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New York Financial District Becomes Temporary Home To Kwikset Locks - Yahoo Finance
LAKE FOREST, Calif., May 18, 2012 /PRNewswire/ -- At a time when homeowners are investing in highly flexible and usable spaces, Country Living features Kwikset® as a smart and convenient security solution throughout its 2012 House of the Year micro-cottage project. Open to the public today through May 23, Kwikset's sponsorship will extend smart security options to a kitchen, office and guest bedroom with Kwikset's Signature Series™ products. Kwikset's SmartKey® re-key technology and SmartCode™ keyless entry products are featured in each of the micro-cottages.
"Country Living is well-known for celebrating stylish interiors that reflect their readers' interests and personal journeys," said Tracy Haugh, senior brand manager, Kwikset. "By partnering with the House of the Year, we will showcase how Kwikset's smart, simple security solutions align with homeowners' unique lifestyles and style preferences."
"We're so glad to have Kwikset lend their support to the House of the Year project," says Sarah Gray Miller, editor in chief, Country Living. "Like with all homes, it was important to ensure the safety of Country Living's House of the Year, and Kwikset made that process seamless and easy."
Country Living's 2012 House of the Year building project, Room to Spare, consists of three separate single room micro-cottages approximately 250 square feet each. Separate from the main home, these cottages enable homeowners to add space without the hassle and inconvenience of major construction. The micro-cottages are displayed at The World Financial Center and open to the public for one week in May. Visitors have the opportunity to experience Kwikset's SmartKey re-key technology and SmartCode products and experience their functionality in a synergistic environment. Additionally, homeowners can tour the cottages in the September issue of Country Living and virtually on August 7, when the issue hits newsstands.
For more information about Kwikset's handleset, knob, lever and deadbolt product offerings, please visit www.kwiksetpresskit.com.
About Kwikset
Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, and more.
The Stanley Black & Decker Hardware and Home Improvement Group (HHI) is part of the company's Mechanical Access Solutions division. HHI develops, manufactures, markets and sells builders' hardware, residential and commercial door hardware, kitchen and bath faucets, shower systems and bath accessories under the Stanley®, National Hardware®, Kwikset®, Weiser®, Baldwin®, and Pfister® brands. Headquartered in Orange County, Calif., HHI has a global sales force and operates manufacturing and distribution facilities in the U.S., Canada, Mexico and Asia.
About Country Living
Country Living (www.countryliving.com) is a lifestyle magazine, focusing on a variety of topics including decorating, antiques, cooking, travel, remodeling and gardening. In addition to its U.S. flagship, Country Living publishes a United Kingdom edition. Country Living is published by Hearst Magazines, a unit of Hearst Corporation (www.hearst.com), the largest publisher of monthly magazines in the U.S. (ABC 2011) which reaches 87 million adults each month (Spring 2011 MRI). For the latest from Country Living, visit Country Living's Facebook page, Pinterest board and follow Country Living on Twitter at @CountryLiving.
Media Contacts:
IMRE
Abby Draper, abbyd@imre.com
Phone: 213.289.9190
Financial storm gathers pace - The Independent
European markets suffered further losses after Moody's Investor Service downgraded 16 Spanish lenders, blaming the move on the country's waning ability to shore up its banks.
However, a spokesman for Santander UK reassured customers that it was "completely autonomous" from its parent firm, adding that "money raised in the UK stays in the UK".
As Spain's woes deepened, investors continued to be troubled by political turmoil in Greece, where a caretaker government has stepped in to steer the debt-ridden country into repeat elections next month.
Jordan Lambert, trader at Spreadex, said the "environment is getting increasingly bleak" with Moody's downgrade of the Spanish banks adding to the "sour taste".
The FTSE 100 Index lost nearly 1%, while France's Cac-40 fell 1% and the Dax in Germany lost 0.5%. Spain's Ibex-35, however, rose 0.5%.
While Spain saw its implied borrowing costs pull back slightly, the yield on 10-year bonds still remained above 6%, in a sign that investors lack confidence in the country's finances.
Moody's debt downgrade came after the Spanish government was forced to deny there had been a run on the country's fourth biggest lender, Bankia, amid reports that 1 billion euros (£800 million) had been withdrawn since it was nationalised last week.
Bankia, which was bailed out last week when the government converted loans into a 45% stake, saw shares recover 30% today, following a 30% plunge yesterday.
