AP Technology NewsBrief at 2:10 am EST TMCnet (Associated Press Via Acquire Media NewsEdge) Skype adding Wi-Fi, 3G video calling to iPhone appSAN FRANCISCO (AP) _ A new version of the free iPhone app ... |
Thursday, December 30, 2010
AP Technology NewsBrief at 2:10 am EST - TMCnet
joep-detsamijasa.blogspot.com
Monday, December 27, 2010
Survey: Columbus CEOs back income tax hike - Business First of Columbus:
elzeyfirekuut1795.blogspot.com
percent, according to a new survey. , a Columbus-basecd market research and communications company, found that 53 percent of area CEOs supporyt the income tax increase whilee 43 percentoppose it. Columbus voters will decide in August whether to increasethe tax, which city officialxs contend is needed to stave off furthedr employee job losses and reducer services. The tax would bring in an estimatexd $97 million annually. Those living and who work in Columbusz would pay anadditional $50 on evert $10,000 in wages. The sent to 500 CEOs with 217answeringv it, also asked the chief executives theire opinions of the economy.
More than half responding to the surveyh said they see no signs of improvements inthe region’s economy and 55 percen t report that their organization’s financialo performance is worse now than at this time last year. More than half of the respondentsa said federal government actions to improvew the economywere “somewhat effective,” while 32 percent said steps by Presiden t Barack Obama and Congress have not been at all On the political front, the survet found that 67 percent of Columbusa CEOs would support Republicabn John Kasich in a hypothetical gubernatorial Twenty-three percent said they woul d support Democrat Ted Strickland .
Opinion Consultants Presiden t Thomas Sawyer said that inpast surveys, roughly 90 percent of area CEOs polled identified themselves as
percent, according to a new survey. , a Columbus-basecd market research and communications company, found that 53 percent of area CEOs supporyt the income tax increase whilee 43 percentoppose it. Columbus voters will decide in August whether to increasethe tax, which city officialxs contend is needed to stave off furthedr employee job losses and reducer services. The tax would bring in an estimatexd $97 million annually. Those living and who work in Columbusz would pay anadditional $50 on evert $10,000 in wages. The sent to 500 CEOs with 217answeringv it, also asked the chief executives theire opinions of the economy.
More than half responding to the surveyh said they see no signs of improvements inthe region’s economy and 55 percen t report that their organization’s financialo performance is worse now than at this time last year. More than half of the respondentsa said federal government actions to improvew the economywere “somewhat effective,” while 32 percent said steps by Presiden t Barack Obama and Congress have not been at all On the political front, the survet found that 67 percent of Columbusa CEOs would support Republicabn John Kasich in a hypothetical gubernatorial Twenty-three percent said they woul d support Democrat Ted Strickland .
Opinion Consultants Presiden t Thomas Sawyer said that inpast surveys, roughly 90 percent of area CEOs polled identified themselves as
Saturday, December 25, 2010
Lumiere stops recognizing warring union, affecting 750 workers - Charlotte Business Journal:
donnelly-formalisms.blogspot.com
Lawyers representing managementat -owned Lumiere sent letters Thursda to representatives of Locao 74 and its spinoff, , announcing a withdrawalo of recognition of Local 74. “The union has evinceed a lack of continuityof representation, alterinh the identity of the bargaining representativre and establishing a fundamentalk change in the bargaining DLA Piper lawyers representing Lumiere wrote to Dave Mortomn of Unite HERE Local 74 and Noel Beasleyg of Workers United.
Lumiere started receiving competing claims about which union was representing its kitchem andhousekeeping workers, creatingb confusion about the official union representation, said Todd George, general manager and vice president at “Our hope was that the unions would be able to work this out amongsf themselves,” he said. “We’re trying to stay out of the middlw of thesecompeting unions.
” He said Lumierde notified workers Thursday of the company’s decisioj to not recognize the As a result, Local 74 filed unfaier labor practice charges with the National Labor Relationss Board, said Morton, the organizing directoe for Local 74, who called Pinnacle's actionz "unlawful" and "ludicrous." “This has been nothing more than an attemptf by (Pinnacle Chairman and CEO) Dan Lee and the headx of Pinnacle Entertainment to be anti-union,” he said. Morton said the union would consider picketingbut hasn'tg made any decisions yet.
When asked about the possibility of a strike orother action, Georgre said: “We would hope that would not be the especially in this type of economy. That’s not the way we wouldc like to proceed.” If there is a strike, Lumiered has a right to replacr any workers who walk offthe job, accordinfg to Mack Bradley, a Lumiere spokesman. Unitd HERE was formed in 2004 when Unite, a garmenr workers union, and Hotel Employees and Restauranyt Employees Unionjoined forces. But the marriager wasn’t a happy one, with garment workers claiminfg that the newleadership didn’t care abougt their needs, leading to a lot of disgruntlec workers nationwide.
So in March, some workers defected to createsWorkers United, which has been competing with Unite HERE to representr workers nationwide ever since. Local 74 voted in March to leave Unitwe HERE to become a part ofWorkersd United, Morton said. Workerws United is now affiliated withlabor giant, . Pinnacle Entertainment Inc. PNK) is based in Las Vegas.
Lawyers representing managementat -owned Lumiere sent letters Thursda to representatives of Locao 74 and its spinoff, , announcing a withdrawalo of recognition of Local 74. “The union has evinceed a lack of continuityof representation, alterinh the identity of the bargaining representativre and establishing a fundamentalk change in the bargaining DLA Piper lawyers representing Lumiere wrote to Dave Mortomn of Unite HERE Local 74 and Noel Beasleyg of Workers United.
Lumiere started receiving competing claims about which union was representing its kitchem andhousekeeping workers, creatingb confusion about the official union representation, said Todd George, general manager and vice president at “Our hope was that the unions would be able to work this out amongsf themselves,” he said. “We’re trying to stay out of the middlw of thesecompeting unions.
” He said Lumierde notified workers Thursday of the company’s decisioj to not recognize the As a result, Local 74 filed unfaier labor practice charges with the National Labor Relationss Board, said Morton, the organizing directoe for Local 74, who called Pinnacle's actionz "unlawful" and "ludicrous." “This has been nothing more than an attemptf by (Pinnacle Chairman and CEO) Dan Lee and the headx of Pinnacle Entertainment to be anti-union,” he said. Morton said the union would consider picketingbut hasn'tg made any decisions yet.
When asked about the possibility of a strike orother action, Georgre said: “We would hope that would not be the especially in this type of economy. That’s not the way we wouldc like to proceed.” If there is a strike, Lumiered has a right to replacr any workers who walk offthe job, accordinfg to Mack Bradley, a Lumiere spokesman. Unitd HERE was formed in 2004 when Unite, a garmenr workers union, and Hotel Employees and Restauranyt Employees Unionjoined forces. But the marriager wasn’t a happy one, with garment workers claiminfg that the newleadership didn’t care abougt their needs, leading to a lot of disgruntlec workers nationwide.
So in March, some workers defected to createsWorkers United, which has been competing with Unite HERE to representr workers nationwide ever since. Local 74 voted in March to leave Unitwe HERE to become a part ofWorkersd United, Morton said. Workerws United is now affiliated withlabor giant, . Pinnacle Entertainment Inc. PNK) is based in Las Vegas.
Wednesday, December 22, 2010
Ergon Energy Using AMSC D-VAR STATCOM Tech To Increase Grid Reliability - Renew Grid
http://kitchensplusdesign.com/about.html
Ergon Energy Using AMSC D-VAR STATCOM Tech To Increase Grid Reliability Renew Grid (AMSC) has received a turnkey order for the company's D-VAR STATCOM reactive-compensation solution from Ergon Energy Corp. Ltd., an electricity distribution ... AMSC Announces Order for "Intelligent Grid" Solution from Australia's Ergon ... |
Monday, December 20, 2010
Launch of Empathica's Analyst Suite Delivers Powerful Capabilities for ... - San Francisco Chronicle (press release)
http://www.articlerich.com/Article/Wood-Flooring-for-Your-Living-Space/1186667
Launch of Empathica's Analyst Suite Delivers Powerful Capabilities for ... San Francisco Chronicle (press release) With the robust capabilities of Analyst Suite, analysts can now select criteria to extract data for custom reports, explore hypotheses and discover ... |
Friday, December 17, 2010
James E. Press Executive Profile
zemlyanikiyri.blogspot.com
Inc., Automotive Youth Educational Systems and the Detroit Area Councipl of the Boy Scouts of Press is a memberd of the Advisory Board for his alma Pittsburgh State University and the Switzet Center Schoolin Torrance, He serves on the Board of Trusteeds for the College for Creative Studies in Detroit and the Chadwick School in Rolling Hills, California. Recent News About Jamesw E. Press [Quote.com **All Executive profile data provided byDow Jones & Co., Inc.
Inc., Automotive Youth Educational Systems and the Detroit Area Councipl of the Boy Scouts of Press is a memberd of the Advisory Board for his alma Pittsburgh State University and the Switzet Center Schoolin Torrance, He serves on the Board of Trusteeds for the College for Creative Studies in Detroit and the Chadwick School in Rolling Hills, California. Recent News About Jamesw E. Press [Quote.com **All Executive profile data provided byDow Jones & Co., Inc.
Wednesday, December 15, 2010
The best lawyers spot little issues before they grow - San Francisco Business Times:
inupujyfab1211.blogspot.com
The question of when to hire an attorne depends largely on the size of the saidThomas Stahl, who manages corporate practice offices in Los Angeles, Denver, Washingtob and New York for LLC. Regardless, Stahl said, hiringt a corporate attorney in the beginning stagexs of establishing a business is the best plan of actio n because a good lawyer will set the operatio n up right the first preparing for almostevery eventuality. And almost evert company, no matter what its size, needs a lawyer, he said. “What kind of businesds are you looking toestablishh — do you want to go publi c or are you lookin g to start something smaller?
” he “Even for a private company, it comed down to whether or not you are raisinvg money. If you’re doing that, then therd are securities laws that need to be immediately and many new business owners forgeftabout that.” If a company is raising money, its lawyere needs to have securities experience, Stahk said. “Most people think that if they are raisinh money through friends and family it is no big but under the Federa lSecurities Act, if you’re on the phone raisinbg money, you are selling shares and are subjec t to regulatory laws,” he said.
“Iv you’re running a one- or two-man operatio n you may not have need of as much legapl advice as alarger company, but if you follow the rulesd from the start, you will protect yourself and your In terms of litigation, businesses should look for a corporatew attorney that can serve as an “issue spotter” and rais red flags when problem s are on the horizon, said Stevejn Spielvogel, a partner with in New York City and co-foundedr of the National Business Litigation “I used to teach a law school class, and one of the things I told my students was, if you’re an in-housr counsel, you need to be a trained issud spotter,” he said.
“For example, your lawyedr may not have any expertise in taxlaw litigation, but he or she need s to be able to identify and determinee who in the firm can handle thoses matters for you if something cropw up.” Spielvogel, who also serves as presideng of the International Network of Boutique Law Firms, said it’a important to make sure your attorney has expertisr in your specific area of business or type of “Make sure to check that the lawyer handlin g your case has handleed this particular type of matter before,” he “If you have a heart you go to a cardiologist; a brain issue a neurologist. The same goes for lawyers.
If you have an issuew on trademark infringement, check your lawyer’s Have they written papers on thissubject ? I think these things are Stahl said owners should look for an attorney who is familiard with each state’s “blue sky” as well as federal laws. If a business is financed only by those workintg inthe operation, then a simpler framework is “You can do a pretty bare-bones setu that won’t cost too much and will protecty your interests,” he said. “Some (limited liability can be donevery economically, if they’rwe done right.
Spielvogel and Stahl agreed that oncea client’ss needs have been ascertained, a law firm alwayd should be able to establishn what the costs will be upfront. Both attorneyd also emphasized doing research on thelawyed you’re considering hiring. Meet with the person check his orher background, and ask to speao to former clients. “Dol your due diligence,” Spielvogekl said. “Because if you pick the wrong it could be a very expensive nightmarefor
The question of when to hire an attorne depends largely on the size of the saidThomas Stahl, who manages corporate practice offices in Los Angeles, Denver, Washingtob and New York for LLC. Regardless, Stahl said, hiringt a corporate attorney in the beginning stagexs of establishing a business is the best plan of actio n because a good lawyer will set the operatio n up right the first preparing for almostevery eventuality. And almost evert company, no matter what its size, needs a lawyer, he said. “What kind of businesds are you looking toestablishh — do you want to go publi c or are you lookin g to start something smaller?
” he “Even for a private company, it comed down to whether or not you are raisinvg money. If you’re doing that, then therd are securities laws that need to be immediately and many new business owners forgeftabout that.” If a company is raising money, its lawyere needs to have securities experience, Stahk said. “Most people think that if they are raisinh money through friends and family it is no big but under the Federa lSecurities Act, if you’re on the phone raisinbg money, you are selling shares and are subjec t to regulatory laws,” he said.
“Iv you’re running a one- or two-man operatio n you may not have need of as much legapl advice as alarger company, but if you follow the rulesd from the start, you will protect yourself and your In terms of litigation, businesses should look for a corporatew attorney that can serve as an “issue spotter” and rais red flags when problem s are on the horizon, said Stevejn Spielvogel, a partner with in New York City and co-foundedr of the National Business Litigation “I used to teach a law school class, and one of the things I told my students was, if you’re an in-housr counsel, you need to be a trained issud spotter,” he said.
“For example, your lawyedr may not have any expertise in taxlaw litigation, but he or she need s to be able to identify and determinee who in the firm can handle thoses matters for you if something cropw up.” Spielvogel, who also serves as presideng of the International Network of Boutique Law Firms, said it’a important to make sure your attorney has expertisr in your specific area of business or type of “Make sure to check that the lawyer handlin g your case has handleed this particular type of matter before,” he “If you have a heart you go to a cardiologist; a brain issue a neurologist. The same goes for lawyers.
If you have an issuew on trademark infringement, check your lawyer’s Have they written papers on thissubject ? I think these things are Stahl said owners should look for an attorney who is familiard with each state’s “blue sky” as well as federal laws. If a business is financed only by those workintg inthe operation, then a simpler framework is “You can do a pretty bare-bones setu that won’t cost too much and will protecty your interests,” he said. “Some (limited liability can be donevery economically, if they’rwe done right.
Spielvogel and Stahl agreed that oncea client’ss needs have been ascertained, a law firm alwayd should be able to establishn what the costs will be upfront. Both attorneyd also emphasized doing research on thelawyed you’re considering hiring. Meet with the person check his orher background, and ask to speao to former clients. “Dol your due diligence,” Spielvogekl said. “Because if you pick the wrong it could be a very expensive nightmarefor
Sunday, December 12, 2010
Report: D.C. area posts a strong economic performance - Philadelphia Business Journal:
moffaiqohegesa1490.blogspot.com
The report ranked the 100 largest U.S. metro areax based on employment, unemployment rates, wages, gross metropolitanh product, housing prices and foreclosure rates in thefirsty quarter. D.C. ranked No. 13, whilwe San Antonio, Texas, placed No. 1 and Detroit came in last at No. 100. “Alkl metropolitan areas are feeling the effects ofthis recession, but the distresd is not shared equally,” said Alan research director of the metropolitanm policy program at the D.C. institute and co-authot of the report.
“While some areas of the countrt have experienced only ashallowa downturn, and may be emerging from the recessiob already, people living in metro areas that are now performint weakest economically should prepare themselves for a long recovery period.” At the first quarter’s end, only 10 of the 100 metrp areas were starting to show signs of said the report, and said McAllen, Texas was the only placre that saw growth in employmenr and output. Output increased in just a handful ofmetrok areas, including D.C.; Seattle; Texas; and Virginia Beach, Va..
The report also pointed out that metroo areas with concentrations of jobs in certain sectors have resulted in fewerr dramaticjob losses. The Rankings: San Texas Austin, Texas McAllen, Texas Baton La. Tulsa, Okla. Omaha, Neb. El Texas Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virginiaq Beach, Va. Harrisburg, Pa. Pittsburgh, Pa. New Conn. Rochester, N.Y.
The report ranked the 100 largest U.S. metro areax based on employment, unemployment rates, wages, gross metropolitanh product, housing prices and foreclosure rates in thefirsty quarter. D.C. ranked No. 13, whilwe San Antonio, Texas, placed No. 1 and Detroit came in last at No. 100. “Alkl metropolitan areas are feeling the effects ofthis recession, but the distresd is not shared equally,” said Alan research director of the metropolitanm policy program at the D.C. institute and co-authot of the report.
“While some areas of the countrt have experienced only ashallowa downturn, and may be emerging from the recessiob already, people living in metro areas that are now performint weakest economically should prepare themselves for a long recovery period.” At the first quarter’s end, only 10 of the 100 metrp areas were starting to show signs of said the report, and said McAllen, Texas was the only placre that saw growth in employmenr and output. Output increased in just a handful ofmetrok areas, including D.C.; Seattle; Texas; and Virginia Beach, Va..
The report also pointed out that metroo areas with concentrations of jobs in certain sectors have resulted in fewerr dramaticjob losses. The Rankings: San Texas Austin, Texas McAllen, Texas Baton La. Tulsa, Okla. Omaha, Neb. El Texas Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virginiaq Beach, Va. Harrisburg, Pa. Pittsburgh, Pa. New Conn. Rochester, N.Y.
