Painting defaced at Carnegie was on loan Jun 7, 2008
Mr. Serebrykov worked for Capital Asset Protection, a Neville Island-based security contractor. A surveillance camera caught him in the act of defacing the painting on May 16, according to the police affidavit. (Pittsburgh Post-Gazette, PA)
Anyone out there need a side yard? Jun 2, 2008
The first was the city's purchase last year of old tax debts sold by former Mayor Tom Murphy's administration to Capital Asset Research Corp. The debts had slowed sales when Capital Asset insisted on having them paid off. The second was a push to identify and market potential side yards to neighbors, in which the city wrote to some 1,200 owners inviting them to buy the vacant lots next door. (Pittsburgh Post-Gazette, PA)
Designing an [Optimal ] Capital Structure May 25, 2008
While there are many ways to estimate this figure, three of the most frequently used are the capital asset pricing model, normalized return on equity, and dividend growth methods. In fact, the Federal Reserve uses versions of these three methods to determine the cost of equity when estimating reimbursement of cost of capital amounts for services provided to the Fed. (American Banker)
The irrelevancy of valuation research. By Hugh Osburn May 23, 2008
An example of the above problem is the excellent research undertaken at the Manchester Business School by Weimin Liu, which resulted in the development of a two-factor liquidity-adjusted Capital Asset Pricing Model. This model allows an improved measure of beta to be determined for, in particular, the smaller, less liquid quoted companies - and hence allows a more accurate assessment of the true costs of equity associated with investing in such companies. (Accounting Web, UK)
Vote June 10 vote to determine librarys future May 22, 2008
Consequently, a capital asset of the town valued at over $2. 5 million must be insured and maintained by the town while its residents receive no benefit from the tax dollars being used to do so. (Holbrook Sun, MA)
Liquidation World Announces Q2 Results May 21, 2008
15) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- LIQUIDATION WORLD INC. Consolidated Statements of Cash Flows For the periods ended April 6, 2008 and April 1, 2007 Unaudited (In thousands of Canadian dollars) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 13 weeks 13 weeks 26 weeks... (CCNMatthews Press Releases)
Framingham State working toward land deals May 18, 2008
The purchases will be paid for from interest from a college trust fund, but overseen by the state Department of Capital Asset Management, said Hamel. Adams Road follows a steep incline just west of the heart of the campus on State Street, and Adams Road houses are sandwiched by school dorms and parking lots on both sides, as well as campus property on Maynard Road to the south. (Framingham TAB, MA)
Ascendant Copper Reports 2008 First Quarter Financial Results May 15, 2008
The Company had investing activities for the purchase of mineral property interests of $49,000, loan receivable from SGV of $299,000, transaction costs related to the SGV acquisition of $488,000, and capital asset additions of $35,000. Offsetting cash used in investing activities were proceeds from the sale of capital assets of $29,000 and cash acquired upon acquisition of SGV of $35,000. (Canada Newswire)
Legislative issues discussed in Alva Apr 1, 2008
Our roads and bridges are a capital asset that is crumbing around our ears. " He noted that many bridges on major roads such as Highway 64 are constructed of wooden pilings. Representative Hickman Next to speak was State Representative Jeff Hickman. The first item he mentioned was an issue that new Corporation Commission rules propose outlawing above ground fuel storage tanks. He said this would have affected many farmers, schools and others in rural Oklahoma. Hickman said a compromise has been... (Alva Review Courier, OK)
State says official joined in kickbacks Feb 11, 2008
Lacking other legal recourse, the inspector general has sought the assistance of the Department of Revenue to see if any income tax irregularities occurred, and has asked the state Department of Capital Asset Management to investigate whether the Dracut company - Albanese Brothers, Inc. - should be barred from bidding on municipal contracts. The outcome of those queries is pending. (Boston Globe)
Indian Stocks Rise; ICICI Bank, Bharat Heavy Electricals Gain Jan 24, 2008
