State Street to post quarterly loss after selling $11bn securities

first_img More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Tags: NULL STATE Street, one of the world’s biggest institutional investors, said yesterday that it would post a fourth-quarter loss after it sold $11bn (£7bn) in securities to meet new regulatory requirements.The sales are the latest move by a new chief executive to refocus State Street on core operations such as custodial services, after the company was hard hit by the financial crisis.State Street said it would post a net loss of $350m for the fourth quarter, but operating earnings are still expected to top its results from a year earlier.The bank, which manages $2 trillion and has about $20 trillion in assets under custody, sold the mortgage-backed and asset-backed securities after regulators agreed on rules that will require large banks to have a bigger cushion of reserves in order to prevent another financial crisis.State Street said the sales will increase its balance sheet flexibility in deploying its capital, shore up its capital ratios under evolving regulatory capital standards, and reduce its exposure to certain asset classes.Since the financial crisis, State Street has tried to return to its historically more conservative roots. It cut costs through heavy layoffs and slashing the dividend. Earlier this year it appointed a new chief executive, Joseph Hooley, and recently it surprised analysts by announcing still more layoffs – another 1,400 positions are expected to go.In an interview, RBC Capital Markets analyst Gerard Cassidy said he would cut his estimate for State Street’s 2011 earnings by about 20 cents a share – from the current $3.90 – because the securities sales will mean lower income on State Street’s bond portfolio.Still, Cassidy said the sales were a good move because they make the bank less dependent on riskier assets.State Street’s shares closed one per cent lower yesterday at $45.74. KCS-content center_img whatsapp Show Comments ▼ Thursday 9 December 2010 7:35 pm State Street to post quarterly loss after selling $11bn securities last_img read more

Standard Chartered Bank Plc 2002 Annual Report

first_imgStandard Chartered Bank Zambia Plc (SCZ.zm) listed on the Lusaka Securities Exchange under the Banking sector has released it’s 2002 annual report.For more information about Standard Chartered Bank Zambia Plc (SCZ.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the Standard Chartered Bank Zambia Plc (SCZ.zm) company page on AfricanFinancials.Document: Standard Chartered Bank Zambia Plc (SCZ.zm)  2002 annual report.Company ProfileStandard Chartered Bank Zambia Plc is a leading financial services company providing products and services in three key segments: corporate and institutional banking (CIB), retail banking and commercial banking. The financial institution has a national footprint with 25 branches and four electronic banking centres located in the Copperbelt, Lusaka, Northern, North Western, Southern and Western Provinces. The CIB division provides corporate clients with solutions for trading, corporate finance, loans, trade finance, cash management, deposits and treasury. The Retail division services personal, priority and business clients; providing solutions for transactional accounts, deposits, overdrafts and loans, and investment service. The Commercial division manages mid-sized companies that fall between CIB and Retail banking. Standard Chartered Bank Zambia is a subsidiary of the Standard Chartered Bank Group which is an international financial services conglomerate, with headquarters in London, United Kingdom. Standard Chartered Bank Zambia Plc is listed on the Lusaka Stock Exchangelast_img read more

British American Tobacco Uganda (BATU.ug) 2009 Annual Report

first_imgBritish American Tobacco Uganda (BATU.ug) listed on the Uganda Securities Exchange under the Agricultural sector has released it’s 2009 annual report.For more information about British American Tobacco Uganda (BATU.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the British American Tobacco Uganda (BATU.ug) company page on AfricanFinancials.Document: British American Tobacco Uganda (BATU.ug)  2009 annual report.Company ProfileBritish American Tobacco Uganda Limited (BAT Uganda) grows and processes tobacco in Uganda and sells cigarettes and other tobacco products to the local market and for export. Brands sold by BAT Uganda include Dunhill, Rex, Sportsman and Safari. Tobacco is grown in 13 districts in Uganda through a network of tobacco farmers. The raw tobacco is transported to the BAT Uganda green leaf threshing plant in Kampala where it is processed and packed for local and export cigarette consumption. BAT Uganda also exports tobacco leaves to cigarette manufacturers in Europe, Asia and other African countries. BAT Uganda is a subsidiary of British American Tobacco Investments Limited. British American Tobacco Uganda is listed on the Uganda Securities Exchangelast_img read more

