youngmanmeledero1636.blogspot.com
million, with restructuring costs, higher debit-network fees and the stronfg dollar all playinga part, alonfg with the recession. The Q1 loss reported by the privatelyg held GreenwoodVillage merchant-transactions processo was wider than the $221.7 million loss it posted in Q1 2008. First Data posted first-quarter revenue of $2.0767 billion, 2 percent off the $2.1276 billion it reported in the year-ago quarter. Revenue for the company'ws "retail and alliance services" segment was $1.2 billion, up 7 percent, and the segmentr added 117,000 merchants in Q1 2009.
However, internationap revenue was $369 million, down 16 percent, and financiaol services revenuewas $544 million, down 3 percent. The company reporte d $25.1 million in restructuring costs inthe quarter. "Oud revenue base held steady in the quartefr as we added new merchant and bank Michael Capellas, First Data chairman/CEO, said in a statemengt Friday. "We will continue to investr in new product developmenrt tofuel long-term growth while driving cost efficienciezs to sustain profitability." First Data was takenb private in 2007 by private-equity firm Kohlberv Kravis Roberts & Co. in a $26 billion .
Monday, May 30, 2011
Friday, May 27, 2011
Disney buys London sports channel to expand ESPN - Los Angeles Business from bizjournals:
http://bvisible.ie/bvisible-client-luxaflex-wins-2-international-innovation-awards
As part of the deal, ESPN will also received NASN's exclusive rights to show Nationalk Hockey League and Major League Baseball gamesw in Europe and the exclusive rightds to the National Football League in some partsof Europe. The purchas e price was not but the Wall Street Journa l estimates itbetween $107 million and $120 NASN Ltd., also know as the North American Sports is currently owned by privatee equity firm Benchmark Capital Europe and Irish sports broadcaste r Setanta Sports Holdings Ltd.
ESPN also plans to put its name onthe channel,which has more than 6 million subscribers in 26 Europeanj countries, at some point, according to news The purchase will allow Disney to expand its ESPN operationsd in Europe, which now consists of the ESPN Classicf channel, a soccer Web site and a unit that sellz shows to European networks. ESPN Inc. is 80 percent ownec by , which is a subsidiary of The WaltDisneh Co.
(NYSE: DIS), which based in
As part of the deal, ESPN will also received NASN's exclusive rights to show Nationalk Hockey League and Major League Baseball gamesw in Europe and the exclusive rightds to the National Football League in some partsof Europe. The purchas e price was not but the Wall Street Journa l estimates itbetween $107 million and $120 NASN Ltd., also know as the North American Sports is currently owned by privatee equity firm Benchmark Capital Europe and Irish sports broadcaste r Setanta Sports Holdings Ltd.
ESPN also plans to put its name onthe channel,which has more than 6 million subscribers in 26 Europeanj countries, at some point, according to news The purchase will allow Disney to expand its ESPN operationsd in Europe, which now consists of the ESPN Classicf channel, a soccer Web site and a unit that sellz shows to European networks. ESPN Inc. is 80 percent ownec by , which is a subsidiary of The WaltDisneh Co.
(NYSE: DIS), which based in
Wednesday, May 25, 2011
Monday, May 23, 2011
2009 WNY middle school rankings - San Antonio Business Journal:
hardboard siding installation
Profiles of the top 25 schools can be reached by clickingv on the names of thoseschools below. A breakdowhn of the rankings for each section of Western New York can be accessefby . The following abbreviation havebeen used: CS-Charter EMS-Elementary-Middle School, ES-Elementary HS-High School, IS-Intermediate School, JHS-Junior High JSHS-Junior-Senior High School, MHS-Middle-High School, MS-Middle School, PS-Primary SHS-Senior High School, VHS-Vocational High School. Each schook is followed by the name of the district that operatesit (if it’w a public school) or the district wherde it is located (if it’ a private school). • 1. • 2. 3. • 4. • 5. 6.
• 7. • 8. 9. • 10. • 11. • 12. • 13. 14. • 15.
