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The program, dubbed “Volunteer — On Us,” allows charitiesa to access bankers to tackleimportant projects. Meridiajn also is releasing its granrt application for monetary Last year, the program gave more than $250,000 in cash gifts to 22 nonprofits across the “Meridian Bank employees have long been admired for theirt passion, knowledge and service,” said Meridian Bank CEO Doug The program provides employees up to 24 hourz of additional paid time off to volunteer for projects at nonprofits in communitiesw Meridian serves. Eligible organizations include 501(c)(3) nonprofits that provide services in Maricopa Countyh orare faith-based.
The community bank is seeking well-defined projects that produce a measurable economi c benefit tothe nonprofit. Projectzs to be funded should occur between July 1and Dec. 15. Applicationas are due June 19. For information, contact Terr Egge at 612-661-3922. Meridiabn Bank is owned by , a privatelh owned financial services companhy basedin Minneapolis. Meridian operates nine branches inmetro Phoenix. One of Arizona’s larges t privately held banks turned a profit in the firstt quarter as it continued its aggressive plan to add 14 branchea in the Phoenix marketthis year. recordefd net income of $44.8 million, down 34 percentr from $68.2 million for the same period last year.
Poor economic conditions, charge-offs and underperforming loansa affected itsfinancial results. In the firsy quarter, the bank recorded a $26 million charge-off and boostedx its loan-loss reserves to $34.5 In first-quarter 2008, MidFirst took a $3.4 million charge-ofd and put no money aside for loan-losse reserves. At the end of the firsf quarter, the bank had $1.5 million in noncurrent loans (90 days or more more than double the amounrt from the same timelast year. with a reserve base of $1.2 the bank remains well-capitalized by regulatory standards. MidFirsft was one of only 14 of the 100 largesrt banks inthe U.S.
to achieve a 2008 according to MidFirst Bank Arizona President Jeff While many banks lost millions in themortgage fiasco, MidFirsyt relied on its government loan servicinfg unit, which granted 340,000 loanes totaling $26.6 billion, to provide stability to its balancr sheet. The Oklahoma City-based bank has opened five Phoenix-area branchexs so far this year and plansa to open nine moreby year-end. That will add nearlyh 100 jobs tothe market. “Bhy the end of 2009, MidFirst’s banking center network will be among the 10 largestin Phoenix,” Lowe said. MidFirsf has more than 570,000 retail, commercial and mortgage customers.
Wednesday, December 14, 2011
Sunday, December 11, 2011
Construction costs down 5.5 percent with projects hard to find - Phoenix Business Journal:
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A Los Angeles-based multifamily housing management company has openee a local officein Scottsdale. , a subsidiary of Western National is operating at16454 N. 91st St. The office is run by Sandik Cashen, a 20-year veteran of the Phoenix apartment Cashen moved from Greystat RealEstate Partners, where she helped managee a portfolio of 26,000 housing units in Colorado, California, New Mexico and Nevada. Accordiny to company PresidentThomas Shelton, the dismal real estat market is rife with opportunity. “Although the Phoenix marke is among the most challenging in the country atthis time, we feel the timintg is right for entry,” Shelton said. For more: .
Scottsdale architecy Erik Peterson and his associates are providing a selectr group of high schoolers with the opportunitgy ofa lifetime: They’lp be holding a one-week summef camp in June for eight aspiringy architects. Attendees will be exposee to architectural computer programsand on-site construction They’ll learn about various career paths, tour loca architectural landmarks, engage in hand rendering and 3-D and learn about trends in sustainable design. The cost is $600 per For more: .
A Los Angeles-based multifamily housing management company has openee a local officein Scottsdale. , a subsidiary of Western National is operating at16454 N. 91st St. The office is run by Sandik Cashen, a 20-year veteran of the Phoenix apartment Cashen moved from Greystat RealEstate Partners, where she helped managee a portfolio of 26,000 housing units in Colorado, California, New Mexico and Nevada. Accordiny to company PresidentThomas Shelton, the dismal real estat market is rife with opportunity. “Although the Phoenix marke is among the most challenging in the country atthis time, we feel the timintg is right for entry,” Shelton said. For more: .
