PIMCO Launches PIMCO Credit Absolute Return Fund MarketWatch (press release) NEWPORT BEACH, CA, Aug 31, 2011 (MARKETWIRE via COMTEX) -- PIMCO, a leading global investment management firm, has launched the PIMCO Credit Absolute Return Fund for investors seeking a global, diversified strategy that is focused on absolute return ... |
Thứ Tư, 31 tháng 8, 2011
PIMCO Launches PIMCO Credit Absolute Return Fund - MarketWatch (press release)
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Thứ Hai, 29 tháng 8, 2011
Strickland: Plan for vote on slots flawed - The Business Review (Albany):
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Senate President Bill Harris, R-Ashland, on Tuesdat sent a letter to Stricklanxd that included a draft of a joint resolution to go forward on the videoi terminals througha voter-approved constitutional amendment. The slotss would be installed at up to seven locationas in the state to be determined by thehighestf bidders, not necessarily at Ohio’xs seven horse racing tracks as underf Strickland’s plan.
The letter and resolution come a dayafter Strickland, amid stalled talks on the two-year budgey cycle begun last Wednesday, callefd a potential ballot initiative “utterly and totally unacceptable” he said, Ohio schools’ funding future woulcd be in voters’ hands. Strickland in a press conferenc on Tuesday saidthe plan, while an attempt to resolvw the contention over the slotsz plan, “continues to fall short of the legislature’s responsibility to provide a balancer budget now.” “We cannot budget a ballot Strickland said. Absent a fina l budget and undertemporary budgets, Stricklandc estimated that the state’w $3.
2 billion deficit is wideningf by nearly $2 million a day. That’x in part because some programs fundeed undera one-week temporary budget in line for another one-week budget beginnin Wednesday – will see reduced or eliminated funding under the governor’e proposed framework. The only point of contentio n inthat framework, offered up nearluy three weeks ago, is the slots plan, Stricklanr and others have said. The slots which the state has said coulxd pullin $933 million over two years to help plug the budget hole, count s on the machines being operational by May 2010.
With that Harris wrote in Tuesday’s letter, “there is adequatd time to seek voter approval without impacting or delayinb the revenue upon which your budgetframework depends.” Strickland said that while revenur from the slots themselvex won’t hit state coffers until then, the state will see more than $400 million in licensing fees from the seven tracksa this fall should the plan be approved. A key piecse of Harris’ letter states that the four-city casino initiative headed to the November ballot would limit all gamblingv tofour locations, “rendering any legislative enactmentf of (slots) at horse racing trackss moot.
” “In that case, the revenue on whicnh you are counting for Ohio schools would evaporate,” Harriws wrote. Strickland said Tuesday that the propose amendment forthe $1 billion casino plan doesn’yt tie his hands on the video slot machine plan instead, he said it strengthens his A piece of the casino amendmenf states that the plan will have no effectr on activities authorized under the lottery and bingo sections of the Ohio constitution. Legislativew approval of the video slotx plan would be an expansion ofthe .
Senate President Bill Harris, R-Ashland, on Tuesdat sent a letter to Stricklanxd that included a draft of a joint resolution to go forward on the videoi terminals througha voter-approved constitutional amendment. The slotss would be installed at up to seven locationas in the state to be determined by thehighestf bidders, not necessarily at Ohio’xs seven horse racing tracks as underf Strickland’s plan.
The letter and resolution come a dayafter Strickland, amid stalled talks on the two-year budgey cycle begun last Wednesday, callefd a potential ballot initiative “utterly and totally unacceptable” he said, Ohio schools’ funding future woulcd be in voters’ hands. Strickland in a press conferenc on Tuesday saidthe plan, while an attempt to resolvw the contention over the slotsz plan, “continues to fall short of the legislature’s responsibility to provide a balancer budget now.” “We cannot budget a ballot Strickland said. Absent a fina l budget and undertemporary budgets, Stricklandc estimated that the state’w $3.
2 billion deficit is wideningf by nearly $2 million a day. That’x in part because some programs fundeed undera one-week temporary budget in line for another one-week budget beginnin Wednesday – will see reduced or eliminated funding under the governor’e proposed framework. The only point of contentio n inthat framework, offered up nearluy three weeks ago, is the slots plan, Stricklanr and others have said. The slots which the state has said coulxd pullin $933 million over two years to help plug the budget hole, count s on the machines being operational by May 2010.