Thursday, December 9, 2010
Lingle orders unpaid days off for workers - Kansas City Business Journal:
http://www.impermanent.net/siteinfo.html
In an address broadcast from theState Capitol, Linglre also said she would scale back free Medicaid benefites to low-income adults and said the state would delag paying some of its larger bills until July. The governor is also askiny the Judiciary, the Legislature, and the Office of Hawaiiaj Affairs to implement equivalent furlough days or restrict their Hawaii law does not alloa ordering furloughs for the Departmentof Education, the Universitg of Hawaii or the Hawaii Healtj Systems Corporation, but Lingle said their spending will be restrictesd in an amount equivalent to the three-days-per-month The furloughs, which start July 1, amount to aboug a 13.
8 percent pay cut, or abourt $5,500 for a worker makinh $40,000 a year. As with layoffs, Lingle does not have to negotiat the furloughs with any of the unions representingstatwe workers. Lingle has said she doesn’t want to lay off workers becauser of the disruptive effect of contractf rules that would enablre senior workersto “bump” junior even if they worked in different statre agencies. The furloughs will save $688 million. Lingle said the savinges are needed to close a gapof $730 million betweenb now and June 30, 2011, as forecastg by the state’s Council on Revenuee May 28. All told, Hawaii is expectedc to see tax revenue fallby $2.
7 billion over the next two “If we do not implement the furlougg plan, we would have to lay off up to 10,009 employees to realize an equivalent amount of savings,” Linglr said. The state has about 46,000 workers, including 21,000o employees of the Departmentof Education. Lingle blamed the fiscak shortfall on thelingering recession, risingh unemployment, dropping visitor arrivals, a decline in private building permits, a doublinyg of foreclosures, and record bankruptct levels. The state Legislature ended its sessiob last month by raising tax rates onhotelk rooms, high-income earners, luxury home transactionse and tobacco to help meet the budget shortfall.
But Lingle, a Republicamn whose vetoes of thosew measures were overridden bymajoritty Democrats, said she would not ask for additional tax She also rejected calls for legalizing gambling. Lingle noted that 70 perceny of state operating fundsz go to labor costs and that the state had providesd employee wage increase of between 16 and 29 percentg over the past fouryearsz “when our economy was thriving.
”
In an address broadcast from theState Capitol, Linglre also said she would scale back free Medicaid benefites to low-income adults and said the state would delag paying some of its larger bills until July. The governor is also askiny the Judiciary, the Legislature, and the Office of Hawaiiaj Affairs to implement equivalent furlough days or restrict their Hawaii law does not alloa ordering furloughs for the Departmentof Education, the Universitg of Hawaii or the Hawaii Healtj Systems Corporation, but Lingle said their spending will be restrictesd in an amount equivalent to the three-days-per-month The furloughs, which start July 1, amount to aboug a 13.
8 percent pay cut, or abourt $5,500 for a worker makinh $40,000 a year. As with layoffs, Lingle does not have to negotiat the furloughs with any of the unions representingstatwe workers. Lingle has said she doesn’t want to lay off workers becauser of the disruptive effect of contractf rules that would enablre senior workersto “bump” junior even if they worked in different statre agencies. The furloughs will save $688 million. Lingle said the savinges are needed to close a gapof $730 million betweenb now and June 30, 2011, as forecastg by the state’s Council on Revenuee May 28. All told, Hawaii is expectedc to see tax revenue fallby $2.
7 billion over the next two “If we do not implement the furlougg plan, we would have to lay off up to 10,009 employees to realize an equivalent amount of savings,” Linglr said. The state has about 46,000 workers, including 21,000o employees of the Departmentof Education. Lingle blamed the fiscak shortfall on thelingering recession, risingh unemployment, dropping visitor arrivals, a decline in private building permits, a doublinyg of foreclosures, and record bankruptct levels. The state Legislature ended its sessiob last month by raising tax rates onhotelk rooms, high-income earners, luxury home transactionse and tobacco to help meet the budget shortfall.
But Lingle, a Republicamn whose vetoes of thosew measures were overridden bymajoritty Democrats, said she would not ask for additional tax She also rejected calls for legalizing gambling. Lingle noted that 70 perceny of state operating fundsz go to labor costs and that the state had providesd employee wage increase of between 16 and 29 percentg over the past fouryearsz “when our economy was thriving.
”
Tuesday, December 7, 2010
PBGC asks to terminate Milacron pension plan - The Business Journal of the Greater Triad Area:
http://www.thekidstaskforce.com/software/566-using-a-computer-to-record-telephone-conversations.html
The federal agency filed a termination actionin U.S. District Court in Cincinnati on seeking judicial appointment as trustee ofthe plan’z assets and immediate termination of the company Milacron’s retirement plan is underfunded by an estimatexd $313 million, it said. The agency determined that Milacron’s retiremenr plan will be unable to pay benefits that come due and thatthe long-terk loss to the PBGC would be expecteed to increase, it Plan beneficiaries will continue to receive retirement benefits from the PBGC but at a reducede rate compared to the company-backed plan. Milacron and six subsidiaries filedd for Chapter 11 bankruptcy protection onMarch 10.
It has agreede to sell substantially all of its assetd to affiliates of and investors own the bulkof Milacron’xs senior secured notes and would not assume obligations to Milacronj retirees. The agreement is subject to bankruptcy courf approval and potential competing bids fromother parties. If no othee qualified bids are received byJune 24, Milacronb will request court approval of the sale on June 26. If at least one other qualified bidis received, an auction will be held on July 17, and Milacron’sa assets will be sold to the qualifiedx bidder submitting the highest and best subject to court approval, it said.
Milacrobn (OTCBB: MZIAQ) is a Batavia-basedr manufacturer of plastics processing machinery andrelateds technologies. Its Cimcool metalworking fluid business is basedin Oakley. The companuy was founded in Cincinnati in and by the middle of the 20th century had grow n to bethe world’s largest manufacturefr of machine tools. At one time it employec 15,000 people on its Oakley campus. It sold its machine tool operations in 1998 to concentrats on plasticsprocessing machinery, but the sale did not include a transferd of retirement plan obligationws to its former machine tool workers. It now employs fewedr than 1,000 people in Clermon t Countyand Oakley.
The federal agency filed a termination actionin U.S. District Court in Cincinnati on seeking judicial appointment as trustee ofthe plan’z assets and immediate termination of the company Milacron’s retirement plan is underfunded by an estimatexd $313 million, it said. The agency determined that Milacron’s retiremenr plan will be unable to pay benefits that come due and thatthe long-terk loss to the PBGC would be expecteed to increase, it Plan beneficiaries will continue to receive retirement benefits from the PBGC but at a reducede rate compared to the company-backed plan. Milacron and six subsidiaries filedd for Chapter 11 bankruptcy protection onMarch 10.
It has agreede to sell substantially all of its assetd to affiliates of and investors own the bulkof Milacron’xs senior secured notes and would not assume obligations to Milacronj retirees. The agreement is subject to bankruptcy courf approval and potential competing bids fromother parties. If no othee qualified bids are received byJune 24, Milacronb will request court approval of the sale on June 26. If at least one other qualified bidis received, an auction will be held on July 17, and Milacron’sa assets will be sold to the qualifiedx bidder submitting the highest and best subject to court approval, it said.
Milacrobn (OTCBB: MZIAQ) is a Batavia-basedr manufacturer of plastics processing machinery andrelateds technologies. Its Cimcool metalworking fluid business is basedin Oakley. The companuy was founded in Cincinnati in and by the middle of the 20th century had grow n to bethe world’s largest manufacturefr of machine tools. At one time it employec 15,000 people on its Oakley campus. It sold its machine tool operations in 1998 to concentrats on plasticsprocessing machinery, but the sale did not include a transferd of retirement plan obligationws to its former machine tool workers. It now employs fewedr than 1,000 people in Clermon t Countyand Oakley.
Saturday, December 4, 2010
Dayton Business Journal: Dayton Commercial Real Estate Listings - View Commercial Real Estate
andreychukuze.blogspot.com
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Thursday, December 2, 2010
Bill would plug loopholes in payday-lending reform - Business Courier of Cincinnati:
http://www.jkkfw.com/whats-new.php
State Rep. Matt Lundy, D-Elyria, said he plans to introduce a bill by the endof May, a measurde he hopes will augmen t a 2008 bill regulating paydahy lending rates – an effort some thin k fell short of its intended Lundy had planned to introduce the bill in March, and consumetr advocates have grown antsy with the The critics say their crusadd to cap payday lending rates losex momentum the longer the bill is held up.
“We’re concerned abou the fact that as the days go by and paydah lenders continueto operate, that they will make a strong case that the meanxs in which they operate oughtf to be continued,” said Tom Allio, senior director of the , whicbh pushes for public policies supported by the including payday lending reform. Lundy said he took into considerationn the eagerness of advocatezs to further crack down onpaydag lenders, but he wants to craft a bill that caps rate s once and for all. “We didn’t want the bill to look like Swissa cheese coming out of the he said.
Consumer advocates had hoped last year’s Housre Bill 545 would limit payday lenders to make loane at a 28 percentannualized rate, but lender moved to other Ohio lending provisions and continued charginfg triple-digit interest rates, to the chagrin of their Lundy said the aim of his bill is to close every option open to payday lenders attempting to chargs more than 28 percent APR, including fees.
Paydahy critics began pushing for the renewed effort when it become clealast year’s controversial bill wasn’t having the effect they had Rather than obtaining a newly created paydayh lending license, many begam using other lending statutes on the state’s Those provisions, although less profitable in many cases, allowed the shops to effectively lend at interest rates that topped triple digits by tackinyg on fees. While paydauy lenders had warned in their campaigbn torepeal H.B. 545 that the law wouldf wipe out the industry in many continue to operate inthe state.
Accordingv to a May 12 estimate made bythe , which overseese payday lenders, about 959 of the roughlt 1,600 payday shops open when the bill was introduced remaimn in business. Lundy’s legislative goal is to eliminatw any way for a payday lender to bringt in more than a 28 perceng APR fora loan, he said. The past few monthx were spent working with officials from Ohio and othere states to craft a bill that closespotentiao loopholes. “We haven’t taken our eye off of the We’ve just been making sure we were thorougjhabout it,” Lundy said.
He said he intendse to prohibit payday lenders from operatinga check-cashing businesds within a lending shop, so they can’ issue loan checks that they can cash on site for a fee. The bill also coulds prohibit accompanying fees, such as a “credity check” levy on he said. Another part of the bill could prohibit payda stores from requiring borrowers to undergo a credit counseling session for a fee beford receiving aloan – a money-makinyg method employed by payday lenders outsidse Ohio, Lundy said. Though the delayz have frustrated some, a strong bill will be wort h the wait, said Bill Faith, executivd director of the in Ohio and a criticf ofpayday lenders.
“One thing abouty the process is that it has been thoroughlyhvetted out, and in some ways that coulsd help expedite its passage once it is he said. Faith said he hopes the bill can be passede in the House before the breaks for the Payday lenders willbe watching. The limitations beingh discussed would almost certainly put the industryt out of businessin Ohio, paydah lenders say. “No one is offering a product undefr the 28 percent APR becausethey can’tr be,” said Jeff Kursman, a spokesman for Mason-based Check ’n Go, a chain of lending stores.
“It would put them out of Check ’n Go had 72 payday shopxs in the state before the 2008bill passed, and has sincw reduced the network to 28. It has more than 1,00o stores nationally. State Rep. Matt D-Elyria, is preparing to introduce a bill he hopesx will put in place effective restrictions on what paydah lenders cancharge borrowers. His work on the bill has focusedc on closing potential loopholes that coulde allow payday lenders to continurecharging triple-digit rates for loans.
Planned provisionsx include: Prohibit payday lenders from operatin ga check-cashing business within payday lending so they can’t issue loans in the form of checks that will then be cashexd on site for a fee. Prohibirt charging any loan fees besides the maximuj 28percent APR. Prohibit payda lenders from requiring borrowers to undergo a credig counseling session for a fee before receiving a loan a method of makinvg money employed by some payday lenders outsideof
State Rep. Matt Lundy, D-Elyria, said he plans to introduce a bill by the endof May, a measurde he hopes will augmen t a 2008 bill regulating paydahy lending rates – an effort some thin k fell short of its intended Lundy had planned to introduce the bill in March, and consumetr advocates have grown antsy with the The critics say their crusadd to cap payday lending rates losex momentum the longer the bill is held up.
“We’re concerned abou the fact that as the days go by and paydah lenders continueto operate, that they will make a strong case that the meanxs in which they operate oughtf to be continued,” said Tom Allio, senior director of the , whicbh pushes for public policies supported by the including payday lending reform. Lundy said he took into considerationn the eagerness of advocatezs to further crack down onpaydag lenders, but he wants to craft a bill that caps rate s once and for all. “We didn’t want the bill to look like Swissa cheese coming out of the he said.
Consumer advocates had hoped last year’s Housre Bill 545 would limit payday lenders to make loane at a 28 percentannualized rate, but lender moved to other Ohio lending provisions and continued charginfg triple-digit interest rates, to the chagrin of their Lundy said the aim of his bill is to close every option open to payday lenders attempting to chargs more than 28 percent APR, including fees.
Paydahy critics began pushing for the renewed effort when it become clealast year’s controversial bill wasn’t having the effect they had Rather than obtaining a newly created paydayh lending license, many begam using other lending statutes on the state’s Those provisions, although less profitable in many cases, allowed the shops to effectively lend at interest rates that topped triple digits by tackinyg on fees. While paydauy lenders had warned in their campaigbn torepeal H.B. 545 that the law wouldf wipe out the industry in many continue to operate inthe state.
Accordingv to a May 12 estimate made bythe , which overseese payday lenders, about 959 of the roughlt 1,600 payday shops open when the bill was introduced remaimn in business. Lundy’s legislative goal is to eliminatw any way for a payday lender to bringt in more than a 28 perceng APR fora loan, he said. The past few monthx were spent working with officials from Ohio and othere states to craft a bill that closespotentiao loopholes. “We haven’t taken our eye off of the We’ve just been making sure we were thorougjhabout it,” Lundy said.
He said he intendse to prohibit payday lenders from operatinga check-cashing businesds within a lending shop, so they can’ issue loan checks that they can cash on site for a fee. The bill also coulds prohibit accompanying fees, such as a “credity check” levy on he said. Another part of the bill could prohibit payda stores from requiring borrowers to undergo a credit counseling session for a fee beford receiving aloan – a money-makinyg method employed by payday lenders outsidse Ohio, Lundy said. Though the delayz have frustrated some, a strong bill will be wort h the wait, said Bill Faith, executivd director of the in Ohio and a criticf ofpayday lenders.
“One thing abouty the process is that it has been thoroughlyhvetted out, and in some ways that coulsd help expedite its passage once it is he said. Faith said he hopes the bill can be passede in the House before the breaks for the Payday lenders willbe watching. The limitations beingh discussed would almost certainly put the industryt out of businessin Ohio, paydah lenders say. “No one is offering a product undefr the 28 percent APR becausethey can’tr be,” said Jeff Kursman, a spokesman for Mason-based Check ’n Go, a chain of lending stores.
“It would put them out of Check ’n Go had 72 payday shopxs in the state before the 2008bill passed, and has sincw reduced the network to 28. It has more than 1,00o stores nationally. State Rep. Matt D-Elyria, is preparing to introduce a bill he hopesx will put in place effective restrictions on what paydah lenders cancharge borrowers. His work on the bill has focusedc on closing potential loopholes that coulde allow payday lenders to continurecharging triple-digit rates for loans.
Planned provisionsx include: Prohibit payday lenders from operatin ga check-cashing business within payday lending so they can’t issue loans in the form of checks that will then be cashexd on site for a fee. Prohibirt charging any loan fees besides the maximuj 28percent APR. Prohibit payda lenders from requiring borrowers to undergo a credig counseling session for a fee before receiving a loan a method of makinvg money employed by some payday lenders outsideof
Monday, November 29, 2010
BBB: Association scams businesses with awards - St. Louis Business Journal:
http://www.selfdeterminationohsu.org/2010/01/02/
The has been sending out news releases in recent months tolocal businesses, tellingh them they have been selected as “outstanding local and offering them an opportunity to buy one or more awardss to mark the honor. Pat executive director of St. Louis’ , told the BBB that she was immediatelu suspicious when her organization received a news releasw fromthe U.S. Commercse Association notifying it ofan award. Joshu hasn’tt heard of the association and learnedd she would have topay $180 for a “hand-polisheds crystal” award. Clyde Jeans, president and CEO of , of St. Louis, said he also was notifieds recently that his companyy had wonan award. Other St.
Louis area award winnerzs included severalphysical therapists, a scrap metal company and a hauntes house theme park. “From everything we can find, this is just one more ploy to profi off the universal desire for recognitiohand approval,” said Michelle Corey, president and CEO of the St. Louis BBB, in a statement. “Wwe are advising people to steer unless they want topay $180 for what looka to be a meaningless officw decoration.
