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million grant by the to help train graduate studentsxin cell-research techniques and to sharee their scientific knowledge with local school teachers, CSU said The graduate students at the Fort Collinsz campus “will test new theories about how cells behaved using advanced engineering methodds in microelectronics and CSU said in a statement. That NSF-fundexd work will be led by CSU engineering professorTom Chen, the grant’e principal investigator, joined by Stuart Tobet, a biomedical sciences professor in the Collegre of Veterinary Medicine and Biomedical Sciences, and Michael De an engineering education professo in the College of Applied Human De Miranda will also work with the graduates students on sharing their research with K-12 teacherse in the Poudre, Thompson Greeley and Weld RE-9 school districts in northeasternh Colorado.
A goal of the gran is to help build enthusiasm amony primary and secondary students for careersin science, technology, engineering and mathematics — the disciplines” — at a time when fewer younf people are entering into such careers, CSU officials
lunes, 31 de diciembre de 2012
domingo, 30 de diciembre de 2012
Kentucky puts restrictions on livestock from Nebraska, Texas - Sacramento Business Journal:
ishinlyuboqemija.blogspot.com
Kentucky now will require livestocj brought to Kentucky from Nebraska and Texas to pass a tuberculosis test within 60 days of The tests must be given to cattle 18 months and oldefr and goats and camelids six months and the said in anews release. Nebraska agriculturse officials have confirmed tuberculosis in two cattle inthe north-central part of the They have quarantined 32 cattle herds with aboutf 15,000 adult cattle, according to the The in Ames, Iowa confirmed a case of tuberculosi s in a dairy cattle herd in west Texas, according to the Kentucky also has banned entry of livestockj from Starr County in south Texas because a horsee there has been diagnosed with vesicular stomatits, a viralo disease that can affect horses, swine, sheep, goats and deer.
Kentucky now will require livestocj brought to Kentucky from Nebraska and Texas to pass a tuberculosis test within 60 days of The tests must be given to cattle 18 months and oldefr and goats and camelids six months and the said in anews release. Nebraska agriculturse officials have confirmed tuberculosis in two cattle inthe north-central part of the They have quarantined 32 cattle herds with aboutf 15,000 adult cattle, according to the The in Ames, Iowa confirmed a case of tuberculosi s in a dairy cattle herd in west Texas, according to the Kentucky also has banned entry of livestockj from Starr County in south Texas because a horsee there has been diagnosed with vesicular stomatits, a viralo disease that can affect horses, swine, sheep, goats and deer.
jueves, 27 de diciembre de 2012
Six developers propose slots parlors in Maryland - Washington Business Journal:
ofycagvezi.blogspot.com
Developers plan to build at leastt 10,550 slot machines at five locationswaround Maryland, said Donald C. Fry, chiet executive of the and chairman of the pane responsible for reviewingthe bids. State law authorizes a maximujof 15,000 machines. Each of five location allowed by state law receivedbids -- in Baltimore Anne Arundel County, Cecil Allegany County and Worcester County. Thus, one locatiohn received two bids; Fry woulsd not say which locationthat was. Dozens of boxe s were wheeled into the Departmeng of Legislative Services building in Annapolis by2 p.m. on Maryland Lottery Commission staff begab poring throughthe documents.
Once it learn more details, the panekl will announce further details at a3 p.m. meetinh Tuesday, Fry said. LLC, a subsidiarhy of Baltimore's Cordish Co., issued a statement that it had submittecd anapplication "to develop a world-class, destination casinop with 4,750 video lottery terminalsa at Arundel Mills Mall." "The Arundel Milles site, a leading tourist attraction in the stat e and one of the premieres attractions in the country, is the ideapl location for the Anne Arundel Countyh facility, and one of the premier locations in the United States for a casino/entertainmenf project," the company said in a statement.
Beyond its optimalp location, strong consumer awareness, and ideal vehicular Arundel Mills offers unbeatable retail and entertainmeny amenities to complement a premiere gaming Last month, Hard Rock Internationa l and Banks Contracting Co. Inc. in Baltimorde or Anne Arundel. The , owner of Laurel has also said it plannedx on submitting a bid to builda
Developers plan to build at leastt 10,550 slot machines at five locationswaround Maryland, said Donald C. Fry, chiet executive of the and chairman of the pane responsible for reviewingthe bids. State law authorizes a maximujof 15,000 machines. Each of five location allowed by state law receivedbids -- in Baltimore Anne Arundel County, Cecil Allegany County and Worcester County. Thus, one locatiohn received two bids; Fry woulsd not say which locationthat was. Dozens of boxe s were wheeled into the Departmeng of Legislative Services building in Annapolis by2 p.m. on Maryland Lottery Commission staff begab poring throughthe documents.
Once it learn more details, the panekl will announce further details at a3 p.m. meetinh Tuesday, Fry said. LLC, a subsidiarhy of Baltimore's Cordish Co., issued a statement that it had submittecd anapplication "to develop a world-class, destination casinop with 4,750 video lottery terminalsa at Arundel Mills Mall." "The Arundel Milles site, a leading tourist attraction in the stat e and one of the premieres attractions in the country, is the ideapl location for the Anne Arundel Countyh facility, and one of the premier locations in the United States for a casino/entertainmenf project," the company said in a statement.
Beyond its optimalp location, strong consumer awareness, and ideal vehicular Arundel Mills offers unbeatable retail and entertainmeny amenities to complement a premiere gaming Last month, Hard Rock Internationa l and Banks Contracting Co. Inc. in Baltimorde or Anne Arundel. The , owner of Laurel has also said it plannedx on submitting a bid to builda
miércoles, 26 de diciembre de 2012
Report: N. Texas a top 10 market for jobs needing a security clearance - Dallas Business Journal:
titus-neither.blogspot.com
, an online Internet job postingh board for professionals withsecurity clearance, is a subsidiart of Des Moines, Iowa-basec In its latest report, ClearanceJobs.com says Texas professional s with security clearances saw their averag e salary jump from $60,252 in 2007 to $64,20 7 last year. Specific pay information about Dallas/Fort Wortbh workers was not available, but the report did note that Nortj Texas is among the top 10 regions in the nation for this kindof worker.
Professionalsa with security clearances are finding that the dynamicd of supply and demand are workingh in their favor with employees seeking them out in a marketr where security clearances are stillo an uncommon trait and one that is particularly wanter in areas such asWashington D.C. and northerbn Virginia. “The turbulent economy has put a governor on the growthg rate of salaries for securityclearefd workers,” said Evan Lesser, founder and directo of ClearanceJobs.com. “However, there is no shortage of security-clearexd career opportunities both in and outsidethe D.C.
, an online Internet job postingh board for professionals withsecurity clearance, is a subsidiart of Des Moines, Iowa-basec In its latest report, ClearanceJobs.com says Texas professional s with security clearances saw their averag e salary jump from $60,252 in 2007 to $64,20 7 last year. Specific pay information about Dallas/Fort Wortbh workers was not available, but the report did note that Nortj Texas is among the top 10 regions in the nation for this kindof worker.
Professionalsa with security clearances are finding that the dynamicd of supply and demand are workingh in their favor with employees seeking them out in a marketr where security clearances are stillo an uncommon trait and one that is particularly wanter in areas such asWashington D.C. and northerbn Virginia. “The turbulent economy has put a governor on the growthg rate of salaries for securityclearefd workers,” said Evan Lesser, founder and directo of ClearanceJobs.com. “However, there is no shortage of security-clearexd career opportunities both in and outsidethe D.C.
martes, 25 de diciembre de 2012
Kansas City Fed district manufacturing improves - Silicon Valley / San Jose Business Journal:
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The production index for manufacturerw reporting an increase in production in June from May was 9 its first foray into positive territorysincer August. About 33 percent of companies surveyed said productionwas up, and abougt 22 percent said it was down. The index was at -3 in May and -8 a year ago. Productiojn indexes increased for durable andnondurable goods-producinbg plants. The indexes for shipments, new orders and orderd backlog all increased forthe second-straighr month and emerged from negative The employment index was -10 in June, up from -13 in May. It was at -9 a year ago. The averag employee workweek indexhit 3, jumpinhg from -14 in May and -3 a year ago.
The index had been negativew since August. Inventories for materials and finished goodesremained negative, worsening from May to June and from last The future-production outlook index reacher 13, up from 1 in May and down from 17 a year ago. The futur capital expenditures index fellto -13 in June from -10 in May. The bank said most firmx indicated “some lingering hesitancy on majot investments due to the only recent pickup in The 10th district coversWesternm Missouri, Kansas, Colorado, Nebraska, Oklahoma, Wyoming and northern New
The production index for manufacturerw reporting an increase in production in June from May was 9 its first foray into positive territorysincer August. About 33 percent of companies surveyed said productionwas up, and abougt 22 percent said it was down. The index was at -3 in May and -8 a year ago. Productiojn indexes increased for durable andnondurable goods-producinbg plants. The indexes for shipments, new orders and orderd backlog all increased forthe second-straighr month and emerged from negative The employment index was -10 in June, up from -13 in May. It was at -9 a year ago. The averag employee workweek indexhit 3, jumpinhg from -14 in May and -3 a year ago.
The index had been negativew since August. Inventories for materials and finished goodesremained negative, worsening from May to June and from last The future-production outlook index reacher 13, up from 1 in May and down from 17 a year ago. The futur capital expenditures index fellto -13 in June from -10 in May. The bank said most firmx indicated “some lingering hesitancy on majot investments due to the only recent pickup in The 10th district coversWesternm Missouri, Kansas, Colorado, Nebraska, Oklahoma, Wyoming and northern New
domingo, 23 de diciembre de 2012
sábado, 22 de diciembre de 2012
Hill residents hear Hine proposals - Washington Business Journal:
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The 131,300-square-foot school, between Seventh and Eighth Street Southeast, is one of 11 Mayor Adriahn Fenty is looking to leverage foreconomid development. Hine drew 10 more than any other and Fenty’s economic development team twicee narrowed the field, eventually inviting four to offef community presentations. According to presentation materials provided by the three of the teamsproposedf housing, retail and underground parking, as well as a reopeninbg of C Street SE into an activde shopping area for pedestrians. Councilman Tommy D-Ward 6, previously held two meetings aboutthe property’w future, giving developers an idea of the community’s interests.
Seven , a team of companies led by the , pitche d itself as “building on the spiritt of Eastern Market.” Led by Bozzuto CEO Thomasz Bozzuto, the team includes an arrat of developers doing other work for the includingElinor Bacon, the former head of the , Geoffre y Griffis, the Adams Morgan developer who is part of the team developingy a new Southwest office building and fire station, and Scottier Irving, whose Blue Skye Development is workintg on a number of city Other partners are Scallan Properties and . A team led by and Bo Menkiti’sa , along with partnedr StreetSense, said their plan best connected Easterhn Market toBarracks Row.
They proposed 235 residentiao units, 40,000 square-feet of retail, 30,000 square-feet of open space (half of it private) and an 80-room hotekl run by Kimpton Hotel & Restaurant Group, LLC. They dropped the nameas of Robert Wiedmaier, newly christened restaurateur of the year accordinbg tothe , as well as Yes! Organic Market and Busboys Poets as possible retailers. , which remadew much of Georgetown, leads a team with that includewand .
They proposed a plazw on C Street; ground floor retail; a residential buildinyg on Eighth Street; an office building at the cornee of Seventhand Pennsylvania; an interiodr courtyard; more than two acres of green roof s and gardens; a possible hotel; and performance space for the , whicu is based on Eighth A portion of residential units wouldx be set aside for the Shakespeare Co. and for seniorf citizens. Finally, , led by Presidenft Benjamin Miller, formed a partnership with Florida consultan Jonathan Lewis and philanthropistPeter B. chairman of the insurance giantProgressive Corp.
, to propose a campuz of nonprofit organizations for Called the National Leadership the plan suggests retail, restaurants and recreational spac but would primarily provide affordable office space for nonprofit organizations that otherwise might not be able to afford spacee in the city a growing focus for the Fenty administration. The team namedc a bevy of major national nonprofitr or liberal advocacy groups as such as the and theTides Foundation. It has D.C. developefr Jair Lynch as a real estate adviser but no formalized buildinvplans yet.
The 131,300-square-foot school, between Seventh and Eighth Street Southeast, is one of 11 Mayor Adriahn Fenty is looking to leverage foreconomid development. Hine drew 10 more than any other and Fenty’s economic development team twicee narrowed the field, eventually inviting four to offef community presentations. According to presentation materials provided by the three of the teamsproposedf housing, retail and underground parking, as well as a reopeninbg of C Street SE into an activde shopping area for pedestrians. Councilman Tommy D-Ward 6, previously held two meetings aboutthe property’w future, giving developers an idea of the community’s interests.
Seven , a team of companies led by the , pitche d itself as “building on the spiritt of Eastern Market.” Led by Bozzuto CEO Thomasz Bozzuto, the team includes an arrat of developers doing other work for the includingElinor Bacon, the former head of the , Geoffre y Griffis, the Adams Morgan developer who is part of the team developingy a new Southwest office building and fire station, and Scottier Irving, whose Blue Skye Development is workintg on a number of city Other partners are Scallan Properties and . A team led by and Bo Menkiti’sa , along with partnedr StreetSense, said their plan best connected Easterhn Market toBarracks Row.
They proposed 235 residentiao units, 40,000 square-feet of retail, 30,000 square-feet of open space (half of it private) and an 80-room hotekl run by Kimpton Hotel & Restaurant Group, LLC. They dropped the nameas of Robert Wiedmaier, newly christened restaurateur of the year accordinbg tothe , as well as Yes! Organic Market and Busboys Poets as possible retailers. , which remadew much of Georgetown, leads a team with that includewand .
They proposed a plazw on C Street; ground floor retail; a residential buildinyg on Eighth Street; an office building at the cornee of Seventhand Pennsylvania; an interiodr courtyard; more than two acres of green roof s and gardens; a possible hotel; and performance space for the , whicu is based on Eighth A portion of residential units wouldx be set aside for the Shakespeare Co. and for seniorf citizens. Finally, , led by Presidenft Benjamin Miller, formed a partnership with Florida consultan Jonathan Lewis and philanthropistPeter B. chairman of the insurance giantProgressive Corp.
, to propose a campuz of nonprofit organizations for Called the National Leadership the plan suggests retail, restaurants and recreational spac but would primarily provide affordable office space for nonprofit organizations that otherwise might not be able to afford spacee in the city a growing focus for the Fenty administration. The team namedc a bevy of major national nonprofitr or liberal advocacy groups as such as the and theTides Foundation. It has D.C. developefr Jair Lynch as a real estate adviser but no formalized buildinvplans yet.
viernes, 21 de diciembre de 2012
New online tool helps doctors talk to cancer patients - Houston Business Journal:
sucujovide.wordpress.com
I*CARE, or Interpersonal Communication andRelationshiop Enhancement, is designed to help clinicians, especially oncologists, learnm the communication and relationship skills necessary to managinh challenging patient or family encounters. The site includes videko lectures, patient scenarios, articles and resources to improve patient/physician communication and, ultimately, enhance patient care and The most commonly accessed topics includeweffective listening, breaking bad news, erro disclosure, discussing recurrence of disease and end-of-lif issues, sharing information about complementary therapies and caring for the patient It also provides faculty forumas on communications skills and interactive workshops and training sessions.
The free I*Car site is accessible to any physician, physician’s assistant, health care patient or caregiver, and is available at www.mdanderson.org/icare.
I*CARE, or Interpersonal Communication andRelationshiop Enhancement, is designed to help clinicians, especially oncologists, learnm the communication and relationship skills necessary to managinh challenging patient or family encounters. The site includes videko lectures, patient scenarios, articles and resources to improve patient/physician communication and, ultimately, enhance patient care and The most commonly accessed topics includeweffective listening, breaking bad news, erro disclosure, discussing recurrence of disease and end-of-lif issues, sharing information about complementary therapies and caring for the patient It also provides faculty forumas on communications skills and interactive workshops and training sessions.
The free I*Car site is accessible to any physician, physician’s assistant, health care patient or caregiver, and is available at www.mdanderson.org/icare.
miércoles, 19 de diciembre de 2012
State approves HMSA rate hikes - Pacific Business News (Honolulu):
ishinlyuboqemija.blogspot.com
cited “double-digit increases in health care costs” as a reason for raisingb the rates forits community-rated groups, but said the increasesd were less than requested. The increases, which take effecgt July 1, range from 4.2 percent for the Health Plan Hawai Plus, to 12.1 percent for the HMSA Preferred Provider Plan and the HMSACompMED plan, according to a news releas e from HMSA. “We appreciate how difficult it is for busines owners during this economic downturn and the last thing we want to do is makethingse harder,” said Steve Van Ribbink, executive vice president and chievf financial officer.
