Security with a Captive Lessor
(If you are a family person, you want to work here.)
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3 Regional Sales Opportunities
NY/NJ; Dallas & Atlanta/Nashville
Manage existing accounts and develop relationships. Min. Req. 3 years equip. leasing sales or strong leasing operations experience. For more information, click here:
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The position pays base plus commission with a total compensation at target of high five to low six figures, with no cap if target is exceeded. This position requires 40%+ travel within the region and reports directly to the National Sales Manager.
Friday, September 29, 2006
Headlines---
Correction: Explorer 7 Version
Classified Ads---Sales
Captive Lessors-Up-dated
Leasing Institute of America Sold
Leasing Schools/Franchisors
Evergreen Clauses
by Archie Julian, Dumac Leasing
Placard-Stress in your life
Classified Ads---Help Wanted
Help Want Ads-support Leasing News
OneWorld Leasing Law Firm/Address
GATX to Sell Aircraft Leasing Biz
Pretrial Victory for Cobra Capital
News Briefs---
You May have Missed---
Sports Briefs---
"Gimme that Wine"
Calendar Events
Snapple Real Facts
Today's Top Event in History
This Day in American History
Baseball Poem
######## surrounding the article denotes it is a "press release"
Not too late to register to attend the Fall Conference-don't miss out
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Correction: Explorer 7 Version
In recommending this great "free" up-grade, I did not mention how to download. Many readers asked how to do it.
First, if you have Microsoft Service Pack 2, you should have your computer set on "automatic download." If you do not, they you should do it "manually," as there may be conflicts and inabilities to download some of the newest up-grades. The patches can be downloaded manually, and you should keep your workstation up to date. If you are lucky enough to have an IT, they most likely do this automatically without your knowledge.
You also can sign up for download notifications. To tell you the truth, I don't, as I am tired of being interrupted by all these software companies. I do it manually. I want to know more before "automatically" doing something, except for Microsoft that I trust in the downloads of updates to their operating system.
The Explorer 7 and other such programs are not offered in an automatic download or search. They are extra, such as Defender or an up-grade to Media 11 beta. The same with Explorer. You must do this yourself (again, unless you have an IT who does this for you---ask. Some are "beta" program and IT's are not in favor of them, wanting only tested and fully released programs---I personally think all programs are in "beta" as they seem to always find conflicts and problems. Don't download any hardware up-grade---always go to the original manufacturer-that's a tip I learned the hard way. editor)
Go to Microsoft.com. On the left toolbar, click on "downloads."
A list of "popular downloads" will appear. Follow the directions.
Again, the download is long and the installation much longer---
but well worth it.
Kit Menkin
[headlines]
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Classified Ads---Sales
Okanogan Estate & Vineyards, Oroville, Washington *
These help-wanted ads are free. We also recommend to both those seeking a position and those searching for a new hire to also go to other e-mail posting sites:
http://216.66.242.252/AL/LeasingNews/Classified.htm
In addition, those seeking employment should go to the human resource departments on company web sites for funders, captive lessors, and perhaps "broker-lessors."
To place a free "job wanted" ad here, please go to:
http://216.66.242.252/AL/LeasingNews/PostingForm.asp
Sales: Bakersfield, CA
I have an extensive sales and management background in equipment leasing. My work history exhibits my major strength in small ticket equipment leasing.
Email: pangress@msn.com |
Sales: Boston, MA
Middle market originator, construction/Trucks /
Trailers w/ 8 years in territory, looking for company / bank with competitive products
Email: mrichlease@comcast.net |
|
Sales: Cedar Rapids, IA
Formally trained in Credit, Collections, & Sales with regional bank. Seeking sales or sales management.
Over ten years |
in SM, vendor and end user.
Email: mjrprime@yahoo.com |
Sales: Compenhagen, Denmark
10 years of experience as VP Europe, Middle East and Africa for a US based Equipment Leasing Company. $500,000 plus w/ excellent connections European shipping lines/ maritime financing. Click here . |
Sales: Dallas, TX
17 years of experience in vendor sales. Solid book of business. Can hit the sales ground running in Dallas/Ft. Worth. Can Start ASAP
E-mail: whomadewho12@yahoo.com |
Sales: Denver CO
Experienced Equipment Leasing Broker looking for a in house leasing company. Can bring a book of business with me or develop new territory where needed.
Email: Steven@eagle2.net |
Sales: Detroit MI
Motivated self-starter w/5 yrs sales exp. IT leasing. Excellent communicator w/strong negotiation/biz dev. skills. Six-sigma certified w/ Fortune 50 company/book of business.
Email: playmakers1@sbcglobal.net |
Sales: East Central F L
20+ years experience in all areas of leasing; sales, credit, operations, syndication. Currently independent seeking position with direct middle market lender in regional capacity
email: southernleasing@bellsouth.net |
Sales: Fresno CA
Account Exec/Manager. 7+ years Leasing Sales: underwriting/contract, complex transactions, hi-tech, government, direct & vendor leasing. Captive & syndicator environments. Expert deal closer. Will send resume.
Email: dsp559@pacbell.net
Resume |
Sales: Greensboro, NC
Seeking direct & broker sales w/major finance companies in NC or southeast market. Small to mid-ticket range. Stable &family oriented. Will have series 6,63,65 license shortly.
Email: kc1492@aol.com |
Sales: Kansas City, MO
20 years Senior Sales/Management experience in small ticket/government leasing. Program Management experience, managing 12
Reps. Credit Auth to $50K. Success in soliciting and maintaining accounts.
Email: dhundley1@kc.rr.com |
Sales: Los Angeles CA
5 years experience structuring off-balance sheet finance solutions on computer and medical equipment. Perform detailed competitive analysis and market research. I uncover leads and sell.
email: barretthawk@hotmail.com |
Sales: Midsouth, TX
Lease Veteran-25+ years, heavy Vendor experience looking for new
opportunity in MidSouth/SE. Experience in leasing to major accounts in
high- tech/computers/Golf/transportation.
Email: LeaseVeteran@sbcglobal.net |
Sales: Mission Viejo, CA
Account Sales Executive with 10 years of leasing experience looking for company to bring existing customer base.
Email: makelly21@hotmail.com |
Sales: Montgomery, AL
Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama.
Work with leasing company or broker.
334-281-5200
E-mail: billmcneal2003@yahoo.com |
Sales: Nashua, NH
10+ years sales experience small & mid-ticket hi-tech & telecom in a captive and vendor environment. Seeking new sales opportunity in New England.
E-mail: RPepa@aol.com |
Sales: Newport Beach, CA
Direct sales rep. in the middle market w/22 years experience various types of equipment. Leasing/ financing from medical equip. to
mfg. equip.. Strong closer.
E-mail: pauldriscoll1@lycos.com |
Sales: North Carolina, Central
7 yrs.equip leasing &finance; specialist in heavy construction equip for 2-top-5-specialty finance/lease companies, NC &VA territories. $10-15MM annual funding. Downsized in 2002, now independent broker with varied customer base.
Email: sunriseleasing@aol.com |
Sales: Philadelphia, PA
Seeking an open opportunity to advance in the automotive, commercial leasing & finance industry.........