Earnings for some sectors like banks are better than expected so we will see investors finding value in stocks with good earnings growth,'' said R.K. Gupta, who manages $75 million of stocks at Credit Capital Asset Management in New Delhi. The Bombay Stock Exchange's Sensex gained 295. (Bloomberg)
Firan Technology Group (FTG) Announces Full Year 2007 Financial Results Jan 24, 2008
Such steps include the recent acquisition of Filtran Microcircuits Inc., the major capital asset program initiated in the current year and the expansion of capacity at the FTG Circuits -Chatsworth facility ... "While the transition of work from FTG to the Far East is another challenge, we are accelerating our plans to be able to address this demand for all our customers. Such steps include the recent acquisition of Filtran Microcircuits Inc., the major capital asset program initiated in the... (CCNMatthews Press Releases)
Ratan Tata Unveils $2,500 `People's Car,' Targeting India's Middle Class Jan 10, 2008
The new car could exceed the Indica in popularity, said R.K. Gupta, who manages $150 million as managing director of Credit Capital Asset Management in New Delhi, and is planning to buy more shares of the automaker. The car could spur even an office clerk to dream of owning a car,'' said Gupta. (Bloomberg -- Asia)
Electrovaya Announces Fourth Quarter and Year-End Fiscal 2007 Financial Results Dec 15, 2007
- Loss from operations, before interest, taxes, foreign exchange, amortization, capital assets write-down and the gain on sale of investments decreased by $284,000 or 26 ... ------------------------------------------------------------------- In thousands of US$ 3 months ended 12 months ended except per share Sept 30 Sept 30 amounts 2007 2006 2007 2006 ------------------------------------------------------------------- Revenue $ 560 $ 913 $ 2,344 $ 3,358... (CCNMatthews Press Releases)
Patheon announces fourth quarter results Dec 14, 2007
0% ---------------------------- ---------------------------- see accompanying notes Consolidated Balance Sheets (unaudited) As at As at October 31, October 31, 2007 2006 ------------------------------------------------------------------------- (in thousands of U.S. dollars) $ $ ------------------------------------------------------------------------- Assets Current Cash and cash equivalents 30,557 50,723 Accounts receivable 130,801 117,705 Inventories 88,729 72,057 Prepaid expenses and other... (Canada Newswire)
Malden wins Dept. of Ed bid Dec 14, 2007
The Massachusetts Division of Capital Asset Management began advertising for a new home for the DOE this past March, as the department s lease at its Main Street abode comes to an end roughly a year from now. The benefit of this is that we are keeping a very key employer in Malden, said Howard, noting that the city will derive taxes for the first time since 1981 from this site. (Malden Observer, MA)
College to widen its reach Dec 6, 2007
Massasoit's plan for a satellite campus in Middleborough recently got the go-ahead from the state Division of Capital Asset Management, the agency that oversees building needs for all state institutions. The approval is specific to Middleborough, according to Richard Cronin, spokesman for college president Charles Wall. (Boston Globe)
Paying the bills Nov 24, 2007
This year alone, the Massachusetts School Building Authority will provide about $500 million in aid to municipal school projects and the Department of Capital Asset Management will get another $300 million in capital funds for state building projects. Massachusetts also requires that police patrol roadway construction projects. (Boston Globe)
NTPC's Second-Quarter Profit Rises 31% as India's Electricity Demand Grows Oct 28, 2007
The prime minister has given a thrust to thermal power and NTPC will be a beneficiary company,'' said R.K. Gupta, who manages $75 million of stocks at Credit Capital Asset Management in New Delhi and holds stock in NTPC. ``It's worth buying. . (Bloomberg -- Asia)
Reliance falls over stock hopes Oct 22, 2007
"We were expecting a bonus, stock split or rights issue for Reliance Retail," said R.K. Gupta, a fund manager at Credit Capital Asset Management, referring to a unit of the oil-refining company. He said Reliance's chairman, Mukesh Ambani, promised shareholders "unprecedented value" at the shareholders annual meeting in Mumbai on Oct. 12. (International Herald Tribune -- Business Asia)
Hard lessons and a rapid rise Oct 21, 2007
"He saved $17 million by reducing the city's health care providers from three to one. But the major thing he's done is the capital asset buyback program" aimed at turning vacant lots and abandoned houses from eyesores into revenue-generating properties. Mr. Ravenstahl is convinced that these accomplishments amount to a resume worthy of his being elected to the job that was thrust upon him. (Pittsburgh Post-Gazette, PA)