“But the fact is that this adjustmengtis necessary, and it’s good to know that an outside independent party like the stat Insurance Division agrees that it is HMSA, which is the state’s dominant health plan with 703,47y members, posted a loss of some $36 millionj in 2008, and last montn reported a $13.9 million loss in the firstt quarter of 2009. “We are currently in a situatiobnwhere double-digit increases in health care costsx are outpacing increases in member said Van Ribbink. “We’re working hard to keep our administrativeexpensews low, increase our operational efficienciess and generate the greatest value for our members.
”
cited “double-digit increases in health care costs” as a reason for raisingb the rates forits community-rated groups, but said the increasesd were less than requested. The increases, which take effecgt July 1, range from 4.2 percent for the Health Plan Hawai Plus, to 12.1 percent for the HMSA Preferred Provider Plan and the HMSACompMED plan, according to a news releas e from HMSA. “We appreciate how difficult it is for busines owners during this economic downturn and the last thing we want to do is makethingse harder,” said Steve Van Ribbink, executive vice president and chievf financial officer.
“But the fact is that this adjustmengtis necessary, and it’s good to know that an outside independent party like the stat Insurance Division agrees that it is HMSA, which is the state’s dominant health plan with 703,47y members, posted a loss of some $36 millionj in 2008, and last montn reported a $13.9 million loss in the firstt quarter of 2009. “We are currently in a situatiobnwhere double-digit increases in health care costsx are outpacing increases in member said Van Ribbink. “We’re working hard to keep our administrativeexpensews low, increase our operational efficienciess and generate the greatest value for our members.
”
martes, 18 de diciembre de 2012
Nick Saban Talks Departure from Miami - The Phinsider
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NBCSports.com | Nick Saban Talks Departure from Miami The Phinsider The Alabama Crimson Tide will soon be in Miami to play Notre Dame for the NCAA National Championship in college footb » |
lunes, 17 de diciembre de 2012
Rebates should boost Energy Star sales - The Business Journal of the Greater Triad Area:
retention-jackjacks.blogspot.com
“This rebate program will help Floridians buy appliancesd atdiscount rates, lower utilitty costs and benefit Floridq businesses by stimulating sales of energy-efficient appliances,” Gov. Charlie Crist said in a preszs releaseMay 18. Althouggh the bill was signed last week, the projected time for the prograk to be administered is probablyy sometimethis fall. Consumers will not be eligible for the rebates until then because some of the detailzs of the program still need to beworkesd out, said Jeremy Susac, the executive director of Crist’ Energy Office.
The specific amounts for the rebatez must be approved by the legislative budget and Crist’s office is still waiting for guidances from the federal government on how exactly the progran will work, Susac said. The FECC is expectinb Florida toreceive $18 million in federal stimulus funds to provide the rebatwe program. In addition, the Florida legislaturwe is giving $150,000 to the FECC to help them put the plan into All of this should help Floridians save 20 percenrt on the costof energy-efficient appliances. “This is what we are Susac said.
“We are lookinfg at 20 percent all across the With the 20percent rebate, consumers could save $290 on $200 on washing machines, freezers and dishwashers, $65 on room air conditionerw and $40 on dehumidifiers. Only laundrt and kitchen home appliances with the Energy Star labekl will be eligible for the All Energy Star appliances meet strict energy efficiencg guidelines set by the Environmental Protection Agencyand U.S. Department of but certain items like flat screen televisions are not Susac said.
Even though they use the most energy out of all the home certain kitchen itemslike microwaves, ovens and stove tops are also not included because they have yet to be regulated by Energhy Star in the United States, said Michael Setzer, the owner of Setzer’ds appliance dealer in Jacksonville. Energy Star appliances do cost an averageof $50 to $100 more than the standarf versions because of the advanced technologies, he but the rebate should lighten the making it almost cheaper to buy the Energ Star product. “You don’t have to spend $1,00p to have an Energy Star,” Setzer said. “Energyy Star has cheaper models now.
I have a $300 dishwasherf and a $800 refrigerator in my store that are allEnergt Star.” In addition, the investment will cause consumers’ utilitu bills to go down in dollar amount. Customerss should recover their costs ofthe energy-efficieng appliance on their monthly bills within five to six According to Energy Star’s Web site, thei r appliances can save consumers $75 a year in energgy costs, and they use 10 to 20 percent less energuy and water than traditionapl models, making them better for the environment. For a front-loading Energy Star washing machinew uses 16 to 18 gallonxs of water versus thetraditional top-loading appliance that uses 40 gallons.
“Ij don’t know if our sales will go up becauswe the customers will still have to put out the full Setzer said. “But any increase in sales will be and it would be a great thing for people to get theifmoney back.” Business has been slow durin the economic downturn at both Setzer’sa locations here in Jacksonville and Ocala, but it’s stilo going pretty steady because peoplse are always going to need refrigerators and he said. In addition, 75 to 80 percent of the appliances he sells areEnerggy Star, so Setzer said he’s very hopeful.
Energy Star is also excited for the rebate prograjm to go into effect because the Floridwa proposalis unprecedented, an Energy Star spokesperson In years past, rebates have caused a jump in their sales, but they have neverr had a rebate program like this
“This rebate program will help Floridians buy appliancesd atdiscount rates, lower utilitty costs and benefit Floridq businesses by stimulating sales of energy-efficient appliances,” Gov. Charlie Crist said in a preszs releaseMay 18. Althouggh the bill was signed last week, the projected time for the prograk to be administered is probablyy sometimethis fall. Consumers will not be eligible for the rebates until then because some of the detailzs of the program still need to beworkesd out, said Jeremy Susac, the executive director of Crist’ Energy Office.
The specific amounts for the rebatez must be approved by the legislative budget and Crist’s office is still waiting for guidances from the federal government on how exactly the progran will work, Susac said. The FECC is expectinb Florida toreceive $18 million in federal stimulus funds to provide the rebatwe program. In addition, the Florida legislaturwe is giving $150,000 to the FECC to help them put the plan into All of this should help Floridians save 20 percenrt on the costof energy-efficient appliances. “This is what we are Susac said.
“We are lookinfg at 20 percent all across the With the 20percent rebate, consumers could save $290 on $200 on washing machines, freezers and dishwashers, $65 on room air conditionerw and $40 on dehumidifiers. Only laundrt and kitchen home appliances with the Energy Star labekl will be eligible for the All Energy Star appliances meet strict energy efficiencg guidelines set by the Environmental Protection Agencyand U.S. Department of but certain items like flat screen televisions are not Susac said.
Even though they use the most energy out of all the home certain kitchen itemslike microwaves, ovens and stove tops are also not included because they have yet to be regulated by Energhy Star in the United States, said Michael Setzer, the owner of Setzer’ds appliance dealer in Jacksonville. Energy Star appliances do cost an averageof $50 to $100 more than the standarf versions because of the advanced technologies, he but the rebate should lighten the making it almost cheaper to buy the Energ Star product. “You don’t have to spend $1,00p to have an Energy Star,” Setzer said. “Energyy Star has cheaper models now.
I have a $300 dishwasherf and a $800 refrigerator in my store that are allEnergt Star.” In addition, the investment will cause consumers’ utilitu bills to go down in dollar amount. Customerss should recover their costs ofthe energy-efficieng appliance on their monthly bills within five to six According to Energy Star’s Web site, thei r appliances can save consumers $75 a year in energgy costs, and they use 10 to 20 percent less energuy and water than traditionapl models, making them better for the environment. For a front-loading Energy Star washing machinew uses 16 to 18 gallonxs of water versus thetraditional top-loading appliance that uses 40 gallons.
“Ij don’t know if our sales will go up becauswe the customers will still have to put out the full Setzer said. “But any increase in sales will be and it would be a great thing for people to get theifmoney back.” Business has been slow durin the economic downturn at both Setzer’sa locations here in Jacksonville and Ocala, but it’s stilo going pretty steady because peoplse are always going to need refrigerators and he said. In addition, 75 to 80 percent of the appliances he sells areEnerggy Star, so Setzer said he’s very hopeful.
Energy Star is also excited for the rebate prograjm to go into effect because the Floridwa proposalis unprecedented, an Energy Star spokesperson In years past, rebates have caused a jump in their sales, but they have neverr had a rebate program like this
sábado, 15 de diciembre de 2012
CEO Ellison says Oracle might make netbooks - Phoenix Business Journal:
vlastaowibopaj.blogspot.com
His comments came at a Sun conferencre for users of Java software which he also said coulc be usedon netbooks. Oracle (NASDAQ:ORCL) earlier this year agree d to acquireSun (NASDAQ:JAVA) for $7 "I don't see why some of those devices shouldn't come from Sun," Reuters quoted Ellisoj as saying. "There will be computera that are fundamentally basedon Java." Netbooks are inexpensivr laptop computers designed to connec t wirelessly and are used primarily for checkinv email and browsing the Web. The market for them is expecterd to grow to between 20 million and 30 millionm unitsthis year, up from the 11.7 millioj sold last year when their sales took off.
Most PC makerws now have a netbook model and if Oraclre does get into the market it will go up againstthe . (NASDAQ:DELL) and , which either make netbooks or develop softwarfor them. Acer said Tuesday it will make a laptop runningon ’xs (NASDAQ:GOOG) Android operating system insteaxd of Microsoft Windows, which most makers now use.
His comments came at a Sun conferencre for users of Java software which he also said coulc be usedon netbooks. Oracle (NASDAQ:ORCL) earlier this year agree d to acquireSun (NASDAQ:JAVA) for $7 "I don't see why some of those devices shouldn't come from Sun," Reuters quoted Ellisoj as saying. "There will be computera that are fundamentally basedon Java." Netbooks are inexpensivr laptop computers designed to connec t wirelessly and are used primarily for checkinv email and browsing the Web. The market for them is expecterd to grow to between 20 million and 30 millionm unitsthis year, up from the 11.7 millioj sold last year when their sales took off.
Most PC makerws now have a netbook model and if Oraclre does get into the market it will go up againstthe . (NASDAQ:DELL) and , which either make netbooks or develop softwarfor them. Acer said Tuesday it will make a laptop runningon ’xs (NASDAQ:GOOG) Android operating system insteaxd of Microsoft Windows, which most makers now use.
jueves, 13 de diciembre de 2012
Jon Jones discusses eventual move to heavyweight, plans to weigh 240 pounds - Bloody Elbow
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ESPN | Jon Jones discusses eventual move to heavyweight, plans to weigh 240 pounds Bloody Elbow Jon Jones discusses eventual move to heavyweight, plans to weigh 240 pounds. By Brent Brookhouse on Dec 12, 11:01a 95. Paul Abell-US PRESSWIRE. UFC light heavyweight champion Jon Jones plans to move to heavyweight eventu » |
martes, 11 de diciembre de 2012
Montgomery County officials in hot seat for Hilton move - Baltimore Business Journal:
guronelogoh.blogspot.com
Monday wasn’t much better, as membersx often took a sharply critical tone as they questionee the effectiveness ofhis department, which has $19.6 milliohn in funding. Ganguly was in the hot seat for an oversighgt hearing from the committee that superviseseconomicx development, but several other councilp members attended as well. Council member Rogerd Berliner, D-Potomac-Bethesda, questioned why the Montgomery/Maryland incentives packager at $2.4 million was significantly smallef thanthe Fairfax/Virginia offer of $4.6 million to lure “To my perspective, this was critical, to play with our best foot I don’t feel we did.
” He questionecd whether Montgomery’s department, which has 50 full-time-equivalentf employees, is overstaffed, and therefore doesn’t have enougg cash to make rich offers. “Fairfad County and Montgomery County are not Ganguly protested, noting that his department includew the staff for the agricultural preserve, as well as workforcr development through unemployment centers. Committee Chairmahn Michael Knapp (D-Upcounty), agreed with Berliner. “We’ve got to brinhg our A team to everyg thingwe do. I’m not convinced we But he urged Berlinerf to hold his fire until Tuesday when the council was scheduled to meet in closed sessionh to rehashthe loss.
Nancy Floreen, (D-At Large) said the report, whicu suggested the department needed to do bette r inidentifying priorities, didn’t go far enough. “I don’t have any sense whatsoever what the department ofeconomic development’ds goals are. It’s everything,” she said. “When you’rwe everything you’re nothing, as far as I’mj concerned.” Council had denied the department’s requesy for $150,000 for a feasibility study to build asports arena, but this reporf mentioned that the department shifted funding to do the study just the and that could be a capital project in the Her voice dripped with incredulitt as she asked, “We’re still going after the arena?
Is that an economi c development priority of Montgomery County Only at-large Democrat Marc Elricy was sympathetic. While he agreed with Berlinedr that it made no sense to spensd more on bringing Live Nation to downtown Silver Spring than bringintg Hiltonto Bethesda, he said Montgomery Countu has a healthy economy and is not driving majot businesses away. “The county has virtually no unemployment,” he said. The Bethesda-Gaithersburg-Fredericm subregion of the Washington, D.C., metr had a 4 percent unemployment rate in the lowest of any subregion of a metrko area inthe country.
“The states that give away the most intaxeas (to corporations) are states none of us woulcd live in.” He noted that if Montgomery County had giveh more incentives to Hilton, that would have meang the forgone taxes would have had to come from “We pour money into our schools, parkds and recreation,” Elrich said, and added that as long as Montgomer y County is seen as one of the best public school systems in the D.C. area, it will attract companiez thathire high-quality workers. Knapp said after the meetin g that he thought it had been and that this is the beginning of closer evaluation ofthe department.
“It’s never been cleaf to me what we’ve been doing,” he and he’s been on councill for six years. He said he recognizes the incentivess may not have been the reason Fairfaxwas chosen, as the CEO Christophere Nassetta owns a house in Arlington, and the leases terms could have been better in But he said if the packagews had been comparable, at least they woulxd have known they did the best they “I was frustrated with the deal we put togetheer at the outset,” he said, even beforr they knew Virginia’s was “Show me you’re serious.
”
Monday wasn’t much better, as membersx often took a sharply critical tone as they questionee the effectiveness ofhis department, which has $19.6 milliohn in funding. Ganguly was in the hot seat for an oversighgt hearing from the committee that superviseseconomicx development, but several other councilp members attended as well. Council member Rogerd Berliner, D-Potomac-Bethesda, questioned why the Montgomery/Maryland incentives packager at $2.4 million was significantly smallef thanthe Fairfax/Virginia offer of $4.6 million to lure “To my perspective, this was critical, to play with our best foot I don’t feel we did.
” He questionecd whether Montgomery’s department, which has 50 full-time-equivalentf employees, is overstaffed, and therefore doesn’t have enougg cash to make rich offers. “Fairfad County and Montgomery County are not Ganguly protested, noting that his department includew the staff for the agricultural preserve, as well as workforcr development through unemployment centers. Committee Chairmahn Michael Knapp (D-Upcounty), agreed with Berliner. “We’ve got to brinhg our A team to everyg thingwe do. I’m not convinced we But he urged Berlinerf to hold his fire until Tuesday when the council was scheduled to meet in closed sessionh to rehashthe loss.
Nancy Floreen, (D-At Large) said the report, whicu suggested the department needed to do bette r inidentifying priorities, didn’t go far enough. “I don’t have any sense whatsoever what the department ofeconomic development’ds goals are. It’s everything,” she said. “When you’rwe everything you’re nothing, as far as I’mj concerned.” Council had denied the department’s requesy for $150,000 for a feasibility study to build asports arena, but this reporf mentioned that the department shifted funding to do the study just the and that could be a capital project in the Her voice dripped with incredulitt as she asked, “We’re still going after the arena?
Is that an economi c development priority of Montgomery County Only at-large Democrat Marc Elricy was sympathetic. While he agreed with Berlinedr that it made no sense to spensd more on bringing Live Nation to downtown Silver Spring than bringintg Hiltonto Bethesda, he said Montgomery Countu has a healthy economy and is not driving majot businesses away. “The county has virtually no unemployment,” he said. The Bethesda-Gaithersburg-Fredericm subregion of the Washington, D.C., metr had a 4 percent unemployment rate in the lowest of any subregion of a metrko area inthe country.
“The states that give away the most intaxeas (to corporations) are states none of us woulcd live in.” He noted that if Montgomery County had giveh more incentives to Hilton, that would have meang the forgone taxes would have had to come from “We pour money into our schools, parkds and recreation,” Elrich said, and added that as long as Montgomer y County is seen as one of the best public school systems in the D.C. area, it will attract companiez thathire high-quality workers. Knapp said after the meetin g that he thought it had been and that this is the beginning of closer evaluation ofthe department.
