http://lantatwinbay.com/83/dutch-ban-segways/
Only three of 20 Apripl indicators registered improvementfrom year-ago levels, matching the numbe r of upward-pointing indicators recorded in March, the MMAC said in its Economicc Trends report. "The employmenr situation continued to deteriorate with deepening job declines and unemployment indicators over double what they were oneyear ago," said Bret economic research director for the "But metro area existing homes sales rose for only the second time in nearluy three years giving some hope for near-terj improvement in a stagnanf local housing and real estate market." Nonfarmj employment in the metro area fell 4.8 perceny in April to 812,300, down from March’se 4.
3 percent decrease. Employment levels have now declined comparedxwith year-ago levels in each of the past 12 with April’s decline being the steepest registered in this the MMAC said. Only two of 10 major industryh sectors registered April job gaina compared with oneyear ago, whilde eight registered declines. Unemployment indicators for the metrlo area both measured more than twicetheirf year-earlier levels. The number of unemployed in metro Milwaukeerose 117.6%% against year-ago levels, to 70,300 comparedr with 32,300 in April 2008. Likewise, new unemploymenrt compensation claims rose ata 104.
6 percent rate in April to 12,101, this indicator’s third consecutive year-over-year increase of 100 percent or greater. On the positive side, existing homes salee for the metro arearose 5.6 percent in the first year-over-year increase in this indicator in sevej months and only the second such gain in nearl three years.
Thursday, March 31, 2011
Tuesday, March 29, 2011
Blue Cross Ga. hit with class action suit - Atlanta Business Chronicle:
ishinlyuboqemija.blogspot.com
The suit alleges Blue Cross Georgia has discouragesd visitsto out-of-network providers by reimbursing procedures at a tiny fractioh of “usual and customary” charges. Blue Crosw Georgia spokeswoman Cheryl Monkhouse dismissed the allegationsx as being without merit and said the insurer plansdto “defend the suit vigorously.” Blue Crosw Georgia “is committed to providing appropriate reimbursement for out-of-networ services, while at the same time protectin its members and group customers against excessive charges by some non-participatingb providers,“ Monkhouse said. The suit is similar to one filee earlier this year by a dialysis providere againstBlue Cross.
That suit was dismissed. The new suit, filed against and Blue Cross and Blue Shield of alleges Blue Cross members paid highee premiums in exchange for the flexibility to receive coverages for care from providers who are not part ofthe plan’sz preferred network. Blue Cross Georgia has targeteddthese out-of-network providers, including ambulatorty surgery centers, “for a drastic and unprecedentedd slash in reimbursement to a mere fraction of usual and customart charges,” the suit claims. Thesew actions violate federal and state laws protecting patientseand providers, as well as Blue Crosws Blue Shield’s contracts, the suit claims.
Blue Crosx has cut its reimbursementto out-of-network surgery centerss by about 80 said Leigh Martin May, attorney with the plaintiff’sx firm, . Blue Cross “has slashed reimbursemenyt ratesto non-member surgery centers makinv it impossible for their insureds to receive the benefits they are payingf for,” May said. “[The is charging for a service it has effectively BCBS should honor the contracts they have made withtheit insureds.
” Plaintiffs are seeking monetary damages -- which, May could run into the “eight figures” -- for Blue Cross Georgia’s alleged failure to pay the contracted reimbursement rate and they are asking the court to force Blue Cross Georgia to honor its Earlier this year, Nashville, Tenn.-based National Renal Alliancde filed a lawsuit against Blue Cross claiming the insurer slashed reimbursemenrt rates for out-of-network dialysis services by 88 percent. National Renalo Alliance was acquired by RenalAdvantage Inc. last year.
In a federal court judge in Atlanta dismissed the sayingBlue Cross’ decision to amend its reimbursemeng rates for dialysis performedr at out-of-network facilities like the Alliance’s did not violate the act’s provisions that prohibit insurers from discriminating against individuale with end-stage renal disease.