Email: alexe362002@yahoo.com |
Sales: Philadelphia, PA
25 years in Healthcare and seeking an opportunity to represent a lender for dental/medical funding in the Northeast to
Mid-Atlantic states.
email: mitutz@msn.com |
Sales: Portland, OR.
"Exp. In direct sales and sales mgmt.
I love Portland, but decent here jobs are few. Willing to be re-located, would like to work for you.
Email: pthygeson@netscape.net " |
Sales : Prairie Village, KS
Have substantial deal flow and database of broker referral sources. Generated and closed over $22M LY. Seeking exclusive relationship w/direct founder.
Email: fiergl@aol.com |
Sales: Saint Louis, MO
25+ years in sales + sale management. Top producer. Will relocate for right opportunity.
email: wwa2@htc.net |
Sales: San Francisco Bay Area, CA
10+ yrs in middle market leasing. Seek direct lessor only. Transaction size from $500M to $10.0MM. Client base: printing, food, retail, manufacturing.
Email: edm173@sbcglobal.net |
Sales: San Francisco Bay Area, CA
Currently employed Vendor Program "Hunter", with complex program development experience. Also skilled at program management. Technology to yellow iron assets.
Extensive national rolodex.
Email: VdrPgmBizDev@aol.com |
Sales: San Francisco Bay Area, CA
15+ yrs--mid mkt. $500M to $10.0MM. Seeking role w/ captive or global leasing firm. large book to bring with me! Debt, tax, 1st amendment, etc.
Email: lac4002@yahoo.com |
Sales: San Francisco Bay Area, CA
20 plus years experience in small ticket and middle market, mostly vendor driven business; specialist in manufacturing, hi-tech & medical. Excellent analytical and marketing skills.
Email: deals_2_do@yahoo.com |
Sales: Southern California
Equipment Financing Professional with strong background in Sales, Management, Marketing & Operations. Will consider relocation for Senior Sales or Management position offering dynamic growth opportunity.
Email: natsif@hotmail.com |
Sales: South Central US
TX, OK, KS & AR Territory.
Equipment finance and leasing professional, 20 years experience. Top producer in middle to upper middle markets. Extensive customer base.
Email: usleasingrep@yahoo.com |
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For a full listing of all "job wanted" ads, please go to:
http://216.66.242.252/AL/LeasingNews/JobPostings.htm
* www.okanoganwine.com
[headlines]
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Captive Lessors-Up-dated
Alphabetical list |
AFS Commercial Credit |
IBM Global Financial |
Raymond Leasing Corporation |
AT&T Capital Services, Inc. |
Ikon Office Solutions |
SAIC |
Atlas Copco Customer Finance USA, Inc. |
Ingersol-Rand Services |
Siemans Financial Services |
Baxter Healthcare Corp |
John Deere Credit |
Siemans Medical Financial Services |
Canon Financial Services, Inc. |
Johnson & Johnson Finance Co. |
Silicon Graphics |
Caterpillar Financial Services |
Kronos Incorporated |
Sojitz America Capital, Inc. |
CHD Leasing |
Lanier Worldwide |
Solarcom LLC |
Cisco Systems Capital Corporation |
Leaseplan USA |
Steelcase Financial Services, Inc. |
CNH Capital |
Machine Tool Capital |
Summer Group, Inc. |
Dell Financial Services |
McKesson Capital Corp. |
Sun Microsystems Global Fin Srvcs, Inc. |
Dexter Financial Services |
Microsoft Capital |
Tektronix Equipment Finance |
Diebold Global Finance |
Navistar Financial Corp. |
Toyota Financial Services |
First Data Leasing |
NCR Corporation |
Trinity Industries Leasing, Inc. |
GFC Leasing |
NEC Financial Services |
Vendor Capital Group |
Global Imaging Systems |
OCE Financial Services |
Verizon Credit, Inc. |
Highway Commercial Services |
Olympus America |
Volvo Commercial Finance |
Hitachi Systems Data Credit Corp. |
Oracle Credit Corporation |
Wallwork Lease |
Honewell Global Finance |
Paccar Financial |
|
HP Financial Services |
Pitney Bowes Credit Corporation |
|
The above is a static list. To view the entire list plus active list, please go here:
http://www.leasingnews.org/Captive/Captive_lessors.htm
[headlines]
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Leasing Institute of America Sold
Bob Baker, CLP, President and CEO of Wildwood Financial Group, Ltd. based in St Louis, Missouri has purchased the assets of Leasing Institute of America (LIA) of Salt Lake City, Utah. The company is owned by ACC Capital and Amembal Associates, according to their website,http://www.leasinginstitute.org, "The Leasing Institute of America (LIA) is a joint venture between ACC Capital Corporation (ACC) and Amembal & Associates (Amembal)."
At one time,"(The)... faculty of Sudhir Amembal, Loni L. Lowder, Charles E. Brazier, CLP, Jason Smith, General Manager, and Joe Bonanno, Esq., with $30,000 you can take part in the "Five Day Leasing School" to participate in "Stage One...The Executive Lease Broker Program...the most in-depth curriculum and training program available on the market for business professionals interest in entering the commercial equipment lease brokerage business."
(Sudhir Amembal lives in Mexico and has been developing a Certified Lease Professional program in Asia, Loni Lowder runs ACC Capital in Salt Lake City , Chuck Brazier is with Tom Cetto and Brent Hall's Pinnacle Capital, working out of the Florida office, Joe Bonanno is the staff attorney for the National Association of Equipment Leasing Brokers, and Jason Smith, General Manager is long gone.)
Late last year Sudhir Amembal lowered the price of attending their school:
"Due to the unprecedented successes of the first 14 months of the program and significant streamlining to the program, The Leasing Institute of America has lowered the cost of the program from $30,000 to $12,500. Mr. Amembal explained: 'The significantly lower cost enables us to serve a larger number of those aspiring to become successful lease brokers'."
It should be noted that with a flurry of press releases in early December last year, Mr. Amembal started an equipment verification company in Salt Lake City, Utah, called LeaseInspection.com
He has been personally visiting funding sources, presenting the "new technology" that induced him to enter this aspect of the business.
"None of the instructors or any employees of Leasing Institute will be coming to Wildwood," Baker told Leasing News. "Wildwood will operate only out of the St Louis headquarters."
"Wildwood will work with the lead base currently at LIA and any future inquiries will be sent to Wildwood. The LIA website will either be discontinued or those accessing it will be referred to Wildwood. This will be accomplished within a few days. This transition has been very smooth and orderly for both LIA and Wildwood."
In an introductory letter from Sudhir P. Amembal, Senior Faculty, on August 18, 2004:
"In order to encourage you to refer candidates to our program, we are offering a $10,000 referral fee to you for each student that completes our course through December 2004."
According to the original announcement on August 18, 2004, the
"Stage 2: "Six Month Coaching Program-as participant in the Executive Leasing Broker Training Program they will complete a bi-weekly prescheduled 30-minutes sales training session to discuss the prior weeks activities and progress..."
"Stage 3: "A lifetime of Support-Upon completion of the six month coaching Hotline at no additional charge for the life of their business.