Future uncertain after safety fears shut Salem State library Oct 21, 2007
College president Patricia Maguire Meservey ordered the closure in consultation with the state's Division of Capital Asset Management after being advised of the structural problems by engineers helping assess the condition of the four-story brick building on Salem State's north campus ... The engineers discovering the structural flaws are part of a team hired by the state Division of Capital Asset Management to evaluate the building. (Boston Globe -- Local)
Hospital makeover Oct 18, 2007
"When we first started this process, there was a lot of contention," said Peter Norstrand, deputy commissioner of the state Division of Capital Asset Management, the agency charged with disposing of state property. "I think we reached a great compromise.". (Boston Globe)
More of this story Oct 18, 2007
For the past three years, Diana Filban, City Clerk-Treasurer and Jim Suta, City Superintendent, have worked very hard to establish a capital asset reporting program, which was necessary in order to achieve the unqualified audit status. This involved tedious and seemingly endless research into old records to list and document all the capital assets the city is responsible for ... "Now the city has complete information on their capital assets and the annual updates can be tracked and noted in a... (Cut Bank Pioneer Press - Golden Triangle, MT)
CAPM Assumptions and Limitations Sep 30, 2007
As already explained in the article , the CAPM model explains how the expected rates of return are calculated and how various assets can be evaluated according to CAPM. Since the CAPM calculation deals with both internal and external risks, capital asset pricing model is often perceived as a much better appraisal tool than the Net Present Value (NPV) model, which utilizes only one discount rate for all investments and completely disregards their varying risk levels ... Perhaps this is why... (Suite101.com)
VA may lose some programs Sep 23, 2007
As part of this initiative, known as Capital Asset Realignment for Enhanced Services, or CARES, the VA awarded a $10. 5 million contract to PricewaterhouseCoopers to conduct studies of VA facilities at 18 sites across the country. (Boston Globe -- Local)
Forecasting finance: The benefits of attempting the impossible. By Rob Lewis Sep 21, 2007
One such traditional technique is the capital asset pricing model (CAPM), beloved of analysts and accountants alike. It has been routinely used by investment banks to justify their profits, as it assumes the volatility of a companys share price increases its cost of equity. (Accounting Web, UK)
Momentum Announces Q1 Results Sep 12, 2007
Momentum Advanced Solutions Inc. Consolidated Balance Sheets As at July 31 and April 30, 2007 --------------------------------------------------------------------------- --------------------------------------------------------------------------- July 31, 2007 April 30, 2007 Unaudited --------------------------------------------------------------------------- Assets Current assets: Cash $ 207,946 $ 2,758,000 Short-term investments 3,605,587 - Accounts receivable 3,176,938 3,012,000 Proceeds... (CCNMatthews Press Releases)
IT dept issues show-cause notice to Vodafone Essar Sep 5, 2007
Experts also point out that the department may go by a tax provision that deems all incomes accruing or arising through any business connection in India, or through any property in India, or through any transfer of capital asset situated in India as income that accrue or arise in India and hence taxable here. Intensive examination. (Hindu Business Line)
Balancing Act Aug 22, 2007
"When the market softens on the equity side you get a zing from the fixed income," says Todd Rustman, co-founder of GR Capital Asset Management in Newport Beach, Calif. That puts investors at an interesting juncture. (SmartMoney)
He's Grounded: Sikorsky To Be Sold Aug 17, 2007
John Devaney, founder and general partner of United Capital Asset Management, saw his remarkable reversal of fortune enter a new phase this week when his United Aviation Holdings subsidiary listed an ultra-luxe Sikorsky S76C helicopter for sale. A brochure that featured the listing prices the chopper at 10. (New York Post -- Business)
PreMD Reports Second Quarter 2007 Results Aug 15, 2007
