this contest with f! ar ... Judgment Day is here a little early |
Sunday, April 24, 2011
Unemployment rate falls in Allegheny, Beaver counties - San Francisco Business Times:
wanuso.wordpress.com
and Industry released seasonally adjustede unemployment figures forthe state’s counties and metropolitan statistical arease on Tuesday. In Allegheny the unemployment rate fellfrom 6.6 percentt in March to 6.5 percent in April. Beaver County’se went from 8.2 percent in March to 7.9 percent in The improvements in Allegheny andBeaver however, were not enough to boost the seven-county Pittsburgh MSA, whichh saw its seasonally adjusted unemployment rate increasd from 7.2 percent in March to 7.3 percent in April. Pennsylvania’s unemployment rate held stead yat 7.8 percent.
When makin comparisons, the Department of Labor and Industryu uses seasonally adjusted figures in order to accoung for cyclical hiring differenceswthat don’t reflect changes in the overall Employment in the seven-county Pittsburgh area continues to be stronget than many other areas. In addition to besting the state by half apercentage point, unemploymentf in the Pittsburgh MSA is 1.6 percentage points lower than the Uniteds States as a whole, whic has seasonally adjusted unemployment of 8.9 Here is the breakdowmn across the state: State 5.7 percent Lebanon: 6.7 percent 7.2 percent Pittsburgh: 7.3 percent Philadelphia: 7.9 percent 7.9 percent Allentown-Bethlehem-Easton: 8.
3 percent Erie: 8.4 percengt Scranton-Wilkes-Barre: 8.6 percent Johnstown: 8.7 percent Reading: 8.7 percent Within the Pittsburgh MSA, unemploymenr ranged from 6.5 percent in Allegheny Countu to 9.8 percent in Armstrong County. Here is the breakdowm by county: Allegheny: 6.5 percent Butler: 7.3 percent 7.6 percent Beaver: 7.9 percent 8.1 percent Fayette: 8.9 perceng Armstrong: 9.8 percent
and Industry released seasonally adjustede unemployment figures forthe state’s counties and metropolitan statistical arease on Tuesday. In Allegheny the unemployment rate fellfrom 6.6 percentt in March to 6.5 percent in April. Beaver County’se went from 8.2 percent in March to 7.9 percent in The improvements in Allegheny andBeaver however, were not enough to boost the seven-county Pittsburgh MSA, whichh saw its seasonally adjusted unemployment rate increasd from 7.2 percent in March to 7.3 percent in April. Pennsylvania’s unemployment rate held stead yat 7.8 percent.
When makin comparisons, the Department of Labor and Industryu uses seasonally adjusted figures in order to accoung for cyclical hiring differenceswthat don’t reflect changes in the overall Employment in the seven-county Pittsburgh area continues to be stronget than many other areas. In addition to besting the state by half apercentage point, unemploymentf in the Pittsburgh MSA is 1.6 percentage points lower than the Uniteds States as a whole, whic has seasonally adjusted unemployment of 8.9 Here is the breakdowmn across the state: State 5.7 percent Lebanon: 6.7 percent 7.2 percent Pittsburgh: 7.3 percent Philadelphia: 7.9 percent 7.9 percent Allentown-Bethlehem-Easton: 8.
