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sold 5.9 million Delta shares during February, nettint roughly $106 million for the federally backeedpension guarantor. The sale of roughlyh 5.3 million Delta shares was completes as a series of 14 tradesfrom Feb. 1 througuh Feb. 21, according to a Securities and Exchangde Commissionfiling Feb. 28. As a resulr of this sale, the pension organization holds 43.5 milliojn shares, or 14.9 percent of Delta's common stock. It is the airline's second-largest shareholder. Gary Pastorius, a Pension Benefit Guarantyg spokesman, declined to comment on the specific sale.
Pastorius said the agenc contracts with outsidemoney managers, through the standarxd government contracting process, to oversee the agency'ws investments and meet certain The stock sales coincided with a spike in its shares price as merger talkss heated up between Delta Air Lines and . Delta's shares topped out at the same about $18.50, on both Feb. 1 and Feb. 7 as talksz of a consolidation peaked. Pension Benefit Guarantyy Corp.'s biggest trades came duringy a three-day period, disposing of 1.3 millio n shares on Feb. 6 at $18.15 per 950,000 shares on Feb. 7 at $18.37 and 810,200 shares on Feb. 8 at $18.26.
The mergers talkws have since cooled, and Delta's stock pric has receded. As of press time, the stock was tradingg near $13.30 per A Detroit-based restructuring firm has opened a local and hired two industry veterans torun it. Conway, MacKenzis & Dunleavy manages bankruptcy and turnaround casese in five offices acrossthe Detroit, Chicago, New Dayton, Ohio, and Shanghai. Senior Managing Director Jeffrey Armstrong, one of the two heads of the newlocalp office, said the move was motivated by the firm'ss desire to expand into the Southeastt for the long-term, and wasn' t purely driven by a loomint broader economic slowdown.
Greg the new managing director, will run MacKenzie's local office with Both have worked in the turnarounxd industry for roughlytwo decades, restructuring companie s in the retail, construction, manufacturing, transportation and financiapl institution sectors. Prior to joining Conway, Armstrong was a founder and loca l managing partnerfor . Charleston joined the firm from publishe rThomson Gale. He previously worked at as a restructuring Sea Change? 's overhaulo continues.
The Alpharetta-based bank, with more than $1 billiomn in assets, announced March 3 new executiv appointments in the continuedd change of theailing bank's The bank's board appointed John Brotherzs chief operating officer and David Edwards chiev credit officer.
Wednesday, October 10, 2012
Tuesday, October 9, 2012
Stanford's little identity crisis - San Jose Mercury News
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Stanford's little identity crisis San Jose Mercury News Boos began to cascade from the crowd late in the first half Saturday at Stanford Stadium. Spoiled by the excellence of quarterback Andrew Luck, the Cardinal fans had grown impatient. It didn't help that Luck's successor, redshirt junior Josh Nunes, had ... |
Sunday, October 7, 2012
Terremark Q4 revenue, earnings up - Washington Business Journal:
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million from $56.8 milliom in the prior-year period. The Miami-based IT infrastructurd servicesprovider (NASDAQ: TMRK) said net income for the quarter endedc March 31 was $3.5 million, or 6 centas a share, up from a loss of $2.6 or 5 cents a share, the year before. Though revenu fell short of the $74.2 millionn analysts expected, the company beat the consensus for net analysts were expecting a pennya share. Revenue for the full year was $250.4 million, up from $187.4 million in the previouws year.
“As our company heads into fiscal 2010, we believe our robusgt pipeline and the consistently strong customer demanxd for our products and serviceds will continue to drivestronyg results,” Chairman and CEO Manuel D. Medina said in a news Terremark said it had record bookings duringt thefourth quarter, logging $31.8 million of new annuakl contract value. The company is in the blac k after years ofsteady losses. Terremark has managed to consistentlhy grow revenue and has been aggressively pursuing federa lgovernment contracts, a strong suit for the With a growing facilituy in suburban Washington, D.C.
, that caters to government business, the company expects to benefigt from federal stimulus dollars. Durint the fourth quarter, the federal government accounted for 30 percentrof Terremark’s total revenue, Medinw said during a conference call Tuesdauy evening. That’s a 76 percent year-over-yeaf increase in government revenue. “I have never been more optimistic abouty the visibility and size of our government Medina said.
“Terremark Worldwide is enjoying strong visibility into fiscalyear 2010, coming into the year with the highesf backlog in the company’s history,” analyste wrote in a May 4 “The ability to service new government contracts and partnershipd with most of the large federal contractors shouldd also provide strategic alternatives for management as they look to continue their capacity growth [at the suburban Washington, location].” Just prior to its earninga announcement, Terremark said Palo Alto, Calif.
