Switzerland: KOF Leading Indicator downfall contained in February - FXstreet.com

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Switzerland: KOF Leading Indicator downfall contained in February FXstreet.com FXstreet.com (Barcelona) - The Swiss KOF Leading Indicator improved for the first time since May 2011 to -0.12 in February, from -0.15 in January, according to data released today by the KOF Institute. This result is in line with market consensus. and more »

Reynolds Smith & Hills out in front for TIA north terminal work - Tampa Bay Business Journal:

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The Authority voted Thursday to negotiate with for work on the north end of the airport that includes engineering servicews for stormwater infrastructure and drainage in the area that will becomew thenorth terminal. An existing air cargo facility willbe demolished, as will other adjacent Services also will include design, permitting and construction administration. Reynolds Smith was selected from a fielsd offive bidders. and Southern were ranked second and thirdx byairport staff. All three firms have done extensive workat TIA, said Louixs Miller, airport director.
The totakl budget for the projectis $26 Included in the request for proposal was participation of at least 6 which Reynolds met in its bid. The next step for the Aviatiojn Authority is to negotiate a pricr forthe work. Miller anticipatexs bringing back a formal contract forthe board's approvao within two months.

Spectrum Capital principals join Morgan Keegan - Memphis Business Journal:

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Spectrum is a Rhodse Island-based investment and merchant banking firm. The two principalsz will maintain their officesin R.I. “Our commitment to providinhg our clients with the highest qualityg investment banking services has led to a number of strategic acquisitions over the pasttwo years,” Chip Morgan Keegan’s executive managing director and directot of investment banking, said in a statement. “We’ve had an interest in addinb restructuring expertise to our practice for some and now we have the right people on board to leadthis effort.” Spectrum managing partner Michael Lederman will head Morgan Keegan’s newly formed Special Situationsx Group.
Spectrum partner Joseph Sands will be management director ofthat “I am delighted to welcome Mike and Joe to our Randy Karchmer, co-head of Morgam Keegan’s mergers, acquisitions and financiakl sponsors practice, said in a statement. “Theh will strengthen Morgan Keegan by complementingour M&A, publicc equity and debt practices acros a wide array of industries.” Memphis-based Morgahn Keegan is the brokerage and securitiez arm of Birmingham-based (NYSE: RF).

Unbeatens Nokomis, Presque Isle to meet in EM title game - Bangor Daily News

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Kennebec Journal

Unbeatens Nokomis, Presque Isle to meet in EM title game Bangor Daily News By Ryan McLaughlin and Dave Barber, BDN Staff Gardiner Area High School's Kelly MaComber (right) blocks a shot by Presque Isle High School's Kayla Richards during the first half of the Class B semifinal game at the Bangor Auditorium on Wednesday ... E ASTERN B GIRLS BASKETB »

Finnish goalie gets good view of empty netter after assuming delayed penalty call - Business Insider

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Finnish goalie gets good view of empty netter after assuming delayed penalty call Business Insider Not that it mattered much, as TuTo ended up losing 7-1, although giving up that fourth goal on such a goofy play surely took the wind out of any comeback attempt by TuTo. What's that old saying? When you assume, you…let in a deflating goal that kills ... and more »

Former H&R Block CEO joins IRS - Kansas City Business Journal:

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IRS commissioner Douglas Shulman announced Mondagy in a press release that he appointesd Ernst as IRS deputy commissioner for operations Ernst will oversee the key operational and administrative functionse for the tax agency including human resources, facilities, data security and finance. Ernst will be one of two IRS deputyt commissioners who report directlyto He’ll work closely with Linda Stiff, deputy commissionerd for services and enforcement. “Mark has an impressiv e track record ofmanaging large, complex operationsd with significant technology Shulman said in the release.
“Thse IRS’s human capital and technology strategyg and implementation are absolutely critical to the effectiveness ofour nation’s tax system.” Ernst served as chairmanj and CEO of H&R Block from 2001 to and as its COO from 1998 to 2000. Ernstf resigned in November 2007, after a bitter proxhy battle withcurrent H&R Block chairmann Richard Breeden, who argued that Block should focus on its core tax business and no longer be involved in subprime mortgage

Commerce department claims Travelocity.com improperly sold insurance; refunds ... - Alexandria Echo Press

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Commerce department claims Travelocity.com improperly sold insurance; refunds ... Alexandria Echo Press R. 2700.3200, subp. 2 (2011). 1. NUFIC and Travel Guard shall cease and desist, in Minnesota, the automatic enrollment of consumers in travel insurance plans or any other insurance policy on Travelocity's website or any other website powered, ... and more »

Human Capital: People on the move, June 5 - San Francisco Business Times:

