Wednesday, September 28, 2011

Michaels Stores to lay off 100 - Dallas Business Journal:

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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)

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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 ...



and more »

Saturday, September 24, 2011

5 Who Thrive: Four key changes enabled SuperGeeks to prosper - Business First of Columbus:

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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:

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• 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:

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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:

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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.

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.

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.

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.

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.

Sunday, September 4, 2011

City of Phoenix, Thomas J. Klutznick Co. win round one vs. Goldwater Institute over CityNorth tax subsidy - Phoenix Business Journal:

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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):

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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.