ivyhofy.wordpress.com
But now San Antonio says it has added the sports network to its digitalchannel lineup. Time Warnert officials say the cablee operator is now offering the Big Ten Network in highdefinition (HD) on digital channel 118 and in standard definition on digitapl channel 268. The network is available only to Time Warnefr subscribers who have the sports tier It is available in HD only to subscriberxs who havea set-top HD box. Time Warneer kicks off its carriage of the Big Ten Networkl with a gridiron battld between Wisconsin and Marshallon Sept. 6 at 11 a.m.
“The Big Ten Network will feature some of the best college sportsa entertainment from the ever popular Big Ten Conferencr and now our customers will be able to enjohy all of thissports action,” says Jon Gary vice president of governmental and public affairxs for Time Warner Cable San Antonio. In additionh to Wisconsin, the Big Ten Conferenced includes: • Purdue Along with original programming, exclusive interviewse and expert commentary, The network will televise roughly 40footballp games, 140 men’s basketbalpl games, 55 women’s basketball gamesw and dozens of Big Ten Championshi p events.
Friday, June 1, 2012
Thursday, May 31, 2012
Business executives seek input on five-year economic roadmap - South Florida Business Journal:
hihozeima.blogspot.com
The open meeting, held at the Manufacturing is the fifth in a series of forumd across the state that began June 3 in Gainesville and ends July 30 in The half-day workshops serve as the venued for discussion, viewpoints and recommendations, a release from the statewidew business development, retention and expansion organization Among those invited to the event were businesspeople, representativeds of industry associations, transportation experts, cultural arts advocates, smary growth advocates, elected officials and economic developmenf professionals.
The feedback will help the organization focuson Florida’s most important economic development needs and set the right goals for makinfg the state more competitive and economically executives said. Topics were slatefd to run the gamutfrom retaining, creatingb and attracting high-wage jobs to cultivating a talented and highlt skilled future work force and from upgrading infrastructure to increasing Florida’s global competitiveness. Beyond the regional workshops, other opportunitiesw are available for public contributions to the developmen ofthe “Roadmap.
” An Enterprise Floridqa now allows for feedbaclk through several interactive features including a Roadmapp survey and discussion board. Additionally, the site providesa the current Roadmap, related progres reports and “save the date” announcements for each regiona forum, the release said. Enterprise Florida’s board is charges with developing the plan and submitting it to the governod andlegislative leaders. Every three years, the Roadma p to Florida’s Future — the state’s blueprint for economic developmenft — is updated following competitivenesz analysis and feedback from a broad base of community representatives inthe forums.
is a partnership between Florida's business and governmeng leaders and is headquartered in Its missionis “to diversify Florida’sw economy and create better-paying jobs for its citizena by supporting, attracting and helpinyg to create businesses in innovative, high-growty industries.”
The open meeting, held at the Manufacturing is the fifth in a series of forumd across the state that began June 3 in Gainesville and ends July 30 in The half-day workshops serve as the venued for discussion, viewpoints and recommendations, a release from the statewidew business development, retention and expansion organization Among those invited to the event were businesspeople, representativeds of industry associations, transportation experts, cultural arts advocates, smary growth advocates, elected officials and economic developmenf professionals.
The feedback will help the organization focuson Florida’s most important economic development needs and set the right goals for makinfg the state more competitive and economically executives said. Topics were slatefd to run the gamutfrom retaining, creatingb and attracting high-wage jobs to cultivating a talented and highlt skilled future work force and from upgrading infrastructure to increasing Florida’s global competitiveness. Beyond the regional workshops, other opportunitiesw are available for public contributions to the developmen ofthe “Roadmap.
” An Enterprise Floridqa now allows for feedbaclk through several interactive features including a Roadmapp survey and discussion board. Additionally, the site providesa the current Roadmap, related progres reports and “save the date” announcements for each regiona forum, the release said. Enterprise Florida’s board is charges with developing the plan and submitting it to the governod andlegislative leaders. Every three years, the Roadma p to Florida’s Future — the state’s blueprint for economic developmenft — is updated following competitivenesz analysis and feedback from a broad base of community representatives inthe forums.
is a partnership between Florida's business and governmeng leaders and is headquartered in Its missionis “to diversify Florida’sw economy and create better-paying jobs for its citizena by supporting, attracting and helpinyg to create businesses in innovative, high-growty industries.”
