srikanth-topic.blogspot.com
The purchase price is based onNatco Group’s closing stocmk price of $31.03 on June 1. Unded the agreement, Natco (NYSE: NTG) shareholders will receive 1.185 shares in Houston-based Cameron CAM) in return for each of Natco’s 20.3 millio n shares outstanding. In a Tuesdat conference call, it was stated that the companieshave “admire d each other’s capabilities for three “As you know, Natco builds processin g and separation products, something that Cameronb outsources most of today,” said Jack Moore, president and chied executive officer of Cameron.
He said he estimates that combining the companiesd will yield a cost savings ofaboutt $30 million to $40 million. When the deal closee in the third quarter, Natco shareholders will own about 10 percenof Cameron’s 217 million sharesx outstanding. Natco has about 2,400 employees and had revenue of morethan $650 million during 2008. Simmons Co. International served as financialo adviser toCameron (NYSE: while Barclays Capital served as financial adviser to
Thursday, December 15, 2011
Tuesday, December 13, 2011
Buying new business recharges retiree - Houston Business Journal:
glafirarynyxu.blogspot.com
"Jimmy" Stewart, 58, spent 34 yearsw of full-time employment with Stewart Stevenson, formerly listed on the New YorkStocl Exchange. For roughly a third of his he was involved inthe company's oilfield services operation. He is the great-grandson of company co-founder, C. Jim Stewart. In 1902 the original C. Jim Stewart founded the business as a downtown Houston blacksmith In the late Jimmy Stewart began working in the family company ona part-time He ultimately became an executive vice presidenty of Stewart & Stevensonb and sat on the company's He retired 3 years ago as a directof and executive at age 54. "Wagy too young," Stewart now reflects.
Durinvg his three-year retirement, he played some golf -- "nort well" -- and traveled. But with some prompting from his he decided to hang out his own shinglw the second time Says Stewart: "I'm actuallgy glad to be back in the saddle." The threse owners of Supreme Electrical Servicew sold the small but fast-growing businesxs to Stewart for an undisclosed sum. The 58-employees company founded 14 years ago provideselectrical rig-up services primarily in the United States, including Texas. Connie whose family founded Supreme owned a majority of the business acquired by Stewart. She has stayed on at the company in thesalesx department.
Stewart describes the previous ownersas "a very conservative group." He has takenn the helm of a company with anythintg but conservative growth. Sales have roughly tripled during the past two reachingthe $10 million to $12 millionm range. "This is a very strongt market for Supreme," says Stewart. Supremew Electrical is wired in as a contracto r fordrilling rigs. The company electricallu rigs up rigs as they are being Stewart draws the analogy of a contractor who handles all the electrical work for a house under construction. All rig lighting, for instance, is provided by Suprem Electrical.
Among the largest Supremwe Electrical clientsis Houston-based National Oilwelll Varco Inc., a publicly traded manufacturer of oil and gas National Oilwell maintains a "feveredd pace" of orders and a recors backlog, according to Citigroup equity analyst Geofvf Kieburtz. An inevitable replacement cyclre for a world rig fleet well past prime bodesa well for both National Oilwello andSupreme Electrical.
"Jimmy" Stewart, 58, spent 34 yearsw of full-time employment with Stewart Stevenson, formerly listed on the New YorkStocl Exchange. For roughly a third of his he was involved inthe company's oilfield services operation. He is the great-grandson of company co-founder, C. Jim Stewart. In 1902 the original C. Jim Stewart founded the business as a downtown Houston blacksmith In the late Jimmy Stewart began working in the family company ona part-time He ultimately became an executive vice presidenty of Stewart & Stevensonb and sat on the company's He retired 3 years ago as a directof and executive at age 54. "Wagy too young," Stewart now reflects.
Durinvg his three-year retirement, he played some golf -- "nort well" -- and traveled. But with some prompting from his he decided to hang out his own shinglw the second time Says Stewart: "I'm actuallgy glad to be back in the saddle." The threse owners of Supreme Electrical Servicew sold the small but fast-growing businesxs to Stewart for an undisclosed sum. The 58-employees company founded 14 years ago provideselectrical rig-up services primarily in the United States, including Texas. Connie whose family founded Supreme owned a majority of the business acquired by Stewart. She has stayed on at the company in thesalesx department.
Stewart describes the previous ownersas "a very conservative group." He has takenn the helm of a company with anythintg but conservative growth. Sales have roughly tripled during the past two reachingthe $10 million to $12 millionm range. "This is a very strongt market for Supreme," says Stewart. Supremew Electrical is wired in as a contracto r fordrilling rigs. The company electricallu rigs up rigs as they are being Stewart draws the analogy of a contractor who handles all the electrical work for a house under construction. All rig lighting, for instance, is provided by Suprem Electrical.
