Ferrovial to sell off 10pc stake in BAA

first_imgFriday 22 October 2010 4:40 am Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.com Show Comments ▼ Tags: NULL whatsapp whatsapp John Dunne Ferrovial to sell off 10pc stake in BAA Spanish infrastructure firm Ferrovial it plans to sell a ten per cent stake in airports operator BAA in order to finance new investments and pay off debt.Ferrovial shares opened up four per cent and bucked a 0.35-per cent slump by the Madrid bourse.“The beginning of this process is within the policy framework of deriving value from Ferrovial assets, taking advantage of the financial solidity achieved at BAA,” the company said in a brief regulatory filing.A company spokesman said Ferrovial, which owns 55.87 per cent of BAA, hoped to settle a deal to sell the stake some time in 2011.“Our aim is to continue to be a strategic partner and leading shareholder in BAA,” the spokesman said.BAA runs airports including Heathrow, Stansted, Glasgow and Edinburgh. last_img read more

Broker team buys its way out of Brewin

first_img KCS-content Share Tuesday 15 February 2011 8:15 pm THE CORPORATE advisory and broking team of financial services group Brewin Dolphin has bought its way out of the company to set up a new firm.The asset manager agreed to sell the unit, which sees the departure of 55 professionals, in a deal worth £5m.The team has now established a joint venture with the financiers that backed the buyout, N+1 – a Spanish financial adviser and asset management group.The deal will also free Brewin Dolphin from its regulatory capital requirements, as it moves to become a pure investment manager.Following the transaction, N+1 will hold a 51 per cent stake in the new company, whilst the team will hold 35 per cent. Brewin Dolphin will retain a 14 per cent interest in the company.The deal is still subject to regulatory approval from the Financial Services Authority.The new business, to be called N+1 Brewin, will be led by Graeme Summers as managing partner.Summers, who joined Brewin Dolphin in 1990, formerly headed up the firm’s corporate advisory and broking division.He said: “It’s exciting times for the team. Brewin Dolphin has been a very good home for us for the past 20 years. There’s been a natural parting of ways, moving of the businesses in different directions“We’ll be moving towards a partnership with a highly successful international partner that has very complementary skill sets to what from the outset we were trying to achieve in this process.”EDWARD WILLIAMSWEST HILL CORPORATE FINANCEBREWIN Dolphin was advised by Edward Williams of West Hill Corporate Finance, a corporate finance advisory business focused on clients in the financial services and funds sectors. Previously, Williams advised on the £113m sale of Lloyds vehicle Cathedral Capital, as well as a private capital raising for specialist motor insurer Verex. He also worked on a £105m AIM capital raising for the Macau Property Opportunity Fund.Prior to joining West Hill, Williams was a managing director in HSBC’s Financial Institutions team. He has 15 years corporate finance experience and is a graduate of King’s College, London, where he read Law.West Hill’s Andrew Galloway also advised on the deal.Galloway, the former head of financial institutions at HSBC’s investment bank set up West Hill with other bankers in 2003.He has over 25 years’ corporate finance experience from mergers and aquisitions to equity and debt financing.Galloway led the formation of HSBC Investment Bank’s Financial Institutions team which was the bank’s largest revenue contributor for a number of years. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsappcenter_img More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Broker team buys its way out of Brewin Show Comments ▼ whatsapp Tags: NULLlast_img read more

