Tuesday, January 15, 2013

Regional News Stories: First Energy Buys Naming Rights to Browns Stadium (Tuesday, January 15)

Posted: Tuesday, January 15, 2013

Pending city approval, Northeast Ohio football fans will no longer be marching into Cleveland Browns Stadium to cheer on their team. The Browns announced Tuesday that they have sold naming rights for the facility to Akron-based First Energy Corporation. ideastream's David C. Barnett has details on the newly christened ball field.

An afternoon news conference kicked off with a short film brimming with nostalgia for the long history of the Cleveland Brown?s franchise.? Then, First Energy CEO Tony Alexander announced the new name.

ALEXANDER: This outstanding facility will be known as the First Energy Stadium - Home of the Cleveland Browns

To be technical, the phrase ?Home of the Cleveland Browns?, doesn?t appear in any of the promotional material handed out at the event. The name change follows a familiar pattern across the country.? Many other professional sports teams have sold stadium naming rights to local corporate sponsors.? The Cincinnati Reds play at a field named after Great American Insurance Group, and Progressive Insurance paid for its name to be put on the Cleveland Indians ballpark.

Browns owner Jimmy Haslam says First Energy put in their bid to name the stadium late last summer and a deal was worked out by year?s end.? But, in an informal talk with reporters after the naming announcement, Haslam declined to reveal any financial details of the deal.? He said only that it was a ?long-term? agreement.

HASLAM:? You know, that was First Energy?s request and we?re certainly going to honor what they wanted.? They?ve been great partners and great people to work with.?

Other teams have been less reticent about detailing naming rights agreements.? The Detroit Lions sold theirs to Ford Motor Company for 40 million dollars for 20 years, and the Pittsburgh Steelers? stadium became Heinz Field for 20 years, at a cost of 57 million.?

When asked if First Energy customers might react negatively to the company investing a large sum of money into stadium naming rights, First Energy?s Alexander said he thought putting the company?s name into a national spotlight was a good move.?

But, the deal isn?t quite done yet --- the new name has to win the approval of Cleveland City Council.?

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Source: http://www.ideastream.org/news/feature/51424

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German FinMin tells Greek leftist no alternative to reforms

When West Virginia Sen. Jay Rockefeller formally announced his decision to quit the Senate on Friday, he opened the next chapter in one of the few true historic shifts taking place in American politics. Even before his announcement, Republicans were eyeing his seat as a prime pickup opportunity, a reflection of the ascendance of the Republican Party in Appalachia, a shift in which working-class white voters who have reliably cast ballots for Democratic politicians for the better part of a century are moving inexorably, and perhaps permanently, toward the Republican Party.

Source: http://news.yahoo.com/german-finmin-tells-greek-leftist-no-alternative-reforms-120404301--business.html

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Paging Dr. Google: More Americans Self-Diagnosing Online

Paging Dr. Google: More Americans Self-Diagnosing Online

Posted by George Prentice on Tue, Jan 15, 2013 at 9:37 AM

Maybe it's because of the high cost of health care. Possibly it's due to more Americans having greater access to the Internet. But a new survey by the Pew Research Center reveals that as many as 35 percent of U.S. adults say they self-diagnose via information they have obtained online.

The survey results, published this morning, indicate that up to one-third of those surveyed who have self-diagnosed "end up handling their medical problem on their own."

But health care providers caution that individuals with a serious condition could go undetected or untreated. Secondly, they point to instances where individuals may have a more serious condition than they have self-diagnosed.

The survey shows most people, 77 percent, still start online medical searches with a search engine, such as Google or Bing, rather than a specific health site (13 percent) or social networks such as Facebook (1 percent).

The quality of information that people find through search engines can vary a lot and "there are risks," including finding inaccurate or scary information, or missing the best sources, said Rahul Parikh, a pediatrician in Walnut Creek, Calif. But, he added, "I would encourage people to search more, rather than less," and to keep talking to their doctors about what they find.

Tags: Online Diagnosis

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Florida agrees to provide inmates with kosher food

Sorry, Readability was unable to parse this page for content.