Stock market crash? I’m following Warren Buffett’s tips and buying shares

first_img Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” Roland Head has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. 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. 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. Roland Head | Saturday, 31st October, 2020 | More on: ^FTSE Image source: Getty Images Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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.center_img 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. After watching the FTSE 100 surge back to almost 6,500 in June, we’ve since seen a slow-motion decline that’s left the blue-chip index dangerously close to 5,500. Are we about to see a second stock market crash?I don’t really know. But I’m not too worried. In fact, I’m planning to follow the example of legendary US investor Warren Buffett. I’m not selling and I’ll ramp up my buying efforts if prices keep falling.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…I’m not sellingBuffett once said that “when we own portions of outstanding businesses with outstanding managements, our favourite holding period is forever”. That’s my aim. I only ever want to sell stocks if I no longer believe the companies are likely to make good progress in the future.Because my investing timeframe is pretty much open-ended, I don’t need to worry about share prices today. What I do need to worry about is whether the companies in which I’m invested can make a good recovery. Buffett has a quote for this, too — “the most important thing to do if you find yourself in a hole is to stop digging”.For this reason, I have sold a few shares this year. These have been strictly limited to companies where I have concerns about their financial health and growth prospects.Why I’m buying shares in the stock market crashBuffett once said that “the best chance to deploy capital is when things are going down”. I’ve been buying in recent months and as share prices fall, I’m planning more purchases.Although the coronavirus pandemic and likely recession is making things tough right now, history tells me that this situation won’t stay the same forever. At some point, the economy will return to growth, people will start travelling again and oil prices will (probably) increase.I’m certain that this will happen eventually. When it does, investors will suddenly forget the stock market crash and start buying shares again. Before then, I want to make sure that I’m fully invested in good companies I’ve bought at depressed prices. This should help me generate market-beating returns from my investments over the coming years.It’s easier to spot bad businesses todayI’ve got another Buffett quote for you: “Only when the tide goes out do you discover who’s been swimming naked”.What this colourful quote means is that when times are good, it’s much easier for companies to disguise their weaknesses and keep their profits (and share prices) inflated. When times are tough, it’s much harder to conceal any problems.I certainly feel that it’s easier to find good businesses at reasonable prices than it was a year ago. These are the stocks I’m trying to buy right now.What am I buying in the stock market crash?I’ll finish this piece off with one final Buffett quote. “Never invest in a business you cannot understand”.For this reason, I have stayed away from the rush to invest in small pharmaceutical stocks. I have no idea which will be successful, and which will disappear without trace.Instead, I’m sticking to sectors where I think I have some understanding. Examples of the areas where I have been buying include defensive consumer stocks, energy, financials, and technology. I just hope that share prices don’t start rising before I’ve finished buying! Simply click below to discover how you can take advantage of this. Enter Your Email Address See all posts by Roland Head Stock market crash? I’m following Warren Buffett’s tips and buying shareslast_img read more

How I’d invest in cheap UK shares using Warren Buffett’s tips to retire rich

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. How I’d invest in cheap UK shares using Warren Buffett’s tips to retire rich Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” Warren Buffett has an enviable track record when it comes to investing money in cheap stocks. Yet, he’s become one of the wealthiest people in the world through using a relatively simple strategy to great effect.At a time when the stock market crash has caused many cheap UK shares to become available, his disciplined approach and long-term view may be more relevant than ever in these unstable times.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…Indeed, it could lead to impressive returns in the long run that facilitate the building of a surprisingly large retirement portfolio.Warren Buffett’s disciplined approach to investing moneyWarren Buffett uses a disciplined strategy when investing money in stocks. He seeks to buy high-quality companies when they’re trading at prices that undervalue their long-term prospects. Should no such opportunities be available, he’s content in waiting for a time when they can be purchased.Such a situation could be present right now. The stock market crash has caused a wide range of cheap UK shares to come into existence. However, it’s important to approach their purchase with a disciplined strategy that could lead to less risk and higher long-term returns. For example, it may mean avoiding the very cheapest shares due to their weak financial positions, or lack of a competitive advantage. Similarly, it may mean waiting for more attractive prices to come along for the very best FTSE 100 and FTSE 250 shares.By using a Buffett-style disciplined approach, it’s possible to apportion capital more effectively. It may equate to investing in the very best opportunities from across the FTSE 100 and FTSE 250 after the stock market crash.A long-term approach to buying cheap UK sharesWarren Buffett’s time horizon is also exceptionally long. It means that his portfolio has a vast amount of time to benefit from compounding. The end result has been exceptional growth in his wealth over recent decades.Of course, holding stocks when they’re in profit can be a difficult process for any investor. There’s a temptation to sell out in favour of another investment. Similarly, holding stocks when they’re losing money is also a difficult process that can cause a significant amount of worry.However, Warren Buffett’s long time horizon may be beneficial given current stock market conditions. There continues to be a very uncertain near-term outlook for cheap UK shares. For example, the threat of a second market crash is likely to persist due to economic uncertainty. Meanwhile, the recent recovery seen in the FTSE 100 and FTSE 250 could well realistically continue.Therefore, taking a long-term view of stocks could be a logical strategy. It may improve a portfolio’s performance through allowing it time to benefit from compounding as a recovery gradually takes hold after the 2020 stock market crash. See all posts by Peter Stephens 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. Peter Stephens | Sunday, 15th November, 2020 Simply click below to discover how you can take advantage of this. 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. Enter Your Email Address Image source: The Motley Fool last_img read more

