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.
”
Monday, November 29, 2010
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 รข€" 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.
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