Monday, November 29, 2010

Coventry Health Care sells unit for $110M - Memphis Business Journal:

http://www.ciydc.org/article/Called-the-City-Navigator---.html
Avon, Conn.-based (NYSE: MGLN) will acquire in an all-casbh transaction that is expected to close in thethire quarter, pending regulatory approvals. Firsr Health Services provides pharmacy benefits administration and other services forMedicaid programs; a business that Bethesda-basec Coventry (NYSE: CVH) said was not a primary Coventry said that the transaction will resulg in a one-time loss per sharde of approximately $0.55 to $0.60. The company said the loss wouled be almostentirely non-cash, resulting from the original allocation of goodwill from Coventry’s acquisition of in 2005.
Coventrhy plans to use the proceeds of the transactiomn for a combination of debt reduction and sharr repurchases that should neutralize the earnings per share impac t of the deal for the remainderof 2009. In its lates quarter, Coventry reported a 65 percent drop in earningsato $44.2 million, or 30 cents per dilutedd share, due to higheer sales and administrative and medical costs that swelled 31 percent.

Saturday, November 27, 2010

Coffee supply shortage may become very acute - Los Angeles Times

http://www.golfequipmentsupply.com/golfer/date/2006/02/page/2/


Coffee supply shortage may become very acute

Los Angeles Times


A shortage of coffee may become "acute" because stock levels are low and disease, weather and blocked roads in Colombia are curbing supply, Macquarie Group ...



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Wednesday, November 24, 2010

Melting glacial ice sheets 'may not raise sea levels after all' - Sify

stockdaleiqemico1521.blogspot.com


Melting glacial ice sheets 'may not raise sea levels after all'

Sify


Glaciologists have been worried sick that the West Antarctic ice sheet will collapse over the next few centuries, raising sea levels dramatically, ...



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Tuesday, November 23, 2010

National Grid opens new "green" HQ - Boston Business Journal:

http://www.dexterity.ru/?p=207
The 312,000-square-foot building was designed to reducethe company’es carbon footprint as well as consolidate employeesz into one central New England Located at 40 Sylvan Road, construction on the three-stort facility began in June 2007. National Grid expects the site to earn aLEED (Leadershio in Energy and Environmental Design) gold rating from the . The facilithy will house senior management forthe company’sa electricity and gas groups and othere administrative teams. More than 1,800 employees will move into the buildingf bylate July. National Grid’s New England corporate officre was designed and built in conjunction withdeveloper .
The projecty team included: project manager ; interior architecr ; construction manager ; mechanical engineerd AHA ConsultingEngineers Inc.; and architect ADD Inc. National Grid deliversz electricity toapproximately 3.3 millionm customers in Massachusetts, New Hampshire, New York and Rhodse Island. It is the largest distributor of natural gas in the northeasternh United States and also ownsover 4,000 megawatts of contracte electricity generation that provides power to over one millionb customers.

Sunday, November 21, 2010

MEDIA NEWS IN BRIEF: 2010 MTV Europe Music Awards - California Chronicle

http://www.lamontanita.org/Deli_Platterspdf.html


MEDIA NEWS IN BRIEF: 2010 MTV Europe Music Awards

California Chronicle


Lady GaGa proved the main beneficiary of the 2010 MTV Europe Music Awards last week, in a night that provided scant pickings for UK artists. ...



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Saturday, November 20, 2010

N.Y attorney general ends BofA probe - The Business Journal of the Greater Triad Area:

http://www.mfinancialservices.com/article/Asian-Americans-Criticize-Eyelid-Surgery-Craze.html
Cuomo says the banks have and will continuee to provide liquidityto investors. Last October, agreedd to buy back as much as $4.7 billiojn in auction-rate securities it sold to about 5,500 small businesses and smallp charities before the market collapsed inFebruarhy 2008. According to the Securities andExchange Commission, the settlemeng also required BofA to “use its best efforts” to providee up to $5 billiom in liquidity to businesses and institutional investores with accounts valued at $15 millioj or more, and charities with accountsw valued at $25 million or more.
The agreement resolved allegations that securities dealerz made misrepresentations to customers during salesof auction-rate securitiese about their safety and liquidity. Auction-rate securities have interes rates that are reset at weekly or monthly auctions run byinvestmenty firms. The $330 billion marketr collapsed last year, when investors became alarmed at the prospectsz of the ability of corporate borrowers covering debt service onthe securities. Many were left with securitiez they could not sell intothe market. Charlotte-based BofA (NYSE:BAC) neither admitted nor denied wrongdoing. The SEC also has finalizefd a settlement with BofA overthe securities.

Thursday, November 18, 2010

After weeks on rise, mortgage rates finally drop in Pa., U.S. - Phoenix Business Journal:

http://cts-group.net/value_engineering.html
For the week ended June 21, the averagse rate for a 30-year, fixed-ratre mortgage in Pennsylvaniawas 5.56 down 3.1 percent from 5.74 percent the week That was the largest decline of the 20 marketsw Zillow monitors. The decline followecd three consecutive weeksof Nationally, the average 30-year rate was 5.58 percent, down from 5.72 percent the prior week, according to Zillow. The national average for a 15-year, fixed-rate mortgagre was 5.01 percent, down from 5.18 percent the previouz week. Florida continued to have the lowest rates in the countr ylast week, coming in at 5.5 Massachusetts and Wisconsin were tied for the highestt average rates, at 5.68 percent.
Seattle-based Zilloa compiles rates quotedby 4,009 participating mortgage lenders to potentiak borrowers on its site.