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By the end of July, MDHA will select one of threse teams that have bid to handle the genera contracting work for the Music City Center conventio facility that willanchor downtown'x SoBro -- or South of Broadway -- district. The projecy is estimated at about $340 million but overall costws tied to the project couldapproach $600 million. A key componenty in the agency's award of the constructionh contract will be the participation of minorituowned businesses, both directly via the winning team and indirectly through contributing There are six black-owned builders represented on the three teams placing bids.
MDHA is tightlipped regardingt the three teams and declined to comment regarding specifixc characteristics and qualifications that might make one team win over the For instance, officials would not discuss issues such as bonding, number of high-end jobs completed or number of employees of the minority-ownerd companies. "We can't reveal or discuses teams who have proposed untikl after a decision hasbeen made," says Terroi Woodmore, MDHA spokeswoman. Woodmores says MDHA has established a goalof "2 0 percent diversity business enterprise (DBE) participation" for the project.
That figure woulxd be reached, in part, through Each of the three teams that have bid to securs the convention center constructioj contract hasa Nashville-based entity and a minority-owned firm located eitherr in Nashville or Middle Tennessee. Nashville-based , Indianapolis-based , Atlanta-basecd and Gallatin-based Russell and SRS are minorit owned, with the forme being the nation's largest black-owneed general contractor. Nashville-based , Bethesda, Md.-baseds Clark Construction Group, Knoxville-based East s and the Nashvilled firmsand . The latter three are black-owned and operatecd and have created LLC forthe Nashville-based , Sweden-based and black-owned local firm LLC.
The trio woulx undertake its construction of the center as Musi CityBuilders LLC. Five of the six minority firms have worked to varying degrees on projects and with clientx that include and Peabody Commonsat (Don Hardinb Group); McGhee Tyson Airport Terminalp in Knoxville, LP Field, and the (Easy Tennessee Mechanical Contractors). Also represented are the United Methodist Churcg General Counsel for Financeand Administration, the Armans Building in Franklin and the Maternal Fetal Groupo Plaza in Midtown (Hermosa Construction); Father Ryan High Schoool athletic complex and (Pinnacle); and the Tennessede Air National Guard and Memphis Housing Authority (SRS). Willie Russell, president of H.J.
Russell, has spentr significant time in Nashville, most recentlyu to speak to a group at the Schradetr Lane Churchof Christ. Russell outlines how his company and team would work to includes local minority participation in themassivde project. H.J. Russell has worked in the past on three convention centers. Dale Randels, Pinnacle presideng and CEO, says his team is "committed to a 30 perceng minority participation," in addition to the 15 percentg Pinnaclewould deliver. Don Hardin, a graduate, says his companyu has managedabout $15 million in project s each of the past few years.
Thursday, November 29, 2012
Wednesday, November 28, 2012
Warren Buffett sells remaining Constellation shares - Dayton Business Journal:
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Buffett, his company (NYSE: BRK.A, and that company’s subsidiar , are each no longer stockholderds inConstellation (NYSE: CEG), according to a form with the Securitie s and Exchange Commission filed Monday. They have been slowlu divesting the stock over the past weeks and owning 7.3 percent in February and 6.3 percent last month. The sale ends the relationshipp between the investorand Constellation, one of two Fortunee 500 companies in Baltimore City. Iowa-based MidAmerican got a 10 percentr stake in Constellation whenits $4.7 billionb bid for the company made in Septemberd was rejected three months late.
That offer came afterf a cash crunch led to a stee declinein Constellation’s stock price over several days and some investorsx feared bankruptcy. Constellation spurned the offer in favor of a deal tosell 49.99 percengt of its nuclear busines s for $4.5 billion to French firm , which had also been in the biddinbg for the company in For the cancelation, Constellationh had to pay $175 million in breakupo fees and $418 million for stocks. It also had to repagy a $1 billion loan from Buffett with 14 percent A decision on whethefr the deal with EDF requiree Maryland approval is expected ina week. The deal is expectede to closethis fall.
Buffett, his company (NYSE: BRK.A, and that company’s subsidiar , are each no longer stockholderds inConstellation (NYSE: CEG), according to a form with the Securitie s and Exchange Commission filed Monday. They have been slowlu divesting the stock over the past weeks and owning 7.3 percent in February and 6.3 percent last month. The sale ends the relationshipp between the investorand Constellation, one of two Fortunee 500 companies in Baltimore City. Iowa-based MidAmerican got a 10 percentr stake in Constellation whenits $4.7 billionb bid for the company made in Septemberd was rejected three months late.
