manuscripts-shuwatu.blogspot.com
Business Journal: How do you expect the FDA’s approachy to regulation of medical devices to change underMargaret Hamburg? Hamburg has announced that she will stress the publif safety aspect of the FDA’s Ten years ago, people were concernede about getting medical devices to marketg and providing things to patients. Every persom working within the agency will now feel empowered to stop the marchhof technology. If there’s anything they see wherse there may be a risk the balancing is going to be I feel the emphasis will shift so technologg is viewed as the enemy rather thanthe solution. Business The 510(k) clearance process has come under intense scrutiny recently.
FDA scientists in January wrotd a letter to President Obama saying the approval procesxs for medicaldevices ‘has been corrupted and The FDA also has been asking for more data beforr approving devices. Do you expect to see reform of the process in thecoming years? Klepinski: The changee has been occurring for years. Therde has been an increasing lust for data on the part ofthe FDA. When you ask they will respondthat it’s because of the increasiny complexity of technology. I believe that statement is but also, just based on the pendulum swinginfgin Washington, and a sort of general conservative approach, they are afraid to make decisionsz without more and more data.
With the combination of that shifr in technology anddemeanorf … it’s worse for devicew companies getting products out, and worses for patients looking for solutions. Businesds Journal: The FDA in June created a ‘transparency task to make consumers more aware of the process it uses to approvde drugs andmedical devices. It’z even started a ‘transparency Some companies have expressed concerns that this process will lead to more clinica data being released tothe public. How do you thinkk this transparency initiative is likel to affectthe med-tech industry ? Klepinski: No comment.
Business Journal: The FDA has releasedc draft guidelines that describehow med-tech and drug companiesz should craft advertisements and marketing materials to avoid runnint afoul of regulations. These are nonbinding, for now. Med-techh companies don’t advertise to consumers in the same way drugcompaniea do; however, do you see anything in theswe guidelines that are likeluy to have a big impact on medical-device makers?? Klepinski: Any movement by the FDA to providw more guidance on advertising and promotiobn is welcome, but I don’t believw it’s dramatic.
Business Journal: Medical-device makers have been criticizee for dragging their heels when it comesto post-marketg studies. Do you see the FDA puttingh pressure on companies tocomplete post-market studiesa more quickly? Klepinski: It’s a long-time trene that’s not going away. I thinjk there was foot-dragging a decade ago, but that has dramaticall y shifted. In general, what the public has to understand is that when Congressdrafte legislation, it was not designes for continuous control of the products. The PMA (pre-market approval) was a one-timse event, and only in an extremwe case could itbe revoked.
There’s been pokingv at the edges of ways toimprovse that, without structural changes. It’s going to be here-and-there attempts.
Sunday, September 30, 2012
Friday, September 28, 2012
SunTrust raises $2.08B in Tier 1 capital - The Business Journal of the Greater Triad Area:
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SunTrust raised the capita through a andother measures. The commobn stock offering sold 124.2 million in sharez and raised $1.56 billionb in new capital. Through the combination of this equity offerinbg and the completion ofan “at-the-market" common stoc offering that raised $258 million, the company has raised $1.822 billion of Tier 1 common SunTrust also sold shares for a net after-tax gain of $70 Due to the completion of the $190 million of potential deferred tax assets unde Federal Reserve's Supervisory Capital Assessment Program (SCAP) "mored adverse" scenario will now contribute to the company'd Tier 1 common capital buffer requirement.
When combinesd with the offerings, these items total $2.08 billion, or 96 percenft of the $2.16 billion of Tier 1 common indicated bythe "The positive reaction to our stockl offering underscores what we believe to be the market'e confidence in SunTrust, our strategies and, our post-recession growth prospects," said Jamee M. Wells III, SunTrusr chairman and CEO, in a news Wells also noted that with lessthan $100 millioh remaining, the company has essentially completed its common equityg capital-generation obligations under SCAP. SunTrust has offices throughout thePiedmonrt Triad.
SunTrust raised the capita through a andother measures. The commobn stock offering sold 124.2 million in sharez and raised $1.56 billionb in new capital. Through the combination of this equity offerinbg and the completion ofan “at-the-market" common stoc offering that raised $258 million, the company has raised $1.822 billion of Tier 1 common SunTrust also sold shares for a net after-tax gain of $70 Due to the completion of the $190 million of potential deferred tax assets unde Federal Reserve's Supervisory Capital Assessment Program (SCAP) "mored adverse" scenario will now contribute to the company'd Tier 1 common capital buffer requirement.
When combinesd with the offerings, these items total $2.08 billion, or 96 percenft of the $2.16 billion of Tier 1 common indicated bythe "The positive reaction to our stockl offering underscores what we believe to be the market'e confidence in SunTrust, our strategies and, our post-recession growth prospects," said Jamee M. Wells III, SunTrusr chairman and CEO, in a news Wells also noted that with lessthan $100 millioh remaining, the company has essentially completed its common equityg capital-generation obligations under SCAP. SunTrust has offices throughout thePiedmonrt Triad.
Thursday, September 27, 2012
Recruiting Notes: Coggins de-commits from BC - ESPN (blog)
a-ee85aqa.blogspot.com
Recruiting Notes: Coggins de-commits from BC ESPN (blog) Coggins, a three-star receiver from Sacred Heart High School in Waterbury, Conn., feared he would lose his entire senior season because of recruiting violations committed by representatives of Naugatuck High School. Instead he received a four-game ... 2013 Recruit David Coggins Decommits From Boston College |
Wednesday, September 26, 2012
Portland-area economy weakens Q1 - South Florida Business Journal:
jiqatili.wordpress.com
percent, an accelerating decline compared tothe 13.5 percentr (revised) drop in the fourth quarteer of 2008. Of the nine indicatorw included inthe index, six declined said Tim Duy, director of the Oregojn Economic Forum and a UO adjunct assistanft professor, Labor market trends continue to deteriorate. Help-wantedd advertising in The Oregonian fell during the consistent with a decrease inhirinfg demand. Similarly, initial unemploymengt claims continuedto rise, reaching a month average of 16,819 Non-farm payrolls continue to fall as under the dual force s of increased layoffs and slack hiring demand; payrollw stand 3.
9 percent lower than year-ago The expected slowdown in lodging activity finally came to said Duy,with estimated lodging revenue (seasonally and inflation adjusted) down 15.4 percentf from the fourth quarter. Passenger traffic at Portlandf International Airport was effectively unchanger from the previous Housing markets weregenerally weaker. Housing saleas were effectively unchanged, while average days-on-market partially offsetting a particularly sharp rise in the fourthy quarterof 2008, attributable to the intensificatiomn of the financial crisis and unusual weathee conditions, said Duy.
Ongoing declines in the in point to continuedc economic deterioration in thePortland region, he Signs of stabilization are difficulg to find, he said; expectations for a firmingh of economic activity in the second half of 2009 are largelyg based on some tentative signsd of stability in the national economy. Moreover, the impact of fiscal and monetaryg policies should become more evidenrt as theyear progresses.
Still, the pace of the recovergy is expected to be subdued as the economy adjustas to an environment less dependenton debt-supported consumer spending
percent, an accelerating decline compared tothe 13.5 percentr (revised) drop in the fourth quarteer of 2008. Of the nine indicatorw included inthe index, six declined said Tim Duy, director of the Oregojn Economic Forum and a UO adjunct assistanft professor, Labor market trends continue to deteriorate. Help-wantedd advertising in The Oregonian fell during the consistent with a decrease inhirinfg demand. Similarly, initial unemploymengt claims continuedto rise, reaching a month average of 16,819 Non-farm payrolls continue to fall as under the dual force s of increased layoffs and slack hiring demand; payrollw stand 3.
9 percent lower than year-ago The expected slowdown in lodging activity finally came to said Duy,with estimated lodging revenue (seasonally and inflation adjusted) down 15.4 percentf from the fourth quarter. Passenger traffic at Portlandf International Airport was effectively unchanger from the previous Housing markets weregenerally weaker. Housing saleas were effectively unchanged, while average days-on-market partially offsetting a particularly sharp rise in the fourthy quarterof 2008, attributable to the intensificatiomn of the financial crisis and unusual weathee conditions, said Duy.
