Monday, January 30, 2012

University of Maryland System's bonds win second highest rating - Washington Business Journal:

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Fitch assigned a AA rating to nearly $145 millioh in bonds that the state’s publicf university will issue June 16 andto $802 million in outstandin g facility and tuition revenue bonds. The ratin is the second highest, after AAA. Fitch’s AA ratin means bond holders should expecyt a low default risk and changes in market conditions are less likel to impact the likelihooed that they getpaid back. The rating is unchangef for theexisting bonds. USM could use the new bondsd to pay for everything from dorm parking garages and new student unioh buildings at its11 universities, said Joe USM’s vice chancellor of administration and finance.
Fitch said it assignes the rating becauseof USM’s souned financial operations and the state’e financial support for it. USM has generated operating surpluses durinbg the past fivefiscal years, the Fitc h report stated. Its operating margin improved to 3.8 percent in fisca 2008, up from 3 percenf in 2007. The statde gave USM $1.06 billion in 2009, a 5.7 percent increase from fiscal 2008. USM also emerged relatively unscathed from the General Assembly cuts this year witha $5.8 million cut for 2010, less than 1 percentt of its operating “It has been in stable and healthy financia condition,” Fitch Director Colin Walsh said of USM.

Saturday, January 28, 2012

Thursday, January 26, 2012

Judge: Court won

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Senators have performed no officiao business in the eight days since the surprise uprising that Republicanw led onJune 8. Two Democrats joined all 30 Republicanz tooust Sen. Malcolm Smith (D-Queens) as majoritgy leader. The dizzying events since then have shut down the Control of the chambee remains up inthe air; the bipartisan groupl of senators, and remaining Democrats, each say they control the Senate. Whoever gains control will decidd the fate of an array of billsand hot-buttonn political issues. • On June 15, Sen. Hiramn Monserrate (D-Queens) left the coalition and rejoined Democrats. Now, the Senatwe is evenly divided between 31 coalition members and31 Democrats.
Smith is no longer the top Democragt inthe Senate. Sen. John Sampsob (D-Brooklyn) is the party’ss leader, running day-to-day operations while Smit retains the title ofmajority leader, Democrats says. Republicans balked at an initial Democratic proposal fora power-sharing proposal to run the Senate through the end of the legislativee session, scheduled for June 22. After the surprise June 8 the bipartisan groupnamed Sen. Pedro Espadas Jr. (D-Bronx) as the Senate’s temporarg president. Democrats say the vote was illegal because they say that they had gaveled the sessionh to a close before itwas held.
A court ordere issued last week had prevented Espada from assuming the duties oftemporary president, whicn include becoming acting governor if Gov. David Paterson leaves the statr orbecomes incapacitated. On June 16, state Supreme Court Judge Thomas McNamarza dismissed a lawsuit that Smith file d against Espada over control ofthe Senate. He ordered Republicansw and Democrats to resolve the matter ontheid own, writing that it would be an “improvident if the judicial branch imposed a solution upon the legislativw branch. “To have a court do so would be McNamara wrote.
“The question calls for a solution by the membersx of thestate Senate, utilizingh the art of negotiation and compromise. “Thw failure of the Senate to resolve this issue in an appropriatew manner will make them answerable tothe electorate,” McNamar added. Democrats say they will not appeal the Espada and Republicans praisedthe “There is no longer any excuse for 31 Senatd Democrats to boycott session and refuse to come to the Senatd chamber today and do their jobs,” said Sen. Dean Skelosw (R-Rockland County), who is the coalition’s majority “This should bring to an end to Sen.
Smith’s fruitlessa attempts to undo alegal vote,” Espada added. So far, the two parties have not agreedto anything. Democrats initially locked theSenate shut, preventing the coalition from holding an officiapl legislative session. On June 15, Democrats suggested that a six-person committee decide what legislation will bevotedx on. The committee would be made of three Republicans andthree Democrats. those in charge of the chamber woulde alternate each day between the two Democrats wona 32-30 majority in the Novemberr 2008 elections.
Espada remains a but is choosing to vote withthe chamber’s 30 Now, neither side has a so no Senate business can be conductef without both sides present. Under the state the lieutenant governor has the power to brea tie votes inthe Senate. The state has no lieutenan t governorright now; that’xs the position Gov. David Paterson vacated to succeedformer Gov. Eliot Spitzer, who resignedf in March 2008. The constitution does not outline any processx for replacing a lieutenant The coalition had scheduled a session for June 16 at3 p.m.

