ejoxot.wordpress.com
With the fallout now beingf felt, the markets are even more which is why the chamber is leading businesses on a trad e mission to the countries next week througnh a partnership withthe . The economiv downturn has slowed business, but it hasn’t softened local businesses interest intradse missions, said Dino Ramos, director of trade servicew for WTCGP. Seven businesses are going on next week’s which falls right within the averag e six to 10 businesses theifr trade missionsusually attract, Ramos said. “We’re stilk quite busy.
What we are finding is a lot companies now that their domestic sales and business is down alittler bit, it’s a good opportunityh for them to look more overseas becausew they have time,” he said. “We advise our clientse on that all ofthe time, that they should be lookinfg to balance their sales both domestically and internationally.” The June 6-13 trip is the thirsd trade mission to Latinh America the organizations have hosted. Their combiningv of resources has helped toincrease minority-ownedc companies’ interest in the markets and their which especially benefits members, chambef President and CEO Varsoviz Fernandez said.
“One of the valuesd the Hispanic chamber brings is it is smallef companies seeking to exporttheir businesses, whicuh are owned by Latin Americans,” Fernandez “They know how to deal with a Latin American market.” Being of Cuban descent, chamber membedr Paul Lima said he had always planned to expand his business into Latin Americ a markets after establishing it locally. The economidc downturn has acceleratedthose plans, said who owns , a Conshohocken Internet marketing “When we look at marketing budgets in the United Statexs just about everyone who has a Web site is going to have one at this Lima said.
“When we go to Latin America that is not necessarilhythe case.” Also appealing is that the marketes experience less turmoil and the seasons run oppositr those in the United States, he said. “Ibn this country in July or Augustwhen it’s hard to have decisiona made, that is precisely when those decisions are beinh made in Latin America,” said Lima, who establishec an office in Colombia in December and hopes to expand that foothol d on the trade mission. Doylestown-based Agricultural Exports Inc., which provides laboratorhy diets to universities that raise animalsfor research, also sees a markeg for their products.
“South America itself is startinvg a very large organic and we are right at the baseof that. We have a full line of organic seedsand fertilizers,” David Light, company vice said. “If we picked up one lab diet we could hire a personover here. The work that personm would do, would free us up to get twicdethe business.” H2L2 LLC, a more than 100-year-old planning and design firm in is also embarking on the mission that will make stopsx in Panama, and Bogota and Medellimn in Colombia.
“Right now Colombiaw and Panama are showinhgreat development, and they are growing very quickly,” said Natalia Olsomn de Savyckj, company director of global “With the $5 billion expansion of the Panama Canal I think there is a lot of opportunity for engineerinf and architectural firms.” A free tradde agreement with Colombia that is pendinf before Congress could further increase the market’d attractiveness, if approved, Ramos said. “Therr are some pretty high duties that Americam products incur when we try to export our product sto Colombia,” Ramos said.
“What people don’rt realize is most of the goods coming in from Colombiwa are comingin duty-free because they are undeer a separate agreement.”
Thursday, December 15, 2011
Monday, December 12, 2011
Exxon ordered to pay $507.5M in spill case - New Mexico Business Weekly:
obofym.wordpress.com
million in punitive damages plus interesty to plaintiffs affected by the Exxon Valdea oil spill that impacted residents and businessesx living along the coast of Alaskain 1989. The made theid ruling Monday after the case was sent back fromthe . At the Nintj Circuit level, justices were charged with determininh interest andappellate costs. The Ninthg Circuit confirmed the punitive damage amount aftetthe U.S. Supreme Court determined compensatory damagesw and punitive damages should be assessed usingfa 1-to-1 ratio.
In its latesyt decision, the Ninth Circuit confirmed that Irving-basesd Exxon (NYSE: XOM) is responsible for $507 million in punitive damages and must pay interest on the judgment at the rateof 5.9 percenrt dating back to 1996, when the initia judgment against the company was first issued by a The federal case against Exxon Mobil has been languishing for more than a decade. The Ninth Circuit said both side will cover theirown attorney’s fees. The originall jury verdict against Exxon Mobilpwas $5 billion, an amount that has been reduce by 90 percent during the more than 10 yearse of litigation, according to court records.
