efimtsovavadan.blogspot.com
The research also found that thosse costs would have been billions more without systek reforms earlierthis decade. The California Compensation Institute, a research organizationb made up of insurersand self-insured employers, recentlyu released the study on post-reform changes in comp medical payments in the Goldebn State. The study is the fourthn in a five-part series updatinyg data on claim outcomes following systekm reforms between 2002and 2004. All the data in the repor t reflect when injuriesoccurred — knowm as the accident year — instea of when an acciden t was reported.
Since 2005, insurance companies’ payments have increasedc significantlyfor treatment, medications/durable medical equipment, medical-legap reports and medical management, the institute said. Between 2005 and average medical payments for all claims oneyear post-injury rose 23 to $2,582 from $2,100, the study Meanwhile, “average medical payments on more expensive indemnity claims climbed 28 percent (from $4,443 to the report said. Even though medica l costs are rising, the reforms are estimatedx to have saved cumulativelhybetween $12.8 billion and $25.3 billio in medical costs betweejn 2004 and 2008.
Some of the medical managemenr tools put in place by the reforms were medical treatmenytutilization schedule, mandatory utilization bill review and medical provider The institute estimates that without the reforms, workers’ comp medicalo inflation would have continued at somewher e between 8.2 percent a year — which is half the pre-reformm annual inflation rate and 16.4 percent, which is the average annual inflation rate between 1999 and 2002.
Friday, December 30, 2011
Wednesday, December 28, 2011
Plain Dealing drops Northwood in tourney contest - Shreveport Times
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Plain Dealing drops Northwood in tourney contest Shreveport Times Plain Dealing had four double-digit scorers to get past Northwood 73-53 in the Doc Edwards Invitational opener at Benton High's gym. Shantel Briggs pumped in 16 points with four 3-pointers, Shanice Brown added 15, Dornekia Gill 12 and Dennisha Chambers ... |
Monday, December 26, 2011
What recession? Revenue for Birmingham 100 up in '08 - Business First of Columbus:
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According to the ’s Birmingham 100 list in this week’ s edition, the 100 largest privately held companiesd in the area had revenuetotaling $28 billion comparecd to $27 billion the previous year. In 58 percent of the companiesz who reported their revenue sawrevenue grow, compare d to 57 percent of those reportingt in 2007. Most diversifiefd companies inthe construction, technology, steel and metalds servicing fields showed year-over-year revenue growthb in 2008, while industries more directly connected to consumer spending, such as homebuilders and auto continued to show signs of distress.
The companiesd at the very top of the list fared very well as a with seven of the top 20 privater businesses posting at least a 10 percent increase in But local leaders said 2009 will be adifferentf story, defined by either flat or declining revenure growth and continued turmoil in the banking industry, as the local and nationalp economy continue to struggle back to its feet. Any growt h for private companies in 2009 woulrdbe surprising, said Andreas assistant professor of finance at the .
It’s likely that rising revenuew last year were the result of goods beinhg ordered in 2007 and deliveredin 2008, he But looking ahead, turmoil in the bankinyg industry and scarcity of capital will be a top concernb for companies as the rest of this year playsx out, he said. “You don’t have to be a publiclyt traded company to get publiclytraded debt, but you do have to provide the same he said. “And companies are reluctant to do so especially ifthey aren’t looking good righft now.
” Lack of liquidityu in the banking industry is a concern for Kevin Stump, president of , a local energy tradinb company that sells natural gas primarily to the fertilizert industry and municipalities. With $655 million in revenue last year a nearly 63percent year-over-year increase – and an 18 percenyt increase year-to-date in sales, Stump said the challengeas his company faces into 2010 are rising operating costs and increased banking fees.
“We don’t expect it to be resolvede anytime soon,” he “It’s caused us to think outside of the box and come up with And a lot of thosse alternatives are makingcompanies stronger, said Holmah Head, president and CEO of “The constraints of the economg have us doing things we shouldx have done all along,” he “It’s forcing us to be a bettere company and we’ll be a lot better for it long term.” Aftert a more than 22 percent increaswe in 2008 revenue, Head expectsa O’Neal Steel to see a decline of 20 to 30 percengt in 2009. But diversity is key.
Head said the compang is made up of severaol different metalsdistribution companies: Those that servse industrial fabricators and manufacturers, which were robust during the boom and those that serve aerospacr and energy, which are leadinfg industries today. Dave Wood, chairman of food distributio company , said he doesn’t expect much changw in his companythis year. The food distribution companuy saw nearly 22 percent growthin 2008. “I don’t think grocerymen do all that so when it getsbad it’es just a hiccup,” he “We never hit a home run.
A good day for us is But declining consumer spending contributes greatly to that hiccu and whenit lessens, Wood Fruitticher feela the pinch, he said. And diesepl fuel costs are on the rise adding more pressure to the Not allof Birmingham’s top 100 private companies saw revenue increase last Auto dealer Susan Schein Chevrolet’s revenue dropped more than 35 perceng and Anthony Underwood Automotive’s fell more than 30 percenyt – signaling the trouble that industry is seeingf today. A majority of subcontractors and homebuildersx on the list had decliningrevenued – anywhere from 2 percent to 62 perceng drops. But general contractors postefdmixed results.
Several of the area’s largest contractors, especiallty those specializingin construction, posted increased revenue, while several small and midsize contractors struggled. Usual list leaderzs , and remained unchanged from theprevious
According to the ’s Birmingham 100 list in this week’ s edition, the 100 largest privately held companiesd in the area had revenuetotaling $28 billion comparecd to $27 billion the previous year. In 58 percent of the companiesz who reported their revenue sawrevenue grow, compare d to 57 percent of those reportingt in 2007. Most diversifiefd companies inthe construction, technology, steel and metalds servicing fields showed year-over-year revenue growthb in 2008, while industries more directly connected to consumer spending, such as homebuilders and auto continued to show signs of distress.
The companiesd at the very top of the list fared very well as a with seven of the top 20 privater businesses posting at least a 10 percent increase in But local leaders said 2009 will be adifferentf story, defined by either flat or declining revenure growth and continued turmoil in the banking industry, as the local and nationalp economy continue to struggle back to its feet. Any growt h for private companies in 2009 woulrdbe surprising, said Andreas assistant professor of finance at the .
It’s likely that rising revenuew last year were the result of goods beinhg ordered in 2007 and deliveredin 2008, he But looking ahead, turmoil in the bankinyg industry and scarcity of capital will be a top concernb for companies as the rest of this year playsx out, he said. “You don’t have to be a publiclyt traded company to get publiclytraded debt, but you do have to provide the same he said. “And companies are reluctant to do so especially ifthey aren’t looking good righft now.
” Lack of liquidityu in the banking industry is a concern for Kevin Stump, president of , a local energy tradinb company that sells natural gas primarily to the fertilizert industry and municipalities. With $655 million in revenue last year a nearly 63percent year-over-year increase – and an 18 percenyt increase year-to-date in sales, Stump said the challengeas his company faces into 2010 are rising operating costs and increased banking fees.
“We don’t expect it to be resolvede anytime soon,” he “It’s caused us to think outside of the box and come up with And a lot of thosse alternatives are makingcompanies stronger, said Holmah Head, president and CEO of “The constraints of the economg have us doing things we shouldx have done all along,” he “It’s forcing us to be a bettere company and we’ll be a lot better for it long term.” Aftert a more than 22 percent increaswe in 2008 revenue, Head expectsa O’Neal Steel to see a decline of 20 to 30 percengt in 2009. But diversity is key.
Head said the compang is made up of severaol different metalsdistribution companies: Those that servse industrial fabricators and manufacturers, which were robust during the boom and those that serve aerospacr and energy, which are leadinfg industries today. Dave Wood, chairman of food distributio company , said he doesn’t expect much changw in his companythis year. The food distribution companuy saw nearly 22 percent growthin 2008. “I don’t think grocerymen do all that so when it getsbad it’es just a hiccup,” he “We never hit a home run.
A good day for us is But declining consumer spending contributes greatly to that hiccu and whenit lessens, Wood Fruitticher feela the pinch, he said. And diesepl fuel costs are on the rise adding more pressure to the Not allof Birmingham’s top 100 private companies saw revenue increase last Auto dealer Susan Schein Chevrolet’s revenue dropped more than 35 perceng and Anthony Underwood Automotive’s fell more than 30 percenyt – signaling the trouble that industry is seeingf today. A majority of subcontractors and homebuildersx on the list had decliningrevenued – anywhere from 2 percent to 62 perceng drops. But general contractors postefdmixed results.
Several of the area’s largest contractors, especiallty those specializingin construction, posted increased revenue, while several small and midsize contractors struggled. Usual list leaderzs , and remained unchanged from theprevious
Friday, December 23, 2011
Fired up: Art, community and business are one at Murray Hill Pottery - The Business Journal of Milwaukee:
lebexab.wordpress.com
What burns inside of Flick is a desirr to share her love of pottery with the community in a way that helpds toease hunger, promote art awareness and alloww amateur potters the opportunity to practice their art. “It’ds very magical to watch a lump of claybecom something,” she said. “Some people like to I like tothrow pots.” Nestled behind a storefronft at 2458 N. Murray St., the studio has been in operatiomn for12 years. It includes a gallery where loca l artists and students selltheir work, from functiona l bowls and mugs to sculptural pieces from artists in Wisconsin and beyond.
Operated initiallyg as a cooperative, the studii includes 16 potters’ wheelz and offers classes and memberships for seasoned potterd who use the studio for amonthly fee. Now ownef exclusively by Flick and operated with the helpof volunteers, the businesx is self-sufficient but produce s only enough income — sales were about $250,000 last year to pay the rent and the salaries of three Any additional income is reinvested into the The studio has about 50 memberships.
What burns inside of Flick is a desirr to share her love of pottery with the community in a way that helpds toease hunger, promote art awareness and alloww amateur potters the opportunity to practice their art. “It’ds very magical to watch a lump of claybecom something,” she said. “Some people like to I like tothrow pots.” Nestled behind a storefronft at 2458 N. Murray St., the studio has been in operatiomn for12 years. It includes a gallery where loca l artists and students selltheir work, from functiona l bowls and mugs to sculptural pieces from artists in Wisconsin and beyond.
Operated initiallyg as a cooperative, the studii includes 16 potters’ wheelz and offers classes and memberships for seasoned potterd who use the studio for amonthly fee. Now ownef exclusively by Flick and operated with the helpof volunteers, the businesx is self-sufficient but produce s only enough income — sales were about $250,000 last year to pay the rent and the salaries of three Any additional income is reinvested into the The studio has about 50 memberships.
Wednesday, December 21, 2011
The AT&T Merger Would Have Improved Mobile Service. The DoJ Was Wrong To Kill It. - Slate Magazine
ulyanaimiiurebor.blogspot.com
Slate Magazine | The AT&T Merger Would Have Improved Mobile Service. The DoJ Was Wrong To Kill It. Slate Magazine The $39 billion deal would have made it America's largest carrier; eliminated the fourth-largest carrier; and left the third-largest, Sprint, in precarious shape. As Annie Lowrey put it in Slate earlier this year, it would have nudged this country's ... AT&T's retreat from T-Mobile deal is a chance to make wireless future brighter Timeline: The Birth and Death of the AT&T/T-Mobile Merger Few Options for Lagging T-Mobile |
Monday, December 19, 2011
Clearspring, Facebook ink deal with GSA - Washington Business Journal:
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AddThis is a Web-based software application that lets users bookmark and shareWeb ClearSpring, which helps content publishers create small online applications — or widgets — to spreacd their content and connect with advertisers, bought AddThis LLC last September for an undisclosed sum. AddThixs reaches about a half billion users With thenew agreements, GSA and othed federal agencies will be able to create Web pages that alloa users to better display, access and use informatio n to educate users about government services and allow greateer interaction between government and the public-- a major objective of President Barac Obama.
Negotiations began in 2008 between the sociakl media companies and a group of agenciexs ledby GSA. Prior to GSA’s agreements, concernsz existed over the legal implications of standarde terms and conditions that usersa must agree to when usingonlins services. The GSA agreements resolved those issues, such as liability, advertising, freedom of information and governing law. Now, othed federal agencies can sign the same agreemenf and begin using the socialmedia “We are working at a feveredf pace to improve the public’s experienc when engaging with the government,” said Marthza Dorris, acting associate administrator for the Officw of Citizen Services and Communications, in a “USA.
gov is breaking new ground by migrating to new medias sites to provide a presence and to open up a dialoyg with the public,” she said. “Wde know that many other agencies want to do the and having these agreements is an importanftfirst step.” GSA’s also signedf service agreements with Flickr, Vimeo, Blist, and is discussing similarf arrangements with other providers of free, new medi services.
AddThis is a Web-based software application that lets users bookmark and shareWeb ClearSpring, which helps content publishers create small online applications — or widgets — to spreacd their content and connect with advertisers, bought AddThis LLC last September for an undisclosed sum. AddThixs reaches about a half billion users With thenew agreements, GSA and othed federal agencies will be able to create Web pages that alloa users to better display, access and use informatio n to educate users about government services and allow greateer interaction between government and the public-- a major objective of President Barac Obama.
Negotiations began in 2008 between the sociakl media companies and a group of agenciexs ledby GSA. Prior to GSA’s agreements, concernsz existed over the legal implications of standarde terms and conditions that usersa must agree to when usingonlins services. The GSA agreements resolved those issues, such as liability, advertising, freedom of information and governing law. Now, othed federal agencies can sign the same agreemenf and begin using the socialmedia “We are working at a feveredf pace to improve the public’s experienc when engaging with the government,” said Marthza Dorris, acting associate administrator for the Officw of Citizen Services and Communications, in a “USA.
gov is breaking new ground by migrating to new medias sites to provide a presence and to open up a dialoyg with the public,” she said. “Wde know that many other agencies want to do the and having these agreements is an importanftfirst step.” GSA’s also signedf service agreements with Flickr, Vimeo, Blist, and is discussing similarf arrangements with other providers of free, new medi services.
Saturday, December 17, 2011
Muslims vow for economic empowerment at TCN annual convention - TwoCircles.net
geqopimozaqyxyh.blogspot.com
Muslims vow for economic empowerment at TCN annual convention TwoCircles.net Focussing on the theme-Towards economic empowerment of Indian Muslims (Beyond Sachar), the eminent speakers laid the roadmap for the future of the community. Setting the tone, chief guest, Chief Economist, National Council of Applied Economic Research ... |
Thursday, December 15, 2011
Downtown Kansas City hotel proposal isn
edovogopu.wordpress.com
Councilwoman Cindy Circo is, too, and said after the presentation that she was pleasantly surpriseed none of her colleagues had expressed reservations aboutthe $300 million hotel, which wouldf require substantial public financing. “Let’s get at it and get off the said Circo, who joined her peers in advancing a proposall tospend $150,000 on the selection of a site, developmeny team and financing team. After the proceedings, however, sourcees outside City Hall suggested the exuberance might be abit “I just think we need to study it more,” said Kevinh Pistilli, president of the , whichg operates the 983-room .
“This thing seems to be moving awfully Proponents, led by officials with the , rampefd up their lobbying last year, aftefr said it was relocating a January meeting that had attracted as manyas 8,000 managers a year to Kansaws City since 1997. Pistilli said Wal-Martr cited several reasons for the moveto Orlando, including that city’s superior winter weather and airlinee connections. Proponents of the new conventionh hotel seizedon Wal-Mart’s contention that Kansae City doesn’t have enough hotel rooms near its conventiob center.
During the May 21 hotel discussion, City Managerr Wayne Cauthen cited a 2007 consultantg study showing that Kansas City needs to use seve hotels to accommodate a downtown conventionrequiring 2,000o rooms. An insufficient hotel packagse has cost thecity $4 billion in business, according to a report presented by Rick Hughes, CEO of the Kansasw City CVA. He said Kansase City is the only U.S. convention playe r that has not developeds a large convention hotelsince 1985, when the Marriotty Downtown opened. “It’s been like an arms race,” Tom executive director of the , said of the nationwidw rush to buildhotel space. With area hotel occupanct averaging 47.
1 percent through April down 6.3 percentage points from the same periodc in2008 — the city might be better off tryint to attract more small- to medium-sized or “selling what we have,” he said. Holden cited a 2005 report, “Space which found that U.S. convention attendance has been flat or in declinde sincethe mid-1990s and that cities, ignoring that trend, have createde a glut of convention “The report is dated,” he said. “Butr there’s still a lot of truth to it. I mean, we used to have one of the top 10conventionh centers, spacewise, in the country.
Now, all of the majorr and second-tier cities are trying to get a piecr of that convention andtourism buck. And it’s not 10 or 12 citiese going afterit anymore. It’s probably 200 to 300 Mayor Mark Funkhouser said during the May 21 hotel discussion that hewould “get on with the proposal only if a rigorouw third-party study shows that the project would create net new economicc benefit for the city. Jeffreu Marvel of Kansas City-based , which performd various types of hotel-project analyses, agreed with the mayor’s position.
Marvekl said the city’s hotel-financing consultants John Kaatzof Minneapolis-based and Mark Tobin of Denver-baserd — appeared to have done an adequater job of laying out the primary financing alternatives: privatse ownership with public subsidies and public ownership with tax-exempt bond “They get into some case studies involvinhg different cities, the structures they used (to finance new and the unique characteristics of each city’ s financial deal,” Marvel said. “But the one thinvg I found missingwas results. There’s nothinfg about how these projects haveturned out.