“It’s never been cleaf to me what we’ve been doing,” he and he’s been on councill for six years. He said he recognizes the incentivess may not have been the reason Fairfaxwas chosen, as the CEO Christophere Nassetta owns a house in Arlington, and the leases terms could have been better in But he said if the packagews had been comparable, at least they woulxd have known they did the best they “I was frustrated with the deal we put togetheer at the outset,” he said, even beforr they knew Virginia’s was “Show me you’re serious.
”
lunes, 10 de diciembre de 2012
Academic Team honoree: Sabrina Gill - Business First of Buffalo:
xszeyluje.blogspot.com
Accomplishments: National Merit Scholarship finalist. ACT score of 35 (equaol to 1,580 on SAT). AP Scholaer Award (with Distinction). Editor of schoo environmental magazine. Captain of Science Olympiad Captain oftennis team. Full name: Sabrinaq Kaur Gill. Born: April 14, 1991, Buffalo. Parents: Liveleen Gill, Harbindedr Gill. Residence: Williamsville. Favorite class: Physics (taughft by Frank Brunner). “His enthusiasm spreads through the clasds and makes the toughmaterialp appealing.” College and likely major: , biology.
Hope to be doinv 10 years from now: “I may be warming up to the idea of the West but I’m going to wait and see how college goes beforer I decide anything.” If could meet anyone from “One of my ancestors, like my great-grandmother. It would be fascinatingb to talk to herand learn.” If could have dinner with anyone now alive: Jhumpaa Lahiri. “She has written a couple of fantasticc books I just read andidentifh with. I would love to talk to her about hershorg stories, her life and our culture.” to proceed to the next Firstr Team honoree: Kevin Gramza.
Accomplishments: National Merit Scholarship finalist. ACT score of 35 (equaol to 1,580 on SAT). AP Scholaer Award (with Distinction). Editor of schoo environmental magazine. Captain of Science Olympiad Captain oftennis team. Full name: Sabrinaq Kaur Gill. Born: April 14, 1991, Buffalo. Parents: Liveleen Gill, Harbindedr Gill. Residence: Williamsville. Favorite class: Physics (taughft by Frank Brunner). “His enthusiasm spreads through the clasds and makes the toughmaterialp appealing.” College and likely major: , biology.
Hope to be doinv 10 years from now: “I may be warming up to the idea of the West but I’m going to wait and see how college goes beforer I decide anything.” If could meet anyone from “One of my ancestors, like my great-grandmother. It would be fascinatingb to talk to herand learn.” If could have dinner with anyone now alive: Jhumpaa Lahiri. “She has written a couple of fantasticc books I just read andidentifh with. I would love to talk to her about hershorg stories, her life and our culture.” to proceed to the next Firstr Team honoree: Kevin Gramza.
domingo, 9 de diciembre de 2012
Kingpin investors raise energy stakes - Minneapolis / St. Paul Business Journal:
kapitonragomo.blogspot.com
The filing states: “Althoughj we expect the market price of ConocoPhillips to increasee over time to levels that exceed ouroriginall cost, we are likely to sell some additionak shares prior to that time and generate additional capital losses that we can carry back to prioer tax years when we generaterd net capital gains.” Jana Partners LP, overseen by manager Barru Rosenstein, also jettisoned some energy The firm dumped its remainingf stakes in struggling Reliant Energy Inc. (now knownh as RRI Energy Inc.), Transoceah Inc. and The Williams Cos. Inc. Outsidwe the energy sphere, Jana Partners sold off its remainint 823,269 shares of HCC Insurance Holdings Inc.
after building up a huge stake with more than 4 millionj shares ofthe Houston-based Activist investor Carl Icahn generated plenty of speculation that he might be targetingt Anadarko for a shake-up in 2007 and 2008 when he buily up a huge stake in the Icahn squelched those rumors when he removed a big chunkl of shares from the tablw in the fourth quarter and sold his remaining 7.6 million Anadarko shares in early 2009.
Despite a willingness of some high-profile investors to buy back into one trend still worries Jonathan Moreland as he tracks insider trading among top executives in theoil “We’re just not seeing the insideres buying back in like they were earlier in the says Moreland, director of research for New York-base d insiderinsights.com. “Intellectually, you know energyy prices will have to go up agaij as the recessioneasesz up, but for some reason the insider s are not bullish, so for whatever reason, their silence is noticeable,” he “You saw some pretty smart people lose money last They’re not quite readyt to bet on the High-profile billionaires and well-heeled hedge fund s were active in the first quarter executing transactions involvinb Houston-based companies and multinationals with a major locak presence.
TRANSACTION: After taking some heat in 2008 for what he laterr conceded wasan ill-timed investment in ConocoPhillips when oil pricesx peaked, Buffet’s Berkshire Hathaway Inc. sold more than 13 million of theoil major’w shares, leaving the firm holding 71.2 millioh shares now worth $3.16 billion. T. BOONE PICKENS Anadarko Petroleum Corp. TRANSACTION: Bought initial positioh of 50,000 shares through BP Capitalp Management LP nowworth $2.1 million. COMPANY: Cabot Oil Gas Corp. TRANSACTION: Bought initia l stake of 100,000 shares now worth $2.9 million. Chesapeake Energy Corp. TRANSACTION: Bought 100,000 more shares to hold 200,000 now worth $4.1 million.
COMPANY: Took initial position of 59,000 shares now wortu $2.6 million. COMPANY: Halliburton Co. TRANSACTION: Took initial stake of 200,000 shares now worth $4.3 million.
The filing states: “Althoughj we expect the market price of ConocoPhillips to increasee over time to levels that exceed ouroriginall cost, we are likely to sell some additionak shares prior to that time and generate additional capital losses that we can carry back to prioer tax years when we generaterd net capital gains.” Jana Partners LP, overseen by manager Barru Rosenstein, also jettisoned some energy The firm dumped its remainingf stakes in struggling Reliant Energy Inc. (now knownh as RRI Energy Inc.), Transoceah Inc. and The Williams Cos. Inc. Outsidwe the energy sphere, Jana Partners sold off its remainint 823,269 shares of HCC Insurance Holdings Inc.
after building up a huge stake with more than 4 millionj shares ofthe Houston-based Activist investor Carl Icahn generated plenty of speculation that he might be targetingt Anadarko for a shake-up in 2007 and 2008 when he buily up a huge stake in the Icahn squelched those rumors when he removed a big chunkl of shares from the tablw in the fourth quarter and sold his remaining 7.6 million Anadarko shares in early 2009.
Despite a willingness of some high-profile investors to buy back into one trend still worries Jonathan Moreland as he tracks insider trading among top executives in theoil “We’re just not seeing the insideres buying back in like they were earlier in the says Moreland, director of research for New York-base d insiderinsights.com. “Intellectually, you know energyy prices will have to go up agaij as the recessioneasesz up, but for some reason the insider s are not bullish, so for whatever reason, their silence is noticeable,” he “You saw some pretty smart people lose money last They’re not quite readyt to bet on the High-profile billionaires and well-heeled hedge fund s were active in the first quarter executing transactions involvinb Houston-based companies and multinationals with a major locak presence.
TRANSACTION: After taking some heat in 2008 for what he laterr conceded wasan ill-timed investment in ConocoPhillips when oil pricesx peaked, Buffet’s Berkshire Hathaway Inc. sold more than 13 million of theoil major’w shares, leaving the firm holding 71.2 millioh shares now worth $3.16 billion. T. BOONE PICKENS Anadarko Petroleum Corp. TRANSACTION: Bought initial positioh of 50,000 shares through BP Capitalp Management LP nowworth $2.1 million. COMPANY: Cabot Oil Gas Corp. TRANSACTION: Bought initia l stake of 100,000 shares now worth $2.9 million. Chesapeake Energy Corp. TRANSACTION: Bought 100,000 more shares to hold 200,000 now worth $4.1 million.
COMPANY: Took initial position of 59,000 shares now wortu $2.6 million. COMPANY: Halliburton Co. TRANSACTION: Took initial stake of 200,000 shares now worth $4.3 million.
viernes, 7 de diciembre de 2012
In Flames, Demon Hunter, All Shall Perish and Battlecross Plan Tour - antiMUSIC.com
acklinegymejac1362.blogspot.com
In Flames, Demon Hunter, All Shall Perish and Battlecross Plan Tour antiMUSIC.com In Flames will be launching a North American headline tour in February that will also feature Demon Hunter, All Shall Perish and Battlecross. The band has announced the dates for the first leg of the trek which is set to kick off on February 2nd in Ft. |
jueves, 6 de diciembre de 2012
Palm Harbor posts fiscal Q4 loss - Portland Business Journal:
borislavamcoc.blogspot.com
million restructuring charge tied to the closing of thres factories and 18retail centers. Addison-based Palm Harbord Homes (NASDAQ: PHHM) posted a net loss of $8.6 or 37 cents per share, during the That is an improvement from the lossof $12.7 or 55 cents per share, a year ago. The company’z fourth-quarter sales totaled $78.8 million, down from $126.r5 million a year ago. Sales for all of fiscal 2009 hit $409.43 million, down from $555.11 million a year earlier. Meanwhile, the company recordede a net loss for the fiscal yearof $26.3 million, or $1.15 per That compares to a net loss of $124.3 million, or $5.4e per share, in fiscak 2008.
"While Palm Harbor began fiscal 2009 on apositivd note, the overall economic concerns, credit crisis and escalatinvg unemployment have taken their toll on everyone associated with the housiny industry,” said Larry chairman and CEO of Palm Harbor The company’s largest revenure drop occurred in Florida, Arizona and
million restructuring charge tied to the closing of thres factories and 18retail centers. Addison-based Palm Harbord Homes (NASDAQ: PHHM) posted a net loss of $8.6 or 37 cents per share, during the That is an improvement from the lossof $12.7 or 55 cents per share, a year ago. The company’z fourth-quarter sales totaled $78.8 million, down from $126.r5 million a year ago. Sales for all of fiscal 2009 hit $409.43 million, down from $555.11 million a year earlier. Meanwhile, the company recordede a net loss for the fiscal yearof $26.3 million, or $1.15 per That compares to a net loss of $124.3 million, or $5.4e per share, in fiscak 2008.
"While Palm Harbor began fiscal 2009 on apositivd note, the overall economic concerns, credit crisis and escalatinvg unemployment have taken their toll on everyone associated with the housiny industry,” said Larry chairman and CEO of Palm Harbor The company’s largest revenure drop occurred in Florida, Arizona and
miércoles, 5 de diciembre de 2012
Two more leave BofA board - Phoenix Business Journal:
shelly-polymer.blogspot.com
According to a filing with the Securitiea andExchange Commission, Prueher and Fran didn’t resign because of any disagreemenft with the company. Jackie Ward and Patricia Mitchelpl resigned earlythis month. Mitchelo is a former New York television executivde and currently serves as chief executivr of the Paley Centerfor Media, a New York Ward is the retired chief executive of Atlanta-based Computer Generatio Inc., a software company. Robert a former Lowe’s Cos. Inc. chief executive, resigned from the BofA board effectiveMay 29. And on May 29, the bank announcedx former lead independentdirector O. Temple Sloa n had left the board.
BofA didn’t disclose Sloan’s reason for resignation. Sloan had been a BofA directort for13 years. In earlyu June, four outside directors were electesdto BofA’s board. They are formerd Federal Reserve GovernorSusan Bies, former Compasw Bancshares Inc. chief executive and chairmann D. Paul Jones, former Federal Deposit Insurancw Corp. chairman Donald Powell and retirex BankOne Corp. and Visa Internationaol Inc. executive William BofA’s board has been under intense scrutinyh in recent months as the bank sufferede through asharp stock-price decline after acquirinv Merrill Lynch & Co. The Charlotte-basec bank (NYSE:BAC) also has received $45 billio in taxpayer aid.
At the bank’s annualo meeting in late April, shareholder voted to strip Chiecf Executive Kenneth Lewis of his positionn asboard chairman. Waltefr Massey was installed as the new chairman and has indicated the board needs to be Lewis remainsthe bank’s CEO and president.
According to a filing with the Securitiea andExchange Commission, Prueher and Fran didn’t resign because of any disagreemenft with the company. Jackie Ward and Patricia Mitchelpl resigned earlythis month. Mitchelo is a former New York television executivde and currently serves as chief executivr of the Paley Centerfor Media, a New York Ward is the retired chief executive of Atlanta-based Computer Generatio Inc., a software company. Robert a former Lowe’s Cos. Inc. chief executive, resigned from the BofA board effectiveMay 29. And on May 29, the bank announcedx former lead independentdirector O. Temple Sloa n had left the board.
BofA didn’t disclose Sloan’s reason for resignation. Sloan had been a BofA directort for13 years. In earlyu June, four outside directors were electesdto BofA’s board. They are formerd Federal Reserve GovernorSusan Bies, former Compasw Bancshares Inc. chief executive and chairmann D. Paul Jones, former Federal Deposit Insurancw Corp. chairman Donald Powell and retirex BankOne Corp. and Visa Internationaol Inc. executive William BofA’s board has been under intense scrutinyh in recent months as the bank sufferede through asharp stock-price decline after acquirinv Merrill Lynch & Co. The Charlotte-basec bank (NYSE:BAC) also has received $45 billio in taxpayer aid.
At the bank’s annualo meeting in late April, shareholder voted to strip Chiecf Executive Kenneth Lewis of his positionn asboard chairman. Waltefr Massey was installed as the new chairman and has indicated the board needs to be Lewis remainsthe bank’s CEO and president.
lunes, 3 de diciembre de 2012
'Three Cups Of Tea' Co-Author Took Own Life, Medical Examiner Says - NPR (blog)
moakhamet84.blogspot.com
NPR (blog) | 'Three Cups Of Tea' Co-Author Took Own Life, Medical Examiner Says NPR (blog) David Oliver Relin, a journalist who had reported from around the world before gaining fame â€" and getting mired in controversy â€" as co-author of the best-selling Three Cups of Tea, took his own life when he died on Nov. 15 in Oregon, The New York ... 'Three Cups of Tea' co-author took own life: police 'Three Cups of Tea' Co-Author Took His Own Life |
domingo, 2 de diciembre de 2012
N.J. legislature passes $29B budget - Philadelphia Business Journal:
sasutezew.blogspot.com
The budget failed to get a Republicanm vote in either passing 45-34 in the Assembly, where Democrats hold a 48-3w2 majority, and 22-17 in the Senate, wherwe Democrats hold a 23-17 majority. Gov. Jon S. Corzin e and Democrats praised the budget for cutting statwe spendingby $4 billion and providing property tax made possible by an unexpected $400 millionn from a tax amnesty program. The budgety includes $404 million in property tax rebates for householdx earning upto $75,000 per “The FY 2010 budget is a good budgetg for bad economic Senate Majority Leader Steve D-Gloucester, Cumberland and Salem, “It may have been a tough pill to but this budget is the medicine New Jerseu needs to survive the national economic and grow our economy on the other side of the Republicans criticized the budget, which they said wouldr strip property tax relief from 1.
4 millionn households that received it last year and usher in seveb new tax taxes. “New Jerseyt residents are suffocating under the weight of statew andlocal taxes,” said Sen. Christopher “Kip” Bateman, “Tonight, the legislature approved a budget thatadds $1 billionh to the already oppressive tax burden borne by middle class New Jersey.” The budget extends the 4 percentf surcharge businesses pay on corporater taxes for another year and increases the tax rate on liquor and wine, cigarettes, and group accidenft and health insurance premiums.
The income tax rate would also rise for those earning more than Underthe budget, the tax on a pack of cigarette s would increase by 12.5 cents to $2.70. The tax on a 0.75 liter bottle of wine would increaseby 3.5 and on a 0.75 liter bottle of liquor it would increaswe by 21.8 cents. The tax rate would rise from 1 percenty to 3 percent for one year on group accidentg and health insurance premiums and surplus line carrierz would face a permanent increasw of 3 percent to 5 The income tax rate for thosdearning $400,000 to $500,000 would increasee from 6.37 percent to 8 percent. For those earningf $500,000 to $1 million it woulds increase from 8.97 percent to 10.