Ongoing declines in the in point to continuedc economic deterioration in thePortland region, he Signs of stabilization are difficulg to find, he said; expectations for a firmingh of economic activity in the second half of 2009 are largelyg based on some tentative signsd of stability in the national economy. Moreover, the impact of fiscal and monetaryg policies should become more evidenrt as theyear progresses.
Still, the pace of the recovergy is expected to be subdued as the economy adjustas to an environment less dependenton debt-supported consumer spending
Monday, September 24, 2012
Movie Gallery Inc. Company Profile | MOVI Company Information
kittredgeihuhyla1951.blogspot.com
We are the leading home video specialty retailer primarily focused on rurall andsecondary markets. We currently own and operate approximatelg 2,500 retail stores, located throughout North that rent andsell DVDs, videocassettes and video games. Our targeyt markets are small towns and suburban areas of citiex with populations generallybetween 3,000 and 20,00o where our primary competitors are typically independently owne d stores and small regional chains. We compete with the othedr two nationalchains (Blockbusterf and Hollywood) in approximately one-third of our store locations.
Since our initial public offering inAugusf 1994, we have grown from 97 storesz to our present size through acquisitions and new store openings. We believe we are the lowest cost operatofr among the leading national home video specialty retail We have developed and implemented a flexibles and disciplined business strategy that centeres on drivingrevenue growth, maximizingv store level productivity and profitability and minimizing operatint costs. By focusing on rural and secondaryu markets we are able to reduce our operatingt costs throughlower rents, flexible reduced labor costs, and economies of scale whil e simultaneously offering a large product assortment.
We are the leading home video specialty retailer primarily focused on rurall andsecondary markets. We currently own and operate approximatelg 2,500 retail stores, located throughout North that rent andsell DVDs, videocassettes and video games. Our targeyt markets are small towns and suburban areas of citiex with populations generallybetween 3,000 and 20,00o where our primary competitors are typically independently owne d stores and small regional chains. We compete with the othedr two nationalchains (Blockbusterf and Hollywood) in approximately one-third of our store locations.
Since our initial public offering inAugusf 1994, we have grown from 97 storesz to our present size through acquisitions and new store openings. We believe we are the lowest cost operatofr among the leading national home video specialty retail We have developed and implemented a flexibles and disciplined business strategy that centeres on drivingrevenue growth, maximizingv store level productivity and profitability and minimizing operatint costs. By focusing on rural and secondaryu markets we are able to reduce our operatingt costs throughlower rents, flexible reduced labor costs, and economies of scale whil e simultaneously offering a large product assortment.
Sunday, September 23, 2012
Giants clinch, celebrate, and keep focus: There are bigger and bigger goals ... - San Jose Mercury News (blog)
borislavamcoc.blogspot.com
Bleacher Report | Giants clinch, celebrate, and keep focus: There are bigger and bigger goals ... San Jose Mercury News (blog) Straight from tonight's Merc website (UNEDITED VERSION)/. This clinch was a cinch. Surely there will be heavy drama at some near point for the 2012 Giants, when the playoffs dawn and the pressure builds. Surely there will be weird a nd unscripted ... Barry Zito and San Francisco Giants Fans: Is There Hope for Reconciliation? |
Friday, September 21, 2012
New York Italian restaurant among newcomers to Congress Ave. - Austin Business Journal:
youngmanmeledero1636.blogspot.com
Mastrangelo is busy renovating a histori storefront at 908 Congress Avenue where later thissummet he’ll open Quattro Gatti, the second location of his family’sw famous Manhattan ristorante. “I’m a passionate person and I’mm very passionate about food,” Mastrangelo said. “Pretty much my whole life revolveaaround that. And when I came to Austin, I felt that this was a city that appreciateegood food, food that someone puts their heart and soul into.” Quattro Gatti isn’t the only culinaryu newcomer of late to downtown Congress.
Just steps away, the people behind local favorite El Chiles have reworked the space they opened last fall as El That initial concept offered breakfast andluncy but, based on demand, the owners recentlhy turned it into another El Chile Café y serving lunch and dinner and featuring a full bar. And a few blocksw south at 319 Congress, Apple Anniesw Café co-owners Love Nance and Sherr y Jameson aredebuting Annies, a dramatically expanded reimagining of their 25-year-old restaurant. The bistro-themesd eatery that now includes a full bar will be open daily from7 a.m.
to 2 serving customers everything from organi c breakfast omelets to late night meatloaf in achic Collectively, the new restaurants are adding to the cultur change at work on The Downtown Austin Alliance, the landlords and other groupa are collaborating in an ongoing effort to brinfg more retail and restaurants to downtown’s main thoroughfare. The a 24/7 Congress alive with commercde and serving as a model for the rest of Indeed it wasLinda Asaf, the DAA’s retail recruiter, who helped secure Quattro Gatti for Asaf ate at the Upper East Side restaurant—one of her favorites—onh a trip to New York last year and spokde with owner Remo Mastrangelo about the possibility of coming to Remo Mastrangelo, Gianfranco’s father, started Quattro Gattii in 1985.
The neighborhood-oriented restaurant is hailed by critics as one of the best of its kind in New According toZagat “the leisurely meals with treat-you-like-family service make this old-lins Upper East Side Italian feel like home to There’s a reason it’s been there forever: supporters say the food’sw fantastic.” Earlier this year, the Mastrangelo s began giving serious consideration to Austin.
They came down together and scouted spaces, agreeing that the Congresa location would be a great fit forthe “We had always heard good thinga about Austiin and we immediately had a good impression of the said Gianfranco Mastrangelo, who recently relocated Mastrangelo said if all goes as the 2,000-square-foot Quattro Gatti in Austin will be open by late July for luncgh and dinner. Because of his own passion for pizza, Mastrangel o said the restaurant will have a large brickj ovenfor wood-fired pizzas.
Other plates, like the traditionaol pasta, fish and meat dishes made famoud at the New York restaurant will also be on the Prices should range fromabout $13 to the
Mastrangelo is busy renovating a histori storefront at 908 Congress Avenue where later thissummet he’ll open Quattro Gatti, the second location of his family’sw famous Manhattan ristorante. “I’m a passionate person and I’mm very passionate about food,” Mastrangelo said. “Pretty much my whole life revolveaaround that. And when I came to Austin, I felt that this was a city that appreciateegood food, food that someone puts their heart and soul into.” Quattro Gatti isn’t the only culinaryu newcomer of late to downtown Congress.
Just steps away, the people behind local favorite El Chiles have reworked the space they opened last fall as El That initial concept offered breakfast andluncy but, based on demand, the owners recentlhy turned it into another El Chile Café y serving lunch and dinner and featuring a full bar. And a few blocksw south at 319 Congress, Apple Anniesw Café co-owners Love Nance and Sherr y Jameson aredebuting Annies, a dramatically expanded reimagining of their 25-year-old restaurant. The bistro-themesd eatery that now includes a full bar will be open daily from7 a.m.
to 2 serving customers everything from organi c breakfast omelets to late night meatloaf in achic Collectively, the new restaurants are adding to the cultur change at work on The Downtown Austin Alliance, the landlords and other groupa are collaborating in an ongoing effort to brinfg more retail and restaurants to downtown’s main thoroughfare. The a 24/7 Congress alive with commercde and serving as a model for the rest of Indeed it wasLinda Asaf, the DAA’s retail recruiter, who helped secure Quattro Gatti for Asaf ate at the Upper East Side restaurant—one of her favorites—onh a trip to New York last year and spokde with owner Remo Mastrangelo about the possibility of coming to Remo Mastrangelo, Gianfranco’s father, started Quattro Gattii in 1985.
The neighborhood-oriented restaurant is hailed by critics as one of the best of its kind in New According toZagat “the leisurely meals with treat-you-like-family service make this old-lins Upper East Side Italian feel like home to There’s a reason it’s been there forever: supporters say the food’sw fantastic.” Earlier this year, the Mastrangelo s began giving serious consideration to Austin.
They came down together and scouted spaces, agreeing that the Congresa location would be a great fit forthe “We had always heard good thinga about Austiin and we immediately had a good impression of the said Gianfranco Mastrangelo, who recently relocated Mastrangelo said if all goes as the 2,000-square-foot Quattro Gatti in Austin will be open by late July for luncgh and dinner. Because of his own passion for pizza, Mastrangel o said the restaurant will have a large brickj ovenfor wood-fired pizzas.