Oil price drop and BofA forecast lift Wall Street

first_imgTuesday 8 March 2011 7:09 pm KCS-content whatsapp Tags: NULL AN upbeat profit forecast from Bank of America and a pullback in oil prices lifted Wall Street out of the technical danger zone yesterday in another sign of the market’s near-term resilience.The S&P 500 jumped back above a six-month trend line after closing just below it on Monday. Holding this level is a sign of strength, but traders will grow wary the more it is tested.Similarly, the Nasdaq composite index rallied from its 50-day moving average in another indication of an uptrend, although trading volume was lacklustre.Bank of America shot up 4.7 per cent to $14.69 after it forecast pre-tax profit of about $40bn annually longer term, higher than some investors had expected.Financial shares led gainers, with the S&P financial index up 2.2 per cent. Oil prices pulled back, with Brent crude down nearly 2 per cent at $113.06 a barrel after Kuwait’s oil minister said OPEC was in discussions to increase production. The Dow Jones industrial average gained 124.58 points, or 1.03 per cent, to 12,214.61. The Standard & Poor’s 500 Index added 11.69 points, or 0.89 per cent, to 1,321.82. The Nasdaq Composite Index rose 20.14 points, or 0.73 per cent, to 2,765.77. Oil price drop and BofA forecast lift Wall Street Share Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapplast_img read more

Pharma-Deko Plc (PHARMD.ng) 2013 Circular

first_imgPharma-Deko Plc (PHARMD.ng) listed on the Nigerian Stock Exchange under the Pharmaceuticals sector has released it’s 2013 circular For more information about Pharma-Deko Plc (PHARMD.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Pharma-Deko Plc (PHARMD.ng) company page on AfricanFinancials.Document: Pharma-Deko Plc (PHARMD.ng)  2013 circular Company ProfilePharma-Deko Plc manufactures, packages and markets a range of pharmaceutical and consumer products in Nigeria. Pharmaceutical products include Parkalin cough syrup, Revitone blood tonic, Salins liniment, Hexdene mouth wash, Brett mouth wash, Omepraz, Pharmadec drops and syrups, Phardol suppository and drops, Amycin dry powder and capsules, Anuproct suppositories, Vitacee drops and syrups, Antasil tablets, garlic tablets, Amoquin anti-malarial tablets and Parkprim suspension and tablets. The company also produces and sells a non-sugar cream soda; and manufactures and packages pharmaceutical and consumer products under contract. Established in 1962 and formerly known as Parke-Davis & Company (US), the company changed its name to Pharma-Deko Limited in 1990. It is now known as Pharma-Deko Plc. The company head office is in Ogun State, Nigeria. Pharma-Deko Plc is listed on the Nigerian Stock Exchangelast_img read more

Centum Investment Limited (CTUM.ke) HY2014 Interim Report

first_imgCentum Investment Limited (CTUM.ke) listed on the Nairobi Securities Exchange under the Investment sector has released it’s 2014 interim results for the half year.For more information about Centum Investment Limited (CTUM.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Centum Investment Limited (CTUM.ke) company page on AfricanFinancials.Document: Centum Investment Limited (CTUM.ke)  2014 interim results for the half year.Company ProfileCentum Investment Limited is an equity firm specialising in investing in areas of growth, developmental capital and buyouts and seek to make equity investments between US$2 and US$20 million. The company invests in enterprises in the agricultural, education, healthcare, energy, financial services, insurance, information and communication technology, food and beverages, catering, automotive, publishing, real estate, power and FMCG sectors. In the beverage sector, it invests in businesses manufacturing alcoholic and non-alcoholic beverages and carbonated soft drinks. These companies operate in and serve the needs of domestic markets in Africa sub-regions. In most private equity investments, it prefers to acquire a controlling and significant minor stake in the company. The head office of Centum Investment Company is in Nairobi, Kenya. Centum Investment Limited is listed on the Nairobi Securities Exchangelast_img read more

All Blacks show depth as they run riot against Italy

first_imgMonday Nov 14, 2016 All Blacks show depth as they run riot against Italy The All Blacks fielded a much changed side from their loss to Ireland in Chicago and quickly dismissed any hopes Italy had of getting the World Champions on bad form. The hosts scored just one try in the 68-10 rout, as New Zealand eased to a massive win.Malakai Fekitoa scored a brace while tries were also scored by Charlie Faumuina, Patrick Tuipulotu, Israel Dagg, Wyatt Crockett, Steven Luatua, Elliot Dixon, Rieko Ioane and Waisake Naholo.New Zealand face Ireland in Dublin next, for a rematch following the shock defeat a week ago.ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error All Blacks Related Articles 40 WEEKS AGO North vs South should be a permanent fixture… 40 WEEKS AGO Barrett could easily end up on All Blacks… 42 WEEKS AGO Future All Blacks? Here are the standout… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Editorial: NO al ‘embarazo forzado’

