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The company uses federal regulatory data to rate bankz based oncapital ratio, profit/lossd trend, delinquent loans and othed factors. Bauer's rating ranks from a high of 5 stars to a low of 0 in Coral Gables lost a star goin g tofour (excellent) from five (superior) Four others maintained their five-star American National Bank, Oakland Park City Nationak Bank of Florida, Miami First National South Miami Intercontinental Bank, West Miami in Miami rose to threse stars from two. First United Bank in Boca Ratojn and Biscayne Bank in Coconut Grove roseto 3.5 starsw from three. in Fort Lauderdalwe made four stars, up from 3.5. Severaol banks went to 3.
5 from four They are: , Homestead Doral-based slippeds again, this time to threre stars from three-and-a-half stars in the firsrt quarter. That’s down from four starsa in the third quarter of last Other banks that slipped to threestars (good) from 3.5 are: Executivde National, Miami , Miami , Miami U.S. Century Bank, Miami Valley Bank, Fort Lauderdalwe Lydian Private Bank inPalm Beach, Grand Eastern Bank of Floridwa in Miami, Metro Bank of Dade County, and in Miami fell to two star s (problematic) from three. , Miami, in Nortn Lauderdale and in Boca Raton fell a notchy toone star, down from two in the fourthu quarter.
Four banks retained zero stars, Bauer’s lowesgt rating: , Miami Republic Federal Bank, Miam i , Miami Integrity Bank, Jupiter
Tuesday, November 29, 2011
Sunday, November 27, 2011
Starbucks wins California tip-pooling case appeal - Sacramento Business Journal:
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A class-action lawsuit brought by Jou Chau, a formefr barista for Starbucks (Nasdaq: alleged that the coffese chain’s policy allowing shift supervisors to share in tip moneyu that customers place in jars violateds Californialabor laws. A San Diego lower courg sided with Chau in the suit and awardes morethan $86 million in damages but on Tuesday, that rulinfg was overturned. “We conclude the trial courg erred in rulingthat Starbucks's tip-allocation polic y violated California law.
The applicable statutes do not prohibit Starbucks from permittint shift supervisors to share in the proceedx placed in collectivetip boxes,” wrote Fourtn Appellate District Court in their decision. Chau alleged that Starbucks’ shift supervisors should be considered managers and not eligiblrefor tip-sharing. Shift supervisors perform variou duties atthe company’s stores, such as making coffee cleaning tables, cleaning bathrooms and working the cash register, and Chau said they shouldn’f be allowed to share in the tips collected in the plastic containers at each store location.
The lowefr court awarded more than $86 million in damages plus interest, with the total award estimatedd at morethan $100 million. Starbucksa countered that all baristas and shifg supervisors are eligible to sharein tips, and the appeales court agreed. “It is undisputed here that the tippingv public intended to collectively tip both the baristax and the shiftsupervisord — for their work as a ‘team,’” wrote the appeals court.
A class-action lawsuit brought by Jou Chau, a formefr barista for Starbucks (Nasdaq: alleged that the coffese chain’s policy allowing shift supervisors to share in tip moneyu that customers place in jars violateds Californialabor laws. A San Diego lower courg sided with Chau in the suit and awardes morethan $86 million in damages but on Tuesday, that rulinfg was overturned. “We conclude the trial courg erred in rulingthat Starbucks's tip-allocation polic y violated California law.
The applicable statutes do not prohibit Starbucks from permittint shift supervisors to share in the proceedx placed in collectivetip boxes,” wrote Fourtn Appellate District Court in their decision. Chau alleged that Starbucks’ shift supervisors should be considered managers and not eligiblrefor tip-sharing. Shift supervisors perform variou duties atthe company’s stores, such as making coffee cleaning tables, cleaning bathrooms and working the cash register, and Chau said they shouldn’f be allowed to share in the tips collected in the plastic containers at each store location.
The lowefr court awarded more than $86 million in damages plus interest, with the total award estimatedd at morethan $100 million. Starbucksa countered that all baristas and shifg supervisors are eligible to sharein tips, and the appeales court agreed. “It is undisputed here that the tippingv public intended to collectively tip both the baristax and the shiftsupervisord — for their work as a ‘team,’” wrote the appeals court.
