SGX and ASX announce plan for merger

first_img Show Comments ▼ Monday 25 October 2010 8:07 pm THE Singapore stock exchange (AGX) announced an $8.3bn (£5.2bn) takeover bid for the Australian stock exchange (ASX) yesterday, in an effort to boost its position in the region and compete with Hong Kong. The new exchange would be the second largest in the Asia Pacific region by number of companies listed, at 2,700 firms from around 20 countries. But the exchange would still lag behind Tokyo, Hong Kong and Shanghai in terms of market value. The combined company, ASX-SGX, is expected to generate revenues of approximately $1.1bn and earnings in the region of $700m.ASX and SGX will remain separate with locally regulated entities, and will also maintain their existing brands. SGX will pay A$22 cash and 3.473 new SGX shares for each ASX share, valuing the ASX at A$8.4bn, or A$48 a share. The deal is pitched at a 37 per cent premium to Friday’s closing price.However, the deal was received badly by investors in Singapore, where SGX shares closed down six per cent at S$8.950. ASX shares surged 19 per cent to A$41.75 – the biggest rise since November 1998. whatsapp KCS-content whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Share SGX and ASX announce plan for merger Tags: NULLlast_img read more

Paddy Power Betfair CEO urges ‘disciplined’ US marketing approach

first_img Online revenue up 15% across Europe as overall underlying EBITDA remains flat Finance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 2nd November 2018 | By contenteditor Tags: Mobile Online Gambling OTB and Betting Shops Paddy Power Betfair CEO Peter Jackson has stressed the importance of a “disciplined” marketing approach in the US as the company plans to make a “substantial investment” to build on early momentum in the country’s expanding sports betting sector.Jackson was speaking this (Friday) morning after the company posted its financial results for the third quarter, a period that included the wider roll-out of its sports betting services in the US.The firm’s FanDuel business, which it acquired in July, enjoyed a strong start to legalised sports betting in New Jersey, leading the market in the first full month of regulation and following up on this with an impressive showing in September.This helped to push the company’s revenue in the three months through to the end of September to £483m (€550m/$629m), up 8% on a proforma basis and 12% in constant currency, with online revenues in Europe improving by 15%.Proforma underlying EBITDA remained flat at £100m in constant currency, but was up 6% year-on-year when excluding the impact of US sports betting losses and betting tax increases.Jackson said that Q3 was an “exciting” period for Paddy Power Betfair and added that the firm witnessed “good momentum” in all of its existing businesses in the US, as well as it new FanDuel unit.“While it is early days, we are pleased with initial progress in the US,” he said. “Early indications in New Jersey highlight our strong position in the market.”Jackson also set out plans for “substantial investment” in US marketing efforts in order to maintain this momentum, but warned that the company will do this in a “disciplined manner”.As a result of this increased spend, Jackson said the company expects to post an EBITDA loss of around £25m for the current year.Jackson added: “In the US, the exciting potential of the sports betting opportunity and the strength of our strategic positioning has been evidenced by our experience to date in New Jersey.“FanDuel recorded a 30% share of the sports-betting market in September, driven by a market-leading customer proposition, our strong brand presence and the ability to cross-sell from our fantasy sports player base.”Jackson also noted the changes in UK tax laws, which were set out by Chancellor Philip Hammond in his Budget announcement this week. Remote gaming duty will increase from 15% to 21% from October 2019.Jackson said Paddy Power Betfair is “relatively well positioned to capitalise on growth opportunities in the UK”, despite higher tax rates coming into effect.Jonathan Hill, who started as chief financial officer at Paddy Power Betfair last week, agreed that the company is in a good position to pursue growth opportunities in various markets.Hill said: “I think the group is really well placed to take on the challenges that will come our way.”Jackson concluded: “Overall, we are pleased with the substantial progress we continue to make against our strategic priorities. Our continued investment in brands and customer proposition means that all our businesses will exit the year with enhanced competitive positioning.”center_img Paddy Power Betfair CEO urges ‘disciplined’ US marketing approach Subscribe to the iGaming newsletter Topics: Finance Sports betting Email Addresslast_img read more

