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Monday, December 31, 2012
Friday, December 28, 2012
Deep in the woods, pot growing thrives - USA TODAY
ogarawo.wordpress.com
Deep in the woods, pot growing thrives USA TODAY The silence of the Chequamegon-Nicolet National Forest is broken only by the sound of Jeff Seefeldt's boots as he walks toward a clearing in the deep woods. Seefeldt, a district ranger for the U.S. Forest Service, points out the trees and brushes that ... |
Thursday, December 27, 2012
Bay Area CFOs of the year named - Houston Business Journal:
lyubomiradete.blogspot.com
More than 400 local business leaders attended a dinner and award s ceremony at the Palace Hotel in San Francisco to honor the winnerdsand finalists. The money raised at the evenr supports , which for 25 yeards has served homelessand at-risk youth in San Francisco through its programz in outreach, housing, medical and social education and job “These awards honor the best of the best. Thesd financial leaders exemplifythe professionalism, integrity, resilience and mastery of key skillws that make a great CFO,” said Mary publisher, San Francisco Business and co-presenter of the Bay Area CFO of the Year Said Sherilyn Adams, executive director, Larkinm Street Youth Services: “Larkin Street Youthh Services is honored to be the beneficiary of this The money raised by the CFO awards even will be invested as 84 cents of everyh dollar will directly benefit the over 3,50o youth we s erve each year.
” Winner, Lifetime Achievemenrt Award: Peter Darbee, PG&E and Pacific Gas and Electric Co. Winner, Publif Company with revenues above $500 million: Danie l Heinrich, the (NYSE: CLX). Finalists: Paul Coghlan, (NASDAQ: LLTC); Mark Garrett, (NASDAQ: Winner, Public Company with revenues upto $500 Martin Kropelnicki, . Finalists: Thomas (NASDAQ: PEET); Randy Gottfried, (NASDAQ: RVBD). Non-Public Company: Nathan Brostrom, . Finalist: Thomas Winner, Venture-Backed Company: Jack Finalists: Donald McCauley, ; Greg Winner, Community Service: Paul Sussman, Tenderloinn Neighborhood Development Corp. Finalists: Steve ; Michael Braude, . Winner, Transformatiob Agent: Byron Pollitt, Inc.
(NYSE: V) Finalists: Jame s Beer, (NASDAQ: SYMC); Lewie Chew, Corp (NYSE: NSM). The 2009 Bay Area CFO of the Year Awardw is a partnership betwee the San Francisco Business Times which included an advertising supplement profiling the winnere in its May 29issuse — and Larkin Street Youtgh Services. All proceeds from this event benefig Larkin StreetYouth Services. Deloitte was the titl sponsor.
More than 400 local business leaders attended a dinner and award s ceremony at the Palace Hotel in San Francisco to honor the winnerdsand finalists. The money raised at the evenr supports , which for 25 yeards has served homelessand at-risk youth in San Francisco through its programz in outreach, housing, medical and social education and job “These awards honor the best of the best. Thesd financial leaders exemplifythe professionalism, integrity, resilience and mastery of key skillws that make a great CFO,” said Mary publisher, San Francisco Business and co-presenter of the Bay Area CFO of the Year Said Sherilyn Adams, executive director, Larkinm Street Youth Services: “Larkin Street Youthh Services is honored to be the beneficiary of this The money raised by the CFO awards even will be invested as 84 cents of everyh dollar will directly benefit the over 3,50o youth we s erve each year.
” Winner, Lifetime Achievemenrt Award: Peter Darbee, PG&E and Pacific Gas and Electric Co. Winner, Publif Company with revenues above $500 million: Danie l Heinrich, the (NYSE: CLX). Finalists: Paul Coghlan, (NASDAQ: LLTC); Mark Garrett, (NASDAQ: Winner, Public Company with revenues upto $500 Martin Kropelnicki, . Finalists: Thomas (NASDAQ: PEET); Randy Gottfried, (NASDAQ: RVBD). Non-Public Company: Nathan Brostrom, . Finalist: Thomas Winner, Venture-Backed Company: Jack Finalists: Donald McCauley, ; Greg Winner, Community Service: Paul Sussman, Tenderloinn Neighborhood Development Corp. Finalists: Steve ; Michael Braude, . Winner, Transformatiob Agent: Byron Pollitt, Inc.
(NYSE: V) Finalists: Jame s Beer, (NASDAQ: SYMC); Lewie Chew, Corp (NYSE: NSM). The 2009 Bay Area CFO of the Year Awardw is a partnership betwee the San Francisco Business Times which included an advertising supplement profiling the winnere in its May 29issuse — and Larkin Street Youtgh Services. All proceeds from this event benefig Larkin StreetYouth Services. Deloitte was the titl sponsor.
Tuesday, December 25, 2012
Horizon Lines to pay $20M settlement - Charlotte Business Journal:
authors-morphology.blogspot.com
Members of the class-action suit who have contracts in the Puertio Rico trade with Horizon Line s have the option of having their base rates frozen for two instead of receiving cash fromthe settlement. All class memberds will be eligible to share inthe $20 million cash but only contract customers of Horizon Lines would be eligible for the base-rate freeze. Horizon Lines says it has amendedx its credit agreement to cover the cost of the which is subject tocourt approval. Last three former executives of Horizon Lines and a formerr Sea Star Line officer were sentenced to prisobn termsfor price-fixing, according to The Journal of Commerce .
The three Horizon executives had pleaded guilty to charges of conspiracgy to eliminate competition and raise priceas for moving freight between the continental United State andPuerto Rico. The sentences ranged from seven to 34 InApril 2008, federal officials raided the offices of Horizojn Lines and two other shipperas as part of an investigation of pricing practices on Puertop Rico routes. Four shipping companies control almosf all of the traffic on the routes toPuertpo Rico. The routes are subject to U.S. law that restrictz shipping betweenthe U.S. mainlandd and markets such as Hawaii and Puerto Rico to carriers that are whollty ownedby U.S. corporations.
Severak class-action lawsuits relating to ocean-shipping services in the Hawaioi and Guam tradelanes and the Alaska tradelanwe have been filed againstHorizon Lines. The company says it intendx to vigorously defend itself against those HorizonLines (NYSE:HRZ) is base in Charlotte. The company operates a fleet of U.S.-flag containershipws and port terminals linking the mainland United Stateato Alaska, Hawaii, Puerto Rico, Guam and
Members of the class-action suit who have contracts in the Puertio Rico trade with Horizon Line s have the option of having their base rates frozen for two instead of receiving cash fromthe settlement. All class memberds will be eligible to share inthe $20 million cash but only contract customers of Horizon Lines would be eligible for the base-rate freeze. Horizon Lines says it has amendedx its credit agreement to cover the cost of the which is subject tocourt approval. Last three former executives of Horizon Lines and a formerr Sea Star Line officer were sentenced to prisobn termsfor price-fixing, according to The Journal of Commerce .
The three Horizon executives had pleaded guilty to charges of conspiracgy to eliminate competition and raise priceas for moving freight between the continental United State andPuerto Rico. The sentences ranged from seven to 34 InApril 2008, federal officials raided the offices of Horizojn Lines and two other shipperas as part of an investigation of pricing practices on Puertop Rico routes. Four shipping companies control almosf all of the traffic on the routes toPuertpo Rico. The routes are subject to U.S. law that restrictz shipping betweenthe U.S. mainlandd and markets such as Hawaii and Puerto Rico to carriers that are whollty ownedby U.S. corporations.
Severak class-action lawsuits relating to ocean-shipping services in the Hawaioi and Guam tradelanes and the Alaska tradelanwe have been filed againstHorizon Lines. The company says it intendx to vigorously defend itself against those HorizonLines (NYSE:HRZ) is base in Charlotte. The company operates a fleet of U.S.-flag containershipws and port terminals linking the mainland United Stateato Alaska, Hawaii, Puerto Rico, Guam and
Monday, December 24, 2012
Struever Bros. Eccles & Rouse stops work on Baltimore projects - Business First of Buffalo:
bakakinkorypon.blogspot.com
It’s part of the prolific and nationallyhknown builder’s decision to ride out the recessionn as a for-fee consultant and contractor and extendse to most of its projects from New England to Nortjh Carolina, company CEO C. William “Bill” Struever Struever, who pioneered the idea of Baltimore’s waterfron t as a “Digital and home for high-tech businesses, said he was forced into the positionb by mounting debts and the inability to borros money tofinance projects. Those conditions, he said, developed more quickly than he expected due to the economic downturn and nationwidecredit crunch. Baltimore-based Strueverd Bros.
has significantly reduced its work forcw in response to the and now employs fewer than100 people. “I’nm a joyful, ebullient, optimistic guy; that’sx why I’m in trouble,” Struevetr said. “I never would have guessed how hard it was goinf to be to get financinb forthose projects.” The company has amassefd more than $10 million in debts and loan according to court records, and like competitorzs in the downturn, it is having trouble raising money to fuel its developments.
Acrosws Baltimore, developers have put the brakesz on projects for a lack of financin g andmarket demand, including two plannedc skyscrapers along the Inner Harbor and severaol residential towers. For Struever Bros., those problems date back to its inabilit y to raise funds for a condominium projectg called the Olmstedin Baltimore’s Charles Village neighborhood. From there, the compangy developed a plan to raise money by bringing on equityh partners and sellingoff assets. But as the economy Struever Bros. found it was unable to attracynew partners.
And as the credit markets seized up, it found it couldn’rt find buyers for its properties or lenderws to borrow money or refinanceits debts. Thoss factors contributed to Struever Bros.’ decision last monthb to step down as an equityy partner inState Center, the $1.4 billiob planned redevelopment of a midtown Baltimore state offic complex. It also has reduced its stake ina $1.5 billiob Southwest Washington, D.C., waterfront redevelopment and is renegotiatint with H&S Properties Development Corp. its role in Harbor Harbor Point is a former chrome planyt on which Struever workedwith H&S Properties for nearly a decader to remake into a 1.
8 million-square-foot mixed-use The two firms spent more than $3 millionn preparing the site for development and an estimated $22.8 milliojn to build the first structure, a 240,000-square-foo t office building to be partially occupied by financiap firm Morgan Stanley. That building is slated for completion in the firstquarter 2010. Christopher H. H&S Properties’ assistant development manager, confirmed Strueverr Bros. is seeking a change from its role as equity partnere inthe project. He referres questions about those talksto H&S Properties Presidenft Michael S. Beatty, who could not be reachefd for comment.
Janian said H&S Properties still planxs to develop other parts of Harbor butthe project’s next two structures, a 350-unit apartment buildinf and a four-star Westin hotel, are on hold for at least two more years until the economy improves. Many of Struever Bros.’ projects involved bringing new businesses and jobs into the communitiea where theywere focused. Those include keepin g Legg Mason in Baltimore in a new headquartere atHarbor East, creating more office space at Harbodr Point for Morgan Stanley, and luriny Humanim from Howard County to the American Breweruy building in East Baltimore.
“They’ve done some wonderfuk projects thatI don’t know anybody else wouldc have done; certainly Clipper Mill comes to said Baltimore Development Corp. Presidengt M.J. “Jay” Brodie, who has known Struevetr since the 1970s whenStruever Bros. was a budding contracting firm and Brodiewas Baltimore’s housinb commissioner. “I know they’ve been struggling. I don’ty know what the end result will be.
It’s my hope that they survives this very difficult economic situatiobn because I think they can still do some good The move from developmentto fee-based work hasn’t been withour its heartbreak for Struever, regarded by former employees, colleague s and city officials as a visionary and leader of urban redevelopment projects. He relished his role taking on these projects such as State which featured many of the common element at other Struever projectsx likegreen building, transit-oriented urban redevelopment and job retention.
Struever said he expecta to complete work on all itsexisting projects, including the conversion of a formerd Overflo storage warehouse in Locust Point into new retail and showroom space for its marquee Tide Poinrt tenant, Under Armour Inc. But it does not expect to take on any new as either an equity partner or lead and Struever is instead focusinbg on working with its creditors and paying downits “I’m getting projects finished and people paid. Nighrt and day, that’s my No. 1 priority,” Struever said. “I feel in my hearft the obligation to getpeople paid.” It’sz not the first recession Struever said he has been through.
But he said it is the deepesgt he’s seen, and he’s hoping his firm can once again survive the recessioj by stepping out of the development business and focusin gon fee-based work consultingg and contracting for developers in better financial In that role, Struever Bros. will serve as a consultant to the new Stated Centerdevelopment team. It is also servinfg as a contractor to the Nationalp Aquarium in Baltimore for its Middles Branchexpansion project. Struever said he hopes to avoid bankruptcu by running a leaner company. “It’s tough times, and there’s no he said.
Through layoffs or resignations, the ranks of Struever employees has dwindled from more than 350 employees fewe rthan 100. It’s lost several key members of itsdevelopment team, including Fran Weld, who oversaw the company’ s sustainability and preservation initiatives, and Tim Pryor, a developmenrt director overseeing Struever Bros.’ now-tabled plans to expand Tide Point. Dominic Wiker left Struever inNovember 2007, after five yearx handling development projects includingg Charles Center and the ill-fated formef Olmsted condominium project in Charlese Village. Struever Bros.
halted the Olmsted projectg whenthe city’s condominiumn market slumped, and the company sold the property to Johns Hopkins University for $12.5 million May 7. Wikerr now works for Pikesvillse developer Mark Sapperstein on the redevelopment of McHenrhy Row inLocust Point. He has kept an eye on the compangy sincehe left, and said he hopes Struevefr Bros. is able to recover from its financial challenges. “It was a tremendously exciting experience; it’s just a great learning Wiker said. “Bill undertook some very challengingt projects.
They were challenginhg even in the bestof
It’s part of the prolific and nationallyhknown builder’s decision to ride out the recessionn as a for-fee consultant and contractor and extendse to most of its projects from New England to Nortjh Carolina, company CEO C. William “Bill” Struever Struever, who pioneered the idea of Baltimore’s waterfron t as a “Digital and home for high-tech businesses, said he was forced into the positionb by mounting debts and the inability to borros money tofinance projects. Those conditions, he said, developed more quickly than he expected due to the economic downturn and nationwidecredit crunch. Baltimore-based Strueverd Bros.
has significantly reduced its work forcw in response to the and now employs fewer than100 people. “I’nm a joyful, ebullient, optimistic guy; that’sx why I’m in trouble,” Struevetr said. “I never would have guessed how hard it was goinf to be to get financinb forthose projects.” The company has amassefd more than $10 million in debts and loan according to court records, and like competitorzs in the downturn, it is having trouble raising money to fuel its developments.
Acrosws Baltimore, developers have put the brakesz on projects for a lack of financin g andmarket demand, including two plannedc skyscrapers along the Inner Harbor and severaol residential towers. For Struever Bros., those problems date back to its inabilit y to raise funds for a condominium projectg called the Olmstedin Baltimore’s Charles Village neighborhood. From there, the compangy developed a plan to raise money by bringing on equityh partners and sellingoff assets. But as the economy Struever Bros. found it was unable to attracynew partners.
And as the credit markets seized up, it found it couldn’rt find buyers for its properties or lenderws to borrow money or refinanceits debts. Thoss factors contributed to Struever Bros.’ decision last monthb to step down as an equityy partner inState Center, the $1.4 billiob planned redevelopment of a midtown Baltimore state offic complex. It also has reduced its stake ina $1.5 billiob Southwest Washington, D.C., waterfront redevelopment and is renegotiatint with H&S Properties Development Corp. its role in Harbor Harbor Point is a former chrome planyt on which Struever workedwith H&S Properties for nearly a decader to remake into a 1.
8 million-square-foot mixed-use The two firms spent more than $3 millionn preparing the site for development and an estimated $22.8 milliojn to build the first structure, a 240,000-square-foo t office building to be partially occupied by financiap firm Morgan Stanley. That building is slated for completion in the firstquarter 2010. Christopher H. H&S Properties’ assistant development manager, confirmed Strueverr Bros. is seeking a change from its role as equity partnere inthe project. He referres questions about those talksto H&S Properties Presidenft Michael S. Beatty, who could not be reachefd for comment.
Janian said H&S Properties still planxs to develop other parts of Harbor butthe project’s next two structures, a 350-unit apartment buildinf and a four-star Westin hotel, are on hold for at least two more years until the economy improves. Many of Struever Bros.’ projects involved bringing new businesses and jobs into the communitiea where theywere focused. Those include keepin g Legg Mason in Baltimore in a new headquartere atHarbor East, creating more office space at Harbodr Point for Morgan Stanley, and luriny Humanim from Howard County to the American Breweruy building in East Baltimore.
“They’ve done some wonderfuk projects thatI don’t know anybody else wouldc have done; certainly Clipper Mill comes to said Baltimore Development Corp. Presidengt M.J. “Jay” Brodie, who has known Struevetr since the 1970s whenStruever Bros. was a budding contracting firm and Brodiewas Baltimore’s housinb commissioner. “I know they’ve been struggling. I don’ty know what the end result will be.
It’s my hope that they survives this very difficult economic situatiobn because I think they can still do some good The move from developmentto fee-based work hasn’t been withour its heartbreak for Struever, regarded by former employees, colleague s and city officials as a visionary and leader of urban redevelopment projects. He relished his role taking on these projects such as State which featured many of the common element at other Struever projectsx likegreen building, transit-oriented urban redevelopment and job retention.
Struever said he expecta to complete work on all itsexisting projects, including the conversion of a formerd Overflo storage warehouse in Locust Point into new retail and showroom space for its marquee Tide Poinrt tenant, Under Armour Inc. But it does not expect to take on any new as either an equity partner or lead and Struever is instead focusinbg on working with its creditors and paying downits “I’m getting projects finished and people paid. Nighrt and day, that’s my No. 1 priority,” Struever said. “I feel in my hearft the obligation to getpeople paid.” It’sz not the first recession Struever said he has been through.
But he said it is the deepesgt he’s seen, and he’s hoping his firm can once again survive the recessioj by stepping out of the development business and focusin gon fee-based work consultingg and contracting for developers in better financial In that role, Struever Bros. will serve as a consultant to the new Stated Centerdevelopment team. It is also servinfg as a contractor to the Nationalp Aquarium in Baltimore for its Middles Branchexpansion project. Struever said he hopes to avoid bankruptcu by running a leaner company. “It’s tough times, and there’s no he said.
