Big 3 To Feds: Don't Forget Us Sep 11, 2008
"This time around, there is no upside potential for gain, only a downside risk of loss," he wrote. Still, the weak economy and upcoming election could seal a deal. (Investors Business Daily)
Pershing Square Capital Management Releases Letter to U.S. Treasury Department Regarding Fannie Mae and Freddie Mac Sep 7, 2008
To the extent the Treasury were to bail out the GSEs' subordinate debt - which was: (1) never implicitly guaranteed by the government, (2) always rated below Triple A by the rating agencies, and (3) held by investors who knowingly took on the risk of loss in exchange for a substantial credit spread above the GSEs' senior debt - it would endanger the systemic benefits from subordinate debt issuance for every highly leveraged banking institution in the world and the capital markets at large.... (PR Newswire)
Nobel Peace Prize Laureate Muhammad Yunus to Hold News Conference Friday, Sept. 5, in Oslo, to Discuss Charges Against Telenor Sep 5, 2008
The breach of Bangladeshi law imposed a risk of loss of the company's license as telephone operator. Furthermore, I personally have been condemned by the Bangladeshi media for this violation of Bangladeshi laws and have been accused of making illegal money. (PR Newswire)
TD Bank Financial Group Reports Third Quarter 2008 Results; Raises Dividend Aug 28, 2008
Operational risk is a new component of total RWA and represents the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. The Bank's RWA were as follows: > OSFI's target Tier 1 and Total capital ratios for Canadian banks are 7% and 10%, respectively. (Canada Newswire)
Gliding into trouble Aug 28, 2008
Thursday, August 21, 2008 Edition. I really do not want these guys buzzing the tops of my car. (Malibu Times, CA)
BMO Financial Group Reports Third Quarter Net Income of $521 Million Aug 26, 2008
The risk of loss on the SPV's portfolio varies by tranche ... Most of our CDOs and CLOs are held on behalf of our clients and the risk of loss is fully hedged with other large financial institutions. (Canada Newswire)
Risk management compliance holdouts get wake-up call Aug 20, 2008
A central purpose of ERM is to ensure that various business and IT groups "understand their responsibilities with respect to operational risk (the risk of loss from failed systems, people, inadequate processes or external events)," according to Gartner Inc.'s April 2008 report "A Risk Hierarchy for Enterprise and IT Risk Managers.". A related goal is to get various group leaders to start talking to one another on a regular basis in order to assess how threats in operational/IT areas like ,... (SearchCIO.com)
Actavis Receives Approval of Generic Wellbutrin XL(R) 300mg in the U.S. Aug 19, 2008
These factors include, among other things, exchange rate fluctuations, the risk that research and development will not yield new products that achieve commercial success, the impact of competition, price controls and price reductions, the risk of loss or expiration of patents or trade marks, difficulties of obtaining and maintaining governmental approvals for products, the risk of substantial product liability claims, exposure to environmental liability. SOURCE Actavis Group. (PR Newswire)
Fannie, Freddie Plummet On Concerns That Federal Bailout Increasingly Likely Aug 19, 2008
The value of some of the two companies' debt, which is at the biggest risk of loss in the event of a government rescue, fell to a record low in comparison with similar Treasury securities. Spreads on Freddie Mac 10-year subordinated debt widened over Treasury notes to a bid of 370 basis points and offer of 325 basis points, from a close of 285 basis points on Friday, according to one investor, citing a dealer's data. (Investors Business Daily)
TimberWest Releases 2008 Second Quarter Results and Announces a Review of Distribution Policy and Potential Capital Reorganization Aug 15, 2008
(ii) Market risk: Market risk refers to the risk of loss that may arise from changes in market factors such as interest rates, and foreign exchange rates. Interest rate risk refers to the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in market interest rates. (PR Newswire)
Market Forecaster Aug 13, 2008
The risk of loss in trading commodity futures may be substantial and, therefore, may not be suitable for the recipients of this information. Comments. (Midwest Bulls Eye, NE)
Emageon Files Quarterly Report Aug 12, 2008
