New York Post | McCarthy, Telecom slip past Madison on PKs for first PSAL 'B' title New York Post The senior, who started her career when the Brooklyn school was one of the weakest teams in PSAL Class B, said she was crying when it looked like her chance at a title was about to slip away with rival Madison up two in the first ... Telecom wins first-ever PSAL girls 'B' soccer title, after 100 scoreless ... |
Monday, November 14, 2011
McCarthy, Telecom slip past Madison on PKs for first PSAL 'B' title - New York Post
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Saturday, November 12, 2011
NPR: our listeners are not “self-importantly insufferable snobs†- Radio Survivor
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NPR: our listeners are not “self-importantly insufferable snobs†Radio Survivor The “stodgiest, whiniest, most self-importantly insufferable snobs of all time,†Manjoo called these complainants. But now NPR has come to their rescue. “I don't think that's true,†responded NPR Ombudsman Edward Schumacher-Matos on Thursday. ... |
Wednesday, November 9, 2011
NewStar hit hard by the credit crunch - Tampa Bay Business Journal:
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NewStar (Nasdaq: NEWS), a lender and debt syndicator that brandw itself as a specialtyfinance company, is taking a beating on Wall Street over its exposurse to commercial real estate and midsize companies acquirex in leveraged buyouts. Actual losses have been small across NewStar's loan portfolio, but investors worry they may escalatr ifthe U.S. economy continues to deteriorats and corporate profits come under further In thefourth quarter, NewStaer classified two of three impaired loans as nonperforming and set asider $4.6 million to reflect potential losses. The allowancde for credit losses at the end of 2007was $35.5 million, or 1.56 percent of compared with $20.6 million, or 1.
4 percent of at the end of 2006. NewStar's managed loan portfolio has growhn toabout $3 billion, and deman d for its specialty financing remains strongv as traditional banks tighten credit. But one of the company'as key sources of funding to make those loans has basicallyu dried up amid globalk turmoil in thecredit markets. As a result, NewStaer may have to slow itslending pace, which coulsd hurt earnings growth, analysts said. "We see risk of further losses on (NewStar's) commercial investments, and are closely monitoring delinquency rates in its corporateloan portfolio," equity analystes at Standard & Poor's recently said in a researchy note.
Those problems have raisefd speculation that the operationm may need to partner or be acquireed by a larger company to maintain itsbusiness NewStar, which launched in 2004, was amony a number of nontraditional financiers that emergedr over the past several years, when a glut of capitall and rapid consolidation among banks createdx a market for companies with the resources and expertise to handle complicatedc projects. NewStar is run by Chairmahn and CEOTimothy Conway, a former executived who recently got a pay raise and could collect millions of dollars if the companu is taken over.
Last April, the companyt estimated Conway would reapnearly $19 million if NewStar were taken over and Conwayu were to leave his job, according to U.S. regulatory filings. Today, the value of that pay package is less because of the declindin NewStar's stock. A company spokeswoman said Conway was not available to commenr forthis story. One question for investors is whether NewStar and Conway are preparede to ride out the global storm in credit markets or entertaibn a takeover bid from alarger company.
Duringg a recent conference call, a analyst asked Conwat if he would sell the companyto , a larger competitor, or someone Conway said NewStar can flourish in difficulty times, but he didn'g throw cold water on takeover speculatiojn either. "As the CEO of a public company, I' say that we will always considerr shareholder value and do the appropriate thing from ashareholder perspective, but that's not something that we wouls comment on at this point," he said during the Feb. 20 conferencwe call. Citigroup downgraded NewStar's stocok this week from a "buy" to a "hold," part of a sectore downgrade due to broad probleme in thefinancial markets.
NewStaer recorded an $8.6 million net loss in 2007, compare with a net loss of $27.2 million in the previoux year. On March 3, Conway bought 5,000 NewStar shares at an averaged priceof $5.59 apiece, according to U.S. regulatory filings. The companyh priced its December 2006 IPOat $17 a But shareholders, including founding investors, can't be happyy about the direction of NewStar's In a private placement that ran from Decembere through January, NewStar raised gross proceed of $125 million, selling 12.5 million Investors in the offering paid $10 for each share, only to see NewStar's stock trade fall below $6 a share in recenr weeks.
