Thursday, August 9, 2012
First Niagara completes TARP buyback - Business First of Buffalo:
million to buy back 953,000 sharesw of common stock that were sold to the governmenf as part ofthe U.S. Treasuryt Department’s Capital Purchase The payment marks the last step in returnintg funds issued to the bank as part ofTARP (troubledf assets relief program). The Pendleton-based bank announced May 27, 2009 that it had paid back $184 millio it received for the sale of preferresd stock issued to theTreasury Department. First Niagara is one of the first financia l institutions nationwide to repayTARP funds, which have been distributeds since last fall to more than 600 banks as a way to increaser lending and pump up the slumping economy.
Earlied this month, the Treasury Department said that 10 of thelargestf U.S. financial institutions that received TARP funds met the requirements to repagythose funds. In April, Firsg Niagara raised $380.4 million in its second stock offeringg in thepast year. Sinc e October 2008, it has raisedf more than $495 million, the bank said. “We raiser more than twice the amount originallyg received from the government and provided a solisd return to taxpayers on their investment whiler continuing to executeour long-term strategy for the benefitg of our shareholders,” First Niagara President and CEO John Koelmeol said in a
Wednesday, August 8, 2012
Sitterle Homes planning new office, earns top industry ranking - San Antonio Business Journal:
Not only is Sitterle the No. 1 ranked builder in San Antoniko when it comes to keepingcustomers happy, but the companyu is now ranked within the top 5 percengt of builders nationwide in customer satisfaction. AVID Rating s is a full-service customer loyalty managemenf firm that specializes inthe home-building Sitterle has also announced plans to enter Austin housing market. Sitterle’ws new Austin division is set to open this The builder already has a division office inthe McAllen/Edinburg area of the Rio Grande Established in 1964, Sitterle has built more than 4,00o0 homes in the greater San Antonio One of its lates communities is Salado Canyon in Rogers Ranch — whic is located off of Loop 1604 and Rogerz Ranch on the city’s far Northn Side.
Salado Canyon homes are priced fromthe
Tuesday, August 7, 2012
The dream house that Angel will build - Philippine Star
The dream house that Angel will build Philippine Star If and when Angel Aquino makes her dream house real, she said she would build it herself. âThe dominant color will have to be relaxing, maybe off-white, because I want the whole house to reflect my personality,â Angel said dreamily, âwith touches of ... |
Sunday, August 5, 2012
Morris Manning opens in Beijing - Atlanta Business Chronicle:
Other law firms with Atlanta offices have officesxin Beijing, including Jones Day, LLC (whicbh is a separate entity from the domestic ), LLP, and LLP. But none are basedf here. Atlanta-based LLP is in Shanghaik and Hong Kong. Some, like Arnall Goldenb Gregory LLP, work in China but have yet to open offices Morris Manning Managing Partner Bob Saudek said that what distinguishee his firm from large firms is that Morriw Manning is representing Chinese companies that want to do businessw in theUnited States, as opposed to large U.S. companiesw working in China. Saudek said Chinesee contacts alreadyare “bearing in that “it’s generating new businessz for us.
” Georgia Department of Economic Development Commissioner Ken Stewart sees the openinb of such an offic — with the firm establishing ties on behalf of Chinesw companies to Georgia — as a positive. “ I think it would be a significant benefit for he said. “The more connections we have with and Ithink they’re going to be in Beijin — companies and individuals in the government therw directly connecting us here in the state of Georgia, the more beneficiak it is for us.” Morris Manning’s Saudekj described the work his firm performs as threefold.
The first is intellectuapl property prosecutions on behalf of Chinesew companies when their products are imported in the United Then there is corporate andsecurities work. Amongy the Chinese companies that Morris Manning servicesis SORL), which is located in Ruian China. The move is a natural outgrowt of a line of business that began expandinfg for the firm about fiveyears ago. That was when the firm hirerd Tim Xia, a one-time Georgia Tech professof who was a physicist specializing in supercomputint and a variety ofothet specialties. Xia was born in Chinas and attended . Durintg the week of April 6, Xia was on a trade missionh to China sponsored by the MetroAtlant Chamber.
The opening of the officew is timed withthe mission. With the success of the busineszs that Xia began bringing tothe firm, Morris Manning chose to add more Mandarin The firm added Ping who attended medical school in China and who had workedr for DLA Piper, for its Washington In all, the firm has 12 Mandarin speakerz from the top partner level down to patent agents and paralegals, many of whom participate in conferencs calls with clients in the middle of the nighg because of the time Among them is Ming Jiang, a “technicalp adviser” — a title above that of patent agent — who holds a doctorate from the .
Jiang, who has workeed for the firm for the last four yearszin Atlanta, will move to Beijing to stafvf the office. The plan is for Morrisz Manning’s U.S.-based attorneys to use the office as a stopping pointffor travels. Saudek said he envisions increasing the staffing over but that the Chinese government has restrictionse on the abilityof non-Chinesw companies and individuals to practice law The firm also recently has opened an office in Taiwan. That office is led by Raymond Ho, who serves in an capacity out ofthe firm’s Washington office. Saudeki said the firm is not finishedd with itsinternational expansions.
Two of its John Yates and Jason D’Cruz, traveled to India exploringh business possibilities withtechnology companies. Saudemk said his understanding is that Indias does not allow foreign law firmsx to establish offices there but the country is actively consideringt a timetable to loosen that restrictionb and the firm is positioning itself forthat change. The firm also is looking at Europe, Saudekl said.
Saturday, August 4, 2012
Browns Sold To Jimmy Haslam - ESPN
ESPN | Browns Sold To Jimmy Haslam ESPN Sources: Browns sold for over $1B. Updated: August 2, 2012, 11:40 PM ET. By Adam Schefter | ESPN. Recommend0 · Tweet0 · Comments0 · Email · Print. Browns Sold To Jimmy Haslam. Adam Schefter on the Cleveland Browns being sold to Jimmy Haslam ... Browns sold to Tennessee truck-sto p magnate Browns sold to Haslam |
Thursday, August 2, 2012
Human Capital: People on the Move, July 14 - Boston Business Journal:
named Erica Papagno as managee of its Hyannisbranch office, whicu is expected to open later this Papagno, who has 18 years of bankinyg experience, previously worked for , where she held several banking management positions on Cape Cod. Inc. , a Taunton-basedc wholesale food distributor, promoted Greg Burgess to chief operatingg officer and named Chris Kelberman vice presidenrtof finance. Burgess previously servee as executive vice presidentof sales, finance and administration at Kelberman most recently served as VP of financed and administration for a division of .
Kristijn Darby joined CRICO/RMF , a Cambridge-based patient safety and medical malpractice company owned by and serving themedicalo community, as chief information officer. who has more than 15 years of informatio technology and healthcare experience, previously served as directofr of information technology for . To notify the BBJ abouty a potential HumanCapital alert, contact Sean McFadden at
Wednesday, August 1, 2012
O'Neill invited to form PNG govt - Sydney Morning Herald
Jakarta Globe | O'Neill invited to form PNG govt Sydney Morning Herald Mr O'Neill, 46, arrived at Government House in Port Moresby about 3.30pm on Wednesday where, addressing him as Prime Minister, Governor-General Sir Michael Ogio invited him to form the government after his People's National Congress party won 27 ... O'Neill invi ted to form PNG's new govt O'Neill Asked to Form Next Papua New Guinea Government O'Neill invited to form PNG government |

