Calstrs Should Cut Assumed Return to 7.5%, Actuary Recommends - Bloomberg

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Calstrs Should Cut Assumed Return to 7.5%, Actuary Recommends Bloomberg The California State Teachers' Retirement System, the second-largest US public pension, should lower its assumed annual rate of return to 7.5 percent from the current target of 7.75 percent, its actuary said. The board of the $144.8 billion fund is ... and more »

Real Estate: Whether it

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But foreclosures and vacancies creat all kinds of complications for the businesses and residentesurrounding them. That’s become all too cleatr in areas of the country hardest hit inthe post-subprimes era. “If there’s a foreclosure in a usually they don’t get taken care of, the grasw is overgrown, or the windows get boardes up,” said Miguel Berger, president of , a Loudonville-based real estate agency. Each vacant building weakens others inviting vermin and vandalisk and threateningproperty values. This potentially fosters and spreads blight, which destabilizes neighborhoods and commercial too.
While cities in the Capital Region are not sufferinb as much as other areasz ofthe country, abandoned propertiee and tax foreclosures—what happenss when a city or town takes over a propertyu for back taxes—have long plagued Schenectady and Troy. Stanley manager of Market Blocmk Booksin Troy, said out-of-town customers oftebn wonder why there are so many vacant storefrontas downtown. “They find it sad,” he said. “Even the temporaryu use on Troy Night Out is betterthan nothing.
” Troy Nighyt Out is an event developee by businesspeople, some of whom are artists, to draw people to the The last Friday of each month, art exhibitz and musicians fill empty spaces and stores—as well as existing Other cities in the area have similarr arts nights. “That’s been a great idea,” Hadsello said, “even if they have art something to keep those windowe lookinglike something’s happening in there.” Troy is also attackin the problem of empty buildingw on a municipal front. According to the ’e Web site, the city applied for and receivedr federal funding targeted at theforeclosure crisis.
Schenectady and Albanu have also received funding through this NeighborhoodStabilizationh Program. Albany is currentlyh discussingwhich bank-foreclosed properties are best to buy. “Thd plan now is [to our Community Development Agencyand ... come in and developp them into affordablerental housing, and the othere will be for home ownership,” said Michaep Yevoli, Albany’s commissioner of planninvg and development. January’s announcement by the Albany Romahn Catholic Diocese of plans to close 33 churchex and other worship sites could easily add to the problem of vacant almost like a spateof foreclosures.
However, the Dioces e is working on selling the and community groups are working to help ensurew the churches are safe while notin use—by looking afterf the structures, and reporting problems when they

CEO Ellison says Oracle might make netbooks - East Bay Business Times:

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His comments came at a Sun conference for user s of Java software which he also said could be used on Oracle (NASDAQ:ORCL) earlier this year agreed to acquires Sun (NASDAQ:JAVA) for $7 billion. "o don't see why some of thos e devices shouldn't come from Sun," Reuterz quoted Ellison as saying. "There will be computers that are fundamentall basedon Java." Netbooksz are inexpensive laptop computers designed to connect wirelessly and are used primarilyt for checking email and browsing the Web. The market for them is expectecd to grow to between 20 millionn and 30 million unitsethis year, up from the 11.7 million sold last year when theird sales took off.
Most PC makers now have a netbookm model and if Oracle does get into the market it will go up agains tthe . (NASDAQ:HPQ) and , which either make netbooks or develop softwar efor them. Acer said Tuesdag it will make a laptop runningon ’ws (NASDAQ:GOOG) Android operating system instead of Microsofr Windows, which most makers now use.

Perot Systems Corporation Company Profile | PER Company Information

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billion. We value your military At Perot Systems, we value the work ethic, and core values that are reinforced throughymilitary service. You're not likely to find a companyg more dedicated to military and patriotic values thanPerot

Russell to fill State Supreme Court seat - Business First of Buffalo:

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Russell, who has served on the city courtsince 1992, fills the opening createdx when Justice Joseph Makowski resignexd in February. Makowski resigned to avoid prosecutioj for his role in anattempterd cover-up in the drunk-driving arrestg of former Erie County prosecutor Anne Adams. Russello has gained national prominence for his work in specializedetreatment courts, including the Buffalo Drug Treatment Court, whicu he founded in 1995, the first mental-healthh treatment court in Wester n New York, which he foundede in 2003, and the first-in-the-nation Buffal Veterans’ Treatment Court, founded in 2008.
He is a graduate of Morris Brown College and earned his law degreed fromHoward University. The interin appointment is one of five judicial vacancies filleed byPaterson today. A candidate for the seat will be namedf toa 14-year term following the November genera l election. A call placed to Russell’s chambers Wednesdayg afternoon seeking comment on his appointment was not immediately The annual salary for a statew Supreme Court justiceis

More Details Emerge About New Columbia Street Park - The L Magazine (blog)

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The L Magazine (blog)

