Thursday, November 29, 2012

Mirabilis companies face $400M fine - Orlando Business Journal:

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The companies listed in the indictmen are doing business asMirabilise HR, , , and doing business as Inc. They are chargee with conspiracy andwire fraud, and coul face fines of up to $400 million. The professional employee organizatiojn companies, along with chiefc executive Frank Amodeo, would divert payroll taxes collected from clients to the PEO accounts instead tothe , said U.S. Attorneh A. Brian Albritton. Taxes totaling $200 million were never paid tothe IRS, includinf $157.8 million in FICA and withholding prosecutors said. Despite proclaiming his innocence initially, Amodep pleaded guilty to charges of conspiring to commiyt wire fraud and obstruction of an agencyproceedingv Sept. 23.
He faces 25 yearsz in prison anda $1.25 million fine. Amodeo’xs sentencing is set for Jan. 16.

Tuesday, November 27, 2012

Saturday, November 24, 2012

Baltimore mayor to highlight new loan program - WTOP

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Baltimore mayor to highlight new loan program

WTOP


BALTIMORE - Baltimore Mayor Stephanie Rawlings-Blake will be touring sm »

Thursday, November 22, 2012

Lender acquires 56 units in downtown Miami

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million deal and declared its mortgage satisfied. Some real estat e experts say the transaction was likel more about the lender improving its chances of recoverinygsome funds, rather than the straight-up This is the second bulk deal at the 516-unit downtownm Miami project this year, and it closes out nearly all of its Singer Island-based Welcome Bay bought 60 units in Decembed for $13 million. However, it is unclear from couryt documents whether the latest bulk deal was a simple sale or a deal in which the lendedr released the developer from the An officialat Miami-based declined to comment.
Miami-Dade Count y court records show that, on Marchh 19, Lendco Florida, a corporatiobn with an address inMenlo Park, Calif., acquirex the 56 units in Marinaw Blue for an average of $281,1178 each. The same day, Lendco Florida filec a satisfaction of mortgage based ona $30.5 million second mortgage it made the developere in February 2008. Miami Beach resident Thomas Jermoluk, who was listec as a manager of Lendco Florida inmortgage documents, also gave the developer a $5 millio personal mortgage. Jermoluk and his wife acquirede a unit in Marina Bluefor $200,000 on March 20. Chicago-basedc issued a satisfaction of mortgage notice on its firstg mortgage to the developer ofMarina Blue.
In the bank’ s annual report, it said that a Miam i condo loan classified as troublerd debt restructuring had an outstanding balancwof $8.7 million on Dec. 31, but was repaidc in full in March. Marina Blue was the only Corus-backeds project in Miami with a satisfaction issuedxin March. Lewis president of Miami-based , said it woulrd make sense for the holdee of a second mortgage on a condo projec t to take the units in exchange for forgivinf the debt if it believes the value of the unsold units is less than the outstanding balanc ofits loan. “Ib a lot of condo projects where there are secondmortgagews – those people will be very lucky to get Goodkin said.
“In many cases, the peoplew in the second position will bewiped out.” Goodkin believes Lendcko Florida’s most attractive optionm would be to form a renta pool with other Marina Blue investors and lease the units until property valueds improve.

Wednesday, November 21, 2012

RTP to be hit as GlaxoSmithKline lays off 350 - Boston Business Journal:

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Glaxo (NYSE: GSK), which employs arouns 5,000 people in RTP and another 1,000 or so at a manufacturintg facilityin Zebulon, is not providinhg specific numbers of job losses by location. But RTP, alonf with Philadelphia, Italy and GSK's Londo n headquarters, will lose workers. This week's cuts mark the thirdd round of local layoffxs reported since GSK announcedxa $1.4 billion cost-cuttint program in October 2007. An unspecified numbedr of in a round of layoffs beginning in lateNovembere 2007, and were let go earlier this Nearly every big pharmaceutical company - including , , , , , , , and - has announcedf major cost-cutting efforts since the starft of 2007.
The companies have been hit hard by competitiomn fromgeneric drugs. They also have had a dearthu of new drugs coming out oftheir laboratories. The treatments that do make it throughh human trials facetougher U.S. who in the past few year have been burned by healtn scares related to drugse suchas Merck's Vioxx and GSK's own GSK, for its part, has pledged to boosyt its investment in research done outsidd the company under new CEO Andrew who succeeded Jean-Pierre Garnier in May. A report in Tuesday's Wall Street Journal says the company will look to academi a and fledgling biotechnology companies to improveits "Have we cornered the market on good ideas?
Witty told journalists in May, according to the WSJ

Tuesday, November 20, 2012

Dali etching fetches $21005 for Tacoma Goodwill - TheNewsTribune.com

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TheNewsTribune.com


Dali etching fetches $21005 for Tacoma Goodwill

TheNewsTribune.com


Dali etching fetches $21,005 for Tacoma Goodwill. Sold, for $21,005. That was the final bid Monday evening for a Salvador Dali etching anonymously donated at the Federal Way Goodwill donation station sponsored by Tacoma Goodwill. CR ROBERTS; Staff ...


Dali etching donated to local Goodwill sells for $21005

Q13 FOX


Goodwill auctioning off Salvador Dali etching donated to store

Edmonton Sun


Hello, Dali! Hand-signed original shows up at Washington state thrift shop

Fox News



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Sunday, November 18, 2012

Ohio EPA OKs air permit for SunCoke project - Business Courier of Cincinnati:

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Knoxville, Tenn.-based SunCoke with to build a facilityg adjacent toAK Steel’s Middletown Works that will use a heat recovery method to produce coke. AK Steep would purchase all of thecoke plant’d production for at least 20 years, The issues revolv around emission credits AK Steel earned when it closerd a sinter plant (whicnh processes raw materials into iron ore) in June and whether construction will begin within the mandated five years since the closure, according to the Journal-Newa story. The will have to agrees with theOhio EPA’s interpretation that the applicatioj date for the plant is the officiapl start of construction.
West Chester-based AK Steel (NYSE: AKS) buys about 25 percentf of its coke on the open but said it will run out of the raw material for steelp manufacturing by December 2009 if theplanr isn’t built, according to the