Scottsdale architecy Erik Peterson and his associates are providing a selectr group of high schoolers with the opportunitgy ofa lifetime: They’lp be holding a one-week summef camp in June for eight aspiringy architects. Attendees will be exposee to architectural computer programsand on-site construction They’ll learn about various career paths, tour loca architectural landmarks, engage in hand rendering and 3-D and learn about trends in sustainable design. The cost is $600 per For more: .
Friday, December 9, 2011
Schwarzenegger says day of reckoning is here - Jacksonville Business Journal:
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“California’s day of reckoning is he said. With no the state could run out of cash in 14 Three months after the state budgegtwas approved, California faces a $24 billion deficit. Schwarzeneggetr has already proposed massive cuts to health careand prisons. Now he’s lookinbg for structural reform to make government more efficient and stretchbtaxpayer dollars. He’s asked the Stat Board of Education, for example, to make textbooks availabl in digitalformats — a move that coulc save millions. In 2004, the governor talked about blowing up boxes and consolidating but the initiatives nevergainef traction. They’re back.
Schwarzenegger is proposing once agaibn to eliminate and consolidate more than a dozennstate departments, boards and This includes the Waste Management Board, the Courr Reporters Board, the Departmenr of Boating and Waterways and the Inspection and Maintenancre Review Committee. Earlier this year, the state beganj consolidating informationtechnology departments. Now Schwarzenegger wantw to consolidate departments that oversee financial institutionxs and merge taxcollection operations.
In state leaders will receive recommendation on how to modernize thetax “This will be a tremendous opportunity to make our revenues more reliable and less volatilew and help the state avoid the boom and bust budgetzs that have brought us here today,” Schwarzeneggefr told lawmakers. It’s not going to happeb in 14 days, he said. But it coulfd happen before the Legislaturwe adjourns for summer recess onJuly 17.
“California’s day of reckoning is he said. With no the state could run out of cash in 14 Three months after the state budgegtwas approved, California faces a $24 billion deficit. Schwarzeneggetr has already proposed massive cuts to health careand prisons. Now he’s lookinbg for structural reform to make government more efficient and stretchbtaxpayer dollars. He’s asked the Stat Board of Education, for example, to make textbooks availabl in digitalformats — a move that coulc save millions. In 2004, the governor talked about blowing up boxes and consolidating but the initiatives nevergainef traction. They’re back.
Schwarzenegger is proposing once agaibn to eliminate and consolidate more than a dozennstate departments, boards and This includes the Waste Management Board, the Courr Reporters Board, the Departmenr of Boating and Waterways and the Inspection and Maintenancre Review Committee. Earlier this year, the state beganj consolidating informationtechnology departments. Now Schwarzenegger wantw to consolidate departments that oversee financial institutionxs and merge taxcollection operations.
In state leaders will receive recommendation on how to modernize thetax “This will be a tremendous opportunity to make our revenues more reliable and less volatilew and help the state avoid the boom and bust budgetzs that have brought us here today,” Schwarzeneggefr told lawmakers. It’s not going to happeb in 14 days, he said. But it coulfd happen before the Legislaturwe adjourns for summer recess onJuly 17.
Wednesday, December 7, 2011
Dow climbs but misses 7th 'up' week; ProLogis leads Colorado gainers - Denver Business Journal:
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The Dow Jones Industriapl Average finished the trading day at up 119.23 points (1.5 percent). The S&lP 500 closed at 866.23, up 14.31 points (1.67 percent). The NASDAQ Composite finished at 1,694.29, up 42.08 pointz (2.55 percent). Among actively tradex Colorado stocks, (PLD) led the day’as gainers, up 10.93 percent (82 cents) to close at • (AGT) — Up 10.82 percenr (4 cents) to 43 cents. (UDR) — Up 7.33 percent (73 to $10.69. • (DCT) Up 7.05 percent (31 cents) to $4.71. (NEM) — Up 6.61 percent ($2.56) to Among actively traded Colorado stocks that declined on the day was down 6.54 percent (3.9 cents) to close at 57 • (CMG) — Down 3.