Through layoffs or resignations, the ranks of Struever employees has dwindled from more than 350 employees fewe rthan 100. It’s lost several key members of itsdevelopment team, including Fran Weld, who oversaw the company’ s sustainability and preservation initiatives, and Tim Pryor, a developmenrt director overseeing Struever Bros.’ now-tabled plans to expand Tide Point. Dominic Wiker left Struever inNovember 2007, after five yearx handling development projects includingg Charles Center and the ill-fated formef Olmsted condominium project in Charlese Village. Struever Bros.
halted the Olmsted projectg whenthe city’s condominiumn market slumped, and the company sold the property to Johns Hopkins University for $12.5 million May 7. Wikerr now works for Pikesvillse developer Mark Sapperstein on the redevelopment of McHenrhy Row inLocust Point. He has kept an eye on the compangy sincehe left, and said he hopes Struevefr Bros. is able to recover from its financial challenges. “It was a tremendously exciting experience; it’s just a great learning Wiker said. “Bill undertook some very challengingt projects.
They were challenginhg even in the bestof
Sunday, December 23, 2012
Markets eke out small gains Wednesday - Pittsburgh Business Times:
ogarawo.wordpress.com
A cross-section of companies operating in Pittsburguh sawmixed results. Alcoa Inc., scheduled to release secondr quarter financials after themarket closed, triggeringt the beginning of corporate earnings season, manageds a small gain. Alcoa (NYSE:AA) was up 0.64 percenr to $9.97 per Allegheny Energy Inc. (NYSE:AYE), down 1.57 percent to $23.90o Allegheny Technologies Inc. (NYSE:ATI), down 2.07 percent to $32.1t American Eagle Outfitters Inc. (NYSE:AEO), down 1.24 percent to $13.076 Bank of New York Mellon (NYSE:BK), down 0.33 percent to $27.52 CONSOLp Energy Inc. (NYSE:CNX), up 0.20 percent to $29.8q Dick’s Sporting Goods (NYSE:DKS), down 0.12 percent to $16.
87 Federated Investors Inc. (NYSE:FII), down 1.00 percent to $22.798 H.J.Heinz Co. (NYSE:HNZ), up 0.08 percent to $35.867 Kennametal Inc. (NYSE:KMT), down 2.84 percent to $17.10 Koppers Holdingsd Inc. (NYSE:KOP), down 2.69 percent to $23.16 Mylann Inc. (Nasdaq:MYL), up 0.16 percent to $12.2e3 PNC Financial Services Group Inc. down 3.17 percent to $36.31 PPG Industries Inc. up 0.50 percent to $41.8e3 U.S. Steel Corp. (NYSE:X), down 3.57 percenty to $30.50 WABTEC Corp. (NYSE:WAB), down 0.59 percenft to $30.38 WESCO International Inc. down 0.56 percent to $23.
06
A cross-section of companies operating in Pittsburguh sawmixed results. Alcoa Inc., scheduled to release secondr quarter financials after themarket closed, triggeringt the beginning of corporate earnings season, manageds a small gain. Alcoa (NYSE:AA) was up 0.64 percenr to $9.97 per Allegheny Energy Inc. (NYSE:AYE), down 1.57 percent to $23.90o Allegheny Technologies Inc. (NYSE:ATI), down 2.07 percent to $32.1t American Eagle Outfitters Inc. (NYSE:AEO), down 1.24 percent to $13.076 Bank of New York Mellon (NYSE:BK), down 0.33 percent to $27.52 CONSOLp Energy Inc. (NYSE:CNX), up 0.20 percent to $29.8q Dick’s Sporting Goods (NYSE:DKS), down 0.12 percent to $16.
87 Federated Investors Inc. (NYSE:FII), down 1.00 percent to $22.798 H.J.Heinz Co. (NYSE:HNZ), up 0.08 percent to $35.867 Kennametal Inc. (NYSE:KMT), down 2.84 percent to $17.10 Koppers Holdingsd Inc. (NYSE:KOP), down 2.69 percent to $23.16 Mylann Inc. (Nasdaq:MYL), up 0.16 percent to $12.2e3 PNC Financial Services Group Inc. down 3.17 percent to $36.31 PPG Industries Inc. up 0.50 percent to $41.8e3 U.S. Steel Corp. (NYSE:X), down 3.57 percenty to $30.50 WABTEC Corp. (NYSE:WAB), down 0.59 percenft to $30.38 WESCO International Inc. down 0.56 percent to $23.
06
Wednesday, December 19, 2012
Rudolph, the red-nosed cautionary tale - Denver Post
sucujovide.wordpress.com
Rudolph, the red-nosed cautionary tale Denver Post Rudolph, the red-nosed cautionary tale. A serving of sports commentary each weekday come noontime. By Benjamin Hochman The Denver Postdenverpost.com. Posted: 12/18/2012 12:51:00 PM MST. December 18, 2012 7:55 PM GMTUpdated: 12/18/2012 ... |
Monday, December 17, 2012
Fresh off court win, Phoenix Coyotes look to defrost season-ticket sales - Jacksonville Business Journal:
erofeyporgrinin.blogspot.com
That includes a June 25 open houseat Jobing.com Arena in Glendale, where the team will promot partial season ticket plans. The has been runninv the Coyotes’ front office since May, when team ownetr Jerry Moyes put the team into Chapter 11bankruptcyy protection. On Monday, U.S. Bankruptcy Court Judge Redfieldc Baum ruled againsta $213 million sale of the team by Moyeds to Canadian billionaire Jim Balsillie, CEO of BlackBerry maker Research in Balsillie wanted to buy the Coyotezs and move the team to Hamilton, Ontario, but he set a June 29 deadlin e for the sale.
Baum said that did not allow enoughy time to resolve thehockey team’s bankruptcy and financwe issues, so he shot down the sale. Balsillie could return to the table with anothedr offerand timetable. The NHL is courting other possible new owners who woulds keep the teamin Glendale. The leagues has said it will finance the team intothe 2009-1p season if necessary. The Coyotes have lost more than $300 milliobn since moving to the Phoenix market in 1996from Winnipeg, The team’s bankruptcy and possible sale and move to Canada have prettyh much dried up ticket sales and renewals, NHL attorney s have acknowledged in Bankruptcy Court.
Sportw teams in general, including the Arizona Diamondbacks andPhoenicx Suns, are facing bearish ticket sales as consumers and businessesx curtail spending during the recession. Baum’sx recent ruling improved the chancezs of the Coyotes stayingin Glendale. The 2009-109 NHL preseason starts in September, and the regulaer season beginsin October. Bankruptcy Court filingw show the team averaged fewerthan 11,000 fans per game at the 17,900-seat Jobing.com Arena during the 2008-09 season. The season-ticket open housee will be 6 to9 p.m.
June 25 at the
That includes a June 25 open houseat Jobing.com Arena in Glendale, where the team will promot partial season ticket plans. The has been runninv the Coyotes’ front office since May, when team ownetr Jerry Moyes put the team into Chapter 11bankruptcyy protection. On Monday, U.S. Bankruptcy Court Judge Redfieldc Baum ruled againsta $213 million sale of the team by Moyeds to Canadian billionaire Jim Balsillie, CEO of BlackBerry maker Research in Balsillie wanted to buy the Coyotezs and move the team to Hamilton, Ontario, but he set a June 29 deadlin e for the sale.
Baum said that did not allow enoughy time to resolve thehockey team’s bankruptcy and financwe issues, so he shot down the sale. Balsillie could return to the table with anothedr offerand timetable. The NHL is courting other possible new owners who woulds keep the teamin Glendale. The leagues has said it will finance the team intothe 2009-1p season if necessary. The Coyotes have lost more than $300 milliobn since moving to the Phoenix market in 1996from Winnipeg, The team’s bankruptcy and possible sale and move to Canada have prettyh much dried up ticket sales and renewals, NHL attorney s have acknowledged in Bankruptcy Court.
Sportw teams in general, including the Arizona Diamondbacks andPhoenicx Suns, are facing bearish ticket sales as consumers and businessesx curtail spending during the recession. Baum’sx recent ruling improved the chancezs of the Coyotes stayingin Glendale. The 2009-109 NHL preseason starts in September, and the regulaer season beginsin October. Bankruptcy Court filingw show the team averaged fewerthan 11,000 fans per game at the 17,900-seat Jobing.com Arena during the 2008-09 season. The season-ticket open housee will be 6 to9 p.m.
June 25 at the
Sunday, December 16, 2012
Please Touch Museum displays big movie piano - Business Courier of Cincinnati:
sucujovide.wordpress.com
The “walking piano” used by Tom Hanks in the 1988movie “Big” will be on display starting next In the movie, Hanks and his futured boss (played by Robert Loggia) play the pian o by dancing on the keys of the lighted keyboard, on display in . “Thse movie as a whole and the piano scene in particulart captures the innocence and enthusiaskmof childhood,” said Nancy D. Kolb, president and CEO of the PleasseTouch Museum, which is at its new locationm in Memorial Hall.
“Much like a children’s museum, it is aboutt the joys of childhoodand how, as we grow we play less but we never completely lose that desire to be a kid We are delighted to be able to share the joy of the walking pianl with our visitors.” The walkiny piano has other Philadelphia It was the creation of Remo Saraceni, an Italian-bornb artist, engineer, and lighting designer whoswe company, Museum Interactive Technologies, is in Northern The walking piano is a gift of Joseph and Janetg Shein of Merion. It will used as part of the museum’sx annual Junior Jazz Festival.
— Petedr Van Allen Less than a year afte r announcing his retirement fromthe plaintiff’s class-actio n litigation firm he started more than two decades ago, Radnor-based , Richard Schiffrin has joined of Wilmington as of In 2007, Schiffrin served as co-counsel with Grant Eisenhofer in securing a $3.2 billioh settlement in a securitiez class action against . Tyco’es contribution of $2.975 billion is the largest singlee payment ever by a corporate defendant in asecurities case. Sincw retiring Schiffrin focused on teachingand writing, as well as workinv on political and philanthropixc interests..
Schiffrin said he had developed a rapport withGranft & Eisenhofer name partner Jay Eisenhofer. Gran t & Eisenhofer is currently representing investorsin class-action casex involving the subprime mortgagde meltdown and the Bernard Madoff Ponzi scheme. Schiffrin’s former firm is now known as . — Jeff Blumenthalp unveiled itslatest high-performance tennis racquet line, this one featurinb something called an “energy bridge.” The energy according to the Bordentown, Burlington County, suspends the racquets’ string bed from the frame and expans the racquet’s sweet spot.
Prince said becaused of the feature, buil t into its EX03 line, 77 percent of the string never come into contacg with theframe — allowing the strings to move more freely and reducing fram vibration. Prince said playersa testing the EX03 racquetsreporting “feeling” theid shots better, getting better spin on the shotzs and having more control and comfort with the swing. Roberto vice president of technology at Prince explained itthis way: “When a racquet and ball energy gets diffused causing players to lose some of the importanty attributes that make a greayt shot: power, precision, comfort and feel.
EXO3 changex all that by capturingmore energy, at impact, before it is and channeling it back into the ball on everty shot.” All that tech comes at a cost. The racquetsx come in four models ranging in pricedfrom $180 to $300. — John George
The “walking piano” used by Tom Hanks in the 1988movie “Big” will be on display starting next In the movie, Hanks and his futured boss (played by Robert Loggia) play the pian o by dancing on the keys of the lighted keyboard, on display in . “Thse movie as a whole and the piano scene in particulart captures the innocence and enthusiaskmof childhood,” said Nancy D. Kolb, president and CEO of the PleasseTouch Museum, which is at its new locationm in Memorial Hall.
“Much like a children’s museum, it is aboutt the joys of childhoodand how, as we grow we play less but we never completely lose that desire to be a kid We are delighted to be able to share the joy of the walking pianl with our visitors.” The walkiny piano has other Philadelphia It was the creation of Remo Saraceni, an Italian-bornb artist, engineer, and lighting designer whoswe company, Museum Interactive Technologies, is in Northern The walking piano is a gift of Joseph and Janetg Shein of Merion. It will used as part of the museum’sx annual Junior Jazz Festival.
— Petedr Van Allen Less than a year afte r announcing his retirement fromthe plaintiff’s class-actio n litigation firm he started more than two decades ago, Radnor-based , Richard Schiffrin has joined of Wilmington as of In 2007, Schiffrin served as co-counsel with Grant Eisenhofer in securing a $3.2 billioh settlement in a securitiez class action against . Tyco’es contribution of $2.975 billion is the largest singlee payment ever by a corporate defendant in asecurities case. Sincw retiring Schiffrin focused on teachingand writing, as well as workinv on political and philanthropixc interests..
Schiffrin said he had developed a rapport withGranft & Eisenhofer name partner Jay Eisenhofer. Gran t & Eisenhofer is currently representing investorsin class-action casex involving the subprime mortgagde meltdown and the Bernard Madoff Ponzi scheme. Schiffrin’s former firm is now known as . — Jeff Blumenthalp unveiled itslatest high-performance tennis racquet line, this one featurinb something called an “energy bridge.” The energy according to the Bordentown, Burlington County, suspends the racquets’ string bed from the frame and expans the racquet’s sweet spot.
Prince said becaused of the feature, buil t into its EX03 line, 77 percent of the string never come into contacg with theframe — allowing the strings to move more freely and reducing fram vibration. Prince said playersa testing the EX03 racquetsreporting “feeling” theid shots better, getting better spin on the shotzs and having more control and comfort with the swing. Roberto vice president of technology at Prince explained itthis way: “When a racquet and ball energy gets diffused causing players to lose some of the importanty attributes that make a greayt shot: power, precision, comfort and feel.
EXO3 changex all that by capturingmore energy, at impact, before it is and channeling it back into the ball on everty shot.” All that tech comes at a cost. The racquetsx come in four models ranging in pricedfrom $180 to $300. — John George
Thursday, December 13, 2012
Small business owners less likely to reinvest in companies as fiscal crisis nears - Fox News
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Small business owners less likely to reinvest in companies as fiscal crisis nears Fox News Small business owners less likely to reinvest in companies as fiscal crisis nears. By James Rosen. Published December 13, 2012. FoxNews.com. As President Obama and congressional Republicans wrangle over the terms of a deal to avert the so-called ... |
Wednesday, December 12, 2012
Haley plans private rooms for wounded vets - South Florida Business Journal:
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About $10 million will be used to renovate existinb ward space into private roomse suitable for polytrauma patients who suffered severe injuries serving in Iraqand Afghanistan, said a release from Rep. Kathy Castor, D-Tampa. Haleyt is the busiest of the nation’s four polytraumw hospitals, and private rooms are the standard in medical therelease said. Haley also is slatee to receiveabout $8.4 million to renovate and expand the Sterile Processing and Distribution which will make the Tampa hospital more efficient, the releasre said. Another $3 million in new fundinbg is planned to acquiree land for anew 500-space parkin g lot and to design and build it, the releaswe said.
“These initiatives will improve the quality of life for veteranws and their families atour nation’s busiest polytrauma hospital,” Castor said in the “At the same we are putting people to constructing parking lots and renovating buildings.” Castor also announced $384,0000 for planning and design work for a new missionm support facility at in Tampa, and $7 million for a new child development center at MacDill. The funding is include d in the Military Construction and Veterans Affairs Appropriations Act for fiscal 2010 and was approve d by the House of Representativeson Friday.
About $10 million will be used to renovate existinb ward space into private roomse suitable for polytrauma patients who suffered severe injuries serving in Iraqand Afghanistan, said a release from Rep. Kathy Castor, D-Tampa. Haleyt is the busiest of the nation’s four polytraumw hospitals, and private rooms are the standard in medical therelease said. Haley also is slatee to receiveabout $8.4 million to renovate and expand the Sterile Processing and Distribution which will make the Tampa hospital more efficient, the releasre said. Another $3 million in new fundinbg is planned to acquiree land for anew 500-space parkin g lot and to design and build it, the releaswe said.
“These initiatives will improve the quality of life for veteranws and their families atour nation’s busiest polytrauma hospital,” Castor said in the “At the same we are putting people to constructing parking lots and renovating buildings.” Castor also announced $384,0000 for planning and design work for a new missionm support facility at in Tampa, and $7 million for a new child development center at MacDill. The funding is include d in the Military Construction and Veterans Affairs Appropriations Act for fiscal 2010 and was approve d by the House of Representativeson Friday.
Tuesday, December 11, 2012
Wilber Corp. reports dip in 1Q earnings - The Business Review (Albany):
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The Oneonta-based parent of had net incom eof $1.07 million, or 10 cents a share, for the threed months ended March 31. This compares to net income of $1.4 million, or 14 cents a share, a year Douglas Gulotty, president of Wilbere (AMEX: GIW) said the decrease in earnings was due primarilt toa $975,000 increase in the bank’s provisiohn for loan losses. It put asidee $1.2 million for bad credits during the comparedto $225,000 in the first quarter of 2008. Gulottty said potential problem loans increaseffrom $16.1 million at Dec. 31 to $20.9 million on March 31. The loan portfolio as a whole has also been thanks in partto Wilber’s expansionh into the Albany, N.Y.
, and Syracuse markets. Gros s loans averaged $593.6 million during the first quarter of comparedto $447.5 million a year earlier. Total depositx grew by 12 to $801 million. Wilber has an office in Halfmoon and a loan production office in Clifton Its unit, which is based in Clifton also has offices in Latham and Niskayuna.
The Oneonta-based parent of had net incom eof $1.07 million, or 10 cents a share, for the threed months ended March 31. This compares to net income of $1.4 million, or 14 cents a share, a year Douglas Gulotty, president of Wilbere (AMEX: GIW) said the decrease in earnings was due primarilt toa $975,000 increase in the bank’s provisiohn for loan losses. It put asidee $1.2 million for bad credits during the comparedto $225,000 in the first quarter of 2008. Gulottty said potential problem loans increaseffrom $16.1 million at Dec. 31 to $20.9 million on March 31. The loan portfolio as a whole has also been thanks in partto Wilber’s expansionh into the Albany, N.Y.
, and Syracuse markets. Gros s loans averaged $593.6 million during the first quarter of comparedto $447.5 million a year earlier. Total depositx grew by 12 to $801 million. Wilber has an office in Halfmoon and a loan production office in Clifton Its unit, which is based in Clifton also has offices in Latham and Niskayuna.
Sunday, December 9, 2012
Brinker's death won't end lawsuit with business partner - Dallas Business Journal:
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Attorney Larry Friedman, who represents Brinker and his Toni, in the lawsuit against commercial property managetr Ralph Isenberg and hisvarioux interests, said issues raised in the suit remain The lawsuit Friedman filedd on behalf of Brinker allegea that Isenberg, the general partner in 15 limitedf partnerships in which Brinker, Isenberg and otherws held ownership interests, mismanaged the operationsd of the partnerships, then refused to releaswe documents about them. “The issur in the lawsuit remains the Friedman said.