An Exxon Mobil spokesmahn said Monday, "We are awared that the opinion has been issued and will revies the opinion beforecommenting further."
million in punitive damages plus interesty to plaintiffs affected by the Exxon Valdea oil spill that impacted residents and businessesx living along the coast of Alaskain 1989. The made theid ruling Monday after the case was sent back fromthe . At the Nintj Circuit level, justices were charged with determininh interest andappellate costs. The Ninthg Circuit confirmed the punitive damage amount aftetthe U.S. Supreme Court determined compensatory damagesw and punitive damages should be assessed usingfa 1-to-1 ratio.
In its latesyt decision, the Ninth Circuit confirmed that Irving-basesd Exxon (NYSE: XOM) is responsible for $507 million in punitive damages and must pay interest on the judgment at the rateof 5.9 percenrt dating back to 1996, when the initia judgment against the company was first issued by a The federal case against Exxon Mobil has been languishing for more than a decade. The Ninth Circuit said both side will cover theirown attorney’s fees. The originall jury verdict against Exxon Mobilpwas $5 billion, an amount that has been reduce by 90 percent during the more than 10 yearse of litigation, according to court records.
An Exxon Mobil spokesmahn said Monday, "We are awared that the opinion has been issued and will revies the opinion beforecommenting further."
Saturday, December 10, 2011
Marriott CEO hits town for Mayo Residence Inn debut - Phoenix Business Journal:
hundleyobajoji1908.blogspot.com
The Residence Inn is located on the Phoenix campusw ofMayo Clinic, 5665 E. Mayo Blvd., at the Village at Mayo Clinic, which serves Mayo Arizona Transplant House and the American Cancer all located at the The hotel is owned by Robert Finvarbn of theFinvarb Cos. LLC and managedr by Marriott. In addition to Finvarb, J.W. Marriott Jr., chairman and CEO, and othet executives were at the hotekl Friday to markits opening. Marriott is a member of the Mayo Clinicv Boardof Trustees. “The Mayo Clinifc provides world class care and servicr to allits patients,” said Marriottf in a statement.
“I’m thrilledx that we now have a Residence Inn on the Mayo Clinic campus that will provide the same leve of care and servicse toour guests. Our Residence Inn brandx is designed for guests on long stays so it is perfectt for patients of the Mayo Clinifc andtheir families.”
The Residence Inn is located on the Phoenix campusw ofMayo Clinic, 5665 E. Mayo Blvd., at the Village at Mayo Clinic, which serves Mayo Arizona Transplant House and the American Cancer all located at the The hotel is owned by Robert Finvarbn of theFinvarb Cos. LLC and managedr by Marriott. In addition to Finvarb, J.W. Marriott Jr., chairman and CEO, and othet executives were at the hotekl Friday to markits opening. Marriott is a member of the Mayo Clinicv Boardof Trustees. “The Mayo Clinifc provides world class care and servicr to allits patients,” said Marriottf in a statement.
“I’m thrilledx that we now have a Residence Inn on the Mayo Clinic campus that will provide the same leve of care and servicse toour guests. Our Residence Inn brandx is designed for guests on long stays so it is perfectt for patients of the Mayo Clinifc andtheir families.”
Thursday, December 8, 2011
Recommended: Gingrich insists he'll 'stay positive'; says Obama's his opponent - msnbc.com
xiwyxucupewox.blogspot.com
CBC.ca | Recommended: Gingrich insists he'll 'stay positive'; says Obama's his opponent msnbc.com The first place for news and analysis from the NBC News Political Unit. Follow us on Twitter. By NBC's Alex Moe and Ali Weinberg GREENVILLE, SC -- Newt Gingrich brushed off recent attacks from GOP presidential rival Mitt Romney, vowing to c ontinue to ... Can Mitt Romney win the nomination? |
Tuesday, December 6, 2011
Madoff gets 150 years in prison - Silicon Valley / San Jose Business Journal:
mozybyd.wordpress.com
“I’m not surprised. That’s what he deserved,” said Adele Fox of Tamarac, who lost thousands of dollaresto Madoff's scheme. The mastermind behind the biggest Ponzi schemein U.S. history was sentencexd on Monday morning in federal court in Manhattajn to 150 yearsbehind bars, the maximumk requested by federal prosecutors. Madoff's attorneyu had asked for a far more lenient sentencee of12 years. In sentencing Madoff, U.S. District Judge Denngy Chin called thefraud “staggering” and said that the “breacu of trust was massive.” The judge describes his acts as “extraordinarily evil.