Greece, which some fear will have to exit the euro if an anti-austerity party is elected in June, was also hit with a downgrade from ratings agency Fitch.
The "heightened risk" that the political and economic crisis could drag the country out of the single currency prompted the move, Fitch said.
In the US, a disappointing manufacturing report sparked fears over the country's economic recovery in overnight trading but all eyes were on Facebook's pending flotation on the New York Stock Exchange.
The social-networking site will offer shares for 38 US dollars (£24) a piece, valuing it more than 100 billion dollars (£66 billion), in a move that some analysts hope might distract from the crisis in Europe.
Chris Weston, institutional trader at IG Markets, said: "Tonight is all about Facebook, and we thoroughly expect a good day's showing on its first day of trade.
"One hopes a positive tape will lift spirits, if for no other reason than to give traders something other than Greece to think about."
The developments came after David Cameron issued a call for action from eurozone states and institutions to support weaker economies such as Greece or see the single European currency break up.
The Prime Minister said he would do "whatever it takes to keep Britain safe from the storm", but made clear that the UK could not be immune from the consequences of a collapse of the euro.
PA
Money for two city galleries - Sunderland Echo
THE National Glass Centre is one of 11 North East arts providers to benefit from a £30million cash pot.
The Monkwearmouth venue will receive £238,000 from the Arts Council’s Catalyst Arts Funds.
It will be shared with the Northern Gallery for Contemporary Art, in Fawcett Street, to support fund-raising for off-site installations, exhibition space improvements and artwork commissions.
Neary £2million of the fund will be handed to arts in the region, including the Baltic in Gateshead and Seven Stories in Newcastle.
Alison Clark-Jenkins, of Arts Council England, said: “This is good news for the region and shows how the cultural sector is working hard to develop innovative ways to increase arts giving and philanthropy, in a region where large private donors are scarce.”
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Print this pageCalifornia judges must post financial info online - Marin Independent Journal
California's judges will now have to post all their financial disclosure information in cyberspace.
In a unanimous decision, the state's Fair Political Practices Commission on Thursday approved a rule that requires California's more than 1,700 judges to post their disclosure forms on the Internet, despite objections from judicial leaders that it could jeopardize their privacy and security.
The FPPC decided to impose the 2-year-old rule on judges that already had been applied to the rest of the state's elected officials.
The judges' financial disclosure forms are already available publicly at individual courthouses, but groups such as the California Judges Association opposed putting that same information on the Internet, saying that angry litigants should not have such easy access to a judge's personal information.
To offset the judges' concerns, the FPPC included provisions that allow judges to have some information redacted before it is posted online, such as home addresses and names or workplace addresses of family members.
Howard Mintz covers legal affairs. Contact him at 408-286-0236; follow him at Twitter.com/hmintz.
Stocks tumble after Spanish banks have credit ratings cut - Metro.co.uk
The Ibex 35 index was off more than two points shortly after trading began on Friday.
Banks among the biggest losers, although both the index and bank stocks recovered later.
Shares in Bankia, a recently nationalised bank, took a roller coaster ride on Thursday, ending up sharply lower on reports depositors pulled out a billion euro in a week.
The fall comes after Moody's cut the ratings of 16 Spanish banks in total, as well as Santander UK, with fears over the country's losses impacting on an already fragile eurozone.
A spokesman for Santander said there would be 'no impact' on its businesses in the UK or its 'plans for future growth'.
Banco Santander and BBVA, the two biggest banks in Spain, were also included with ten of the banks being placed on the negative credit watch, showing the potential for further downgrades.
According to Moody's, due to the Spanish government's borrowing difficulties, its ability to provide support to the banks has been 'reduced'.
The agency also cited 'adverse operating conditions, characterised by the renewed recession, the ongoing real-estate crisis and persistent high levels of unemployment'.
Because the Spanish government has had to pay higher rates of interest when borrowing money on the markets, some feel that the country will need a bailout.
The ratings of four Spanish regions, Catalonia, Murcia, Andalucia and Extremadura, were also cut as there was a perceived 'low probability' that their regional governments would be able to meet their respective 2012 deficit targets.
5-Star Stocks Poised to Pop: Thompson Creek - Daily Finance
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, molybdenum producer Thompson Creek Metals (NYS: TC) has earned a coveted five-star ranking.