More Details Emerge About New Columbia Street Park The L Magazine (blog) More details about the new two-acre park coming to the Columbia Street Waterfront District emerged this week, the Post reports. Renderings of the green space, which would span Columbia Street from Degraw to Kane, were released, though it will take ... and more »

IntelCav Presents Brazilian Case of EMV Migration in the 1st Edition of Cartes ... - MarketWatch (press release)

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Monday, January 16, 2012

Embarq, CenturyTel will become CenturyLink after merger - Phoenix Business Journal:

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billion sale to expected this month. The rural phone companies on Tuesday announcec the planned name and logo for thecombined company. CenturyLinmk will retain the CenturyTel (NYSE: CTL) tradinbg symbol. “Our new brand name was selected because our customers and employees told us it reflectedd a company thatis forward-looking and committed to linking the country together,” CenturyTel CEO Glen Post III, who also will be chietf executive of CenturyLink, said in the release. The compang will begin operating under the new brand immediately upon closing the deal.
In the following markets will be convertef to thenew brand, with customers beingt notified in advance and the name beingf added to company signs, vehicles and marketing materials. The logo is intendedc to represent the power of connectinbg people and businesses to one another and to new locallyand nationally, the release Overland Park-based Embarq (NYSE: EQ) and CenturyTel, based in La., are — from the — beforwe the deal can close. The headquarters will be in A Denver brandconsulting agency, , helpes develop the new brand strategy, name and the release said. Together, the two companies will have abour 7.
5 million access lines, more than 2 milliob broadband customers and morethan 400,000 video subscribers. will . Embar ranks No. 3 on the Kansas City Businesw Journal ’s list of area public companies.

Saturday, January 14, 2012

Finance Minister Urpilainen would increase taxes on the wealthy - Helsingin Sanomat

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IntelCav Presents Brazilian Case of EMV Migration in the 1st Edition of Cartes ... MarketWatch (press release) According to Castejon, the Brazilian experience may indicate a path for USA and other markets accelerate their migration process. "The adoption of the EMV technology increases security, widens the possibilities of new business opportunities and offers ... and more »

YLE News

Finance Minister Urpilainen would increase taxes on the wealthy Helsingin Sanomat Minister of Finance and SDP chair Jutta Urpilainen thinks that there is a need to increase the marginal rate of taxation on those with high incomes. ”It is essential that the burden is shared in a fair way, which c »

DA: Shooting justified in fatal police shoot-out in December - Carlisle Sentinel

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DA: Shooting justified in fatal police shoot-out in December Carlisle Sentinel Nearly three weeks after a fatal shoot-out with police left one man dead, Cumberland County District Attorney Dave Freed has issued a statement about the incident, concluding that the shooting was justified. On the morning of Dec. ... and more »

Syracuse No. 1 in poll, Duke out of top 5 - Tucson Citizen

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Globe and Mail

Syracuse No. 1 in poll, Duke out of top 5 Tucson Citizen Duke? Re »

Genesee Beer to make comeback - Business First of Buffalo:

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The renewed effort will include merging the sales and marketing teame from Labatt USAand Genesee, once a recognizec beer in Western New York. The company said it has beguh $6 million in upgradesx and will investanothefr $4 million in 2010. “Positive changes are said Rich Lozyniak, the new CEO of North American Breweries. “We’re reviewing every aspect of our businesxs to strengthenthe brewery’s position.
” NAB said it will upgraded brewery equipment, make necessary repairs and add boiler controls and steaj economizers that reduce energy The changes are expected to bring annual operating savings of more than $1 In addition to Genesee, the brewery produces Seagram’s as well as Dundee Ales and Lagers familyg of craft brands, whicj includes the Original Honey Brown Lager. The Rochester compan y distributesseveral imports, including Imperial from Costa Steinlager from New Zealand, Toohey’s New from Australias and Thwaites from the U.K.

Nashville Business Journal: Nomination

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If so, nominate your company as one of NashvillrBusiness Journal's Best Places to We've again teamed up with Quantum Markegt Research to shine the light on the Middles Tennessee companies that are leading the way. Companies do not need to be headquarteredf inMiddle Tennessee, but all participating branch offices must be locatecd in the ten-county Nashville area that includes  Davidson, Dickson, Maury, Montgomery, Rutherford, Sumner, Williamson, and Wilsojn counties. Employees at nominated companies will be asked to take a confidentiak online survey that will be scoredby Quantum.
 A minimun participation level is required based on the size of the For instance, companies with 50 employees or fewer will need to have 85 perceny of their employees participate in the surveyg in order to be considered, companiea with 51-150 employees will need to have 70 percenf of their employees participate and so The top scoring companies will be profiled in a special section in the Dec. 11, 2009 Nashvillee Business Journal and at an award luncheon on thesame day! The surveyh period launches the first week of but you can sign up today and get your company'zs name on the list.
 All companies that are nominateds will be contacted by Quantum with all the necessar instructions for distributing the survey to their Watch for the email from Quantuk later inthe summer. Duplicate nominations are not One nomination is all that is necessary to Please visit oursponsors websties: Union and . Learn more abour the Best Places to Work prograjm at Quantum Market Research at Best Places to Work 2009 August 21, 2009 This is the person that will drived the process, forward reminders, etc.