Aluminium Extrusion Industries Plc (ALEX.ng) Q12014 Interim Report

first_imgAluminium Extrusion Industries Plc (ALEX.ng) listed on the Nigerian Stock Exchange under the Mining sector has released it’s 2014 interim results for the first quarter.For more information about Aluminium Extrusion Industries Plc (ALEX.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Aluminium Extrusion Industries Plc (ALEX.ng) company page on AfricanFinancials.Document: Aluminium Extrusion Industries Plc (ALEX.ng)  2014 interim results for the first quarter.Company ProfileAluminium Extrusion Industries Plc (NIGALEX) is a leading manufacturing company in Nigeria producing and marketing extruded aluminium products and coloured and wood products. Products in its extensive range include Cego flyscreens; projected window systems for institutions in the education, government, military and commercial sectors; industrial door systems designed for versatility and performance; partitioning systems with robust wear and tear features; multi-purpose stock extrusions for the maritime, aviation and construction sectors; swing door systems for commercial entrances; sliding window systems with removable operating sashes and bead-glazed; fixed louvres with fabricated railings; special provides available in round bars, T-sections, symmetric and square aluminium frames; curtain walls attached to building structures; AS46 flyscreens and customised fixed casements (windows and doors). NIGALEX has annual capacity of 5 000 tonnes of aluminium extrusion products and produces profiles in a press finish, wood finish, silver and bronze colour palette and modern powder-coated forms. The company has operations in Aba Abuja to serve the eastern and northern regions of Nigeria. Its head office is in Imo State, Nigeria. Aluminium Extrusion Industries Plc is listed on the Nigerian Stock Exchangelast_img read more

The Gym Group’s share price is down nearly 50% in 2020. Here’s what I’d do now

first_img Image source: Getty Images Edward Sheldon, CFA | Tuesday, 7th July, 2020 | More on: GYM Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Edward Sheldon, CFA Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this.center_img “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. The Gym Group’s share price is down nearly 50% in 2020. Here’s what I’d do now Shares in fitness centre operator The Gym Group (LSE: GYM) have underperformed in 2020. Year to date, The Gym Group’s share price has fallen nearly 50%. It’s not hard to see why. As a result of the Coronavirus lockdown, gyms across Britain have been closed since March.Could the stock offer rebound potential now that the UK is slowly coming out of lockdown and gyms look set to reopen in the near future? Here’s my view.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Strong growth pre-Covid-19The Gym Group had been growing at an impressive rate prior to the Covid-19 outbreak. Thanks to its low-cost memberships and 24/7 gym access, and its aggressive gym rollout model, revenue increased from £45.5m in 2014 to £153m in 2019. When I last covered the small-cap stock back in early 2018, I was quite bullish on it, given its momentum.The outlook for gyms has changedLooking ahead, however, I think The Gym Group could struggle to generate the same kind of momentum it had prior to Covid-19. There are a few reasons I say this.For starters, throughout lockdown, many of us have found new, innovative ways to work out. For example, I’ve set up my own little gym, complete with dumbbells, kettlebells and battle ropes, in my garden. Meanwhile, my wife has been taking yoga classes online. Others have taken advantage of new fitness technology such as Peloton exercise bikes, or followed fitness influencers such as Joe Wicks on YouTube.I think these new habits may stick for a lot of people. Given the enormous amount of money you can potentially save by not paying for a gym membership, I believe many people may skip the gym in the future (at least while Covid-19 is hanging around) and opt to work out at home instead. My views are backed up by a recent survey by GlobalWebIndex (GWI), which found that more than 40% of people said that they plan to work out at home more regularly following the pandemic.Secondly, the keenest users of gyms – those aged 20 to 40 – have been among the worst hit by coronavirus job losses. This potentially means lower levels of disposable income among this section of the population, which translates to fewer gym memberships.Finally, consider where many gyms are located. A large proportion are located in city centres or close to office buildings so that people can work out before or after work or at lunchtime. If we’re all working from home more in the future, many of these gyms could struggle to achieve the same level of memberships as they did pre-Covid.The Gym Group shares: my viewGiven that the operating environment for gyms now looks far more uncertain, I see shares in The Gym Group as a risky play right now.This is a company with a large amount of debt on its books that looks set to make big losses this year. If the operating environment doesn’t improve, it may struggle.All things considered, I think there are much better stocks to buy at the moment. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Edward Sheldon has no position in any shares mentioned. The Motley Fool UK has recommended The Gym Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

