Israeli hospitality chain Dan Hotels enters Indian market launches The Den in

first_imgIn a bid to enter the lucrative Indian market, Israeli hospitality chain Dan Hotels begins its global journey from Bengaluru. “When we wanted to expand globally, we noticed that Bengaluru, as India’s Silicon Valley, has a lot in common with Israel, known as the Silicon Valley of West Asia. Bengaluru’s booming growth, which is faster than other Indian cities, attracted us to open our first hotel ‘The Den’ outside Israel in Bengaluru,” Dan Hotel’s Chief Executive Ronen Nissenbaum said.Dan Hotel was co-founded by brothers Yekutiel and Shmuel Federmann as a luxury hospitality chain in the year 1947 and has 14 properties across seven cities in Israel. With the launch of its first international property in Bengaluru, Dan becomes the first Israeli hospitality group to own a five-star luxury hotel in the subcontinent.“Our hotel chain is about creating luxury spaces, particularly for millennials. We wanted to see if our 70 years of success in Israel can be replicated in Bengaluru,” Nissenbaum said at the official opening of The Den in the garden city.last_img read more

Personal Income Spending Rise in May

first_img Agents & Brokers Attorneys & Title Companies Bureau of Economic Analysis Bureau of Labor Statistics Confidence Consumer spending GDP Investors Lenders & Servicers Mark Lieberman Personal income Processing Service Providers 2013-06-27 Mark Lieberman June 27, 2013 472 Views With a boost from the calendar, personal income rose 0.5 percent in May–faster than economists had forecast–while personal consumption went up an unsurprising 0.3 percent the “”Bureau of Economic Analysis””: (BEA) reported Thursday. [IMAGE]Data for April was revised to show income grew $18.3 billion instead of the originally reported $5.6 billion decline. Data on spending for April was unchanged.Government transfer payments–primarily Social Security–accounted for $19.2 billion of the $69.4 billion monthly increase in spending. Since June 1 fell on a Saturday, Social Security payments were distributed on Friday, May 31. Social Security payments can fluctuate in months that begin on a weekend, with payments accelerated to the last business day of the previous month.Compensation–including wages and salaries–went up $24 billion in May after a weak $9.1 billion increase in April. Farm income, which had been a drag on personal income in April, dropped again in May, down $6.7 billion as farmers struggle with crop-destroying heavy rains following a crippling drought. The April decline in farm income–revised to $6.7 billion–was the first month-over-month decline in farm income since December, when it fell $1.0 billion. Farm income in May 2012 grew $0.6 billion.Unemployment insurance payments–which were affected by the sequester cuts that took effect at the end of March–were down $23.6 billion from May 2012 to $60 billion.Disposable personal income (essentially after-tax income) rose $57 billion in May month, but with consumer spending up $28.5 billion, personal savings increased to $387.6 billion–or 3.2 percent–of disposable income compared with 3.0 percent in April.Personal consumption fell $49.6 billion in April, which means for the first two months of the quarter, spending–which represents about 70 percent of Gross Domestic Product (GDP)–was down a net $10.6 billion, suggesting a weak GDP report for the second quarter.Personal spending on goods increased $22.3 billion in May after dropping $5.1 billion in April. Spending on services fell $4.3 billion in May after falling the same amount in April.Spending on durable goods–a sign of confidence because they are usually financed with borrowing–rose $14 billion in May after increasing just $2.5 billion in April. Spending on non-durable goods rose $10.2 billion in May after dropping $6.3 billion in April.With interest rates remaining low, personal interest payments on non-real estate related debt fell $0.5 billion in May.The personal consumption expenditure (PCE) price index–the Federal Reserve’s preferred measure of inflation since it measures actual spending, not prices–rose 0.1 percent in May compared with a 0.3 percent decline in April. The year-over-year PCE inflation rate was 1.0 percent in May compared with 0.7 percent in April.The core PCE price index (excluding food and energy) rose 0.1 percent in May after no change in April. The core PCE inflation rate was 1.1 percent in May, unchanged from April._Hear Mark Lieberman next Friday on P.O.T.U.S. Radio, Sirius-XM 124, at 6:20 a.m. Eastern._ Personal Income, Spending Rise in Maycenter_img in Data, Government, Origination, Servicing Sharelast_img read more

