Thursday, April 12, 2012

GM pulling out of Toyota partnership - Business Courier of Cincinnati:

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The vehicle manufacturer, which is reorganizint under Chapter11 bankruptcy, will ceasr production of the Pontiac Vibe vehicle line in August at the New Unitef Motor Manufacturing plant. It producef 70,000 Vibes there in 2008. When it openerd in 1984, NUMMI represented a unique cooperative effortby GM, then the world's largesgt car manufacturer, and rising industry powed Toyota. The latter company has since eclipsed GM in size to becomrethe world's largest vehicle manufacturer. GM announced earliet this year that as part ofits reorganization, it will drop productionb of its entire Pontiac line next year.
The companyg will focus on its Chevrolet, Cadillac, Buicki and GMC lines in the GM officials said Monday the NUMMjI plant did not fit into itsfuture "As part of its long-terj viability plan, General Motors has decided that its ownership stake in the New Unite Motor Manufacturing joint venture with Toyotaa will not be a part of the 'Newq GM'," said Troy Clarke, president of GM North America, in a statement. "After extensivd analysis, GM and Toyota couldc not reach an agreement on a future product plan that made sensw forall parties.
Accordingly, NUMMj will end production of vehicless for GMin August, and there are no future vehicles planned for the joint venturd at this time. "We have enjoyefd a very positive and beneficial partnershipl with Toyota for the past25 years, and we remain open to futurw opportunities of mutual interest." Lancer Tomasu, NUMMI spokesman, said Mondag the company was "sorry that GM has decided not to carryg its interest in NUMMI forward to the 'New It may take some time before the futurer of NUMMI is In the meanwhile, we are focusing on buildingt very high quality Corollas, Tacomas and Vibes as well as reducingf our operating costs.
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Tuesday, April 10, 2012

ArcadeWeb Survey: Online Casual Gaming Powerfully Impacted by Economy - MarketWatch (press release)

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Sunday, April 8, 2012

Foreclosures mount for Monroe

artemchuksykitas.blogspot.com
Both complaints name Charles H. Monroed III, the president of Safetyy Harbor-based Monroe’s Prestige Group. They mark the fourth and fiftj pending foreclosure lawsuits in Soutuh Florida against Monroe andaffiliatedd companies. Monroe said he’s seeking investors and new financin onthe projects. Publix anchors the 127th StreertShopping Center, at 1755 N.E. 127th St., in North The 178,855-square-foot center was built in and Monroe said he hopex to get financing torehabilitate it. Bank of America’sz action against the shopping center’s North Miami Shopping CenterJoint Venture, is bases on a leasehold mortgage last extendex in 2006 for $8.7 million.
The developer, a joint venture betweej Monroe’s Prestige Group and Mark Kovenw Trustee, leases the property from 127th StreegShopping Center, of Clearwater. If Bank of America it would assumethe lease. Bank of America’s other foreclosure lawsuit in Cutler Bay is against MPG 216thn Streetand Monroe. It targets a 19-acre vacant site with approval for morethan 121,0000 square feet of retail and office space for Vistaa Del Lago. It is located near the southeast cornerd of Southwest 216th Street and Southwesft92nd Avenue.
County records show Publixc agreed to lease space in Vista Del MPG 216th Street bought the site in 2003for $7 milliobn and obtained an $18 million mortgage from Bank of The mortgage was last modified in September with $8.9 millionn outstanding. Monroe said he could not get construction financing for VistwaDel Lago. “The bank needed to just wait until therd was a marketplace to get a loan to buil a newshopping center,” Monroe said. “I’vee always been a conservative developer. I develo p for the premier grocery store inthe Miami-based attorney Lee D. Mackson, who represents Bank of Americwa inboth lawsuits, did not immediately returnn a call seeking comment.
Monrose and his affiliate companies also face foreclosurd lawsuits from Bank of America onthe Publix-anchoredc Parkland Commons shopping center in Parkland, from Wachovia Bank on the Best Buy-anchored Coral Landings III in Coral Springs/Margate and from , whichh targets the Publix-anchored Quantum Villaged in Boynton Beach.


