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Want to head the Washington State Ferries? Now is the time to apply.

San Juan Visitors Bureau Who will be the new chief of Washington State Ferries? The State is in its second round of postings for the job, hiring a national search firm to help. Patti Payne[1] Columnist- Puget Sound Business Journal Email[2] | Twitter[3] The state has received 15 new applications to date from people who want to head Washington State Ferries[4]. The state Transportation Department was hoping to name a new chief in June to replace David Mosely[5], who stepped down in April after holding the position for six years. Interestingly, the department first posted the position under its formal title, "Assistant Secretary Washington State Ferries[6]." Many of the 80 applicants were people looking for administrative assistant jobs. “They read the word ‘secretary,’ and just applied,” said Lars Erickson[7], a departmet spokesman. That first list was narrowed down two a few names, including the interim chief, George Capacci[8], who has since taken his name off the list. Since then, state Transportation Secretary Lynn Peterson[9] re-posted the position and started a national search. The posting will be open until Aug. 31. A national recruiting firm will help with the search, though one hasn't yet been chosen. Patti Payne is a columnist for the Puget Sound Business Journal. She can be reached at 206-234-6827. References^ Patti Payne (feeds.bizjournals.com)^ Email (feeds.bizjournals.com)^ Twitter (twitter.com)^ Washington State Ferries (feeds.bizjournals.com)^ David Mosely (feeds.bizjournals.com)^ Washington State Ferries (feeds.bizjournals.com)^ Lars Erickson (feeds.bizjournals.com)^ George Capacci (feeds.bizjournals.com)^ Lynn Peterson (feeds.bizjournals.com)...
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Barclays launches new product for investing in women-led companies

Barclays[1] is launching a new product that provides investors exposure to companies led by women. The Barclays Women in Leadership Exchange Traded Notes will begin trading on the stock exchange July 10. The ETNs, which track the Barclays Women in Leadership Total Return Index, allow investors to see which US companies have gender-diverse executive leadership and governance. The WIL index will include companies with a female CEO or a board of directors that is at least 25 percent female. “Women are significantly underrepresented in corporate executive leadership, yet a growing body of third-party research suggests that gender-diverse leadership may correlate with relatively stronger corporate performance, as compared to companies with less gender-diverse leadership,” Barbara Byrne[2], Barclays vice chairman in investment banking, said in a statement. For more from Bizwomen.com, sign up for our free email newsletter.[3] References^ Barclays (www.bizjournals.com)^ Barbara Byrne (feeds.bizjournals.com)^ sign up for our free email newsletter. (www.bizjournals.com)...
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Meet the new captain of the Nashville chamber's economic development team

provided Courtney Ross, 39, is the incoming chief economic development officer of the Nashville Area Chamber of Commerce. Ross was promoted to succeed Janet Miller, who is leaving the chamber this summer after 21 years. Adam Sichko[1] Senior Reporter- Nashville Business Journal Email[2] | @NSHBIZSichko[3] | LinkedIn[4] The Nashville Area Chamber of Commerce[5] promoted from within to find its new chief economic development officer. Courtney Ross[6] is ascending to that role at a time when Nashville's economy is creating jobs at an almost-unrivaled pace, helping elevate Nashville's national profile to record heights. Ross, 39, succeeds Janet Miller[7], who is ending her 21-year chamber career. Miller has been named as the new CEO and managing partner of the local operation of Colliers International[8], which brokers the sale and lease of commercial real estate properties. The chamber represents more than 2,000 member companies in 15 counties. Miller had become one of Nashville's most visible and vocal proponents in her time as the chamber's chief economic development officer. "While (we) will miss the strong advocacy of Janet Miller[9], we are gaining a compelling leader in Courtney Ross[10]. It is a real tribute to the strength of the chamber staff that the leadership of this organization continues to rise from the ranks," said Milton Johnson[11], a chamber board member and president of HCA[12], the nation's largest for-profit hospital chain. Johnson and Mayor Karl Dean[13] co-chair Partnership 2020, which is the chamber's regional economic development effort. Ross has worked at the chamber for seven years. Most recently, she was vice president of existing business, which means she was on Miller's team, in charge of helping grow businesses already located in the Nashville market. Prior to joining the Nashville chamber, Ross was an associate at an economic development marketing firm. Ross was also director of corporate…
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SunTrust to pay up to $300M to settle HAMP claims