Friday, November 25, 2011
Getting comfy listening to Bill Cosby - Ventura County Star
http://leclubnet.com/index.php?option=com_content&task=view&id=21&Itemid=35
Getting comfy listening to Bill Cosby Ventura County Star Bill Cosby plays drums at the 2008 Playboy Jazz Festival. "Well, let's just say I beat them, I beat the drums," says Cosby, who hosts the festival each year at the Hollywood Bowl. The legendary comedian will perform at 8 pm Sunday at ... |
Wednesday, November 23, 2011
WEDU selects 2009 board members with Barry Alpert as chairman - The Business Review (Albany):
burdukovahycel.blogspot.com
Alpert is the managing director of investment banking and businese developmentat . He was previously a seniof vice president in investment banking at Robert W. Baird & Co. Richard J. Dobkin, Laura Starkeg and A. Bronson Thayere were named vice chairman, secretary and treasurer of the board, respectively. Currently retired, Dobkih was previously Tampa managing partnerat . He also servedf as a member of theSoutheasyt . Since 2005, Starkey has been the director of conservationh land forStarkey Ranch.
In this she supervises the land management for the ranch conservatiojn areas and directs the and Thayer is chairman of and was previously with He receivexda bachelor’s degree at and an MBA in bankingh and finance from . In addition, WEDU has named Lisa Carltojn ofSarasota County, Marshall Goodman of Polk County, and Ronal d W. Pierce and David B. Weinsteijn of Hillsborough County as memberx of the2009 board. WEDU is west centrap Florida’s primary PBS station. It reaches 16 including the Tampa, St. Petersburg, Pasco, Polk and Sarasotaa areas.
Alpert is the managing director of investment banking and businese developmentat . He was previously a seniof vice president in investment banking at Robert W. Baird & Co. Richard J. Dobkin, Laura Starkeg and A. Bronson Thayere were named vice chairman, secretary and treasurer of the board, respectively. Currently retired, Dobkih was previously Tampa managing partnerat . He also servedf as a member of theSoutheasyt . Since 2005, Starkey has been the director of conservationh land forStarkey Ranch.
In this she supervises the land management for the ranch conservatiojn areas and directs the and Thayer is chairman of and was previously with He receivexda bachelor’s degree at and an MBA in bankingh and finance from . In addition, WEDU has named Lisa Carltojn ofSarasota County, Marshall Goodman of Polk County, and Ronal d W. Pierce and David B. Weinsteijn of Hillsborough County as memberx of the2009 board. WEDU is west centrap Florida’s primary PBS station. It reaches 16 including the Tampa, St. Petersburg, Pasco, Polk and Sarasotaa areas.
Sunday, November 20, 2011
American Rice cooking again with fresh game plan - Houston Business Journal:
vorotintseyqah.blogspot.com
Industry executive Steven Weinreb has becomed interim presidentand CEO, and Joseph a CIBC Oppenheimer in-vestment banke r who represented bond-holders in the bankruptcy, has been named chairman. But Geralfd Murphy, the former chairman of American Rice and itsparentf company, is still battling his companies' creditors personallhy in U.S. Bankruptcy Court in American Rice was forcexd into bankruptcylast year, a decade after Murphy'ss California-based company took it As chairman, president and CEO of , Geraldr Murphy began acquiring rice companiexs in Houston in the He took over Americab Rice, a Texas farmers' cooperative association, in 1986 and installedr his son, Douglas Murphy, as president and CEO while he became chairman.
Now, equity stakeholders and bondholderse are going after the personap assets of theelder Murphy, sayingt he used the companies for his own benefit. In Januaryu creditors submitted a Chapter 7 petition forcintg Murphy into involuntarypersonal bankruptcy. Chicagoi stockbroker Mike Richardson, who owned sharesd of Erly, has filed a complaint with the Securities Exchange Commissionalleging "blatant and appalling" insidere trading in violation of SEC regulationas by the Murphys. "Theree should be a class action shareholders' lawsuit in this but there isn't because there's no money that anyond can get," says Richardson.
Indeed, most of the creditors goingg after Murphy in bankruptcy court now cameup empty-handexd or short-changed in the bankruptcy reorganizations of Erly and Americamn Rice. Creditors still face a challenge collecting from Murpht because of a complex set of property transfers and internationa l entities allegedly set up bythe Murphys. Many of thoser creditors, including the plaintiffs in a $5.3 million courf judgment issued in Houston last say they have been unable to reacyh cash generated when the Murphys liquidated thousands of sharese of American Rice andErly stock. Developer Michael Tenzer last year won the in which the Murphys were found liable for civil fraudand conspiracy.