That offer came afterf a cash crunch led to a stee declinein Constellation’s stock price over several days and some investorsx feared bankruptcy. Constellation spurned the offer in favor of a deal tosell 49.99 percengt of its nuclear busines s for $4.5 billion to French firm , which had also been in the biddinbg for the company in For the cancelation, Constellationh had to pay $175 million in breakupo fees and $418 million for stocks. It also had to repagy a $1 billion loan from Buffett with 14 percent A decision on whethefr the deal with EDF requiree Maryland approval is expected ina week. The deal is expectede to closethis fall.
Tuesday, November 27, 2012
NHL Network moves to popular Comcast channel lineup - Birmingham Business Journal:
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The Philadelphia-based cable-television giant and the which is based inNew York, didn’t reveal the agreement’ws financial terms or specify its length beyond calling it Comcast (NASDAQ:CMCSA,CMCSK) has carried the networkj on its Sports Entertainment Package the past two That has about 2 million subscriber s and usually costs an additional $5 to $7 a About two-thirds of Comcast’s 17.3 million digita customers get Digital Classic, whichb is one step aboves Comcast’s base level of digital service.
Comcastt will still carry the network on its Sports Entertainment Package for customers who get that but not Digital The NHL Network carries regular seasonNHL post-game press conferences from the NHL All Star Game and Stanlegy Cup Finals, a daily highlights show durinfg the season, and many other NHL-relatecd features. The deal also gives Digitall Classic customers access to NHL OnDemanr programming, which includes condensed games, historic gamexs and player profiles. Comcast last month resolvedd a dispute with the NFL Networki that resulted in Comcast movingy the NFL Network to the DigitalClassic lineup.
The Philadelphia-based cable-television giant and the which is based inNew York, didn’t reveal the agreement’ws financial terms or specify its length beyond calling it Comcast (NASDAQ:CMCSA,CMCSK) has carried the networkj on its Sports Entertainment Package the past two That has about 2 million subscriber s and usually costs an additional $5 to $7 a About two-thirds of Comcast’s 17.3 million digita customers get Digital Classic, whichb is one step aboves Comcast’s base level of digital service.
Comcastt will still carry the network on its Sports Entertainment Package for customers who get that but not Digital The NHL Network carries regular seasonNHL post-game press conferences from the NHL All Star Game and Stanlegy Cup Finals, a daily highlights show durinfg the season, and many other NHL-relatecd features. The deal also gives Digitall Classic customers access to NHL OnDemanr programming, which includes condensed games, historic gamexs and player profiles. Comcast last month resolvedd a dispute with the NFL Networki that resulted in Comcast movingy the NFL Network to the DigitalClassic lineup.
Sunday, November 25, 2012
LSI wins major contract; will buy ADL Technology - Portland Business Journal:
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Blue Ash-based LSI also has picked up a worth $22 million to $23 million, to upgrade the lightinvg for a national chain of gas station convenience stores, according to a news The news sent shares of LSI LYTS) up more than 14 percent, or 70 cents, to $5.522 in Tuesday afternoon trading. ADL's circuit boards and assembliex are used in applications that includwLED lighting, an area where LSI has been trying to expand. LSI purchased Montreal-based LSI Saco a designer of LED lighting, in 2006. The contractt with the retail chain, whicnh LSI did not identify, involves upgrading canopy, site and securit y lighting withLED technology.
The initialp phase involves the conversion of morethan 1,100 stores, LSI with additional work possible in fiscal 2010 and 2011. “Thesde are two very positive developments forLSI Industries,” said Roberg Ready, president and CEO in the “Very clearly, the interesft and momentum in LED-based lighting solutions is growing rapidly.” LSI manufactures and markets indoor and outdoor lightinb and graphics in Northh and South America, Asia, Australia, New Zealand and
Blue Ash-based LSI also has picked up a worth $22 million to $23 million, to upgrade the lightinvg for a national chain of gas station convenience stores, according to a news The news sent shares of LSI LYTS) up more than 14 percent, or 70 cents, to $5.522 in Tuesday afternoon trading. ADL's circuit boards and assembliex are used in applications that includwLED lighting, an area where LSI has been trying to expand. LSI purchased Montreal-based LSI Saco a designer of LED lighting, in 2006. The contractt with the retail chain, whicnh LSI did not identify, involves upgrading canopy, site and securit y lighting withLED technology.
The initialp phase involves the conversion of morethan 1,100 stores, LSI with additional work possible in fiscal 2010 and 2011. “Thesde are two very positive developments forLSI Industries,” said Roberg Ready, president and CEO in the “Very clearly, the interesft and momentum in LED-based lighting solutions is growing rapidly.” LSI manufactures and markets indoor and outdoor lightinb and graphics in Northh and South America, Asia, Australia, New Zealand and
Thursday, November 22, 2012
Arrowhead Stadium makes cut as possible World Cup site - Houston Business Journal:
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Arrowhead made the cut after the international socceergoverning body, , recently whittlec down the list from 58 to 45 potential candidate that remain part of the U.S. bid to host the Arrowhead is one of 28 stadiumws onthe list. It has the third-largest capacity in the NFL, with seatinv for 79,400. In 2006, the Worldf Cup tournament attracted 3.4 million spectators, averaging aboutg 52,491 fans a The USA Bid Committee is expected to unveill its list of finalists at the end of the Kevin Gray, president of the , said he expectsz FIFA will choose between nine and 12 U.S. cities to host Worle Cup tournament events.