Amortization expenses for capital assets and intangible assets for Q2 2007 amounted to $41,000 compared with $110,000 for Q2 2006 ... (x)Trademark (Tables Follow) PreMD Inc. Incorporated under the laws of Canada CONSOLIDATED BALANCE SHEETS (In Canadian dollars) Unaudited As at As at June 30, December 31, 2007 2006 $ $ ------------------------------------------------------------------------- ASSETS Current Cash and cash equivalents 2,515,438 112,577 Short-term investments 1,023,987 3,163,482... (PR Newswire)
Any answers answered: What a tangled web! By Simon Sweetman Aug 14, 2007
BIM 35810Where the licensed software functions as a capital asset of the licensees trade capital allowances on plant and machinery will be due under Section 71 CAA 2001. This will be the case whether or not the software comes in a corporeal medium (such as on floppy discs) separate from the licensees computer hardware. (Accounting Web, UK)
An inner-city farm Aug 13, 2007
That company, Capital Asset Research Corp., proved an impediment to redeveloping city land, until Pittsburgh Mayor Luke Ravenstahl engineered a $6 ... For a decade, it had to contend with Capital Asset, which bought old city and school district tax debt for $64 million in the late 1990s ... Because Capital Asset parent company MBIA Inc. is getting out of the tax lien business, Mr. Ravenstahl's administration was able to buy back the right to collect the old tax debt for one-tenth of what the... (Pittsburgh Post-Gazette, PA)
InnVest REIT reports results for the three and six months ended June 30, 2007 Aug 10, 2007
6 million for capital asset improvements during the second quarter and committed an additional $2. 6 million. (Canada Newswire)
Mercer International Inc. Reports 2007 Second Quarter Results Aug 8, 2007
Operating EBITDA is defined as operating income (loss) from continuing operations plus depreciation and amortization and non-recurring capital asset impairment charges ... Management considers it to be a meaningful supplement to operating income as a performance measure primarily because depreciation expense and non-recurring capital asset impairment charges are not an actual cash cost, and depreciation expense varies widely from company to company in a manner that management considers largely... (PR Newswire)
Ensign Energy Services Reports Second Quarter Earnings Aug 7, 2007
Although operating activity levels in the three months ended June 30, 2007 declined compared with the same period of 2006, depreciation expense increased due to a higher capital asset base associated with the Company's rig building program. Similarly, depreciation expense increased to $42. (Canada Newswire)
Boralex Power Income Fund: Financial Results for the Second Quarter of 2007 Aug 3, 2007
Distributable cash is defined as cash flow from operations before net change in working capital balances, net of capital asset acquisitions and proceeds from the sale of options on forward exchange-rate contracts. Note 9 - Subsequent Event On July 13, 2007, Bowater Canadian Forest Products Inc. (Bowater) gave the Fund notice of default of the operation and maintenance service agreement for the Dolbeau plant. (Canada Newswire)
ICICI profit up 25% on fees and interest Jul 23, 2007
"The bank has shown good profit growth based on a rise in fee income," said R. K. Gupta, a fund manager at Credit Capital Asset Management in New Delhi. Interest rates have risen as the Reserve Bank of India increased its overnight lending rate and its cash reserves ratio for banks twice since Jan. 1 to contain inflation that hit a two-year high. (International Herald Tribune -- Business Asia)
India's ICICI Bank First-Quarter Profit Rises 25 Percent on Credit Demand Jul 22, 2007
5 billion rupees at Credit Capital Asset Management in New Delhi. Interest rates rose after the Reserve Bank of India increased its overnight lending rate and its cash reserves ratio for banks twice since Jan. 1 to contain inflation that accelerated to a two-year high. (Bloomberg -- Asia)
Specters of old state hospitals vanish as new uses take shape Jul 8, 2007
"Each one is its own story," said Peter Norstrand, deputy commissioner of the state Division of Capital Asset Management, the state agency overseeing the properties. "They are mostly mixed uses with a preponderance of housing.". (Boston Globe)
FOREX COMMENTARY Jun 30, 2007
Maybe it's because we know modern portfolio theory is based on the incredibly flawed notion of the Gaussian Bell Curve - a fantasy created for the Capital Asset Pricing Model and the elegant curve of the efficient frontier to make sense. We know in the real world we can only properly quantify risk after the fact. (Asia Times Online)
