Industry Extra

first_imgGreat Britain: On December 23 FirstBus plc shareholders approved a change of name to FirstGroup plc, reflecting the widening scope of its transport operations with the Great Eastern rail franchise.Switzerland: Stadler Group has bought the remaining 30% of Stadler Altenrhein from Adtranz subsidiary Schindler Waggon.last_img

Leicester City preparing a ‘very solid offer’ to sign target in…

first_imgby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksTrending TodayForge of Empires – Free Online GameIf You Like to Play, this Strategy Game is a Must-HaveForge of Empires – Free Online GameUndo聽多多 Hearmore.asia1969年前出生的香港居民現可免費試戴頂尖的歐洲助聽器聽多多 Hearmore.asiaUndoDating.comWhere do attractive singles find each other in Tung Chung?Dating.comUndoSmart Tech TrendOver 55? You Have to Try Those Revolutionary Glasses!Smart Tech TrendUndoCNN with DBS BankThe New Role Banks Are PlayingCNN with DBS BankUndoHero WarsGetting this Treasure is impossible! Prove us wrong!Hero WarsUndoInstant Voice Translator43 Languages Instant Voice Translator Flying Off Shelves in Hong KongInstant Voice TranslatorUndoGrepolis – Online Free GameGamers Around the World Have Been Waiting for this Game! Already 35 Million PlayersGrepolis – Online Free GameUndoLoans | Search AdsNeed a loan? Search hereLoans | Search AdsUndo According to Ajansspor’s Ekrem Konur, Leicester City are looking to sign Fenerbahce forward Vedat Muriqi in the January transfer window. Earlier this week we covered reports from Turkey the Foxes are interested in signing the Kosovan international, and that they watched him in action when Fenerbahce beat Genclerbirligi 5-2 on Friday.Tottenham Hotspur were also reportedly at the game to watch the player.Konur says the Premier League side are now closely following the 25 year old’s situation, and they will make a ‘very solid offer’ in the new year to bring him to England.He could be a good addition for Brendan Rodgers as they look to challenge Liverpool for the league title, and could add a different dimension to Leicester City’s game.However, the Turkish side aren’t likely to sell their key player in January, especially considering they too are a title race.Like pretty much everywhere, the media in Turkey can often get carried away with a transfer rumour and push things along further than they actually are. Whilst Leicester interest wouldn’t be surprising, it would be eyebrow-raising if they’ve already decided to make an offer.Muriqi has played 14 games for Fener in all competitions this season and scored 10 goals.last_img read more

NAACP sues for lenders’ practice

first_imgThe civil-rights group cited studies and public statements attributed to government agencies and other groups that assert blacks have been more likely to receive higher-interest loans than other borrowers. The complaint did not include specific examples of borrowers claiming they were the subject of discrimination. One of the studies was issued last year by the Durham, N.C.-based Center for Responsible Lending. It found that blacks were 31percent to 34percent more likely to be sold subprime loans than whites with the same income and credit-risk profile, the lawsuit states. A majority of blacks in Boston who earned annual salaries from $92,000 to $152,000 also received subprime loans in 2005, according to a National Community Reinvestment Coalition study cited in the lawsuit. “These statistical disparities are not mere happenstance, but instead result from a systematic and predatory targeting of African-Americans,” the lawsuit states. Chris Orlando, a spokesman for Ameriquest, a unit of Orange-based ACC Capital Holdings, one of the nation’s largest subprime lenders, said he could not comment on specifics of the lawsuit because the company had not yet seen it. He added, however, that company lending decisions are based “strictly on objective, statistically proven risk factors.” Christina Pretto, a spokeswoman for New York-based Citigroup, said the company is “absolutely committed to fair lending practices and adheres to what we certainly believe are the leading practices in this industry.” Diane Bergan, a spokeswoman for Prospect Heights, Ill.-based HSBC, said the company hadn’t seen the lawsuit and doesn’t comment on litigation. Bergan pointed out that the company conducts reviews of its lending data and is confident that it is treating its customers “fairly and with integrity.”160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! A call to Seattle-based Washington Mutual Inc. was not immediately returned. Subprime loans are often aimed at borrowers considered by lenders to be a higher risk because of spotty credit histories. Borrowers who obtain such loans can end up paying much more interest. Many people who took out adjustable mortgages or home equity loans at subprime interest rates in recent years have been unable to keep up with increasing payments. That has contributed to a spike in defaults and foreclosures in recent months, with dozens of mortgage lenders going out of business or filing for bankruptcy protection. In the lawsuit, the National Association for the Advancement of Colored People contends the lenders have engaged in “institutionalized, systematic racism” and that black homeowners who received subprime loans from the lenders in 2004 were 30percent more likely to get higher interest rates than white borrowers with the same financial qualifications. The NAACP sued a dozen mortgage lenders on Wednesday, claiming the companies discriminated against blacks by steering them into higher- interest, subprime loans while giving more favorable loan terms to white borrowers. The lawsuit, which seeks class-action status, was filed in U.S. District Court in Los Angeles. It demands a court order barring the lenders from discriminating against blacks and compelling them to comply with fair housing and credit laws. Among the defendants named in the suit are Ameriquest Mortgage Co., Citigroup Inc., HSBC Finance Corp. and Washington Mutual Inc. Ameriquest, Citigroup and HSBC defended their lending practices as fair. last_img read more