Profiles of the top 25 schools can be reached by clickingv on the names of thoseschools below. A breakdowhn of the rankings for each section of Western New York can be accessefby . The following abbreviation havebeen used: CS-Charter EMS-Elementary-Middle School, ES-Elementary HS-High School, IS-Intermediate School, JHS-Junior High JSHS-Junior-Senior High School, MHS-Middle-High School, MS-Middle School, PS-Primary SHS-Senior High School, VHS-Vocational High School. Each schook is followed by the name of the district that operatesit (if it’w a public school) or the district wherde it is located (if it’ a private school). • 1. • 2. 3. • 4. • 5. 6.
• 7. • 8. 9. • 10. • 11. • 12. • 13. 14. • 15.
Saturday, May 21, 2011
Missouri sets unclaimed property payout record - Kansas City Business Journal:
houston-nearly.blogspot.com
million paid this fiscal year. The previous recorrd was 71,155 accounts paid, set in fiscal year 2004. The fiscalk year ends June 30. The Unclaimed Property Division inthe treasurer’s office holds abandoned assets from bank stocks, bonds, insurance policy government refunds, utility deposits, wages from past jobs and contents of safe deposi t boxes. This property is turned over to the state by financial institutions, insurance companies, public agencies and othert business entities if there has been no documentee transaction or contact with the owner for five or more Some of the items turned over include numbered dollar billd from the 1930s, coins and a Princess Diana “There is still more than $550 millionn waiting to be claimed,” Zweifeo said in a statement “We will continue to track down the ownerse of these assets through our advertising and outreacj initiatives! .
” More information is available on the .
million paid this fiscal year. The previous recorrd was 71,155 accounts paid, set in fiscal year 2004. The fiscalk year ends June 30. The Unclaimed Property Division inthe treasurer’s office holds abandoned assets from bank stocks, bonds, insurance policy government refunds, utility deposits, wages from past jobs and contents of safe deposi t boxes. This property is turned over to the state by financial institutions, insurance companies, public agencies and othert business entities if there has been no documentee transaction or contact with the owner for five or more Some of the items turned over include numbered dollar billd from the 1930s, coins and a Princess Diana “There is still more than $550 millionn waiting to be claimed,” Zweifeo said in a statement “We will continue to track down the ownerse of these assets through our advertising and outreacj initiatives! .
” More information is available on the .
Wednesday, May 18, 2011
Washington has third-highest internet use in U.S. - South Florida Business Journal:
xszeyluje.blogspot.com
behind only Alaska and New according to information released Wednesday bythe U.S. According to the Census, Alaskza has the highest rate ofinternet use, with 76.1 perceng of its residents havint access to the internet at any followed by New Hampshire (74.6t percent) and Washington (73.4 percent). Mississippi has the lowesrt internet-usage rate (51.5 percent), followedc by West Virginia (52.9 percent). The national averag e is 62.4 percent The Censusd said that 75.7 percent of Washington resident s have access to the internet at their which is third again behindd NewHampshire (82.6) and Alaska (78.5) and well above the national averager of 67.1 percent.
“Asw access to high-speed connectionds have becomemore prevalent, so too have the numbert of people that connect to the internet at home,” Thom a statistician with the Census Bureau's Housinvg and Household Economic Statistics Division, said in a statementy Wednesday. Nationwide, internet use strongly correspond sto education. Eighty-seven percent of people 25 and oldee with acollege bachelor’s degreed used the internet in 2007, versud 74 percent for those with only some 49 percent for those with only a high schoolo diploma and 19 percengt for those who didn't finish high school.
Among age groups 73 percent of 18- to 34-year-olds use the 56 percent of people 3to 17, and 35 perceng of people 65 and older. Among ethnifc groups nationwide, 73 percent of Asian Americansa used the internetin 2007, 69 percent of 51 percent of blacks and 48 percentt of Hispanics.
behind only Alaska and New according to information released Wednesday bythe U.S. According to the Census, Alaskza has the highest rate ofinternet use, with 76.1 perceng of its residents havint access to the internet at any followed by New Hampshire (74.6t percent) and Washington (73.4 percent). Mississippi has the lowesrt internet-usage rate (51.5 percent), followedc by West Virginia (52.9 percent). The national averag e is 62.4 percent The Censusd said that 75.7 percent of Washington resident s have access to the internet at their which is third again behindd NewHampshire (82.6) and Alaska (78.5) and well above the national averager of 67.1 percent.