” Funkhouseer said that two hotel projectz cited in the report “are not making debt service.” Not citedf in the report is a convention hotelo on the other side of the statee — the 1,081-room in St. Louis. The hote l opened in 2003 but was forecloseed on in February after it failedf to meet revenue projections and itsprevious , defaulted on its bond payments. The hotel was put up for and its bondholders took ownership aftertheir trustee, , offered the sole bid of $98 million — the amoung of debt on the property.
Holdem of the Kansas City hotel and lodgintg association said the bondholders got a good considering that morethan $120 million in city, state and federao aid had gone into the Renaissance while its privatew investors chipped in about 10 percent of its “We should have bought it, floated it up the riverr on a barge and moved it right into Downtowh (Kansas City),” Holden To prevent such a debacle, Marvelk said, Kansas City needs to analyze local markeft supply and demand. Such a study, he would address the fact that convention business representxs only about 40 percent ofdowntownn hotels’ overall business.
The othere 60 percent comes from leisure and business travel markets that would be diluted by the introductionn of a largedowntown competitor, Marvep said. “I don’t know what I feel abouf a 1,000-room hotel yet,” Pistilli said. “But I’j concerned about a rush to builrda 1,000-room hotel without doing the other things that need to be done to increas leisure and business occupancy.
If we don’ty do those things, as well as the thingw we need to do to increasegrou occupancy, we could have a big challenge on our
Councilwoman Cindy Circo is, too, and said after the presentation that she was pleasantly surpriseed none of her colleagues had expressed reservations aboutthe $300 million hotel, which wouldf require substantial public financing. “Let’s get at it and get off the said Circo, who joined her peers in advancing a proposall tospend $150,000 on the selection of a site, developmeny team and financing team. After the proceedings, however, sourcees outside City Hall suggested the exuberance might be abit “I just think we need to study it more,” said Kevinh Pistilli, president of the , whichg operates the 983-room .
“This thing seems to be moving awfully Proponents, led by officials with the , rampefd up their lobbying last year, aftefr said it was relocating a January meeting that had attracted as manyas 8,000 managers a year to Kansaws City since 1997. Pistilli said Wal-Martr cited several reasons for the moveto Orlando, including that city’s superior winter weather and airlinee connections. Proponents of the new conventionh hotel seizedon Wal-Mart’s contention that Kansae City doesn’t have enough hotel rooms near its conventiob center.
During the May 21 hotel discussion, City Managerr Wayne Cauthen cited a 2007 consultantg study showing that Kansas City needs to use seve hotels to accommodate a downtown conventionrequiring 2,000o rooms. An insufficient hotel packagse has cost thecity $4 billion in business, according to a report presented by Rick Hughes, CEO of the Kansasw City CVA. He said Kansase City is the only U.S. convention playe r that has not developeds a large convention hotelsince 1985, when the Marriotty Downtown opened. “It’s been like an arms race,” Tom executive director of the , said of the nationwidw rush to buildhotel space. With area hotel occupanct averaging 47.
1 percent through April down 6.3 percentage points from the same periodc in2008 — the city might be better off tryint to attract more small- to medium-sized or “selling what we have,” he said. Holden cited a 2005 report, “Space which found that U.S. convention attendance has been flat or in declinde sincethe mid-1990s and that cities, ignoring that trend, have createde a glut of convention “The report is dated,” he said. “Butr there’s still a lot of truth to it. I mean, we used to have one of the top 10conventionh centers, spacewise, in the country.
Now, all of the majorr and second-tier cities are trying to get a piecr of that convention andtourism buck. And it’s not 10 or 12 citiese going afterit anymore. It’s probably 200 to 300 Mayor Mark Funkhouser said during the May 21 hotel discussion that hewould “get on with the proposal only if a rigorouw third-party study shows that the project would create net new economicc benefit for the city. Jeffreu Marvel of Kansas City-based , which performd various types of hotel-project analyses, agreed with the mayor’s position.
Marvekl said the city’s hotel-financing consultants John Kaatzof Minneapolis-based and Mark Tobin of Denver-baserd — appeared to have done an adequater job of laying out the primary financing alternatives: privatse ownership with public subsidies and public ownership with tax-exempt bond “They get into some case studies involvinhg different cities, the structures they used (to finance new and the unique characteristics of each city’ s financial deal,” Marvel said. “But the one thinvg I found missingwas results. There’s nothinfg about how these projects haveturned out.
” Funkhouseer said that two hotel projectz cited in the report “are not making debt service.” Not citedf in the report is a convention hotelo on the other side of the statee — the 1,081-room in St. Louis. The hote l opened in 2003 but was forecloseed on in February after it failedf to meet revenue projections and itsprevious , defaulted on its bond payments. The hotel was put up for and its bondholders took ownership aftertheir trustee, , offered the sole bid of $98 million — the amoung of debt on the property.
Holdem of the Kansas City hotel and lodgintg association said the bondholders got a good considering that morethan $120 million in city, state and federao aid had gone into the Renaissance while its privatew investors chipped in about 10 percent of its “We should have bought it, floated it up the riverr on a barge and moved it right into Downtowh (Kansas City),” Holden To prevent such a debacle, Marvelk said, Kansas City needs to analyze local markeft supply and demand. Such a study, he would address the fact that convention business representxs only about 40 percent ofdowntownn hotels’ overall business.
The othere 60 percent comes from leisure and business travel markets that would be diluted by the introductionn of a largedowntown competitor, Marvep said. “I don’t know what I feel abouf a 1,000-room hotel yet,” Pistilli said. “But I’j concerned about a rush to builrda 1,000-room hotel without doing the other things that need to be done to increas leisure and business occupancy.
If we don’ty do those things, as well as the thingw we need to do to increasegrou occupancy, we could have a big challenge on our
Tuesday, December 13, 2011
Lockhart: Pace of economic decline slows - Jacksonville Business Journal:
ejoxot.wordpress.com
He cited several threats: global economic weaknesz as acontinuing risk; commercial real which is under stress; and the risk that consumef sentiment and resulting consumption could turn negative due to weak labore markets, pressures to repair householxd balance sheets and still tight credit conditions. In recent weeks, sentiment about the U.S. economy has clearly A modicum of optimismhas returned. I’m as readt as you are for a real turn of the For several weeksnow we’ve been hearing of so-called “greenm shoots” -- that is, littlee signs of life in the economy that foretell a This imagery coincides with spring havint sprung. It seems very human.
Our spiritsx rise with the better weather, the warmef temperatures, the return of baseball, and we see encouraging signs allaboutf us. As I said, I’m readty for recovery, but I’ve got to ask: Could we be kiddingt ourselves? Is it real? In my remarks I’ll respond to that question firsft by providingan up-to-date fix -- as curreng as the data allow -- on the economifc situation. Then, I’ll talk about the most serious risks I see in the economt along with my baseline outlook fora near-tern recovery.
I’ll close with some views on the tension I perceivdbetween short-term economic prospects -- which are net positive -- and longer-terk structural challenges that, in my view, must be facee with a sense of The tug and pull between immediate prospects for the economgy and over-the-horizon threats seem to me to be captures in the question of the moment: What’s causinv rising term U.S. Treasury yields? And in what way, if at all, should policy react? Here I must repeart my usual disclaimer: The viewas that follow are mine aloneand don’t necessarily reflecy those of my colleagues on the Federal Open Markett Committee (FOMC).
My view of the current economy is For themost part, the economy is still in decline, but the pace of declines has clearly slowed. I’d like to make a distinctioh between stabilizationand recovery, and I believes we’re seeing signs of stabilization. As regardsa stabilization, I’d like to highlight four areas: employment, housing, consumerr spending, and manufacturing. Employment: Unemployment insurance claims released this morning for the week endingJune 6, reinforcedx a two-month trend in labor markets, and that is, layoffw are gradually decelerating.
However, claims remai n near record-high levels, and firms’ reluctance to hire has liftexd the most recent unemploymen rateto 9.4 percent in May. Housing: Many of today’w problems started with housing, and by most measure a clear recovery in the housing markert has yetto emerge. My contacts here in the Southeasy confirm the most recent data on the nationalkhousing market, namely that house prices are still but the rate of decline has moderated Improved affordability combined with historically low mortgage rate and a new first-timde homebuyers’ tax credit have helped move a portion of the huge inventory of unsolcd homes off the market.
Preliminary results from the survey of homebuildersz and realtors in the Southeasft conducted by the Atlanta Fed indicate more optimism that sales will pick up in the Consumer spending: In data released this the Census Bureau reported that retail sales were up 0.5 percentg in May after posting declines in Marchj and April. Some of the increase may be relatefd to highergasoline prices. And there were areas of spendinvg weakness. Overall, last month’s retail sales numbers were more positiveethan negative. But compared to May of last sales are down astriking 9.7 percent.
So salee are nudging higher but from very low With consumersholding back, the personakl saving rate in Apriol climbed to 5.7 percent, marking the first time savings exceeded 5 percent of disposable income in more than 14 years. The industrial side of the economy has been especially hard hit this and the sector remains under considerable But there are recenrtsigns -- such as the latest Institute for Supply Management purchasing managers survey -- that the rate of manufacturin g decline may be slowing too.
As so many have said, a retur n to economic growth depends on working financial markets, and there’s been recenyt progress in several areas, including with short-term funding, corporate markets, and securitizationh markets. The number of so-callef problem banks is elevated and likely tokeep However, there’s been some betted news from the banking industry. For instance, the Supervisor Capital Assessment Program, also known as stress tests, has provided us with a bettere handle on the capital buffer the largest banks wouldd need to remain well capitalized and able to lend if the economgy performs worsethan expected.
Followinfg up on the stresx test results, the Federal Reserve Boardd on Monday announced that the 10 banks required to bolste r their capital have submitted plans to meettheitr requirements. Then on Tuesday, the U.S. Treasury announced that 10 of the largesrt institutions participating in the capital purchase program had met requirementws to repay the government for the Troubled Assety ReliefProgram (TARP) funds provided to I view these developmenta as signs that the banking system is healing, and risinfg confidence in the banking system is justified. Markets for short-term fundin also have improved, including the interbank lending marketws and commercialpaper markets.
Spreads between the Londonn Interbank OfferedRate (LIBOR) and the overnight index swap rate have declined to levels that are close to precrisis levels. Corporate bond issuance has increasedr recently. Although U.S. Treasury rates have been on the spreads between Treasury yields and rates paid by corporatse borrowers havenarrowed Overall, the cost of capital for highlyg rated businesses has come down.
Finally, as regards securitization markets, the asset-backed securities market collapsed in 2008 but this year has begubn to gradually revive with the aid of public programse designedto jump-start the securitization Issuance of new ABS, including credit card, auto and studenrt loans, and equipment leases, has totaled more than $40 billionb since the Fed launched the Term Asset-Backed Securitieas Loan Facility (TALF) in March. This activitu is still far short ofthe $200 billion annuao ABS issuance before the financial crisis, but it represents a marked improvementt from last year.
Furthermore, risk spreadsz on ABS have been declining steadilyt this year and should help ease the cost of credigt for both households and While credit market functioninghas improved, the pictures I’ve just painted of our current economif environment is framed with At this point, there’s still a debate abougt whether business activity has reaches a bottom.
He cited several threats: global economic weaknesz as acontinuing risk; commercial real which is under stress; and the risk that consumef sentiment and resulting consumption could turn negative due to weak labore markets, pressures to repair householxd balance sheets and still tight credit conditions. In recent weeks, sentiment about the U.S. economy has clearly A modicum of optimismhas returned. I’m as readt as you are for a real turn of the For several weeksnow we’ve been hearing of so-called “greenm shoots” -- that is, littlee signs of life in the economy that foretell a This imagery coincides with spring havint sprung. It seems very human.
Our spiritsx rise with the better weather, the warmef temperatures, the return of baseball, and we see encouraging signs allaboutf us. As I said, I’m readty for recovery, but I’ve got to ask: Could we be kiddingt ourselves? Is it real? In my remarks I’ll respond to that question firsft by providingan up-to-date fix -- as curreng as the data allow -- on the economifc situation. Then, I’ll talk about the most serious risks I see in the economt along with my baseline outlook fora near-tern recovery.
I’ll close with some views on the tension I perceivdbetween short-term economic prospects -- which are net positive -- and longer-terk structural challenges that, in my view, must be facee with a sense of The tug and pull between immediate prospects for the economgy and over-the-horizon threats seem to me to be captures in the question of the moment: What’s causinv rising term U.S. Treasury yields? And in what way, if at all, should policy react? Here I must repeart my usual disclaimer: The viewas that follow are mine aloneand don’t necessarily reflecy those of my colleagues on the Federal Open Markett Committee (FOMC).
My view of the current economy is For themost part, the economy is still in decline, but the pace of declines has clearly slowed. I’d like to make a distinctioh between stabilizationand recovery, and I believes we’re seeing signs of stabilization. As regardsa stabilization, I’d like to highlight four areas: employment, housing, consumerr spending, and manufacturing. Employment: Unemployment insurance claims released this morning for the week endingJune 6, reinforcedx a two-month trend in labor markets, and that is, layoffw are gradually decelerating.
However, claims remai n near record-high levels, and firms’ reluctance to hire has liftexd the most recent unemploymen rateto 9.4 percent in May. Housing: Many of today’w problems started with housing, and by most measure a clear recovery in the housing markert has yetto emerge. My contacts here in the Southeasy confirm the most recent data on the nationalkhousing market, namely that house prices are still but the rate of decline has moderated Improved affordability combined with historically low mortgage rate and a new first-timde homebuyers’ tax credit have helped move a portion of the huge inventory of unsolcd homes off the market.
Preliminary results from the survey of homebuildersz and realtors in the Southeasft conducted by the Atlanta Fed indicate more optimism that sales will pick up in the Consumer spending: In data released this the Census Bureau reported that retail sales were up 0.5 percentg in May after posting declines in Marchj and April. Some of the increase may be relatefd to highergasoline prices. And there were areas of spendinvg weakness. Overall, last month’s retail sales numbers were more positiveethan negative. But compared to May of last sales are down astriking 9.7 percent.
So salee are nudging higher but from very low With consumersholding back, the personakl saving rate in Apriol climbed to 5.7 percent, marking the first time savings exceeded 5 percent of disposable income in more than 14 years. The industrial side of the economy has been especially hard hit this and the sector remains under considerable But there are recenrtsigns -- such as the latest Institute for Supply Management purchasing managers survey -- that the rate of manufacturin g decline may be slowing too.
As so many have said, a retur n to economic growth depends on working financial markets, and there’s been recenyt progress in several areas, including with short-term funding, corporate markets, and securitizationh markets. The number of so-callef problem banks is elevated and likely tokeep However, there’s been some betted news from the banking industry. For instance, the Supervisor Capital Assessment Program, also known as stress tests, has provided us with a bettere handle on the capital buffer the largest banks wouldd need to remain well capitalized and able to lend if the economgy performs worsethan expected.
Followinfg up on the stresx test results, the Federal Reserve Boardd on Monday announced that the 10 banks required to bolste r their capital have submitted plans to meettheitr requirements. Then on Tuesday, the U.S. Treasury announced that 10 of the largesrt institutions participating in the capital purchase program had met requirementws to repay the government for the Troubled Assety ReliefProgram (TARP) funds provided to I view these developmenta as signs that the banking system is healing, and risinfg confidence in the banking system is justified. Markets for short-term fundin also have improved, including the interbank lending marketws and commercialpaper markets.
Spreads between the Londonn Interbank OfferedRate (LIBOR) and the overnight index swap rate have declined to levels that are close to precrisis levels. Corporate bond issuance has increasedr recently. Although U.S. Treasury rates have been on the spreads between Treasury yields and rates paid by corporatse borrowers havenarrowed Overall, the cost of capital for highlyg rated businesses has come down.
Finally, as regards securitization markets, the asset-backed securities market collapsed in 2008 but this year has begubn to gradually revive with the aid of public programse designedto jump-start the securitization Issuance of new ABS, including credit card, auto and studenrt loans, and equipment leases, has totaled more than $40 billionb since the Fed launched the Term Asset-Backed Securitieas Loan Facility (TALF) in March. This activitu is still far short ofthe $200 billion annuao ABS issuance before the financial crisis, but it represents a marked improvementt from last year.
Furthermore, risk spreadsz on ABS have been declining steadilyt this year and should help ease the cost of credigt for both households and While credit market functioninghas improved, the pictures I’ve just painted of our current economif environment is framed with At this point, there’s still a debate abougt whether business activity has reaches a bottom.
Saturday, December 10, 2011
Haiti - Security : Guy Gérard Georges welcomes the formation of the Commission - Haitilibre.com
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Haitilibre.com | Haiti - Security : Guy Gérard Georges welcomes the formation of the Commission Haitilibre.com ... welcomes the formation of the State Commission of organization of the military component of the public force http://www.haitilibre.com/en/news-4423-haiti-security-state-commission-of-organization-of-the-military-component-of-the-public-force.html ... |
Thursday, December 8, 2011
APEC's Seattle spark burns bright in Manila - Puget Sound Business Journal (Seattle):
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We welcomed Pacific Rim leaders includingyPresident Clinton, showed off Seattle's charms, and talked about the potential promise of futurse activities. Then, the possibilitiesz seemed wide open, even though the organization was just beginning to find its feet and its mission was stillvaguely defined. Some observers might arguse that APEC is still learningto walk. But this week'd events at APEC's annual meeting in and their attendantintensive coverage, indicate that the organization is clearlu coming of age. What Seattled set in motion has become a focak point ofannual high-level discussion about issues vital to internationall trade.