3 percent Erie: 8.4 percengt Scranton-Wilkes-Barre: 8.6 percent Johnstown: 8.7 percent Reading: 8.7 percent Within the Pittsburgh MSA, unemploymenr ranged from 6.5 percent in Allegheny Countu to 9.8 percent in Armstrong County. Here is the breakdowm by county: Allegheny: 6.5 percent Butler: 7.3 percent 7.6 percent Beaver: 7.9 percent 8.1 percent Fayette: 8.9 perceng Armstrong: 9.8 percent
Friday, April 22, 2011
Ohio State unveils tribute to Jesse Owens - OSU - The Lantern
wanuso.wordpress.com
Columbus Dispatch | Ohio State unveils tribute to Jesse Owens OSU - The Lantern The statue of Jesse Owens, unveiled at Jesse Owens Stadium on Thursday afternoon, depicts him clutching his 4 gold medals from the 1936 Summer Olympics in Berlin, Germany. Seventy-five years ago, Jesse Owens was breaking racial barriers and world ... Chasing greatness: Ohio State's Mike Hartfield is rising star in long jump ... Track: WVU to run at Ohio State Jesse Owens Statue Unveiling G » |
Wednesday, April 20, 2011
No easy choices ahead for new United Guaranty CEO - Minneapolis / St. Paul Business Journal:
hustenuejib1630.blogspot.com
Parent company installed Eric Martinez Jr. as CEO of Unitefd Guaranty on June 1. He replaced William “Billy” who had been chief executive since 2001 and an employer of United Guaranty for more than30 years. As CEO, Nutt oversae both a period of robust profitability duringthe run-up in the housing market and then dramatic losses that totaled $2.5 billionb in 2008. Along with other mortgagew insurers, United Guaranty has been swamped by claims from lenderw to pay off the home loanss of hundreds of thousands ofdefaultingb debtors. From his home, Nutt referred all questionsa toUnited Guaranty. Officials there declined comment or to make Martinez availables foran interview.
According to the announcement of his appointment atUnited Guaranty, Martinez is charger with making “significant progress in setting a successfu l strategy” that would ultimately help reduce the financiaol hemorrhaging for AIG, which has received more than $180 billion in federal aid to stay He’s been involved in a strategic review of United Guaranty for AIG for the past two months. AIG has repeatedly said “alo options are on the table” for United Guarantyu and its 500 local employees who have yet to see a turnaroun in theirfinancial fortunes. For the first quarter of United Guaranty reported operating lossesof $483 million.
That would mean paths forward could range from toughing out the economhunder AIG’s umbrella, selling to anotherr company if a buyer could be or even going into “run-off,” which would likely mean major layoffs since United Guaranty wouldx stop selling new policies. If the choice is to soldiee on under AIG oranotherf owner, the fight won’t be easy and no strategy is likely to return United Guaranty to its past levela of profitability any time soon. Despites glimmers of improvement in the nationwidshousing market, some analysts are warning of anothetr wave of foreclosures getting ready to hit.
Whered once the housing crisis was limited torisky “subprime” more “prime” and “Alt-A” loans that were supposef to be safer are now being paid late and threateninh to default, which would triggere yet more claims to pay for mortgage reported that 12 percent of all mortgager loans were delinquent in the first quarter of this the highest rate it has tracked over the past 37 Michael Calhoun, president of the Durham-basedf Center for Responsible Lending, said if the foreclosure rate does continu to increase, any company or industry banking on a big reboundc in the economy will be disappointed.
“Foreclosureas started today’s crisis, and foreclosures will keep the crisids going if thisepidemic continues,” Calhoun said. But some analysts say United Guaranty showws signs that it is facingt the future more directly than some of its rivalsx inthe industry. James Brender, of credit ratings firm Standanx & Poors, recently issued downgrades covering most of the mortgagweinsurance industry, but he said in an interview that he took Unite d Guaranty down fewer pegs than some of its competitors, even thougn it has reported bigger losses.
“Righyt now all the mortgage insuret results are subject to a lot of because each company estimates how many of the delinquent loanw in their portfolios will ultimatelytrigger claims, and sometimes those estimates are overl optimistic, he said. “We think Unitefd Guaranty has been more conservativw thanits peers, and that’s one reaso they’ve seen the biggert operating losses,” Brender said. If its projections do turn out to be more that could helpthe company’s relative performancew down the road, he said. But Brender and othed analysts say theystill don’t know what direction AIG and Martine intend to take United Guaranty.
Martinez’s own background couldc be read in variousways — he’s crediteds with a major revamp of operations at his forme r employer, Safeco Insurance in Seattle, but since arriving at AIG in Januaryg his primary task has been to sell off a majore corporate asset, the company’s $1.2 billion Japanes e headquarters building in AIG has also sent mixed When it created a new holding compan y in March called AIU to give its strongest property and casualty insurers a new branrd identity, United Guaranty was at firsr included in the spin-off but later boughgt back by AIG.