Reporter gunned down in cold blood in her home

first_imgNews News PhilippinesAsia – Pacific Help by sharing this information PhilippinesAsia – Pacific Philippines: RSF and the #HoldTheLine Coalition welcome reprieve for Maria Ressa, demand all other charges and cases be dropped Follow the news on Philippines News April 7, 2014 – Updated on January 20, 2016 Reporter gunned down in cold blood in her home Receive email alerts Organisation center_img June 1, 2021 Find out more February 16, 2021 Find out more May 3, 2021 Find out more News Reporters Without Borders condemns the execution-style killing of Rubylita Garcia, a reporter for the tabloid newspaper Remate, in Bacoor City, Cavite province, 25 km southwest of Manila, on 6 April. Aged 52 and a journalist for the past 20 years, Garcia was at her home when two individuals walked in with no attempt at concealment, shot her at least four times and then left on a motorcycle. Her son rushed her to a nearby hospital where she died a few hours later.“We offer our sincere condolences to Rubylita Garcia’s family and we urge the police to identify those responsible for her murder so that they can be brought to trial,” said Benjamin Ismaïl, the head of the Reporters Without Borders Asia-Pacific desk.“The authorities must urgently adopt concrete measures to immediately end impunity for this kind of violence or else they will have to shoulder much of the blame for the next attacks on journalist. Each murder of a journalist becomes the government’s responsibility because of its failure to react.”A member of the National Press Club and president of the Confederation of Active Media Practitioners’ Organizations, a newly formed group based in Calabarzon, Garcia recently began freelancing for DWAD, a local radio station, as well as working for Remate.Before dying of her gunshot injuries, she told her son she thought that Supt. Conrado Villanueva, police chief in the nearby town of Tanza, was behind the shooting. She and Villanueva reportedly had an altercation at Tanza’s police station on 3 April. National police spokesman Reuben Sindac announced that Villanueva has been suspended from duty so that he would not be able to influence the investigation.The Philippines is ranked 149th out of 180 countries in the 2014 Reporters Without Borders press freedom index, nine places lower than in 2013. With a total of eight journalists killed last year, it is one of the world’s deadliest countries for the media. Filipina journalist still held although court dismissed case eleven days ago RSF_en Mass international solidarity campaign launched in support of Maria Ressa to go furtherlast_img read more