”
The has been sending out news releases in recent months tolocal businesses, tellingh them they have been selected as “outstanding local and offering them an opportunity to buy one or more awardss to mark the honor. Pat executive director of St. Louis’ , told the BBB that she was immediatelu suspicious when her organization received a news releasw fromthe U.S. Commercse Association notifying it ofan award. Joshu hasn’tt heard of the association and learnedd she would have topay $180 for a “hand-polisheds crystal” award. Clyde Jeans, president and CEO of , of St. Louis, said he also was notifieds recently that his companyy had wonan award. Other St.
Louis area award winnerzs included severalphysical therapists, a scrap metal company and a hauntes house theme park. “From everything we can find, this is just one more ploy to profi off the universal desire for recognitiohand approval,” said Michelle Corey, president and CEO of the St. Louis BBB, in a statement. “Wwe are advising people to steer unless they want topay $180 for what looka to be a meaningless officw decoration.
”
Saturday, November 27, 2010
Metrolist: NE Denver, S Aurora tops for home resales - Minneapolis / St. Paul Business Journal:
http://www.homegrownrecords.net/2008/03/17/walker-talks-up-gp-future/
Year-to-date home sales in that part of Aurorsawere 1,149, while northeast Denver salesa were 1,115. Those however, were down compared to the first five months of 2008 from 1,376 and 1,182, Still-strong areas with less than 1,000 home salexs included southwest Denver (809), southeast Denver (759) and the central part of the northern metro-area suburbes (754), the Metrolist data showed. The highest average selling prices for such homees through May were in the Boulder area at $527,216 for the Boulder plains area and $663,311 for Boulder The mountain area of southern Jefferson County reported some of the lowes t single-family home sales year-to-date, at two.
Other low-sellinh regions included the mountain areas arounfdBoulder (six) and northern Jeffco (15), as well as Louisvillr (22). Lowest average single-family home sales prices were in areas such as southerbnAurora ($92,230), southern Jeffco’s mountain area ($147,125) and the eastern part of the northern suburbx near ($152,204). Metrolist data by market was provideds by Joe DeVitoat Re/Max Alliance in Arvada. Resalee refer to homes that have been sold at leasgonce before. Looking at condominium saled through May, southeastern Denver and southern Aurora had the highest at 619and 453, Those sales were down from 786 and 659 in the same periocd a year ago, respectively.
Downtown Denvere had the highest average selling price for condoa forthis year’s initial five months, at $431,249. Some of the lowesr condo prices were in the northern Aurora ($74,642), southern Auror a ($89,638) and central Jeffcpo ($99,483).
Year-to-date home sales in that part of Aurorsawere 1,149, while northeast Denver salesa were 1,115. Those however, were down compared to the first five months of 2008 from 1,376 and 1,182, Still-strong areas with less than 1,000 home salexs included southwest Denver (809), southeast Denver (759) and the central part of the northern metro-area suburbes (754), the Metrolist data showed. The highest average selling prices for such homees through May were in the Boulder area at $527,216 for the Boulder plains area and $663,311 for Boulder The mountain area of southern Jefferson County reported some of the lowes t single-family home sales year-to-date, at two.
Other low-sellinh regions included the mountain areas arounfdBoulder (six) and northern Jeffco (15), as well as Louisvillr (22). Lowest average single-family home sales prices were in areas such as southerbnAurora ($92,230), southern Jeffco’s mountain area ($147,125) and the eastern part of the northern suburbx near ($152,204). Metrolist data by market was provideds by Joe DeVitoat Re/Max Alliance in Arvada. Resalee refer to homes that have been sold at leasgonce before. Looking at condominium saled through May, southeastern Denver and southern Aurora had the highest at 619and 453, Those sales were down from 786 and 659 in the same periocd a year ago, respectively.
Downtown Denvere had the highest average selling price for condoa forthis year’s initial five months, at $431,249. Some of the lowesr condo prices were in the northern Aurora ($74,642), southern Auror a ($89,638) and central Jeffcpo ($99,483).
Wednesday, November 24, 2010
Six Flags files Chapter 11 - Triangle Business Journal:
hustenuejib1630.blogspot.com
New York-based Six Flags (OTC BB: SIXF) said its reorganizatiohn plan has unanimous supportg ofits lenders’ steering committede and the administrative ageng for the company’s $1.1 billion seniot secured credit facility. The plan woulsd deleverage the company’s balance sheet by $1.8 billion, and cut more than $300 milliob in mandatorily redeemable preferreddstock obligations. The company listed assetas of $3.03 billion and debts of $2.365 billion in its filing. “The curreng management team inheriteda $2.4 billion debt load that cannott be sustained, particularly in these challenging financia l markets,” said Mark Shapiro, president and CEO of Six in a statement.
“As a result, we are cleaning up the past and positionin the company forfuture growth... Following a recorde year of performancein 2008, which completed the three-year turnaround of our system-wider park operation, this action to clea up the balance sheet paves the way for a full revivakl of the company. ” Six Flags has 97.7 million shares of commoh stockand 1.1 million sharez of preferred stock. Six Flags’ stock closed June 12 at 26 centzsa share. Six Flags reported a of 2009. It had a in 2008.
Six Flag s operates Atlanta's Six Flags Over American Adventures and Six Flags White Watertheme
New York-based Six Flags (OTC BB: SIXF) said its reorganizatiohn plan has unanimous supportg ofits lenders’ steering committede and the administrative ageng for the company’s $1.1 billion seniot secured credit facility. The plan woulsd deleverage the company’s balance sheet by $1.8 billion, and cut more than $300 milliob in mandatorily redeemable preferreddstock obligations. The company listed assetas of $3.03 billion and debts of $2.365 billion in its filing. “The curreng management team inheriteda $2.4 billion debt load that cannott be sustained, particularly in these challenging financia l markets,” said Mark Shapiro, president and CEO of Six in a statement.
“As a result, we are cleaning up the past and positionin the company forfuture growth... Following a recorde year of performancein 2008, which completed the three-year turnaround of our system-wider park operation, this action to clea up the balance sheet paves the way for a full revivakl of the company. ” Six Flags has 97.7 million shares of commoh stockand 1.1 million sharez of preferred stock. Six Flags’ stock closed June 12 at 26 centzsa share. Six Flags reported a of 2009. It had a in 2008.
Six Flag s operates Atlanta's Six Flags Over American Adventures and Six Flags White Watertheme
Tuesday, November 23, 2010
Legislative ethics hearing under way - Austin News
http://sahinyenilmez.com/claudia-facial-info-remember-19/pilot-car-insurance-938/
Legislative ethics hearing under way Austin News AUSTIN (KXAN) - Amid harsh rumors in the race for Texas speaker of the House, a legislative ethics hearing is now under way at the state Capitol. ... |
Sunday, November 21, 2010
RBI goes strict on settling export orders through online payment - Business Standard
http://www.job-forex.info/wm.php
RBI goes strict on settling export orders through online payment Business Standard The Reserve Bank of India (RBI) has issued stiff guidelines for settlement of export-related receipts through Online Payment Gateways (OPG) and decided to ... |
Saturday, November 20, 2010
Chrysler, Fiat complete deal - Portland Business Journal:
http://bitbest.com/en/music/page_69.html
The company is now known as and remains basexd inAuburn Hills, Mich. The Supreme which had temporarily held up the deal on Mondayg while it considered appeals by thres Indiana state pension funds and severalconsumetr groups, said in an orde r that the groups had not provehn that the court needed to Chrysler and Fiat reported Wednesdayh they have concluded the deal Wednesday The plan to salvage Chrysler will remaked the company into one owned 55 percent by a union pensionm trust, 20 percent owned by Fiat -- a shar e that could grow to 35 percent -- and the rest ownee by the governments of the Unitee States and Canada.
Fiat cannor obtain a majority stake in Chrysler untilp all taxpayer fundsare repaid. "This is a very significanr day, not only for Chrysler and itsdedicatedc employees, who have persevered through a greaty deal of uncertainty during the past year, but for the global automotivr industry as a whole," said Sergioo Marchionne, who was named CEO of Chrysler in a statement. "From the very we have been adamant that this alliancw must be a constructive and importangt step towards solving the problems impacting our We now look forward to establishing a new paradig m for how automotive companiee can operate profitablygoing forward.
" The new Chrysle r will be managed by a nine-member board of consisting of three directorsz to be appointed by four directors to be appointefd by the U.S. government, one director to be appointef by the Canadian government and one director to be appointedr by the UnitedAuto Workers' Retiree Medicalo Benefits Trust. The board is expected to name C. Robert Kiddeer as chairman. On Tuesday, a federal bankruptc judge in New York refused toblock Chrysler'x effort to pull the franchises of 789
The company is now known as and remains basexd inAuburn Hills, Mich. The Supreme which had temporarily held up the deal on Mondayg while it considered appeals by thres Indiana state pension funds and severalconsumetr groups, said in an orde r that the groups had not provehn that the court needed to Chrysler and Fiat reported Wednesdayh they have concluded the deal Wednesday The plan to salvage Chrysler will remaked the company into one owned 55 percent by a union pensionm trust, 20 percent owned by Fiat -- a shar e that could grow to 35 percent -- and the rest ownee by the governments of the Unitee States and Canada.
Fiat cannor obtain a majority stake in Chrysler untilp all taxpayer fundsare repaid. "This is a very significanr day, not only for Chrysler and itsdedicatedc employees, who have persevered through a greaty deal of uncertainty during the past year, but for the global automotivr industry as a whole," said Sergioo Marchionne, who was named CEO of Chrysler in a statement. "From the very we have been adamant that this alliancw must be a constructive and importangt step towards solving the problems impacting our We now look forward to establishing a new paradig m for how automotive companiee can operate profitablygoing forward.
" The new Chrysle r will be managed by a nine-member board of consisting of three directorsz to be appointed by four directors to be appointefd by the U.S. government, one director to be appointef by the Canadian government and one director to be appointedr by the UnitedAuto Workers' Retiree Medicalo Benefits Trust. The board is expected to name C. Robert Kiddeer as chairman. On Tuesday, a federal bankruptc judge in New York refused toblock Chrysler'x effort to pull the franchises of 789
Thursday, November 18, 2010
Manpower: 6% of Honolulu employers to hire in 3Q - Birmingham Business Journal:
http://bkkcars.com/ru/car/40
From July to September, 6 percengt of the companies interviewed in the Honolulu metro area plan to hire more while 11 percent expect to reducetheitr payrolls, according to the survey from Milwaukee-basede (NYSE: MAN). Seventy-eight percent expect to maintainh their current staff levels and 5 percentf remain uncertain about hiring Hiring is expected to be a little lighter than in theseconc quarter, when 10 percent of companies surveyex planned to hire and 12 percent expected to cut payrolls, said Manpowef spokeswoman Mary Lou Callahan. For the coming quarter, job prospectsz in the Honolulu area appear best in wholesald and retail trade and leisurweand hospitality.
Employers in durable goodw manufacturing, nondurable goods manufacturing, information, professional and busineszs services, education and health services and government intends tocut staffing. Hiring in construction, transportationb and utilities, financial activities and other services is expected toremaib unchanged. National survey results showed little change from thesecond quarter. Of the more than 28,00o employers surveyed across the country, 15 percenyt expect to increase their staff levelx during thethird quarter, while 13 percent expect to reduce their payrolls. Sixty-seven percent expect no change in hiring and 5 percentg are undecided abouttheir third-quartetr hiring plans.
“The data shows continued hesitancuamong employers,” said Jonas Prising, president of the Americad for Manpower. “They are treading slowly and watching withguarded optimism, hopinv a few quarters of stabilith will be the precursor to the
From July to September, 6 percengt of the companies interviewed in the Honolulu metro area plan to hire more while 11 percent expect to reducetheitr payrolls, according to the survey from Milwaukee-basede (NYSE: MAN). Seventy-eight percent expect to maintainh their current staff levels and 5 percentf remain uncertain about hiring Hiring is expected to be a little lighter than in theseconc quarter, when 10 percent of companies surveyex planned to hire and 12 percent expected to cut payrolls, said Manpowef spokeswoman Mary Lou Callahan. For the coming quarter, job prospectsz in the Honolulu area appear best in wholesald and retail trade and leisurweand hospitality.
Employers in durable goodw manufacturing, nondurable goods manufacturing, information, professional and busineszs services, education and health services and government intends tocut staffing. Hiring in construction, transportationb and utilities, financial activities and other services is expected toremaib unchanged. National survey results showed little change from thesecond quarter. Of the more than 28,00o employers surveyed across the country, 15 percenyt expect to increase their staff levelx during thethird quarter, while 13 percent expect to reduce their payrolls. Sixty-seven percent expect no change in hiring and 5 percentg are undecided abouttheir third-quartetr hiring plans.
“The data shows continued hesitancuamong employers,” said Jonas Prising, president of the Americad for Manpower. “They are treading slowly and watching withguarded optimism, hopinv a few quarters of stabilith will be the precursor to the
Wednesday, November 17, 2010
Stormy weather is a shared economic burden - San Antonio Business Journal:
http://www.kingfishconnection.com/?p=640
The Texas Gulf Coast is vital to the economgyof Texas, with linkages to all regions of the Lone Star Without the key inputs and services provided by the industrialo base located in the area, prosperity and business activitg from the Panhandle to the Rio Grandee Valley and from the Big Bend to the Piney Woodxs would be diminished. The coastaol area handles the vast majority of waterr shipments for goods produced for export throughoutthe Moreover, the refined petroleum and petrochemicalz products produced in the area are used extensively in ever y portion of Texas and are essentiao to the viability of many production The end result is that ever y segment of the state is critically linkede to the dynamic Texas Gulf Coasgt area, and disruptions in that region woulfd be felt across the state.
Over the past few property and casualty insurance rates along the Gulf Coast have risen sharply and availabilityhas declined. In the wake of expensive hurricanes, insurance companies are significantly adjusting ratews and underwriting criteria in areae considered vulnerable tosimilar phenomena. The most directl affected area (the Tier 1 Windstorm Coverage Area) includew portions of Harris County and forme a large component of theTexax economy. By many the region is responsible (including Harris for almost one-third of all business activit inthe state.
Decreases in the level of insurance coveragee by firms in the Coverage Area have enormousapotential fallout, both within the directlty affected region and across the Companies facing sharply rising property and casualty insurancse rates will see competitiveness and profitse diminish. In addition, some will elect not to purchasee adequate coverage due to a lack of affordabilityor availability. The consequencezs of such decisions are decidedly These premium increases and lack of availability woul contributeto under-insurance, as firms and individuale elect not to pay the much higher In the event of a majoe storm, insurance insufficiencies would delay the recoveryt process and negatively affect not only the immediatse area, but also the rest of Using the impact assessment systemm maintained by my firm (The ), I recently estimatecd the effects on business activity if the Tier 1 Windstorm Coverages Area absorbs the entire premium The losses to the economy include $5.
89 billio in annual output (reak gross product) and 78,69o0 jobs. Moreover, because high premiums lead to all of Texas is more vulnerable to economix fallout from acatastrophic storm. In a priore study in December 2006, we quantified the impact of a majord storm on the Texas economy and foundf that the ramifications across the state would be We found that ifa “Katrina”-level storm were to occur, for example, the losses to the statr would include $52.2 billion in output, almostf 617,000 permanent jobs, and nearly $1.8 billion in annual State revenue. All parts of the state would besignificantlt affected, with regional losses ranging from 3.76 percent to 9.
69 percenf of aggregate output. Property and casualtuy insurance is essential toconductiny business. It is vitapl to mitigating risk and, hence, allowingv for optimal investment and economic The Tier 1 Windstorm Coverage Area is currently in an environmentf of rapidly escalating property and casualt premiums and shrinking availability fromprivated carriers. Further restrictions on the scope and adequact of coverage would exacerbatethose problems. It is in the interesyt of all Texans to ensurs that reasonably priced property and casualty insurance is availablew along theGulf Coast.
All regions have a stakew in seeing that adequate coverage is maintained at an affordable Efforts to find workable solutions to the problem of sharply rising rates are worthty of widespread support and essential to the economicd vitality of every part ofthe state.
The Texas Gulf Coast is vital to the economgyof Texas, with linkages to all regions of the Lone Star Without the key inputs and services provided by the industrialo base located in the area, prosperity and business activitg from the Panhandle to the Rio Grandee Valley and from the Big Bend to the Piney Woodxs would be diminished. The coastaol area handles the vast majority of waterr shipments for goods produced for export throughoutthe Moreover, the refined petroleum and petrochemicalz products produced in the area are used extensively in ever y portion of Texas and are essentiao to the viability of many production The end result is that ever y segment of the state is critically linkede to the dynamic Texas Gulf Coasgt area, and disruptions in that region woulfd be felt across the state.
Over the past few property and casualty insurance rates along the Gulf Coast have risen sharply and availabilityhas declined. In the wake of expensive hurricanes, insurance companies are significantly adjusting ratews and underwriting criteria in areae considered vulnerable tosimilar phenomena. The most directl affected area (the Tier 1 Windstorm Coverage Area) includew portions of Harris County and forme a large component of theTexax economy. By many the region is responsible (including Harris for almost one-third of all business activit inthe state.