ICICI Bank Raises $4.3 Billion as U.S., Indian Share Sale Oversubscribed Jun 24, 2007
All sectors of the economy are growing fast, and the bank needs money to give loans to consumers and manufacturing and also to bolster its capital,'' R.K. Gupta, who manages $75 million at Credit Capital Asset Management in New Delhi, said before the results were announced. Gupta applied to buy shares. (Bloomberg -- Asia)
Juicing Up Returns Jun 22, 2007
"Both Republicans and Democrats agree we need to be energy independent," says Todd Rustman, president of GR Capital Asset Management in Newport Beach, Calif. But that doesn't mean there aren't gripes. (SmartMoney)
Helix BioPharma announces Q3 2007 financial results Jun 14, 2007
Amortization of capital assets in the three and nine month period ended April 30, 2007 totalled $70,000 and $220,000 respectively (three and nine month periods ended April 30, 2006: $78,000 and $237,000 respectively). Capital asset purchases have been minimal in the nine month period ended April 30, 2007 ... The Company's unaudited interim consolidated financial statements for the three and nine month periods April 30, 2007 and 2007 are summarized below:... (PR Newswire)
Endowments - Swensen style Jun 9, 2007
Swensen has aggressively applied the diversification concepts of the capital asset pricing model (CAPM) that Tobin helped to develop. In 1985 the endowment Swensen inherited had 40 per cent in bonds and 10 per cent in a smattering of alternatives. (FT.com -- Markets)
Reliance Mutual to invest $200 mn overseas Jun 8, 2007
MUMBAI: Reliance Capital Asset Management Ltd. said on Friday it has modified offer documents for four funds to include investing in foreign securities. Indian asset managers are permitted to invest up to 10 percent of their assets as on March 31 of the year in foreign securities, subject to a maximum of $200 million. (India Times)
Governor fires state tax commissioner Jun 2, 2007
In another move, Patrick reappointed David Perini as commissioner of the Division of Capital Asset Management. He has served in the post since 2000. (Boston Globe)
City books not reconciled since July May 30, 2007
Topping Ramirez's list was bank reconciliation for last fiscal year; the compilation of financial statements for the period spanning FY 2005-06; and reconciliation of capital project funds and grant funds; capital asset records; and the booking of bond revenues and expenditures on the general ledger. In his memo, Kissinger said, "The City of Nogales has pushed back the FY 2007 audit on several occasions since February. The main reason given to me by our finance director was (that) the bank... (Nogales International, AZ)
Contractors feted official at fund-raiser May 29, 2007
"Commissioner Perini took the necessary steps required of public employees in these situations.As head of the Division of Capital Asset Management, Perini oversees about $300 million a year in state projects including courthouses, office buildings, and recreational facilities.Perini was feted May 2 at the Four Seasons Hotel in Boston by The Engineering Center, a nonprofit association of engineers and land surveyors. The dinner raised about $200,000 from contractors, including $95,000 from 33... (Boston Globe)
Lower NPLs now May 28, 2007
Your browser does not support script. ABOUT 70% of the RM400mil provisions made by Affin Bank Bhd for non-performing loans (NPLs) can been written back, said its managing director and chief executive officer Datuk Seri Abdul Hamidy Hafiz. (The Star Online, Malaysia -- Business)
Computer Modelling Group Announces Record Year End Results May 25, 2007
CMG's current needs for capital asset investment primarily relate to computer equipment. During fiscal 2007, CMG expended $0. (CCNMatthews Press Releases)
Growing Wealth Splits Traditional Indian Families as Sons Buy Room to Move May 16, 2007
Demand for housing will continue to be quite strong as the starting salaries of the young generation are almost triple that of a few years back,'' said R. K. Gupta, who manages $68 million of stocks at Credit Capital Asset Management Ltd. in New Delhi. Wages will rise 14. (Bloomberg)
Your thoughts on failed Qantas bid? May 8, 2007
" Posted by: JAC at May 7, 2007 2:47 PM I live OS so didn't see the detail of the initial bid but was in Australia when the revised bid came out. I have to say I was suprised that the Qantas board had given approval for the bid to go ahead given that it appeared the only way the numbers would stack up was via the new owners selling off key assets (eg. options to purchase planes) and to spend alot of cash that the company held currently on its balance sheet thereby limiting future capital asset... (Sydney Morning Herald -- Business)