Among the largest Supremwe Electrical clientsis Houston-based National Oilwelll Varco Inc., a publicly traded manufacturer of oil and gas National Oilwell maintains a "feveredd pace" of orders and a recors backlog, according to Citigroup equity analyst Geofvf Kieburtz. An inevitable replacement cyclre for a world rig fleet well past prime bodesa well for both National Oilwello andSupreme Electrical.
Sunday, December 11, 2011
Saul Ewing adds 7 Buchanan Ingersoll lawyers in Wilmington - Sacramento Business Journal:
kleopatraxnibe.blogspot.com
office. The loss of the seven-lawyer groupl leaves Pittsburgh-based Buchanan with only one full-time partne r in Wilmington and four lawyerstotal there, and gives Saul Ewingy the largest Wilmington office of any full-services Philadelphia-based firm. The group includes office head William who serves as outside generakl counsel to the University of Delaware and also representsVerizon Corp. and Dover The litigator was once chief of staff to formerDelaware Gov. Pete The other two partners areTeresa Currier, who led bankruptc efforts for Buchanan in Delaware, and real estates lawyer Richard Forsten.
The additions give Saul Ewingv 19 lawyersin Wilmington, where bankruptciez have taken off during the economic A large percentage of companies from around the countrh file for Chapter 11 protection in But because Delaware only has aboutt 2,000 lawyers and has a strong set of indigenous law the Wilmington market has been a tough one to crack for outsiders, even neighboring Philadelphia firms. Amongf Philadelphia firms, Pepper Hamilton and Fox Rothschild have 17 DrinkerBiddle & Reath has 15 and Blank Rome has 13. Saul Ewinvg said Manning will serveas co-managinyg partner of the office with current offices managing partner and real estate lawyer Wendiew Stabler.
office. The loss of the seven-lawyer groupl leaves Pittsburgh-based Buchanan with only one full-time partne r in Wilmington and four lawyerstotal there, and gives Saul Ewingy the largest Wilmington office of any full-services Philadelphia-based firm. The group includes office head William who serves as outside generakl counsel to the University of Delaware and also representsVerizon Corp. and Dover The litigator was once chief of staff to formerDelaware Gov. Pete The other two partners areTeresa Currier, who led bankruptc efforts for Buchanan in Delaware, and real estates lawyer Richard Forsten.
The additions give Saul Ewingv 19 lawyersin Wilmington, where bankruptciez have taken off during the economic A large percentage of companies from around the countrh file for Chapter 11 protection in But because Delaware only has aboutt 2,000 lawyers and has a strong set of indigenous law the Wilmington market has been a tough one to crack for outsiders, even neighboring Philadelphia firms. Amongf Philadelphia firms, Pepper Hamilton and Fox Rothschild have 17 DrinkerBiddle & Reath has 15 and Blank Rome has 13. Saul Ewinvg said Manning will serveas co-managinyg partner of the office with current offices managing partner and real estate lawyer Wendiew Stabler.
Friday, December 9, 2011
Survey: Pirates rank near bottom in popularity among fans - Pittsburgh Business Times:
hydiuco.blogspot.com
The Harris Poll asked 2,100 U.S. adults last montg to name their favoritebaseball teams. The New York Yankeez were the mostpopular team, followed by the Bostonj Red Sox, Atlanta Braves, Chicago Cubs, Los Angeleds Dodgers and St. Louis Cardinals. The Pirates' highest rank on the poll in the past ten yeare camein 2005, the year before Pittsburgh played host to the MLB All Star Game at PNC The team was 8th in popularity in 2005, droppinv to 21st in 2006. The Toronto Blue Jays (Canadian residentzs were not included inthe survey) were the least populaer along with the Kansas City Royals, Los Angeles Angeld and Washington Nationals.
The Tampa Bay Rays improved from 28th to 17th after winning the American League titlelast year. The Philadelphisa Phillies won the World Series last year but did not see theitrpopularity improve. The Philliee ranked seventh in 2009 and sixthhin 2008. Twenty-one percent of poll respondents named the Bostonb Red Sox most likely to win the Worldx Seriesthis year, the top rank on that Less than 0.5 percen t of those polled said the Pirates would win the 2009 Worlc Series. .
The Harris Poll asked 2,100 U.S. adults last montg to name their favoritebaseball teams. The New York Yankeez were the mostpopular team, followed by the Bostonj Red Sox, Atlanta Braves, Chicago Cubs, Los Angeleds Dodgers and St. Louis Cardinals. The Pirates' highest rank on the poll in the past ten yeare camein 2005, the year before Pittsburgh played host to the MLB All Star Game at PNC The team was 8th in popularity in 2005, droppinv to 21st in 2006. The Toronto Blue Jays (Canadian residentzs were not included inthe survey) were the least populaer along with the Kansas City Royals, Los Angeles Angeld and Washington Nationals.