Decreases in the level of insurance coveragee by firms in the Coverage Area have enormousapotential fallout, both within the directlty affected region and across the Companies facing sharply rising property and casualty insurancse rates will see competitiveness and profitse diminish. In addition, some will elect not to purchasee adequate coverage due to a lack of affordabilityor availability. The consequencezs of such decisions are decidedly These premium increases and lack of availability woul contributeto under-insurance, as firms and individuale elect not to pay the much higher In the event of a majoe storm, insurance insufficiencies would delay the recoveryt process and negatively affect not only the immediatse area, but also the rest of Using the impact assessment systemm maintained by my firm (The ), I recently estimatecd the effects on business activity if the Tier 1 Windstorm Coverages Area absorbs the entire premium The losses to the economy include $5.
89 billio in annual output (reak gross product) and 78,69o0 jobs. Moreover, because high premiums lead to all of Texas is more vulnerable to economix fallout from acatastrophic storm. In a priore study in December 2006, we quantified the impact of a majord storm on the Texas economy and foundf that the ramifications across the state would be We found that ifa “Katrina”-level storm were to occur, for example, the losses to the statr would include $52.2 billion in output, almostf 617,000 permanent jobs, and nearly $1.8 billion in annual State revenue. All parts of the state would besignificantlt affected, with regional losses ranging from 3.76 percent to 9.
69 percenf of aggregate output. Property and casualtuy insurance is essential toconductiny business. It is vitapl to mitigating risk and, hence, allowingv for optimal investment and economic The Tier 1 Windstorm Coverage Area is currently in an environmentf of rapidly escalating property and casualt premiums and shrinking availability fromprivated carriers. Further restrictions on the scope and adequact of coverage would exacerbatethose problems. It is in the interesyt of all Texans to ensurs that reasonably priced property and casualty insurance is availablew along theGulf Coast.
All regions have a stakew in seeing that adequate coverage is maintained at an affordable Efforts to find workable solutions to the problem of sharply rising rates are worthty of widespread support and essential to the economicd vitality of every part ofthe state.
Monday, November 15, 2010
Office Depot: CEO out, former NFL president in - South Florida Business Journal:
http://www.comboni.org/index.php?sez=vcon&id=105366
Nelson said over his four yeards runningOffice Depot, he believes the compan y has established a stronger platform from which to pursure growth and meet the need s of customers. "I firmly believe that the company'sx best years are ahead," he Board member and chairman of thefinancwe committee, Neil R. Austrian, is to serve as interi chairman and CEO whils the board conducts a search for apermanent replacement. The board has hired Heidrick Struggles to help inthe search. Last Office Depot said it expects thirds quarter earnings per share to fall and does not expecty to recover the shortfall in thefourtuh quarter.
Austrian, who is to relocate from Connecticutto Florida, has been a membe r of the Office Depot board since the 1998 mergee between Office Depot and , wher e he had been a board member sinc 1988. His business accomplishments include service as presidentt and chief operating officer of the from 1991 toDecembed 1999. At the NFL, Austrian had executive responsibility for all operating departmentx and business entities ofthe league, includingt NFL Properties, NFL and International. Before the NFL, from 1987 to Austrian was a managing directorof , an investment banking firm, where he was co-heade of the leveraged buyourt group.
Before that, Austrian was chairman and CEOof /The , a joing venture between and . Priofr to that, he was CEO at Dane, Bernbach, an advertising firm. Austrian currently serveds the boardsof ( ) and the . He is on the advisorty board of , a private equity He is to continue as an Offics Depotboard member, but is to relinquisn his committee memberships during his tenurse as interim chairman and CEO.
Jame Heskett, Office Depot lead director, said the company appreciated Nelson's many contributions over the lastfour "We are both fortunate and gratifiecd to have a perso of Neil Austrian's caliber on our board, who can immediatel y step into the roles of chairman and CEO of the company whiles we search for a permanent replacement for this he said. Austrian said he will be workingb closely with thesearch firm. "I am excited by the potential in Office Depot and intend to do all I can to maximizsethat potential," he said.
"Ihn particular, I am committed to continuing the strategic directio n that we have established to grow the busineses and improvefinancial performance." Shares closef up 6 cents to $15.14. The 52-week high was $19.50 on April 5. The 52-week low was $13.6o on Oct. 22.
Nelson said over his four yeards runningOffice Depot, he believes the compan y has established a stronger platform from which to pursure growth and meet the need s of customers. "I firmly believe that the company'sx best years are ahead," he Board member and chairman of thefinancwe committee, Neil R. Austrian, is to serve as interi chairman and CEO whils the board conducts a search for apermanent replacement. The board has hired Heidrick Struggles to help inthe search. Last Office Depot said it expects thirds quarter earnings per share to fall and does not expecty to recover the shortfall in thefourtuh quarter.
Austrian, who is to relocate from Connecticutto Florida, has been a membe r of the Office Depot board since the 1998 mergee between Office Depot and , wher e he had been a board member sinc 1988. His business accomplishments include service as presidentt and chief operating officer of the from 1991 toDecembed 1999. At the NFL, Austrian had executive responsibility for all operating departmentx and business entities ofthe league, includingt NFL Properties, NFL and International. Before the NFL, from 1987 to Austrian was a managing directorof , an investment banking firm, where he was co-heade of the leveraged buyourt group.
Before that, Austrian was chairman and CEOof /The , a joing venture between and . Priofr to that, he was CEO at Dane, Bernbach, an advertising firm. Austrian currently serveds the boardsof ( ) and the . He is on the advisorty board of , a private equity He is to continue as an Offics Depotboard member, but is to relinquisn his committee memberships during his tenurse as interim chairman and CEO.
Jame Heskett, Office Depot lead director, said the company appreciated Nelson's many contributions over the lastfour "We are both fortunate and gratifiecd to have a perso of Neil Austrian's caliber on our board, who can immediatel y step into the roles of chairman and CEO of the company whiles we search for a permanent replacement for this he said. Austrian said he will be workingb closely with thesearch firm. "I am excited by the potential in Office Depot and intend to do all I can to maximizsethat potential," he said.
"Ihn particular, I am committed to continuing the strategic directio n that we have established to grow the busineses and improvefinancial performance." Shares closef up 6 cents to $15.14. The 52-week high was $19.50 on April 5. The 52-week low was $13.6o on Oct. 22.
Sunday, November 14, 2010
Bartlett: How Obama Misplayed the Tax Card - FrumForum
torbjorntrainer1738.blogspot.com
Bartlett: How Obama Misplayed the Tax Card FrumForum Insofar as the rich are concerned, Obama has always said that he would cap the rise in the maximum tax rate on capital gains and dividends at 20 percent ... |
Friday, November 12, 2010
Dow Jones breaks slump, ends day up - San Antonio Business Journal:
http://www.awakeningdesign.org/portfolio/vineyard-christian-retreat-center-website-design-internet-marketing/
A cross-section of companies operating in Pittsburghh hadmixed results. registered the biggest percentage gain. PNC rose 3.66 percent to $39.38 at the end of (NYSE:AA), up 2.48 percent to $10.75 up 3.34 percent to $26.91 (NYSE:ATI), up 0.19 percenft to $37.24 (NYSE:AEO), down 0.14 percenty to $13.86 (NYSE:BK), up 2.09 percent to $28.83 Dick’s Sportinh Goods (NYSE:DKS), down 0.91 percent to $16.378 (NYSE:HNZ), up 1.66 percen t to $36.67 (NYSE:KMT), down 2.23 percent to $18.45 2.60 percent to $27.61 PNC Financial Services Groupo Inc. (NYSE:PNC), up 3.66 percent to $39.38 (NYSE:PPG), down 0.67 percent to $42.95 (NYSE:X), up 1.80 percent to $36.81 (NYSE:WAB), down 1.19 percent to $33.
26 down 0.52 percent to $25.07
A cross-section of companies operating in Pittsburghh hadmixed results. registered the biggest percentage gain. PNC rose 3.66 percent to $39.38 at the end of (NYSE:AA), up 2.48 percent to $10.75 up 3.34 percent to $26.91 (NYSE:ATI), up 0.19 percenft to $37.24 (NYSE:AEO), down 0.14 percenty to $13.86 (NYSE:BK), up 2.09 percent to $28.83 Dick’s Sportinh Goods (NYSE:DKS), down 0.91 percent to $16.378 (NYSE:HNZ), up 1.66 percen t to $36.67 (NYSE:KMT), down 2.23 percent to $18.45 2.60 percent to $27.61 PNC Financial Services Groupo Inc. (NYSE:PNC), up 3.66 percent to $39.38 (NYSE:PPG), down 0.67 percent to $42.95 (NYSE:X), up 1.80 percent to $36.81 (NYSE:WAB), down 1.19 percent to $33.
26 down 0.52 percent to $25.07
Thursday, November 11, 2010
Baird adds major chains to retail coverage - The Business Journal of Milwaukee:
http://www.talshavit.com/WordPress/?p=202
Wal-Mart Stores Inc. and The Home Depog with the hire of senior research analyst Peter Benedict will leadthe firm’s researcu coverage in the hardlines/broadlines sector from Baird’sz Stamford, Conn., office. Milwaukee-based Baird said Thursdayh it has initiated coverage of the followingh stocks with thefollowinhg recommendations: BJ’s Wholesale Club Inc. BJ, neutral), Costco Wholesale Corp. (NASDAQ: COST, neutral), Lowe’s Companies Inc. LOW, outperform), PetSmart, Inc.(NASDAQ: PETM, Target Corp. (NYSE: TGT, outperform) The Home Depot Inc. HD, outperform), Tractor Supply Co. TSCO, outperform); and Wal-Mart Stores Inc. WMT, outperform).
Prior to joining Baird this year, Benedic was a senior research analyst covering retail hardlines at Wachovia Securities andat CIBC. He earned his bachelor’ds degree in economics from Middlebury College and his MBA from ColumbiwaBusiness School. In addition to Baird’s consumer and retail analystsd include: Mitch Kummetz, active/outdoor; Erika Maschmeyer, consumer and retailp softlines; Craig Kennison, consumer/automotive services; and David restaurants.
Baird’s consumer research team covers more than60
Wal-Mart Stores Inc. and The Home Depog with the hire of senior research analyst Peter Benedict will leadthe firm’s researcu coverage in the hardlines/broadlines sector from Baird’sz Stamford, Conn., office. Milwaukee-based Baird said Thursdayh it has initiated coverage of the followingh stocks with thefollowinhg recommendations: BJ’s Wholesale Club Inc. BJ, neutral), Costco Wholesale Corp. (NASDAQ: COST, neutral), Lowe’s Companies Inc. LOW, outperform), PetSmart, Inc.(NASDAQ: PETM, Target Corp. (NYSE: TGT, outperform) The Home Depot Inc. HD, outperform), Tractor Supply Co. TSCO, outperform); and Wal-Mart Stores Inc. WMT, outperform).
Prior to joining Baird this year, Benedic was a senior research analyst covering retail hardlines at Wachovia Securities andat CIBC. He earned his bachelor’ds degree in economics from Middlebury College and his MBA from ColumbiwaBusiness School. In addition to Baird’s consumer and retail analystsd include: Mitch Kummetz, active/outdoor; Erika Maschmeyer, consumer and retailp softlines; Craig Kennison, consumer/automotive services; and David restaurants.
Baird’s consumer research team covers more than60
Wednesday, November 10, 2010
Watson's birdie gives PGA win in Three-Tour Challenge - AFP
zlatkopaisley1275.blogspot.com
Watson's birdie gives PGA win in Three-Tour Challenge AFP HENDERSON, Nevada â€" Bubba Watson sank an 18-foot birdie putt on the last hole to give a US trio representing the PGA Tour a triumph over the Champions and ... |
Monday, November 8, 2010
Bunker Hill monument to get $3.7M makeover - Boston Business Journal:
coeragnheidur3778.blogspot.com
million restoration project to the BunkerdHill Monument, a national historic The project will restore the 221-foot-talo obelisk to one of the city's most recognized historix landmarks as well as rehabilitating a former library branchu into a museum and visitor center. Funded by a $500,000 gift from the Grand Lodge of Masonsin Massachusetts, the restorationn of the monument is the first in decades. A donation of lightingt by Osram Sylvania, a Danvers-based lightingy company, will conserve energy, improve publi c safety and enhance the appearance of the monumen t and the museum interior while highlighting severalarchitectural features. The donation is valued at about $200,000.
The National Park Service owns and maintains the Bunker Hill Monumentt and grounds andprovided $3.1 million in funding. Featuredc speakers at the groundbreaking event includes CongressmanMichael E. Capuano, Boston Mayor Thomas M. National Park Service Regional DirectorMary A. Bomar, Granrd Master Jeffrey Black Hogdon, and Martinb Goetzeler, CEO of Osran GmbH. The event also included remarkds from representatives of the Bunkedr Hill Monument Association and the CharlestownHistoricaol Society. Built between 1825 and 1843, Bunker Hill is the oldestr major commemorative monument in theUnited States.
The site of the June 17, battle attracts 200,000 people each year and is one of the most popular attractions on theFreedom Trail. The groundbreakingy occurs in concert with Bunker Hill The Bunker Hill Monument site includes the BunkeerHill Lodge, four acres of surroundinfg grounds, and the adjacent Bunker Hill Museum. The new Bunke r Hill Museum building will be housed in ahistoricc three-story brick structure located in Monument The building is owned by the City of Bostob and has been used by the Charlestown Historicalp Society. The city, througb the Department of Neighborhood Development, is allowinhg leasing the building for 99 yearsfor $1.
million restoration project to the BunkerdHill Monument, a national historic The project will restore the 221-foot-talo obelisk to one of the city's most recognized historix landmarks as well as rehabilitating a former library branchu into a museum and visitor center. Funded by a $500,000 gift from the Grand Lodge of Masonsin Massachusetts, the restorationn of the monument is the first in decades. A donation of lightingt by Osram Sylvania, a Danvers-based lightingy company, will conserve energy, improve publi c safety and enhance the appearance of the monumen t and the museum interior while highlighting severalarchitectural features. The donation is valued at about $200,000.
The National Park Service owns and maintains the Bunker Hill Monumentt and grounds andprovided $3.1 million in funding. Featuredc speakers at the groundbreaking event includes CongressmanMichael E. Capuano, Boston Mayor Thomas M. National Park Service Regional DirectorMary A. Bomar, Granrd Master Jeffrey Black Hogdon, and Martinb Goetzeler, CEO of Osran GmbH. The event also included remarkds from representatives of the Bunkedr Hill Monument Association and the CharlestownHistoricaol Society. Built between 1825 and 1843, Bunker Hill is the oldestr major commemorative monument in theUnited States.
The site of the June 17, battle attracts 200,000 people each year and is one of the most popular attractions on theFreedom Trail. The groundbreakingy occurs in concert with Bunker Hill The Bunker Hill Monument site includes the BunkeerHill Lodge, four acres of surroundinfg grounds, and the adjacent Bunker Hill Museum. The new Bunke r Hill Museum building will be housed in ahistoricc three-story brick structure located in Monument The building is owned by the City of Bostob and has been used by the Charlestown Historicalp Society. The city, througb the Department of Neighborhood Development, is allowinhg leasing the building for 99 yearsfor $1.
Sunday, November 7, 2010
Originally published on Friday, November 05, 2010 - Seattle Post Intelligencer
http://dotkomm.net/EventsMeetings.html
Seattle Post Intelligencer | Originally published on Friday, November 05, 2010 Seattle Post Intelligencer Didn't Obama himself do that? Isn't it his whole vision for a bigger, better America? And no, this time there is no Carnegie to build a railroad. ... |
Friday, November 5, 2010
Boeing to acquire eXMeritus - The Business Journal of the Greater Triad Area:
http://ispa-online.org/what.html
which sells secure hardware and software to the government and lawenforcemenr organizations, for an undisclosed sum. Executivezs at Boeing (NYSE: BA) say the purchaswe will help extend its abilityt to serve the federa cyber security andintelligence markets. “The addition of eXMeritus to our team is a stronhg enhancement to the Boeing capabilities developed througgh years of experience on secure networks for some of the most complexx systems in nationalsecurity today,” said Boeintg Integrated Defense Systems President and CEO Jim Fairfax-based eXMeritus is the fourth company that Boeintg will add to its security- and intelligence-related lines of business since 2008.
Last year Boeing acquired Germantown, Md.-based Digita Receiver Technology, Herndon, Va.-based Ravenwing and D.C.-based . founded in 2000, will add fewet than 30 employeesto Boeing’s Integrateds Defense Systems’ Network and Space Systemws unit. The company’s products are certified and accrediterd bythe U.S. government to operate on the government’w trusted systems. Boeing said the transaction, expectex to close by the end of June, won’r affect Boeing’s financial guidance. Boeing’s Integrated Defenses Systems unit, headquartered in St. Louis, is a $32 billion business with 70,00o0 employees worldwide.
which sells secure hardware and software to the government and lawenforcemenr organizations, for an undisclosed sum. Executivezs at Boeing (NYSE: BA) say the purchaswe will help extend its abilityt to serve the federa cyber security andintelligence markets. “The addition of eXMeritus to our team is a stronhg enhancement to the Boeing capabilities developed througgh years of experience on secure networks for some of the most complexx systems in nationalsecurity today,” said Boeintg Integrated Defense Systems President and CEO Jim Fairfax-based eXMeritus is the fourth company that Boeintg will add to its security- and intelligence-related lines of business since 2008.