These risks, uncertainties and other factors include, among others, risks associated with its ongoing investigation of strategic alternatives, the risk that it may not compete successfully against larger competitors, risks associated with the cyclical nature of its industry and changes in economic conditions in general, risks associated with its history of operating losses, risks associated with changes in its primary market for PACS radiology systems and the decline in PACS radiology system... (PR Newswire)
Protecting Yourself Against ID Theft Aug 6, 2008
But cash has an even greater risk of loss or theft so Im not suggesting you shred all of your plastic to protect yourself. Besides, federal law limits your liability if your credit card number is misused as long as you report the loss. (CBS News -- Early Show)
Syncora Holdings Ltd. Comments on Status of Jefferson County Alabama Aug 5, 2008
These factors include, but are not limited to: the outcome of the efforts to refund Jefferson County Alabama's outstanding sewer system debt; the outcome of SCA's negotiations with third parties concerning the restructuring of SCA; the closing of the transactions contemplated by the Master Transaction Agreement, Merrill Agreement and other related agreements; the decision by the New York Insurance Department and the Bermuda Monetary Authority or other regulators to take regulatory action with... (PR Newswire)
Need a safe place to park some cash? Consider a T-bill exchange-traded fund Jul 31, 2008
A. For most people, the $100,000 FDIC insurance limit essentially eliminates any risk of loss. Those who have more than $100,000 in their accounts or CDs should act to limit their deposit amount to $100,000. (Boston Globe)
Auditors say Portland parking meter plan's a lemon Jul 31, 2008
"The city would bear the entire risk of loss and damage to the meters and remain liable for all costs and expenses arising from the possession and use of the equipment, including the nearly $3 million it would be investing in parts replacement," the audit states. Because it would no longer own the meters, the audit says, the transportation department would be unable to sell the meters at the end of the five-year lease and could not continue using them without making further lease payments or... (OregonLive, OR -- News)
Corus' condo portfolio faces problems Jul 31, 2008
Corus said these projects still have a risk of loss, but that risk has been reduced. In Corus South Florida condo loans considered in good standing, it reported the following activity. (South Florida Business Journal, FL)
Marker forecaster Jul 30, 2008
The risk of loss in trading commodity futures may be substantial and, therefore, may not be suitable for the recipients of this information. Those acting on this information are responsible for their own actions. (Midwest Bulls Eye, NE)
Feds shut largest Ariz.-based bank Jul 26, 2008
Mutual of Omaha Bank bought all insured and uninsured deposits, meaning former First National Bank customers face no risk of loss from the failure. It was only the second time in the past 10 bank closings that another firm bought all deposits. (AZCentral -- News)
Boards discuss levees Jul 18, 2008
It was agreed that the grant should not be a matching grant and should be prioritized for communities with no tax income and greater risk of loss. "If a levee primarily protects a town and the town doesn't have a tax base, it should be first priority," Hodges said, adding that the levees alone could eat up the 250 million surplus. (Newport Daily Independent, AR)
American Honda recalling ATVs Jul 18, 2008
WASHINGTON - American Honda Motor Co. is recalling its 2007-2008 TRX 420 Rancher ATVs because of a risk of loss of control hazard. About 42,000 all-terrain vehicles are included in this recall. (FOX23.com, OK)
Meet the new city manager Jul 17, 2008
" Comments I had the opportunity to be at Jim Keene's first public meeting and also to chat with him a bit afterwards. I am looking forward to working with him on business, sustainability and technology issues, all of which involve civic engagement. Accolades to the Palo Alto City Council for choosing the right man in the right place at the right time! Carroll Harrington Posted by Carroll Harrington, a resident of the Community Center neighborhood, on Jul 15, 2008 at 2:13 pm Seems like the right... (Palo Alto Online, CA)
Final Proceed Amounts Distributed for MacroShares Oil Up and MacroShares Oil Down Jul 4, 2008
