Waters to Talk to Press on Ethics Charges Aug 13, 2010
The ethics report determined that Waters' stock would have been rendered worthless if OneUnited failed, thus the violations "constitute compensation accruing to the beneficial interest of [Waters]," according to the committee. 1. (ABC News)
Democats Face Ethics Flaps Ahead of Midterms Aug 11, 2010
Because Waters' stock would have been rendered worthless if OneUnited had failed, the violations "constitute compensation accruing to the beneficial interest of [Waters]," according to the committee. According to House rules, "A member ... may not receive compensation and may not permit compensation to accrue to the beneficial interest of such individual from any source, the receipt of which would occur by virtue of influence improperly exerted from the position of such individual of Congress.".... (ABC News)
Gold Fields South Deep New Order Mining Right Executed and Bee Transactions Approved Aug 5, 2010
The majority of the Trustees will be independent and the Trust will hold a 54% beneficial interest in BEECO; (ii) a selected number of black business and community leaders, who will not be related parties as defined by the JSE Listings Requirements and will hold a combined 36% beneficial interest in BEECO; and (iii) a Broad-Based Community Trust. The majority of the Trustees will be independent and the Trust will hold a 10% beneficial interest in BEECO; - The acquisition of the BEECO's 10% stake... (Canada Newswire)
Rep. Maxine Waters: ‘You don’t use your chits for nothing’ Aug 4, 2010
Under House Rule 23, clause 3, Members may not permit compensation to accrue to the beneficial interest of such individual from any source, the receipt of which would occur by virtue of influence improperly exerted from the position of such individual in Congress. According to the in December of 2008 OneUnited Bank received $12 million in bailout funds. (Human Events Online)
Cream Minerals-Roca Mines Option Agreement Terminated Jul 23, 2010
The agreement called for the expenditure of $US12 million dollars by July 24, 2013 to earn a 50% legal and beneficial interest in Nuevo Milenio. In addition the agreement provided for a further option to earn an additional 20% interest in the property, for a total of 70% by completing a positive feasibility study by October 24, 2017. (CCNMatthews Press Releases)
Grasslands Entertainment Inc. Announces Amended Merger with Foundation Financial Holdings Corp. and Change of Business Jul 9, 2010
No Non-Arm's Length Party (as that term is defined in the TSX-V Policies) of the Company has any direct or indirect beneficial interest in FFHC, and there is no relationship between any Non-Arm's Length Party of the Company and any Non-Arm's Length Party of FFHC.. The RTO is subject to certain regulatory approvals and is conditional upon the completion of satisfactory due diligence by both Grasslands and FFHC and the negotiation of a definitive agreement. (CCNMatthews Press Releases)
Leave those CFDs to the trading specialists Jun 12, 2010
Unlike shares, you have no beneficial interest once you have deposited your money. With shares you still own your BHP if the ASX goes broke. (Sydney Morning Herald -- Business)
SEC hears arguments on McGinn Smith assets Jun 10, 2010
Although the Smiths said they have no beneficial interest in the trust, SEC attorney David Stoelting argued that David Smith actually controlled the trust from the beginning and that Boston attorney Thomas Urbelis, the original trustee, was simply a figurehead who did what he was instructed to do. Although the trust was allegedly set up for the benefit of Geoffrey and Lauren, the only transfers out of the trust, a total of more than $500,000, went to their parents personal account. (Albany Business Review, NY)
Lowys take on US tax department May 24, 2010
Their request was initiated three months after the US Senate permanent subcommittee on investigations, which was probing the use of tax havens by US citizens, alleged that the Liechtenstein-based LGT Bank earlier this decade helped ''the Lowys hide their beneficial interest in a foundation with $US68 million in assets. At the time of the US Senate subcommittee allegations, family patriarch Frank Lowy issued a statement denying that any Lowy family member received distributions or personally... (Sydney Morning Herald -- Business)
The right gear May 5, 2010
The Age: national, world, business, entertainment, sport and technology news from Melbourne's leading newspaper. an error occurred while processing this directive. (Sydney Morning Herald -- Business)
Mall owner PREIT prices offering May 5, 2010
Mall owner said Tuesday that it priced an offering of 9 million common shares of beneficial interest at $16. 25 per share. (Philadelphia Business Journal, PA)
Colonnade Files 43-101 Report and Filing Statement Apr 14, 2010
Colonnade has entered into an option agreement with Canasia Industries Corporation ("Canasia"), whereby Colonnade can earn a fifty-one percent (51%) beneficial interest in the Eyehill Creek Potash Property (the "Property"). The Exchange has conditionally accepted the Proposed Transaction subject to Colonnade fulfilling all of the requirements of the Exchange. (CCNMatthews Press Releases)
Buyers Broker Earns Commission at Execution of Purchase Agreement Not Closing of Escrow Apr 13, 2010
D]uring the period of the delay, the condominium market in downtown Los Angeles suffered a reversal" and Standard Pacific felt the project was no longer feasible. Standard Pacific and Lincoln entered into a release agreement and Standard Pacific forfeited $4 million. Escrow was cancelled and no commission was paid. RC then brought suit for its commission. The trial court ruled in favor of Standard Pacific, holding that there was no obligation to pay a commission unless escrow closed. RC... (RealtyTimes)
PRT Announces Results for Year Ended December 31, 2009 Mar 25, 2010
Each Trust Unit represents an equal undivided beneficial interest in the assets of the Fund. All Trust Units of the Fund are of the same class with equal rights and privileges. (CCNMatthews Press Releases)
Hersha Hospitality plans $102M offering Mar 20, 2010
Hotel owner said Friday that it plans to raise $102 million in a public offering of common shares of beneficial interest. Philadelphia-based Hersha (NYSE:HT) said it will price 24 million shares at $4. (Philadelphia Business Journal, PA)
Biopharma Stock Alert for Pfizer Inc. Issued by Beacon Equity Mar 8, 2010
Beacon Equity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. (Primezone Releases)
High Court May Favor Clients Over Lawyers in Fee Shift Dispute Feb 23, 2010
Leach argued that before the government does any offset, "it must look to who has the beneficial interest." There is a constructive trust between the attorney and the client before an award is made and the attorney holds the beneficial interest, he said. Justice Ruth Bader Ginsburg appeared skeptical and noted that Congress did exempt a number of federal payments from the offset law, but not attorney fees under the Equal Access to Justice Act. (Law.com)
Pemberton secures additional mineral rights in Kindersley, Saskatchewan Feb 19, 2010
5% beneficial interest and will assume 100% of the drilling and completion costs inclusive of all operating, processing, transportation and production costs. Pemberton is still in negotiations on the previously announced 840 acres (340 Ha) of land in the Kindersley, Saskatchewan and is optimistic that these negotiations will be completed shortly. (Canada Newswire)
Canfor Pulp Income Fund Announces Fourth Quarter 2009 Results and Monthly Distribution Feb 6, 2010
The Fund has reviewed its options and intends to present a proposal for unitholders' approval at the annual general meeting on April 27, 2010 involving an internal restructuring under which unitholders will hold their beneficial interest in the Partnership through a corporation rather than a trust ... The Fund has reviewed its options and intends to present a proposal for unitholders' approval at the annual general meeting on April 27, 2010 involving an internal restructuring under which... (CCNMatthews Press Releases)
7 Stocks That Could Cause Permanent Losses Jan 11, 2010
You can followFool contributorAlex Dumortier, CFA,on Twitter; he has no beneficial interest in any of the companies mentioned in this article. Berkshire Hathaway and Chesapeake Energy are Motley Fool Inside Value recommendations. (MSNBC -- Business)
