Kobra Properties Files for Chapter 11 Protection, Vows to Emerge Even Stronger

Kobra Properties, a real estate development company, based in Roseville, California, has filed for protection through Chapter 11 reorganization, saying the move was needed to honor its financial obligations, protect its employees and restructure the company so it emerges even stronger. Company officials said the action comes in response to the worsening economic recession, a depressed real estate market and the tightening and tumultuous credit industry,... 

On the Cusp of Black Friday, Colliers International Issues Semi-Annual Retail Report, Showing Marked Weakness in Retail Real Estate as 2009 Approaches

The U.S. retail market has undergone a sea change not experienced in this country since the early 1980s, according to the bi-annual Retail Real Estate Report issued today by Colliers International, a leading global real estate services firm. Due to recessionary conditions, retail real estate will be significantly afflicted for the remainder of this year and well into 2009, according to Colliers. Several reasons drive this monumental slowdown in retail... 

Atlantic BancGroup, Inc. Announces Third Quarter 2008 Results

Atlantic BancGroup, Inc.the parent company of Oceanside Bank, with four locations in the Jacksonville Beaches and East Jacksonville, Florida, announced today its third quarter 2008 results. Oceanside Bank remains well capitalized under current regulatory guidelines, despite Atlantic BancGroup posting a net loss for the quarter ended September 30, 2008 of $839,000, a decline from consolidated net income of $201,000 in the same period of 2007. For the... 

Main Street Bailout for the Common Taxpayer

The CFO Advisory Group, Inc. is currently offering a Main Street Bailout package for the common taxpayer. Since the inception of the Federal Reserve Act of 1913, the country’s financial system has been heading toward today’s debt and credit crash by design. Our current monetary system’s never ending need for inescapable indebtedness has reached the end of its exponential curve. We as a society simply cannot produce or trade the required...