Pengana looks for property opportunities
The Pengana Strategy will focus on utilising opportunities created by mergers and acquisitions within the sector, it said. Deutsche Bank"s former joint head of real estate investment banking (Australia), Tim Shaw, will manage the strategy. Shaw argues that the loss on confidence in listed property trusts has created strong opportunities in the sector.
Globally, listed property markets have fallen dramatically over the past 12 months and particularly in Australia since the demise of Centro Properties Group in December 2007," he said. Earlier this year Money Management reported that the Mercer Property Sector survey covering 2007 had found that the Australian listed property market had begun to fall in February of 2007.
The Mercer survey said that in total there had been negative returns in seven of the 12 months until January of 2007. The fall in Australian property stocks reflects, amongst other things, falling asset values and associated income and the resultant potential breaches of debt covenants," Shaw said. Separately, there are high quality companies whose prices have been overly impacted by what has happened in the sector," he said. We will therefore target value opportunities in quality companies."
Pengana said that its strategy"s investment objective is to generate returns in excess of 18 per cent per annum over a three-year life. 22 April 2008 print this article..
Important keywords of article: the, of the, that the, the sector, the mercer, in the, the demise, the fall, the strategy, the loss
Affluent estate publications pool resources - Greenwich Time
The Modern Estate, which focuses on luxury homes, has editorial offices at 111 Cherry St. New Canaan. Suburban Classic's office is in Ridgewood, N.J. The magazine caters to country club members with children in private schools. It has articles on real estate, gardens, automobiles, family life and local athletes, as well as architecture, interior design and travel.
Suburban Classic has a total circulation of 40,000. The magazines will remain in their respective communities, and advertisers can buy space in both publications, said Linda Donnelly, publisher and editor in chief of The Modern Estate.
We decided to join forces to offer more effective opportunities for like-minded advertisers and more substantive editorial content for our like-minded readership," Donnelly, a managing partner of Elite Media Holdings, said. The firm's other two managing partners are her husband, Richard Donnelly, president of The Modern Estate, and Suburban Classic Publisher Patrick Jackson. Richard Donnelly had been a luxury home builder for 25 years.
With circulation of about 30,000, The Modern Estate focuses on topics such as architecture, landscape, renovation, interior design, technology, art and antiques, and residential resort living. In its first year of operation last year, the magazine won Folio magazine's Advertisement Gold Eddie Award for editorial excellence for an article about the late Philip Johnson's Glass House in New Canaan.
Linda Donnelly said combining the magazines into one company made sense because they are quarterlies that cater to wealthy people in the New York metropolitan area. The Modern Estate is direct-mailed to luxury homeowners, as well as industry professionals in Fairfield County and Westchester County, N.Y., Manhattan and northern New Jersey.
It also is distributed in Long Island's Hamptons and Litchfield County in the summer and is available at bookstores and newsstands in Connecticut and New York. Donnelly said Elite Media Holdings plans to add more magazine s and possibly expand circulation into Fire Island, N.Y.,
Martha's Vineyard and Nantucket, Mass. They are trying to broaden their reach into other affluent areas," David Sloan, president of Emmaus, Pa.- Sloan & Associates Magazine Consultants, said of Elite Media Holdings. Many magazines are aimed at luring affluent people, he said. Sloan mentioned Greenwich-based Moffly Publications, publisher of Greenwich, Westport and Darien, New Canaan & Rowayton magazines; and Westport-based Connecticut Cottages & Gardens magazine, as examples.
Regional magazines are one of the hot categories in magazine publishing right now," Sloan said. While market trends have not been kind to print publications, the truly wealthy still have money to spend, so advertisers are targeting them."
Important keywords of article: , connecticut, moffly, glass, vineyard, to, hamptons, manhattan, advertisement, advertisers
Teradyne"s FLEX Platform Wins Automotive Device Test Evaluation
The selection, spanning multiple years, was the result of a rigorous 10-month evaluation process that examined all Automatic Test Equipment (ATE) suppliers. The evaluation included a variety of functions within each company as well as tester performance. Bosch"s selection of the FLEX Test Platform was based on Teradyne"s demonstrated time-to-market, cost-of-test and quality advantages.
Due to the longevity and importance of this decision, our team completed a comprehensive review of ATE suppliers," said Dr. Bernd Haeuser, senior vice president, Engineering and Manufacturing, Bosch. We looked at each company as a whole and their automotive test solution and rated Teradyne as our best choice for our future automotive devices."