Matt Martin Real Estate Management Appoints COO

first_img in Data, Government, Origination, Secondary Market, Servicing Share In the Dallas area, “”Matt Martin Real Estate Management LLC””: (MMREM) welcomed Jo Ann Kruse as COO of MMREM and its subsidiaries.[IMAGE]Kruse brings three decades of experience to her new post, coming to MMREM from her most recent position at the Impac Companies in California, where she served in several senior positions over the past six years. Under her [COLUMN_BREAK]guidance, mortgage production quadrupled to more than $3.6 billion in annual run rate.Prior to that, she held senior and executive risk management positions at Countrywide, Wells Fargo Home Mortgage, and KPMG.Matt Martin, chairman and CEO of MMREM, said Kruse’s experience in managing and growing organizations “”will be invaluable as MMREM continues to expand.””””MMREM has experienced tremendous growth over the last few years, and as we continue to grow in size and business offerings, we need an executive of Jo Ann’s caliber to keep the operations running at optimal levels,”” Martin said.For her part, Kruse said she’s excited to work with MMREM, “”a very dynamic company with a tremendous future.””””I look forward to bringing my experience to this energetic team and managing the operations as MMREM grows to serve the private and public sectors with the industry’s most effective real estate services,”” she said. New,Matt Martin Real Estate Management Appoints COOcenter_img Agents & Brokers Attorneys & Title Companies Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2014-01-08 Tory Barringer January 8, 2014 479 Views last_img read more

Defect Risk Drops—But Not in Hurricanehit States

first_img Share in Daily Dose, Data, Headlines The risk of mortgage application defects has dropped across the nation, but in the states ravaged by hurricanes, it seems that trend has gone out the window. According to the September 2017 Loan Application Defect Index released this morning by First American, defects are on the rise in both Florida and Texas.At the national level, the total frequency of “defects, fraudulence, and misrepresentation in the information submitted in mortgage loan applications is down,” dropping 1.2 percent from August to September. It’s also down 18.6 percent since its high point in October 2013, but up more than 20 percent since September of last year.September marked the second month this year that defects did not rise, according to Mark Fleming, First Am’s Chief Economist.”In July and August, we reported that the Loan Application Defect Index didn’t rise, which was good news given that loan application defect, fraud and misrepresentation risk had risen throughout 2017,” Fleming said. “In September, the overall risk of defects, fraud, and misrepresentation declined for the first time this year, although there are regions with higher defect risk due to recent natural disasters.”In Florida, the risk of defect rose 2.2 percent for the month, and in Texas, it jumped by 1.2 percent over August. Rates of defect had been on the decline prior to Hurricanes Harvey and Irma. According to Fleming, this uptick was to be expected.”Unfortunately, historical data indicates that natural disasters and loan application defect risk go hand-in-hand,” Fleming said. “Our defect, misrepresentation and fraud risk index identified signs of this risk trend in Texas and Florida this month and particularly in Houston, where risk increased the most among all the major markets we track.”Houston, in particular, experienced a big rise in risk, with the frequency of fraud, misrepresentation, and other defects jumping 7.2 percent for the month. This was the largest month-over-month uptick in all the nation’s top 50 markets and is likely due to severe flooding in the area.“Flooding is associated with elevated risk for misrepresentation of collateral risk condition,” First Am reported.See the full Defect Index at October 31, 2017 571 Views center_img Defect Risk Drops—But Not in Hurricane-hit States defect risk Florida HOUSING hurricanes mortgage texas 2017-10-31 Aly J. Yalelast_img read more