first_img“El derecho a controlar lo que le sucede a su propio cuerpo y a tomar decisiones médicas por sí mismo” es uno de los derechos universales de la humanidad, establecido en 1948 por las Naciones Unidas.Pero a partir del 11 de julio, a 4 millones de mujeres pobres de Estados Unidos y personas no binarias, predominantemente de color, se les está negando ese derecho humano. De acuerdo con una decisión del Tribunal de Apelaciones del Noveno Circuito, las reglas revisadas de Trump-Pence para el Título X pueden entrar en vigencia en 49 estados (excepto Maryland) hasta que los casos en contra de las reglas se resuelvan en varios estados.Este es el primer intento de convertir el programa de atención médica del Título X, diseñado en 1970 para promover la igualdad de género y de clase para los pacientes de Medicaid, totalmente en lo opuesto.El primer cambio al Título X fue en 1976, cuando la Enmienda Hyde imponía una enorme carga a los pacientes del Título X al prohibir el pago federal de abortos para cualquier persona, excepto las sobrevivientes de violación e incesto, o las mujeres cuya salud estaba en peligro por el embarazo. Actualmente, 17 estados eligen cubrir los abortos del Título X con fondos estatales.Ahora, esta nueva regla de mordaza doméstica promueve un programa de atención de salud anti-integral basado en la teología que prohíbe que todas las clínicas de atención médica financiadas por el Título X discutan las opciones de aborto. Y aquellos que brindan servicios de aborto deben establecer instalaciones separadas prohibitivamente costosas con diferentes procedimientos contables.Además, por primera vez, esta revisión abre el financiamiento a los “centros de crisis para el embarazo” y las organizaciones religiosas para que puedan promover  más fácilmente sus programas de lucha fanática contra el aborto, la “planificación natural de la familia”, el anti-feminista, el anti -LGBTQ2S +La política de raza Negra conocida a nivel nacional, Stacey Abrams, acuñó el término “embarazo forzado” para describir la ley contra el aborto recientemente aprobada en Georgia. Se aplica correctamente al ataque de Trump-Pence en los destinatarios del Título X.Este movimiento profundamente reaccionario del estado patriarcal, anti-clase obrera, con su agenda de derechas, supremacía blanca, anti-mujer y anti-género que no cumple con la agenda, está estableciendo reglas que niegan los derechos, en lugar de afirmarlos o ampliarlos.Este ataque flagrante ha generado la oposición de muchas ramas de las comunidades médicas, legales, civiles y de derechos humanos y en todos los niveles de gobierno.El estado de Washington se encuentra entre los que se retiran del Título X. Utilizará “solo fondos estatales para su programa de planificación familiar para minimizar cualquier duda sobre si los médicos podrían hacer referencias de aborto”. (Política, 11 de julio)La Dra. Leana Wen, presidenta de Planned Parenthood, el objetivo principal de la regla revisada, señaló que la organización no solicitará financiamiento del Título X. Ha reservado fondos para cubrir esa contingencia.En una declaración, Wen dijo: “Esta es una noticia devastadora para los millones de personas que confían en el Título X … para la atención primaria crítica y preventiva. Continuaremos luchando para bloquear esta peligrosa regla que le permite al gobierno censurar a nuestros médicos y enfermeras por hacer su trabajo”.Entre muchas clínicas y grupos de atención médica que ahora rechazan los fondos del Título X está la Community Healthcare Network, que recibió $700,000 en 2018. El CEO Robert Hayes dijo al sitio web Jezebel: “No cometeremos negligencia médica aquí. No vamos a mentirles a los pacientes”. (11 de julio)Este es un punto de inflexión en la sociedad estadounidense, para individuos y organizaciones. Es un momento de “de que lado estas?” en esta campaña criminal, lleno de odio, anti humano de Trump-Pence, en la frontera y en el dormitorio.Solo hay un lado en esta guerra de la clase dominante. ¿Está usted por los derechos humanos completos para todas las mujeres y las personas con no conformidad de genero? Si es así, ¿unirás tus brazos en las barricadas para luchar como nunca lo hemos hecho antes?Eso es necesario para acabar con este sistema capitalista que se basa en el genocidio, la violencia racial y el robo de salarios profundos, la misoginia sistémica y la opresión de clase.Es hora de reconocer la interseccionalidad de las opresiones y mostrar solidaridad en la lucha unida por un mundo donde se promuevan y honren los derechos humanos de todas las personas.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