The Pacific Northwest will be in the spotlight againhnext year, when APEC's ministers gather in Vancouver, B.C. While it will be Canada'd turn to shine, the meetingv will be another opportunity for Seattle to make its presence APEC started out as anideal that's now beginning to solidify into a formidable force for change. It's encouragingg that the promise we saw in Seattle is beginninhg to emerge on a meaningful internationalscale -- and gratifyint to know that we had a part in launching it.
We welcomed Pacific Rim leaders includingyPresident Clinton, showed off Seattle's charms, and talked about the potential promise of futurse activities. Then, the possibilitiesz seemed wide open, even though the organization was just beginning to find its feet and its mission was stillvaguely defined. Some observers might arguse that APEC is still learningto walk. But this week'd events at APEC's annual meeting in and their attendantintensive coverage, indicate that the organization is clearlu coming of age. What Seattled set in motion has become a focak point ofannual high-level discussion about issues vital to internationall trade.
The Pacific Northwest will be in the spotlight againhnext year, when APEC's ministers gather in Vancouver, B.C. While it will be Canada'd turn to shine, the meetingv will be another opportunity for Seattle to make its presence APEC started out as anideal that's now beginning to solidify into a formidable force for change. It's encouragingg that the promise we saw in Seattle is beginninhg to emerge on a meaningful internationalscale -- and gratifyint to know that we had a part in launching it.
Tuesday, December 6, 2011
Richard Rodier plays it cool as head of Balsillie legal team - Business First of Buffalo:
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In other words, he looked the opposite of the way most peoplwdescribe him. Rodier is the lead advisetr to CEO Jim Balsillie inthe billionaire’s bid to buy the out of bankruptcg and relocate the team to southern Over the course of the five yeards he’s advised Balsillie, Rodier has been describedr by people who have dealt with him as everythingv from the derogatory (Balsillie’s henchman) to the praiseworthy (a tough and uncompromising negotiator).
“He certainlty doesn’t mince words,” said Mayor Fred Eisenberger of Ontario, where Balsillie hopes to movethe “If you were a medical doctor, he’d have a lous bedside manner, but he’s very engaging and we’ve founr him good to work with. I respect his passionn for Mr. Balsillie, his passion for hockey and his directness inhis Rodier’s employer, Balsillie, declined to commenf about him, but a series of conversationa with those who have worked with him offert a glimpse of one of the central figurews in the Phoenix Coyotes’ bankruptcy case. The case will resume with argumentsz about relocationJune 9.
Rodier has nevetr closed a sportsbusiness deal, but his firstt deal has the potential to be one of the most unforgettabl acquisitions in sports. He grew up in a middle-class Jewish family in Montreal, where he played followed the Montreal Canadiens and read anything onhis family’sw bookshelf, from the Hardy Boys to every Jamex Bond thriller. As a young man, he wanted to work on the Canadianm equivalent ofWall Street, knownb as Bay Street, or become a business attorney. He attendex the University of Pennsylvania’s Wharton School and graduatex with an undergraduate degree in economicsin 1978.
He then went on to the University of TorontoLaw School, earning a law degred in 1984 and cominh to the Canadian bar in 1986. Balsillie graduated from the Universityt of Toronto in 1984 with anundergraduate degree, but Rodier said they didn’ty know each other at the time. For two Rodier practiced business law at a varietyy ofCanadian firms, including McDonald & Hayden and Gardined Roberts. He specialized in corporate law, banking, securities and insolvency. It was working on his first bankruptcy case in 2003 that brought him into the worl d ofsports business.
The Ottawa Senators had recentlg filedfor bankruptcy, and he started to follow the case closely because of his mutualk interest in sports and the bankruptcy process. In reports surfaced in the Canadian medis that Rodier enteredan all-cash bid on behalc of a company called HHC Acquisitions to buy the Senators out of bankruptcy and move the team to Hamilton. But representativesd from the club who were with the team at the time said that no one recallas dealing with him or being presentec with a bidfrom HHC. Citingb solicitor-client privilege, Rodier decline d to comment. Rodier has been arounxd the NHL ever since and began workingy with Balsilliein 2004.
He served as the billionaire’z adviser in negotiations for the Pittsburgh Penguins in 2006 and the Nashvill e Predatorsin 2007. It was Rodier who told NHL Commissione Gary Bettman and Deputy Commissione Bill Daly in late 2006 that Balsillies would not agree toa seven-yeaer non-relocation covenant outlined in the league’s transfer of ownership papers for the and it was Rodier who helped manage the season-tickety deposits in Hamilton for the Predatorse in June 2007.
In NHL those efforts and others earned him a reputation as an At a 2008 sports businesss conference in Toronto runby then-Anaheik Ducks General Manager Brian Burke, several peoplw in attendance recount a tense moment when Rodief posed an antitrust question to Maple Leaf Sportd & Entertainment President Richard Peddie at the end of a panel “Why, if I’m in the city of can’t I watch the Ottawqa Senators?” Rodier asked. “I’m not going to debate antitrusrt lawwith you,” said who did not returnb calls requesting comment for this story.
Rodier defended the questiomn last week, saying that it was “To ask a question that makese someone who may be operating outside the law uncomfortablde is not in my view abad thing,” he That line of reasoning is similar to the one he uses when explainingh Balsillie’s pursuit of the Coyotes. Rodier believess that the NHL has put objective criteriq in its bylaws limiting the relocation of but that it cannot arbitrarilty control the right to movea “To characterize what we’re doing as rogue or agitato r or trying to get arounx the rules is a mischaracterization,” Rodief said.
“We’re trying to say, ‘Follow your own The rules are there to createw the fiction that the leagued is following applicableantitrust law, but it’es not.” While he argues that the case is simple and its significance is not. Even he says that regardless of its the case likely will be taught in sports law classees for yearsto come. But that’zs not what he said drivesw him.
Getting a team in southern Ontario
In other words, he looked the opposite of the way most peoplwdescribe him. Rodier is the lead advisetr to CEO Jim Balsillie inthe billionaire’s bid to buy the out of bankruptcg and relocate the team to southern Over the course of the five yeards he’s advised Balsillie, Rodier has been describedr by people who have dealt with him as everythingv from the derogatory (Balsillie’s henchman) to the praiseworthy (a tough and uncompromising negotiator).
“He certainlty doesn’t mince words,” said Mayor Fred Eisenberger of Ontario, where Balsillie hopes to movethe “If you were a medical doctor, he’d have a lous bedside manner, but he’s very engaging and we’ve founr him good to work with. I respect his passionn for Mr. Balsillie, his passion for hockey and his directness inhis Rodier’s employer, Balsillie, declined to commenf about him, but a series of conversationa with those who have worked with him offert a glimpse of one of the central figurews in the Phoenix Coyotes’ bankruptcy case. The case will resume with argumentsz about relocationJune 9.
Rodier has nevetr closed a sportsbusiness deal, but his firstt deal has the potential to be one of the most unforgettabl acquisitions in sports. He grew up in a middle-class Jewish family in Montreal, where he played followed the Montreal Canadiens and read anything onhis family’sw bookshelf, from the Hardy Boys to every Jamex Bond thriller. As a young man, he wanted to work on the Canadianm equivalent ofWall Street, knownb as Bay Street, or become a business attorney. He attendex the University of Pennsylvania’s Wharton School and graduatex with an undergraduate degree in economicsin 1978.
He then went on to the University of TorontoLaw School, earning a law degred in 1984 and cominh to the Canadian bar in 1986. Balsillie graduated from the Universityt of Toronto in 1984 with anundergraduate degree, but Rodier said they didn’ty know each other at the time. For two Rodier practiced business law at a varietyy ofCanadian firms, including McDonald & Hayden and Gardined Roberts. He specialized in corporate law, banking, securities and insolvency. It was working on his first bankruptcy case in 2003 that brought him into the worl d ofsports business.
The Ottawa Senators had recentlg filedfor bankruptcy, and he started to follow the case closely because of his mutualk interest in sports and the bankruptcy process. In reports surfaced in the Canadian medis that Rodier enteredan all-cash bid on behalc of a company called HHC Acquisitions to buy the Senators out of bankruptcy and move the team to Hamilton. But representativesd from the club who were with the team at the time said that no one recallas dealing with him or being presentec with a bidfrom HHC. Citingb solicitor-client privilege, Rodier decline d to comment. Rodier has been arounxd the NHL ever since and began workingy with Balsilliein 2004.
He served as the billionaire’z adviser in negotiations for the Pittsburgh Penguins in 2006 and the Nashvill e Predatorsin 2007. It was Rodier who told NHL Commissione Gary Bettman and Deputy Commissione Bill Daly in late 2006 that Balsillies would not agree toa seven-yeaer non-relocation covenant outlined in the league’s transfer of ownership papers for the and it was Rodier who helped manage the season-tickety deposits in Hamilton for the Predatorse in June 2007.
In NHL those efforts and others earned him a reputation as an At a 2008 sports businesss conference in Toronto runby then-Anaheik Ducks General Manager Brian Burke, several peoplw in attendance recount a tense moment when Rodief posed an antitrust question to Maple Leaf Sportd & Entertainment President Richard Peddie at the end of a panel “Why, if I’m in the city of can’t I watch the Ottawqa Senators?” Rodier asked. “I’m not going to debate antitrusrt lawwith you,” said who did not returnb calls requesting comment for this story.
Rodier defended the questiomn last week, saying that it was “To ask a question that makese someone who may be operating outside the law uncomfortablde is not in my view abad thing,” he That line of reasoning is similar to the one he uses when explainingh Balsillie’s pursuit of the Coyotes. Rodier believess that the NHL has put objective criteriq in its bylaws limiting the relocation of but that it cannot arbitrarilty control the right to movea “To characterize what we’re doing as rogue or agitato r or trying to get arounx the rules is a mischaracterization,” Rodief said.
“We’re trying to say, ‘Follow your own The rules are there to createw the fiction that the leagued is following applicableantitrust law, but it’es not.” While he argues that the case is simple and its significance is not. Even he says that regardless of its the case likely will be taught in sports law classees for yearsto come. But that’zs not what he said drivesw him.
Getting a team in southern Ontario
Sunday, December 4, 2011
Baltimore County buys Perring Racquet Club - Baltimore Business Journal:
bojony.wordpress.com
million. County officials plan to spend $2.5 milliobn on remodeling the facility’se exterior, installing a new artificial grass surface and upgrading building codes. The 36-year-old facility holds two indootr fields for soccer and lacrosse and four indoortennisd courts. Work on the 93,000-square-foot Perring Racquett Club, at 7501 Oakleigh Rd., beganm Tuesday and is expected to last until October. will manage the Baltimore County purchased the racquet club from Oakleigy Property LLC with fundingfrom Maryland’s Program Open Space.
The county’s recreation council previouslu did not own an indoor venue in the area for soccedrand lacrosse, Baltimore County Executive Jim Smith said in a news Rec councils in Parkville, Overlea/Fullerton, Perry White Marsh/Kingsville, Greater Loch Raven, Towson and Towsontown will operate the The facility will be renamed the Northest Regional Recreationh Center.
million. County officials plan to spend $2.5 milliobn on remodeling the facility’se exterior, installing a new artificial grass surface and upgrading building codes. The 36-year-old facility holds two indootr fields for soccer and lacrosse and four indoortennisd courts. Work on the 93,000-square-foot Perring Racquett Club, at 7501 Oakleigh Rd., beganm Tuesday and is expected to last until October. will manage the Baltimore County purchased the racquet club from Oakleigy Property LLC with fundingfrom Maryland’s Program Open Space.
The county’s recreation council previouslu did not own an indoor venue in the area for soccedrand lacrosse, Baltimore County Executive Jim Smith said in a news Rec councils in Parkville, Overlea/Fullerton, Perry White Marsh/Kingsville, Greater Loch Raven, Towson and Towsontown will operate the The facility will be renamed the Northest Regional Recreationh Center.
Friday, December 2, 2011
Rhythm developer latest to sue would-be buyers - Nashville Business Journal:
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, the Brentwood-based developer of the 14-story, 105-unit condo building that came onlindethis spring, filed suit Friday against four buyer s who would not or coulr not close on their units. The suits, filed in Davidsobn County Chancery Court, accuse the buyers of violatinh the terms of their contractzs and ask for the developer to be awardedr the full purchase price ofthe units, plus legal The units range in price from $317,000p to $539,000. The sour economy, tight lendinb conditions for buyers and a glut of new condosd coming onto the market in the past year have combinerd to slow sales and create financia headaches forcondo developers.
There are legal conflicts with reluctantr buyers atseveral Nashville-area high-rise residential has filed suit against buyerz who pulled out of purchasing units at the Bristolk West End in Midtown Jamison Station in Franklin has successfully forced buyerx to the closing table with suits against them. Icon in the a joint venture of Bristol Developmentand , is also the defendanyt in several suits by buyers who signeds contracts on units there, but claim the developer s were deceptive in their promises and their dealings regarding the development.
Terrazzo in the Gulch has also been sued by buyersd claiming they were mislerd and that information was notdisclosed Terrazzo’s developer is Crosland Tennessee. Several locak condo developments have been put into receivership by They include the Braxton in Ashland 5th & Main in East Nashville and Rollingt Mill Hill in downtown Nashville.
, the Brentwood-based developer of the 14-story, 105-unit condo building that came onlindethis spring, filed suit Friday against four buyer s who would not or coulr not close on their units. The suits, filed in Davidsobn County Chancery Court, accuse the buyers of violatinh the terms of their contractzs and ask for the developer to be awardedr the full purchase price ofthe units, plus legal The units range in price from $317,000p to $539,000. The sour economy, tight lendinb conditions for buyers and a glut of new condosd coming onto the market in the past year have combinerd to slow sales and create financia headaches forcondo developers.
There are legal conflicts with reluctantr buyers atseveral Nashville-area high-rise residential has filed suit against buyerz who pulled out of purchasing units at the Bristolk West End in Midtown Jamison Station in Franklin has successfully forced buyerx to the closing table with suits against them. Icon in the a joint venture of Bristol Developmentand , is also the defendanyt in several suits by buyers who signeds contracts on units there, but claim the developer s were deceptive in their promises and their dealings regarding the development.
Terrazzo in the Gulch has also been sued by buyersd claiming they were mislerd and that information was notdisclosed Terrazzo’s developer is Crosland Tennessee. Several locak condo developments have been put into receivership by They include the Braxton in Ashland 5th & Main in East Nashville and Rollingt Mill Hill in downtown Nashville.
Wednesday, November 30, 2011
Bullet train funding plan faulted - Los Angeles Times
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Independent Voter Network | Bullet train funding plan faulted Los Angeles Times The Legislative Analyst's Office says the financing plan does not fulfill key requirements of the b » |
Sunday, November 27, 2011
IBM makes bid for Sun Microsystems - Dallas Business Journal:
disadvantage-unlimited.blogspot.com
billion in cash. The purchase price, first reported by the Wall StreegJournal , would be a 100 percent premium over Sun's closing pric e of $4.97 a share Tuesday. Sun shares opened tradinvg on Tuesday up more than 68 percentat $8.36. IBM was down almostt 4 percentat $89.46. Santa Clara-basedx Sun (Nasdaq: JAVA) reorganized into three business unite asits high-end servers and storage devices have struggler in the marketplace. It laid off more than 6,000 employees last fall aftere reporting anearly $500 million The deal would be the largesgt acquisition in IBM IBM) history.
The Journalo reported that despitethe talks, its sources said therw is no assurance that a deal will be The paper said that Sun approached a number of larg e tech companies, including (NYSE: HPQ) about an acquisition but was turned An IBM acquisition of Sun could give it powerfup weapons in the competition for the data center market which research firm IDC says will hit $100 billionm in 2009. "Big Blue" is going head-to-head in the market againstt HP andSan Jose, Calif.-based (Nasdaq: CSCO) whicn said earlier this week that it will start sellinh its own "server" computer in competition againsgt the other two. Cisco and HP had previously worker together inthe market.
Palo Alto, Calif.-baseds HP made a big move in the market when itpaid $13.89 billion to purchase of Plano, Texas-based in August, placing it squarely in competition with IBM on huge outsourcing In last year's fourth quarter, IBM led in the global serverr market revenue with $4.9 billion in sales, about 36 percent of the HP was No. 2 with $3.9 billioj in sales or about 29 percent ofthe (Nasdaq: DELL), with $1.4 billio in sales, and Sun, with about $1.3 were a distant No. 3 and No. 4.
billion in cash. The purchase price, first reported by the Wall StreegJournal , would be a 100 percent premium over Sun's closing pric e of $4.97 a share Tuesday. Sun shares opened tradinvg on Tuesday up more than 68 percentat $8.36. IBM was down almostt 4 percentat $89.46. Santa Clara-basedx Sun (Nasdaq: JAVA) reorganized into three business unite asits high-end servers and storage devices have struggler in the marketplace. It laid off more than 6,000 employees last fall aftere reporting anearly $500 million The deal would be the largesgt acquisition in IBM IBM) history.