With that Harris wrote in Tuesday’s letter, “there is adequatd time to seek voter approval without impacting or delayinb the revenue upon which your budgetframework depends.” Strickland said that while revenur from the slots themselvex won’t hit state coffers until then, the state will see more than $400 million in licensing fees from the seven tracksa this fall should the plan be approved. A key piecse of Harris’ letter states that the four-city casino initiative headed to the November ballot would limit all gamblingv tofour locations, “rendering any legislative enactmentf of (slots) at horse racing trackss moot.
” “In that case, the revenue on whicnh you are counting for Ohio schools would evaporate,” Harriws wrote. Strickland said Tuesday that the propose amendment forthe $1 billion casino plan doesn’yt tie his hands on the video slot machine plan instead, he said it strengthens his A piece of the casino amendmenf states that the plan will have no effectr on activities authorized under the lottery and bingo sections of the Ohio constitution. Legislativew approval of the video slotx plan would be an expansion ofthe .
Thứ Sáu, 26 tháng 8, 2011
Easygates opens two new franchise stores - Wichita Business Journal:
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The new markets further CEO Bud Gates’ effortsd to create a platformm to develop both corporate and franchise stores inthe country’e $6 billion rent-to-own industry. Gates startef the company in 2007. Easygates, which sells name-branc household furnishings, appliances and electronics, is openinyg a store in the in Salina and anotherd inSan Marcos, Texas. Both storexs opened Saturday. Gates is formerly chairman and CEO atand “Wed are elated to bring the easyhomer concept to two new markets ... ,” Gatexs said in a written statement.
“The easyhome concepty has proven to be very successful and we believe consumerds in Salina and San Marcos will love the outstanding custome r service they will experience atour stores.” Easygates, througy easyhome U.S. Ltd., has the exclusive rights to franchisde or operate easyhome stores in the 36 stateas in theUnited States, not borderin Canada. Easyhome Ltd., the parent company of easyhom U.S., is Canada’s largest merchandise leasint company and the third largest in North Easyhome Ltd. operates 232 stores across Canada and theUnite States. There are seven Easygates franchisestore nationwide.
The new markets further CEO Bud Gates’ effortsd to create a platformm to develop both corporate and franchise stores inthe country’e $6 billion rent-to-own industry. Gates startef the company in 2007. Easygates, which sells name-branc household furnishings, appliances and electronics, is openinyg a store in the in Salina and anotherd inSan Marcos, Texas. Both storexs opened Saturday. Gates is formerly chairman and CEO atand “Wed are elated to bring the easyhomer concept to two new markets ... ,” Gatexs said in a written statement.
“The easyhome concepty has proven to be very successful and we believe consumerds in Salina and San Marcos will love the outstanding custome r service they will experience atour stores.” Easygates, througy easyhome U.S. Ltd., has the exclusive rights to franchisde or operate easyhome stores in the 36 stateas in theUnited States, not borderin Canada. Easyhome Ltd., the parent company of easyhom U.S., is Canada’s largest merchandise leasint company and the third largest in North Easyhome Ltd. operates 232 stores across Canada and theUnite States. There are seven Easygates franchisestore nationwide.
Thứ Tư, 24 tháng 8, 2011
Sloan resigns from BofA board - Business First of Columbus:
ishinlyuboqemija.blogspot.com
Sloan offered his resignation to new boarr chairman Walter Masseylast week, the bank said in a May 29 regulatort filing. BofA didn’t disclose Sloan’s reasonh for resigning. As the lead independeny director, Sloan has been undert intense criticism in recent months as the bank suffered throughu a sharp stock price decline after acquirinfg MerrillLynch & Co. BofA also has received $45 billionn of taxpayer aid. , a Houston-basefd investment firm that holds 1.1 million BofA shares, was amongh several groups that waged a proxy againstthe country’s larges bank holding company, includinfg calling for Sloan’s ouster.
Sloan was narrowlyu re-elected to the bank’s boardd at the annual meetingin Meanwhile, shareholders voted to strip BofA Chier Executive Kenneth Lewis of the bank’es chairmanship, and Massey was elected to take over board leadership. Lewis remains the bank’s CEO and president. 70, served as a BofA director for13 years. Durinb his tenure, Sloan served as chairmanj of both the executive committee and the compensation andbenefitw committee. He also was a member of the corporate governance committee.
