Blog Posts by Stacy Curtin

  • McCowan and Associates Ltd. Press Release

    TORONTO , Sept. 4, 2015 /CNW/ - McCowan and Associates Ltd. ("McCowan"), a corporation owned and controlled by Ronald McCowan , announced that it has today acquired beneficial ownership of 55,950 units ("Units") of Partners Real Estate Investment Trust ("Partners REIT"), representing approximately 0.2% of the issued and outstanding Units. The Units were acquired through the facilities of the Toronto Stock Exchange at an average price of approximately $3.50 per Unit. As a result of this acquisition, McCowan now has beneficial ownership of 4,951,787 Units, representing approximately 18.6% of the issued and outstanding Units.

    McCowan acquired the Units for investment purposes. Subject to compliance with applicable securities laws, McCowan may, from time to time, increase or decrease its ownership, control or direction over the Units or other securities of Partners REIT through market transactions, private agreements or otherwise.

    SOURCE McCowan and Associates Ltd.

    Read More »from McCowan and Associates Ltd. Press Release
    Contact:
    For further information or a copy of the report filed under National Instrument 62-103, please contact: Ronald McCowan, Chief Executive Officer, McCowan and Associates Ltd., 158 Dunlop Street East, Unit #201, Barrie, Ontario L4M 1B1, Tel: (705) 737-1057 ext. 106
  • A former top aide to ex-president Luiz Inacio Lula da Silva was charged Friday in Brazil's huge corruption probe, along with the former treasurer of the ruling Workers' Party.

    Jose Dirceu served as chief of staff to Lula between 2003 and 2005 and is one of the biggest names caught in the probe known as Operation Car Wash into bribery and embezzlement at state oil giant Petrobras.

    Dirceu, who has been detained since August 3, is accused of corruption and money laundering.

    He is alleged to have played a central role in the kickbacks scheme, which is estimated to have seen $2.1 billion in bribes change hands, mostly in exchange for massively overpriced building contracts.

    "Dirceu was an important Brazilian political leader. For a long time he represented the ideals of many, but the evidence tells us that he committed serious crimes and must be held responsible," lead prosecutor Deltan Dallagnol said in Parana, southern Brazil.

    Dirceu was already under house arrest following his

    Read More »from Top former aide to Lula charged in Brazil corruption
  • Harvest Properties and The Roxborough Group Acquire Office Building in Heart of Downtown Berkeley

    Full Service Bay Area Real Estate Developer and Privately Held Real Estate Investment Firm Purchase 3-Story, 36,041 sf. 2168 Shattuck Avenue in Off-Market Sale

    EMERYVILLE, CA--(Marketwired - Sep 4, 2015) - Harvest Properties, a full service commercial real estate investment, development and management firm in partnership with Roxborough Fund I, an affiliate of San Francisco-based real estate investment firm The Roxborough Group, confirmed the off-market purchase of 2168 Shattuck Avenue in Berkeley, Calif., commonly known as Constitution Square, from a private individual. Deal terms remain undisclosed. The three-story, 36,041 square foot office building, with four ground floor retail units, sits in a prime location one block from the University of California, Berkeley campus. Constitution Square is also located directly in front of the Downtown Berkeley BART Station, the second busiest station outside San Francisco, which is slated for a $12 million renovation in 2016. Immediate BART access and adjacency to the 610-stall Allston Way Garage for parking provide superior transportation options, and with the multitude of diverse amenities in

    Read More »from Harvest Properties and The Roxborough Group Acquire Office Building in Heart of Downtown Berkeley
  • McGraw-Hill Education files for $100M IPO

    Educational content developer McGraw-Hill Education files for IPO valued at up to $100M

    NEW YORK (AP) -- Educational content maker McGraw-Hill Education plans to go public.

    Best known as a publisher of textbooks and instructional materials, the company is now investing heavily in developing digital content and technology like its "Reading Wonders" and "Economics: Principles, Problems, and Policies" programs.

    It filed for an IPO that was valued at up to $100 million, according to a form filed Friday with the Securities and Exchange Commission. The $100 million figure is an estimate used for the purpose of calculating a filing fee.

    The New York-based company says its programs are used by 250,000 higher education instructors and in 13,000 kindergarten to 12th-grade school districts. It also makes products for companies, academic institutions, libraries and hospitals.

    The company reported $1.86 billion in revenue in 2014, and said 38 percent of revenue from its U.S. higher education

    Read More »from McGraw-Hill Education files for $100M IPO
  • Ruling: More Nevada workers eligible for higher minimum wage

    Judge rules more workers eligible for higher pay rate under Nevada's 2-tier minimum wage law

    LAS VEGAS (AP) -- A Carson City judge's recent decision about Nevada's two-tier minimum wage law could mean more workers are eligible for the higher $8.25 per hour rate, rather than the $7.25 allowed if the employer provides health insurance.

