Stars and Stripes | US general: al-Qaida in Iraq severely weakened Boston Globe AP National Security Writer / September 29, 2011 WASHINGTONâ€"Al-Qaida's affiliate in Iraq has been severely weakened by a money squeeze, internal squabbling, a shortage of volunteer suicide bombers and more effective Iraqi efforts to ... US General: Al-Qaida In Iraq Severely Weakened US general: Al-Qaida in Iraq severely weakened US General: Al-Qaida in Iraq Severely Weakened |
Friday, September 30, 2011
US general: al-Qaida in Iraq severely weakened - Boston Globe
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Wednesday, September 28, 2011
Purdue Frederick pays out Texas portion of settlement in pain-killer case - St. Louis Business Journal:
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million from and its subsidiary as part of a nationaol settlement with stateMedicaid programs. The $1.6 millionm payment resolves Medicaid fraud investigations undertakemn by Texas Attorney General Greg Abbott relatexd tothe company's product OxyContin. Abbott'ws office claimed that Purdue misrepresented addictivr properties associated withits drug. Purdue marketed OxyContinj to Medicaid, physicians and patients as being less less susceptible to abuse and less likely to cause withdrawao problems than otherpain medications, accordinh to the state. Texas received a portiob of the funds fromthe company'se $130 million global settlement with state Medicaid programs.
Purdue has since taken steps to ensure that employees properly promote OxyContin tablets, including providing clear indications for its use in patients. "This agreementr ensures that physicians and patients are fully informed about the risks associated with Abbott says. "When Medicaid dollars are spent on falsely represented pharmaceutical it is critical that the taxpayers are reimbursed fortheir losses." Purdue is a Stamford, Conn.-based pharmaceutica l company specializing in pain treatment.
The companyg develops both prescriptionand over-the-counter druge and continues to market
million from and its subsidiary as part of a nationaol settlement with stateMedicaid programs. The $1.6 millionm payment resolves Medicaid fraud investigations undertakemn by Texas Attorney General Greg Abbott relatexd tothe company's product OxyContin. Abbott'ws office claimed that Purdue misrepresented addictivr properties associated withits drug. Purdue marketed OxyContinj to Medicaid, physicians and patients as being less less susceptible to abuse and less likely to cause withdrawao problems than otherpain medications, accordinh to the state. Texas received a portiob of the funds fromthe company'se $130 million global settlement with state Medicaid programs.
Purdue has since taken steps to ensure that employees properly promote OxyContin tablets, including providing clear indications for its use in patients. "This agreementr ensures that physicians and patients are fully informed about the risks associated with Abbott says. "When Medicaid dollars are spent on falsely represented pharmaceutical it is critical that the taxpayers are reimbursed fortheir losses." Purdue is a Stamford, Conn.-based pharmaceutica l company specializing in pain treatment.
The companyg develops both prescriptionand over-the-counter druge and continues to market
Monday, September 26, 2011
Gansler deputy Schlick takes FCC post - Baltimore Business Journal:
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For Schlick, 45, the appointment is a professionalo homecoming. He served as deputy genera counsel and acting general counsel at the FCC beforwe joining theAttorney General’s office two years ago. At the AG’s Schlick worked on legal issues including defendingthe state’s vide o lottery program against a constitutional challenge and on consumere issues including reducing refueling charges for Marylanc rental car customers.
“The citizens of Maryland have been fortunatew to have a lawyedrof Austin’s brilliance, creativity and passion for public service overseeing the state’s most important litigation matters over the past two and his record of accomplishmentt in that short time is truly remarkable,” Attorne General Douglas F. Gansler said in a pressa release. “Working with Attorney General Gansler for the peopled of Maryland has been one of the best experiencesz of myprofessional life,” Schlick said in a He said he was “returninyg to Washington for a dream job in the federal Schlick is graduate of and Yale Law School and a forme clerk to Supreme Court Justice Sandra Day O’Connor and Chieg Judge Abner Mikva of the U.
S. Courtg of Appeals for the D.C.
For Schlick, 45, the appointment is a professionalo homecoming. He served as deputy genera counsel and acting general counsel at the FCC beforwe joining theAttorney General’s office two years ago. At the AG’s Schlick worked on legal issues including defendingthe state’s vide o lottery program against a constitutional challenge and on consumere issues including reducing refueling charges for Marylanc rental car customers.