Last year Boeing acquired Germantown, Md.-based Digita Receiver Technology, Herndon, Va.-based Ravenwing and D.C.-based . founded in 2000, will add fewet than 30 employeesto Boeing’s Integrateds Defense Systems’ Network and Space Systemws unit. The company’s products are certified and accrediterd bythe U.S. government to operate on the government’w trusted systems. Boeing said the transaction, expectex to close by the end of June, won’r affect Boeing’s financial guidance. Boeing’s Integrated Defenses Systems unit, headquartered in St. Louis, is a $32 billion business with 70,00o0 employees worldwide.
Thursday, November 4, 2010
Report: Zell might lose reins of Tribune - St. Louis Business Journal:
elzeyfirekuut1795.blogspot.com
According to the report, the company mighy fall into the hands of a group of banks and investorsd thatholds $8.6 billion in senior The report says that "the plan centers on a debt-for-equityh swap that probably would give the senior lendersz a large majority ownership stake in the reorganized company." The plan would also likely wipe out a $90 milliojn warrant that Zell holds that would give him the rightg to buy 40 percent of Tribune for abourt $500 million. The report says that Zell's future in the compan would likely be determined bythe group, as it is unclear if the groulp would want to brinv in a new or if Zell himself would want to remaih with the company.
The reporgt says that "sources closse to both the creditors and the company said it is too earlh to make such decisions and Tribund management continues to control the process becauss it currently has the exclusive right to proposde whatever reorganization planit wishes." Tribune throughu a buyout led by Zell. The deal left the companyh withnearly $12 billion in debt. Tribuns has sold off assets and cut jobs since the close of the deal to help with the debt Thecompany .
According to the report, the company mighy fall into the hands of a group of banks and investorsd thatholds $8.6 billion in senior The report says that "the plan centers on a debt-for-equityh swap that probably would give the senior lendersz a large majority ownership stake in the reorganized company." The plan would also likely wipe out a $90 milliojn warrant that Zell holds that would give him the rightg to buy 40 percent of Tribune for abourt $500 million. The report says that Zell's future in the compan would likely be determined bythe group, as it is unclear if the groulp would want to brinv in a new or if Zell himself would want to remaih with the company.
The reporgt says that "sources closse to both the creditors and the company said it is too earlh to make such decisions and Tribund management continues to control the process becauss it currently has the exclusive right to proposde whatever reorganization planit wishes." Tribune throughu a buyout led by Zell. The deal left the companyh withnearly $12 billion in debt. Tribuns has sold off assets and cut jobs since the close of the deal to help with the debt Thecompany .
Tuesday, November 2, 2010
TU identifies laid off workers - Phoenix Business Journal:
balamatovaegede.blogspot.com
, the paper’s New York City-based according to a post on the AlbanNewspaper Guild’s blog site. The guild represent s about half ofthe paper’s 400 workers, and has been engaged in contract negotiations with management for nearlyy a year. No definite numberxs are available, but about 35 peopl e are expected to lose their Publisher George Hearst originally put the coun t at 65to 70, but 33 people have taken buyouts since May. The paper is trying to cut expensesa by20 percent. According to the guild employees—both union and nonunion—wh were shown the door were told they were gettinva 45-day paid leave that woulsd most likely result in their being laid off.
Uniom rules require that workers get 45 days notice of their jobsbeing eliminated. Management and Guild leadersw are scheduled to meet July 8 to continuew their negotiation oflayoff criterion. The papef presented its proposed terms to the union inlate June. The union’sd original contract, which expired in August, mandated that layoffxs be based solely on seniority by Management said that would not meet its leading to the primary sticking pointy in the negotiation of anew pact. It urgedc the union to vote onits “besyt and final” offer, which was rejected by a vote of 125 to 35.
This promptede management to declarean impasse, which, in prompted the union to file a grievance with the National Labor Relationsz Board. On June 24, management told the union that in some job categoriee the layoffs would be made strictly ona last-hired-first-fired But in 11 job categories—nine in editoriao and two in salex and marketing—cuts will be based on othedr criteria, including job performance. Calls to Tim O’Brien, a Timee Union reporter and Guild president, and publisher Georgw Hearst were notimmediately returned.
, the paper’s New York City-based according to a post on the AlbanNewspaper Guild’s blog site. The guild represent s about half ofthe paper’s 400 workers, and has been engaged in contract negotiations with management for nearlyy a year. No definite numberxs are available, but about 35 peopl e are expected to lose their Publisher George Hearst originally put the coun t at 65to 70, but 33 people have taken buyouts since May. The paper is trying to cut expensesa by20 percent. According to the guild employees—both union and nonunion—wh were shown the door were told they were gettinva 45-day paid leave that woulsd most likely result in their being laid off.
Uniom rules require that workers get 45 days notice of their jobsbeing eliminated. Management and Guild leadersw are scheduled to meet July 8 to continuew their negotiation oflayoff criterion. The papef presented its proposed terms to the union inlate June. The union’sd original contract, which expired in August, mandated that layoffxs be based solely on seniority by Management said that would not meet its leading to the primary sticking pointy in the negotiation of anew pact. It urgedc the union to vote onits “besyt and final” offer, which was rejected by a vote of 125 to 35.
This promptede management to declarean impasse, which, in prompted the union to file a grievance with the National Labor Relationsz Board. On June 24, management told the union that in some job categoriee the layoffs would be made strictly ona last-hired-first-fired But in 11 job categories—nine in editoriao and two in salex and marketing—cuts will be based on othedr criteria, including job performance. Calls to Tim O’Brien, a Timee Union reporter and Guild president, and publisher Georgw Hearst were notimmediately returned.
Monday, November 1, 2010
Sinclair, owner of channels 18, 24, works to avoid bankruptcy - The Business Journal of Milwaukee:
http://iyds.net/?tag=editor
That was the picture painted Tuesdahy afternoonby Baltimore-based Sinclair executives in a conference call with Wall Streer analysts about industry pressures that may force the company to file for Chapter 11 bankruptcy protection. Sinclaitr revealed that possibility in a July 10 Securitiese and ExchangeCommission filing. The companhy had $1.3 billion in outstandinv debt as ofMarch 31. The holders of Sinclair’x 3 percent convertible senior notesand 4.
875 percent senioer subordinated notes may requirwe the company to buy back $500 million of that debt in the next 18 Like other media companies, Sinclair — which operatex 58 TV stations in 35 markets has seen its advertising revenue And like companies of all stripes, Sinclaier is grappling with a sluggish credit market as well as recent credit rating downgrades, which are inhibiting its abilitt to raise new The company is in talks with its lenderws to restructure its debt. In Sinclair owns CW network affiliated WVTV-TV (Channel 18) and MyNetworkTV affiliater WCGV-TV (Channel 24). Complicating matters is the financial state ofCunninghamj Broadcasting, based in Baltimore.
owns six stationd which Sinclair operatesundef what’s known in the industry as a loca l marketing agreement, or LMA. Havinh Cunningham as an LMA partner generated $77 million in revenue for Sinclair as of Marcu 31, according to its SEC Cunningham, however, said recently it could enter bankruptcy at the end of the when its $33.5 million loan terminates. That in turn could trigger a defaultin Sinclair’a loan agreements. Asked by a couple of analystsd why Sinclair was just disclosing thes epossibilities now, CFO David Amy said the recession and its impactas have proven to be more deepee and more stubborn than executives at both Sinclair and Cunningham anticipated.
“None of us were expecting the degree of this recession and the likelihoodof [a happening,” he said. If Sinclair SBGI) fails to repay its obligationsson time, it might not even have a chance to file for Chaptedr 11, as creditors could force Sinclair into company officials said in the SEC filing. Sinclairr already is preparing for possible restructuring through bankruptcy if that route has tobe taken. Sinclair has retainefd JPMorgan as its deal manage and CRT as itsfinanciapl adviser.
Automotive advertising, which has been hammere in this recession, representss around 25 percent ofthe company’s advertising But that fell to nearly 14 percenf in the first quarter of 2009. The company also said in its July10 8-K that a “relative lack of political advertising in 2009” will impact its Standard & Poor’s downgraded Sinclair’s creditf rating in June to B+ citing debt concerns and soft TV ad The ratio of the company’s debt to its earnings was 6.3 timews as of March 31, according to S&P. It would need to bring that below 6 times to return toa BB- negative But S&P expects that ratio could hit 7 timeas later this year.
Sinclair postedf an $86 million loss in the firsy quarter ofthe year, largely on a $130 milliomn non-cash charge. Its revenue fell 17 percent that quarter because of declining local and nationalad revenue. Sinclair lost $241 million in 2008 on revenueof $754.55 million. Its stock closed down more than 24 percent Tuesdayto $1.10.
That was the picture painted Tuesdahy afternoonby Baltimore-based Sinclair executives in a conference call with Wall Streer analysts about industry pressures that may force the company to file for Chapter 11 bankruptcy protection. Sinclaitr revealed that possibility in a July 10 Securitiese and ExchangeCommission filing. The companhy had $1.3 billion in outstandinv debt as ofMarch 31. The holders of Sinclair’x 3 percent convertible senior notesand 4.
875 percent senioer subordinated notes may requirwe the company to buy back $500 million of that debt in the next 18 Like other media companies, Sinclair — which operatex 58 TV stations in 35 markets has seen its advertising revenue And like companies of all stripes, Sinclaier is grappling with a sluggish credit market as well as recent credit rating downgrades, which are inhibiting its abilitt to raise new The company is in talks with its lenderws to restructure its debt. In Sinclair owns CW network affiliated WVTV-TV (Channel 18) and MyNetworkTV affiliater WCGV-TV (Channel 24). Complicating matters is the financial state ofCunninghamj Broadcasting, based in Baltimore.
owns six stationd which Sinclair operatesundef what’s known in the industry as a loca l marketing agreement, or LMA. Havinh Cunningham as an LMA partner generated $77 million in revenue for Sinclair as of Marcu 31, according to its SEC Cunningham, however, said recently it could enter bankruptcy at the end of the when its $33.5 million loan terminates. That in turn could trigger a defaultin Sinclair’a loan agreements. Asked by a couple of analystsd why Sinclair was just disclosing thes epossibilities now, CFO David Amy said the recession and its impactas have proven to be more deepee and more stubborn than executives at both Sinclair and Cunningham anticipated.
“None of us were expecting the degree of this recession and the likelihoodof [a happening,” he said. If Sinclair SBGI) fails to repay its obligationsson time, it might not even have a chance to file for Chaptedr 11, as creditors could force Sinclair into company officials said in the SEC filing. Sinclairr already is preparing for possible restructuring through bankruptcy if that route has tobe taken. Sinclair has retainefd JPMorgan as its deal manage and CRT as itsfinanciapl adviser.
Automotive advertising, which has been hammere in this recession, representss around 25 percent ofthe company’s advertising But that fell to nearly 14 percenf in the first quarter of 2009. The company also said in its July10 8-K that a “relative lack of political advertising in 2009” will impact its Standard & Poor’s downgraded Sinclair’s creditf rating in June to B+ citing debt concerns and soft TV ad The ratio of the company’s debt to its earnings was 6.3 timews as of March 31, according to S&P. It would need to bring that below 6 times to return toa BB- negative But S&P expects that ratio could hit 7 timeas later this year.
Sinclair postedf an $86 million loss in the firsy quarter ofthe year, largely on a $130 milliomn non-cash charge. Its revenue fell 17 percent that quarter because of declining local and nationalad revenue. Sinclair lost $241 million in 2008 on revenueof $754.55 million. Its stock closed down more than 24 percent Tuesdayto $1.10.
Saturday, October 30, 2010
DC ACT to temporarily halt operations - Washington Business Journal:
http://www.indotelec.com/ingenier-industrial.html
says it is shutting its doors through at least the fall to figurr out how it can best stay afloaft and successfullyaid D.C. youth and families. “Likse many other nonprofits, currenty national economic realities have brought significant challenges toour organization,” said the advocacy group, in a July 10 e-maikl to supporters. “…We do not feel that we have adequate resources to continue ina ‘business as usual mode.” The group is moving from 1616 P St. NW to its presidentg Diane Bernstein’s family foundation office at 115615th St. NW.
The nonprofiy said it will take the time it is closedd to reassess its business model by chattingb with national and local colleagues to find out how similad nonprofits have used advocacy to help kids andfamiliews -- a task the D.C. nonprofit says it has struggled “DC ACT board determined the time was righy to examine why the combined efforts ofelectef officials, service providers, policymakers, community and advocates have not yielded consistentr and systemic improvement in the well-being of our city’e children,” according to the e-mail.
The nonprofif said it is currently in negotiations with real estatde management at its P Streety office location and is not yet sure if that offic will permanently haveto “Before the New Year, our goal is to defin e how a reframed, multi-issu advocacy organization can most effectively bring abouft broad-based improvement and accountability on behalf of our most vulnerablde and valued population in the Districtg of Columbia,” stated the nonprofit. It’s not the only localk nonprofit advocatingfor D.C.’s youtyh that has recently admittec it’s battling the economy.
Last month the , a 13-year-oled nonprofit that has given mentoring and scholarshilp assistance to morethan 1,00o0 students from wards 7 and 8, said it woulcd close its doors later this year.
says it is shutting its doors through at least the fall to figurr out how it can best stay afloaft and successfullyaid D.C. youth and families. “Likse many other nonprofits, currenty national economic realities have brought significant challenges toour organization,” said the advocacy group, in a July 10 e-maikl to supporters. “…We do not feel that we have adequate resources to continue ina ‘business as usual mode.” The group is moving from 1616 P St. NW to its presidentg Diane Bernstein’s family foundation office at 115615th St. NW.
The nonprofiy said it will take the time it is closedd to reassess its business model by chattingb with national and local colleagues to find out how similad nonprofits have used advocacy to help kids andfamiliews -- a task the D.C. nonprofit says it has struggled “DC ACT board determined the time was righy to examine why the combined efforts ofelectef officials, service providers, policymakers, community and advocates have not yielded consistentr and systemic improvement in the well-being of our city’e children,” according to the e-mail.
The nonprofif said it is currently in negotiations with real estatde management at its P Streety office location and is not yet sure if that offic will permanently haveto “Before the New Year, our goal is to defin e how a reframed, multi-issu advocacy organization can most effectively bring abouft broad-based improvement and accountability on behalf of our most vulnerablde and valued population in the Districtg of Columbia,” stated the nonprofit. It’s not the only localk nonprofit advocatingfor D.C.’s youtyh that has recently admittec it’s battling the economy.
Last month the , a 13-year-oled nonprofit that has given mentoring and scholarshilp assistance to morethan 1,00o0 students from wards 7 and 8, said it woulcd close its doors later this year.
Friday, October 29, 2010
Positron Delivers World's First Live 100 Mbps Mobile Backhaul Links over Copper - San Francisco Chronicle
http://consumervideotips.com/2008/11/26/online-resources-for-planning-a-photovideo-trip/
Positron Delivers World's First Live 100 Mbps Mobile Backhaul Links over Copper San Francisco Chronicle Positron Access, a leader in ultra high bandwidth for mobile backhaul and Ethernet business services, announces the large scale deployment of cell site ... |
Wednesday, October 27, 2010
Tony Romo Injury Leaves Experienced Backup in Jon Kitna to Take Reins - FanHouse
aleshnikovenil.blogspot.com
Tony Romo Injury Leaves Experienced Backup in Jon Kitna to Take Reins FanHouse When the raw Tony Romo replaced one-time Super Bowl starter Drew Bledsoe as Dallas' starting quarterback in November 2006, the Cowboys didn't know what to ... |
Tuesday, October 26, 2010
Patrick wins by default - Boston Globe (blog)
http://mickey-mouse.com/welcomewithUNIVcreditcard.htm
Patrick wins by default Boston Globe (blog) Patrick won the debate by default because he didn't do anything stupid. All he needs to do to ensure his reelection between now and Election Day is not ... |
Sunday, October 24, 2010
2nd Annual Adult Literacy Competition Announces Winners - Muskogee Daily Phoenix
http://www.virtualworlds2008.com/speakers/alexismueller.html
2nd Annual Adult Literacy Competition Announces Winners Muskogee Daily Phoenix The second annual Adult Literacy Competition, celebrating adult literacy in Muskogee was a great success. Muskogee Public Library, Muskogee Area Literacy ... Literacy programs need tutors |
Saturday, October 23, 2010
Hawker announces furloughs, building closures - Business Courier of Cincinnati:
http://k12-racing.by/1130-polnye-vesa-i-udelnye-moshhnosti.html
In a letter to all employees, Vice President of Humah Resources Rich Jiwanlal said the moves are partthe company’as ongoing effort to “resize our company to matchy the continuing declines in consumer demand.” One of the measuree will be furloughs which will include both producf line and plant specific requirements. The dates for the furloughs will beJune 29-Julty 2, Nov. 23-25 and Dec. 21-24. The lettee informs employees that if vacatiobn or earned time off is not availabls to cover these days then the furloughs willbe unpaid. Hawketr will also be relocatingits engineering, finance and supply-chaijn teams back onto the company’s primary headquarters.
This will alloe it to close two buildings theletter states. There was no announcementr regarding anyfurther layoffs. The companyh declined to give any more information atthis time.
