ralawizewy.wordpress.com
The board of Hillsboro-based MathStae (PINK SHEETS: MATH), a fabless semiconductor company, recommends voting against theliquidation proposal. MathStar shut down operatione more than a year ago and company officials have said they hope to merg with another semiconductor But severalshareholders — including the company’s two largest have urged MathStar to Dallas-based investor Joe Gensor said the companhy hasn’t had a shareholder meeting sincee May 22, 2008, and by law must call one withinj 13 months of the previoua meeting. He threatened to take the issuse toDelaware court, where the company is to force a meeting.
But MathStar on Thursday filedx a proxy statement indicating it will hold a shareholdefr meeting on June 29 in Minneapolis whichy will include a voteon Gensor’ss liquidation request. On Monday MathStar received a tender offer from LLC to buy a majority stake in MathSta rfor $1.15 per share in cash a 6.48 percent premium over the previous Friday’s closing price. But Salvatore Muoio, an investmentg fund manager in New York andthe company’s largestf single shareholder with 7.35 percenrt of outstanding shares, said MathStar’s $14 millio n cash balance as of March 31 representz $1.61 per share. MathStaf shares jumped 4.3 percent in morning tradiny to $1.20.
It has a 52-weeko range between 63 cents and $1.73. MathStafr was previously basedin Minneapolis.
Saturday, October 1, 2011
Wednesday, September 28, 2011
Mirabilis companies face $400M fine - Orlando Business Journal:
uhalugupuzyma.blogspot.com
The companies listed in the indictment are doingb business asMirabilis HR, , , and doinb business as Inc. They are charged with conspiracy and wire and could face fines of upto $400 The professional employee organization companies, alont with chief executive Franko Amodeo, would divert payroll taxesa collected from clients to the PEO accountx instead to the , said U.S. Attornet A. Brian Albritton. Taxes totalingb $200 million were never paid tothe IRS, includint $157.8 million in FICA and withholdingy taxes, prosecutors said. Despite proclaiming his innocence Amodeo pleaded guilty to charge of conspiring to commit wire fraud and obstructio of an agencyproceeding Sept. 23.
He faceds 25 years in prison anda $1.25 millionb fine. Amodeo’s sentencing is set for Jan. 16.
The companies listed in the indictment are doingb business asMirabilis HR, , , and doinb business as Inc. They are charged with conspiracy and wire and could face fines of upto $400 The professional employee organization companies, alont with chief executive Franko Amodeo, would divert payroll taxesa collected from clients to the PEO accountx instead to the , said U.S. Attornet A. Brian Albritton. Taxes totalingb $200 million were never paid tothe IRS, includint $157.8 million in FICA and withholdingy taxes, prosecutors said. Despite proclaiming his innocence Amodeo pleaded guilty to charge of conspiring to commit wire fraud and obstructio of an agencyproceeding Sept. 23.
He faceds 25 years in prison anda $1.25 millionb fine. Amodeo’s sentencing is set for Jan. 16.
Monday, September 26, 2011
Cincinnati Restaurants & Cincinnati Dining Guide
bafepexu.wordpress.com
Cincinnati, OH 45202 (513) 784-1200 $60-$8o per person, with wine One of the nation's few restaurantsd that dry-ages its steaks on premises; downtown's Jeff Ruby'zs has a 1940s-style Art Deco interior. The beef is dry aged in an "exhibition" aging room that is visible from Walnut The wine cellar not only storex 140 differentred wines; it also serves as a privats dining room for 10. Jean-Roberty at Pigall's 127 W. Fourth St.
Cincinnati, OH 45202 721-1345 $75 prix fixe, not includiny wine French-American cuisine in an historicdowntown building; the most upscale of chef Jean-Robert deCavel
Cincinnati, OH 45202 (513) 784-1200 $60-$8o per person, with wine One of the nation's few restaurantsd that dry-ages its steaks on premises; downtown's Jeff Ruby'zs has a 1940s-style Art Deco interior. The beef is dry aged in an "exhibition" aging room that is visible from Walnut The wine cellar not only storex 140 differentred wines; it also serves as a privats dining room for 10. Jean-Roberty at Pigall's 127 W. Fourth St.
Cincinnati, OH 45202 721-1345 $75 prix fixe, not includiny wine French-American cuisine in an historicdowntown building; the most upscale of chef Jean-Robert deCavel
Saturday, September 24, 2011
Intel to buy Wind River for $884M - San Francisco Business Times:
laxykeha.wordpress.com
Intel's $11.50-per-share offer is about a 44 percentr premium overWind River's closing pricse on Wednesday of $8. Wind Riverd stock lost more than half its value betweena 52-weekm high of $12.99 last Augusr and a low of $5.61 in March. The stoci closed Thursday at $11.72, up 47 percent. Santa Clara-basecd Intel (NASDAQ:INTC) said buying Alameda-based Wind Rive r (NASDAQ:WIND) will help it expand its software into thousands of embeddedr systems and mobile devices includingsmart in-car "info-tainment" systems, aerospace and defense, energy and thousands of otherr uses.
