DOCSLIB.ORG

Unions' Bid to Block Walmart Losing Way Racinos Playing for Keeps

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Unions' Bid to Block Walmart Losing Way Racinos Playing for Keeps 20110131-NEWS--0001-NAT-CCI-CN_-- 1/28/2011 8:19 PM Page 1 INSIDE Albany: the case TOP STORIES for optimism. NY state’s hole: Really $10 billion--and —Alair ® Twnsedownsendo counting. How Page 11 to fix it PAGES 2-3 ● MEDICAID The neediest 20% sap 75% VOL. XXVII, NO. 5 WWW.CRAINSNEWYORK.COM JAN. 31-FEB. 6, 2011 PRICE: $3.00 of program spending ● PENSIONS Retirement benefits for NY state’s Unions’ bid workers are among the richest in the U.S. ● EDUCATION You don’t to block need a math teacher to add up the cuts to NYC Walmart Spring musicals losing way fight Spider-Man for their share Retailer winning more of B’way spotlight converts; opponents PAGE 3 vow to fight on Financial Crisis 101 IN THE MARKETS, PAGE 4 BY DANIEL MASSEY Google’s Schmidt EARLIER THIS MONTH, against a brilliant backdrop of oranges and red peppers at shops for book deal a Washington, D.C., community cen- NEW YORK, NEW YORK, P. 6 ter,first lady Michelle Obama endorsed Walmart’s moves to lower the price of fresh fruit and vegetables, slash the sodium and sugar content in its house brand and bring stores to underserved urban areas. “The largest corporation in Ameri- ca is launching a new initiative that has the potential to transform the market- place and to help American families put healthier food on their tables,” Ms. Obama said. That praise was only the latest vic- tory for the retailer in an intensifying BUSINESS LIVES campaign to establish a foothold in cities, including New York. Walmart is GOTHAM GIGS SOCIAL ENTREPRENEUR: See WALMART on Page 22 Forget angelfish; he’s Shannon McNamara seeking explosives P .. 23 started a nonprofit to promote literacy after a ● ANNE FISHER on three family trip to Africa. ways to beat bigger competitors P .. 23 buck ennis Racinos ● MOVERS & SHAKERS New chief of The New playing School speaks out P .. 24 ● GAEL GREENE dazzled PHILANTHRO-TEENS by White’s Ai Fiori P .. 26 for keeps Kids raise the bar on giving with Facebook Charge that new tribe’s INDEX full-fledged casino NEIGHBORHOOD JOURNAL _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _7 fundraisers, even their own foundations could ruin them THE INSIDER _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _8 REAL ESTATE DEALS PLUS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _9 Basking Ridge, N.J. But the experience was “worth BY MIRIAM KREININ SOUCCAR more than any cruise or trip to Disneyland could BY AMANDA FUNG FOR THE RECORD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _12 give you,” she said. SMALL BUSINESS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _18 WHEN SHANNON MCNAMARA was 13, her parents took The family took a similar trip to Africa three HALF A DOZEN New York state racino op- CLASSIFIEDS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _19 her and her siblings to Peru during summer vacation years ago,and Ms.McNamara started her own non- erators, which employ more than 3,400 EXECUTIVE MOVES _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _23 to volunteer in an orphanage. profit,Share (Shannon’s After-School Reading Ex- workers and generate more than $400 THE WEEK AHEAD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _26 “At the beginning of the trip, I was thinking, change), shortly after to help educate African girls. million in annual gaming tax revenue for THE WEEK ON THE WEB _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _27 ‘Why can’t I be on a cruise ship instead?’ ” said Ms. She has since volunteered in Tanzania every sum- the state, are racing against the clock. McNamara, now 17 and a senior in high school in See PHILANTHRO-TEENS on Page 21 Next month, the Wisconsin-based Stockbridge-Munsee Tribe could move closer to controlling 330 acres of THE SHRINKING OF GE land in the Catskills and realizing its long-running dream of building the Conglomerate’s once-hulking finance state’s first full-fledged casino with slot P. 13 machines and table games. For racino unit needs to cut $100B operators, who are restricted by state PLUS: P. 17 law to armless slot machines known as NEWSPAPER TOP M&A DEALS See RACINOS on Page 21 20110131-NEWS--0002,0003-NAT-CCI-CN_-- 1/28/2011 8:49 PM Page 1 IN BRIEF CNN WORLDWIDE HAS TAPPED MARK WHITAKER, NBC NEWS’ WASHINGTON BUREAU NEW YORK’S $10B chief, to fill the newly created position of managing editor. Mr. Whitaker, who is best known as the ON TUESDAY, Gov. Andrew Cuomo will propose a cuts, concentrated in the three areas on which the former editor of Newsweek, will oversee news budget for the state fiscal year that starts April 1, state spends the most: Medicaid, education, and and editorial content that appears across CNN, including its domestic and international detailing how to close the $10 billion gap between payroll and pensions. networks and its website. He will also be what the state is projected to spend and take in. Fundamental reforms that are now being studied responsible for long-term news strategy. “Our aim is to position a strong managing Having promised not to raise taxes, he will focus on could reduce the impact of these cuts, but editor, working closely with the head of each CNN network and website, to generate reporting and analysis that consistently stands out,” said Jim Walton, president of CNN MEDICAID Worldwide, in a statement. Mr. Whitaker will start his new job Feb. 14. THE WRITERS GUILD OF AMERICA EAST WON ITS THIRD VICTORY IN ITS RECENTLY Managed care as savior launched nonfiction organizing campaign, announcing last week that writers and producers who work on television programming Neediest 20% now sap 75% of funds; for Lion Television voted narrowly to join the union.The workers, who produce shows such as efficiencies would help patients, too Cash Cab for Discovery Network, Megadrive for MTV and History Detectives for PBS voted 23 to 22 to join the Guild.The election follows BY BARBARA BENSON victories at Atlas Media and ITV Studios, bringing a total of about 250 writers and ELAINE SIGALOS WAS FINE when her parents were alive. Her developmental disabilities were just producers into the union. n a fact of their family life together in a house on Staten Island. After her father died, she and her mom moved into a two-bedroom condo that was easier to maintain. But when her mother passed away, everything pretty much fell apart. Ms. Siga- BY THE NUMBERS los’home became an unlivable mess,with a stove that didn’t work,blocked sinks and a leaking tub. “A sharp pain comes sometimes, and I wasn’t able to do some Weekly shift of the city’s economy things. And then it became not so clean,” says Ms. Sigalos, 57. In ad- GOOD START The first month of the year ended dition to mild retardation,she suffers from high blood pressure,anx- on a strong up note, with news that surging iety and spinal stenosis,a condition that compresses the spinal cord é consumer spending and exports are pushing the and nerves. economic rebound into higher gear. Ms. Sigalos’ mother had arranged for a cousin to assist with fi- nancial chores, but that didn’t work out, and 40K 36 $3.21 unpaid utility bills soon mounted up. Complicating matters were Ms. PATENTS INCHES of snow PRICE of gallon issued in NYC in NYC to date in of gas in NYC in Sigalos’ pets: gopher snakes that typ- 1980-2010 Jan., beating Jan. week ended 1/24, ically reach 4 feet in length, and corn Source: U.S. Patent 1925 record of up 16.7% for year snakes just as big. Medicaid paid for and Trademark 27.4 inches Source: Energy personal care aides to housekeep and Office Source: National Information Weather Service Administration shop for groceries, but some aides re- fused to go to Ms. Sigalos’ home be- GAINING ALTITUDE The number of passengers arriving at cause of the snakes. metro New York’s four airports has been rising all year—a See MANAGING MEDICAID on Page 22 good thing for a city economy increasingly tied to tourism. PENSIONS Source: Port Authority of NY & NJ ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY Hiking worker contributions, r CORRECTIONS The $2 billion outflow from Bank of America’s global wealth tions.Though the state’s pension fund can cover current retirees, management division in the fourth quarter was due to clients Governor expected to leverage payouts are growing as baby boomers live longer in retirement.
