By Heather Leighton Published 5:36 am, Wednesday, March 28, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-5', placement: 'Interstitial Gallery Thumbnails 5', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-10', placement: 'Interstitial Gallery Thumbnails 10', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-15', placement: 'Interstitial Gallery Thumbnails 15', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-20', placement: 'Interstitial Gallery Thumbnails 20', … [Read more...] about Lake Austin mansion breaks records with $12.3 million sale
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This huge estate on Lake Austin sold for a record-breaking $12.3 million
A luxury estate on Lake Austin has sold for $12.3 million, a record for a residential property in Austin, its listing broker said Thursday. The home, at 3901 Watersedge Drive, had been listed for $12.95 million. “A sale of this magnitude is thrilling for Austin,” said DMTX Realty’s Dave Murray, who represented the seller, Casa 41 Trust, along with agent Mons Anderson. “It shows that ultra-luxury home buyers consider Central Texas to be an in-demand location to invest.” The next highest residential sale was 3201 Westlake Drive, which sold for $11.5 million in 2016, local Multiple Listing Service records show. The only properties in Austin to sell for a higher price than the Watersedge estate were ranch properties of more than 128 acres, Murray said. The Watersedge price could be eclipsed if another waterfront home currently on the market — that of Austin tech entrepreneur Philip Berber and his wife Donna — sells for its list price. … [Read more...] about This huge estate on Lake Austin sold for a record-breaking $12.3 million
King Pharma Pay Rises 12.3%; CEO Markison Got $100,000 in Personal Jet Rides
Last Updated Apr 24, 2009 10:22 AM EDT Executive pay at King Pharmaceuticals rose 12.3 percent in 2008 even though the company's stock -- with which pay is supposed to be aligned -- stayed flat. Despite the drama of the AlPharma acquisition, King had a mixed year in 2008, on balance. Revenues were down 26 percent to $1.5 billion and the company posted a net loss of $333 million, primarily due to the cost of the buyout. But cash on hand increased nearly $1 billion. The stock finished pretty much where it started, in the mid $10 range. The stock performance is important, according to the company: ... the interests of executives should be closely aligned with those of shareholders through equity-based compensation... But the value of CEO Brian A. Markison's compensation package increased 8.9 percent to $7 million, according to an SEC filing. He was also given nearly $100,000-worth in personal use of the company aircraft, the filing states. (That's a photo of the King jet, a Dassault … [Read more...] about King Pharma Pay Rises 12.3%; CEO Markison Got $100,000 in Personal Jet Rides
Consumer borrowing up $12.3 billion in November
WASHINGTON - Americans increased their borrowing in November, led by continued gains in auto and student loans. The Federal Reserve says consumers increased their borrowing by $12.3 billion in November to a seasonally adjusted $3.09 trillion. That is a record level and follows an October increase of $17.9 billion. Almost all of the November increase came from an $11.9 billion rise in borrowing for auto loans and student loans. Borrowing in the category that covers credit cards ticked up only $457.8 million after surging in October. Credit card borrowing plunged after the Great Recession and consumers remain cautious about taking on high-interest debt. It has gradually increased to its highest level in more than three years, but it's still 16 percent below its peak of more than $1 trillion reached in 2008. … [Read more...] about Consumer borrowing up $12.3 billion in November
Cashner pitches 6 solid innings, hits 1st career HR in Padres’ 12-3 win over Diamondbacks
PHOENIX — Andrew Cashner threw six solid innings and hit his first career home run to help lead the San Diego Padres to a 12-3 victory over the Arizona Diamondbacks on Saturday night. Chris Denorfia and Chase Headley added back-to-back home runs, Yonder Alonso drove in four runs and Carlos Quentin had three RBIs for the Padres, who have won two of their last three and four of six. Cashner (7-5) allowed three runs on four hits, walked five and struck out five for his second straight win, both coming during a 10-game road trip. Paul Goldschmidt and Miguel Montero homered for the Diamondbacks, who had their brief, two-game winning streak snapped. San Diego managed only three hits off Arizona starter Tyler Skaggs (2-3), but took advantage of the rookie left-hander's lack of control to open an 8-1 lead after four innings. With the game tied 1-1, Skaggs retired the first two batters he faced in the third. But he walked Denorfia, hit Headley with a pitch, walked Quentin to load the … [Read more...] about Cashner pitches 6 solid innings, hits 1st career HR in Padres’ 12-3 win over Diamondbacks