You might also be interested in

first_img You might also be interested in Speculation mounts over Dole corporate office move … Total Produce’s 2018 revenues rise 18% on back of … U.S.: Dole inks deal for executive office in uptow … Dole’s third-quarter financial results were hit by challenges in its Fresh Vegetable segment, according to Ireland-based Total Produce.In July this year, Total Produce completed a 45% acquisition of Dole’s issued share capital for US$300 million.In an announcement today, the company said that Dole’s adjusted EBITDA for the quarter was registered at US$45.4 million compared to US$50.1 million last year. It said this reflected a US$7.4 million EBITDA reduction in Fresh Vegetables. “Dole Fresh Vegetables has been affected by an industry-wide safety notice, not directly linked to Dole, and an oversupply resulting in lower pricing,” Total Produce said.”As previously announced, this also reduced Dole’s first-half EBITDA by c.US$30m, prior to the investment by Total Produce.”However, Total Produce said that Dole’s fresh fruit division performed “strongly”.In addition, during the third quarter, Dole sold its corporate headquarters for US$50 million and recognized a net gain of US$7.3 million, which is not included in the above adjusted EBITDA.Local media reported the sale of the 10-acre headquarters in September. The California corporate campus, located in Los Angeles County, was sold to the Conrad N. Hilton Foundation, according to the LA Business Journal. November 19 , 2018 Dole trucks attacked in Honduras as protests build …last_img read more