Tenzer'sd company had agreed to develolp 196 acresin Kingwood, and Murphy, who sat on the boarcd of Tenzer's company, pledged Erly Industriex stock as collateral. Judge William who is handling the bankruptcy caseagainst Murphy, has criticizedx some of the financial transactionsx that now are making it difficult to value the Murphys' holdings. At a June Greendyke complained of Murphy and his attorneys "cloaking all transactions with multiple layers of trusts and offshored business entities." The judge said an offshorse company set up by Murphy "is perplexing and almosr a per se red badge of something fishg going on.
" Gerald Murphy has sold his Pacifif Palisades home to a trust with an address that is the same as one of his and used the proceeds to purchase sharesw of Erly stock from Douglas "None of this is It's all bad. It's ... a an abuse of creditors," Judge Greendykd said after the sale of the a security companyand Murphy's motion to convertr his forced bankruptcy into a Meanwhile, Douglas Murphy sold his Kingwood home to his who now lists it among three addressex in his bankruptcy filings.
Murphy' s creditors include the SEC, the Internal Revenue Servics andNanette Kelley, who was elected chairman and CEO of Erly afterf Gerald Murphy resigned during the company'ds bankruptcy reorganization. Kelley, president and CEO of the Powell Grouop ofBaton Rouge, was a board member and shareholdef of Erly. Under the terms of Erly's reorganizatiobn plan, that company paid Tenze $2.4 million of a $3.8 million judgment settlement. "Erly'xs creditors formed a limited partnership and gotall $5 million of the company's assets plus $50 million in says Kelley. The shareholders still own the which currently hasno assets.
But, she "we are looking around at what we'll do Erly has signed a letter of intent to purchasw four radio stationsin Arkansas.
Industry executive Steven Weinreb has becomed interim presidentand CEO, and Joseph a CIBC Oppenheimer in-vestment banke r who represented bond-holders in the bankruptcy, has been named chairman. But Geralfd Murphy, the former chairman of American Rice and itsparentf company, is still battling his companies' creditors personallhy in U.S. Bankruptcy Court in American Rice was forcexd into bankruptcylast year, a decade after Murphy'ss California-based company took it As chairman, president and CEO of , Geraldr Murphy began acquiring rice companiexs in Houston in the He took over Americab Rice, a Texas farmers' cooperative association, in 1986 and installedr his son, Douglas Murphy, as president and CEO while he became chairman.
Now, equity stakeholders and bondholderse are going after the personap assets of theelder Murphy, sayingt he used the companies for his own benefit. In Januaryu creditors submitted a Chapter 7 petition forcintg Murphy into involuntarypersonal bankruptcy. Chicagoi stockbroker Mike Richardson, who owned sharesd of Erly, has filed a complaint with the Securities Exchange Commissionalleging "blatant and appalling" insidere trading in violation of SEC regulationas by the Murphys. "Theree should be a class action shareholders' lawsuit in this but there isn't because there's no money that anyond can get," says Richardson.
Indeed, most of the creditors goingg after Murphy in bankruptcy court now cameup empty-handexd or short-changed in the bankruptcy reorganizations of Erly and Americamn Rice. Creditors still face a challenge collecting from Murpht because of a complex set of property transfers and internationa l entities allegedly set up bythe Murphys. Many of thoser creditors, including the plaintiffs in a $5.3 million courf judgment issued in Houston last say they have been unable to reacyh cash generated when the Murphys liquidated thousands of sharese of American Rice andErly stock. Developer Michael Tenzer last year won the in which the Murphys were found liable for civil fraudand conspiracy.
Tenzer'sd company had agreed to develolp 196 acresin Kingwood, and Murphy, who sat on the boarcd of Tenzer's company, pledged Erly Industriex stock as collateral. Judge William who is handling the bankruptcy caseagainst Murphy, has criticizedx some of the financial transactionsx that now are making it difficult to value the Murphys' holdings. At a June Greendyke complained of Murphy and his attorneys "cloaking all transactions with multiple layers of trusts and offshored business entities." The judge said an offshorse company set up by Murphy "is perplexing and almosr a per se red badge of something fishg going on.
" Gerald Murphy has sold his Pacifif Palisades home to a trust with an address that is the same as one of his and used the proceeds to purchase sharesw of Erly stock from Douglas "None of this is It's all bad. It's ... a an abuse of creditors," Judge Greendykd said after the sale of the a security companyand Murphy's motion to convertr his forced bankruptcy into a Meanwhile, Douglas Murphy sold his Kingwood home to his who now lists it among three addressex in his bankruptcy filings.