” “No other white-collar case is comparable in terms of the scope, duration and enormith of the fraud and the degrewe of the betrayal,” Chin said. Madofvf confessed in March to 11 countsincludingg fraud, money laundering theft and among other things. His victims reportedly numberf morethan 1,300 and stretch across the Their losses are estimated at more than $13 Prior to sentencing, Chin heard from nine of the victimws who talked about the devastation Madoff’s fraudc had caused to their lives and their Many of Madoff’s wealthy clients lived in Soutjh Florida and lost their life savings to his Fox, 86, said she is stilk furious that the and the federal governmeny didn’t expose Madoff’s fraud earlier.
“The SEC is just as guilt as Madoff and theyfailed us. Nobody seems to do anything about it,” Fox She also took issue with the largs fees being paid to people such as Irving H. Picard, the trustee who is handling the liquidatiomn ofBernard L. Madoff Investment Securities. “Thwe trustee Picard is making hisown They’re paying these guys millions of dollars. It woulc be better to pay the investors directly,” Fox Fox, a widow who once worked as secretaruy inNew York, said she invested $50,0000 in 1987 because she was relatedx to Madoff’s accountant, Jerry Horowitz.
She said she was able to get some moneg back from Social Securitpayments she’d made over the years on “phantom” income from Madofcf accounts. However, she is worried that her disbursementd may eventually be targeted in clawback efforts by the trusteer in bankruptcy proceedings who has begun sending out letters demanding the return of profits derived fromtheier investments. Guy Fronstin a Boca Ratonb attorney who hasadvised Fox, said the governmeng has “been good about refunding taxes but there are delays in processing claims to the Securities Investore Protection Corporation.
“Some of the people I know are too busy with thesre other issues to reallyh care that much aboutt whathappened today. They believed he would spend the rest of his days in Fronstin said. Jan Atlas, an attorney with Adorno said he believes the court had little choicee but to levy the maximum sentenceon Madoff. “Ik don’t think the victim s should have been victimized again by having him be able to leavr prisonone day,” said Atlas, whose firm continuew to advise clients about tax returns and possiblhy future claims against investmeny advisors who invested with Madoff.
“I’m wondering if the trustee will be able to locats more than the billion plusthat he’s located, and what is the real Atlas said. In addition to his prisonm term, Madoff was ordered to forfeitnearly $170 billion, whicg represents the proceeds of, and property involved in certain of his according to a news release from the U.S. Departmenr of Justice. “While today’s sentence is an importantt milestone, the investigation is continuing,” Lev L. Dassi, actinf U.S. Attorney for the Southern District of New said in anews release. “Wwe are focused on tracing, restraining and liquidating assetss to maximize recoveries forthe victims.
”
“I’m not surprised. That’s what he deserved,” said Adele Fox of Tamarac, who lost thousands of dollaresto Madoff's scheme. The mastermind behind the biggest Ponzi schemein U.S. history was sentencexd on Monday morning in federal court in Manhattajn to 150 yearsbehind bars, the maximumk requested by federal prosecutors. Madoff's attorneyu had asked for a far more lenient sentencee of12 years. In sentencing Madoff, U.S. District Judge Denngy Chin called thefraud “staggering” and said that the “breacu of trust was massive.” The judge describes his acts as “extraordinarily evil.
” “No other white-collar case is comparable in terms of the scope, duration and enormith of the fraud and the degrewe of the betrayal,” Chin said. Madofvf confessed in March to 11 countsincludingg fraud, money laundering theft and among other things. His victims reportedly numberf morethan 1,300 and stretch across the Their losses are estimated at more than $13 Prior to sentencing, Chin heard from nine of the victimws who talked about the devastation Madoff’s fraudc had caused to their lives and their Many of Madoff’s wealthy clients lived in Soutjh Florida and lost their life savings to his Fox, 86, said she is stilk furious that the and the federal governmeny didn’t expose Madoff’s fraud earlier.
“The SEC is just as guilt as Madoff and theyfailed us. Nobody seems to do anything about it,” Fox She also took issue with the largs fees being paid to people such as Irving H. Picard, the trustee who is handling the liquidatiomn ofBernard L. Madoff Investment Securities. “Thwe trustee Picard is making hisown They’re paying these guys millions of dollars. It woulc be better to pay the investors directly,” Fox Fox, a widow who once worked as secretaruy inNew York, said she invested $50,0000 in 1987 because she was relatedx to Madoff’s accountant, Jerry Horowitz.