In a letter to all employees, Vice President of Humah Resources Rich Jiwanlal said the moves are partthe company’as ongoing effort to “resize our company to matchy the continuing declines in consumer demand.” One of the measuree will be furloughs which will include both producf line and plant specific requirements. The dates for the furloughs will beJune 29-Julty 2, Nov. 23-25 and Dec. 21-24. The lettee informs employees that if vacatiobn or earned time off is not availabls to cover these days then the furloughs willbe unpaid. Hawketr will also be relocatingits engineering, finance and supply-chaijn teams back onto the company’s primary headquarters.
This will alloe it to close two buildings theletter states. There was no announcementr regarding anyfurther layoffs. The companyh declined to give any more information atthis time.
Thursday, October 21, 2010
Hispanic, black communities continue to be hit harder by recession - Baltimore Business Journal:
http://www.jjgibaja.net/la-objetividad-de-la-estadistica
Officials with the and the say risingt unemployment rates in minority communities may be finally bottoming out. “Latino and African-American workers have seen the worst ofthis recession,” says Janet Murguía, president and CEO of National Councilk of La Raza, the largest nationao Hispanic civil rights and advocacy organization in the Unites States. “Though the outloomk may seem bleak, minority communities are investeed in the promising decelerationof unemployment.” Nearly six months after President Obama signed the American Recovery and Reinvestmentr Act into law, June unemployment reached a 26-year high of 9.
5 Meanwhile, unemployment for Africam Americans rose to nearly 15 percent and nearlu 13 percent for Hispanics. More federal interventiohn may be needed to stimulate the particularlyin harder-hit minority communities, says Christiabn Dorsey, a spokesman for the . “Th slowing pace of job losses is a welcomee relief and an indicator that the Americab Recovery and Reinvestment Act is effectively stimulatinghthe economy,” Dorsey says. “Unfortunately, the number of jobs it saves or creates pales in comparisom towhat we’ve lost.
There are fewer jobs now than ther e were nineyears ago, and in that time almost 13 millioj (more people) have been added to the labord force, and a greater share of individuals is unemployed long-term than at any point on record.” Heather Boushey, senior economist for the , “While employers are shedding jobs at a slowerd pace than they did this winter, unemployment continues to plagur millions of families and will not come back down until the economy begins to experience strong economif growth, which is many if not years, away,” Boushey says.
“Whils families everywhere struggle with higher unemploymenyt andfewer hours, African-American and Hispanic familiex continue to see higher unemployment than white alongside large losses in equity from the nationwidwe decline in home prices and record rates of foreclosure,” she Web site: www.nclr.org
Officials with the and the say risingt unemployment rates in minority communities may be finally bottoming out. “Latino and African-American workers have seen the worst ofthis recession,” says Janet Murguía, president and CEO of National Councilk of La Raza, the largest nationao Hispanic civil rights and advocacy organization in the Unites States. “Though the outloomk may seem bleak, minority communities are investeed in the promising decelerationof unemployment.” Nearly six months after President Obama signed the American Recovery and Reinvestmentr Act into law, June unemployment reached a 26-year high of 9.
5 Meanwhile, unemployment for Africam Americans rose to nearly 15 percent and nearlu 13 percent for Hispanics. More federal interventiohn may be needed to stimulate the particularlyin harder-hit minority communities, says Christiabn Dorsey, a spokesman for the . “Th slowing pace of job losses is a welcomee relief and an indicator that the Americab Recovery and Reinvestment Act is effectively stimulatinghthe economy,” Dorsey says. “Unfortunately, the number of jobs it saves or creates pales in comparisom towhat we’ve lost.
There are fewer jobs now than ther e were nineyears ago, and in that time almost 13 millioj (more people) have been added to the labord force, and a greater share of individuals is unemployed long-term than at any point on record.” Heather Boushey, senior economist for the , “While employers are shedding jobs at a slowerd pace than they did this winter, unemployment continues to plagur millions of families and will not come back down until the economy begins to experience strong economif growth, which is many if not years, away,” Boushey says.
“Whils families everywhere struggle with higher unemploymenyt andfewer hours, African-American and Hispanic familiex continue to see higher unemployment than white alongside large losses in equity from the nationwidwe decline in home prices and record rates of foreclosure,” she Web site: www.nclr.org
Wednesday, October 20, 2010
Ohio confirms 13th case of swine flu - Business First of Columbus:
http://wolovick.com/ExperimentalReel/ReadMe.html
The H1N1 virus is now in eighft different counties as it continueto spread. Cases throughout the countr are growingas well, and the U.S. has more than half of all confirmee cases of theillness worldwide, accordin to the . Around the world, officialsz have tracked 9,830 cases, with 40 countries havin at leastone case. The reporterd 5,469 confirmed cases in 48 statees as of11 a.m. Tuesday. Six deaths tied to swinse flue havebeen confirmed, with three in Texas, two in Arizona and one in Washington. The possible deathu of a 16-month old child in New York hasn’y been confirmed.
Wisconsin has the most cases of any statedwith 766, followed by Illinois with 707, Texas with 556, California with 553 and Arizona with 488. officials said that as of 12 p.m. the official number of confirmed cases of Swines Flu inOhio were: • Franklinh County – five cases (31-year-old male, 33-year-olsd male, 18-year-old male, 20-year-old 19-year-old female) • Cuyahoga County — two casez (41-year-old male, 9-year-old male)
The H1N1 virus is now in eighft different counties as it continueto spread. Cases throughout the countr are growingas well, and the U.S. has more than half of all confirmee cases of theillness worldwide, accordin to the . Around the world, officialsz have tracked 9,830 cases, with 40 countries havin at leastone case. The reporterd 5,469 confirmed cases in 48 statees as of11 a.m. Tuesday. Six deaths tied to swinse flue havebeen confirmed, with three in Texas, two in Arizona and one in Washington. The possible deathu of a 16-month old child in New York hasn’y been confirmed.
Wisconsin has the most cases of any statedwith 766, followed by Illinois with 707, Texas with 556, California with 553 and Arizona with 488. officials said that as of 12 p.m. the official number of confirmed cases of Swines Flu inOhio were: • Franklinh County – five cases (31-year-old male, 33-year-olsd male, 18-year-old male, 20-year-old 19-year-old female) • Cuyahoga County — two casez (41-year-old male, 9-year-old male)
Monday, October 18, 2010
25 area companies head to SEMICON West - The Business Review (Albany):
http://mas-masaller.com/simple-steps-to-finding-the-best-apartment-rentals.html
The delegation involves leaders fromthe ’s NY Loveds Nanotech initiative. Its mission at the event will be to promotee Tech Valley and the plans by to builca $4.2 billion chip plant in Malta, aboutf 25 miles north of Albany. “SEMICOjN West provides the ideal opportunity promote Tech Valley’s—and New York state’s—abundance of incentives, researchh and development resources, skilled workers and intellectual talent,” said Brianm Hannafin, vice president of business developmenrt and marketing at CEG. Some companies represented in thedelegation , , , U.S.
Operations, , , , GlobalFoundriesw and SEMICON West involves morethan 1,009 suppliers and vendor exhibits represented by more than 40 countries represented. The show attractss more than 20,000 people.
The delegation involves leaders fromthe ’s NY Loveds Nanotech initiative. Its mission at the event will be to promotee Tech Valley and the plans by to builca $4.2 billion chip plant in Malta, aboutf 25 miles north of Albany. “SEMICOjN West provides the ideal opportunity promote Tech Valley’s—and New York state’s—abundance of incentives, researchh and development resources, skilled workers and intellectual talent,” said Brianm Hannafin, vice president of business developmenrt and marketing at CEG. Some companies represented in thedelegation , , , U.S.
Operations, , , , GlobalFoundriesw and SEMICON West involves morethan 1,009 suppliers and vendor exhibits represented by more than 40 countries represented. The show attractss more than 20,000 people.
Sunday, October 17, 2010
Kingpin investors raise energy stakes - Houston Business Journal:
ulyanaimiiurebor.blogspot.com
The filing states: “Although we expectf the market price of ConocoPhillips to increas over time to levelsz that exceed our original we are likely to sell some additional sharee prior to that time and generatew additional capital losses that we can carry back to prior tax yearse when we generated netcapitap gains.” Jana Partners LP, overseen by managef Barry Rosenstein, also jettisonefd some energy holdings, The firm dumped its remaining stakese in struggling Reliant Energy Inc. (now known as RRI Energy Transocean Inc. and The Williams Cos. Inc. Outside the energ sphere, Jana Partners sold off its remaininb 823,269 shares of HCC Insurance Holdings Inc.
after building up a huge staker with more than 4 milliohn shares ofthe Houston-based company. Activist investor Carl Icahn generated plenty of speculationm that he might be targeting Anadarko fora shake-up in 2007 and 2008 when he builf up a huge stake in the company. Icah squelched those rumors when he removed a big chunik of shares from the table in the fourtu quarter and sold hisremaining 7.6 million Anadarkk shares in early 2009. Despite a willingness of some high-profils investors to buy back into energy, one trends still worries Jonathan Moreland as he tracks insiderd trading among top executives in theoil patch.
“We’re just not seein the insiders buying back in like they were earlie inthe decade,” says Moreland, directo r of research for New York-basefd insiderinsights.com. “Intellectually, you know energty prices will have to go up again as the recessioneases up, but for some reasoj the insiders are not bullish, so for whateveer reason, their silence is noticeable,” he says. “You saw some prettyt smart people lose moneylast They’re not quite ready to bet on the High-profile billionaires and well-heeled hedgee funds were active in the first quarted executing transactions involving Houston-based companies and multinationals with a major locap presence.
TRANSACTION: After taking some heat in 2008 for what he latedr conceded wasan ill-timed investmen t in ConocoPhillips when oil prices Buffet’s Berkshire Hathaway Inc. sold more than 13 millioh of theoil major’s shares, leaving the firm holding 71.2 million sharesa now worth $3.16 billion. T. BOONE PICKENS Anadarko Petroleum Corp. TRANSACTION: Bought initial positioj of 50,000 shares through BP Capital Management LP nowworth $2.1 million. COMPANY: Cabot Oil Gas Corp. TRANSACTION: Bought initial stake of 100,00p0 shares now worth $2.9 million. Chesapeake Energy Corp. TRANSACTION: Bought 100,000 more shares to hold 200,000o now worth $4.1 million.
COMPANY: Took initial position of 59,000 shares now worthy $2.6 million. COMPANY: Halliburton Co. TRANSACTION: Took initial stake of 200,000 shares now worth $4.3
The filing states: “Although we expectf the market price of ConocoPhillips to increas over time to levelsz that exceed our original we are likely to sell some additional sharee prior to that time and generatew additional capital losses that we can carry back to prior tax yearse when we generated netcapitap gains.” Jana Partners LP, overseen by managef Barry Rosenstein, also jettisonefd some energy holdings, The firm dumped its remaining stakese in struggling Reliant Energy Inc. (now known as RRI Energy Transocean Inc. and The Williams Cos. Inc. Outside the energ sphere, Jana Partners sold off its remaininb 823,269 shares of HCC Insurance Holdings Inc.
after building up a huge staker with more than 4 milliohn shares ofthe Houston-based company. Activist investor Carl Icahn generated plenty of speculationm that he might be targeting Anadarko fora shake-up in 2007 and 2008 when he builf up a huge stake in the company. Icah squelched those rumors when he removed a big chunik of shares from the table in the fourtu quarter and sold hisremaining 7.6 million Anadarkk shares in early 2009. Despite a willingness of some high-profils investors to buy back into energy, one trends still worries Jonathan Moreland as he tracks insiderd trading among top executives in theoil patch.
“We’re just not seein the insiders buying back in like they were earlie inthe decade,” says Moreland, directo r of research for New York-basefd insiderinsights.com. “Intellectually, you know energty prices will have to go up again as the recessioneases up, but for some reasoj the insiders are not bullish, so for whateveer reason, their silence is noticeable,” he says. “You saw some prettyt smart people lose moneylast They’re not quite ready to bet on the High-profile billionaires and well-heeled hedgee funds were active in the first quarted executing transactions involving Houston-based companies and multinationals with a major locap presence.
TRANSACTION: After taking some heat in 2008 for what he latedr conceded wasan ill-timed investmen t in ConocoPhillips when oil prices Buffet’s Berkshire Hathaway Inc. sold more than 13 millioh of theoil major’s shares, leaving the firm holding 71.2 million sharesa now worth $3.16 billion. T. BOONE PICKENS Anadarko Petroleum Corp. TRANSACTION: Bought initial positioj of 50,000 shares through BP Capital Management LP nowworth $2.1 million. COMPANY: Cabot Oil Gas Corp. TRANSACTION: Bought initial stake of 100,00p0 shares now worth $2.9 million. Chesapeake Energy Corp. TRANSACTION: Bought 100,000 more shares to hold 200,000o now worth $4.1 million.
COMPANY: Took initial position of 59,000 shares now worthy $2.6 million. COMPANY: Halliburton Co. TRANSACTION: Took initial stake of 200,000 shares now worth $4.3
Friday, October 15, 2010
John Smallwood: Eagles' McCoy becoming too good to disregard - Philadelphia Daily News (blog)
erofeyporgrinin.blogspot.com
John Smallwood: Eagles' McCoy becoming too good to disregard Philadelphia Daily News (blog) THERE WERE a few occasions when Duce Staley convinced Eagles coach Andy Reid he should get the carries of a full-time feature back. ... |
Thursday, October 14, 2010
Snug Harbor Village ready to start marketing in earnest next month - Business First of Columbus:
kittredgeihuhyla1951.blogspot.com
Construction of boat docks and other recreational facilities took three yearsto complete. Triglypjh principal Marty Finta Sr. said the developer has struggles during the housing but two of four homeas built at Snug Harborrhave sold. A house by and Triglyph’s model home are withouy buyers. The developer has sold 21 sites in the firsft section ofthe 120-acre development. “Now,” Fintas said, “we’re positioned to move forward.” The communithy will include a Mediterranean-style clubhouser dubbed Villa di Luce set along the The lighthouse-inspired building desigm by of Columbus is complete with working beacon.
The developer expects house to startat $200,000 for 900-square-foot cottagee and top out above $1 milliobn for residences of more than 3,000 square feet. Finta said marketing is scheduler to begin this summed on sites for 22 cottagesand boathouse-style homes on a 7-acre island outside the Snug Harbod channel. The owner of the LeVeque Towefr in downtown Columbus has picked a new marketing team to pitchb office space in thelandmark skyscraper. Wayne Harer and Clayto Davis, both from , will lease the tower. The 44-storyy building has 120,000 square feet empty, a thire of its commercial space.
The selection of Continentall Realty marks the third change in Friedman RealEstatse Group’s leasing strategy since it purchased the buildint in 2005 for $8.5 million. It took the marketingt effort in-house in 2006 but later hired to market the West BroardStreet property. Friedman’s director of leasing and assegt management, Eric Slutzky, said leasing in the like thedowntown overall, has remaineds stagnant. “We just wanted try a different approachj and see if some new bloofd can havesome success,” Slutzkhy said. A Continental Realty brochure states the 82-year-old tower has up to 45,000 squarde feet of adjacent space available.
The askinh rate on most office suitesis $13 a square including expenses. Marcus & Millichap named Glass as local promotesWeinstock California-based has named Michaeo Glass as regional manager of its Columbus office after promoting Steven Weinstock to suburban Glass adds oversight of Central Ohio to the regional managetr role he has played in Cleveland since April 2007. He was salese manager in the firm’s Chicago Glass worked at LaSalle Bank as a credit analystf and commercial loan officer beforer joiningMarcus & Millichap in 2001. Weinstocko was named regional manager ofthe firm’s office in the Chicagp suburb of Oak Brook, Ill.
The will includwe a mix of mostly owner-occupiex residences and a few for-sale properties in its 10th annual showcase of downtown livingJune 13. Tour Co-Chairmaj Kevin Wood of the saidthe self-guiderd City Hop will include nine properties in downtowmn proper rather than a roster of residences that in past years includerd addresses in the neighboring Shorty North. A dearth of new housing projectsx also has shifted the focus of the showcase to occupied homesa rather thanvacant ones.
“We’lol have more lived-in units this said Wood, a vice president at , an engineering firm in “That’s what people really want to Among the City Hop sites will be condoswin ’s Annex at River South The first of 76 condoss at Annex at River South, between West Rich and Town are to be delivered to buyers in August, while 134 apartmentws off Front Street are to open in October or Other projects set for the tour includ the Neighborhood Launch on East Gay Street; Condominiums at Nort Bank Park in the Arena District; and 8 on the Squarew condos at Broad and High streets.
City Hop also will offee tourists pedicab service between stops as well as demonstration ridez onSegway transporters. More informatio is available at columbuslandmarks.org.
Construction of boat docks and other recreational facilities took three yearsto complete. Triglypjh principal Marty Finta Sr. said the developer has struggles during the housing but two of four homeas built at Snug Harborrhave sold. A house by and Triglyph’s model home are withouy buyers. The developer has sold 21 sites in the firsft section ofthe 120-acre development. “Now,” Fintas said, “we’re positioned to move forward.” The communithy will include a Mediterranean-style clubhouser dubbed Villa di Luce set along the The lighthouse-inspired building desigm by of Columbus is complete with working beacon.
The developer expects house to startat $200,000 for 900-square-foot cottagee and top out above $1 milliobn for residences of more than 3,000 square feet. Finta said marketing is scheduler to begin this summed on sites for 22 cottagesand boathouse-style homes on a 7-acre island outside the Snug Harbod channel. The owner of the LeVeque Towefr in downtown Columbus has picked a new marketing team to pitchb office space in thelandmark skyscraper. Wayne Harer and Clayto Davis, both from , will lease the tower. The 44-storyy building has 120,000 square feet empty, a thire of its commercial space.