"---including "Access to the underwriter's database that will help the lease brokers pair their deals to a funding source."
"...The Coaching Hotline will provide the trainee to have access to the necessary information to grow their business for years to come."
http://www.leasingnews.org/archives/August_2004/8-18-2004.htm#lease
Baker said in a press release, "Baker stated "Wildwood has for over a decade been the only company in the country that operates a school whose sole business is training in the equipment leasing industry. We are very excited about this acquisition. Strategically it fit right in to our expansion strategies. It was a logical conclusion."
"Wildwood conducts training exclusively in the Equipment Leasing Industry. Bob Baker CLP conducts seminars and is a frequent speaker at leasing conferences throughout the country. While Wildwood also conducts training for Leasing Companies and Banks, its core focus is Training, Supplying the Best Funding Sources, and supplying Support to entrepreneurial men and women wishing to enter the lucrative Equipment Leasing Industry."
It should be noted the Bob Baker, CLP, is one of the original members of the Leasing News Advisory Board, very active in many leasing associations, bringing in many members, plus has been active in the Certified Leasing Professional Program. His training program for those entering the leasing broker business have been very successful.
www.wildwoodfinancial.com
http://www.leasingnews.org/Advisory%20Board/Baker_bob.htm
Robert D. Baker, CLP
President/CEO
Wildwood Financial Group, Ltd.
baker@wildwoodfinancial.com
800-373-3581 toll free
877-235-0808 fax
[headlines]
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Leasing Schools/Franchisors
(For our "Financial and Sales Training" list, please click here)
(does not include those specifically employed in training or education, but who have a similar program as the following entities:)
Corporate Capital Leasing Group Grows to 24 Offices
"...we advertised this opportunity on Ebay and offered a protected territory of their home state. They would pay $500 for a security deposit on the training materials and when they booked $50,000 in business, they would get a refund of their security deposit plus a bonus of $200. They get a 60 page manual, four CDs and samples of marketing pieces. They would sign a 10 page Agency Agreement which clearly spelled out what they could or could not do and how their commissions would be paid including splitting commissions between territories in case of an overlap.
" The first month we had 4000 hits on the Ebay listing and over 90 people who were interested enough to ask for more information."
http://www.leasingnews.org/Conscious-Top%20Stories/Corp_cap_grows.htm
Global Leasing
Program cost: $19,950.00
In 2003, broker/lessor Global Leasing founder Phil Dushey created a new division to train independent salesmen in all the aspects of finance, including leasing ,accounts receivable financing, business acquisitions, debt restructuring, working and venture capital. His students have found great success and he spends most of his time now developing entrepreneurs, who also utilize his knowledge and sources of funds."
" We are not superbrokers and have never been one. Occasionally we will co-broker a transaction ,but generally we function as a lessor for our own accounts. 2. Our website address for our training is www.globalbrokersystems.com 3 When we train our students we do not have them send transactions through Global. We set them up to deal directly with the lenders. We also require that all lenders who work with our students will automatically approve them to do business with them. Also our current price for the program is $24,950 We also model our training program from the experience we have from being in the business for about 25 years that a broker needs to serve all of the financial needs of their clients ,whether it be equipment leasing ,factoring,acquisitions,SBA Loans or debt restructuring, we do it all."
Philip Dushey
Global Financial Services
17 State Street
New York NY 10004
Email
phil@globaleasing.com
Phone 212-480-4900
Mr. Dushay is also on the Leasing News Advisory Board
http://www.leasingnews.org/Advisory%20Board/Dushay_Phil.htm
Lease One, Lynnfield, Massachusetts
“Our program has been operating for 14 years, we charge $19,900 for a three day training, & offer lifetime support , ongoing marketing assistance, plus complete underwriting which allows the associate more time to market there company& we provide everything from materials, airfare, hotel , food, equipment etc...”
Joe Angelo, Jr.
http://www.leaseone.com/equipment-leasing-opportunities.html
Parker Leasing and Financial Services
Fort Lauderdale, Florida Formed December 1, 1969, this is a sole proprietorship, according to the Better Business Bureau, who many consider quite controversial. Mr. Parker has advertised in USA Today perhaps since the paper started in 1982, offering to train those in his office for $5,000. Former students have said today it is a one person office with an answering service and the manual was a mimeograph. Today most of his business appears to be of international nature where he also raises investor money, it is claimed. There are no claims against his company in the Better Business Bureau. He is not a member of any equipment leasing association.
http://www.bbbsoutheastflorida.org/nis/newsearch2.asp?ID=
1&strBCode=06330000&ComID=0633000011001649
Leasing News has one Bulletin Board Complaint and has not been able to reach him regarding a situation in Indonesia.
http://www.leasingnews.org/Complaints-Bulletin_Board/Year2001.htm#parker
Wildwood Financial---$34,950 To Get Into Leasing
The oldest, most experienced school-program run byleasing veteran Bob Baker, CLP; perhaps the most successfulto date. He, and his staff, continue to help all students after they graduate, making recommendations and helping their business grow.
Bob Baker recently purchase the assets and servicing for graduates of
Leasing Institute of America.
Wildwood also acts a super broker, a middle man for their graduates. "It is very important to understand we only do this for their first 2 or 3 deals as part of their suppor. More importantly, we do not get any of the income, NONE. Helping them through their first few deals is part of what they paid $34,950 for. This is one of the reasons funders like Net Bank allow us to send in deals from our graduates when normally they do not allow super broker deals. We only submit transactions from Wildwood graduates. No exceptions. Wildwood is a training company, period. "
Bob Baker
Mr. Baker is on the Leasing News Advisory Board
http://www.leasingnews.org/Conscious-Top%20Stories/wildwood.htm
(If we have left out your company and its "franchise" or "like" program, please contact us: kitmenkin@leasingnews.org )
Equipment Leasing License
Most banks in California require those who send leases to them have a license, and if they are discounters, also have a State Board of Equalization license.
Loan/Lease State Statutes*
* The above is from our archives, and needs to be up-dated. If any one can help us up-date it, please send to : kitmenkin@leasingnews.org
California Finance Lender Law
[headlines]
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Evergreen Clauses
By Archie Julian, Dumac Leasing
(a division of Exchange Bank, Santa Rosa)
--reprinted with permission from Dumac Leasing Newsletter
Today we read a lot about the "Evergreen" clause. For clarity the evergreen clause is a portion of a lease agreement that allows the Lessor to extend the lease under certain conditions. Often the conditions are set by the funding source/lessor to increase their opportunity to extend the lease. It is aptly named "Evergreen" because it is like a tree that seems to die in the winter but comes back to full green beauty every spring.
This is a hot topic. Discussion often focuses on the what's legal, ethical etc., and misses the point for the lease broker. When the funding source/lessor exercises the evergreen clause, the lease broker's name and reputation may be severely damaged, possibly irreparably. A client who has paid more payments than originally contracted doesn't care about the fine print. That client knows he's been burned. His reaction is usually to have nothing to do with anyone associated with that lease ever again. Too often, these people use a broad brush and avoid leasing altogether.