With that in mind, let's take a closer look at Thompson Creek's business and see what CAPS investors are saying about the stock right now.
Thompson Creek facts
| Headquarters | Denver |
| Market Cap | $600.0 million |
| Industry | Diversified metals and mining |
| Trailing-12-Month Revenue | $576.0 million |
| Management | Chairman/CEO Kevin Loughrey President/COO Scott Shellhaas |
| Return on Equity (Average, Past 3 Years) | 7.1% |
| Cash/Debt | $162.7 million / $373.2 million |
| Competitors | Chevron Mining Climax Molybdenum General Moly |
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 98% of the 1,272 members who have rated Thompson Creek believe the stock will outperform the S&P 500 going forward.
Earlier this month, one of those Fools, techpatriot, tapped the stock as a solid bargain opportunity: "Lots of value here still -- assets in the ground are not going away, but the stock is being discounted as if they do not exist. [Mt. Milligan mine] development, while admittedly severely over budget is still proceeding at a pace to bring the new mine online in late 2013 early 2014."
If you want to retire rich, you need to put together the best portfolio you can. Owning exceptional stocks is a surefire way to secure your financial future. Of course, despite its five-star rating, Thompson Creek may not be your top choice.
If that's the case, we've compiled a special free report for investors called "The Tiny Gold Stock Digging Up Massive Profits," which uncovers another small miner with big potential. The report is 100% free, but it won't be around forever, so access it now.
Want to see how well (or not so well) the stocks in this series are performing? Follow the new TrackPoisedTo CAPS account.
Human trafficking poses money laundering risk: FATF - Deccan Herald
Illicit money from the country is being laundered to the USA and UK by organised human trafficking syndicates, a global body setting standards for combating terror financing and money laundering has said for the first time in its latest report.
The United Kingdom's Department of Home Affairs has found that an organised gang of human traffickers operating from India, South Africa and the UK was instrumental in illegally sneaking 200 migrants into the country and the total crime money involved in the clandestine operation was about Rs 6 crore, a report by the Financial Action Task Force (FATF) said.
The FATF, of which India became the 34th member last year, has placed on record instances of this undated crime in its recent report, titled, 'Money Laundering Risks Arising from Trafficking in Human Beings and Smuggling of Migrants'.
"(The first) case involves an organised criminal syndicate which operated from India, South Africa and the United Kingdom. They assisted people from India to get into the UK by smuggling them through South Africa.
"When the people arrived in South Africa, another member of the syndicate would arrange identity documents and passports for them by supplying false information to the Department of Home Affairs.
"Upon obtaining their travel documents they would then leave for the UK. In this manner, more than 200 persons were assisted to get to the UK. The average amount charged was ZAR 40,000 per person and it would either be paid in cash or in installments into the bank account of the syndicate member in South Africa.
"Bank statements of the South African member were obtained and it reflected scores of deposits of ZAR 2,000 from various persons," the report said, while describing the operations of an organised syndicate operating in India.
"These instances in the FATF report indicate the nexus of money laundering and terror financing with human trafficking in the country," a senior Revenue intelligence officer in the national capital said.
The report states that one of the major attractions for criminals to indulge in human trafficking and smuggling of migrants is because this is seen as a relatively "low risk-high reward" crime.
"Good profits can be made with the prospect of limited penalties if caught, in large part because the prosecution is for the predicate offence and not for money laundering," the bulky report said.
Another case with Indian connections originated from the United States of America (USA), as per the FATF.
"One US Immigration and Customs Enforcement Homeland Security Investigations (ICE-HSI) case targeted an organisation that was involved in smuggling undocumented Indian nationals into the United States. In August, 2006, individual X solicited another person to assist him in finding a new smuggling contact. This individual introduced X to an undercover ICE-HSI special agent. The ICE-HSI special agent agreed to smuggle Indian nationals from Bangkok, Thailand to the United States for USD 12,000 per alien.
"In March, 2007, ICE-HIS special agents brought six Indian nationals into the United States on significant benefit paroles on behalf of the smuggling organisation. The aliens believed they were entering the United States on counterfeit Permanent Resident Alien Cards.
"The aliens were delivered to members of the smuggling organisation in Pennsylvania. The process was repeated in August, 2007. The smuggling organisation paid the undercover agent in money orders sent via a money remitter from Chicago and Philadelphia," the report said.