“Temple has been a trustedd adviser who has made an invaluable contribution to the succeses ofour company,” Lewis said in a “We will miss his counsel and his leadership.” BofA BAC) is based in N.C.
Sloan offered his resignation to new boarr chairman Walter Masseylast week, the bank said in a May 29 regulatort filing. BofA didn’t disclose Sloan’s reasonh for resigning. As the lead independeny director, Sloan has been undert intense criticism in recent months as the bank suffered throughu a sharp stock price decline after acquirinfg MerrillLynch & Co. BofA also has received $45 billionn of taxpayer aid. , a Houston-basefd investment firm that holds 1.1 million BofA shares, was amongh several groups that waged a proxy againstthe country’s larges bank holding company, includinfg calling for Sloan’s ouster.
Sloan was narrowlyu re-elected to the bank’s boardd at the annual meetingin Meanwhile, shareholders voted to strip BofA Chier Executive Kenneth Lewis of the bank’es chairmanship, and Massey was elected to take over board leadership. Lewis remains the bank’s CEO and president. 70, served as a BofA director for13 years. Durinb his tenure, Sloan served as chairmanj of both the executive committee and the compensation andbenefitw committee. He also was a member of the corporate governance committee.
“Temple has been a trustedd adviser who has made an invaluable contribution to the succeses ofour company,” Lewis said in a “We will miss his counsel and his leadership.” BofA BAC) is based in N.C.
Thứ Hai, 22 tháng 8, 2011
NY pension fund takes 26% drop - Business First of Buffalo:
awipekyhila.blogspot.com
percent in the past year largely due to the downturh in thestock market. The valuee of the assets is now $109.9 The preliminary findings are through March 31, the end of the fiscal He attributed the Fund’s decline to the globalo economic crisis, which drove the major U.S. stock indices down betweeh 33 and40 percent. The report notesd the NASDAQ, Dow Jones Industrial Average and S&P 500 indices declined by 33.7 percent, 37.9 percen and 39.6 percent, respectively, during the past fiscal year.
DiNapoli also said the market downturn would require higher employer pension contribution ratesz infuture years, and he announced proposed legislatiom to give state and localp government employers an option to managee those expected increases. “Like everty one who has seen the value of theirdinvestments decline, we’ve felt the weight of the globao economic crisis,” DiNapoli said.
“But our diversification and long-termn investment strategies helped us weather the storm betterthan most, and we’re fully funded and well positioned to participat in America’s economic As a long-term investor, the comptroller said the fund is built to surviv such challenging swings in the economy. For asset values declined by about $30 billion in the marketsz that followedthe dot-com bust and the 11, 2001 terrorist attacks, only to see steady recoverh in the subsequent years.
percent in the past year largely due to the downturh in thestock market. The valuee of the assets is now $109.9 The preliminary findings are through March 31, the end of the fiscal He attributed the Fund’s decline to the globalo economic crisis, which drove the major U.S. stock indices down betweeh 33 and40 percent. The report notesd the NASDAQ, Dow Jones Industrial Average and S&P 500 indices declined by 33.7 percent, 37.9 percen and 39.6 percent, respectively, during the past fiscal year.
DiNapoli also said the market downturn would require higher employer pension contribution ratesz infuture years, and he announced proposed legislatiom to give state and localp government employers an option to managee those expected increases. “Like everty one who has seen the value of theirdinvestments decline, we’ve felt the weight of the globao economic crisis,” DiNapoli said.
“But our diversification and long-termn investment strategies helped us weather the storm betterthan most, and we’re fully funded and well positioned to participat in America’s economic As a long-term investor, the comptroller said the fund is built to surviv such challenging swings in the economy. For asset values declined by about $30 billion in the marketsz that followedthe dot-com bust and the 11, 2001 terrorist attacks, only to see steady recoverh in the subsequent years.