Boralex Power Income Fund: Profitability and Stability in First Quarter 2007 May 3, 2007
Distributable cash is defined as cash flow from operations before net change in working capital balances, net of capital asset acquisitions and proceeds from the sale of options on forward exchange-rate contracts. . (Canada Newswire)
Emergis Delivers Strong Performance in First Quarter 2007 Apr 27, 2007
Both segments share in the use of its capital asset infrastructure. As a result, the Company does not disclose a measure of total assets by segment. (CCNMatthews Press Releases)
Wipro, Satyam Profits Beat Estimates on Higher Orders, Fees; Shares Gain Apr 20, 2007
Top Indian information technology companies are becoming global players,'' said R.K. Gupta, who manages $75 million of stocks at Credit Capital Asset Management in New Delhi. The sector, by and large, should do well this year. (Bloomberg -- Asia)
Increasing fees help drive Infosys to a record profit Apr 16, 2007
"The markets have approached Infosys earnings more holistically, factoring in the fact that we may not have a red- hot year globally," said R.K. Gupta, who helps manage $70 million of stocks at Credit Capital Asset Management in New Delhi. Both sales and profit forecasts "are fairly strong, especially so if you take into account a high base," said Gupta, who bought Infosys shares in the past few days. (International Herald Tribune -- Business Asia)
Marriott, Wyndham Add Hotels in China, India as Asian Growth Spurs Travel Apr 12, 2007
On average 10,000 to 15,000 rooms are being added across the country every year,'' said R.K. Gupta, who oversees $68 million of assets at Credit Capital Asset Management in New Delhi. One of the hurdles facing foreign hotel operators is finding real estate developers who can build hotels on time and within budget, said Amit Kapoor, an analyst at White Plains, New York-based Gabelli & Co., which owns shares of Starwood. (Bloomberg)
Ensign Energy Services Announces Record 2006 Financial Results Mar 19, 2007
Although 2006 operating activity levels remained fairly flat compared with 2005, depreciation expense has increased due to a higher capital asset base associated with the Company's rig building program ... The decline in depreciation expense in the fourth quarter of 2006 is due to a decline in operating activity levels, offset by a higher capital asset base, compared with the prior period. (Canada Newswire)
Sales tax revision unveiled Mar 15, 2007
n Definitions are changes to allow for a capital asset cost pool like the vehicle pool to qualify without allowing anything like paperclips in an absurd example frequently mentioned bought in bulk to qualify as a capital project. POST A COMMENT. (Chippewa Falls Chippewa Herald, WI)
Enseco Announces the Acquisition of Expro Group Canada Inc., a New Credit Facility and Its Results for the Three and Nine Months Ended December 31, 2006 Mar 2, 2007
Capital asset additions of $4 ... Capital asset additions for the three and nine months ended December 31, 2006 included: $3. (CCNMatthews Press Releases)
Pricing model: fine in theory, worthless in reality Feb 10, 2007
Few theories are more influential or important in driving financial markets as the inelegantly named capital asset pricing model. Too bad it does not appear to work very well. (FT.com -- Markets)
Sberbank of Russia seeks $12 billion in share offering Jan 30, 2007
"We like the banking sector because of the growth potential and low penetration" among customers, said Jacob Grapengiesser, an investment manager at East Capital Asset Management in Stockholm. "The stock had been undervalued for a very long time.". (International Herald Tribune -- Business Asia)
Executive Order: Strengthening Federal Environmental, Energy, and Transportation Management Jan 25, 2007
f) ensure that (i) new construction and major renovation of agency buildings comply with the Guiding Principles for Federal Leadership in High Performance and Sustainable Buildings set forth in the Federal Leadership in High Performance and Sustainable Buildings Memorandum of Understanding (2006), and (ii) 15 percent of the existing Federal capital asset building inventory of the agency as of the end of fiscal year 2015 incorporates the sustainable practices in the Guiding Principles. (g) ensure... (White House News Releases)