Beneath the Roses

first_img Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Community News Many people say that beneath roses, there are thorns but under these Rose Parade Floats you’ll find hard work, a float driver and a metal chassis. At 7:00 a.m. this morning, 4 floats took a test ride a down Raymond Avenue at the Rose Palace and float riders practiced the all important fire drill.Today’s test drive was one of many that will take place almost every weekend until parade day. Among the float riders, drivers, technical crew and volunteers there is a tight knit community of roses.Rebecca Gardner, a decorating chief, came out to watch the test drive today. She has been a decorating chief since 1983 but has been involved in the parade since 1971.“I drove 6 or 7 years, I was one of the first female drivers,” she said. “Back then, then the floats were stick shift and you had to start them like a lawn mower,” she added. Gardner recalls her favorite Rose Parade memory as the time when a couple got married on the Huntington Hotel float she was driving in 1988. “It was very special,” she said.Pasadena Now also had the chance to chat with 7-time Rose Parade veteran, Chuck Hayes, at Phoenix Decorating Company.Each float consists of a reused metal chassis, painted foam and tons of floral materials and planning begins at least 6 months in advance. This year, Phoenix Decorating Company is responsible for 21 floats, including the opening float. The amount of work that goes into these floats is incredible and mostly done in the “float barns” under wraps.Each year, the Tournament of Roses president picks a theme and this year’s parade will focus on “Find Your Adventure.” Many floats include real bicycles for people to pedal alongside the petals. “It’s a great energizer and the parade is something you can really set your calendar by,” said Hayes.All the floats are one-of-a-kind designs that reflect the float commissioner’s values. “We like to push it out each year and give [the floats] a completely fresh look,” said Hayes. He adds that floats have become more elaborate and many now include bubbles, fireworks and moving parts in addition to their signature music and fresh florals.Roses are, of course, a popular choice but other materials, like coffee grounds and sea grass give the floats depth. All the materials are applied by hand, starting in December. The local Kiwanis Club and the Petal Pushers do most of the floral work but anyone can volunteer to help make the floats come alive. Some decorators drive from as far as San Diego to participate.“Many people don’t realize the magnitude of these floats. They’re awe-inspiring and there’s a great sense of pride that comes from working on them, “ said Hayes. Anyone can join the Rose Parade Community and make Pasadena bloom.For more information on how to volunteer to be a part of the Rose Parade, visit www.tournamentofroses.com/events/float-decorating. Make a comment Your email address will not be published. Required fields are marked * faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Subscribe Community News More Cool Stuff Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Business Newscenter_img Herbeauty12 Female Fashion Trends That Guys Can’t StandHerbeautyHerbeautyHerbeautyThese Lipsticks Are Designed To Make Your Teeth Appear Whiter!HerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeauty8 Celebrities People Don’t Love AnymoreHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeauty Top of the News 2 recommended0 commentsShareShareTweetSharePin it First Heatwave Expected Next Week Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Name (required)  Mail (required) (not be published)  Website  EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community News Beneath the Roses Story and Photography by VERONICA AN Published on Sunday, October 18, 2015 | 12:07 pm Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Mojo barking mad at breeder’s insult

first_imgTwitter Print Advertisement WhatsApp Linkedin NewsLocal NewsMojo barking mad at breeder’s insultBy admin – September 10, 2009 789 center_img Facebook Previous articleCois Fharraige 2009 Win TicketsNext article‘Feuds brought to Elm Park’ – claim admin Local dog deemed not ‘worthy’ enoughMOJO, a winner at the recent Limerick Dog Show, was not considered ‘worthy’ enough by a county Antrim owner for breeding purposes. The owner of the Newfoundland dog was recently looking for a mate for her pet, but felt insulted when told that there were no dogs of that variety worthy of breeding in the Limerick region.Sign up for the weekly Limerick Post newsletter Sign Up Mojo was purchased by his owner in Pallasgreen, and the Canadian Newfoundland breed was entered in numerous competitions, in which he often took first place.The animal was ‘top dog’ in a large breed category at this year’s Limerick Show in Patrickswell, and it was there that the pet owner met a dog groomer who told her that her 10-month-old pup could be a contender for championship shows.This prompted the owner, who also has a German Shepherd, to consider breeding the dog, and she and her husband began looking for a suitable mate. They got in touch with a breeder in Antrim.This breeder, who had previously entered dogs in Crufts, said a mate could not be provided as there were no Newfoundlands worthy of breeding from Limerick, and that it would be a waste of time to enter the dog in any competitions in other parts of the country where “the standard would be much higher”. The Limerick Post contacted Limerick Animal Sanctuary to find out if there was any foundation in this woman’s claims, and spokesperson Anne Kelly told us: “This is a totally unfounded claim, and there is no way she could know this to be true.“If the owner of the dog is still interested in breeding him, she should contact The Kennel Club to point her in the right direction, but this is a very weighty decision to make and shouldn’t be jumped into.“It’s generally not the best scenario to stud family pets as they change their behaviour. Also, Newfoundlands are quite costly to buy and tend to have large litters of puppies, so this may not be the best economic climate for it”. Newfoundlands are costly to buy. Emaillast_img read more

