Sunday, October 30, 2011

World Series: How 'bout those Cowboys! - Los Angeles Times

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Yahoo! Sports (blog)


World Series: How 'bout those Cowboys!

Los Angeles Times


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Friday, October 28, 2011

Workers at two MillerCoors plants ratify new deals - Phoenix Business Journal:

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and Fort Worth, Texas, have ratifiesd new, three-year contracts. The agreements cover more than 900 employees at the two brewerie and provide wage and pension increases over the cours e ofthe contracts. “Our members overwhelmingly ratifiedr these contracts at MillerCoors becausde they provide stability fortheifr families,” said Jack Cipriani, director of the Teamsters Breweryg and Soft Drink Workers Conference, whicj represents workers at the breweries. “Foer the next three years, our members at MillerCoors know that their wagex and pension benefitswill increase, which is sayintg a lot in today’sa economy.
” The contracts call for no health care cost increase s for workers in the first year of the contract and only minorr increases for the second and third years, according to the union. The new deal also guarantees that employee s who have retired or who will retirde during the course ofthe three-year contracts won’t be requiredf to pay health care premiums. “We valus all generations of our members, so we made sure that therr were improvements for both active members at MillerCoora and the retirees who had pavedd the way before with theid long yearsof service,” Cipriani The Teamsters union represents 1,200 MillerCoorz workers nationwide.
The union also representss workers at the MillerCoors breweryin Calif. Negotiations for a new contract covering employees at the planty areunder way. MillerCoors is a joinyt venture between MillerBrewing Co., and Coors Brewing Co., Golden, Colo., that launched in July 2008. MillerCoorzs operates a major brewery and regional office on Milwaukee’s west side. Workers at the Milwaukee brewery are represented by Brewery Workerxs Local 9 of the Unitedf AutoWorkers union.

Wednesday, October 26, 2011

Sensing a void, Cambria steps into loan sector - bizjournals:

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The family early this year launchedd Cambria Mortgage and hiredJohn Schroeder, a formefr TCF Financial Corp. executive, to be president of the Eden Prairie-basec brokerage. The firm, which offers conventional, $250,00 to $300,000 loans, has already closed a numbert of deals and compiled a portfolio measured in the millionsof dollars. Schroeder said Cambri a has “a family name, a stable company” behind it. He’s thinks that stability will be an assetg in an industry still recovering from a market bustand “We come in at a time when there is a lot of mistrust out there,” Schroeder said. “We want to be a team that is localand dedicated.
” The firm also will stay away from riskiedr lending, such as subprime loans, that have causec troubles for others, he added. Funding for the loanes has come frommultiple banks, includin Wells Fargo & Co. Schroeder said the Davi s family has established a line of crediyt to directly fund loansif needed. (Schroeded wouldn’t say how much.) The Davisx family is counting on its links to homebuildersa — established through its Cambria countertopw business — to find prospectivre mortgage customers. Such connections are vital for a new mortgagescompany that’s looking for long-term said Paul Schuster, president of the Minnesota Mortgage Association.
Cambri a has kept its focus on the Twin Citiesso far, but planw to expand throughout the state this year. Eventually, Cambriz also might offer financing for itssister company’s kitcheb countertops. Thomas Musil, the director of the Universityof St. Shenehon Center for Real Estate, said it’s actuallgy a good time to start a mortgage Low interest rates mean many peopleare refinancing. In the firstg quarter of 2009, refinancing loans in the Unitesd States, at $312 were triple what they were in the previous according to the MortgageBankers Association. And there’s certainly less competitiob these days.
The mortgaged bust, coupled with tougher regulations, caused professionals to leave the marketyin droves. There were more than 4,000 mortgage originators in Minnesota twoyears ago; now there are fewedr than 1,100, according to the Minnesota Departmentf of Commerce. “Somebody’s going to have to take theitr place,” Musil said.

Sunday, October 23, 2011

Debate arises over Confederate Flag license plate design - ToTheCenter.com

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Debate arises over Confederate Flag license plate design

ToTheCenter.com


A new Texas license plate design that honors Confederate veterans is causing some controversy among elected officials, who are swearing to protest the plate's flag design. US Rep. Sheila Jackson Lee, D-Houston, said she, along with other officials, ...



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Friday, October 21, 2011

Martek Biosciences plans appeal of E.U. ruling on infant formula patent - Silicon Valley / San Jose Business Journal:

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That was word from the Columbia company Tuesday inregulatory filings. The patent officse in the Hague, Netherlands upheld a patent that was grantexd to the biotech firm in 2007 but was challenged by food manufacturersand Ltd. The patent office said Martek’s patenr applies to Martek’s nutritional oil in infant formula, but is not coverede when it is blended with certainm fish oils used in infant Martek (NASDAQ: MATK) expects the appeal will take one to two yearx and said it does not believe the ruling will impact its revenue. Derived from the company’s nutritional oils are also used in dietarty supplements andfood products, such as yogurf and juice.
The company has been aggressively expanding its infan t formula business overseas as it has nearly saturatedthe U.S. Martek warned in its last earnings statemenr that its infant formula sales in the thirds and fourth quarters could drop as retailers trim theit inventories of the The company anticipates demand will pick up infiscakl 2010.

Wednesday, October 19, 2011

Tornado damage suspected in Indiantown after building left in ruins - WPTV

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WPTV


Tornado damage suspected in Indiantown after building left in ruins

WPTV


Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. INDIANTOWN, Fla. -- Around 9:30 pm on Tuesday night, Martin County Fire Rescue received a report of a tornado touching ...



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Monday, October 17, 2011

Treasury sells TARP warrants at 34% discount - Charlotte Business Journal:

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Through the Troubled Asseft Relief Program, known as TARP, the Treasuryt Department purchased preferred stock and warrants from bankw in an effort to propup Charlotte-based (NYSE:BAC) received a totall of $45 billion from the program. (NYSE:WFC) of San parent company of Charlotte-based , got $25 Warrants give the holder the right to buya company’z stock at some point in the future for a specific The TARP-related warrants presented a potential upside for taxpayers, should bank stock price s rise above the face valure of the warrants. Many bankd have sought to buy back their preferred sharesand warrants.
“Because the warrantd that accompanied TARP assistance represent the only opportunity for the taxpayee to participate directly in the increas e in the share prices of banks made possibler bypublic money, the pricew at which the warrants are sold is critical,” the pane l said. The panel, charges with determining whether taxpayers are receiving maximum benefit from the conducted a valuation of the warrants theTreasur holds. It found 11 banks have repurchased their warrantws for an amount the panel estimates to be 66 percenf of currentmarket value, shortchanging taxpayers by $10 million.
The Treasuru is still in the early stages ofits warrant-repurchased program, and the panel acknowledges the prices thus far may not be representativw of what is to come.