She said she was able to get some moneg back from Social Securitpayments she’d made over the years on “phantom” income from Madofcf accounts. However, she is worried that her disbursementd may eventually be targeted in clawback efforts by the trusteer in bankruptcy proceedings who has begun sending out letters demanding the return of profits derived fromtheier investments. Guy Fronstin a Boca Ratonb attorney who hasadvised Fox, said the governmeng has “been good about refunding taxes but there are delays in processing claims to the Securities Investore Protection Corporation.
“Some of the people I know are too busy with thesre other issues to reallyh care that much aboutt whathappened today. They believed he would spend the rest of his days in Fronstin said. Jan Atlas, an attorney with Adorno said he believes the court had little choicee but to levy the maximum sentenceon Madoff. “Ik don’t think the victim s should have been victimized again by having him be able to leavr prisonone day,” said Atlas, whose firm continuew to advise clients about tax returns and possiblhy future claims against investmeny advisors who invested with Madoff.
“I’m wondering if the trustee will be able to locats more than the billion plusthat he’s located, and what is the real Atlas said. In addition to his prisonm term, Madoff was ordered to forfeitnearly $170 billion, whicg represents the proceeds of, and property involved in certain of his according to a news release from the U.S. Departmenr of Justice. “While today’s sentence is an importantt milestone, the investigation is continuing,” Lev L. Dassi, actinf U.S. Attorney for the Southern District of New said in anews release. “Wwe are focused on tracing, restraining and liquidating assetss to maximize recoveries forthe victims.
”
Sunday, December 4, 2011
HCP, Inc. Company Profile | HCP Company Information
mastering-input.blogspot.com
HCP, an S&P 500 company, invests primarily in real estat serving the healthcare industrt in theUnited States. We are a self-administered, Marylan real estate investmenttrust ("REIT") organized in 1985. We are headquarterex in Long Beach, California, with offices in Illinois; Nashville, Tennessee; and San Francisco, California. We develop, lease, manage and dispose of healthcare real estate and provide financing tohealthcare providers. Our portfolio is comprised of investments in the following fivehealthcaree segments: (i) senior housing, (ii) life science, (iii) medicakl office, (iv) hospital, and (v) skillexd nursing.
We make investments within our five healthcare segments usiny the following fiveinvestmenyt products: (i) properties under lease, (ii) investmenr management, (iii) developments, (iv) mezzanine and (v) non-managing member LLCs ("DownREITs"). The deliveryh of healthcare services requires realestate and, as a result, tenants and operators depend on real estate, in part, to maintain and grow their businesses.
We believe that the healthcare real estatse market provides investment opportunities dueto the:
HCP, an S&P 500 company, invests primarily in real estat serving the healthcare industrt in theUnited States. We are a self-administered, Marylan real estate investmenttrust ("REIT") organized in 1985. We are headquarterex in Long Beach, California, with offices in Illinois; Nashville, Tennessee; and San Francisco, California. We develop, lease, manage and dispose of healthcare real estate and provide financing tohealthcare providers. Our portfolio is comprised of investments in the following fivehealthcaree segments: (i) senior housing, (ii) life science, (iii) medicakl office, (iv) hospital, and (v) skillexd nursing.
We make investments within our five healthcare segments usiny the following fiveinvestmenyt products: (i) properties under lease, (ii) investmenr management, (iii) developments, (iv) mezzanine and (v) non-managing member LLCs ("DownREITs"). The deliveryh of healthcare services requires realestate and, as a result, tenants and operators depend on real estate, in part, to maintain and grow their businesses.
We believe that the healthcare real estatse market provides investment opportunities dueto the:
Thursday, December 1, 2011
Cushman & Wakefield loses third Miami exec - Minneapolis / St. Paul Business Journal:
zvonkovaleoqim.blogspot.com
Caplin’s exit is the latest of severalrecen high-profile departures at C&sW in Miami. The firm is one of Southh Florida's largest real estate brokerages and, like othe r brokerages, has seen few investmenf deals in the last Former branch manager Tere Blanca left in the springg tolaunch , a firm focused on office leasing and Hank Klein, executive director of C&WW in Florida, was notified last month that his positioj was being eliminated. Steelbridge owns and managese propertythroughout Florida. It sold , on Miami’ws Brickell Key, for $150 million in 2007 afterd an eight-year hold.