    Judge James Wilson last month struck down two portions of Nevada code based on the minimum wage constitutional amendment voters passed in 2006. Nevada Labor Commissioner Shannon Chambers, citing ambiguities in the law, said her office plans to ask for a stay so the ruling is not enforced while the case is appealed to the Nevada Supreme Court.

    "The language contained in the constitutional amendment needs additional clarification because the terms used in the amendment reference both 'offer' and 'provide' in relation to health insurance," Chambers explained Friday.

    Wilson ruled Aug. 12 that employers cannot count tips when calculating whether an employee should get the higher

    Read More »from Ruling: More Nevada workers eligible for higher minimum wage
  • Business of Sport: The Hoffenheim Story

    TSG 1899 Hoffenheim was a village soccer team until their former player (and now a billionaire) Dietmar Hopp started investing in them in 2000. Within 8 years, Hoffenheim was competing in the Bundesliga, the top tier of German soccer. Bloomberg's Mark Barton spoke to the co-founder of SAP and majority owner of TSG 1899 Hoffenheim for an exclusive interview. (Source: Bloomberg)

    More from Bloomberg.com

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    Read Business of Sport: The Hoffenheim Story on bloomberg.com

  • Toyota getting in gear with smart cars

    Toyota on Friday announced plans to invest $50 million into building artificial intelligence into cars, an indication it could be joining the race to develop driverless vehicles.

    The joint research with Stanford University and the Massachusetts Institute of Technology will take place over the next five years, Toyota Motor Corporation said, emphasizing its interest in technology that could be used by people as they grow old or become less able to drive safely.

    "We will initially focus on the acceleration of intelligent vehicle technology, with the immediate goal of helping eliminate traffic casualties and the ultimate goal of helping improve quality of life through enhanced mobility and robotics," Toyota's research and development chief Kiyotaka Ise said in a statement.

    Lab efforts will be directed by former US Defense Advanced Research Projects Agency program manager Gill Pratt, who headed a recent contest for robots that could be used to help emergency workers in disaster situations.

    Read More »from Toyota getting in gear with smart cars
  • Jailed Venezuelan opposition leader Leopoldo Lopez appeared in court Friday for the final phase of his trial on charges of inciting violence during protests that shook the country last year.

    Scores of supporters gathered outside the court as Lopez arrived for the hearing, which could stretch over a matter of days.

    Lopez, who has been held at a military prison since February 2014, faces up to 12 years in jail if convicted.

    Numerous human rights groups have called for his release, condemning the case against him as politically motivated.

    His lawyer says there have been serious irregularities in his trial, which has been held behind closed doors.

    The judge admitted 138 witnesses for the prosecution but just one of the 50 witnesses and pieces of evidence submitted by the defense.

    Lopez, a US-trained economist, is one of the main leaders of the radical opposition movement seeking to force the ouster of socialist President Nicolas Maduro's government.

    He was a prominent figure during last

    Read More »from Trial winding down for popular Venezuela dissident leader
  • Christy Wyatt(Good Technology)
    Good Technology CEO Christy Wyatt.

    When Good Technology announced Friday that it had sold itself to its long-standing rival BlackBerry for $425 million in cash, it was a moment of triumph for Good CEO Christy Wyatt.

    Good has one of the longest, craziest histories we've ever heard of, filled with exits, near-exits, pivots, and reinvention.

    Today, Good Technology is known for its enterprise mobile security products, which helps enterprises track and protect fleets of smartphones and tablets.

    But it began life back in 2000 as a company called SpringThings, an email reader device that got crushed during BlackBerry's heyday.

    By 2002, it had changed its name and shifted focus to software, plugging along until Motorola bought it in 2006 for somewhere between $400 million and $540 million.

    Then Motorola sold it off, and shortly after, Good found its calling managing devices, an area where its old rival BlackBerry also competed.

    Once a hot market, Good raised about $146

    Read More »from This woman sold her company for $425 million in cash after her $100 million IPO died
  • Baha Mar Comments On Bahamian Supreme Court Ruling

    NASSAU, Bahamas, Sept. 4, 2015 /PRNewswire/ -- Baha Mar today stated:

    "The ruling by The Supreme Court of The Bahamas--appointing a provisional liquidator with limited authority and scheduling the winding up petition two months from now-- provides Baha Mar with further time to move forward with its efforts to resolve issues so that it can complete construction properly and open successfully as soon as possible.

    "Today has been an important day for Baha Mar—one that gives us further confidence that we will succeed in our efforts. We are pleased that, in making its ruling, The Bahamian Supreme Court has made it quite clear that the present intention is to not have Baha Mar liquidated or its management replaced. In fact, the judge specifically wants to make sure that Baha Mar's assets are preserved—which is a priority we all share.

    "We are confident that Baha Mar will succeed and that the provisional liquidator will not only confirm that Baha Mar is not wasting assets but, that Baha Mar

    Read More »from Baha Mar Comments On Bahamian Supreme Court Ruling

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