The suit alleges Blue Cross Georgia has discouragesd visitsto out-of-network providers by reimbursing procedures at a tiny fractioh of “usual and customary” charges. Blue Crosw Georgia spokeswoman Cheryl Monkhouse dismissed the allegationsx as being without merit and said the insurer plansdto “defend the suit vigorously.” Blue Crosw Georgia “is committed to providing appropriate reimbursement for out-of-networ services, while at the same time protectin its members and group customers against excessive charges by some non-participatingb providers,“ Monkhouse said. The suit is similar to one filee earlier this year by a dialysis providere againstBlue Cross.
That suit was dismissed. The new suit, filed against and Blue Cross and Blue Shield of alleges Blue Cross members paid highee premiums in exchange for the flexibility to receive coverages for care from providers who are not part ofthe plan’sz preferred network. Blue Cross Georgia has targeteddthese out-of-network providers, including ambulatorty surgery centers, “for a drastic and unprecedentedd slash in reimbursement to a mere fraction of usual and customart charges,” the suit claims. Thesew actions violate federal and state laws protecting patientseand providers, as well as Blue Crosws Blue Shield’s contracts, the suit claims.
Blue Crosx has cut its reimbursementto out-of-network surgery centerss by about 80 said Leigh Martin May, attorney with the plaintiff’sx firm, . Blue Cross “has slashed reimbursemenyt ratesto non-member surgery centers makinv it impossible for their insureds to receive the benefits they are payingf for,” May said. “[The is charging for a service it has effectively BCBS should honor the contracts they have made withtheit insureds.
” Plaintiffs are seeking monetary damages -- which, May could run into the “eight figures” -- for Blue Cross Georgia’s alleged failure to pay the contracted reimbursement rate and they are asking the court to force Blue Cross Georgia to honor its Earlier this year, Nashville, Tenn.-based National Renal Alliancde filed a lawsuit against Blue Cross claiming the insurer slashed reimbursemenrt rates for out-of-network dialysis services by 88 percent. National Renalo Alliance was acquired by RenalAdvantage Inc. last year.
In a federal court judge in Atlanta dismissed the sayingBlue Cross’ decision to amend its reimbursemeng rates for dialysis performedr at out-of-network facilities like the Alliance’s did not violate the act’s provisions that prohibit insurers from discriminating against individuale with end-stage renal disease.
Sunday, March 27, 2011
Conn. man to be sentenced for harassing actress - San Francisco Chronicle
antoninahubihe.blogspot.com
Conn. man to be sentenced for harassing actress San Francisco Chronicle A Connecticut man who harassed actress Rose McGowan in Twitter posts and calling her cell phone is set to be sentenced to probation as part of a plea deal. Thirty-six-year-old Louis Santo is scheduled to be sentenced Monday in Derby Superior Court to ... |
Saturday, March 26, 2011
Northern Virginia home sales up 5% - Washington Business Journal:
exceeding-commissioner.blogspot.com
During the month, 1,803 homes were sold in the which includes the cities of Fairfax and Falls Churc h as well as the counties of Fairfadxand Arlington, according to Rockville-based market research firm In the same montuh in 2008, the number of homes sold was 1,724. The mediaj sale price of a home in the area fell 7 percenft in Mayto $375,000, according to D.C. home sales did not do as well last There were 484units sold, down 9 percen from 533 homes sold in the same month last The median sale price dropped 10 percent, from $440,000 in May 2008 to $394,95o0 last month. Units spent an average of 91 or 13 more on the market last monty overMay 2008.
Units on the Norther Virginia market, however, are being snappedc up faster than last Homes are spending an average of 76 days on the or 13 less days than the same perioxd ayear ago. In Fairfax County, 1,3311 homes were sold in May. That is up 4 percen compared with ayear ago. The mediah sale price dipped nearly 10 percentto $360,0000 last month. In Arlington the median sale price was up 11 percengtto $469,000 and 239 homes were sold — up nearly 5 percent from the same monthh a year ago. Prince Williamj County experienced a 4 percengt increase in sales of753 homes, compared with 724 homezs sold in May 2008. The mediab sale price was down nearluy 19 percentto $207,777.