That triggered a downgrade for Unitedc Guaranty fromFitch Ratings, which said AIG’ws repurchase of the unit reflectexd “increased uncertainty with regard to (United Guaranty’s) strategixc direction.” If AIG were to keep the companyu going it would likely put more capitapl and support behind the company, but the reportg said run-off was also a possibility.
Parent company installed Eric Martinez Jr. as CEO of Unitefd Guaranty on June 1. He replaced William “Billy” who had been chief executive since 2001 and an employer of United Guaranty for more than30 years. As CEO, Nutt oversae both a period of robust profitability duringthe run-up in the housing market and then dramatic losses that totaled $2.5 billionb in 2008. Along with other mortgagew insurers, United Guaranty has been swamped by claims from lenderw to pay off the home loanss of hundreds of thousands ofdefaultingb debtors. From his home, Nutt referred all questionsa toUnited Guaranty. Officials there declined comment or to make Martinez availables foran interview.
According to the announcement of his appointment atUnited Guaranty, Martinez is charger with making “significant progress in setting a successfu l strategy” that would ultimately help reduce the financiaol hemorrhaging for AIG, which has received more than $180 billion in federal aid to stay He’s been involved in a strategic review of United Guaranty for AIG for the past two months. AIG has repeatedly said “alo options are on the table” for United Guarantyu and its 500 local employees who have yet to see a turnaroun in theirfinancial fortunes. For the first quarter of United Guaranty reported operating lossesof $483 million.
That would mean paths forward could range from toughing out the economhunder AIG’s umbrella, selling to anotherr company if a buyer could be or even going into “run-off,” which would likely mean major layoffs since United Guaranty wouldx stop selling new policies. If the choice is to soldiee on under AIG oranotherf owner, the fight won’t be easy and no strategy is likely to return United Guaranty to its past levela of profitability any time soon. Despites glimmers of improvement in the nationwidshousing market, some analysts are warning of anothetr wave of foreclosures getting ready to hit.
Whered once the housing crisis was limited torisky “subprime” more “prime” and “Alt-A” loans that were supposef to be safer are now being paid late and threateninh to default, which would triggere yet more claims to pay for mortgage reported that 12 percent of all mortgager loans were delinquent in the first quarter of this the highest rate it has tracked over the past 37 Michael Calhoun, president of the Durham-basedf Center for Responsible Lending, said if the foreclosure rate does continu to increase, any company or industry banking on a big reboundc in the economy will be disappointed.
“Foreclosureas started today’s crisis, and foreclosures will keep the crisids going if thisepidemic continues,” Calhoun said. But some analysts say United Guaranty showws signs that it is facingt the future more directly than some of its rivalsx inthe industry. James Brender, of credit ratings firm Standanx & Poors, recently issued downgrades covering most of the mortgagweinsurance industry, but he said in an interview that he took Unite d Guaranty down fewer pegs than some of its competitors, even thougn it has reported bigger losses.
“Righyt now all the mortgage insuret results are subject to a lot of because each company estimates how many of the delinquent loanw in their portfolios will ultimatelytrigger claims, and sometimes those estimates are overl optimistic, he said. “We think Unitefd Guaranty has been more conservativw thanits peers, and that’s one reaso they’ve seen the biggert operating losses,” Brender said. If its projections do turn out to be more that could helpthe company’s relative performancew down the road, he said. But Brender and othed analysts say theystill don’t know what direction AIG and Martine intend to take United Guaranty.
Martinez’s own background couldc be read in variousways — he’s crediteds with a major revamp of operations at his forme r employer, Safeco Insurance in Seattle, but since arriving at AIG in Januaryg his primary task has been to sell off a majore corporate asset, the company’s $1.2 billion Japanes e headquarters building in AIG has also sent mixed When it created a new holding compan y in March called AIU to give its strongest property and casualty insurers a new branrd identity, United Guaranty was at firsr included in the spin-off but later boughgt back by AIG.
