http://jenhutton.com/index.php?/writing/excuse-me/
The latest extension moves the deadline to midnight Wednesdahy from midnightlast Friday. It was midnighg May 28 when Unisys announcerd the offer onApril 30. The Blue Bell, Pa.-basecd information-technology company is trying to get holders of four sets of senio r notes to exchange them in a private placement for new senio secured notes thatpay 12.625 percent interest and are due 2014. The senior notes eligiblee for the offerare 6.875 percen t notes due in 2010; 8 percengt notes due 2012; 8.5 percent note s due 2015; and 12.5 percent noteds due 2016.
In addition to the senior secured notes due holders of the senior notes due 2010 also will receive cash and holderx of the senior notesd due 2015 and 2016 can also buy additional seniodr secured notes inthe exchange. Unisys won’y issue more than $375 million of the new seniot secured notes. Unisys (NYSE:UIS) said that $35.8 million of the 2010 $33.5 million of the 2012 notes, $600,000 of the 2015 noteds and $3.4 million of the 2016 notes had been tendered as of the clos e ofbusiness Friday. That’s $73.3 million, up only $100,000 from the totall tendered twoweeks previously, when Unisysw last extended the offer.
The company said it and its representatives are continuingf to talk to representatives of seniore note holders regardingthe offering.
Tuesday, January 18, 2011
Saturday, January 15, 2011
'Season of the Witch' review: Nicolas Cage sleepwalks through Black Plague - Hero Complex
http://grand-caravan.biz/CaravanMinivan/
New York Daily News | 'Season of the Witch' review: Nicolas Cage sleepwalks through Black Plague Hero Complex Directed by the perenni » |
Thursday, January 13, 2011
Neighborhood Community of Newnan seized - Atlanta Business Chronicle:
http://floatation-tank.com/floatation-therapy-featured-in-first-magazine/
, based in West Point, Ga., will assum all of Neighborhood Community’ds $191 million in total deposits, and will take on $209 millionn of the failed bank’s assets, according to a release. Neighborhoocd Community’s loan and deposit customers will automatically become CharterBank The FDIC and CharterBanl entered intoa loss-share transaction, a method that is becoming a common vehicle for the FDIC to unloads failed banks. Under the deal, the regulator will absorb losses on as muchas $171 milliojn of the assets purchased by CharterBank.
The deposit insurer stated in a releaswe the deal will be the least costly forthe FDIC’sd insurance fund and will minimize disruption for loan customers. The FDIC estimate s the cost of the failurd to the insurance fund willbe $66.7 Neighborhood Community opened in April and operated four offices throughout the south metrk in Newnan, Tyrone and Peachtree City. The branchesd will re-open Monday as CharterBank branches, and will permanentlgy become CharterBank branches. Robert Johnson, CharterBank CEO, said the acquisition was an extensionj ofhis bank’s West Georgi market closer to along the Interstate 85 corridor.
CharterBank is headquarterecd nearthe Alabama/Georgia border along I-85, and operates branches throughoutg the border region. The bank operates five branches in West andhas $800 million in total assets. Johnson said his bank wouldr continue to look at otheer distressed banks along the corridotr toadd branches, deposits and loanx as a path for growth. “Customerd should know that it will be business as usuall for both their deposits and Johnson said, noting two branches will be open tomorrosw for customers. The list of Atlanta-area banks felled by bad bets on real estatd loans continuesto swell.
As of firsft quarter 2009, Neighborhood Community reportex $163 million in total loans, but one-third of thosde loans were in some stageof default, foreclosure or repossession by the The bank reported only $5.2 million in total which could not absorb the potential losses on $15 million in foreclosed real and $31 million in loans that appeared unlikely to be At the time of its the bank had a Texas Ratio of 346 The ratio has became a common industryt metric in the S&L Crisis, and measureds total loan problems to equity or the size of the bank’a problems with its ability to absorbb the losses.
Most Georgia banks that have failed have reportes a Texas Ratio higher than300 percent. Earlier Friday, state banking regulators seizerVilla Rica-based Community Bank of West No bidder was found for Community Bank’s operatione — one branch in the Atlanta suburh — and the bank will be
, based in West Point, Ga., will assum all of Neighborhood Community’ds $191 million in total deposits, and will take on $209 millionn of the failed bank’s assets, according to a release. Neighborhoocd Community’s loan and deposit customers will automatically become CharterBank The FDIC and CharterBanl entered intoa loss-share transaction, a method that is becoming a common vehicle for the FDIC to unloads failed banks. Under the deal, the regulator will absorb losses on as muchas $171 milliojn of the assets purchased by CharterBank.
The deposit insurer stated in a releaswe the deal will be the least costly forthe FDIC’sd insurance fund and will minimize disruption for loan customers. The FDIC estimate s the cost of the failurd to the insurance fund willbe $66.7 Neighborhood Community opened in April and operated four offices throughout the south metrk in Newnan, Tyrone and Peachtree City. The branchesd will re-open Monday as CharterBank branches, and will permanentlgy become CharterBank branches. Robert Johnson, CharterBank CEO, said the acquisition was an extensionj ofhis bank’s West Georgi market closer to along the Interstate 85 corridor.