Other plates, like the traditionaol pasta, fish and meat dishes made famoud at the New York restaurant will also be on the Prices should range fromabout $13 to the
Thursday, September 20, 2012
Strickland: Plan for vote on slots flawed - Business First of Columbus:
meaning-sarajevo.blogspot.com
Senate President Bill Harris, R-Ashland, on Tuesdayh sent a letter to Stricklandd that included a draft of a joingt resolution to go forward on the video terminals througnha voter-approved constitutional amendment. The slote would be installed at up to seven locationx in the state to be determined by thehighesty bidders, not necessarily at Ohio’s seven horse racing tracks as underr Strickland’s plan. The letter and resolutionh come a dayafter Strickland, amid stalled talkx on the two-year budget cycle begun last called a potential ballot initiative “utterluy and totally unacceptable” he said, Ohio schools’ funding future woulrd be in voters’ hands.
Strickland in a presws conference on Tuesday saidthe plan, while an attempt to resolve the contentionb over the slots plan, “continuew to fall short of the legislature’ds responsibility to provide a balanced budget now.” “We cannotr budget a ballot initiative,” Strickland said. Absen t a final budget and undertemporarty budgets, Strickland estimated that the state’s $3.2 billionn deficit is widening by nearly $2 millioj a day.
That’s in part becauss some programs funded undera one-week temporaryu budget – in line for another one-week budget beginning Wednesday – will see reducedx or eliminated funding under the governor’s proposec framework. The only poiny of contention inthat framework, offered up nearlg three weeks ago, is the slots Strickland and others have said. The slots which the state has said coulr pullin $933 million over two years to help plug the budger hole, counts on the machines beingf operational by May 2010.
With that Harris wrote in Tuesday’s “there is adequate time to seek voter approvalo without impacting or delayinv the revenue upon which your budgegtframework depends.” Strickland said that whiles revenue from the slots themselvezs won’t hit state coffers until the state will see more than $400 million in licensing fees from the sevenn tracks this fall should the plan be A key piece of Harris’ letted states that the four-city casino initiative headede to the November ballot would limit all gambling to four “rendering any legislative enactment of at horse racing tracks moot.
” “In that the revenue on which you are countin for Ohio schools would evaporate,” Harris Strickland said Tuesday that the proposedr amendment for the $1 billion casinlo plan doesn’t tie his hands on the vide o slot machine plan – he said it strengthens his argument. A pieces of the casino amendment states that the plan will have no effecy on activities authorized under the lotter and bingo sections of theOhio constitution. Legislative approva of the video slots plan would be an expansion ofthe .
Senate President Bill Harris, R-Ashland, on Tuesdayh sent a letter to Stricklandd that included a draft of a joingt resolution to go forward on the video terminals througnha voter-approved constitutional amendment. The slote would be installed at up to seven locationx in the state to be determined by thehighesty bidders, not necessarily at Ohio’s seven horse racing tracks as underr Strickland’s plan. The letter and resolutionh come a dayafter Strickland, amid stalled talkx on the two-year budget cycle begun last called a potential ballot initiative “utterluy and totally unacceptable” he said, Ohio schools’ funding future woulrd be in voters’ hands.
Strickland in a presws conference on Tuesday saidthe plan, while an attempt to resolve the contentionb over the slots plan, “continuew to fall short of the legislature’ds responsibility to provide a balanced budget now.” “We cannotr budget a ballot initiative,” Strickland said. Absen t a final budget and undertemporarty budgets, Strickland estimated that the state’s $3.2 billionn deficit is widening by nearly $2 millioj a day.
That’s in part becauss some programs funded undera one-week temporaryu budget – in line for another one-week budget beginning Wednesday – will see reducedx or eliminated funding under the governor’s proposec framework. The only poiny of contention inthat framework, offered up nearlg three weeks ago, is the slots Strickland and others have said. The slots which the state has said coulr pullin $933 million over two years to help plug the budger hole, counts on the machines beingf operational by May 2010.
With that Harris wrote in Tuesday’s “there is adequate time to seek voter approvalo without impacting or delayinv the revenue upon which your budgegtframework depends.” Strickland said that whiles revenue from the slots themselvezs won’t hit state coffers until the state will see more than $400 million in licensing fees from the sevenn tracks this fall should the plan be A key piece of Harris’ letted states that the four-city casino initiative headede to the November ballot would limit all gambling to four “rendering any legislative enactment of at horse racing tracks moot.
” “In that the revenue on which you are countin for Ohio schools would evaporate,” Harris Strickland said Tuesday that the proposedr amendment for the $1 billion casinlo plan doesn’t tie his hands on the vide o slot machine plan – he said it strengthens his argument. A pieces of the casino amendment states that the plan will have no effecy on activities authorized under the lotter and bingo sections of theOhio constitution. Legislative approva of the video slots plan would be an expansion ofthe .
Wednesday, September 19, 2012
Kentucky PSC approves sale of Kentucky-American Water - Business First of Louisville:
ysynut.wordpress.com
The acquisition of Kentucky-American is part of RWE's $7.6 billioj purchase of Voorhees, N.J.-based American Water Workse Co. (NYSE: AWK), Kentucky-American's The Kentucky has placed 56 conditions on its approvapl ofthe acquisition, according to a news • Kentucky-American may not file for any rate increasee before March 16, 2004; customer service will be maintained at current or improve levels, with regular reports made to the PSC on service • no reductions will be made in Kentucky-American's work force for at least two years, other than planne reductions predating the • Kentucky-American's charitable giving and othet community service activities will remainn at levels comparable to those preceding the Kentucky American serves about 100,000 residential, commercialo and industrial customers in Fayette and six othedr counties in Kentucky.
Thames Wate r has seven days to accept the conditions listecd bythe PSC, the release said. RWE AG, based in Essen, is one of Germany's largest utility companies.
The acquisition of Kentucky-American is part of RWE's $7.6 billioj purchase of Voorhees, N.J.-based American Water Workse Co. (NYSE: AWK), Kentucky-American's The Kentucky has placed 56 conditions on its approvapl ofthe acquisition, according to a news • Kentucky-American may not file for any rate increasee before March 16, 2004; customer service will be maintained at current or improve levels, with regular reports made to the PSC on service • no reductions will be made in Kentucky-American's work force for at least two years, other than planne reductions predating the • Kentucky-American's charitable giving and othet community service activities will remainn at levels comparable to those preceding the Kentucky American serves about 100,000 residential, commercialo and industrial customers in Fayette and six othedr counties in Kentucky.
Thames Wate r has seven days to accept the conditions listecd bythe PSC, the release said. RWE AG, based in Essen, is one of Germany's largest utility companies.
Monday, September 17, 2012
Obama: Public plan would
ejyceh.wordpress.com
If insurance companies do provide good insurance to their then they should have nothing to fear froma government-rub competitor, he said. “Thety should be able to he said. If the publi plan is able to reduce administrative costs private insurers should take note and see if they can dothe “There shouldn’t be any objectionh to that,” Obama said. The public plan should be required to collect premiums, not be “simply eating off the taxpaye trough,” he added.
Healty insurers and many businessx groups contend a public plan wouled have an unfair advantage becausweit wouldn’t be subject to all the rulew imposed on private insurers and likelyu would pay health providersz less for their services. This could crowd out many privat e insurers and lead providers to charge private insurere more to make up for the lost income from thepublixc plan, they contend. When asked whether including a publi plan in health care reformkwas non-negotiable, the president said, “We are stilo early in this process.
“We have not drawn a line in the other than reform has tocontrol costs, and it has to providr relief to people who don’g have health insurance or are Obama also was asked what he thoughtg about the performance of Federal Reserve Chairmanb Ben Bernanke, given the fact his financialk regulatory reform plan proposes expanding the Fed’s authority. “I thin k he has done a very good job underd verydifficult circumstances,” Obamza said. All regulators fell short of doing what was needed to prevent thefinancial crisis, but the Fed “probablyg performed better than most,” he said. Sincew the financial crisis Bernankehas “performed very Obama said.
If insurance companies do provide good insurance to their then they should have nothing to fear froma government-rub competitor, he said. “Thety should be able to he said. If the publi plan is able to reduce administrative costs private insurers should take note and see if they can dothe “There shouldn’t be any objectionh to that,” Obama said. The public plan should be required to collect premiums, not be “simply eating off the taxpaye trough,” he added.
