firukendu-anchored.blogspot.com
Berkshire, the Pittsfield, Mass-based parent of , and CNB, the paren of in Worcester, Mass., first announced merge plans April 29. Berkshire would pay about $8.5 a share in stock for CNB. on May 13, Inc. (Nasdaq: of West Springfield offerex $10 a share for the Worcestef institution. A week later, Berkshire and CNB announcee revisedmerger terms, which were approvecd by the boards of both companies. CNB stockholder s would receive 0.4292 shares of Berkshire commomstock (Nasdaq: BHLB) for each sharre of CNB common stock (OTC: Based on Berkshire’s June 1 closing price, the deal has a current value of $9.27 a share.
Although this is stil below whatUnited offered, CNB said its boarde determined that United’s bid did not constitute a “superiotr proposal.” Among its considerations was the fact that the Uniteds offered a fixed value, whereas Berkshire’se offer will fluctuate with changes in Berkshire’s markeft price. But on May 26, United upped its offer to $10.25 a A few days later, CNB issued a statementg saying it had entered into discussions with Unitedand another, unname d bank that had made an unsoliciteed offer.
It said the agreement with Berkshire remains in and that it could not enter into an agreemen t with one of the otheer banks unless that pact wasfirsf terminated. CNB may not unilaterally terminate the deal with Berkshirw to accept asuperior proposal, but Berkshire may call off the deal if the CNB board fails to recommend it to shareholders. CNB shareholders themselves may nix the deal by votinbagainst it. “We believe that our offer to CNB is fairlgy priced and that it continues to be asuperioer offer,” said Michael president and CEO of Berkshire.
“Th e share exchange that we have agree d to offers the best long run investment opportunituy for the stockholdersof
понедельник, 30 мая 2011 г.
суббота, 28 мая 2011 г.
The short-sighted attack on collective bargaining - Boston Globe (blog)
batyushkinuxit.blogspot.com
The short-sighted attack on collective bargaining Boston Globe (blog) By David Weil Getting rid of collective bargaining rights for public sector unions may seem like a tempting strategy for state lawmakers seeking to solve their budget woes. Indeed, saving money was one of the reasons Wisconsin Governor Scott Walker ... Gov. Scott Walker gears up for round two in collective bargaining battle |
четверг, 26 мая 2011 г.
Gingrich stops short of backing Ryan's Medicare plan - Boston Globe
xoqylyjibo.wordpress.com
Gingrich stops short of backing Ryan's Medicare plan Boston Globe MANCHESTER, NH â€" Republican presidential candidate Newt Gingrich continues to back away from criticism he made this month of Representative Paul Ryan's plan to overhaul Medicare but he stops short of endorsing the plan. Yesterday, Gingrich delivered a ... |
понедельник, 23 мая 2011 г.
Kraft chief's cheesy behaviour close to contempt of parliament - The Guardian
barn siding
The Guardian | Kraft chief's cheesy behaviour close to contempt of parliament The Guardian The affair illustrates the limited power of select committees when trying to summon foreign bosses. Irene Rosenfeld, the Kraft chief executive, had declined to appear before the select committee on two separate occasions. ... |
суббота, 21 мая 2011 г.
Man who ran furniture company on N.C. coast found guilty of wire fraud - Triangle Business Journal:
mobile home siding
Henry Rayford Privette Jr., 49, of Johnds Islands, S.C., was accused of scamming customers who orderesd furniture from hisonline shop. Hundreds of people ordered furniturer fromthe business, known as Carolina between 2000 and 2003, according to the U.S. Attorney’s office in Raleigh. They were required to pay deposits, but they nevee got furniture and neverr were provideda refund, the attorney’s officw says. The false transactions amounted to millionsxof dollars. Privette faces up to 20 yearx in prison and a fineof $250,000 on each wire fraud the U.S. Attorney's offices says.
“We are very gratified that today a jury of citizen s found Henry Privette guilty of all charges broughyagainst him,” U.S. Attorney George Holding said ina “Mr. Privette’s scheme preyed upon hundreds of his fellow citizens and gave a black eye to the Northn Carolinabusiness community. Today’s verdict is a stronvg reminderto would-be thieves and con-men to steere clear of the Eastern District of North Carolina.
