Paulson Sells Entire Stakes in Citi and Bofa
John Paulson, the billionaire hedge fund manager who had his worstyear on record in 2011, sold his entire stakes in Citigroup and Bankof America in the fourth quarter – before the shares rallied.Paulson & Co., which owned 3 million worth of Citigroup at the endof the third quarter, had sold its entire 25.1 million shares as ofDec. 31, the firm said today in a filing with the U.S. Securities andExchange Commission. Paulson also sold 4 million worth of Bank ofAmerica, or 64.3 million shares.
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Oil Gets Biggest 2012 Weekly Gain
Oil rose for a third day in New York, heading for the biggest weekly gain this year. This happening as signs of an improving U.S. economy and progress on a bailout for Greece bolstered the outlook for fuel demand. Brent touched an eight- month high.West Texas Intermediate futures climbed as much as six tenths of a percent today and have gained 4.1 percent this week. This is all on the heels of positive economic news: U.S. applications for jobless payments fell to the lowest since 2008, and European governments are considering cutting interest rates on emergency loans to Greece and using European Central Bank contributions to plug a financing gap for the second bailout. WTI for March delivery rose as much as 66 cents to 2.97 a barrel on the New York Mercantile Exchange. Brent oil for April settlement was down 19 cents at 9.92 a barrel on the ICE Futures Europe exchange, after advancing to 0.70 earlier, the highest since June.
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Motorcycles Take Flight
Chicago, IL, February 16, 2012 –(PR.com)– MotoPOD LLC has developed a motorcycle loading system for personal airplanes. A patent-pending collection of ramps and fixtures allows the pilot to load and secure a street-legal motorcycle while a built-in winch system, powered by a cordless drill, does all the work. After landing, it takes just a few minutes to remove the motorcycle and ride away in James Bond-style.
Why carry a motorcycle? Most of the country’s 5,400 small airports don’t have ground transportation services. That’s a really big problem for personal aviation… or at least it was. By carrying a motorcycle, pilots can enjoy convenient ground transportation at every stop. MotoPOD customers travel more freely, visit new places and explore their destinations. MotoPOD LLC President, David Shelton, says, “We’re trying to support a paradigm shift and change the way in which people use airplanes. Integrated air + ground transportation achieves more of the utility that we demand from our automobiles and provides more places to go and things to do. What percent of every-day destinations just happen to be fly-in destinations? To a motorcycle pilot, they are all 'fly-in' destinations.”
Tool or toy? MotoPOD says both. Mike Thornton of Texas, flies his Cherokee 6 for business, landing at small airports to quote jobs. He currently keeps old cars at several airports that he visits frequently, soon to be replaced by his MotoLOAD system. Steve Reed of Wisconsin, is looking forward to “the freedom of flying wherever I wish, whenever I wish, without worrying about ground transportation.”
MotoLOAD is manufactured from welded aluminum tubing and the entire system may be inserted or removed from an airplane in seconds. After loading the motorcycle into a wheeled “sled,” it’s tipped onto one side, then winched into the aircraft cabin. Once inside, additional fixtures guide the motorcycle into position and the entire package is secured with seatbelts.
Products are currently available for the popular Piper PA-32/34 series airplanes and the company has hinted that other models are on the way. It’s designed to haul the MotoCYCLE, a custom aviation motorcycle with folding handlebars, no-spill plumbing and other features. MotoCYCLE is lightweight, street-legal and provides highway performance for two. Complete packages cost less than ,000; around the average price for a Harley-Davidson. It’s a little quieter in the rumble department but it can do what other motorcycles can’t… fly.
Company Information
MotoPOD LLC was founded in 2007 to provide pilots with innovative ground transportation solutions. The company has pursued that vision through the integration of airplanes and motorcycles. Their first product, a removable belly pod, allows pilots to carry a motorcycle beneath their airplane. The prototype, which flew in 2008, has been featured in Gizmag, Gizmodo, G4 Television and other mainstream media. The belly pods are also available to carry luggage or surveillance equipment. Products are currently in production for the Van’s RV-10 kit airplane and certified pods are under development for common production airplanes, including the Cirrus SR-20/22.