We are extremely pleased that the global leader in automotive parts thoroughly examined such a large group of suppliers and selected Teradyne," said Eric Kaled, power and automotive marketing manager, Semiconductor Test Division, Teradyne. The selection of FLEX by Bosch extends Teradyne"s dominant leadership in the automotive device market.
Teradyne"s FLEX Platform and instrumentation is designed to meet the specialized test needs around quality that automotive device manufacturers like Bosch depend upon." In 2007, the Bosch automotive division increased due to a growing demand for environmental protection and safety technologies. To meet this growing demand, Bosch is developing a new 200 millimeter silicon wafer facility in Reutlingen, Germany.
We are delighted to serve Bosch out of our worldwide field organization," said Martin Stadler, manager Central European sales, Teradyne. Over the years we have built a unique service organization dedicated to serving the automotive market in particular. Our strong local expertise will help support a fast ramp-up of the new platform at Bosch."
Teradyne"s FLEX test platform, which has surpassed 1,600 test systems shipped, advances test technologies in an architecture designed for high-efficiency, multisite test. The FLEX platform"s DC90XP option delivers both high voltage and high current capability in an instrument with unparalleled density that reduces cost of test for automotive power management, industrial consumer motor controller and power switch semiconductors.
For the high parallel test requirements of the precision analog market segment, the POOL2 option provides six different multichannel instruments integrated into a single instrument board. The POOL2 can make extremely low, accurate, and repeatable voltage, current and timing measurements not available with other instruments at the same level of density.
To learn more about the FLEX Platform, visit http: www.teradyne.com flex.
Important keywords of article: , flex, fast, dominant, option, single, growing, unique, multisite, demonstrated
Euronext - Van genoteerde ondernemingen Persberichten
In a multi-phased approach, Orolia Group companies Spectracom and SpectraTime will join the existing alliance between Pendulum Instruments (recently acquired by Orolia) and Rapco Electronics to cooperate on several fronts to leverage global distribution channels, operations and new product development efforts.
Key tenants of the partnership include the following: - Enhanced local and worldwide product lines and distribution Rapco Electronics will represent and distribute Spectracom and Pendulum products in the UK and Ireland.
With this line up of strong industry brands behind them and together with their own products, Rapco will provide the most comprehensive range of high-precision time and frequency products for governmental, military, telecom, broadcasting and scientific customers in the UK and Ireland.
Outside of this region, both Pendulum and Spectracom will distribute key Rapco products under their own respective brands. Customer focus In addition to sales, Orolia and Rapco Electronics will combine service and support for the UK and Ireland in Rapco's Basingstoke, UK headquarters.
Premier solutions for today and tomorrow With access to Orolia's state of the art technology, Rapco Electronics will enhance its ability to provide custom time & frequency systems for defense and space customers. In addition, technology sharing and operational efficiencies between the partners will enable a high degree of innovation and lower times to market for future synchronization needs of these important markets.
Jean-Yves Courtois, Orolia Chairman and CEO, comments: "Orolia and Rapco Electronics complement each other very well, and we are very excited about our new relationship. By joining forces, we believe we can boost Orolia's presence in the UK and Ireland, and substantially accelerate our worldwide development in defense and space timing and synchronization, a corner stone to large system integration.
The Rapco Electronics and Orolia teams should work well together: both companies are driven by innovation, passion, and demand success." Margaret Reed, Rapco Electronics' CEO, adds: "In essence, this partnership combines the substantial strengths and success of industry leaders with very similar, successful histories, but who do not compete directly today. It is a very natural fit for both of us".
About Orolia Orolia, a precision electronics technology group, brings together branded leading-edge companies specialized in high-precision time and frequency solutions systems for mission-critical applications. The group includes four companies: SpectraTime, T4 Science, Spectracom and Pendulum Instruments.
Orolia's companies develop and market systems that produce, distribute and measure ultra-high precision signals through information networks in large and growing high-end markets, such as space and navigation, defense and security as well as telecommunications and broadcasting. These systems are deployed in a number of countries in Europe, Asia and North and South America.
Orolia has committed to an accelerated growth strategy through acquisitions (companies, products, technologies). Orolia's headquarters is located in Les Ulis, France, and the company also has offices in Neuchatel Switzerland, Rochester New York and Stockholm Sweden. About Rapco Electronics Rapco Electronic Ltd., Basingstoke, UK, has over 40 years of experience in designing and manufacturing Time & Frequency Systems for highly critical fixed and mobile operations.