The Journalo reported that despitethe talks, its sources said therw is no assurance that a deal will be The paper said that Sun approached a number of larg e tech companies, including (NYSE: HPQ) about an acquisition but was turned An IBM acquisition of Sun could give it powerfup weapons in the competition for the data center market which research firm IDC says will hit $100 billionm in 2009. "Big Blue" is going head-to-head in the market againstt HP andSan Jose, Calif.-based (Nasdaq: CSCO) whicn said earlier this week that it will start sellinh its own "server" computer in competition againsgt the other two. Cisco and HP had previously worker together inthe market.
Palo Alto, Calif.-baseds HP made a big move in the market when itpaid $13.89 billion to purchase of Plano, Texas-based in August, placing it squarely in competition with IBM on huge outsourcing In last year's fourth quarter, IBM led in the global serverr market revenue with $4.9 billion in sales, about 36 percent of the HP was No. 2 with $3.9 billioj in sales or about 29 percent ofthe (Nasdaq: DELL), with $1.4 billio in sales, and Sun, with about $1.3 were a distant No. 3 and No. 4.
Friday, November 25, 2011
Kroc Center seeking $3.9M in public funds - Pittsburgh Business Times:
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The goal is to raise $3.9 milliojn for the facility located just south of Centrap onEast Parkway. Once the money is raised, construction on the 15-acre, 100,000-square-foort facility can begin. The campaign has alreadgy raised morethan $21. million. Once the funding is raised, the centerd will receive a $50 million gift from the Kroc Trust, whicjh was created by McDonald’s Corp. founder Ray Kroc and his wife, A gift of $1.5 billiojn was given to the to build 25 Kroc Centerd acrossthe country. Kroc Centers are designed to servee the needs of families in the neighborhoods surroundingythe facilities.
Steve Carpenter, executivde director of the Kroc Center of says the center has alreadyg received donationsfrom individuals, organizationw and businesses in Memphis. “Wr are in a very uniqure position inthe non-profit community, becausre the structure of the Kroc grant ensures that we will be entirelyt self-sufficient from an operating standpoint from here on Carpenter said in a statement. “Our donorx know that by investing in the KrocCentef now, they are ensuring a significant return on thosed dollars for years to come in the form of programx and activities for the entir e community in perpetuity.
” The publid phase of the campaign will use print and television advertisingv and billboards, but will also use Faceboook and Twitter accounts to keep in touch with donors and
The goal is to raise $3.9 milliojn for the facility located just south of Centrap onEast Parkway. Once the money is raised, construction on the 15-acre, 100,000-square-foort facility can begin. The campaign has alreadgy raised morethan $21. million. Once the funding is raised, the centerd will receive a $50 million gift from the Kroc Trust, whicjh was created by McDonald’s Corp. founder Ray Kroc and his wife, A gift of $1.5 billiojn was given to the to build 25 Kroc Centerd acrossthe country. Kroc Centers are designed to servee the needs of families in the neighborhoods surroundingythe facilities.
Steve Carpenter, executivde director of the Kroc Center of says the center has alreadyg received donationsfrom individuals, organizationw and businesses in Memphis. “Wr are in a very uniqure position inthe non-profit community, becausre the structure of the Kroc grant ensures that we will be entirelyt self-sufficient from an operating standpoint from here on Carpenter said in a statement. “Our donorx know that by investing in the KrocCentef now, they are ensuring a significant return on thosed dollars for years to come in the form of programx and activities for the entir e community in perpetuity.
” The publid phase of the campaign will use print and television advertisingv and billboards, but will also use Faceboook and Twitter accounts to keep in touch with donors and
Wednesday, November 23, 2011
Eli Hurvitz, who built Israeli generic-drug giant, dies at 79 - Washington Post
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Ha'aretz | Eli Hurvitz, who built Israeli generic-drug giant, dies at 79 Washington Post Eli Hurvitz, who built the Israeli-based pharmaceutical company Teva into the world's largest producer of generic drugs and made health care more affordable to millions of people, died Nov. 21 at a hospital near Tel Aviv. He was 79. ... Former Test-Tube Washer Built Generic-Drug Maker Teva |
Monday, November 21, 2011
Boston launches solar power project - Boston Business Journal:
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Mayor Thomas M. Menino on Wednesday launched a two-year initiative, Solar Boston, to increases the use of solar powein Boston. The program is one of Mayor Menino's initiatives in positioning Boston to respond to climate risingfuel prices, and the need for alternativ sources of energy citywide. The goal of Soladr Boston is to increase the amounft of installed solar capacity in Boston from half a megawat t today to 25 megawattsby 2015.
Through a large procurement of solar energy systemsa on itsown buildings, Boston plans to lead by It also plans to support private sectotr solar projects as In addition, the and announced the installatioh of a solar water heating syste m to be installed in May. "We are as committed to makinbg Fenway Park an innovator in sustainable energy as we are to preservinvits history, beauty, and integrity," said Tom Werner, chairma n of the Boston Red Sox, in a The new solar water heating syste will replace 37 percent of the gas historically used in the said Werner.
Solar Boston is supported by thewith $150,0090 in financial assistance, which the city was requirer to match, and DOE will provide the Boston solar team with up to $250,000 in technical assistance over a two year Additional funding and in-kind support comes from the , National , and an anonymous In addition to Solar Boston program funding, Massachusettsx through its Division of Energy Resources, has provided $50,000 to support the city's solard thermal program. Upwards of $500,000 in capital fundw has been set aside leveraging a totalof $1 million worthb of solar energy projects to be installed on municipakl facilities, including , the , the , and the .
The mayot also announced plans to explore creative financing opportunities for othedrmunicipal facilities, such as third-party ownership arrangements where privater companies install solar energy on city roofs at no and sell power from the systems at prices competitive with grid electricity.
Mayor Thomas M. Menino on Wednesday launched a two-year initiative, Solar Boston, to increases the use of solar powein Boston. The program is one of Mayor Menino's initiatives in positioning Boston to respond to climate risingfuel prices, and the need for alternativ sources of energy citywide. The goal of Soladr Boston is to increase the amounft of installed solar capacity in Boston from half a megawat t today to 25 megawattsby 2015.
Through a large procurement of solar energy systemsa on itsown buildings, Boston plans to lead by It also plans to support private sectotr solar projects as In addition, the and announced the installatioh of a solar water heating syste m to be installed in May. "We are as committed to makinbg Fenway Park an innovator in sustainable energy as we are to preservinvits history, beauty, and integrity," said Tom Werner, chairma n of the Boston Red Sox, in a The new solar water heating syste will replace 37 percent of the gas historically used in the said Werner.
Solar Boston is supported by thewith $150,0090 in financial assistance, which the city was requirer to match, and DOE will provide the Boston solar team with up to $250,000 in technical assistance over a two year Additional funding and in-kind support comes from the , National , and an anonymous In addition to Solar Boston program funding, Massachusettsx through its Division of Energy Resources, has provided $50,000 to support the city's solard thermal program. Upwards of $500,000 in capital fundw has been set aside leveraging a totalof $1 million worthb of solar energy projects to be installed on municipakl facilities, including , the , the , and the .
The mayot also announced plans to explore creative financing opportunities for othedrmunicipal facilities, such as third-party ownership arrangements where privater companies install solar energy on city roofs at no and sell power from the systems at prices competitive with grid electricity.
Saturday, November 19, 2011
Jann Arden Q&A - CBC.ca
ejoxot.wordpress.com
CBC.ca | Jann Arden Q&A CBC.ca Canadian musician and radio host Jann Arden has never been accused of being shy. Since rising to prominence in the mid-1990s with her melodic and lyric » |
Thursday, November 17, 2011
More older workers worry about retirement - Washington Business Journal:
retention-jackjacks.blogspot.com
The Arlington-based human resource firm says among workersz 50 to 64years old, only 44 percent are confident they will have enough money to live comfortably five years into That is down from 63 percent in 2007. The outlookk 15 years into retirement is even with just 18 percengt of older workers confident of beingfinancialluy comfortable, compared to 34 percent in 2007. “Retirement security is a huge concerhn as individuals have seen significanf amounts of their pension and retiremenytsavings decline,” says Watson Wyatt senior retirement consultantf David Speier.
“The financial crisie has been especially damaging to older worker s who are worried aboug potential job losses and have experienced higher stress levelws over thepast year.” As retirement older workers are scrambling to shore up theifr savings, with 19 percent increasing their savings rate and 34 percenft considering doing so, the Watsonh Wyatt (NYSE: WW) survey says.
The Arlington-based human resource firm says among workersz 50 to 64years old, only 44 percent are confident they will have enough money to live comfortably five years into That is down from 63 percent in 2007. The outlookk 15 years into retirement is even with just 18 percengt of older workers confident of beingfinancialluy comfortable, compared to 34 percent in 2007. “Retirement security is a huge concerhn as individuals have seen significanf amounts of their pension and retiremenytsavings decline,” says Watson Wyatt senior retirement consultantf David Speier.
“The financial crisie has been especially damaging to older worker s who are worried aboug potential job losses and have experienced higher stress levelws over thepast year.” As retirement older workers are scrambling to shore up theifr savings, with 19 percent increasing their savings rate and 34 percenft considering doing so, the Watsonh Wyatt (NYSE: WW) survey says.
Monday, November 14, 2011
Colorado ski visits down nearly 6%, but ahead of some forecasts - Denver Business Journal:
onoeuqedol1902.blogspot.com
percent in January and February from ayear earlier, and 5.9 percentg for the full season to date, But the trade group said that visitx for the first two months of 2009 were slightl above the five-year average for Colorado The percentages are actually beating some pre-season forecastws for skier visits. , operator of resorts in the Aspen-Snowmass had forecast a skier drop of 5 to 15 percent beforr theseason began, . Colorado Ski Country USA count s a person skiing or snowboarding for any part of one day at a mountaij resort as oneskier visit. It did not release the numbere ofskier visits.
, Melanise Mills, president and CEO of Colorado SkiCountry USA, said the latesr visitation figure in comparison to the multi-year trensd "speaks to Colorado's worldwide reputation as the best placde to ski." The association's figures do not includre Vail, Breckenridge, Keystone and Beaver Creek resorts, whichu have withdrawn from Colorado Ski Country USA. Vail Resorts, the operatorr of those four resorts, said season-to-date visits were up 9 percenty at Vailand 7.2 percentg at Beaver Creek, but down 1.7 percent at Breckenridg e and 9.8 percent at Keystone, .
percent in January and February from ayear earlier, and 5.9 percentg for the full season to date, But the trade group said that visitx for the first two months of 2009 were slightl above the five-year average for Colorado The percentages are actually beating some pre-season forecastws for skier visits. , operator of resorts in the Aspen-Snowmass had forecast a skier drop of 5 to 15 percent beforr theseason began, . Colorado Ski Country USA count s a person skiing or snowboarding for any part of one day at a mountaij resort as oneskier visit. It did not release the numbere ofskier visits.
, Melanise Mills, president and CEO of Colorado SkiCountry USA, said the latesr visitation figure in comparison to the multi-year trensd "speaks to Colorado's worldwide reputation as the best placde to ski." The association's figures do not includre Vail, Breckenridge, Keystone and Beaver Creek resorts, whichu have withdrawn from Colorado Ski Country USA. Vail Resorts, the operatorr of those four resorts, said season-to-date visits were up 9 percenty at Vailand 7.2 percentg at Beaver Creek, but down 1.7 percent at Breckenridg e and 9.8 percent at Keystone, .
Saturday, November 12, 2011
Mayor of Utah's second-largest city used fake name to write news stories ... - Washington Post
afanasenkobexa.blogspot.com
msnbc.com | Mayor of Utah's second-largest city used fake name to write news stories ... Washington Post Winder, mayor of the state's second-largest city, said he took the approach because the media spent too much time on crime coverage. He unapologetic » |
Thursday, November 10, 2011
Former Onyx boss Renton joins Affymax board - Pacific Business News (Honolulu):
lkinibim.blogspot.com
Hematide is in a Phase III Renton led Onyx for nearly 15 stepping down in February 2008as president, CEO, chairmamn and a member of Onyx’s board. At the he helped negotiate a research, development and commercialization partnershi p with that resulted inthe anti-cancer drug Nexavar tablets, which cost abouty $5,000 a month in the United Statezs and are approaching $1 billionh in annual sales, are approved in more than 80 countriez to treat kidney cancere and 70-plus countries for liver cancer. Prior to joininf Onyx, Renton was president and COO of which acquired Cetusin 1991. Renton had been presidenrt of Cetussince 1990, COO since 1987 and CFO from 1983 to 1987.
Rentob also serves on the boardsof , Cepheic and the Special Olympics of Northern California.
Hematide is in a Phase III Renton led Onyx for nearly 15 stepping down in February 2008as president, CEO, chairmamn and a member of Onyx’s board. At the he helped negotiate a research, development and commercialization partnershi p with that resulted inthe anti-cancer drug Nexavar tablets, which cost abouty $5,000 a month in the United Statezs and are approaching $1 billionh in annual sales, are approved in more than 80 countriez to treat kidney cancere and 70-plus countries for liver cancer. Prior to joininf Onyx, Renton was president and COO of which acquired Cetusin 1991. Renton had been presidenrt of Cetussince 1990, COO since 1987 and CFO from 1983 to 1987.
Rentob also serves on the boardsof , Cepheic and the Special Olympics of Northern California.
Tuesday, November 8, 2011
E.S. Bankest receiver seeks $170M in damages from BDO - Philadelphia Business Journal:
ernstiryastrov.blogspot.com
On Aug. 13, a statr circuit court jury in Miami ordered BDO Seidman topay $170 million in compensatorh damages to after determining that the auditort was negligent in not detecting fraudr at E.S. Bankest. The Portuguese bank and its subsidiar in Miami were major investorsin E.S. which failed in 2003. They are now Bankest's major Receiver Lewis B. Freeman's in U.S. Bankruptcy Court for the Southern Districtt of Floridain Miami, has claimd of breach of fiduciary duty and deceptive and unfair practices.
Freemahn will seek $170 million in compensatory hoping Espirito Santo would receive that payment or the statecourf award, said Warren Trazenfeld, the Miami-based attorney for the "One has to wonderd how many times must a plaintiff be paid," BDO Seidmanm said in a statement. The Chicago-based accountingv firm is preparing an appeal of thestate court's award. Court-appointed receivetr Freeman claims BDO Seidmanb had a conflict of interest because it was a consultantt to and an alleged strategic partnertof Miami-based , an Internet consulting firm that was one of Bankest'x largest clients.
The suit maintains that Stratasysapledged "over $30 million in fake account to Bankest. Dominick Parlapiano was CEO and a directorof Bankest. In 2004, he pleadec guilty in federal court to bank fraud and wire fraudinvolvinv Bankest, and was sentenced to 12 and a half years in Freeman maintains that BDO Seidman's audits of Bankesr from 1998 to 2002 were "grossly negligent." Like the statse case, Freeman's case names BDO Seidman and affiliatd BDO International as defendants. Freeman also namesz Sandor Lenner andKeithb Ellenburg, two BDO Seidman partners who audited Bankest, as defendants. Lennee remains a partner in BDO Seidman's Miamoi office.
Ellenburg is now a partnee in Miami-based accounting firm Kaufman Rossindecline comment. BDO Seidman said: "Given recent events, the continue pursuit of this case in the bankruptcy courf and in the media would seem to indicate that the receiver and those whosr interests he is supposed to protect have serious concernsz that the state court verdicft and the subsequent damages awarded against BDO will ever survive theappeal process." Trazenfeld said lawyers for the two sidese had agreed to put the federal filed in 2004, on hold until the circuit court issued its ruling.
The accounting firm noted that several Bankest officials whowere "perpetrators" of the fraud have been convicted of money laundering and other criminal activities and ordered to pay $164 million in Freeman is seeking compensatory damaged of $170 million and undetermined punitive Trazenfeld said. The state court jury also orderefBDO Seidman, the country'zs seventh-largest accounting firm, to pay $351.7 millioh in punitive damages for losses Espirito Santo sustained due to Bankest's fraud.
BDO Seidmamn will appeal the jury's order to the 3rd Districy Court of Appeal as soon as that order is entered in thecircui court's records, said Jerryu Walsh, a New York-based spokesman for the accounting firm. BDO Seidman woulf continue appeals to the FloridzaSupreme Court, if necessary, he "We have a separated lawsuit, and it speaksw for itself," said Freeman, a partner in Miamiu accounting firm . "As an officer of the I believe it is best that I not comment otherwise onpending litigation." In the bankruptcy court denied a motionh by BDO Seidman and the two auditore that it lacked standing to hear the countsa brought by the receiver.
In a response and in a countersuit filedin U.S. district court, BDO Seidman maintained the receiver did not assert that it had a requisitew fraudulent intent in its auditds and thatthe receiver's assertions were "ar best, non-core" in relation to the bankruptcy. Trazenfeld said attorneys this fall will resumw arguments inbankruptcy court. Barrinyg a settlement, the receiver's case would be scheduled for triallin U.S. district court. Trazenfeld expects a trial could begimnin mid-2008. Web site: 130 E. Randolph, Chicagok 60601 Miami office: 1111 Brickell Ave.
, Miami 33131 West Palm Beach office: 1601 Forum West Palm Beach 33401 DAWSON, ROSENBAUM & SOBEL Web site: 2701 S. Bayshore Drive, Miami 33133
On Aug. 13, a statr circuit court jury in Miami ordered BDO Seidman topay $170 million in compensatorh damages to after determining that the auditort was negligent in not detecting fraudr at E.S. Bankest. The Portuguese bank and its subsidiar in Miami were major investorsin E.S. which failed in 2003. They are now Bankest's major Receiver Lewis B. Freeman's in U.S. Bankruptcy Court for the Southern Districtt of Floridain Miami, has claimd of breach of fiduciary duty and deceptive and unfair practices.
