“Echo Global Logistics Prices 5.7 Mln-Share IPO At $14/Shr - Update - RTT News” plus 4 more |
- Echo Global Logistics Prices 5.7 Mln-Share IPO At $14/Shr - Update - RTT News
- Chicagoans disappointed as city's Olympic bid is passed over - Milwaukee Journal Sentinel
- Got trash? - McAlester News-Capital & Democrat
- Report: High poverty risk for Southern rural kids - CNBC
- Bob Landry Joins Mercator Advisory Group to Expand Banking Services - PR Inside
| Echo Global Logistics Prices 5.7 Mln-Share IPO At $14/Shr - Update - RTT News Posted: 02 Oct 2009 07:59 AM PDT
(RTTNews) -
Echo Global Logistics Inc. (ECHO: News ) said Friday that it priced its initial public offering of 5.7 million common shares at $14.00 per share, before underwriting discounts and commissions. The shares commenced trading on October 2, on The Nasdaq Global Market. The company will have nearly 21.5 million shares outstanding after the offering. Echo expects the net proceeds from the offering to be about $70.8 million, and intends to use the net proceeds primarily to expand its sales force, to enhance technology, to acquire or make strategic investments in complementary businesses and for working capital and other general corporate purposes. The company also intends to use a portion of the net proceeds from this offering to repay all outstanding principal and accrued interest under its line of credit with JPMorgan Chase Bank, N.A. and under its term loan payable to EGL Mezzanine LLC, which was incurred in connection with its acquisition of RayTrans Distribution Services. The company intends to use approximately $3.4 million of the proceeds to make required accrued dividend payments to the former holders of Series B and D preferred shares. Chicago-based Echo Global Logistics, established in 2005, is a provider of technology enabled transportation and supply chain management services. Morgan Stanley & Co. Inc. and Credit Suisse Securities (USA) LLC acted as joint book-running managers for the offering. The company originally filed for an IPO on April 30, 2008, for which Lehman Brothers and Citi acted as the representatives of the underwriters and joint book-running managers. However, it was delayed following the collapse of Lehman and the credit crisis. by RTT Staff Writer For comments and feedback: contact editorial@rttnews.com  This posting includes an audio/video/photo media file: Download Now |
| Chicagoans disappointed as city's Olympic bid is passed over - Milwaukee Journal Sentinel Posted: 02 Oct 2009 08:42 AM PDT After declining in August, foreclosure filings in southeastern Wisconsin grew almost 11% in September, court records show. Among the seven counties in the region, only Washington County had fewer foreclosure filings - 38 compared with 44 - month-to-month. Overall, there were 1,142 filings in the region in September after 1,030 in August. Foreclosure filings are likely to remain high - the one-month record of 1,205 occurred in July - until employers start hiring workers instead of laying them off, said Russell Kashian, a University of Wisconsin-Whitewater economics professor who is tracking foreclosures in the state. "I think it will stay stable, but at a high level," Kashian said Thursday. Milwaukee County, as always, had the most new foreclosure actions in court, 632, compared with 558 in August. Filings in other counties: Kenosha, 122, up from 109 in August; Ozaukee, 23, up from 18; Racine, 109, up from 104; Walworth, 81, up from 71; and Waukesha, 137, up from 126. »Read Full Article  This posting includes an audio/video/photo media file: Download Now |
| Got trash? - McAlester News-Capital & Democrat Posted: 02 Oct 2009 07:52 AM PDT Published: October 02, 2009 10:20 am Got trash? Month-long clean-up begins Saturday; free paper shredding, landfill use offered this month By Kandra WellsStaff Writer Got trash? That's what Pride In McAlester is asking. The group is kicking off its October Cleaning and Recycling event Saturday, collecting appliances, furniture and other bulky items. Is that old fridge still taking up space on the front porch? No problem. What about the old mattress you replaced last year? Or the broken lawn chair from when Aunt Jo sat down last spring? Is it still under the tree in the back yard? It's those types of items Pride hopes residents will get rid off this month. "October's always been a good month," Pride President J.T. Collier said, referring to the second month of the group's bi-annual clean-up effort. "People are cleaning out their garages." In April, residents filled 87 commercial-sized "roll-off" containers with old furniture, brush, appliances and other large, bulky items that can't be collected by city trash trucks. Collier says just as many containers will be filled this month, if that's what's needed. "It's an effort to clean up our town," he said. The containers will be set up at five sites in McAlester on Saturdays and Sundays in October so that residents can drop off items for disposal. In