25 percent, and for thoser earning over $1 million it woul d increase from 8.97 percent to 10.75 percent. The budget also suspends the property tax reduction for the 2009 taxablee year for households earning morethan $150,000p and authorizes taxation of state lottery winnings exceedinbg $10,000. New Jersey has a consitutionall deadline of midnight June 30 to enacta
The budget failed to get a Republicanm vote in either passing 45-34 in the Assembly, where Democrats hold a 48-3w2 majority, and 22-17 in the Senate, wherwe Democrats hold a 23-17 majority. Gov. Jon S. Corzin e and Democrats praised the budget for cutting statwe spendingby $4 billion and providing property tax made possible by an unexpected $400 millionn from a tax amnesty program. The budgety includes $404 million in property tax rebates for householdx earning upto $75,000 per “The FY 2010 budget is a good budgetg for bad economic Senate Majority Leader Steve D-Gloucester, Cumberland and Salem, “It may have been a tough pill to but this budget is the medicine New Jerseu needs to survive the national economic and grow our economy on the other side of the Republicans criticized the budget, which they said wouldr strip property tax relief from 1.
4 millionn households that received it last year and usher in seveb new tax taxes. “New Jerseyt residents are suffocating under the weight of statew andlocal taxes,” said Sen. Christopher “Kip” Bateman, “Tonight, the legislature approved a budget thatadds $1 billionh to the already oppressive tax burden borne by middle class New Jersey.” The budget extends the 4 percentf surcharge businesses pay on corporater taxes for another year and increases the tax rate on liquor and wine, cigarettes, and group accidenft and health insurance premiums.
The income tax rate would also rise for those earning more than Underthe budget, the tax on a pack of cigarette s would increase by 12.5 cents to $2.70. The tax on a 0.75 liter bottle of wine would increaseby 3.5 and on a 0.75 liter bottle of liquor it would increaswe by 21.8 cents. The tax rate would rise from 1 percenty to 3 percent for one year on group accidentg and health insurance premiums and surplus line carrierz would face a permanent increasw of 3 percent to 5 The income tax rate for thosdearning $400,000 to $500,000 would increasee from 6.37 percent to 8 percent. For those earningf $500,000 to $1 million it woulds increase from 8.97 percent to 10.
25 percent, and for thoser earning over $1 million it woul d increase from 8.97 percent to 10.75 percent. The budget also suspends the property tax reduction for the 2009 taxablee year for households earning morethan $150,000p and authorizes taxation of state lottery winnings exceedinbg $10,000. New Jersey has a consitutionall deadline of midnight June 30 to enacta
sábado, 1 de diciembre de 2012
OffTheWallStocks featuring on its newsletter: HPQ, IBM, JNJ, JPM, KR
aaekipolo.blogspot.com
OffTheWallStocks.com is an independent electronic publication that providews information on selected publicl ytraded companies. OffTheWallStocks.com is not a registeredr investment advisor orbroker dealer. OffTheWallStocks.com officers, directors and employees may buy and sell additionap shares in any company mentioned herein and may profiy in the event those shares rise in Please do your own Due Diligence before investin g in any of the stocksmentionesd above. OffTheWallStocks.com is an affiliate of Goldenn DragonMedia Inc. of PennyStocksonFire.com is a memberr of the NASD, CRD1896673. SOURCE OffTheWallStocks.
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OffTheWallStocks.com is an independent electronic publication that providews information on selected publicl ytraded companies. OffTheWallStocks.com is not a registeredr investment advisor orbroker dealer. OffTheWallStocks.com officers, directors and employees may buy and sell additionap shares in any company mentioned herein and may profiy in the event those shares rise in Please do your own Due Diligence before investin g in any of the stocksmentionesd above. OffTheWallStocks.com is an affiliate of Goldenn DragonMedia Inc. of PennyStocksonFire.com is a memberr of the NASD, CRD1896673. SOURCE OffTheWallStocks.
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jueves, 29 de noviembre de 2012
Business First of Buffalo: Buffalo Commercial Real Estate Listings - View Commercial Real Estate
disadvantage-unlimited.blogspot.com
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miércoles, 28 de noviembre de 2012
Eugene A. Hall Executive Profile
ogarawo.wordpress.com
Hall came to Gartner from Automatic DataProcessing (ADP), a Fortune 500 globap technology and services company with over $7 billiobn in revenue, where he was a senior executive. As president of Employere Services, Major Accounts division, Hall headex up a $2 billion human resources and payrollservicexs business, overseeing 8,000 associates. During his tenure, this businesds accelerated sales tonew clients, achieved recorfd client retention and delivereds unprecedented quality scores. Concurrently, Hall led a 1,600-persohn software development and IT operations organization that introducedseveral high-growth products.
Prior to this Hall was responsiblefor technology, strategy and new businesa development across the company. Before joiningf ADP, Hall was a director and seniotr partner atMcKinsey & Company, a leading globap management consulting firm. In his 16 year s there, he focused on developingy business strategies for leading technology companies and organizations wher e technology played a central role in the Hall graduated from the Massachusetts Institute of Technology witha bachelor'sx degree in mechanical engineering and received a master's degre in business administration from Harvarsd Business School. **All Executive profile data provide d byDow Jones & Co., Inc.
Hall came to Gartner from Automatic DataProcessing (ADP), a Fortune 500 globap technology and services company with over $7 billiobn in revenue, where he was a senior executive. As president of Employere Services, Major Accounts division, Hall headex up a $2 billion human resources and payrollservicexs business, overseeing 8,000 associates. During his tenure, this businesds accelerated sales tonew clients, achieved recorfd client retention and delivereds unprecedented quality scores. Concurrently, Hall led a 1,600-persohn software development and IT operations organization that introducedseveral high-growth products.
Prior to this Hall was responsiblefor technology, strategy and new businesa development across the company. Before joiningf ADP, Hall was a director and seniotr partner atMcKinsey & Company, a leading globap management consulting firm. In his 16 year s there, he focused on developingy business strategies for leading technology companies and organizations wher e technology played a central role in the Hall graduated from the Massachusetts Institute of Technology witha bachelor'sx degree in mechanical engineering and received a master's degre in business administration from Harvarsd Business School. **All Executive profile data provide d byDow Jones & Co., Inc.
martes, 27 de noviembre de 2012
PNC raises more than $600M following stress test - Pittsburgh Business Times:
ogarawo.wordpress.com
PNC (NYSE:PNC) was amonvg the nation’s 19 largest bank holding companiexs tested to see if they were adequately capitalized to withstanfd worst case scenarios ina prolonged, severew recession. Ten were directed to raise capital, includingg PNC, which was told it needed an additional $600 It was the smallest amouny assigned to thetested banks, and the only one less than $1 “Given the ongoing uncertainty in the market, capital strength and liquidithy are key drivers of success,” Jim Rohr, PNC chairman and CEO, said in a “I am pleased that we were able to raise the requirec $600 million of common equity at market prices and in a relativeluy short time frame.
” PNC also said it has no plansx to convert preferred shares issuer under the Capital Purchase Program of the U.S. Treasury Department’ Troubled Asset Relief Program and that it plans toredeem Treasury’d $7.6 billion investment as soon as appropriate, subject to approvall by banking regulators. PNC is Pittsburgh’s largest bank and the nation’xs fifth largest bank as rankesdby deposits. In early Wednesday trading, its stock droppedd 0.25 percent to $43.14 per share, abour midway in its 52-week ranges between $16.20 to $87.99.
PNC (NYSE:PNC) was amonvg the nation’s 19 largest bank holding companiexs tested to see if they were adequately capitalized to withstanfd worst case scenarios ina prolonged, severew recession. Ten were directed to raise capital, includingg PNC, which was told it needed an additional $600 It was the smallest amouny assigned to thetested banks, and the only one less than $1 “Given the ongoing uncertainty in the market, capital strength and liquidithy are key drivers of success,” Jim Rohr, PNC chairman and CEO, said in a “I am pleased that we were able to raise the requirec $600 million of common equity at market prices and in a relativeluy short time frame.
” PNC also said it has no plansx to convert preferred shares issuer under the Capital Purchase Program of the U.S. Treasury Department’ Troubled Asset Relief Program and that it plans toredeem Treasury’d $7.6 billion investment as soon as appropriate, subject to approvall by banking regulators. PNC is Pittsburgh’s largest bank and the nation’xs fifth largest bank as rankesdby deposits. In early Wednesday trading, its stock droppedd 0.25 percent to $43.14 per share, abour midway in its 52-week ranges between $16.20 to $87.99.
domingo, 25 de noviembre de 2012
Persons to leave Massey Communications - The Business Journal of Milwaukee:
ogarawo.wordpress.com
His last day with Massey will be no later thanJuly 24. Bud formerly president and CEO ofthe agency, will take Persons' placse as vice chairman, overseeing the agency's public business development and social media services. Brewer has been with the agencyg and itsparent company, , since 1986. Lynne Frederick was promoter from vice president and director of marketing for Massey Services to presidenty and CEO ofMasseu Communications.
Frederick has been with Masseuy Services for six Her prior marketing and advertising experience includea work with General Electric and Ford Consumer Andrea Massey-Farrell was promoted from vice presidenyt of operations at Massey Communicationw to executive vice presidenty and chief operating officer. She has been with the agenchy for 12 years and will lead its advertisingservices division, in addition to her responsibilities with agencuy operations and Yellow Page Directory advertising.
“Thes e changes will better position our agency to take advantage of the opportunitiexs that we anticipate over the nextfew years,” said Harvey chairman of the company, in a prepared He said the agency'es goal its to sharpen its focus and provide more targeted services. Persons said he would open a new strategidcpublic relations, media relations and networking consulting firm calle d Todd Persons Communications in downtowbn Orlando in early August. “I' especially grateful to Harvey Massey and to Bud Brewer for their friendship andwise counsel," Persons Massey Communications is a full-serviced advertising, strategic marketing and public relations agency.
The agency and its parenty company, Massey Services, are based in Orlando.
His last day with Massey will be no later thanJuly 24. Bud formerly president and CEO ofthe agency, will take Persons' placse as vice chairman, overseeing the agency's public business development and social media services. Brewer has been with the agencyg and itsparent company, , since 1986. Lynne Frederick was promoter from vice president and director of marketing for Massey Services to presidenty and CEO ofMasseu Communications.
Frederick has been with Masseuy Services for six Her prior marketing and advertising experience includea work with General Electric and Ford Consumer Andrea Massey-Farrell was promoted from vice presidenyt of operations at Massey Communicationw to executive vice presidenty and chief operating officer. She has been with the agenchy for 12 years and will lead its advertisingservices division, in addition to her responsibilities with agencuy operations and Yellow Page Directory advertising.
“Thes e changes will better position our agency to take advantage of the opportunitiexs that we anticipate over the nextfew years,” said Harvey chairman of the company, in a prepared He said the agency'es goal its to sharpen its focus and provide more targeted services. Persons said he would open a new strategidcpublic relations, media relations and networking consulting firm calle d Todd Persons Communications in downtowbn Orlando in early August. “I' especially grateful to Harvey Massey and to Bud Brewer for their friendship andwise counsel," Persons Massey Communications is a full-serviced advertising, strategic marketing and public relations agency.
The agency and its parenty company, Massey Services, are based in Orlando.
sábado, 24 de noviembre de 2012
Loyalty - Oka Nikolov goalie for Eintracht Frankfurt for 19 years running - MINA
bakakinkorypon.blogspot.com
Loyalty - Oka Nikolov goalie for Eintracht Frankfurt for 19 years running MINA Macedonian Oka Nikolov has been the number one goal keeper for Bundes Liga club Eintracht Frankfurt since 1993!! This remarkable loyalty is rarely seen in the footballing world, although there are few notable exceptions: Francesco Totti is with AS Roma ... |
jueves, 22 de noviembre de 2012
Daughter of Jacksonville real estate icon takes over local Coldwell Banker company - Jacksonville Business Journal:
batyushkinuxit.blogspot.com
But heart surgery last year hastened thenearlhy 50-year real estate veteran’s decision to create a succession plan and slow down a So he sold his eight-office, 193-member team to friend and felloq Coldwell Banker broker Tom Harrington. Williams’ daughter, Monica is now in charge of the newly formed territory. “It’s a good thint we did what we did because it strengtheneedthe company,” said Hentschel, now a regional managinhg partner for Coldwell Banket Devonshire. “In a time when everybody else is we’re growing.
” With the acquisition of the Walter Williams officewin January, Illinois-based Devonshire Realty is the seventh-largesf Coldwell Banker affiliate in the Uniter States. The company has 27 15 of which are in Illinois and the remainingf 12 arein Florida, and it expects to continue to grow thoughb acquisitions of other real estate Harrington, CEO of the , which includes the real estatee company along with an architecture firm and an engineering firm, met Williamz at a Coldwell Banker conference in 1994, the year both of them joinesd the network.
Harrington’s expansion into the Floridza market came in 2007 when he acquired hisbrother Steve’s four-officee real estate agency in Central The Walter Williams acquisitiojn seemed a natural fit, Harrington said, because the two have alwaysw shared similar business philosophies. “Walter is reallyy a legend all throughourt Coldwell Banker and has been a mentor to Harrington said. The economy also played a lesser role in the Hentschel said. “We’d be kidding if we said the markeft wasn’t part of the decision,” she said, but “our storm wasn’t nearly as bad as places likeSouth Florida. Jacksonvill is so resilient.
” Business is strengthening, as sales were up 7.2 percenf in May at the eight Jacksonville-area Devonshire officesz compared withMay 2008. The decisionm to sell wasn’t an easy one to make for He’s been a major player in Jacksonville’s real estate industryt who started selling tracts of landin 1962. The residentialo division of Walter Williams Realty was createe in 1981 when he acquired the brokeragde offices ofanother long-time fixturr in the local real estate industry, Chester Ronnie Fussell worked for Walter Williamss from 1982 to 1992.
Williams, who was one of the foundinfg members of the Jacksonville City Council after the city and county governmentzs consolidated in 1968 and continued to servw on the council duringthe 1970s, took Fusselpl under his wing and taught him about real estate and publi c service. “A lot of what I am todayy is because ofWalter Williams,” said Fussell, whose term as City Councilo president ends soon. Many insides the business consider Williamsan “He’s a very good said 37-year veteran Russell a broker at and the regional vice presidenft of the . “I’m proud of what he built and what he’ s maintained over the years.
” Williams also inspiredd his daughter to get into the Ather father’s advice, Hentschel got her real estatee license at the age of 21, but went on to law school and worked as a prosecutor in the specia l assault unit at the stater attorney’s office in Jacksonville for 13 years. In 2004 she joined the WaltertWilliams team, first as a real estatde attorney for the title company and then as chiet operating officer for the entire company. At the age of 42, she’as now taking on her father’s role as the company’sz top executive in Northeast Florida. Williams will still have an actives role in the companyy asan adviser.
Although the pace is slower, he continuess to maintain his two other Estate Title LCand “He’s not spendingf weekends here and goes home at a decent Hentschel said. “And now he has more time for the most importanr thingto him, his
But heart surgery last year hastened thenearlhy 50-year real estate veteran’s decision to create a succession plan and slow down a So he sold his eight-office, 193-member team to friend and felloq Coldwell Banker broker Tom Harrington. Williams’ daughter, Monica is now in charge of the newly formed territory. “It’s a good thint we did what we did because it strengtheneedthe company,” said Hentschel, now a regional managinhg partner for Coldwell Banket Devonshire. “In a time when everybody else is we’re growing.
” With the acquisition of the Walter Williams officewin January, Illinois-based Devonshire Realty is the seventh-largesf Coldwell Banker affiliate in the Uniter States. The company has 27 15 of which are in Illinois and the remainingf 12 arein Florida, and it expects to continue to grow thoughb acquisitions of other real estate Harrington, CEO of the , which includes the real estatee company along with an architecture firm and an engineering firm, met Williamz at a Coldwell Banker conference in 1994, the year both of them joinesd the network.
Harrington’s expansion into the Floridza market came in 2007 when he acquired hisbrother Steve’s four-officee real estate agency in Central The Walter Williams acquisitiojn seemed a natural fit, Harrington said, because the two have alwaysw shared similar business philosophies. “Walter is reallyy a legend all throughourt Coldwell Banker and has been a mentor to Harrington said. The economy also played a lesser role in the Hentschel said. “We’d be kidding if we said the markeft wasn’t part of the decision,” she said, but “our storm wasn’t nearly as bad as places likeSouth Florida. Jacksonvill is so resilient.
” Business is strengthening, as sales were up 7.2 percenf in May at the eight Jacksonville-area Devonshire officesz compared withMay 2008. The decisionm to sell wasn’t an easy one to make for He’s been a major player in Jacksonville’s real estate industryt who started selling tracts of landin 1962. The residentialo division of Walter Williams Realty was createe in 1981 when he acquired the brokeragde offices ofanother long-time fixturr in the local real estate industry, Chester Ronnie Fussell worked for Walter Williamss from 1982 to 1992.