Wind River will operate as a wholly owned subsidiary aftef the deal closes duringthe summer, reporting to Reneed James, head of Intel’s software and services "Our combination of strengths will be of greaty benefit to Wind River’s existingh and future customers," said Ken Wind River chairman, president and CEO. Foundeds in 1981, Wind River has more than 1,600 employees and operations in more than 15 During its fiscal yearenderd Jan. 31, Wind River reported $10.7 million in net incomre on annual revenueof $359.7 million. The company on Thursday posted a 21 percent increase in netincome $561,000, or 1 cent a share, for its firsg quarter despite a 6.
5 percenf drop in revenue to $63.8 million.
Intel's $11.50-per-share offer is about a 44 percentr premium overWind River's closing pricse on Wednesday of $8. Wind Riverd stock lost more than half its value betweena 52-weekm high of $12.99 last Augusr and a low of $5.61 in March. The stoci closed Thursday at $11.72, up 47 percent. Santa Clara-basecd Intel (NASDAQ:INTC) said buying Alameda-based Wind Rive r (NASDAQ:WIND) will help it expand its software into thousands of embeddedr systems and mobile devices includingsmart in-car "info-tainment" systems, aerospace and defense, energy and thousands of otherr uses.
Wind River will operate as a wholly owned subsidiary aftef the deal closes duringthe summer, reporting to Reneed James, head of Intel’s software and services "Our combination of strengths will be of greaty benefit to Wind River’s existingh and future customers," said Ken Wind River chairman, president and CEO. Foundeds in 1981, Wind River has more than 1,600 employees and operations in more than 15 During its fiscal yearenderd Jan. 31, Wind River reported $10.7 million in net incomre on annual revenueof $359.7 million. The company on Thursday posted a 21 percent increase in netincome $561,000, or 1 cent a share, for its firsg quarter despite a 6.
5 percenf drop in revenue to $63.8 million.
Thursday, September 22, 2011
U.S. Chamber economist: Get ready for another recession - New Mexico Business Weekly:
zyluzugizovota.blogspot.com
Those odds may seem low, but they’rs actually high since double-dip recessionx are rare and the U.S. economyu grows 95 percent of the saidthe chamber’s Marty Regalia. He predictes the current economic downturn will end around but the unemployment rate will remain high through the firstr half ofnext year. Investment won’gt snap back as quickly as it usuallhy does aftera recession, Regalia said. Inflation, looms as a potentiall problem because of thefederal government’s huge budget deficit s and the massive amount of dollars pumped into the econom by the Federal Reserve, he said.
If this stimuluxs is not unwound once the economy beginszto recover, higher interest ratees could choke off improvement in the housing market and businesxs investment, he said. “The economy has got to be running on its own by the middlre ofnext year,” Regalia said. Almost every major inflationaru periodin U.S. history was preceded by heavu debt levels, he noted. The chanceds of a double-dip recession will be lower if Ben Bernankde is reappointed chairman of theFederal Reserve, Regalia If President Barack Obama appointx his economic adviser Larry Summers to chaid the Fed, that would signal the monetaryu spigot would remain open for a longer he said.
A coalescinh of the Fed and the Obama administrationis “not somethinhg the markets want to Regalia said. Obama has declinedr to say whether he willreappoint Bernanke, whosd term ends in February. Meanwhile, more than half of small busines s owners expect the recession to last at leastf anothertwo years, according to a survey of Intuift Payroll customers. But 61 percent expect their own business to grow in the next12 “Small business owners are bullish on theif own abilities, but bearisuh on the factors they can’t said Cameron Schmidt, director of marketinv for Intuit Employee Management “Even in the gloomiest economy theree are opportunities to seize.
” A separate survey of small business owners by Discovedr Financial Services found that 57 percent thoughft the economy was getting worse, while 26 perceng thought the economy was improving. More than half plannee to decrease spending on business development in the nextsix
Those odds may seem low, but they’rs actually high since double-dip recessionx are rare and the U.S. economyu grows 95 percent of the saidthe chamber’s Marty Regalia. He predictes the current economic downturn will end around but the unemployment rate will remain high through the firstr half ofnext year. Investment won’gt snap back as quickly as it usuallhy does aftera recession, Regalia said. Inflation, looms as a potentiall problem because of thefederal government’s huge budget deficit s and the massive amount of dollars pumped into the econom by the Federal Reserve, he said.
If this stimuluxs is not unwound once the economy beginszto recover, higher interest ratees could choke off improvement in the housing market and businesxs investment, he said. “The economy has got to be running on its own by the middlre ofnext year,” Regalia said. Almost every major inflationaru periodin U.S. history was preceded by heavu debt levels, he noted. The chanceds of a double-dip recession will be lower if Ben Bernankde is reappointed chairman of theFederal Reserve, Regalia If President Barack Obama appointx his economic adviser Larry Summers to chaid the Fed, that would signal the monetaryu spigot would remain open for a longer he said.
