| Passco Enters Self-Storage Market
Irvine, Calif.-based Passco Companies Development has formed a joint venture with an existing company to enter the self-storage market. The new enterprise, Patriot Self-Storage Management, expects to develop up to $90 million in facilities nationwide. Patriot will initially invest $70 million to $90 million to build 25 or more self-storage properties in secondary and tertiary markets in Albama, Arizona, Florida, Georgia, Minnesota, North Carolina, South Carolina and Texas, among other states. The joint venture is gearing up for two land acquistions and subsequent development projects in Florida. The company's president and CEO, Hal Perdew, heads JV partner Perdew Development. He was previously regional vice president for Public Storage Pickup and Delivery, a subsidiary of Glendale, Calif.-based Public Storage, the world's largest self-storage real estate investment trust.
AIM sets the record straight
AN Australian "misconception" that London's Alternative Investment Market is focused on resources is starting to change, according to financial advisers. Advisers Grant Thornton made the comment in a report that comes after AIM recently faced sniping from US rivals and regulators over disputed claims of poor regulatory standards. The number of Australian-listed companies on AIM has grown from 40 to 49 within a year. But AIM also lost Australians -- WA-based Palandri, involved in wine and managed investment schemes, in December cancelled its position there and is hoping to list here. It is understood that one of Palandri's main concerns was about the role of "market makers" -- dealers who boost stock liquidity by buying and selling -- in affecting its AIM share price.
Greenspan revels in new freedom of speech
During Alan Greenspan's 18 years as chairman of the Federal Reserve, the world's number-cruncher-in-chief relished his reputation as a deadly dull speaker. His scripts were carefully crafted to be nearly impenetrable, his body language was inscrutable. During a 30-minute speech at the Boca Raton Resort and Club in 1999, for instance, Greenspan never gesticulated and only occasionally glanced up from the lectern to look at his audience of CEOs. .
Congress Could Provide Money for School Construction
Garner — Second-District Congressman Bob Etheridge announced plans Tuesday to introduce legislation that could provide North Carolina with millions of dollars for school construction. The House bill calls for the federal government to offer $25 billion in no-interest bonds to school districts for construction needs, Etheridge said. North Carolina would get about $500 million under the proposal. "I have long believed if you invest in education, you will get a return on that investment," the Democratic congressman said. Etheridge, a member of the House Budget Committee, said his plan to fund the program would be pay-as-you-go. He said Congress could fund it without raising taxes, but he didn't provide specifics. The announcement was made at Aversboro Elementary School in Garner, which is expanding to accommodate a crush of students.
Indicative Ships Most Complete Service Delivery Management ...
FORT COLLINS, Colo., April 10 /PRNewswire/ -- Indicative Software today announced immediate availability of Indicative 8.0, the only single-product enterprise management solution today to deliver all of the capabilities needed to effectively manage massive, distributed enterprises from end to end for optimal service delivery. (Photo: http://www.newscom.com/cgi-bin/prnh/20070410/LATU029 ) Indicative has again leveraged the seamless extensibility of its unified architecture to add powerful new capabilities in a single, cohesive product. No other vendor similarly delivers Indicative's breadth of enterprise management capability; the closest competitors require users to buy anywhere from eight to 15 products to achieve the same measure of capability. "C-level executives, starting with the CIO, continue to internalize the value of IT-driven services and the critical contributions those services make to the success of their respective businesses," said Jasmine Noel, principal of Ptak, Noel Associates.
Gaydamak buys real estate firm Ocif in surprise move
In a lightning move on the eve of the Passover holiday, Arcadi Gaydamak bought control of real estate firm Ocif Investment and Development for NIS 580 million. Gaydamak purchased 53.09 percent of the company, which is involved in real estate investment, development and trusts.
The price reflects a company value of NIS 1.1 billion, twice its market value on the Tel Aviv Stock Exchange (TASE) of NIS 537.9 million.
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Titan Trading Analytics Appoints an Execution Specialist and an ...
EDMONTON, ALBERTA--(CCNMatthews - April 10, 2007) - Titan Trading Analytics Inc. (TSX VENTURE:TTA)(OTCBB:TITAF) ("Titan") and its wholly owned subsidiary, Titan Trading USA, are pleased to announce that it has appointed Anthony Savino, Execution Specialist, and Rahim Aziz, Grey Box Trader to Titan's New York Regional Office and Trading Team to assist with Titan's Grey Box (semi-automated) and Black Box (fully-automated) Equity Trading Division under its USA Trading Operations.
Anthony Savino has been an equities and options trader for over 10 years. His trading industry experience started when he worked as a clerk at a New York Stock Exchange Firm in the mid 1990's. His primary focus will be on expanding and improving Titans New York based trading operations. Over the last few years, Mr.
BI-LO Up For Sale
Lone Star said it has retained Merrill Lynch & Company as its lead financial adviser and William Blair & Company as the co-adviser to evaluate the sale.
The firm said it would not comment further on the sale until its board has approved a specific transaction.
Lone Star, which is based in Dallas, Tex., acquired BI-LO from the Ahold firm in 2004.
It bought BI-LO and Bruno's for total cash proceeds of up to $660 million.
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