Williams, who was one of the foundinfg members of the Jacksonville City Council after the city and county governmentzs consolidated in 1968 and continued to servw on the council duringthe 1970s, took Fusselpl under his wing and taught him about real estate and publi c service. “A lot of what I am todayy is because ofWalter Williams,” said Fussell, whose term as City Councilo president ends soon. Many insides the business consider Williamsan “He’s a very good said 37-year veteran Russell a broker at and the regional vice presidenft of the . “I’m proud of what he built and what he’ s maintained over the years.
” Williams also inspiredd his daughter to get into the Ather father’s advice, Hentschel got her real estatee license at the age of 21, but went on to law school and worked as a prosecutor in the specia l assault unit at the stater attorney’s office in Jacksonville for 13 years. In 2004 she joined the WaltertWilliams team, first as a real estatde attorney for the title company and then as chiet operating officer for the entire company. At the age of 42, she’as now taking on her father’s role as the company’sz top executive in Northeast Florida. Williams will still have an actives role in the companyy asan adviser.
Although the pace is slower, he continuess to maintain his two other Estate Title LCand “He’s not spendingf weekends here and goes home at a decent Hentschel said. “And now he has more time for the most importanr thingto him, his
miércoles, 21 de noviembre de 2012
Metro Denver Economic Development Corp. presents annual awards - Denver Business Journal:
kapitonragomo.blogspot.com
It was one of several awards presente d Thursday by the Metro Denver EDC at itsannual "Repory to Investors and Awardss Luncheon" at the Hyatt Regencuy Denver at Colorado Convention Center. The EDC's Deal of the Year Awar recognizes a company that creates the largest local economivc impact through new job creation and capital San Francisco-based Schwab (NASDAQ: SCHW) was recognizes for its planned expansion in Douglae County, creating 500 new local jobs over the next three years. ( .) The jobs -- primarily technology positions -- will pay an averagew salary of $75,000. The company'se move eventually will create an economic benefit to Coloradoof $157.
e3 million a year, the Metro Denver EDC "The Charles Schwab expansion exemplifies the type of projecrt the Metro Denver EDC targets with its recruitment and marketing efforts-established companies that need a highluy skilled workforce and a dynamic locatiohn in which to expand," Don Marshall, regional presidenft of Wells Fargo Bank and Metro Denver EDC co-chair, said in a statement. -- The Metropolitahn Cooperation Award, recognizing joint efforts to furtherthe region'z economic development potential, went to six organizationss and local governments: The city of Brighton/Brightom Economic Development Corp.
, Weld County, Upstatee Colorado Economic Development, the Colorado Officw of Economic Development and International Trade, and the Regional Transportationj District (RTD). The six honorees helped assemble the land it needecd to build two new plantsin Brighton. With a capitalo investment of $290 million, Vestads will eventually employ 1,350 peoplse at the facilities, the EDC said. "The sheer impact of Vestas' investment in the Brighton and Weld Counth communityis massive," Chuci Ward, president of Qwest Coloradl and Co-Chair of the Metro Denvet EDC, said in the "The community spirit in which this deal was established signifiexs to Vestas our commitment to put Metro Denveer and Colorado on the global stage for wind energy.
" -- The Chairs Award for Outstanding Efforts in Economic Development went to two stats lawmakers -- Sen. Rollire Heath and Rep. Joe Rice -- for theif efforts to move Gov. Bill Ritter's economixc development package through the 2009legislative session., including Houswe Bill 1001, a measure offering tax credits for companiew that create job growth. "The passage of this legislatiojn is truly a game changerfor Colorado," said Tom Clark, executives vice president of the Metro Denver EDC. "Ity places us on par with other major metro aread in attracting corporate headquarters and otheervalued projects.
This legislation will be key to our ongoin g recovery by providing existing and expanding companieds incentive to add jobsin Colorado." -- And a Specialo Recognition Award was presented to Joe Blake, outgoing presiden and CEO of the and the Metro Denvet EDC, who will soon leave to becomr chancellor of the Colorado State Universit system. "During his 10-year term as president and CEO, Joe has tacklex the toughest issues facing Metr oDenver companies, first-hand. His work on Referendum C, the Poison Pilld amendments, and the FASTER legislation certainly puts our business communitu onfirmer ground," Ward said.
Newswee Senior Editor and author Daniel Gross keynotedthe "This has been a great time for Gross said. "You've made more intelligent decisions on investments than a lot ofotherf people. You're also diversifying your economywith aerospace, and alternative energy."
It was one of several awards presente d Thursday by the Metro Denver EDC at itsannual "Repory to Investors and Awardss Luncheon" at the Hyatt Regencuy Denver at Colorado Convention Center. The EDC's Deal of the Year Awar recognizes a company that creates the largest local economivc impact through new job creation and capital San Francisco-based Schwab (NASDAQ: SCHW) was recognizes for its planned expansion in Douglae County, creating 500 new local jobs over the next three years. ( .) The jobs -- primarily technology positions -- will pay an averagew salary of $75,000. The company'se move eventually will create an economic benefit to Coloradoof $157.
e3 million a year, the Metro Denver EDC "The Charles Schwab expansion exemplifies the type of projecrt the Metro Denver EDC targets with its recruitment and marketing efforts-established companies that need a highluy skilled workforce and a dynamic locatiohn in which to expand," Don Marshall, regional presidenft of Wells Fargo Bank and Metro Denver EDC co-chair, said in a statement. -- The Metropolitahn Cooperation Award, recognizing joint efforts to furtherthe region'z economic development potential, went to six organizationss and local governments: The city of Brighton/Brightom Economic Development Corp.
, Weld County, Upstatee Colorado Economic Development, the Colorado Officw of Economic Development and International Trade, and the Regional Transportationj District (RTD). The six honorees helped assemble the land it needecd to build two new plantsin Brighton. With a capitalo investment of $290 million, Vestads will eventually employ 1,350 peoplse at the facilities, the EDC said. "The sheer impact of Vestas' investment in the Brighton and Weld Counth communityis massive," Chuci Ward, president of Qwest Coloradl and Co-Chair of the Metro Denvet EDC, said in the "The community spirit in which this deal was established signifiexs to Vestas our commitment to put Metro Denveer and Colorado on the global stage for wind energy.
" -- The Chairs Award for Outstanding Efforts in Economic Development went to two stats lawmakers -- Sen. Rollire Heath and Rep. Joe Rice -- for theif efforts to move Gov. Bill Ritter's economixc development package through the 2009legislative session., including Houswe Bill 1001, a measure offering tax credits for companiew that create job growth. "The passage of this legislatiojn is truly a game changerfor Colorado," said Tom Clark, executives vice president of the Metro Denver EDC. "Ity places us on par with other major metro aread in attracting corporate headquarters and otheervalued projects.
This legislation will be key to our ongoin g recovery by providing existing and expanding companieds incentive to add jobsin Colorado." -- And a Specialo Recognition Award was presented to Joe Blake, outgoing presiden and CEO of the and the Metro Denvet EDC, who will soon leave to becomr chancellor of the Colorado State Universit system. "During his 10-year term as president and CEO, Joe has tacklex the toughest issues facing Metr oDenver companies, first-hand. His work on Referendum C, the Poison Pilld amendments, and the FASTER legislation certainly puts our business communitu onfirmer ground," Ward said.
Newswee Senior Editor and author Daniel Gross keynotedthe "This has been a great time for Gross said. "You've made more intelligent decisions on investments than a lot ofotherf people. You're also diversifying your economywith aerospace, and alternative energy."
martes, 20 de noviembre de 2012
Three charter school operators apply to open doors in the District - Washington Post (blog)
exceeding-commissioner.blogspot.com
Three charter school operators apply to open doors in the District Washington Post (blog) Three experienced charter-school operators have applied for fast-track approval to run 10 campuses serving thousands of students in the District, D.C. Public Charter School Board officials said Monday. The applications come as the city's traditional ... |
domingo, 18 de noviembre de 2012
How The Petraeus Affair Was Traced Via Email (And How To Avoid It Happening ... - Lifehacker Australia
eragywaqer.wordpress.com
Telegraph.co.uk | How The Petraeus Affair Was Traced Via Email (And How To Avoid It Happening ... Lifehacker Australia The FBI then traced those threatening emails to their origin â€" most likely via an IP address supplied by Google â€" to Paula Broadwell. The FBI then got a warrant to monitor those email addresses, and eventu » |
sábado, 17 de noviembre de 2012
BofA ends U.S. Olympic Committee sponsorship - Charlotte Business Journal:
vlastaowibopaj.blogspot.com
The Charlotte-based bank reachedc the decision over the last couplse of weeks and notified the USOC within the past coupleof days. Banks such as BofA have faced increased scrutiny over their sponsorships due to the economif downturn and government But BofA says this decision was drive by insufficient return on investment fromthe sponsorship. “Becausde we’ve invested so much over the past 16 this became an extremely difficult and emotional decisionfor us,” says Joe BofA senior vice president of national mediwa relations. “It’s not about the economy, it’s not abourt reducing marketing, it’s not abou (Troubled Asset Relief Program) support.
But it’s about the insufficient business results we were able to BofA hasreceived $45 billion in taxpayeer funds under TARP, which is designed to help thaw the credig markets and boost the economy. Goode says the bank enjoyesd the brand alignment it had with the USOC and the emotional connection it had as a result of beingfTeam USA’s official The bank will continue to suppor t Chicago’s bid to host the Olympics in 2016 in the form of grantsw for operating expenses. BofA is the latest in a serie of sponsors to leave the USOC over the past two includingand (NYSE:HD).
In losing the bank as a the USOC loses its support ofthe “hometown hopefuls” programm that set athletes and theifr families at an exclusivr center during the Olympics. BofA was close to a deal last summee withthe USOC. However, there is a chancew the bank will stillo be able to offer Olympic crediy cards withthe five-ring logo courtesuy of pass-through rights with Visa. Goode says the decision not to reneaw does not signify the endof BofA’s support of the Olympixc movement. “It’s our every intention to explore otherr ways to supportthe U.S. Olympixc movement, and our support of Chicagp 2016 is an exampleof that.
” Sportes Business Journal is a sistedr publication of Charlotte Business Journal .
The Charlotte-based bank reachedc the decision over the last couplse of weeks and notified the USOC within the past coupleof days. Banks such as BofA have faced increased scrutiny over their sponsorships due to the economif downturn and government But BofA says this decision was drive by insufficient return on investment fromthe sponsorship. “Becausde we’ve invested so much over the past 16 this became an extremely difficult and emotional decisionfor us,” says Joe BofA senior vice president of national mediwa relations. “It’s not about the economy, it’s not abourt reducing marketing, it’s not abou (Troubled Asset Relief Program) support.
But it’s about the insufficient business results we were able to BofA hasreceived $45 billion in taxpayeer funds under TARP, which is designed to help thaw the credig markets and boost the economy. Goode says the bank enjoyesd the brand alignment it had with the USOC and the emotional connection it had as a result of beingfTeam USA’s official The bank will continue to suppor t Chicago’s bid to host the Olympics in 2016 in the form of grantsw for operating expenses. BofA is the latest in a serie of sponsors to leave the USOC over the past two includingand (NYSE:HD).
In losing the bank as a the USOC loses its support ofthe “hometown hopefuls” programm that set athletes and theifr families at an exclusivr center during the Olympics. BofA was close to a deal last summee withthe USOC. However, there is a chancew the bank will stillo be able to offer Olympic crediy cards withthe five-ring logo courtesuy of pass-through rights with Visa. Goode says the decision not to reneaw does not signify the endof BofA’s support of the Olympixc movement. “It’s our every intention to explore otherr ways to supportthe U.S. Olympixc movement, and our support of Chicagp 2016 is an exampleof that.
” Sportes Business Journal is a sistedr publication of Charlotte Business Journal .
viernes, 16 de noviembre de 2012
FairPoint Communications' dividend payment depends on Verizon Communications purchase - Charlotte Business Journal:
jiqatili.wordpress.com
FairPoint is preparing to buy 's northern New England franchis efor $2.3 billion. The deal would make FairPointythe nation's eighth-largest telecom. But the expenses paid so far on the purchased have sharplyincreased FairPoint's debt. At curreng leverage levels, the company's creditg agreements prohibit a dividend this But a new credit facility takes effect when the Verizondeal closes, and that agreement allows for the dividensd payment. The company is buyingg Verizon's land lines in Maine, New Hampshire and Vermont. The deal was valueed at $2.7 billion when it was announce inJanuary 2007.
But Verizon made concessions to placatde state regulators worriedabouf FairPoint's ability to sustain the Acquisition costs cut in to FairPoint's earningx in the fourth quarter and full-year 2007. The company posted a net loss of $19.45 million, or 56 cents per dilutesd share, for the quarter. But if $23.6 million in costse of the Verizon deal andother one-timw items are excluded, FairPoint made $4.5 or 13 cents per share, in the quarter. That met analystsw expectations. Revenue for the latesty quarterwas $68.2 million, down 3.1% from the year-earliere period. For 2007, FairPoint earned $6 million, or 16 centds per share, on $283.5 million in That was well behindthe $31.
1 million, or 88 centa per share, FairPoint made in 2006. Again, the largesft difference was morethan $52 millionb expenses related to the Verizon purchase. Chief Financial Officer John Crowleyh says the companyspent $82 million on the deal throughu the end of 2007. It expects to spenfd $35 million more by the time the deal closewthis month. This quarter's dividenc would be 39.8 cents per the level it has held since the summerof 2005. But in subsequenf quarters, the dividend will drop.
FairPoinrt agreed to reduce itsdividend 35% for severao years to ensure it has sufficieny money to invest in improving the New England For the rest of the year, the quarterly dividendf will be no more than 25.8 cents per Among the company's other incentives to complete the Verizon purchase, up to 25% of the 2008 bonusesw to be paid FairPoint's top executivesw depends on their completing the deal. DIVIDEN D PAYMENTS If FairPoint doesn't completr Verizon deal by March 31, it can'yt pay a first-quarter dividend.
Its dividend will drop 35% aftetr the deal is completed to ensurde it invests enough inits
FairPoint is preparing to buy 's northern New England franchis efor $2.3 billion. The deal would make FairPointythe nation's eighth-largest telecom. But the expenses paid so far on the purchased have sharplyincreased FairPoint's debt. At curreng leverage levels, the company's creditg agreements prohibit a dividend this But a new credit facility takes effect when the Verizondeal closes, and that agreement allows for the dividensd payment. The company is buyingg Verizon's land lines in Maine, New Hampshire and Vermont. The deal was valueed at $2.7 billion when it was announce inJanuary 2007.
But Verizon made concessions to placatde state regulators worriedabouf FairPoint's ability to sustain the Acquisition costs cut in to FairPoint's earningx in the fourth quarter and full-year 2007. The company posted a net loss of $19.45 million, or 56 cents per dilutesd share, for the quarter. But if $23.6 million in costse of the Verizon deal andother one-timw items are excluded, FairPoint made $4.5 or 13 cents per share, in the quarter. That met analystsw expectations. Revenue for the latesty quarterwas $68.2 million, down 3.1% from the year-earliere period. For 2007, FairPoint earned $6 million, or 16 centds per share, on $283.5 million in That was well behindthe $31.
1 million, or 88 centa per share, FairPoint made in 2006. Again, the largesft difference was morethan $52 millionb expenses related to the Verizon purchase. Chief Financial Officer John Crowleyh says the companyspent $82 million on the deal throughu the end of 2007. It expects to spenfd $35 million more by the time the deal closewthis month. This quarter's dividenc would be 39.8 cents per the level it has held since the summerof 2005. But in subsequenf quarters, the dividend will drop.
FairPoinrt agreed to reduce itsdividend 35% for severao years to ensure it has sufficieny money to invest in improving the New England For the rest of the year, the quarterly dividendf will be no more than 25.8 cents per Among the company's other incentives to complete the Verizon purchase, up to 25% of the 2008 bonusesw to be paid FairPoint's top executivesw depends on their completing the deal. DIVIDEN D PAYMENTS If FairPoint doesn't completr Verizon deal by March 31, it can'yt pay a first-quarter dividend.
Its dividend will drop 35% aftetr the deal is completed to ensurde it invests enough inits
miércoles, 14 de noviembre de 2012
Tweet Analysis, A Mobile App That Analyses Tweets - Business 2 Community
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Tweet Analysis, A Mobile App That Analyses Tweets Business 2 Community A review of Tweet Analysis, a mobile app that analyses tweets of users and hashtags. “Excite†is a very small but powerful word for any social media marketer. While you're in the social media marketing industry, your aim is to excite your consumers ... |
martes, 13 de noviembre de 2012
Missouri sets unclaimed property payout record - Orlando Business Journal:
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million paid this fiscal The previous recordwas 71,155 accounts paid, set in fiscal year 2004. The fiscal year ends June 30. The Unclaimed Propertu Division inthe treasurer’s office holds abandonefd assets from bank accounts, stocks, bonds, insurancr policy proceeds, government refunds, utilitu deposits, wages from past jobs and contentw of safe deposit boxes. This property is turnerd over to the state byfinancial institutions, insurancee companies, public agencies and othe r business entities if there has been no documented transactioh or contact with the ownefr for five or more years.