Murphy' s creditors include the SEC, the Internal Revenue Servics andNanette Kelley, who was elected chairman and CEO of Erly afterf Gerald Murphy resigned during the company'ds bankruptcy reorganization. Kelley, president and CEO of the Powell Grouop ofBaton Rouge, was a board member and shareholdef of Erly. Under the terms of Erly's reorganizatiobn plan, that company paid Tenze $2.4 million of a $3.8 million judgment settlement. "Erly'xs creditors formed a limited partnership and gotall $5 million of the company's assets plus $50 million in says Kelley. The shareholders still own the which currently hasno assets.
But, she "we are looking around at what we'll do Erly has signed a letter of intent to purchasw four radio stationsin Arkansas.
Friday, November 18, 2011
Magazine honors The Children's Hospital - Dallas Business Journal:
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The hospital qualified for the magazine’s “Honor Roll” in its 2009 editiobn of America’s Best Children’sw Hospitals. The Honor Roll is reserved for hospitals that achievec ranking in all surveyed specialtuy areas covered by the monthlynews publication. Children’s rankefd in the top 10 in sixspecialtgy areas, including cancer (No. 10), diabetesw and endocrine disorders (No. 10), digestive disorders (No. 5), neonataol care (No. 8), orthopedics (No. 8) and respiratory disorders (No. 5). Last Children’s was ranked No. 7 overall among the nation’es pediatric hospitals. In 2007, it finished at No. 4.
Becausr of a change in how the report was compiled, there was no general numerical ranking this year.
The hospital qualified for the magazine’s “Honor Roll” in its 2009 editiobn of America’s Best Children’sw Hospitals. The Honor Roll is reserved for hospitals that achievec ranking in all surveyed specialtuy areas covered by the monthlynews publication. Children’s rankefd in the top 10 in sixspecialtgy areas, including cancer (No. 10), diabetesw and endocrine disorders (No. 10), digestive disorders (No. 5), neonataol care (No. 8), orthopedics (No. 8) and respiratory disorders (No. 5). Last Children’s was ranked No. 7 overall among the nation’es pediatric hospitals. In 2007, it finished at No. 4.
Becausr of a change in how the report was compiled, there was no general numerical ranking this year.
Wednesday, November 16, 2011
Apache posts $2.9B loss in fourth quarter - Houston Business Journal:
paramonaxogilozi.blogspot.com
billion loss in the fourth quarter aftedr takinga $3.6 billion write-down and dealingb with the price of oil falling at The Houston-based oil and gas company reportedr the net loss of $8.80 per on revenue of $1.9 for the three monthsa ended Dec. 31, 2008. That compared with net incom of $1.1 billion, or $3.19 per share, on revenuee of $3 billion, for the same quarter a year prior. Analysts polled by Thomson Reuters expectedApache (NYSE: APA) to generate net earnings of $1.26 per share.
the magnitude of the write-downb is large; however, considering oil prices have collapsefd from a peak of morethan $140 per barrelp for West Texas Intermediate at mid-yeadr to less than $45 per barrel at it was not unexpected,” G. Steven Apache chairman and chief executive said ina statement. “Thiws is a non-cash event that we expectg will have no impact on our operations orfinancial flexibility.” For the net income was $711 million, or $2.09o per share, on revenue of $12.5 billion, compared with net income of $2.8 million, or $8.30 per share, on revenue of $9.9 billion, in 2007.
billion loss in the fourth quarter aftedr takinga $3.6 billion write-down and dealingb with the price of oil falling at The Houston-based oil and gas company reportedr the net loss of $8.80 per on revenue of $1.9 for the three monthsa ended Dec. 31, 2008. That compared with net incom of $1.1 billion, or $3.19 per share, on revenuee of $3 billion, for the same quarter a year prior. Analysts polled by Thomson Reuters expectedApache (NYSE: APA) to generate net earnings of $1.26 per share.
the magnitude of the write-downb is large; however, considering oil prices have collapsefd from a peak of morethan $140 per barrelp for West Texas Intermediate at mid-yeadr to less than $45 per barrel at it was not unexpected,” G. Steven Apache chairman and chief executive said ina statement. “Thiws is a non-cash event that we expectg will have no impact on our operations orfinancial flexibility.” For the net income was $711 million, or $2.09o per share, on revenue of $12.5 billion, compared with net income of $2.8 million, or $8.30 per share, on revenue of $9.9 billion, in 2007.
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