Another instance of such a financial crime was reported in Pennsylvania, where payments were made to Indian agents of a "principal leader" of a migrant smuggling organisation based in the United States for successfully pushing in Indians illegally.
Stocks mixed as Asia edges, Europe sags on worries over Greece - Toronto Star
BANGKOK—Asian stocks eked out gains Thursday as traders hunted for bargains after sharp selling in recent days, but markets in Europe fell amid intensifying fears of a messy exit by Greece from the euro common currency.
Greece called a new round of elections for June 17 after coalition talks to form a government fell apart. The president said depositors were pulling hundreds of millions of euros out of banks, weakening the country’s strained financial system.
The developments fueled fears that Greece would exit the euro currency and shake global markets. In elections earlier this month, Greek voters punished parties that supported tough austerity measures needed to secure international bailout money.
But analysts at Credit Agricole CIB in Hong Kong said the scheduling of new Greek elections suggested “a reduction in near-term uncertainties” that could lead to some relief for volatile markets.
Britain’s FTSE 100 fell 0.4 per cent to 5,380.72 in early trading. Germany’s DAX fell 0.2 per cent to 6,373.01 and France’s CAC-40 lost 0.2 per cent to 3,042.45.
U.S. stocks were set for a moderately higher opening, with Dow Jones industrial futures up 0.3 per cent at 12,610. S&P 500 futures rose 0.4 per cent to 1,327.
In Asia, stock markets enjoyed a slight rebound as investors went bargain-hunting, analysts said.
Japan’s Nikkei 225 climbed 0.9 per cent to close at 8,876.59 after the country posted better-than-expected growth figures for the first quarter. South Korea’s Kospi added 0.3 per cent to 1,845.24. Benchmarks in Taiwan, New Zealand and the Philippines also rose.
Australia’s S&P/ASX 200 slipped 0.2 per cent to 4,157.40, dragged down by financial stocks. Hong Kong’s Hang Seng closed 0.3 per cent down at 19,200.93.
Mainland Chinese shares bounced back from early losses, buoyed by calls from the country’s central bank governor, Zhou Xiaochuan, for market reforms.
The benchmark Shanghai Composite Index rose 1.4 per cent to 2,378.89. The Shenzhen Composite Index also gained 1.4 per cent to 954.95. Shares in brokerages, financial and trading-related companies led the gains.
Positive news on the U.S. economy on Wednesday underpinned sentiment in Asia. Construction of homes in April rose 2.6 per cent from March, and U.S. factory production increased 0.6 per cent in April, helped by a gain in auto production.
Some Japanese stocks saw big gains amid news that the country’s economy grew at an annualized 4.1 per cent for the January-March quarter thanks to a rebound in consumer spending.
Sharp Corp. jumped 5.7 per cent and Mazda Motor Corp. added 3.8 per cent. Steel company JFE Holdings shot up 5.5 per cent.
Benchmark oil for June delivery was up 52 cents to $93.33 per barrel in electronic trading on the New York Mercantile Exchange. On Wednesday, the contract fell by $1.17 to finish at a seven-month low of $92.81 per barrel in New York.
In currencies, the euro fell to $1.2715 from $1.2725 late Wednesday in New York. The dollar rose to 80.35 yen from 80.29 yen.
AP researcher Fu Ting contributed from Shanghai.
Financial 15 Split Corp.: Regular Monthly Dividend Declaration for Preferred Share - msnbc.com
TORONTO, ONTARIO — Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.04375 for each Preferred share ($0.525 annually). Distributions are payable June 8, 2012 to shareholders on record as of May 31, 2012. There will not be a distribution paid to Financial 15 Class A Shares for May 31, 2012 as per the Prospectus which states no regular monthly dividends or other distributions will be paid on the Class A Shares in any month as long as the net asset value per unit is equal to or less than $15.00. The net asset value as of May 15, 2012 was $13.60.
Since inception Class A shareholders have received a total of $9.85 per share (including two special distributions totaling $0.50 per share) and Preferred shareholders have received a total of $4.48per share inclusive of this distribution, for a combined total of $14.33.
Financial 15 invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Income Fund, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co. Shares held within the portfolio are expected to range between 4-8% in weight but may vary at any time.
Distribution Details: Preferred Share (FTN.PR.A) $0.04375 Ex-Dividend Date: May 29, 2012 Record Date: May 31, 2012 Payable Date: June 8, 2012
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