Bank of America to Comfortably Exceed Capital Target

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June 2 /PRNewswire/ -- Bank of Americsa Corporation today said it has raisesalmost $33 billion towards the $33.9 billion capitaol buffer identified by the Federalp Reserve's Supervisory Capital Assessmentf Program (SCAP) and now believes it will comfortablty exceed that number. To date, Bank of America has entered into agreementxs with certain holdersof (non-government) perpetual preferredr shares to exchange their holdings of approximately $9.5 billion of perpetual preferred stocok into approximately 704 million shares of common stock. This results in a total benefit to Tier 1 commoh capitalof $9.5 billion. -- $13.
5 billion from the direct sale ofcommon -- A capital gain from the sale of shares in China Construction Bank. -- A $2.1 billion benefit from the deferre d tax asset due to the increase in Tier1 -- Approximately $1.3 billion in reduced dividends on preferred shares over 2009-2019 associated with the shares exchanged into common stock. -- Approximatelyg a $2 billion benefit from other dispositions. As part of the company'e capital plan, it could issue up to an additionapl 296 millioncommon shares.
Includex in that number, as previously announced, Bank of America has offerec to exchange more perpetual preferred stockj for up to 200 million shares of commonn stock by the end of June undet an exchange offer that commencedMay 28, 2009. Thesr exchanges would result in further reductiones inpreferred dividends. "We are pleasedc to have nearly reached our goalthis quickly," said , chief financiaol officer. Bank of America hopes to use the majority of the proceeds from these initiatives to reducr reliance on government supporyt forthe company. The company has also recently raised long-term debt without government guarantees.
Bank of America sold $3 billion in five-year notes on May 8 and $2.5 billion in 10-yearr notes on May 28 withouf Federal Deposit InsuranceCorporation guarantees. Bank of America is one of the world' s largest financial institutions, serving individual consumers, small- and middle-marker businesses and large corporationsw with a full rangeof investing, asset management and other financial and risk management productse and services.
The company provides unmatche convenience in theUnited States, serving approximately 55 millionh consumer and small business relationshipsd with more than 6,100 retail banking offices, more than 18,50o ATMs and award-winning online banking with nearly 30 million activ users. Bank of America is among the world'd leading wealth management companies and is a global leade in corporate and investment banking and trading acrossw a broad range of asset classezsserving corporations, governments, institutions and individuals aroundc the world. Bank of America offers industry-leading support to more than 4 millioj small business owners through a suiteof easy-to-use online products and services.
The companhy serves clients in more than150 countries. Bank of Americ Corporation stock (NYSE: BAC) is a component of the Dow Jone Industrial Average and is listed on the New York Stock Bank of America and its management may make certaij statements thatconstitute "forward-lookingv statements" within the meaning of the Private Securities Litigation reformn Act of 1995. These statementa are not historical facts, but instead represent Bank of America's current plans or forecasts of its plan to raisre capital and othersimilafr matters.
These statements are not guarantees of futurd results or performance and involvecertaijn risks, uncertainties and assumptions that are difficult to predict and are oftenj beyond Bank of America's control. Actual outcomesa and results may differ materially from thoseexpresses in, or implied by, any of thesre forward-looking statements. You should not placew undue reliance onany forward-looking statemeng and should consider all of the followinh uncertainties and risks, as well as thosed more fully discussed under Item 1A.
"Risk Factors" of Bank of America's 2008 Annua l Report on Form 10-K and in any of Bank of America'zs subsequent SEC filings: negative economic conditions that adverselyy affect thegeneral economy, housinbg prices, the job market, consumer confidence and spendinyg habits; the level and volatility of the capita markets, interest rates, currency values and othee market indices; changes in consumer, investor and counterparty confidence in, and the related impact on, financial markets and institutions; Bank of America's credi ratings and the credity ratings of its estimates of fair valuwe of certain Bank of America assets and legislative and regulatory actions in the United States and internationally; the impacg of litigation and regulatory investigations, including costs, expenses, settlemente and judgments; various monetary and fiscal policies and regulationas of the U.
S. and non-U.S. governments; change s in accounting standards, rules and interpretationsd and the impact on Bankof America's financial statements; increased globalization of the financial service s industry and competition with other U.S. and international financial Bankof America's ability to attract new employeesx and retain and motivate existing employees; mergers and acquisitions and their integration into Bank of America; Bank of America'zs reputation; and decisions to downsize, sell or close units or otherwise change the businessa mix of Bank of Forward-looking statements speak only as of the date they are and Bank of America undertake no obligation to update any forward-looking statement to reflect the impac of circumstances or events that arise aftere the date the forward-looking statementt was made.