Load more

Recommended publications
  • Centerbridge-Led Consortium Completes Canopius Acquisition
    PRESS RELEASE 9 March 2018 CENTERBRIDGE-LED CONSORTIUM COMPLETES CANOPIUS ACQUISITION Canopius today announces the completion of its acquisition by a private equity consortium led by Centerbridge Partners, L.P. (“Centerbridge”), which includes private investment firm Gallatin Point Capital LLC. Having received all necessary regulatory consents, Canopius is once again a standalone business, led by Chairman Michael Watson and Group Chief Underwriting officer Mike Duffy. Since its foundation in 2003, Canopius has developed into a top-ten insurer at Lloyd’s, and wrote premium income of more than $1.5 billion in 2017. With Centerbridge and Gallatin’s support, the business is poised for growth on a scalable platform when conditions are conducive, and will continue to focus on underwriting excellence and enhancing its value-added capabilities in support of brokers and clients. Michael Watson said: “I am delighted to herald the dawn of an exciting new chapter in Canopius’s journey. This has re-energised our exceptionally talented team who, with the financial strength and insights of our new owners, will continue to pursue our ambition of building a world-class specialty (re)insurance franchise.” Ben Langworthy and Matthew Kabaker, Senior Managing Directors at Centerbridge said: "We’re very happy to have completed the investment in Canopius. Working with Michael Watson, Mike Duffy and the Canopius management team over the past few months has reinforced our view that this is a business with strong leadership and a clear strategy for the future. We recognise that 2018 marks a milestone year for Canopius being that it is 15 years since its original foundation.
    [Show full text]
  • Global Fund Finance Symposium
    8TH ANNUAL Global Fund Finance Symposium MARCH 21, 2018 NAME _________ GRAND HYATT, NEW YORK 8TH ANNUAL Global Fund Finance Symposium TABLE OF CONTENTS Letter from the Chairman ...3 Agenda at a Glance ............. 4 Session Details .................... 5 Sponsors ............................ 13 Speakers ............................ 31 FFA Leadership .................. 78 2 LETTER FROM THE CHAIRMAN Industry colleagues, The WFF committees have a great set of events planned for As I sit here on a Sunday night, with a glass of pinot in hand, 2018, and a special thanks to each of the firms that are helping trying to think of how to best encapsulate the feeling of the to sponsor these events. To help broaden the audience to 2017 market, my mind keeps wandering off to the pleading include more male participation, we’ve structured a great words of RiRi….. feature panel here today as part of the symposium. It’s my early favorite for winner of Best Panel of the day. “Please don’t stop the, please don’t stop the, please don’t stop the music” Couple of housekeeping notes - this year, we’ll be hosting our Rihanna 2007 (…and investors everywhere in 2017) Sponsor Dinner in London prior to the European symposium. Markets across the board were up, volatility was low, three The European fund finance market continues to grow, and the quarters of global GDP saw a pick-up in year-on-year terms in Board is looking forward to an evening there to both thank 2017, and the IMF is projecting stronger global GDP growth in our participating sponsors, but importantly provide a forum 2018 & 19 than 2017.
    [Show full text]
  • Signature Bank: Fasten Your Seat Belts; It's Going to Be a Bumpy Taxi
    Signature Bank | March 31, 2016 MORGAN STANLEY RESEARCH March 31, 2016 MORGAN STANLEY & CO. LLC Ken A Zerbe, CFA Signature Bank [email protected] +1 212 761-7417 Adam Jonas, CFA Fasten Your Seat Belts; It's Going to Be a [email protected] +1 212 761-1726 Steven M Wald Bumpy Taxi Ride … but Worth It [email protected] +1 212 761-0474 Neel Mehta Industry View Stock Rating Price Target [email protected] +1 212 761-8582 In-Line Overweight $163.00 Signature Bank ( SBNY.O, SBNY US ) The negative impact of ride-sharing on the taxi industry should not Midcap Banks / United States of America be underestimated, and could drive sharply higher credit losses in Stock Rating Overweight Industry View In-Line SBNY's taxi portfolio (we estimate a 25% cumulative loss). We Price target $163.00 explore both the risks and offsets to taxi lending, and why SBNY Shr price, close (Mar 30, 2016) $138.26 Mkt cap, curr (mm) $7,038 remains a key Overweight. 52-Week Range $163.15-119.60 Ride-sharing companies pose a significant threat to the taxi industry Fiscal Year Ending 12/15 12/16e 12/17e 12/18e and, by default, to the creditworthiness of taxi medallion borrowers. Our work ModelWare EPS ($) 7.30 8.17 9.36 10.86 with our Autos and Shared Mobility colleague Adam Jonas highlights how Prior ModelWare EPS - 8.27 9.42 10.60 ($) rapidly ride-sharing companies have overtaken taxis in less dense urban Consensus EPS ($)§ 7.21 8.29 9.50 11.00 markets, with more drivers who also broadly earn more per hour than their P/E 21.0 16.9 14.8 12.7 taxi counterparts.