TCU Police are being ‘extra vigilant’ following attack of woman on Trinity Trails

first_imgTCU places second in the National Student Advertising Competition, the highest in school history Previous articleTCU need not ‘stray away’ from what it’s doing well against No. 6 Oklahoma StateNext articleCongressman comes to campus to talk policy, inspire civic engagement Elizabeth Campbell RELATED ARTICLESMORE FROM AUTHOR Twitter TCU Police are searching for a suspect in a local attempted armed robbery. (Photo by Hank Kilgore) WATCH: Former Chief of Staff for Obama talks Trump administration, Democrats, liberal arts education Alumna joins ‘Survivor’ reality show in quest for a million dollars CRES negotiates move to interdisciplinary unit amid student resistance Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ Elizabeth Campbell is executive editor of TCU 360 and a senior journalism and political science double major. When not in the newsroom, she’s thinking about the news while probably watching TCU football or being a history nerd. Send her a tip if you have a story to share! Elizabeth Campbell World Oceans Day shines spotlight on marine plastic pollution Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ Linkedin printTCU Police are coordinating with Fort Worth Police on a search for a man who they said attacked a jogger Saturday while biking naked in the Trinity Trails area.“We are coordinating very closely with the FWPD, especially the detectives handing the case,” TCU Assistant Police Chief Robert Rangel said. “Just this morning [Tuesday] several students reported a suspicious person and when our officers responded and spoke to the person we called FWPD and released the suspect to their custody for disposition.”According to a FWPD press release, a naked white male, approximately 5 feet 10 inches with a thin build and brown hair, attacked a woman jogging on the south side of Trinity Trails.Officer Daniel Segura said that the woman “was punched several times with a closed fist and kicked a couple of times.”The man was sitting on a bench at the Trinity Trails near 1800 Rogers Road before he removed his clothes and rode a bicycle west. Officers could not find the man after being called, according to the press release.Police wrote that a jogger saw a naked man near a water crossing near mile marker cf310, west of 4800 Edwards Road. The man then allegedly chased and attacked her after she turned to run in the opposite direction. She escaped and called the police after fleeing to an Overton Woods subdivision.While TCU police do not have jurisdiction on the Trinity Trails, Rangel said that officers are being “extra vigilant” in the areas where they do have jurisdiction.“We would recommend students avoid the Trinity Trails area if possible for a few days while the FWPD investigates,” Rangel said. “We recommend that students who like to jog in the area do so in pairs or groups and remain vigilant about their surroundings. If they observe anything suspicious call police immediately.”Anyone with information should call (817)-392-4359 to report.This is a developing story and will be updated as information is released.  Breakdown: Cambridge Analytica, information warfare ReddIt Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ Facebook Linkedin Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ Facebook + posts Twitter ReddIt Welcome TCU Class of 2025last_img read more