An investment in a MacroShare Holding or Tradeable Trust involves significant risks, including the risk of loss of substantially all of your investment. There is no guarantee as to the amount of any quarterly distribution or the amount of the final distribution to shareholders. (Primezone Releases)
Excerpts from N.D. Supreme Court's Blunt decision Jul 1, 2008
"Although the court addressed this issue within the context of the 'risk of loss' element of the offense, the court's finding that the expenditures created a public benefit in the form of happier, more productive workers would more appropriately apply, if at all, to the element requiring proof the expenditures were not authorized. If the court's rationale is that an unauthorized expenditure of public funds creates no risk of loss to the government if there is some tangential benefit to the... (Bismarck Tribune, ND)
Community banks report hefty losses Jun 26, 2008
Correction:The loan delinquency information from the FDIC for MidFirst Bank that was published in a page 1 story May 23 included loans backed by the federal government, which pose no risk of loss to MidFirst Bank. The percentage of 90-day plus delinquent loans primarily represents MidFirsts government-insured mortgage loans, related to its government loan servicing program. (Phoenix Business Journal, AZ)
Niko Resources Announces Fourth Quarter & Year End Financial Results Jun 25, 2008
The Company has deposited the cash equivalents with reputable financial institutions, from which management believes the risk of loss to be remote ... The Company takes measures in order to mitigate any risk of loss which may include obtaining guarantees ... The Company has deposited the cash equivalents with reputable financial institutions, from which management believes the risk of loss to be remote. (CCNMatthews Press Releases)
There's nowhere to go but up Jun 24, 2008
As long as the institution is FDIC insured, "you have no more risk of loss whether the bank is across the street or across the nation.". Consumers can open an account with an out-of-town bank online or through the mail. (Pittsburgh Post-Gazette, PA)
Agrium's Egypt project in limbo Jun 22, 2008
He added Agrium's risk of loss on an absolute basis equates to about $280 million, or less than $2 per share, but could be mitigated somewhat by equipment sales. Construction at the EAgrium site was halted by the Egyptian government in April. (Calgary Herald)
Security Capital Assurance Ltd Acknowledges Moody's Rating Actions Jun 21, 2008
These factors include, but are not limited to: recent and future rating agency statements and ratings actions; the outcome of the Company's dispute with Merrill Lynch International ("MLI") concerning the Company's termination of seven credit default swap ("CDS") contracts; the Company's ability to successfully implement its strategic plan; higher risk of loss in connection with obligations guaranteed by the Company due to recent deterioration in the credit markets stemming from the poor... (PR Newswire)
Housebuilders must disclose buyers' incentives Jun 12, 2008
According to CML, the potential problem is that buyers may find themselves with a mortgage worth more than the property's value, while lenders may find themselves exposed to the risk of loss. Michael Coogan, the CML's director general, said: "We are introducing these measures to help sustain confidence in the market for newly-built property."Lenders need to know about discounts and other incentives so they can be sure that the decision to offer a mortgage is based on a reliable valuation. (Telegraph.co.uk)
Start giving money lessons to kids May 30, 2008
There is an option to gamble in this game, but that carries an equal risk of loss. The uniqueness of this game is that the child actually thinks long term and gets a sense of ups and downs in life. (India Times)
ELMA FINANCES STRONG, BUT AUDITOR NOTES SOME ISSUES May 30, 2008
Said Drescher, "We believe that storing prepared, signed checks for months increases the risk of loss or misappropriation of the checks [and] we recommend that the town not prepare checks until the services have been rendered and the amount is due. Anytime that you hold onto a check, it's a problem," he added. Drescher also took the town to task for the extended role that water department Clerk Patricia Jakubowski plays in collecting and recording water rents and receipts. (East Aurora Advertiser, NY)