Thứ Bảy, 20 tháng 8, 2011
Soccer gaining a foothold with new teams, leagues - Philadelphia Business Journal:
balamatovaegede.blogspot.com
, the ownership groupp of the expansion franchise, has hired -- a nationall sports marketing firm that specializes insoccer -- for a $50 million sponsorship sales program. "We are in a unique position of having been awarded the team two full yearsx before a gameis played," said Nick Keystone Sports' CEO and operatinvg partner. "That gives us the opportunitg to provide sponsorship opportunities for the corporate communitt duringthe high-profile construction phase" of the team's 18,500-seat soccer stadium planned for In South Jersey, Matt Driver is out meeting with investors for an expansio n team for Women's Professional a new league set to debut in 2009.
managing partner of the Philadelphia WPS team that will join the leaguerin 2010, has reached an agreementf in principle with Keystone Sports undet which the women's team will play theie home games at the Chester The deal is just one way in whichy the two teams, which are expected to appeal to differentf fan bases, expect to benefit by workint together. Also in the works are a variety of jointt marketing andticketing programs. "Together we are selling to everybody's demographic," Drivere said.
"We'll be able to create a powerfulk blend, a brand for soccer that will be secons to none in the Less clear is the future ofthe city'w existing soccer team, the Philadelphia Kixx, formerlyg of the Major Indoor Soccer League. The financially strugglingb MISL disbanded in June with the inten t of restructuring the league and continuing playthis fall. With last week'ss announcement that the Wachovia Spectrum will be torn down in the sprinhgof 2009, the Kixx have started lookinv for a new home nearby -- possibly on a college Keystone Sports was awarded a MLS franchise in February aftert securing county and state support for its which will be part of a $500 million retail, residential and office complex planneds for 60 acres along the Delaware County city'e waterfront.
The MLS soccer team'sa investment group is led by Jay Sugarman, CEO of iStae Financial, and also includes James Nevels, former chairman of the Philadelphia SchoolReforj Commission. Sakiewicz said the $50 million figure used to describe the Premier Partnerships deal represents a conservativ estimate of the revenues anticipated througb a stadium namingrights deal, jersey sponsorships and eight to 12 corporate sponsorship deals. The team is first lookinbg to sign deals with sponsors for the constructionb phase of the soccerstadium project, set to beginj in the fall.
Those partners will have the opportunity to extendr their partnership deals with the team oncethe $115 millioh stadium is completed and games begin. "We thini $50 million is a low Sakiewicz said. Randy Bernstein, presidentf and CEO of Premier Partnerships, agreed. "The incorporation of a multi-purpose stadiu m together withthe $500 million developmenrt along the waterfront will raise the stakes and create the highest corporate sponsorship for a soccer stadium-anchored projectg than any stadium ever before," Bernstein said. Sakiewicz dismissesa talk from academics who argue sports stadiums do not producreeconomic benefits.
"A soccerr stadium is not a panacea," he "but it is an ingredient along with a lot ofdifferent ingredients, that can help kick-start economic development. I'll tell you this, nobodt would be doing anything withthat [Chester waterfront] property if we weren'gt building a soccer stadium there." While the new as-yet-unnameed MLS team is just starting its search for it is already closing in on 5,000 seasonm ticket deposits. "I'm amazed," Sakiewicz said. "At this six months in, I'd have estimated we'd have a couple We don't even have a name yet. We haven't even set our ticket prices.
" What the team does have in its corner isa 2,000-membee fan club called the Sons of Ben. Sakiewicz noted the Atoms and the which represented Philadelphia inthe now-defunct North American Soccer League in the 1970s, didn't have the breadth of soccer fans the region now has. He attributes that to how socceer has exploded in popularity as a youth sporf during the past two The enthusiasm displayed by the Sonsof Ben, which has its own Web site and even createde its own line of apparel, helpe d convince the MSL to award Philadelphiqa an expansion franchise.
, the ownership groupp of the expansion franchise, has hired -- a nationall sports marketing firm that specializes insoccer -- for a $50 million sponsorship sales program. "We are in a unique position of having been awarded the team two full yearsx before a gameis played," said Nick Keystone Sports' CEO and operatinvg partner. "That gives us the opportunitg to provide sponsorship opportunities for the corporate communitt duringthe high-profile construction phase" of the team's 18,500-seat soccer stadium planned for In South Jersey, Matt Driver is out meeting with investors for an expansio n team for Women's Professional a new league set to debut in 2009.
managing partner of the Philadelphia WPS team that will join the leaguerin 2010, has reached an agreementf in principle with Keystone Sports undet which the women's team will play theie home games at the Chester The deal is just one way in whichy the two teams, which are expected to appeal to differentf fan bases, expect to benefit by workint together. Also in the works are a variety of jointt marketing andticketing programs. "Together we are selling to everybody's demographic," Drivere said.
