The Watertower will be owned and operated by The Watertower LLC, a Georgia limited liability corporation managed by David N. Patton IV, a resident of the Empowerment Zone. The members of the LLC are David N. Patton IV (80%) and the Historic District Development Corporation (20%).
This business plan offers financial institutions an opportunity to review our vision and strategic focus.
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The following financial highlights are in thousands of dollars, except per-share data and average shares outstanding:
Three Months Ended March 31, 2008 2007 Total revenue $139,787 $75,285 Operating (loss) income (1,847) 6,117 Net loss (13,011) (28) Net loss per common share (1) $(0.58) $(0.00) Adjusted Operating Cash Flow (2) $34,551 $22,712 Average shares outstanding (basic) 22,606,699 19,040,156 Average shares outstanding (diluted) 22,606,699 19,040,156 (1) Based on the average shares outstanding for both basic and diluted.
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The newspaper publisher and television station operator had opposed the nominees but said Thursday that a preliminary count shows shareholders have elected them to its board at its annual meeting in suburban Richmond.
But now, where she goes to college will come down to dollars and cents, not merely good vibes or academic fit.
Because of the uncertainty surrounding the burgeoning student loan crisis, she may have to forgo the $50,000-a-year school for Trinity College in Hartford, a slightly more conventional school that offered her nearly twice as much financial assistance.
"Trinity is looking really good just because of the money," said the 18-year-old Framingham High School senior.
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City Manager Lori Moss confirmed that the card charges were the ones that sparked an investigation into misuse of Kessler's credit card.
Kessler has one of nine city-issued cards, all linked to a single $20,000 line of credit, Moss said.
.Richard Anderson, Delta CEO, said rising fuel prices and growing international competition necessitated the airlines’ joining forces.
The extension was to allow for "the finalisation of discussions with all financiers and the completion of documentation for a longer term extension", the company told investors.
Shares were in a trading halt today pending an announcement from the company after it reached its refinancing deadline today.
The interim extension expires on May 7.
The retail property trust owes $5.4 billion worth of debt in total, including debt owed to both US financiers and private noteholders.
Centro ran into trouble after it borrowed heavily last year to fund its expansion into the US and has since contended with the global credit crunch.
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Web services offered to celebrities and musical artists by Worcester-based Paid (OTC: PAYD) include new media offerings like VIP ticketing, e-commerce storefronts, ticketing and fan experience packages. Celebrity contracts of $20 million to $30 million are currently pending, according to the company.
Paid, which was founded in 1999 as a sports auction site, reported 2007 revenue of $3.38 million. It operates several businesses, including e-commerce technology company AuctionInc, a shipping calculation and auction management software and service company that streamlines online auctions, e-commerce and website development and hosting.
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Two key Democrats plan to introduce a bill Wednesday that would require credit card issuers to give account holders 45 days notice of any increases in interest rates. Interest could not be charged on transaction fees such as late-payment and overlimit penalties.
The measure is sponsored by Sen. Christopher Dodd, D-Conn., chairman of the Senate Banking Committee, and Sen. Carl Levin, D-Mich., who heads a Senate Homeland Security and Governmental Affairs subcommittee that has investigated credit card industry practices. A similar bill proposed by Rep.
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New Jersey lawmakers have introduced a bill in the Assembly that would regulate the practices of debt collectors and give authorities the power to issue significant fines for violations.
Dubbed the New Jersey Fair Debt Collection Practices Act, the proposed legislation mostly mirrors a 30-year-old federal law that regulates things such as when and where debt collectors can call consumers. But it also goes further, imposing rules on creditors -- not just third-party firms that are hired by creditors or buy debt at a discount.
The bill, introduced last month and now in committee, comes during an economic period in which consumers are having a harder time paying their bills. Perhaps not surprisingly, that has meant some collection agencies are now getting more accounts to work.
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The state Attorney General's Office cleared the way for the deal to close.
Attorney General Anne Milgram said she had no objection to the $45 million purchase by Hackensack University Medical Center and Touro University College of Medicine.
She ruled that no public hearing or review was needed under a special state law governing the sale of hospitals, since the hospital was closed when the sale took place.
The 280-bed hospital was $80 million in debt when it closed in November. Since then, ambulances from the Pascack Valley and Northern Valley have rushed patients elsewhere, and doctors have admitted their patients to The Valley Hospital in Ridgewood, Englewood Hospital and Medical Center, Hackensack or Holy Name Hospital in Teaneck.
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The Conference Board said its April reading on consumer confidence fell for the fourth straight month because of heightened concerns about soaring inflation and the weakening job market.
.That's why Porco is urging local residents to go online and read the findings of a study led by University of Pittsburgh Chancellor Mark Nordenberg.
"It's a pretty big event. It's a history-changing event. It impacts anybody who lives in Western Pennsylvania."
The bill, which is expected to clear a House committee today and possibly hit the floor for a vote, was a sudden reversal in policy on the rate cap and appeared to be an effort to trump Gov. Ted Strickland.
On Friday, Strickland issued a letter to the Coalition for Responsible Lending stating it was critical that any payday lending bill would have an all-inclusive 36 percent rate cap.
State Rep. Chris Widener, R-Springfield, introduced legislation Tuesday that includes the 28 percent annual rate cap, bans any other fees and stops someone from having more than two loans at one time.
The bill also limits the total loan amount to $500, gives borrowers a minimum of 31 days to repay, mandates financial counseling for anyone seeking a third loan and prohibits anyone from having more than four loans in one year.
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MUMBAI (Thomson Financial) - India-based Strides Arcolab Ltd. said the purchase price of its Australian and Asian operations has been cut to A$61.0 million from A$65 million, with Genepharm Australasia Ltd. proposing to assume about A$4.1 million of debt.
2008-04-30 09:01:27 BSkyB CEO says to look at Tiscali
LONDON (Thomson Financial) - British Sky Broadcasting Group PLC. will look at Tiscali SpA., the Milan-listed company with broadband operations in the UK, but have not yet started talks with the company.
2008-04-30 09:00:35 Skanska sells Malmoe retail park to German investment fund
STOCKHOLM (Thomson Financial) - Skanska AB said it has sold a retail park in Burloev, near Malmoe to an unnamed German investment fund.
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If you're in debt trouble, you've got plenty of company. And you've got lots of people willing to help you too. For example, credit counselors:
"A credit counselor with work with the client and reduce the debt over time, and you will pay...in many cases...a lower interest rate or no interest rate at all," said Jessican Cecere from Consumer Credit Counseling.
So a credit counselor gets between you and a creditor, tries to negotiate better terms and sets up a plan to repay all your debts over time: generally 3 or 4 years.
Financial Performance Highlights for Fiscal Year 2007:
-- Net Sales Increased to Record $46.1 Million, Up 40% from 2006
-- Gross Profit Margin Increased to Record 27.6%, Up from 15.2% in 2006
-- Gross Profit Increased to Record $12.7 Million, Up 152% from Prior Year
-- EBITDA to Record $4.4 Million, an Increase of 110% from $2.1 Million in 2006
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