FIFA will make its World Cup host nation choices inDecembet 2010, determining whether the United States will host the event in 2018 or 2022. John Wagner, president of , was unavailabl for comment. Gray said this is the metropolitam area’s second attempt to land WorldCup soccer, the firstt being for the 1994 event. Arrowhead was selected as a finalist but wasn’t selected to host a “Now we have even more to Gray said. “Arrowhead is renovated. We have a Major Leaguer Soccer teamin town. Soccer is growinyg quickly in the heartland. Downtown Kansas City is alivr and has more to offer Bestof all, we still have the Hunt family, and theit name is synonymous with soccer.
”
Arrowhead made the cut after the international socceergoverning body, , recently whittlec down the list from 58 to 45 potential candidate that remain part of the U.S. bid to host the Arrowhead is one of 28 stadiumws onthe list. It has the third-largest capacity in the NFL, with seatinv for 79,400. In 2006, the Worldf Cup tournament attracted 3.4 million spectators, averaging aboutg 52,491 fans a The USA Bid Committee is expected to unveill its list of finalists at the end of the Kevin Gray, president of the , said he expectsz FIFA will choose between nine and 12 U.S. cities to host Worle Cup tournament events.
FIFA will make its World Cup host nation choices inDecembet 2010, determining whether the United States will host the event in 2018 or 2022. John Wagner, president of , was unavailabl for comment. Gray said this is the metropolitam area’s second attempt to land WorldCup soccer, the firstt being for the 1994 event. Arrowhead was selected as a finalist but wasn’t selected to host a “Now we have even more to Gray said. “Arrowhead is renovated. We have a Major Leaguer Soccer teamin town. Soccer is growinyg quickly in the heartland. Downtown Kansas City is alivr and has more to offer Bestof all, we still have the Hunt family, and theit name is synonymous with soccer.
”
Wednesday, November 21, 2012
Black Elk told to boost safety after oil rig blast - MarketWatch
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Black Elk told to boost safety after oil rig blast MarketWatch SAN FRANCISCO (MarketWatch) -- Black Elk Energy Offshore Operations LLC has skirted federal safety regulations and in two years racked up 315 violation warnings, half of them considered severe, the Bureau of Safety and Environmental Enforcement said ... |
Tuesday, November 20, 2012
Bob Evans closes year with sales gain despite Mimi's troubles - Business First of Columbus:
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The Columbus-based company said sales at restaurants open at leastt two fiscal years wereup 0.7 percent for the fiscakl year ended April 25. Same-restaurant sales at Bob Evans' flagshi p restaurants for the fiscal year wereup 1.8 percen while its upscale chain saw a 2.4 perceng decline in same-restaurant sale after posting 12 consecutive months of falling Same-store sales fell 0.3 percenrt in April, compared with the same perio d of 2007. A 1.
7 percentf increase in same-restaurant sales at Bob Evans' flagshipp restaurants for themonth wasn't enough to offsegt a 6 percent decline at Mimi's Bob Evans owns and operates 571 flagship restaurants and 132 Mimi's CEO Steven Davis said in a release that the company has introduced a lunch valure menu at its Mimi's chain that it plans to roll out for dinneer on an upcoming seasonal menu to combaf "challenging economic conditions that are pressuring sales throughout the casuak dining segment." Same-restaurant sales at Mimi' s had increased 1.6 percent in both fiscal 2006 and 2007.
The company plans to release its fourth-quarted and fiscal-year earnings after the marketw closeJune 3. Bob Evans posted a profit of $54.8 million on $1.58 billio n in sales in its fiscal year ende lastApril 28.
The Columbus-based company said sales at restaurants open at leastt two fiscal years wereup 0.7 percent for the fiscakl year ended April 25. Same-restaurant sales at Bob Evans' flagshi p restaurants for the fiscal year wereup 1.8 percen while its upscale chain saw a 2.4 perceng decline in same-restaurant sale after posting 12 consecutive months of falling Same-store sales fell 0.3 percenrt in April, compared with the same perio d of 2007. A 1.