”
Henry Rayford Privette Jr., 49, of Johnds Islands, S.C., was accused of scamming customers who orderesd furniture from hisonline shop. Hundreds of people ordered furniturer fromthe business, known as Carolina between 2000 and 2003, according to the U.S. Attorney’s office in Raleigh. They were required to pay deposits, but they nevee got furniture and neverr were provideda refund, the attorney’s officw says. The false transactions amounted to millionsxof dollars. Privette faces up to 20 yearx in prison and a fineof $250,000 on each wire fraud the U.S. Attorney's offices says.
“We are very gratified that today a jury of citizen s found Henry Privette guilty of all charges broughyagainst him,” U.S. Attorney George Holding said ina “Mr. Privette’s scheme preyed upon hundreds of his fellow citizens and gave a black eye to the Northn Carolinabusiness community. Today’s verdict is a stronvg reminderto would-be thieves and con-men to steere clear of the Eastern District of North Carolina.
”
четверг, 19 мая 2011 г.
вторник, 17 мая 2011 г.
Fund drives
http://e4e-online.com/uk/about.php
A larger pool of donors giving smaller gifts helpedtop WBUR-FM’s (90.9) most recentg pledge drive over what the radio stationn took in the same time last year a significant feat given the troubledc economy and financial challenges hitting other entities. The current economifc crisis may have helpedthe highly-ratexd station by providing a seemingly bottomless well of storiee that listeners of WBUR — the main NPR news stationj in the region — craved. Paul LaCamera, genera manager of the station, said such news an increasing focus on local conteng combined witha “sophisticated” revenue-earning operation, drove a greatef number of listeners to give.
“Public radiop is the place where people get these stories in its mostsubstantivwe form,” he said. Pledges were up in the firstg halfof WBUR’s fiscal year, which begins July 1. The station’e pledge drive earlier this monthcollectedx $815,000, a 12 percent increase over the $728,0000 it took in the same time the previoue year, LaCamera said. WBUR’x October pledge drive earned morethan $1 a first in the station’s historyg and an uptick over the $985,000 it collected the same time the previouw year.
Those pledges along with a steadyg market of corporate sponsorship have buoyexd WBUR even as other NPR and indeedNPR itself, have been making cuts as economic volatility weighn heavily on public radio finances. Abou 7,770 people participated in the pledge drivethis month, said statio n manager Corey Lewis, compared with the 6,3123 that participated during the same time last year. But the average gift dropped toabout $105 per donor from about Lewis said. Larry Rosin, presidenft of Somerville, N.J.-based , called it the “Obamas effect,” referring to how President-elect Barack Obama’s campaignh collected massive amounts ofsmallee donations.
In fact, the shakg economic climate can actually cause loya l listeners to bemore generous, he “The fact that a lot of peoples are hurting right now and scared has seemefd to open up some pocketbooks,” Rosibn said. Such an effecr doesn’t always pay off. The mostly student-run radiop station of (88.9), which is not an NPR affiliate, saw an increased in donors and decrease in averags gift sizes during its November membership driv e resulting inabout $106,000 in pledges, which is a 15 percentt decrease compared with the previous year.
Michael Harrison, publisher of radio industry magazine Talkers, said the reasob for WBUR’s success is no “They do effective pledge drives. Some just do it by Whereas othersdo better, more compelling programming,” he But others in the NPR universe have not farede as well as WBUR. Earlief this month NPR, which is basefd in Washington D.C., said it woule cut 64 jobs and leave another 21 vacanftpositions unfilled. The nonprofit, whicg has a workforce of 889, will also cancel two programsait produces. NPR, which had been expectinvg a budget deficitof $2 million in fiscal 2009, now projects a deficiy of about $24 million as corporate underwriting revenue has fallen off.
, the Boston-basede public radio and television broadcaster, told the last week it woulxd cut about 12 jobs and thatthe , which represents unionizefd workers at the agreed to wage concessions in the new fiscal WGBH has implemented a hiring freeze and management agreed in September to a salarh freeze. WGBH spokeswoman Lucy Sholley said the cuts are due to a drop off in corporatd underwriting and inthe organization’s Other NPR affiliate stations, from Chicago to North Carolina, have been making cuts due to decreased in revenue. By contrast, WBUR’s corporate underwriting revenue has beenrunningt “dead flat” with where it was the previous LaCamera said.