Constitutional court reduces agency’s censorship powers

first_imgNews TurkeyEurope – Central Asia RSF_en Follow the news on Turkey The court has rescinded additional powers granted last month but many more need to be repealed Human rights groups warns European leaders before Turkey summit News TurkeyEurope – Central Asia Turkey’s never-ending judicial persecution of former newspaper editor Journalists threatened with imprisonment under Turkey’s terrorism law to go further Receive email alertscenter_img April 28, 2021 Find out more News Help by sharing this information Organisation News Türkçe / Read in TurkishReporters Without Borders hails yesterday’s decision by Turkey’s constitutional court to rescind the additional online censorship and surveillance powers that the High Council for Telecommunications (TIB) was accorded in legislative amendments adopted last month.The court’s ruling that these powers were unconstitutional is an encouraging sign after a year of constant growth in online censorship in Turkey.September’s amendments allowed the TIB to order the immediate “preventive blocking” of websites on “national security,” “public order” or “crime prevention” grounds without seeking a judge’s permission first.They also gave the TIB the authority to gather all Internet user connection data independently of any judicial investigation.“This ruling serves as a reminder that national security requirements must be balanced against respect for freedom of expression,” said Johann Bihr, the head of the Reporters Without Borders Eastern Europe and Central Asia desk.“We hope parliament will act quickly on this decision. Nonetheless, much more must be done to fully guarantee freedom of information, including rescinding all of the TIB’s powers to block websites with referring to a court, ending widespread online surveillance by the intelligence agencies and an overhaul of Law 5651 on the Internet.”Even without last month’s amendments, Turkey’s Internet legislation is still very repressive. The TIB can still block websites without a court’s permission if they are suspected of violating privacy, if they have content that “discriminates against or insults certain members of society,” or if the TIB is acting to “protect the family and children.”The constitutional court already ordered the unblocking of Twitter and YouTube in April and in May in the name of freedom of expression.(Image: Constitutional Court of the Republic of Turkey) April 2, 2021 Find out more Related documents _bir_tek_aym_karariyla_bahar_gelmez_-2.pdfPDF – 67.47 KB October 3, 2014 – Updated on January 20, 2016 Constitutional court reduces agency’s censorship powers April 2, 2021 Find out morelast_img read more

