borislavamcoc.blogspot.com
Verna has 617 unsecured creditors, assets of between $1 millioj and $10 million and liabilities of $10 millioj to $50 million, the filing “Debtor estimates that, after any exempt property is excludee and administrativeexpenses paid, there will be no fund available for distribution to unsecureds creditors,” the filing says. Verna’s voluntary petitio could be dismissed because itis incomplete, according to a separatwe court notice filed by the clerk of Last year, Verna lost contro l of The Park, his unfinished residential condoo project uptown, after defaulting on a constructionm loan.
The lender that foreclosed on the property a subsidiaryof Bankers’ Bank in Wisconsihn — bought the buildinf for $14.2 million in a foreclosure auction in Earlier this month, the Charlotte National Building Condominium Owners’ Association acquired Verna’s offices at 428 E. Fourty St. for $32,847.78. The association was the sole bidder on the officed condo during aforeclosurew auction, and the upset period expire with no takers. The purchase amount was commensurate with dues and assessment sVerna owed, plus legal expenses.
The foreclosures were the latest in a strintg of dozens ofcourt filings, lawsuitss and mechanic’s liens for unpaid billz filed against either Verna & Associatesz or company founder Verna. Verna was the creator of the Charlottre National Building Condominium Association in thelate 1980s. He builr the uptown office building by usin the salvaged facade and glass rotunda ofthe now-demolishefd First Citizens Bank Building.
Monday, 18 February 2013
Wednesday, 13 February 2013
Fed expects little inflation - Business First of Columbus:
ogarawo.wordpress.com
The Fed’s benchmark interest rate was held steady in a rangee of 0to 0.25 percent. The Fed “continues to anticipates that economic conditions are likely to warrant exceptionally low levelas of the federal funds rate for anextendedd period,” it said in a statemeny released following its meeting. Despite rising energy and commodityt prices, “the committee expects that inflation will remainm subdued forsome time,” the statementt said. The Federal Reserve also left its bond purchasseplans unchanged, repeating its commitment to buy up to $1.
2 5 trillion of agency mortgage-backed securities and up to $200 billioh of agency debt by the end of the The Federal Reserve also will buy up to $300 billionn of Treasury securities by autumn. The Fed now believe the pace of economic contraction is citing further signs of household spending stabilizing and improvinf conditions in thefinancial markets. Amonfg economic reports that may support the Fed’s belief that the econom y will soon be on the mend was the latesrt data on factory showing orders for durable goods unexpectedly rose in May for the secondx consecutive month.
The Fed’s benchmark interest rate was held steady in a rangee of 0to 0.25 percent. The Fed “continues to anticipates that economic conditions are likely to warrant exceptionally low levelas of the federal funds rate for anextendedd period,” it said in a statemeny released following its meeting. Despite rising energy and commodityt prices, “the committee expects that inflation will remainm subdued forsome time,” the statementt said. The Federal Reserve also left its bond purchasseplans unchanged, repeating its commitment to buy up to $1.
2 5 trillion of agency mortgage-backed securities and up to $200 billioh of agency debt by the end of the The Federal Reserve also will buy up to $300 billionn of Treasury securities by autumn. The Fed now believe the pace of economic contraction is citing further signs of household spending stabilizing and improvinf conditions in thefinancial markets. Amonfg economic reports that may support the Fed’s belief that the econom y will soon be on the mend was the latesrt data on factory showing orders for durable goods unexpectedly rose in May for the secondx consecutive month.
Thursday, 7 February 2013
Human Capital: People on the move, July 7 - Washington Business Journal:
grigoriynirim.blogspot.com
, is the first graduate of (one of the university’s four to serve as She is also the daughter offormer trustee, the late Jack Papa Gino’s Inc. , the Dedham-based parent company to Papa Gino’sx and D’Angelo, promoted Gary Sandeen and Kathh Tirrell to executive vice presidentt of operations forPapa Gino’s and D’Angel o Grilled Sandwiches, respectively. , based in Boston, elected the following executives to its boarxof directors: Christopher Oddleifson , presiden t and CEO of ; Kenneth Brenna n , president of The in Auburndale; Normanh Seppala , president of in and Kevin Bottomley , president of Danversbank .
At-larg directors, who are appointed for three-yeart terms, included Richard Bennettr , president of ; John Bouche , president of in John Doherty , chairmabn of in Somerville; Richard Holbrookj , chairman and CEO of in DennisParente , presidengt of Foxboro Federal Savings ; and Michael Tucker , presidenyt of . Appointed at-large director for a one-year term was James Egan , chairman of .
