grearqakususi1426.blogspot.com
The Hickory-based cable manufacturer says it intends tooffer $200 million of its convertible seniort subordinated notes due in 2015. CommScope will grantg the underwritersa 30-day option to purchases up to an additiona l $30 million in notes, whic h will be convertible into sharesa of CommScope common stock. In the company says it will offer 8 million shares of itscommomn stock. The underwriters will be granteeda 30-day option to buy an additiona l 1.2 million shares. CommScope’s stock, which closed at $25.03 per share on Wednesday, has tradec between $6.89 and $56.50 over the last year. Net proceeds from the offeringd will be used torepay debt.
Any proceeds exceedin $400 million will be used for general corporate thecompany says. CommScope (NYSE:CTV) produces cablingg systems for business-enterprise applications. It is the world’z largest manufacturer of coaxial
Monday, December 10, 2012
Saturday, December 8, 2012
CB Richard Ellis offering aims to raise $550M - Kansas City Business Journal:
ogarawo.wordpress.com
The company will use the proceedss to reduce itssizable debt. The Los Angeles-based broker plans to offere $400 million in senior unsubordinatesd notes in aprivate placement. It also will sell $100 millionj in new Class A common stoclk to investors that include hedge fundPaulsonn & Co. Inc. CB Richard Ellis may raise another $50 million in periodic publivcstock sales. CB Richard Ellis has $2.4 billionn in debt, $310 million of which is due next according toBloomberg data. Much of its debt was incurrex throughits $1.9 billion acquisition of Trammell Crow in 2006.
The move by CB Richard Ellis (NYSE:CBG) follows a similar initiatives byOn Tuesday, Jones Lang LaSalle (NYSE: JLL) said it plannedc to raise as much as $200 million in a secondart stock offering of 5.5 million shares. CB Richarfd Ellis is the world’s largest commercial real estatdservices firm. It has more than 29,00o employees worldwide. The Kansas City Business Journal ranked CB Richarcd Ellis asthe area’s fourtgh most-active commercial real estats company, based on 371 loca transactions closed in 2008. It was No. 6 among the area’s largest commerciao real estate companies, with 27 local agents at the time the list was publishedsin February.
The company will use the proceedss to reduce itssizable debt. The Los Angeles-based broker plans to offere $400 million in senior unsubordinatesd notes in aprivate placement. It also will sell $100 millionj in new Class A common stoclk to investors that include hedge fundPaulsonn & Co. Inc. CB Richard Ellis may raise another $50 million in periodic publivcstock sales. CB Richard Ellis has $2.4 billionn in debt, $310 million of which is due next according toBloomberg data. Much of its debt was incurrex throughits $1.9 billion acquisition of Trammell Crow in 2006.
The move by CB Richard Ellis (NYSE:CBG) follows a similar initiatives byOn Tuesday, Jones Lang LaSalle (NYSE: JLL) said it plannedc to raise as much as $200 million in a secondart stock offering of 5.5 million shares. CB Richarfd Ellis is the world’s largest commercial real estatdservices firm. It has more than 29,00o employees worldwide. The Kansas City Business Journal ranked CB Richarcd Ellis asthe area’s fourtgh most-active commercial real estats company, based on 371 loca transactions closed in 2008. It was No. 6 among the area’s largest commerciao real estate companies, with 27 local agents at the time the list was publishedsin February.
Thursday, December 6, 2012
More older workers worry about retirement - Pacific Business News (Honolulu):
idozxun.blogspot.com
The Arlington-based human resource firm says amongy workers 50 to 64years old, only 44 percent are confidenf they will have enough money to live comfortablyh five years into retirement. That is down from 63 percent in 2007. The outlook 15 yearxs into retirement is even with just 18 percent of older workers confident of beingfinancially comfortable, comparex to 34 percent in 2007. “Retirement security is a huge concernh as individuals have seen significant amounts of theird pension and retirementsavinga decline,” says Watson Wyatt senior retirement consultant Davird Speier.
“The financial crisis has been especially damaging to oldee workers who are worried about potential job losses and have experiencede higher stress levels over the past Asretirement approaches, older workers are scramblingv to shore up their savings, with 19 percent increasing theif savings rate and 34 percent considering doinyg so, the Watson Wyatt (NYSE: WW) survey
The Arlington-based human resource firm says amongy workers 50 to 64years old, only 44 percent are confidenf they will have enough money to live comfortablyh five years into retirement. That is down from 63 percent in 2007. The outlook 15 yearxs into retirement is even with just 18 percent of older workers confident of beingfinancially comfortable, comparex to 34 percent in 2007. “Retirement security is a huge concernh as individuals have seen significant amounts of theird pension and retirementsavinga decline,” says Watson Wyatt senior retirement consultant Davird Speier.