Jacobs Awarded 2014 Cogswell Award from US Defense Security Service

first_img Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday More Cool Stuff 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. Business News Jacobs Awarded 2014 Cogswell Award from US Defense Security Service From STAFF REPORTS Published on Tuesday, August 12, 2014 | 12:16 pm Community News 23 recommended0 commentsShareShareTweetSharePin it Name (required)  Mail (required) (not be published)  Website  Make a comment Jacobs Engineering Group Inc. announced today that it was selected to receive the 2014 James S. Cogswell Outstanding Industrial Security Achievement Award from the Defense Security Service (DSS). The award was given to Jacobs’ Oxnard, Calif. facility that supports the Naval Air Warfare Center Weapons Division.The Cogswell Award recognizes contractor facilities for outstanding participation and compliance with the National Industrial Security Program. It is presented on an annual basis to the best in the industrial security field. Of the more than 13,300 cleared contractors, less than one-tenth of one percent are selected annually to receive this award. Including the 2014 award, Jacobs has received the Cogswell award 11 times.In making the announcement, Jacobs Group Vice President Robert Norfleet stated, “Receiving this prestigious award is a reflection of the dedication of our entire Oxnard team. We are pleased to be recognized by the DSS for our commitment to protecting information that is vital to our nation’s security.”Established in 1966, the Cogswell Award is named in honor of the late Colonel James S. Cogswell, United States Air Force, the first chief of the unified office of Industrial Security. Colonel Cogswell was responsible for developing the basic principles of the Industrial Security Program and emphasized the importance of the partnership between industry and government to accomplish industrial security objectives.Jacobs, one of the world’s largest and most diverse providers of technical professional and construction services, is growing its capability to serve the National Security industry. Its recent acquisition of Federal Network Systems (FNS) significantly enhances the company’s capabilities in the design, integration, security, operation and maintenance of highly complex mission critical voice, data and video networks for the Intelligence Community, the Department of Defense, and federal civilian customers. Business News Top of the News center_img faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Darrel Done BusinessVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Subscribe Community News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Herbeauty10 Sea Salt Scrubs You Can Make YourselfHerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeautyWomen Love These Great Tips To Making Your Teeth Look WhiterHerbeautyHerbeauty Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Your email address will not be published. Required fields are marked * First Heatwave Expected Next Week last_img read more

Bock banned from Facebook

first_imgWELL known Limerick blogger Bock the Robber was removed from Facebook this week shortly after launching a new wave political activism through ‘The National Interview’. The National Interview proposed that the public become the interviewer as politicians canvassed during the upcoming general election campaign. “Shortly after the group started, Facebook cancelled my account without warning and at the time 700 people had signed up to participate in the movement and people are still signing up on my website,” Bock explained to the Limerick Post.Sign up for the weekly Limerick Post newsletter Sign Up He had 800 fans on his Facebook page before it was cancelled.“I looked through their reasons for account cancelling and it referred to hate speech, pornography and posting racist comments none of which appear in my posts or groups”.Although he admitted that his posts often contain a lot of anti government sentiment, he feels he is hardly unique in that sense.“It’s unlikely that there has been any political interference but it seems a mighty coincidence that it should happen now, somebody must have flagged my account”.Despite the unsettling social networking experience Bock is determined that The National Interview takes place during the coming General Election Campaign.“Most people have a camera or video device in their home so when an election candidate arrives at your door, switch on the video, point it at them and say, ‘I’m going to ask you a question and I’m going to video you. I’m going to upload your reply to Youtube and Facebook.“If they’re on your property they can’t stop you, but that’s part of the fun -ask them a prepared question that is important to you.“The reaction will depend on the politician, the more arrogant may become boisterous and ask you to switch it off and some could scuttle off, but keep recording,”Tongue in cheek, he says: “Let the likes of Pat Kenny and Vincent Browne do their interviews, no reason why we shouldn’t do the interview too”.The blogger has queried Facebook’s decision to remove him and he said he does not intend to open another account on Facebook until he receives a valid reason.Meanwhile, a group has been established on Facebook by followers of his website entitled, ‘Bring Back Bock’. Twitter NewsLocal NewsBock banned from FacebookBy admin – January 26, 2011 628 Facebook WhatsApp Advertisement Email Linkedin Print Previous articleHijack accused remanded in custody with consent to bailNext articleLocal Fixtures Weekend of 29th January adminlast_img read more

Planned housing and medical campus further indication of positivity for Limerick…