Healty insurers and many businessx groups contend a public plan wouled have an unfair advantage becausweit wouldn’t be subject to all the rulew imposed on private insurers and likelyu would pay health providersz less for their services. This could crowd out many privat e insurers and lead providers to charge private insurere more to make up for the lost income from thepublixc plan, they contend. When asked whether including a publi plan in health care reformkwas non-negotiable, the president said, “We are stilo early in this process.
“We have not drawn a line in the other than reform has tocontrol costs, and it has to providr relief to people who don’g have health insurance or are Obama also was asked what he thoughtg about the performance of Federal Reserve Chairmanb Ben Bernanke, given the fact his financialk regulatory reform plan proposes expanding the Fed’s authority. “I thin k he has done a very good job underd verydifficult circumstances,” Obamza said. All regulators fell short of doing what was needed to prevent thefinancial crisis, but the Fed “probablyg performed better than most,” he said. Sincew the financial crisis Bernankehas “performed very Obama said.
Sunday, September 16, 2012
Data Domain, Inc. Company Profile | DDUP Company Information
geqopimozaqyxyh.blogspot.com
Data Domain is a leading provider of Enterprise Protection Storage systemse for disk backupand network-based disaster Over 750 enterprises worldwidee use Data Domain
Data Domain is a leading provider of Enterprise Protection Storage systemse for disk backupand network-based disaster Over 750 enterprises worldwidee use Data Domain
Friday, September 14, 2012
Hawaii hotel room prices down 17% - Jacksonville Business Journal:
ibitasony.wordpress.com
Room rates, meanwhile, continue to slidse steeply. For the week ending June 6, statewidew occupancy was down 3.4 percentage points to 62.3 while room rates plunged 17.1 percent to average $162 a as compared with the same weekin 2008. • Oahu occupancgy inched up 0.3 percentage points to 71.4 while room rates plummeted 16.1 percent to • Maui occupancy dipped 4.2 percentage points to 57.2 while room rates fell 18.5 percent to $206; • Kauaui occupancy dove 17.9 percentage points to 53.3 percent, whil e room rates dropped 15.6 percent to and • Big Island occupancy slid 6.4 percentags points to 45.5 percent, whild room rates were off 14.5 percent at $150.
Nationally, hotepl occupancy was off 9.1 percentage pointx at 56.6 percent, whiled room rates were down 10.5 percent to $95. The weekly Hawaik hotel industry snapshot was surveyed byand .
Room rates, meanwhile, continue to slidse steeply. For the week ending June 6, statewidew occupancy was down 3.4 percentage points to 62.3 while room rates plunged 17.1 percent to average $162 a as compared with the same weekin 2008. • Oahu occupancgy inched up 0.3 percentage points to 71.4 while room rates plummeted 16.1 percent to • Maui occupancy dipped 4.2 percentage points to 57.2 while room rates fell 18.5 percent to $206; • Kauaui occupancy dove 17.9 percentage points to 53.3 percent, whil e room rates dropped 15.6 percent to and • Big Island occupancy slid 6.4 percentags points to 45.5 percent, whild room rates were off 14.5 percent at $150.
Nationally, hotepl occupancy was off 9.1 percentage pointx at 56.6 percent, whiled room rates were down 10.5 percent to $95. The weekly Hawaik hotel industry snapshot was surveyed byand .
Thursday, September 13, 2012
United Commercial Bank parent to buy Summit Bank Corp. - Sacramento Business Journal:
batyushkinuxit.blogspot.com
million in cash and stock, the two announced San Francisco-based UCBH (NASDAQ: is the parent of , which has more than $105 million in depositsd in Sacramento County. Summit Bank Corp. is the holdinfg company of , based in which has branches in Fremont and San Summit has five branches in metropolitah Atlanta and two in theSouth Bay. It also runs the in Housto and has a representative officwein Shanghai. On June 30 it had $656.7 milliojn in assets and $569.8 million in deposits. The boards of both companies have approvedthe deal, in which Summit Bank will merge with a subsidiarty of UCBH and Summit National Bank will merge into Unitex Commercial Bank. UCBH will issuse 4.
8 million of its own shares andpay $87.45 million in cash, plus about $800,00o0 related to the cash out of Summit'ds outstanding options. The deal should close in the firsty quarter ofnext year. It must be approvecd by SummitBank shareholders.
million in cash and stock, the two announced San Francisco-based UCBH (NASDAQ: is the parent of , which has more than $105 million in depositsd in Sacramento County. Summit Bank Corp. is the holdinfg company of , based in which has branches in Fremont and San Summit has five branches in metropolitah Atlanta and two in theSouth Bay. It also runs the in Housto and has a representative officwein Shanghai. On June 30 it had $656.7 milliojn in assets and $569.8 million in deposits. The boards of both companies have approvedthe deal, in which Summit Bank will merge with a subsidiarty of UCBH and Summit National Bank will merge into Unitex Commercial Bank. UCBH will issuse 4.
8 million of its own shares andpay $87.45 million in cash, plus about $800,00o0 related to the cash out of Summit'ds outstanding options. The deal should close in the firsty quarter ofnext year. It must be approvecd by SummitBank shareholders.
Wednesday, September 12, 2012
Done deal: Work begins on $4.2 billion chip fab - Pacific Business News (Honolulu):
titus-neither.blogspot.com
billion chip plant, the largest public/private industrial investmentt inthe state’s history. GlobalFoundries this week submitted a letter tothe , sealing an agreement that will reward the future chip maker with $650 million in cash to help builcd the $800 million building, and another $550 million in tax A deal to pay $7.8 million for the 223-acre locationh on the , about 25 miles north of was also finalized this Ground clearing—GlobalFoundries’ first actuao work on the site—is set to beginh Monday. It was delayed for severa l weeks whilethe company’s general contractor, , Gov.
David Paterson’sz office and trade organizations negotiated alabor agreement. The site work is the initial step ina two-year constructionm schedule that is expected to generate 5 milliom labor hours. in Scoti a won’t be bidding on any of the work for new chip fab planned in Neither willin Latham. Precision and Ambrose say they don'yt fit the mandates of the projectflabor agreement, or PLA, approved last week by the Calif.-based manufacturer.
The PLA requires that on 93% of the jobs, contractorsd will pay prevailing wagess and benefits to workers regardless of theirdunion affiliation, according to Prairie Wells, politicalo director of Bricklayers and Allied Craftworkers Local No. 2. The Albany trade group representsthe region’e unionized bricklayers, masons, tile settersa and plasterers. It was one of 14 unions representer bythe , the 12,000-member labor organization that signed off on the agreement, Wells Precision Glass doesn’t qualifh for the chip-fab project because it doesn’t offer a state-approver apprentice program. “We can’t bid it,” said owner Wayne Peper, whosew company had $5.
6 million in revenue in 2008. The majorityt of Precision’s work is The one-year program is a mandate of the agreemengtwith GlobalFoundries. Peper said the training is cost-prohibitivd for smaller companies suchas his. When open, or companies supplement withunion labor, they meet the requirementss because the trade organizations have state-approved apprentice said Wells, of the local bricklayers trade “We look at this is an opportunitty to provide the best-skilled she said.
Peter Will, who owns Ambrosd Electric, said his small company of 26 non-union employeee wouldn’t have qualified for a largw contract at the Malta chip fab becausethey don'r have an apprentice GlobalFoundries won’t comment on the specifics of the PLA, citing confidentiality between M+W Zander and the building trades. The companyh has confirmed that the majority of the workerss on the site willbe however. “Specialized” labor, such as building cleanrooms, representas 7 percent of the project’ work force. Those workers are exemptt fromthe PLA, Wells said. of Gloversville received the contracy to developthe 223-acre site.
Of the company’es approximately 350 employees, 250 are non-union and 100 are Tim Delaney, president of Delaney Group, said the termsz of the contract were negotiated befores the PLAwas finalized, but they are similatr to the PLA.
billion chip plant, the largest public/private industrial investmentt inthe state’s history. GlobalFoundries this week submitted a letter tothe , sealing an agreement that will reward the future chip maker with $650 million in cash to help builcd the $800 million building, and another $550 million in tax A deal to pay $7.8 million for the 223-acre locationh on the , about 25 miles north of was also finalized this Ground clearing—GlobalFoundries’ first actuao work on the site—is set to beginh Monday. It was delayed for severa l weeks whilethe company’s general contractor, , Gov.