    [Show full text]
  • BFF Luxembourg S.À R.L. Societé À Responsabilité Limitée Registered Office: 25C, Boulevard Royal, L-2449 Luxembourg R.C.S
    BFF Luxembourg S.à r.l. Societé à responsabilité limitée Registered office: 25C, boulevard Royal, L-2449 Luxembourg R.C.S. Luxembourg B 195343 Messrs Banca Farmafactoring S.p.A. Via Domenichino, 5 20149, Milan Luxembourg, March 11, 2018 Ref.: Banca Farmafactoring S.p.A. – Shareholders’ General Meeting to be held on April 5, 2018 Filing of the list for the appointment of the Board of Directors Dear Sirs, With the present letter, the undersigned BFF Luxembourg S.à r.l., shareholder of Banca Farmafactoring S.p.A. (the “Bank”) owner of No. 77.685.903 shares, equal to 45.7% of the Bank’s share capital, with reference to the Shareholders’ General Meeting to be held on April 5, 2018, convened to discuss and resolve, inter alia, on “The appointment of the Board of Directors. Related resolutions”, considered the “Guidelines on the qualitative and quantitative composition of the Board of Directors: Indications for Shareholders and the New Board of Directors” (the “Guidelines for the Shareholders”) and the “Report of the Board of Directors on the fifth point on the agenda” (the “Report”), pursuant to Article 15 of the Bank’s By-Laws, submits the following list of candidates, listed through a sequential numbering: 1. Salvatore Messina, born in Nicolosi (CT) on January 1, 1946, Tax Code MSSSVT46A01F890P; 2. Massimiliano Belingheri, born in Bergamo (BG) on October 30, 1974, Tax Code BLNMSM74R30A794F; 3. Luigi Sbrozzi, born in Milan (MI) on November 30, 1982, Tax Code SBRLGU82S30F205X; 4. Ben C. Langworthy, born in Newburyport (MA, USA) on August 12, 1978, Tax Code LNGBCR78M12Z404R; 5.
    [Show full text]
  • May 2017 Dear UMB Federal Funds “As Agent” Customer
    May 2017 Dear UMB Federal Funds “As Agent” Customer: Attached is an extract of certain reported financial information taken from the most current Call Report data (dated as of December 31, 2016) of the banks that are currently on the “Approved List” provided to participants in our “As Agent” Federal Funds Program. As a participant in that Program, you have appointed us as your agent to place your funds with banks listed on the Approved List, all as provided for in, and governed by, the UMB “As Agent” Federal Funds Program Agreement that you executed with us at the time you started participating in our “As Agent” Program. By allocating your funds among all of the banks identified on the Approved List, you are able to help reduce your concentration of credit with any given individual bank on the list. We suggest that you present and review this information (together with the terms of your executed UMB “As Agent” Federal Funds Program Agreement) with your Board of Directors, and retain both for your permanent records and regulatory and audit review, since you and your Board of Directors have the ultimate responsibility to track and approve those banks to whom your federal funds are sold. We are also pleased to provide the following information for UMB Bank, n.a. as of March 31, 2017, which you should also retain related to the requirements of Regulation F. UMB Bank, n.a. Tier 1 Risk-based Capital Ratio 10.83 % Total Risk-based Capital Ratio 11.46 % Tier 1 Leverage Ratio 8.26 % * Full Reg F disclosure on second page I appreciate that you have elected to appoint us as your agent to facilitate your federal funds transactions under our “As Agent” program.