West London Portobello Road Market Notting Hill

first_imgWest LondonPortobello Road Market, Notting Hill: An unmissable London shopping experience and one of the most famous street markets in the world. It’s easy to spend hours browsing along this mile of shops and stalls selling vintage clothing, rare antiques, gifts, souvenirs, and street food. The market is in full swing on Saturday – arrive by 11:30am to avoid the crowds.Top shops:Saddle up in Wild West style at Jessie Western – a visual feast of cowboy boots, Stetson hats, fringed suede jackets and Navajo turquoise jewellery sourced by its sister owners. Just a few shops down is Alice’s antiques, with rare, out-of-the-ordinary vintage finds.Knightsbridge: This glitzy area of London is synonymous with luxury.Shoe Heaven, HarrodsTop shops:World-famous Harrods is a spectacular emporium of prestigious brands and all things luxury, including its dedicated Shoe Heaven department, and Toy Kingdom for little shoppers.North LondonCamden Market:A series of adjoining markets, you’ll find a maze of stalls and some of the most unusual shops in London here, with punk clothing and tattoo parlours aplenty. Full of atmosphere, the markets are open every day and busiest at the weekends. Browse home decor, boho fashion, crafts and trinkets, jewellery, books and vintage in the original Camden Lock Market. The adjoining Stables Market, a former horse hospital, has 700 stalls selling wares ranging from antiques to alternative fashion.High Street, CamdenTop shops:Clothing clubbers for over 20 years, Cyberdog is a Camden institution. This neon-lit, three-floor wonderland specialises in dancewear and fluorescent futuristic fashion. You can’t miss it – two giant robot statues flank the large doorway. East LondonShoreditch: Now a shopping destination in its own right, Shoreditch is renowned for vintage outlets alongside big brands, designer boutiques, indie labels and eclectic gift shops.Top shops:After browsing indie labels like Wondaland and Knowledge Cotton in Aida, shoppers can get their hair and make-up done at the store’s vintage beauty salon. insider guidelondonshoppingtravel tips Box Park: This ‘pop-up shopping mall’ housed in shipping containers is a mix of contemporary lifestyle stores and cafés.The Gift BoxTop shops:Pärla is a curated selection of beautiful jewellery by various designers, chosen by the store’s owner. Be inspired by quirky, bright home accessories, creative books, artwork and funky stationery at The Gift Box. Brick Lane: This buzzing area has become as famous for its shopping as its curries! Sunday UpMarket in the Old Truman Brewery is a mélange of 140 creative traders, and lauded as one of London’s best markets for new designers.Top shops:Pam Pam caters for ‘girls who aren’t girly girls’, with a room dedicated to women’s trainers. Rough Trade East on Dray Walk is arguably London’s best independent music shop and stages in-store gigs. Just off Brick Lane on Hanbury Street is Blitz, the world’s largest vintage department store, with racks of classic rock tees, Japanese kimonos and pastel denim.Spitalfields: Old Spitalfields Market is a vibrant hub for creative traders. On Saturdays and Sundays it’s packed with stalls, including new designers and mouth-watering street food.Top shops:Inspitalfields is a colourful shop for humorous gifts, cards, and unique homecare, while stylish independent boutique The Mercantile London sells selected pieces from affordable European labels– and even has a cute shop dog called Robert!Columbia Road Market: A short walk from Spitalfields, Columbia Road becomes an oasis of foliage and flowers every Sunday, and has 60 independent shops – from art galleries to garden shops – as well as pubs, delis and cafés to refuel in.Columbia RoadHackney Walk: A large new discount fashion district featuring savings of up to 70 per cent on brands including Burberry, Nike, and cult shoe brand, UGG.Oxford Street – Light Up Christmas for Children Campaign/ Pre-Christmas London is charming. The streets, the lights, the bustle, and the shopping – nothing like escaping a chilly London street in December for the warmth inside a shop … and another shop … and another shop.Visit Britain has produced an Insider Guide to London Shopping, just in time for pre-Christmas visitors to the city.Central LondonOxford Street: This iconic retail hub is home to more than 300 shops and flagship stores.Oxford Street – Light Up Christmas for Children Campaign/ shops:Beloved British department store John Lewis, legendary Selfridges near Marble Arch, and the huge flagship Primark store near Tottenham Court Road is heaven for bargain hunters. Trend-conscious shoppers flock to the colossal Topshop/Topman Oxford Circus, famous for its extensive collections of up-to-the-minute fashion.Regent Street: Arching from Oxford Circus to Piccadilly Circus, this elegant street is home to some of London’s oldest, most famous shops.Top shops:Luxury British heritage brand Burberry’s four-floor flagship store is visually stunning. Britain’s most famous toy shop, Hamleys, has been trading for more than 250 years and sells every toy or game imaginable over its six floors. Founded in 1875, one-of-a-kind artsy department store Liberty, just behind Regent Street, is famous for its floral prints and large selection of pieces by young British designers.Iconic LibertyCarnaby Street:Step under the iconic arched Carnaby Street sign to this funky area between Regent Street and Oxford Street with over 100 shops – a mix of boutiques, shoe and denim brands and heritage brands like Dr Martens.Carnaby Street, LondonTop shops:Get expert make-up advice or a makeover at the Benefit Store. Check out distinctive ‘Rock & Roll Couture’ jewellery at The Great Frog, where every piece is hand crafted on site and niche clientele since 1972 include actor Johnny Depp, rock legends Metallica and supermodel Kate Moss.Covent Garden: One of London’s prettiest, most diverse shopping areas. Check out arts and crafts at Covent Garden Market and King Street for classy brands like Sandro and Jo Malone London. Deviate from the mainstream in bohemian Neal’s Yard, a brightly painted courtyard lined with vegan cafés and home to ethical beauty brand Neal’s Yard Remedies for the last 30 years. Seven Dials is a network of seven atmospheric streets lined with international fashion brands stores, boutiques and beauty salons.Neal’s Yard, Covent GardenTop shops:In Seven Dials, Beadworks Bead Shop has a huge range of unique beads from all over the world. Check out British jewellery brand Tatty Devine’s playful, kitsch acrylic statement pieces – in the Seven Dials store you can design your own personalised Name necklace and have it made on the spot!last_img read more