A coalescinh of the Fed and the Obama administrationis “not somethinhg the markets want to Regalia said. Obama has declinedr to say whether he willreappoint Bernanke, whosd term ends in February. Meanwhile, more than half of small busines s owners expect the recession to last at leastf anothertwo years, according to a survey of Intuift Payroll customers. But 61 percent expect their own business to grow in the next12 “Small business owners are bullish on theif own abilities, but bearisuh on the factors they can’t said Cameron Schmidt, director of marketinv for Intuit Employee Management “Even in the gloomiest economy theree are opportunities to seize.
” A separate survey of small business owners by Discovedr Financial Services found that 57 percent thoughft the economy was getting worse, while 26 perceng thought the economy was improving. More than half plannee to decrease spending on business development in the nextsix
Tuesday, September 20, 2011
Four Earthquakes Rattle Guatemala (Photos) - International Business Times
doqujamup.wordpress.com
Globe and Mail | Four Earthquakes Rattle Guatemala (Photos) International Business Times By IBTimes Staff Reporter | Sep 20, 2011 08:11 AM EDT Four earthquakes of magnitudes 5.8, 4.5 and 4.8 hit southern Guatemala on Monday, killing at least three persons. The four earthquakes continuously struck Guatemala within two and a half hours. ... Earthquakes rattle Guatemala, kill 3 |
Sunday, September 18, 2011
City extends kill date on stadium deal - Business First of Louisville:
obesonuqa.wordpress.com
The date was changed to July 15, from July 1, aftefr , which is providinhg a $100 million letter of credit toward the asked to modify the terms of its County commissioners are to meet Friday toconside Wachovia's request to change the date of when the bank'xs fees are to be paid. Wachovia is asking it be paid its fees instead of after debt and reserve paymentzare made, as stipulated under the current In a 3-2 vote the city commissioners approved the following: Allow the terminatiojn date to be moved to July 15. Give the countu until July 17 to terminatse the deal if it has not closed on the bond Extend the date forthe city’w $13 million contribution to July 17.
Amend the provisiojn to allow the city to suspend deposi of its contribution to the project if there is a delaty dueto litigation. Amend the warranty deed for the stadium site so that it woulrd revert back tocity ownership, if the deal is terminated. In Miami-Dade County commissioners approved issuing bonds totalint a maximumof $536 million towardr construction of the $640 million, 37,000-seat ballpark. On Monday, opponentss of the financing deal filed a motion to stop thebond sale, prompting Miami-Dade to push back the sale of its bond by two On Thursday, Miami-Dade County Circuit Court Judge Lawrencw A. Schwartz heard argments from both sides regarding the emergency motion.
He said he would try to issuw an order by no latefthan Monday. Grace Solare s and Elvis Cruz, who filed suit in February, are behind that The motion for injunction allegesz the county is exceeding its constitutional tax and spendingb powers by issuing bonds tied to the professionaklsports tax/tourist development tax. The plaintiffs contend that the county is inappropriately using the current bond to repa y a prior bond issuedin 1992. As a resuly of the motion, and to avoid a clous that could affect interest rates on the the county pushed back the bondsale Miami-Dade spokeswoman Vicki Mallette said Monday.
The date was changed to July 15, from July 1, aftefr , which is providinhg a $100 million letter of credit toward the asked to modify the terms of its County commissioners are to meet Friday toconside Wachovia's request to change the date of when the bank'xs fees are to be paid. Wachovia is asking it be paid its fees instead of after debt and reserve paymentzare made, as stipulated under the current In a 3-2 vote the city commissioners approved the following: Allow the terminatiojn date to be moved to July 15. Give the countu until July 17 to terminatse the deal if it has not closed on the bond Extend the date forthe city’w $13 million contribution to July 17.
Amend the provisiojn to allow the city to suspend deposi of its contribution to the project if there is a delaty dueto litigation. Amend the warranty deed for the stadium site so that it woulrd revert back tocity ownership, if the deal is terminated. In Miami-Dade County commissioners approved issuing bonds totalint a maximumof $536 million towardr construction of the $640 million, 37,000-seat ballpark. On Monday, opponentss of the financing deal filed a motion to stop thebond sale, prompting Miami-Dade to push back the sale of its bond by two On Thursday, Miami-Dade County Circuit Court Judge Lawrencw A. Schwartz heard argments from both sides regarding the emergency motion.
He said he would try to issuw an order by no latefthan Monday. Grace Solare s and Elvis Cruz, who filed suit in February, are behind that The motion for injunction allegesz the county is exceeding its constitutional tax and spendingb powers by issuing bonds tied to the professionaklsports tax/tourist development tax. The plaintiffs contend that the county is inappropriately using the current bond to repa y a prior bond issuedin 1992. As a resuly of the motion, and to avoid a clous that could affect interest rates on the the county pushed back the bondsale Miami-Dade spokeswoman Vicki Mallette said Monday.
Subscribe to:
Posts (Atom)