The station took in aboutr $10.4 million underwriting in fiscal 2008, he said. Since LaCamera took the top helm at WBUR in late the station has added staffv and attempted to decrease the amount of debt the station owedto , which supports the station. He’s been able to reduced the debt toabout $10 million from $18 he said. Additionally, the station has createdf its own endowment fund withinbBoston University’s endowment that today is worth abouy $2 million. The goal is to use investmentt return from the fund to pay theapproximatelh $1.
5 million annual licensing fee WBUR pays to NPR, but LaCameraz said he doesn’t expect that to happen untilo the fund’s size reaches somewherw between $30 million and $35 LaCamera, who is the former general managerr of ’s (NYSE: HTV) WCVB-TV (Ch.5), was hires to help dig WBUR out of severalk years of budget deficits, said Scott Fybush, editor of industry onlinee newsletter NorthEast Radio Watch. “What LaCamera was broughtt in to do, and what he seem s to do really well from the was bring back somefinancial stability.” WBUR has implemented a hiringf freeze and reduced all automatic salary increasess scheduled for Jan.
1, LaCamera said, adding that anyonee making morethan $150,000 a year will receive no salaryt increase this year. LaCamera added that there are no jobcuts “Right now we have a singular goal,” he said, “which is to replicatee 2007 and 2008” financial
A larger pool of donors giving smaller gifts helpedtop WBUR-FM’s (90.9) most recentg pledge drive over what the radio stationn took in the same time last year a significant feat given the troubledc economy and financial challenges hitting other entities. The current economifc crisis may have helpedthe highly-ratexd station by providing a seemingly bottomless well of storiee that listeners of WBUR — the main NPR news stationj in the region — craved. Paul LaCamera, genera manager of the station, said such news an increasing focus on local conteng combined witha “sophisticated” revenue-earning operation, drove a greatef number of listeners to give.
“Public radiop is the place where people get these stories in its mostsubstantivwe form,” he said. Pledges were up in the firstg halfof WBUR’s fiscal year, which begins July 1. The station’e pledge drive earlier this monthcollectedx $815,000, a 12 percent increase over the $728,0000 it took in the same time the previoue year, LaCamera said. WBUR’x October pledge drive earned morethan $1 a first in the station’s historyg and an uptick over the $985,000 it collected the same time the previouw year.
Those pledges along with a steadyg market of corporate sponsorship have buoyexd WBUR even as other NPR and indeedNPR itself, have been making cuts as economic volatility weighn heavily on public radio finances. Abou 7,770 people participated in the pledge drivethis month, said statio n manager Corey Lewis, compared with the 6,3123 that participated during the same time last year. But the average gift dropped toabout $105 per donor from about Lewis said. Larry Rosin, presidenft of Somerville, N.J.-based , called it the “Obamas effect,” referring to how President-elect Barack Obama’s campaignh collected massive amounts ofsmallee donations.
In fact, the shakg economic climate can actually cause loya l listeners to bemore generous, he “The fact that a lot of peoples are hurting right now and scared has seemefd to open up some pocketbooks,” Rosibn said. Such an effecr doesn’t always pay off. The mostly student-run radiop station of (88.9), which is not an NPR affiliate, saw an increased in donors and decrease in averags gift sizes during its November membership driv e resulting inabout $106,000 in pledges, which is a 15 percentt decrease compared with the previous year.
Michael Harrison, publisher of radio industry magazine Talkers, said the reasob for WBUR’s success is no “They do effective pledge drives. Some just do it by Whereas othersdo better, more compelling programming,” he But others in the NPR universe have not farede as well as WBUR. Earlief this month NPR, which is basefd in Washington D.C., said it woule cut 64 jobs and leave another 21 vacanftpositions unfilled. The nonprofit, whicg has a workforce of 889, will also cancel two programsait produces. NPR, which had been expectinvg a budget deficitof $2 million in fiscal 2009, now projects a deficiy of about $24 million as corporate underwriting revenue has fallen off.
, the Boston-basede public radio and television broadcaster, told the last week it woulxd cut about 12 jobs and thatthe , which represents unionizefd workers at the agreed to wage concessions in the new fiscal WGBH has implemented a hiring freeze and management agreed in September to a salarh freeze. WGBH spokeswoman Lucy Sholley said the cuts are due to a drop off in corporatd underwriting and inthe organization’s Other NPR affiliate stations, from Chicago to North Carolina, have been making cuts due to decreased in revenue. By contrast, WBUR’s corporate underwriting revenue has beenrunningt “dead flat” with where it was the previous LaCamera said.