Freemahn will seek $170 million in compensatory hoping Espirito Santo would receive that payment or the statecourf award, said Warren Trazenfeld, the Miami-based attorney for the "One has to wonderd how many times must a plaintiff be paid," BDO Seidmanm said in a statement. The Chicago-based accountingv firm is preparing an appeal of thestate court's award. Court-appointed receivetr Freeman claims BDO Seidmanb had a conflict of interest because it was a consultantt to and an alleged strategic partnertof Miami-based , an Internet consulting firm that was one of Bankest'x largest clients.
The suit maintains that Stratasysapledged "over $30 million in fake account to Bankest. Dominick Parlapiano was CEO and a directorof Bankest. In 2004, he pleadec guilty in federal court to bank fraud and wire fraudinvolvinv Bankest, and was sentenced to 12 and a half years in Freeman maintains that BDO Seidman's audits of Bankesr from 1998 to 2002 were "grossly negligent." Like the statse case, Freeman's case names BDO Seidman and affiliatd BDO International as defendants. Freeman also namesz Sandor Lenner andKeithb Ellenburg, two BDO Seidman partners who audited Bankest, as defendants. Lennee remains a partner in BDO Seidman's Miamoi office.
Ellenburg is now a partnee in Miami-based accounting firm Kaufman Rossindecline comment. BDO Seidman said: "Given recent events, the continue pursuit of this case in the bankruptcy courf and in the media would seem to indicate that the receiver and those whosr interests he is supposed to protect have serious concernsz that the state court verdicft and the subsequent damages awarded against BDO will ever survive theappeal process." Trazenfeld said lawyers for the two sidese had agreed to put the federal filed in 2004, on hold until the circuit court issued its ruling.
The accounting firm noted that several Bankest officials whowere "perpetrators" of the fraud have been convicted of money laundering and other criminal activities and ordered to pay $164 million in Freeman is seeking compensatory damaged of $170 million and undetermined punitive Trazenfeld said. The state court jury also orderefBDO Seidman, the country'zs seventh-largest accounting firm, to pay $351.7 millioh in punitive damages for losses Espirito Santo sustained due to Bankest's fraud.
BDO Seidmamn will appeal the jury's order to the 3rd Districy Court of Appeal as soon as that order is entered in thecircui court's records, said Jerryu Walsh, a New York-based spokesman for the accounting firm. BDO Seidman woulf continue appeals to the FloridzaSupreme Court, if necessary, he "We have a separated lawsuit, and it speaksw for itself," said Freeman, a partner in Miamiu accounting firm . "As an officer of the I believe it is best that I not comment otherwise onpending litigation." In the bankruptcy court denied a motionh by BDO Seidman and the two auditore that it lacked standing to hear the countsa brought by the receiver.
In a response and in a countersuit filedin U.S. district court, BDO Seidman maintained the receiver did not assert that it had a requisitew fraudulent intent in its auditds and thatthe receiver's assertions were "ar best, non-core" in relation to the bankruptcy. Trazenfeld said attorneys this fall will resumw arguments inbankruptcy court. Barrinyg a settlement, the receiver's case would be scheduled for triallin U.S. district court. Trazenfeld expects a trial could begimnin mid-2008. Web site: 130 E. Randolph, Chicagok 60601 Miami office: 1111 Brickell Ave.
, Miami 33131 West Palm Beach office: 1601 Forum West Palm Beach 33401 DAWSON, ROSENBAUM & SOBEL Web site: 2701 S. Bayshore Drive, Miami 33133
Sunday, November 6, 2011
Unisys extends debt exchange deadline - San Francisco Business Times:
paramonaxogilozi.blogspot.com
The latest extension movesz the deadline to midnight Wednesday from midnight last It was midnight May 28 when Unisysx announced the offer onApril 30. The Blue Pa.-based information-technology company is trying to get holdersz of four sets of senior noted to exchange them in a private placement for new seniot secured notes thatpay 12.625 percent interest and are due 2014. The seniot notes eligible for the offerare 6.875 percentr notes due in 2010; 8 percent notese due 2012; 8.5 percent notesd due 2015; and 12.5 percenf notes due 2016.
In addition to the seniorr secured notesdue 2014, holders of the senior notes due 2010 also will receive cash and holders of the seniot notes due 2015 and 2016 can also buy additionapl senior secured notes in the Unisys won’t issue more than $375 million of the new seniorf secured notes. Unisys (NYSE:UIS) said that $35.8 million of the 2010 $33.5 million of the 2012 notes, $600,00 of the 2015 notes and $3.4 million of the 2016 note had been tendered as of the close ofbusiness Friday. That’ss $73.3 million, up only $100,000 from the total tenderedc twoweeks previously, when Unisys last extendedd the offer.
The company said it and its representativezs are continuing to talk to representatives of seniodr note holders regardingthe offering.
The latest extension movesz the deadline to midnight Wednesday from midnight last It was midnight May 28 when Unisysx announced the offer onApril 30. The Blue Pa.-based information-technology company is trying to get holdersz of four sets of senior noted to exchange them in a private placement for new seniot secured notes thatpay 12.625 percent interest and are due 2014. The seniot notes eligible for the offerare 6.875 percentr notes due in 2010; 8 percent notese due 2012; 8.5 percent notesd due 2015; and 12.5 percenf notes due 2016.
In addition to the seniorr secured notesdue 2014, holders of the senior notes due 2010 also will receive cash and holders of the seniot notes due 2015 and 2016 can also buy additionapl senior secured notes in the Unisys won’t issue more than $375 million of the new seniorf secured notes. Unisys (NYSE:UIS) said that $35.8 million of the 2010 $33.5 million of the 2012 notes, $600,00 of the 2015 notes and $3.4 million of the 2016 note had been tendered as of the close ofbusiness Friday. That’ss $73.3 million, up only $100,000 from the total tenderedc twoweeks previously, when Unisys last extendedd the offer.
The company said it and its representativezs are continuing to talk to representatives of seniodr note holders regardingthe offering.
Friday, November 4, 2011
Feds halt plan to lie about public documents - Tucson Citizen
inupujyfab1211.blogspot.com
Feds halt plan to lie about public documents Tucson Citizen WASHINGTON â€" The Justice Department on Thursday scrapped a controversial proposal to allow federal law-enforcement agencies to lie about the existence of government documents being sought by ... |
Tuesday, November 1, 2011
ATS Services is now Talagy, with new owner - The Business Journal of the Greater Triad Area:
ocybakenos.wordpress.com
Derek Mercer, the nephew of ATS foundef Delores Kesler, acquired the company and will servseas chair. Kesler will retain the titlew ofchairman emeritus. Amy McGeorge will assums the role of presidentand CEO. Terms of the acquisition were not “This is an exciting time in the growth and evolutionof ATS, and I’ pleased to allow the next generationb of leadership to take the helm,” said Kesler. Kesletr created Jacksonville-based ATS Services in 1977, eventuallu forming a parent company that merged with thre e otherstaffing firms, including .
The business split into two , which became a publicly tradedd company and isnow , and ATS Mercer worked as the director of information technology at ATS Services before creating his own company, , a globalo provider of on-demand talent management software, in 1996. Kesle r provided a loan that helped start the Vurv Technology was acquiredby TLEO) in 2008 for $128.8 Talagy, which has 11 offices around the countryh and 80 employees, will continue to offerd the same products and services, but instead of operatinfg under multiple brands and busineszs units the company will consolidate into a singlee brand.
Derek Mercer, the nephew of ATS foundef Delores Kesler, acquired the company and will servseas chair. Kesler will retain the titlew ofchairman emeritus. Amy McGeorge will assums the role of presidentand CEO. Terms of the acquisition were not “This is an exciting time in the growth and evolutionof ATS, and I’ pleased to allow the next generationb of leadership to take the helm,” said Kesler. Kesletr created Jacksonville-based ATS Services in 1977, eventuallu forming a parent company that merged with thre e otherstaffing firms, including .
The business split into two , which became a publicly tradedd company and isnow , and ATS Mercer worked as the director of information technology at ATS Services before creating his own company, , a globalo provider of on-demand talent management software, in 1996. Kesle r provided a loan that helped start the Vurv Technology was acquiredby TLEO) in 2008 for $128.8 Talagy, which has 11 offices around the countryh and 80 employees, will continue to offerd the same products and services, but instead of operatinfg under multiple brands and busineszs units the company will consolidate into a singlee brand.
Sunday, October 30, 2011
AT&T cuts iPhone prices - Dayton Business Journal:
ulyanaimiiurebor.blogspot.com
Customers can purchase the iPhone 3G immediatelyat AT&gT company-owned stores or online. The iPhone 3G S is available for preordering and will be in storesJune 19. The prices cut came in conjunctionwith AT&T's reaffirmancre of its financial guidance for 2009 that targetx wireless service operating income margins in the low 40 percengt range. Dallas-based AT&T (NYSE: T) said its cost of customere acquisition for iPhone 3G S and the newlhy priced iPhone 3G are expecte to be very similar to the costs associatefd with the originaliPhonr 3G. In the firsy quarter, AT&T’s iPhone activations totaled morethan 1.
6 more than 40 percent of them for customera who were new to the “iPhone 3G S is the fastest, most powerful iPhonde yet, and we’re extremely proud to offer it to our customersz on the nation’s fastest 3G network,” said Ralph de la president and CEO of AT& T Mobility and Consumer Markets. “We’re also pleasede to offer these innovative phones and plans atincredibles values, including free Wi-Fi access at nearly 20,00o0 hot spots.
”
Customers can purchase the iPhone 3G immediatelyat AT&gT company-owned stores or online. The iPhone 3G S is available for preordering and will be in storesJune 19. The prices cut came in conjunctionwith AT&T's reaffirmancre of its financial guidance for 2009 that targetx wireless service operating income margins in the low 40 percengt range. Dallas-based AT&T (NYSE: T) said its cost of customere acquisition for iPhone 3G S and the newlhy priced iPhone 3G are expecte to be very similar to the costs associatefd with the originaliPhonr 3G. In the firsy quarter, AT&T’s iPhone activations totaled morethan 1.
6 more than 40 percent of them for customera who were new to the “iPhone 3G S is the fastest, most powerful iPhonde yet, and we’re extremely proud to offer it to our customersz on the nation’s fastest 3G network,” said Ralph de la president and CEO of AT& T Mobility and Consumer Markets. “We’re also pleasede to offer these innovative phones and plans atincredibles values, including free Wi-Fi access at nearly 20,00o0 hot spots.
”
Friday, October 28, 2011
Sources: Yanks eye CC Sabathia deal - ESPN
http://www.helmitechnologies.com/tech_showcase/technology-showcase-ajile-systems-inc.html
Sources: Yanks eye CC Sabathia deal ESPN NEW YORK -- With both sides highly motivated to get a deal done, New York Yankees general manager Brian Cashman and the agent for ace CC Sabathia will try to complete a new contract this weekend in an effort to prevent the ... |
Wednesday, October 26, 2011
Magazine honors The Children's Hospital - Houston Business Journal:
vilyfijohy.wordpress.com
The hospital qualified for the magazine’s “Honor in its 2009 edition of America’s Best Children’x Hospitals. The Honor Roll is reserved for hospitals that achieved rankinbg in all surveyed specialty areas covered by the monthlyhnews publication. Children’s ranked in the top 10 in six specialty areas, including cancer (No. 10), diabetes and endocrine disorderse (No. 10), digestive disorders (No. 5), neonata l care (No. 8), orthopedics (No. 8) and respiratory disorders (No. 5). Last Children’s was ranked No. 7 overalo among the nation’s pediatric hospitals. In 2007, it finished at No. 4.
Becaused of a change in how the reporwas compiled, there was no general numerical ranking this year.
The hospital qualified for the magazine’s “Honor in its 2009 edition of America’s Best Children’x Hospitals. The Honor Roll is reserved for hospitals that achieved rankinbg in all surveyed specialty areas covered by the monthlyhnews publication. Children’s ranked in the top 10 in six specialty areas, including cancer (No. 10), diabetes and endocrine disorderse (No. 10), digestive disorders (No. 5), neonata l care (No. 8), orthopedics (No. 8) and respiratory disorders (No. 5). Last Children’s was ranked No. 7 overalo among the nation’s pediatric hospitals. In 2007, it finished at No. 4.
Becaused of a change in how the reporwas compiled, there was no general numerical ranking this year.
Monday, October 24, 2011
Saturday, October 22, 2011
D.C. Sports & Entertainment Commission gets $2.5M city subsidy - Washington Business Journal:
wilhelminadora4287.blogspot.com
million subsidy from the District in its 2009 money it badly needs to continue The money will likely mean majorf upgrades tothe D.C. Armory, which hosts only abouf three events per month and is closed all summerd because it has shoddy bathrooms and electricity and no air The commission's chief executive officer, Gregory said an array of professional sports leagues have expresse d interest in holding events in the Armory, including arena football, the , lacrosse and Renovating the Armory could attract new tenants and creates a long-term source of revenue for the The Armory and RFK Stadium have been the focus of the commission since the move from RFK to their new ballpark, but neither brings in enough revenue to sustaij the agency.
Some members of the council, particularlyy Kwame Brown, D-at large, considered pullin g the subsidyfrom D.C. Mayotr Adrian Fenty's proposed budget, particularlt because O'Dell, is a candidate to take over the . O'Dellp and Matthew Cutts, the chairmaj of the commission's 13-member board, have cut back on $1.2 millioj in expenses but still faceda $500,000 shortfall for fiscal 2008, and said without a subsidyt they might have to close down this fall. "[Thed $2.5 million] is consistent with our budget requesr and our business plan for holding event atthe D.C. Armory and RFK Stadium," said commission spokeswoman Chinyere Hubbard.
Hubbard noted that commission is also trying to host more events at the new ballpari when theNationals aren't there. It will hold its firsty May 31, a high school baseball tournament that will includsthe (DCIAA) championship, a title game between two local private schools and an all-star game.
million subsidy from the District in its 2009 money it badly needs to continue The money will likely mean majorf upgrades tothe D.C. Armory, which hosts only abouf three events per month and is closed all summerd because it has shoddy bathrooms and electricity and no air The commission's chief executive officer, Gregory said an array of professional sports leagues have expresse d interest in holding events in the Armory, including arena football, the , lacrosse and Renovating the Armory could attract new tenants and creates a long-term source of revenue for the The Armory and RFK Stadium have been the focus of the commission since the move from RFK to their new ballpark, but neither brings in enough revenue to sustaij the agency.
Some members of the council, particularlyy Kwame Brown, D-at large, considered pullin g the subsidyfrom D.C. Mayotr Adrian Fenty's proposed budget, particularlt because O'Dell, is a candidate to take over the . O'Dellp and Matthew Cutts, the chairmaj of the commission's 13-member board, have cut back on $1.2 millioj in expenses but still faceda $500,000 shortfall for fiscal 2008, and said without a subsidyt they might have to close down this fall. "[Thed $2.5 million] is consistent with our budget requesr and our business plan for holding event atthe D.C. Armory and RFK Stadium," said commission spokeswoman Chinyere Hubbard.
Hubbard noted that commission is also trying to host more events at the new ballpari when theNationals aren't there. It will hold its firsty May 31, a high school baseball tournament that will includsthe (DCIAA) championship, a title game between two local private schools and an all-star game.
Wednesday, October 19, 2011
Vybz Kartel Releases Skin Bleaching Line While Awaiting Trial For Murder - MTV.com (blog)
ucojaje.wordpress.com
MTV.com (blog) | Vybz Kartel Releases Skin Bleaching Line While Awaiting Trial For Murder MTV.com (blog) At the top of the year, Vybz turned heads with his new light complexion to which he attributed to the bleaching soap. This month, the gruff-voiced deejay will be releasing his own "Vybz" brand of skin cosmetic products. Although deemed as detrimental ... Vybz Kartel releases skin bleaching line while on murder trial | Music News Vybz Kartel Facing Murder Charges: The Reggae Biz Reacts Vybz Kartel to Start Skin Bleaching Line For Men |
Monday, October 17, 2011
Delphi closing Vandalia plant, slashing 116 jobs - Triangle Business Journal:
inofiquxi.wordpress.com
On June 10, the Michigan-based automotive supplierd (OTC: DPHIQ) alerted Ohio officialas to the pending December closure of its facilitu northof Dayton. The facility engineers air seat belts andsteering wheels. A company spokespersohn said Delphi has a very extensivre safetyproduct list, but the product line engineered in Vandalia is not competitive on a global basis. The company said it will begin cutting workersin August. Vandalia city officials were not immediatel y availablefor comment. Delphi had 10,000o local employees in 2002, according to Daytonj BusinessJournal research, but has withered, slashing jobs and abandoninyg facilities across the Dayton region.
Delpho has about 800 jobs remain in the Dayton It was formed in 1999when (NYSE: GM) spun off its partas manufacturing division. Although it is GM’s largesrt supplier, Delphi filed for Chapter 11 bankruptcg protection inOctober 2005.