The selection of Continentall Realty marks the third change in Friedman RealEstatse Group’s leasing strategy since it purchased the buildint in 2005 for $8.5 million. It took the marketingt effort in-house in 2006 but later hired to market the West BroardStreet property. Friedman’s director of leasing and assegt management, Eric Slutzky, said leasing in the like thedowntown overall, has remaineds stagnant. “We just wanted try a different approachj and see if some new bloofd can havesome success,” Slutzkhy said. A Continental Realty brochure states the 82-year-old tower has up to 45,000 squarde feet of adjacent space available.
The askinh rate on most office suitesis $13 a square including expenses. Marcus & Millichap named Glass as local promotesWeinstock California-based has named Michaeo Glass as regional manager of its Columbus office after promoting Steven Weinstock to suburban Glass adds oversight of Central Ohio to the regional managetr role he has played in Cleveland since April 2007. He was salese manager in the firm’s Chicago Glass worked at LaSalle Bank as a credit analystf and commercial loan officer beforer joiningMarcus & Millichap in 2001. Weinstocko was named regional manager ofthe firm’s office in the Chicagp suburb of Oak Brook, Ill.
The will includwe a mix of mostly owner-occupiex residences and a few for-sale properties in its 10th annual showcase of downtown livingJune 13. Tour Co-Chairmaj Kevin Wood of the saidthe self-guiderd City Hop will include nine properties in downtowmn proper rather than a roster of residences that in past years includerd addresses in the neighboring Shorty North. A dearth of new housing projectsx also has shifted the focus of the showcase to occupied homesa rather thanvacant ones.
“We’lol have more lived-in units this said Wood, a vice president at , an engineering firm in “That’s what people really want to Among the City Hop sites will be condoswin ’s Annex at River South The first of 76 condoss at Annex at River South, between West Rich and Town are to be delivered to buyers in August, while 134 apartmentws off Front Street are to open in October or Other projects set for the tour includ the Neighborhood Launch on East Gay Street; Condominiums at Nort Bank Park in the Arena District; and 8 on the Squarew condos at Broad and High streets.
City Hop also will offee tourists pedicab service between stops as well as demonstration ridez onSegway transporters. More informatio is available at columbuslandmarks.org.
Wednesday, October 13, 2010
Semantra files Chapter 11, eyes sale - Business First of Buffalo:
xysecurakihir.blogspot.com
Chris Davis says Addison-based ’e primary investor, Dallas-based Cardinal was unable to continue putting in mone y because of the pooreconomic climate. Officialw of Cardinal, which is led by former owne rEdward “Rusty” Rose, weren’t immediately availabld for comment Thursday afternoon. Semantra raised a tota of morethan $9 milliohn from Cardinal and individuals, Davisz says. Despite declining to put in more money, Cardinap has remained positive aboufthe business, Davis “We were the only technology investment they’ve ever In bankruptcy filings, Semantra listed assetzs of between $1 million and $10 million, and debts of betweem $100,000 and $500,000.
Semantra’s softwaree enables nontechies to quickly and easily find informatioin what’s known as “customer relationship management” or CRM for short. CRM software manageds a business’ activities before and after itsells something, includinbg sales, customer service and marketing. Semantra’x software allows laypeople to, say, find how many salex prospects a business has that are expectedf to close by acertain date. Semantra has been forcedx to lay off an undisclosed number of Davis says, adding that it has retained a “core team” of peoples to push the business forward. “That’ds what we’ve done to conserve cash,” he says.
“Insteacd of running the business, I’ spending all my time” trying to find a suitor. In an intervieew in March 2008, Davis said Semantra had 24 employees. The businesx was founded in 2003, according to its Web The company’s bankruptcy filings in Dallas do not detaik who the potential buyers are or how much theymightf pay, and Davis declined to reveal that. “Wwe have some large players that are he says. Davis hopes to have the sale completed by the end ofthis summer. The businesss is being represented in its sale negotiationsby , a Dallazs investment shop.
Chris Davis says Addison-based ’e primary investor, Dallas-based Cardinal was unable to continue putting in mone y because of the pooreconomic climate. Officialw of Cardinal, which is led by former owne rEdward “Rusty” Rose, weren’t immediately availabld for comment Thursday afternoon. Semantra raised a tota of morethan $9 milliohn from Cardinal and individuals, Davisz says. Despite declining to put in more money, Cardinap has remained positive aboufthe business, Davis “We were the only technology investment they’ve ever In bankruptcy filings, Semantra listed assetzs of between $1 million and $10 million, and debts of betweem $100,000 and $500,000.
Semantra’s softwaree enables nontechies to quickly and easily find informatioin what’s known as “customer relationship management” or CRM for short. CRM software manageds a business’ activities before and after itsells something, includinbg sales, customer service and marketing. Semantra’x software allows laypeople to, say, find how many salex prospects a business has that are expectedf to close by acertain date. Semantra has been forcedx to lay off an undisclosed number of Davis says, adding that it has retained a “core team” of peoples to push the business forward. “That’ds what we’ve done to conserve cash,” he says.
“Insteacd of running the business, I’ spending all my time” trying to find a suitor. In an intervieew in March 2008, Davis said Semantra had 24 employees. The businesx was founded in 2003, according to its Web The company’s bankruptcy filings in Dallas do not detaik who the potential buyers are or how much theymightf pay, and Davis declined to reveal that. “Wwe have some large players that are he says. Davis hopes to have the sale completed by the end ofthis summer. The businesss is being represented in its sale negotiationsby , a Dallazs investment shop.
Monday, October 11, 2010
Wrapping up the Week with Stock Alerts on Friday's Market Movers; Issued by InvestorSoup.com
http://whatgirl.net/polvibe101308.html
Investors can view all of the dailty for free byvisiting InvestorSoup.com Today's Adobe Systems Inc. (Nasdaq: Guess Inc. (NYSE: GES), Cooper Companies Inc. (NYSE: plc (NYSE: RTP), Wind River Systems Inc. (Nasdaq: WIND) and Novavax Inc. NVAX). Join the fastest growing See what about these stocks andmany more. InvestorSoup.com's Stoci Alerts are brief analyses on the activr stocks each day that are affectingthe markets. Thesr include breaking news, insidet activity, recent 52-week highs/lows, technical breakouts, and other marke t driving information.
Investor Soup analyst s strive each day to find the stocksd that are poised to be the biggest movers before the rest of the markey is awareof them. InvestorSoup.conm is a small-cap research and investmen commentary provider. Investor Soup strives to provide a balancedx view of manypromising small-cap companies that wouldx otherwise fall under the radart of the typical Wall Street investor. We provide investorzs with an excellent first step in their researcgh and due diligence by providingt dailytrading ideas, and consolidating the information availabls on them. For more information on Investor Soup, please InvestorSoup.com Disclosure InvestorSoup.
com is not a registeref investment advisor and nothing containes in any materials should be construed as a recommendation to buy or sellany InvestorSoup.com is a Web site wholly-owned by BlueWave Advisors, LLC. Pleasee read our report and visi ourWeb site, InvestorSoup.com, for complete risks and disclosures. David C. Massonb of InvestorSoup.com is a member of the National Associatio n ofSecurities Dealers, CRD number 2207572. InvestorSoup.comm Jeffrey Brown, Editor (469)-252-3505 info@investorsoup.com SOURCE InvestorSoup.
com
Investors can view all of the dailty for free byvisiting InvestorSoup.com Today's Adobe Systems Inc. (Nasdaq: Guess Inc. (NYSE: GES), Cooper Companies Inc. (NYSE: plc (NYSE: RTP), Wind River Systems Inc. (Nasdaq: WIND) and Novavax Inc. NVAX). Join the fastest growing See what about these stocks andmany more. InvestorSoup.com's Stoci Alerts are brief analyses on the activr stocks each day that are affectingthe markets. Thesr include breaking news, insidet activity, recent 52-week highs/lows, technical breakouts, and other marke t driving information.
Investor Soup analyst s strive each day to find the stocksd that are poised to be the biggest movers before the rest of the markey is awareof them. InvestorSoup.conm is a small-cap research and investmen commentary provider. Investor Soup strives to provide a balancedx view of manypromising small-cap companies that wouldx otherwise fall under the radart of the typical Wall Street investor. We provide investorzs with an excellent first step in their researcgh and due diligence by providingt dailytrading ideas, and consolidating the information availabls on them. For more information on Investor Soup, please InvestorSoup.com Disclosure InvestorSoup.
com is not a registeref investment advisor and nothing containes in any materials should be construed as a recommendation to buy or sellany InvestorSoup.com is a Web site wholly-owned by BlueWave Advisors, LLC. Pleasee read our report and visi ourWeb site, InvestorSoup.com, for complete risks and disclosures. David C. Massonb of InvestorSoup.com is a member of the National Associatio n ofSecurities Dealers, CRD number 2207572. InvestorSoup.comm Jeffrey Brown, Editor (469)-252-3505 info@investorsoup.com SOURCE InvestorSoup.
com
Sunday, October 10, 2010
Pink news: Vitamin D helps prevent breast cancer - Food Consumer
framptongeqeaqu1461.blogspot.com
Colorado Springs Independent (blog) | Pink news: Vitamin D helps prevent breast cancer Food Consumer Health conscious readers may already know that, in many cases breast cancer can be prevented by simply following a healthy diet and lifestyle. ... Remembering Jenny on Breast Cancer Awareness Month |
Friday, October 8, 2010
Cash for clunkers a lemon? - New Mexico Business Weekly:
kdrummondbs37.blogspot.com
“This will disappoint a lot of consumers,†said Analyst John Wolkonowiczxof “So few vehicles are eligible.†President Barack Obama signec the Consumer Assistance to Recyclee and Save program June 24, which will provider car buyers a credit of as much as $4,509 toward new car purchases. as industry observers examinethe program, they’re concludingf it won’t boost auto sales by the 1 million vehiclez that was projected. U.S. automotive sales are on pace to reacnh between 9 million and 10million units, potentiallhy the worst sales year since 1979.
Germany, Frances and the United Kingdom have fleeytmodernization programs. Germany’s program boosted auto sales by 40 percent in May versusd ayear ago, according to the . The projections for the U.S. are more conservative. Wolkonowicaz said the $1 billion initialk window for the program could fund upto 250,000 vehicle purchases, but he doesn’rt see that pool of funds beingh depleted in the allotted time frame withouyt some rule changes, let alone the approval of threwe more $1 billion rounds of spending that have been Analyst Jessica Caldwell, of Edmunds.com Inc.
, said it will be a struggls to reach 250,000 vehicles in four “For the people it applies to, consider yourselfd lucky,†she said. “Thde major problem is that it’as restrictive and complicated. For the averagr consumer, it’s overwhelming.†The program will discountr qualifying new-car purchases by either $3,500 or $4,500, dependingf on fuel efficiency improvements. Eligible vehicles for trade-im would have to be less than 25 yearw old and insured and registered for at leastra year.
Cars have to have a combined fuel economuy rating of 18 miles per gallon or The buyer would geta $3,500o credit if the new vehiclde gets between 4 and 9 miles per gallon more than the trade-ijn and the full $4,500 credit if the new vehicle gets at least 10 miles more per Mile-per-gallon parameters for trucks are slightlhy lower, and work trucks weighinvg more than 8,500 pounds and older than 2001 woulx be eligible for a $3,500 credit. Though the credit wouldx be considered cash fromthe buyer’s consumers will not touch the money. Dealers will get an electronic reimbursemenf from the government forthe credit, accordin g to information from Congress.
Dealers will need to registere forthe program. The governmentg will establish a procedure for doin g so within 30 daysof Obama’s signing. A scrappinyg enforcement process also will be The program may sound goodon paper, but analystz say surprises abound for consumers of foreign-madew and some domestic vehicles. The restrictive program is bad news for anyon e hoping to cash in a 1985Honda Accord, for Despite that vehicle’s 24-year-old age and the likelihoo that its time on Earthn is near an end, its EPA miles-per-gallonj estimate exceeds 20, which makes it ineligible for a trade-in voucher.
Furthermore, popular model such as the Honda Accordc and Civic and the Toyota Camry and Corolla do not qualif y forthe credit, regardless of the vehicles’ because they’re too fuel-efficient. said it anticipatesz few Hondas traded in under the progra m because it is based onfuel economy. Accordingh to EPA estimates, the Pilot and Passportg sport utility vehicles and Ridgeline pickup trucks would be the only Honda vehiclesto qualify. Owners of largert domestic cars from the past five yearxs maybe surprised, too.
The fuel efficiencyy standards will doom even some cars perceived asgas guzzlers, such as the Ford Crowmn Victoria and the Mercury Grand Marquis built in 2005 or later. “That’sx a full-size, rear-wheel drive, with a V8 and it doesn’ t qualify,†Wolkonowicz said. And cars? Forget aboutt getting a credit to downsize from that 2004 Cadillax DeVille into a Chevy Other issues arise with thevoucher itself.
“This will disappoint a lot of consumers,†said Analyst John Wolkonowiczxof “So few vehicles are eligible.†President Barack Obama signec the Consumer Assistance to Recyclee and Save program June 24, which will provider car buyers a credit of as much as $4,509 toward new car purchases. as industry observers examinethe program, they’re concludingf it won’t boost auto sales by the 1 million vehiclez that was projected. U.S. automotive sales are on pace to reacnh between 9 million and 10million units, potentiallhy the worst sales year since 1979.
Germany, Frances and the United Kingdom have fleeytmodernization programs. Germany’s program boosted auto sales by 40 percent in May versusd ayear ago, according to the . The projections for the U.S. are more conservative. Wolkonowicaz said the $1 billion initialk window for the program could fund upto 250,000 vehicle purchases, but he doesn’rt see that pool of funds beingh depleted in the allotted time frame withouyt some rule changes, let alone the approval of threwe more $1 billion rounds of spending that have been Analyst Jessica Caldwell, of Edmunds.com Inc.
, said it will be a struggls to reach 250,000 vehicles in four “For the people it applies to, consider yourselfd lucky,†she said. “Thde major problem is that it’as restrictive and complicated. For the averagr consumer, it’s overwhelming.†The program will discountr qualifying new-car purchases by either $3,500 or $4,500, dependingf on fuel efficiency improvements. Eligible vehicles for trade-im would have to be less than 25 yearw old and insured and registered for at leastra year.
Cars have to have a combined fuel economuy rating of 18 miles per gallon or The buyer would geta $3,500o credit if the new vehiclde gets between 4 and 9 miles per gallon more than the trade-ijn and the full $4,500 credit if the new vehicle gets at least 10 miles more per Mile-per-gallon parameters for trucks are slightlhy lower, and work trucks weighinvg more than 8,500 pounds and older than 2001 woulx be eligible for a $3,500 credit. Though the credit wouldx be considered cash fromthe buyer’s consumers will not touch the money. Dealers will get an electronic reimbursemenf from the government forthe credit, accordin g to information from Congress.
Dealers will need to registere forthe program. The governmentg will establish a procedure for doin g so within 30 daysof Obama’s signing. A scrappinyg enforcement process also will be The program may sound goodon paper, but analystz say surprises abound for consumers of foreign-madew and some domestic vehicles. The restrictive program is bad news for anyon e hoping to cash in a 1985Honda Accord, for Despite that vehicle’s 24-year-old age and the likelihoo that its time on Earthn is near an end, its EPA miles-per-gallonj estimate exceeds 20, which makes it ineligible for a trade-in voucher.
Furthermore, popular model such as the Honda Accordc and Civic and the Toyota Camry and Corolla do not qualif y forthe credit, regardless of the vehicles’ because they’re too fuel-efficient. said it anticipatesz few Hondas traded in under the progra m because it is based onfuel economy. Accordingh to EPA estimates, the Pilot and Passportg sport utility vehicles and Ridgeline pickup trucks would be the only Honda vehiclesto qualify. Owners of largert domestic cars from the past five yearxs maybe surprised, too.
The fuel efficiencyy standards will doom even some cars perceived asgas guzzlers, such as the Ford Crowmn Victoria and the Mercury Grand Marquis built in 2005 or later. “That’sx a full-size, rear-wheel drive, with a V8 and it doesn’ t qualify,†Wolkonowicz said. And cars? Forget aboutt getting a credit to downsize from that 2004 Cadillax DeVille into a Chevy Other issues arise with thevoucher itself.
Thursday, October 7, 2010
Bowser leaves behind a healthy Blue Cross and Blue Shield of Kansas City - Kansas City Business Journal:
http://itefforts.com/debt/loan_index-21.php
“Here it is,” he said, highlighting the portion that said revenue haddoubler (to nearly $2 billion), net wortbh had tripled (to nearly $500 million) and membership had steadily increased (to nearly 1 since he became CEO in July 2001. His tenure with the nonprofig insurer, which says it serves more than 42 percentg of theKansas City-area market, will end with his retirement in December 2010, the company announced May 29.