What We’re Reading: Republicans speculate on election results, new HIV strain discovered

first_imgWorld Oceans Day shines spotlight on marine plastic pollution Linkedin Alejandra Sernahttps://www.tcu360.com/author/alejandra-serna/ Review: ‘Joker’ brings light to mental health issues Facebook Democratic gubernatorial candidate and Kentucky Attorney General Andy Beshear, along with lieutenant governor candidate Jacqueline Coleman, acknowledge supporters at the Kentucky Democratic Party election night watch event, Tuesday, Nov. 5, 2019, in Louisville, Ky. (AP Photo/Bryan Woolston) Alejandra Serna + posts ReddIt Welcome TCU Class of 2025 TCU places second in the National Student Advertising Competition, the highest in school history center_img Alejandra Sernahttps://www.tcu360.com/author/alejandra-serna/ Twitter Boschini encourages love letters for TCU’s ‘Lead On’ campaign ReddIt printRepublicans advise Trump that election results are “wake-up call”Democratic victories in Kentucky, Pennsylvania and Virginia Tuesday left some Senate Republicans concerned for President Trump and the GOP as the 2020 election nears.In a surprising turn of events, Kentucky – a typically red state – turned blue after Republican incumbent Matt Bevin lost in the gubernatorial race to Andy Beshear. Virginia Democrats took control of both houses and now have unified control of the state government for the first time in 26 years.Some Republican’s are trying to minimize the loss, others are urging for some type of correction.Sen. Lindsay Graham (R-S.C.) and Sen. Shelley Moore Capito (R-W.Va.) both mentioned the need to win back suburban voters going forward. Graham said that style and tone were more important factors than policy in Tuesday’s results. First new HIV strain discovered after two decadesScientists have found a new strain of HIV after 19 years of research, according to CNN.The report was published Wednesday — it stated that the strain is part of the Group M version of HIV-1, the same virus family that is responsible for the global HIV pandemic.This is the first new Group M HIV strain that has been identified since 2000.Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said that current treatments for HIV will work against this strain and others as well.“There’s no reason to panic or even to worry about it a little bit, not a lot of people are infected with this,” Fauci said. “This is an outlier.”2 million pounds of poultry recalled for metal contaminationThe U.S. Department of Agriculture’s Food Safety Inspection Service announced Wednesday that “extraneous metals” could be present in over 2 million pounds of chicken.The USDA classified this recall as “Class I” which means that the items produced between Oct. 21 and Nov. 4 are part of a “health hazard situation.”This means that there is a “reasonable probability that the use of the product will cause serious, adverse health consequences or death.”Simmons Prepared Foods is recalling several of its chicken products during the time period identified by the USDA. “Simmons has issued a precautionary and voluntary recall of approximately 2 million pounds of fresh and frozen chicken products,” the company said in a statement. “We are working closely with regulatory authorities and affected customers to expedite this product recall.” Former Twitter employees accused of spying for Saudi ArabiaTwo former Twitter employees have been charged by the Justice Department for using  Twitter’s information on objectors to spy for Saudi Arabia, according to the Washington Post.One of those implicated is a known associate of Saudi Crown Prince Mohammed bin Salman, according to court documents. The charges were brought a day after the arrest of former Twitter employee Ahmad Abouammo. He has been accused of spying on three users, including one who allegedly talked about the operations of Saudi leadership.The second former employee, Ali Alzabarah, is a Saudi citizen who allegedly accessed the personal information of over 6,000 Twitter accounts on behalf of Saudi Arabia in 2015. A third individual, Ahmed Almutairi, was charged for spying and allegedly acting as an intermediary between Saudi officials and Twitter employees. Facebook Previous articleThe Skiff: Nov. 7, 2019Next articleStarted from the bottom: Dennis Jr.’s long route to TCU Alejandra Serna RELATED ARTICLESMORE FROM AUTHOR Twitter Linkedinlast_img read more