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, a Boston-based technology company serving students, educatorse and employers, added Ted Fischer as executive vice presidengof sales, partnerships and strategic Fischer was previously a partner at . Sun Life Financial name s Deschenes senior VP and GM of its annuitiese divisionThe U.S. divisiobn of , based in Wellesley, namedx Stephen Deschenes senior vice president and general manager of itsannuities division. Deschenes joins Sun Life from , wherr he served as senior vice president and chief marketinbg officer for the retirementincome group.
Furman Gregory LLC adds Deptul as partner Furman GregoryLLC , a Boston-based corporates law firm now knownb as Furman Gregory Deptula, added George Deptula as a Deptula most recently practicee at Vena, Riley, Deptulz LLP, and continues his practice in trial and appellate legal services, and mediation and ADR. William A. Berry & Son promotes Corcoranh as project designerWilliam A. Berry Son Inc. , a Danvers-based construction management promoted Josie Corcoran toproject director. She has served as a projectf manager at the firm for the pastnine years.
Nixon Peabody'd Milder elected chairman of ; Braich named to firm'as IP team Forrest Milder , a partnee in the Boston office of Nixon PeabodyLLP , was electedx chairman of the American Bar Association ’s Foru m on Affordable Housing and Community Development for the 2009-2010 In other firm Nixon Peabody added Ravinderjit “Ravi” Braicj to its intellectual property department in the Bosto n office as a patent specialist.

Survey: Employers cutting benefit costs - Austin Business Journal:

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“The responses indicate that as employers develop benefig plans for 2010 they are lookinfg for ways to reducbenefit costs, without furthed reducing benefits,” said Marianne Fazen, executive director of the “Surprisingly, many responded that they plan to increasde their wellness programs.” • Thirty-five percent of employerxs responded that they plan to increase theird wellness programs. • Companies identified as its two biggesty concerns limitedbenefits budgets, and limited merit budget and bonuzs pools. About 68% of companies are concerned or very concerne about limited merit budget andbonues pools, and about 53% are concerned about limited benefite budgets.
• To weather the economic downturn, almost half of respondentse are auditing or planning to audit their dependent eligibility in order to reduce the numbe ofindividuals covered. And 41% plan to increase employee coste ofbenefit plans, while more than one-third have reduceed or are planning to reducse staff. • About 89% of employers believe that workers will responsd to the economic downturn bydelaying retirement. 83% of employers say thei workers are concerned aboutjob security, and 42% thinkm their employees have been impacter by low morale. The survey was submitted to the association'ds employer members and facilitated byin Houston.
The association'sd 900-plus members represent a broad cross-section of benefitse professionalsin Texas, Louisiana. Arkansas, Missouri and Kansas, but are not limitex to those states.

QSGI Inc. files Chapter 11 - South Florida Business Journal:

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The publicly traded company (OTC BB: filed its petition on Monday in bankruptcy court in West Palm According tothe petition, the companu has assets of almost $24 million and debt of $22.6 million, with 48 millionn shares of common stock. The company has majofr operationsin Minnesota. In a presa release, the company said it believes the bankruptcy wouldf allow itto “continue some operations while it workw to restructure its financiapl obligations and restructure operations.” Bradley Shraiberhg of Boca Raton-based who files the claim said the compay ran into troubled because of the economuy and in defending itsel f from a lawsuit. “They have disputeds with their lender.
Becausd of the economy, the value inventoryh significantly declined, which lowered the company’s borrowing base and put it ina cash-strappecd position.” The inventory consists mostly of new and used partw to maintain computer mainframes. Schraiberg said the unprofitable part of the refurbishing and recyclingcomputer equipment, was draggint down the company. QSGI, which is located on Royal Palm Way, said it is interviewing financiaol advisory firms specializing in corporate restructurinh to assist management inthe process.
The company, on its Web site said it offer sa “full suite of information technology solutions to help corporations and governmental agencies better manage hardware reduce maintenance expenses, build best practicee for data security and assure regulatorhy compliance.” Two members of the board of Geoffrey A. Smith and Robert W. VanHellemont resigned from the according to a news Chairman and CEO Marc Sherman signed thebankruptcyg petition. Shares closed down slightly to just under 3 cents ashars Thursday. The 52-week high was 25 cents on Sept. 12.
The 52-week low was 1 cent on

Recovery Act boosts venture capital - Dayton Business Journal:

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The changes, which were implemented Friday, will affect the ’s Small Business Investment Compang program. “The Recovery Act expands SBA’ds venture-capital program to increase the pool of investmenft funding available to the Smal l Business Investment Companies licensedeby SBA,” said SBA Administrator Karen Mills. “Wes believe those companies will be bettert equipped by these changed to help sustain and grow smal businesses for their next importantgrowth steps.” Smalol Business Investment Companies are privatelyg owned and managed venture-capital firms licensed and regulated by SBA.
They use a combination of funds raiser from private sources and money raised througjh the use of SBA guarantees tomake equity- and mezzanine-capital investmentsd in small businesses. There are approximately 338 Smalo Business Investment Companieswith $17.4 billion in capitalk under management. The Small Businessx Investment Companies program was created in 1958 to stimulat e the growthof America’s small businesses by supplementing the long-term debt and private-equityu capital available to them.
• The Recovery Act makes Small Business Investment Companie eligible forgreater SBA-guaranteed fundinb and requires them to invest 25 percenyt of their investment dollars into “smaller” Also, the amount of funding a Small Business Investmentt Company may invest in a single smalo business is set at 10 percent of a Small Business Investment Company’d total capital, rather than the previous limigt of 20 percent of a Small Business Investmentt Company’s private capital only. This translatews to an effective 50 percent increase in funding availablwe to a single business by a Small BusineswInvestment Company.
• Maximum SBA funding levels to Small Businessd Investment Companies will increase up to three times the privates capital raised by the Small BusinessInvestmenyt Company, up to a maximum of $150 million for single Small Business Investment Companies, or up to $225 milliojn for multiple companies undedr common control. The cap for all licensees had been setat $137.12 million before the Recovery Act. • Thes e limits are even higher for Smalkl Business Investment Companies licensedafter Oct.
1, that certify at least 50 percent of their investmentes will be made in small businesse s locatedin low-income areas, up to $175 million for singler licensees and up to $250 million for jointly controllee multiple licensees. Changes made to the Smallk Business Investment Company program under the Recovery Actare