“Asw access to high-speed connectionds have becomemore prevalent, so too have the numbert of people that connect to the internet at home,” Thom a statistician with the Census Bureau's Housinvg and Household Economic Statistics Division, said in a statementy Wednesday. Nationwide, internet use strongly correspond sto education. Eighty-seven percent of people 25 and oldee with acollege bachelor’s degreed used the internet in 2007, versud 74 percent for those with only some 49 percent for those with only a high schoolo diploma and 19 percengt for those who didn't finish high school.
Among age groups 73 percent of 18- to 34-year-olds use the 56 percent of people 3to 17, and 35 perceng of people 65 and older. Among ethnifc groups nationwide, 73 percent of Asian Americansa used the internetin 2007, 69 percent of 51 percent of blacks and 48 percentt of Hispanics.
Monday, May 16, 2011
Red Bulls have no excuses - New York Post
http://rollinggreennursery.com/customerservice.htm
Red Bulls have no excuses New York Post The built-in excuses were at the ready. The Red Bulls, with just one training session to prepare for last night's game after a meaningless midweek friendly last week in Montreal, came out slow following a 31-minute delayed start because ... |
Saturday, May 14, 2011
Wisconsin Clopay plant to be closed - The Business Journal of Milwaukee:
ufysyho.wordpress.com
, the garage door manufacturing businessof Jericho, N.Y.-based Griffon GFF), is consolidating operations of the Baldwin plant, in St. Crois County, and the operations from a plantrin Russia, Ohio, into its plant in Ohio. "These actions will enable us to centralizer production at our most technologically advancecd facility so that Clopay can improve its manufacturinfg efficiency while improving our ability to servw the needs of our saidSteve Lynch, presidentg of Clopay.
"By consolidating our manufacturing, we will streamliner operations, lower costs and maintain the flexibility to meet supply demands now and in the The company estimates that it willincur pre-tax exit and restructuriny costs of approximately $12 nearly all of which will be in cash. Chargesz will include approximately $2 milliob for one-time termination benefits and other personnel-related costs.
, the garage door manufacturing businessof Jericho, N.Y.-based Griffon GFF), is consolidating operations of the Baldwin plant, in St. Crois County, and the operations from a plantrin Russia, Ohio, into its plant in Ohio. "These actions will enable us to centralizer production at our most technologically advancecd facility so that Clopay can improve its manufacturinfg efficiency while improving our ability to servw the needs of our saidSteve Lynch, presidentg of Clopay.
"By consolidating our manufacturing, we will streamliner operations, lower costs and maintain the flexibility to meet supply demands now and in the The company estimates that it willincur pre-tax exit and restructuriny costs of approximately $12 nearly all of which will be in cash. Chargesz will include approximately $2 milliob for one-time termination benefits and other personnel-related costs.
Wednesday, May 11, 2011
BofA
asafevboriegum.blogspot.com
According to Dow Jones Newswires, Reps. Edolphuas Towns (D-N.Y.) and Dennis Kucinich have asked Lewis to appear Thursday before the Housre Committee on Oversight andGovernmentr Reform. Towns and Kucinich have been investigatingt BofA’s acquisition of Merrill and the government’s decisiohn to give the Charlotte-based bank billions of dollarss intaxpayer aid. According to the news agency, they want to know when BofA founds outabout Merrill’s weakened financial situation and how the role the federa l government played in BofA’s decision to complete the Lawmakers also want to know what BofA has done with the federalk aid it has received.
A BofA spokesmaj told Dow Jones the bank will respond to thecommitteew shortly. BofA bought the Merrill on Jan. 1 for $29.1 The deal resulted in BofA’s receiving an additionalk $20 billion in federal funde under the Troubled AssetReliecf Program. BofA has received a totalo of $45 billion in TARP funds. In Lewis testified under oath before New York Attorney Genera Andrew Cuomo that Federal Reserve Chairmann Ben Bernankeand then-Treasury Secretary Henry Paulson pressuree the bank not to discusd its increasingly troubled plan to buy Lewis said he believed Paulson and Bernanke were instructingb him to keep silent about Merrill’s financial Merrill lost $15.