    [Show full text]
  • Broken Confidences Sebastiaan Van Den Berg of Harbourvest Partners Are PE Players Losing Sleep Over Australia’S Super Fund Disclosure Rules? Page 7 Page 19
    Asia’s Private Equity News Source avcj.com February 25 2014 Volume 27 Number 07 EDITOR’S VIEWPOINT Bumper PE deal flow in 2013 flatters to deceive Page 3 NEWS Baring Asia, CalPERS, CDH, EQT, Fosun, GGV, Hopu, IDFC, IFC, INCJ, Kendall Court, Morningside, NSSF, Origo, Samena, Temasek Page 4 ANALYSIS Australia’s mid-market GPs wait patiently for a buyout rebound Page 16 INDUSTRY Q&A HESTA’s Andrew Major and QIC’s Marcus Simpson Page 11 Broken confidences Sebastiaan van den Berg of HarbourVest Partners Are PE players losing sleep over Australia’s super fund disclosure rules? Page 7 Page 19 FOCUS FOCUS Diversity in distress The collective spirit GPs adjust to evolving special situations Page 12 Crowdfunding gains traction down under Page 14 PRE-CONFERENCE ISSUE AVCJ PRIVATE EQUITY AND VENTURE CAPITAL FORUM AUSTRALIA 2014 Anything is possible if you work with the right partner Unlocking liquidity for private equity investors www.collercapital.com London, New York, Hong Kong EDITOR’S VIEWPOINT [email protected] Managing Editor Tim Burroughs (852) 3411 4909 Staff Writers Andrew Woodman (852) 3411 4852 Mirzaan Jamwal (852) 3411 4821 That was then, Winnie Liu (852) 3411 4907 Creative Director Dicky Tang Designers Catherine Chau, Edith Leung, Mansfield Hor, Tony Chow Senior Research Manager this is now Helen Lee Research Manager Alfred Lam Research Associates Herbert Yum, Isas Chu, Jason Chong, Kaho Mak Circulation Manager FROM 2006 OR THEREABOUTS, AUSTRALIA pace during the second half of 2013. A total of Sally Yip Circulation Administrator suddenly became the destination in Asia for GPs nine PE-backed offerings raised record proceeds Prudence Lau focused on leveraged buyout deals.
    [Show full text]
  • Special Report
    September 2014 turnarounds & Workouts 7 Special Report European Restructuring Practices of Major U.S. Law Firms, page 1 Firm Senior Professionals Representative Clients Bingham McCutchen James Roome Elisabeth Baltay Creditors of: Arcapita Bank, Bulgaria Telecommunications/Vivacom, Crest +44.20.7661.5300 Barry G. Russell Liz Osborne Nicholson, Dannemora Minerals, DEPFA Bank, Findus Foods, Gala Coral, www.bingham.com James Terry Neil Devaney Icelandic Banks (Kaupthing, Glitnir and Landsbanki), Invitel, Klöckner Stephen Peppiatt Emma Simmonds Pentaplast, Media Works, Northland Resources, Oceanografia, OSX3 Leasing Tom Bannister B.V., Petromena, Petroplus, Preem, Punch Taverns, Royal Imtech, Selecta, Sevan Marine, Skeie Drilling, Straumur, Technicolor S.A. (Thomson S.A.), Terreal, The Quinn Group, Uralita, Wind Hellas, Xcite, and others. Cadwalader, Wickersham Gregory Petrick Louisa Watt Centerbridge Partners, Avenue Capital Group, GSO Capital Partners, & Taft Richard Nevins Paul Dunbar Oaktree Capital Management, Varde Partners, Golden Tree Asset +44 (0) 20 7170 8700 Yushan Ng Karen McMaster Management, Bluebay Asset Management, MBIA, Davidson Kempner, www.cadwalader.com Holly Neavill Alexis Kay Outrider Management, GLG Partners, Warwick Capital, Alchemy, Finnisterre Capital. Davis Polk Donald S. Bernstein Timothy Graulich Lehman Brothers International (Europe) and its U.K. Lehman affiliates, +44 20 7418 1300 Karen E. Wagner Elliot Moskowitz Sterling Equities in Madoff SIPA liquidation, Technicolor S.A., Royal www.davispolk.com Andrés V. Gil Thomas J. Reid Imtech, Carrefour, major global banks and financial institutions in Arnaud Pérès Christophe Perchet connection with several monoline insurance company restructurings, Marshall S. Huebner John Banes Goldman Sachs in connection with exposures to BP, Castle HoldCo 4, Benjamin S. Kaminetzky Reuven B.
