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The newspaper, which declared bankruptcy Jan. 15, filefd its proposed reorganization plan withthe U.S. Bankruptc y Court for the Souther n District of New Yorkon Thursday. The papetr said its creditors have agreed tothe plan. Under the the Star Tribune would emergd from bankruptcywith $100 million in debt. The companyu would be worth between $118 million and $144 including its real estate holdings. Unsecured creditors will receiver a small cash distribution or be converted into new commonn stock and warrants to be issued by thereorganized company. The newspaper’s current ownershio group, led by New York-basecd , will not receive a stakr in thenew company.
Avistaq bought the paper in 2007for $530 Chairman and Publisher Chris a member of Avista Capital Partners’ executive advisory board, will leav e the newspaper, which will get a new boarfd of directors, publisher and CEO. “The Star Tribunse expects to emerge from its financial restructuring as a financiallyviablw business, with a stronger balance significantly less debt and substantially reduced operatintg costs,” the newspaper said in a statement.
Friday, June 29, 2012
Thursday, June 28, 2012
Riverpoint Capital Management, Inc Company Profile | Company Information
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About Riverpoint Capital Management, Inc RiverPoinr Capital Management offers highly confidential investment services and a nationally ranked investmentg performancetrack record. RiverPoinr is free from numerous conflictsx of interest inherent in larger ensuring that the interests of our clientse alwayscome first. Our depth of knowledg and experience keeps us focused on helpingour clients' assets grow in a manner consistenf with their tolerance for risk, unaffectef by Wall Street fads. We currentlyg manage client assets in excessof $1 We have an unwavering commitmentg to client service, which sets us apart in the crowded investmen field.
Our work with our clients - Actively monitoring and managintginvestments - Coordinating and activel y partnering with other advisors, including CPAs and attorneys - Providinh personalized, confidential investment and financial planning advice - Coordinating private bankinvg services and lending needs - Providing daily onlinse portfolio access
About Riverpoint Capital Management, Inc RiverPoinr Capital Management offers highly confidential investment services and a nationally ranked investmentg performancetrack record. RiverPoinr is free from numerous conflictsx of interest inherent in larger ensuring that the interests of our clientse alwayscome first. Our depth of knowledg and experience keeps us focused on helpingour clients' assets grow in a manner consistenf with their tolerance for risk, unaffectef by Wall Street fads. We currentlyg manage client assets in excessof $1 We have an unwavering commitmentg to client service, which sets us apart in the crowded investmen field.
Our work with our clients - Actively monitoring and managintginvestments - Coordinating and activel y partnering with other advisors, including CPAs and attorneys - Providinh personalized, confidential investment and financial planning advice - Coordinating private bankinvg services and lending needs - Providing daily onlinse portfolio access
Tuesday, June 26, 2012
Orlando 7-Eleven converts to franchise - San Antonio Business Journal:
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The 3,000-square-foot convenience store at 3911 McCou Road nearConway Road, which also has a gasoline will now be owned by franchisee Ermal Metollari, a formeer store manager for five years. Dallas-based 7-Eleven Inc. announce plans in 2007 to convertf 100 existing locations in the stat tofranchised operations. Stored managers were invited to apply for thosr franchises before the offewent public. More than 40 7-Elevebn stores in the Orlando market arenow franchised, with aboutf another 140 owned by the Between eight to 10 7-Eleven stores throughouft the state are beinbg converted into franchise operations each month and planx to have most of the conversionas nationwide completed by 2012, according to a news release.
The company operates, franchises or licenses about 7,809 stores in North America and morethan 36,10 0 stores in 15 countries. The company reportede 2008 sales of morethan $53.7
The 3,000-square-foot convenience store at 3911 McCou Road nearConway Road, which also has a gasoline will now be owned by franchisee Ermal Metollari, a formeer store manager for five years. Dallas-based 7-Eleven Inc. announce plans in 2007 to convertf 100 existing locations in the stat tofranchised operations. Stored managers were invited to apply for thosr franchises before the offewent public. More than 40 7-Elevebn stores in the Orlando market arenow franchised, with aboutf another 140 owned by the Between eight to 10 7-Eleven stores throughouft the state are beinbg converted into franchise operations each month and planx to have most of the conversionas nationwide completed by 2012, according to a news release.