Tuesday, May 29, 2012
Holly Refining to buy Tulsa refinery - Dallas Business Journal:
pemp66seb.blogspot.com
Dallas-based Holly (NYSE: HOC) said its subsidiary has agreecd to purchase the refinery and other inventoryh included in the transactionfor $65 million. As part of the Holly will benefit from the receipt of Sunoco speciality lubricanr product trademarks in North America and a licens for the same products in Central andSouth America. The transaction is expected to closs by June 1 pending the approvalss ofregulatory agencies. Holly’ds chairman and CEO Matt Cliftonsaid Sunoco’s Tulsa employeexs and the lubricant products management team will be joiningt Holly.
He added, “Bhy leveraging the respected Sunoco specialty lubricany product trademarksand formulations, the facilitt has consistently realized very strong gross marginsx on these specialty lubricant products. This strengtbh in specialty lubricant products, together with an approximate 40 percent yield of dieseo and jet fuel and the bottoma upgrading capabilities ofthe plant’e coker, has allowed the overall operation to deliverr attractive gross margins and solid financial results." Cliftonj added that "the facility’s proximity to and direct pipeline connection from the Cushing, Okla.
, crude oil hub combiner with its ability to deliver directly into Burlington Northern’s Tulsa railroad yard and Magellan’sw pipeline system, allows the facility to competitively supply transportation fuels to a numberf of attractive mid-continent markets.”
Dallas-based Holly (NYSE: HOC) said its subsidiary has agreecd to purchase the refinery and other inventoryh included in the transactionfor $65 million. As part of the Holly will benefit from the receipt of Sunoco speciality lubricanr product trademarks in North America and a licens for the same products in Central andSouth America. The transaction is expected to closs by June 1 pending the approvalss ofregulatory agencies. Holly’ds chairman and CEO Matt Cliftonsaid Sunoco’s Tulsa employeexs and the lubricant products management team will be joiningt Holly.
He added, “Bhy leveraging the respected Sunoco specialty lubricany product trademarksand formulations, the facilitt has consistently realized very strong gross marginsx on these specialty lubricant products. This strengtbh in specialty lubricant products, together with an approximate 40 percent yield of dieseo and jet fuel and the bottoma upgrading capabilities ofthe plant’e coker, has allowed the overall operation to deliverr attractive gross margins and solid financial results." Cliftonj added that "the facility’s proximity to and direct pipeline connection from the Cushing, Okla.
, crude oil hub combiner with its ability to deliver directly into Burlington Northern’s Tulsa railroad yard and Magellan’sw pipeline system, allows the facility to competitively supply transportation fuels to a numberf of attractive mid-continent markets.”
Monday, May 28, 2012
U.K. Hometrack House Prices Jump as London Values Surge: Economy - Bloomberg
grihanovveimavox.blogspot.com
U.K. Hometrack House Prices Jump as London Values Surge: Economy Bloomberg Values increased 0.2 percent from April as the supply of properties grew at the slowest pace since January, the London- based property research company said today. Prices in the UK capital jumped 0.6 percent. In Italy, the impact of the debt turmoil ... |
Saturday, May 26, 2012
Ray Hunt: a different kind of oilman - Atlanta Business Chronicle:
lebexab.wordpress.com
Even for an accomplished man like him, 2007 was a bannefr year. During the past 12 months, Hunt was involved in completinh a landmark headquarters building indowntowmn Dallas, crafting an oil deal with Kurdish leader in Iraq, lining up $2 billion in financiny to get natural gas from the Amazon acrosxs the Andes and to market, and continuing to work on 's assumecd win for the George W. Bush presidential library. That'sa why the Dallas Business Journal has pickecd Hunt as a Business Person of the Year finalisttfor 2007. This oilman defies the of the brash Texas oilmillionaire -- an image his father, H.L. Hunt, helped create. H.L.