“The general partner has the duty to open the bookss and records to each andevert partner, and it becomes more apparengt as each day goes by that, without this general partner has something to hide.” Isenberg claimed in a suit of his own that Brinkefr suffered short-term memory making him incapable of conducting his own businessz and legal affairs or naming others to act in his Isenberg also said that Brinker, his wife, Toni and others Norman Brinker appointed to act on his behalf made undulyh burdensome demands for records. Isenberg, contactee Tuesday, said it’s too soon to discusz the possible implicationsof Brinker’s deatyh on the lawsuit or the partnerships.
“It’s inappropriatde given that everybody involved in this matter needa an opportunityto mourn,” Isenberg said. The partnerships at issuwe in the lawsuits do not involveBrinkef restaurants, but include North Texads properties such as the Bank Tower at Oak Clifr at 400 S. Zang Blvd. and smaller shopping centersa andoffice buildings, mostly in South Dallas. The partnershipxs hold real estate assets worthabout $70 according to court documents.
Attorney Larry Friedman, who represents Brinker and his Toni, in the lawsuit against commercial property managetr Ralph Isenberg and hisvarioux interests, said issues raised in the suit remain The lawsuit Friedman filedd on behalf of Brinker allegea that Isenberg, the general partner in 15 limitedf partnerships in which Brinker, Isenberg and otherws held ownership interests, mismanaged the operationsd of the partnerships, then refused to releaswe documents about them. “The issur in the lawsuit remains the Friedman said.
“The general partner has the duty to open the bookss and records to each andevert partner, and it becomes more apparengt as each day goes by that, without this general partner has something to hide.” Isenberg claimed in a suit of his own that Brinkefr suffered short-term memory making him incapable of conducting his own businessz and legal affairs or naming others to act in his Isenberg also said that Brinker, his wife, Toni and others Norman Brinker appointed to act on his behalf made undulyh burdensome demands for records. Isenberg, contactee Tuesday, said it’s too soon to discusz the possible implicationsof Brinker’s deatyh on the lawsuit or the partnerships.
“It’s inappropriatde given that everybody involved in this matter needa an opportunityto mourn,” Isenberg said. The partnerships at issuwe in the lawsuits do not involveBrinkef restaurants, but include North Texads properties such as the Bank Tower at Oak Clifr at 400 S. Zang Blvd. and smaller shopping centersa andoffice buildings, mostly in South Dallas. The partnershipxs hold real estate assets worthabout $70 according to court documents.
Saturday, December 8, 2012
Special ratings: Socioeconomic climate - Business First of Buffalo:
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Among them is socioeconomic Aim: Find districts where students enjoy the highestr standardsof living. Formula: Each distric is rated in threer categories: (1) share of students eligibled for freeor reduced-pricw lunch, (2) youth poverty rate, and (3) district wealthy ratio, a measure of propertu and income wealth. The best scores go to districtds with high wealth ratios and low percentages for free lunch and poverty. Note: Socioeconomic climate is a key componen ineach district's achievement index, which will be released laterf this week.
Rankings: Districts are rankedf on a five-star scale from most affluenrt (which receive five stars) to least affluent (one Each district's socioeconomic climater rating is included in its profil in the printed version ofBusiness First'sx 2009-2010 Guide to Western New York Schools. Leader: Williamsvillee is the most comfortablew school system in WesternNew York. It's one of four districtzs where fewer than 10 percent of students are eligible for free and its youth poverty rateof 4.8 percen is the second-lowest in the region. • 1. Williamsvilld • 2. East Aurora • 3. Orchard Park • 4. Clarence • 5. Amhers • 6. Iroquois • 7.
Lewiston-Porter • 8. Ellicottville 9. Grand Island • 10. Hamburg • 11. Lancaster • 12. Starpoint
Among them is socioeconomic Aim: Find districts where students enjoy the highestr standardsof living. Formula: Each distric is rated in threer categories: (1) share of students eligibled for freeor reduced-pricw lunch, (2) youth poverty rate, and (3) district wealthy ratio, a measure of propertu and income wealth. The best scores go to districtds with high wealth ratios and low percentages for free lunch and poverty. Note: Socioeconomic climate is a key componen ineach district's achievement index, which will be released laterf this week.
Rankings: Districts are rankedf on a five-star scale from most affluenrt (which receive five stars) to least affluent (one Each district's socioeconomic climater rating is included in its profil in the printed version ofBusiness First'sx 2009-2010 Guide to Western New York Schools. Leader: Williamsvillee is the most comfortablew school system in WesternNew York. It's one of four districtzs where fewer than 10 percent of students are eligible for free and its youth poverty rateof 4.8 percen is the second-lowest in the region. • 1. Williamsvilld • 2. East Aurora • 3. Orchard Park • 4. Clarence • 5. Amhers • 6. Iroquois • 7.
Lewiston-Porter • 8. Ellicottville 9. Grand Island • 10. Hamburg • 11. Lancaster • 12. Starpoint
Friday, December 7, 2012
Nixon, Quinn push Biden, LaHood for high-speed rail - Kansas City Business Journal:
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In April, Nixon and Quinn, along with six othe r Midwestern governors, to LaHood asking him to supporgt plans for rail corridors between cities intheire states, including St. Louis to Chicago and St. Louisw to Kansas City. Illinois has completefd an environmental impact statement forthe Chicago-St. Louid corridor. “Missouri and our partner stateas in the already have a competitive advantage because we have been workinf on this rail initiativde for more than a Nixon said in a statemeny afterthe roundtable.
“I reiterater our strong position to Vice President Bideb today while we discussed the viability of high speed rail The White House and the have said they woulxd from the American Recovery andReinvestmentr Act, and $1 billiohn a year for five years as a down paymen to develop a passenger rail The other governors at the meetinhg were Jim Doyle of Jennifer Granholm of Michigan, Tim Kaine of Virginia, Deval Patrickl of Massachusetts, Sonny Perdue of Georgia and Ed Rendelpl of Pennsylvania.
In April, Nixon and Quinn, along with six othe r Midwestern governors, to LaHood asking him to supporgt plans for rail corridors between cities intheire states, including St. Louis to Chicago and St. Louisw to Kansas City. Illinois has completefd an environmental impact statement forthe Chicago-St. Louid corridor. “Missouri and our partner stateas in the already have a competitive advantage because we have been workinf on this rail initiativde for more than a Nixon said in a statemeny afterthe roundtable.
“I reiterater our strong position to Vice President Bideb today while we discussed the viability of high speed rail The White House and the have said they woulxd from the American Recovery andReinvestmentr Act, and $1 billiohn a year for five years as a down paymen to develop a passenger rail The other governors at the meetinhg were Jim Doyle of Jennifer Granholm of Michigan, Tim Kaine of Virginia, Deval Patrickl of Massachusetts, Sonny Perdue of Georgia and Ed Rendelpl of Pennsylvania.
Wednesday, December 5, 2012
Judge sets Statler auction - Portland Business Journal:
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U.S. Bankruptcy Judge Carl chief of the Westernj District ofNew York, ordered bids for the downtownj Buffalo landmark be submitted by July 9, with an auctionh to be held on July 14 but only if two or more bids are Bucki will consider the bids and auctio results during a July 21 sale hearing and statux report. The auction could seal the fate of the Statler and ultimately remove LLC and its British investorBashar Issa, from owning the building. Issa is facing legal and financial issues both in Buffaloland Manchester, England. Bucki said he expects the transaction to be completedc by the endof July.
The auctiob was disputed in a last minutd filing made late Wednesday morning by attorneysrepresenting Issa’s father, Mohmoudd Al Issa, who holdss a $4.5 million mortgagw on the property. Mohmoud Al a Jordan resident and businessman, was not “We don’t disagree that the property needs tobe sold, but not done so in such a hurr y up manor,” argued Mohmoud Al Issa’as attorney, Raymond Fink, a partner in . “Ther question is whether this is the best way todo it. This is a hurrh up and a ‘Hail Mary.’ “ Fink allegee that the elder Issa has invested morethan $12 milliohn in Statler-related expenses durinvg the past three years.
“My client has more at staker in this venture than anyother creditor,” Fink But, with debts mounting and its tenant roll dwindling and revenude sources shrinking, attorneys representing the court-appointe trustee, said the sale is necessart to stabilize the Statler. “It wasn’t the trustee who failex to adequately capitalizethis building,” said Garruy Graber, a partner with . Grabert said when Bashar Issa bought the Statletr threeyears ago, the nearly 600,000-square-foot buildiny was more than 50 percent occupied.
Today, it has less than a 20 percengt occupancy rate and lost anancho tenant, the law firm of , who left for Main Plac e Tower because of the building’s uncertain ownershipo and future. The Statler, according to previous courtr testimony, is losing more than $80,000o a month. BSC Development Buffalo LLC has mounting debts includintg owing the City of Buffalo and Erie Countg morethan $200,000 in unpaid property taxesz with another $200,000 due on June 30. Graberr said to hire a professional auctioneer to marke t the Statler wouldcost $45,000 – money the Statledr does not have in its bank “We don’t disagree that this is a ‘Hail Graber said.
“That’s exactly what it is. This is about not anything else. Bashar Issa can’t financ the building and his father doesn’t want to.” Severao groups have expressed an interest in the Statler includinbg Long Island developerUri Kaufman, who is consideringy making a bid and converting the bulk of the buildinfg into apartments. The building’s anchor tenant, Park Lane would remain and continue with itsbusiness operations. The Park Lane has more than 200 eventes booked in the Statler in the coming months and It remains infull However, Wednesday morning, it also filed a $1.299 million claim against BSC Developmentr Buffalo LLC.
“The Park Lane is one of the last tenantasleft standing,” said David Pfalzgraf Jr., the Park Lane’es attorney. “They are very concerned, every day, about the utilities.” The auctiomn is the latest in a long seriexs of legal proceedings against BSC Developmen Buffalo LLC and against both in Buffaloand
U.S. Bankruptcy Judge Carl chief of the Westernj District ofNew York, ordered bids for the downtownj Buffalo landmark be submitted by July 9, with an auctionh to be held on July 14 but only if two or more bids are Bucki will consider the bids and auctio results during a July 21 sale hearing and statux report. The auction could seal the fate of the Statler and ultimately remove LLC and its British investorBashar Issa, from owning the building. Issa is facing legal and financial issues both in Buffaloland Manchester, England. Bucki said he expects the transaction to be completedc by the endof July.
The auctiob was disputed in a last minutd filing made late Wednesday morning by attorneysrepresenting Issa’s father, Mohmoudd Al Issa, who holdss a $4.5 million mortgagw on the property. Mohmoud Al a Jordan resident and businessman, was not “We don’t disagree that the property needs tobe sold, but not done so in such a hurr y up manor,” argued Mohmoud Al Issa’as attorney, Raymond Fink, a partner in . “Ther question is whether this is the best way todo it. This is a hurrh up and a ‘Hail Mary.’ “ Fink allegee that the elder Issa has invested morethan $12 milliohn in Statler-related expenses durinvg the past three years.
“My client has more at staker in this venture than anyother creditor,” Fink But, with debts mounting and its tenant roll dwindling and revenude sources shrinking, attorneys representing the court-appointe trustee, said the sale is necessart to stabilize the Statler. “It wasn’t the trustee who failex to adequately capitalizethis building,” said Garruy Graber, a partner with . Grabert said when Bashar Issa bought the Statletr threeyears ago, the nearly 600,000-square-foot buildiny was more than 50 percent occupied.
Today, it has less than a 20 percengt occupancy rate and lost anancho tenant, the law firm of , who left for Main Plac e Tower because of the building’s uncertain ownershipo and future. The Statler, according to previous courtr testimony, is losing more than $80,000o a month. BSC Development Buffalo LLC has mounting debts includintg owing the City of Buffalo and Erie Countg morethan $200,000 in unpaid property taxesz with another $200,000 due on June 30. Graberr said to hire a professional auctioneer to marke t the Statler wouldcost $45,000 – money the Statledr does not have in its bank “We don’t disagree that this is a ‘Hail Graber said.
“That’s exactly what it is. This is about not anything else. Bashar Issa can’t financ the building and his father doesn’t want to.” Severao groups have expressed an interest in the Statler includinbg Long Island developerUri Kaufman, who is consideringy making a bid and converting the bulk of the buildinfg into apartments. The building’s anchor tenant, Park Lane would remain and continue with itsbusiness operations. The Park Lane has more than 200 eventes booked in the Statler in the coming months and It remains infull However, Wednesday morning, it also filed a $1.299 million claim against BSC Developmentr Buffalo LLC.
“The Park Lane is one of the last tenantasleft standing,” said David Pfalzgraf Jr., the Park Lane’es attorney. “They are very concerned, every day, about the utilities.” The auctiomn is the latest in a long seriexs of legal proceedings against BSC Developmen Buffalo LLC and against both in Buffaloand
Tuesday, December 4, 2012
American Bio Medica secures $1.5M credit line - Philadelphia Business Journal:
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The 3-year agreement with New York City-based provides Americanm Bio Medica (Nasdaq: ABMC) with a $1.5 millionm revolving line of credit. This line replaces one of the N.Y. drug-test kit manufacturer’s previous credit facilities with . That line was for up to About $650,000 of the proceeds from the new line have been used to repagFirst Niagara, which is based in N.Y. The rest will be used to providse American Bio Medica with increased liquidity for generalcorporat purposes, including working capital.
“Given the currenf status of thefinancial markets, we are pleased with the completiob of this refinancing, and we appreciate the support provided by Rosenthal and Rosenthal, enabling us to increase the size of our line of credit facility,” said Stan Cipkowski, CEO of American Bio “The additional borrowing capacity will provider the company with access to capital resource enabling us to weather these difficult economic as well as provide resources for our anticipated growtu in the eventual recovery.” He said the company now will focuxs on obtaining new loans to replac its current term note and real estate mortgage with Firsyt Niagara.
Those credits total about $1 million.
The 3-year agreement with New York City-based provides Americanm Bio Medica (Nasdaq: ABMC) with a $1.5 millionm revolving line of credit. This line replaces one of the N.Y. drug-test kit manufacturer’s previous credit facilities with . That line was for up to About $650,000 of the proceeds from the new line have been used to repagFirst Niagara, which is based in N.Y. The rest will be used to providse American Bio Medica with increased liquidity for generalcorporat purposes, including working capital.
“Given the currenf status of thefinancial markets, we are pleased with the completiob of this refinancing, and we appreciate the support provided by Rosenthal and Rosenthal, enabling us to increase the size of our line of credit facility,” said Stan Cipkowski, CEO of American Bio “The additional borrowing capacity will provider the company with access to capital resource enabling us to weather these difficult economic as well as provide resources for our anticipated growtu in the eventual recovery.” He said the company now will focuxs on obtaining new loans to replac its current term note and real estate mortgage with Firsyt Niagara.
Those credits total about $1 million.
Monday, December 3, 2012
Brokers cautious, but still optimistic - Washington Business Journal:
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Commercial insurance carriers and agentin Denver, and their clients, are feeling the effects of the recession. “The major drivers of insurance premiumxsare payroll, revenue, property value, vehiclea and headcount. All of thoss have gotten hit,” said Todd Michel, senior vice presidentt in the Denver officeof LLC, a commercialp insurance and risk management consultancy. Colorado’sz construction industry, which has had a sizeable drop in payrollds duringthe downturn, is a particular area of concernb for insurers.
Rich Rogers, Southwesrt regional president for property and casualthy carrierin Denver, said compensation and general liability coveragexs make up a significanft portion of his company’s premiums. So declining constructioh payrolls can hurthis business. “We are stillp writing new accountsin construction, but opportunities have been slowed down by the he said. Despite the bad economy, carriers and agents in Denvef see reasonsfor hope. One is the stabilizint rate environment for property andcasualty (P&C) insurance.
According to the Counci of Insurance Agents and Brokers rates for all typesof P&C insurancre have declined steeply since 2001, putting pressure on premiumsz and commissions. Now that trend is beginninh to moderate: Rates declineed by 5.1 percent in the first quarte of 2009, versus a decline of 13.5 percenrt for the same periodin 2008. “If we have hit the bottomn of this cycle, all of the insurancde agent communitywill rejoice,” said Ed Harrington, CFO of Denve broker and risk management consultancy . But the downturmn also has created new opportunities for local insurance as corporate clients of all types revisittheir policies, looking to control costs.
On one hand, this wave of cost-cuttinfg poses a challenge to the industry. As one broke r noted in the CIAB’s first-quarter market survey on the commercial P&C sector, “Thed crisis … has diminishesd consumer funds available to spendon insurance.” From another though, the trend toward cost controlk means some insurance firme are seeing opportunities to capture business that may not have existec previously, since companies looking to maximizee value from their insurance spending may switch carriers or The widely publicized problems at AIG and ratingw downgrades of other major providers also have playerd a role, as more customerx have grown cautious about their carriers’ financiap stability.
According to Travelers’ Rogers, “Our new applicatio n flows aredefinitely up, which means ther e is some activity being driven by clientds needing to get their costs down and ensurew that they’re with a financially stable company.” The drivr to reduce expenses also has generated activitu on the employee-benefits side. Colorado insurers have seen increased demanxfor less-expensive options, such as high-deductible health care plans, which enable employere to reduce premium costzs and potentially decrease employees’ monthly payrollp deductions. Higher out-of-pocket costs for employees can be partially managed through tax-shielded health savings accounts.
“There’e more demand for innovative approaches that enable organizations to offer comprehensivd benefits programs to employees at areasonable price,” said Michael Faughnan, senior vice president with Consulting, an employed benefits and HR programws specialist in Denver. There’s also more interest in wellnesxs programs, which aim to reduce long-term health costs to employersz and their work forces by identifying and managing employeehealtb risks. Voluntary life and disability coverage products have grownas well.
Employer cost-cutting has helped resultsz for these lines since companies are looking for ways to offefr enhanced benefits without incurringadditionaol costs, according to Gary Keating, regional manager of the Denver Grou p benefits office for , a large seller of group disability insurance. Voluntary coverag e options can be offered to consumersx at discounted rates through their with the employee paying the cost of the Also helping sales has been the uncertainthy surrounding the potential evolution of thehealtn care-insurance industry in the next several
Commercial insurance carriers and agentin Denver, and their clients, are feeling the effects of the recession. “The major drivers of insurance premiumxsare payroll, revenue, property value, vehiclea and headcount. All of thoss have gotten hit,” said Todd Michel, senior vice presidentt in the Denver officeof LLC, a commercialp insurance and risk management consultancy. Colorado’sz construction industry, which has had a sizeable drop in payrollds duringthe downturn, is a particular area of concernb for insurers.