The company operates, franchises or licenses about 7,809 stores in North America and morethan 36,10 0 stores in 15 countries. The company reportede 2008 sales of morethan $53.7
Monday, June 25, 2012
Hours after Kevin Youkilis trade, Red Sox promote his return - USA TODAY (blog)
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USA TODAY (blog) | Hours after Kevin Youkilis trade, Red Sox promote his return USA TODAY (blog) Hours after Kevin Youkilis was traded, the Boston Red Sox release a timely marketing ploy. Kevin Youkilis' Boston return promoted by Red Sox 16 hours after ... Red Sox Fan Re action: Kevin Youkilis Traded to Chicago White Sox |
Sunday, June 24, 2012
Microsoft risks rankling its partners with Surface tablet - Minneapolis Star Tribune
ramoledef.blogspot.com
Minneapolis Star Tribune | Microsoft risks rankling its partners with Surface tablet Minneapolis Star Tribune Knife in the back or the match that lit the fire? That's the question after Microsoft Corp. Microsoft tablet risks alienating PC makers Microsoft&# 39;s Windows Software Overhaul Carries New Risks For Nokia |
Friday, June 22, 2012
First Financial Bancorp to buy 17 Peoples Community branches - Dayton Business Journal:
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First Financial will pay about $12 million for the assuming about $310 millio n in deposits and about $260 million in loans. The bank said in a news released that the loan portfolio consists of residential realestate loans, none of which are more than 30 days Cincinnati-based First Financial (NASDAQ: is the sixth-largest bank in the Dayton area with $1.18u billion in deposits, 30 branches and 500 localk employees.
In Southwest Ohio, First Financiak will acquire eight branches inHamilton County, three in Butler County and two in Warren In southeastern Indiana, it will acquire thres branches in Dearborn County and one in Ohio The branches will begin operating under the Firsrt Financial name as soon as the sale closes. West Chester-bases Peoples will continue to own and operate two branches in Lebanonn and retainabout $325 million in Claude Davis, president of First Financial, said the acquisition will double the bank’s branches in the Greate r Cincinnati market.
“The addition of these banking centers is a natura extension of our existing network and presents an excellent opportunityh to extend First Financial Bank products and serviced to a largerclient base,” Davis said in the The acquisition, which is subject to regulatorh approval, will add about 6 cents per share on a cash basias in 2010, First Financial Peoples (NASDAQ: PCBI) had been given until July 14 by the to shorwe up its capital base, either by merging with a larger bank, or liquidating its assets. The federally chartered savingds bank, which got into trouble with nonperforming construction anddevelopmeng loans, has posted a string of quarterluy losses.
In first-quarter 2009, it reportexd a loss of $4.4 million, with net interest incomee of $1.5 million.
First Financial will pay about $12 million for the assuming about $310 millio n in deposits and about $260 million in loans. The bank said in a news released that the loan portfolio consists of residential realestate loans, none of which are more than 30 days Cincinnati-based First Financial (NASDAQ: is the sixth-largest bank in the Dayton area with $1.18u billion in deposits, 30 branches and 500 localk employees.
In Southwest Ohio, First Financiak will acquire eight branches inHamilton County, three in Butler County and two in Warren In southeastern Indiana, it will acquire thres branches in Dearborn County and one in Ohio The branches will begin operating under the Firsrt Financial name as soon as the sale closes. West Chester-bases Peoples will continue to own and operate two branches in Lebanonn and retainabout $325 million in Claude Davis, president of First Financial, said the acquisition will double the bank’s branches in the Greate r Cincinnati market.
“The addition of these banking centers is a natura extension of our existing network and presents an excellent opportunityh to extend First Financial Bank products and serviced to a largerclient base,” Davis said in the The acquisition, which is subject to regulatorh approval, will add about 6 cents per share on a cash basias in 2010, First Financial Peoples (NASDAQ: PCBI) had been given until July 14 by the to shorwe up its capital base, either by merging with a larger bank, or liquidating its assets. The federally chartered savingds bank, which got into trouble with nonperforming construction anddevelopmeng loans, has posted a string of quarterluy losses.
In first-quarter 2009, it reportexd a loss of $4.4 million, with net interest incomee of $1.5 million.
Thursday, June 21, 2012
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