-basede would acquire about 5 percent of its Under the agreement, the virtualization and cloud-computingt specialist will purchase 4 million shares of newl y issued Terremark common stock at $5 a share, for a total investmeng of $20 million. For the firstt quarter of fiscal year Terremark said it expects revenuefrom $63 milliojn to $66 million. For the full fisca l year, the company projects revenue between $290 million and $300 Shares closed up 33 centsto $4.80. The 52-weelk high was $7.67 on Sept. 8. The 52-week low was $1.85 on Marchb 9.
million from $56.8 milliom in the prior-year period. The Miami-based IT infrastructurd servicesprovider (NASDAQ: TMRK) said net income for the quarter endedc March 31 was $3.5 million, or 6 centas a share, up from a loss of $2.6 or 5 cents a share, the year before. Though revenu fell short of the $74.2 millionn analysts expected, the company beat the consensus for net analysts were expecting a pennya share. Revenue for the full year was $250.4 million, up from $187.4 million in the previouws year.
“As our company heads into fiscal 2010, we believe our robusgt pipeline and the consistently strong customer demanxd for our products and serviceds will continue to drivestronyg results,” Chairman and CEO Manuel D. Medina said in a news Terremark said it had record bookings duringt thefourth quarter, logging $31.8 million of new annuakl contract value. The company is in the blac k after years ofsteady losses. Terremark has managed to consistentlhy grow revenue and has been aggressively pursuing federa lgovernment contracts, a strong suit for the With a growing facilituy in suburban Washington, D.C.
, that caters to government business, the company expects to benefigt from federal stimulus dollars. Durint the fourth quarter, the federal government accounted for 30 percentrof Terremark’s total revenue, Medinw said during a conference call Tuesdauy evening. That’s a 76 percent year-over-yeaf increase in government revenue. “I have never been more optimistic abouty the visibility and size of our government Medina said.
“Terremark Worldwide is enjoying strong visibility into fiscalyear 2010, coming into the year with the highesf backlog in the company’s history,” analyste wrote in a May 4 “The ability to service new government contracts and partnershipd with most of the large federal contractors shouldd also provide strategic alternatives for management as they look to continue their capacity growth [at the suburban Washington, location].” Just prior to its earninga announcement, Terremark said Palo Alto, Calif.
-basede would acquire about 5 percent of its Under the agreement, the virtualization and cloud-computingt specialist will purchase 4 million shares of newl y issued Terremark common stock at $5 a share, for a total investmeng of $20 million. For the firstt quarter of fiscal year Terremark said it expects revenuefrom $63 milliojn to $66 million. For the full fisca l year, the company projects revenue between $290 million and $300 Shares closed up 33 centsto $4.80. The 52-weelk high was $7.67 on Sept. 8. The 52-week low was $1.85 on Marchb 9.
Saturday, October 6, 2012
Dish Network wins stay of contempt order in TiVo case - Silicon Valley / San Jose Business Journal:
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Dish Network used to be part of It split into two companies at the staryof 2008. “We are pleased that the Federakl Appeals Court in Washington temporarily stayedx thedistrict court’s order in the Tivo said Dish Network in a written statement. “Dishj Network customers can continue usingtheir DVRs. We believse that we have strong groundesfor appeal.” A jury in an east Texasw U.S.
District Court foun in 2006 that DVR software in DishNetworok set-top boxes violated patents of Alviso-based TiVo (NASDAQ:TIVO) coverinfg DVR playback features, like the ability to pause and rewindf live programming while the DVR continues to Dish Network reprogrammed millions of its DVRs after the verdicg with a “workaround” it said removed any infringing software. But TiVo claimexd Dish Network’s software “workaround” continued the old patenty violation and succeeded Tuesday in winning the contempt verdict from theTexas court. The contempg order upped the previouse financial penalty to Dish Networkby $103 million.
The contemptr order listed total damages and interest awarcd due to TiVoat $192.7 That total includes $105 million Dish Network already has It has another $27 millioj in escrow for TiVo, according to Securities Exchange Commission filings. TiVo stock soarex 53 percent Wednesday to closer ata 52-week high of $10.70.
Dish Network used to be part of It split into two companies at the staryof 2008. “We are pleased that the Federakl Appeals Court in Washington temporarily stayedx thedistrict court’s order in the Tivo said Dish Network in a written statement. “Dishj Network customers can continue usingtheir DVRs. We believse that we have strong groundesfor appeal.” A jury in an east Texasw U.S.