Source: http://feedproxy.google.com/~r/jta/north-america/~3/8BrGjypzwvw/florida-agrees-to-provie-inmates-with-kosher-food

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NY seals 1st state gun laws since Newtown massacre

New York Gov. Andrew Cuomo, center, speaks during a news conference announcing an agreement with legislative leaders on New York's Secure Ammunition and Firearms Enforcement Act in the Red Room at the Capitol on Monday, Jan. 14, 2013, in Albany, N.Y. Also pictured are Secretary to the Governor Larry Schwartz, left, and Lt. Gov. Robert Duffy. (AP Photo/Mike Groll)

New York Gov. Andrew Cuomo, center, speaks during a news conference announcing an agreement with legislative leaders on New York's Secure Ammunition and Firearms Enforcement Act in the Red Room at the Capitol on Monday, Jan. 14, 2013, in Albany, N.Y. Also pictured are Secretary to the Governor Larry Schwartz, left, and Lt. Gov. Robert Duffy. (AP Photo/Mike Groll)

Assembly Speaker Sheldon Silver, D-Manhattan, presides over session in the Assembly Chamber at the Capitol on Monday, Jan. 14, 2013, in Albany, N.Y. People familiar with the internal negotiations say New York Gov. Andrew Cuomo and legislative leaders have a tentative deal to enact the nation's first gun control measure following the Newtown, Conn., school shooting. (AP Photo/Mike Groll)

Deputy Senate Majority Leader Thomas Libous, R-Binghamton, talks to reporters on the Senate floor before session on Monday, Jan. 14, 2013, in Albany, N.Y. People familiar with the internal negotiations say New York Gov. Andrew Cuomo and legislative leaders have a tentative deal to enact the nation's first gun control measure following the Newtown, Conn., school shooting. (AP Photo/Mike Groll)

New York Gov. Andrew Cuomo arrives to a news conference announcing an agreement with legislative leaders on New York's Secure Ammunition and Firearms Enforcement Act in the Red Room at the Capitol on Monday, Jan. 14, 2013, in Albany, N.Y. (AP Photo/Mike Groll)

New York Gov. Andrew Cuomo speaks during a news conference announcing an agreement with legislative leaders New York's Secure Ammunition and Firearms Enforcement Act in the Red Room at the Capitol on Monday, Jan. 14, 2013, in Albany, N.Y. (AP Photo/Mike Groll)

ALBANY, N.Y. (AP) ? New York lawmakers have agreed on the first and toughest gun control laws in the nation.

The landmark legislation is a crackdown on assault weapons and high-capacity ammunition magazines and includes measures to keep the mentally ill from guns. The bipartisan effort was fueled by the Newton, Conn., tragedy that took the lives of 20 first graders and six educators.

Bronx Democrat Sen. Jeffrey Klein says "This is not about taking anyone's rights away. It's about a safe society."

Gov. Andrew Cuomo made gun control a centerpiece to his progressive agenda in his State of the State address last week.

The measure passed the state Senate 43-18 late Monday and the Assembly plans to take the issue up on Tuesday. It is expected to pass easily.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-01-15-US-Gun-Control-NY/id-72405e79e31c4c31b13cf5c4ab363cbe

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Friday, January 4, 2013

CIT Agrees to Acquire Commercial Loan Portfolio from Flagstar Bank

CIT Agrees to Acquire Commercial Loan Portfolio from Flagstar Bank

NEW YORK?(BUSINESS WIRE)??CIT Group Inc. (NYS:?CIT)?cit.com, a leading provider of financing and advisory services to small businesses and middle market companies, today announced that it has agreed to acquire a commercial loan portfolio from Flagstar Bank (FSB), a wholly-owned subsidiary of Flagstar Bancorp, Inc. (NYS:FBC) .

Under the terms of the agreement,?CIT Bank, the U.S. commercial bank subsidiary of CIT, will acquire approximately $1.3 billion in commercial loan commitments, of which approximately $800 million is currently outstanding. The assets represent a substantial portion of FSB?s Northeast-based commercial loan portfolio, which consists primarily of asset-based, commercial real estate, and equipment finance loans and leases. The purchase is expected to be substantially completed during the first quarter of 2013.

?