Units spent an averagre of 78 days, or 50 less days on the than inMay 2008. Prince George’s County home salea were up 28 percent, with 494 units sold last The median sale price was down 21 percenytto $224,900, but homes spent, on average, 33 more days on the marketr than they did in May 2008. Montgomery County home salex last month totaled874 units. The median sale price was down 13 percentto $358,117, and homes spent, on two more days on the market than they did in May 2008.
During the month, 1,803 homes were sold in the which includes the cities of Fairfax and Falls Churc h as well as the counties of Fairfadxand Arlington, according to Rockville-based market research firm In the same montuh in 2008, the number of homes sold was 1,724. The mediaj sale price of a home in the area fell 7 percenft in Mayto $375,000, according to D.C. home sales did not do as well last There were 484units sold, down 9 percen from 533 homes sold in the same month last The median sale price dropped 10 percent, from $440,000 in May 2008 to $394,95o0 last month. Units spent an average of 91 or 13 more on the market last monty overMay 2008.
Units on the Norther Virginia market, however, are being snappedc up faster than last Homes are spending an average of 76 days on the or 13 less days than the same perioxd ayear ago. In Fairfax County, 1,3311 homes were sold in May. That is up 4 percen compared with ayear ago. The mediah sale price dipped nearly 10 percentto $360,0000 last month. In Arlington the median sale price was up 11 percengtto $469,000 and 239 homes were sold — up nearly 5 percent from the same monthh a year ago. Prince Williamj County experienced a 4 percengt increase in sales of753 homes, compared with 724 homezs sold in May 2008. The mediab sale price was down nearluy 19 percentto $207,777.
Units spent an averagre of 78 days, or 50 less days on the than inMay 2008. Prince George’s County home salea were up 28 percent, with 494 units sold last The median sale price was down 21 percenytto $224,900, but homes spent, on average, 33 more days on the marketr than they did in May 2008. Montgomery County home salex last month totaled874 units. The median sale price was down 13 percentto $358,117, and homes spent, on two more days on the market than they did in May 2008.
Thursday, March 24, 2011
Metro seeks more control of convention center leadership - Atlanta Business Chronicle:
http://zonefranche.com/details-actus-zf.php?id_news=932
Metro councilors Rod Park and Rex Burkholder will introducre a measure next week giving the council authorityg over individuals who lead the Metropolitan ExpositionRecreation Commission. The motiom comes after Metro Council President David Bragdon criticized the performance of MERC General ManageerDavid Woolson. Councilors want to oversee the hiring, salaryh changes and employment statusof MERC’s top executive, accordingf to a letter Park and Burkholder sent to Don who chairs the commission. Trotte and other commissioners currently oversee the positiob and have given Woolsonh good marks during his firstg threejob reviews.
The council will consider the motion at its June 11 In a March 31 letter to the commissio regardingthe group’s budget requests, Bragdojn questioned both Woolson’s leadershio as well as the agency’s higher Woolson’s office spent $470,568 during the 2007-08 fiscal year. The numbet jumped to $838,803 for the currenft year. Woolson requested $877,808 for the 2009-109 fiscal year.
However, in a letter dated March 12, 2009 to Bragdon from Metro finance and administrative services directorMargoi Norton, Woolson says the cost increases are "primarilty the result of a reorganization of the public affaire function and the cost and creation of a businesw development capability." Specifically, MERC's public affairs managedr and public affairs coordinator were "reclassified" to a director of communicationsd and a director of businesss and community development. Woolson goes on to statew that additional resources for goods and servicesx for the positionsincluded "advertising, sponsorships...
and other general office expenses in ordetr to have a more effective effortg in this area." In the same letter, Woolsonm says the numbers alone don't paint an accurates picture because of unfilled positione in earlier budgets. Bragdon also said Woolson movecd his office downtown and boosted consulting travel costs and other expensedlast year. He also collectes “large raises” that, by increasinvg his salary to $184,000, make him more highly paid than his MERC moved downtown from the convention centerlast year. It occupies space in the Portlanc Center for thePerforming Arts, 1111 S.W.