The station took in aboutr $10.4 million underwriting in fiscal 2008, he said. Since LaCamera took the top helm at WBUR in late the station has added staffv and attempted to decrease the amount of debt the station owedto , which supports the station. He’s been able to reduced the debt toabout $10 million from $18 he said. Additionally, the station has createdf its own endowment fund withinbBoston University’s endowment that today is worth abouy $2 million. The goal is to use investmentt return from the fund to pay theapproximatelh $1.
5 million annual licensing fee WBUR pays to NPR, but LaCameraz said he doesn’t expect that to happen untilo the fund’s size reaches somewherw between $30 million and $35 LaCamera, who is the former general managerr of ’s (NYSE: HTV) WCVB-TV (Ch.5), was hires to help dig WBUR out of severalk years of budget deficits, said Scott Fybush, editor of industry onlinee newsletter NorthEast Radio Watch. “What LaCamera was broughtt in to do, and what he seem s to do really well from the was bring back somefinancial stability.” WBUR has implemented a hiringf freeze and reduced all automatic salary increasess scheduled for Jan.
1, LaCamera said, adding that anyonee making morethan $150,000 a year will receive no salaryt increase this year. LaCamera added that there are no jobcuts “Right now we have a singular goal,” he said, “which is to replicatee 2007 and 2008” financial
суббота, 14 мая 2011 г.
Merge BART and Caltrain to put transportation on right track - San Francisco Business Times:
zemlyanikiyri.blogspot.com
Five-and-a-half decades ago (1962), voterw in San Francisco and two East Bay counties passeda $792 millionb bond measure — now paid off to build the original BART system. We need similar visio n now, like merging the BART and Caltrain counties into singlr rail rapid transit districtg to do what BART and Caltrain cannot doby themselves: provide nearly seamless rail transit with the five countiees of Alameda, Contra Costa, San San Mateo and Santa Clara.
Their close to 6 milliob inhabitants would have the political and financial clouftto grade, separate and widen Caltrain’s Peninsulqa line, including BART around the Bay; widen Interstate 580, Stater Route 4 and Interstate 80 medians for BART to Antioch and Crocket; and get a downtown San Francisco bulletg train station and a BART subway towarsd the Golden Gate Bridge; plus crossing-free lines for high-speefd bullet trains between San Jose, San Francisco and and the three major airports. With Joinyt Powers Agreements, BART would be positioned for extensions to theNorthg Bay, over the Altamont, and from Antioch to Let’s form such a district now.
Five-and-a-half decades ago (1962), voterw in San Francisco and two East Bay counties passeda $792 millionb bond measure — now paid off to build the original BART system. We need similar visio n now, like merging the BART and Caltrain counties into singlr rail rapid transit districtg to do what BART and Caltrain cannot doby themselves: provide nearly seamless rail transit with the five countiees of Alameda, Contra Costa, San San Mateo and Santa Clara.
Their close to 6 milliob inhabitants would have the political and financial clouftto grade, separate and widen Caltrain’s Peninsulqa line, including BART around the Bay; widen Interstate 580, Stater Route 4 and Interstate 80 medians for BART to Antioch and Crocket; and get a downtown San Francisco bulletg train station and a BART subway towarsd the Golden Gate Bridge; plus crossing-free lines for high-speefd bullet trains between San Jose, San Francisco and and the three major airports. With Joinyt Powers Agreements, BART would be positioned for extensions to theNorthg Bay, over the Altamont, and from Antioch to Let’s form such a district now.
четверг, 12 мая 2011 г.
Ravinia tower fails to find buyer - Atlanta Business Chronicle:
grearqakususi1426.blogspot.com
The hurdles preventing a new buyetr from acquiringthe 31-story Three Ravinia Drive are the same obstacles many investorzs face in the worst commerciak real estate market since the Savings Loan Crisis of the late 1980s and earl y ’90s. Three Ravinia is a trophh office tower ownedby Birmingham, Ala.-based CLP) and New York’sx DRA Advisors LLC. Built in 1991, the 813,000-square-foot towerd was nearly 86 percent leasec as ofMarch 31, filled with big corporate tenanta including The building’s employees have quick acceses to Interstate 285 and are a stone’sz throw from Perimeter Mall.
But with commerciak mortgage-backed securities (CMBS) now shut down as a sourcer of debt, and balance sheeg lenders suchas (NYSE: STI) and (NYSE: BAC) already overexposed to toxi c commercial loans, the capital to fund trophy-tower acquisitions in Atlanta and elsewhers has largely evaporated.
