Virgin Money Postpones IPO, Latest to Cite Market Conditions

Posted by | Filed under Money | Oct 25, 2014 | Tags: | No Comments

LONDON – More bad news for European initial public offerings.

Virgin Money, the British financial services company partly owned by the billionaire Richard Branson, became the third issuer to delay its listing in the last week amid concerns over volatile market conditions.

The lender had hoped to list its shares in London this month, but said on Friday that it was “mindful of market conditions.” It now expects its IPO. to occur later than October.

“Virgin Money continues to perform strongly and we remain focused on delivering a successful initial public offering as soon as market conditions allow,” Jayne-Anne Gadhia, the Virgin Money chief...

Health Minister considers laws to cover genome sequencing

Posted by | Filed under Income Protection | Oct 25, 2014 | Tags: | No Comments

MATT WORDSWORTH: Imagine theres a simple test that takes minutes and could largely foretell your medical future. Would you want to know? And what would be the implications of that knowledge? With genetic testing and complete genome sequencing becoming more accessible and affordable Scientists and politicians alike are struggling with those questions. In Queensland the Health Ministers personal decision has resulted in his promise to try to protect those undergoing genetic testing from discrimination by Insurance companies and employers. Elise Worthington and Eric Tlozek compiled this report on the benefits and dangers of medicines new crystal ball.

ERIC TLOZEK: Life is full of possibilities...

South Hillsboro transportation faces financing gap; Hillsboro Aviation to …

Posted by | Filed under Financing | Oct 25, 2014 | Tags: | No Comments

Happy weekend, Hillsboro. Heres the news from last week that you may have missed:

Hillsboro, other cities to hold open houses about Willamette Water Supply project

Local water officials have announced a series of October and November open houses in Wilsonville, Beaverton, Aloha, Sherwood and Hillsboro, where the public can learn more about the Willamette Water Supply Program.

The project a joint effort between the city of Hillsboro and the Tualatin Valley Water District seeks to develop the mid-Willamette River at Wilsonville as an additional water supply source in anticipation of population growth. Officials estimate that water needs in Washington County will double...

65 Deaths In 1 Year Make Jobs In Transport & Storage Sector Most Dangerous …

Posted by | Filed under Income Protection | Oct 24, 2014 | Tags: | No Comments

In second place is the agriculture, forestry and fishing sector with 53 deaths and 3,815 serious injury claims, while in third place is the construction sector with 30 deaths and 12,485 injuries.

Other jobs high on the list are in retail, followed by professional, scientific and technical services which include engineers, analysts, lawyers, accountants and web developers.

Hutchison said that part of planning for the unexpected it to have an emergency fund of savings or to compare life insurance and income protection policies. These contingency measures make a big difference in the quality of life of a worker or his family if something bad happens to the employee while on the job.


ABI proposes income protection workplace reforms

Posted by | Filed under Income Protection | Oct 24, 2014 | Tags: | No Comments

A report published this week by the Association of British Insurers has proposed two possible models for reforms to build the role of income protection into the workplace in a similar fashion to auto-enrolment for pensions, ensuring people have protection following welfare cuts.

The ABI commissioned the Centre for Economic and Social Inclusion to carry out research on income safety nets for working households in the UK if one person could no longer work.

One proposed model is a lsquo;time-based collective insurance scheme that would require all employers to put in place insurance that provides full income replacement for all employees up to one year of serious illness or injury....

Research and Markets: Group Risk Insurance in the UK – Key Trends and …

Posted by | Filed under Income Protection | Oct 24, 2014 | Tags: | Comments Off

DUBLIN–(BUSINESS WIRE)–Research and Markets (
has announced the addition of the Group
Risk Insurance in the UK, Key Trends and Opportunities to 2018
report to their offering.

New business premiums in the group risk insurance category grew by 35.8%
in 2012, but fell by 2.9% in 2013. This was a result of a sharp rise in
new business at Friends Life in 2012 following its consolidation of
Bupas protection business and Axas UK life business, and a subsequent
decline in group protection sales reported by the insurer...

Drones could mean money for Va. Shore

Posted by | Filed under Money | Oct 24, 2014 | Tags: | Comments Off

From left, Malcome Allen, a University of Maryland Eastern Shore senior majoring in aviation, and Abbas Diab, a senior majoring in engineering, are working with a 3D robotics x8 multicopter.
Submitted image by Jim Glovier, UMES

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Here’s How to Save Hundreds on Groceries

Posted by | Filed under Money | Oct 24, 2014 | Tags: | Comments Off

MONEY consulted supermarket-savings experts for strategies that would help you trim the fat, without giving up the foods you love. Employing just a few of these 29 tricksbecause lets face it, you hardly have time to cook let alone turn shopping into a projectcan take your bills down by 25%.

In other words, you could realize between $1,700 and $3,900 in annual savings.

Now thats pretty delicious.

Plan Ahead

1. Do an inventory. Take stock of your pantry and freezer once a month to get a sense of what items you need and what you can skip buying, says Annette Economides, co-author of Cut Your Grocery Bill in Half with Americas Cheapest Family. Her husband and co-author...

Bethlehem council backs financing deal

Posted by | Filed under Financing | Oct 23, 2014 | Tags: | Comments Off

Bethlehem City Council on Tuesday backed Mayor Robert Donchez financing proposal that is aimed to shave $3.4 million from a $5.9 million deficit project for next year.

The deal involves refinancing two bonds, a 10-year-old pension bond and portions of the non-utility bond. The third part of the deal would include a new borrowing to cover $27.9 million in pension costs over the next decade for non-uniformed employees and spread the cost evenly across 20 years.

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Austin payments processor Rêv Worldwide brings in $5.2M financing

Posted by | Filed under Financing | Oct 23, 2014 | Tags: | Comments Off

Payments processor Rêv Worldwide Inc. reported raising $5.2 million of a planned $5.4 million financing.

The Austin-based company collected the capital from 12 investors, according to a Friday filing with the USSecurities and Exchange Commission. The money will be used for general corporate purposes, President Bertrand Sosa said.

Rêv Worldwide, founded in 2008 by NetSpend Corp. (Nasdaq: NTSP), develops prepaid card and mobile payments programs. The company, which employs 100 workers, operates in North America, Latin America, Europe and Asia-Pacific, and is affiliated with MPower Ventures LP.

It has been raising funding on a regular basis during the past two years.


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