Deputy Tom dips his toe in comedy world

first_imgLimerick Ladies National Football League opener to be streamed live WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Print TAGSFine GaellimerickTom Neville LIMERICK Fine Gael TD Tom Neville says he’s “dipped his toe into the comedy world” as he stars in a new short-movie that will premier at the Richard Harris International Film Festival.The 44-year-old former DJ, teacher and county councillor has appeared in ten movies to date, having trained as an actor in his 20s.Sign up for the weekly Limerick Post newsletter Sign Up He plays ‘Dr Tom’, a working class GP, in ‘Everything Looks Better in the Sunshine’, which will hit the screens on October 27.The Rathkeale politician appears alongside actor and comedian Patrick McDonnell, who played oddball priest Fr Eoin McLove in the Channel 4 hit sitcoms Father Ted.In the movie, McDonnell’s character ‘Patsy’ attends Dr Tom’s practice after he’s run over by a woman on a bicycle with a basket of flowers, which causes him to develop an incredible sense of smell.The 12-minute film also stars Orlan Hannon and Amy Hughes, in a strong working class Limerick city accent, “with plenty of colloquialisms and dialect to boot”.“It’s a nice, upbeat movie. My character is a ‘very local’ Limerick city native. He went on to study at University and became a doctor, but still holds his local ways,” Neville explained.“It offers a nice contrast between how he is and how he articulates himself vis-à-vis the education and qualifications he has.”The move was shot entirely in Limerick last Summer and “shows off Limerick in a great light”.“It’s a comedy and the narration is comedic so it would be nice to get some reaction out of that, seen as though this is my first time dipping my toe into the comedy world.”He laughs off any suggestion he has already entered the world of comedy when he took his seat in the Dáil.“Well, the Dáil has a mixture of many characters, and I concentrate on my own job and what I have to do. Like like a hurler taking to the field, you concentrate on playing your own game and you leave others do what they have to do.”He says Dr Tom isn’t based on anyone he knows and working alongside Patrick McDonnell was “fantastic”.“He’s a very funny guy, and a great professional. It was great to work with someone who has had experience and exposure, to learn from them.”“It’s the same with all the actors and directors and producers I have worked with. Every time you work with these people you learn something new, and I’m extremely grateful for getting this opportunity.”‘Everything Looks Better in the Sunshine’ is written and directed by Mark Smith and Jonathan Farrell and produced by fellow Limerick man Ronan Cassidy. Limerick’s National Camogie League double header to be streamed live Twitter Donal Ryan names Limerick Ladies Football team for League opener Email Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash center_img Predictions on the future of learning discussed at Limerick Lifelong Learning Festival RELATED ARTICLESMORE FROM AUTHOR Linkedin Facebook WhatsApp Advertisement NewsDeputy Tom dips his toe in comedy worldBy David Raleigh – October 18, 2019 300 Previous articleNoah is Limerick’s new little graduateNext articleAdare Manor has been voted IAGTO European Golf Resort of the Year 2020 David Raleigh last_img read more