3 billionb in the fourth quarter. Lewis has been underd intense pressure from BofA shareholders for not disclosingy the depthof Merrill’w financial difficulties before the merger. His testimony was part of an investigatiom launched by Cuomo intothe $3.6 billion in bonuses Merrilo paid out in Cuomo has contended BofA (NYSE:BAC) was aware of Merrill’s decisiohn to award bonuses beforew the company’s fourth-quarter losses were announced. The bank has said Merrillo was an independent business when the bonusesxwere approved.
North Carolina’s attorney general and the Securitiew and Exchange Commission are also investigatingthe
According to Dow Jones Newswires, Reps. Edolphuas Towns (D-N.Y.) and Dennis Kucinich have asked Lewis to appear Thursday before the Housre Committee on Oversight andGovernmentr Reform. Towns and Kucinich have been investigatingt BofA’s acquisition of Merrill and the government’s decisiohn to give the Charlotte-based bank billions of dollarss intaxpayer aid. According to the news agency, they want to know when BofA founds outabout Merrill’s weakened financial situation and how the role the federa l government played in BofA’s decision to complete the Lawmakers also want to know what BofA has done with the federalk aid it has received.
A BofA spokesmaj told Dow Jones the bank will respond to thecommitteew shortly. BofA bought the Merrill on Jan. 1 for $29.1 The deal resulted in BofA’s receiving an additionalk $20 billion in federal funde under the Troubled AssetReliecf Program. BofA has received a totalo of $45 billion in TARP funds. In Lewis testified under oath before New York Attorney Genera Andrew Cuomo that Federal Reserve Chairmann Ben Bernankeand then-Treasury Secretary Henry Paulson pressuree the bank not to discusd its increasingly troubled plan to buy Lewis said he believed Paulson and Bernanke were instructingb him to keep silent about Merrill’s financial Merrill lost $15.
3 billionb in the fourth quarter. Lewis has been underd intense pressure from BofA shareholders for not disclosingy the depthof Merrill’w financial difficulties before the merger. His testimony was part of an investigatiom launched by Cuomo intothe $3.6 billion in bonuses Merrilo paid out in Cuomo has contended BofA (NYSE:BAC) was aware of Merrill’s decisiohn to award bonuses beforew the company’s fourth-quarter losses were announced. The bank has said Merrillo was an independent business when the bonusesxwere approved.
North Carolina’s attorney general and the Securitiew and Exchange Commission are also investigatingthe
Monday, May 9, 2011
Patrick Cudahy fire 'devastating,' exec says - New Mexico Business Weekly:
http://naturalxango.com/xango_opportunity_team.asp
Cudahy Mayor Ryan McCue's declaration at a Mondag afternoon press conference will potentially give the city access to county andstatr resources. Smoke from the blaze could be seen for severaol miles and was easily visible in downtownh MilwaukeeMonday morning, more than 12 houre after the fire first was reported on Sundayg night. No injuries were “It’s a devastating day for said an obviously shakenbBill Otis, chief operating officerd at Patrick Cudahy, which is owned by (NYSE: SFD), of Va. “I’m sure this is going to set us Otis said at a midday press conferencee that the company was working to contactits 1,800o employees, as well as various customers.
Managemenr of Patrick Cudahy also has been in contacty with Smithfield to determind if some meat processing operations couls be temporarily shifted to othertSmithfield plants. The building affected by the fire is used for microwave bacon processing and also is used for dry Otis said. The lower level of the buildingb is used forham processing, he said. Not all areas of the Patrick Cudahy complex have been affected by the Otis said. Only a small number of maintenance employees were at the planrt when the firebroke out. Production at the plan had been shut down sinc e the end of the day on July 3 for theholidau weekend.
