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HJ Sims' Refinancing Provides Debt Service Savings and Liquidity Relief to Established Arizona Senior Living Provider

FAIRFIELD, CT– HJ Sims (Sims), a privately held investment bank and wealth management firm founded in 1935, announced that on December 15, 2017, the firm closed a $19,000,000 refunding loan and arranged financing for a $5,000,000 non-revolving line of credit for Westminster Village, located in Scottsdale, AZ....

 

Trump And Lawmakers Got Cash From Payday Lenders, Then Weakened Lending Rules

Less than two months after President Donald Trump tapped his budget director to run the independent federal agency tasked with protecting U.S. consumers from harmful and predatory financial practices, the agency has moved to undo a rule intended to prevent payday lenders from preying on low-income Americans. The...

 

HJ Sims Leads Largest Refinancing for a Single Site Life Plan Community

FAIRFIELD, CT– HJ Sims (Sims), a privately held investment bank and wealth management firm founded in 1935, announced the closing of a financing for NewBridge on the Charles (NewBridge), located in Dedham, MA. The $236,300,000 financing, which closed on December 19, 2017, marked the largest fixed rate public bond...

 

First Nation chief says pot dispensary just a 'glorified drug dealer'

One step inside the trailer parked in a front yard and you get asked for identification proving you are over 19. You also need to sign up as a patient of First Nations Medicinal. But it's alright to just be a "recreational patient." http://www.cbc.ca/news/canada/sudbury/wahnapitae-first-nation-marij...

 

Sask. First Nation says it's ready to challenge province's pot jurisdiction

Some First Nation communities that were left off Saskatchewan's list of places eligible for a cannabis retail store say they may open stores anyway, challenging provincial jurisdiction over reserve land when it comes to pot. Nathan Pasap, Chief of White Bear First Nation, said the First Nation's leadership is...

 

Amid Sector Uncertainty, HJ Sims and Sims Mortgage Funding Provide Capital for Repositioning

FAIRFIELD, CT– HJ Sims (Sims), a privately held investment bank and wealth management firm founded in 1935, is pleased to announce the successful completion of a $12,505,000 financing in November 2017 for PA-LTC, an affiliate of the Guardian Foundation (Guardian). Guardian is a not-for-profit organization, which...

 

Oklahoma tribes make multimillion dollar investments in health care

Oklahoma City — Several tribes in Oklahoma are planning major investments in health care, including a Cherokee project that will be the largest joint venture in Indian Health Service's history. The Cherokee, Muscogee and Osage nations all are expanding their health facilities and planning to hire more providers....

 

Walmart raises starting wages, handing out bonuses

BENTONVILLE, Ark. — Walmart, the world’s largest private employer, is boosting its starting salary for U.S. workers to $11 an hour, giving a one-time cash bonus of up to $1,000 to eligible employees and expanding its maternity and parental leave benefits. The retailer said Thursday that changes to its compensation...

 

Bemidji Pioneer: Western Minn. Sam's Club among 63 to close nationwide

MOORHEAD, Minn. — Wayne Sander said things seemed busy at the Sam's Club in Moorhead since he got a job in the photo department just after Thanksgiving. That's why it came as a "complete shock" Thursday morning, Jan. 11, when he arrived for a 9 a.m. shift only to be told he and all other employees here will soon...

 

St. Regis Mohawk Tribe suspends wholesale tobacco licenses; tribe owed $103,745 in licensing fees

AKWESASNE -- The St. Regis Mohawk Tribe’s Compliance Department recently completed an investigation into the improper sale and distribution of New York State-issued cigarettes from mid-October to Dec. 1. The investigation found that three licensed vendors conducted transactions that did not comply with the...

 

How Allergan Continues to Make Drug Prices Insane

Jan. 1 isn't just a day for making New Year's resolutions and watching football. It's also become the day when the pharmaceutical industry unveils price increases, more or less en masse. The good news, as a number of pharma and biotech analysts have noted, is that the increases for 2018 are smaller than in the past....

 

Apple faces a shareholder backlash over what the iPhone may be doing to kids

Two major Apple shareholders are calling on the company to change how it approaches some of its youngest customers, alleging that the computing giant’s products risk causing long-term physical or mental harm to children. The shareholders, Jana Partners and the California State Teachers Retirement System, together...

 

Bemidji Pioneer: Bemidji man found dead between Lake Irving, Lake BemidjiDigi-Key one step closer to breaking ground on $300 million expansion in northern Minn.