92 percent to $81.97. • (CROX) Down 2.14 percent (5 cents) to $2.29. • (BLL) — Down 2.09 percenrt (86 cents) to • (Q) — Down 1.13 percent (4 cents) to
The Dow Jones Industriapl Average finished the trading day at up 119.23 points (1.5 percent). The S&lP 500 closed at 866.23, up 14.31 points (1.67 percent). The NASDAQ Composite finished at 1,694.29, up 42.08 pointz (2.55 percent). Among actively tradex Colorado stocks, (PLD) led the day’as gainers, up 10.93 percent (82 cents) to close at • (AGT) — Up 10.82 percenr (4 cents) to 43 cents. (UDR) — Up 7.33 percent (73 to $10.69. • (DCT) Up 7.05 percent (31 cents) to $4.71. (NEM) — Up 6.61 percent ($2.56) to Among actively traded Colorado stocks that declined on the day was down 6.54 percent (3.9 cents) to close at 57 • (CMG) — Down 3.
92 percent to $81.97. • (CROX) Down 2.14 percent (5 cents) to $2.29. • (BLL) — Down 2.09 percenrt (86 cents) to • (Q) — Down 1.13 percent (4 cents) to
Monday, December 5, 2011
Ritz Camera plans to sell remaining 400 stores - Business First of Columbus:
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The Beltsville, Md.-based company, which sellas photo supplies mainlythrough , filed for Chapter 11 bankruptcy reorganization in In April, the company closed its last Columbus-areq store on Lane Avenur and liquidated its inventories. The compant says its lack of funds will forcde it to auction its remaining stores by the end of this Ritz has been struggling to reorganizre and save its stores and alreadh has closed about400 locations. It still has storesx in Cincinnati, Toledo and North Olmstead. Ritz Camera is currently talking with two potential A hearingin U.S. Bankruptcyg Court in Delaware is set for Fridayh and bids are dueJuly 16.
A July 20 auctionn and a July 23 hearing for approval of the sale to buyersz arealso planned. Before its bankruptcgy filing, the company used to operate morethan 1,000 stores in 45 The news follows Cord Camera Centeras Inc.’s June filing for voluntary dissolution. The Columbuss photo processing and scrapbook retail which has been taken over bya receiver, filed paperas in Franklin County Common Pleas Court to dissolve its business. It asked to have a court-appointe receiver resolve outstanding financial liabilities for thecompany that’s been a Centrakl Ohio retail institution since 1954.
The Beltsville, Md.-based company, which sellas photo supplies mainlythrough , filed for Chapter 11 bankruptcy reorganization in In April, the company closed its last Columbus-areq store on Lane Avenur and liquidated its inventories. The compant says its lack of funds will forcde it to auction its remaining stores by the end of this Ritz has been struggling to reorganizre and save its stores and alreadh has closed about400 locations. It still has storesx in Cincinnati, Toledo and North Olmstead. Ritz Camera is currently talking with two potential A hearingin U.S. Bankruptcyg Court in Delaware is set for Fridayh and bids are dueJuly 16.
A July 20 auctionn and a July 23 hearing for approval of the sale to buyersz arealso planned. Before its bankruptcgy filing, the company used to operate morethan 1,000 stores in 45 The news follows Cord Camera Centeras Inc.’s June filing for voluntary dissolution. The Columbuss photo processing and scrapbook retail which has been taken over bya receiver, filed paperas in Franklin County Common Pleas Court to dissolve its business. It asked to have a court-appointe receiver resolve outstanding financial liabilities for thecompany that’s been a Centrakl Ohio retail institution since 1954.
Saturday, December 3, 2011
Kurt Busch seeing sports psychologist for 'issues' - CBSSports.com
hustbelogehy1857.blogspot.com
Yahoo! Sports (blog) | Kurt Busch seeing sports psychologist for 'issues' CBSSports.com LAS VEGAS -- Kurt Busch, fined $50000 last week by NASCAR for verb » |
Thursday, December 1, 2011
Toyota, BMW strike green-car technology pact - AFP
gonyzyf.wordpress.com
AFP | Toyota, BMW strike green-car technology pact AFP TOKYO รข€" Automakers Toyota and BMW on Thursday struck a partnership to share eco-friendly technologies, including in the joint development of lithium-ion batteries for next-generation electric cars, the companies said. Under the deal, the German ... BMW, Toyota To Collaborate On Green Tech nology - Update BMW, Toyota team-up to develop future fuel-efficient technologies BMW Group and Toyota Agree to Mid-to-long-term Research Collaboration in ... |
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