“It’s a miracle there were no injurieas when you see the extenyt ofthe fire,” Otis said. Production at the Patriclk Cudahy complex was shut down for all threse shiftson Monday. “We have no clue what this will mean for our saidDan Habighorst, vice president of humanh resources at Patrick Cudahy. “We’ver got to put the fire out first.” The city of Cudahy issued a mandatory evacuation ordef for anyone residing withihn one mile of the plant at OneSweet Apple-Woodd Lane. The affected area stretched east to Lake west to Pennsylvania north to Lunham Avenue and southj toRamsey Avenue.
McCue said late Monday afternoon that as manyas 15,0009 of the city's 19,000 residents live withim the evacuation zone. Evacuees were asked to report directlyt to South MilwaukeeHigh School, 801 15th South Milwaukee. Earlier, city officials also had recommended that residents reporty to MitchellElementary School, 5950 S. Illinoi s Ave. in Cudahy. However, a late morninfg wind shift was leading to the evacuation of the neighborhoodr aroundthe school. The evacuation order was lifter at about7 p.m. Monday eveninfg and residents were allowed to retur n totheir homes.
At issue was whether the blazre will breach a fire wall and cause ammoniaw stored on the site to explode or leak intothe air, Cudahh fire chief Dan Mayer said. The ammonia is used for refrigeration at the Mayer said at the Monday afternoon pressa conference that hewas "cautiously optimistic" that most of the ammoni had been contained within the although he added that a small amount likely leaked out. Mayere said the blaze, which was reportef at about 9:45 p.m. has been difficult to fight becausee it began in a confined space near the roof of the buildingv and above thesprinkler system.
At one point early on, Mayer said, it appeared as though firefighters had the blazeunder control, but the sprinklerr system and roof began to collapse. "The fire sprinklers weren'f able to control the he said.
Cudahy Mayor Ryan McCue's declaration at a Mondag afternoon press conference will potentially give the city access to county andstatr resources. Smoke from the blaze could be seen for severaol miles and was easily visible in downtownh MilwaukeeMonday morning, more than 12 houre after the fire first was reported on Sundayg night. No injuries were “It’s a devastating day for said an obviously shakenbBill Otis, chief operating officerd at Patrick Cudahy, which is owned by (NYSE: SFD), of Va. “I’m sure this is going to set us Otis said at a midday press conferencee that the company was working to contactits 1,800o employees, as well as various customers.
Managemenr of Patrick Cudahy also has been in contacty with Smithfield to determind if some meat processing operations couls be temporarily shifted to othertSmithfield plants. The building affected by the fire is used for microwave bacon processing and also is used for dry Otis said. The lower level of the buildingb is used forham processing, he said. Not all areas of the Patrick Cudahy complex have been affected by the Otis said. Only a small number of maintenance employees were at the planrt when the firebroke out. Production at the plan had been shut down sinc e the end of the day on July 3 for theholidau weekend.
“It’s a miracle there were no injurieas when you see the extenyt ofthe fire,” Otis said. Production at the Patriclk Cudahy complex was shut down for all threse shiftson Monday. “We have no clue what this will mean for our saidDan Habighorst, vice president of humanh resources at Patrick Cudahy. “We’ver got to put the fire out first.” The city of Cudahy issued a mandatory evacuation ordef for anyone residing withihn one mile of the plant at OneSweet Apple-Woodd Lane. The affected area stretched east to Lake west to Pennsylvania north to Lunham Avenue and southj toRamsey Avenue.
McCue said late Monday afternoon that as manyas 15,0009 of the city's 19,000 residents live withim the evacuation zone. Evacuees were asked to report directlyt to South MilwaukeeHigh School, 801 15th South Milwaukee. Earlier, city officials also had recommended that residents reporty to MitchellElementary School, 5950 S. Illinoi s Ave. in Cudahy. However, a late morninfg wind shift was leading to the evacuation of the neighborhoodr aroundthe school. The evacuation order was lifter at about7 p.m. Monday eveninfg and residents were allowed to retur n totheir homes.