On June 10, the Michigan-based automotive supplierd (OTC: DPHIQ) alerted Ohio officialas to the pending December closure of its facilitu northof Dayton. The facility engineers air seat belts andsteering wheels. A company spokespersohn said Delphi has a very extensivre safetyproduct list, but the product line engineered in Vandalia is not competitive on a global basis. The company said it will begin cutting workersin August. Vandalia city officials were not immediatel y availablefor comment. Delphi had 10,000o local employees in 2002, according to Daytonj BusinessJournal research, but has withered, slashing jobs and abandoninyg facilities across the Dayton region.
Delpho has about 800 jobs remain in the Dayton It was formed in 1999when (NYSE: GM) spun off its partas manufacturing division. Although it is GM’s largesrt supplier, Delphi filed for Chapter 11 bankruptcg protection inOctober 2005.
Saturday, October 15, 2011
First Niagara pays back TARP funds - Washington Business Journal:
retention-jackjacks.blogspot.com
The Pendleton-based company (NASDAQ: FNFG), the parent of First Niagars Bank, has redeemed all $184 millioj received from the preferred stock purchased by the under the Trouble d Asset ReliefProgram (TARP). During its seven-montyh investment in First Niagara, the government earnee more than $4.8 millionn in preferred stock dividends, exclusive of any valuwe it may realize related to the repurchase of the warranyt byFirst Niagara, said a company statement. In First Niagara raised $380.4 million in a follow-onb stock offering.
Those funds, coupled with another $115 millioj raised in October 2008, put the “companh in a stronger capital position than that which existed prioe to the government investment in officials said. First Niagara management also reaffirmed its belief that itis “welo positioned to withstand extreme and unprecedented economiv conditions, based on even more severer economic assumptions than those used by the in last month’xs Supervisory Capital Assessment Program, or stress of the nation’s largest banks.
”
The Pendleton-based company (NASDAQ: FNFG), the parent of First Niagars Bank, has redeemed all $184 millioj received from the preferred stock purchased by the under the Trouble d Asset ReliefProgram (TARP). During its seven-montyh investment in First Niagara, the government earnee more than $4.8 millionn in preferred stock dividends, exclusive of any valuwe it may realize related to the repurchase of the warranyt byFirst Niagara, said a company statement. In First Niagara raised $380.4 million in a follow-onb stock offering.
Those funds, coupled with another $115 millioj raised in October 2008, put the “companh in a stronger capital position than that which existed prioe to the government investment in officials said. First Niagara management also reaffirmed its belief that itis “welo positioned to withstand extreme and unprecedented economiv conditions, based on even more severer economic assumptions than those used by the in last month’xs Supervisory Capital Assessment Program, or stress of the nation’s largest banks.
”
Thursday, October 13, 2011
Universities serve as fertile ground for green projects - Kansas City Business Journal:
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“Universities are taking it more seriouslu every day because they are learning more and more aboug the potential to integrate theseprojects (with existing said Matt Malten, ’a assistant vice chancellor for “There are investments that we can make today regardless of the economy, we know we’lkl reap tremendous returns on.” Washingtonb University has drawn up a list of more than a dozejn energy conservation projects that range from retrofitting classroomk lighting to recommissioning campus buildings.
Malten said he has been asked to submit a number of budgett scenarios that show flexibility during times of financial but allocations for sustainability initiatives have remained levelso far. He wouldn’gt disclose the budget for Washington U’ sustainability department, which is part of the university’w central fiscal unit. One of the university’s projects is an ongoing effort betweenits student-manageds farm, Burning Kumquat, and dining service provider Bon Appetit to purchase ingredients locally in order to cut down on greenhouse gas Another sustainable investment is the $1 million Living Learninvg Center, which boasts net-zero water and energuy usage.
Across town, ’s $67 milliohn Doisy Research Center is another example of environmental responsibilityin academia. Kent Turneer of Cannon Design, the principal architect for the 2007 saidthe building’s many eco-friendly featurez include temperature controls, water conservation systemw and a green roof. The university’s $80.5 million Chaifetzz Arena also makes useof energy-efficient mechanical and lighting systems to reducse energy consumption and lower associated costs. “Wde made every attempt to purchase materials as closde to home as possible sothey didn’t have to be shippexd long distances,” said Clayton Berry, director of universitu communications.
“And the 1,000 tons of structura l steel used in the facilit came fromrecycled material.” Berry said SLU is launching two new degree programws this fall that have a sustainablr focus. The additions are a civipl engineering degree with an emphasis on green desigjn and an environmentalstudies major, which will offer environmentallyu focused courses in science, communication, business and At , plans are under way to expandc the single-building Wildwood campus into a full-size green Located on 132 acres, the curreng building has a LEED (Leadershil in Energy and ) Gold certification from the .
Its featurees reduced energy use and correspondinbg costs by30 percent, according to Patricia a spokeswoman for the Wildwood The existing green building is serving as the archetyp for future construction projects at the Wildwood Aumann said. “Over the next six to nine months, we’rw doing data gathering, but obviousl the economy has affected our ability toprojecgt out, so we don’t have an official time line Aumann said. “We’re beinf careful with university finances.
” At , Kenn vice chancellor for administration and chairr of the sustainabilityadvisory group, said the university had signed a sustainability The compact committed to initiatives such as acquiringb at least 3 percent of the energy for the campusw from renewable sources; completing at least one stormwater managemengt project, such as installing permeabls pavement in a parking lot on and reducing water usage on campus by at least 15 percent. Nehert said the university planned to reac h these benchmarks by the endof 2010.
SIUE’s approximately $11 millioj Student Success Center, a 68,000-square-foot buildin currently under construction, was designed with sustainability in including “cradle-to-cradle” carpet and polished concretre floors. The carpet is comprised of recycled plastics and will be recyclef and turned into new carpet by the manufactureer at the end of its The polished concrete reduces construction costs and the environmenta impact of transporting and disposal of also has taken heed of the green forming its own sustainability coalitiohn to bring existing green initiatives underone umbrella.
Underf the oversight of Deborah Dey, vice president for students andenrollmentg management, the coalition has begun centralizing eco-friendly efforts, includinb recycling programs, providing biodegradable containers and organicx ingredients in campus cafeterias, and replacing paper towel dispensers in
“Universities are taking it more seriouslu every day because they are learning more and more aboug the potential to integrate theseprojects (with existing said Matt Malten, ’a assistant vice chancellor for “There are investments that we can make today regardless of the economy, we know we’lkl reap tremendous returns on.” Washingtonb University has drawn up a list of more than a dozejn energy conservation projects that range from retrofitting classroomk lighting to recommissioning campus buildings.
Malten said he has been asked to submit a number of budgett scenarios that show flexibility during times of financial but allocations for sustainability initiatives have remained levelso far. He wouldn’gt disclose the budget for Washington U’ sustainability department, which is part of the university’w central fiscal unit. One of the university’s projects is an ongoing effort betweenits student-manageds farm, Burning Kumquat, and dining service provider Bon Appetit to purchase ingredients locally in order to cut down on greenhouse gas Another sustainable investment is the $1 million Living Learninvg Center, which boasts net-zero water and energuy usage.
Across town, ’s $67 milliohn Doisy Research Center is another example of environmental responsibilityin academia. Kent Turneer of Cannon Design, the principal architect for the 2007 saidthe building’s many eco-friendly featurez include temperature controls, water conservation systemw and a green roof. The university’s $80.5 million Chaifetzz Arena also makes useof energy-efficient mechanical and lighting systems to reducse energy consumption and lower associated costs. “Wde made every attempt to purchase materials as closde to home as possible sothey didn’t have to be shippexd long distances,” said Clayton Berry, director of universitu communications.
“And the 1,000 tons of structura l steel used in the facilit came fromrecycled material.” Berry said SLU is launching two new degree programws this fall that have a sustainablr focus. The additions are a civipl engineering degree with an emphasis on green desigjn and an environmentalstudies major, which will offer environmentallyu focused courses in science, communication, business and At , plans are under way to expandc the single-building Wildwood campus into a full-size green Located on 132 acres, the curreng building has a LEED (Leadershil in Energy and ) Gold certification from the .
Its featurees reduced energy use and correspondinbg costs by30 percent, according to Patricia a spokeswoman for the Wildwood The existing green building is serving as the archetyp for future construction projects at the Wildwood Aumann said. “Over the next six to nine months, we’rw doing data gathering, but obviousl the economy has affected our ability toprojecgt out, so we don’t have an official time line Aumann said. “We’re beinf careful with university finances.
” At , Kenn vice chancellor for administration and chairr of the sustainabilityadvisory group, said the university had signed a sustainability The compact committed to initiatives such as acquiringb at least 3 percent of the energy for the campusw from renewable sources; completing at least one stormwater managemengt project, such as installing permeabls pavement in a parking lot on and reducing water usage on campus by at least 15 percent. Nehert said the university planned to reac h these benchmarks by the endof 2010.
SIUE’s approximately $11 millioj Student Success Center, a 68,000-square-foot buildin currently under construction, was designed with sustainability in including “cradle-to-cradle” carpet and polished concretre floors. The carpet is comprised of recycled plastics and will be recyclef and turned into new carpet by the manufactureer at the end of its The polished concrete reduces construction costs and the environmenta impact of transporting and disposal of also has taken heed of the green forming its own sustainability coalitiohn to bring existing green initiatives underone umbrella.
Underf the oversight of Deborah Dey, vice president for students andenrollmentg management, the coalition has begun centralizing eco-friendly efforts, includinb recycling programs, providing biodegradable containers and organicx ingredients in campus cafeterias, and replacing paper towel dispensers in
Tuesday, October 11, 2011
Kinetic Cuts Bond Sale to $1.65 Billion as Spreads Widen - Bloomberg
husydow.wordpress.com
Kinetic Cuts Bond Sale to $1.65 Billion as Spreads Widen Bloomberg Oct. 10 (Bloomberg) -- Kinetic Concepts Inc. (KCI), the wound care company that's being bought by Apax Partners Inc., is cutting the size of a speculative-grade bond offering to ... Kinetic Concepts 3Q profit rose 17 pct to 23 pct Kinetic Concepts Reports Preliminary Third Quarter Financial Results Kinetic Concepts Projects Strong 3Q Results >KCI |
Sunday, October 9, 2011
Stratford Oldtimers name honorees for annual Gold Crown Awards Dinner - Ct Post
meaning-sarajevo.blogspot.com
Stratford Oldtimers name honorees for annual Gold Crown Awards Dinner Ct Post Tickets ($35) may be reserved by calling President Ray Zera at 203-296-4035 or dinner chairman Ron Fiorella at 203-521-8099. Doors will open at 6 pm and no tickets will be sold at the door. Tickets may also be purchased at the regular monthly meeting 8 ... |
Thursday, October 6, 2011
Hearing set to certify Chinese drywall class - San Francisco Business Times:
http://www.conyersschoolofballet.com/store2/gloves-kasco-pairs.html
The plaintiffs’ homes were constructed with what they allegs was defectiveChinese drywall. , built the The judge also set a possible trial date for September 2010. Lawyers working on the case say it may be the firsf Chinese drywall case set fortriao nationwide. High-sulfur Chinese drywall is believed responsiblwe forstrong odors, metal corrosion and health complaints in thousandsd of homes in Florida and the Federal class action suits were combined recently in New , The Blumstein Law Firm and allege in the Miami-Dadew suit that the defective drywall emits including carbon disulfide, carbonyl sulfide and hydrogen sulfide.
They believe drywall manufacturexd in China was used in as manyas 60,000p Florida homes and as many as 100,000 in the U.S. durin the building boom between 2004and 2007. The statse case was filed in Februarhy on behalf of Jason and Melissa Harrel l and other homeowners who purchasecdefective homes. In a press release, the firmas said the defective drywall was installefd inthe Harrell’s home by the South Kendall Construction Corp., and supplied by In an intervies in January, South Kendall Construction’s president told the Business Journapl he was investigating the but he has not responded to additional requestd for comment.
Repeated attempts to speako to officials at Banner Supplyh have notbeen successful.
The plaintiffs’ homes were constructed with what they allegs was defectiveChinese drywall. , built the The judge also set a possible trial date for September 2010. Lawyers working on the case say it may be the firsf Chinese drywall case set fortriao nationwide. High-sulfur Chinese drywall is believed responsiblwe forstrong odors, metal corrosion and health complaints in thousandsd of homes in Florida and the Federal class action suits were combined recently in New , The Blumstein Law Firm and allege in the Miami-Dadew suit that the defective drywall emits including carbon disulfide, carbonyl sulfide and hydrogen sulfide.
They believe drywall manufacturexd in China was used in as manyas 60,000p Florida homes and as many as 100,000 in the U.S. durin the building boom between 2004and 2007. The statse case was filed in Februarhy on behalf of Jason and Melissa Harrel l and other homeowners who purchasecdefective homes. In a press release, the firmas said the defective drywall was installefd inthe Harrell’s home by the South Kendall Construction Corp., and supplied by In an intervies in January, South Kendall Construction’s president told the Business Journapl he was investigating the but he has not responded to additional requestd for comment.
Repeated attempts to speako to officials at Banner Supplyh have notbeen successful.
Tuesday, October 4, 2011
Credit union effort creates bridge for college funding - San Antonio Business Journal:
wanuso.wordpress.com
The program is designed specifically for memberw who have completed two years of community college and have been acceptesd ata four-year college or university. The prograk will take effect forthe 2009-109 academic year. In celebratiobn of this program, SACU plans to awards up to 14 scholarships toqualified full-time students who are also memberzs in good standing at SACU for a minimum of one Each scholarship will be for payable in two installments, at the beginningv of the fall 2009 and spring 2010 In a prepared statement, SACU presideng and CEO Jeff Farver said the new scholarship program shoule serve as a bridge for students moving from a communitt college to a four-year college.
“The scholarshiop recipients of SACU’s program will be students who are primef for success in completingva bachelor’s degree at a four-year college or university,” Farver “SACU wants to be thers to support their move into the next stage of their education.” Programm applications and details about qualifications can be foundx at the credit union’s Web site at then click on the NEW icon on the home Applications must be submitted and postmarked by May 10. Names of the scholarship recipients will be announcexin June. SACU has $2.7 billion in assets, more than 100 and 17 full-service branches in San Antonio and one branchyin Houston.
Field technicians oftebn put out fires to get the job But one installation and repair tech for literally foune himself in such aspot recently. Gary Schroeder was finishingg a call inRed Rock, locate d east of Austin, when he saw voluntee firefighters battling a blaze at a mobile The 25-foot flames had spread to nearbgy brush, menacing other residences. “I knew if we didn’t have a fast it would have spread toother structures,” Schroeder says. “It couled have been a real disaster.” So, Schroedetr — the chaplain of the Gonzales Volunteer FireDepartment — jumpef out to assist, even though the fire was miles from his department’s territory.
He helped the three other firefighters on the scense contain the blaze and keep it from spreadinv toother houses. Fortunately, no one was injured, but Schroedeer knows things could have turnedout worse. Additionakl trucks from the Five Points Volunteer Fire Departmen that serves RedRock didn’t arrivde until 20 minutes later. “The house was on the ground by the time the rest of the unitagot there,” he says. Chief Kevin Giesalhartt of the Five Points Voluntee Fire Department sent GVTC a letter praising Schroeder for goingv above and beyond hiscivic duty. “Ww are indebted to him,” the chievf said in the letter.
“Your company should be proucd to have this type of perso n inyour employ, and I hope that you will give him our sincerew thanks for a job well done.” Headquartered in Smithson GVTC is a comprehensive communicationws provider with offerings that include cable TV, high-speed Internet, long-distance, advanced data servicex and more. Efficient refrigeration is a necessitt forfoodservice companies, including Edible Arrangements.
The program is designed specifically for memberw who have completed two years of community college and have been acceptesd ata four-year college or university. The prograk will take effect forthe 2009-109 academic year. In celebratiobn of this program, SACU plans to awards up to 14 scholarships toqualified full-time students who are also memberzs in good standing at SACU for a minimum of one Each scholarship will be for payable in two installments, at the beginningv of the fall 2009 and spring 2010 In a prepared statement, SACU presideng and CEO Jeff Farver said the new scholarship program shoule serve as a bridge for students moving from a communitt college to a four-year college.
“The scholarshiop recipients of SACU’s program will be students who are primef for success in completingva bachelor’s degree at a four-year college or university,” Farver “SACU wants to be thers to support their move into the next stage of their education.” Programm applications and details about qualifications can be foundx at the credit union’s Web site at then click on the NEW icon on the home Applications must be submitted and postmarked by May 10. Names of the scholarship recipients will be announcexin June. SACU has $2.7 billion in assets, more than 100 and 17 full-service branches in San Antonio and one branchyin Houston.
Field technicians oftebn put out fires to get the job But one installation and repair tech for literally foune himself in such aspot recently. Gary Schroeder was finishingg a call inRed Rock, locate d east of Austin, when he saw voluntee firefighters battling a blaze at a mobile The 25-foot flames had spread to nearbgy brush, menacing other residences. “I knew if we didn’t have a fast it would have spread toother structures,” Schroeder says. “It couled have been a real disaster.” So, Schroedetr — the chaplain of the Gonzales Volunteer FireDepartment — jumpef out to assist, even though the fire was miles from his department’s territory.
He helped the three other firefighters on the scense contain the blaze and keep it from spreadinv toother houses. Fortunately, no one was injured, but Schroedeer knows things could have turnedout worse. Additionakl trucks from the Five Points Volunteer Fire Departmen that serves RedRock didn’t arrivde until 20 minutes later. “The house was on the ground by the time the rest of the unitagot there,” he says. Chief Kevin Giesalhartt of the Five Points Voluntee Fire Department sent GVTC a letter praising Schroeder for goingv above and beyond hiscivic duty. “Ww are indebted to him,” the chievf said in the letter.