    [Show full text]
  • The Securities and Exchange Commission Has Not Necessarily Reviewed the Information in This Filing and Has Not Determined If It Is Accurate and Complete
    The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL Washington, D.C. 20549 OMB Number: 3235-0006 FORM 13F Expires: July 31, 2015 Estimated average burden FORM 13F COVER PAGE hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 03-31-2019 Check here if Amendment Amendment Number: This Amendment (Check only one.): is a restatement. adds new holdings entries. Institutional Investment Manager Filing this Report: Name: AMALGAMATED BANK Address: 275 SEVENTH AVENUE 9TH FLOOR NEW YORK, NY 10001 Form 13F File 028-04148 Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: GREGORY W SPOCK VICE PRESIDENT - TRUST COMPLIANCE Title: OFFICER Phone: 212-895-4836 Signature, Place, and Date of Signing: GREGORY W SPOCK NEW YORK, NY 05-15-2019 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 13F COMBINATION REPORT.
    [Show full text]
  • ILPA Releases Second Report in Diversity in Action Series
    ILPA Releases Second Report in Diversity in Action Series Diversity in Action – Sharing Our Progress Report Details the Initiative’s Growth and Insights Into Integrating DEI Into Investment Strategies 1776 Eye St. NW August 31, 2021 (Washington, D.C.) The Institutional Limited Partners Association (ILPA) today released the Suite 525 second report in its Diversity in Action – Sharing Our Progress series. The report series is an extension of ILPA’s Washington, DC Diversity in Action initiative and aims to provide actionable recommendations on steps that can be taken to 20006 improve diversity, equity and inclusion in private markets. “The industry continues to respond positively to the Diversity in Action Initiative with new signatories joining every week,” said Steve Nelson, CEO of ILPA. “The Initiative now claims 180 signatories who have all been incredibly active in conversations with one another and have acted as tremendous partners to ILPA on our related work, having meaningfully contributed to our updated ILPA Diversity Metrics Template.” The Diversity in Action – Sharing Our Progress report series tracks the evolution of Initiative signatories by geography, strategy and fund size as well as progress on adoption of all the actions within the Framework. As of August 2021, the Initiative’s geographic reach is increasing, now with 38 signatories outside North America, a 52% increase in this cohort since April. The latest report focuses on how signatories are integrating diversity, equity and inclusion into investment strategies including
    [Show full text]
  • Financial Technology Sector Overview of Market Activity in the Financial Technology Sector William Blair & Company
    Quarterly Update Q1 2015 Financial Technology Sector Overview of Market Activity in the Financial Technology Sector William Blair & Company Financial Technology Sector – First Quarter 2015 Update M&A and capital markets activity remained strong during the first quarter of 2015, particularly in the United States. In fact, U.S. stock indices marked all-time highs during the quarter and deal-making activity continued its upward trajectory, propelled by improving confidence among consumers and corporate executives, low-cost credit, and record levels of cash. While market participants largely ignored the prospect of rising interest rates, a collapsing energy sector, global currency concerns, and continued economic uncertainty abroad, this could be an area of concern moving into the second quarter of 2015. One of the most prominent storylines within the financial technology sector in the first quarter was the escalating bets made on payments solutions by the likes of tech giants Apple, Google, and Samsung. The release of Apple Pay unilaterally raised the stakes across the industry and was a catalyst for a wave of high-profile announcements, including Samsung’s acquisition of LoopPay, Google’s acquisition of Softcard, and PayPal’s acquisition of Paydiant. Traditional payments providers are thus being further pressured to accelerate innovation and expand international reach, which has in turn refocused corporate strategies away from building domestic scale and vertical plays toward acquiring differentiated, earlier-stage, technology platforms with global capabilities. Global’s acquisition of Realex, Worldpay’s acquisition of SecureNet, and MasterCard’s acquisition of TNS’s gateway are recent examples of this trend, which we believe will be a significant driver of sector M&A activity going forward.