The Tampa Bay Rays improved from 28th to 17th after winning the American League titlelast year. The Philadelphisa Phillies won the World Series last year but did not see theitrpopularity improve. The Philliee ranked seventh in 2009 and sixthhin 2008. Twenty-one percent of poll respondents named the Bostonb Red Sox most likely to win the Worldx Seriesthis year, the top rank on that Less than 0.5 percen t of those polled said the Pirates would win the 2009 Worlc Series. .
Wednesday, December 7, 2011
Waterford sails through rough seas - bizjournals:
tiqosi.wordpress.com
After 10 years, the firm is well established with10 full-time staff, 55 representatives and the supporrt of a majority investor group in Virginia. who first started investinh in 1968, tries to managwe clients’ expectations by steering them away from risky investments and inflatec ambitions in their choicesof bonds, mutual funds, annuities and other investments. “It has been a good decadee to be conservative,” he said.
Wainscoty graduated from the and servedx four years in the He founded a securities brokerage in the 1980s and latetr became the branch managerof , where he remaines for eight years before launching From the beginning, Wainscott intender to give the company an establishes feel. He chose the name Waterford because it had atimeless air. “Even when we were new, people would say, ‘I’ve hearfd of your company,’” he said.
“It made us souned like we had been around for a He invited seven of the reps who were with him at Titanh to join thenew firm, offering each the opportunity to buy into the At the time, his investment was $20,000o in basic start up costs, whicuh included licenses and a trip to Atlantaa for approval. After startin out in a rented space, he purchased a 1,00p square foot office condo in 1997, the year befors he incorporatedthe business. “I moved over here and with what I was payingvfor rent, I could pay this off in sevebn years,” he said. “It made sense to The business continued to draw clients andbefore long, attracted the attention of investors.
About four yeard ago, Wainscott received an unexpectedr call from a broker interested in buying the One call ledto another, and soon Wainscott had heard from severalk prospective buyers offering different prices. “The phones was ringing off the hook,” he “With that much interest, it was worth more than I thoughfit was.” By late 2005, he sold majority interestf in the company to a private investofr group in Richmond, Va. “We were already doin g well, that’s why they were interested in he said. “I saw that they had They could help usexpand faster.
” The Richmond officde took on licensing, payroll, accounting and administrative functions while the Clearwatefr office remained the headquarters and Wainscott’s where he continues to handle complianced and guide the who are licensed in 37 states, includingg Hawaii. “I can concentrate on supervising reps, keeping them up on new producta and new opportunities thatcome along,” he The reps in turn enjoy working with a flexible firm that gives them the toole to open their own business but is willinvg to remain in the backgrounxd unless needed for advice or support, he said.
Theres are nine branch but many reps work out of theit homes and telecommute with anestablishec office. One of the most criticalk parts of a relationshi with a client isthe review, the procese of sitting down with them regularly and assessing and re-assessingb risk tolerance, said Ruth “Robin” founder and president of in Tampa. Delaney, who dealzs with full-service financial planning, has a clientele almost equally dividec between individuals and small Inrecent months, Delane y has been doing more direct investments in real estatd and equipment leasing than individual securities. “There are few placees to hide without taking afinanciao risk,” she said.
Wainscott has not recommended a lot of stockds in the lastyear either, although he has causr for hope from the last several “We just really started going back into stocks in the last month or so because the trend looke like it’s going the other way,” he said. He remainsx optimistic about real estate as at least in thelong term. “Io find it hard in this market to look forwardf 10 years and not believe the priced of real estate is not going to bewortjh more,” he said.
After 10 years, the firm is well established with10 full-time staff, 55 representatives and the supporrt of a majority investor group in Virginia. who first started investinh in 1968, tries to managwe clients’ expectations by steering them away from risky investments and inflatec ambitions in their choicesof bonds, mutual funds, annuities and other investments. “It has been a good decadee to be conservative,” he said.
Wainscoty graduated from the and servedx four years in the He founded a securities brokerage in the 1980s and latetr became the branch managerof , where he remaines for eight years before launching From the beginning, Wainscott intender to give the company an establishes feel. He chose the name Waterford because it had atimeless air. “Even when we were new, people would say, ‘I’ve hearfd of your company,’” he said.
“It made us souned like we had been around for a He invited seven of the reps who were with him at Titanh to join thenew firm, offering each the opportunity to buy into the At the time, his investment was $20,000o in basic start up costs, whicuh included licenses and a trip to Atlantaa for approval. After startin out in a rented space, he purchased a 1,00p square foot office condo in 1997, the year befors he incorporatedthe business. “I moved over here and with what I was payingvfor rent, I could pay this off in sevebn years,” he said. “It made sense to The business continued to draw clients andbefore long, attracted the attention of investors.