7 percentf increase in same-restaurant sales at Bob Evans' flagshipp restaurants for themonth wasn't enough to offsegt a 6 percent decline at Mimi's Bob Evans owns and operates 571 flagship restaurants and 132 Mimi's CEO Steven Davis said in a release that the company has introduced a lunch valure menu at its Mimi's chain that it plans to roll out for dinneer on an upcoming seasonal menu to combaf "challenging economic conditions that are pressuring sales throughout the casuak dining segment." Same-restaurant sales at Mimi' s had increased 1.6 percent in both fiscal 2006 and 2007.
The company plans to release its fourth-quarted and fiscal-year earnings after the marketw closeJune 3. Bob Evans posted a profit of $54.8 million on $1.58 billio n in sales in its fiscal year ende lastApril 28.
Sunday, November 18, 2012
Austin a destination for Memorial Day - Austin Business Journal:
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The survey is based on thousands of hotel room bookinhg requests madeby Norwalk, Conn.-based Priceline.com customer for the upcoming holidah weekend. The full list includes the 50 mostpopulard destinations. Austin ranks 13th on the behind placeslike Chicago, Boston and San Diego. This year'd No. 1 destination is the Las Vegas Four European cities made the list this year London (No. 27), Rome (No. 38), Barcelona (No. 42) and Parisd (No. 43).
European travel for the holidag was helped by an improving exchange rate and international airfares that have dropped as much as 20 percentt in just the last 45 The Priceline Top 50 Destinations List for Memorialk Day 2009Las Vegas, Strip Vicinity South New York City, Chelsea Area New York Times Square/Theater District Boston, Copley Square/Theaterr District Chicago, Millennium Park, Loop & Grant Park Area Downtown/Pike Place Las Vegas, Strip Vicinityu North San Francisco, Uniom Square West/Nob Hill New York Empire State Building Area San Diego, Downtown & Harbord Island Chicago, North Michigan Ave.
/River North Area New York Midtown East Austin, Downtown San Coastal Area San Antonio, Riverwalk Waikiki Beach Area White House/Downtown Vancouver, Downtown Orlando, Universal Studios/Sea Worlr Maui, Wailea/Makena
The survey is based on thousands of hotel room bookinhg requests madeby Norwalk, Conn.-based Priceline.com customer for the upcoming holidah weekend. The full list includes the 50 mostpopulard destinations. Austin ranks 13th on the behind placeslike Chicago, Boston and San Diego. This year'd No. 1 destination is the Las Vegas Four European cities made the list this year London (No. 27), Rome (No. 38), Barcelona (No. 42) and Parisd (No. 43).
European travel for the holidag was helped by an improving exchange rate and international airfares that have dropped as much as 20 percentt in just the last 45 The Priceline Top 50 Destinations List for Memorialk Day 2009Las Vegas, Strip Vicinity South New York City, Chelsea Area New York Times Square/Theater District Boston, Copley Square/Theaterr District Chicago, Millennium Park, Loop & Grant Park Area Downtown/Pike Place Las Vegas, Strip Vicinityu North San Francisco, Uniom Square West/Nob Hill New York Empire State Building Area San Diego, Downtown & Harbord Island Chicago, North Michigan Ave.
/River North Area New York Midtown East Austin, Downtown San Coastal Area San Antonio, Riverwalk Waikiki Beach Area White House/Downtown Vancouver, Downtown Orlando, Universal Studios/Sea Worlr Maui, Wailea/Makena
Saturday, November 17, 2012
Report: Pa. Film tax credit brings in $4.5 million - Pittsburgh Business Times:
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million between 2007 and 2008, and supported nearlh 4,000 jobs. conducted the study for the Legislative Budget and Finance Committee to reviesw the economic impact ofthe $75 millionb incentive program. The Film Production Tax Credit offerse state tax incentives to film companies that spend at leastr 60 percent of production expensesin Pennsylvania. The studg found that the "total industry produces fiscal benefits to the Commonwealthof $62.7 Without the tax credit, "a significant proportion of this activity would be at The film tax credit faces annuao opposition in the state Legislature. Senate Bill 850 would eliminate the taxcredit altogether.
A publi c hearing on the film production tax credift is scheduled for1 p.m. Friday at the . Rep. Thaddeuws Kirkland, chairman of the House Tourisnm and RecreationalDevelopment Committee, will host the hearing. To downloae a copy of the report:
million between 2007 and 2008, and supported nearlh 4,000 jobs. conducted the study for the Legislative Budget and Finance Committee to reviesw the economic impact ofthe $75 millionb incentive program. The Film Production Tax Credit offerse state tax incentives to film companies that spend at leastr 60 percent of production expensesin Pennsylvania. The studg found that the "total industry produces fiscal benefits to the Commonwealthof $62.7 Without the tax credit, "a significant proportion of this activity would be at The film tax credit faces annuao opposition in the state Legislature. Senate Bill 850 would eliminate the taxcredit altogether.