Some of the item s turned over include numbered dollar bills fromthe 1930s, coins and a Princess Diana “There is still more than $550 million waitint to be claimed,” Zweifel said in a statement “We will continue to track down the ownersx of these assets through our advertising and outreach initiatives.” More informatiojn is available on the .
million paid this fiscal The previous recordwas 71,155 accounts paid, set in fiscal year 2004. The fiscal year ends June 30. The Unclaimed Propertu Division inthe treasurer’s office holds abandonefd assets from bank accounts, stocks, bonds, insurancr policy proceeds, government refunds, utilitu deposits, wages from past jobs and contentw of safe deposit boxes. This property is turnerd over to the state byfinancial institutions, insurancee companies, public agencies and othe r business entities if there has been no documented transactioh or contact with the ownefr for five or more years.
Some of the item s turned over include numbered dollar bills fromthe 1930s, coins and a Princess Diana “There is still more than $550 million waitint to be claimed,” Zweifel said in a statement “We will continue to track down the ownersx of these assets through our advertising and outreach initiatives.” More informatiojn is available on the .
domingo, 11 de noviembre de 2012
Former legislator to head state health plan group - San Francisco Business Times:
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Johnston, who served in the California Legislature for two decadew representing theStockton area, begins his new role July 1. He fillxs a vacancy created when Christopher Ohman left late last year to become senior vice presiden t for health plan operationsat Oakland-basedc . Charles Bacchi, who had been the association’ws vice president of legislative affairs, has held down the top job on an interimn basissince then.
“Patrick bringw a wealth of experience working within the state capitol and valuabled expertise on some of the most critical and complex public policy issuesfacing Californians,” Howard Kahn, chait of the association’s board and CEO of the public , said in the June 3 Kahn said with health-care reform and budgef balancing at the top of the political agendaw in Washington, D.C., and Sacramento “igt was important for the board to find a CEO who is well-respectecd in Sacramento and able to build effectivee partnerships.” Johnston served in the state Assemblgy for a decade and spengt another 10 years in the state Senate, where he chaired the for six years.
Aftert leaving the Legislaturein 2000, he’s served as the firsg legislator in residence at the Universith of California, Berkeley, Institute of Government, served as vice chairman of the Californiaa Bay-Delta Authority, taught California politics and policgy as a visiting lecturer at ’d Goldman School of Public Policy and been a private consultantg in government relations, according to an association spokesman.
CAHP also announcec that Bacchi has been promoted to executivevice
Johnston, who served in the California Legislature for two decadew representing theStockton area, begins his new role July 1. He fillxs a vacancy created when Christopher Ohman left late last year to become senior vice presiden t for health plan operationsat Oakland-basedc . Charles Bacchi, who had been the association’ws vice president of legislative affairs, has held down the top job on an interimn basissince then.
“Patrick bringw a wealth of experience working within the state capitol and valuabled expertise on some of the most critical and complex public policy issuesfacing Californians,” Howard Kahn, chait of the association’s board and CEO of the public , said in the June 3 Kahn said with health-care reform and budgef balancing at the top of the political agendaw in Washington, D.C., and Sacramento “igt was important for the board to find a CEO who is well-respectecd in Sacramento and able to build effectivee partnerships.” Johnston served in the state Assemblgy for a decade and spengt another 10 years in the state Senate, where he chaired the for six years.
Aftert leaving the Legislaturein 2000, he’s served as the firsg legislator in residence at the Universith of California, Berkeley, Institute of Government, served as vice chairman of the Californiaa Bay-Delta Authority, taught California politics and policgy as a visiting lecturer at ’d Goldman School of Public Policy and been a private consultantg in government relations, according to an association spokesman.
CAHP also announcec that Bacchi has been promoted to executivevice
sábado, 10 de noviembre de 2012
Morgan Lewis ditches associates
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Instead the firm said it will look at the entir e contribution tothe firm, including “level of efficiency and value in serving clients, results achieved, contribution to our culture, participation in our and other factors.” The firm said it stilol expects “sufficiently engaged” associates will reach the 2,000-billabl e hour threshold and it will have substantialp weight in awarding bonuses. The firm declineed to comment about the reasonzs forthe change.
Duane Morriss has changed the name of its trust subsidiaryfrom , to The subsidiary’s president, David Glickman, said the firm wantecd to stress service so it was inspired to pick the world’ds highest peak as its name. Duane Morrid formed the unit in 2007. a former managing director of in Wilmington joinedd inAugust … Beglegy Carlin & Mandio of Langhorne will be acquiring the law firm run by Statew Rep. Scott Petri (R-Bucks), who will join the 18-lawyer firm as of also includesan associate. Petri will focus on litigationb and realestat … Former partner Louiws Sinatra joined Offit Kurman as a partner. The rest of Pelinoi joined Jan.
1… Eric Spevak, the 2008 president of the Camden CountytBar Association, has taken his name off the door at Haddonfielf family law firm , which changeed its name to Adinolfi & Spevak will remain as senioe counsel.
Instead the firm said it will look at the entir e contribution tothe firm, including “level of efficiency and value in serving clients, results achieved, contribution to our culture, participation in our and other factors.” The firm said it stilol expects “sufficiently engaged” associates will reach the 2,000-billabl e hour threshold and it will have substantialp weight in awarding bonuses. The firm declineed to comment about the reasonzs forthe change.
Duane Morriss has changed the name of its trust subsidiaryfrom , to The subsidiary’s president, David Glickman, said the firm wantecd to stress service so it was inspired to pick the world’ds highest peak as its name. Duane Morrid formed the unit in 2007. a former managing director of in Wilmington joinedd inAugust … Beglegy Carlin & Mandio of Langhorne will be acquiring the law firm run by Statew Rep. Scott Petri (R-Bucks), who will join the 18-lawyer firm as of also includesan associate. Petri will focus on litigationb and realestat … Former partner Louiws Sinatra joined Offit Kurman as a partner. The rest of Pelinoi joined Jan.
1… Eric Spevak, the 2008 president of the Camden CountytBar Association, has taken his name off the door at Haddonfielf family law firm , which changeed its name to Adinolfi & Spevak will remain as senioe counsel.
viernes, 9 de noviembre de 2012
AEP buying solar energy from Ohio facility - The Business Journal of the Greater Triad Area:
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The Columbus-based utility on Mondayy said its AEP Ohio subsidiary signedxa 20-year agreement with , a subsidiaryu of Boulder, Colo.-based developer . The company planx to begin building a 10 megawattt solar facility in Wyandot Countyu in November that could be up and runninhg a yearfrom now. Financial terms of the deal weren’tt disclosed, but AEP said the deal includes allthe facility’s energy outpu and renewable energy credits tied to the plant, to be locatesd near an AEP substation. Renewablre energy credits are sold separate from powere facilities generate and are used to verify compliancd with new alternative energy standard s implemented through an electriclaw Gov.
Ted Stricklansd signed last year, according to information from the Office of theOhio Counsel. AEP said the deal marks its first transactiohn for solar energy following previousw deals fornearly 1,8000 megawatts of wind energy. The utility previously has set a goal ofaddin 2,000 megawatts of wind or other renewabler energy by the end of 2011. American Electric (NYSE:AEP) delivers electricity in 11 states, including Ohio. The company last year earned $1.38 billion on $14.
6 billion in
The Columbus-based utility on Mondayy said its AEP Ohio subsidiary signedxa 20-year agreement with , a subsidiaryu of Boulder, Colo.-based developer . The company planx to begin building a 10 megawattt solar facility in Wyandot Countyu in November that could be up and runninhg a yearfrom now. Financial terms of the deal weren’tt disclosed, but AEP said the deal includes allthe facility’s energy outpu and renewable energy credits tied to the plant, to be locatesd near an AEP substation. Renewablre energy credits are sold separate from powere facilities generate and are used to verify compliancd with new alternative energy standard s implemented through an electriclaw Gov.
Ted Stricklansd signed last year, according to information from the Office of theOhio Counsel. AEP said the deal marks its first transactiohn for solar energy following previousw deals fornearly 1,8000 megawatts of wind energy. The utility previously has set a goal ofaddin 2,000 megawatts of wind or other renewabler energy by the end of 2011. American Electric (NYSE:AEP) delivers electricity in 11 states, including Ohio. The company last year earned $1.38 billion on $14.
6 billion in
miércoles, 7 de noviembre de 2012
Lane4 completes purchase of three Kansas City-area shopping centers - Kansas City Business Journal:
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million. The Kansas City Business Journap reported that the PrairieVillage Shops, the Corintgh Square shopping center in Prairie Village and the Fairwayh Shops in Fairway were under contract to investore led by Lane4, a Kansas City-bases commercial real estate brokeragde and development firm. Highwoods (NYSE: based in Raleigh, N.C., disclosed the sale prices in aThursday release. The three shoppingy centers have a combined 2009 appraisede value ofabout $64 million, according to figures from the Johnsojn County Appraiser’s Office. The three shopping centers contain 416,000 square feet combined and on average, 94.5 percent leased and 55 years old, Highwoodsz said.
The properties generate a combined annualk cash net operating income ofabout $5.4 million. The new owners plan no “immediatde major changes” to the shopping Jeff Berg, senior vice president and principaklof Lane4, said in a separate release Thursday. “We intend to enhance and upgrade the centers as opportunities arise over time, but these improvements will not changre their basic character,” Lane4 President Owen Buckley said in the “We look forward to takinf good care of them and feel they represent an excelleny opportunity to invest in our community.
” Kansas City developer Jess Clyde Nichols built the grocery-anchored shopping centerz in the mid-1900s, and the JC Nicholx Co. sold them to Highwoods in 1998.
million. The Kansas City Business Journap reported that the PrairieVillage Shops, the Corintgh Square shopping center in Prairie Village and the Fairwayh Shops in Fairway were under contract to investore led by Lane4, a Kansas City-bases commercial real estate brokeragde and development firm. Highwoods (NYSE: based in Raleigh, N.C., disclosed the sale prices in aThursday release. The three shoppingy centers have a combined 2009 appraisede value ofabout $64 million, according to figures from the Johnsojn County Appraiser’s Office. The three shopping centers contain 416,000 square feet combined and on average, 94.5 percent leased and 55 years old, Highwoodsz said.
The properties generate a combined annualk cash net operating income ofabout $5.4 million. The new owners plan no “immediatde major changes” to the shopping Jeff Berg, senior vice president and principaklof Lane4, said in a separate release Thursday. “We intend to enhance and upgrade the centers as opportunities arise over time, but these improvements will not changre their basic character,” Lane4 President Owen Buckley said in the “We look forward to takinf good care of them and feel they represent an excelleny opportunity to invest in our community.
” Kansas City developer Jess Clyde Nichols built the grocery-anchored shopping centerz in the mid-1900s, and the JC Nicholx Co. sold them to Highwoods in 1998.
martes, 6 de noviembre de 2012
Simon Property to manage the Galleria - Puget Sound Business Journal (Seattle):
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Indianapolis-based Simon Property Group (NYSE: SPG) said it will take over managemenf duties fromon Aug. 1. The real estate investment which owns and develops retailreal estate, said Wednesda y it will be assuming all management and marketing duties for the Galleriaz Dallas. "We are pleased to take on the property managemenr functions ofthese high-quality assets at the request of the institutionapl owner," said Rick Sokolov, Simon's president and chiefr operating officer. The Dallas Business Journal announced earlietr in the year that Simonb Property Group had raisedr upto $1 billion in a secondary stockm offering to purchase properties.
At the there was speculation thatSimon Property, whichj owns or has a stake in nearly 400 malls, may be a potential bidder to manage the Galleria Dallas with the mall’ previous manager General Growtnh Properties filing for bankruptcy earlier this year. Simojn Property Group is already involved in shopping centerse such as Grapevine AllenPremium Outlets, Irving Mall and Firewheel Town Centet in Garland.
Indianapolis-based Simon Property Group (NYSE: SPG) said it will take over managemenf duties fromon Aug. 1. The real estate investment which owns and develops retailreal estate, said Wednesda y it will be assuming all management and marketing duties for the Galleriaz Dallas. "We are pleased to take on the property managemenr functions ofthese high-quality assets at the request of the institutionapl owner," said Rick Sokolov, Simon's president and chiefr operating officer. The Dallas Business Journal announced earlietr in the year that Simonb Property Group had raisedr upto $1 billion in a secondary stockm offering to purchase properties.
At the there was speculation thatSimon Property, whichj owns or has a stake in nearly 400 malls, may be a potential bidder to manage the Galleria Dallas with the mall’ previous manager General Growtnh Properties filing for bankruptcy earlier this year. Simojn Property Group is already involved in shopping centerse such as Grapevine AllenPremium Outlets, Irving Mall and Firewheel Town Centet in Garland.
domingo, 4 de noviembre de 2012
Analysis: Week from hell turns into seven days to remember for Swansea City - WalesOnline
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Analysis: Week from hell turns into seven days to remember for Swansea City WalesOnline IT WAS supposed to be the week from hell for Swansea City, instead it turned into seven days to remember.Seven days in which they took on the reigning Premier League champions, League Cup holders and current European champions yet still came out ... |
sábado, 3 de noviembre de 2012
Sloan resigns from BofA board - Houston Business Journal:
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Sloan offered his resignation to new board chairmanh Walter Masseylast week, the bank said in a May 29 regulatoru filing. BofA didn’t disclose Sloan’ss reason for resigning. As the lead independenty director, Sloan has been under intense criticism in recenft months as the bank suffered througn a sharp stock price decline aftefr acquiring MerrillLynch & Co. BofA also has receiver $45 billion of taxpayer aid. , a Houston-basede investment firm that holds 1.1 million BofA was among several groups that waged a proxyt againstthe country’s largest bank holding including calling for Sloan’ws ouster.
Sloan was narrowly re-elected to the bank’s board at the annual meetinbgin April. Meanwhile, shareholdera voted to strip BofA Chief Executive Kenneth Lewis ofthe bank’s and Massey was elected to take over board Lewis remains the bank’s CEO and Sloan, 70, served as a BofA directore for 13 years. During his tenure, Sloan servee as chairman of both the executivde committee and the compensation andbenefits committee. He also was a membee of the corporategovernance committee.
“Temple has been a trustes adviser who has made an invaluable contribution to the successe ofour company,” Lewis said in a “We will miss his counsel and his BofA (NYSE: BAC) is based in N.C.
Sloan offered his resignation to new board chairmanh Walter Masseylast week, the bank said in a May 29 regulatoru filing. BofA didn’t disclose Sloan’ss reason for resigning. As the lead independenty director, Sloan has been under intense criticism in recenft months as the bank suffered througn a sharp stock price decline aftefr acquiring MerrillLynch & Co. BofA also has receiver $45 billion of taxpayer aid. , a Houston-basede investment firm that holds 1.1 million BofA was among several groups that waged a proxyt againstthe country’s largest bank holding including calling for Sloan’ws ouster.
Sloan was narrowly re-elected to the bank’s board at the annual meetinbgin April. Meanwhile, shareholdera voted to strip BofA Chief Executive Kenneth Lewis ofthe bank’s and Massey was elected to take over board Lewis remains the bank’s CEO and Sloan, 70, served as a BofA directore for 13 years. During his tenure, Sloan servee as chairman of both the executivde committee and the compensation andbenefits committee. He also was a membee of the corporategovernance committee.
“Temple has been a trustes adviser who has made an invaluable contribution to the successe ofour company,” Lewis said in a “We will miss his counsel and his BofA (NYSE: BAC) is based in N.C.
viernes, 2 de noviembre de 2012
Lawyer sanctioned in bond financing case - New Mexico Business Weekly:
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Fulton Superior Court Judgd Michael D. Johnson, who ruled in May that Woodham had intervenedd improperly in two bondvalidation proceedings, ordered the attorne to pay more than $430,000 to covert the defendants’ court costs. In a case involving an Atlanta-based condominium developer, the judge accused Woodham of “unethicap … and possibly illegal” conduct for offerinv to withdraw his intervention in the lawsuit fora $1.3 million. According to court Woodham responded that he only intended to ask for and that the money was to go to ahomeless shelter, not for his personal use.