These can include Satellite Ground Station Control & Communications Systems, Military Defence & Communication Systems, Radar, Wireless Telecom Systems, Commercial Broadcast, etc. Products include GPS Synchronised Time & Frequency Sources supported by a wide range of Signal Conversion and Distribution Modules. Press Contact : Elodie Cally, elodie.cally orolia.com Tl.
Important keywords of article: and, uk and, and ireland, defense and, spectracom and, and rapco, orolia and, and space, and frequency, and distribution
YouTube - The Communicators: Rep. Mike Doyle (D-PA)
The Communicators: Rep. Mike Doyle (D-PA) Hello, you either have JavaScript turned off or an old version of Adobe's Flash Player. Get the latest Flash player. Loading.. Thank you for sharing this video! The video has been added to your playlist. Be the first to Post a Video Response. View all 2 comments Would you like to comment?
Mike Doyle (D-PA) discusses the House Telecommunications and the Internet Subcommittee and looks at the future President's impact on telecommunications policy. Program fr.. Program from Saturday, April 19, 2007. Forgett ing. 02:56 UniversalPi.. Fiat 500 Lexus LF-A Nur..
Important keywords of article: , doyle, discusses, video, flash, hello, nur, impact, lexus, future
Drinks Media Wire - Garlic flower products at Sial Montreal Trends & Innovation: La Fine Fleur de la Tapani selected
Enjoy a professional and personalized service for professionals! Forward your customers' information accross the world. Services reserved for PR and communication specialists. Receive targeted information from the world over and promote your work. Free services reserved for journalists! Trade fairs and events taking place across the world. Also includes the official presentation.
Find the news by company with press files and photos. Tuesday, April 22, 2008 10:30 Garlic flower products at Sial Montreal Trends & Innovation: La Fine Fleur de la Tapani selected (Drinks Media Wire). Easy to digest and delicate on the breath, it offers itself at all times conveying to pleasure. And for wine lovers who would enjoy a garlic perfumed meal with a good bottle - GARLIC FLOWER holds again a great gourmet promise as it does not leave an oxydised taste as regular garlic would.
We are pleased to introduce our salts selected at Sial-Montreal "08 amongst the ten best new products of the year. We present sea salts elaborated to add the finishing touch at the table or in the kitchen.
Perfumed with freeze-dried ORGANIC GARLIC FLOWER for a maximum of taste and nutrients, our coarse salt is uplifted with tangy organic lemon and orange peel.
Sprinkled over grilled meats, fish and seafood, vegetables, salads, omelets and mushrooms or integrated in a recipe such as dips, spreads, mayonnaise, salad dressings, quiches, purees or sauces it releases its fine flavors when used some time before serving.
Arôme en Sauce", another line of our products to discover in Trends & Innovation, offers a gastronomic experience blending dry wild mushrooms, freeze-dried garlic flower and herbs to enhance sauces for game, meats, fish and seafood. And, of course, our regular line of fresh garlic flower blended in olive oil is forever gaining popularity and unconditional faithful customers with Le Grand Cru and other flavors including an all vege Pesto.
Last but not least our Bouquet Salé, a salted seasonning for all seasons - a garden and herb patch in a jar - releasing a profound and lasting perfume - uplifting any salted recipe : bechamel or wine sauces - bouillon for poaching fish, omelets or mashed potatoes - stir fries - or grilled meats and fish.
Delicate yet intense and satisfying GARLIC FLOWER is coming forth on the food scene, both as a gourmet seasonning and a healthy addition to every day diet. Because of its lightness it lends itself to all types of cuisine wether homestyle or refined - méditerranean, continental or asian.
Producers of most of our ingredients we are an organic certified farm where all preparation occurs from harvesting to shipping. La Fine Fleur de la Tapani is a small family owned and operated enterprise. Quality is our quest and we tend towards it by choosing the finest ingredients nature has to offer.
Important keywords of article: and, fish and, and seafood, and we, and operated, and satisfying, and fish, and lasting, and herb, and other
"American Idol": Advice to the famous overnight : Show Tracker : Los Angeles Times
After all, fame affects people differently. Some stars spiral out of control, while others keep their pristine images intact. Which raises the question: Why? Why do some celebrities go the way of Britney Spears, while others, like Hilary Duff, tread through life with nary a nip slip? During a phone interview Friday, Dr.