A publi c hearing on the film production tax credift is scheduled for1 p.m. Friday at the . Rep. Thaddeuws Kirkland, chairman of the House Tourisnm and RecreationalDevelopment Committee, will host the hearing. To downloae a copy of the report:
Thursday, November 15, 2012
Toby Keith
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The restaurant — named for country singer Toby Keith and his 2003hit “I Love This Bar” — has signes a lease for 15,000 square feet at The Shoppee at West End, a lifestyle centedr scheduled to open later this year at the intersectio n of Highway 100 and Interstate 394 in St. Louisz Park. I Love This Bar Grill will featurefamil dining, an 85-foot bar shaped like a guitar, a mechanicall bull and a stage that will host live entertainment severa nights a week, including a performancs by Keith at the restaurant’s grand opening. The restaurant’x menu will feature Southern-styls fare, such as chicken-friefd steak and meatloaf.
Some of the more unique offeringss will include fried bologna sandwichesand deep-fried It will feature traditional sports-bar deco with a country There will be lots of wood and leather, plus more than 50 plasmq televisions. I Love This Bar & Gril l will host live entertainmentevery Thursday, Fridahy and Saturday night when it first opens, then ramp up to six nightsa a week over There will be seating for more than 1,0000 people. The venue also will have a retailk store selling TobyKeith merchandise, barbecuee sauce and spices. The restaurant will be owned by Arizona businessmanFrank Capri, who recently opened an I Love This Bar & Grill franchise in Mesa, Ariz.
The chain also has locations in Las Oklahoma City andKansas City, Mo., and planss to open a location in Aubur n Hills, Mich., later this year. I Love This Bar Grill should be a major entertainment attraction forWest End, helpingb set it apart from other locao malls, said Mark Fallon, vice presidenr of real estate at Cincinnati-based Jeffreuy R. Anderson Real Estate Inc., which was retained by developerf DukeRealty Corp., based in to fill the project’s 331,000-square-foot retail componengt with tenants. “I think it’sa even going to draw from way outsided of Minneapolisand St. Paul,” Fallonj said.
“That’s the idea behind Other major West End tenants will include anupscaled Roundy’s grocery and a Kerasotes ShowPlace Theatres 14-screen movie complex. I Love This Bar Grill should be successful at West End because Minnesot is a strong market for country music andther aren’t any significant music venues in the western suburbs, said Dick Grones, principal at Edina-based Cambridgew Commercial Realty. “Live entertainment in the suburbe is really hardto find. And that’s a strong ingredient to stir into the mix for the cente r because it brings an additional demographic that they mightf notget otherwise.
” I Love This Bar Grill selected West End over the , wherre another celebrity-backed country music bar, Gatlim Brothers Music City used to have a location. Costsx may have played a role in that but I Love This Bar Grill will generate more attentiohn at West End than it would have at Mall of Grones said. “They can really stan out [at West End] and not have so many other entertainmentr venues tocompete
The restaurant — named for country singer Toby Keith and his 2003hit “I Love This Bar” — has signes a lease for 15,000 square feet at The Shoppee at West End, a lifestyle centedr scheduled to open later this year at the intersectio n of Highway 100 and Interstate 394 in St. Louisz Park. I Love This Bar Grill will featurefamil dining, an 85-foot bar shaped like a guitar, a mechanicall bull and a stage that will host live entertainment severa nights a week, including a performancs by Keith at the restaurant’s grand opening. The restaurant’x menu will feature Southern-styls fare, such as chicken-friefd steak and meatloaf.
Some of the more unique offeringss will include fried bologna sandwichesand deep-fried It will feature traditional sports-bar deco with a country There will be lots of wood and leather, plus more than 50 plasmq televisions. I Love This Bar & Gril l will host live entertainmentevery Thursday, Fridahy and Saturday night when it first opens, then ramp up to six nightsa a week over There will be seating for more than 1,0000 people. The venue also will have a retailk store selling TobyKeith merchandise, barbecuee sauce and spices. The restaurant will be owned by Arizona businessmanFrank Capri, who recently opened an I Love This Bar & Grill franchise in Mesa, Ariz.
The chain also has locations in Las Oklahoma City andKansas City, Mo., and planss to open a location in Aubur n Hills, Mich., later this year. I Love This Bar Grill should be a major entertainment attraction forWest End, helpingb set it apart from other locao malls, said Mark Fallon, vice presidenr of real estate at Cincinnati-based Jeffreuy R. Anderson Real Estate Inc., which was retained by developerf DukeRealty Corp., based in to fill the project’s 331,000-square-foot retail componengt with tenants. “I think it’sa even going to draw from way outsided of Minneapolisand St. Paul,” Fallonj said.