How do you protect your good name? In general, know your funding source and their practices. If they have an evergreen clause in their agreement, learn the terms and plan to help your clients meet them in a timely fashion. Set a reminder in your client management system telling you to send a form letter to your lessee with instructions as to how it should be handled. Call your client and let them know that you are sending the letter, and stress the importance of signing and mailing it into the funding source/lessor. Also, keep good records.
Should a dispute arise you will have proof of events, which may stop the dispute before it becomes expensive. This is even more important when the current lessor is not the original funding source. In general, take care of your clients well beyond the time the commission is paid. It can only help your efforts to write additional leases with that client.
[headlines]
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[headlines]
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Classified Ads---Help Wanted
Office Administrator
|
Office Administrator
Deerfield, Illinois
Proficient in Microsoft Office, 2 years admin. minimum report directly to Director of Operations. To learn more, please click here.
|
|
Operations Manager
|
Operations Manager
Minneapolis,MN
Coordinates lease process from inception through pay off. 3+ years proven leasing account management exper.
For more info, click here
|
|
Sales
|
3 Regional Sales Opportunities
NY/NJ; Dallas & Atlanta/Nashville
Manage existing accounts and develop relationships. Min. Req. 3 years equip. leasing sales or strong leasing operations experience. For more information, click here:
|
|
Sales Representatives
|
National Machine Tool Financial Corporation |
National Tel-Med Capital | National Business Finance |
Sales Reps
Machine tools, construction, medical equip. Top competitive comp. package Fax resume: 847-871-4209 e-mail: chris@netlease.com
|
www.netlease.com
National has operated as an indirect lessor for over 25 years. They are expanding three of their divisions. |
[headlines]
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Buy a "Help Wanted" Ad
Alexa Ranks Leasing News #1
Help Wanted Ad Pricing Criteria |
Smaller Ads |
$500.00 minimum for four lines |
Larger Ads |
$75.00 each additional line |
Additional Options |
- Design work to help create the ad is free.
-Company logo is not included in the linage count; company logo is $50.00
-Description of your company is $100.00
(company description cannot have more lines than your ad) |
Cost Per Day (based on ad price) |
$500.00 - $23.81 per day
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All rates are subject to change.
To obtain more information and/or to submit an ad, please click here.
If you prefer a " non-employment" ad, we sell a banner ad, please click here
for pricing. |
[headlines]
--------------------------------------------------------------
### Press Release ###########################
OneWorld Leasing Hires New Law Firm
and Changes Its Corporate Address
Birmingham, AL.OneWorld Leasing Inc. (OneWorld), a national, member-driven business cooperative for independent leasing and finance companies, has hired Marks & Weinberg, P.C. as its corporate law firm. The firm has a national practice that focuses on equipment leasing and finance. In announcing OneWorld's new relationship with Marks & Weinberg, Ira Romoff, President of the national cooperative commented, "Barry Marks and Ken Weinberg have years of experience dealing with virtually every type of equipment and facility lease financing and are well-respected within the equipment leasing industry. I am confident that the firm will do an excellent job for OneWorld." Senior Partner Barry Marks will manage the legal affairs of OWL. He has served on the Legal Committee of the Equipment Leasing Association
and as counsel to the National Association of Equipment Leasing Brokers. He serves on the boards of the Journal of Equipment Lease and Financing and the Leader's Equipment Leasing Newsletter.
OneWorld has also changed its official corporate address of record. Its address is now Post Office Box 11386, Birmingham, Alabama 35202.
OneWorld Leasing, Inc. is a business cooperative that helps independent equipment leasing and finance companies further their common interests and increase their marketing strength and funding power. Its mission is to leverage the volume of the co-op in order to provide its members with services and opportunities that might not be available to them individually. Those services and opportunities include greater access to funding and revenue opportunities, business services, national vendor programs, and best practice activities. OneWorld operates on a cooperative basis and is owned and controlled by its
members. Its motto is Strength in Numbers. For more information, go to www.oneworldleasing.com.
[headlines]
### Press Release ###########################
GATX Corporation to Sell Majority of Its Aircraft Leasing Business
CHICAGO----GATX Corporation (NYSE:GMT) yesterday announced that it has signed a definitive agreement to sell the majority of its aircraft leasing business to a consortium of investors including Macquarie Bank and affiliated investment funds of Och Ziff Capital Management Group. The transaction is expected to close by year end.
The consortium, Macquarie Aircraft Leasing Limited (MALL), will acquire GATX's wholly owned aircraft and will seek to acquire assets within the aircraft leasing joint ventures managed by GATX. GATX anticipates that the majority of the employees at its aircraft leasing business will accompany the assets to MALL.
The air assets subject to the agreement with MALL, including GATX's joint venture investments, total approximately $1.5 billion in net book value, or 21% of GATX's total assets. The sale will result in an after-tax charge in the range of $50 - 70 million to be taken by GATX in the third quarter. After the required prepayment of air-specific debt and taxes, GATX expects cash proceeds from the sale, assuming all assets contemplated in the transaction are sold, to be approximately $500 million. GATX will determine the use of those proceeds upon completion of the transaction.
Brian A. Kenney, president and CEO of GATX Corporation, stated, "GATX has been in the commercial aircraft leasing business since 1968, building a valuable operating lease platform and portfolio of aircraft. We believe that the sale of this platform to MALL will enable GATX to realize greater value for our shareholders than we could realize from continuing to own the business, and will position GATX to pursue opportunities in our higher return rail and specialty businesses."
The sale is subject to customary closing conditions, third-party consents and regulatory approvals.
COMPANY DESCRIPTION
GATX Corporation (NYSE:GMT) provides lease financing and related services to customers operating rail, marine and other targeted assets. GATX is a leader in leasing transportation assets and controls one of the largest railcar fleets in the world. Applying over a century of operating experience and strong market and asset expertise, GATX provides quality assets and services to customers worldwide. GATX has been headquartered in Chicago, IL since its founding in 1898 and has traded on the New York Stock Exchange since 1916. For more information, visit the Company's website at www.gatx.com.
Investor, corporate, financial, historical financial, photographic and news release information may be found at www.gatx.com.
CONTACT:
GATX Corporation
Rhonda S. Johnson (Investor Relations),
312-621-6262
rhonda.johnson@gatx.com
SOURCE:
GATX Corporation
[headlines]
### Press Release ###########################
McAndrews, Held & Malloy Secures Major Pretrial Victory
For Cobra Capital
Successful Young Financial Institution Prevails Over LaSalle Bank in Dispute Over Use of Marketing Phrases
CHICAGO, IL -- McAndrews, Held & Malloy announced that it has secured a major pretrial victory for its client, Oakbrook, Ill.-based Cobra Capital LLC against Chicago-based LaSalle Bank Corporation and several of its business units. The case involved the ownership and protectability of the phrases "Making Impossible Possible" and "Make the Impossible Possible," both of which are used by Cobra.
In an order released Sept. 21, the Eastern Division of the U.S. District Court for the Northern District of Illinois denied LaSalle Bank's motion for summary judgment. The Court also denied LaSalle Bank's motion to strike a witness declaration and portions of Cobra's statement of material fact relied on by Cobra in opposing summary judgment.