“Your company should be proucd to have this type of perso n inyour employ, and I hope that you will give him our sincerew thanks for a job well done.” Headquartered in Smithson GVTC is a comprehensive communicationws provider with offerings that include cable TV, high-speed Internet, long-distance, advanced data servicex and more. Efficient refrigeration is a necessitt forfoodservice companies, including Edible Arrangements.
Sunday, October 2, 2011
Sprint releases LG Marquee video overview - Ubergizmo
epukaq.wordpress.com
G 4 Games | Sprint releases LG Marquee video overview Ubergizmo Just like with the Motorola Admiral last week, Sprint has silently uploaded a new phone overview video on YouTube again. This time around, it's the upcoming LG Marquee Android device. Touted as a “high style slim smartphone with a brilliant high ... Sprint Details LG Marquee In New Overview Video LG Marquee Detailed on Video, To Come Riding Sprint (Sprint's LG Optimus Black) LG Marquee - Release Date, Specs - Overview |
Friday, September 30, 2011
Wednesday, September 28, 2011
Michaels Stores to lay off 100 - Dallas Business Journal:
ra-iwinyro.blogspot.com
In the letter, Michaels says the staff reductions will take place at its corporatee facility at 8000 Bent Branch with the first date of separation occurring onMarch 27. No reaso n was provided in the letter for the staffing Michaels Stores deepened its loss duringg the most recent third quarter ondeclining sales. Michaels reported a $20 milliom loss on sales of $906 millionj during the third quarter, which ended Nov. 1. That compares to a loss of $18 million on salesa of $934 million during the same quarter the year Duringthe quarter, same-store sales, or salezs at stores open for more than one year, also fell 6.5 percenft when compared to the third quarter of 2007.
Michaels also inked a deal with Tata Consultanch Services to partner with the agency in handlinvcertain in-house functions such as information information services and accounts payable
In the letter, Michaels says the staff reductions will take place at its corporatee facility at 8000 Bent Branch with the first date of separation occurring onMarch 27. No reaso n was provided in the letter for the staffing Michaels Stores deepened its loss duringg the most recent third quarter ondeclining sales. Michaels reported a $20 milliom loss on sales of $906 millionj during the third quarter, which ended Nov. 1. That compares to a loss of $18 million on salesa of $934 million during the same quarter the year Duringthe quarter, same-store sales, or salezs at stores open for more than one year, also fell 6.5 percenft when compared to the third quarter of 2007.
Michaels also inked a deal with Tata Consultanch Services to partner with the agency in handlinvcertain in-house functions such as information information services and accounts payable
Monday, September 26, 2011
Levant Power Develops Green Shock Absorber With Autodesk Simulation Software - MarketWatch (press release)
fixyruw.wordpress.com
Levant Power Develops Green Shock Absorber With Autodesk Simulation Software MarketWatch (press release) While refining GenShock technology over the past year, Levant obtained Autodesk Simulation CFD and Autodesk Simulation Mechanical software as part of its membership in the Autodesk Clean Tech Partner Program to improve the efficiency of its technology ... |
Saturday, September 24, 2011
5 Who Thrive: Four key changes enabled SuperGeeks to prosper - Business First of Columbus:
vickreyafolori1839.blogspot.com
Hawaii-based opened three new computer service and repairf centerslast month, one each on Maui, Oahu and the Big bringing the total to seven locationsw statewide. He expects revenues to exceed $1.8 million this up almost 40 percent from twoyearsw ago. Kerr, who founded the business in 1998, creditds most of the success to four changed he made in running the company asits CEO: • Hiriny a chief operating officer. • Hiring businesss consultants. • Improving hiringt standards. • Tapping into customefr feedback. Last August, Kerr hired Elena Ledou x to handle day-to-day operationsw as chief operating officer.
“I see good companiez as having three legs the evangelizer, or workers to do the and management to handle daily Kerr said. “We were sort of limping along on Ledoux, a lawyer who is based at the main servicse center at2304 S. King St., oversees SuperGeeks’ stafg of 25 and is implementing ways to measuredaily performance. That enables her to reward employees when goalzs are met and address issues when theyare not. “We’vd learned how to keep Kerr said.
“We measure everything from performancerper technician, warranty rates per turnaround time, customer We measure it, post it and make the team aware of SuperGeeks services computer systems at customers’ homesz and offices as well as at its Hourly rates range between $60 and $130. Half its businesxs comes from direct consumers and half is from corporate customers who outsource their informatiomn technology supportto SuperGeeks. Arounxd the same time that he hired Ledoux, Kerr said he soughft outside business help from twolocal consultants.
“I’m not a big fan of but sometimes your vision is restrictedwhen you’ves been in the business for so long,” he SuperGeeks has been workinhg with Ron Martin of , who refere to himself as a sales instead of consultant, and Mike Hulser, who runs , a Honolulu management and financial consulting firm. “Ron’s a top-of-the-line guy and Mike’ws a bottom-line guru,” Kerr “I brought them on becausee I want to spongerwhat they’ve learned and help our company develop a sensew for learning. Their impact has been For example, he said Martinh has helped set daily goals andaction plans.
He also helped to createw an incentive program for employees to reware performance and create a sense of accountability for Kerr said Hulser has brought aCFO mind-seft to the company. “We want to conquer the but we have to do it with a very stablfinancial footing,” Kerr said. “Having the dream and ambitiob is just one partof it.” He said one of his biggesyt challenges has been to deliver consistent qualituy to customers and the key is hirin g high-quality workers.
Hawaii-based opened three new computer service and repairf centerslast month, one each on Maui, Oahu and the Big bringing the total to seven locationsw statewide. He expects revenues to exceed $1.8 million this up almost 40 percent from twoyearsw ago. Kerr, who founded the business in 1998, creditds most of the success to four changed he made in running the company asits CEO: • Hiriny a chief operating officer. • Hiring businesss consultants. • Improving hiringt standards. • Tapping into customefr feedback. Last August, Kerr hired Elena Ledou x to handle day-to-day operationsw as chief operating officer.
“I see good companiez as having three legs the evangelizer, or workers to do the and management to handle daily Kerr said. “We were sort of limping along on Ledoux, a lawyer who is based at the main servicse center at2304 S. King St., oversees SuperGeeks’ stafg of 25 and is implementing ways to measuredaily performance. That enables her to reward employees when goalzs are met and address issues when theyare not. “We’vd learned how to keep Kerr said.
“We measure everything from performancerper technician, warranty rates per turnaround time, customer We measure it, post it and make the team aware of SuperGeeks services computer systems at customers’ homesz and offices as well as at its Hourly rates range between $60 and $130. Half its businesxs comes from direct consumers and half is from corporate customers who outsource their informatiomn technology supportto SuperGeeks. Arounxd the same time that he hired Ledoux, Kerr said he soughft outside business help from twolocal consultants.
“I’m not a big fan of but sometimes your vision is restrictedwhen you’ves been in the business for so long,” he SuperGeeks has been workinhg with Ron Martin of , who refere to himself as a sales instead of consultant, and Mike Hulser, who runs , a Honolulu management and financial consulting firm. “Ron’s a top-of-the-line guy and Mike’ws a bottom-line guru,” Kerr “I brought them on becausee I want to spongerwhat they’ve learned and help our company develop a sensew for learning. Their impact has been For example, he said Martinh has helped set daily goals andaction plans.
He also helped to createw an incentive program for employees to reware performance and create a sense of accountability for Kerr said Hulser has brought aCFO mind-seft to the company. “We want to conquer the but we have to do it with a very stablfinancial footing,” Kerr said. “Having the dream and ambitiob is just one partof it.” He said one of his biggesyt challenges has been to deliver consistent qualituy to customers and the key is hirin g high-quality workers.
Thursday, September 22, 2011
Collegiate appoints board members - Business First of Louisville:
ocybakenos.wordpress.com
• Nelea Absher, vice president and associate general • Anne-Marie Brown, • Suzanne Oldham, founder, • Tuffhy Wood, managing director, Morgan Keegan & Co. Cindy Skarbek, director of the Bashar Masri, director and senior engineef of . Four trustees were reappointed tothe school’sd board. They are: • Marine managemenft consultantBarker Price, who will serve as boardx president for the 2009-10 school year; • Merrell Wall Grant, generapl manager of the Monogram line for , and 1974 who will serve as vice • Former Brown-Forman vice chairwoman and CFO Phoebde Wood, who will serve as and • Former management consultang Leslie Geoghegan, who will serve as secretary.
Corrie Nichols, presidenyt of the Louisville Collegiatee SchoolParents Association, will serve as parent representative on the Former Brown-Forman president Bill whose term on the board was named a director emeritus.
• Nelea Absher, vice president and associate general • Anne-Marie Brown, • Suzanne Oldham, founder, • Tuffhy Wood, managing director, Morgan Keegan & Co. Cindy Skarbek, director of the Bashar Masri, director and senior engineef of . Four trustees were reappointed tothe school’sd board. They are: • Marine managemenft consultantBarker Price, who will serve as boardx president for the 2009-10 school year; • Merrell Wall Grant, generapl manager of the Monogram line for , and 1974 who will serve as vice • Former Brown-Forman vice chairwoman and CFO Phoebde Wood, who will serve as and • Former management consultang Leslie Geoghegan, who will serve as secretary.
Corrie Nichols, presidenyt of the Louisville Collegiatee SchoolParents Association, will serve as parent representative on the Former Brown-Forman president Bill whose term on the board was named a director emeritus.
Monday, September 19, 2011
Higgins wants more NYPA funds in WNY - New Mexico Business Weekly:
esivyjifag.wordpress.com
The Buffalo Democrat, a frequent criticd of the , which oversees the plant, has askexd the state to turn over 36 percent of net revenue for economic development and tourism effortsin Niagara, Chautauqua and Orleans counties. That would amountf to some $65 million per year, Higgins and could create 14,000 jobs in five yearx time. "This community must stand up and claim what isnaturally ours,” he said. “Like Florids profits from its sunshine and California profits from itsPacificx surf, Western new York must demand our right to benefiyt from our lake that feeds our river, which generates the power produceds by Niagara falls.
” According to in 2008 NYPA had a surplus of $309 over 75 percent that was directly attributable to the Niagara Powefr Project in Lewiston. He the state agency’s own study founcd that only 14 percent of the economic benefit derivexd from that plant remains in WesternhNew York. In a letter to both Gov. Davicd Paterson and NYPA President and CEORicharf Kessel, Higgins outlined his plan. Amon the projects noted is developmentof Buffalo’sz waterfront, including the Inner Harbor area, as well as the Darwinm Martin House, Albright-Knox Art Gallery and Buffalo Zoo.
The Buffalo Democrat, a frequent criticd of the , which oversees the plant, has askexd the state to turn over 36 percent of net revenue for economic development and tourism effortsin Niagara, Chautauqua and Orleans counties. That would amountf to some $65 million per year, Higgins and could create 14,000 jobs in five yearx time. "This community must stand up and claim what isnaturally ours,” he said. “Like Florids profits from its sunshine and California profits from itsPacificx surf, Western new York must demand our right to benefiyt from our lake that feeds our river, which generates the power produceds by Niagara falls.
” According to in 2008 NYPA had a surplus of $309 over 75 percent that was directly attributable to the Niagara Powefr Project in Lewiston. He the state agency’s own study founcd that only 14 percent of the economic benefit derivexd from that plant remains in WesternhNew York. In a letter to both Gov. Davicd Paterson and NYPA President and CEORicharf Kessel, Higgins outlined his plan. Amon the projects noted is developmentof Buffalo’sz waterfront, including the Inner Harbor area, as well as the Darwinm Martin House, Albright-Knox Art Gallery and Buffalo Zoo.
Saturday, September 17, 2011
Donnelley gets OK to use cash - Triangle Business Journal:
vuwodu.wordpress.com
Judge Kevin Gross of the U.S. Bankruptc Court in Wilmington, on June 1 granterd R.H. Donnelley (OTC:RHDC) authority to access more than $300 milliob of its available cash to ensure continued supply of products toits customers. "Thd relief granted yesterday ensures R.H. Donnelley can continue businessw as usual as we take steps to restructurdthe company's balance sheet and place R.H. Donnelleu on a more solid financial foundation," Davir C. Swanson, chairman and chief executive officeeof R.H. Donnelley, said in a written statement.
The company addeed that the judge also granted othercustomary "first day hearing" including motions to continur paying employee wages and benefits and to honot obligations to the firm's R.H. Donnelley, which employs 450 people in Cary and filed for Chapter 11 bankruptcy onMay 28, 2009.
Judge Kevin Gross of the U.S. Bankruptc Court in Wilmington, on June 1 granterd R.H. Donnelley (OTC:RHDC) authority to access more than $300 milliob of its available cash to ensure continued supply of products toits customers. "Thd relief granted yesterday ensures R.H. Donnelley can continue businessw as usual as we take steps to restructurdthe company's balance sheet and place R.H. Donnelleu on a more solid financial foundation," Davir C. Swanson, chairman and chief executive officeeof R.H. Donnelley, said in a written statement.
The company addeed that the judge also granted othercustomary "first day hearing" including motions to continur paying employee wages and benefits and to honot obligations to the firm's R.H. Donnelley, which employs 450 people in Cary and filed for Chapter 11 bankruptcy onMay 28, 2009.
Thursday, September 15, 2011
Chick-fil-A to rebuild on Roadhouse site - Nashville Business Journal:
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The fast-food chain signed a 25-year leasd deal effective May 7 to take overa 10,000-square-foot shuttereed Roadhouse Grill near the corner of Michigan Street and Oranger Avenue, said Mary Hurley, real estates and leasing manager for landlord Chick-Fil-A’x plans include demolishing the existinvg building and building a 3,800-square-foot restaurant with Hurley told Orlando Businessx Journal. The companies involvec would not disclose financia details ofthe transaction. Jorgwe Rodriguez with in Orlandorepresented Orlando-based Pineloch in the deal.
Chick-fil-Aw was not represented by a Chick-fil-A is slated to meet with the cityof Orlando’a engineer for a pre-construction meeting this week, Hurleuy said. Roadhouse Grill in May 2008 convertedc from Chapter 11 bankruptcy protectio n to Chapter7 liquidation, closing restaurants in Daytona Longwood, Orlando, Titusville and Winter Park.
The fast-food chain signed a 25-year leasd deal effective May 7 to take overa 10,000-square-foot shuttereed Roadhouse Grill near the corner of Michigan Street and Oranger Avenue, said Mary Hurley, real estates and leasing manager for landlord Chick-Fil-A’x plans include demolishing the existinvg building and building a 3,800-square-foot restaurant with Hurley told Orlando Businessx Journal. The companies involvec would not disclose financia details ofthe transaction. Jorgwe Rodriguez with in Orlandorepresented Orlando-based Pineloch in the deal.
Chick-fil-Aw was not represented by a Chick-fil-A is slated to meet with the cityof Orlando’a engineer for a pre-construction meeting this week, Hurleuy said. Roadhouse Grill in May 2008 convertedc from Chapter 11 bankruptcy protectio n to Chapter7 liquidation, closing restaurants in Daytona Longwood, Orlando, Titusville and Winter Park.
Tuesday, September 13, 2011
Equifax: Small biz bankruptcies double in March - Nashville Business Journal:
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Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Calif. Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearlu doubled in March 2009 fromMarch 2008, Equifax noted. "Thse March numbers provide a snapshotof what's been happening to the smalkl business sector during this perios of economic turmoil," said Reza head of Equifax's North American Commercial Analytical Services Group, in a news release. "Not surprisingly, the highestr number of small-business bankruptcies are in those partas of the country where home pricez havedecreased dramatically, unemployment has increased and credit has becomse tighter.
" For the analysis, Equifax analyzed both Chaptefr 7 and Chapter 13 filings. Chapter 7 is a liquidation proceedingv in which a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcy enabling filers to pay off debt over a set periodrof years. Equifax reviewed and analyzedd small business datafor March, the most recengt month for which complete data is available.
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Calif. Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commercial bankruptcies nearlu doubled in March 2009 fromMarch 2008, Equifax noted. "Thse March numbers provide a snapshotof what's been happening to the smalkl business sector during this perios of economic turmoil," said Reza head of Equifax's North American Commercial Analytical Services Group, in a news release. "Not surprisingly, the highestr number of small-business bankruptcies are in those partas of the country where home pricez havedecreased dramatically, unemployment has increased and credit has becomse tighter.
" For the analysis, Equifax analyzed both Chaptefr 7 and Chapter 13 filings. Chapter 7 is a liquidation proceedingv in which a debtor receives a discharge of all while Chapter 13 is a reorganization bankruptcy enabling filers to pay off debt over a set periodrof years. Equifax reviewed and analyzedd small business datafor March, the most recengt month for which complete data is available.
Sunday, September 11, 2011
House keeps cork in wine bill - Houston Business Journal:
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Senate Bill 2523, authored by Sen. Tommy Williams R-The Woodlands, quietly cleared the Texas Senate late last montnbut isn’t expected to advance. The sessioh ends June 1. The bill has proven controversialp within therestaurant industry. Rep. Edmonds Kuempel, R-Seguin, the bill’s sponsoer in the House, suffered a massive heartf attack the day the bill was slated for vote in the Houssin mid-May.
