Wednesday, February 29, 2012
Bauer takes stars from 17 banks - Dallas Business Journal:
The company uses federal regulatory data to rate bankss based oncapital ratio, profit/losa trend, delinquent loans and other factors. Bauer's ratinhg ranks from a high of 5 stars to a low of 0 in Coral Gables lost a star going to four fromfive (superior) stars. Four others maintained their five-stare ranking: American National Bank, Oaklandr Park City National Bankof Florida, Miamiu First National Bank, South Miami Intercontinental West Miami in Miami rose to three star s from two. First United Bank in Boca Ratonj and Biscayne Bank in Coconut Grove roseto 3.5 stards from three. in Fort Lauderdale made four upfrom 3.5. Severall banks went to 3.
5 from four They are: , Homestead Doral-basexd slipped again, this time to three stars from three-and-a-half stares in the first quarter. That’s down from four stars in the thire quarter oflast year. Other bank that slipped to thredestars (good) from 3.5 are: Executivw National, Miami , Miami , Miamij U.S. Century Bank, Miami Valley Bank, Fort Lauderdale Lydian Privatwe Bank inPalm Beach, Grand Eastern Bank of Floridaw in Miami, Metro Bank of Dade County, and in Miamio fell to two stars (problematic) from , Miami, in North Lauderdale and in Boca Raton fell a notch to one star, down from two in the fourth quarter.
Four banks retained zero stars, Bauer’xs lowest rating: , Miami Republic Federal Bank, Miami , Miami Integrity Bank, Jupitert
Monday, February 27, 2012
ADP reports 532,000 May job cuts - Charlotte Business Journal:
Payroll firm ADP reported Wednesday that companiesw inthe U.S. cut an estimated 532,009 workers from payrolls last month. ADP also revisesd higher its estimate of cuts in Aprilto 545,000 from the previous estimats of 491,000. The ADP report noted losses acrosss all sizes and categories of businesses with largse business payrolls declining medium businessesshedding 223,000 jobs and small businesses cutting 209,000 employees. The goods-producing sectodr lost 267,000 jobs while the service-producing sector declineds by 265,000 positions. The Labor Department is due to releaswe its jobs reporton Friday.
The averagd analyst estimate for that report of government as well as private payrollxs is a lossof 520,000 payrolo positions and an increase in the unemployment rate to 9.2 percent from April’s rate of 8.9 On Monday, The Institute for Supplty Management announced that its factory inded rose to the highest level since last September as new ordersa posted their first gain since the recession began. On Tuesday the Nationapl Association of Realtors reported that pending sales ofexistinb homes, or contracts signed but not rose 6.
7 percent in April, the largest increase in six
Saturday, February 25, 2012
Informants integral in FBI's war on terror - USA TODAY
Informants integral in FBI's war on terror USA TODAY By Kevin Johnson, USA TODAY To Amine El Khalifi, the Virginia man was his alleged connection to al-Qaeda-style sympathizers in the USA. The two shared a belief, according to federal court records, that the war on terrorism was actually a "war on ... |
Thursday, February 23, 2012
'Shabbat buses would help poorer residents' - Jerusalem Post
'Shabbat buses would help poorer residents' Jerusalem Post By BEN HARTMAN 02/23/2012 04:01 Deputy Mayor Asaf Zamir says Saturday transportation would provide welcome relief to city's poorer residents. By Marc Israel Sellem Public transportation on Shabbat would be a welcome relief for the residents of Tel Aviv ... |
Tuesday, February 21, 2012
Waiter pulls man from the Yarra - Ninemsn
Waiter pulls man from the Yarra Ninemsn Paramedics will nominate a waiter for a Community Hero Award after he dived into the Yarra to rescue a man who attempted to swim across it. The man had jumped into the river with a friend near Federation Square and was lucky to make it across, ... |
Sunday, February 19, 2012
Erickson gives up on Hilliard project - Pittsburgh Business Times:
notified the city of Hilliard last Thursday that the foreclosure filinhg means thedeveloper won't open the unfinished $34 million first phase and will no longer manag the 80-acre property. The decisioh ends more than two months of wranglinfg over continued financing of the Hickory Chasd project between the developer and the That financial issue had prompted Erickson to cease construction on the first 145 units of the complex and communitg center the week ofMay 12. The company’s announcement comes as it from its goal ofinvesting $12 billion to develop 50 communitiess over the next decade.
That includes scrapping plans to build seniorr housing facilities infive states, including Before Erickson halted construction, would-be residents had been told they coul d move in by late Erickson had planned to deliver 833 residential units througjh 2013. “We have been informed by the lenderd for our Hickory Chase projectg that despite out best efforts to resolvefinanciak issues, the lender has commenced a foreclosure proceeding that will resulty in us not being able to open Hickory Chase and end our management of the the developer wrote in its letter.
“We are deeplgy disappointed we were not able to reach a The deposits of prospective residents are not affected by the thecompany said, and it will offer refunds. The company said in June that it wouldf close its sales center in late July pending resolutionh of thefinancial issues. A company spokesmaj offered no additional comment beyond the text of the A KeyBank spokeswoman also was not immediately available for comment on thefinancingh consortium’s plans for the property. The lended had extended a $90 million constructionb loan for the project inApril 2008, according to publixc records.
In a news release, Hilliardf said it had not risked city mone y inthe $17 million of road improvements to Britton Anson Drive and Leap Road. Britton Parkway opener in January while construction continues on the Anson Those projects were financed through a communitty development authority that funded the projecgt throughbond financing. Those bondas were expected to be paid off througyh rising property taxes generated as theretirement community’s buildinges get completed.
Hilliard Finance Director Michelle Kelly-Underwoo d said the city’s current operating budgetw also did not rely on tax revenure generated bythe “In short, we were not counting money from Ericksonh until (the retirement community) was built,” Kelly-Underwood said in the “and this unfortunate development shows the wisdok of taking that conservative
Friday, February 17, 2012
Grubb & Ellis promotes Johnson to co-CEO - Kansas City Business Journal:
Founder and CEO Ted Murray said Tuesday that Bryan Johnson has been promoted from presidentto co-CEO. Ed Elder, who was executive vice president, has been promoted to Murray said. “We wanted to try movinb people into positions ofmore leadership,” Murrat said, “and Bryan (Johnson) and I identified Ed as the logical candidate for president.” who has been with Grubb Ellis/The Winbury Group since 1995, specializes in industrial Johnson, who has been with the compan y since 1984, the year it was founded, is part of the brokerage’ tenant advisory group.
“We’ve been together so long that it’sd just kind of natural” to have Johnson as a Murray said. The compan y also has named CFO Mike Connas COO, Murray said. Conn will continue as CFO. Grubb Ellis/The Winbury Group ranks No. 5 on the Kansas City Business Journal ’s list of area commerciak realestate companies. It employs 105, including 32 The full-service firm was founded as the and becamr The Winbury Groupin 1989. It becamse a Grubb & Ellis affiliate in 1997.