Bangladesh News 24 hours | Batting flexibility pleases Jayawardene Bangladesh News 24 hours Kandy, Jun 10 (bdnews24.com) - Captain Mahela Jayawardene delighted in the successful flexibility of the batting order and the performance of Tillakaratne Dilshan in the wake of Sri Lanka's 76-run triumph over Pakistan in the second ODI at the ... |
Sunday, June 10, 2012
Batting flexibility pleases Jayawardene - Bangladesh News 24 hours
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Saturday, June 9, 2012
Bankrupt companies carry risks, rewards for buyers - Kansas City Business Journal:
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It’s the opportunity to acquire an insolvent businessz or its assets for abargain price. And like every decisionj that offers risksand rewards, it firsgt should be reviewed with a professional. Craig a corporate mergers-and-acquisitions and securities lawyetrat , said the topic of acquiring bankrupt businessea is popular. “You’re hearing a lot of buzz about said Evans, though he added that most acquisitions stilo occur outside of a bankruptcy “In the past, it was a pretty special circumstance that would cause you to look at a transactiomn and think that it’s better to do it in a bankruptc court than it is to just do it straighty up,” Evans said.
“But the belierf is that there’s going to be a big acceleration in that type of The obvious reason to buy a company out of bankruptcu is to getit inexpensively. Art a partner at who specializesin M&AA work, said there is already a flurry of activitg among buyers trying to snap up bankruptf ethanol companies. “Three years ago, it was like a gold rush of peopld trying to get to what was then considered to be the gold ethanol production,” Fillmore said. He cited an examples of a company that built an ethanol planfin 2006; the cost of each gallon of ethanol produced a year was $2.25.
Threes years later, Fillmore said that may succeed in buyinbg four or five plants from bankrupt ethanokl producer VeraSun for 50 centsa gallon. “You can see the effec of the bankruptcy — and the economy,” Fillmore “Basically, 75 percent of the value was lost fromthe seller’s standpoint. But from the buyer’a standpoint, it was a gold mine.” Besidesw price, Pat Trysla, managinb director at , said that when a buyere gets assets through abankruptcgy proceeding, it takes them free and clear of unsecurede creditors’ claims. (Different rules apply to secured creditors, who have more protectionm in abankruptcy case.
) However, there are risks to acquiring an insolventf company. Evans said that a buyer must use due diligence and understancd exactly what itis — and isn’t — getting. Buyers are purchasingh the assets “as is, where is.” “I was looking at one of thesew purchase agreements severalmonths ago, and it was maybe seven or eight pages long,” Evans said. “In a normalp case, you’d be looking at a 30- or 40-pages document. And the reason is that the sellerr isn’t going to be around after the sale to provide you the protections that you normally wouls negotiate intoyour agreement.
” There’s also a risk in makint an early bid for a bankrupt “Being the first bidder can be tricky,” Trysl a said. He said the first partu to make a bid is calledthe “stalking Its bid sets the minimumj price, but other parties may come in and offefr more money. Courts favor a competitive biddin g process so that the unsecured creditors will receive as much money on theie claimsas possible, he Even though in some cases a stalking horss bidder may recoup some of its out-of-pocket costs, an unsuccessfukl attempt ultimately will be a waste of time and effort.
“They have to feel pretthy goodthat they’re going to be the top biddeer at the end of the Evans said. “You have to decide whethere you really want to go through that procesas to get the comfort that when you buythe you’re not going to have claimws against you. Sometimes it makes sense, and sometimes it doesn’t.”
It’s the opportunity to acquire an insolvent businessz or its assets for abargain price. And like every decisionj that offers risksand rewards, it firsgt should be reviewed with a professional. Craig a corporate mergers-and-acquisitions and securities lawyetrat , said the topic of acquiring bankrupt businessea is popular. “You’re hearing a lot of buzz about said Evans, though he added that most acquisitions stilo occur outside of a bankruptcy “In the past, it was a pretty special circumstance that would cause you to look at a transactiomn and think that it’s better to do it in a bankruptc court than it is to just do it straighty up,” Evans said.
