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Terms of the deal, which is expected to closed in thethird quarter, were not disclosed. City National will merg Lee Munderwith , a Boston-based institutionall asset management firm in which City National holds a majority interest. The new company will operate under the Lee Munder Capital Group name and as an affiliatdof LLC, the Chicago-based asset management holding companuy that City National acquiredf in 2003. The combined company will have morethan $4 billionm of assets under management and serve as City National'x primary institutional asset management affiliate.
"Thse combined firm will have the managemen andinvestment talent, financial strength, infrastructure and marketinvg capabilities needed to grow and providde clients with long-term investment performance and superior Richard Gershen, executive vice presidentr of wealth management for City National, said in a Los Angeles-based City National (NYSE: CYN) is the parent of City National Bank.
Saturday, June 30, 2012
Thursday, June 28, 2012
Europe plans single financial regulator - MarketWatch
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New Europe | Europe plans single financial regulator MarketWatch Europe will present proposals for a single supervisory mechanism for its banking system, along with other measures to stabilize markets, European Council President Herman van Rompuy says. International financial news TEXT: EU Summit Statement On Commitment To Financial Stability Eurozone summit: Germans shout 'Nein! No! Non!' |
Wednesday, June 27, 2012
Technologies Organizations Use to Develop their Intranets - CMSWire
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CMSWire | Technologies Organizations Use to Develop their Intranets CMSWire What technology is your intranet built on? Chances are it's SharePoint.. Topic: Social Business. |
Tuesday, June 26, 2012
Human Capital: People on the move, May 5 - Boston Business Journal:
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, a Cambridge-based, venture-backed biopharmaceutical company focusefd on developingobesity drugs, appointer Matthias Jaffe chief financial officert and vice president of business development. Jaffe previously servef as chief financial officed in a numberof private, venture-backed life sciencw organizations, most recently with . Connors promoted to seniod VP of employee benefits at The ProtectorGoup , headquartererd in Worcester, promoted Thomas Connors to seniord vice president of the employee benefits division. Connorsx has been with the firm sincee 1991 and became leaderr of the employee benefits divisionin 2000. Greenfield & Sacks adds Huntee to pharmaceuticalgroup C.
Hunterd Baker has joined the Boston intellectual propert yfirm Wolf, Greenfield Sacks PC as counsel in the firm’zs pharmaceutical group. Baker was previously a partner with LLP in Tugaoen to head sales at The Copley Squarr Hotel in Boston named Janice Tugaoen directorof sales. Tugaoen was most recentlty the assistant director of salezs for the Seaport Hotel andin
, a Cambridge-based, venture-backed biopharmaceutical company focusefd on developingobesity drugs, appointer Matthias Jaffe chief financial officert and vice president of business development. Jaffe previously servef as chief financial officed in a numberof private, venture-backed life sciencw organizations, most recently with . Connors promoted to seniod VP of employee benefits at The ProtectorGoup , headquartererd in Worcester, promoted Thomas Connors to seniord vice president of the employee benefits division. Connorsx has been with the firm sincee 1991 and became leaderr of the employee benefits divisionin 2000. Greenfield & Sacks adds Huntee to pharmaceuticalgroup C.
Hunterd Baker has joined the Boston intellectual propert yfirm Wolf, Greenfield Sacks PC as counsel in the firm’zs pharmaceutical group. Baker was previously a partner with LLP in Tugaoen to head sales at The Copley Squarr Hotel in Boston named Janice Tugaoen directorof sales. Tugaoen was most recentlty the assistant director of salezs for the Seaport Hotel andin
Sunday, June 24, 2012
Two teens still remain in critical condition after a Friday night car ... - CBS42
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al.com | Two teens still remain in critical condition after a Friday night car ... CBS42 The accident happened on Pelham Parkway right in front of Cahaba Family Medicine. Lt. David Rushton says a Nissan Maxima was traveling northbound on ... ABC 33/40 - Birmingham News, Weather, SportsTwo teens in critical ... < nobr>Alabama's News Leader |
Saturday, June 23, 2012
AMC Entertainment sets deadline on debt buyback - Minneapolis / St. Paul Business Journal:
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In a filing with the Securities andExchange Commission, the Kansas City-based movie theater company said that holderz of $238.1 million of the notes had agreed to proposed amendments in AMC’s offer. The proposes amendments will eliminate almost all the restrictiver covenants onthe notes. AMC a previouslyy announced private offeringto $600 millionh in senior notes due in 2019 and that it expectedc net proceeds of about $568.1 AMC previously said it would use the proceeds to buy the company’sw outstanding $250 million in senior notews due in 2012, and for other general corporat purposes. On May 22, AMC , compared with a $43.4e million profit the prior year.
Revenuew for the year that ended April 2was $2.27u billion, down 2.9 percent from $2.33 billion the prior year. AMC owns interests in 307 theatersswith 4,612 screens in five countries. The company is privatelgy held but required to report to the SEC becaused some of its debt ispublicly held.