Fair Warning: State Supreme Court Rules on Foreclosure Notices

first_imgHome / Commentary / Fair Warning: State Supreme Court Rules on Foreclosure Notices The Week Ahead: Nearing the Forbearance Exit 2 days ago Fair Warning: State Supreme Court Rules on Foreclosure Notices Act 91 Foreclosure Hladik imitation of foreclosure mortgage Onorato & Federman Pennsylvania Servicers Stephen M. Hladik Taggart The Supreme Court 2019-03-18 Staff Writer Related Articles in Commentary, Daily Dose, Featured, Foreclosure, Journal, News March 18, 2019 6,495 Views Share Save Tagged with: Act 91 Foreclosure Hladik imitation of foreclosure mortgage Onorato & Federman Pennsylvania Servicers Stephen M. Hladik Taggart The Supreme Court Previous: Why Reverse Mortgages Keep Moving Forward Next: How Natural Disasters Are Influencing Delinquency Rates The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Stephen M. Hladik, Esquire, is a principal in Hladik, Onorato & Federman, LLP. Formerly the youngest Deputy Attorney General in charge of the Harrisburg office of the Pennsylvania Bureau of Consumer Protection, Hladik brings a broad range of experience to his mortgage foreclosure, bankruptcy, tax sale, and UDAP legal practice. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago About Author: Stephen M. Hladik The Pennsylvania Supreme Court issued its long-anticipated decision on a question concerning notices of intent to foreclose in Pennsylvania – a question that has perplexed lenders and servicers for some time.  The issue involved situations where a foreclosure is pending and then either voluntarily withdrawn by the lender or dismissed by a court. If the lender chooses to proceed with another case after termination of a prior proceeding, and no new payments are tendered by the borrower, a question existed whether a lender was legally required to tender new Act 6 notice of intent to foreclose before commencing the second action.The Pennsylvania Supreme Court has answered this question, and now it is clear: upon termination of a foreclosure proceeding in Pennsylvania if the lender or servicer wishes to proceed with another case, and the action is governed by Pennsylvania Act 6, new notice must be tendered.  The state Supreme Court issued its Opinion on February 20, 2019, in the matter of JP Morgan Chase Bank N.A., by its successor Great Ajax Operating Partnership, LP v. Taggart, No. 6 EAP 2018 (Pa. 2019).In the decision, the Supreme Court reviewed several key statutes governing notice as well as the consequences of voluntary withdrawal of a case or dismissal by a court.  By way of background, Pennsylvania has two main statutes regulating notices of intent to foreclose, Act 6 and Act 91. Under Act 6, enacted in 1974, there is a specific notice that mortgagees must send to borrowers prior to imitation of foreclosure.  In 1983, the state adopted Act 91, and various amendments to that act have resulted in a new form of notice to be sent to borrowers prior to initiation of foreclosure. However, Act 91 has certain exceptions where it does not apply, specifically if the loan is insured by the FHA, or the loan is greater than 24 months delinquent, the arrears exceed $60,000.00 or the premises is not the principal residence of the borrower.In Taggart, Act 91 did not apply as the property was not the borrower’s principal residence. Hence, Act 6 governed initiation of the foreclosure process.  The lender sent the notice and commenced a foreclosure action. The borrower moved to dismiss the foreclosure action, and the lender did not reply to the motion, resulting in dismissal of the foreclosure action by the trial court.  The lender chose to file a new action and did not send any new notices prior to initiation of the new action.Taggart challenged the second proceeding, saying that the lender was required to send new notices before filing a new action.  The Supreme Court agreed with the borrower, and now the issue is clear in this state. If a foreclosure case is either withdrawn voluntarily or dismissed by a court, before starting a new action, if the case is governed by Act 6, a lender must send new notices of intent to foreclose. The Supreme Court stated, “A lender may not recycle a stale pre-foreclosure notice that it issued in connection with a prior complaint in mortgage foreclosure.”  Opinion at pp. 1-2. The Court concluded that “[i]n view of the statutory language, the occasion and necessity for Act 6, the mischief to be remedied, and the object to be attained, . . . Act 6 requires a new pre-foreclosure notice each time the lender initiates a mortgage foreclosure action.” Opinion at p. 14. Subscribelast_img read more