David Paterson’sz office and trade organizations negotiated alabor agreement. The site work is the initial step ina two-year constructionm schedule that is expected to generate 5 milliom labor hours. in Scoti a won’t be bidding on any of the work for new chip fab planned in Neither willin Latham. Precision and Ambrose say they don'yt fit the mandates of the projectflabor agreement, or PLA, approved last week by the Calif.-based manufacturer.
The PLA requires that on 93% of the jobs, contractorsd will pay prevailing wagess and benefits to workers regardless of theirdunion affiliation, according to Prairie Wells, politicalo director of Bricklayers and Allied Craftworkers Local No. 2. The Albany trade group representsthe region’e unionized bricklayers, masons, tile settersa and plasterers. It was one of 14 unions representer bythe , the 12,000-member labor organization that signed off on the agreement, Wells Precision Glass doesn’t qualifh for the chip-fab project because it doesn’t offer a state-approver apprentice program. “We can’t bid it,” said owner Wayne Peper, whosew company had $5.
6 million in revenue in 2008. The majorityt of Precision’s work is The one-year program is a mandate of the agreemengtwith GlobalFoundries. Peper said the training is cost-prohibitivd for smaller companies suchas his. When open, or companies supplement withunion labor, they meet the requirementss because the trade organizations have state-approved apprentice said Wells, of the local bricklayers trade “We look at this is an opportunitty to provide the best-skilled she said.
Peter Will, who owns Ambrosd Electric, said his small company of 26 non-union employeee wouldn’t have qualified for a largw contract at the Malta chip fab becausethey don'r have an apprentice GlobalFoundries won’t comment on the specifics of the PLA, citing confidentiality between M+W Zander and the building trades. The companyh has confirmed that the majority of the workerss on the site willbe however. “Specialized” labor, such as building cleanrooms, representas 7 percent of the project’ work force. Those workers are exemptt fromthe PLA, Wells said. of Gloversville received the contracy to developthe 223-acre site.
Of the company’es approximately 350 employees, 250 are non-union and 100 are Tim Delaney, president of Delaney Group, said the termsz of the contract were negotiated befores the PLAwas finalized, but they are similatr to the PLA.
Monday, September 10, 2012
Study: Downturn will fuel litigation - San Antonio Business Journal:
ykyhola.blogspot.com
The blame game will prompt many oftheswe suits, the study contends. Of the U.S.-basexd companies participating inthis year’as survey, 34 percent expect to see what the studh calls a “run-up” in litigation involving theifr firms over the next 12 months. By 22 percent of respondents to the 2007 surveyh expected to see an increasein litigation. “This year’s survey appears to mark an inflection poinr for American business between the end of a prolonged period of prosperityt and the start of a period of economic challenge that is likely to fuel litigation over who is to blame and who shoul d pay forthe consequences,” said Stephen Dillard, chairt of Fulbright’s global litigation practice.
The latest litigation trendxs report is based on responses from 358 participatingtcompanies — including company official who serve as genera l or deputy-general counsels for their Of that pool, 251 respondents were U.S.-based firms. The surveyh was performed from May 22 throughn July 18 of this year during what Dillardcalls “the cusp of that from economic prosperity to the current economic The report covers litigation practices over the priodr 12-month period. Houston business research firm conducted the survey on behalf of Fulbright & Jaworski. The litigation trends report provides businesses with a snapshot of the currentglegal landscape, notes John Weber Jr.
, who is a partne r in the litigation practice of the San Antoniok office of Houston-based Fulbright & Jaworski. Given the timeframe in whic the surveywas conducted, Dillard said that the 2008 report highlightsx “both the evident calm beforer the storm, as well as the sense that disputew are on the The overall pace of activity in the U.S. declinex during the 2007-2008 survey period with 21 percentof U.S. companies stating that no new lawsuit s had been filedagainst them. By comparison, 17 percent of the firm s surveyed claimed there was no pending litigation against them duringthe 2006-2007u survey period. Of the U.S.
companies respondingy to the 2008 litigation trends survey, 45 percent reportedx spending at least $1 million annuallhy on litigation. In line with that 19 percent ofthe U.S.-based firmx stated that they were more likelyg to increase their in-house litigationj staff. Over the past 12 months, 12 percent of the insurance companies surveyed had already engagedf outside counsel regarding subprime lawsuitsor investigations. Elevenh percent of the financial services firmw surveyed had done this over thepast year.
Looking aheas to the next 12 months, 15 percent of the insurancwe firms and 22 percent of the financial servicesrespondentzs are, as the report “bracing themselves for a subprims action or investigation.” The survegy found that insurance companies were most vulnerabled to litigation — with at least 66 percent of thesw firms facing six or more new lawsuits. Next was the retailp industry, with 55 percent of this sector facinyg at least six new These top targets were followedby manufacturing, with 54 percenf of the companies facing six or more new and health care providers, with 52 percent of its businessese facing at least six new lawsuits.
As for the areas most ripe for the top three were labor andemployment matters, contract disputesx and personal injury cases. These areas also took the top threes spots inthe 2006-07 and the 2005-0 6 surveys, Weber says. Product liability, intellectual property/patents, insurance, environmental-toxic tort, class actions and professionalk services rounded out the top 10 categoriesof
The blame game will prompt many oftheswe suits, the study contends. Of the U.S.-basexd companies participating inthis year’as survey, 34 percent expect to see what the studh calls a “run-up” in litigation involving theifr firms over the next 12 months. By 22 percent of respondents to the 2007 surveyh expected to see an increasein litigation. “This year’s survey appears to mark an inflection poinr for American business between the end of a prolonged period of prosperityt and the start of a period of economic challenge that is likely to fuel litigation over who is to blame and who shoul d pay forthe consequences,” said Stephen Dillard, chairt of Fulbright’s global litigation practice.
The latest litigation trendxs report is based on responses from 358 participatingtcompanies — including company official who serve as genera l or deputy-general counsels for their Of that pool, 251 respondents were U.S.-based firms. The surveyh was performed from May 22 throughn July 18 of this year during what Dillardcalls “the cusp of that from economic prosperity to the current economic The report covers litigation practices over the priodr 12-month period. Houston business research firm conducted the survey on behalf of Fulbright & Jaworski. The litigation trends report provides businesses with a snapshot of the currentglegal landscape, notes John Weber Jr.
, who is a partne r in the litigation practice of the San Antoniok office of Houston-based Fulbright & Jaworski. Given the timeframe in whic the surveywas conducted, Dillard said that the 2008 report highlightsx “both the evident calm beforer the storm, as well as the sense that disputew are on the The overall pace of activity in the U.S. declinex during the 2007-2008 survey period with 21 percentof U.S. companies stating that no new lawsuit s had been filedagainst them. By comparison, 17 percent of the firm s surveyed claimed there was no pending litigation against them duringthe 2006-2007u survey period. Of the U.S.
companies respondingy to the 2008 litigation trends survey, 45 percent reportedx spending at least $1 million annuallhy on litigation. In line with that 19 percent ofthe U.S.-based firmx stated that they were more likelyg to increase their in-house litigationj staff. Over the past 12 months, 12 percent of the insurance companies surveyed had already engagedf outside counsel regarding subprime lawsuitsor investigations. Elevenh percent of the financial services firmw surveyed had done this over thepast year.
Looking aheas to the next 12 months, 15 percent of the insurancwe firms and 22 percent of the financial servicesrespondentzs are, as the report “bracing themselves for a subprims action or investigation.” The survegy found that insurance companies were most vulnerabled to litigation — with at least 66 percent of thesw firms facing six or more new lawsuits. Next was the retailp industry, with 55 percent of this sector facinyg at least six new These top targets were followedby manufacturing, with 54 percenf of the companies facing six or more new and health care providers, with 52 percent of its businessese facing at least six new lawsuits.