Who chose the path? While some young adults seek out careers in show business themselves, others are led into the biz by their parents. According to Eagan, the ones who chose the path themselves t to "have a more mature approach." Who"s the breadwinner? Young performers experience added stress when "the families turn into feeders," Eagan explained.
At this juncture, the trem ous pressure of competing in show business is compounded by the pressure to support their family. When the family is on the payroll, Eagan said, the performer "is not left with that feeling where you can just mess up" and it will all be OK. If the star is religious Religion is a double-edged sword.
Sure, it can keep some young stars focused on morality, but according to Eagan, it can also cause extra stress. If your career as an actress or a singer requires you to "wear a short skirt or use dirty words," your career becomes incompatible with your religion, and problems can arise. If the star is involved in charitable work "If you see a young person involving themselves in charity, that"s a really good sign," Eagan pointed out.
According to Eagan, involvement in charity indicates generosity and wisdom. Eagan even helps patients learn "how to use your brand toward making the world a better place," by pointing out that doing good creates a "nice karma boomerang." Patty Ann RE: 'The Hills': With fri s like these. Kryan RE: 'Dancing With the Stars': Will Marlee Matlin get the ax? Land L.A. Now L.A.
Important keywords of article: the, the path, chose the, the star, if the, when the, the family, the stars, the ax, the pressure
Stars illuminate Celtics' Garden party - The Boston Globe
The cancer survivor and seven-time Tour de France winner, who ran to raise money for his foundation, seemed happy to reach the finish line. He got there in 2 hours, 50 minutes and 58 seconds - better than the three-hour finish he was hoping for. While the Red Sox finished their holiday weekend sweep of the Texas Rangers, pitcher Curt Schilling 's wife, Shonda, finished the marathon in under five hours, having run for the fourth time to raise money for the Shade Foundation.
Outfielder Jacoby Ellsbury 's girlfriend, Kelsey Hawkins (who finished in just over five hours), and Mike Timlin 's wife, Dawn (who ran the course in less than 4 1 2 hours), both ran on behalf of the Angel Fund, which supports ALS research. Also among the notable local runners: former acting governor Jane Swift, who finished in just under five hours and raised more than $10,000 for Children's Hospital Boston.
As the race continued into the early afternoon, Patriots linebacker Tedy Bruschi arrived at the Lenox Hotel and began asking about the 50 or so runners on his Tedy's Team, who ran to raise money for the American Stroke Association.
With his wife, Heidi, never far away, Bruschi was followed by an NFL film crew as he kept a watchful eye over the finish line from the Lenox's new presidential suite on the second floor. Up on the roof of the Boylston Street hotel near the finish line, we spotted the hotel's owner, Roger Saunders, his wife, Norma, and a large contingent of their family.
Also taking in the spectacular views were Boston artist and designer Anja Kola, event planner Susan Callendar, legal eagle Richard Glovsky, and real estate consultant Alison Drescher. Singer James Taylor was supposed to stop by, too, if he could get through the teeming crowds.
Meanwhile, across Boylston, PR princess Marlo Fogelman made the most of her third-story office space by hosting what is becoming one of the hotter Marathon Monday invites.
Among those at Fogelman's office were developer Mark Goldweitz and his wife, Joyce ; Cartier biggie Cedric Tonello and his wife, Thanh ; PR maven Doris Yaffe ; restaurateurs Garrett Harker and Patrick Lee ; chef Anthony Susi ; Salon Capri's Nicholas Penna, who was keeping an eye out for his wife, Amy, who ran the marathon; Mary Chiochios of the Massachusetts Film Bureau; and cinematographer Terrence Hayes, whose local credits include Dave McLaughlin 's "On Broadway."
Bannon grew up in Somerville, attended the Prospect Hill Academy high school, and now calls Winthrop home. A lifelong Red Sox fan, he met the world champs when they toured Walter Reed Army Medical Center in Washington in February. Bannon asked fellow Purple Heart recipient Senator John Kerry to join him in throwing out the first pitch.
A boatload of prizes at the Nantucket Film Festival Writer director Judd Apatow, whose credits include "Knocked Up" and "The 40-Year-Old Virgin," will receive the Screenwriter's Tribute Award at the Nantucket Film Festival in June.
Meg Ryan, a summer regular on Martha's Vineyard, will be the annual film gathering's first recipient of the Compass Rose Acting Tribute Award, established to honor actors who inspire writers to create roles for them. The four-day fest will open with Brad Anderson 's "Transsiberian" and close with "The Wackness," which stars Ben Kingsley, Famke Janssen, and Mary-Kate Olsen.