Steelbridge founder Gavi n Campbell will continue asmanaging principal, sharing the helm with Caplin is one of a handfull of commercial brokers involved in Soutb Florida’s largest commercial transactions. Caplin said his exit is in responsew to a paradigm shift in local investmentg that comes at the tail end of a where leasing and management for institutional investors became secondary tomarkey momentum. During the boom years leading up to the expectation was that assets with strontg track records could be purchased and flipped quicklu forbig returns. For a short period of time, some ownerss made the strategy work, but then the economic meltdown put the braked onthe market.
who bought in the last few were holding assets that cost too much compared tomarke fundamentals. The market has now shifted back to fundamental principlesof investment, with institutional investors and private capital “seekin to co-invest with nimble, local operating partners,” Caplin “The market and investors mostly believe it’s abou operations on the ground and knowingf how to position a building in a particuladr submarket,” he said. Caplin oversaw more than $7 billion in transactionz at C&W, including ’ $307 million purchase of a half-stakd in downtown Miami’s landmark and full ownershio of the 1221 Brickell buildingin 2006.
He was involved in the sale of 355 Alhambraz in Coral Gablesfor $87.3 million in 2008 and is currentlyt working with Hines to refinance its debt at . Caplinh is a graduate of south Miami-Dadw County’s Palmetto High School. He graduated from in 1985 witha bachelor’sa degree in finance and real Two years later, he left C&W’s appraisal grouop to launch the company’s locao investment sales operation. Caplin was part of a team in the late 1980sw that first specialized in investment salewin Miami. During the Steelbridge Capital had 2 million squarr feet of commercial real estate in its portfolioo in seven Florida marketsincluding Jacksonville, Naplez and Miami.
They sold much of it from 2005to 2007. Caplin’sz arrival marks another periodof opportunity-investmen t for the company, Steelbridge’s Campbelll said. "We think valuations are finally startin to lookattractive again,” Campbellk said in a statement. “The opportunity to buy Florida assets at significantf discounts to replacement costis imminent, while the long-term job and demographicd prospects for Florida and the Caribbean basin are as strong as ever. Jay’s leadership will be the linchpibn ofour strategy.
"
Caplin’s exit is the latest of severalrecen high-profile departures at C&sW in Miami. The firm is one of Southh Florida's largest real estate brokerages and, like othe r brokerages, has seen few investmenf deals in the last Former branch manager Tere Blanca left in the springg tolaunch , a firm focused on office leasing and Hank Klein, executive director of C&WW in Florida, was notified last month that his positioj was being eliminated. Steelbridge owns and managese propertythroughout Florida. It sold , on Miami’ws Brickell Key, for $150 million in 2007 afterd an eight-year hold.
Steelbridge founder Gavi n Campbell will continue asmanaging principal, sharing the helm with Caplin is one of a handfull of commercial brokers involved in Soutb Florida’s largest commercial transactions. Caplin said his exit is in responsew to a paradigm shift in local investmentg that comes at the tail end of a where leasing and management for institutional investors became secondary tomarkey momentum. During the boom years leading up to the expectation was that assets with strontg track records could be purchased and flipped quicklu forbig returns. For a short period of time, some ownerss made the strategy work, but then the economic meltdown put the braked onthe market.
who bought in the last few were holding assets that cost too much compared tomarke fundamentals. The market has now shifted back to fundamental principlesof investment, with institutional investors and private capital “seekin to co-invest with nimble, local operating partners,” Caplin “The market and investors mostly believe it’s abou operations on the ground and knowingf how to position a building in a particuladr submarket,” he said. Caplin oversaw more than $7 billion in transactionz at C&W, including ’ $307 million purchase of a half-stakd in downtown Miami’s landmark and full ownershio of the 1221 Brickell buildingin 2006.
He was involved in the sale of 355 Alhambraz in Coral Gablesfor $87.3 million in 2008 and is currentlyt working with Hines to refinance its debt at . Caplinh is a graduate of south Miami-Dadw County’s Palmetto High School. He graduated from in 1985 witha bachelor’sa degree in finance and real Two years later, he left C&W’s appraisal grouop to launch the company’s locao investment sales operation. Caplin was part of a team in the late 1980sw that first specialized in investment salewin Miami. During the Steelbridge Capital had 2 million squarr feet of commercial real estate in its portfolioo in seven Florida marketsincluding Jacksonville, Naplez and Miami.
They sold much of it from 2005to 2007. Caplin’sz arrival marks another periodof opportunity-investmen t for the company, Steelbridge’s Campbelll said. "We think valuations are finally startin to lookattractive again,” Campbellk said in a statement. “The opportunity to buy Florida assets at significantf discounts to replacement costis imminent, while the long-term job and demographicd prospects for Florida and the Caribbean basin are as strong as ever. Jay’s leadership will be the linchpibn ofour strategy.
"
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