addition, residents will be able to use the city landfill for free during weekends in October. (Take proof of residency with you). Collier said two new services were added for this year's clean-up effort: Document shredding, and outdated medication disposal. On Oct. 10, an on-site records shredder will be set up at Chadick Park for residents who need to safely get rid of confidential files and personal records, such as bank statements. Then, on Oct. 24, a Hazardous Waste Disposal event is planned downtown for collection of tires, chemicals and other materials that can't go into the landfill. That's when outdated medications will also be collected. "People are encouraged to bring their dated over-the-counter or prescription drugs," Collier said of the Oct. 24 service. Drugs that can be taken for disposal include medication in the form of pills, liquids and even salves, he said. The Pride president explained that frequently, medications are flushed down toilets, which puts them into the city's water system. "What we're trying to do here is the greening of America, keeping our waters clean and our land green," Collier said. Under the Oct. 24 program, a contractor specializing in hazardous waste will collect the old medications to be grinded and mixed with a chemical for proper disposal. Oct. 24 is also the day for disposal of televisions, computers, batteries, bullets — just about anything else that can't go to a landfill or needs special attention. About the only things that won't be accepted are gas cylinders, explosives, water-reactive chemicals and dioxins. A professional contractor will also be on hand for the records shredding event Oct. 10, Collier said. That free service is set to happen at the Sixth Street entrance to Chadick Park. There, a parking lot with two entrances will allow residents to drive in one side, hand over their documents, watch as they are shredded, and then drive out the other side. "It's shredded right there in front of them so there's no mystery," Collier said. Eventually, the shredded paperwork is baled into 1,200-pound cubes for recycling. All of the Pride clean-up services are offered free of charge to city residents. Pride In McAlester operates under a $60,000 grant from the city of McAlester, as well as membership fees and donations. For more information, call Pride In McAlester at 426-4444. Contact Kandra Wells at kwells@mcalesternews.com. City beautification Pride In McAlester is accepting big and bulky trash items throughout October. Here's how you can take advantage. Each event is free. Trash bin locations First Assembly of God Church, 1800 Hardy Springs Komar parking lot, Cherokee and D Southeast corner Main and Stonewall Army Reserve Center, Polk and Third Pride Plaza, Third and Wyandotte Hours (through October) Saturdays 8 a.m. to 5 p.m. Sundays 12 to 5 p.m. Acceptable trash bin items Bulky household items Appliances Yard furniture Broken toys Tree limbs and brush Other free events in October Weekend disposal at landfill (McAlester residents only) Document shredding (Oct. 10) Hazardous waste disposal (Oct. 24) Outdated medical disposal (Oct. 24) Source: Pride In McAlester 
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| Report: High poverty risk for Southern rural kids - CNBC Posted: 02 Oct 2009 08:21 AM PDT ATLANTA - A child living on a remote Southern farm may be at a higher risk of poverty than counterparts in the city, as schools struggle to develop new opportunities and factories shut down what few jobs are available, according to a new report. The brief by the University of New Hampshire's Carsey Institute found rural children in several Southern states fell into poverty at a faster rate than urban children in 2008. The report examined population numbers released this week by the U.S. Census Bureau, which showed the South remains home to many of the nation's poor children. The Institute found six out of 16 states saw poverty rates among children under 18 increase in rural areas while decreasing in metropolitan ones, with the highest increases in rural child poverty in Delaware and Florida. From 2007 to 2008, both saw increases of more than 6 percentage points. The region also led the nation as home to some of the youngest rural poor: 2008 data showed almost one-third of rural Southern children under age 6 live below the poverty line, the highest percentage in the nation. Experts say they are at risk for becoming poor adults. "These are kind of the forgotten poor," said Institute director Mil Duncan, who blamed everything from racially based education disparities to limited early childhood education programs for persistent rural poverty. "When we have good policies that work in cities, we need to examine how they can work well for rural kids in poverty," she said. The Institute examined data from the Census Bureau's American Community Survey, released Tuesday. The data examined everything from income to food stamp use. Beyond Delaware and