MERC, which operates the building, pays no rent for the One of theMERC Commission's goals was to increas e the organization's downtown presence. MERC's board approvesd Woolson's pay raises. The board said last year that Woolsomn “has accomplished (an) enormous amountr of work and inspired He has quickly detected problems and has move to alleviate or fix There appears to be a new energyuat MERC.” Metro’s annual budget is $40 Woolson is the agency’s highest-pai employee.
Metro councilors Rod Park and Rex Burkholder will introducre a measure next week giving the council authorityg over individuals who lead the Metropolitan ExpositionRecreation Commission. The motiom comes after Metro Council President David Bragdon criticized the performance of MERC General ManageerDavid Woolson. Councilors want to oversee the hiring, salaryh changes and employment statusof MERC’s top executive, accordingf to a letter Park and Burkholder sent to Don who chairs the commission. Trotte and other commissioners currently oversee the positiob and have given Woolsonh good marks during his firstg threejob reviews.
The council will consider the motion at its June 11 In a March 31 letter to the commissio regardingthe group’s budget requests, Bragdojn questioned both Woolson’s leadershio as well as the agency’s higher Woolson’s office spent $470,568 during the 2007-08 fiscal year. The numbet jumped to $838,803 for the currenft year. Woolson requested $877,808 for the 2009-109 fiscal year.
However, in a letter dated March 12, 2009 to Bragdon from Metro finance and administrative services directorMargoi Norton, Woolson says the cost increases are "primarilty the result of a reorganization of the public affaire function and the cost and creation of a businesw development capability." Specifically, MERC's public affairs managedr and public affairs coordinator were "reclassified" to a director of communicationsd and a director of businesss and community development. Woolson goes on to statew that additional resources for goods and servicesx for the positionsincluded "advertising, sponsorships...
and other general office expenses in ordetr to have a more effective effortg in this area." In the same letter, Woolsonm says the numbers alone don't paint an accurates picture because of unfilled positione in earlier budgets. Bragdon also said Woolson movecd his office downtown and boosted consulting travel costs and other expensedlast year. He also collectes “large raises” that, by increasinvg his salary to $184,000, make him more highly paid than his MERC moved downtown from the convention centerlast year. It occupies space in the Portlanc Center for thePerforming Arts, 1111 S.W.
MERC, which operates the building, pays no rent for the One of theMERC Commission's goals was to increas e the organization's downtown presence. MERC's board approvesd Woolson's pay raises. The board said last year that Woolsomn “has accomplished (an) enormous amountr of work and inspired He has quickly detected problems and has move to alleviate or fix There appears to be a new energyuat MERC.” Metro’s annual budget is $40 Woolson is the agency’s highest-pai employee.
Tuesday, March 22, 2011
US Introducing Gay Rights Doc at UN - Advocate.com
LG LP0910WNR
Washington Times | US Introducing Gay Rights Doc at UN Advocate.com The declaration, which will be announced Tuesday at the Human Rights Council in Geneva, has the support of more than 80 countries, according to the Associated Press. The document demands that countries end persecution of gay people and asks the UN to ... Obama Administration Introduces Statement In Support Of LGB Rights Obama admin introduces gay rights declaration at UN |
Sunday, March 20, 2011
Friday, March 18, 2011
Regulators order SouthBank to consider sale or merger - Jacksonville Business Journal:
Air Purifiers Norfolkd
The Office of Thrift Supervision (OTS) signed the supervisory agreement with SouthBank onMay 21. On the same day, it signes a separate supervisory agreement with itsholdingh company, Huntsville, Ala.-based Commonwealth Savingshares and a more serious cease and desistg order with its sister institution, SouthBank of The Palm Beach Gardens-based bank only had $24.65 million in assets as of March 31. It had capitao ratios in excess ofregulatory requirements. The OTS agreementy said the bank failed to comply with the requirements of laws and thoughit didn’t specify which ones, and failer in the areas of risk management, operational managementr and correcting deficiencies.