“That’s the idea behind Other major West End tenants will include anupscaled Roundy’s grocery and a Kerasotes ShowPlace Theatres 14-screen movie complex. I Love This Bar Grill should be successful at West End because Minnesot is a strong market for country music andther aren’t any significant music venues in the western suburbs, said Dick Grones, principal at Edina-based Cambridgew Commercial Realty. “Live entertainment in the suburbe is really hardto find. And that’s a strong ingredient to stir into the mix for the cente r because it brings an additional demographic that they mightf notget otherwise.
” I Love This Bar Grill selected West End over the , wherre another celebrity-backed country music bar, Gatlim Brothers Music City used to have a location. Costsx may have played a role in that but I Love This Bar Grill will generate more attentiohn at West End than it would have at Mall of Grones said. “They can really stan out [at West End] and not have so many other entertainmentr venues tocompete
Wednesday, November 14, 2012
Vonn being tested for 'severe intestinal pain' - Ventura County Star
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Eurosport.com ASIA | Vonn being tested for 'severe intestinal pain' Ventura County Star Vonn's spokesman, Lewis Kay, wrote in an email that the four-time over » |
Tuesday, November 13, 2012
Crist vetoes insurance reform act - New Mexico Business Weekly:
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The so-called Consumer Choice act was primarily aimefd atState Farm, the state’s largest private property insurer, which announced in January that it woulde withdraw from the Florida market. State Farm never said whether the right to pick customers and set rates on its own woulcd changeits decision. In an letter to Secretary of State Kurt Browning that accompaniedthe veto, Crist said the act, knowbn as House Bill 1171, would reversw a trend of lowered rates. “This will likely result in significantt and unprecedented rate increases during difficulteconomic times, people simply can’tr afford,” Crist said.
Crist said that if the act becames law, it would red line high-risk parts of the statw and underminemarketplace competition. Proponents of the bill have arguer that Florida needs big insurers with pockets deep enougy to cover costs associated withlarge Insurers, including State Farm, have said the Floridqa regulators won’t allow rate increases to cover theid risks, making coverage in the hurricane-prone state an unsoun d risk.
The so-called Consumer Choice act was primarily aimefd atState Farm, the state’s largest private property insurer, which announced in January that it woulde withdraw from the Florida market. State Farm never said whether the right to pick customers and set rates on its own woulcd changeits decision. In an letter to Secretary of State Kurt Browning that accompaniedthe veto, Crist said the act, knowbn as House Bill 1171, would reversw a trend of lowered rates. “This will likely result in significantt and unprecedented rate increases during difficulteconomic times, people simply can’tr afford,” Crist said.
Crist said that if the act becames law, it would red line high-risk parts of the statw and underminemarketplace competition. Proponents of the bill have arguer that Florida needs big insurers with pockets deep enougy to cover costs associated withlarge Insurers, including State Farm, have said the Floridqa regulators won’t allow rate increases to cover theid risks, making coverage in the hurricane-prone state an unsoun d risk.
Sunday, November 11, 2012
Ala Moana Center a 'gold mine' - Pacific Business News (Honolulu):
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A from U.S. News & Worlde Report magazine used data from to identify mallx where the retail busines s remains healthy despitethe recession. The report used data including sales, occupancy rates and quality grades for about 650 of the biggest shopping centers inthe U.S. Ala Moana has an estimatex occupancy rate of95 percent, with $1,12 in sales per square foot. The centef has annual sales of morethan $1 according to the report, which “This upscale shopping mecca near Waikiki is a gold It was noted that while othee malls are having a hard time staying full, Ala Moanaw added a new wing with 30 more Other profitable malls listed in the report are Fashion Vallegy Mall in San Diego, Forum Shops at Caesarzs in Las Vegas, Westfiel d Garden State Plaza and The Mall at Short both in New Jersey, and the Mall at Millenia in Fla.
The report showed that the most profitablemallsx don’t rely on discounters, but insteade feature stores with strong brand identity such as Apple and Abercrombie & The best malls are located in densely populatec areas or tourist spots, as Ala Moana is, just blocks away from Waikikoi Beach. Ala Moana’s owner, , filed for Chaptee 11 bankruptcyin April.
A from U.S. News & Worlde Report magazine used data from to identify mallx where the retail busines s remains healthy despitethe recession. The report used data including sales, occupancy rates and quality grades for about 650 of the biggest shopping centers inthe U.S. Ala Moana has an estimatex occupancy rate of95 percent, with $1,12 in sales per square foot. The centef has annual sales of morethan $1 according to the report, which “This upscale shopping mecca near Waikiki is a gold It was noted that while othee malls are having a hard time staying full, Ala Moanaw added a new wing with 30 more Other profitable malls listed in the report are Fashion Vallegy Mall in San Diego, Forum Shops at Caesarzs in Las Vegas, Westfiel d Garden State Plaza and The Mall at Short both in New Jersey, and the Mall at Millenia in Fla.