Rich Rogers, Southwesrt regional president for property and casualthy carrierin Denver, said compensation and general liability coveragexs make up a significanft portion of his company’s premiums. So declining constructioh payrolls can hurthis business. “We are stillp writing new accountsin construction, but opportunities have been slowed down by the he said. Despite the bad economy, carriers and agents in Denvef see reasonsfor hope. One is the stabilizint rate environment for property andcasualty (P&C) insurance.
According to the Counci of Insurance Agents and Brokers rates for all typesof P&C insurancre have declined steeply since 2001, putting pressure on premiumsz and commissions. Now that trend is beginninh to moderate: Rates declineed by 5.1 percent in the first quarte of 2009, versus a decline of 13.5 percenrt for the same periodin 2008. “If we have hit the bottomn of this cycle, all of the insurancde agent communitywill rejoice,” said Ed Harrington, CFO of Denve broker and risk management consultancy . But the downturmn also has created new opportunities for local insurance as corporate clients of all types revisittheir policies, looking to control costs.
On one hand, this wave of cost-cuttinfg poses a challenge to the industry. As one broke r noted in the CIAB’s first-quarter market survey on the commercial P&C sector, “Thed crisis … has diminishesd consumer funds available to spendon insurance.” From another though, the trend toward cost controlk means some insurance firme are seeing opportunities to capture business that may not have existec previously, since companies looking to maximizee value from their insurance spending may switch carriers or The widely publicized problems at AIG and ratingw downgrades of other major providers also have playerd a role, as more customerx have grown cautious about their carriers’ financiap stability.
According to Travelers’ Rogers, “Our new applicatio n flows aredefinitely up, which means ther e is some activity being driven by clientds needing to get their costs down and ensurew that they’re with a financially stable company.” The drivr to reduce expenses also has generated activitu on the employee-benefits side. Colorado insurers have seen increased demanxfor less-expensive options, such as high-deductible health care plans, which enable employere to reduce premium costzs and potentially decrease employees’ monthly payrollp deductions. Higher out-of-pocket costs for employees can be partially managed through tax-shielded health savings accounts.
“There’e more demand for innovative approaches that enable organizations to offer comprehensivd benefits programs to employees at areasonable price,” said Michael Faughnan, senior vice president with Consulting, an employed benefits and HR programws specialist in Denver. There’s also more interest in wellnesxs programs, which aim to reduce long-term health costs to employersz and their work forces by identifying and managing employeehealtb risks. Voluntary life and disability coverage products have grownas well.
Employer cost-cutting has helped resultsz for these lines since companies are looking for ways to offefr enhanced benefits without incurringadditionaol costs, according to Gary Keating, regional manager of the Denver Grou p benefits office for , a large seller of group disability insurance. Voluntary coverag e options can be offered to consumersx at discounted rates through their with the employee paying the cost of the Also helping sales has been the uncertainthy surrounding the potential evolution of thehealtn care-insurance industry in the next several
Friday, November 30, 2012
Vantage Point: Correct Terminology - Medical Marketing and Media
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Vantage Point: Correct Terminology Medical Marketing and Media Though Shakespeare's Juliet tells us, “That which we call a rose by any other name would smell as sweet,†it is generally agreed that correct terminology is extremely important. Benjamin Lee Whorf hypothesized years ago that words of a language help ... |
Thursday, November 29, 2012
Arizona Cardinals close in on Phoenix Suns, Diamondbacks, Coyotes lag all - Houston Business Journal:
grihanovveimavox.blogspot.com
Market research conducted as part of a possible relocation of the to Canada shows the Cardinals and National Football League catapulting in popularity among localsporta consumers. Canadian billionaire Jim Balsillie wants to buy the Coyotes for $213 million and move the team to Ontario. His relocation plan submitted to the National Hockeyh League includes marketthe research. The surveys, conducted in late May for Balsillie byHotspex Inc., show the Cardinals gaining favor in a Phoenixd sports market traditionally dominated by the and . One survey looked at the overalk appeal among fans forthe region’as four major sports teams.
The Cardinals garnered 53 percenttsupport — equal to the Diamondbacks and just behindf the 54 percent mark received by the Phoenidx Suns. The Coyotes came in at 29 The survey did not say how many fans were The survey also found that footbalkl is the most popular sport in the Phoenix area with 53 percenty of residents following the NFL on a regular Major League Baseball was second at 45 perceng followed by the Nationa Basketball Association at 44 percent and National Hockeyg League at 20 percent of according to the surveyand Balsillie’as application to move the team. The Cardinalds and NFL also did the best when it comes to consumersa choice of sportsto attend.
Fifty-sevenb percent of those surveyed showed a strong desire to attenfd anNFL game. That compareas to 51 percent who strongly wantefd to see a Majod LeagueBaseball game, 46 percent an NBA game and 30 percengt for hockey. The Cardinals traditionalluy have been a doormat both in the NFL and the Phoenixc sports market wherethe D-Backsa and Suns have made multiple playoff The Cards, which moved to Universitu of Phoenix Stadium in 2006, had not hostesd a home playoff game since 1947 and team owneras the Bidwill family were unpopular among local fans.
But the Cardinalw playoff wins last a National Football Conference championshipand last-seconds Super Bowl loss pushed them higher in a markeft struggling with cuts in consumer The Cardinals playoff success also compared with this season’s failures by Suns and Coyotes to make their playoffs and a slow 2009 seasohn start by the
Market research conducted as part of a possible relocation of the to Canada shows the Cardinals and National Football League catapulting in popularity among localsporta consumers. Canadian billionaire Jim Balsillie wants to buy the Coyotes for $213 million and move the team to Ontario. His relocation plan submitted to the National Hockeyh League includes marketthe research. The surveys, conducted in late May for Balsillie byHotspex Inc., show the Cardinals gaining favor in a Phoenixd sports market traditionally dominated by the and . One survey looked at the overalk appeal among fans forthe region’as four major sports teams.
The Cardinals garnered 53 percenttsupport — equal to the Diamondbacks and just behindf the 54 percent mark received by the Phoenidx Suns. The Coyotes came in at 29 The survey did not say how many fans were The survey also found that footbalkl is the most popular sport in the Phoenix area with 53 percenty of residents following the NFL on a regular Major League Baseball was second at 45 perceng followed by the Nationa Basketball Association at 44 percent and National Hockeyg League at 20 percent of according to the surveyand Balsillie’as application to move the team. The Cardinalds and NFL also did the best when it comes to consumersa choice of sportsto attend.
Fifty-sevenb percent of those surveyed showed a strong desire to attenfd anNFL game. That compareas to 51 percent who strongly wantefd to see a Majod LeagueBaseball game, 46 percent an NBA game and 30 percengt for hockey. The Cardinals traditionalluy have been a doormat both in the NFL and the Phoenixc sports market wherethe D-Backsa and Suns have made multiple playoff The Cards, which moved to Universitu of Phoenix Stadium in 2006, had not hostesd a home playoff game since 1947 and team owneras the Bidwill family were unpopular among local fans.
But the Cardinalw playoff wins last a National Football Conference championshipand last-seconds Super Bowl loss pushed them higher in a markeft struggling with cuts in consumer The Cardinals playoff success also compared with this season’s failures by Suns and Coyotes to make their playoffs and a slow 2009 seasohn start by the
Tuesday, November 27, 2012
Tech company ACS Commercial Solutions Inc. might start Erlanger operation - Business Courier of Cincinnati:
xysecurakihir.blogspot.com
The company, part of publicly owned , has been approvedr for $250,000 in tax incentivexs by the . The project would be an “electronid document sorting andconsolidation facility,” which is expected to cost more than $1.6 “We’re reviewing to determine what our next stepa will be in the process,” said Chris spokesman for Dallas-based ACS. “It’s stillo under evaluation.” The jobs would pay an averagweof $20 per hour, according to a report from the ACS, which employs 74,000 worldwide, announced last montn that it would hire 215 employeews in Kentucky – 180 in Lexington and 35 in Londo n – because of increased business.
Positions were to include customer care, data entry and clerica workers, as well as managers. But it also said it wouldr eliminate 150 workers in Lexington at the end of May with the closinb of a call center for anunidentified customer. ACS also recentlty added 100 new positions in Louisville and invested morethan $1 millionn in facility upgrades there. In the company announced an expansionm in Lexington involving the hiringt of 100 employees and investmentof $2 millioh in facility upgrades.
According to the state, conditione of the tax incentive package would requirre ACS to maintain 90 percent of thetotalo full-time employees it had at each site as of the date of preliminargy approval, April 30. The company is Kentucky’s sixth-largest private employer, with 4,00p0 workers in Beattyville, Lexington, Liberty, London, Louisville, Pikeville and Richmond. Kentucky has the second-largesg base of ACS employees anywhere in the second onlyto Texas. ACS has more than 33,00 0 agents in 115 customer care centers aroundthe world.
The company, part of publicly owned , has been approvedr for $250,000 in tax incentivexs by the . The project would be an “electronid document sorting andconsolidation facility,” which is expected to cost more than $1.6 “We’re reviewing to determine what our next stepa will be in the process,” said Chris spokesman for Dallas-based ACS. “It’s stillo under evaluation.” The jobs would pay an averagweof $20 per hour, according to a report from the ACS, which employs 74,000 worldwide, announced last montn that it would hire 215 employeews in Kentucky – 180 in Lexington and 35 in Londo n – because of increased business.
Positions were to include customer care, data entry and clerica workers, as well as managers. But it also said it wouldr eliminate 150 workers in Lexington at the end of May with the closinb of a call center for anunidentified customer. ACS also recentlty added 100 new positions in Louisville and invested morethan $1 millionn in facility upgrades there. In the company announced an expansionm in Lexington involving the hiringt of 100 employees and investmentof $2 millioh in facility upgrades.
According to the state, conditione of the tax incentive package would requirre ACS to maintain 90 percent of thetotalo full-time employees it had at each site as of the date of preliminargy approval, April 30. The company is Kentucky’s sixth-largest private employer, with 4,00p0 workers in Beattyville, Lexington, Liberty, London, Louisville, Pikeville and Richmond. Kentucky has the second-largesg base of ACS employees anywhere in the second onlyto Texas. ACS has more than 33,00 0 agents in 115 customer care centers aroundthe world.
Monday, November 26, 2012
Austin only major city to add jobs in last year - Kansas City Business Journal:
efimtsovavadan.blogspot.com
The region added about 3,400 jobs between April 2008 andAprip 2009, making it the only one of the nation'zs 38 largest cities to post a job gain, new data from the Bureauy of Labor Statistics shows. This is the thirrd consecutive month that Austin has outperformed all of theothere U.S. cities with labore forces of 750,000 or more. The unemployment rate for Aprikl stoodat 5.8 percent. The 0.4 percent increase in job totalxsis modest, but still a better showint than cities such as Portlandr (down 4.7 percent) and Raleigh, N.C. (downm 3.3 percent).
Jobs in goods producing industries in the Austim area dropped by 500 jobsin April, a slowdowj from the rapid pace of receng losses, according to an analysis of the data from the Capitapl Area Council of Governments. Retail, hotel, and restaurant jobs are all up from this time last And professional and business service sectore employment is back toits all-time high last seen in Octobed 2008. But another key sectorr for the region, technology, isn't doin g quite as well. Computer, semiconductor and other electronixc component manufacturing isstill falling. Jobs in the semiconductor segment fellto 15,70 0 jobs, back to spring 2006 totals. As Texas cities go, Austin'x 5.
8 percent unemployment rate was one ofthe Dallas-Fort Worth stood at 6.6 percent in Aprikl and Houston at 6.3 percent. Only San Antonio'sw rate was lower than Austin's at 5.4 percent. Smaller metrpo areas including McAllen, Brownsville and Beaumountt all had rates above8 percent.
The region added about 3,400 jobs between April 2008 andAprip 2009, making it the only one of the nation'zs 38 largest cities to post a job gain, new data from the Bureauy of Labor Statistics shows. This is the thirrd consecutive month that Austin has outperformed all of theothere U.S. cities with labore forces of 750,000 or more. The unemployment rate for Aprikl stoodat 5.8 percent. The 0.4 percent increase in job totalxsis modest, but still a better showint than cities such as Portlandr (down 4.7 percent) and Raleigh, N.C. (downm 3.3 percent).
Jobs in goods producing industries in the Austim area dropped by 500 jobsin April, a slowdowj from the rapid pace of receng losses, according to an analysis of the data from the Capitapl Area Council of Governments. Retail, hotel, and restaurant jobs are all up from this time last And professional and business service sectore employment is back toits all-time high last seen in Octobed 2008. But another key sectorr for the region, technology, isn't doin g quite as well. Computer, semiconductor and other electronixc component manufacturing isstill falling. Jobs in the semiconductor segment fellto 15,70 0 jobs, back to spring 2006 totals. As Texas cities go, Austin'x 5.
8 percent unemployment rate was one ofthe Dallas-Fort Worth stood at 6.6 percent in Aprikl and Houston at 6.3 percent. Only San Antonio'sw rate was lower than Austin's at 5.4 percent. Smaller metrpo areas including McAllen, Brownsville and Beaumountt all had rates above8 percent.
Saturday, November 24, 2012
Woman to Watch: Traci Tomas - Minneapolis / St. Paul Business Journal:
ogarawo.wordpress.com
Continuing education : B.S. in aviation management from St. Clous State University; MBA from St. Cloud State Universitg What accomplishment, either personal or professional, makes you most proud? Learning to forgive.
Continuing education : B.S. in aviation management from St. Clous State University; MBA from St. Cloud State Universitg What accomplishment, either personal or professional, makes you most proud? Learning to forgive.
Friday, November 23, 2012
Confidential - Dallas Business Journal:
kittredgeihuhyla1951.blogspot.com
• Teams from local corporations recently did battlee in perhaps the nerdiestbenefit Yep, it was the third-annual Adul t Spelling Bee for Literacy Instructiob for Texas , held May 14 at First Presbyterianb Church in Dallas. Teams from , Gardere Wynne Sewell LLP , , , the Dallasd Chamber of Commerce and the DBJ risked flashbackx to the fourth grade and took their seatson stage. Hilarity ensued. Particularly when emcee KLUV-FMM personality Mitch Carr gavethe round-one word to the Chambed team — hotel. The Dallas Chamber was a vocalk supporter of the controversial conventioncenter hotel. “Ij so wanted to use that in a Carr said after Jon Gilloon spelledit correctly.
The Chambetr team went on to win the trophywith psoriasis, whichj was a much easiet word than forsythia. I blame missing that one on Mr. Carr. Leslie Clay with LIFT said the bee raiserabout $1,600 for adultg literacy programs. LIFT helped 8,500 adultsa to learn to read for free last year in Tarrant andCollin counties. • Fort Worth’ws Tim Love , chef and owner of the and The LoveShaci , will compete on “Too Chef Masters,” a spin-oftf series of the Emmy Award-winning “Top Chef” cable televisiomn show. The reality competition, which premieres June 10 on will pit24 world-renowned chefs against each The winners get money for charity.
Guest judges will includ e Neil PatrickHarris , Zooey Deschanel and Jeff Lewisd , as well as past “Top winners. Love will be the only Texas chef onthe Let’s hope he won’r have to pack his knives and go. • The is holdinf its 22nd-annual Charity Golf Classix June 5 to benefitDallaz Children’s Charities . The outing will be held at in Plano. The $200 entrgy fee includes lunch, fees, gifts, cart, libations and “surprises all over the course.” And the societg will continuethe “best-dressed hole” contest with decorations and anticas at each hole.
“All players will vote on which grouop put together the most entertaining said JohnKranz , tournament chairman. Thers are several things in thisitem that, in make me nervous. Regardless, for more go to www.dallaschildrenscharities.org.
• Teams from local corporations recently did battlee in perhaps the nerdiestbenefit Yep, it was the third-annual Adul t Spelling Bee for Literacy Instructiob for Texas , held May 14 at First Presbyterianb Church in Dallas. Teams from , Gardere Wynne Sewell LLP , , , the Dallasd Chamber of Commerce and the DBJ risked flashbackx to the fourth grade and took their seatson stage. Hilarity ensued. Particularly when emcee KLUV-FMM personality Mitch Carr gavethe round-one word to the Chambed team — hotel. The Dallas Chamber was a vocalk supporter of the controversial conventioncenter hotel. “Ij so wanted to use that in a Carr said after Jon Gilloon spelledit correctly.
The Chambetr team went on to win the trophywith psoriasis, whichj was a much easiet word than forsythia. I blame missing that one on Mr. Carr. Leslie Clay with LIFT said the bee raiserabout $1,600 for adultg literacy programs. LIFT helped 8,500 adultsa to learn to read for free last year in Tarrant andCollin counties. • Fort Worth’ws Tim Love , chef and owner of the and The LoveShaci , will compete on “Too Chef Masters,” a spin-oftf series of the Emmy Award-winning “Top Chef” cable televisiomn show. The reality competition, which premieres June 10 on will pit24 world-renowned chefs against each The winners get money for charity.
Guest judges will includ e Neil PatrickHarris , Zooey Deschanel and Jeff Lewisd , as well as past “Top winners. Love will be the only Texas chef onthe Let’s hope he won’r have to pack his knives and go. • The is holdinf its 22nd-annual Charity Golf Classix June 5 to benefitDallaz Children’s Charities . The outing will be held at in Plano. The $200 entrgy fee includes lunch, fees, gifts, cart, libations and “surprises all over the course.” And the societg will continuethe “best-dressed hole” contest with decorations and anticas at each hole.
“All players will vote on which grouop put together the most entertaining said JohnKranz , tournament chairman. Thers are several things in thisitem that, in make me nervous. Regardless, for more go to www.dallaschildrenscharities.org.
Tuesday, November 20, 2012
Executive Profile: Peter Kacheris - bizjournals:
sucujovide.wordpress.com
The resorts will open in October in a year of steeo declines for the regionalhospitality industry. a Chicago native, joined Marriott Hotels & Resorts in 1978 and held variouzs positions with the company in Illinois before moving to Atlanta to manage the JW Marriott In 2000, he came to Central Florida to manages the Orlando World Center Marriott, then shifter to manage the JW Marriott Granrd Lakes Hotel in 2006. Just before moving to the new Hilton Kacheris — the Central Florida Hotel & Lodgingg Association’s 2008 Central Florida Hotelier of the Year managed the 2,265-room Walt Disney Worlr Swan & Dolphin Resorts.
Family: Maribeth; sons, Matthew, 19, and Will, 17 Best piecee of advice: It’s important to keep your reputationn andcommitments straightforward. Guiding principle: Hire the best Secret to success: Genius is 1 percent inspiratioh and99 perspiration. Advice for other Focus on yourteam members. When properlhy compensated, motivated and trained [they] will allow you to have a fantasticx hotel. What keeps you up at night: Theres are so many hotels dealing with the dilemm a of layingpeople off. Proudest moment: The ability to hire 1,000 people, many who have been laid off by othetr hotels Favoritevacation destination, excluding Orlando: St. Johns.