Florida, rural children slipped into poverty faster than their urban counterparts in Maryland, North Carolina, Oklahoma and Georgia. In Georgia, numbers of impoverished youth increased 1 percentage point in rural areas and dropped 2.2 percentage points in central cities, data showed. Among children under age 6, the South saw only a small increase of less than 1 percentage point and an equally small decrease among urban youth. While other regions also saw a rural spike — the percentage of rural poor children under age 6 jumped 1.9 percentage points in the Northeast, for instance_ Duncan predicted those gaps would decrease as the recession fades. In many Southern communities, however, she predicted disparities would linger. "The most important thing about child poverty in the rural South is that it's chronic," she said. "It goes along with this legacy of underinvestment." Census data showed between 2007 and 2008, real median household income declined in the South by 4.9 percent to $45,590 — the biggest decline and the lowest median income in the nation. Experts have blamed everything from the influx of immigrants stuck in menial jobs to generational under education among blacks for southern poverty levels that have led the nation for decades. One Institute survey found up to 40 percent of rural southern respondents had a parent who dropped out in middle school. "In poor rural communities there still aren't strong schools and real opportunities, especially for African-Americans," Duncan said. Their limited opportunities trickle down to kids: 11 southern states had child poverty levels above 20 percent in 2008, Census data shows. In Albany, Tony Hall sees evidence of creeping rural poverty daily. Hall, vice president of operations for the Food Bank of Southwest Georgia, said more parents are asking for the backpacks his group fills with snacks and distributes to needy children weekly. He said they're men and women suffering as factories leave rural areas, taking with them many of the jobs in these isolated communities. Meanwhile, he said rural parents struggle to access services for their kids when it may involve a long drive. "It's hard to get it because you're in a rural area," he said. "People don't have transportation to get to these sites where they may be giving out products."  This posting includes an audio/video/photo media file: Download Now |
| Bob Landry Joins Mercator Advisory Group to Expand Banking Services - PR Inside Posted: 02 Oct 2009 08:50 AM PDT 2009-10-02 17:49:49 - Former TowerGroup Vice President Brings More than 30 Years Experience in the Use of Technology in Financial Services
Boston, MA – October 02, 2009 –- Bob Landry has joined Mercator Advisory Group to expand the company's payments industry research services into retail banking. Landry brings more than 30 years experience in the financial services industry including an eleven year tenure with TowerGroup where Landry held a variety of positions including chief research officer. "Bob has a rare understanding of both the business drivers and technology in the banking industry," said Robert Misasi, president of Mercator Advisory Group. "That knowledge base coupled with his proven expertise in founding and successfully growing practices in advisory organizations make him the ideal candidate to drive our banking expansion."Landry joined Mercator from CGI, a global diversified supplier of end to end IT and business process services with over $4 billion in annual revenues where he served as partner, director of banking and financial markets strategy. While at CGI, Landry lead CGI's US based banking and investment strategy group and served as a senior executive consultant. Before CGI, Landry worked for the TowerGroup from 1995 until 2006 where he was charged with building several research practices covering core systems, customer strategies, delivery channels, consumer lending, retail payments, emerging technologies, financial services strategies and IT spending. Landry has held positions at Software Services of America, Henco Software, Honeywell Information Systems and RCA Computer Systems. Landry, vice president, Banking Group Services, said, "It's a rare opportunity to join a research organization of this caliber and be tasked with expanding its core competencies into new areas. I've spent over 30 years understanding and analyzing how technology is used in retail banking. I'm looking forward to applying that knowledge at Mercator." Landry has spoken frequently at events held by major industry associations, including Bank Administration Institute, American Bankers Association, and European Financial Management and Marketing Association.
About Mercator Advisory Group For more information and media inquiries, please call Mercator Advisory Group's main line: (781) 419-1700 or send E-mail to info@mercatoradvisorygroup.com.  This posting includes an audio/video/photo media file: Download Now |
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