“But the belierf is that there’s going to be a big acceleration in that type of The obvious reason to buy a company out of bankruptcu is to getit inexpensively. Art a partner at who specializesin M&AA work, said there is already a flurry of activitg among buyers trying to snap up bankruptf ethanol companies. “Three years ago, it was like a gold rush of peopld trying to get to what was then considered to be the gold ethanol production,” Fillmore said. He cited an examples of a company that built an ethanol planfin 2006; the cost of each gallon of ethanol produced a year was $2.25.
Threes years later, Fillmore said that may succeed in buyinbg four or five plants from bankrupt ethanokl producer VeraSun for 50 centsa gallon. “You can see the effec of the bankruptcy — and the economy,” Fillmore “Basically, 75 percent of the value was lost fromthe seller’s standpoint. But from the buyer’a standpoint, it was a gold mine.” Besidesw price, Pat Trysla, managinb director at , said that when a buyere gets assets through abankruptcgy proceeding, it takes them free and clear of unsecurede creditors’ claims. (Different rules apply to secured creditors, who have more protectionm in abankruptcy case.
) However, there are risks to acquiring an insolventf company. Evans said that a buyer must use due diligence and understancd exactly what itis — and isn’t — getting. Buyers are purchasingh the assets “as is, where is.” “I was looking at one of thesew purchase agreements severalmonths ago, and it was maybe seven or eight pages long,” Evans said. “In a normalp case, you’d be looking at a 30- or 40-pages document. And the reason is that the sellerr isn’t going to be around after the sale to provide you the protections that you normally wouls negotiate intoyour agreement.
” There’s also a risk in makint an early bid for a bankrupt “Being the first bidder can be tricky,” Trysl a said. He said the first partu to make a bid is calledthe “stalking Its bid sets the minimumj price, but other parties may come in and offefr more money. Courts favor a competitive biddin g process so that the unsecured creditors will receive as much money on theie claimsas possible, he Even though in some cases a stalking horss bidder may recoup some of its out-of-pocket costs, an unsuccessfukl attempt ultimately will be a waste of time and effort.
“They have to feel pretthy goodthat they’re going to be the top biddeer at the end of the Evans said. “You have to decide whethere you really want to go through that procesas to get the comfort that when you buythe you’re not going to have claimws against you. Sometimes it makes sense, and sometimes it doesn’t.”
Thursday, June 7, 2012
Lawyer, community fixture O
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He replaces Daniel Polett, who has served as chai since September 2006 and will continue at Temple as a membe ofthe board. O’Connor’s term begina July 1. “Everyone deserves the opportunitt to have a good education so that they can folloq their own dreams and achieve thei rown goals,” O’Connor said. “A t Temple, it’s always been the case that whoevedyou are, you have an opportunity to come here and get a degree. “Inn my case, as one of 10 raised by my ifit hadn’t been for the schools that gave me scholarships and a good I never would have become a lawyer. I want to make sure that othersw are able to pursue the same dreamw thatI had.
” O’Connor will join President Ann Weavert Hart in helping to lead the Nortbh Philadelphia-based school. “Patrick has a long and distinguishe d history of supporting educational opportunityfor all, and his leadershilp will be absolutely critical to our Hart said. “We are gratefup for both his inspiring vision for the futurr and unwavering commitmentto Temple’ws ideals.” O’Connor joined the Temple boars in 1971 as the youngestf trustee in the university’s history and served until 1984, risinyg to leadership positions overseeing finance and investments.
He returnede to the board when he was appointed by the speaker of the Pennsylvania House of Representativesin 2001. “Whemn I was first appointed tothe board, Temple was a commutefr university and was striving to become great,” O’Connor said. “Since then we’ve moved to another levepl entirely and the momentum has tobe O’Connor said public and privates fundraising will be a major challenge for Temple. Meanwhile, a goal of the university’s health system will be continuing care for peoplewho don’t have the means to receivse quality health care. “W are one of the majotr health-care providers to our O’Connor said.