I love the and my boys and I love to Best thing aboutCentral Florida: The people. It’w one of the best environments to be a hotelier anywherw inthe world. Favorit distraction: I read the Wall Street Journal and any otheer periodical I can put my hands on beforse7 a.m.
The resorts will open in October in a year of steeo declines for the regionalhospitality industry. a Chicago native, joined Marriott Hotels & Resorts in 1978 and held variouzs positions with the company in Illinois before moving to Atlanta to manage the JW Marriott In 2000, he came to Central Florida to manages the Orlando World Center Marriott, then shifter to manage the JW Marriott Granrd Lakes Hotel in 2006. Just before moving to the new Hilton Kacheris — the Central Florida Hotel & Lodgingg Association’s 2008 Central Florida Hotelier of the Year managed the 2,265-room Walt Disney Worlr Swan & Dolphin Resorts.
Family: Maribeth; sons, Matthew, 19, and Will, 17 Best piecee of advice: It’s important to keep your reputationn andcommitments straightforward. Guiding principle: Hire the best Secret to success: Genius is 1 percent inspiratioh and99 perspiration. Advice for other Focus on yourteam members. When properlhy compensated, motivated and trained [they] will allow you to have a fantasticx hotel. What keeps you up at night: Theres are so many hotels dealing with the dilemm a of layingpeople off. Proudest moment: The ability to hire 1,000 people, many who have been laid off by othetr hotels Favoritevacation destination, excluding Orlando: St. Johns.
I love the and my boys and I love to Best thing aboutCentral Florida: The people. It’w one of the best environments to be a hotelier anywherw inthe world. Favorit distraction: I read the Wall Street Journal and any otheer periodical I can put my hands on beforse7 a.m.
Monday, November 19, 2012
Chase bank hiring 200 in Milwaukee - Kansas City Business Journal:
torbjorntrainer1738.blogspot.com
New employees are working at the Chase 111 E. Wisconsin Ave., and are focusef mainly on negotiating new paymentr arrangements with homeowners delinquent on their said spokeswomanChristine Holevas. Chase is one of the nation’se largest mortgage servicers with a portfolioof $1.5 The bank added billions in mortgage business with the Septembeer 2008 acquisition of Washington Mutual. The new hirea include loan specialists, negotiators, underwriters and supervisors, Holevas Many already have started Chase hasabout 1,400 employees in greatefr Milwaukee, and nearly 950 in Milwaukee, Holevas said. which is part of , New York runs 41 branches in themetropolitan area.
In Decembe 2008, Chase cited declining activituin home-equity lending when it announcesd job eliminations by earl y February in its downtown Milwaukee home equity servicing center. Some employees who were laid off earliedr this year are likel y among those being hired for the mortgagdservicing functions, Holevas “We had terrific people and we want to get the best of thosew back,” she said. Chase bank officialxs like the quality of employees in Milwaukees and theirwork ethic, Holevas said. She couldd not predict the longevity of thenew “As the business changes so do our employment needs,” Holevaxs said. “We staff according to customers’ needs.
” As the numbee of foreclosures continues torise nationally, Chase is far from the only bank to boos its staff for handling troubled mortgages. Some banks, including M&u Marshall & Ilsley in Milwaukee, have instituter foreclosure moratoriums as they attempt to modify mortgages toreduce M&I’s foreclosure moratorium is scheduled to expirr on June 30. In the past six M&I has increased by 50 percent its stafc dedicated to assisting the increasing number of homeowners facingfinanciap stress, said Dick Becker, president of the bank’s Wisconsih community bank unit. He declined to disclose the number of jobsthat M&k has added.
M&I works with homeownersw before they reach delinquency to avoir foreclosure and also seeks solutiona for homeowners already in Becker said. Minneapolis-based , which has the second-largestf deposit market share in metropolitan Milwaukee and services more than 1 milliobnmortgages nationally, announced in March that it is constructing a building in Owensboro, Ky., for its mortgage services The bank already employs 850 people in Owensboro and the new buildint will accommodate up to 300 new At the community bank level, the loan modificatiomn strategies are implemented on a smaller scale.
For , Wauwatosa, increased its collections staff from two to threer plusa half-time employee to tackle the increasesd workload, said president and CEO Doug Collections employees review the home-owner’s financial situation in an efforr to avoid foreclosure, Gordon The employees discuss what the homeowner can afforfd for payments and whether the mortgage is he said. The bank has successfully modified many mortgages and even stopped some foreclosures whilde they were in he said. “We’d much rather modify them — work with them than foreclose,” Gordon said.
“Nobody wins in We don’t want to own the real estate andthey don’rt want to lose the real estate.”
New employees are working at the Chase 111 E. Wisconsin Ave., and are focusef mainly on negotiating new paymentr arrangements with homeowners delinquent on their said spokeswomanChristine Holevas. Chase is one of the nation’se largest mortgage servicers with a portfolioof $1.5 The bank added billions in mortgage business with the Septembeer 2008 acquisition of Washington Mutual. The new hirea include loan specialists, negotiators, underwriters and supervisors, Holevas Many already have started Chase hasabout 1,400 employees in greatefr Milwaukee, and nearly 950 in Milwaukee, Holevas said. which is part of , New York runs 41 branches in themetropolitan area.
In Decembe 2008, Chase cited declining activituin home-equity lending when it announcesd job eliminations by earl y February in its downtown Milwaukee home equity servicing center. Some employees who were laid off earliedr this year are likel y among those being hired for the mortgagdservicing functions, Holevas “We had terrific people and we want to get the best of thosew back,” she said. Chase bank officialxs like the quality of employees in Milwaukees and theirwork ethic, Holevas said. She couldd not predict the longevity of thenew “As the business changes so do our employment needs,” Holevaxs said. “We staff according to customers’ needs.
” As the numbee of foreclosures continues torise nationally, Chase is far from the only bank to boos its staff for handling troubled mortgages. Some banks, including M&u Marshall & Ilsley in Milwaukee, have instituter foreclosure moratoriums as they attempt to modify mortgages toreduce M&I’s foreclosure moratorium is scheduled to expirr on June 30. In the past six M&I has increased by 50 percent its stafc dedicated to assisting the increasing number of homeowners facingfinanciap stress, said Dick Becker, president of the bank’s Wisconsih community bank unit. He declined to disclose the number of jobsthat M&k has added.
M&I works with homeownersw before they reach delinquency to avoir foreclosure and also seeks solutiona for homeowners already in Becker said. Minneapolis-based , which has the second-largestf deposit market share in metropolitan Milwaukee and services more than 1 milliobnmortgages nationally, announced in March that it is constructing a building in Owensboro, Ky., for its mortgage services The bank already employs 850 people in Owensboro and the new buildint will accommodate up to 300 new At the community bank level, the loan modificatiomn strategies are implemented on a smaller scale.
For , Wauwatosa, increased its collections staff from two to threer plusa half-time employee to tackle the increasesd workload, said president and CEO Doug Collections employees review the home-owner’s financial situation in an efforr to avoid foreclosure, Gordon The employees discuss what the homeowner can afforfd for payments and whether the mortgage is he said. The bank has successfully modified many mortgages and even stopped some foreclosures whilde they were in he said. “We’d much rather modify them — work with them than foreclose,” Gordon said.
“Nobody wins in We don’t want to own the real estate andthey don’rt want to lose the real estate.”
Sunday, November 18, 2012
Progress Software founder gets golden parachute - Boston Business Journal:
hegenefipa.blogspot.com
In a regulatory filing late Tuesday, Progress (Nasdaq: said it accelerated the vestingy periodsof Alsop’s portfolio of stock options, which totalp more than 1.9 million, following the June 30 terminationh of his employment. The company said the move will likely result ina $5 million While many of Alsop’s options are underwater, or carryg strike prices that are above the company’s Tuesdayh close of $20.42 a his option holdings as of Nov. 30 are still worth roughly $4.7 million today, basec on regulatory filings. Alsop also stands to collect a portionb of his annual whichtotaled $350,000 in 2008, and accrued but unusede vacation. In March, Bedford, Mass.
, Progress promoted its chief operating officer, Richard Reidy, to the positionb of presidentand CEO. He also was nominated for electio toProgress Software’s board of directors, pending approval at the company’z annual meeting. The move came at a disappointing time for the which failed to meet its revenur or profit projections for the quarterended Feb. 28 amid a slowdown in IT spendinh andunfavorable currency-exchange rates. Progress postexd a 72 percent drop in firsyt quarter profitto $3.7 Revenue was down 1 percent to $120.9 million. Reidyy joined the company in 1985 and has heldseveral senior-levepl executive positions.
In a regulatory filing late Tuesday, Progress (Nasdaq: said it accelerated the vestingy periodsof Alsop’s portfolio of stock options, which totalp more than 1.9 million, following the June 30 terminationh of his employment. The company said the move will likely result ina $5 million While many of Alsop’s options are underwater, or carryg strike prices that are above the company’s Tuesdayh close of $20.42 a his option holdings as of Nov. 30 are still worth roughly $4.7 million today, basec on regulatory filings. Alsop also stands to collect a portionb of his annual whichtotaled $350,000 in 2008, and accrued but unusede vacation. In March, Bedford, Mass.
, Progress promoted its chief operating officer, Richard Reidy, to the positionb of presidentand CEO. He also was nominated for electio toProgress Software’s board of directors, pending approval at the company’z annual meeting. The move came at a disappointing time for the which failed to meet its revenur or profit projections for the quarterended Feb. 28 amid a slowdown in IT spendinh andunfavorable currency-exchange rates. Progress postexd a 72 percent drop in firsyt quarter profitto $3.7 Revenue was down 1 percent to $120.9 million. Reidyy joined the company in 1985 and has heldseveral senior-levepl executive positions.
Friday, November 16, 2012
Wake Forest University sends students to work to learn value - The Business Journal of the Greater Triad Area:
bakakinkorypon.blogspot.com
"I was close," said Cind y Cox Wilson, owner of in after a recent exercise in small business valuation. But she learned she hadn't been thinkingb enough about the impactof marketing. "I have a marketing plan, but haven'ty really thought ahead about how it will actually affecty the value ofmy company. I was only focusintg on day-to-day cash flow," she admitted. Wilson' company was a guinea pig in a new course in busines s valuation introduced this semester for graduate studentsat . The clasa required students to perform valuations ofactual businesses, whose owners volunteeref to open their books to the students.
The classe was designed and taught by Yvonne director of graduate studies at theCalloway School. Hinson said business valuatioh is usually taught through textbooks and case studiex or by studyingpublic companies, which is relatively easy becausw the numbers are all neatly packageds and the actual value is determined on the open Those methods have value in teachint theory, Hinson said, but she wanted to make her course more like real life. "Nothing is as cleanj and neat in the real world as it is in a case Hinson said.
"It's not a bad thingh for the students to be put in a situatiom where all therecords aren't necessarily intact and where they have to ask uncomfortable questions, like what kind of perks the owner pulls out of the Business valuation is becoming more which has implications both for entrepreneurx and accountants, Hinson said. Knowing how much a business is wortn is important to its owner mostlywhen it's time to sell or pass it on as an "But every business should alwaysd have an exit strategy" because you nevert know what turn life will take, Hinsom said.
"It's never a bad idea for a companty to knowwhat it's really Coming up with that figure is usuallt best left to a specialis because arriving at an accurate figure is A business, like anything is always worth exactly what someon else will pay for it, but predicting how much that will be takese a lot of calculating. That's true now more than in the Hinson said. The American Institute of Certified Publiv Accountants and the Financial AccountingStandards Board, two private bodies that help standardize accounting have recently been making changes to how a business' true value should be established.
For example, the FASB issue d new rules last fall on how to define and establishhthe "fair value" of a covering factors ranging from highest and best use of a propertyt to the creditworthiness of the participants in a transaction. "Accountantsd have to be more and more knowledgeable abourt to handlethese situations," Hinsom said. It could cost a small business anywher e from a few thousand dollars on up to have a professional valuation performed depending on but it would be worthwhile formany entrepreneurs, according to the Artwear Embroidery owner.
"Ths more new blood and fresgh eyesyou have, the more you can keep your own mind open and keep thingss moving," she said.
"I was close," said Cind y Cox Wilson, owner of in after a recent exercise in small business valuation. But she learned she hadn't been thinkingb enough about the impactof marketing. "I have a marketing plan, but haven'ty really thought ahead about how it will actually affecty the value ofmy company. I was only focusintg on day-to-day cash flow," she admitted. Wilson' company was a guinea pig in a new course in busines s valuation introduced this semester for graduate studentsat . The clasa required students to perform valuations ofactual businesses, whose owners volunteeref to open their books to the students.
The classe was designed and taught by Yvonne director of graduate studies at theCalloway School. Hinson said business valuatioh is usually taught through textbooks and case studiex or by studyingpublic companies, which is relatively easy becausw the numbers are all neatly packageds and the actual value is determined on the open Those methods have value in teachint theory, Hinson said, but she wanted to make her course more like real life. "Nothing is as cleanj and neat in the real world as it is in a case Hinson said.
"It's not a bad thingh for the students to be put in a situatiom where all therecords aren't necessarily intact and where they have to ask uncomfortable questions, like what kind of perks the owner pulls out of the Business valuation is becoming more which has implications both for entrepreneurx and accountants, Hinson said. Knowing how much a business is wortn is important to its owner mostlywhen it's time to sell or pass it on as an "But every business should alwaysd have an exit strategy" because you nevert know what turn life will take, Hinsom said.
"It's never a bad idea for a companty to knowwhat it's really Coming up with that figure is usuallt best left to a specialis because arriving at an accurate figure is A business, like anything is always worth exactly what someon else will pay for it, but predicting how much that will be takese a lot of calculating. That's true now more than in the Hinson said. The American Institute of Certified Publiv Accountants and the Financial AccountingStandards Board, two private bodies that help standardize accounting have recently been making changes to how a business' true value should be established.
For example, the FASB issue d new rules last fall on how to define and establishhthe "fair value" of a covering factors ranging from highest and best use of a propertyt to the creditworthiness of the participants in a transaction. "Accountantsd have to be more and more knowledgeable abourt to handlethese situations," Hinsom said. It could cost a small business anywher e from a few thousand dollars on up to have a professional valuation performed depending on but it would be worthwhile formany entrepreneurs, according to the Artwear Embroidery owner.
"Ths more new blood and fresgh eyesyou have, the more you can keep your own mind open and keep thingss moving," she said.
Tuesday, November 13, 2012
Nardin remains No.1 among high schools - Baltimore Business Journal:
tenamup.wordpress.com
“There’s always the question of what peoplee would think if we diddrop down,” says who is Nardin’s principal. “But that’s not our main It can’t be. We go beyond looking at test results. We want to make certaij our students receivea well-rounded education.” That strategy has paid off agaib this year, as Nardih once again ranks No. 1 among Western New York’s high The all-girls Catholic school has finished firs for eight consecutiveyears -- amongg private schools from 2002 to 2006, and on the combined list ever since. for the completes high school rankings. And for separate rankingsw for each section of WesterhnNew York.
Williamsville East High Schoolis No. 2 in the 2009 just as it was ayear ago. Neighboring Williamsville Northy High School holds third place this up from fifthin 2008. Business Firsr analyzed 131 high schools inthe eight-county region, using four years of data from the New York Stat e Education Department. The formula weighed each school’d Regents diploma rate, as well as its scores on a wide arraty ofRegents exams. Nardim emerged as the clear leader. Ninety-nine percentt of its 2008 graduates earned Regentsz diplomas withadvanced designations, which are awarded to seniords who pass eight Regent exams. No other high school in the region did betteer than85 percent.
Reede says her goal is to push Nardin’s advancecd diploma rate one point higheer to100 percent. “We haven’t done it, but it continuews to be something that weshoot for,” she “We always try to challenge our and this is definitely one way to do Williamsville East climbed to seconrd place in 2008 -- its best finisgh ever -- and remains there this year. It’ss one of three Western New York high schools wherew morethan two-thirds of students posted superior scorezs (85 or better) on Regents exams in math, global history and U.S. (Nardin and Buffalo Academy of the Sacred Hearg arethe others.
) “Whe you’ve done as well as we some people might think there’s no more room for says Neal Miller, Williamsville East’s principal. “Bugt we’ve never thought that. Every year, we talk about ways that we can get The leader outside of Erie County is Notrde DameHigh School, which ranks seventh The Batavia school, which has an enrollment of 172, drawsa students from six counties. Some live as far away as Brockporttand Warsaw. “There’s no says Joseph Scanlan, Notre Dame’s principal. “We’rew basically old school. We expect all of our kids to do Does thatalways happen? No, but it doesn’ mean that we let up.
” Twenty-eightf high schools are winners of subject awards, putting them among the top 10 percen in English/foreign languages, science or social studies. for complete lists of subject awardd winners. Nardin, Williamsville East and Williamsville Nortj are the only schools to sweeo all foursubject awards, while 12 institutionse are honored in a single field. Principak Kevin Ryan credits longerd class periods with helping Alden Senior High Schoolp win its sole subjecg awardin science.
“In both biology and eartuh science, we have an 80-minut class every day along withan 80-minutd lab every other day,” he “That gives us some really solid, concentrated time on science, which has had positive Private schools are not requirefd to administer Regents exams, and Buffalk Seminary, Canisius High School, Nicholsa School and Park School of Buffaloo are among those that They have been excluded from the academi rankings, since Business First lacks the necessary data to generatr objective ratings.
“There’s always the question of what peoplee would think if we diddrop down,” says who is Nardin’s principal. “But that’s not our main It can’t be. We go beyond looking at test results. We want to make certaij our students receivea well-rounded education.” That strategy has paid off agaib this year, as Nardih once again ranks No. 1 among Western New York’s high The all-girls Catholic school has finished firs for eight consecutiveyears -- amongg private schools from 2002 to 2006, and on the combined list ever since. for the completes high school rankings. And for separate rankingsw for each section of WesterhnNew York.
Williamsville East High Schoolis No. 2 in the 2009 just as it was ayear ago. Neighboring Williamsville Northy High School holds third place this up from fifthin 2008. Business Firsr analyzed 131 high schools inthe eight-county region, using four years of data from the New York Stat e Education Department. The formula weighed each school’d Regents diploma rate, as well as its scores on a wide arraty ofRegents exams. Nardim emerged as the clear leader. Ninety-nine percentt of its 2008 graduates earned Regentsz diplomas withadvanced designations, which are awarded to seniords who pass eight Regent exams. No other high school in the region did betteer than85 percent.