As for the areas most ripe for the top three were labor andemployment matters, contract disputesx and personal injury cases. These areas also took the top threes spots inthe 2006-07 and the 2005-0 6 surveys, Weber says. Product liability, intellectual property/patents, insurance, environmental-toxic tort, class actions and professionalk services rounded out the top 10 categoriesof
Sunday, September 9, 2012
Ruling on Coyotes move could come Wednesday - Houston Business Journal:
ekaterinaiuvo.blogspot.com
U.S. Bankruptcy Court Judge Redfield Baum struggled to stay on taskat Tuesday’sa hearing as attorneys representing Coyotes owner Jerry Moyes, the city of Glendale, the and otherf professional sports leagues delivered hours of oral arguments over bankruptcyy code, anti-trust law, relocation and other legalk issues. Baum and the myriac of attorneys delved into obscure bankruptcy provisions and past relocatione by teams including theOakland Raiders, San Diego Quebec Nordiques and Baltimore Baum focused on whether Balsillie will have to pay the NHL a relocatio n fee on top of his $213 million offer to buy the financially strapped Coyotes from Phoenixz trucking company owner Jerry The relocation fee could total as much as $100 million, coury documents indicate.
Baum appears ready to rule that the NHL has the righta to the Hamilton market and if the Coyotesw aremoved there, Balsillie will have to compensate the league for loss of an expansionh opportunity. The city of Glendale pressed Baum to conside r legal claims and costs that would accompany a move to That could offset an offer as lowas $140 millio by parties wanting to keep the team in city representatives said. Glendale officials said they would make a claim for as muchas $500 million if the team breaksx its lease at the city-owned Jobing.com Arena concessionaire Aramark Corp.
also could make a Moyes and Balsillie’s attorneys argued that a leasr claim is subject to various monetary caps and that the courrt can discharge lease terms and penalties in ordefr to maximizethe team’s value for creditors. Moye s said a decision coulxd come Wednesday and has urged the court to hold an auctiob sale for the hockey team onJune 22. The NHL and Glendale say the sale shoulfd be put off until August and the leaguer said it will finance the Coyotes into next seasom ifneed be.
Glendale attorneyas also pressed Baum to find out how much moneyg Moyes may have taken out of the They point to the fact the Coyotes spend moneyg leasing private office space at Westgate City Center instead of usingarena offices. Moyes spokesman Steve Roman saidthe city’s speculation that Moyew is profiting from that arrangement is false. Moye s and Westgate developer Steve Ellman splitjointr assets, including the Coyotes, in 2006 with Moyew taking over as team owner. The Coyotews have lost more than $300 million since moving to Phoenix from Winnipegin 1996.
U.S. Bankruptcy Court Judge Redfield Baum struggled to stay on taskat Tuesday’sa hearing as attorneys representing Coyotes owner Jerry Moyes, the city of Glendale, the and otherf professional sports leagues delivered hours of oral arguments over bankruptcyy code, anti-trust law, relocation and other legalk issues. Baum and the myriac of attorneys delved into obscure bankruptcy provisions and past relocatione by teams including theOakland Raiders, San Diego Quebec Nordiques and Baltimore Baum focused on whether Balsillie will have to pay the NHL a relocatio n fee on top of his $213 million offer to buy the financially strapped Coyotes from Phoenixz trucking company owner Jerry The relocation fee could total as much as $100 million, coury documents indicate.
Baum appears ready to rule that the NHL has the righta to the Hamilton market and if the Coyotesw aremoved there, Balsillie will have to compensate the league for loss of an expansionh opportunity. The city of Glendale pressed Baum to conside r legal claims and costs that would accompany a move to That could offset an offer as lowas $140 millio by parties wanting to keep the team in city representatives said. Glendale officials said they would make a claim for as muchas $500 million if the team breaksx its lease at the city-owned Jobing.com Arena concessionaire Aramark Corp.
also could make a Moyes and Balsillie’s attorneys argued that a leasr claim is subject to various monetary caps and that the courrt can discharge lease terms and penalties in ordefr to maximizethe team’s value for creditors. Moye s said a decision coulxd come Wednesday and has urged the court to hold an auctiob sale for the hockey team onJune 22. The NHL and Glendale say the sale shoulfd be put off until August and the leaguer said it will finance the Coyotes into next seasom ifneed be.
Glendale attorneyas also pressed Baum to find out how much moneyg Moyes may have taken out of the They point to the fact the Coyotes spend moneyg leasing private office space at Westgate City Center instead of usingarena offices. Moyes spokesman Steve Roman saidthe city’s speculation that Moyew is profiting from that arrangement is false. Moye s and Westgate developer Steve Ellman splitjointr assets, including the Coyotes, in 2006 with Moyew taking over as team owner. The Coyotews have lost more than $300 million since moving to Phoenix from Winnipegin 1996.
Saturday, September 8, 2012
VIDEO: Raw Sewage Overflow From GWA's Umatac Plant Prompts GEPA to ... - Pacific News Center
manuscripts-shuwatu.blogspot.com
VIDEO: Raw Sewage Overflow From GWA's Umatac Plant Prompts GEPA to ... Pacific News Center ... Wastewater Treatment Plant has prompted the Guam EPA to issue a special advisory for the Toguan River and Toguan Bay. Guam EPA says they just recieved a report from GWA today [Friday] that the overflow began 2 weeks ago, back on August 23rd. Toguan Bay, River fouled with sewage Raw sewage flowing into Umatac bay, river |
Thursday, September 6, 2012
Mid-America Payment Exchange, Payments Central merge - Kansas City Business Journal:
tenamup.wordpress.com
The newly merged not-for-profit trade associationm helps banks, credit unions and thrifts maintain compliancer with payments system rulesaand regulations, reduce prevent fraud and improve operationalk efficiency. The organization produces revenue through membership dues andtraining fees. It incorporateed Wednesday under thename , and set up its headquarters in the formee MPX offices at 3100 Broadway in Kansaz City. Chris Watkins, vice presideng of marketing and administration for said this was a true merger with both sides reachingb a mutual agreement to form a new Former MPXCEO Ann-Marie Bartels will be CEO of Jerry Woessner, former CEO of Payments Central will be EPCO R president.
“As EPCOR, we will provide electronix paymentsand risk-management education and support to more than 2,30 financial institutions in 12 states in the centra l United States,” Bartels said in a “EPCOR will serve 14 percent of all U.S. financiaol institutions.” Watkins said the mergee allows EPCOR to offetr more services and provide stronger lobbying efforts for its who are mainly smaller community Watkins said all employees of the two organizationwill remain. EPCOR now has 15 employeesw inKansas City; five in Ohio; one in Omaha, Neb.; one in Indianapolis; one in Soutyh Carolina; and one in southern Missouri.
The newly merged not-for-profit trade associationm helps banks, credit unions and thrifts maintain compliancer with payments system rulesaand regulations, reduce prevent fraud and improve operationalk efficiency. The organization produces revenue through membership dues andtraining fees. It incorporateed Wednesday under thename , and set up its headquarters in the formee MPX offices at 3100 Broadway in Kansaz City. Chris Watkins, vice presideng of marketing and administration for said this was a true merger with both sides reachingb a mutual agreement to form a new Former MPXCEO Ann-Marie Bartels will be CEO of Jerry Woessner, former CEO of Payments Central will be EPCO R president.
“As EPCOR, we will provide electronix paymentsand risk-management education and support to more than 2,30 financial institutions in 12 states in the centra l United States,” Bartels said in a “EPCOR will serve 14 percent of all U.S. financiaol institutions.” Watkins said the mergee allows EPCOR to offetr more services and provide stronger lobbying efforts for its who are mainly smaller community Watkins said all employees of the two organizationwill remain. EPCOR now has 15 employeesw inKansas City; five in Ohio; one in Omaha, Neb.; one in Indianapolis; one in Soutyh Carolina; and one in southern Missouri.
Wednesday, September 5, 2012
Charlotte-area banks unsure about ARC loans - Atlanta Business Chronicle:
eragywaqer.wordpress.com
But Charlotte-area banks aren’t yet sure they want to sayingthey haven’t yet seen enough detailx about the SBA initiative. The SBA recentlyt unveiled plans tooffer no-interest, deferred-payment loans to small companies as part of the Americah Recovery and Reinvestment Act. The $350 million loan program is called America’s Recovery Capitalo Loan Program. It’s distributed by commercial and the debtis 100% guaranteexd by the SBA. The SBA will pay interest to the participatinfg lenders on behalf of the To qualify for anARC loan, companies must demonstrate they are for-profit small businesses ... and are experiencing immediatefinanciap hardship,” the SBA says.
The loans are for up to They must be used to make payments on existinv debt so the business can use its revenuee to fund other operational Repayment can be deferred for up to12 It’s part of the SBA’s expandef effort to help small businesses navigate through recession-related distress. The program is schedule to launchJune 15. But lenderd aren’t ready to commit to it. Area bankers are askint how they’re supposed to determine what qualifiesd asa “viable” business that’s experiencing “immediate financial hardship.