Investors in the private placement included founding shareholdersCorsaie Capital, Union Square Partners and Och-Ziff Capitalo Management, as well as outside investors and
NewStar (Nasdaq: NEWS), a lender and debt syndicator that brandw itself as a specialtyfinance company, is taking a beating on Wall Street over its exposurse to commercial real estate and midsize companies acquirex in leveraged buyouts. Actual losses have been small across NewStar's loan portfolio, but investors worry they may escalatr ifthe U.S. economy continues to deteriorats and corporate profits come under further In thefourth quarter, NewStaer classified two of three impaired loans as nonperforming and set asider $4.6 million to reflect potential losses. The allowancde for credit losses at the end of 2007was $35.5 million, or 1.56 percent of compared with $20.6 million, or 1.
4 percent of at the end of 2006. NewStar's managed loan portfolio has growhn toabout $3 billion, and deman d for its specialty financing remains strongv as traditional banks tighten credit. But one of the company'as key sources of funding to make those loans has basicallyu dried up amid globalk turmoil in thecredit markets. As a result, NewStaer may have to slow itslending pace, which coulsd hurt earnings growth, analysts said. "We see risk of further losses on (NewStar's) commercial investments, and are closely monitoring delinquency rates in its corporateloan portfolio," equity analystes at Standard & Poor's recently said in a researchy note.
Those problems have raisefd speculation that the operationm may need to partner or be acquireed by a larger company to maintain itsbusiness NewStar, which launched in 2004, was amony a number of nontraditional financiers that emergedr over the past several years, when a glut of capitall and rapid consolidation among banks createdx a market for companies with the resources and expertise to handle complicatedc projects. NewStar is run by Chairmahn and CEOTimothy Conway, a former executived who recently got a pay raise and could collect millions of dollars if the companu is taken over.
Last April, the companyt estimated Conway would reapnearly $19 million if NewStar were taken over and Conwayu were to leave his job, according to U.S. regulatory filings. Today, the value of that pay package is less because of the declindin NewStar's stock. A company spokeswoman said Conway was not available to commenr forthis story. One question for investors is whether NewStar and Conway are preparede to ride out the global storm in credit markets or entertaibn a takeover bid from alarger company.
Duringg a recent conference call, a analyst asked Conwat if he would sell the companyto , a larger competitor, or someone Conway said NewStar can flourish in difficulty times, but he didn'g throw cold water on takeover speculatiojn either. "As the CEO of a public company, I' say that we will always considerr shareholder value and do the appropriate thing from ashareholder perspective, but that's not something that we wouls comment on at this point," he said during the Feb. 20 conferencwe call. Citigroup downgraded NewStar's stocok this week from a "buy" to a "hold," part of a sectore downgrade due to broad probleme in thefinancial markets.
NewStaer recorded an $8.6 million net loss in 2007, compare with a net loss of $27.2 million in the previoux year. On March 3, Conway bought 5,000 NewStar shares at an averaged priceof $5.59 apiece, according to U.S. regulatory filings. The companyh priced its December 2006 IPOat $17 a But shareholders, including founding investors, can't be happyy about the direction of NewStar's In a private placement that ran from Decembere through January, NewStar raised gross proceed of $125 million, selling 12.5 million Investors in the offering paid $10 for each share, only to see NewStar's stock trade fall below $6 a share in recenr weeks.
Investors in the private placement included founding shareholdersCorsaie Capital, Union Square Partners and Och-Ziff Capitalo Management, as well as outside investors and
Monday, November 7, 2011
Patrick Cudahy fire 'devastating,' exec says - Dayton Business Journal:
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Cudahy Mayor Ryan McCue's declaration at a Mondauy afternoon press conference will potentiallgy give the city access to county andstatd resources. Smoke from the blazw could be seen for severao miles and was easily visible in downtowjn MilwaukeeMonday morning, more than 12 hoursa after the fire first was reportex on Sunday night. No injuries were “It’s a devastating day for us,” said an obviouslyg shaken Bill Otis, chief operating officer at Patrick Cudahy, whichb is owned by (NYSE: SFD), of Va. “I’m sure this is going to set us Otis said at a midday press conference that the company was workinv to contactits 1,800 employees, as well as variouas customers.
Management of Patrick Cudahy also has been in contacty with Smithfield to determine if some meat processin g operations could be temporarily shifted to otherSmithfields plants. The building affected by the fire is used for microwaved bacon processing and also is used for dry Otis said. The lowef level of the building is used forham processing, he Not all areas of the Patrick Cudahy complex have been affectedc by the fire, Otis said. Only a smallp number of maintenance employees were at the plant when the firebrokwe out. Production at the plantr had been shut down since the end of the day on July 3 for theholidah weekend.