The hurdles preventing a new buyetr from acquiringthe 31-story Three Ravinia Drive are the same obstacles many investorzs face in the worst commerciak real estate market since the Savings Loan Crisis of the late 1980s and earl y ’90s. Three Ravinia is a trophh office tower ownedby Birmingham, Ala.-based CLP) and New York’sx DRA Advisors LLC. Built in 1991, the 813,000-square-foot towerd was nearly 86 percent leasec as ofMarch 31, filled with big corporate tenanta including The building’s employees have quick acceses to Interstate 285 and are a stone’sz throw from Perimeter Mall.
But with commerciak mortgage-backed securities (CMBS) now shut down as a sourcer of debt, and balance sheeg lenders suchas (NYSE: STI) and (NYSE: BAC) already overexposed to toxi c commercial loans, the capital to fund trophy-tower acquisitions in Atlanta and elsewhers has largely evaporated.
вторник, 10 мая 2011 г.
J. Jill to close one Jacksonville store - Minneapolis / St. Paul Business Journal:
http://seikkailupuisto.com/Adobe%20Illustrator%209.0/gl10/gl10-2.html
Nine of the 75 stores to be closedc arein Florida, including the one in The Avenues mall. A secone Jacksonville J. Jill location at the St. John s Town Center will remain In a statement announcing the Talbots President and CEO Trudy Sullivan saidit “enablesa us to focus our time, resources and attention exclusivelyt on rejuvenating our core Talbotws brand and return to profitable growth.” The transactio includes the transfer of certai n assets and liabilities to the buyer, including a distributiobn center in New Hampshire, the sublease of a portion of the Mass., headquarters and substantially all of the brand’s intellectual propertu and inventories.
The remaining 204 stores will continue to operatse underthe J. Jill brand. The headquarterd for the company will remainin Quincy. The J. Jill sale is expecteds to be completed in the second quarter and is subject to post closing SanFrancisco based-Golden Gate Capital acquired Jacksonville-based Venusz in 2006. The acquisition was Goldenn Gate’s 11th in two years. Last month Venuws announced that all 290 employees were in jeopardt of losing their jobs when the swimweadr and ladies apparel company lostits financing.
With its latesgt catalog recentlybeing released, Venus employees are still at least for now, and company executives are looking for a new buyer to acquire the
Nine of the 75 stores to be closedc arein Florida, including the one in The Avenues mall. A secone Jacksonville J. Jill location at the St. John s Town Center will remain In a statement announcing the Talbots President and CEO Trudy Sullivan saidit “enablesa us to focus our time, resources and attention exclusivelyt on rejuvenating our core Talbotws brand and return to profitable growth.” The transactio includes the transfer of certai n assets and liabilities to the buyer, including a distributiobn center in New Hampshire, the sublease of a portion of the Mass., headquarters and substantially all of the brand’s intellectual propertu and inventories.
The remaining 204 stores will continue to operatse underthe J. Jill brand. The headquarterd for the company will remainin Quincy. The J. Jill sale is expecteds to be completed in the second quarter and is subject to post closing SanFrancisco based-Golden Gate Capital acquired Jacksonville-based Venusz in 2006. The acquisition was Goldenn Gate’s 11th in two years. Last month Venuws announced that all 290 employees were in jeopardt of losing their jobs when the swimweadr and ladies apparel company lostits financing.
With its latesgt catalog recentlybeing released, Venus employees are still at least for now, and company executives are looking for a new buyer to acquire the
суббота, 7 мая 2011 г.
Madden: Jeter not only big-money player struggling - New York Daily News
hyhekim.wordpress.com
New York Daily News | Madden: Jeter not only big-money player struggling New York Daily News Some of the game's highest-paid sluggers and/or acknowledged best players on their teams are struggling just as mightily. If nothing else, this has created a frenzy of early season trading activity by panic-stricken fantasy baseball GMs. ... |
четверг, 5 мая 2011 г.
State senator wants to remove UC
http://infotreksys.com/protection.htm
In a release, Yee, who received his bachelor’s degreee from UC Berkeley, said that the Regents of the systemj think theyare “abovw the law.” The University of Californi a Office of the President shot back in its own saying that the system is one of the few agenciess in government that is working, that it’s flourished undert its autonomy, and that the salarie s it pays to top leaders is below the national average for comparable The state’s constitution guaranteef the regents autonomy on all issues related to managementr of the system since 1879.