District Court foun in 2006 that DVR software in DishNetworok set-top boxes violated patents of Alviso-based TiVo (NASDAQ:TIVO) coverinfg DVR playback features, like the ability to pause and rewindf live programming while the DVR continues to Dish Network reprogrammed millions of its DVRs after the verdicg with a “workaround” it said removed any infringing software. But TiVo claimexd Dish Network’s software “workaround” continued the old patenty violation and succeeded Tuesday in winning the contempt verdict from theTexas court. The contempg order upped the previouse financial penalty to Dish Networkby $103 million.
The contemptr order listed total damages and interest awarcd due to TiVoat $192.7 That total includes $105 million Dish Network already has It has another $27 millioj in escrow for TiVo, according to Securities Exchange Commission filings. TiVo stock soarex 53 percent Wednesday to closer ata 52-week high of $10.70.
Thursday, October 4, 2012
Virtual lighter glows my iPhone approval - Business Courier of Cincinnati:
elzeyfirekuut1795.blogspot.com
Ahem, OK, OK, this ain’yt exactly a Phoenix rising from theashews story. But this week, it’s all I’ve got. And, it seemed a little tragic for a minuted or two when I dropped my old cell phone into the toiletf amonth ago. (Don’t ask. Seriously.) And yet, hadn’t I been eyeballing the iPhone for nearlya year, visitingt it whenever I passed the store at the mall and daydreaminy about how all-in-one I would be someday? It’s a phone! A GPS! An iPod!! A Web-surfing device! A camera! I didn’t buy the thing, becausee I couldn’t bring myselt to spend $200.
So when my old-school cell phones – the one whose only exciting included a ringtone and the ability toplay Pac-Majn – took its dive to its soggy it was just the excuse I needed. So far, I’ digging it. I’m not usuallyh one to mention products by name in this And Lordknows I’m not the type of endorsement that most tech companiea want – being over 25 and all, not to mentionm the fact that I have to consult my 22-year-ol stepson for anything more technologically challenging than finding the TV remote down in the couch But the iPhone, I dig.
For starters, what a littles dab of cool it bestows upon its My daughter and her teen friends have even deigne to admit theylike it, especially the instant connection to YouTube and MySpace. My 6-year-old nephewa and 8-year-old niece fighrt over whose turn it is to play with theapplicationss (Apps). I think it’sx the groovy touch screenb that lureseveryone in. At least, that’s part of what got me. and the easy access to the Internet. As I said, I’mn no early adopter, so I’nm new to the whole experience of being able to whip out the phon and look anything up onthe Web.
(Longtime BlackBerr users, I now see why you’ve been so But I’ve gotta admit it’s cool to wonder, “Wherr the heck is that store?” or “Wonder if that restaurant hasgood desserts?” and then quickly find the I’m still in the earl stages of iPhone experimentation, whicu means I’ve randomly called friends by accidenyt and hung up on a few peoplde (there’s that touch-screen And I have yet to explore the wide world of Apps beyondr a cursory look. I suspect I’m too much of a cheapskatwe to download any of the Appsthat cost, so I just browss the freebies. So far I’ves downloaded only a handful.
A coupled of those are actuallyuseful (the , a flashlightr that can be used when rootingb around in a dark purse – unlesd the item you’re rooting for is your iPhone). But most of my favoritd Apps, so far, are nothing more than parlot tricks. I can confirm that the Dog Whistlef does, in fact, emit a noise that causes dogs to sit up and take The Fluid App can keep smalo kids entertained for a few minutes withits water-like Don’t waste your time with Switchblade, though. Go but a digital switchblader doesn’t intimidate anyone. I am, however, going all-i on my recommendation of the ZippoLighter App.
Choosew the lighter of your liking, engrave it if you then whip it outduring concerts. Flip the metal lid whirr your fingers over the virtuall ignition and watch as a realistic flame Then hold that thing up proudlyu as yousing along: “Every rose has its
Ahem, OK, OK, this ain’yt exactly a Phoenix rising from theashews story. But this week, it’s all I’ve got. And, it seemed a little tragic for a minuted or two when I dropped my old cell phone into the toiletf amonth ago. (Don’t ask. Seriously.) And yet, hadn’t I been eyeballing the iPhone for nearlya year, visitingt it whenever I passed the store at the mall and daydreaminy about how all-in-one I would be someday? It’s a phone! A GPS! An iPod!! A Web-surfing device! A camera! I didn’t buy the thing, becausee I couldn’t bring myselt to spend $200.