Margolis lights up BPL dinner Boston's literati gathered Sunday night to raise money for the Boston Public Library, but the real star of the "Literary Lights Dinner" was ousted library chief Bernard Margolis, who got a five-minute standing ovation from the black-tie garbed attendees. Margolis was forced out late last year after clashing with Mayor Tom Menino, who drew the ire of the keynote speaker, the Rev. Peter Gomes.
Without mentioning Menino by name, the Harvard professor and minister warned that the BPL was in danger of becoming "a minor bureaucratic sinkhole." The eight "Lights" celebrated at the swanky gala were authors Geraldine Brooks, Stephen Carter, Frances FitzGerald, Richard Ford, Tony Horwitz, P.J. O'Rourke, Gordon Wood, and the late David Halberstam.
Others attending included novelist Tom Perrotta and New York Times columnist Anthony Lewis, both presenters, Lewis's wife, Supreme Judicial Court Chief Justice Margaret Marshall, and several financial wizards including Peter Lynch, Tom Stemberg, and John Spooner, a former Literary Light.
Norton Award to Nicholas Martin Tony-winning actress Andrea Martin will kick things off next month when the Elliot Norton Awards present the Prize for Sustained Excellence to the Huntington Theatre Company's outgoing artistic director Nicholas Martin.
Important keywords of article: the, of the, at the, for the, the finish, and the, the marathon, the nantucket, from the, ran the
BBC NEWS Business RBS 'plans to sell insurance arm'
The businesses could raise up to 5bn for RBS, the Sunday Telegraph said. The report comes as RBS executives meet to discuss plans to ask shareholders for up to 12bn of extra cash. The board is set to unveil the plan to raise money from existing investors on Tuesday. It will be the biggest rights issue in UK corporate history. RBS, wants to shore up its financial position amid the global credit crunch, declined to comment on the report that it was to sell its insurance arm.
However chief executive Sir Fred Goodwin is understood to be keen to keep the businesses. Prudent measure' Insurance giants AIG, Allianz, Axa and Generali have made "preliminary enquiries" about snapping up RBS's insurance business, the Sunday Telegraph said. WHAT IS A RIGHTS ISSUE? Should RBS ask for more cash?
The rights issue is thought to be a prudent measure to provide a capital cushion for the amount of risk on its balance sheet after RBS played a leading role in last year's takeover of the Dutch bank ABN Amro. The Sunday Telegraph said that Sir Fred held secret talks with the Financial Services Authority about the prospect of a rights issue.
Reports suggest other banks - including Barclays and HBOS - have talked with the City watchdog about similar plans. The paper added that the chiefs of other banks had also met with the head of the FSA, Hector Sants, over the possibility of going to their shareholders for cash.
Both Barclays and HBOS declined to comment on the report. However there has been no suggestion that the FSA has tried to force any bank into going to its shareholders to raise cash. Chancellor Alistair Darling has also said that more banks are likely to unveil plans to boost their capitalisation.
RBS, owner of NatWest, Ulster Bank and insurer Direct Line, has not yet commented on its plans to begin a rights issue. It will issue a trading update on Tuesday, ahead of its annual meeting on Wednesday. The statement is expected to reveal write-downs of about 5bn as a result of the bank's exposure to the credit markets.
Important keywords of article: the, the report, with the, the sunday, of the, that the, cash the, the fsa, on the, the businesses
Mattel posts loss as Fisher-Price sales slip Reuters
Monday, hurt by lower sales of its Fisher-Price products, legal expenses and higher costs. The maker of Barbie dolls and toys tied to several big summer films said its first-quarter loss totaled $46.6 million, or 13 cents a share, compared with a year-earlier profit of $12 million, or 3 cents a share. Analysts on average were expecting earnings of 1 cent per share. Sales fell 2 percent to $919.3 million, below analysts' estimates of $932.5 million.
Wall Street analysts have said Mattel's margins should be pressured through the second quarter as the company grapples with higher testing and legal expenses stemming from last year's global recalls. The first quarter is typically a down period for toy companies as demand falls after the holiday shopping season, when most of the year's sales are made.
Price increases should help profitability in the second half of the year, Chief Executive Robert Eckert said in a statement. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes.
Important keywords of article: , its, share, cents, global, statement, loss, products, profit, sales