THIEF RIVER FALLS, Minn. — Mayor Brian Holmer said the Thief River Falls City Council recently approved the equivalent of an environmental study to put Digi-Key Electronics one step closer to breaking ground on its $300 million expansion project. "It's a big step moving forward to the next level," he said. "It's...

 

First Nations in Saskatchewan question provincial jurisdiction over marijuana sales

Three Indigenous communities in Saskatchewan have been approved to apply for a licence to sell marijuana by the province of Saskatchewan following its cannabis policy announcement on Monday. Those communities are Onion Lake Cree Nation, Peter Ballantyne Cree Nation and Lac La Ronge Indian Band. http...

 

Twin Cities-area businesses look to cash in on Super Bowl LII

With Super Bowl LII less than four weeks away, Twin Cities businesses seek to use the country’s biggest sporting event to market their brands to a national audience. Super Bowl LII is expected to generate more than $400 million in new spending when it comes to U.S. Bank Stadium in Minneapolis on Feb. 4. — a...

 

Allergan plans to cut over 1,000 jobs as generic version of eye treatment nears market

Allergan said Wednesday it plans to cut more than 1,000 jobs as it braces for one of its bestselling drugs to face generic competition. Chief Executive Brent Saunders said in November that the company was preparing as though a generic version of Restasis, a dry-eye treatment, would launch in the beginning of the year....

 

S'Klallam Tribe moves closer to marijuana sales

KINGSTON — The Port Gamble S'Klallam Tribe could open a marijuana store as early as February after a compact with the state was approved last month by the Liquor and Cannabis Board. The agreement, which creates a framework for regulating marijuana sales, production, processing and laboratory testing on the tribe's...

 

Payday Lender May Have to Forfeit $491 Million

PHILADELPHIA (The Philadelphia Inquirer/TNS) - How much should a racketeering conviction cost a man who for years flouted Pennsylvania laws and preyed upon cash-strapped Americans to build one of the nation’s largest illegal payday-lending empires? More than $491 million, if the government has its way....

 

Main Line payday lender Hallinan may have to forfeit $491M

How much should a racketeering conviction cost a man who for years flouted state laws and preyed upon cash-strapped Americans to build one of the nation’s largest illegal payday-lending empires? More than $491 million, if the government has its way. http://www.philly.com/philly/news/pennsylvania/p...

 

Summit Brewing layoffs are the first in company's history

St. Paul’s Summit Brewing has laid off employees for the first time in its 32 years in business. Founder Mark Stutrud said a changing and crowded craft-beer industry was partially to blame for Wednesday’s layoffs, which amount to about 10 percent of the brewery’s formerly 100-person workforce....

 

Judge dismisses dozens of complaints against Santa Fe Natural Tobacco Co.

A federal judge in Albuquerque has dismissed more than two dozen complaints against Santa Fe Natural Tobacco Co., but allowed others to proceed against the maker of Natural American Spirit cigarettes, which is accused of purposely deceiving consumers into thinking the high-priced smokes are safer and healthier than...

 

ASV Holdings Inc. Opening Distribution Center in Grand Rapids

ST. PAUL – ASV Holdings Inc., a manufacturer of compact track and skid steer loaders for the construction market, is moving its parts distribution operations from Southhaven, Miss., to a new site near its corporate headquarters and manufacturing plant in Grand Rapids. The move, which will bring 13 jobs to the Itasca...

 

Minnesota attorney general to join lawsuit challenging 'net neutrality' rules

Minnesota Attorney General Lori Swanson plans to join a multi-state lawsuit challenging the federal government’s repeal of “net neutrality” rules. Swanson told supporters in an email that she and other attorneys general would sue over the Federal Communications Commission’s recent decision to roll back...

 

Here are the winners and losers of the new tax law

The Republican tax law just signed by President Trump benefits most American taxpayers, at least until key provisions sunset. Those gains, however, still fall mostly to the wealthy. That’s the conclusion of a look at the Tax Cuts and Jobs Act by the Tax Policy Center. https://www.marketwatch.com/s...

 

Is Congress expanding credit for the poor or enabling payday lenders?

Ken Rees has made a fortune selling loans with triple-digit interest rates to borrowers with poor credit history or no credit history. Over the years, he’s developed a knack for finding loopholes in usury laws in states that cracked down on so-called payday loans — a label that has morphed from describing...

 

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