A privately-held capital services company, Cobra filed suit against LaSalle Bank Corporation, LaSalle Bank N.A., LaSalle Bank Midwest N.A. and LaSalle National Leasing Corporation for their use of the phrase "Making More Possible." Cobra claimed infringement and its trademarked phrase "Making Impossible Possible," as well as the phrase "Make the Impossible Possible."
Dale Kluga, Cobra President
Cobra President Dale Kluga, who formerly worked for LaSalle Bank, applied to register "Making Impossible Possible" as a service mark on Jan. 13, 2000, while he was the manager, president and part owner of Great American Leasing Company (GALCO), which used the phrase in connection with its business. Cobra began using both phrases, "Make the Impossible Possible" and "Making Impossible Possible," in 2001 after GALCO ceased operations and Kluga became the sole member, manager and president of Cobra. Kluga was granted a certificate of registration for "Making Impossible Possible" in September 2002, and is the owner of "Make the Impossible Possible" via Kluga's permission to use that phrase.
LaSalle Bank began using the phrase "Making More Possible" in March 2005. In April 2005, Kluga executed an assignment of his rights in the registered mark to Cobra.
"This denial of LaSalle's motion for summary judgment represents a major victory for Cobra in its protection of legitimately trademarked phrases for use in its business marketing," said McAndrews, Held & Malloy Shareholder Greg Vogler, lead attorney on the case. "Here's an example of an ex-LaSalle Bank employee who left to work at a competitive company and has been subjected to continuous harassment on this issue by his former employer. Despite being made aware of the potential trademark infringement, LaSalle aggressively used 'Making More Possible' in widespread and pervasive marketing and advertising campaigns. This victory is important because it is appears to cripple what LaSalle has laid forward as its lead defenses in the case."
Kluga said, "There are no words to explain how satisfied this ruling makes me feel. There could be no better adrenalin shot for our case as we continue to move forward to demonstrate LaSalle Bank's blatant infringement and reckless disregard for legitimate ownership of this trademarked phrase, which is vital to the marketing and viability of my business."
In its request for summary judgment, LaSalle argued that Cobra does not "own" the phrase "Making Impossible Possible" and that the phrase is descriptive and not protectable because there was no evidence of secondary meaning. In its opinion, the Court stated that the mark at issue "does not appear to be descriptive. In fact, the phrases are devoid of industry specific connotations." In addition, while LaSalle has argued that Cobra's service mark merely is self-laudatory and, therefore, unprotectable, the Court stated: "Indeed, defendants' insistence that the phrase 'is merely common self-laudatory advertising' borders on frivolous."
LaSalle also questioned the adequacy of Kluga's registration and subsequent assignment of the rights to the registered mark to Cobra. The Court concluded that Kluga properly acquired ownership rights in the phrase.
McAndrews, Held & Malloy attorneys Vogler, Alex Menchaca, Dennis P. Hackett and Christopher V. Carani represented Cobra.
Copy of Memorandum and Order:
http://leasingnews.org/PDF/Cobra_capital.pdf
# # #
About McAndrews, Held & Malloy
Founded in 1988, McAndrews, Held & Malloy is one of the nation's preeminent legal resources on intellectual property, antitrust and technology matters, serving institutions ranging from major multinationals and start-ups to world-class colleges and universities. The firm's technically trained attorneys have built an unparalleled record of litigation successes in jury trials, bench trials and ADR proceedings. In addition, McAndrews, Held & Malloy offers its clients services in the following areas: patent and trademark procurement and portfolio management, patent interferences, trademark oppositions and cancellations, international practice, intellectual property/technology opinions and investigations, due diligence and M&A support, technology licensing and joint ventures, and technology transfers and donations. Additional information can be found at www.mhmlaw.com
[headlines]
### Press Release ###########################
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News Briefs----
HP Takes a Capitol Beating
http://www.internetnews.com/bus-news/article.php/3634986
Economic forecast: no recession
http://www.siliconvalley.com/mld/siliconvalley/15629517.htm
30-year mortgage rates fall to lowest level in more than 6 months
http://www.usatoday.com/money/perfi/housing/
2006-09-28-mortgage-rates-freddie_x.htm
Home loan demand falls despite rate plunge to a six-month low
http://www.usatoday.com/money/economy/housing/
2006-09-27-mortgage-loans_x.htm?csp=34
31st Annual CIT Construction Industry Forecast Reports Cautious Optimism for 2007
http://www.prnewswire.com/cgi-bin/micro_stories.pl?ACCT=683178&TICK=CIT&STORY
=/www/story/09-27-2006/0004440730&EDATE=Sep+27,+2006
Late credit card payments edge up
http://www.boston.com/business/personalfinance/articles/2006/09/28/
late_credit_card_payments_edge_up/
Westfield San Francisco Centre Opens
Long-awaited grand opening draws huge crowds downtown
Urban mall's gala celebrates arrival of shopping Mecca
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/09/28/BUG78LEJC79.DTL
[headlines]
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You May have Missed---
New-home sales rise called 'blip'
http://www.boston.com/business/globe/articles/2006/09/28/
new_home_sales_rise_called_blip/
[headlines]
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Sports Briefs----
Police Say Owens Accidentally Overdosed
http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/
2006/09/28/sports/s165854D84.DTL
http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/
092906dnmetowens911.262ec97b.html
Rivers faces first real test against Ravens---Ira Miller
http://www.mercurynews.com/mld/mercurynews/15633268.htm
[headlines]
----------------------------------------------------------------
"Gimme that Wine"
California Wineries Say Tasting Room Sales Steady
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2006/09/27/financial/
f214020D40.DTL&hw=wine&sn=006&sc=265
Growers may turn to machines to fill void if illegal workers forced out
http://www.napavalleyregister.com/articles/2006/09/28/news/local/
doc451b67458073a139907668.txt
Weather puts a damper on wine-grape ripening
Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/
US/International Wine Events
http://www.localwineevents.com/
Winery Atlas
http://www.carterhouse.com/atlas/\
Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm
The London International Vintners Exchange (Liv-ex)
is an electronic exchange for fine wine.
http://www.liv-ex.com/
[headlines]
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Calendar Events This Day
All Angels Day
A day to celebrate the Feast of St. Michael and All Angels.
(see Michaelmas)
Michaelmas
The feast of St. Michael and All Angles in the Greek and Roman Catholic Churches. St. Michael is also Considered the guardian angel of Israel. Perhaps best known as Patron of grocers, mariners, paratroopers, police, and sickness.
http://www.catholic-forum.com/saints/saintm06.htm
http://www.ewtn.com/library/MARY/MICHAEL.htm
http://elvis.rowan.edu/~kilroy/JEK/09/29.html
Paraguay: Boqueron Day
National holiday. Commemorates a battle during the 1932 Chaco War.
Pumpkin Day
[headlines]
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Cats can hear ultrasound
Humans can hear sounds from about 16 to 20,000 Hz (20 kHz)*. Anything above 20,000 kHz is called "ultrasound."