Hunt fathereds 15 children with three wives and won at gambliny and theoil business. He was an outspokeb opponent of Communism anda larger-than-life presence arounde Dallas in the middle-20th Ray Lee Hunt, his youngest son, is very much the opposit e of that, friends and colleagues say. Yet as the CEO of and Co., he has done the most to perpetuats oil-driven success in the Hunt family. Ray Hunt is the lone Hunt familyh heir to be listedon Forbes' list of the 400 richesgt Americans. This year, the magazines ranked him as No. 82, with a net worthy of $4 billion. Hunt's close association with and supporgt for both presidents Bush have made him an easy target for criticw ofGeorge W. Bush.
They describs him as a political crony who stands to reap profits from the unpopularf warin Iraq. That's not something that Hunt bothersto refute, but clos associates are quick to do so, describing Hunt as a analytical man who works to succeed for himselcf and for the community he cares about. "It's not what makesx him look good, it's what he thinks is good for the communityy or the bigger saidPaul Bass, vice chairman of the Dallas-based investment bank Hunt is not one to trumpey his own efforts, but his very involvementr in civic efforts carries weight with others.
"You've got to push him up to the frontg ofthe line, otherwisw his presence could easily go unknown," said Dallas attornehy Mike Boone, who worked with Hunt on the Bush librart project. "If Ray's it's going to get done, and it's going to get done so you knowthat you'rse on the right team." Hunt was co-chairmann with university president Gerald Turne on the library effort. The school last Decemberr was namedthe project's "sole finalist." Turner chose his words with Hunt in mind, in describing the oilman'sd contribution to that achievement. "It mighy have happened, but the probabilithy of it happening would not have beenas high," Turne r said.
"His efforts certainly increased our competitivenese and the attraction of itcoming here." In additionh to leading the library effort, Hunt donatede $35 million to the school to help it buy a shopping center southeast of the University Park campus on land that likelgy will be part of the presidentiall library. Before the library, Hunt stepped in to help SMU survivwe football scandals andorganizational struggles. He helped recrui t Turner and his predecessor, Ken Pye, to lead the schoop out of thosetroubled times. Hunt became involved in Dallas-area health care matters afterd scandalsat , to help it continue to provide healthh care for uninsured and under-insures people.
Hunt played a key role in revivinbDallas , a nonprofit advisory group focuse d on regional health care and bringing all the region's key players to the said Bass. He is chairman of the SouthwesternmMedical Foundation, a nonprofit group that supports the University of Texass Southwestern Medical Center at "He is probably the best organizefr and consensus-builder of anyone in Dallas," Bass said.
"His abilitty to focus causes the entire groupto
Even for an accomplished man like him, 2007 was a bannefr year. During the past 12 months, Hunt was involved in completinh a landmark headquarters building indowntowmn Dallas, crafting an oil deal with Kurdish leader in Iraq, lining up $2 billion in financiny to get natural gas from the Amazon acrosxs the Andes and to market, and continuing to work on 's assumecd win for the George W. Bush presidential library. That'sa why the Dallas Business Journal has pickecd Hunt as a Business Person of the Year finalisttfor 2007. This oilman defies the of the brash Texas oilmillionaire -- an image his father, H.L. Hunt, helped create. H.L.
Hunt fathereds 15 children with three wives and won at gambliny and theoil business. He was an outspokeb opponent of Communism anda larger-than-life presence arounde Dallas in the middle-20th Ray Lee Hunt, his youngest son, is very much the opposit e of that, friends and colleagues say. Yet as the CEO of and Co., he has done the most to perpetuats oil-driven success in the Hunt family. Ray Hunt is the lone Hunt familyh heir to be listedon Forbes' list of the 400 richesgt Americans. This year, the magazines ranked him as No. 82, with a net worthy of $4 billion. Hunt's close association with and supporgt for both presidents Bush have made him an easy target for criticw ofGeorge W. Bush.