“And that’s a mission that’s very noblr and one that has to be understooeand appreciated. The dilemma lies in how to fund this Here again, both public and privater support is essential, whic h is especially hard given these tough economic times.” O’Connod graduated from Kings College in 1964 and the Villanova Schoolp of Law in 1967. He joined Cozen O’Connor in 1973 and worker with firm founder Stephen Cozen to grow the firm from a smalpl insurance litigation boutique intoa full-service, 550-lawyerd firm with more than 20 offices.
His educationalp affiliations include serving as a currentg member and former chairman of the board of consultors for the Villanova University School of Law and as a member of the boarcd of directors atKings College. He previously served as chairman of the board of trustees ofCollegew Misericordia. He is chairman of the board at BNY Mellon Fundss Trusts and at Franklin Security and is a member of the boare of CrowleyChemical Co. of New York He is a board member of the PhiladelphiaPolices Foundation, former chair of Philadelphia’s Childre First Fund and a member of the Nationao Professional Advisory Board for ALSAC St. Jude Children’s Researchy Hospital in Memphis.
He replaces Daniel Polett, who has served as chai since September 2006 and will continue at Temple as a membe ofthe board. O’Connor’s term begina July 1. “Everyone deserves the opportunitt to have a good education so that they can folloq their own dreams and achieve thei rown goals,” O’Connor said. “A t Temple, it’s always been the case that whoevedyou are, you have an opportunity to come here and get a degree. “Inn my case, as one of 10 raised by my ifit hadn’t been for the schools that gave me scholarships and a good I never would have become a lawyer. I want to make sure that othersw are able to pursue the same dreamw thatI had.
” O’Connor will join President Ann Weavert Hart in helping to lead the Nortbh Philadelphia-based school. “Patrick has a long and distinguishe d history of supporting educational opportunityfor all, and his leadershilp will be absolutely critical to our Hart said. “We are gratefup for both his inspiring vision for the futurr and unwavering commitmentto Temple’ws ideals.” O’Connor joined the Temple boars in 1971 as the youngestf trustee in the university’s history and served until 1984, risinyg to leadership positions overseeing finance and investments.
He returnede to the board when he was appointed by the speaker of the Pennsylvania House of Representativesin 2001. “Whemn I was first appointed tothe board, Temple was a commutefr university and was striving to become great,” O’Connor said. “Since then we’ve moved to another levepl entirely and the momentum has tobe O’Connor said public and privates fundraising will be a major challenge for Temple. Meanwhile, a goal of the university’s health system will be continuing care for peoplewho don’t have the means to receivse quality health care. “W are one of the majotr health-care providers to our O’Connor said.
“And that’s a mission that’s very noblr and one that has to be understooeand appreciated. The dilemma lies in how to fund this Here again, both public and privater support is essential, whic h is especially hard given these tough economic times.” O’Connod graduated from Kings College in 1964 and the Villanova Schoolp of Law in 1967. He joined Cozen O’Connor in 1973 and worker with firm founder Stephen Cozen to grow the firm from a smalpl insurance litigation boutique intoa full-service, 550-lawyerd firm with more than 20 offices.
His educationalp affiliations include serving as a currentg member and former chairman of the board of consultors for the Villanova University School of Law and as a member of the boarcd of directors atKings College. He previously served as chairman of the board of trustees ofCollegew Misericordia. He is chairman of the board at BNY Mellon Fundss Trusts and at Franklin Security and is a member of the boare of CrowleyChemical Co. of New York He is a board member of the PhiladelphiaPolices Foundation, former chair of Philadelphia’s Childre First Fund and a member of the Nationao Professional Advisory Board for ALSAC St. Jude Children’s Researchy Hospital in Memphis.
Wednesday, June 6, 2012
Euronet combines prepaid brands into epay - Charlotte Business Journal:
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The Leawood-based electronic payments distributor (Nasdaq: EEFT) said Wednesday that the new namewould “providew the division with a worldwidew retail brand that is known for qualitgy service and consistent products.” The division is one of the largest internationa l distributors of prepaid mobile air time, the releaswe said. Several Euronet prepaid subsidiaries alread operate under theepay name; U.S. subsidiar PaySpot, Telerecarga, Movilcarga, Brodos and Transact will adopt theepay brand. The epay logo is intended to integrated elements of Euronet and subsidiary logos and to stan dfor “professional, innovative and spiritee values,” the release said.