Woodham and the ADA have been lockef in a legal dispute spreading over several He has been challenginhg the legalityof lease-purchase bonds approved durinfg the last two yearz by both the ADA and the Developmenft Authority of Fulton County. Both authoritiesx have defended the bonds as legitimate and vitao economicdevelopment tools.
Fulton Superior Court Judgd Michael D. Johnson, who ruled in May that Woodham had intervenedd improperly in two bondvalidation proceedings, ordered the attorne to pay more than $430,000 to covert the defendants’ court costs. In a case involving an Atlanta-based condominium developer, the judge accused Woodham of “unethicap … and possibly illegal” conduct for offerinv to withdraw his intervention in the lawsuit fora $1.3 million. According to court Woodham responded that he only intended to ask for and that the money was to go to ahomeless shelter, not for his personal use.
Woodham and the ADA have been lockef in a legal dispute spreading over several He has been challenginhg the legalityof lease-purchase bonds approved durinfg the last two yearz by both the ADA and the Developmenft Authority of Fulton County. Both authoritiesx have defended the bonds as legitimate and vitao economicdevelopment tools.
miércoles, 31 de octubre de 2012
No. 130: Ben Hur Construction Co. - St. Louis Business Journal:
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The general construction management firm's steell works division debutedlast summer, and that was the main factof driving its tremendous Brown said. Ben Hur Steel formed in the spring of isa full-service steel business that fabricates, engineers and erects steel framing for buildings. Its notable locap projects include The Crescent developmenr in Claytonand St. Anthony's Medical About 30 employees were hired to work in thesteeo division. "We've been very fortunate, especially since the general constructiohn community here locally has embraced our steel workws operation and has already put us in a plac e of prominence in a short periosdof time," Brown said.
On the construction Ben Hur's top clients include Anheuser-Busch Cos. Inc., The Boeingv Co. and Lambert-St. Louis Internationalp Airport. With projects including an additionat Pfizer' s Chesterfield facility expected to be completed this Brown expects Ben Hur'xs 2007 revenue to be between $110 million and $120 In addition to its St. Louis Ben Hur has operations in Cincinnatuand Indianapolis. Of the company's 450 150 are located in St. Brown, the company's largest is joined by the St. Louis senior managemeng team ofJohn Vogt, vice presidentr of western division; Thomas Schmidt, chief financial officer; and Randy Boettler, vice presidenyt of general construction.
Mark Douglas and William Nick Browjn III run the Cincinnati and Indianapolis offices, respectively.
The general construction management firm's steell works division debutedlast summer, and that was the main factof driving its tremendous Brown said. Ben Hur Steel formed in the spring of isa full-service steel business that fabricates, engineers and erects steel framing for buildings. Its notable locap projects include The Crescent developmenr in Claytonand St. Anthony's Medical About 30 employees were hired to work in thesteeo division. "We've been very fortunate, especially since the general constructiohn community here locally has embraced our steel workws operation and has already put us in a plac e of prominence in a short periosdof time," Brown said.
On the construction Ben Hur's top clients include Anheuser-Busch Cos. Inc., The Boeingv Co. and Lambert-St. Louis Internationalp Airport. With projects including an additionat Pfizer' s Chesterfield facility expected to be completed this Brown expects Ben Hur'xs 2007 revenue to be between $110 million and $120 In addition to its St. Louis Ben Hur has operations in Cincinnatuand Indianapolis. Of the company's 450 150 are located in St. Brown, the company's largest is joined by the St. Louis senior managemeng team ofJohn Vogt, vice presidentr of western division; Thomas Schmidt, chief financial officer; and Randy Boettler, vice presidenyt of general construction.
Mark Douglas and William Nick Browjn III run the Cincinnati and Indianapolis offices, respectively.
martes, 30 de octubre de 2012
United Way using local celebrities, Internet to promote campaign - Phoenix Business Journal:
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Called “Live United,” the campaign’s goal is to raise $53 million to help fund social service programa acrossMaricopa County. The “Live message is aimed at bringiny thecommunity together, said Marcia Mintz, the group’as chief development officer. “This is really a call to action. The wholse point is to give the communithy a chance toget involved,” she said. Vallegy personalities lending their support include shooting guardxRaja Bell, cornerback Roderick Hood, news anchor Katie and proprietor and chef Eddie Matney.
Visitors to the campaign’se Web site can learn more aboutythe celebrities’ professional lives and involvement in the Uniter Way through an interactive quiz called “How I Live “Look at the times we are living in,” said “I am very fortunate and very blessed. It’se our responsibility as members of the community to be a part of the United Way and try and make a Foundedin 1925, Valley of the Sun Uniteed Way works with more than 100 agencies, funding programs to promote educational preparedness for youngsters, job training and help familie s in crisis. The campaign’s goal is about $500,000 more than the recordx $52.
5 million raised last With demand for services up and consumers pincheds bythe economy, executives recognize the fundraising environment is a bit toug these days. “We are being prettyh conservativethis year. I think it will be a challenge to reachthat goal, but I also think our communitg can do it,” Mintz said. As part of the campaign, volunteersz and members of the United Way Loaned Executive program are visiting more than 700 businessesx across the Valley to talk about the availabilityh of services and the need to fund While delivering aserious message, the campaignb aims to be fun and interactive, organizers say.
“Livr United” includes YouTube videos, and the campaign’s interactivse Web site offers chances to win Volunteers also will be promoting the cause atcommunitg events, with the goal of alerting peopled to the presence of Unitedc Way in the “We thought this was a reallyg creative idea. While giving is really a priority, if you can’t get involved,” Mintz said.
Valleh of the Sun United Way:
Called “Live United,” the campaign’s goal is to raise $53 million to help fund social service programa acrossMaricopa County. The “Live message is aimed at bringiny thecommunity together, said Marcia Mintz, the group’as chief development officer. “This is really a call to action. The wholse point is to give the communithy a chance toget involved,” she said. Vallegy personalities lending their support include shooting guardxRaja Bell, cornerback Roderick Hood, news anchor Katie and proprietor and chef Eddie Matney.
Visitors to the campaign’se Web site can learn more aboutythe celebrities’ professional lives and involvement in the Uniter Way through an interactive quiz called “How I Live “Look at the times we are living in,” said “I am very fortunate and very blessed. It’se our responsibility as members of the community to be a part of the United Way and try and make a Foundedin 1925, Valley of the Sun Uniteed Way works with more than 100 agencies, funding programs to promote educational preparedness for youngsters, job training and help familie s in crisis. The campaign’s goal is about $500,000 more than the recordx $52.
5 million raised last With demand for services up and consumers pincheds bythe economy, executives recognize the fundraising environment is a bit toug these days. “We are being prettyh conservativethis year. I think it will be a challenge to reachthat goal, but I also think our communitg can do it,” Mintz said. As part of the campaign, volunteersz and members of the United Way Loaned Executive program are visiting more than 700 businessesx across the Valley to talk about the availabilityh of services and the need to fund While delivering aserious message, the campaignb aims to be fun and interactive, organizers say.
“Livr United” includes YouTube videos, and the campaign’s interactivse Web site offers chances to win Volunteers also will be promoting the cause atcommunitg events, with the goal of alerting peopled to the presence of Unitedc Way in the “We thought this was a reallyg creative idea. While giving is really a priority, if you can’t get involved,” Mintz said.
Valleh of the Sun United Way:
lunes, 29 de octubre de 2012
Bar owner knows Hurricane Sandy might not spare places like the Ark this time - The Star-Ledger - NJ.com (blog)
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The Star-Ledger - NJ.com (blog) | Bar owner knows Hurricane Sandy might not spare places like the Ark this time The Star-Ledger - NJ.com (blog) Enlarge Star-Ledger Staff Tom Kowal, left, and Joe Rulli, owners of Joeys Pizza and Pasta, board up their restaurant on Long Beach Blvd as Hurricane Sandy makes its way toward Long Beach Island. They were prepared with their orange sign from previous ... '91 perfect storm skipper leery of Hurricane Sandy |
sábado, 27 de octubre de 2012
Beige Book: Region
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Consumer spending in the region was weak and is expecte toremain soft, the closely watched surveyy said, but “an uptick in manufacturingv orders helped stabilize expectations for futurre production.” The Beige Book also said that “commercial real estate market conditions deteriorated, and energy activity declinexd further.” Bankers, it said, “reported a rise in deposits and stable loan demand with no erosion in loan It said consumer price and wage pressurews remained low. Meanwhile, producer prices “declined at a slowedr pace, with some firms noting that highet commodity prices boosted material andfuel costs.
” Overall, the latestg regional Beige Book covering a six-week period was somewhat more optimistic than the last survey, released Aprip 15. The report covers the Fed’s Kansas City-based 10th It is based on interviews with a sample of businesses representing key industries ineach district. The reports are anecdotap and do notcontain statistics, but they are widely follower and help the Fed to set nationakl economic policy. The Fed’s 10th District includes Colorado, Nebraska, Oklahoma and Wyoming as well as westerb Missouri and northernNew Mexico.
Formally known as the “Summary of Commentarg on Current Economic Conditions by FederalReserv District,” the Beige Book is published eight times a The latest report covers late April through May. The Federa l Reserve’s 10th District is also known as the Kansas City district becausdethe reserve’s regional bank is based there. .
Consumer spending in the region was weak and is expecte toremain soft, the closely watched surveyy said, but “an uptick in manufacturingv orders helped stabilize expectations for futurre production.” The Beige Book also said that “commercial real estate market conditions deteriorated, and energy activity declinexd further.” Bankers, it said, “reported a rise in deposits and stable loan demand with no erosion in loan It said consumer price and wage pressurews remained low. Meanwhile, producer prices “declined at a slowedr pace, with some firms noting that highet commodity prices boosted material andfuel costs.
” Overall, the latestg regional Beige Book covering a six-week period was somewhat more optimistic than the last survey, released Aprip 15. The report covers the Fed’s Kansas City-based 10th It is based on interviews with a sample of businesses representing key industries ineach district. The reports are anecdotap and do notcontain statistics, but they are widely follower and help the Fed to set nationakl economic policy. The Fed’s 10th District includes Colorado, Nebraska, Oklahoma and Wyoming as well as westerb Missouri and northernNew Mexico.
Formally known as the “Summary of Commentarg on Current Economic Conditions by FederalReserv District,” the Beige Book is published eight times a The latest report covers late April through May. The Federa l Reserve’s 10th District is also known as the Kansas City district becausdethe reserve’s regional bank is based there. .
viernes, 26 de octubre de 2012
Missouri ups the ante on unpaid taxes - Kansas City Business Journal:
ysynut.wordpress.com
Effective Jan. 1, state law will requirw companies renewing business licenses to obtain a certificat confirming that they have notaxes due. the Department of Revenue has hired three contractors since 2004 to identify and collect unpaid andunderreportedx taxes. The contractors have identifiedalmost $80 million the department otherwise might have missed, spokesma David Griffith said. The statde also has enlisted the public’s support. A “Who is not link on the department’s home page lista companies whose sales tax licenses have been revoked for failure toremit taxes. As of Dec. 21, the site listed 607 businessedin Jackson, Clay and Platte counties.
Even with outsides help, the state’s handle on tax delinquencies appears tenuous. Jim who left as administrator of the Departmentgof Revenue’s taxation bureau in estimated that as much as $1 billion in delinquent taxes are outstanding, though about half of that probably is too old or difficul t to realistically try to collect. “The figure is extremely hard to quantifuyand prove,” said now a consultant with , a Montreal-based technologyg consulting firm. “If someone wanted to pin me down for a Iprobably wouldn’t have one.” Omar Davis, the director of revenue since 2007, disputed Brentlinger’s $1 billiohn figure.
But the departmeng could not provide a specifi c figure or even an estimatw of unpaid orunderpaid taxes. Janette Lohman, a lawyer with who servec as director of revenue from 1993 to said she has no idea how the departmenf couldquantify delinquencies. Unless filers are auditef or filing discrepanciesare investigated, it is difficult to determine whether they owe more, she Another problem is that the departmenty has no authority to wipe unpaid taxe s off its books, even when the state has no chance of collecting A third issue is the department’s accounting systemw and software.
As recently as four years ago, the departmeng was unable to get its 118 different taxsystemsd — for personal income, sales, business, withholding, cigaretted and other taxes — to talk to one Manual paper reports made it difficult to update information throughout those systems and identifyy delinquencies. Overhauling the syste probably would take years and cost tens of millione of dollarsor more, Brentlingere said. That would require buy-in by the department, the statwe Office of Administration, the governor and legislators a tall orderin today’s economic In September 2004, the Department of Revenue hired of Ohio, to compare various tax recordd and information sources.
Through the June 30 expiratiojn ofits contract, the departmeny paid Teradata $12.5 million for its help in recovering $51 milliob in unpaid and underreported taxes. On July 1, the departmenrt signed a new contract with Teradatsa to expand and update Brentlinger said. In October 2007, the departmeng hired , a New York City-bases receivables management and third-party collections and Houston-based , which billws itself as North America’s largest private collectio agency. IQor contacts taxpayers to try to get them to make good on unpaid taxes or establish apayment plan.
IQor’s subsidiargy and GC Services pursue collectione more aggressively when phone callds andletters don’t do the trick. They can pay personalk visits, notify credit agencies and even work with Griffith said the department canattributde $24.8 million in collections of delinquenr taxes to iQor in fiscal 2008; iQor was paid nearlyu $1.26 million for its services. GC Servicesw collected $4 million and was paid $259,000 in fiscal 2008. He said both contractsz are set to expir ein June. “It’s not fair to taxpayers who pay everyt year for others to slide by and go undefrthe radar,” Griffith said.
Effective Jan. 1, state law will requirw companies renewing business licenses to obtain a certificat confirming that they have notaxes due. the Department of Revenue has hired three contractors since 2004 to identify and collect unpaid andunderreportedx taxes. The contractors have identifiedalmost $80 million the department otherwise might have missed, spokesma David Griffith said. The statde also has enlisted the public’s support. A “Who is not link on the department’s home page lista companies whose sales tax licenses have been revoked for failure toremit taxes. As of Dec. 21, the site listed 607 businessedin Jackson, Clay and Platte counties.
Even with outsides help, the state’s handle on tax delinquencies appears tenuous. Jim who left as administrator of the Departmentgof Revenue’s taxation bureau in estimated that as much as $1 billion in delinquent taxes are outstanding, though about half of that probably is too old or difficul t to realistically try to collect. “The figure is extremely hard to quantifuyand prove,” said now a consultant with , a Montreal-based technologyg consulting firm. “If someone wanted to pin me down for a Iprobably wouldn’t have one.” Omar Davis, the director of revenue since 2007, disputed Brentlinger’s $1 billiohn figure.
But the departmeng could not provide a specifi c figure or even an estimatw of unpaid orunderpaid taxes. Janette Lohman, a lawyer with who servec as director of revenue from 1993 to said she has no idea how the departmenf couldquantify delinquencies. Unless filers are auditef or filing discrepanciesare investigated, it is difficult to determine whether they owe more, she Another problem is that the departmenty has no authority to wipe unpaid taxe s off its books, even when the state has no chance of collecting A third issue is the department’s accounting systemw and software.
As recently as four years ago, the departmeng was unable to get its 118 different taxsystemsd — for personal income, sales, business, withholding, cigaretted and other taxes — to talk to one Manual paper reports made it difficult to update information throughout those systems and identifyy delinquencies. Overhauling the syste probably would take years and cost tens of millione of dollarsor more, Brentlingere said. That would require buy-in by the department, the statwe Office of Administration, the governor and legislators a tall orderin today’s economic In September 2004, the Department of Revenue hired of Ohio, to compare various tax recordd and information sources.
Through the June 30 expiratiojn ofits contract, the departmeny paid Teradata $12.5 million for its help in recovering $51 milliob in unpaid and underreported taxes. On July 1, the departmenrt signed a new contract with Teradatsa to expand and update Brentlinger said. In October 2007, the departmeng hired , a New York City-bases receivables management and third-party collections and Houston-based , which billws itself as North America’s largest private collectio agency. IQor contacts taxpayers to try to get them to make good on unpaid taxes or establish apayment plan.
IQor’s subsidiargy and GC Services pursue collectione more aggressively when phone callds andletters don’t do the trick. They can pay personalk visits, notify credit agencies and even work with Griffith said the department canattributde $24.8 million in collections of delinquenr taxes to iQor in fiscal 2008; iQor was paid nearlyu $1.26 million for its services. GC Servicesw collected $4 million and was paid $259,000 in fiscal 2008. He said both contractsz are set to expir ein June. “It’s not fair to taxpayers who pay everyt year for others to slide by and go undefrthe radar,” Griffith said.
jueves, 25 de octubre de 2012
Dan Snyder stays at Six Flags under reorganization - Houston Business Journal:
stockdaleiqemico1521.blogspot.com
Six Flags is also seeking a $600 million loan, secured by its and $150 million in a new revolvinygcredit line. The company’s executive retention plan wouldc keep Snyder as board member and Mark Shapiro, currently chief executive, as well as chie f financial officer Jeffrey Speed and several other top management would also stay on in executiv roles. Six Flags, which announcerd its Chapter 11 bankruptcy filing overthe weekend, liste d $2.4 billion in debt and $3 billion in It hopes to cut debt by $1.8 billion and wipe out more than $300 milliomn in preferred stock.
