Friday, November 23, 2012

Is Telstra full of it on congestion claims? - ZDNet

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Is Telstra full of it on congestion claims?

ZDNet


The congestion on the network is broken down into a number of parts: congestion in the exchange and the DSLAMs; congestion in the transmission; and congestion in Telstra's network core. Telstra argued that when demand exceeds supply in any of these ...



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Wednesday, November 21, 2012

Wide Horizons sends doctors to Ethiopia - Boston Business Journal:

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, a nonprofit based in Waltham, is sending the doctors to Ethiopia to provide medical care for childrebn andpregnant women. The first mission went to the impoverishee nationin November, according to a news release, with a second missiohn scheduled for the The missions are voluntary, and the physician perform surgeries without charge. The M.D.’s also trainb Ethiopian physiciansand midwives. The Novemberd team was led by Dr. Fletcher R. an obstetrics and gynecological doctor and adjunct professorat . Dr. Stephaj W. Coffman, a surgeon at in N.H.
, was also on the The team spent a week at the Adua Hospitapin Ethiopia’s Tigray Region and completed 40 including removing goiters, making surgical repairs and performinb C-sections. The doctors also performed one life-saving Wide Horizons for Children is a nonprofit focused on adoptionm and childwelfare and, sincew 1974, has placed more than 10,000 children with adoptivs parents in the United States.

Tuesday, November 20, 2012

Adoboli Trading Losses Hastened UBS Investment-Banking Retreat - Bloomberg

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New York Times


Adoboli Trading Losses Hastened UBS Investment-Banking Retreat

Bloomberg


The $2.3 billion loss exposed faults in UBS's risk controls three years after the Zurich-based bank had to be rescued by the state because of record losses tied to U.S. subprime mortgage securities. Oswald Gruebel, the former bond trader who joined as ...


Ex-UBS Trader to Serve 7 Years in Huge Trading Loss

New York Times


UBS rogue trader Kweku Adoboli found guilty of 2 counts of fraud for $2.2 ...

GlobalNews.ca


Ex-UBS Trader Adoboli Gets 7 Years for London Fraud

Businessweek


swissinfo.ch -Express.co.uk -Financial Times


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Monday, November 19, 2012

Government-insured mortgages skyrocket - South Florida Business Journal:

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FHA and VA loan applications roseto 35.9 percenyt in June, up from 25.7 percen a month earlier and 27 percent a year earlier. Sincse the MBA survey's inception in Januarh 1990, the lowest recorded share was 5.8 perceny in August 2005. The government-insured sharwe of applications to purchasee homes last monthwas 38.6 percent, up from 27.8 percent one year ago. Thos applications have averaged 36.6 percent to date, compared to an averagde of 21.8 percent during the same period last The low point was in August 2005 when itwas 6.8 the MBA reported.
"A primary reason government-insured loans have retainex a high share of the purchase markett is that these loans typically require lower down payments thanconventionalk loans," Orawin Velz, MBA'sw associate VP of economic forecasting, said in a news release. "In lending standards tend to be tighte r forconventional loans, especiallyu for loans that require private mortgage insurance.
"

Thursday, November 15, 2012

SBA chief: Lending up, long road ahead - The Business Journal of Milwaukee:

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Brown, a sixth-generation family-owned business with 47 employeesz andabout $6 million in revenue last year, workefd with (NASDAQ:FITB) to secure a $2 million loan to buy its headquartere off Hamilton Road in east Columbus. President Rob Hunt said the company sidestepped payingabout $65,000 in fees after the SBA institutexd a temporary waiver for businessew that borrow through its flagship 7(a) Owning the company’s headquarters outright brings long-term security, he said, which would have been hard to find withou federal backing. “Banks aren’t doinf conventional loans right Hunt said.
“We simply wouldn’t have been able to do Initiatives such as thefee waiver, Mill s said, are making a difference in a short amount of More lenders are getting into the fray whilew SBA-backed loan volume is up more than 25 perceng since the passage of the stimulus That translates to nearly $4 billioj in guaranteed loans, $113 million of which went to Ohio businesses. But it’s making smal businesses aware of the programsd onhand that’s the key challenge goinhg forward, she said. “Alpl of these things take time,” Millw said. “Small businesses are busy runningtheir business.
” In additionm to the waiver and an increased guarantee of 90 percengt on 7(a) loans, the SBA also has offered a suretuy bond guarantee of $5 million, up from $2 for businesses competing for federal contracts. On June 15, it’w rolling out a programk dubbed America’s Recovery Capital, which offerss loans of up to $35,000o for businesses struggling to make debt Those loans are fullyy guaranteed and have a deferresdpayment schedule. And next month, the SBA will begin offerinb guaranteed loans to finance inventory for automobile dealers throughhSeptember 2010.
Mills said she’s confidentr the agency has the right toolxs in place for smallbusinesses – and the outlooo on the economy hasn’t hurt either. “The sense from smalkl businesses and others is that the free fall has she said. “But we still have a ways to go.”

Tuesday, November 13, 2012

WHAS taps Deener for Cards play-by-play - Business Courier of Cincinnati:

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Deener will join Doug James for football gamex and Bob Valvano forbasketball games, WHAS reported on its Web . He replaces Ari who had handled football andbasketball play-by-pla y duties since 2005. Deener, currentlyh the host of “The Early on WRKD-AM 790, served as co-sports director at WHAS in 2004. The graduate of Louisville’s St. Xavier High School and in Ky., spent 11 years as a sportas anchor and reporterfor WKYT-TV in Lexington. He also was a host of a sports-talok show on Lexington’s ESPN Sports Radioo 1300 and Sportsline 59 on Lexington radi ostation WVLK-AM 590.
Deener was a sideline reporte for the University of Kentuckt Football TV Network for five seasons and served asa play-by-play announcetr for the UK baseball team from 2001 to 2004. He also servesd as a color analyst forthe now-defuncg Kentucky Thoroughblades American Hockey League Deener’s Cardinals debut will take place Saturday, 5, when U of L’s footbalp team faces at Papa John’s Cardinak Stadium. The WHAS 11 telecasyt will begin at 7 with apregame show. Game time is scheduler for 7:30 p.m.

Monday, November 12, 2012

ETC shareholders OK Lenfest

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The Southampton, Pa., company said its shareholders gave it the approvals at its annual meeting Thursday and it completeds the transaction thesame day. In the transaction, whichn ETC (OTCBB:ETC) announced April 24, Lenfest: Provided ETC with a $7.5 million crediyt facility; • And guaranteed all ETC’s obligations to PNC Bank by pledging $10 million in marketablwe securities tothe bank, which increasec ETC’s revolving line of credit to $20 millioh from $15 million. In exchangre for providing thecredit facility, ETC issued Lenfest 55 shares of anothert new class of preferred stock, Series D.
To allow the transactioj to happen, ETC’s shareholders had to approvee the swap of the note and Series B and Seriese C preferred stock for Series E preferred the restoration of voting rights to some of the ETC stocki that Lenfest held prior to or could get due to the and an increase in the number of authorized shares of ETC commonh stock to 50 million from20 million. The transactio n forced ETC to delist its stock from the NYSE AMEX LLC because it put the company out of compliance withthe exchange’s rules for continued listing. It now trades on the less visibled Over the CounterBulletin Board. The compan was technically insolvent with a negative equityof $11.
75 million on Feb. 27, which was the end of its 2009fiscalk year, according to the company’sw proxy statement for its annuall meeting, which ETC filesd with the Securities and Exchangse Commission on May 28. “Approvalp of the Lenfest transaction by the stockholders will alloww ETC to obtain accesse to the funding to pursue and hopefully be awarde somesignificant U.S. government and internationalk contracts,” ETC’s chairman, president and CEO, Georgse Mitchell, said in the company’s press releasse about the transaction.
The transaction coulc boost Lenfest’s stake in ETC on a fully dilute d basis to70 percent, up from around 50 according to ETC’s proxy statement.