- Dogs: up to 40,000 Hz
- Cats: 100 to 60,000 Hz
- Bats: 1,000 to 100,000 Hz
- Dolphins: up to 150,000 Hz
[headlines]
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Today's Top Event in History
1907- Birthday of Gene Autry, born Tioga, Texas: 'The Singing Cowboy', actor in over 100 cowboy westerns, singer, CMA Hall of Fame and the only person to have 5 Hollywood Walk of Fame stars. They were for film, radio, TV, stage and records; born Tioga, Texas. Autry made 635 recordings, including more than 300 songs written or co-written by him. His records sold more than 100 million copies and he has more than a dozen gold and platinum records, including the first record ever certified gold. His Christmas and children's records Here Comes Santa Claus and Peter Cottontail are among his platinum recordings. Rudolph the Red-Nosed Reindeer , the second all-time best selling Christmas single, boasts in excess of 30 million in sales. In 1950, Autry became the first major movie star to use the television medium. Always a man of vision, Autry excelled and for the next five years he produced and starred in 91 half-hour episodes of The Gene Autry Show for CBS Television. This success lead him to produce such popular TV series as Annie Oakley, The Range Rider, Buffalo Bill Jr., The Adventures Of Champion as well as the first 39 episodes of Death Valley Days. My father Lawrence Menkin wrote many of the episodes, plus served as story editor.
http://www.autry-museum.org/museum/gene_autry.php
http://www.cowboypal.com/genehp.html
http://www.autry.com/geneautry/geneautry_biography.html
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This Day in American History
1803- The first Roman Catholic Church in Boston was formally dedicated. (Catholics had not been permitted any religious freedom within this predominantly Puritan colony prior to the Massachusetts Constitution of 1780.)
1907- Birthday of Gene Autry, born Tioga, Texas: 'The Singing Cowboy', actor in over 100 cowboy westerns, singer, CMA Hall of Fame and the only person to have 5 Hollywood Walk of Fame stars. They were for film, radio, TV, stage and records; born Tioga, Texas. Autry made 635 recordings, including more than 300 songs written or co-written by him. His records sold more than 100 million copies and he has more than a dozen gold and platinum records, including the first record ever certified gold. His Christmas and children's records Here Comes Santa Claus and Peter Cottontail are among his platinum recordings. Rudolph the Red-Nosed Reindeer , the second all-time best selling Christmas single, boasts in excess of 30 million in sales. In 1950, Autry became the first major movie star to use the television medium. Always a man of vision, Autry excelled and for the next five years he produced and starred in 91 half-hour episodes of The Gene Autry Show for CBS Television. This success lead him to produce such popular TV series as Annie Oakley, The Range Rider, Buffalo Bill Jr., The Adventures Of Champion as well as the first 39 episodes of Death Valley Days. My father Lawrence Menkin wrote many of the episodes, plus served as story editor.
http://www.autry-museum.org/museum/gene_autry.php
http://www.cowboypal.com/genehp.html
http://www.autry.com/geneautry/geneautry_biography.html
1908-Birthday of Thomas Edward (Eddie) Tolan, Olympic gold medal sprinter born at Denver, CO). Tolan was the first black American athlete to win two gold medals, triumphing in the 100 meters and the 200 meters at the 1932 Olympics in Los Angeles. At his death, he still held the Michigan high school record of 9.8 seconds in the 100-yard dash. Died at Detroit, MI, Jan. 31, 1967.
1918 --Captain GH Wilkins, official AIF photographer, rallies United States troops at the battle of the Hindenburg Line, while taking photographs for this action he is awarded a bar to his Military Cross, becoming the only Australian official photographer to be decorated for bravery in the field.
1927 - An outbreak of tornadoes from Oklahoma to Indiana caused 81 deaths and 25 million dollars damage. A tornado (possibly two tornadoes) cut an eight-mile long path across Saint Louis MO, to Granite City IL, killing 79 persons. The damage path at times was a mile and a quarter in width. The storm followed a similar path to tornadoes which struck in 1871, 1896, and 1959.
1935-Birthday of singer/piano player Jerry Lee Lewis. ("Whole Lot of Shakin' Goin' On," "Great Balls of Fire"), born Ferriday, LA.
1937-Birthday of guitarist Joe Hughes, Houston, Texas.
http://www.cascadeblues.org/History/hughes_joe_guitar.htm
1938 -Charleston, SC was hit with 5 tornadoes, which killed 32 people and did $2 million in damage
1942- Hugh Mulzac, first Black captain of a US merchant ship, launches with the Booker T Washington,
1946 - "The Adventures of Sam Spade" premiered on CBS radio this Sunday night. In the summer of 1946, it had aired on ABC on Friday nights. "The Adventures of Sam Spade", starring Howard Duff as detective Spade, became a hit on Sunday night radio.
It was based on novels by writer Dashiell Hammet.
1947 - Musician Dizzy Gillespie (performing with Charlie Parker) made his Carnegie Hall debut in New York City. Playing with a full-sized band, Gillespie was the leader of a new wave of jazz known as bebop. Over time, Gillespie became one of the great jazz players of all time.
1947---Top Hits
Feudin' and Fightin' - Dorothy Shay
I Wish I Didn't Love You So - Vaughn Monroe
I Wonder Who's Kissing Her Now - Perry Como
Smoke! Smoke! Smoke! (That Cigarette) - Tex Williams
1948-Brithday of broadcaster and amateur golfer Bryant Gumbel, born, New Orleans, LA.
1953-- "Make Room for Daddy," premiers on TV. Danny Thomas starred as Danny Williams, a nightclub singer and comedian, in this family sitcom. The series was renamed "The Danny Thomas Show" in 1956 after Jean Hagen (who played his wife, Margaret) left the show. Many cast members returned for the show's sequel, "Make Room for Granddaddy" in 1970. Thomas' co-stars were: Sherry Jackson and Penney Parker as Danny's daughter Terry; Rusty Hamer as son Rusty; Amanda Randolph as housekeeper Louise; Horace McMahon as Danny's agent, Phil Arnold; Jesse White as agent Jesse Leeds; Sid Melton as Charlie Halper, owner of the Copa Club; Ben Lessy as Danny's pianist, Ben; Mary Wickes as his publicist, Liz O'Neal; Hans Conried as Uncle Tonoose; Nan Bryant as Danny's mother-in-law and Marjorie Lord as his new wife Kathy O'Hara. Rusty Hamer was our next door neighbor growing up in Pacific Palisades, California. His brother was my age and we were best friends, double-dating all the time. Danny Thomas, who many now remember as Marlo's dad and Phil Donahue's father-in-law, is also remembered for many things that influenced television. At the suggestion of his friend, Desi Arnaz, Thomas negotiated a deal that would allow him to retain ownership rights to his programs, like Make Room for Daddy, which debuted this day on ABC-TV. Later, in 1957, the show would move to CBS under the Desilu/Danny Thomas Productions banner. The rest is, literally, TV history. His success allowed him to give something back to the world, in the form of his philanthropic efforts to build St. Jude's Children's Hospital in Memphis. "All I prayed for was a break," he once told an interviewer, "and I said I would do anything, anything, to pay back the prayer if it could be answered. All I needed was a sign of what to do and I would do it." And so it was.