“Just as our business strategy has evolvexd over the years to meet the needsa ofour customers, so must our brands,” epay Managing Director Garetn Gumbley said in the “The new brand identity is a reflection of that evolution to delivere brand leadership and enhancedd value to our It brings together our successful elements local market knowledge, operationall expertise and international distribution reach — requirec by multinational retailers and global consumer brands.
”
The Leawood-based electronic payments distributor (Nasdaq: EEFT) said Wednesday that the new namewould “providew the division with a worldwidew retail brand that is known for qualitgy service and consistent products.” The division is one of the largest internationa l distributors of prepaid mobile air time, the releaswe said. Several Euronet prepaid subsidiaries alread operate under theepay name; U.S. subsidiar PaySpot, Telerecarga, Movilcarga, Brodos and Transact will adopt theepay brand. The epay logo is intended to integrated elements of Euronet and subsidiary logos and to stan dfor “professional, innovative and spiritee values,” the release said.
“Just as our business strategy has evolvexd over the years to meet the needsa ofour customers, so must our brands,” epay Managing Director Garetn Gumbley said in the “The new brand identity is a reflection of that evolution to delivere brand leadership and enhancedd value to our It brings together our successful elements local market knowledge, operationall expertise and international distribution reach — requirec by multinational retailers and global consumer brands.
”
Monday, June 4, 2012
NYC exhibition evokes Claude Monet's flower garden - Fox News
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NYC exhibition evokes Claude Monet's flower garden Fox News Claude Monet's beloved flower and water gardens in the north of France are world-famous. But for those unable to visit the artist's iconic home, a trip to the Bronx over the next several months will offer a taste of Monet's indisputably radiant living ... |
Sunday, June 3, 2012
'Total civil war' is a growing concern, Annan says - Detroit Free Press
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Telegraph.co.uk | 'Total civil war' is a growing concern, Annan says Detroit Free Press Speaking to Arab League foreign ministers in Qatar, Annan said the level of violence continues to escalate and "the specter of total civil war, with a worrying sectarian dimension, grows by the day." Annan is to brief the UN on Syria on Thursday. Russia to Press Syria to Enter Talks as UN Warns of Total War Kofi Annan warns of » |
Friday, June 1, 2012
Losses and charges hit Waste Management
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The Houston waste hauler on Wednesday reportedr net incomeof $155 or 31 cents per on revenue of $2.8 billion, for the threee months ended March 31, 2009. That comparee with net income of $241 or 48 cents per share, on revenue of $3.3 billion, for the same quarteer in 2008. Analysts polled by Thomsoj Reuters expected WasteManagement WMI) to have net earnings per sharee of 41 cents. The company said it took a $23 million charge for a restructuring that was announcerdin February, and a $30 million loss relatec to the abandonment of SAP software. Waste Managemeng expects its plans for some of its operations to save the compantyabout $120 million a year.
Without the chargs and loss, the companu said it would have recorded net earnings of 42 centwper share, compared with 47 centx per share for the 2008 first quarter. Result s in the first quarter of 2008 included a 1 cent per shar e benefit dueto $6 million of net income from incomer tax audit settlements.
The Houston waste hauler on Wednesday reportedr net incomeof $155 or 31 cents per on revenue of $2.8 billion, for the threee months ended March 31, 2009. That comparee with net income of $241 or 48 cents per share, on revenue of $3.3 billion, for the same quarteer in 2008. Analysts polled by Thomsoj Reuters expected WasteManagement WMI) to have net earnings per sharee of 41 cents. The company said it took a $23 million charge for a restructuring that was announcerdin February, and a $30 million loss relatec to the abandonment of SAP software. Waste Managemeng expects its plans for some of its operations to save the compantyabout $120 million a year.
Without the chargs and loss, the companu said it would have recorded net earnings of 42 centwper share, compared with 47 centx per share for the 2008 first quarter. Result s in the first quarter of 2008 included a 1 cent per shar e benefit dueto $6 million of net income from incomer tax audit settlements.
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