| BTB Real Estate Investment Trust Announces $40 Million Brokered ...
MONTREAL, QUEBEC -- (MARKET WIRE) -- April 10, 2007 -- BTB Real Estate Investment Trust (TSX VENTURE: BTB.UN) ("BTB REIT") announced today that it has entered into an engagement letter with Blackmont Capital Inc. to offer trust units ("Units") for maximum gross proceeds to BTB REIT of up to $40,000,000 in reliance on applicable private placement exemptions (the "Private Placement"). The Private Placement will be made on a best efforts basis by a syndicate of investment dealers led by Blackmont Capital Inc. and including National Bank Financial Inc., Dundee Securities Corporation and Genuity Capital Markets (collectively, the "Agents"). The pricing of the Units will be determined by the Agents and BTB REIT in the context of the market. BTB REIT has agreed to grant to the Agents an option to acquire additional Units equal to 15% of the number of Units sold pursuant to the Private Placement.
Stock Market Update - Mon Apr 09 16:20:01 EDT 2007
[BRIEFING.COM] Stocks kicked off a new week with a customary sense of caution heading into earnings season and some uncertainty as to what a strong jobs report means for the economy and interest rate outlook. With investors unable to trade on monthly employment data Friday, a market preoccupied with concerns about a significant slowdown in economic growth initially found some comfort after March payrolls rose a stronger than expected 180,000. An upward revision to February's figure and the unemployment rate unexpectedly falling to 4.4% provided further evidence that the economy remains in good shape, notwithstanding the downturn in the housing and manufacturing sectors, and that consumer spending should continue to grow at close to the recent trend of 3% real growth. Be that as it may, a tight labor market accompanied by rising wage costs leaves a Fed still fixated on the "high level of resource utilization" with little reason to cut interest rates anytime soon.
The Attempted Theft of Two Nickel Producers: LionOre, Rio Narcea
Toby Hansen submits: Last summer the base metal market was a buzz with the bidding wars for nickel producers Falconbridge and Inco. The whole affair was intriguing with multiple bids and cross bids of takeover targets. Nickel at the time was on the move and had doubled from $6/pound in January. The victors in these battles were Xstrata, taking over Falconbridge for $18 Billion, and CVRD, claiming Inco at $17.6 Billion. Falconbridge was purchased for a handsome 15X cash flow multiple and Inco shareholders were rewarded with a 9X cash flow multiple. In the past couple of weeks, new bids were made for two profitable nickel producers, LionOre and Rio Narcea (RNO). The price of nickel last week hit a life-time high of over $23/pound. Considering the nickel price was almost half of today's price when the Falconbridge and Inco take-overs were raging, one would think that LionOre and Rio Narcea shareholders would see comparable or higher bids relative to cash flow: think again.
'I can't afford to get sick'
"I can't afford to get sick," the Hagerstown resident said. "Recently, I had a fever, sore throat and really bad head congestion. But I decided to ride it out." Miller said she works about 30 hours a week in retail. But as a part-timer, she doesn't qualify for health care coverage. And with her wages, she can't afford a private policy of her own. "I hate not having health insurance," she said. "But from the quotes I've received, all of my money would go for premiums. I have rent, utilities and car payments to consider." Miller said she did find a doctor who has put her on an installment plan when she needs medical care. "But there were times when I should have gone to the doctor that I didn't," she said.
Fremont General Reveals Deals To Sell $4 Bln Of Sub-prime ...
(RTTNews) - Wednesday morning, Fremont General Corp. (FMT | charts | news | PowerRating), a financial services holding company, revealed that it's wholly-owned industrial bank Fremont Investment & Loan or "FIL", entered into whole loan sale agreements to sell approximately $4 billion of its sub-prime residential real estate loans. The company said that it received approximately $950 million in cash from the first sale installment under the agreements and added that the remaining sales under the agreements are expected to be completed over the next several weeks. Further, the company said that it estimates the sale of the approximately $4 billion of its sub-prime loans will result in a pre-tax loss of approximately $140 million. The Santa Monica, California-based company said that it would sell the loans at a discount, reflecting current conditions in the subprime mortgage market.
How to get a strong return on your sales investment
A sales manager for a large media company recently asked me for my suggested reading on sales improvement. The executive's question underscored a lot of what I've been reading lately – there's a sales talent war in this country. Companies simply cannot get enough good salespeople. Not to oversimplify, but here are three basic solutions to the problem. You must take good care of your quality people. You need to help the good salespeople to find you and to recruit the best people. And, you should groom your employees on sales and relationship selling. Don't settle. Countless articles can easily be found on how to take good care of your good employees and on recruitment. Actually, many companies make the mistake of settling for mediocre salesperson when they hire.
Development Report Card For The States
The 2007 Development Report Card for the States was recently released by the nonprofit Corporation for Enterprise Development (CFED). The report is a comprehensive assessment of state economies based upon three equally weighted components: Performance, Business Vitality, and Development Capacity.
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Amateur chefs line up to dazzle judges
In a Washington County version of "Iron Chef America," appropriately titled the Men's Culinary Classic, local amateur chefs will test their prowess in the kitchen and maybe go home with a prize for their efforts. Last year, the first classic, held at the Washington County Fairgrounds in Chartiers, drew 27 entrants who vied for the People's Choice Award. This year, the fund-raiser for Community Action Southwest, scheduled from 6 to 9 p.m. April 21, is expected to draw more chef wannabees. .
Tina Dhar, Financial Planner, Receives NJ Accident & Health ...
Tina Dhar has received her New Jersey Accident & Health Producer License enabling her to provide Health Insurance in addition to her comprehensive financial services offerings.
[ClickPress, Tue Apr 10 2007] Tina Dhar has received her New Jersey Accident & Health Producer License enabling her to provide Health Insurance in addition to her comprehensive financial services offerings. The license, which she received in February, required an extensive course of study followed by a thorough examination.
Long-Term Care Insurance enables individuals to retain their independence and dignity when failing health requires special care. Ms. Dhar will be focusing on the importance of Long-Term Care Insurance for individuals, and help them evaluate their options, compare the costs and benefits of different programs, evaluate tax issues and choose the appropriate plan for their needs.
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