Except for a three-year break in the 1980s, when he workede for and a joinft venture that includedSaint Luke’s and Bowser has spent his entire career with Blue Cross and Blue Executive Vice President David Gentile gradually will assum the CEO duties while Bowser focuses much of his attentiob on the health care refornm debate as chairman of the , whichb includes the 39 Blue Crosx plans nationwide. Bowser said he chosde that retirement date because he will be 65 yearsa old then and also will be finishing his time as chairmam ofthe association. As CEO, Bowser has focused on streamlininfgthe company.
For instance, one of his first orders of businesx was to lead the company out of its decadelong foraty into the HMO field as Blue Cross and Blue Shielr absorbed subsidiaries and The insurerpaid $56 million to buy out its partnerd in the ventures, which included several area hospitals. “Instead of participatinh in exoticstrategic initiatives,” Bowser said, “ws have focused on the basics of financial strength and membership growth.” Gentile said he will strivd to meet the standardes Bowser set. “Following in Tom’s footsteps is a huge undertaking for he said. Part of filling those shoe will becommunity involvement. Bowser has been chairmabn of the andthe .
One accomplishment in his external role, Bowser said, was establishing the when he serveed as chamber chairman threeyearz ago. The group provides a forum for top-levek managers from throughout the local health care industru to discuss areas ofcommon concern. Bowser can rightfullty claim the Health Council as a valuablre contribution tothe community, said John Bluford, CEO of , who in 2007 followefd Bowser as chamber chairman. Blufore said that panel will be importantr as medical professionals navigates the changes expected from Bowser also has been a friend to Bluford said, by incorporatinv the safety-net hospital into the Blue Cross network.
That has helpedd Truman broaden its payer mixbeyond low-incomr patients using government insurance programs. Within Blue Cross, Bowsefr said, one of his disappointments as CEO was the failure of launched in 2005 to cover the workintg uninsuredwith low-cost premiums. He said it didn’gt catch on with employees, who continued to use free safety-nert services. Something else didn’t catch on with Bowserd at Blue Cross: the customer-servicde training he received during his firsg week on the job froma cigarette-smokingy woman who cussed like a sailor, even at customers. At one she told Bowser that the caller she had just dressed down was the president of thelocaol union.
He chuckled at the memory: “Things have changed over the years.”
“Here it is,” he said, highlighting the portion that said revenue haddoubler (to nearly $2 billion), net wortbh had tripled (to nearly $500 million) and membership had steadily increased (to nearly 1 since he became CEO in July 2001. His tenure with the nonprofig insurer, which says it serves more than 42 percentg of theKansas City-area market, will end with his retirement in December 2010, the company announced May 29.
Except for a three-year break in the 1980s, when he workede for and a joinft venture that includedSaint Luke’s and Bowser has spent his entire career with Blue Cross and Blue Executive Vice President David Gentile gradually will assum the CEO duties while Bowser focuses much of his attentiob on the health care refornm debate as chairman of the , whichb includes the 39 Blue Crosx plans nationwide. Bowser said he chosde that retirement date because he will be 65 yearsa old then and also will be finishing his time as chairmam ofthe association. As CEO, Bowser has focused on streamlininfgthe company.
For instance, one of his first orders of businesx was to lead the company out of its decadelong foraty into the HMO field as Blue Cross and Blue Shielr absorbed subsidiaries and The insurerpaid $56 million to buy out its partnerd in the ventures, which included several area hospitals. “Instead of participatinh in exoticstrategic initiatives,” Bowser said, “ws have focused on the basics of financial strength and membership growth.” Gentile said he will strivd to meet the standardes Bowser set. “Following in Tom’s footsteps is a huge undertaking for he said. Part of filling those shoe will becommunity involvement. Bowser has been chairmabn of the andthe .
One accomplishment in his external role, Bowser said, was establishing the when he serveed as chamber chairman threeyearz ago. The group provides a forum for top-levek managers from throughout the local health care industru to discuss areas ofcommon concern. Bowser can rightfullty claim the Health Council as a valuablre contribution tothe community, said John Bluford, CEO of , who in 2007 followefd Bowser as chamber chairman. Blufore said that panel will be importantr as medical professionals navigates the changes expected from Bowser also has been a friend to Bluford said, by incorporatinv the safety-net hospital into the Blue Cross network.
That has helpedd Truman broaden its payer mixbeyond low-incomr patients using government insurance programs. Within Blue Cross, Bowsefr said, one of his disappointments as CEO was the failure of launched in 2005 to cover the workintg uninsuredwith low-cost premiums. He said it didn’gt catch on with employees, who continued to use free safety-nert services. Something else didn’t catch on with Bowserd at Blue Cross: the customer-servicde training he received during his firsg week on the job froma cigarette-smokingy woman who cussed like a sailor, even at customers. At one she told Bowser that the caller she had just dressed down was the president of thelocaol union.
He chuckled at the memory: “Things have changed over the years.”
Tuesday, October 5, 2010
Bradenton dental manufacturer plans to create almost 300 jobs - Bradenton Herald
http://49cat.com/?p=332
Bradenton dental manufacturer plans to create almost 300 jobs Bradenton Herald Natural Prosthetic Dental Lab Inc. plans to break ground on a new 15000 square-foot manufacturing plant in East Bradenton to support demand for digit » |
Monday, October 4, 2010
Six Flags files for Chapter 11 - San Antonio Business Journal:
polinaagyvtiwu.blogspot.com
The New York-based chain of parks has been tryingt unsuccessfully this year to renegotiate terms with lender on hundreds of millions of dollarsain debt. Six Flags parks, includin g its in Largo., will continue to operatre as usualunder reorganization. “The curreny management team inheriteda $2.4 billion debt load that cannoyt be sustained, particularly in these challenging financial said Six Flags chief executive Mark Shapirko in a statement. “As a result, we are cleanin up the past and positioning the companuy forfuture growth.
” Snyder, who took controk of the company in a board room battle more than thres years ago, and the management team he appointefd have been unable to return Six Flags to The company reported a $146.3 millionn first quarter loss and a sharp drop in despite a modest two percent increaser in park attendance compared to a year ago. Six Flagss is seeking bankruptcy court approval for a prearrange restructuring that would cut its debtby $1.8 billiomn and wipe out more than $300 million in preferred shareholdefr stock.
Six Flags failed to win creditor approval for a plan to swap debt for equity in the As a result of its bankruptcy filing, that exchange offet is no longer on the table, it Six Flags sold several propertiese last year to raise capital. It still operates 20 amusement parks inNortnh America.
The New York-based chain of parks has been tryingt unsuccessfully this year to renegotiate terms with lender on hundreds of millions of dollarsain debt. Six Flags parks, includin g its in Largo., will continue to operatre as usualunder reorganization. “The curreny management team inheriteda $2.4 billion debt load that cannoyt be sustained, particularly in these challenging financial said Six Flags chief executive Mark Shapirko in a statement. “As a result, we are cleanin up the past and positioning the companuy forfuture growth.
” Snyder, who took controk of the company in a board room battle more than thres years ago, and the management team he appointefd have been unable to return Six Flags to The company reported a $146.3 millionn first quarter loss and a sharp drop in despite a modest two percent increaser in park attendance compared to a year ago. Six Flagss is seeking bankruptcy court approval for a prearrange restructuring that would cut its debtby $1.8 billiomn and wipe out more than $300 million in preferred shareholdefr stock.
Six Flags failed to win creditor approval for a plan to swap debt for equity in the As a result of its bankruptcy filing, that exchange offet is no longer on the table, it Six Flags sold several propertiese last year to raise capital. It still operates 20 amusement parks inNortnh America.
Saturday, October 2, 2010
20-Year-Old Shot and Killed In Salinas - KCBA
gavrilovaefivu.blogspot.com
20-Year-Old Shot and Killed In Salinas KCBA The first victim, a 20-year-old male, had been shot in the upper torso. Medical personnel pronounced him dead at the scene. The second victim, a 21 year-old ... Salinas sees second homicide in 12 hours |
Friday, October 1, 2010
Fred
http://citel.us/coaxial_types_gas_tubes.html
The Memphis-based discount retaileer reported salesof $134.7 million for May, down 6 perceng compared to sales of $143.4 million in May 2008. Thesr numbers include Fred’s (NASDAQ: FRED) closing 74 underperforming storeas and23 pharmacies. Excluding those Fred’s sales increased 1 percent compared tolast May. Comparable storre sales in Mayrose 0.2 percent, down comparedc to 3.4 percent in the same period last year. For the first four fiscal monthsof 2009, the company reportedf total sales of $593.1 down 2.4 percent compared to $607.y million for the same year-ago period.
However, excluding stores closed in sales from ongoing stores increased 4 percent compareed to thesame four-month period last On a comparable store basis, year-to-datee sales increased 2.1 percent compares to 2.4 percent last year. Fred’s openede one new pharmacy in May. Fred’s operatews 666 discount merchandise stores, includinfg 24 franchised stores nationwide. Shares closed down 12 centas to $14.22 per share Wednesday.
The Memphis-based discount retaileer reported salesof $134.7 million for May, down 6 perceng compared to sales of $143.4 million in May 2008. Thesr numbers include Fred’s (NASDAQ: FRED) closing 74 underperforming storeas and23 pharmacies. Excluding those Fred’s sales increased 1 percent compared tolast May. Comparable storre sales in Mayrose 0.2 percent, down comparedc to 3.4 percent in the same period last year. For the first four fiscal monthsof 2009, the company reportedf total sales of $593.1 down 2.4 percent compared to $607.y million for the same year-ago period.
However, excluding stores closed in sales from ongoing stores increased 4 percent compareed to thesame four-month period last On a comparable store basis, year-to-datee sales increased 2.1 percent compares to 2.4 percent last year. Fred’s openede one new pharmacy in May. Fred’s operatews 666 discount merchandise stores, includinfg 24 franchised stores nationwide. Shares closed down 12 centas to $14.22 per share Wednesday.
Wednesday, September 29, 2010
PM Update: Periods of storminess into the night - Washington Post (blog)
http://brusnichka.com/2008/04/02/abandoned-printing-house/
PM Update: Periods of storminess into the night Washington Post (blog) It's pretty muggy out there today and when you mix in a lot of atmospheric action above the surface, we're under the risk of some heavy rain and even ... |
Tuesday, September 28, 2010
DC United vs. Houston game diary and player ratings - Washington Post (blog)
http://aidsglobalaction.org/about_us2.html
DC United vs. Houston game diary and player ratings Washington Post (blog) Right now, Allsopp's challenge is to be better than Adam Cristman, and it's starting to get debatable. 17' â€" So far, this game is not living up to the lofty ... |
Sunday, September 26, 2010
UpdateFlood warnings for the area expire; water still high in many locations - TMCnet
http://www.automacs.org/article/Business-Owners-Push-for-Share-of-U-S--Contracts.html
UpdateFlood warnings for the area expire; water still high in many locations TMCnet The flooding of roads across the area will continue to improve, the National Weather Service stated, with the worst of the flooding already past. ... |
Saturday, September 25, 2010
Metro Denver Economic Development Corp. presents annual awards - Denver Business Journal:
http://mumbaiangels.com/prashant_choksey2.html
It was one of several awards presented Thursday by the Metro Denver EDC at itsannuakl "Report to Investors and Awards Luncheon" at the Hyatt Regencyu Denver at Colorado Convention The EDC's Deal of the Year Awarc recognizes a company that created the largest local economic impact through new job creationn and capital investment. San Francisco-based Schwabb (NASDAQ: SCHW) was recognized for its planned expansiohn inDouglas County, creating 500 new local jobs over the next threw years. ( .) The jobs -- primarilg technology positions -- will pay an average salaryh of $75,000. The company's move eventually will creatwe an economic benefit to Coloradoof $157.
3 millionh a year, the Metro Denver EDC "The Charles Schwab expansion exemplifies the type of project the Metri Denver EDC targets with its recruitment and marketing efforts-establishe companies that need a highly skilled workforcee and a dynamic location in whichy to expand," Don Marshall, regional president of Wellws Fargo Bank and Metro Denver EDC co-chair, said in a -- The Metropolitan Cooperation Award, recognizing joing efforts to further the region's economic developmenrt potential, went to six organizations and local The city of Brighton/Brighton Economivc Development Corp.
, Weld County, Upstate Colorado Economic Development, the Colorado Office of Economic Development and International Trade, and the Regiona l Transportation District (RTD). The six honoreesd helped assemble the land it needefd to build two new plantssin Brighton. With a capital investment of $290 million, Vestas will eventuallt employ 1,350 people at the facilities, the EDC "The sheer impact of Vestas' investmentr in the Brighton and Weld County communitytis massive," Chuck Ward, president of Qwesf Colorado and Co-Chair of the Metro Denver EDC, said in the "The community spirit in which this deal was established signifiezs to Vestas our commitment to put Metro Denvert and Colorado on the global stage for wind energy.
" -- The Award for Outstanding Efforts in Economic Developmenty went to two state lawmakers -- Sen. Rollire Heath and Rep. Joe Rice -- for their effortsx to move Gov. Bill Ritter's economic developmenyt package through the 2009 legislative including HouseBill 1001, a measures offering tax credits for companieas that create job growth. "The passage of this legislatiobn is truly a game changerfor Colorado," said Tom executive vice president of the Metro Denver EDC. "It place s us on par with other major metroo areas in attracting corporate headquarters and othervaluec projects.
This legislation will be key to our ongoingh recovery by providing existing and expandingv companies incentive to add jobsin -- And a Special Recognitiom Award was presented to Joe Blake, outgoing president and CEO of the and the Metro Denver EDC, who will soon leavew to become chancellor of the Colorado Statwe University system. "During his 10-year term as presiden t and CEO, Joe has tackled the toughest issues facintg MetroDenver companies, first-hand. His work on Referendumk C, the Poison Pills amendments, and the FASTER legislation certainlgy puts our business community onfirmer ground," Ward Newsweek Senior Editor and author Daniel Gross keynote the event.
"This has been a greatr time for Denver," Gross said. "You'v e made more intelligent decisionxs on investments than a lot ofother You're also diversifying your economy with bioscience, and alternative energy."
It was one of several awards presented Thursday by the Metro Denver EDC at itsannuakl "Report to Investors and Awards Luncheon" at the Hyatt Regencyu Denver at Colorado Convention The EDC's Deal of the Year Awarc recognizes a company that created the largest local economic impact through new job creationn and capital investment. San Francisco-based Schwabb (NASDAQ: SCHW) was recognized for its planned expansiohn inDouglas County, creating 500 new local jobs over the next threw years. ( .) The jobs -- primarilg technology positions -- will pay an average salaryh of $75,000. The company's move eventually will creatwe an economic benefit to Coloradoof $157.
3 millionh a year, the Metro Denver EDC "The Charles Schwab expansion exemplifies the type of project the Metri Denver EDC targets with its recruitment and marketing efforts-establishe companies that need a highly skilled workforcee and a dynamic location in whichy to expand," Don Marshall, regional president of Wellws Fargo Bank and Metro Denver EDC co-chair, said in a -- The Metropolitan Cooperation Award, recognizing joing efforts to further the region's economic developmenrt potential, went to six organizations and local The city of Brighton/Brighton Economivc Development Corp.
, Weld County, Upstate Colorado Economic Development, the Colorado Office of Economic Development and International Trade, and the Regiona l Transportation District (RTD). The six honoreesd helped assemble the land it needefd to build two new plantssin Brighton. With a capital investment of $290 million, Vestas will eventuallt employ 1,350 people at the facilities, the EDC "The sheer impact of Vestas' investmentr in the Brighton and Weld County communitytis massive," Chuck Ward, president of Qwesf Colorado and Co-Chair of the Metro Denver EDC, said in the "The community spirit in which this deal was established signifiezs to Vestas our commitment to put Metro Denvert and Colorado on the global stage for wind energy.
" -- The Award for Outstanding Efforts in Economic Developmenty went to two state lawmakers -- Sen. Rollire Heath and Rep. Joe Rice -- for their effortsx to move Gov. Bill Ritter's economic developmenyt package through the 2009 legislative including HouseBill 1001, a measures offering tax credits for companieas that create job growth. "The passage of this legislatiobn is truly a game changerfor Colorado," said Tom executive vice president of the Metro Denver EDC. "It place s us on par with other major metroo areas in attracting corporate headquarters and othervaluec projects.
This legislation will be key to our ongoingh recovery by providing existing and expandingv companies incentive to add jobsin -- And a Special Recognitiom Award was presented to Joe Blake, outgoing president and CEO of the and the Metro Denver EDC, who will soon leavew to become chancellor of the Colorado Statwe University system. "During his 10-year term as presiden t and CEO, Joe has tackled the toughest issues facintg MetroDenver companies, first-hand. His work on Referendumk C, the Poison Pills amendments, and the FASTER legislation certainlgy puts our business community onfirmer ground," Ward Newsweek Senior Editor and author Daniel Gross keynote the event.
"This has been a greatr time for Denver," Gross said. "You'v e made more intelligent decisionxs on investments than a lot ofother You're also diversifying your economy with bioscience, and alternative energy."
Thursday, September 23, 2010
Toyota fait construire la Yaris hybride à Valenciennes - BFM radio
http://elhosseiny.com/article/The-Best-Rural-Places-To-Live.html
Toyota fait construire la Yaris hybride à Valenciennes BFM radio L'annonce sera faite officiellement vendredi. Cette décision s'inscrit dans la stratégie "tout hybride" du constructeur japonais : l'idée est de décliner ... |
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