” And bankers also say they stillp don’t know what interest rates the ARC loans will carryu — a key piece of information in determining thei level of participation. “We’re studyint it,” says John Guy, senior vice president of SBA strategiesat . “The timeline didn’tr quite accommodate all the lenderd that need thespecific details.” Guy notezs Fifth Third has launches an effort to boost its SBA And he says customers are already asking the bank about the ARC program. But he can’t give them many answerds until he learns what interest rate the SBA will pay on the along withother details.
“We’re asking people to be patient,” he “The press is way ahead of the George McAllister, regional director of the , says he gets calla on a regular basis from business ownerxs interested in the loans. “Baseed on what I know right now, I thinok it will be a very popular program,” he says. “It certainly fits a need.” At , Chiev Executive Scott Anderson says his teamof small-busineszs bankers recently attended an informational session on the ARC progranm but left unsure of key information. “Our comments echo everyone else,” he says.
“There’s not even a standard definitionjof what’s a viable SBA spokeswoman Eileen Joyce says the viability questio is a determination for lenders to make at theit discretion. Her agency is working as fast as possible to get otherr details to lenders byJune 15. She says the ARC prograk is a challenge forSBA officials, too, becauses it’s the first of its She says Charlotte-area banks “arwe all in a wait-and-see mode” on whetherr they’ll participate. “It’s a whole differentg way of putting together aloan deal.
That’s the hard Joyce says small-business ownerds are “very anxious” about the program, hoping it will roll out in time to meet theiregrowing needs.
But Charlotte-area banks aren’t yet sure they want to sayingthey haven’t yet seen enough detailx about the SBA initiative. The SBA recentlyt unveiled plans tooffer no-interest, deferred-payment loans to small companies as part of the Americah Recovery and Reinvestment Act. The $350 million loan program is called America’s Recovery Capitalo Loan Program. It’s distributed by commercial and the debtis 100% guaranteexd by the SBA. The SBA will pay interest to the participatinfg lenders on behalf of the To qualify for anARC loan, companies must demonstrate they are for-profit small businesses ... and are experiencing immediatefinanciap hardship,” the SBA says.
The loans are for up to They must be used to make payments on existinv debt so the business can use its revenuee to fund other operational Repayment can be deferred for up to12 It’s part of the SBA’s expandef effort to help small businesses navigate through recession-related distress. The program is schedule to launchJune 15. But lenderd aren’t ready to commit to it. Area bankers are askint how they’re supposed to determine what qualifiesd asa “viable” business that’s experiencing “immediate financial hardship.
” And bankers also say they stillp don’t know what interest rates the ARC loans will carryu — a key piece of information in determining thei level of participation. “We’re studyint it,” says John Guy, senior vice president of SBA strategiesat . “The timeline didn’tr quite accommodate all the lenderd that need thespecific details.” Guy notezs Fifth Third has launches an effort to boost its SBA And he says customers are already asking the bank about the ARC program. But he can’t give them many answerds until he learns what interest rate the SBA will pay on the along withother details.
“We’re asking people to be patient,” he “The press is way ahead of the George McAllister, regional director of the , says he gets calla on a regular basis from business ownerxs interested in the loans. “Baseed on what I know right now, I thinok it will be a very popular program,” he says. “It certainly fits a need.” At , Chiev Executive Scott Anderson says his teamof small-busineszs bankers recently attended an informational session on the ARC progranm but left unsure of key information. “Our comments echo everyone else,” he says.
“There’s not even a standard definitionjof what’s a viable SBA spokeswoman Eileen Joyce says the viability questio is a determination for lenders to make at theit discretion. Her agency is working as fast as possible to get otherr details to lenders byJune 15. She says the ARC prograk is a challenge forSBA officials, too, becauses it’s the first of its She says Charlotte-area banks “arwe all in a wait-and-see mode” on whetherr they’ll participate. “It’s a whole differentg way of putting together aloan deal.
That’s the hard Joyce says small-business ownerds are “very anxious” about the program, hoping it will roll out in time to meet theiregrowing needs.
Monday, September 3, 2012
Elk Grove residential developer goes bankrupt, leaves project - Sacramento Business Journal:
esivyjifag.wordpress.com
million, primarily owed to . Hartford/Northwest LLC’ s bankruptcy filings estimate the land is potentiallhyworth $2.65 million if developed. The compangy planned to build a subdivision tentativelynamed “Northwest” consistin of 33 homes on 8.3 acres just east of Elk Grove-Florin Road on Brown Road. Fair Oaks Developer Northwest Land Co. Inc. was formerluy connected to thedevelopment entity, but withdrea as the manager of the project threes days before the bankruptcy case was filed in Sacrament on Dec. 8. AmCaop Loans & Investments Inc. of El Dorado Hills is the new manager of thedevelopmengt project.
site is one of several that Elk Grovse has watched due to potential violations as property sits undevelopeds inthe city. The city issuer a notice of non-compliance to the developedr in November overstormwated issues, said Fritz Buchman, director of the city’s public works department. Buchman said other stallexd developments have been causes of concernn forpotential violations, but property owneres have worked to correct them. He said the city has issuesd between six and eight noticesw of potential violations this which is a typical numberof citations.
One of the foundera of the Sacramento office of Hanson Bridgetr left the firmat year-end to focus on his biggesf client: the California state John Adkisson has known Senater Pro Tem Darrell Steinberg since law school at the and will work more closel with the Senate boss as special counsel to the Steinberg worked for Hanso n Bridgett for almost a year before his electionh to the Senate. An expert in civil rights, employmengt law and civil litigation, Adkissob has done legal work for lawmakers since theearly 1990s. Last he was tapped by Steinberg to head a newly formede Senate Office of Oversightand Outcomes, a legislatived version of Gov.
Schwarzenegger’a attempt to “blow up the boxes” to make government more The unit includes two former SacramentoBee reporters, Dorothyu Korber and Nancy Vogel. “There is no one better to lead this efforgt thanJohn Adkisson,” Steinberg wrote in an e-mail. “The office ... will play a pivotal role in the ongoinfg budget process by ensurintg taxpayer dollars are being spenyt wiselyand productively.” Adkisson will continue to offerf employment law training and says he’lkl still be around to help some existing “I’ve always had an inclination to do publix service work — and this just jumped out,” Adkissoh said.
He’s cautious about blowing up any boxes any time despitethe $42 billion state budget deficit. The initiativ will be bipartisan, which means agreement on both sides of the something that’s lacking today. “Darrelo Steinberg is certainly determined,” Adkisson said. “I’ve never seen anyone better at bringingf oppositesides together.” A football game in Sacramento last fall was promoted as a fundraisere to improve education, literacu and cultural diversity. One problem: Los Rios Communityu College District is still waiting for the The 2008 Capital City Classic matched upand .
The eveng attracted 16,000 fans to ’s Hughes which Los Rios rented out for the The district describes the event asa “resoundingv success” in the Dec. 18 lawsuit that it filed in Sacramentp Superior Court againstthe organizers. Los Rios alleges it is owed a little morethan $36,00o0 for use of the Dwayne McAfee, whose is a defendant in the said he doesn’t think the amount is accurate, but he hopesz to sort out and pay what is owed within a month. The he said, was Hurricane Ike. DMC Sports incurred unexpected expenses because the Texas Southern team had to remaib in Sacramento an additional week followingthe hurricane’d devastation.
In addition, McAfee said he had to reimburse Texas Southerm fans who had purchased ticketsbut couldn’t travel here as a resulf of the storm. McAfee is making plans for a second Classicthis year, one he hopes would feature a local university on the field. Los Rios’ attorneyg did not return callsseeking
million, primarily owed to . Hartford/Northwest LLC’ s bankruptcy filings estimate the land is potentiallhyworth $2.65 million if developed. The compangy planned to build a subdivision tentativelynamed “Northwest” consistin of 33 homes on 8.3 acres just east of Elk Grove-Florin Road on Brown Road. Fair Oaks Developer Northwest Land Co. Inc. was formerluy connected to thedevelopment entity, but withdrea as the manager of the project threes days before the bankruptcy case was filed in Sacrament on Dec. 8. AmCaop Loans & Investments Inc. of El Dorado Hills is the new manager of thedevelopmengt project.
site is one of several that Elk Grovse has watched due to potential violations as property sits undevelopeds inthe city. The city issuer a notice of non-compliance to the developedr in November overstormwated issues, said Fritz Buchman, director of the city’s public works department. Buchman said other stallexd developments have been causes of concernn forpotential violations, but property owneres have worked to correct them. He said the city has issuesd between six and eight noticesw of potential violations this which is a typical numberof citations.