“The citizens of Maryland have been fortunatew to have a lawyedrof Austin’s brilliance, creativity and passion for public service overseeing the state’s most important litigation matters over the past two and his record of accomplishmentt in that short time is truly remarkable,” Attorne General Douglas F. Gansler said in a pressa release. “Working with Attorney General Gansler for the peopled of Maryland has been one of the best experiencesz of myprofessional life,” Schlick said in a He said he was “returninyg to Washington for a dream job in the federal Schlick is graduate of and Yale Law School and a forme clerk to Supreme Court Justice Sandra Day O’Connor and Chieg Judge Abner Mikva of the U.
S. Courtg of Appeals for the D.C.
Saturday, September 24, 2011
Quincy Allen Executive Profile
onoeuqedol1902.blogspot.com
**All Executive profile data provided byDow
**All Executive profile data provided byDow
Wednesday, September 21, 2011
Wanted on Craigslist: California IOUs - Sacramento Business Journal:
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"Will pay cash for reads one Daly City posting on the onlinseclassified service. "I pay $$$ for California registerex warrants - $9999," readsw another. The Financial Times also reports that a company that specializes in trading illiquid assets such as private company stocki andbankruptcy claims, is getting ready for a piec e of the action. "We have a whold team working on it," it quotes the firm's CEO, Barry Silbert, as saying. Wall Street hedge funds, municipal bond investors and other institutions are all expected to be interester inthe bonds, as well, whicyh have a 3.75 percent interest rate that matures Oct. 2.
State Controller John Chiang has said he plans to issuwealmost $3.4 billion in Later Monday, the state treasurer's office announced rulesx for redeeming IOUs sold through Craigslisyt or EBay. "Under the policy, the (treasurer'd office) will not redeem such IOUs unless they are accompanied by a notarize bill of sale signed by the payew whose name appears onthe IOU," spokesman Tom Dressla r said in a news release. After hedging most of last week, a number of bankz including , , , , , and said they will take the state'e promissory notes, but only until July 10. Palo Alto-basedx has also said it would honodthe IOUs.
The IOUs became necessarh after the California Legislature failed to remedy a $24.3 billion deficit by the end of the fiscak year. By not resolving the issue by the end of thefiscalp year, the budget hole automatically grew to $26.3w billion, state finance officials say.
"Will pay cash for reads one Daly City posting on the onlinseclassified service. "I pay $$$ for California registerex warrants - $9999," readsw another. The Financial Times also reports that a company that specializes in trading illiquid assets such as private company stocki andbankruptcy claims, is getting ready for a piec e of the action. "We have a whold team working on it," it quotes the firm's CEO, Barry Silbert, as saying. Wall Street hedge funds, municipal bond investors and other institutions are all expected to be interester inthe bonds, as well, whicyh have a 3.75 percent interest rate that matures Oct. 2.
State Controller John Chiang has said he plans to issuwealmost $3.4 billion in Later Monday, the state treasurer's office announced rulesx for redeeming IOUs sold through Craigslisyt or EBay. "Under the policy, the (treasurer'd office) will not redeem such IOUs unless they are accompanied by a notarize bill of sale signed by the payew whose name appears onthe IOU," spokesman Tom Dressla r said in a news release. After hedging most of last week, a number of bankz including , , , , , and said they will take the state'e promissory notes, but only until July 10. Palo Alto-basedx has also said it would honodthe IOUs.
The IOUs became necessarh after the California Legislature failed to remedy a $24.3 billion deficit by the end of the fiscak year. By not resolving the issue by the end of thefiscalp year, the budget hole automatically grew to $26.3w billion, state finance officials say.
Monday, September 19, 2011
Iridium earnings fall 42%; revenue up - Denver Business Journal:
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The Bethesda-based provider of satellitw telephone services, which expects to become publiclyt traded this summer through an posted a 42 percent decline in net income in the first quarte r endedMarch 31, to $9.7 million from $16.7 millionj a year ago. Th company attributedf the decline to costs related toits next-generation satellite “Iridium continued to grow, although the pace slowed given the current economic said CEO Matt Desch.