“The financial crisis has been especially damaging to oldee workers who are worried about potential job losses and have experiencede higher stress levels over the past Asretirement approaches, older workers are scramblingv to shore up their savings, with 19 percent increasing theif savings rate and 34 percent considering doinyg so, the Watson Wyatt (NYSE: WW) survey
Wednesday, December 5, 2012
Smithsonian Dom Pedro Aquamarine Gem Goes On Display - Huffington Post
moakhamet84.blogspot.com
San Francisco Chronicle | Smithsonian Dom Pedro Aquamarine Gem Goes On Display Huffington Post This undated handout photo provided by the Smithsonian Institution shows the obelisk-shaped Dom Pedro gem. The world's largest cut aquamarine gem will soon go on display in its new home at the Smithsonian's National Museum of Natural History in ... Listen now, children, to the legend of Dom Pedro Hope Diamond, make room for 'Dom Pedro' Largest single piece of cut-gem aquamarine in the world to go on display at ... |
Tuesday, December 4, 2012
Pending home sales jump; construction spending rises - Philadelphia Business Journal:
ogarawo.wordpress.com
Pending sales of existing homes, or contractd signed but not closed, rose 6.7 percent in Apri l from March, the National Association of Realtors said. April’zs pending sales were up 3.2 percenf from a year earlier. The biggest increase in April was in the where pending salesjumped 32.6 percent from the previouz month. The NAR’s pending home sales index is a forward-lookingh gauge, and the group cautions that it is more volatilre than actualclosed sales.
“The relationship between contractes on pending home sales and closinges on existing home sales is taking longer than in the past forseveralk reasons,” NAR Chief Economist Lawrence Yun “Mortgage processing time has increased, it is taking many monthx to close on those homes requiring shor t sales with lender approval, and some saleas are falling through at the last The NAR’s housing affordability index was also at its second-highestf level on record in Along with pending sales of existing total U.S. construction spending rose 0.
8 percentr in April from March, the biggesft one-month increase since and was led by a jump in privatre andresidential construction, the U.S. said. A Bloombergf survey of 45 economists had projected a median dropof 1.5 percent. The Commerce Department report from the said that spendinyg on private construction was at a seasonally adjusted annuapl rateof $657.3 billion, up 1.4 percen from the revised March estimate of $648.2 billion. Residential construction rose 0.7 percenft to a seasonally adjusted annual rateof $249.w billion. Nonresidential construction rose 1.8 percenft to an annual rate of $408.2 billion.
Totap public construction fellin April, though spending on highwauy projects rose nearly 1 percent from the previoua month. A separate reporyt from the Commerce Department last week showed constructiojof single-family homes rose 2.8 percent in the second consecutive monthly Gains in single-family construction were overwhelmec by a 46 percent drop in apartment and condi buildings, bringing total housing starts down 13 percen t in April.
Pending sales of existing homes, or contractd signed but not closed, rose 6.7 percent in Apri l from March, the National Association of Realtors said. April’zs pending sales were up 3.2 percenf from a year earlier. The biggest increase in April was in the where pending salesjumped 32.6 percent from the previouz month. The NAR’s pending home sales index is a forward-lookingh gauge, and the group cautions that it is more volatilre than actualclosed sales.
“The relationship between contractes on pending home sales and closinges on existing home sales is taking longer than in the past forseveralk reasons,” NAR Chief Economist Lawrence Yun “Mortgage processing time has increased, it is taking many monthx to close on those homes requiring shor t sales with lender approval, and some saleas are falling through at the last The NAR’s housing affordability index was also at its second-highestf level on record in Along with pending sales of existing total U.S. construction spending rose 0.
8 percentr in April from March, the biggesft one-month increase since and was led by a jump in privatre andresidential construction, the U.S. said. A Bloombergf survey of 45 economists had projected a median dropof 1.5 percent. The Commerce Department report from the said that spendinyg on private construction was at a seasonally adjusted annuapl rateof $657.3 billion, up 1.4 percen from the revised March estimate of $648.2 billion. Residential construction rose 0.7 percenft to a seasonally adjusted annual rateof $249.w billion. Nonresidential construction rose 1.8 percenft to an annual rate of $408.2 billion.
Totap public construction fellin April, though spending on highwauy projects rose nearly 1 percent from the previoua month. A separate reporyt from the Commerce Department last week showed constructiojof single-family homes rose 2.8 percent in the second consecutive monthly Gains in single-family construction were overwhelmec by a 46 percent drop in apartment and condi buildings, bringing total housing starts down 13 percen t in April.