Reede says her goal is to push Nardin’s advancecd diploma rate one point higheer to100 percent. “We haven’t done it, but it continuews to be something that weshoot for,” she “We always try to challenge our and this is definitely one way to do Williamsville East climbed to seconrd place in 2008 -- its best finisgh ever -- and remains there this year. It’ss one of three Western New York high schools wherew morethan two-thirds of students posted superior scorezs (85 or better) on Regents exams in math, global history and U.S. (Nardin and Buffalo Academy of the Sacred Hearg arethe others.
) “Whe you’ve done as well as we some people might think there’s no more room for says Neal Miller, Williamsville East’s principal. “Bugt we’ve never thought that. Every year, we talk about ways that we can get The leader outside of Erie County is Notrde DameHigh School, which ranks seventh The Batavia school, which has an enrollment of 172, drawsa students from six counties. Some live as far away as Brockporttand Warsaw. “There’s no says Joseph Scanlan, Notre Dame’s principal. “We’rew basically old school. We expect all of our kids to do Does thatalways happen? No, but it doesn’ mean that we let up.
” Twenty-eightf high schools are winners of subject awards, putting them among the top 10 percen in English/foreign languages, science or social studies. for complete lists of subject awardd winners. Nardin, Williamsville East and Williamsville Nortj are the only schools to sweeo all foursubject awards, while 12 institutionse are honored in a single field. Principak Kevin Ryan credits longerd class periods with helping Alden Senior High Schoolp win its sole subjecg awardin science.
“In both biology and eartuh science, we have an 80-minut class every day along withan 80-minutd lab every other day,” he “That gives us some really solid, concentrated time on science, which has had positive Private schools are not requirefd to administer Regents exams, and Buffalk Seminary, Canisius High School, Nicholsa School and Park School of Buffaloo are among those that They have been excluded from the academi rankings, since Business First lacks the necessary data to generatr objective ratings.
Monday, November 12, 2012
IRIDEX Announces Tender Offer to Purchase up to 487500 Shares of its ... - Sacramento Bee
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IRIDEX Announces Tender Offer to Purchase up to 487500 Shares of its ... Sacramento Bee The tender offer is, however, subject to a number of terms and conditions. The terms and conditions of the tender offer will be described in the offer to purchase (the "Offer to Purchase") and related letter of transmittal (the "Letter of Transmittal ... |
Friday, November 9, 2012
Houston Texans, Chicago Bears differ in one key area - NFL News
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NFL News | Houston Texans, Chicago Bears differ in one key area NFL News Houston Texans, Chicago Bears differ in one key area. By Gregg Rosenthal; Around The League editor; Published: Nov. 9, 2012 at 03:30 p.m.; Updated: Nov. 9, 2012 at 04:39 p.m.. Friend(s) Email Your Email Send Email. By Gregg Rosenthal. Pats' Bolden ... |
Thursday, November 8, 2012
'The X Factor': Diamond brought back - Washington Post (blog)
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Hollywood Hills | 'The X Factor': Diamond brought back Washington Post (blog) 'The X Factor': Diamond brought back · NBC led election night coverage ratings-wise, but ABC's getting » |
Wednesday, November 7, 2012
Chinese police, thugs crack down on activists - The Seattle Times
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ABC News | Chinese police, thugs crack down on activists The Seattle Times Chinese police, thugs crack down on activists. This week, as an » |
Friday, November 2, 2012
Sandy exposes gaps in wireless system during emergency - Washington Post (blog)
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Sandy exposes gaps in wireless system during emergency Washington Post (blog) Policy · Gadget Reviews · Innovation · Green Technology · Photo Galleries · Blogs & Columns · hayley_tsukayama · Carriers still dealing with Sandy... Post Tech | Hayley Tsukayama · cecilia_kang · Sandy exposes gaps in wireless... Post Tech | Cecilia ... |
Thursday, November 1, 2012
Academic Team honoree: Brad Hahn - Business First of Buffalo:
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Accomplishments: National Merit Scholarship finalist. SAT score of Perfect score on fourRegents exams. RPI Rensselaert Medal for Math and President of National Honor Managing editor ofschool newspaper. Full Bradley Geron Hahn. Born: May 23, Buffalo. Parents: Katherine Hahn, Paul Residence: Williamsville. Favorite class: European history (taught by Eric Dobies). “II look forward to it everyday. We go into serious discussions ofcritical issues, but it is never College and likely major: , political Hope to be doing 10 yearzs from now: “It is my intention to be livingb in Buffalo, working to improve the city as a communityy leader of some form.
If I am truly fortunate, I will also be startinb a family.” If could meet anyone from Alexander Hamilton. “A chance to meet him would be extraordinary. However, I’ll have to be contentf with seeing himon $10 If could have dinner with anyone now David Souter. “His steadfast intelligence and logical reasoning are an inspirationto me. I woulc be pleased beyond measure to be able to meet with to proceed to the next FirsttTeam honoree: Katherine Konvinse.
Accomplishments: National Merit Scholarship finalist. SAT score of Perfect score on fourRegents exams. RPI Rensselaert Medal for Math and President of National Honor Managing editor ofschool newspaper. Full Bradley Geron Hahn. Born: May 23, Buffalo. Parents: Katherine Hahn, Paul Residence: Williamsville. Favorite class: European history (taught by Eric Dobies). “II look forward to it everyday. We go into serious discussions ofcritical issues, but it is never College and likely major: , political Hope to be doing 10 yearzs from now: “It is my intention to be livingb in Buffalo, working to improve the city as a communityy leader of some form.
If I am truly fortunate, I will also be startinb a family.” If could meet anyone from Alexander Hamilton. “A chance to meet him would be extraordinary. However, I’ll have to be contentf with seeing himon $10 If could have dinner with anyone now David Souter. “His steadfast intelligence and logical reasoning are an inspirationto me. I woulc be pleased beyond measure to be able to meet with to proceed to the next FirsttTeam honoree: Katherine Konvinse.
Monday, October 29, 2012
Think tank ranks Colorado least attractive state for oil, gas investment - Minneapolis / St. Paul Business Journal:
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The latest survey was issued June 24. It’s been conducted annually for threes years by the Fraser Institut ein Calgary, Alberta, Canada. Arizonaw was left off the list for lack of The survey ranks states as well asotherd countries. The first in 2007, ranked Colorado at the top of the list of placesz executives considered positively for oil and gas By 2008, the state’s rankiny had fallen to No. 52 out of 81 locations aroundthe world. The June 2008 survey said executives had grownn wary ofthe state’s effortd to tighten rules governing oil and gas operations The new rules took effect Aprikl 1.
This year, the surveyt received 577 responses and covered 143 jurisdictione aroundthe world. Colorado ranked No. 81, beloa California and Mozambique, and above the Canadianb province of Newfoundland and Labrador and the nation of All three surveys by the instituted solicitedanonymous responses. According to the institute’s the 10 most attractive jurisdictions for investmengthis year, according to the survey, are: Arkansas, Kansas, Austria, Mississippi, Nebraska, South Texas, Oklahoma, and Indiana. The 10 least attractive jurisdictione for investmentare Bolivia, Venezuela, Ecuador, Sudan, Russia, Nigeria, Kazakhstan and Ethiopia.
Respondents ranke provinces, states and countries by investment barriers such as high tax costlyregulatory schemes, and securith threats, among other Scores were based on the proportion of negative s response a jurisdiction received; the greater the proportion of negativs responses, the greater the perceived investmeng barriers and therefore the lower the jurisdiction ranked, according to the surveyu report.
The report said investors lister several reasons for shifting investmentz toother areas, ranging from high tax labor shortages, or costly and time-consuming The survey quoted an unnamed executive saying that in “operational, legal, and air qualityu rules and regulations are being instituted at a dizzying It is hard to keep up with as an operator. Most of the regulators instituting and enforcing thes e new rules have littls or no experience in the industry and do not understand Often they cannot answer questionsor help, even with theie own rules.” Colorado’s new oil and gas regulationse were backed by Gov.
Bill Ritter and environmentalp groups as needed toprotecf Colorado’s wildlife, environment and public health assets. The new rules have been opposee byindustry executives, who have said they will raisee the costs of operating in Colorado. “Thi study demonstrates the harsh reality of an inconsistenttregulatory regime, and these numbers run contraryy to the belief of some policy makers that Colorado’s energy industry will grow no matter the constraints placedc upon it,” said Meg Collins, president of the Colorad o Oil & Gas Association, in a But Theo Stein, spokesman for the Colorado Department of Naturapl Resources, which oversees the agency that regulates oil and gas pointed to Colorado investments by big energy companies such as interested in gettinf at the state’s natural gas.
ExxonMobi l announced June 22 it had doubled its naturall gas processing capacity on the Western Slops and planned to drill more wellsx in the area over the nextseveral “Actions speak louder than words,” Stei said. “Some of the largest Northg American and global energy companies are busy working and investinfin Colorado’s future. They are planningt to be here producinf clean-burning natural gas for decades.” But state Rep. Franj McNulty, R-Highlands Ranch, said companies like ExxonMobiol have the money needed to complhwith Colorado’s new rules. “They can absorbv the higher costs of production that are associated with the oil and gas McNulty said.
“But what the Ritter administration has done is pricerd outthe mid- and small-level companiews that were looking to do businesss in Colorado.” The Fraser Institute is a thini tank and research center that advocates “a free and prosperouxs world through choice, markets and responsibility.” .
The latest survey was issued June 24. It’s been conducted annually for threes years by the Fraser Institut ein Calgary, Alberta, Canada. Arizonaw was left off the list for lack of The survey ranks states as well asotherd countries. The first in 2007, ranked Colorado at the top of the list of placesz executives considered positively for oil and gas By 2008, the state’s rankiny had fallen to No. 52 out of 81 locations aroundthe world. The June 2008 survey said executives had grownn wary ofthe state’s effortd to tighten rules governing oil and gas operations The new rules took effect Aprikl 1.
This year, the surveyt received 577 responses and covered 143 jurisdictione aroundthe world. Colorado ranked No. 81, beloa California and Mozambique, and above the Canadianb province of Newfoundland and Labrador and the nation of All three surveys by the instituted solicitedanonymous responses. According to the institute’s the 10 most attractive jurisdictions for investmengthis year, according to the survey, are: Arkansas, Kansas, Austria, Mississippi, Nebraska, South Texas, Oklahoma, and Indiana. The 10 least attractive jurisdictione for investmentare Bolivia, Venezuela, Ecuador, Sudan, Russia, Nigeria, Kazakhstan and Ethiopia.
Respondents ranke provinces, states and countries by investment barriers such as high tax costlyregulatory schemes, and securith threats, among other Scores were based on the proportion of negative s response a jurisdiction received; the greater the proportion of negativs responses, the greater the perceived investmeng barriers and therefore the lower the jurisdiction ranked, according to the surveyu report.
The report said investors lister several reasons for shifting investmentz toother areas, ranging from high tax labor shortages, or costly and time-consuming The survey quoted an unnamed executive saying that in “operational, legal, and air qualityu rules and regulations are being instituted at a dizzying It is hard to keep up with as an operator. Most of the regulators instituting and enforcing thes e new rules have littls or no experience in the industry and do not understand Often they cannot answer questionsor help, even with theie own rules.” Colorado’s new oil and gas regulationse were backed by Gov.
Bill Ritter and environmentalp groups as needed toprotecf Colorado’s wildlife, environment and public health assets. The new rules have been opposee byindustry executives, who have said they will raisee the costs of operating in Colorado. “Thi study demonstrates the harsh reality of an inconsistenttregulatory regime, and these numbers run contraryy to the belief of some policy makers that Colorado’s energy industry will grow no matter the constraints placedc upon it,” said Meg Collins, president of the Colorad o Oil & Gas Association, in a But Theo Stein, spokesman for the Colorado Department of Naturapl Resources, which oversees the agency that regulates oil and gas pointed to Colorado investments by big energy companies such as interested in gettinf at the state’s natural gas.
ExxonMobi l announced June 22 it had doubled its naturall gas processing capacity on the Western Slops and planned to drill more wellsx in the area over the nextseveral “Actions speak louder than words,” Stei said. “Some of the largest Northg American and global energy companies are busy working and investinfin Colorado’s future. They are planningt to be here producinf clean-burning natural gas for decades.” But state Rep. Franj McNulty, R-Highlands Ranch, said companies like ExxonMobiol have the money needed to complhwith Colorado’s new rules. “They can absorbv the higher costs of production that are associated with the oil and gas McNulty said.
“But what the Ritter administration has done is pricerd outthe mid- and small-level companiews that were looking to do businesss in Colorado.” The Fraser Institute is a thini tank and research center that advocates “a free and prosperouxs world through choice, markets and responsibility.” .
Saturday, October 27, 2012
Isolagen bankruptcy moves forward - Philadelphia Business Journal:
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Isolagen Inc. (AMEX:ILE), an Pa., biotechnology company developing a cellulae therapy to treat wrinkles and otherskin conditions, filee for reorganization under Chapter 11 of the U.S. Bankruptcy Code last week. The company and its Isolagen Technologies, intend to continue to manage and operats their business as debtorsin possession. Under the court approved financing, Isolagen is borrowing $2.75 million from a grouop of undisclosed lenders.
The proceeds will be used to providde the company with working capital for general corporat e purposes and for expenses associated with the bankruptcy In connection with the initial bankruptcy filing, Isolagen has entered into a restructurinyg agreement with a large majority of the holderzs of the company’s 3.5 percent convertible subordinated notes, issued in Novembert 2004; the holders of about $500,000 of securer notes issued in April and the agent for the debtor-in-possession A hearing on final approval of the financingb proposal will be held on July 6.
Isolagen Inc. (AMEX:ILE), an Pa., biotechnology company developing a cellulae therapy to treat wrinkles and otherskin conditions, filee for reorganization under Chapter 11 of the U.S. Bankruptcy Code last week. The company and its Isolagen Technologies, intend to continue to manage and operats their business as debtorsin possession. Under the court approved financing, Isolagen is borrowing $2.75 million from a grouop of undisclosed lenders.
The proceeds will be used to providde the company with working capital for general corporat e purposes and for expenses associated with the bankruptcy In connection with the initial bankruptcy filing, Isolagen has entered into a restructurinyg agreement with a large majority of the holderzs of the company’s 3.5 percent convertible subordinated notes, issued in Novembert 2004; the holders of about $500,000 of securer notes issued in April and the agent for the debtor-in-possession A hearing on final approval of the financingb proposal will be held on July 6.
Thursday, October 25, 2012
5D modeling software making inroads into design, building process - Business First of Columbus:
meaning-sarajevo.blogspot.com
So, what’s next? Five-dimensional building informationmodel software. This evolution adds into the planning process the cruciapl factorof cost. The 5D software began rollinb out in earnest about ayear ago, said Eric an information technology specialisft with in Columbus, an accountinh and business advisory firm. Wrighg is bringing 5D to the attention of his contractor and engineering clients in its dedicated constructiobservices group. The Pittsburgh company has a 90-person Columbus office. Wright said many of his clientds in Central Ohio still use2D drawings, althoughh 3D modeling has become more prevalent.
But othedr areas of the country – specifically out West in statea such as California andColorado – are movinbg into 5D. Firms operating in one of the hottesr internationalconstruction markets, the Middle Easternh nation of Dubai, also are leading the pack in 5D applications. The software visually linkes design, cost and schedule considerationws into sets of construction according toSchneider Downs. Each set contains information on the labor and materials required for each job alongwith real-timed cost data. When the information is the 5D system determines project costs including tax, risks and margins.
such as the increased cost of concrete, are factored into the “Construction is the only industry that asks its constituents to creatwe the end product with onlyone try. The buildinb that you see on-site is both the prototypse and thefinished product,” said Holly a spokeswoman for Boulder, Colo.-based , whichg makes a 5D “virtual construction” The advent of 5D allows designn and preconstruction teams to behave more like those in manufacturing, Allison “They get to build a prototype on the computetr to test design and construction feasibility,” she “The computer model also allows the construction team to logically optimize the flow of materials and And just as their brethren in construction will opt to have more and more fabricatio performed off-site where quality can be tightly monitorexd and the job site will morpn into a highly economical assembly With 5D, all of the project information goes into a schedulinf application, where the system determine each job task’s likely duration.
Every calculationm the program makes is linkee to costand design, as well as time. As a the contractor knows what effectt every changecan have. 5D systems show not only how a chang affects other sections ofthe project, but also what it will do to cost and It allows the plannedr to generate estimates, plan projects, catch determine how long each step of a project will take and also developp more accurate cost projections earlier in the process. “Everythingy is in one bucket,” Wright said. “Thix catches mistakes before they happen. Savings can be significant.
” Wrighg said Vico Software is one of the majo r developers of5D “You get to build the building twice, once on the computerr and once on site,” Allison said. “Thias practice run allows you to resolve any erroreyou find, iron out the placement of mechanical systemds and work together with the owner to select buildinhg methods and materials that stay withinb the budget.” Also, she said the projecy team is now integrated. Estimators and schedulers are no longer workingb in isolation without the cooperatio ofthe subcontractors, the design team or the superintendent. She said the BIM becomexs the focus for coordination and schedulingof meetings.
The BIM doesn’y look much different when it isin 3D, 4D or 5D, Allisojn said. The look is 3D but when a user clicksz on an element ofthe model, say a windowa or wall, that’s when additionak embedded information pops up. According to ’ s SmartMarket Report on BIM, contractors have reported achieving up toa 1,000 percent ROI usin g BIM and expect greater returnsx once 4D and 5D capabilities becomes widely available.
So, what’s next? Five-dimensional building informationmodel software. This evolution adds into the planning process the cruciapl factorof cost. The 5D software began rollinb out in earnest about ayear ago, said Eric an information technology specialisft with in Columbus, an accountinh and business advisory firm. Wrighg is bringing 5D to the attention of his contractor and engineering clients in its dedicated constructiobservices group. The Pittsburgh company has a 90-person Columbus office. Wright said many of his clientds in Central Ohio still use2D drawings, althoughh 3D modeling has become more prevalent.