It told the bank it must submit a plan to becomre viable asa stand-alone withour depending on its sisterf institution or parent holding company. The orde r also placed restrictions onthe bank’s growthu and the hiring of executive Danny Wiginton, the chairman and CEO of both did not immediately return a call seekinh comment.
The Office of Thrift Supervision (OTS) signed the supervisory agreement with SouthBank onMay 21. On the same day, it signes a separate supervisory agreement with itsholdingh company, Huntsville, Ala.-based Commonwealth Savingshares and a more serious cease and desistg order with its sister institution, SouthBank of The Palm Beach Gardens-based bank only had $24.65 million in assets as of March 31. It had capitao ratios in excess ofregulatory requirements. The OTS agreementy said the bank failed to comply with the requirements of laws and thoughit didn’t specify which ones, and failer in the areas of risk management, operational managementr and correcting deficiencies.
It told the bank it must submit a plan to becomre viable asa stand-alone withour depending on its sisterf institution or parent holding company. The orde r also placed restrictions onthe bank’s growthu and the hiring of executive Danny Wiginton, the chairman and CEO of both did not immediately return a call seekinh comment.
Tuesday, March 15, 2011
Balsillie could face $100 million relocation fee for Phoenix Coyotes - Los Angeles Business from bizjournals:
Amcor UCHWH09AF2
That would be on top of his offedof $213 million for the financiallty troubled hockey team to Coyotes owner Jerry Moyes. U.S. Bankruptcy Court Judge Redfield Baum is heariny arguments Tuesday on whether the Coyotes can move to Canada as part of theie Chapter 11 bankruptcy Baum is not expected to rule on thematte Tuesday, but focused on rights and some kind of relocatioh fee to reimburse the league for its lost expansion team opportunityh in Hamilton should the Coyotes move The $100 million figure was cited in courtt documents. NHL Commissioner Gary Bettman declined to comment outside the downtown Phoenix bankruptcuy court onthe $100 million or what a relocatiojn fee might entail.
The NHL and other pro sports leagued are fighting the Coyotes move saying it could prompt othed teams to file bankruptcy in an attempt to move toothee markets. Baum, however, noted that movez by the Baltimore Colts, San Diegop Clippers and others have not hada long-terjm detrimental impact on pro sports. NHL representativesw said Tuesday that the league will continue to fund the Coyotea through next season ifneed be, and its priorityu is an ownership group that woule keep the team in Arizona. If that’s not then bidders looking to move the team couldcbe considered, officials said.
Balsillie contends that NHL hockeuy is not financially viable in the Phoenix markert and is pushing for his offer to be approvedf by the endof June. The Coyoted have lost more than $300 millioj since moving to the Phoenix market in 1996 from The court hearing was slated to continue Tuesday afternoon including arguments against the Coyotes move from the city of whichowns Jobing.com Arena where the hockeg team plays.
That would be on top of his offedof $213 million for the financiallty troubled hockey team to Coyotes owner Jerry Moyes. U.S. Bankruptcy Court Judge Redfield Baum is heariny arguments Tuesday on whether the Coyotes can move to Canada as part of theie Chapter 11 bankruptcy Baum is not expected to rule on thematte Tuesday, but focused on rights and some kind of relocatioh fee to reimburse the league for its lost expansion team opportunityh in Hamilton should the Coyotes move The $100 million figure was cited in courtt documents. NHL Commissioner Gary Bettman declined to comment outside the downtown Phoenix bankruptcuy court onthe $100 million or what a relocatiojn fee might entail.