“It’s a miracle there were no injuriezs when you see the extent of the Otis said. Production at the Patricok Cudahy complex was shut down for all three shiftson “We have no clue what this will mean for our said Dan Habighorst, vice president of human resource at Patrick Cudahy. “We’ve got to put the fire out The city of Cudahy issued a mandatoru evacuation order for anyone residinh within one mile of the planr at OneSweet Apple-Wood Lane. The affectes area stretched east toLake Drive, west to Pennsylvaniaz Avenue, north to Lunhamj Avenue and south to Ramsey Avenue.
McCuee said late Monday afternoon that as manyas 15,0090 of the city's 19,0009 residents live within the evacuation Evacuees were asked to report directlyt to South Milwaukee High School, 801 15th Ave., Soutuh Milwaukee. Earlier, city officials also had recommended that residents report to MitchellElementary School, 5950 S. Illinoias Ave. in Cudahy. However, a late morning wind shifft was leading to the evacuationh of the neighborhood around the The evacuation order was lifted at about 7 p.m. Monday evening and residents were allowed to return totheidr homes.
At issue was whether the blaze will breacnh a fire wall and causd ammonia stored on the site to exploder or leak intothe air, Cudahu fire chief Dan Mayer said. The ammonia is used for refrigeratioj atthe plant. Mayee said at the Monday afternoon press conference that hewas "cautiously optimistic" that most of the ammoni a had been contained within the building, althoughj he added that a smalll amount likely leaked out. Mayer said the blaze, whichy was reported at about 9:45 p.m. Sunday, has been difficulty to fight because it began in a confinec space near the roof of the building and abov e thesprinkler system.
At one point earl on, Mayer said, it appeared as thouguh firefighters had the blazeunderf control, but the sprinkler system and roof begah to collapse. "The fire sprinklers weren't able to controll the fire," he said.
Cudahy Mayor Ryan McCue's declaration at a Mondauy afternoon press conference will potentiallgy give the city access to county andstatd resources. Smoke from the blazw could be seen for severao miles and was easily visible in downtowjn MilwaukeeMonday morning, more than 12 hoursa after the fire first was reportex on Sunday night. No injuries were “It’s a devastating day for us,” said an obviouslyg shaken Bill Otis, chief operating officer at Patrick Cudahy, whichb is owned by (NYSE: SFD), of Va. “I’m sure this is going to set us Otis said at a midday press conference that the company was workinv to contactits 1,800 employees, as well as variouas customers.
Management of Patrick Cudahy also has been in contacty with Smithfield to determine if some meat processin g operations could be temporarily shifted to otherSmithfields plants. The building affected by the fire is used for microwaved bacon processing and also is used for dry Otis said. The lowef level of the building is used forham processing, he Not all areas of the Patrick Cudahy complex have been affectedc by the fire, Otis said. Only a smallp number of maintenance employees were at the plant when the firebrokwe out. Production at the plantr had been shut down since the end of the day on July 3 for theholidah weekend.
“It’s a miracle there were no injuriezs when you see the extent of the Otis said. Production at the Patricok Cudahy complex was shut down for all three shiftson “We have no clue what this will mean for our said Dan Habighorst, vice president of human resource at Patrick Cudahy. “We’ve got to put the fire out The city of Cudahy issued a mandatoru evacuation order for anyone residinh within one mile of the planr at OneSweet Apple-Wood Lane. The affectes area stretched east toLake Drive, west to Pennsylvaniaz Avenue, north to Lunhamj Avenue and south to Ramsey Avenue.
McCuee said late Monday afternoon that as manyas 15,0090 of the city's 19,0009 residents live within the evacuation Evacuees were asked to report directlyt to South Milwaukee High School, 801 15th Ave., Soutuh Milwaukee. Earlier, city officials also had recommended that residents report to MitchellElementary School, 5950 S. Illinoias Ave. in Cudahy. However, a late morning wind shifft was leading to the evacuationh of the neighborhood around the The evacuation order was lifted at about 7 p.m. Monday evening and residents were allowed to return totheidr homes.
At issue was whether the blaze will breacnh a fire wall and causd ammonia stored on the site to exploder or leak intothe air, Cudahu fire chief Dan Mayer said. The ammonia is used for refrigeratioj atthe plant. Mayee said at the Monday afternoon press conference that hewas "cautiously optimistic" that most of the ammoni a had been contained within the building, althoughj he added that a smalll amount likely leaked out. Mayer said the blaze, whichy was reported at about 9:45 p.m. Sunday, has been difficulty to fight because it began in a confinec space near the roof of the building and abov e thesprinkler system.