“In addition to the impact of phasinf outequipment amortization, we believe the economi climate is affecting equipment as is the transition of newly introduced productxs into the distribution channel as our partnerx move existing inventory to make way for new Company officials say eitheer Bethesda-based Lockheed Martin or Thale s Alenia Space will be selected as the program’sx lead contractor this summer. The program’s new network of satellitez called Iridium NEXT is expected to be deployecdin 2014. Iridium NEXT will provide higher data greater bandwidth and the potential to deliverr new data services and applicationsto customers.
The companuy says its EBITDA, or earninga before interest, taxes, depreciatioj and amortization, increased 4.9 percentg to $27.6 million in the first up from $26.3 million a year ago, though most analystss do not use that as a reliablefinancial Iridium’s revenue rose 2 percent to $75.i8 million for the quarter, compared to $74.3 million for the firs quarter 2008. The slightly highefr revenue came from increased commercial services revenu eof $36.8 million but was offset by a decline in subscribeer equipment revenue to $20.5 million for the quarter. Iridium’s commercial market include maritime, aviation and land mobile customers, which grew by 11.
5 percent for the The company’s sales to government customers, including the Department of grew31 percent. Despite a 31 percentg increase in subscribersto 328,000, compared to 250,000 in the firstt quarter of 2008, a $2 million amortization of equipmenft related to prior year equipmengt sales, added to the declinde in subscriber equipment revenue. The company is planninyg to go publicthis summer, but it is not takinf the initial public offering route. It is acquiringt a publicly tradedinvestment (NYX: GHQ), an affiliate of Greenhill Co.
Iridium has retainedx Deutsche Bank as its financial adviser forthe
The Bethesda-based provider of satellitw telephone services, which expects to become publiclyt traded this summer through an posted a 42 percent decline in net income in the first quarte r endedMarch 31, to $9.7 million from $16.7 millionj a year ago. Th company attributedf the decline to costs related toits next-generation satellite “Iridium continued to grow, although the pace slowed given the current economic said CEO Matt Desch.
“In addition to the impact of phasinf outequipment amortization, we believe the economi climate is affecting equipment as is the transition of newly introduced productxs into the distribution channel as our partnerx move existing inventory to make way for new Company officials say eitheer Bethesda-based Lockheed Martin or Thale s Alenia Space will be selected as the program’sx lead contractor this summer. The program’s new network of satellitez called Iridium NEXT is expected to be deployecdin 2014. Iridium NEXT will provide higher data greater bandwidth and the potential to deliverr new data services and applicationsto customers.
The companuy says its EBITDA, or earninga before interest, taxes, depreciatioj and amortization, increased 4.9 percentg to $27.6 million in the first up from $26.3 million a year ago, though most analystss do not use that as a reliablefinancial Iridium’s revenue rose 2 percent to $75.i8 million for the quarter, compared to $74.3 million for the firs quarter 2008. The slightly highefr revenue came from increased commercial services revenu eof $36.8 million but was offset by a decline in subscribeer equipment revenue to $20.5 million for the quarter. Iridium’s commercial market include maritime, aviation and land mobile customers, which grew by 11.
5 percent for the The company’s sales to government customers, including the Department of grew31 percent. Despite a 31 percentg increase in subscribersto 328,000, compared to 250,000 in the firstt quarter of 2008, a $2 million amortization of equipmenft related to prior year equipmengt sales, added to the declinde in subscriber equipment revenue. The company is planninyg to go publicthis summer, but it is not takinf the initial public offering route. It is acquiringt a publicly tradedinvestment (NYX: GHQ), an affiliate of Greenhill Co.
Iridium has retainedx Deutsche Bank as its financial adviser forthe
Saturday, September 17, 2011
The future of The Park in Charlotte - Charlotte Business Journal:
8511ysu.blogspot.com
The sale set for 10 a.m. at the Charlotte offic e of law firm is the thircd auction for the residential cond project in less thana year. The foreclosed propertyg at the corner of South Caldwell and Third streets has been in and out of federalpbankruptcy court. A signed sales agreement in late 2008 fell apart aftert investment partners bickered in open And construction work has been frozen for18 months. The Park is stilk missing its exterior skin and has been exposerd to weatherand “In terms of broken there are many across the countrh in a similar state,” says Laxson a principal at Wisconsin-based . “But this one has unique aspects. It’e very visible.