1954---Willie Mays made a fabulous over-the-shoulder catch that many regard as the most famous in baseball history. It came in the first game of the World Series as the New York Giants were playing the Cleveland Indians. Vic Wertz of the Indians hit a long drive to deep center field in the Polo Grounds. Bays turned on the ball, caught it running full stride about 475 feet from home plate, wheeled and threw. The Gaints won the game, 3-0, in 10 innings on Dusty Rhodes's pinch-hit home run and swept the Indians in the Series.
1955---Top Hits
The Yellow Rose of Texas - Mitch Miller
Love is a Many-Splendored Thing - The Four Aces
Tina Marie - Perry Como
I Don't Care - Webb Pierce
1955 - Arthur Miller's play, A View from the Bridge, opened on Broadway on this date, and received mixed reviews from critics.
1956-So far, RCA Victor has received over 856,327 advance orders for Elvis Presley's "Love Me Tender."
1959 -Hurricane Gracie made landfall near Beaufort, SC with sustained winds of 97 mph with a peak gust to 138 mph. 10 people were killed in South Carolina and Georgia. As the weakening storm moved through Virginia on the 30th, she spawned an F3 tornado at Ivy, VA which killed 11 people
1959 - The irreverent cartoon TV series, Rocky and Bullwinkle, created by Jay Ward, debuted on ABC on this date. It was the most sophisticated satirical cartoon series of the television era at that time. The Many Loves of Dobie Gillis debuted on CBS on the same evening.
1958-"It's All in the Game" by Tommy Edwards topped the charts and stayed there for 6 weeks.
1958-The Big Bopper's "Chantilly Lace" enters the pop chart at #27 and the Moonglows' "Ten Commandments of Love," enters the pop charts at #41.
1960 - ABC-TV brought "My Three Sons" into United States homes. Movie actor Fred MacMurray had a hard time adjusting to the small screen. "My Three Sons" did so well CBS bought it in 1965, for somewhere between seven and ten million dollars.
1962- President JF Kennedy authorized use of federal troops in integration of University of Mississippi. James H. Meredith was escorted onto the University of Mississippi campus by U.S. marshals. Tow men were killed in the ensuing mob violence, which was quelled with the aid of 3000 fe4deral soldiers. The next day Meredith was enrolled and began to attend classes amid continuing disruption by protestors. On June 6, 1966, James Meredith was shot and wounded while on a lone march from Memphis, Tenn. to Jackson, Miss. to encourage black voter registration. Only June 26, 26 groups from across the country joined with Meredith to complete the march. From 1989 to 1991, Meredith served as a policy advisor to conservative Republican Senator Jesse Helms, who only ten years earlier had opposed the establishment of Martin Luther King, Jr. Day. He is an author and businessman today.
http://www.africanamericans.com/JamesMeredith.htm
1962 - My Fair Lady closed on this day after a run of 6½ years. At the time, the show held the Broadway record for longest-running musical of all time. 3,750,000 people watched the wonderful show and heard tunes like Wouldn't it Be Loverly, Show Me, Get Me to the Church on Time, I'm an Ordinary Man, I've Grown Accustomed to Her Face and the Vic Damone/Robert Goulet standard, On the Street Where You Live. The team of Alan Jay Lerner and Frederick Loewe turned George Bernard Shaw's play, Pygmalion, into a colorful, musical production. They gave a new life to the rough- around-the-edges, cockney, flower girl; the subject of a bet between Professor Higgins (Just You Wait, 'Enry 'Iggins) and a colleague. The Professor bet that he could turn Eliza Doolittle into a proper lady (The Rain in Spain). With a Little Bit of Luck he did it. Eliza, looking and acting very much like a princess, sang I Could Have Danced All Night. After its Broadway success, My Fair Lady was made into a motion picture (1964) and won seven Academy Awards including Best Picture.
1966-Birthday of football player Kenneth Howard (Ken) Norton, Jr., born Jacksonville, IL.
1963---Top Hits
Blue Velvet - Bobby Vinton
Sally, Go 'Round the Roses - The Jaynetts
Be My Baby - The Ronettes
Abilene - George Hamilton IV
1963-Rolling Stones 1st tour (opening act for Bo Diddley & Everly Bros)
1967 -"Alice" premiers on TV. Linda Lavin played the title role in this CBS comedy that was based on the 1975 film Alice Doesn't Live Here Anymore. Alice Hyatt was the new girl in town--a widow raising her son while trying to make ends meet by waitressing at a diner. She also had dreams of making it big as a singer. Nine years later, Alice was able to leave her "temp" job for a gig. Lavin's co-stars were: Vic Tayback as diner owner Mel Sharples, Philip McKeon as Alice's son, Tommy, Beth Howland as waitress Vera Gorman, Polly Holliday as sassy waitress Flo Castleberry, Diane Ladd as Flo's replacement Belle Dupree, Celia Weston as waitress Jolene Hunnicut, Martha Raye as Mel's mother, Carrie and Marvin Kaplan as customer Henry Beesmyer. The last episode was on August 31, 1976.
http://www.tv.com/alice/show/612/summary.html&full_summary=1
http://web.triton.net/o/ochs/guides/wherearetheynow.html
1967 - Motown's Soul label released Gladys Knight and the Pips's I Heard It Through the Grapevine. It ultimately reached Number 2 on the pop charts and Number 1 on the rhythm and blues charts.
1967-Mickey Hart joins the Grateful Dead.
1970-- The New American Bible was published by the St. Anthony Guild Press. It represented the first English version Roman Catholic Bible to be translated from the original Biblical Greek and Hebrew languages. (The Rheims-Douai Version of 1610 had been based on Jerome's Latin Vulgate.)
1971---Top Hits
Go Away Little Girl - Donny Osmond
Maggie Mae/Reason to Believe - Rod Stewart
The Night They Drove Old Dixie Down - Joan Baez
The Year That Clayton Delaney Died - Tom T. Hall
1973- "We're an American Band" by the Grand Funk Railroad topped the charts and stayed there for a week.
1974-- The U.S. Congress passed the Equal Credit Opportunity Act designed to equalize credit opportunities for women and men. Under the new law, women's income had to be counted in the same way as men's income for credit ratings. It also decreed no one should be refused credit on account of sex or marital status.
1975- WGPR-TV Detroit, first Black-owned station in US, begins broadcasting.
1976 --Tommy Lasorda is named to succeed Walter Alston as Dodger manager. 'Smokey', compiled a 2040-1613 record (.558), during his 23-year tenure with the club winning seven pennants and four world championships.
1977 - In history's most-watched prize fight, Muhammad Ali defeated Ernie Shavers, in a decision, to claim the heavyweight championship boxing crown. The bout was televised from Madison Square Garden in New York City to an estimated 70 million viewers on NBC-TV. The first woman official of a heavyweight title boxing match officiated the match.
1977 - No. 1 Billboard Pop Hit: "Star Wars Theme/Cantina Band," Meco. The 15-minute song is a disco version of several themes from the top movie of 1977.
1979 - Cheap Trick's "Ain't That A Shame" peaks at #35 on the singles chart, while Robert Palmer's "Bad Case Of Loving You" peaks at #14, Nick Lowe's "Cruel To Be Kind" peaks at #12 and Dave Edmunds' "Girls Talk" peaks at #65.