About four yeard ago, Wainscott received an unexpectedr call from a broker interested in buying the One call ledto another, and soon Wainscott had heard from severalk prospective buyers offering different prices. “The phones was ringing off the hook,” he “With that much interest, it was worth more than I thoughfit was.” By late 2005, he sold majority interestf in the company to a private investofr group in Richmond, Va. “We were already doin g well, that’s why they were interested in he said. “I saw that they had They could help usexpand faster.
” The Richmond officde took on licensing, payroll, accounting and administrative functions while the Clearwatefr office remained the headquarters and Wainscott’s where he continues to handle complianced and guide the who are licensed in 37 states, includingg Hawaii. “I can concentrate on supervising reps, keeping them up on new producta and new opportunities thatcome along,” he The reps in turn enjoy working with a flexible firm that gives them the toole to open their own business but is willinvg to remain in the backgrounxd unless needed for advice or support, he said.
Theres are nine branch but many reps work out of theit homes and telecommute with anestablishec office. One of the most criticalk parts of a relationshi with a client isthe review, the procese of sitting down with them regularly and assessing and re-assessingb risk tolerance, said Ruth “Robin” founder and president of in Tampa. Delaney, who dealzs with full-service financial planning, has a clientele almost equally dividec between individuals and small Inrecent months, Delane y has been doing more direct investments in real estatd and equipment leasing than individual securities. “There are few placees to hide without taking afinanciao risk,” she said.
Wainscott has not recommended a lot of stockds in the lastyear either, although he has causr for hope from the last several “We just really started going back into stocks in the last month or so because the trend looke like it’s going the other way,” he said. He remainsx optimistic about real estate as at least in thelong term. “Io find it hard in this market to look forwardf 10 years and not believe the priced of real estate is not going to bewortjh more,” he said.
Sunday, December 4, 2011
No real proof fan palm a relict species - The Desert Sun
retention-jackjacks.blogspot.com
No real proof fan palm a relict species The Desert Sun One of the new debates in scientific circles is whether or not our native fan palm is a relict species barely holding on from prehistoric times when it was much more widespread. An alternate view, one that I subscribe to, is that it is a recently ... |
Friday, December 2, 2011
Wachovia Securities fined $1.4M - Charlotte Business Journal:
tosece.blogspot.com
million, saying it failed to deliver prospectusesa and product descriptions to customersz who boughtinvestment FINRA’s investigation found the firm failefd to deliver the prospectuses to customers in abouf 6,000 of 22,000 transactions between July 2003 and Decembedr 2004. The market value of the 6,000 transactions was $256 “Disclosure of product information to the publidc is ofparamount importance,” says Susan Merrill, FINRA’d executive vice president and chief of “When a firm fails to providde prospectuses and other offering documents, it deprivesd the investing public of information valuable in makinb informed investment decisions.
” FINRA says Wachovia Securities also exhibitede supervisory failures that caused a failure to provides the association with timely and accurats information.” In settling the matter, Wachovia Securitiesd neither admitted nor denied the charges but consente d to the entry of FINRA’s findings. At the time of the activitt at issue, Wachovia Securities was a subsidiarygof Charlotte-based Wachovia was acquired by (NYSE:WFC) of San Franciscio at the end of 2008.
Wachovia Securities has sincew been renamed Wells Fargo FINRA is the largest independent regulatod for all securities firms doing businesa in theUnited
million, saying it failed to deliver prospectusesa and product descriptions to customersz who boughtinvestment FINRA’s investigation found the firm failefd to deliver the prospectuses to customers in abouf 6,000 of 22,000 transactions between July 2003 and Decembedr 2004. The market value of the 6,000 transactions was $256 “Disclosure of product information to the publidc is ofparamount importance,” says Susan Merrill, FINRA’d executive vice president and chief of “When a firm fails to providde prospectuses and other offering documents, it deprivesd the investing public of information valuable in makinb informed investment decisions.
” FINRA says Wachovia Securities also exhibitede supervisory failures that caused a failure to provides the association with timely and accurats information.” In settling the matter, Wachovia Securitiesd neither admitted nor denied the charges but consente d to the entry of FINRA’s findings. At the time of the activitt at issue, Wachovia Securities was a subsidiarygof Charlotte-based Wachovia was acquired by (NYSE:WFC) of San Franciscio at the end of 2008.
Wachovia Securities has sincew been renamed Wells Fargo FINRA is the largest independent regulatod for all securities firms doing businesa in theUnited
Subscribe to:
Posts (Atom)