?We are pleased to be able to acquire a pool of commercial loans that complements our existing corporate finance portfolio and will further expand our middle market customer base,? said?Nelson J. Chai, President of CIT. ?We will continue to look for opportunities to deploy our capital in transactions that generate good returns.?

Editor?s Note:

Follow us on Twitter:?@citgroup, on LinkedIn:?LinkedIn.com/company/cit, on YouTube:?YouTube.com/citgroupvideo, and on Facebook:?facebook.com/citgroup. Individuals interested in receiving corporate news releases can register atcit.com/newsalerts?or subscribe to the RSS feed at?cit.com/rss.

About Flagstar

Flagstar Bancorp, Inc. is the holding company for Flagstar Bank, a full-service financial institution offering a range of products and services to consumers, businesses, and homeowners. With $14.9 billion in total assets at September 30, 2012, Flagstar is the largest publicly held savings bank headquartered in the Midwest. As of September 30, 2012, Flagstar operated 111 branches in Michigan, 31 home loan centers in 14 states, and a total of four commercial banking offices in Massachusetts, Connecticut, and Rhode Island. Flagstar originates loans nationwide and is one of the leading originators of residential first mortgage loans. For more information, please visitflagstar.com

About CIT Bank

Founded in 2000, CIT Bank (Member FDIC) is a wholly-owned subsidiary of CIT Group Inc.? (NYS:?CIT) . It is regulated by the Federal Deposit Insurance Corporation and the Utah Department of Financial Institutions. As of September 30, 2012, CIT Bank had $8.6 billion of deposits and $11.6 billion of assets. CIT Bank makes loans without regard to race, color, religion, national origin, sex, handicap or familial status.BankOnCIT.com

About CIT

Founded in 1908, CIT (NYS:?CIT) is a bank holding company with more than $33 billion in financing and leasing assets. A member of the Fortune 500, it provides financing and leasing capital as well as advisory services to its small business and middle market clients and their customers across more than 30 industries. CIT maintains leadership positions in?small business?and?middle market lending,?factoring,retail finance,?aerospace,?equipment?and?rail leasing, and?global vendor finance. CIT also operates CIT Bank (Member FDIC),?BankOnCIT.com, its primary bank subsidiary, which offers a suite of savings options designed to help customers achieve a range of financial goals.?cit.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable federal securities laws that are based upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. The words ?expect,? ?anticipate,? ?estimate,? ?forecast,? ?initiative,? ?objective,? ?plan,? ?goal,? ?project,? ?outlook,? ?priorities,? ?target,? ?intend,? ?evaluate,? ?pursue,? ?commence,? ?seek,? ?may,? ?would,? ?could,? ?should,? ?believe,? ?potential,? ?continue,? or the negative of any of those words or similar expressions is intended to identify forward-looking statements. All statements contained in this press release, other than statements of historical fact, including without limitation, statements about our plans, strategies, prospects and expectations regarding future events and our financial performance, are forward-looking statements that involve certain risks and uncertainties. While these statements represent our current judgment on what the future may hold, and we believe these judgments are reasonable, these statements are not guarantees of any events or financial results, and our actual results may differ materially. Important factors that could cause our actual results to be materially different from our expectations include, among others, the risk that CIT is unsuccessful in refining and implementing its strategy and business plan, the risk that CIT is unable to quickly react to and address key business and regulatory issues, the risk that CIT is delayed in transitioning certain business platforms to CIT Bank and may not succeed in developing a stable, long-term source of funding, and the risk that CIT continues to be subject to liquidity constraints and higher funding costs. We describe these and other risks that could affect our actual results in Item 1A, ?Risk Factors?, of our Annual Report on Form 10-K for the year ended December 31, 2011 and our Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 filed with the Securities and Exchange Commission. Accordingly, you should not place undue reliance on the forward-looking statements contained in this press release. These forward-looking statements speak only as of the date on which the statements were made. CIT undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except where expressly required by law.

SOURCE:?http://www.dailyfinance.com/2013/01/02/cit-agrees-to-acquire-commercial-loan-portfolio-fr/

Source: http://www.worldleasingnews.com/news/cit-agrees-to-acquire-commercial-loan-portfolio-from-flagstar-bank/

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