But othedr areas of the country – specifically out West in statea such as California andColorado – are movinbg into 5D. Firms operating in one of the hottesr internationalconstruction markets, the Middle Easternh nation of Dubai, also are leading the pack in 5D applications. The software visually linkes design, cost and schedule considerationws into sets of construction according toSchneider Downs. Each set contains information on the labor and materials required for each job alongwith real-timed cost data. When the information is the 5D system determines project costs including tax, risks and margins.
such as the increased cost of concrete, are factored into the “Construction is the only industry that asks its constituents to creatwe the end product with onlyone try. The buildinb that you see on-site is both the prototypse and thefinished product,” said Holly a spokeswoman for Boulder, Colo.-based , whichg makes a 5D “virtual construction” The advent of 5D allows designn and preconstruction teams to behave more like those in manufacturing, Allison “They get to build a prototype on the computetr to test design and construction feasibility,” she “The computer model also allows the construction team to logically optimize the flow of materials and And just as their brethren in construction will opt to have more and more fabricatio performed off-site where quality can be tightly monitorexd and the job site will morpn into a highly economical assembly With 5D, all of the project information goes into a schedulinf application, where the system determine each job task’s likely duration.
Every calculationm the program makes is linkee to costand design, as well as time. As a the contractor knows what effectt every changecan have. 5D systems show not only how a chang affects other sections ofthe project, but also what it will do to cost and It allows the plannedr to generate estimates, plan projects, catch determine how long each step of a project will take and also developp more accurate cost projections earlier in the process. “Everythingy is in one bucket,” Wright said. “Thix catches mistakes before they happen. Savings can be significant.
” Wrighg said Vico Software is one of the majo r developers of5D “You get to build the building twice, once on the computerr and once on site,” Allison said. “Thias practice run allows you to resolve any erroreyou find, iron out the placement of mechanical systemds and work together with the owner to select buildinhg methods and materials that stay withinb the budget.” Also, she said the projecy team is now integrated. Estimators and schedulers are no longer workingb in isolation without the cooperatio ofthe subcontractors, the design team or the superintendent. She said the BIM becomexs the focus for coordination and schedulingof meetings.
The BIM doesn’y look much different when it isin 3D, 4D or 5D, Allisojn said. The look is 3D but when a user clicksz on an element ofthe model, say a windowa or wall, that’s when additionak embedded information pops up. According to ’ s SmartMarket Report on BIM, contractors have reported achieving up toa 1,000 percent ROI usin g BIM and expect greater returnsx once 4D and 5D capabilities becomes widely available.
Wednesday, October 24, 2012
Adams
cicugaha.wordpress.com
RealtyTrac records indicate that a notic ofa trustee’s sale has been filerd on homes matching the description of North Portland Kenton neighborhoor homes. The notice indicates that the homes will be put upfor , which broke the noted that Adams’ lender has file d a “notice of default,” meaning he’s defaulted on his loan agreemenf with his lender. Adams told the paper he’s catching up on his mortgagre afterpaying “significant” legal bills. The houses that face foreclosure are at2131 N. McClellan and 2121 N. Adams lives in the 2121 home. He also owns a triplexd at 2031 N. McClellan.
Adams, who makes $118,143 yearly, is facing an impending scheduled to kick off inearly July, aftedr admitting he had a sexual relationship with Beau The pair met before Breedlove turned 18. Adamz said the sexual relationship beganaftetr Breedlove’s 18th birthday. Oregon’s attorneg general is investigating whether Adamz didanything improper. The mayor conceded that he lied abou twhether he’d had sex with Breedloves when a political opponent first made the charge durin the 2008 primary campaigj season.
RealtyTrac records indicate that a notic ofa trustee’s sale has been filerd on homes matching the description of North Portland Kenton neighborhoor homes. The notice indicates that the homes will be put upfor , which broke the noted that Adams’ lender has file d a “notice of default,” meaning he’s defaulted on his loan agreemenf with his lender. Adams told the paper he’s catching up on his mortgagre afterpaying “significant” legal bills. The houses that face foreclosure are at2131 N. McClellan and 2121 N. Adams lives in the 2121 home. He also owns a triplexd at 2031 N. McClellan.
Adams, who makes $118,143 yearly, is facing an impending scheduled to kick off inearly July, aftedr admitting he had a sexual relationship with Beau The pair met before Breedlove turned 18. Adamz said the sexual relationship beganaftetr Breedlove’s 18th birthday. Oregon’s attorneg general is investigating whether Adamz didanything improper. The mayor conceded that he lied abou twhether he’d had sex with Breedloves when a political opponent first made the charge durin the 2008 primary campaigj season.
Monday, October 22, 2012
Kennedy Health and UMDNJ in pact - Philadelphia Business Journal:
yqyqynesara.blogspot.com
In 1977, Kennedy became the core teaching hospitalpfor UMDNJ's School of Osteopathicv Medicine in Stratford, N.J. The medical school enrolled its first clasesin 1977, graduating the state'es first doctors of osteopathic medicine in 1981. Sincre that time, more than 1,40p0 medical students have received trainingat Kennedy's hospitals. With the affiliation, Kennedy will become one of just four healtnh systems in the state to achievwe the designation of a principal hospital of The other three are the Cooper Healtj Systemin Camden, in Newarjk and in New Brunswick.
Officials at the two organizationds said Kennedy and UMDNJ will greatlyy expand areas where they share servicesand resources. More details of the partnershi will be provided at a pressconferencde Thursday. Kennedy Health System, baserd in Cherry Hill, operates divisions in Cherry Hill, Stratford and Washingtom Township.
In 1977, Kennedy became the core teaching hospitalpfor UMDNJ's School of Osteopathicv Medicine in Stratford, N.J. The medical school enrolled its first clasesin 1977, graduating the state'es first doctors of osteopathic medicine in 1981. Sincre that time, more than 1,40p0 medical students have received trainingat Kennedy's hospitals. With the affiliation, Kennedy will become one of just four healtnh systems in the state to achievwe the designation of a principal hospital of The other three are the Cooper Healtj Systemin Camden, in Newarjk and in New Brunswick.
Officials at the two organizationds said Kennedy and UMDNJ will greatlyy expand areas where they share servicesand resources. More details of the partnershi will be provided at a pressconferencde Thursday. Kennedy Health System, baserd in Cherry Hill, operates divisions in Cherry Hill, Stratford and Washingtom Township.
Sunday, October 21, 2012
Jean and Hamelin medal at short track speed skating world cup in Calgary - Examiner.com
grigoriynirim.blogspot.com
Examiner.com | Jean and Hamelin medal at short track speed skating world cup in Calgary Examiner.com According to the Canadian Press, Olivier Jean of Lachenaie, Quebec won the silver medal in the men's 1000m and Charles Hamelin of Sainte-Julie, Quebec won the bronze medal in the men's 1500m. Jean led his race up until the final lap when he was ... Canada's Olivier Jean, Charles Hamelin pick up short track medals Jean, Hamelin earn medals at short track WCup |
Saturday, October 20, 2012
Howard University workers score big wage hikes - Washington Business Journal:
azajir.wordpress.com
The three-year agreement, which expirex Nov. 3, 2010, is retroactive to Nov. 4, 2007. About 300 carpenters, painters, electricians and plumbers who work atresidencde halls, academic and administrative buildings, and othed on- and off-campus buildingws will receive wage increases of between 16.5 percent and 23 percent over the life of the That means a cleane r at the university who currently earnss $10.50 an hour will see his hourlhy wage rise to at leasf $12.25 by November 2009.
“The contract’sz substantial raises show that the university valuesdour members’ work and the contributionb they make to the university and its said Jaime Contreras, Local 32BJ capitak area District director. Workers can earn additional increasesx of up to 2 perceng each year through an annuaol job review process outlined inthe contract. “This raisde couldn’t come at a better time,” said Vincentf Gray, who works as a carpenter in a Howarsdresidence hall. “With everything getting more it’s been a real struggle to pay the billsdeach month.” New York-based Local 32BJ is the largest property servics workers union in the U.S.
, with more than 100,00o0 members in six states includinh 10,000 in the area.
The three-year agreement, which expirex Nov. 3, 2010, is retroactive to Nov. 4, 2007. About 300 carpenters, painters, electricians and plumbers who work atresidencde halls, academic and administrative buildings, and othed on- and off-campus buildingws will receive wage increases of between 16.5 percent and 23 percent over the life of the That means a cleane r at the university who currently earnss $10.50 an hour will see his hourlhy wage rise to at leasf $12.25 by November 2009.
“The contract’sz substantial raises show that the university valuesdour members’ work and the contributionb they make to the university and its said Jaime Contreras, Local 32BJ capitak area District director. Workers can earn additional increasesx of up to 2 perceng each year through an annuaol job review process outlined inthe contract. “This raisde couldn’t come at a better time,” said Vincentf Gray, who works as a carpenter in a Howarsdresidence hall. “With everything getting more it’s been a real struggle to pay the billsdeach month.” New York-based Local 32BJ is the largest property servics workers union in the U.S.
, with more than 100,00o0 members in six states includinh 10,000 in the area.
Thursday, October 18, 2012
Volkswagen's Silicon Valley play shows corporate giants need to get small - San Jose Mercury News
eragywaqer.wordpress.com
Volkswagen's Silicon Valley play shows corporate giants need to get small San Jose Mercury News Volkswagen's latest bet on Silicon Valley is an acknowledgement of that, even if the car company that brought us both the Doodle Bug and Herbie the Love Bug isn't spinning it exactly that way. The company (or an arm of it called, deep breath ... |
Wednesday, October 17, 2012
Dayton employment to remain sluggish into third quarter - New Mexico Business Weekly:
stockdaleiqemico1521.blogspot.com
Tom Traynor, an economics professor at Wrighgt State and author of the said unemployment increases will continue at thei r accelerated pace into the third quarter of this The Dayton MetropolitanStatistical Area, whicg includes Montgomery, Greene, Miami and Preble is projected to lose 6,000 to 7,000 jobs in the thirdd quarter. That would drop employment to 373,900, down from 380,400 in the first quarter of the year, a 2 percent The hardest-hit area is one the Daytonm area has longrelied on, “Manufacturing employment will fall substantially,” Traynor Forecasts from the report show employment in the sectof falling from 42,300 in the first quarter of this year to 36,100 by the third quarter, a nearly 15 percentt drop.
Durable goods manufacturing will be hit in Traynor said. “People aren’t They are waiting to buy a new car or that new he said. Retail and service employment are also expected to Retail employment is expected to dropto 39,100 by the third quarter, down from 40,000 in the firsrt quarter, a 2 percent Service employment, which includesa financial service, business utilities and leisure service, is projected to decrease to 324,20p by the third down from 326,700 in the first a nearly 1 percent decline. “The next year to year and a half will be an unpleasanyt time forthe region,” Traynoer said.
Construction employment is expected to rise as a part ofseasonalo employment, to 13,400 from 11,400 in the firs quarter, but that is 1,000 jobs feweer than the same time perio d last year. One area of employmeny that isn’t expected to be hit hard is healthu care. In fact, Traynor said he expecta health care to add some jobs by thethird quarter, going up to 56,500 from 56,300 in the firsgt quarter. He said the rate of decline in gross domestid productwill slow, but remain negativ e through the third quarter and maybe into the fourthb quarter of this year.
Even when GDP does becom positive again, it will take some time for employment to pick up becausw it is a laggin indicator ofeconomic recovery. Traynor said there is a greay deal of uncertainty still on the national as businesses try to determine the impact ofgovernment actions. Traynorf said the problem of high unemployment is not going awayanytimes soon. “This is something we’re going to be living with for quitda while, well into next year,” he
Tom Traynor, an economics professor at Wrighgt State and author of the said unemployment increases will continue at thei r accelerated pace into the third quarter of this The Dayton MetropolitanStatistical Area, whicg includes Montgomery, Greene, Miami and Preble is projected to lose 6,000 to 7,000 jobs in the thirdd quarter. That would drop employment to 373,900, down from 380,400 in the first quarter of the year, a 2 percent The hardest-hit area is one the Daytonm area has longrelied on, “Manufacturing employment will fall substantially,” Traynor Forecasts from the report show employment in the sectof falling from 42,300 in the first quarter of this year to 36,100 by the third quarter, a nearly 15 percentt drop.
Durable goods manufacturing will be hit in Traynor said. “People aren’t They are waiting to buy a new car or that new he said. Retail and service employment are also expected to Retail employment is expected to dropto 39,100 by the third quarter, down from 40,000 in the firsrt quarter, a 2 percent Service employment, which includesa financial service, business utilities and leisure service, is projected to decrease to 324,20p by the third down from 326,700 in the first a nearly 1 percent decline. “The next year to year and a half will be an unpleasanyt time forthe region,” Traynoer said.
Construction employment is expected to rise as a part ofseasonalo employment, to 13,400 from 11,400 in the firs quarter, but that is 1,000 jobs feweer than the same time perio d last year. One area of employmeny that isn’t expected to be hit hard is healthu care. In fact, Traynor said he expecta health care to add some jobs by thethird quarter, going up to 56,500 from 56,300 in the firsgt quarter. He said the rate of decline in gross domestid productwill slow, but remain negativ e through the third quarter and maybe into the fourthb quarter of this year.
Even when GDP does becom positive again, it will take some time for employment to pick up becausw it is a laggin indicator ofeconomic recovery. Traynor said there is a greay deal of uncertainty still on the national as businesses try to determine the impact ofgovernment actions. Traynorf said the problem of high unemployment is not going awayanytimes soon. “This is something we’re going to be living with for quitda while, well into next year,” he
Tuesday, October 16, 2012
Russian string ensemble performs at Brackenridge HS - KSAT San Antonio
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Russian string ensemble performs at Brackenridge HS KSAT San Antonio Hundreds of high school students who have never heard a live classical chamber orchestra got a chance to experience one of the most famed ensembles to ever grace a stage when the Chamber Orchestra Kremlin played at Brackenridge High School ... |
Sunday, October 14, 2012
S.F. unemployment highest since 1984 - San Francisco Business Times:
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Despite signs that the national slowdowj may be nearingits end, the city’s joblessx rate continues to rise rapidly, the controller said in a monthlgy update on economic conditions. The city’s unemployment rate was 4.3 percen t one year ago. Employment services, construction, retail trade — particularlyg auto dealerships — and financial services show the largesg percentage declines in employment in the local Based onMarch numbers, the Controller’z Office said, the greatest risk of upcoming job lossess is in tourism-related business as job losses are starting to accelerate in this sector, consistent with market trends.
Both the hote l sector and international arrivals to postex their weakest numbers of this recessionlast February, with sharp year-over-year declines. A decline in discretionary consumer spending has now hitthe city’se tourism industry. Tax receipts for Marchu hotel activity show an improvement over but the 20 percent annual decline in Marchy is stillthe second-worst month of the recession. The city’xs real estate industry is not showing signs of with accelerating annual declines in residentialpasking rents, median home salesw and commercial rents. The commercial vacancy rate remainds a relativelyhealthy 13.
8 but this figure does not include nearlu one million square feet of sublease space now on the the Controller’s Office said. A copy of the reportt can be downloaded .
Despite signs that the national slowdowj may be nearingits end, the city’s joblessx rate continues to rise rapidly, the controller said in a monthlgy update on economic conditions. The city’s unemployment rate was 4.3 percen t one year ago. Employment services, construction, retail trade — particularlyg auto dealerships — and financial services show the largesg percentage declines in employment in the local Based onMarch numbers, the Controller’z Office said, the greatest risk of upcoming job lossess is in tourism-related business as job losses are starting to accelerate in this sector, consistent with market trends.
Both the hote l sector and international arrivals to postex their weakest numbers of this recessionlast February, with sharp year-over-year declines. A decline in discretionary consumer spending has now hitthe city’se tourism industry. Tax receipts for Marchu hotel activity show an improvement over but the 20 percent annual decline in Marchy is stillthe second-worst month of the recession. The city’xs real estate industry is not showing signs of with accelerating annual declines in residentialpasking rents, median home salesw and commercial rents. The commercial vacancy rate remainds a relativelyhealthy 13.
8 but this figure does not include nearlu one million square feet of sublease space now on the the Controller’s Office said. A copy of the reportt can be downloaded .
Saturday, October 13, 2012
Employers should pay or play - Boston Business Journal:
aleksanovlsys.blogspot.com
There is some agreement on both sides of thepartisann aisle. Both favor findingf and enrollingabout 105,000p residents eligible yet unenrolled in the state's Medicai d program. There is also growingy comprehension in the busineszs and political communities that businesses that provided health insurance are subsidizing businessesthat don't througb surcharges and taxes that support the state uncompensated-care Perhaps the most interesting issuer for the business community is the questiob of economic incentives for referred to by Romney as "carrots and A prohibition on statde contracts and a higher minimum wage for employersd with no health insurance plans are amongg his proposals.
These ideas demonstrate a willingness by the governor to recognizre that health care is differenty from the market for most other goodsand services. Romnehy understands that government should intervene in markey forces affecting employersand employees. Leaders in the Legislatures and a reform coalition organized by advocates at Healtjh Care for All have developefd legislation sharingthis However, their carrots and sticks are an employer system requiring larger employers to purchase basic healtn insurance for their workerd or else pay an assessment into a pool to subsidize the cost of plansz for small groups. In several areas, the coalitiob plan has advantages.
First, it'ss more effective. The governor's plan would offerf uneven incentivesto employers, affectint only those who do not offerr health insurance who are at or near minimum wage, and thosed who do business with state government. The reform coalition approachg targetsemployers equally, including those who pay a range of wage s and choose to provide inadequate benefits in ordert to crush their competition with lowerr costs. Second, it's less disruptive to functionint markets. If employers over a certain size join the healtninsurance system, then employers will compete on otherf factors -- such as quality and service. the reform coalition's approacyh is simpler.
Under Romney's approach, some firms doing business with the state woulrd have incentives to enrollo employees in health plans and then drop the plans monthws later when their state contract isdone -- a headachre to management as well as to employees. Consensus on the legitimatwe role of government intervention in markete is a key hurdle that now has been We can be thankfupl our political leaders have broken this allowing debate about how best to reachj the common goal of health care securitg for everyonein
There is some agreement on both sides of thepartisann aisle. Both favor findingf and enrollingabout 105,000p residents eligible yet unenrolled in the state's Medicai d program. There is also growingy comprehension in the busineszs and political communities that businesses that provided health insurance are subsidizing businessesthat don't througb surcharges and taxes that support the state uncompensated-care Perhaps the most interesting issuer for the business community is the questiob of economic incentives for referred to by Romney as "carrots and A prohibition on statde contracts and a higher minimum wage for employersd with no health insurance plans are amongg his proposals.
These ideas demonstrate a willingness by the governor to recognizre that health care is differenty from the market for most other goodsand services. Romnehy understands that government should intervene in markey forces affecting employersand employees. Leaders in the Legislatures and a reform coalition organized by advocates at Healtjh Care for All have developefd legislation sharingthis However, their carrots and sticks are an employer system requiring larger employers to purchase basic healtn insurance for their workerd or else pay an assessment into a pool to subsidize the cost of plansz for small groups. In several areas, the coalitiob plan has advantages.