    [Show full text]
  • Nationally Approved Lenders, Visit
    Together, America Prospers Active Single Family Housing Guaranteed Loan Program (SFHGLP) Lenders Maine Oregon Alabama Maryland Pennsylvania Alaska Massachusetts Puerto Rico Arizona Michigan Rhode Island Arkansas Minnesota South Carolina California Mississippi South Dakota Colorado Missouri Tennessee Connecticut Montana Texas Delaware Nebraska Utah Florida Nevada Vermont Georgia New Hampshire Virginia Hawaii New Jersey Washington Idaho New Mexico West Virginia Illinois New York Western Pacific Indiana North Carolina Wisconsin Iowa North Dakota Wyoming Kansas Ohio Kentucky Oklahoma Louisiana This list includes institutions that have recently originated a Single Family Housing Guaranteed Loan in the state listed. For a complete list of nationally approved lenders, visit https://www.rd.usda.gov/files/SFHGLDApprovedLenders.pdf. If you have a question regarding this list, contact the Single Family Housing Guaranteed Loan Program (SFHGLP) Lender and Partner Activities branch at [email protected]. Active Single Family Housing Guaranteed Lenders Alabama 1STwww.1stalliancelending.com ALLIANCE LENDING, LLC. ARCADIAwww.arcadialending.com FINANCIAL GROUP, LLC CAHABAwww.cahabamortgage.com HOME MORTGAGE, LLC A MORTGAGEwww.amortgageboutique.com BOUTIQUE, LLC ARK-LA-TEXwww.benchmark.us FINANCIAL SERVICES, LLC DBA CALCONwww.onetrusthomeloans.com MUTUAL MORTGAGE, LLC ACADEMYwww.academymortgage.com MORTGAGE CORPORATION ARMYwww.allincu.com AVIATION CENTER FEDERAL CREDIT CALIBERhttps://www.caliberhomeloans.com/ HOME LOANS, INC. UNION ACOPIA,www.acopiahomeloans.com
    [Show full text]
  • Joseph Puddu, Et Al. V. 6D Global Technologies, Inc., Et Al. 15-CV
    Case 1:15-cv-08061-RWS Document 107 Filed 04/04/16 Page 1 of 60 THE ROSEN LAW FIRM, P.A. Laurence M. Rosen, Esq. Phillip Kim, Esq. Jonathan Horne, Esq. 275 Madison Avenue, 34th Floor New York, New York 10016 Telephone: (212) 686-1060 Fax: (212) 202-3827 Email: [email protected] Email: [email protected] Email: [email protected] Lead Plaintiffs’ Counsel UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK JOSEPH PUDDU, MARK GHITIS, Case No: 15-cv-8061-RWS VALERY BURLAK, and ADAM BUTTER CLASS ACTION Plaintiffs, JURY TRIAL DEMANDED v. 6D GLOBAL TECHNOLOGIES, INC., SECOND AMENDED COMPLAINT NYGG (ASIA), LTD., BENJAMIN FOR VIOLATION OF THE TIANBING WEI A/K/A BENJAMIN FEDERAL SECURITIES LAWS WEY, TEJUNE KANG, MARK SZYNKOWSKI, TERRY MCEWEN, AND NYG CAPITAL LLC D/B/A NEW YORK GLOBAL GROUP, Defendants. Case 1:15-cv-08061-RWS Document 107 Filed 04/04/16 Page 2 of 60 Lead Plaintiffs Joseph Puddu and Mark Ghitis, and named plaintiffs Valery Burlak and Adam Butter (the “Plaintiffs”), individually and on behalf of all other persons similarly situated, by their undersigned attorneys, for their Complaint against Defendants 6D Global Technologies, Inc. (“6D”), NYGG (Asia) Ltd. (“NYGG (Asia”)), Benjamin Tianbing Wei (“Wey”), Tejune Kang, Mark Szynkowski, Terry McEwen, and NYG Capital LLC d/b/a New York Global Group (“NYGG”) (collectively, the “Defendants”), allege the following based upon personal knowledge as to themselves and their own acts, and upon information and belief as to all other matters. Plaintiffs believe that substantial evidentiary support will exist for the allegations set forth herein after a reasonable opportunity for discovery.
    [Show full text]