1979 ---Gold hits record $400.20 an ounce in Hong Kong.
1979---Top Hits
My Sharona - The Knack
Sad Eyes - Robert John
Rise - Herb Alpert
It Must Be Love - Don Williams
1982-The first poisoning of store merchandise known to have resulted in numerous deaths took place in and around Chicago, Il. In a three-day period from September 29 to October 1, 1982, seven people died after taking Tylenol, a brand of acetaminophen, which they had bought at a local drugstores and supermarkets. A murderer who was never apprehended had removed the bottles from store shelves, opened them, added cyanide to the capsule of Tylenol, and replaced them in the stores. Tylenol removed all their product from the stores and destroyed them. The poisonings led to the introduction of wraps and seals on all pharmaceutical products and many other products as well.
1983 - Heavy rains began in central and eastern Arizona which culminated in the worst flood in the history of the state. Eight to ten inch rains across the area caused severe flooding in southeastern Arizona which resulted in thirteen deaths and 178 million dollars damage. President Reagan declared eight counties of Arizona to be disaster areas.
1983- A Chorus Line became the longest-running show on Broadway, with performance number 3,389. Grease, the rock 'n' roll production, had been the previous box-office champ since 1980.
1984- "Let's Go Crazy" by Prince & the Revolution topped the charts and stayed there for 2 weeks.
1984-The Cars' "Drive" peaks at #3 on the pop singles chart.
1985 - MacGyver, starring Richard Dean Anderson, debuted on ABC on this night.
Fortunately, the last detail is unimportant when compared to his astounding mind. Drawing on a vast practical knowledge of science, Macgyver is able to make use of any mundane materials around him to create unorthodox solutions to any problem he faces. The enemies of world peace and justice continually learn that underestimating this man is a fatal mistake for their plans. The popular series last seven years, perhaps making MacGyver a verb in our language for turning someting simple into a major tool.
http://www.tv.com/macgyver/show/706/summary.html&full_summary=1
http://www.imdb.com/title/tt0088559/
1986 - The sitcom, Designing Women, starring Dixie Carter, Delta Burke, Annie Potts, and Jean Smart premiered on CBS. The well-written show had a loyal following, and touched on many female topics that few shows then, or now, tackle. Last episode: May 24, 1993
http://www.lifetimetv.com/shows/deswomen/index.html
http://www.tv.com/designing-women/show/525/summary.html&full_summary=1
1987 - No. 1 Billboard Pop Hit: "Didn't We Almost Have It All," Whitney Houston.
1987---Top Hits
Didn't We Almost Have It All - Whitney Houston
Here I Go Again - Whitesnake
Lost in Emotion - Lisa Lisa & Cult Jam
Three Time Loser - Dan Seals
1987--"Thirtysomething," premiers on TV. This ABC drama series about a group of seven baby boomers was created by boomers Ed Zwick and Marshall Herskovitz. The show's characters were very real to many viewers who were able to identify with their struggles--such as the death of a parent, disease, relationships, singlehood, marriage, divorce, career setbacks and the birth of a child. The cast featured Ken Olin as Michael Steadman; Mel Harris as his wife, Hope; Jade Mortimer and the Craven twins, Brittany and Lacey, as their daughter Jane; Timothy Busfield as Michael's business partner, Elliot Weston; Patricia Wettig (Olin's real-life wife) as Elliot's wife, Nancy; Luke Rossi as their son Ethan; Jordana Shapiro as their daughter Brittany; Polly Draper as Hope's friend Ellyn Warren; Melanie Mayron as Michael's cousin, Melissa Steadman and Peter Horton as family friend Gary Shepherd. The popular show lasted until 1991.
http://www.thirdstory.com/thirtysomething/
http://us.imdb.com/title/tt0092492/
1987 - A slow moving cold front produced rain from the Great Lakes Region to the Central Gulf Coast Region. A late afternoon thunderstorm produced wind gusts to 62 mph at Buffalo NY. Warm weather continued in the western U.S. In Oregon, the afternoon high of 96 degrees at Medford was a record for the date.
1989 - Seven cities reported record high temperatures for the date, as readings soared into the 80s and low 90s in the Northern Plateau and Northern Plains Region. Record highs included 91 degrees at Boise ID, and 92 degrees at Sheridan WY. The high of 100 degrees at Tucson AZ marked their 51st record high of the year, and their 92nd day of 100 degree weather.
1990 - In Washington, DC, the National Cathedral (officially, the Cathedral Church of St. Peter and St. Paul) was completed after 83 years of construction. Begun in 1907, the Gothic edifice had been used in its incomplete form since 1912.
1991-snow began in Caribou, ME at 8:35 p.m. on the29th and ending at 2 am on the 30th with 2.5 inches accumulating.
1994 - The Pointer Sisters receive a star on the Hollywood Walk of Fame. The star on Hollywood Boulevard was originally set to be unveiled in January, but an earthquake struck Los Angeles three days before the scheduled ceremony. The Pointers are the first African-American female music group to receive the honor.
1996-Astros Retiren's Number. The Houston Astros retired uniform number 34 in honor of their former pitcher, Nolan Ryan, who played for Houston for nine seasons.
The ceremony made Ryan the only player to have his number retired by three teams, the California Angeles, adn the Texas Rangers having previously accorded him the honor.
2001-Some 7,000 people marched for peace in Washington DC while an estimated 7-10 thousand marched in San Francisco. They marched to mourn terrorist victims, and to urge the nation to heal poverty and injustice that fuels global violence instead of focusing on military revenge.
2002--- Barry Bonds sets a new season mark for on-base percentage with a .582 OBP. The 38-year old Giant left fielder, who became the oldest first-time winner of a batting title hitting .370, easily surpassed the 1941 mark established by Ted Williams with a .553 OBP.
2004 ---Major League Baseball announces Washington D.C. will become the new home of the Montreal Expos in time for the 2005 season. The nation's capital, which was chosen over finalists including Las Vegas and Northern Virginia, will have baseball first time in 33 years since the expansion Senators left in 1971 to become the Texas Rangers.
[headlines]
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Baseball Poem
Touching All Bases
Poems from Baseball
Tim Peeler
www.mcfarlandpub.com
That Home Run Feeling
tired and poisoned by yellow jacket stings,
go for a hard run through the ripe dark July night,
strides shortened, quickened,
lap by ill-lit lap
in rain-plowed sand
that tightens a muscle against the pull of a worn shoe,
circling the pale glow of Little League baseball field,
enamored by the plink of metal bats,
the hearty high-pitched cheers,
circling as they circle a tauter diamond
in a high geometry of runs;
eighteen-fifteen the park announcer drawls
and I am drawn to the memory of my own Little League experience playing that 60's cinema
as I suck humidity by the round ball court
where rapper wannabes
work their slant rhymes and turnover dribbles,
and a tired backboard shivers.
Leaving now, I consider
the perfect orange moon
hanging for a moment on the light pole
above silent horseshoe pits,
and just for one splendid moment
I have that home run feeling again.
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SuDoku
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
http://leasingnews.org/Soduku/soduko-main.htm
[headlines]