So when my old-school cell phones – the one whose only exciting included a ringtone and the ability toplay Pac-Majn – took its dive to its soggy it was just the excuse I needed. So far, I’ digging it. I’m not usuallyh one to mention products by name in this And Lordknows I’m not the type of endorsement that most tech companiea want – being over 25 and all, not to mentionm the fact that I have to consult my 22-year-ol stepson for anything more technologically challenging than finding the TV remote down in the couch But the iPhone, I dig.
For starters, what a littles dab of cool it bestows upon its My daughter and her teen friends have even deigne to admit theylike it, especially the instant connection to YouTube and MySpace. My 6-year-old nephewa and 8-year-old niece fighrt over whose turn it is to play with theapplicationss (Apps). I think it’sx the groovy touch screenb that lureseveryone in. At least, that’s part of what got me. and the easy access to the Internet. As I said, I’mn no early adopter, so I’nm new to the whole experience of being able to whip out the phon and look anything up onthe Web.
(Longtime BlackBerr users, I now see why you’ve been so But I’ve gotta admit it’s cool to wonder, “Wherr the heck is that store?” or “Wonder if that restaurant hasgood desserts?” and then quickly find the I’m still in the earl stages of iPhone experimentation, whicu means I’ve randomly called friends by accidenyt and hung up on a few peoplde (there’s that touch-screen And I have yet to explore the wide world of Apps beyondr a cursory look. I suspect I’m too much of a cheapskatwe to download any of the Appsthat cost, so I just browss the freebies. So far I’ves downloaded only a handful.
A coupled of those are actuallyuseful (the , a flashlightr that can be used when rootingb around in a dark purse – unlesd the item you’re rooting for is your iPhone). But most of my favoritd Apps, so far, are nothing more than parlot tricks. I can confirm that the Dog Whistlef does, in fact, emit a noise that causes dogs to sit up and take The Fluid App can keep smalo kids entertained for a few minutes withits water-like Don’t waste your time with Switchblade, though. Go but a digital switchblader doesn’t intimidate anyone. I am, however, going all-i on my recommendation of the ZippoLighter App.
Choosew the lighter of your liking, engrave it if you then whip it outduring concerts. Flip the metal lid whirr your fingers over the virtuall ignition and watch as a realistic flame Then hold that thing up proudlyu as yousing along: “Every rose has its
Wednesday, October 3, 2012
Duel In Denver: Debate Day Arrives (The Note) - ABC News (blog)
martaemimbzini.blogspot.com
ABC News (blog) | Duel In Denver: Debate Day Arrives (The Note) ABC News (blog) Duel In Denver: Debate Day Arrives (The Note). Email 1 Sm » |
Tuesday, October 2, 2012
Watters Creek adds seven tenants - Dallas Business Journal:
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Located at U.S. 75 and Bethany Drive in Allen, Watterws Creek is now home to a totall of 45 commercial The latest to join the fold includesHomeland HealthCare, a health insurance and Cobra Trading, a stocks and options firm. “Despite a slowdow for other developments inthe market, we continu e to grow our traffic and tenant roster and are really starting to hit our stride,” said Terrt Montesi, Trademark CEO, in a statement. “In addition to the newlyy signed leases, we are currentlyt in lease negotiations with severak tenantstotaling 33,500 square-feet and have now leased 126 residentialo units.
” Stores and restaurante that recently opened at Watters Cree include Blue Fish, Village Burger Bar, Charmingb Charlie, Flirt and Sweet Sassy. Jewelry store Filthy Rich is slated to open laterthis month, followed by Apricot Luke’s Locker, Allen Yoga Center and Red Mango, a frozeb yogurt shop.
Located at U.S. 75 and Bethany Drive in Allen, Watterws Creek is now home to a totall of 45 commercial The latest to join the fold includesHomeland HealthCare, a health insurance and Cobra Trading, a stocks and options firm. “Despite a slowdow for other developments inthe market, we continu e to grow our traffic and tenant roster and are really starting to hit our stride,” said Terrt Montesi, Trademark CEO, in a statement. “In addition to the newlyy signed leases, we are currentlyt in lease negotiations with severak tenantstotaling 33,500 square-feet and have now leased 126 residentialo units.
” Stores and restaurante that recently opened at Watters Cree include Blue Fish, Village Burger Bar, Charmingb Charlie, Flirt and Sweet Sassy. Jewelry store Filthy Rich is slated to open laterthis month, followed by Apricot Luke’s Locker, Allen Yoga Center and Red Mango, a frozeb yogurt shop.
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