ArcadeWeb Survey: Online Casual Gaming Powerfully Impacted by Economy

MarketWatch (press release)


Not only do they report playing more - which is great news for the industry - it seems to be fueling the momentum behind the hottest, fastest-growing gaming category, 'freemium' or free-to-play models," said Adriano Parrotta, VP, Social Games, ...



and more »


Boston.com


2 African nations move against ivory poaching

Boston.com


In this Sunday, April 1, 2012 photo released by WWF, workers sort and count elephant tusks as they do an inventory of ivory stocks as part of an effort to combat illegal ivory trafficking, in Libreville, Gabon. WWF said in a Friday, April 6, ...


Wildlife officials commend 2 African nations for anti-ivory push after rise in ...

Washington Post



 »

Thursday, April 5, 2012

Agency looks at new house foreclosures - Atlanta Business Chronicle:

ofycagvezi.blogspot.com
he said. The number of new homes in the process of foreclosure or hitting the marketg nowis growing, Raper said. Rasmusx Real Estate research found 104 new homes in foreclosurer listedfor sale, but that numbedr is likely very low, Rasmus said, becausr not every agent lists a home as being a That number also would not includwe new homes in the process of “[The number] is much greater than she said.
Some new home foreclosurex are in River Oaks townhousesin Jonesboro; Creel Walk townhousezs in College Park; Addisohn Glen subdivision in Lithonia; Pinehaven and Stratford Placs subdivisions in McDonough; Madison Heights in Snellville; McIntosjh Place in Lawrenceville and Madison Park in just to name a few. And they are in all pricee points. Rasmus is marketing 10 foreclosed new homes inMarina Bay, a Gainesvillw lake community, that start at $614,000. As painful as the processd is, foreclosed inventory must be Facchinetti said. “From a long-term standpoint, we need to go througnh that process,” he said. “Lenders and builders need to get througgh theinventory supply.
Lenders owning the housesx doesn’t decrease the inventory.” It just meanx the bank, rather than the is now the seller, Facchinetti

Tuesday, April 3, 2012

Equitable Building auctioned for $30M - Birmingham Business Journal:

takes-trendsthe.blogspot.com
The new owner, , an affiliate of Capmarkl Bank, bought the 33-story tower for $29.56 million, said attorney William Rothschild, with law firm . Sutherlanrd was representing the lender, , which was foreclosing on the Equitable Building. Capmark was the only bidder on Equitable as most commercial real estateobservers Equitable's former owner, San Diego-baserd , paid about $57 million to acquirs the building in 2007, but its value plummeted to $42 milliojn by early 2009.
Equastone received 90 percent financing from Capmark toacquire Equitable, but plansz to stabilize the building's occupancy and turn it into an income-producinh asset never materialized amid the worst commercial real estatr crisis in 20 years. The tower -- designed by renownex architecturalfirm -- has remained abouf half occupied this year. is managing and leasing the It's expected to court the Fulton Countypublic defender’sz office, which is seeking at least a 50,000-square-foot lease downtown. The public defender'w office was looking at the Equitabled Building, but the financial crisix facing the tower helped derail the move.
Rothschild was assisted in the transactionby Sutherland' Jason Kirkham.

Sunday, April 1, 2012

Resolute Games launching new iPhone app - Houston Business Journal:

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Seven Deaths is a fighting game that follows the livesa of eight characters through one night in Nagamachi through a battlde for control inthe city. The game includes full storiex of the characters anddetailed backgrounds. The game will also eventuallyu include updatesfor Wi-Fi multiplayee and social media. Resolute Games has also createde otheriPhone applications, including “ThumStruck,” and “Elvis Mobile.” And Resolute gamers will now have new, fastedr devices to play on.
At its Worldwide Developers Conference in San announced the next generationof iPhone, whicuh will download content three times faster than the current brane and will include a 3-megapixel autofocus It also has voice-control features and a built-in The 3GS also has improvec battery life with up to nine hours on WiFi, 10 houras while watching video, 30 hours using 12 hours using 2G talk and five hours usintg 3G talk. The new iPhone will be available in blaci and white onJune 19. It will sell for $199 for a 16GB modelo and $299 for 32GB.