Kuempel is recuperating, but supporters don’t expecft the bill will make it out of committese in the waning days of the Jerry Lasco is ready for the bill to be The ownerof , with locations in Houston and considered the measure an inappropriate intrusion into his business judgment and a threat to his wine-centric busines model. “We sell retail as so our pricing is basedc onretail pricing,” Lasco said. “Fotr our business to survive, our pricee have to be competitive, and we have to do a large volume” of wine sales. Lascok believes restaurants should have the option of allowing or not allowing patrons to bringy in theirown wine.
Under the bill, restaurantw would have been allowed to charges a corkage fee for opening and serving the but the consumer couldtake what’s left afte r meal ends. The bill did not include beer or othealcoholic beverages.
Senate Bill 2523, authored by Sen. Tommy Williams R-The Woodlands, quietly cleared the Texas Senate late last montnbut isn’t expected to advance. The sessioh ends June 1. The bill has proven controversialp within therestaurant industry. Rep. Edmonds Kuempel, R-Seguin, the bill’s sponsoer in the House, suffered a massive heartf attack the day the bill was slated for vote in the Houssin mid-May.
Kuempel is recuperating, but supporters don’t expecft the bill will make it out of committese in the waning days of the Jerry Lasco is ready for the bill to be The ownerof , with locations in Houston and considered the measure an inappropriate intrusion into his business judgment and a threat to his wine-centric busines model. “We sell retail as so our pricing is basedc onretail pricing,” Lasco said. “Fotr our business to survive, our pricee have to be competitive, and we have to do a large volume” of wine sales. Lascok believes restaurants should have the option of allowing or not allowing patrons to bringy in theirown wine.
Under the bill, restaurantw would have been allowed to charges a corkage fee for opening and serving the but the consumer couldtake what’s left afte r meal ends. The bill did not include beer or othealcoholic beverages.
Friday, September 9, 2011
David Rodriguez brings his fashions to Stage Stores - Houston Business Journal:
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Rodriguez’ designs has been featured on “Sex and the “The Devil Wears Prada” and “Friends,” and have been worn by celebritiee including Oprah Winfrey and EvaLongoria Parker. Houston-basedr Stage Stores (NYSE: SSI) operates undetr the Bealls, Palais Royal, Peebles and Stage names. The by D. Rodriguez” collection is the first line of clothing designedr specifically forthe chain, said Kim Bell, a spokeswoman for the Stage Stores. Most of the items cost less than $45, she In the Houston area, the line will be availabl in 21 PalaisRoyal stores.
Rodriguez will be in town on June 24 at the CincopRanch store, and on June 25 at the Meyerlandc and Pearland stores for informal fashion shows. Rodriguez’sd line also will be carriedd by Bealls and Stage stores and will be sold in a total of100 stores.
Rodriguez’ designs has been featured on “Sex and the “The Devil Wears Prada” and “Friends,” and have been worn by celebritiee including Oprah Winfrey and EvaLongoria Parker. Houston-basedr Stage Stores (NYSE: SSI) operates undetr the Bealls, Palais Royal, Peebles and Stage names. The by D. Rodriguez” collection is the first line of clothing designedr specifically forthe chain, said Kim Bell, a spokeswoman for the Stage Stores. Most of the items cost less than $45, she In the Houston area, the line will be availabl in 21 PalaisRoyal stores.
Rodriguez will be in town on June 24 at the CincopRanch store, and on June 25 at the Meyerlandc and Pearland stores for informal fashion shows. Rodriguez’sd line also will be carriedd by Bealls and Stage stores and will be sold in a total of100 stores.
Tuesday, September 6, 2011
Helicos pins turnaround on cost cuts, partner search - Boston Business Journal:
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Officials at the Cambridge company hope cost cuts late last year and curren efforts to find a partner to take over the sales part of the business will put it on morefinancial footing. Helicod is the maker of the Helicos GeneticAnalysixs System, which has the capabilityy of reading long genetic sequenceas at a fraction of what it usually costs. This technologyg could make it easier to learj abouta person’s genetic makeup, including his or her predisposition to certain diseases.
The company has the supportr of big-name scientists — George Church, the and Massachusettsd Institute of Technology professor who helped initiatew the Human Genome Projectin 1984, sits on the company’s scientifivc advisory board. Helicos realized producr revenue for the first time in the first quarter of2009 $963,000 from the sale of one system to in late 2008. The companhy has sold a second justlast month, to an undisclosedf company in Maryland. Helicos has also placec a few systemsat institutions, including the Broadf Institute and the , on a “try beforr you buy” basis.
Officials at the Cambridge company hope cost cuts late last year and curren efforts to find a partner to take over the sales part of the business will put it on morefinancial footing. Helicod is the maker of the Helicos GeneticAnalysixs System, which has the capabilityy of reading long genetic sequenceas at a fraction of what it usually costs. This technologyg could make it easier to learj abouta person’s genetic makeup, including his or her predisposition to certain diseases.
The company has the supportr of big-name scientists — George Church, the and Massachusettsd Institute of Technology professor who helped initiatew the Human Genome Projectin 1984, sits on the company’s scientifivc advisory board. Helicos realized producr revenue for the first time in the first quarter of2009 $963,000 from the sale of one system to in late 2008. The companhy has sold a second justlast month, to an undisclosedf company in Maryland. Helicos has also placec a few systemsat institutions, including the Broadf Institute and the , on a “try beforr you buy” basis.
Sunday, September 4, 2011
City of Phoenix, Thomas J. Klutznick Co. win round one vs. Goldwater Institute over CityNorth tax subsidy - Phoenix Business Journal:
http://index-go.net/?f=0&n=1
The conservative research organization had filed a lawsuit to stop the city from proceedint witha $97.4 milliob tax subsidy it had awarded Klutznick for construction of the CityNorthb mixed-use project, near 56th Street and Loop 101. The Goldwater Institutr initiated the court action on behalf of sixbusiness owners, all claiminhg the financial arrangement between the private developerr and the municipality was unconstitutional and that they had not received similar benefits.
Maricopa County Superiort Court Judge RobertMilex ruled, however, that "the benefits of the agreement server a public purpose and, the first prong of the (state constitution's) gift clause analysis has been satisfied." The judge went on to say that the "contemplatee benefits, particularly the substantial tax revenues," were advantageous to the publivc and would not likely be realizerd on that site in any othert way. The Goldwater Institute intendd to appealthe decision. "The ruling creates such a gapinbg loophole in the Arizona Constitution that you could drivd a Mack truck throughit ...
a Mack truck filledd with taxpayer dollars," said Clint litigation director for the in anews release. The lawsuit arguedd that the Arizona Constitution forbids corporatr subsidies and that the agreement with Klutznick constitutes acorporatwe subsidy. The court ruling essentiaol agreed withthe city's claims that the projecrt will result in millions of dollars in tax revenuse when it is The first phase is schedulef to be completed in October.
"The revenue generated by CityNorth will allow us to better serve our communitgy with more police officers and In fact, we've already seen $2 million in new revenued from CityNorth, long before its completion," said Phoenix Mayor Phil Gordon in a news release. Klutznicok also issued a statemenft followingthe ruling. "The Goldwatetr Institute's claims that the gift clauses of the Arizona Constitution was violated were more mediza hype thanlegal substance," said Lisa attorney for the The CityNorth project is just east of the Desertt Ridge Marketplace. When built out, CityNorth will include 5.5 million squarde feet of retail, residential and offic space.
The company says it will generates $1.9 million a year in economic benefits and creatwnearly 20,000 new jobs.
The conservative research organization had filed a lawsuit to stop the city from proceedint witha $97.4 milliob tax subsidy it had awarded Klutznick for construction of the CityNorthb mixed-use project, near 56th Street and Loop 101. The Goldwater Institutr initiated the court action on behalf of sixbusiness owners, all claiminhg the financial arrangement between the private developerr and the municipality was unconstitutional and that they had not received similar benefits.
Maricopa County Superiort Court Judge RobertMilex ruled, however, that "the benefits of the agreement server a public purpose and, the first prong of the (state constitution's) gift clause analysis has been satisfied." The judge went on to say that the "contemplatee benefits, particularly the substantial tax revenues," were advantageous to the publivc and would not likely be realizerd on that site in any othert way. The Goldwater Institute intendd to appealthe decision. "The ruling creates such a gapinbg loophole in the Arizona Constitution that you could drivd a Mack truck throughit ...
a Mack truck filledd with taxpayer dollars," said Clint litigation director for the in anews release. The lawsuit arguedd that the Arizona Constitution forbids corporatr subsidies and that the agreement with Klutznick constitutes acorporatwe subsidy. The court ruling essentiaol agreed withthe city's claims that the projecrt will result in millions of dollars in tax revenuse when it is The first phase is schedulef to be completed in October.
"The revenue generated by CityNorth will allow us to better serve our communitgy with more police officers and In fact, we've already seen $2 million in new revenued from CityNorth, long before its completion," said Phoenix Mayor Phil Gordon in a news release. Klutznicok also issued a statemenft followingthe ruling. "The Goldwatetr Institute's claims that the gift clauses of the Arizona Constitution was violated were more mediza hype thanlegal substance," said Lisa attorney for the The CityNorth project is just east of the Desertt Ridge Marketplace. When built out, CityNorth will include 5.5 million squarde feet of retail, residential and offic space.
The company says it will generates $1.9 million a year in economic benefits and creatwnearly 20,000 new jobs.
Friday, September 2, 2011
MCW to recruit more minorities for health careers - The Business Review (Albany):
hihozeima.blogspot.com
million grant from the that will be used to increas e the number of minorities and othee disadvantaged individuals pursuingbiomedical careers. The program will recruitr college undergraduatesand first-year medical students from populationsx that are under-represented nationally in health-related sciences. The students will undertaked a 10-week period of hands-ojn laboratory experience during the summeer at theMedical College. Under the guidance of MedicalkCollege faculty, the students will develop investigative knowledg and skills, particularly in the areas of cardiovascular, pulmonary, hematologicv or sleep research.
The experience is intended to builcdvaluable skills, self-confidence and interest in the healtjh sciences, and aid the successful entry into graduate schook or medical school. Dr. Kenneth senior associate dean of academic affairs and professor of ophthalmology and pathology, and Jeannette Vasquez-Vivar, associate professor of will lead the program, calles the Summer Research Education Program to Increase Diversit y in Health Related Research. “The goal is to work one-on-one with each student to help them map out a plan for advancin to the next step on their academicv path and providing them with the tools they need to get Simons said.
million grant from the that will be used to increas e the number of minorities and othee disadvantaged individuals pursuingbiomedical careers. The program will recruitr college undergraduatesand first-year medical students from populationsx that are under-represented nationally in health-related sciences. The students will undertaked a 10-week period of hands-ojn laboratory experience during the summeer at theMedical College. Under the guidance of MedicalkCollege faculty, the students will develop investigative knowledg and skills, particularly in the areas of cardiovascular, pulmonary, hematologicv or sleep research.
The experience is intended to builcdvaluable skills, self-confidence and interest in the healtjh sciences, and aid the successful entry into graduate schook or medical school. Dr. Kenneth senior associate dean of academic affairs and professor of ophthalmology and pathology, and Jeannette Vasquez-Vivar, associate professor of will lead the program, calles the Summer Research Education Program to Increase Diversit y in Health Related Research. “The goal is to work one-on-one with each student to help them map out a plan for advancin to the next step on their academicv path and providing them with the tools they need to get Simons said.
Wednesday, August 31, 2011
Flood of WikiLeaks cables includes identities of dozens of informants - CNN International
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Ha'aretz | Flood of WikiLeaks cables includes identities of dozens of informants CNN International (CNN) -- A torrent of leaked US diplomatic cables obtained by the anti-secrecy group WikiLeaks has been published in the last few days, with at least 170 of them naming sources whose identity was meant to be protected, ... Latest Wikileaks State Department Cable Dump Includes Names of Confidential ... |
Monday, August 29, 2011
N.Y Attorney General ends BofA probe - Atlanta Business Chronicle:
authors-morphology.blogspot.com
Cuomo said the banks have and will continu e to provide liquidityto investors. Last October, agreed to buy back as much as $4.7 billiom in auction-rate securities it sold to about 5,500 investors, small businesses and small charities befored the market collapsed inFebruarg 2008. According to the Securities andExchange Commission, the settlement also required BofA to “use its best efforts” to provids up to $5 billion in liquidity to businessed and institutional investors with accounts valuec at $15 million or more, and charitied with accounts valued at $25 million or The agreement resolved allegations that securitie dealers made misrepresentations to customers durin g sales of auction-rate securities about their safetgy and liquidity.
Auction-rate securities have interesy rates that are reset at weekly or monthlyt auctions run byinvestment firms. The $330 billionn market collapsed last year, when investors becamw alarmed at the prospects of the ability of corporatre borrowers covering debt service on the Many were left with securities they coul d not sell intothe market. Charlotte, N.C.-based BofA BAC) neither admitted nor denied wrongdoing. The SEC also has finalizex a settlement with BofA overthe securities.
Cuomo said the banks have and will continu e to provide liquidityto investors. Last October, agreed to buy back as much as $4.7 billiom in auction-rate securities it sold to about 5,500 investors, small businesses and small charities befored the market collapsed inFebruarg 2008. According to the Securities andExchange Commission, the settlement also required BofA to “use its best efforts” to provids up to $5 billion in liquidity to businessed and institutional investors with accounts valuec at $15 million or more, and charitied with accounts valued at $25 million or The agreement resolved allegations that securitie dealers made misrepresentations to customers durin g sales of auction-rate securities about their safetgy and liquidity.
Auction-rate securities have interesy rates that are reset at weekly or monthlyt auctions run byinvestment firms. The $330 billionn market collapsed last year, when investors becamw alarmed at the prospects of the ability of corporatre borrowers covering debt service on the Many were left with securities they coul d not sell intothe market. Charlotte, N.C.-based BofA BAC) neither admitted nor denied wrongdoing. The SEC also has finalizex a settlement with BofA overthe securities.
Friday, August 26, 2011
Companies that adapt - bizjournals:
ymekovo.wordpress.com
The 40-employee company asked its employeea for input on the cuts and the overwhelmingresponsse was: We’d rather have pay cuts than The company decided to tier paycuts so management receiverd 20 percent cuts and lower-level employees would get less significantt cuts. Those making less than $60,000 a year took no cut. “Wer let the people who really need the mone ykeep it. And top management took the biggest said CEOVito Palmieri. “That was reallgy well received.” The company, knowj by its acronym EASi — also tied the pay cuts to revenue targets.
After a dreadful October, the companyu made its fourth-quarter targets by a couplde hundred bucks at theeleventuh hour. “The first time, we made it and everybody cheered,” Palmieri said. The company wasn’tt as lucky in the firsrt quarter of this year and had to ultimately implement the salary But Palmieri said in working to minimize impacton employees, the companyh has earned goodwill. “We haven’t lost said Palmieri. “And in fact, it’ been a morale booster becausd everybody feelslike they’re part of something.” Palmieri said takingv care of the company’s people is an important businessx strategy.
To that end, the compangy offers 100 percent health care for its employee s andtheir families. “It costs us 9 percen t of salaryso it’s not cheap, but it’ws unique today and sends a signal that we’ll do whatever we can to take care of Palmieri said. The company still faces challenges. Palmierii said EASi has had to work harder and take longer to closesnew business. But the companyt has managed through, raising a $300,000 roun of funding at the start of the downturnhfrom friends, family and employees to act as a cushiohn and directing its sales force to focue on regional banks.
“Focusing on segments that can affordx your product right now isvery important,” Palmiero said. But the real key to managintg throughthe recession, Palmieri said: “Keeping the moraled up. Keeping people motivated is very much partof it.”
The 40-employee company asked its employeea for input on the cuts and the overwhelmingresponsse was: We’d rather have pay cuts than The company decided to tier paycuts so management receiverd 20 percent cuts and lower-level employees would get less significantt cuts. Those making less than $60,000 a year took no cut. “Wer let the people who really need the mone ykeep it. And top management took the biggest said CEOVito Palmieri. “That was reallgy well received.” The company, knowj by its acronym EASi — also tied the pay cuts to revenue targets.
After a dreadful October, the companyu made its fourth-quarter targets by a couplde hundred bucks at theeleventuh hour. “The first time, we made it and everybody cheered,” Palmieri said. The company wasn’tt as lucky in the firsrt quarter of this year and had to ultimately implement the salary But Palmieri said in working to minimize impacton employees, the companyh has earned goodwill. “We haven’t lost said Palmieri. “And in fact, it’ been a morale booster becausd everybody feelslike they’re part of something.” Palmieri said takingv care of the company’s people is an important businessx strategy.
To that end, the compangy offers 100 percent health care for its employee s andtheir families. “It costs us 9 percen t of salaryso it’s not cheap, but it’ws unique today and sends a signal that we’ll do whatever we can to take care of Palmieri said. The company still faces challenges. Palmierii said EASi has had to work harder and take longer to closesnew business. But the companyt has managed through, raising a $300,000 roun of funding at the start of the downturnhfrom friends, family and employees to act as a cushiohn and directing its sales force to focue on regional banks.
“Focusing on segments that can affordx your product right now isvery important,” Palmiero said. But the real key to managintg throughthe recession, Palmieri said: “Keeping the moraled up. Keeping people motivated is very much partof it.”
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