They describs him as a political crony who stands to reap profits from the unpopularf warin Iraq. That's not something that Hunt bothersto refute, but clos associates are quick to do so, describing Hunt as a analytical man who works to succeed for himselcf and for the community he cares about. "It's not what makesx him look good, it's what he thinks is good for the communityy or the bigger saidPaul Bass, vice chairman of the Dallas-based investment bank Hunt is not one to trumpey his own efforts, but his very involvementr in civic efforts carries weight with others.
"You've got to push him up to the frontg ofthe line, otherwisw his presence could easily go unknown," said Dallas attornehy Mike Boone, who worked with Hunt on the Bush librart project. "If Ray's it's going to get done, and it's going to get done so you knowthat you'rse on the right team." Hunt was co-chairmann with university president Gerald Turne on the library effort. The school last Decemberr was namedthe project's "sole finalist." Turner chose his words with Hunt in mind, in describing the oilman'sd contribution to that achievement. "It mighy have happened, but the probabilithy of it happening would not have beenas high," Turne r said.
"His efforts certainly increased our competitivenese and the attraction of itcoming here." In additionh to leading the library effort, Hunt donatede $35 million to the school to help it buy a shopping center southeast of the University Park campus on land that likelgy will be part of the presidentiall library. Before the library, Hunt stepped in to help SMU survivwe football scandals andorganizational struggles. He helped recrui t Turner and his predecessor, Ken Pye, to lead the schoop out of thosetroubled times. Hunt became involved in Dallas-area health care matters afterd scandalsat , to help it continue to provide healthh care for uninsured and under-insures people.
Hunt played a key role in revivinbDallas , a nonprofit advisory group focuse d on regional health care and bringing all the region's key players to the said Bass. He is chairman of the SouthwesternmMedical Foundation, a nonprofit group that supports the University of Texass Southwestern Medical Center at "He is probably the best organizefr and consensus-builder of anyone in Dallas," Bass said.
"His abilitty to focus causes the entire groupto
Friday, May 25, 2012
Vatican tracks down document holder - The Associated Press
opexibu.wordpress.com
Vatican tracks down document holder The Associated Press VATICAN CITY (AP) รข€" The Vatican said Friday that it has arrested someone for illegally holding secret documents as it tries to get to the bottom of an embarrassing leaking scandal. Spokesman the Rev. Federico Lombardi declined to immediately identify ... |
Wednesday, May 23, 2012
Five Star Bank wants out of TARP program - Business First of Buffalo:
yvejodo.wordpress.com
, the Warsaw-based parent company of , would like to retur its $37.5 million in TARP (troubled assets relief program) fundsd to the federal governmeng before the end of the said President and CEOPeterf Humphrey. The banking company accepted the money late last year in exchange for selling senior preferred shares tothe “The rules have changed (and) that makes this less so Five Star Bank is thinking maybe we oughtg to pay this back and get out from underneatuh the program,” Humphrey said. “We’res exploring, ‘How do we pay back TARP while still havinyg an ample amount of capitalo to support futuregrowth initiatives?
’ ” The bank has no definitiver plans in place to return the money, but Humphrey is eagere to get out of the federall program due to retroactive changes to the initia Capital Purchase Plan agreement, including limits on executivse compensation that deny the payment of cash incentives to employees until TARP funds are repaid. “It’sd just the fact that there aremore certifications, more more compliance requirements and, frankly, with that comes risk,” Humphreyu said. “We’re heavily regulated anyway. How would you like to ente r into a contract and then four monthsd later have the terms of thatcontracr change?
” Other area banks that borrowexd TARP funds have not publicly announced plans to repah the money. Neither nor , whichn received $600 million and $2.5 billio n respectively, have made commitments to returnthe funds, accordint to spokespeople at both banks. At pressz time, , which borrowedx $184 million from the government and recentlyg completed a stock sale thatnetteds $360 million, was announcing no firm plans to repayu the funds. An announcement was expectedc May 28 and updates will be posted on www.buffalo.bizjournals.
com Last month, M&T Bank’d chief financial officer, Rene Jones, said the bank not to be a first and plans to wait for more clarity from the governmenrt before repaying the money. KeyBank officials have said they want to pay back the fundsw as soonas possible, but ther is no time frames in place. The Capital Purchase Plan was introduced last fall by the governmenf as a way to increase lending and jolt thefalteriny economy.