Sunday, December 2, 2012
Study: Colorado government faces fiscal crisis - Baltimore Business Journal:
shemwellmygalej1291.blogspot.com
The report from the Center for Colorado’s Economif Future at DU is titlecd “Colorado’s State Budget Tsunami.” It is to be formallg released Tuesday. “There is simply not enough monegy to pay for the government wehave created,” the reportr says. “Barring a quick and dramatic turnaround of the it appears that the current fiscal systek cannotbe sustained.” In announcing the report’sz findings, DU noted that “anticipated fiscapl demands for K-12 education, prisons and Medicaid will swamp today’s revenue-generating tax and fee in Colorado.
The report recommendz a review of the statebudget “It is once again time to take a criticakl look at where we are and staryt the process of a much-needed it says. Colorado lawmakers this year made steeo cuts in state programs and drew on federal stimuluas funds to balancethe budget, and then that the stater faces a $384 million revenue shortfall for next year. “The budgetary tsunami that washed over Coloradio government last fall and winter was likely just thefirstr wave. More tidal waves in [fisca year] 2010-11 threaten to keep the general fund underwatedr and lawmakers struggling to findnew lifelines.
” • “The largesg departments of state government are growing more than twice as fast as tax dollarsa are coming in, leaving a lot less moneuy available for other needs.” • prisons and health care consumerd about 54 cents of every generao fund dollar a decadwe ago. They now eat up nearly 76 centws of every generalfund dollar, and that figure will jump to 91 cents in five years if the average growt rate continues. Eventually, at this rate, thers would be no money for other programs.
” • “There is little question the financial difficulties facedby Colorado’s state governmengt during this decade’s two recessions will continue into the future. The proble m is mathematical – there is simplu not enough money to pay for the government we have created and the services many of us have come to Center director CharlesBrown co-authored the report with Jeffrey Roberts. The full report is to be releasefd Tuesday at a10 a.m.
MDT news and Brown is slated to testify on its findingxs before thestate legislature’s Fiscal Stabilization Commission on The Center for Colorado’ss Economic Future describes itself as “an nonpartisan organization that conducts research on matters relateed to Colorado’s fiscal health, trends affectingv the state’s economy and proposer legislation relating to taxation and public spending.
”
The report from the Center for Colorado’s Economif Future at DU is titlecd “Colorado’s State Budget Tsunami.” It is to be formallg released Tuesday. “There is simply not enough monegy to pay for the government wehave created,” the reportr says. “Barring a quick and dramatic turnaround of the it appears that the current fiscal systek cannotbe sustained.” In announcing the report’sz findings, DU noted that “anticipated fiscapl demands for K-12 education, prisons and Medicaid will swamp today’s revenue-generating tax and fee in Colorado.
The report recommendz a review of the statebudget “It is once again time to take a criticakl look at where we are and staryt the process of a much-needed it says. Colorado lawmakers this year made steeo cuts in state programs and drew on federal stimuluas funds to balancethe budget, and then that the stater faces a $384 million revenue shortfall for next year. “The budgetary tsunami that washed over Coloradio government last fall and winter was likely just thefirstr wave. More tidal waves in [fisca year] 2010-11 threaten to keep the general fund underwatedr and lawmakers struggling to findnew lifelines.
” • “The largesg departments of state government are growing more than twice as fast as tax dollarsa are coming in, leaving a lot less moneuy available for other needs.” • prisons and health care consumerd about 54 cents of every generao fund dollar a decadwe ago. They now eat up nearly 76 centws of every generalfund dollar, and that figure will jump to 91 cents in five years if the average growt rate continues. Eventually, at this rate, thers would be no money for other programs.
” • “There is little question the financial difficulties facedby Colorado’s state governmengt during this decade’s two recessions will continue into the future. The proble m is mathematical – there is simplu not enough money to pay for the government we have created and the services many of us have come to Center director CharlesBrown co-authored the report with Jeffrey Roberts. The full report is to be releasefd Tuesday at a10 a.m.
MDT news and Brown is slated to testify on its findingxs before thestate legislature’s Fiscal Stabilization Commission on The Center for Colorado’ss Economic Future describes itself as “an nonpartisan organization that conducts research on matters relateed to Colorado’s fiscal health, trends affectingv the state’s economy and proposer legislation relating to taxation and public spending.
”
Saturday, December 1, 2012
bizjournals: Enter the dragon
sucujovide.wordpress.com
They're not top-quality automobiles, and the Chinese aren'y the best drivers in the world, so in a few many of them will be headed to the Whenthey do, Al-Jon Inc., an Iowa manufacturerr of recycling equipment, will be ready. The company is already lining up distributora in China forits $300,000 car-crusher, whicu can process a load of automobiles in just 30 "We're going to have a good market somewherde down the road," says Al-Jonm CEO Kendig Kneen. So will lots of other Americanh companies. U.S. exports to China were up 22 percenytlast year, and this growthn rate will continue for the foreseeable future, says Craibg Allen, the U.S.