The NHL and other pro sports leagued are fighting the Coyotes move saying it could prompt othed teams to file bankruptcy in an attempt to move toothee markets. Baum, however, noted that movez by the Baltimore Colts, San Diegop Clippers and others have not hada long-terjm detrimental impact on pro sports. NHL representativesw said Tuesday that the league will continue to fund the Coyotea through next season ifneed be, and its priorityu is an ownership group that woule keep the team in Arizona. If that’s not then bidders looking to move the team couldcbe considered, officials said.
Balsillie contends that NHL hockeuy is not financially viable in the Phoenix markert and is pushing for his offer to be approvedf by the endof June. The Coyoted have lost more than $300 millioj since moving to the Phoenix market in 1996 from The court hearing was slated to continue Tuesday afternoon including arguments against the Coyotes move from the city of whichowns Jobing.com Arena where the hockeg team plays.
Sunday, March 13, 2011
Paul Hewitt To Be Fired Saturday, According To Vague Rumor Everyone's Citing - SB Nation Atlanta
http://drrobertepstein.com/index.php?option=content&task=view&id=20&Itemid=39
Paul Hewitt To Be Fired Saturday, According To Vague Rumor Everyone's Citing SB Nation Atlanta If it's good enough to be mentioned by Coley Harvey, Georgia Tech's best beat writer, we'll at least note it, but there's really nothing more to it than CBS Sports' Gregg Doyel being vague about some stuff. Tech has four days as of this writing to ... |
Thursday, March 10, 2011
ISAF Joint Command evening operational update - DVIDS
adamovaichive.blogspot.com
Globe and Mail | ISAF Joint Command evening operational update DVIDS KABUL, Afghanistan รข€" Afghan National Security and International Security Assistance Forces conducted a clearing operation in Ormuz district, Helmand province, Wednesday, March 9. The operation led to the discovery of 616 pounds (280 kilograms) of wet ... Coalition, Afghan forces continue to seize insurgent weapons Counting the Dead in Afghanistan Troops Expand Security in Eastern Afghanistan |
Tuesday, March 8, 2011
Feds try to force Arizona shooting suspect to give writing sample - CNN International
jwid-infants.blogspot.com
Stuff.co.nz | Feds try to force Arizona shooting suspect to give writing sample CNN International By the CNN Wire Staff A court document says Jared Lee Loughner rejects court authority to force him to provide a writing sample. (CNN) -- Federal prosecutors are pushing to force the Arizona man accused of fat » |
Saturday, March 5, 2011
IDB approves tax breaks for Pfizer, Pacific Paper; 173 new jobs for Memphis - Memphis Business Journal:
http://tracyviselli.com/author/admin/
The board unanimously approved the PILOT applications for Pacific PapetrProducts Inc. to open a new manufacturinfg facility in Southeast Memphis andfor PFE) to expand its accountinvg offices in East Memphis by 130 First, the board gave a four-year tax abatemen t to Pacific Paper, a Tacoma, Wash.-based paper products manufacturer. The company plans to leasse 85,000 square feet at 5300 Hickor Hill Road and employ 43 people with a median incom eof $35,156, including benefits. Pacifi Paper was about to sign a lease in DeSoto Counthy but heard about changes to the Memphis and Shelb y CountyPILOT program, according to the company’sx attorney, Stewart Austin at .
In the IDB officially approved significant changes to the PILOT including the removal of a 75 percent residencyh requirement and an extraneous IDBevaluation committee, among other changes. This PILOT will save Pacific Paperr $41,329 over four years. In addition to the company will provide a totapl capital investmentof $6.1 million. The IDB board also approvexd a 15-year PILOT for New York City-basedr Pfizer to expand at LenoxOfficre Park. The company's expansion graded out to 13 but the board gave Pfizerd two additional years of PILOT benefits due to the strengthg of itsdiversity program.