The proposed SCA 21, and its counterpart on in theStats Assembly, ACA 24, need two-thirds approval from the legislaturd and then needs approval from state
In a release, Yee, who received his bachelor’s degreee from UC Berkeley, said that the Regents of the systemj think theyare “abovw the law.” The University of Californi a Office of the President shot back in its own saying that the system is one of the few agenciess in government that is working, that it’s flourished undert its autonomy, and that the salarie s it pays to top leaders is below the national average for comparable The state’s constitution guaranteef the regents autonomy on all issues related to managementr of the system since 1879.
The proposed SCA 21, and its counterpart on in theStats Assembly, ACA 24, need two-thirds approval from the legislaturd and then needs approval from state
вторник, 3 мая 2011 г.
NACA to add more than 1,000 jobs in Charlotte - The Business Review (Albany):
budimirukaovyril.blogspot.com
The hiring will begin immediately, with the nationakl nonprofit hosting a job fair Friday and NACA focuses on lendingto low- and moderate-income families. Gov. Bev Perdued announced the expansion Thursday, with the state giving NACA a $1 million grant from the One NorthCarolinaa Fund. It plans to invest more than $4 millionb here, with 1,014 jobs expected to be added over the nextfive “North Carolina remains a strong presence in the U.S. finance and this is a tremendous opportunityy forthe Charlotte-area,” Perdue “Our top-rated business climate and skille financial-services work force are attractive to growing nationakl operations.
” NACA is headquartered in Boston and operatesd more than 40 offices nationwide. It currentlty employs about 100 workers in Mecklenburg County to originate and processmortgage loans. Under the five-year state incentive the organization plans to add 550 jobs The jobs will pay an average annual wageof $35,982. Salaries will range up to $80,000p annually. The hiring will focus on mortgage negotiators, customer-service call-center managers and mortgage counselors. “NACA is excitedf that it’s putting more than 1,000 people to work during thesse tougheconomic times,” NACA Chief Executive Bruce Marks said Thursday.
“Today’s announcement is more than just a sounxdbite — we are following through on this investment by holdintg a jobs fair tomorrow to hire 550 people Perdue said Thursday that she consulted with former Bank of America Chairman Hugh McColl Jr. about the deal. McColl has been a longtime supporterof NACA’s work. BofA begann a partnership with NACAunder McColl’se watch in 1995 and in 2004 committed $6 billion to its lendintg program. Perdue says McColl confirmexd to her that he expectedd NACA could follow through on its job commitments in severalphone conversations.
“When someone beginz something like thisin Charlotte, it alwayd grows,” McColl said in an interview Thursday. “They’ll come in and find this is a good place tofind (a work force). I wouldf hope it would be an eruptionof jobs, not just trickls down.” The group claimes it will be the largest number of people hired immediately in one area and the larges job commitment in the country since the mortgagwe crisis began in 2007. The hiring comes as NACA embarks on a nationwides Save the Dream Marks says the added jobs are crucial as NACA leadss its campaign to makemortgages affordable.
Hundredzs of NACA staff will provides long-term solutions for homeowners with anunaffordable “Charlotte continues to be attractive becaus of our knowledgeable financial-services work force and we welcomd NACA’s investment in North Carolina,” N.C. Sen. Dan Clodfelter said in a release. NACA’s Counseling Centere is in the Charlottd East office park off Albemarle Road between Centrak Avenue and FarmPond “Charlotte continues to be recognized as a leader in financial serviced with a talented and experienced labor says Charlotte Chamber Chairman Tim Belk.
“We are pleasedf to welcome NACA to the communityu and look forward to the investmenr in jobs and presence they will bring to ourEast side.” The chambetr assisted NACA in its expansio n effort. Charlotte East owned Roger Kellogg, principal of , and leasing director Eric Speckmaj have worked closely with NACA since when the nonprofit established a small office inthe park. NACA has legallyg binding agreements with all themajor lenders/servicersd to restructure the mortgages they The NACA agreements cover more than 90 percentr of homeowners with an unaffordable mortgage.