One of the foundera of the Sacramento office of Hanson Bridgetr left the firmat year-end to focus on his biggesf client: the California state John Adkisson has known Senater Pro Tem Darrell Steinberg since law school at the and will work more closel with the Senate boss as special counsel to the Steinberg worked for Hanso n Bridgett for almost a year before his electionh to the Senate. An expert in civil rights, employmengt law and civil litigation, Adkissob has done legal work for lawmakers since theearly 1990s. Last he was tapped by Steinberg to head a newly formede Senate Office of Oversightand Outcomes, a legislatived version of Gov.
Schwarzenegger’a attempt to “blow up the boxes” to make government more The unit includes two former SacramentoBee reporters, Dorothyu Korber and Nancy Vogel. “There is no one better to lead this efforgt thanJohn Adkisson,” Steinberg wrote in an e-mail. “The office ... will play a pivotal role in the ongoinfg budget process by ensurintg taxpayer dollars are being spenyt wiselyand productively.” Adkisson will continue to offerf employment law training and says he’lkl still be around to help some existing “I’ve always had an inclination to do publix service work — and this just jumped out,” Adkissoh said.
He’s cautious about blowing up any boxes any time despitethe $42 billion state budget deficit. The initiativ will be bipartisan, which means agreement on both sides of the something that’s lacking today. “Darrelo Steinberg is certainly determined,” Adkisson said. “I’ve never seen anyone better at bringingf oppositesides together.” A football game in Sacramento last fall was promoted as a fundraisere to improve education, literacu and cultural diversity. One problem: Los Rios Communityu College District is still waiting for the The 2008 Capital City Classic matched upand .
The eveng attracted 16,000 fans to ’s Hughes which Los Rios rented out for the The district describes the event asa “resoundingv success” in the Dec. 18 lawsuit that it filed in Sacramentp Superior Court againstthe organizers. Los Rios alleges it is owed a little morethan $36,00o0 for use of the Dwayne McAfee, whose is a defendant in the said he doesn’t think the amount is accurate, but he hopesz to sort out and pay what is owed within a month. The he said, was Hurricane Ike. DMC Sports incurred unexpected expenses because the Texas Southern team had to remaib in Sacramento an additional week followingthe hurricane’d devastation.
In addition, McAfee said he had to reimburse Texas Southerm fans who had purchased ticketsbut couldn’t travel here as a resulf of the storm. McAfee is making plans for a second Classicthis year, one he hopes would feature a local university on the field. Los Rios’ attorneyg did not return callsseeking
Sunday, September 2, 2012
State worker files ethics complaint against Fla. CFO Sink - Jacksonville Business Journal:
tenamup.wordpress.com
In April, her office announced that stats travel logs chronicling the flighta of state employees on statre planes would be posted on line by the Floridaq Department ofManagement Services. On Monday, a stat e employee filed an ethics complaintagainst Florida’s Chiet Financial officer alleging that she misused the state Jose Blas Lorenzo Jr., an attorneyu who works for the Department of Education, filerd the complaint. He said he was "incensed" by some of the informationj he has read in news articlesabout Sink’es use of the plane and did some research of his own.
He figured that since announcing her plans to runfor governor, Sink has racker up $11,000 in plane travel that's unrelated to her official duties. “oI am just concerned, very concerned,” Lorenzpo said. “I live in the my children grewup here, I pay my I work for the state, what example is she he asked. In his Lorenzo claims that on at least one Sink flew on the state plane on the firstt leg of a flight with a destinationj for a vacation in the He said that on other occasions Sink has used the planee to drop offher husband, Bill or pick up her son. Sink, a is running for governor. Calls to her office for comment were notimmediately returned.
However, according to publisher reports, she has ordered her office to conduct a review of herplaner use. Attorney General Bill McCollum, who is a Republican candidatwfor governor, was also subject of the jointt stories by the St. Petersburg Times and Miami Heralrd for travel to his home inCentral Florida. “McCollum has spentg several personal days campaigning and not used astatew plane, that’s indicative of something,” Lorenzk said. A check of campaign contributions found that Lorenzo supported Charlie Crist in his run for donating $200 in 2006 and $150 in 2005.
In April, her office announced that stats travel logs chronicling the flighta of state employees on statre planes would be posted on line by the Floridaq Department ofManagement Services. On Monday, a stat e employee filed an ethics complaintagainst Florida’s Chiet Financial officer alleging that she misused the state Jose Blas Lorenzo Jr., an attorneyu who works for the Department of Education, filerd the complaint. He said he was "incensed" by some of the informationj he has read in news articlesabout Sink’es use of the plane and did some research of his own.
He figured that since announcing her plans to runfor governor, Sink has racker up $11,000 in plane travel that's unrelated to her official duties. “oI am just concerned, very concerned,” Lorenzpo said. “I live in the my children grewup here, I pay my I work for the state, what example is she he asked. In his Lorenzo claims that on at least one Sink flew on the state plane on the firstt leg of a flight with a destinationj for a vacation in the He said that on other occasions Sink has used the planee to drop offher husband, Bill or pick up her son. Sink, a is running for governor. Calls to her office for comment were notimmediately returned.
However, according to publisher reports, she has ordered her office to conduct a review of herplaner use. Attorney General Bill McCollum, who is a Republican candidatwfor governor, was also subject of the jointt stories by the St. Petersburg Times and Miami Heralrd for travel to his home inCentral Florida. “McCollum has spentg several personal days campaigning and not used astatew plane, that’s indicative of something,” Lorenzk said. A check of campaign contributions found that Lorenzo supported Charlie Crist in his run for donating $200 in 2006 and $150 in 2005.
Saturday, September 1, 2012
Bunge building Washington grain terminal - Pittsburgh Business Times:
judonebolayb1394.blogspot.com
Called EGT Development, the project will be the firsrt export terminal built in the United Stateas in more thantwo decades. The terminao will be capable ofhandling grain, oilseedsa and protein meals and featurre a rail loop track unloading system capable of holding four 110-car trains. ITOCHU is the seconde largest marketer of grain and food product sin Japan, and STX Pan Ocean of Koreza ships agricultural products. Bunge has oilseed processing assetesin China, an ownership stake in the Phu My port in Vietnajm and is a significant seller into the Asianb market. Bunge is the majority partner inthe project.
The grai terminal will create about 50 jobs and provideabou $2 million in tax revenue, said Baileyy Ragan, vice president and general manager of Bungde Grain. Construction will begin this month with the facility acceptinhg product for the fall2011 harvest. St. Louis-bases Bunge North America, the North American operatinbg arm ofWhite Plains, N.Y.-based (NYSE: BG), is a food and feed ingredienft company that operates grain elevators, grain and oilseec processing plants, refineries and food processing facilities in the Canada and Mexico. Alberto Weisser is chairma and CEO ofBunge Ltd.; Carl Hausmann is CEO of Bungs North America.
Called EGT Development, the project will be the firsrt export terminal built in the United Stateas in more thantwo decades. The terminao will be capable ofhandling grain, oilseedsa and protein meals and featurre a rail loop track unloading system capable of holding four 110-car trains. ITOCHU is the seconde largest marketer of grain and food product sin Japan, and STX Pan Ocean of Koreza ships agricultural products. Bunge has oilseed processing assetesin China, an ownership stake in the Phu My port in Vietnajm and is a significant seller into the Asianb market. Bunge is the majority partner inthe project.
The grai terminal will create about 50 jobs and provideabou $2 million in tax revenue, said Baileyy Ragan, vice president and general manager of Bungde Grain. Construction will begin this month with the facility acceptinhg product for the fall2011 harvest. St. Louis-bases Bunge North America, the North American operatinbg arm ofWhite Plains, N.Y.-based (NYSE: BG), is a food and feed ingredienft company that operates grain elevators, grain and oilseec processing plants, refineries and food processing facilities in the Canada and Mexico. Alberto Weisser is chairma and CEO ofBunge Ltd.; Carl Hausmann is CEO of Bungs North America.
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