Advanta agrees to refund customers up to $35M in FDIC agreements - Boston Business Journal:

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That agreement addresses charges that theSprinhg House, Pa.-based company violated federal tradew laws through its pricing strategies on businessx credit cards, and in its marketing of cash-bacm rewards on the cards. Advanta said it did not admir wrongdoing and that it entered theagreementsx “in the interest of expediencty and to avoid litigation.” Advanta said it took a $14 millio charge to cover refunds tied to the alleged marketingy violations in third-quarter 2008 and will take a second-quarterr 2009 charge to cover refunds over its pricingb strategies, which it said coule total $21 million. Advanta also agreerd to a $150,000 fine.
In a separate agreement with the FDIC, Advanta’s ability to use cash and pay dividend s hasbeen restricted. The company must submit a plan toremainn "well-capitalized," and submit a plan to terminate its deposit-takinv operations and deposit insurance once its deposits are repaid in full, a process expecteed to take a few years. The second agreement with the FDIC placees restrictionson Advanta’s use of its cash assets, paymentf of dividends and transactions that wouldd materially alter its balance sheet composition and taking of brokeredf deposits.
Advanta said the second order does not in any way restricft it from continuing to service itsmanagec credit-card accounts and receivables. In an efforgt to limit losses and erosion of its capitall ascredit deteriorates, Advanta said in earlyt May that its securitization trust will go into earlt amortization — where the company uses receivables from customere to accelerate payment to investor bondholders. While that protects investorx from prolonged exposure to a pool of receivablesd whose credit performancehas deteriorated, Advanta would have needed an alternative way to fund new purchasex on its customers’ credit cards. So it had to shut down future use, effectivs May 30.
It has since referred some customers to AmericabExpress Co. Advanta’s stock closex 2 7 percent lower Wednesdat at42 cents.

Adams

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RealtyTrac records indicate that a notice ofa trustee’s sale has been files on homes matching the description of Adams’ Nortg Portland Kenton neighborhood homes. The notice indicates that the homes will be put upfor , which broke the noted that Adams’ lender has filed a “notice of meaning he’s defaulted on his loan agreementf with his lender. Adams told the paper he’z catching up on his mortgage after paying “significant” legal bills. The houses that face foreclosurer are at2131 N. McClellan and 2121 N. McClellan. Adams lives in the 2121 He also owns a triplex at2031 N.
Adams, who makes $118,144 yearly, is facing an impendingf recall, scheduled to kick off in early July, after admitting he had a sexua l relationship withBeau Breedlove. The pair met before Breedlov turned 18. Adams said the sexual relationshilp beganafter Breedlove’s 18th birthday. Oregon’s attorney general is investigatinb whether Adams didanything improper. The mayor conceded that he lied about whether he’d had sex with Breedlovse when a political opponengt first made the charge during the 2008 primary campaign season.

Texas energy projects set to receive $200 million in stimulus money - Austin Business Journal:

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The funds will be administered by the which is overseen by Texaxs ComptrollerSusan Combs. Statw agencies, local governments, school districts, public colleges and public hospitals and municipal utilities will be able to apply for monehy tofund energy-saving upgrades and installations. “This is a tremendouws opportunity for agencies in state and localk government to move forward with projects that will save valuabl e taxpayer dollars through energy efficiency and help Texas meet clea n air goals and reduce its energy Texas Comptroller Susan Combs Most of thesedollars $158.
2 million — will go toward a revolving loan The State Energy Conservatioh Office will accept applications for loans up to $10 millio at interest rates as low as 2 percent. The officre will use the money that’s repaid to make more loans. Anothed $16.9 million in stimulus funds will providre grants toward the purchase of alternative fuel vehicles and alternativre fueling stations for government vehiclesx as wellas energy-efficient traffivc signals. About $30 million in grants will help public entitiezsinstall renewable-energy technologies, such as solar, wind, biomass, hydroelectric and geothermalo projects.
The state will also use $6 million in stimulue funds to partner with the to trainb workers forthe renewable-energy industry and $5 million on energyg education and outreach.