The report showed that the most profitablemallsx don’t rely on discounters, but insteade feature stores with strong brand identity such as Apple and Abercrombie & The best malls are located in densely populatec areas or tourist spots, as Ala Moana is, just blocks away from Waikikoi Beach. Ala Moana’s owner, , filed for Chaptee 11 bankruptcyin April.
Saturday, November 10, 2012
Kingston grad spends semester in Guatemala - Tuscola Today
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Tuscola Today | Kingston grad spends semester in Guatemala Tuscola Today Kingston grad spends semester in Guatemala. Submitted by Compmanager on November 10, 2012 â€" 8:00 amNo Comment. 2009 Kingston High School graduate Katelyn Turner, left, helps her host mother Delia create an alfombra, a colorful carpet made of ... |
Wednesday, November 7, 2012
Tuesday, November 6, 2012
Police Investigating Leukemia Hoax - ABC News (blog)
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ABC News (blog) | Police Investigating Leukemia Hoax ABC News (blog) The story unraveled on Friday when a fake obituary was posted in the Vail Daily, and was investigated by local radio station KSKE. “Our beautiful angel Alexander Jordan lost his two-year battle with leukemia on Thursday at the age of 9,†reads the ... |
Sunday, November 4, 2012
Prevent Return Fraud - Independent Retailer
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Prevent Return Fraud Independent Retailer andrew wren Return fraud is a problem that plagues retailers all year round, however, holiday crowds and overflowing shelves provide greater opportunities for dishonest shoppers to take advantage of retailers. Last year, retailers estimated that, of ... |
Saturday, November 3, 2012
Analyst: YRC bankruptcy is
firukendu-anchored.blogspot.com
The Overland Park truckingt company’s ongoing negotiations with the union are at risk of analyst Art Hatfield said ina note. “Givehn the developments with the negotiations betweenh the two parties and the increasing uncertainty pertaininy to the outcome of those we believe a bankruptcy at YRC Worldwids is still likely in the nearto mid-term,” he While the parties have kept quiet aboutt the talks, YRC reportedly wanta to end its unioh pension payments for 14 months, whicb would provide savings of $500 million, and not make up for While that proposal would offer YRC significanty and badly needed liquidity during the period, it “would face a touguh and challenging road to becoming a Hatfield wrote.
“From what we YRC would not be conceding anythingh material to the pensionplans and/o its Teamsters employees under the proposal,” he wrote. “Additionally, if the proposal goes on to a vote tothe Teamster-represented employees at YRC, we believew the likelihood of a favorable vote would be low at given that the employees would be the ones to feel the brunyt of these terminated payments over the long term ... and that securitu provisions and protections for Teamstersw employees are not part of the concessionxs made by thecompany (to our knowledge).
” In Hatfield wrote, the Teamsters probably want paymenrt deferrals instead, which would be difficult for YRC because its lenders probably would be reluctant to let the company tie up assetse or real estate as collateral. And YRC probably has littlwe left to offeras collateral, he said. Hatfield changed his ratinhg on YRC sharesfrom “Market Perform” to “Notr Rated.” YRC began the recengt concessions talks with the Teamsterws on June 29. The pricre of YRC stock (Nasdaq: plunged Wednesday, dropping as low as 89 cents to hita 52-week low. The previous 52-weemk low was $1.20 on Nov. 20, accordingg to .
YRC closedf on Wednesday at 89 cents, down 35 or 28 percent, on volume of 20.2 milliojn shares. The stock’s average daily volumre the past three monthsis 3.6 million Overland Park-based YRC, which has roughly 49,000 employees — more than half of them uniohn members — has been weighed down by debt and a lengthyu freight recession, and lost $257. 4 million in the firstr quarter. It has integratedr subsidiaries, shut down facilities, laid off workerzs and sold property to try to cut cost andmaintain liquidity.
Early this year, Teamsters members agreed to a 10 percent wage cut and suspensionof cost-of-livingb adjustments through 2013 in exchange for a 15 percentg stake in the company. YRC also has been negotiatingg to defer union pension fund payments usin g company real estate as collateral and on June 18 securedc an agreement with the largest pension fund todefer $83 milliohn in payments. The unioh has said it also is reaching out tostakeholdere — such as pension funds and YRC’s lenders to address the cash issue. YRC ranks No. 2 on the Kansasa City BusinessJournal ’s list of area publiv companies.
