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WiMAX technology allows wireless service at much fastert speeds than3G networks. As part of the Kirkland, Wash.-based Clearwire (NASDAQ: CLWR) said that San Jose, Calif.-baseds Cisco (NASDAQ: CSCO) will provide core infrastructurefor Clearwire’ds national network and build new mobile devices compatiblew with Clearwire’s Clear 4G mobile WiMAXc service. Financial terms of the alliance weren’t disclosed. The two companiew will work to expand WiMAX services throughout theUniteds States. The multiyear network build-outr plan putting Clearwire's Clear 4G mobile service in more than80 U.S. marketsd by the end of 2010.
Cisco aims to introducew its first mobile WiMAX device laterthis year. Clearwire currently providex mobile WiMAX services in Baltimoreand Ore. The company expects to spend $1.5 billionm to $1.9 billion this year of the morethan $3 billioh it received from investors to launch WiMAX this year in citiesz such as Atlanta, Las Chicago, Dallas/Fort Worth, Honolulu, Philadelphi a and Seattle. Launches next year are expected inNew York, Washington, Houston and the San Francisco If it succeeds, WiMAX will reac as many as 120 million people by 2010.
Wednesday, December 14, 2011
Monday, December 12, 2011
He's a good running back. - ESPN
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USA Today | He's a good running back. ESPN "He's a good running back ... He does a good job for them," Urlacher told reporters when asked about Tebow. When asked what he thought of the passing of Tebow, who was 21-of-40 for 236 yards with a touchdown and an interception, Urlacher praised ... Urlacher on Tebow: 'H e's a good running back' Tebow proving good guys do finish first Week 14 thoughts: Blaming Bears' loss on play c » |
Saturday, December 10, 2011
Ten banks allowed to repay TARP funds - Silicon Valley / San Jose Business Journal:
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The Treasury Department did not name the 10 but said they were being approved for early repayment of the federal bailout funds under the Troubled Asset ReliefProgra (TARP) because the so-called stresd tests performed by the government revealed they were healthy enough to pay back the The department said the institutions have met the requirements for repayment establisheds by federal banking supervisors.
It notedc that many banks recently have raised equityh capital from private investors and haveissuesd long-term debt that is not guaranteed by the “These repayments are an encouraging sign of financial repair, but we stillo have work to do,” Treasuryt Secretary Tim Geithner said. More than 600 banks received a totap ofnearly $200 billion through the department’s Capital Purchases Program. About $2 billion of this moneyt was paidback previously. Under the program, bankes that repay their preferred stoco can repurchase the warrants that the TreasurytDepartment holds. Besides the proceedsd from the sales ofthe warrants, the departmenf also has received $4.
5 billion in dividend paymentas from program participants. Proceeds from the repayments to go theTreasurh Department’s general fund. They can be used to reduce the nationalo debt and can serve as a cushion in case the departmenr needs to respond to financial emergencied inthe future, the department said. The list of 10 bankd was not publicly disclosed, but many of the banks confirmesd separately in press releases that they receivec approval to buy back preferred shares sold to thefederak government, including two bankds with sizable Milwaukee-area presences: (NYSE: USB) and J.P. Morgan Chasr (NYSE: JPM). U.S. Bank was cleared to repay $6.
6 billion in TARP funds and Chase was approved to repahyall $25 billion in TARP funds it Locally based banks that received TARP fundd include and of Milwaukee, of Menomonee Falls and in Brookfield. M&I, the Milwaukee-area' s largest bank, was not amonbg the list of 10 banks approved to repay its TARP according tomedia reports. M&I said in May that it begab to sell stock in a sale that could raisr as muchas $350 million in proceeds, part of which the bank said it may use to repay a portion of the $1.7 billion capital infusion it received in November 2008 undedr TARP if approved by regulators.
The Treasury Department did not name the 10 but said they were being approved for early repayment of the federal bailout funds under the Troubled Asset ReliefProgra (TARP) because the so-called stresd tests performed by the government revealed they were healthy enough to pay back the The department said the institutions have met the requirements for repayment establisheds by federal banking supervisors.
It notedc that many banks recently have raised equityh capital from private investors and haveissuesd long-term debt that is not guaranteed by the “These repayments are an encouraging sign of financial repair, but we stillo have work to do,” Treasuryt Secretary Tim Geithner said. More than 600 banks received a totap ofnearly $200 billion through the department’s Capital Purchases Program. About $2 billion of this moneyt was paidback previously. Under the program, bankes that repay their preferred stoco can repurchase the warrants that the TreasurytDepartment holds. Besides the proceedsd from the sales ofthe warrants, the departmenf also has received $4.
5 billion in dividend paymentas from program participants. Proceeds from the repayments to go theTreasurh Department’s general fund. They can be used to reduce the nationalo debt and can serve as a cushion in case the departmenr needs to respond to financial emergencied inthe future, the department said. The list of 10 bankd was not publicly disclosed, but many of the banks confirmesd separately in press releases that they receivec approval to buy back preferred shares sold to thefederak government, including two bankds with sizable Milwaukee-area presences: (NYSE: USB) and J.P. Morgan Chasr (NYSE: JPM). U.S. Bank was cleared to repay $6.