Kenya: Fake Cheques Hamper Safaricom Share Allocation May 21, 2008
"Certain preventive measures need to be put in place to ensure the protection of all stakeholders against any potential risk of loss that may dent the country's image and the credibility of our financial system," said the letter by Central Bank. CBK had also expressed concern over past cases where stockbrokers and investing agents converted investors' refund cheques for their own use through irregular endorsements, adding that many investors may not have collected their refund cheques from past... (allAfrica.com)
Brookdale Announces First Quarter 2008 Results May 8, 2008
Factors which could have a material adverse effect on our operations and future prospects or which could cause events or circumstances to differ from these forward-looking statements include, but are not limited to, our determination from time to time whether to purchase any shares under the repurchase program; our ability to fund any repurchases; the risk that we may not be able to obtain any consents necessary to effect the repurchase program; our ability to generate sufficient cash flow to... (PR Newswire)
Full Text: SEC Chairman Cox On Role of SEC May 8, 2008
It is impossible for anyone to say that in this case, "the system worked." It is true that the statutory scheme produced all that it ever demanded--no customer cash or securities were ever at risk of loss because of the elaborate protections they enjoy under the SEC's existing regulation, including the segregation of customer funds and securities. But that limited purpose, which views the SEC's role and that of other financial regulators vis-a-vis the nation's largest investment banks as limited... (Forbes -- Business)
Icahn, Peltz Used Morgan Stanley Options in Gaining Motorola, Heinz Stakes May 7, 2008
Put-call agreements and other legal or business arrangements that allocate risk of loss and benefit of gain can raise a number of HSR issues,'' said Marian Bruno, assistant director in the FTC's premerger notification office, in the letter, referring to the Hart-Scott-Rodino act. Whether a particular transaction requires a filing will depend on the specific facts involved. (Bloomberg)
FGIC and XLCA Meet with Jefferson County Officials; Offer Proposals for Overall Solutions to Debt Crisis May 3, 2008
These factors include, but are not limited to: recent and future rating agency statements and ratings actions; the outcome of the Company's dispute with Merrill Lynch International concerning the Company's termination of seven credit default swap ("CDS") contracts; the Company's ability to successfully implement its strategic plan; higher risk of loss in connection with obligations guaranteed by the Company due to recent deterioration in the credit markets stemming from the poor performance of... (PR Newswire)
The SAHPC Case: What Happens Next? Apr 15, 2008
Not only would a bond of that magnitude be nearly impossible difficult for the Panoramic Hills and Oak Foundation people to raise, "success" in doing so would expose them to a probable risk of loss of the full amount to the University if their appeal failed. Because the city was a plaintiff in the first round of hearings, a bond was not required, and the other plaintiffs got a free ride when their lawsuits were consolidated with the city's (so that the entire matter could be heard by one judge... (GoCyberBears.com)
Papering Over the Problem Apr 15, 2008
To keep Bear Stearns temporarily afloat, the Federal Reserve extended credit through JPMorgan and agreed to bear the risk of loss on Bear s collateral to the tune of $29 billion. The move stirred memories of Long Term Capital, the 1998 hedge-fund bailout that the Fed organized but did not fund, or the Resolution Trust Corporation, the government s massive publicly financed response to the Savings and Loan crisis. (The American Conservative)
Paulson Panels Call for Stronger Hedge Fund Disclosure, Management of Risk Apr 15, 2008
The push for more details on assets at risk of loss echoes the Group of Seven's call last week as policy makers seek to tighten supervision of capital markets. People have been shocked by the severity of the excesses caused by self-regulating mechanisms,'' said , head of research for Louis Capital Markets, a broker whose clients include hedge funds, in New York. (Bloomberg -- US)
G-7 Signals Concern Over Dollar Slide, Anticipates Weaker Economic Growths Apr 14, 2008