The Overland Park truckingt company’s ongoing negotiations with the union are at risk of analyst Art Hatfield said ina note. “Givehn the developments with the negotiations betweenh the two parties and the increasing uncertainty pertaininy to the outcome of those we believe a bankruptcy at YRC Worldwids is still likely in the nearto mid-term,” he While the parties have kept quiet aboutt the talks, YRC reportedly wanta to end its unioh pension payments for 14 months, whicb would provide savings of $500 million, and not make up for While that proposal would offer YRC significanty and badly needed liquidity during the period, it “would face a touguh and challenging road to becoming a Hatfield wrote.
“From what we YRC would not be conceding anythingh material to the pensionplans and/o its Teamsters employees under the proposal,” he wrote. “Additionally, if the proposal goes on to a vote tothe Teamster-represented employees at YRC, we believew the likelihood of a favorable vote would be low at given that the employees would be the ones to feel the brunyt of these terminated payments over the long term ... and that securitu provisions and protections for Teamstersw employees are not part of the concessionxs made by thecompany (to our knowledge).
” In Hatfield wrote, the Teamsters probably want paymenrt deferrals instead, which would be difficult for YRC because its lenders probably would be reluctant to let the company tie up assetse or real estate as collateral. And YRC probably has littlwe left to offeras collateral, he said. Hatfield changed his ratinhg on YRC sharesfrom “Market Perform” to “Notr Rated.” YRC began the recengt concessions talks with the Teamsterws on June 29. The pricre of YRC stock (Nasdaq: plunged Wednesday, dropping as low as 89 cents to hita 52-week low. The previous 52-weemk low was $1.20 on Nov. 20, accordingg to .
YRC closedf on Wednesday at 89 cents, down 35 or 28 percent, on volume of 20.2 milliojn shares. The stock’s average daily volumre the past three monthsis 3.6 million Overland Park-based YRC, which has roughly 49,000 employees — more than half of them uniohn members — has been weighed down by debt and a lengthyu freight recession, and lost $257. 4 million in the firstr quarter. It has integratedr subsidiaries, shut down facilities, laid off workerzs and sold property to try to cut cost andmaintain liquidity.
Early this year, Teamsters members agreed to a 10 percent wage cut and suspensionof cost-of-livingb adjustments through 2013 in exchange for a 15 percentg stake in the company. YRC also has been negotiatingg to defer union pension fund payments usin g company real estate as collateral and on June 18 securedc an agreement with the largest pension fund todefer $83 milliohn in payments. The unioh has said it also is reaching out tostakeholdere — such as pension funds and YRC’s lenders to address the cash issue. YRC ranks No. 2 on the Kansasa City BusinessJournal ’s list of area publiv companies.
Friday, November 2, 2012
Business Alliance joins corporate tax fray - Austin Business Journal:
bertayfybuqutyp.blogspot.com
The proposal, put forward by Houswe and Senate Democrats, would boost the state’s corporate minimumk tax from thecurrent $10 level to between for companies earning less than $500,000, and $100,000p for companies earning more than $250 “The $10 Oregon corporater minimum tax has becomde a source of public scrutiny and wrote Steve Holwerda, the group's chair, in a news “We agree that the minimum tax should be but believe the changes must be modest and reasonable as the minimum taxes all (C-corporations) whether they are profitable or not.
” chief operating officer of Portland’z Ferguson Wellman Capital Management, added that the proposap “would be a majo r disincentive to operating a business in Oregon and is particularly harmful to businesses that are already losinfg money.” Holwerda sent a letter to the group's memberxs a day after Democrats have revised a May proposapl that would have charge a minimum between $250 and $60,000. The groupl also called for the state to use rainyday funds, reserve funds and stimulus money to help solv e Oregon’s $4.2 billion shortfall. The group further expressed concerabout “what appears to be an sentiment” in Salem.
“For our statde to be healthy, all sectords need to be successful and we need to join togethed to makethat happen,” Holwerda said.
The proposal, put forward by Houswe and Senate Democrats, would boost the state’s corporate minimumk tax from thecurrent $10 level to between for companies earning less than $500,000, and $100,000p for companies earning more than $250 “The $10 Oregon corporater minimum tax has becomde a source of public scrutiny and wrote Steve Holwerda, the group's chair, in a news “We agree that the minimum tax should be but believe the changes must be modest and reasonable as the minimum taxes all (C-corporations) whether they are profitable or not.
” chief operating officer of Portland’z Ferguson Wellman Capital Management, added that the proposap “would be a majo r disincentive to operating a business in Oregon and is particularly harmful to businesses that are already losinfg money.” Holwerda sent a letter to the group's memberxs a day after Democrats have revised a May proposapl that would have charge a minimum between $250 and $60,000. The groupl also called for the state to use rainyday funds, reserve funds and stimulus money to help solv e Oregon’s $4.2 billion shortfall. The group further expressed concerabout “what appears to be an sentiment” in Salem.
“For our statde to be healthy, all sectords need to be successful and we need to join togethed to makethat happen,” Holwerda said.
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