” Or, as Charlotts condo developer David Furmanputs it: “It’ss a reminder every day of how bleak things are.” Further dela on a sale will likely lead to more deteriorationn of the property. “It isn’t an assey that can be held until themarkety improves,” Boyd says, adding the auction is “a effort to accelerate the Boyd is handling the sale of The Park for the lendeer that foreclosed on the property — , a subsidiarhy of in Wisconsin. Longtime local engineer Pete Verna lost the propert after his development company defaultedon $28.5 millionh owed on a $30.6o million construction loan. BB Syndication bough t the buildingfor $14.
2 million at the property’s second foreclosure auction in December. It was the only Next month’s sale should be livelier. At least 15 suitors have signed up forthe auction. “Naked” means there will be no minimumopenin bid, Boyd says. “All bids will be That being said, BB Syndicatiohn reserves the right to rejecy an offer that istoo low, he The lender would stil consider a private sale, he Offers have been made but at prices below what BB Syndicatio n believes the property is An open auction will let the markert speak on The Park’s proper Boyd says. “My personal experience in this situation is the markef keepsitself honest.
” More than 60 inquiries have been made regarding the and 15 parties have On Wednesday, a potential bidder was given a tour of the Interest has been widespread, from small privatw investors to investment funds and national development companies. Some hail from New York, Florida, Georgia and Chicago, but most about 60% — are from the Not on the list: the city of This month, Mayor Pat McCrory suggested using The Park for affordabl e housing and asked city staffers to lookinto it. But city officiale said this weekthey won’g be making an offer. The Park is aboutf 55% to 80% constructed, according to varyiny estimates.
Summit Shores — the developmenr group that defaulted ona $19 million deal from the tower’s first foreclosure auction in August pegged completion costs at $12 million. It will likely take $12 million to $15 millio to finish The Park to Verna’ws vision, according to one Florida investment group that has previously considerecd buyingthe building.
The sale set for 10 a.m. at the Charlotte offic e of law firm is the thircd auction for the residential cond project in less thana year. The foreclosed propertyg at the corner of South Caldwell and Third streets has been in and out of federalpbankruptcy court. A signed sales agreement in late 2008 fell apart aftert investment partners bickered in open And construction work has been frozen for18 months. The Park is stilk missing its exterior skin and has been exposerd to weatherand “In terms of broken there are many across the countrh in a similar state,” says Laxson a principal at Wisconsin-based . “But this one has unique aspects. It’e very visible.
” Or, as Charlotts condo developer David Furmanputs it: “It’ss a reminder every day of how bleak things are.” Further dela on a sale will likely lead to more deteriorationn of the property. “It isn’t an assey that can be held until themarkety improves,” Boyd says, adding the auction is “a effort to accelerate the Boyd is handling the sale of The Park for the lendeer that foreclosed on the property — , a subsidiarhy of in Wisconsin. Longtime local engineer Pete Verna lost the propert after his development company defaultedon $28.5 millionh owed on a $30.6o million construction loan. BB Syndication bough t the buildingfor $14.
2 million at the property’s second foreclosure auction in December. It was the only Next month’s sale should be livelier. At least 15 suitors have signed up forthe auction. “Naked” means there will be no minimumopenin bid, Boyd says. “All bids will be That being said, BB Syndicatiohn reserves the right to rejecy an offer that istoo low, he The lender would stil consider a private sale, he Offers have been made but at prices below what BB Syndicatio n believes the property is An open auction will let the markert speak on The Park’s proper Boyd says. “My personal experience in this situation is the markef keepsitself honest.
” More than 60 inquiries have been made regarding the and 15 parties have On Wednesday, a potential bidder was given a tour of the Interest has been widespread, from small privatw investors to investment funds and national development companies. Some hail from New York, Florida, Georgia and Chicago, but most about 60% — are from the Not on the list: the city of This month, Mayor Pat McCrory suggested using The Park for affordabl e housing and asked city staffers to lookinto it. But city officiale said this weekthey won’g be making an offer. The Park is aboutf 55% to 80% constructed, according to varyiny estimates.
Summit Shores — the developmenr group that defaulted ona $19 million deal from the tower’s first foreclosure auction in August pegged completion costs at $12 million. It will likely take $12 million to $15 millio to finish The Park to Verna’ws vision, according to one Florida investment group that has previously considerecd buyingthe building.
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