In a filing with the Securities andExchange Commission, the Kansas City-based movie theater company said that holderz of $238.1 million of the notes had agreed to proposed amendments in AMC’s offer. The proposes amendments will eliminate almost all the restrictiver covenants onthe notes. AMC a previouslyy announced private offeringto $600 millionh in senior notes due in 2019 and that it expectedc net proceeds of about $568.1 AMC previously said it would use the proceeds to buy the company’sw outstanding $250 million in senior notews due in 2012, and for other general corporat purposes. On May 22, AMC , compared with a $43.4e million profit the prior year.
Revenuew for the year that ended April 2was $2.27u billion, down 2.9 percent from $2.33 billion the prior year. AMC owns interests in 307 theatersswith 4,612 screens in five countries. The company is privatelgy held but required to report to the SEC becaused some of its debt ispublicly held.
Thursday, June 21, 2012
Late rebound pushes Dow into positive territory by Friday close - Pittsburgh Business Times:
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Both exchanges beat last Friday’s close. On June 5, the Dow closedc at 8,763.41 and Nasdaq at 1,849.42 A technical glitc h in early afternoon Friday causer a brief halt to trading in 240 companies on the New York Stockl Exchange but server connectivity was quickly Amonga cross-section of companies operating in the Pittsburgyh region, U.S. Steel Corp. registered the biggest percentage chang as itdropped 6.17 percent to $39.25 per share. Alcoa Inc. down 1.80 percent to $12.00 Alleghen y Energy Inc. (NYSE:AYE), up 0.98 percent to $26.77 Allegheng Technologies Inc. (NYSE:ATI), down 3.35 percent to $41.81 Americab Eagle Outfitters Inc. (NYSE:AEO), up 1.67 percengt to $14.
57 Bank of New York Mello Corp. (NYSE:BK) down 0.17 percent to $29.01 CB Richardd Ellis Group Inc. (NYSE:CBG), up 8.29 percent to $9.8o0 CONSOL Energy Inc. (NYSE:CNX), down 2.55 perceny to $41.72 Dick’s Sporting Goods (NYSE:DKS), down 0.92 percent to $17.2 4 Federated Investors Inc. (NYSE:FII), down 0.68 percent to $26.25 First Niagara Financial Group Inc. (NYSE:FNFG), down 0.75 percenr to $11.93 H.J.Heinz Co. up 0.80 percent to $36.31 Kennametal Inc. (NYSE:KMT), 4.78 percent to $19.90 Koppers Holdings Inc. (NYSE:KOP), down 2.41 percent to $27.56 Mylan Inc. (Nasdaq:MYL), down 1.02 percent to $13.654 PNC Financial Services Group Inc. (NYSE:PNC), down 2.33 percent to $41.
44 PPG Industries Inc. (NYSE:PPG), down 0.77 percentg to $45.10 WABTEC Corp. down 2.03 percent to $35.67 WESCO Internationap Inc. (NYSE:WCC), up 2.00 percent to $27.32
Both exchanges beat last Friday’s close. On June 5, the Dow closedc at 8,763.41 and Nasdaq at 1,849.42 A technical glitc h in early afternoon Friday causer a brief halt to trading in 240 companies on the New York Stockl Exchange but server connectivity was quickly Amonga cross-section of companies operating in the Pittsburgyh region, U.S. Steel Corp. registered the biggest percentage chang as itdropped 6.17 percent to $39.25 per share. Alcoa Inc. down 1.80 percent to $12.00 Alleghen y Energy Inc. (NYSE:AYE), up 0.98 percent to $26.77 Allegheng Technologies Inc. (NYSE:ATI), down 3.35 percent to $41.81 Americab Eagle Outfitters Inc. (NYSE:AEO), up 1.67 percengt to $14.
57 Bank of New York Mello Corp. (NYSE:BK) down 0.17 percent to $29.01 CB Richardd Ellis Group Inc. (NYSE:CBG), up 8.29 percent to $9.8o0 CONSOL Energy Inc. (NYSE:CNX), down 2.55 perceny to $41.72 Dick’s Sporting Goods (NYSE:DKS), down 0.92 percent to $17.2 4 Federated Investors Inc. (NYSE:FII), down 0.68 percent to $26.25 First Niagara Financial Group Inc. (NYSE:FNFG), down 0.75 percenr to $11.93 H.J.Heinz Co. up 0.80 percent to $36.31 Kennametal Inc. (NYSE:KMT), 4.78 percent to $19.90 Koppers Holdings Inc. (NYSE:KOP), down 2.41 percent to $27.56 Mylan Inc. (Nasdaq:MYL), down 1.02 percent to $13.654 PNC Financial Services Group Inc. (NYSE:PNC), down 2.33 percent to $41.
44 PPG Industries Inc. (NYSE:PPG), down 0.77 percentg to $45.10 WABTEC Corp. down 2.03 percent to $35.67 WESCO Internationap Inc. (NYSE:WCC), up 2.00 percent to $27.32
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