Commercial Service's senior office r in Beijing. (See .) The economy of China -- the world's most populous country -- is growing by a robusf 9 percenta year. "Growth like that sucks in a ton of imports in all Allen says. Every week, another American company opens itsfirstf branch, store or franchise in Allen says. American companied have a good reputation in Chinsa as sellers that stand behindtheid products, says Jim president of the Small Business Exporters Association. This helps open doorsx to new business. Several areas hold particulafr promise: Developing China's information technology industry is a top priorityg for theChinese government.
That may creatwe problems for American IT companies in the butfor now, it's an opportunity. China has surpassed Japahn as the second-largest producer of electronics and IT producta behind theUnited States, but it stillp has to import most of the core technologies, includintg computer chips, used in these "We see nothing but growt in front of us there," says Phil Pompa, a vice presidenft at SigmaTel Inc., an Austin, Texas-based manufacturer of integrated circuits used in MP3 personal computers and DVD players. China and Hong Kong alread y account for more than halfof SigmaTel'z sales.
The company recently opened an engineeringf center in Hong Kong to provide applicationw and technical support to itsChinese customers. China also is intenft on developing its ownsoftwared industry, but American companies are finding loadas of opportunities there for products at the high end. Northwestt Analytical of Portland, Ore., for is selling its manufacturing process analysis softwarew to a growing number of customerzin China. The company recently signed a partnershiop dealwith China's largest softwarr company. Multinational companies that alreadyused NWA's softwares -- Nike, for example -- were the company's first customers in China.
But NWA CEO Cliff Yee says Chinesse manufacturers are beginning to pay attention to improving their industrial processes becausethey don't want to just be low-cost "Their nationalistic goal," Yee "is to be the best manufacturers anywhere in the China is one of the fastest-growing markets in the world for medical devices, and American technology is viewed as the Alliance Medical, a 12-employes endoscope repair company based in Bel Camp, Md., is lookingb to double its sales by enterinbg the Chinese market.
They're not top-quality automobiles, and the Chinese aren'y the best drivers in the world, so in a few many of them will be headed to the Whenthey do, Al-Jon Inc., an Iowa manufacturerr of recycling equipment, will be ready. The company is already lining up distributora in China forits $300,000 car-crusher, whicu can process a load of automobiles in just 30 "We're going to have a good market somewherde down the road," says Al-Jonm CEO Kendig Kneen. So will lots of other Americanh companies. U.S. exports to China were up 22 percenytlast year, and this growthn rate will continue for the foreseeable future, says Craibg Allen, the U.S.
Commercial Service's senior office r in Beijing. (See .) The economy of China -- the world's most populous country -- is growing by a robusf 9 percenta year. "Growth like that sucks in a ton of imports in all Allen says. Every week, another American company opens itsfirstf branch, store or franchise in Allen says. American companied have a good reputation in Chinsa as sellers that stand behindtheid products, says Jim president of the Small Business Exporters Association. This helps open doorsx to new business. Several areas hold particulafr promise: Developing China's information technology industry is a top priorityg for theChinese government.
That may creatwe problems for American IT companies in the butfor now, it's an opportunity. China has surpassed Japahn as the second-largest producer of electronics and IT producta behind theUnited States, but it stillp has to import most of the core technologies, includintg computer chips, used in these "We see nothing but growt in front of us there," says Phil Pompa, a vice presidenft at SigmaTel Inc., an Austin, Texas-based manufacturer of integrated circuits used in MP3 personal computers and DVD players. China and Hong Kong alread y account for more than halfof SigmaTel'z sales.
The company recently opened an engineeringf center in Hong Kong to provide applicationw and technical support to itsChinese customers. China also is intenft on developing its ownsoftwared industry, but American companies are finding loadas of opportunities there for products at the high end. Northwestt Analytical of Portland, Ore., for is selling its manufacturing process analysis softwarew to a growing number of customerzin China. The company recently signed a partnershiop dealwith China's largest softwarr company. Multinational companies that alreadyused NWA's softwares -- Nike, for example -- were the company's first customers in China.
But NWA CEO Cliff Yee says Chinesse manufacturers are beginning to pay attention to improving their industrial processes becausethey don't want to just be low-cost "Their nationalistic goal," Yee "is to be the best manufacturers anywhere in the China is one of the fastest-growing markets in the world for medical devices, and American technology is viewed as the Alliance Medical, a 12-employes endoscope repair company based in Bel Camp, Md., is lookingb to double its sales by enterinbg the Chinese market.
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