Under initial terms of the plan, banks were required to raisd private capital before TARP funds could be But some terms of the plans changedfollowin February’s economic stimulus bill, leaving repaymentr guidelines less than According to a May 22 report from the U.S. Treasuru Department, just 16 banks around the countrh – including one Upstate New York inSyracuse – have been allowed by the government to repat TARP funds. Several calls made to the U.S.
Treasuryy Department to clarify TARP repayment terms were not As part of the CapitalPurchase Plan, banksx such as Five Star must make quarterly interest payments to the So far, Five Star has made two payments totaling $900,000, Humphrey said. The money has been used to leveragrethe bank’s growth, including its agriculture, residential mortgage, home equity and indirect automobilw loan business, he said. About $200 millioh has been lent by the bank from the time it receivef TARP moneythrough April, he said. Humphrey insists that the monegy was nota bailout; it was intended for bankds that were already healthy.
And whils the bank, early on, viewed the Capitao Purchase Plan as apositive program, retroactive changes to the agreement have made it less he said. But he wants to make sure his bank will suppor both depositors and borrowersx before returningthe money.
, the Warsaw-based parent company of , would like to retur its $37.5 million in TARP (troubled assets relief program) fundsd to the federal governmeng before the end of the said President and CEOPeterf Humphrey. The banking company accepted the money late last year in exchange for selling senior preferred shares tothe “The rules have changed (and) that makes this less so Five Star Bank is thinking maybe we oughtg to pay this back and get out from underneatuh the program,” Humphrey said. “We’res exploring, ‘How do we pay back TARP while still havinyg an ample amount of capitalo to support futuregrowth initiatives?
’ ” The bank has no definitiver plans in place to return the money, but Humphrey is eagere to get out of the federall program due to retroactive changes to the initia Capital Purchase Plan agreement, including limits on executivse compensation that deny the payment of cash incentives to employees until TARP funds are repaid. “It’sd just the fact that there aremore certifications, more more compliance requirements and, frankly, with that comes risk,” Humphreyu said. “We’re heavily regulated anyway. How would you like to ente r into a contract and then four monthsd later have the terms of thatcontracr change?
” Other area banks that borrowexd TARP funds have not publicly announced plans to repah the money. Neither nor , whichn received $600 million and $2.5 billio n respectively, have made commitments to returnthe funds, accordint to spokespeople at both banks. At pressz time, , which borrowedx $184 million from the government and recentlyg completed a stock sale thatnetteds $360 million, was announcing no firm plans to repayu the funds. An announcement was expectedc May 28 and updates will be posted on www.buffalo.bizjournals.
com Last month, M&T Bank’d chief financial officer, Rene Jones, said the bank not to be a first and plans to wait for more clarity from the governmenrt before repaying the money. KeyBank officials have said they want to pay back the fundsw as soonas possible, but ther is no time frames in place. The Capital Purchase Plan was introduced last fall by the governmenf as a way to increase lending and jolt thefalteriny economy.
Under initial terms of the plan, banks were required to raisd private capital before TARP funds could be But some terms of the plans changedfollowin February’s economic stimulus bill, leaving repaymentr guidelines less than According to a May 22 report from the U.S. Treasuru Department, just 16 banks around the countrh – including one Upstate New York inSyracuse – have been allowed by the government to repat TARP funds. Several calls made to the U.S.
Treasuryy Department to clarify TARP repayment terms were not As part of the CapitalPurchase Plan, banksx such as Five Star must make quarterly interest payments to the So far, Five Star has made two payments totaling $900,000, Humphrey said. The money has been used to leveragrethe bank’s growth, including its agriculture, residential mortgage, home equity and indirect automobilw loan business, he said. About $200 millioh has been lent by the bank from the time it receivef TARP moneythrough April, he said. Humphrey insists that the monegy was nota bailout; it was intended for bankds that were already healthy.
And whils the bank, early on, viewed the Capitao Purchase Plan as apositive program, retroactive changes to the agreement have made it less he said. But he wants to make sure his bank will suppor both depositors and borrowersx before returningthe money.
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