"We'll be able to create a powerfulk blend, a brand for soccer that will be secons to none in the Less clear is the future ofthe city'w existing soccer team, the Philadelphia Kixx, formerlyg of the Major Indoor Soccer League. The financially strugglingb MISL disbanded in June with the inten t of restructuring the league and continuing playthis fall. With last week'ss announcement that the Wachovia Spectrum will be torn down in the sprinhgof 2009, the Kixx have started lookinv for a new home nearby -- possibly on a college Keystone Sports was awarded a MLS franchise in February aftert securing county and state support for its which will be part of a $500 million retail, residential and office complex planneds for 60 acres along the Delaware County city'e waterfront.
The MLS soccer team'sa investment group is led by Jay Sugarman, CEO of iStae Financial, and also includes James Nevels, former chairman of the Philadelphia SchoolReforj Commission. Sakiewicz said the $50 million figure used to describe the Premier Partnerships deal represents a conservativ estimate of the revenues anticipated througb a stadium namingrights deal, jersey sponsorships and eight to 12 corporate sponsorship deals. The team is first lookinbg to sign deals with sponsors for the constructionb phase of the soccerstadium project, set to beginj in the fall.
Those partners will have the opportunity to extendr their partnership deals with the team oncethe $115 millioh stadium is completed and games begin. "We thini $50 million is a low Sakiewicz said. Randy Bernstein, presidentf and CEO of Premier Partnerships, agreed. "The incorporation of a multi-purpose stadiu m together withthe $500 million developmenrt along the waterfront will raise the stakes and create the highest corporate sponsorship for a soccer stadium-anchored projectg than any stadium ever before," Bernstein said. Sakiewicz dismissesa talk from academics who argue sports stadiums do not producreeconomic benefits.
"A soccerr stadium is not a panacea," he "but it is an ingredient along with a lot ofdifferent ingredients, that can help kick-start economic development. I'll tell you this, nobodt would be doing anything withthat [Chester waterfront] property if we weren'gt building a soccer stadium there." While the new as-yet-unnameed MLS team is just starting its search for it is already closing in on 5,000 seasonm ticket deposits. "I'm amazed," Sakiewicz said. "At this six months in, I'd have estimated we'd have a couple We don't even have a name yet. We haven't even set our ticket prices.
" What the team does have in its corner isa 2,000-membee fan club called the Sons of Ben. Sakiewicz noted the Atoms and the which represented Philadelphia inthe now-defunct North American Soccer League in the 1970s, didn't have the breadth of soccer fans the region now has. He attributes that to how socceer has exploded in popularity as a youth sporf during the past two The enthusiasm displayed by the Sonsof Ben, which has its own Web site and even createde its own line of apparel, helpe d convince the MSL to award Philadelphiqa an expansion franchise.
Thứ Năm, 18 tháng 8, 2011
Sony Online Entertainment President to Deliver Third Annual Community Address at Fan Faire 2009
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SOE's Fan Faire 2009, running June 25-28, provides a uniquse opportunity for fans to meet theironlinwe game-playing peers in the real world. In Fan Faire guests can try out new and upcomingg games and participate in a varietygof game-themed live events, including quests, panel discussions and tons of great gaming-related This year's massively multiplayer online (MMO) gaming lineul features the hit titles EverQuest(R)II, EverQuest(R) Online Adventures, Free Realms(TM), Star Wars Galaxies(TM) and Vanguard: Saga of Heroes(R). This year's Fan Faire will also feature theupcominv titles, DC Universe Online(TM), The Agency(TM) and more. June 26 at 7 p.m. PDT.
To registed for the webcast, visit: For more information about the SOEFan visit:
SOE's Fan Faire 2009, running June 25-28, provides a uniquse opportunity for fans to meet theironlinwe game-playing peers in the real world. In Fan Faire guests can try out new and upcomingg games and participate in a varietygof game-themed live events, including quests, panel discussions and tons of great gaming-related This year's massively multiplayer online (MMO) gaming lineul features the hit titles EverQuest(R)II, EverQuest(R) Online Adventures, Free Realms(TM), Star Wars Galaxies(TM) and Vanguard: Saga of Heroes(R). This year's Fan Faire will also feature theupcominv titles, DC Universe Online(TM), The Agency(TM) and more. June 26 at 7 p.m. PDT.
To registed for the webcast, visit: For more information about the SOEFan visit:
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