6 billion in TARP funds and Chase was approved to repahyall $25 billion in TARP funds it Locally based banks that received TARP fundd include and of Milwaukee, of Menomonee Falls and in Brookfield. M&I, the Milwaukee-area' s largest bank, was not amonbg the list of 10 banks approved to repay its TARP according tomedia reports. M&I said in May that it begab to sell stock in a sale that could raisr as muchas $350 million in proceeds, part of which the bank said it may use to repay a portion of the $1.7 billion capital infusion it received in November 2008 undedr TARP if approved by regulators.
Thursday, December 8, 2011
Boeing bonuses to give a little boost to local economy - The Seattle Times
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Politico | Boeing bonuses to give a little boost to local economy The Seattle Times The $5000 signing bonuses in the new Boeing contract will make for some extra-nice holidays for the families of Machinists union members, and likely for at least some area retailers. But the payouts probably won't have ... Machinists vote Wednesday on co ntract extension that could give Boeing years ... Boeing workers approve 4-year contract extension Boeing Machinists Face 'Leap of Faith' in Landmark Wage Vote |
Monday, December 5, 2011
CAPITOL BRIEFINGS: Wrangling continues over changes to workers' comp - Crain's Detroit Business
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CAPITOL BRIEFINGS: Wrangling continues over changes to workers' comp Crain's Detroit Business LANSING -- For a couple of months, business and labor, and Democrats and Republicans, have squared off over a wide-ranging workers' compensation bill in the Legislature. And as the business-backed bill heads toward action in the session's final weeks, ... |
Hawaii perfectly placed to watch the December 10th total lunar eclipse Hawaii Health Guide Lunar eclipses have a rich role in history. According to Chinese folklore a dragon ate the moon during a lunar eclipse, and Christopher Columbus used a lunar eclipse in 1504 to scare the Jamaicans into giving him and his men ... |
Thursday, December 1, 2011
CoBiz posts $16M Q2 loss, begins stock sale - The Business Journal of Milwaukee:
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million, or 72 cents per share, in the seconsd quarter, as the weak economy continuedc to exact a toll on the officialssaid Monday. The loss compares with a profitof $4.2 or 18 cents per share, in the same quartedr a year earlier. Denver-based CoBiz (NASDAQ: COBZ) owns and Arizonqa Business Bank. The latest quarter’s results includd a $35.1 million pre-tax provision for loan and credi losses, or 150 percent of net charge-offws — which were $23.4 million for the period.
“We continue to take a conservativs posture in our provisioning forloan losses,” Chairmanh and CEO Steve Bangert said in a “Our second quarter provision brings our allowancew to loan ratio to nearly 3.9 one of the strongest in the industry. While I remainn confident in oursenior management’es ability to effectively respond to the current credigt obstacles, we felt it was prudent to continu building the allowance given the uncertainty in the economy.” Nonperforming assets ended the quarter at $93.9 million, or 3.7 percenty of total assets, up from $52.65 million or 2 percent of totaol assets on March 31.
Separately on Monday, CoBisz said it had begun a sale ofabou $45 million of its common stock. It will use the proceeds for general corporate including supporting the capital needs of itsbank subsidiary, expanding possible acquisitions and working capital needs. Last CoBiz announced it had hired Colorado and Arizonqamarket presidents, , to oversee bankingh operations in each market. “We remain focusecd on building our franchise durinhg these challenging times and want to ensurd we are positioned to take advantagde of unique market opportunities that we expecy willpresent themselves,” Bangert said.
“Too that end, we recentlyt announced the hiring of Coloradpo and Arizona market presidentw who will oversee all banking operationx in theirrespective markets, provide direction for future growth and free up some of our existinf resources to focus on high quality business development opportunities. We will also continue to dedicate appropriate resources througbh our Special Assets Group to address resolution ofproblemj loans.
”
million, or 72 cents per share, in the seconsd quarter, as the weak economy continuedc to exact a toll on the officialssaid Monday. The loss compares with a profitof $4.2 or 18 cents per share, in the same quartedr a year earlier. Denver-based CoBiz (NASDAQ: COBZ) owns and Arizonqa Business Bank. The latest quarter’s results includd a $35.1 million pre-tax provision for loan and credi losses, or 150 percent of net charge-offws — which were $23.4 million for the period.
“We continue to take a conservativs posture in our provisioning forloan losses,” Chairmanh and CEO Steve Bangert said in a “Our second quarter provision brings our allowancew to loan ratio to nearly 3.9 one of the strongest in the industry. While I remainn confident in oursenior management’es ability to effectively respond to the current credigt obstacles, we felt it was prudent to continu building the allowance given the uncertainty in the economy.” Nonperforming assets ended the quarter at $93.9 million, or 3.7 percenty of total assets, up from $52.65 million or 2 percent of totaol assets on March 31.
Separately on Monday, CoBisz said it had begun a sale ofabou $45 million of its common stock. It will use the proceeds for general corporate including supporting the capital needs of itsbank subsidiary, expanding possible acquisitions and working capital needs. Last CoBiz announced it had hired Colorado and Arizonqamarket presidents, , to oversee bankingh operations in each market. “We remain focusecd on building our franchise durinhg these challenging times and want to ensurd we are positioned to take advantagde of unique market opportunities that we expecy willpresent themselves,” Bangert said.
“Too that end, we recentlyt announced the hiring of Coloradpo and Arizona market presidentw who will oversee all banking operationx in theirrespective markets, provide direction for future growth and free up some of our existinf resources to focus on high quality business development opportunities. We will also continue to dedicate appropriate resources througbh our Special Assets Group to address resolution ofproblemj loans.
”
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