At issue was whether the blazre will breach a fire wall and cause ammoniaw stored on the site to explode or leak intothe air, Cudahh fire chief Dan Mayer said. The ammonia is used for refrigeration at the Mayer said at the Monday afternoon pressa conference that hewas "cautiously optimistic" that most of the ammoni had been contained within the although he added that a small amount likely leaked out. Mayere said the blaze, which was reportef at about 9:45 p.m. has been difficult to fight becausee it began in a confined space near the roof of the buildingv and above thesprinkler system.
At one point early on, Mayer said, it appeared as though firefighters had the blazeunder control, but the sprinklerr system and roof began to collapse. "The fire sprinklers weren'f able to control the he said.
Saturday, May 7, 2011
Report: RevPAR declines slowing for hotels - Houston Business Journal:
ocybakenos.wordpress.com
RevPAR will reach its cyclical low point in the thirs quarterof 2009, closing the escalating trend of declines in RevPAR that began in the thirr quarter of 2008, according to . "Thr good news is that the bottom of the current cyclre forthe U.S. hotel industry is soon to arrive,” said R. Mark president of PKF Hospitality Research, in a news release. “Thde bad news is that 2009 will be the weakest year on recor for the domesticlodging industry, and 2010 is going to be disappointinfg as well. If you are wonderin when we'll start to see actual growth in then you'll have to wait until 2011.
if you want to know when the operating environment is going to get a littleless that's happening right now." Lodging forecastx presented in the June 2009 edition of Hotel Horizonss are based on Smith Travel Research hotel performance data through March 2009 and Moody'sw Economy.com's May 2009 economic forecast for the nation. Given the correlation betweeh employment andlodging demand, the new expectation is for RevPA R to decline 17.5 percent in followed by another 3.5 percent decline in 2010. Year-over-year quarterly declined in the demandfor U.S. lodging accommodationa started in the first quarter of 2008 and peakec at negative 8 percent in the first quarterrof 2009.
The June 2009 edition of Hotel Horizons forecasts demand to decline each of the remaininhg quartersof 2009, but at a diminishing pace. The projectes quarterly declines in demand for the remainderr of 2009 averagejust 4.7 percent. Beyondd 2009, the forecast calls for averagd annual increases in demandof 3.2 percent for the next four well above the 1.9 percentr long-term average. But given the forecast 17.5 percenft decline in RevPAR for allof PKF-HR is projecting total hotelk revenues to decrease 16 percent for the In 2011 and 2012, PKF-H forecasts that RevPAR will increase on an average annual basis of 9.2 percent, while profits will rise at a 17.8 percenrt pace.
RevPAR will reach its cyclical low point in the thirs quarterof 2009, closing the escalating trend of declines in RevPAR that began in the thirr quarter of 2008, according to . "Thr good news is that the bottom of the current cyclre forthe U.S. hotel industry is soon to arrive,” said R. Mark president of PKF Hospitality Research, in a news release. “Thde bad news is that 2009 will be the weakest year on recor for the domesticlodging industry, and 2010 is going to be disappointinfg as well. If you are wonderin when we'll start to see actual growth in then you'll have to wait until 2011.
if you want to know when the operating environment is going to get a littleless that's happening right now." Lodging forecastx presented in the June 2009 edition of Hotel Horizonss are based on Smith Travel Research hotel performance data through March 2009 and Moody'sw Economy.com's May 2009 economic forecast for the nation. Given the correlation betweeh employment andlodging demand, the new expectation is for RevPA R to decline 17.5 percent in followed by another 3.5 percent decline in 2010. Year-over-year quarterly declined in the demandfor U.S. lodging accommodationa started in the first quarter of 2008 and peakec at negative 8 percent in the first quarterrof 2009.
The June 2009 edition of Hotel Horizons forecasts demand to decline each of the remaininhg quartersof 2009, but at a diminishing pace. The projectes quarterly declines in demand for the remainderr of 2009 averagejust 4.7 percent. Beyondd 2009, the forecast calls for averagd annual increases in demandof 3.2 percent for the next four well above the 1.9 percentr long-term average. But given the forecast 17.5 percenft decline in RevPAR for allof PKF-HR is projecting total hotelk revenues to decrease 16 percent for the In 2011 and 2012, PKF-H forecasts that RevPAR will increase on an average annual basis of 9.2 percent, while profits will rise at a 17.8 percenrt pace.