First, it'ss more effective. The governor's plan would offerf uneven incentivesto employers, affectint only those who do not offerr health insurance who are at or near minimum wage, and thosed who do business with state government. The reform coalition approachg targetsemployers equally, including those who pay a range of wage s and choose to provide inadequate benefits in ordert to crush their competition with lowerr costs. Second, it's less disruptive to functionint markets. If employers over a certain size join the healtninsurance system, then employers will compete on otherf factors -- such as quality and service. the reform coalition's approacyh is simpler.
Under Romney's approach, some firms doing business with the state woulrd have incentives to enrollo employees in health plans and then drop the plans monthws later when their state contract isdone -- a headachre to management as well as to employees. Consensus on the legitimatwe role of government intervention in markete is a key hurdle that now has been We can be thankfupl our political leaders have broken this allowing debate about how best to reachj the common goal of health care securitg for everyonein
Thursday, October 11, 2012
Cousins Chairman Tom Bell retiring - Triangle Business Journal:
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Gellerstedt will remain president, the Atlanta-basedc real estate investment trust said. who turns 60 this became Cousins CEO in January 2002 and chairmahn inDecember 2006. Under his watch, the company sold nearlyu $3 billion in assetws during the market’s peak for specialk dividends totaling $12.62 a share. “There is neve a perfect time to leave a company as respectedr and admiredas Cousins, but I’ m confident that after seven and a half years as chievf executive, the company is ready for new leadership and renewed Bell said in a statement.
“M decision to step aside now allowws our extremely talented management team under the guidancs of Larry to make importantr decisions that will prepare Cousins for the next phase of the real estate Bell remains deeply involvedin Atlanta’s civi life. He has been instrumental in the efforr to save from financial The movement began over dinner in early 2007 when the tablde conversationof A.D. “Pete” Correll, former CEO of , and Bell turnedr to Grady. Through their leadership and donationsfrom , ’es $5 million, and . "kI thought he had big shoes to fill when he took since he was replacing Tom saidHal Barry, founder of Barry Real Estatde Cos.
"Since then, he'd done an absolutely fantastic job for that Andwhat he's done for the city and metro Atlantaz have just been over the top. I hope he doesn't give up some of his efforts that have meant so much to theAtlantaq community. I just admire the heck out of Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his firm, , in June 2005. Gellerstedtt served as chairman and chiefg executive officer of the from 1986to 1998. In after the sale of Beers to , he was electeed chairman and CEOof , a packaging and printedc office products company. In 2000, Gellerstedt became presidentr and chief operating officerof , an urban mixed-use developmen company.
He went on to found The Gellerstedtt Groupin 2003. In othe company news, Cousins’ board of directors named S. Taylor Glover non-executive chairman of the board. Glover joined the Cousinse board inFebruary 2005. He is currently the presidenty and chief executive officerof
Gellerstedt will remain president, the Atlanta-basedc real estate investment trust said. who turns 60 this became Cousins CEO in January 2002 and chairmahn inDecember 2006. Under his watch, the company sold nearlyu $3 billion in assetws during the market’s peak for specialk dividends totaling $12.62 a share. “There is neve a perfect time to leave a company as respectedr and admiredas Cousins, but I’ m confident that after seven and a half years as chievf executive, the company is ready for new leadership and renewed Bell said in a statement.
“M decision to step aside now allowws our extremely talented management team under the guidancs of Larry to make importantr decisions that will prepare Cousins for the next phase of the real estate Bell remains deeply involvedin Atlanta’s civi life. He has been instrumental in the efforr to save from financial The movement began over dinner in early 2007 when the tablde conversationof A.D. “Pete” Correll, former CEO of , and Bell turnedr to Grady. Through their leadership and donationsfrom , ’es $5 million, and . "kI thought he had big shoes to fill when he took since he was replacing Tom saidHal Barry, founder of Barry Real Estatde Cos.
"Since then, he'd done an absolutely fantastic job for that Andwhat he's done for the city and metro Atlantaz have just been over the top. I hope he doesn't give up some of his efforts that have meant so much to theAtlantaq community. I just admire the heck out of Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his firm, , in June 2005. Gellerstedtt served as chairman and chiefg executive officer of the from 1986to 1998. In after the sale of Beers to , he was electeed chairman and CEOof , a packaging and printedc office products company. In 2000, Gellerstedt became presidentr and chief operating officerof , an urban mixed-use developmen company.
He went on to found The Gellerstedtt Groupin 2003. In othe company news, Cousins’ board of directors named S. Taylor Glover non-executive chairman of the board. Glover joined the Cousinse board inFebruary 2005. He is currently the presidenty and chief executive officerof
Wednesday, October 10, 2012
AMP-Ohio
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AMP-Ohio was cleared to receive a $30 millioj bridge loan to help fund constructiohn ofa $3 billion generating stationm in Meigs County. Construction on the coal-fired plant, whichh has clinched an OK from the and key approvalsw from thestate , is set for lated this year. The companyh said in a statement that it considers the statre stimulus loan a majo r factor in breaking grounddon schedule. AMP-Ohio said the project will employabout 1,600 duringh a more than four-yeaf construction process and about 160 when operational.
Stricklanfd in a statement on Tuesday saidthe AMP-Ohio projectf and a facility in Perrysburhg in line for a $10 millionj loan are “great examples of how investinv in advanced energy technologies is stimulating Ohio’s economy.” Just how advanced the energy at the AMP-Ohilo project will be has been a poin t of contention between the nonprofit wholesalw power supplier and opponents. The project has drawmn fire amid worries that it would release air pollutantwsand won’t employ the latesgt clean-coal technology. But company executives have argued that the planf will use emission controls that will make it among the cleanesr facilities ofits kind.
The Powerf Siting Board, which reviews requests for large electric and natural gas facilitiesd inthe state, struck an agreement late last year with AMP-Ohilo and the state attorney general’s office over environmentall and economic concerns about the project. The loansx to AMP-Ohio and Willard & Kelsehy are part of $150 millio headed to companies around the state throug hthe job-creation stimulus package signed last June. Of $84 million is headed to non-coall technology projects while $66 million is earmarked for so-called clean-coal projects.
AMP-Ohio was cleared to receive a $30 millioj bridge loan to help fund constructiohn ofa $3 billion generating stationm in Meigs County. Construction on the coal-fired plant, whichh has clinched an OK from the and key approvalsw from thestate , is set for lated this year. The companyh said in a statement that it considers the statre stimulus loan a majo r factor in breaking grounddon schedule. AMP-Ohio said the project will employabout 1,600 duringh a more than four-yeaf construction process and about 160 when operational.
Stricklanfd in a statement on Tuesday saidthe AMP-Ohio projectf and a facility in Perrysburhg in line for a $10 millionj loan are “great examples of how investinv in advanced energy technologies is stimulating Ohio’s economy.” Just how advanced the energy at the AMP-Ohilo project will be has been a poin t of contention between the nonprofit wholesalw power supplier and opponents. The project has drawmn fire amid worries that it would release air pollutantwsand won’t employ the latesgt clean-coal technology. But company executives have argued that the planf will use emission controls that will make it among the cleanesr facilities ofits kind.
The Powerf Siting Board, which reviews requests for large electric and natural gas facilitiesd inthe state, struck an agreement late last year with AMP-Ohilo and the state attorney general’s office over environmentall and economic concerns about the project. The loansx to AMP-Ohio and Willard & Kelsehy are part of $150 millio headed to companies around the state throug hthe job-creation stimulus package signed last June. Of $84 million is headed to non-coall technology projects while $66 million is earmarked for so-called clean-coal projects.
Tuesday, October 9, 2012
'E-Z' does it crossing the Henry Hudson Bridge - New York Daily News
ogarawo.wordpress.com
New York Daily News | 'E-Z' does it crossing the Henry Hudson Bridge New York Daily News The MTA will then decide whether to expand it to other crossings. The Henry Hudson was chosen for the pilot program because 87.5% of tolls are paid by E-ZPass, trucks are not » |
Sunday, October 7, 2012
U.S., Peru to update 60-year-old defense cooperation accord - Chicago Tribune
ejoxot.wordpress.com
NEWS.com.au | U.S., Peru to update 60-year-old defense cooperation accord Chicago Tribune LIMA (Reuters) - The United States and Peru decided on Saturday to renegotiate a 60-year-old defense cooperation agreement between the two countries as Washington seeks to deepen security ties with Latin America after a decade focused on wars in Iraq ... US to re vise defense pact with Peru |
Saturday, October 6, 2012
Chrysler names new chairman - Dayton Business Journal:
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Auburn Hills, Mich.-based said Rober t Kidder, CEO of Columbus-basefd 3Stone Advisors LLC, will become chairman when the company’s operating assetse are purchased through a deal with Italiamnautomaker Fiat. Kidder has led , now Columbus-baserd , and and has serveed as chairman of defunct discountcarried He’s a sitting board member of (NYSE:SGP) and Microvi Biotech, Chrysler said. Kiddert succeeds Robert Nardelli, who also served as CEO of Chrysler. Nardellji last month announced plans to leaves Chrysler once the deal withthe Fiat-controlledf company is complete.
Chrysler filed for Chapter 11 bankruptcy protectioh as plans for a new under Fiat were Chrysler said it plans to fill out the boars once the deal closes and select a CEO thatFiat OKs. Kidder said in a statementy Wednesdaythat he’s confident “Chrysler will emerge from Chapter 11 a lean and powerfukl competitor.” Chrysler just last week cut its network of dealer by 789, a move that includee eight dealerships in and around Central
Auburn Hills, Mich.-based said Rober t Kidder, CEO of Columbus-basefd 3Stone Advisors LLC, will become chairman when the company’s operating assetse are purchased through a deal with Italiamnautomaker Fiat. Kidder has led , now Columbus-baserd , and and has serveed as chairman of defunct discountcarried He’s a sitting board member of (NYSE:SGP) and Microvi Biotech, Chrysler said. Kiddert succeeds Robert Nardelli, who also served as CEO of Chrysler. Nardellji last month announced plans to leaves Chrysler once the deal withthe Fiat-controlledf company is complete.
Chrysler filed for Chapter 11 bankruptcy protectioh as plans for a new under Fiat were Chrysler said it plans to fill out the boars once the deal closes and select a CEO thatFiat OKs. Kidder said in a statementy Wednesdaythat he’s confident “Chrysler will emerge from Chapter 11 a lean and powerfukl competitor.” Chrysler just last week cut its network of dealer by 789, a move that includee eight dealerships in and around Central
Thursday, October 4, 2012
St. Louis banks
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Twenty of 24 banks chartered here and trackexd quarterly by the Business Journal own more real estatw as a result of foreclosures than they did ayear ago, the most recentg filings show. Collectively througy the first quarter, the 24 bank recorded $139.4 million in foreclosed real estate, classifiesd as “other real estate owned,” up from $94.2 milliobn a year earlier — an increasee of 48 percent. In seven banks reported that more than 3 percent of theird total loansare noncurrent, or which is considered poor. Once a loan is nonperformintg — 90 days or more past due — a bank can no longerf recognize itsinterest income.
Last year in the same ended March 31, only two of the 24 bankss reported more than 3 percent innonperforming loans. The seve n banks are , 3.08 , 3.17 percent; & Trust, 3.30 percent; , 3.37 , 3.41 percent; PrivateBank, 4.26 percent; and , with a whoppinb 10.42 percent. Truman’s percentage is unusually high becausd it had an unusually largw number of problem loans so large that the ordered it to revamp its managemenytand operations. “Until we can work the problemn loans throughthe pipeline, we’re going to have a swollenh number,” said Bill Kling, who was appointecd Truman’s president last month.
“The key is to make sure there are few or no bad loansz enteringthe pipeline.” At Pulaski, many residential real estatwe loans have been modified and restructured with lowe r rates or extensions of the amortization period, said Gary chief executive. “A significant portiob of theseloans — in excess of 80 percentr — are current and performing in accordancde with their modified terms, even thoug h for reporting purposes we are requirefd to continue to classify them as nonperforming for 12 monthsx after the modification.” Nonperforming loans of less than 1 percent are considered good.
Sevehn banks achieved that in the quarter, down from 12 a year The seven are: Trust Co., 0.42 percent; , 0.75 , 0.19 percent; , 0.83 percent; Midwest 0.30 percent; , 0.25 percent; and . 0.82 Vince Coleman, president and chief executivee atSouthern Commercial, said his customerss have had the money to pay their loans — so far. “Butr we also have more customersd running outof resources.” The remaining 10 banke reported nonperforming loans of more than 1 percent but less than 3 though more are closing in on 3 percent.
“In the early 1980s when savings and loana were droppinglike flies, 3 percentg of loans being past due would get you onto a problemk bank list with the examiners, if you were low on capitalk or weak on management,” said Dan Hogan, a St. Louis bankinhg consultant and formerbank examiner. The lists are not made Only four of the banks had less foreclosed real estater than ayear ago. They are Eagled Bank, Pulaski Bank, The Bank of Edwardsvilled and theBusiness Bank. The foreclosures are not given the collapse of the realestatre market.
The combination of fewer people buying homes, residential developersz stuck with large inventories and declines in commercial real estatwe values as retail sales plummet mean that fewer borrowerw can make their payments. In fiscal 2008, other real estatre owned jumped 50 perceng at the24 banks. And it’s important to note that the propertiezs have been marked down to prices that banks feel confidentr theycan recover. “But the trene is clearly a deteriorating qualityof assets,” said Jim chief executive of Trust. Parkside, which launched only last year. Parkside isn’f one of the banks in the surveh and has zerononperforming loans.
“Until the trend stopz getting worse, there is no reason to expect the industry at large to get any The communitybanks surveyed, chosen as a sample to gauged the state of St. Louis banking, vary widel in size, ranging from , with $6.5 billionb in assets, to Rockwood with $352 million. Among six much larger national and regionap banks tracked quarterly by theBusinesws Journal, only UMB had nonperforming loans of less than 1 percentr — 0.52 percent through the first quarter, up from 0.21 percent a year ago. Three had percentages higher than3 , 5.41 percent; , 4.34 percent; and U.S. Bank, 3.37 was the only one of the six with less foreclosede real estate than ayear ago, $8.
7 million comparee with $10.6 million. First Banks had the biggest from $13.2 million in otheer real estate owned a year agoto $145.7 million this year. First Banks, whicyh has locations in five states, was hit especially hard by the real estater collapse in California and Florida and has been workinfg through problem loansfor months. Terryt McCarthy, president and chief executive, has emphasized that the bank’w total risk-based and Tier 1 capital ratiod were better than the guidelinesregulators recommend.
Twenty of 24 banks chartered here and trackexd quarterly by the Business Journal own more real estatw as a result of foreclosures than they did ayear ago, the most recentg filings show. Collectively througy the first quarter, the 24 bank recorded $139.4 million in foreclosed real estate, classifiesd as “other real estate owned,” up from $94.2 milliobn a year earlier — an increasee of 48 percent. In seven banks reported that more than 3 percent of theird total loansare noncurrent, or which is considered poor. Once a loan is nonperformintg — 90 days or more past due — a bank can no longerf recognize itsinterest income.
Last year in the same ended March 31, only two of the 24 bankss reported more than 3 percent innonperforming loans. The seve n banks are , 3.08 , 3.17 percent; & Trust, 3.30 percent; , 3.37 , 3.41 percent; PrivateBank, 4.26 percent; and , with a whoppinb 10.42 percent. Truman’s percentage is unusually high becausd it had an unusually largw number of problem loans so large that the ordered it to revamp its managemenytand operations. “Until we can work the problemn loans throughthe pipeline, we’re going to have a swollenh number,” said Bill Kling, who was appointecd Truman’s president last month.
“The key is to make sure there are few or no bad loansz enteringthe pipeline.” At Pulaski, many residential real estatwe loans have been modified and restructured with lowe r rates or extensions of the amortization period, said Gary chief executive. “A significant portiob of theseloans — in excess of 80 percentr — are current and performing in accordancde with their modified terms, even thoug h for reporting purposes we are requirefd to continue to classify them as nonperforming for 12 monthsx after the modification.” Nonperforming loans of less than 1 percent are considered good.
Sevehn banks achieved that in the quarter, down from 12 a year The seven are: Trust Co., 0.42 percent; , 0.75 , 0.19 percent; , 0.83 percent; Midwest 0.30 percent; , 0.25 percent; and . 0.82 Vince Coleman, president and chief executivee atSouthern Commercial, said his customerss have had the money to pay their loans — so far. “Butr we also have more customersd running outof resources.” The remaining 10 banke reported nonperforming loans of more than 1 percent but less than 3 though more are closing in on 3 percent.
“In the early 1980s when savings and loana were droppinglike flies, 3 percentg of loans being past due would get you onto a problemk bank list with the examiners, if you were low on capitalk or weak on management,” said Dan Hogan, a St. Louis bankinhg consultant and formerbank examiner. The lists are not made Only four of the banks had less foreclosed real estater than ayear ago. They are Eagled Bank, Pulaski Bank, The Bank of Edwardsvilled and theBusiness Bank. The foreclosures are not given the collapse of the realestatre market.
The combination of fewer people buying homes, residential developersz stuck with large inventories and declines in commercial real estatwe values as retail sales plummet mean that fewer borrowerw can make their payments. In fiscal 2008, other real estatre owned jumped 50 perceng at the24 banks. And it’s important to note that the propertiezs have been marked down to prices that banks feel confidentr theycan recover. “But the trene is clearly a deteriorating qualityof assets,” said Jim chief executive of Trust. Parkside, which launched only last year. Parkside isn’f one of the banks in the surveh and has zerononperforming loans.
“Until the trend stopz getting worse, there is no reason to expect the industry at large to get any The communitybanks surveyed, chosen as a sample to gauged the state of St. Louis banking, vary widel in size, ranging from , with $6.5 billionb in assets, to Rockwood with $352 million. Among six much larger national and regionap banks tracked quarterly by theBusinesws Journal, only UMB had nonperforming loans of less than 1 percentr — 0.52 percent through the first quarter, up from 0.21 percent a year ago. Three had percentages higher than3 , 5.41 percent; , 4.34 percent; and U.S. Bank, 3.37 was the only one of the six with less foreclosede real estate than ayear ago, $8.
7 million comparee with $10.6 million. First Banks had the biggest from $13.2 million in otheer real estate owned a year agoto $145.7 million this year. First Banks, whicyh has locations in five states, was hit especially hard by the real estater collapse in California and Florida and has been workinfg through problem loansfor months. Terryt McCarthy, president and chief executive, has emphasized that the bank’w total risk-based and Tier 1 capital ratiod were better than the guidelinesregulators recommend.
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