DriveAway has announced the asset purchase of one

first_imgDriveAway has announced the asset purchase of one of its competitors, GlobalCARS, with the acquisition closing on Wednesday night and operations and team transferred to DriveAway’s head office in North Sydney.“DriveAway’s acquisition provides a niche opportunity to further improve the company’s position as the leading self-drive operator in Australia and New Zealand,” said DriveAway managing director, Chris Hamill. “We continue to look for competitive advantages and opportunities and I am delighted with the purchase and the opportunity for our business.”Founded in 1999, GlobalCARS provides car and motorhome hire, European Car Leasing and accommodation options to the independent traveller heading overseas. car leasingdriveDriveAwayGlobalCarsself-drivelast_img


first_img Comments   Share   Nevada officials reach out to D-backs on potential relocation What an MLB source said about the D-backs’ trade haul for Greinke Top Stories D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ It’s been a full week since Indianapolis Colts owner JimIrsay and Peyton Manning held their emotional pressconference announcing that the future Hall of Famer wasdone in Indy.Since then, Manning has embarked on a whirlwind tour ofvisits that’s taken him from Miami to Denver to Phoenix toIndianapolis to Raleigh-Durham, where he’s set to meetwith the Tennessee Titans. And in that week, the group of the likeliest cities forManning to call home has changed a little bit, at leastaccording to ESPN’s Adam Schefter. Cardinals expect improving Murphy to contribute right awaylast_img read more

Nevada officials reach out to Dbacks on potential

first_img Nevada officials reach out to D-backs on potential relocation “That’s the kind of person he was, and that’s the way heplayed the game. He loved the game and he competed everytime he stepped between those white lines. I relished theopportunity to compete against him because I knew what I wasgoing to get, I knew who I was playing against every time.” Top Stories Cardinals expect improving Murphy to contribute right away Wednesday was a sad day for all in the National FootballLeague as news spread that 12-time Pro Bowl linebackerJunior Seau passed away at the age of 43, the victim of anapparent suicide.Former Cardinals quarterback Kurt Warner joined ArizonaSports 620’s Burns & Gambo Wednesday, and remembered hisfellow All-Pro.“He was a special player and individual. I got a chance toknow him over the course of my career, and he was one of myfavorite guys,” Warner said. “So many times, I rememberseeing him at the Pro Bowl and he was one of those guys whowas always playing with his kids, was always interacting,was always happy to engage with the fans.center_img D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ What an MLB source said about the D-backs’ trade haul for Greinke Comments   Share   last_img read more

The Cardinals finished the season ranked 12th in t

first_imgThe Cardinals finished the season ranked 12th in the NFL in total offense, with their 23.7 points per game placing them 16th. They scored at least 20 points in seven of their last eight games, and tallied 27 or more in six of their last nine.As to the quarterback specifically, Palmer completed 65 percent of his passes for 2,361 yards and 14 touchdowns with just eight interceptions over the second half of the season, posting a QB rating of 95.3 over that stretch. Was it simply a matter of him getting comfortable? That’s what the coaches seem to think, so assuming Palmer plays at least to the level he did last season and can remain healthy, the Cardinals may not need to find a new signal caller for a couple more seasons after this one. In fact, the coach believes Palmer has plenty of football left in him.“He’s in great condition, he’s always in great condition,” Arians said from the NFL Scouting Combine in Indianapolis Friday. “So I would think he could be playing up to 36, 37 easily.”Palmer is still under contract with the Cardinals, and as of now there does not seem to be an heir apparent on the roster. Of course, that could change in May’s draft — where the Cardinals select 20th in the first round — but from the way it sounds, Arians and the team don’t view quarterback as a big-time need. And with how the offense fared last season, especially in the season’s second half, the coach has reason to believe big changes are not needed. “I thought the last eight games we were real close,” Arians said of the offense being where he wanted it to be. “We were running the football much better, and it helped our offensive line so much. Our receivers and quarterbacks got on the same page. Third-down efficiency improved, red zone started to improve.“So we were playing the way we want to play the second half of the season. I was extremely pleased with where we were offensively.” The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Carson Palmer is a 34-year-old quarterback coming off a season in which he threw for 4,274 yards and 24 touchdowns. He was also intercepted 22 times and fumbled six times, but for the most part, he was a solid quarterback who gave the Arizona Cardinals a chance to win each week. And win they did, finishing the season with a 10-6 record.Though Palmer is a veteran who just finished his 10th NFL season, Cardinals coach Bruce Arians sees no reason to think the former number one pick is nearing the end of his career. Comments   Share   Top Stories Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and sellinglast_img read more