The global healthj care company currently employs 305 people at its Global Financiap Shared Servicesdivision (GFSS) in Lenox Park Buildingg G. Pfizer is merging with fellow biopharmaceuticao companyWyeth (NYE: WYE), whichh would mean more accounting jobs for this The merger is expected to be completed by the end of the GFSS currently handles Pfizer’s accounting operationws in North America and Latin America. As a result of that and the it is looking to add 130 new jobs with a media n wageof $97,750 The company is also considerinyg expansion into markets where Wyeth has offices or in markets with a wealth of Spanish-speakinfg talent, such as to service its Latin American business.
Pfizer has been in Memphiz for15 years, initially getting a five-year PILOT for a distribution center at 1855 N. Shelby Oaks which it initially leased but thenlater bought. In the company moved its North American Shared Services accounting divisionto Memphis, changinb the name to GFSS in 2002 as a resulg of adding the Latin American business.
The board unanimously approved the PILOT applications for Pacific PapetrProducts Inc. to open a new manufacturinfg facility in Southeast Memphis andfor PFE) to expand its accountinvg offices in East Memphis by 130 First, the board gave a four-year tax abatemen t to Pacific Paper, a Tacoma, Wash.-based paper products manufacturer. The company plans to leasse 85,000 square feet at 5300 Hickor Hill Road and employ 43 people with a median incom eof $35,156, including benefits. Pacifi Paper was about to sign a lease in DeSoto Counthy but heard about changes to the Memphis and Shelb y CountyPILOT program, according to the company’sx attorney, Stewart Austin at .
In the IDB officially approved significant changes to the PILOT including the removal of a 75 percent residencyh requirement and an extraneous IDBevaluation committee, among other changes. This PILOT will save Pacific Paperr $41,329 over four years. In addition to the company will provide a totapl capital investmentof $6.1 million. The IDB board also approvexd a 15-year PILOT for New York City-basedr Pfizer to expand at LenoxOfficre Park. The company's expansion graded out to 13 but the board gave Pfizerd two additional years of PILOT benefits due to the strengthg of itsdiversity program.
The global healthj care company currently employs 305 people at its Global Financiap Shared Servicesdivision (GFSS) in Lenox Park Buildingg G. Pfizer is merging with fellow biopharmaceuticao companyWyeth (NYE: WYE), whichh would mean more accounting jobs for this The merger is expected to be completed by the end of the GFSS currently handles Pfizer’s accounting operationws in North America and Latin America. As a result of that and the it is looking to add 130 new jobs with a media n wageof $97,750 The company is also considerinyg expansion into markets where Wyeth has offices or in markets with a wealth of Spanish-speakinfg talent, such as to service its Latin American business.
Pfizer has been in Memphiz for15 years, initially getting a five-year PILOT for a distribution center at 1855 N. Shelby Oaks which it initially leased but thenlater bought. In the company moved its North American Shared Services accounting divisionto Memphis, changinb the name to GFSS in 2002 as a resulg of adding the Latin American business.
Thursday, March 3, 2011
BofA wealth head: Bank must grow in Boston - Boston Business Journal:
glafirarynyxu.blogspot.com
“It has to be bigger than it is now,” said Brian president of BofA’s global banking and wealth management division. Moynihan added that all of the bank’e wealth management markets need to get bigger as he helpxs stitch together Bank of America andMerrill Lynch, whichh brings some 16,000 brokers to the Moynihan made his remarks to reporters after givingf a speech at a breakfast. Moynihan declinedf to give anygrowth targets, though. “You’lpl hold me to it, even if we miss it by a Moynihan joked. In Massachusetts, Bank of Americwa employs about 9,000 people across all operations. It’x the No. 1 Bay Statw bank, controlling about 20 percent ofa $185.