first_img TAGSDee RyanKeeping Limerick PostedlimerickLIMERICK ChamberLimerick Post Twitter WhatsApp Limerick’s National Camogie League double header to be streamed live Advertisement Previous articleUL Hospitals Group staff vaccinations roll out continuesNext articleWes Hoolahan Wins League Two Player Of The Month Award Sarah Carrhttp://www.limerickpost.ie RELATED ARTICLESMORE FROM AUTHOR Limerick Ladies National Football League opener to be streamed live Email Printcenter_img Facebook Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash Donal Ryan names Limerick Ladies Football team for League opener WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Limerick Chamber chief executive Dee RyanPhoto: Oisin McHughTHE CEO of Limerick Chamber, Dee Ryan, has welcomed the announcement of €400m of planned investment in housing and a state-of-the-art medical facility as huge validation of the city and region’s status as a location for world-class inward investment.Responding to the news, Ms Ryan said that it is a massive vote of confidence in post-COVID Limerick.Sign up for the weekly Limerick Post newsletter Sign Up “This is a strong statement about Limerick’s resilience. Over the past six months, in what has been a time of great economic uncertainty the world over due to COVID, here in our corner of it we have had a number of significant job announcements, notably Regeneron’s good news story of expansion and 400 new roles in August and Indigo Telecom Group with 100 posts last month among others.  We’ve had the commencement of activity on the Opera Site development in November as well.  Now, in February, we have this announcement by Limerick City and County Council. Together, these are raising spirits across our city during challenging times.  This is a positive indicator as to what lies ahead as we navigate our way out of the current COVID challenge.”Ms Ryan continued: “The Chamber particularly welcomes the residential element of the development, bringing 200 new private, social and affordable units, which are badly needed  in Limerick. It’s early stages yet but the very fact that a medical provider such as UPMC is the healthcare partner in this proposal is hugely exciting. UPMC not alone builds and operates healthcare investments across the world but is known for its ethos of, where possible, locating them in areas that bring real social dividend. That’s extremely encouraging for the north-side of the city.“Our vision for Limerick is that we develop a thriving city with opportunities for all sections of our community and this proposed investment is going to ensure that type of balance is achieved.“We congratulate the local authority on leading and delivering an outcome that has huge promise for this part of the city.  It is now essential that we do whatever is necessary to support the delivery of this unprecedented opportunity for Moyross and the wider city and region .” LimerickNewsPlanned housing and medical campus further indication of positivity for Limerick – Chamber CEO statesBy Sarah Carr – February 13, 2021 203 Linkedin Roisin Upton excited by “hockey talent coming through” in Limericklast_img read more

Assurant Specialty Property Acquires eMortgage Logic

first_img Assurant Specialty Property eMortgage Logic 2014-09-04 Ashley Harris in Featured, Headlines, News About Author: Ashley Harris Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save  Print This Post The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Ashley R. Harris is the Editor-in-Chief for MReport and TheMReport.com and the acting Editor-in-Chief of DS News and DSNews.com. Ashley has years of experience as a financial writer having worked at The Houston Chronicle and Newsweek. She received her B.S. in journalism from the University of Houston and her M.S. in journalism from Columbia University School of Journalism. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago September 4, 2014 1,533 Views Assurant Specialty Property announced on Thursday it acquired eMortgage Logic, LLC in an effort to expand its risk management offerings for the mortgage industry. eMortgage Logic is a provider of residential valuation products and valuation technology services.Assurant acquired eMortgage Logic for an initial payment of $17 million in cash, with a possible earnout payment based on future performance, according to the company.“This acquisition builds on our core strengths in serving the mortgage industry,” said Gene Mergelmeyer, president and CEO of Assurant Specialty Property. “More than ever, we can serve mortgage originators, servicers and capital markets investors with a comprehensive suite of risk management solutions, from insurance to valuation to property preservation. eMortgage Logic augments our existing offerings and supports our business strategy, as we work to provide end-to-end services to mortgage and lending institutions.”Based in North Richland Hills, Texas, and founded in 2002, eMortgage Logic, which will retain its brand name, is expected to generate approximately $35 million annually in fee income from mortgage servicing and capital markets customers, according to company sources.“We’re thrilled to join Assurant, a leader in risk management for the mortgage industry and a Fortune 500 company with a strong financial foundation,” Sells said in a statement. “In this dynamic environment, local market valuation is a vital part of managing risk. We look forward to the opportunities created by this combination, which will enable us to better serve our clients’ evolving needs.” Assurant Specialty Property Acquires eMortgage Logic Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Assurant Specialty Property eMortgage Logic Servicers Navigate the Post-Pandemic World 2 days ago Home / Featured / Assurant Specialty Property Acquires eMortgage Logic Demand Propels Home Prices Upward 2 days ago Previous: DS News Webcast: Friday 9/5/2014 Next: Employment Growth Falls Well Short of Expectations for August Sign up for DS News Daily Subscribelast_img read more