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Avian flu hits another African nation

first_imgApril 4, 2006 (CIDRAP News) – The H5N1 virus has sneaked across another border, making Burkina Faso the fifth African nation to lose poultry to the virus.H5N1 cases have been found on a “camp site” at Gampela, in the Saaba department of Kadiogo province, according to a report Burkina Faso officials filed with the World Organization for Animal Health (OIE). The site is about 6 miles from Ouagadougou, the capital. The report said 123 helmeted guinea fowl died. The cause was confirmed as H5N1 by an OIE reference laboratory in Padova, Italy.The Burkina Faso minister of animal resources, Toemoko Konate, announced the outbreak in a radio address yesterday that was reported by the United Nations Integrated Regional Information Network (IRIN) today.The small African nation is not prepared to cope with avian flu, international experts warned. Burkina Faso has about 32 million poultry, with 76% of them raised traditionally, IRIN reported.”Burkina is one of those countries that have particularly weak infrastructure,” said Maria Zampaglione, spokeswoman for the World Organization for Animal Health (OIE), as quoted in the IRIN story. It ranks as the world’s third poorest country in the UN Human Development index in 2005, the story noted.The country is also battling a meningitis outbreak, which has killed more than 750 people this year, IRIN added.The OIE and the UN Food and Agriculture Organization (FAO) will send a joint mission to the country to advise leaders there how to respond.Cameroon, Egypt, Niger, and Nigeria are the other African countries reporting poultry outbreaks to date.Meanwhile, Pakistan today issued a follow-up report that details two new avian flu outbreaks on commercial poultry farms, one in Charsada, North West Frontier Province, and another in Abbottabad, in the same province. More than 3,000 cases occurred, leading to the slaughter of more than 26,000 birds at the two farms, the report said. The H5N1 virus was first detected in Pakistan in late February.See also:Burkina Faso’s report to the OIEhttp://www.oie.int/downld/AVIAN%20INFLUENZA/A2006_AI.phpOIE follow-up report from Pakistanhttp://www.oie.int/downld/AVIAN%20INFLUENZA/Pakistan_AI_04_04_2006.pdflast_img read more

Preliminary Report Shows Q1 Net Income of 34 Million For Ocwen

first_img Share in Daily Dose, Data, Featured, News April 30, 2015 437 Views Ocwen Financial rebounded from a tumultuous 2014 that included legal troubles, multi-million dollar settlements, ratings downgrades, and several multi-billion sales of MSR portfolios with a preliminary Q1 2015 net income of $34 million, or $0.27 per share, according to an announcement from the company on Thursday afternoon.Atlanta-based Ocwen, one of the largest non-bank mortgage servicers in the nation, posted a total write-down of $546 million for the full year of 2014. In Q1 2014, the company reported a total net income of $60.5 million, or $0.43 per share. The company’s Q1 2015 preliminary revenue of $510.4 million represents a 7 percent year-over-year decline, and preliminary income from operations dropped from $202.1 million in Q1 2014 down to $132.1 million in Q1 2015. Meanwhile, preliminary cash flow from operating activities for Q1 totaled $323 million, a year-over-year increase of 65 percent.”I am proud of what we have accomplished as far as managing the business through this difficult transition period. We made great progress on our asset sale strategy, have returned to profitability and continue to generate substantial operating cash flow,” said Ron Faris, President and CEO of Ocwen. “However, I am not satisfied with only making $34 million in the quarter. We intend to do better.”Factors that influenced Ocwen’s pre-tax income during Q1 were as follows: A gain of $26.9 million from an MSR sale of Freddie Mac performing loans with an unpaid principal balance of $9.1 billion, a gain of $12.9 million on a sale of legacy performing and non-performing whole loans; an impairment charge of $17.8 million due to the fair market value decline of government-insured MSRs (which was primarily the result of the FHA lowering the mortgage insurance premiums by 50 basis points early in the year; monitor costs of $9.0 million; strategic advisor expenses and fair value-related charges of $8.4 million and $8.3 million, respectively. Also during Q1, Ocwen’s lending segment was responsible for generating $16.0 million of pre-tax income.The results Ocwen announced Thursday were preliminary; the company announced that it plans to file its 2014 Form 10-K and Q1 2015 Form 10-Q on or before May 29.center_img Earnings Reports Mortgage Servicers Ocwen Financial Profits 2015-04-30 Seth Welborn Preliminary Report Shows Q1 Net Income of $34 Million For Ocwenlast_img read more