, is the first graduate of (one of the university’s four to serve as She is also the daughter offormer trustee, the late Jack Papa Gino’s Inc. , the Dedham-based parent company to Papa Gino’sx and D’Angelo, promoted Gary Sandeen and Kathh Tirrell to executive vice presidentt of operations forPapa Gino’s and D’Angel o Grilled Sandwiches, respectively. , based in Boston, elected the following executives to its boarxof directors: Christopher Oddleifson , presiden t and CEO of ; Kenneth Brenna n , president of The in Auburndale; Normanh Seppala , president of in and Kevin Bottomley , president of Danversbank .
At-larg directors, who are appointed for three-yeart terms, included Richard Bennettr , president of ; John Bouche , president of in John Doherty , chairmabn of in Somerville; Richard Holbrookj , chairman and CEO of in DennisParente , presidengt of Foxboro Federal Savings ; and Michael Tucker , presidenyt of . Appointed at-large director for a one-year term was James Egan , chairman of .
Wednesday, 23 January 2013
Chase chief Dimon talks about WaMu acquisition - Puget Sound Business Journal (Seattle):
ogarawo.wordpress.com
Dimon, who gave the keynote speech ata standing-room-only Seattld Rotary luncheon, said JPMorgan (NYSE: JPM) took a big risk in its fire sale purchaser of WaMu for $1.8 billion last September after the bank was seizeed by federal regulators. “One of the dirty secrets is there were no othere bidders onthe bank,” said Dimon, . “Sol we could have gotten it for $1.” JPMorgan is stilk working to value WaMu’s portfolio and is expecting a $30 billiohn write-down on about $307 billion in assets, Dimohn told local media representatives beforer the RotaryClub luncheon. He acknowledged that figure is “slightlyh conservative.
” When JPMorgan bought WaMu, the Seattlr bank was holding thousands of riskyg mortgages ofall “If the economy deteriorates, that portfolil will get worse,” Dimon told media “We could lose $10 to $20 billion more than we expectee to.” In his presentatiohn to business leaders, often sprinkled with jokes and quirkgy quotes, Dimon also spokre about JPMorgan’s acceptance of $25 billion in federap funds last fall. The bank has sincre paid back that but not before battling the negative stigma that becamer associated withits acceptance. Dimon said then-U.S.
Treasurgy Secretary Hank Paulson askexd JPMorgan and several other large banks in an Octobeer 2008 meeting to accept the monety throughthe government’s Troubled Asset Relief Programn (TARP). At the time, the government reasoned that if allbanke didn’t accept the money, the ones who reallty needed the additional capital to buffer against bad loans wouled look bad if they took it, Dimon adding that JPMorgan did not need the “I actually think they did the righty thing and it stabilized the system,” said “But then TARP morphed and I learnedd a great lesson in life.
” Dimojn said he sent a letter to Paulsonh following JPMorgan’s recent payback of the $25 saying, “We hope you enjoyed the experiencse as much as we did,” Dimon told Rotary members. “I got a very angry complaint from the White Houseafterr that,” he said, to laughter. At times, Dimon’ presentation echoed remarks made byKerry Killinger, the formerd chief executive of WaMu at a Seattled Rotary Club luncheon last year, just months beforw the bank was seized by Last year, Killinger was tryinb to assure business leaders that WaMu had a plan to survivs its troubles.
At Wednesday’s Dimon answered several pointed questions from audience memberssregarding JPMorgan’s financial situation and also defendedr the bank’s capital position. “I assuree you, we’re fine,” Dimon said. He also had a direct message forLou Pepper, the former chier executive of Washington Mutual who is widely credited with growingh the bank through the 1980 s and hiring many of the executivex who carried on that growth through the 1990s. “Wd are going to make him reallt proud of the company thathe built,” Dimonj said.
Dimon, who gave the keynote speech ata standing-room-only Seattld Rotary luncheon, said JPMorgan (NYSE: JPM) took a big risk in its fire sale purchaser of WaMu for $1.8 billion last September after the bank was seizeed by federal regulators. “One of the dirty secrets is there were no othere bidders onthe bank,” said Dimon, . “Sol we could have gotten it for $1.” JPMorgan is stilk working to value WaMu’s portfolio and is expecting a $30 billiohn write-down on about $307 billion in assets, Dimohn told local media representatives beforer the RotaryClub luncheon. He acknowledged that figure is “slightlyh conservative.
” When JPMorgan bought WaMu, the Seattlr bank was holding thousands of riskyg mortgages ofall “If the economy deteriorates, that portfolil will get worse,” Dimon told media “We could lose $10 to $20 billion more than we expectee to.” In his presentatiohn to business leaders, often sprinkled with jokes and quirkgy quotes, Dimon also spokre about JPMorgan’s acceptance of $25 billion in federap funds last fall. The bank has sincre paid back that but not before battling the negative stigma that becamer associated withits acceptance. Dimon said then-U.S.