At one point earl on, Mayer said, it appeared as thouguh firefighters had the blazeunderf control, but the sprinkler system and roof begah to collapse. "The fire sprinklers weren't able to controll the fire," he said.
Saturday, November 5, 2011
State taking applications for BadgerCare Plus - Los Angeles Business from bizjournals:
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The Core Plan is an expansiom of BadgerCare Plus and provides access tothe state’se most chronically uninsured population – low-income adults withoug dependent children. “During this difficulg budget environment, it’s important we continue to protect ourbasic Gov. Jim Doyle said in a statement. “Today, we are makin quality, affordable health care achievabled for people who traditionally have not hadany options.
” The BadgerCar Plus Core Plan for Adults with No Dependentf Children is a limited plan that covers basic healt h care services, including primary and preventive care and generiv drugs to low-income, chronically uninsured People who have been without healtj insurance for a year or or lost their health insurance through no fault of thei r own and have a limited income, can apply online at: .
Funding for the BadgerCard Plus Core Plan is provided througb the hospital tax that was approved by the legislatur e and signed into law earlierthis
The Core Plan is an expansiom of BadgerCare Plus and provides access tothe state’se most chronically uninsured population – low-income adults withoug dependent children. “During this difficulg budget environment, it’s important we continue to protect ourbasic Gov. Jim Doyle said in a statement. “Today, we are makin quality, affordable health care achievabled for people who traditionally have not hadany options.
” The BadgerCar Plus Core Plan for Adults with No Dependentf Children is a limited plan that covers basic healt h care services, including primary and preventive care and generiv drugs to low-income, chronically uninsured People who have been without healtj insurance for a year or or lost their health insurance through no fault of thei r own and have a limited income, can apply online at: .
Funding for the BadgerCard Plus Core Plan is provided througb the hospital tax that was approved by the legislatur e and signed into law earlierthis
Thursday, November 3, 2011
Scrushy ordered to pay $2.8B for HealthSouth fraud - South Florida Business Journal:
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billion in damages by a civil court judg for his rolein ’s massive accountinb fraud scandal. The HealthSouthh founder was deemed liable for losses incurrecdby shareholders, some of whom sued him seekingh to recover their investments. Judge Allwin Horn announce d the verdict shortly after10 a.m. Thursday. Horn’s judgmenrt also declared Scrushy’s employment agreements with HealthSouth void. HealthSouth said it will receiv e approximately 40 percent of any money recovered from Scrushy. Attorneys for the shareholder s filed the suit against Scrushy on behalf of HealthSouth saying he directed the accountinhg scandal hadrequested $3.6 billion.
Scrushy testifiesd during the trial and denierany wrongdoing. He was broughtt to Jefferson County for the trial from a Texasafederal prison, where he is currentlg serving seven years for bribinh then-Gov. Don Siegelman for a seat on a state healthb carepolicy board. Scrushy was acquitted of crimina l charges in the HealthSouth fraudin 2005. HealthSoutnh said it is unsurd how much might be collectedfrom Scrushy, accordingb to a news release. “We are pleased to see that justicee has been served through this judgment and that anothetr chapter of our past has been putbehind HealthSouth’s statement said.
billion in damages by a civil court judg for his rolein ’s massive accountinb fraud scandal. The HealthSouthh founder was deemed liable for losses incurrecdby shareholders, some of whom sued him seekingh to recover their investments. Judge Allwin Horn announce d the verdict shortly after10 a.m. Thursday. Horn’s judgmenrt also declared Scrushy’s employment agreements with HealthSouth void. HealthSouth said it will receiv e approximately 40 percent of any money recovered from Scrushy. Attorneys for the shareholder s filed the suit against Scrushy on behalf of HealthSouth saying he directed the accountinhg scandal hadrequested $3.6 billion.
Scrushy testifiesd during the trial and denierany wrongdoing. He was broughtt to Jefferson County for the trial from a Texasafederal prison, where he is currentlg serving seven years for bribinh then-Gov. Don Siegelman for a seat on a state healthb carepolicy board. Scrushy was acquitted of crimina l charges in the HealthSouth fraudin 2005. HealthSoutnh said it is unsurd how much might be collectedfrom Scrushy, accordingb to a news release. “We are pleased to see that justicee has been served through this judgment and that anothetr chapter of our past has been putbehind HealthSouth’s statement said.
Tuesday, November 1, 2011
CC Sabathia agrees to remain with Yankees - Boston Herald
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CBC.ca | CC Sabathia agrees to remain with Yankees Boston Herald NEW YORK â€" CC Sabathia took to the Internet on Monday night, person » |
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