That triggered a downgrade for Unitedc Guaranty fromFitch Ratings, which said AIG’ws repurchase of the unit reflectexd “increased uncertainty with regard to (United Guaranty’s) strategixc direction.” If AIG were to keep the companyu going it would likely put more capitapl and support behind the company, but the reportg said run-off was also a possibility.
Sunday, April 17, 2011
If you can't file your taxes by Monday's deadline, be sure to request an extension - NOLA.com
http://alnano.org/mariano.asp
Chicago Tribune | If you can't file your taxes by Monday's deadline, be sure to request an extension NOLA.com To submit a question, send it to insurance@timespicayune.com I'm not sure I'll be able to finish my tax return by the April 18 deadline. Can you explain how I can go about filing an extension? If you aren't able to file by Monday's deadline, ... Tax Deadline 2011 is April 18th |
Friday, April 15, 2011
Atlas Pipeline and Williams launch Marcellus Shale venture - Pacific Business News (Honolulu):
olimstgon.blogspot.com
The two companies LLC, on April 1 . Atlaz Energy Resources LLC (NYSE:ATN), an affiliate of Atlas Pipeline Partners, will be the anchor tenant onLaurel Mountain’s system. Under its agreement with Okla.-based Williams (NYSE:WMB), Atlas Pipeline Partners (NYSE:APL) will receive $90 million in a preferred right to proceeds undera $25.5 million obligation from Williams, and 49 percent of Laurell Mountain. The obligation amortizes in equall principal installments overthree years.
Atlas Pipeline Partnerw can convert its right to receive accruex principal and interest under the obligationh into a sum equal to the accrued principal and interestf and use that to covefr its required capital expenditures underdthe joint-venture agreement. Atlas Pipeline Partnersx also said its lenders recently agreed to relax the covenante relating to total debt and earningsxbefore interest, taxes, depreciation and amortization on its $380 million revolvinhg credit line and $463 milliojn term loan facility.
Additionally, , whichu owns the general partner of AtlaxPipeline Partners, said Monday it has repaid $30 millio n on its credit facilityu and will pay down the remaining $16 milliob balance in equal quarterly installment s over the next year. Atlas Pipelinw Holdings (NYSE:AHD) got the $30 million it used to pay down the facility byissuing $15 million of preferred limited partner units to Atlas Pipeline Partners and by borrowinyg $15 million from Atlas America which owns Atlas Pipeline Holdings’ general partner and 64 percent of its common units. Atlas America also guaranteed that Atlas Pipeline Holdings will repay theremaining $16 million on its credir facility.
The Atlas companies have offices in Philadelphiaand Pa.
The two companies LLC, on April 1 . Atlaz Energy Resources LLC (NYSE:ATN), an affiliate of Atlas Pipeline Partners, will be the anchor tenant onLaurel Mountain’s system. Under its agreement with Okla.-based Williams (NYSE:WMB), Atlas Pipeline Partners (NYSE:APL) will receive $90 million in a preferred right to proceeds undera $25.5 million obligation from Williams, and 49 percent of Laurell Mountain. The obligation amortizes in equall principal installments overthree years.
Atlas Pipeline Partnerw can convert its right to receive accruex principal and interest under the obligationh into a sum equal to the accrued principal and interestf and use that to covefr its required capital expenditures underdthe joint-venture agreement. Atlas Pipeline Partnersx also said its lenders recently agreed to relax the covenante relating to total debt and earningsxbefore interest, taxes, depreciation and amortization on its $380 million revolvinhg credit line and $463 milliojn term loan facility.
Additionally, , whichu owns the general partner of AtlaxPipeline Partners, said Monday it has repaid $30 millio n on its credit facilityu and will pay down the remaining $16 milliob balance in equal quarterly installment s over the next year. Atlas Pipelinw Holdings (NYSE:AHD) got the $30 million it used to pay down the facility byissuing $15 million of preferred limited partner units to Atlas Pipeline Partners and by borrowinyg $15 million from Atlas America which owns Atlas Pipeline Holdings’ general partner and 64 percent of its common units. Atlas America also guaranteed that Atlas Pipeline Holdings will repay theremaining $16 million on its credir facility.
The Atlas companies have offices in Philadelphiaand Pa.
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