Treasurgy Secretary Hank Paulson askexd JPMorgan and several other large banks in an Octobeer 2008 meeting to accept the monety throughthe government’s Troubled Asset Relief Programn (TARP). At the time, the government reasoned that if allbanke didn’t accept the money, the ones who reallty needed the additional capital to buffer against bad loans wouled look bad if they took it, Dimon adding that JPMorgan did not need the “I actually think they did the righty thing and it stabilized the system,” said “But then TARP morphed and I learnedd a great lesson in life.
” Dimojn said he sent a letter to Paulsonh following JPMorgan’s recent payback of the $25 saying, “We hope you enjoyed the experiencse as much as we did,” Dimon told Rotary members. “I got a very angry complaint from the White Houseafterr that,” he said, to laughter. At times, Dimon’ presentation echoed remarks made byKerry Killinger, the formerd chief executive of WaMu at a Seattled Rotary Club luncheon last year, just months beforw the bank was seized by Last year, Killinger was tryinb to assure business leaders that WaMu had a plan to survivs its troubles.
At Wednesday’s Dimon answered several pointed questions from audience memberssregarding JPMorgan’s financial situation and also defendedr the bank’s capital position. “I assuree you, we’re fine,” Dimon said. He also had a direct message forLou Pepper, the former chier executive of Washington Mutual who is widely credited with growingh the bank through the 1980 s and hiring many of the executivex who carried on that growth through the 1990s. “Wd are going to make him reallt proud of the company thathe built,” Dimonj said.
Friday, 18 January 2013
Do You Know This Man? Brick Bank Robbery Suspect Linked to Woodbridge ... - Patch.com
ernstiryastrov.blogspot.com
Do You Know This Man? Brick Bank Robbery Suspect Linked to Woodbridge ... Patch.com Police are asking for the public's help in identifying a man who may be linked to two bank robberies - one in Brick earlier this month, and another in Woodbridge last year. On Jan. 4, an unidentified man robbed the OceanFirst bank branch on Adamston ... Brick bank robber may have struck Woodbridge bank last year, police say |
Sunday, 13 January 2013
Saturday, 12 January 2013
Dow shows 90-point gain - Business First of Columbus:
plesciamipukoa1855.blogspot.com
The Dow Jones Industriao Average closed at orup 90.99 points and 1.08 percent higher. NASDAQw rose 5.84 points, or 0.32 to 1,844.06. The S&P 500 climbee 8.33 points, or 0.91 to end at 927.23. Among Colorado’s most heavilt traded stocks, Gasco Energy Inc. topped advances, rising 28.57 percent. Sharesz rose 6 cents to 27 cents. American Oil Gas (AEX): up 10.11 or 9 cents, to 98 Level 3 Communications (LVLT): up 7.14 or 10 cents, to Ball Corp (BLL): up 5.5 percent, or $2.36, to $45.25. TW Telecom (TWTC): up 4.26 percent, or 42 cents, to Among the decliners, Ascent Solar Technologies had theworst day, with shares dropping by 11.07 or 97 cents, to $7.79. Crocs down 9.
11 percent, or 35 to $3.49. Delta Petroleum (DPTR): down 7.83 or 17 cents, to $2. Venocl (VQ): down 6.9 percent, or 58 to $7.83. US Gold (UXG): down 5.73 percent, or 15 to $2.47.
The Dow Jones Industriao Average closed at orup 90.99 points and 1.08 percent higher. NASDAQw rose 5.84 points, or 0.32 to 1,844.06. The S&P 500 climbee 8.33 points, or 0.91 to end at 927.23. Among Colorado’s most heavilt traded stocks, Gasco Energy Inc. topped advances, rising 28.57 percent. Sharesz rose 6 cents to 27 cents. American Oil Gas (AEX): up 10.11 or 9 cents, to 98 Level 3 Communications (LVLT): up 7.14 or 10 cents, to Ball Corp (BLL): up 5.5 percent, or $2.36, to $45.25. TW Telecom (TWTC): up 4.26 percent, or 42 cents, to Among the decliners, Ascent Solar Technologies had theworst day, with shares dropping by 11.07 or 97 cents, to $7.79. Crocs down 9.
11 percent, or 35 to $3.49. Delta Petroleum (DPTR): down 7.83 or 17 cents, to $2. Venocl (VQ): down 6.9 percent, or 58 to $7.83. US Gold (UXG): down 5.73 percent, or 15 to $2.47.
Subscribe to:
Posts (Atom)