They urged financial companies to ``fully'' disclose in their mid-year earnings reports their investments at risk of loss. Firms should also establish ``fair value estimates'' for the complex assets that investors have shunned and boost their capital as needed, the G-7 said. (Bloomberg -- Canada)
G7 talk tough on US dollar slide Apr 14, 2008
They urged financial companies to ''fully'' disclose their investments at risk of loss and boost capital as needed. They chose not to outline new monetary or fiscal policies other than promising action ''as appropriate. (Sydney Morning Herald -- Business)
US, Europe warn of more 'bad news' Apr 14, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
iDayo Investor, Inc., Owner of the iDayo Indicator(TM), and its Partner iDayo International, Inc., Announce Concern of Compromised Web Site Apr 12, 2008
Investing involves the risk of loss and readers are urged to consult with their own independent financial advisors with respect to any investment. SOURCE iDayo Investor, Inc.. (PR Newswire)
G7 give bleaker view on global growth Apr 12, 2008
They urged financial companies to "fully'' disclose in their mid-year earnings reports their investments at risk of loss. Firms should also establish "fair value estimates'' for the complex assets that investors have shunned and boost their capital as needed, the G7 said. "The turmoil in global financial markets remains entrenched and more protracted than we had anticipated,'' the officials said in their statement. "Near-term global economic prospects have weakened. (Sydney Morning Herald -- Business)
Harry Winston Diamond Corporation Announces Fourth Quarter and Fiscal 2008 Results Apr 8, 2008
(c) Revenue Recognition Revenue from rough diamond sales is recognized upon delivery of merchandise when the customer takes ownership and assumes risk of loss, persuasive evidence of an arrangement exists, the Company's price to the customer is fixed or determinable and collection of the resulting receivable is reasonably assured. Revenue from fine jewelry and watch sales is recognized upon delivery of merchandise when the customer takes ownership and assumes risk of loss, collection of the... (PR Newswire)
Ceramic Protection Corporation Year End 2007 Financial Results Apr 4, 2008
Adjustments were also made to correct the timing of the recording of sales which were erroneously recognized at the time of title transfer and product shipment because the risk of loss remained with the Corporation until physical receipt of the shipment by the customer. The impact upon revenues is noted below and the increase of the net loss or decrease of the net earnings for these adjustments was approximately $43,000, $489,000, and $82,000 for Q1, Q2 and Q3 respectively. (Canada Newswire)
New York Fed President Geithner's Remarks On Bear Deal Apr 4, 2008
This is an important feature: the assets that are being pledged as collateral can be managed on a long-term basis so as to minimize the risks to the market and the risk of loss. They can be held or disposed of at any time over the next decade. (Forbes -- Business)
Fuld's Mantra of `Never Again' in '98 Makes Lehman Tougher to Beat in '08 Mar 17, 2008
When the recovered briefly in the fourth quarter, Lehman sold almost two-thirds of its holdings, reducing its risk of loss when prices retreated again this year. It'll be tough for anyone to avoid further writedowns,'' said Lister of DBRS. ``In the long term for Lehman though, the trajectory of the franchise is up. (Bloomberg)
SBCERA Named National ``Mid-Sized Public Plan of the Year'' by Editorial Industry Leaders Mar 8, 2008
The Board of Retirement s responsibilities and functions are governed by the applicable provisions of the California Government Code, along with the bylaws and regulations of SBCERA. It is the responsibility of those charged with administration of the Association to diversify the investments of the system so as to minimize the risk of loss and to maximize the rate of return. Contacts. (BusinessWire)
By Fisher Investments Mar 5, 2008
Investments in securities involve the risk of loss. Copyright. (Investors Business Daily)
Brookdale Announces Fourth Quarter and Full Year 2007 Results Feb 28, 2008