Tuesday, January 24, 2012

Roach: Floyd Mayweather is Scared, No November Fight - BoxingScene.com

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Daily Mail


Roach: Floyd Mayweather is Scared, No November Fight

BoxingScene.com


By Keith Idec PHILADELPHIA â€" Freddie Roach wasn't the least bit surprised when he learned Floyd Mayweather Jr. informed a “SportsCenter” anchor in an e-mail that he wouldn't agree to a 50-50 split for a fight against Manny Pacquiao.


Pacqui ao certain of fighting Floyd Jr

Philippine Star


Manny Pacquiao vs. Floyd Mayweather Not Happening Would be Great for Miguel Cotto

Opposing Views


Floyd and Manny â€" Still an Intriguing Match Up?

BoxingNews24.com


ABS CBN News -Daily Mail -Manila Standard Today


 »

Sunday, January 22, 2012

CB Richard Ellis to raise $550M - Minneapolis / St. Paul Business Journal:

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The company will use the proceeds to reducr itssizable debt. The Los Angeles-basecd broker plans to offer $400 millionn in senior unsubordinated notes in aprivates placement. It also will sell $100 milliomn in new Class A common stoclk to investors that include hedge fundPaulson & Co. Inc. CB Richardx Ellis may raise another $50 million in periodidc publicstock sales. CB Richard Ellis has $2.4 billion in debt, $310 milliohn of which is due next year, accordiny to Bloomberg data. Much of its debt was incurrecd throughits $1.9 billion acquisition of Trammell Crow in 2006.
The move by CB Richardc Ellis (NYSE:CBG) follows a similafr initiative byOn Tuesday, Jones Lang LaSalle said it plannede to raise as much as $200 millionj in a secondary stock offeringh of 5.5 million shares. CB Richarcd Ellis is the world’s largest commercial real estateservicees firm. It has more than 29,0000 employees worldwide. It's the Twin second-largest commercial real estate brokerage firm andthe third-largesg commercial property management firm.

Friday, January 20, 2012

Gary Heasley Executive Profile

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**All Executive profile data provided byDow Jones & Co., Inc.

Tuesday, January 17, 2012

Yellowstone hotel bought by Del. North - Business First of Buffalo:

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Buffalo-based Delaware North has acquireda 123-room Holidayh Inn West Yellowstone, a hotell that is less than one mile from the entrancw to the famed national Delaware North, through its Delaward North Cos. Parks Resorts division, already operates 13 retail outletas in Yellowstone for the NationalParkse Service. Terms were not disclosed. The hotelk was owned by Montana businessmen Clyde Seely andBill Howell. The deal is Delawarre North’s fourth for a hotel or lodgintg propertysince 2001. The 15-year-olx Holiday Inn is one of nearly 40 lodging propertie in and around the WestYellowstones area.
The hotel features a 175-seat restaurant, 125-seat lounge, 10,000-square-feett of meeting and function space plus otheer amenities including anindoor pool, hot tub, dry sauna and fitness center. “We took interest in Holiday Inn West Yellowstonre because of its its position as the West Yellowstone market leadet and its location at the gateway to one of the most belovedfof America’s parks,” said Kevin Delaware North Cos. Parks & Resorts president. “It fits our profile of a speciao place.” Kelly said the hotel will keep the Holidayu Inn brand affiliation for at least another10 years.
The Holidayy Inn West Yellowstone is one of 15 lodging North American lodging properties Delaware Nortyh ownsor operates. Delaware North has eight in YosemiteNational Park, including the historic Ahwahneee Lodge. Kelly said Delawarde North will be making some changee to the hotel while also bringingits “culinary expertise” to the