All Year files last-minute lawsuit to block Bushwick mezz foreclosure

first_imgShare via Shortlink Mack’s lawyers reacted quickly to All Year’s emergency order to show cause, filing an extensive response on the same day.“Plaintiffs submit no evidence to substantiate the assertion that either Plaintiff [Goldman or his LLC] attempted to make any $7.5 million payment to Mezzanine Lender,” Brian Hail of Goodwin Procter LLP wrote in a letter to the court. “The evidence shows that they did not make any payment.”Filings show that during a Thursday hearing, the court told the parties that the sale would not be allowed to proceed as scheduled if All Year made a $3.5 million payment to Mack by 5:30 p.m. The borrower would also be required to pay $4 million the following week.As of 8 p.m yesterday, Mack said it had not received any payment. “I have requested payment confirmation and identifying information from Plaintiffs’ counsel, but no confirmation or information has been supplied,” Hail wrote in a second letter to the court.Representatives for All Year and Mack did not respond to requests for comment.In addition to the $65 million mezzanine loan on phase two of Denizen Bushwick, All Year is in default on a $170 million senior loan for the property provided by JPMorgan Chase.Phase one of Denizen, a 750-unit rental complex, serves as collateral for the Series E bonds that All Year has issued on the Tel Aviv Stock Exchange. Trading on All Year’s bonds was suspended in January, a month after the company missed a bond payment and delayed its quarterly financial reporting.On Monday, All Year disclosed on TASE that the tenant entity at the William Vale hotel and office complex in Williamsburg would not make its scheduled $7.5 million biannual rent payment. Both the tenant and landlord LLCs at the William Vale — which backs All Year’s Series C bonds — are partially owned by Goldman.Contact Kevin Sun Full Name* Message* Tagsall year managementbushwickforeclosureMack Real Estatecenter_img The Denizen in Bushwick with Mack Real Estate CEO Richard Mack (Illustration by Kevin Rebong for The Real Deal)A day before the scheduled UCC foreclosure sale of its trophy Bushwick rental project, Yoel Goldman’s All Year Management filed a lawsuit in an attempt to block it from going forward.In the suit filed Thursday in Kings County Supreme Court, the Brooklyn developer accuses mezzanine lender Mack Real Estate of violating a forbearance agreement the parties reached in July by refusing a $7.5 million payment that would reinstate the loan.Mack “has refused to proffer an accurate payoff, or accept payment under its reinstatement agreement, because it seeks to wrest the property from plaintiffs at a steep discount,” All Year’s complaint alleges. “In effect, it is scheming to prevent Plaintiffs from paying off the mortgage as part of a scheme to unlawfully obtain the Property.”Goldman’s firm is seeking a permanent injunction barring the UCC foreclosure sale, and/or a judgment for damages of at least $70 million.Read moreAll Year faces foreclosure on part of Bushwick apartment complexAll Year Management in default on $170 million Brooklyn mortgageAll Year misses Israeli bond payment, sending values plunging Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Email Address*last_img read more

Regional differences in the life cycle of Calanoides acutus (Copepoda:Calanoida) within the Atlantic sector of the Southern Ocean

first_imgAll suitable data from the Atlantic sector of the Southern Ocean were compiled to elucidate regional differences in the abundance and life cycle of Calanoides acutus. Data from 205 stations (1928 to 1992) were pooled into 3 regions, namely the Scotia Sea (SS), the Weddell-Scotia Confluence/ northern Weddell Sea area (WSC) and the Eastern Weddell Sea (EWS). The regions contrast sharply: the ice-free SS has summer mixed layer temperatures ~3 to 4°C higher but summer chlorophyll a concentrations generally lower than the EWS, which is ice-covered for three-quarters of the year. C. acutus was rarer in the vicinity of the WSC than in the southern part of the SS or in the EWS. In all 3 regions seasonal vertical migration characterised the populations, but their appearance in the surface waters of the SS was 1 to 2 mo earlier than in the EWS, and was of longer duration. Because C. acutus is herbivorous, this is presumably a response to the timing of summer primary production. Despite the contrasting environments, spring/summer development rates were similar in all 3 regions, with moulting from copepodid CI to CIV taking approx 1.5 mo. Population mortality in autumn/winter was 0.0070 d-1 in the SS and 0.0059 d-1 in the EWS; highly variable abundance in the WSC area precluded mortality estimation. Based on summer moulting rates, winter stage structure and mortality rates, the life cycle appears to be completed normally within 1 yr in all 3 regions, but it is suggested that the shorter summer growth season in the EWS results in a small proportion of the population taking 2 yr to reach adulthood.last_img read more