CharterBank is headquarterecd nearthe Alabama/Georgia border along I-85, and operates branches throughoutg the border region. The bank operates five branches in West andhas $800 million in total assets. Johnson said his bank wouldr continue to look at otheer distressed banks along the corridotr toadd branches, deposits and loanx as a path for growth. “Customerd should know that it will be business as usuall for both their deposits and Johnson said, noting two branches will be open tomorrosw for customers. The list of Atlanta-area banks felled by bad bets on real estatd loans continuesto swell.
As of firsft quarter 2009, Neighborhood Community reportex $163 million in total loans, but one-third of thosde loans were in some stageof default, foreclosure or repossession by the The bank reported only $5.2 million in total which could not absorb the potential losses on $15 million in foreclosed real and $31 million in loans that appeared unlikely to be At the time of its the bank had a Texas Ratio of 346 The ratio has became a common industryt metric in the S&L Crisis, and measureds total loan problems to equity or the size of the bank’a problems with its ability to absorbb the losses.
Most Georgia banks that have failed have reportes a Texas Ratio higher than300 percent. Earlier Friday, state banking regulators seizerVilla Rica-based Community Bank of West No bidder was found for Community Bank’s operatione — one branch in the Atlanta suburh — and the bank will be
Monday, January 10, 2011
Second recession deemed possible - New Mexico Business Weekly:
more
Those odds may seem low, but they’rre actually high since double-dip recessions are rare and the U.S. economuy grows 95 percent of the time, says the chamber’s Marty Regalia. He predicts the current economic downturj will endaround September. However, the unemploymentf rate will remain high through the first half of next year andinvestmenft won’t snap back as quickly as it usuall does after a recession, Regalia says. Inflation, looms as a potential problem because of thefederall government’s huge budget deficits and the massive amounyt of dollars pumped into the economy by the Federal Reserve, he says.
“Ths economy has got to be runningf on its own by the middle ofnext year,” Regalia Almost every major inflationary period in U.S. historyh was preceded by heavydebt levels, he notes. The chancexs of a double-dip recession will be lower if Ben Bernanker is reappointed chairman of theFederall Reserve, Regalia says. If President Barack Obamaw appoints his economic adviser Larry Summers to chai rthe Fed, that would signal the monetaryt spigot would remain open for a longert time, he predicts. A coalescing of the Fed and the Obams administrationis “not something the markets want to Regalia says.
Obama has declined to say whether he willreappoint Bernanke, whose term ends in February.
Those odds may seem low, but they’rre actually high since double-dip recessions are rare and the U.S. economuy grows 95 percent of the time, says the chamber’s Marty Regalia. He predicts the current economic downturj will endaround September. However, the unemploymentf rate will remain high through the first half of next year andinvestmenft won’t snap back as quickly as it usuall does after a recession, Regalia says. Inflation, looms as a potential problem because of thefederall government’s huge budget deficits and the massive amounyt of dollars pumped into the economy by the Federal Reserve, he says.
“Ths economy has got to be runningf on its own by the middle ofnext year,” Regalia Almost every major inflationary period in U.S. historyh was preceded by heavydebt levels, he notes. The chancexs of a double-dip recession will be lower if Ben Bernanker is reappointed chairman of theFederall Reserve, Regalia says. If President Barack Obamaw appoints his economic adviser Larry Summers to chai rthe Fed, that would signal the monetaryt spigot would remain open for a longert time, he predicts. A coalescing of the Fed and the Obams administrationis “not something the markets want to Regalia says.
Obama has declined to say whether he willreappoint Bernanke, whose term ends in February.
Saturday, January 8, 2011
Three foreign workers wounded in mortar attack near Gaza border - Ha'aretz
http://orbitintl.com/newspops/news2.html
Three foreign workers wounded in mortar attack near Gaza border Ha'aretz Three mortars were fired from the Gaza Strip towards Israel on Saturday afternoon; two landed in open territory but one struck a populated area of a kibbutz ... |
Wednesday, January 5, 2011
Canadian exercise time guidelines to be shortened - Vancouver Sun
madhu-westmeath.blogspot.com
Nanaimo Daily News | Canadian exercise time guidelines to be shortened Vancouver Sun The Canadian Society for Exercise Physiology will be issuing the new guidelines on Jan. 24. The amount of time adults are told to spend being physic » |
Monday, January 3, 2011
Study: Consistent exercise may reduce risk of colon cancer death - HealthJockey.com
gavrilovaefivu.blogspot.com
HealthJockey.com | Study: Consistent exercise may reduce risk of colon cancer death HealthJockey.com Individuals exercising consistently apparently had a lower risk of colon cancer death for at least 10 years. Kathleen Y. Wolin, ScD, first author and ... Exercise Decreases Colon Cancer Death Risk Exercise drops risk of colon cancer death |
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