Bloomberg photo Atlanta-based SunTrust (NYSE:STI) has $1.4 billion in deposits in the Charlotte metro area, making it the local market's fifth-largest bank. Phil W. Hudson[1] Staff Writer- Atlanta Business Chronicle Email[2] | Twitter[3] | LinkedIn[4] | Facebook[5] SunTrust[6] Mortgage Inc. will pay up to $300 million to settle claims related to its administration of the federal Home Affordable Modification Program, including complaints it misled homeowners. According to a filing with the Securities and Exchange Commission[7] on Thursday, the settlement includes up to $274 million in consumer remediation, $20 million to fund housing counseling for homeowners, $10 million paid toward restitution to Fannie Mae[8] and Freddie Mac[9], and a cash payment of $16 million to the U.S. Treasury. Atlanta-based SunTrust Banks Inc.[10] (NYSE:STI) expects to take a $204 million pre-tax charge in connection with the settlement. According to the SEC filing, several government agencies “investigated SunTrust in connection with complaints that it misled homeowners who sought mortgage relief from SunTrust through HAMP.” The complaints alleged SunTrust made misrepresentations and omissions regarding how long it would take to make a decision on whether borrowers qualified for HAMP, the duration of the HAMP “trial period” and how borrowers would be treated while on a trial period. After an investigation, SunTrust and the government agreed “that there were numerous deficiencies in SunTrust’s administration of the HAMP program from March 2009 through at least December 2010. Among other things, statements made by SunTrust to its customers were not accurate, and thousands of homeowners who applied for a HAMP modification with SunTrust suffered harms that included damage to their credit scores, excessive capitalized interest, and the deprivation of the borrower’s ability to make an informed choice about how to save or dispose of his or her home.” Phil W. Hudson is a finance, banking and general…
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Colorado's Keating Capital to change name, ticker in sale of Keating Investments

Kathleen Lavine|Denver Business Journal Timothy Keating, CEO of Keating Capital, which is now known as BDCA Venture Inc. Heather Draper[1] Reporter- Denver Business Journal Email[2] | Google+[3] | Twitter[4] | Finance Etc. blog[5] Keating Capital[6] Inc. said Tuesday that members of its investment adviser, Keating Investments LLC, sold 100 percent of their issued and outstanding equity interests of Keating Investments to New York-based BDCA Adviser. BDCA Adviser is a wholly owned subsidiary of AR Capital LLC and is the external investment adviser to Business Development Corporation of America (BDCA), a nontraded, closed-end investment company. AR (American Realty) Capital is a private equity real estate investing firm. As result of the July 1 transaction, Keating Investments became a wholly owned subsidiary of BDCA Adviser and its name was changed to BDCA Venture Adviser LLC. In addition, Greenwood Village-based Keating Capital Inc. (Nasdaq: KIPO) changed its name to BDCA Venture Inc. The stockholders of Keating Capital Inc. will continue to own the same amount and type of shares in BDCA Venture Inc. Shares of BDCA Venture will continue to be listed on Nasdaq and will begin trading under the new ticker “BDCV” on Wednesday. Keating Capital did not raise any capital or issue any new securities in connection with the transaction. “Over the longer term, BDCA Venture has the potential to benefit from access to capital by being part of the AR Capital platform,” said Timothy Keating[7], CEO of the company now known as BDCA Venture. “This could potentially result in an increased capital base, increased investment sizes, more opportunities to act as a lead investor, increased deal flow, and increased visibility and brand recognition.” Keating, Kyle L. Rogers[8] and Frederic M. Schweiger[9] will continue to manage the day-to-day operations of the company and will remain employed with BDCA Venture Adviser. Heather…
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Mastro chartered private jet from Toronto to Portugal

Stephen Brashear A jeweled handbag in the form of a bunch of asparagus was among the items seized from the Mastros in France, where they were arrested in 2012. Michael R. Mastro and his wife Linda fled North America in a charter jet in 2011, according to the bankruptcy trustee in the Mastro case. Marc Stiles[1] Staff Writer- Puget Sound Business Journal Email[2] | Twitter[3] A court filing by attorneys for James Rigby[4], the bankruptcy trustee who's been pursuing Michael R. Mastro[5] for years, spells out how the Seattle real estate magnate fled North America. Rigby alleges that on July 18, 2011, Mastro called the office of Investco[6] Financial Corp. and requested that $94,500 be transferred to his recently opened bank account in Toronto. Officials of Investco, with the approval of company founder Michael J. Corliss[7], then took steps to have the money wired from Heritage Bank[8] in Puyallup, states a complaint against Corliss by Rigby. The complaint goes on to state that Mastro used $66,525 to charter a private jet to fly him, his wife Linda[9], and their three dogs from Toronto to Portugal on July 25, 2011. In addition, Mike Mastro[10] used $2,555 of the funds to ship his Range Rover from Toronto to Portugal. The rig arrived in Europe on Aug. 8, 2011. The funds and related activities of Investco, Corliss and Corliss' assistant "enabled Mastro to leave and flee the United States through Canada in defiance of a bankruptcy court order," states a complaint by Rigby, which seeks more than $2 million from Corliss and Investco. The Mastros were arrested in France in 2012. The Range Rover, along with jewelry and designer clothes, were auctioned off by the bankruptcy estate[11] on Thursday in Kenmore. Marc Stiles covers commercial real estate and government for the Puget Sound…
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