For more than a century, ground transportation has been a holy grail of aircraft design, inspiring more than 2,000 attempts to develop a practical roadable airplane; an airplane capable of driving on roadways. MotoPOD has taken a fresh approach, developing practical solutions that lead the market in ground transportation solutions. In 2010, the company was awarded a grant from the Wolf Aviation Fund for their work to advance personal aviation.
The company also has experience in aerospace composite structures, unmanned air vehicle systems, surveillance, aircraft modifications and sensor integration. MotoPOD LLC is a growing business with upcoming investment and career opportunities. Please contact David Shelton to learn more about the company. 847-651-4373
Editorial Contact
David Shelton, President
MotoPOD@gmail.com
847-651-4373
www.MotorcyclePilot.com
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Junction City 52 at Shawnee Heights 42, Junction City (G) 33 at Shawnee Heights (G) 32
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911 Tapes of Havana Murder-Suicide Released
911 Tapes of Havana Murder-Suicide Released
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Gryphon USA, Ltd. Co-Sponsors Columbus Junior League Casino Couture Event
Gryphon USA, Ltd. is proud to announce their sponsorship of The Junior League of Columbus (JLC) 8th Annual Spring Fundraiser, Casino Couture, at the Columbus Museum of Art on February 25, 2012.
Columbus, Ohio (PRWEB) February 06, 2012
Gryphon USA, Ltd. is proud to announce their sponsorship of The Junior League of Columbus (JLC) 8th Annual Spring Fundraiser, Casino Couture, at the Columbus Museum of Art on February 25, 2012.
Melissa Kruse, Partner at Gryphon USA, Ltd. and also the Co-Chair of this years’ event stated “This year should be our best event ever. The silent and live auction are filled with interesting items, food is being provided by leading restaurants and we are honoring a wonderful woman”.
Doors will open at 7:00 p.m. and the festivities will end at 11:00 p.m. This year’s soiree will honor JLC sustaining member, Connie Jump, and will feature music, gambling, live and silent auction as well as delicious food and drinks. Attendees are encouraged to wear festive cocktail attire in honor of the couture theme, black tie is optional.
Tickets are 5 in advance or 0 at the door. For more information or to buy tickets, please contact the JLC offices at (614) 464-2717 or visit JLC’s online store at http://www.jlcolumbus.org.
About the Junior League of Columbus
Founded in 1923, the Junior League of Columbus is an organization of women committed to voluntarism, developing the potential of women, and impacting communities through the effective action and leadership of trained volunteers. Our purpose is exclusively educational and charitable. As a 501 (c) (3), the Junior League of Columbus is a leading resource for trained volunteers. Through our programs and the Kelton House Museum and Gardens, we educate the community, preserve the past and build for the future of Columbus. The Junior League of Columbus is a member of the Association of Junior Leagues International, comprised of 294 Junior Leagues in four countries,. For more information, please go to jlcolumbus.org.
About Gryphon USA, Ltd.
Gryphon USA, Ltd. is a multi-faceted asset management and liquidation firm focusing on the operations and dissolution of single assets through and including entire companies. Gryphon maintains a receivership and asset management group (Gryphon Asset Management – http://www.gryphonusa.com) real estate brokerage practice and commercial auction/appraisal group (United Country Gryphon Realty & Auction Group – http://www.gryphonauction.com), art, antique and pottery auction group (Belhorn Auctions – http://www.belhornauctions.com) and real property management group (partnered with Borror Properties – http://www.gryphonborror.com).
Melissa M. Kruse (mmk(at)gryphonusa(dot)com) oversees the day to day operations of the parent company, Gryphon USA, Ltd. while Gryphon Asset Management operations are managed by Richard F. Kruse (rfk(at)gryphonusa(dot)com). Auction operations are directed by Peter Gehres (pdg(at)ucgryphon(dot)com). The property management partnership is maintained by Lori Steiner (lsteiner(at)borrorproperties(dot)com).