Factors which could have a material adverse effect on our operations and future prospects or which could cause events or circumstances to differ from these forward-looking statements include, but are not limited to, our ability to generate sufficient cash flow to cover required interest and long-term operating lease payments; our inability to extend or replace our credit facility when it expires; the effect of our indebtedness and long-term operating leases on our liquidity; the risk of loss of... (PR Newswire)
Five Convicted Of Fraud Feb 26, 2008
Prosecutors said AIG fraudulently booked $500 million in loss reserves, implying a risk of loss, when it should have booked a no-risk deposit, as General Re did. AIG later reversed the transaction and agreed in 2006 to pay $1. (FOX61, CT)
Societe Generale Took 13 Days, 28 Employees to Uncover Jerome Kerviel Lie Feb 22, 2008
You have two people: one makes the bank richer and one prevents the bank from earning because of risk of loss,'' said Tamar Frankel, a law professor at Boston University. So guess who has the upper hand. (Bloomberg -- Europe)
30-year mortgage rates at seven-week high Feb 22, 2008
ChoicePoint's products include a system to estimate the risk of loss on commercial insurance, software to track claims, and an automated claims-application process. Bloomberg News. (San Diego Union-Tribune -- Business)
Emageon Reports Fourth Quarter and 2007 Financial Results Feb 21, 2008
These risks, uncertainties and other factors include, among others, the risk that negative industry or market trends could adversely affect system sales, the risk that it may not compete successfully against larger competitors, risks associated with its history of operating losses, the risk of loss of its senior executive management, risk associated with expansion of its market and selling efforts into new product segments, the risk that its target markets do not develop as expected, the risk... (PR Newswire)
Bailout bites BMO ratings Feb 21, 2008
8 billion (Canadian), for Parkland, the bank said, adding the risk of loss is "low.". Structured investment vehicles sell short-term debt such as asset-backed commercial paper to buy longer-term investments that can include mortgage-backed securities and bonds, some with exposure to U.S. subprime mortgages. (Toronto Star)
Commodity Broker Lind-Waldock Launches New Enhanced Web Site, www.lind-waldock.com Feb 20, 2008
Futures trading involves the substantial risk of loss and may not be suitable for all investors. Web site. (PR Newswire)
ING Canada Reports 2007 Fourth Quarter and Year-end Results Feb 20, 2008
QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)
Riverton attorney wants lawmakers to study workplace liability Feb 20, 2008
What's not fair, argues Vincent, is that under the state's current system the risk of loss is placed on the innocent party (an injured worker) instead of the responsible party (a negligent employer). "Who should have the risk of not recovering their full compensation?" said Vincent. (Rapid City Journal, SD)
Mutual Funds &Personal Finance Feb 12, 2008
Investor's Business Daily: Risk Of Loss Tends To Fade With Time ... Risk Of Loss Tends To Fade With Time. (Investors Business Daily)
Gold regains its shine as an investment Feb 10, 2008
Although minor companies have greater potential for appreciation they also pose a greater risk of loss. "A junior mining company has maybe two mines," Mr. Pritchard said. (Pittsburgh Post-Gazette, PA)
We still have Social Security Feb 6, 2008
Opponents, however, pointed out that with the possibility of greater returns came a risk of loss. Social Security, they argued, was designed to provide guaranteed retirement for senior citizens, not give them money to risk in the stock market. (Atlanta Journal-Constitution -- Opinion)
Could cash be key incentive for losing weight? Feb 3, 2008
"It's the risk of loss," he said, explaining why the prospect of losing $1,000 all at once is more motivating that the slow bleed of wasting $1,000 a year on an unused gym membership. "That's a sunk cost," he said. (Pittsburgh Post-Gazette, PA)
BCCTA tackles grant, personnel issues Feb 1, 2008
Nice Try Potter wrote on Jan 30, 2008 9:13 AM:" Don't write a comment "don't you see" and not think that we know it is you Mr. Potter. You just made everyone's point. He booked 3 shows, in addition to all the other shows that normally appear at the BCC. Plus, the Broadway in Bartlesville under his direction made $11,000 on the first day of sales under Deaton, and $45 on the first day under Pat Smith. Plus, you are right he didn't go through the BCC to book those shows: which translates to no... (Bartlesville Examiner-Enterprise, OK)