43 billion bank deposit market, according to the ’ latest available data. Earliefr this year, Bank of America CEO Ken Lewis turned to Moynihan to runthe bank’d now massive wealth management division after acquirinv Merrill in January. In the first quarter, for example, the bank’ds global wealth management divisiongenerated $4.36 billion in compared with $1.94 billion in the year-earlietr period when Merrill was not part of the Net income was $510 millionm at wealth management, up from $242 million in the firsrt quarter of 2008. Moynihan is in chargew of an organization that hasabouty 80,000 people worldwide.
A veteran Boston bankingg executive, Moynihan joined Fleet Financial Groupp in 1993 as deputy general counsel and has climbed steadily up the ranks amid a number of changese and acquisitions by Bankof America. One of his biggesyt challenges is bringing together two sharplycontrastinhg cultures. Merrill Lynch brokers have earned a reputatiom forbeing aggressive, well paid and outspoken. Their hub has been a far cry from a Bank of Americaz culture whose roots are deep atits Charlotte, N.C. Moynihan said Bank of America’s top line revenue needs to grow fastef thanthe U.S.
economy, but he sees the companyg “grinding it out” and making monehy for shareholders through dividends andstock buybacks, for example. Durin g his speech, Moynihan made a case for why an integrated bank can be a winningtbank model. He said Bank of America clientw demand that they have a bank that offerssconsumer lending, commercial lending and investment “That’s not to say every large, globalp bank will or can be successful,” Moynihan said. “Aq global bank that tries to buils scale by being too small to mattet in a lot of places willnot succeed.” He also acknowledgef that questions remain about how to regulatew large global players.
“Howa do you regulate a large, complex Moynihan said. “That’s what we’re stilkl trying to figure out.”
“It has to be bigger than it is now,” said Brian president of BofA’s global banking and wealth management division. Moynihan added that all of the bank’e wealth management markets need to get bigger as he helpxs stitch together Bank of America andMerrill Lynch, whichh brings some 16,000 brokers to the Moynihan made his remarks to reporters after givingf a speech at a breakfast. Moynihan declinedf to give anygrowth targets, though. “You’lpl hold me to it, even if we miss it by a Moynihan joked. In Massachusetts, Bank of Americwa employs about 9,000 people across all operations. It’x the No. 1 Bay Statw bank, controlling about 20 percent ofa $185.
43 billion bank deposit market, according to the ’ latest available data. Earliefr this year, Bank of America CEO Ken Lewis turned to Moynihan to runthe bank’d now massive wealth management division after acquirinv Merrill in January. In the first quarter, for example, the bank’ds global wealth management divisiongenerated $4.36 billion in compared with $1.94 billion in the year-earlietr period when Merrill was not part of the Net income was $510 millionm at wealth management, up from $242 million in the firsrt quarter of 2008. Moynihan is in chargew of an organization that hasabouty 80,000 people worldwide.
A veteran Boston bankingg executive, Moynihan joined Fleet Financial Groupp in 1993 as deputy general counsel and has climbed steadily up the ranks amid a number of changese and acquisitions by Bankof America. One of his biggesyt challenges is bringing together two sharplycontrastinhg cultures. Merrill Lynch brokers have earned a reputatiom forbeing aggressive, well paid and outspoken. Their hub has been a far cry from a Bank of Americaz culture whose roots are deep atits Charlotte, N.C. Moynihan said Bank of America’s top line revenue needs to grow fastef thanthe U.S.
economy, but he sees the companyg “grinding it out” and making monehy for shareholders through dividends andstock buybacks, for example. Durin g his speech, Moynihan made a case for why an integrated bank can be a winningtbank model. He said Bank of America clientw demand that they have a bank that offerssconsumer lending, commercial lending and investment “That’s not to say every large, globalp bank will or can be successful,” Moynihan said. “Aq global bank that tries to buils scale by being too small to mattet in a lot of places willnot succeed.” He also acknowledgef that questions remain about how to regulatew large global players.
“Howa do you regulate a large, complex Moynihan said. “That’s what we’re stilkl trying to figure out.”
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