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Marion Cotillard Takes a Sprint in 1920s Attire
Marion Cotillard, dressed as a 1920s flapper girl, and Joaquin Phoenix were seen running across a park as they filmed scenes for their latest movie.
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Man pleads guilty to 2011 murder of 72-year-old
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If you are a new American Banking & Market News reader, we would like to welcome you to our website. American Banking & Market News provides daily coverage of analysts’ ratings for some of the largest publicly traded companies in the world. We cover news surrounding large-cap U.S. financial companies, including Citigroup, Bank of America, Wells Fargo and JPMorgan Chase and discuss the fledgling industry of peer to peer lending. American Banking & Market News publishes hundreds of press releases per day and is part of the American Consumer News, LLC network. We would invite you to consider following our ‘AmericanBanking’ account on Twitter and subscribing to our RSS Feed. You can always view our latest articles and video content by visiting our home page.
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Royston Group to Sell Cross Dock Facility Leased to ABF Freight Systems
The Royston Group will be facilitating the marketing and sale of a single tenant net lease cross dock facility in Louisville, KY.
Los Angeles, CA (PRWEB) January 20, 2012
The Royston Group has announced it will be selling a 23,000 square foot single tenant net lease industrial cross dock facility leased to ABF Freight Systems. The property is located in Louisville, KY. The building sits on 7.66 acres of land and is leased to ABF on an net lease basis for 11 years. The building was originally constructed in 1990 and completely refurbished and remodeled in 2001.
Greg Cortese and Rob Sutton of The Royston Group started marketing the property in mid January. The facility is constructed of concrete block with a reinforced concrete foundation. The site was expanded in 2001 and contains 60 loading doors.
“This cross dock facility is strategically located within a one day drive of several large metropolitan areas ” said VP of Investment Sales Rob Sutton. “Additionally the site is leased to a credit tenant and boasts annual rent increases”
For more information about this property please contact Rob Sutton, CCIM.
Greg Cortese, President of The Royston Group and Rob Sutton, Vice President of the Royston Group, specialize in the sale of single tenant net lease properties. The Royston Group is a privately held commercial real estate investment firm, founded in 1992. The company provides services for a multitude of net lease commercial property types including office, industrial, retail and medical. The firm has completed over .5 billion in real estate sales since its inception. http://www.theroystongroup.com
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Fossil (FOSL) Shares Upgraded to a “Buy” Rating by Brean Murray Analysts.
Fossil (NASDAQ: FOSL) was upgraded by equities research analysts at Brean Murray from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The analysts currently have a 0.00 price target on the stock.
Separately, analysts at KeyBanc (NYSE: KEY) initiated coverage on shares of Fossil in a research note to investors on Wednesday, January 4th. They set a “buy” rating and a 5.00 price target on the stock. Analysts at FBR Capital (NASDAQ: FBCM) cut their price target on shares of Fossil from 0.00 to .00 in a research note to investors on Thursday, December 29th. They now have a “market perform” rating on the stock. Also, analysts at Telsey Advisory Group initiated coverage on shares of Fossil in a research note to investors on Thursday, December 22nd. They set a 6.00 price target on the stock.
Fossil, Inc. is a global designer, marketer and distributer company that specializes in consumer fashion accessories. Its offerings include a line of men’s and women’s fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, footwear, cold weather accessories and apparel. Its products are distributed globally through a range of distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer through its retail stores and commercial Websites and through third-party distributors in countries, where it does not maintain a physical presence. Fossil, Inc. sells its products through a diversified distribution network that includes department stores, specialty retail locations, specialty watch and jewelry stores, owned retail and factory outlet stores, mass market stores, owned and affiliate Internet sites and through its FOSSIL catalogs.
Shares of Fossil opened at 78.46 on Monday. Fossil has a 52 week low of .05 and a 52 week high of 4.98. The stock’s 50-day moving average is .76 and its 200-day moving average is .8. The company has a market cap of .911 billion and a price-to-earnings ratio of 18.61.
This article (Fossil (FOSL) Shares Upgraded to a “Buy” Rating by Brean Murray Analysts.) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.