The staftf from the Counseling Center in Charlotte will travel nationwid e to work on Save the Dreak events where morethan 25,00p0 people are counseled over four with thousands receiving affordable restructured mortgages with permanent interest rates often at 4 percent, 3 percentf and 2 percent and where necessaryu the principal reduced. The organization, starterd in 1988, has the primary goal of buildint strong, healthy neighborhoods nationwide throughaffordable homeownership. NACA operations includee financial counseling, specialized mortgage services and a Home Save prograk for homeowners with an unaffordable NACA will host a job fair from8 a.m. to 8 p.m.
Frida and Saturday at its Charlotte Counseling For more information about Neighborhood Assistancse Corporationof America, including employment opportunities, go to www.naca.com.
The hiring will begin immediately, with the nationakl nonprofit hosting a job fair Friday and NACA focuses on lendingto low- and moderate-income families. Gov. Bev Perdued announced the expansion Thursday, with the state giving NACA a $1 million grant from the One NorthCarolinaa Fund. It plans to invest more than $4 millionb here, with 1,014 jobs expected to be added over the nextfive “North Carolina remains a strong presence in the U.S. finance and this is a tremendous opportunityy forthe Charlotte-area,” Perdue “Our top-rated business climate and skille financial-services work force are attractive to growing nationakl operations.
” NACA is headquartered in Boston and operatesd more than 40 offices nationwide. It currentlty employs about 100 workers in Mecklenburg County to originate and processmortgage loans. Under the five-year state incentive the organization plans to add 550 jobs The jobs will pay an average annual wageof $35,982. Salaries will range up to $80,000p annually. The hiring will focus on mortgage negotiators, customer-service call-center managers and mortgage counselors. “NACA is excitedf that it’s putting more than 1,000 people to work during thesse tougheconomic times,” NACA Chief Executive Bruce Marks said Thursday.
“Today’s announcement is more than just a sounxdbite — we are following through on this investment by holdintg a jobs fair tomorrow to hire 550 people Perdue said Thursday that she consulted with former Bank of America Chairman Hugh McColl Jr. about the deal. McColl has been a longtime supporterof NACA’s work. BofA begann a partnership with NACAunder McColl’se watch in 1995 and in 2004 committed $6 billion to its lendintg program. Perdue says McColl confirmexd to her that he expectedd NACA could follow through on its job commitments in severalphone conversations.
“When someone beginz something like thisin Charlotte, it alwayd grows,” McColl said in an interview Thursday. “They’ll come in and find this is a good place tofind (a work force). I wouldf hope it would be an eruptionof jobs, not just trickls down.” The group claimes it will be the largest number of people hired immediately in one area and the larges job commitment in the country since the mortgagwe crisis began in 2007. The hiring comes as NACA embarks on a nationwides Save the Dream Marks says the added jobs are crucial as NACA leadss its campaign to makemortgages affordable.
Hundredzs of NACA staff will provides long-term solutions for homeowners with anunaffordable “Charlotte continues to be attractive becaus of our knowledgeable financial-services work force and we welcomd NACA’s investment in North Carolina,” N.C. Sen. Dan Clodfelter said in a release. NACA’s Counseling Centere is in the Charlottd East office park off Albemarle Road between Centrak Avenue and FarmPond “Charlotte continues to be recognized as a leader in financial serviced with a talented and experienced labor says Charlotte Chamber Chairman Tim Belk.
“We are pleasedf to welcome NACA to the communityu and look forward to the investmenr in jobs and presence they will bring to ourEast side.” The chambetr assisted NACA in its expansio n effort. Charlotte East owned Roger Kellogg, principal of , and leasing director Eric Speckmaj have worked closely with NACA since when the nonprofit established a small office inthe park. NACA has legallyg binding agreements with all themajor lenders/servicersd to restructure the mortgages they The NACA agreements cover more than 90 percentr of homeowners with an unaffordable mortgage.
The staftf from the Counseling Center in Charlotte will travel nationwid e to work on Save the Dreak events where morethan 25,00p0 people are counseled over four with thousands receiving affordable restructured mortgages with permanent interest rates often at 4 percent, 3 percentf and 2 percent and where necessaryu the principal reduced. The organization, starterd in 1988, has the primary goal of buildint strong, healthy neighborhoods nationwide throughaffordable homeownership. NACA operations includee financial counseling, specialized mortgage services and a Home Save prograk for homeowners with an unaffordable NACA will host a job fair from8 a.m. to 8 p.m.
Frida and Saturday at its Charlotte Counseling For more information about Neighborhood Assistancse Corporationof America, including employment opportunities, go to www.naca.com.
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