NorthStar Realty Finance Declares Second Quarter Common Stock Dividend

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Provincetown’s finance director to take complaint to state

I had to watch three people who dont even live here trash the town manager and the police, he said last week. I dont want anything other than the harassment to stop. The Provincetown Charter states that the charter enforcement commission may only take action following a written petition, filed by a voter or voters alleging a violation of this charter by reason of an act, or a failure to act of the town manager, the acting town manager, the moderator, the board of selectmen, the school committee, or the finance committee, or members of those committees, Hoort quoted in his email. Upon discovering that a grievance cannot be filed against the towns personnel board and its chair, Tina Trudel, at the local level, Dan Hoort, the towns director of municipal finance, said by email Thursday that he intends to file his first complaint with the state Ethics Commission. Unfortunately because the Provincetown Charter does not provide for [enforcement] by the charter enforcement commission in regard to any other town committee or board except those listed I will file my complaint at the state level instead [of] the local level, he wrote. Hoort has complained of a hostile work environment, citing a July 22 personnel board meeting at which three summer residents, actress Gail Strickland, Judge Maria Lopez and her husband, newspaper publisher Stephen Mindich, said during a public comment period that they were distressed about the police department and the way it is being overseen by Town Manager Sharon Lynn.

Siemens appoints finance chief Kaeser as CEO

“However, we’ve been too preoccupied with ourselves lately and have lost some of our profit momentum vis-a-vis our competitors.” He pledged “to put Siemens back on an even keel and create a high-performance team” and said that, by this fall, Siemens will “address the medium-term prospects and our vision for the company.” Siemens said shortly after announcing the leadership change that its net profit rose 43 percent in the April-June period, its fiscal third quarter, after it spun off its lossmaking light bulb business. Net earnings were up to 1.1 billion euros ($1.46 billion) from 770 million euros a year earlier, when light-bulb business Osram cost Siemens 354 million euros. However, other measures of profit sagged as the company took charges totaling 436 million euros for a restructuring program aimed at restoring its profit levels and a 91 million euros charge related to inspecting and refitting wind turbine blades. Siemens’ profit margin fell to 6.5 percent from 9.2 percent a year earlier, while revenues slipped 2 percent to 19.25 billion euros.

Finance moots 49% multi-brand retail FDI by automatic route

Last September, the government permitted foreign supermarkets in India by allowing up to 51 per cent FDI, subject to government approval. The cabinet is set to review FDI norms in multi-brand retail on Thursday. On July 24, commenting on the cabinet note moved by the Department of Industrial Policy & Promotion (DIPP), the finance ministry proposed that FDI up to 49 per cent is allowed on automatic route. The DIPP has declined to tweak the cabinet proposal saying this was not on the agenda of the July 16 meeting chaired by the Prime Minister, at which fresh FDI limits were decided. It was also not part of the suggestions put forward by the Arvind Mayaram committee.


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