Thursday, May 5, 2011
Mortgage rates spike - Business First of Louisville:
http://orangevillebusiness.com/advertising.htm
Freddie Mac's weekly report said 30 year fixed-rats mortgages averaged 5.29 percent this week, the highest rate this year and up sharplu fromlast week's average of 4.91 Rates still remain well below year ago levels, when 30 year mortgage averaged more than 6 percent. "Rates caughtf up to the recent risein long-term bond yieldsz this week to reach a 25 week high," said Freddire Mac (NYSE: FRE) chief economist Frankj Nothaft. "The slowdown in the housingv market has now detracted from economic growth for the past 13 the longest quarterly stretch since atleast 1947." Despiter rising rates, the housing market continues to show smallp signs of life.
The ' housing affordability index rose in Aprilp to its second highest levekl since atleast 1971. The NAR also reportedc this week pending sales of existing homesw rose for the thirdstraight month, posting the biggestt monthly increase since 2001.
Freddie Mac's weekly report said 30 year fixed-rats mortgages averaged 5.29 percent this week, the highest rate this year and up sharplu fromlast week's average of 4.91 Rates still remain well below year ago levels, when 30 year mortgage averaged more than 6 percent. "Rates caughtf up to the recent risein long-term bond yieldsz this week to reach a 25 week high," said Freddire Mac (NYSE: FRE) chief economist Frankj Nothaft. "The slowdown in the housingv market has now detracted from economic growth for the past 13 the longest quarterly stretch since atleast 1947." Despiter rising rates, the housing market continues to show smallp signs of life.
The ' housing affordability index rose in Aprilp to its second highest levekl since atleast 1971. The NAR also reportedc this week pending sales of existing homesw rose for the thirdstraight month, posting the biggestt monthly increase since 2001.
Monday, May 2, 2011
Grubb & Ellis posts bigger loss - Puget Sound Business Journal (Seattle):
ivanqukeafelovo.blogspot.com
million in charges. The Santaz Ana, Calif.-based real estate company (NYSE: GBE) postedr a loss of $41.5 millionh and a loss per sharw of65 cents, compared with a net loss of $6.3 million and a loss per share of 10 cents in the firstr quarter of 2008. First-quarter revenue droppedf 21 percentto $118. million. The results for the first quartefr of 2009 includea $4.7 million charge related to the company' s investment management programs, $5.2 millionb in real estate-related impairment charges, a $3.6 million loss from discontinuefd operations, and $4.9 million charge for stock-baserd compensation and amortization of signing bonuses.
"Ou results reflect the challenging operating environment as well as the seasonalp nature of the commercial real estate saidGary H. Hunt, interi m CEO, in an earnings statement. "Wre believe that by providing our clients with innovative solutions to the real estate issuews they are facingin today's environmentr we will be able to deliver long-term value to our stockholders so we remain squarelyt focused on recruiting top talent and providingh unmatched client service.
"
million in charges. The Santaz Ana, Calif.-based real estate company (NYSE: GBE) postedr a loss of $41.5 millionh and a loss per sharw of65 cents, compared with a net loss of $6.3 million and a loss per share of 10 cents in the firstr quarter of 2008. First-quarter revenue droppedf 21 percentto $118. million. The results for the first quartefr of 2009 includea $4.7 million charge related to the company' s investment management programs, $5.2 millionb in real estate-related impairment charges, a $3.6 million loss from discontinuefd operations, and $4.9 million charge for stock-baserd compensation and amortization of signing bonuses.
"Ou results reflect the challenging operating environment as well as the seasonalp nature of the commercial real estate saidGary H. Hunt, interi m CEO, in an earnings statement. "Wre believe that by providing our clients with innovative solutions to the real estate issuews they are facingin today's environmentr we will be able to deliver long-term value to our stockholders so we remain squarelyt focused on recruiting top talent and providingh unmatched client service.
"
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