EAST 56 ROAD WORK TO BEGIN MONDAY

first_imgRoad work to prepare for the Wal-Mart Super Center project is going to get underway this coming Monday on Salem’s Eastside as the City of Salem begins moving Water and Sewer lines out of the INDOT right of way.The pre-Thanksgiving work will be focused on two locations spots – Near Parkview Drive and Jim Day Road, according to Mark Sullivan, Project Manager with Midwestern Engineering, the city’s contracted engineer on the project.Road delays will begin Monday on State Road 56 East with work just west of Jim Day Road.Work on Tuesday will focus on this area across from Florence’s Flowers just west of Parkview Drive. The City of Salem will begin working to move Water and Sewer lines.In Spring 2015, the Indiana Department of Transportation will begin reconstruction of State Road 56 from High Street east of Salem past Heritage Chapel Road.Midwestern Natural Gas has begun work to move natural gas lines along State Road 56.The third area where water and sewer lines will be moved is Anson Street. There will be 10 other locations along the street that is expected to be completed by April 2015.Sullivan said the work on Monday, Nov. 24 will be centered on an area west of Jim Day Road. “Tuesday, they will be working just west of Parkview Drive,” said Sullivan.He said a third area near Anson Street would be postponed and next Wednesday would be left open in case work on the other two areas needed to be completed before Thanksgiving.Sullivan will be providing weekly updates to WSLM RADIO on the project so we can keep you informed on where the work will be focused on each day of the week until this project is completed next spring.“INDOT is the driving factor in doing the project. Their road widening project that will start next spring,” said Sullivan. “Water, sewer, natural gas…any utilities in the way are being moved back out of the way. INDOT has bought a wider right of way. Each utility is doing the contract to move the items…Temple and Temple is being hired by the City of Salem….Salem is paying a percentage…a small percentage…INDOT is paying a larger part of that.”Sullivan said State Road 56 will be open to local traffic until works crosses traffic. “There will be detours for traffic needing to get around the work areas but local traffic could get to and from their destination as long as the road isn’t fully closed.”“At that point where the work goes across the traffic, the road would be closed,” said Sullivan. “If they’re coming from the east and the pipe is between them and the house or business, there will be a point when the road is fully closed. We only anticipate the road being closed for a few hours in each case and work on each section is anticipated to be completed in a day.”Jason Uhl of Temple and Temple is the local construction manager of the project.Harry Maginity spokesperson for the Seymour District of the INDOT told WSLM earlier this week the state’s project would widen State Road 56 from High Street to east of Heritage Chapel Road.The reconstruction project will be open to take bids in December and work to begin in Spring 2015.The Salem portion of this Seymour District pavement project is a complete reconstruction of the highway—including new sidewalks, curb ramps, retaining walls and storm sewer system. The rural Washington County scope of this construction calls for repairing and resurfacing S.R. 56—including shoulder widening, building passing blisters and replacement of a small drainage structure.last_img read more