Snyder and his management who took control of the themr park operator three and a halfyears ago, have not been able to returbn the company to profitability, despite increasing attendance and selling severaol parks to raise capital last year. The company reported a $146 million first quarter Six Flags has said its reorganization will not affect park operations and its vendors and employeex will continue tobe paid. Six Flagzs 20 theme parks includein Largo.
Six Flags is also seeking a $600 million loan, secured by its and $150 million in a new revolvinygcredit line. The company’s executive retention plan wouldc keep Snyder as board member and Mark Shapiro, currently chief executive, as well as chie f financial officer Jeffrey Speed and several other top management would also stay on in executiv roles. Six Flags, which announcerd its Chapter 11 bankruptcy filing overthe weekend, liste d $2.4 billion in debt and $3 billion in It hopes to cut debt by $1.8 billion and wipe out more than $300 milliomn in preferred stock.
Snyder and his management who took control of the themr park operator three and a halfyears ago, have not been able to returbn the company to profitability, despite increasing attendance and selling severaol parks to raise capital last year. The company reported a $146 million first quarter Six Flags has said its reorganization will not affect park operations and its vendors and employeex will continue tobe paid. Six Flagzs 20 theme parks includein Largo.
martes, 23 de octubre de 2012
Canadians set up outposts in Northern Washington - Portland Business Journal:
ycoguqi.wordpress.com
“We’ve had a number of inquiriee from manufacturers and industries out of Canada about lookinyg at land in the United saidRon Freeman, owner of Doug Freeman Real Estate in Blaine, Wash., which is located alony Interstate 5 right at the Canadian “The overwhelming cause is that the land costs in Canada have become so Eugen Klein, a broker in Vancouver, British said industrial property prices in the provincee have quadrupled in some areas over the past four He cited several other reasons why Canadian companiexs are looking south. “Down he said, “there are also better tax advantages, capital gains rollovers, and bettefr employment laws.
” A stronb Canadian dollar also has providedsome muscle. Inquirie s really began to pick up when it drew even withthe U.S. dollare in the fall of 2007, Freemajn said. For manufacturers with lots of U.S. a factory in Washington means eliminating the red tape of sendinh products across aninternational border, and lowet transportation costs. Even a warehouse helps. “In a smal l way a lot of Canadian companiezs are doing something we calla ‘picj and pack.
’ They may still be manufacturing productds in Canada, but they are buying warehouses in the Unite d States and inventorying their products here,” Freeman The Washington outposts often have a degree of separation from the Canadian headquarters. Back in 2003, Golden Boy Foods, of Burnaby, B.C., opened a subsidiary called in That same yearin Ferndale, Wash., eight miles southeast of LLC set up It calls itself a sistet company to Intercontinental Truck Body of Surrey, B.C. This opened in Blaine, noting that abourt 40 percent of theparenft company’s ceramic tile business has been in the United The level of interest in U.S.
propertg is tied closely to the distancw from theCanadian border. The Seattle officesz of CB Richard Ellis and saythey aren’tg seeing any increase in interest in the Seattle-Tacoma “There hasn’t been much buying in Seattl because our cap (capitalization) rates are so said Greg Laycock, senior vice president of investment sales for Grubbg & Ellis in Seattle. The Canadians want commercial propertiess that can perform on their own withoutr the extra boost of theexchangre rate, he said. Farthedr north, the change is more “We’re seeing a little more interest,” said Don executive director of the ofSkagit County, locatede in Northwest Washington.
“Certainly if the dollarr continues tobe weak, I assumw we are going to see more activitt from Canada. That’s just logic playing out.” Canadianh interest had already been noticeabls forseveral decades, said Ron Bennetg of Ron Bennett Commercial Real Estate in Wash. “In commercial, they have been very activr down here because a lot of the Canadiansw over the years have put funds in U.S. banks down here,” he said. “Abouf 30 percent of the people who come in here are Of that30 percent, about 50 percent are vacangt land speculators. I wouldd say another 10 percent arebottom feeders.
” The strong Canadiam dollar allows them to come in with strong but they aren’t walking in the door readyt to pay full price, he said. Some buy large projectss such as apartment complexes andretaill centers, but the primary focus is on distributiomn centers and lumber. “In Bellinghajm we don’t have a lot of retail land or light industrialo inour inventory,” Bennett said. “When you don’tr have a lot of land in of course the price goes up Right next to the Canadian the surge in inquiries ismost “It’s not an anomaly. It’ss a definite trend, probably in the last year or saidNancy Jordan, executive director of the .
One of the firsyt things her office does is make sure the companie are in contact with immigration attorneys and accountant who understand the complexitiesof cross-borderr taxation. The economic impact goes beyond commercialreal estate.
“We’ve had a number of inquiriee from manufacturers and industries out of Canada about lookinyg at land in the United saidRon Freeman, owner of Doug Freeman Real Estate in Blaine, Wash., which is located alony Interstate 5 right at the Canadian “The overwhelming cause is that the land costs in Canada have become so Eugen Klein, a broker in Vancouver, British said industrial property prices in the provincee have quadrupled in some areas over the past four He cited several other reasons why Canadian companiexs are looking south. “Down he said, “there are also better tax advantages, capital gains rollovers, and bettefr employment laws.
” A stronb Canadian dollar also has providedsome muscle. Inquirie s really began to pick up when it drew even withthe U.S. dollare in the fall of 2007, Freemajn said. For manufacturers with lots of U.S. a factory in Washington means eliminating the red tape of sendinh products across aninternational border, and lowet transportation costs. Even a warehouse helps. “In a smal l way a lot of Canadian companiezs are doing something we calla ‘picj and pack.
’ They may still be manufacturing productds in Canada, but they are buying warehouses in the Unite d States and inventorying their products here,” Freeman The Washington outposts often have a degree of separation from the Canadian headquarters. Back in 2003, Golden Boy Foods, of Burnaby, B.C., opened a subsidiary called in That same yearin Ferndale, Wash., eight miles southeast of LLC set up It calls itself a sistet company to Intercontinental Truck Body of Surrey, B.C. This opened in Blaine, noting that abourt 40 percent of theparenft company’s ceramic tile business has been in the United The level of interest in U.S.
propertg is tied closely to the distancw from theCanadian border. The Seattle officesz of CB Richard Ellis and saythey aren’tg seeing any increase in interest in the Seattle-Tacoma “There hasn’t been much buying in Seattl because our cap (capitalization) rates are so said Greg Laycock, senior vice president of investment sales for Grubbg & Ellis in Seattle. The Canadians want commercial propertiess that can perform on their own withoutr the extra boost of theexchangre rate, he said. Farthedr north, the change is more “We’re seeing a little more interest,” said Don executive director of the ofSkagit County, locatede in Northwest Washington.
“Certainly if the dollarr continues tobe weak, I assumw we are going to see more activitt from Canada. That’s just logic playing out.” Canadianh interest had already been noticeabls forseveral decades, said Ron Bennetg of Ron Bennett Commercial Real Estate in Wash. “In commercial, they have been very activr down here because a lot of the Canadiansw over the years have put funds in U.S. banks down here,” he said. “Abouf 30 percent of the people who come in here are Of that30 percent, about 50 percent are vacangt land speculators. I wouldd say another 10 percent arebottom feeders.
” The strong Canadiam dollar allows them to come in with strong but they aren’t walking in the door readyt to pay full price, he said. Some buy large projectss such as apartment complexes andretaill centers, but the primary focus is on distributiomn centers and lumber. “In Bellinghajm we don’t have a lot of retail land or light industrialo inour inventory,” Bennett said. “When you don’tr have a lot of land in of course the price goes up Right next to the Canadian the surge in inquiries ismost “It’s not an anomaly. It’ss a definite trend, probably in the last year or saidNancy Jordan, executive director of the .
One of the firsyt things her office does is make sure the companie are in contact with immigration attorneys and accountant who understand the complexitiesof cross-borderr taxation. The economic impact goes beyond commercialreal estate.
lunes, 22 de octubre de 2012
GSA, lien suits put Opus East on verge of bankruptcy - Pacific Business News (Honolulu):
meaning-sarajevo.blogspot.com
But now, because the U.S. General Services Administration has refusexd to pay the developerfor “eveh one penny” of the more than $35 milliom the company has invested in erectintg a new federal building in College Park, Opus East is teetering on the verge of the company says. And the problemxs aren’t limited to College Opus’ liquidity problems have had an unexpected impactt on projects at Catholic Universit in the District and as far away as How serious arethe long-term ramificationx for Opus East? “It’s not something we’re happuy about — we’ll put it that way,” said a corporates spokeswoman.
Opus East’s parent company, Minn.-based Opus Corp., has retainesd legal counsel “to explore bankruptch or restructuring” for Opus East and Opus a Phoenix-based operating company, said the spokeswoman, Winstohn Hewett. Two other Opus operatinbg companies, Opus South and Hill Countrty Galleria, were put into Chapter 11 bankruptcy proceedingsthis spring. For Opus Corp, “this is all reallh new territory,” Hewett said. “In our 56 years in the industry, this is the firsrt time we’ve ever run into a completre meltdown ofthe industry. We’ve never experience anything like this.
” From the company’s perspective, the problems in its East Coast division are attributable in larg part toOpus East’s 2005 GSA contract to design, financ e and build a 269,000-square-foot home for the Nationa Oceanic and Atmospheric Administration’s Center for Weather and Climatw Prediction in College Park. The project broke grounds in 2007 but, despite tacking on additional the GSA has made no payments for any Opus East workso far. The Department of Justice is defending the GSA inOpus East’s As a matter of policy, the department does not commentt when litigation is pending.
In correspondence betwee n thetwo parties, filed in court, the GSA said it has no obligatioh to provide progress payments or to modifyy the lease agreement. Still, the GSA said in the letterss that it had proposed three differentylease modifications, and all three were rejected by Opus By the third quarter of 2007, the projecft was hurting Opus East’s overalpl operations, the company said. Opus abandoned the construction site in January and sued the GSA inthe U.S. Courtg of Federal Claims in May. In the meantimee — with virtually no money available in the capitalmarketds — the company is stretched thin at severap other projects in the area.
As Opus East put the finishingy touches on 100M St. SE, its contracteds buyer, Detroit-based MayfieldGentry Realty Advisors LLC, walked away from the deal in May. Just four blockds away, its 442,000-square-foot speculative office project at 1015Half St. SE is continuingg in full swing. Even so, it’s no cake “In light of the current market until a project is leased and every spec project has the capacit y to financially impactan organization,” Hewetty said.
The company delivered Opus Hall, a 402-bedr dormitory at The Catholic Universithyof America, in January but, by unpaid contractors were filing liens against both Opus East and the At the end of May, at leasr one contractor, Joseph J. Magnolia Inc., had filedr suit for nonpayment agains t Opus East and ContinentalCasualty Co., which had issued a $30 million payment bond on the Catholic project. Although Opus Hall is ownede entirelyby Catholic, the Opus spokeswoman said the contractores should not have filed lienes against the university, only against Opus East and the In Manassas, Opus has spent the past four years planning and building Hastings Marketplace, a 13.
2-acres residential and retail project that woulcd bring the city’s first Harris Teeter grocerh store to the juncture of Prince William Parkwag and Lake Jackson Drive. But both the residentiapl and retail markets had slowed byearlh 2008, and as the economic crisis hit its full stride in the thircd quarter, the company cut the scopde of the project in half. On the things look good at Hastings: One of the two planned buildinges hasbeen delivered, and Harris Teeter is schedulefd to open any day now. But the construction lenderr cut off funding earliee this year after it determineethe property’s value had dropped far below its acceptablde loan-to-value ratio.
Unpaid contractors have filec at least four liens against theManassas property. As a Opus is particularly vulnerable to the seismic shifgt in the commercial realestat market.
But now, because the U.S. General Services Administration has refusexd to pay the developerfor “eveh one penny” of the more than $35 milliom the company has invested in erectintg a new federal building in College Park, Opus East is teetering on the verge of the company says. And the problemxs aren’t limited to College Opus’ liquidity problems have had an unexpected impactt on projects at Catholic Universit in the District and as far away as How serious arethe long-term ramificationx for Opus East? “It’s not something we’re happuy about — we’ll put it that way,” said a corporates spokeswoman.
Opus East’s parent company, Minn.-based Opus Corp., has retainesd legal counsel “to explore bankruptch or restructuring” for Opus East and Opus a Phoenix-based operating company, said the spokeswoman, Winstohn Hewett. Two other Opus operatinbg companies, Opus South and Hill Countrty Galleria, were put into Chapter 11 bankruptcy proceedingsthis spring. For Opus Corp, “this is all reallh new territory,” Hewett said. “In our 56 years in the industry, this is the firsrt time we’ve ever run into a completre meltdown ofthe industry. We’ve never experience anything like this.
” From the company’s perspective, the problems in its East Coast division are attributable in larg part toOpus East’s 2005 GSA contract to design, financ e and build a 269,000-square-foot home for the Nationa Oceanic and Atmospheric Administration’s Center for Weather and Climatw Prediction in College Park. The project broke grounds in 2007 but, despite tacking on additional the GSA has made no payments for any Opus East workso far. The Department of Justice is defending the GSA inOpus East’s As a matter of policy, the department does not commentt when litigation is pending.
In correspondence betwee n thetwo parties, filed in court, the GSA said it has no obligatioh to provide progress payments or to modifyy the lease agreement. Still, the GSA said in the letterss that it had proposed three differentylease modifications, and all three were rejected by Opus By the third quarter of 2007, the projecft was hurting Opus East’s overalpl operations, the company said. Opus abandoned the construction site in January and sued the GSA inthe U.S. Courtg of Federal Claims in May. In the meantimee — with virtually no money available in the capitalmarketds — the company is stretched thin at severap other projects in the area.
As Opus East put the finishingy touches on 100M St. SE, its contracteds buyer, Detroit-based MayfieldGentry Realty Advisors LLC, walked away from the deal in May. Just four blockds away, its 442,000-square-foot speculative office project at 1015Half St. SE is continuingg in full swing. Even so, it’s no cake “In light of the current market until a project is leased and every spec project has the capacit y to financially impactan organization,” Hewetty said.
The company delivered Opus Hall, a 402-bedr dormitory at The Catholic Universithyof America, in January but, by unpaid contractors were filing liens against both Opus East and the At the end of May, at leasr one contractor, Joseph J. Magnolia Inc., had filedr suit for nonpayment agains t Opus East and ContinentalCasualty Co., which had issued a $30 million payment bond on the Catholic project. Although Opus Hall is ownede entirelyby Catholic, the Opus spokeswoman said the contractores should not have filed lienes against the university, only against Opus East and the In Manassas, Opus has spent the past four years planning and building Hastings Marketplace, a 13.
2-acres residential and retail project that woulcd bring the city’s first Harris Teeter grocerh store to the juncture of Prince William Parkwag and Lake Jackson Drive. But both the residentiapl and retail markets had slowed byearlh 2008, and as the economic crisis hit its full stride in the thircd quarter, the company cut the scopde of the project in half. On the things look good at Hastings: One of the two planned buildinges hasbeen delivered, and Harris Teeter is schedulefd to open any day now. But the construction lenderr cut off funding earliee this year after it determineethe property’s value had dropped far below its acceptablde loan-to-value ratio.
Unpaid contractors have filec at least four liens against theManassas property. As a Opus is particularly vulnerable to the seismic shifgt in the commercial realestat market.
sábado, 20 de octubre de 2012
'Another Level' - Wichita Business Journal:
esivyjifag.wordpress.com
The same day he arrived in Wichitasfrom Florida, he attended an Urban League Two days later, he was meeting with his new staf f and members of the boardx trying to map out a plan for the nonprofi t organization to move That was last March when Daniel, 50, becamr the new president and CEO of the Urban replacing Brian Black, who left the organization to become the community affairs manage at Daniel has been busy since. “There was no real honeymooj for me when Igot here,” he Daniel left behind 15 years of service at the Urban Leaguw of Jacksonville, where he was the vice president for economic and strategic initiatives.
In Wichita, he oversees 32 full - and part-time employees and an annual operating budge tof $1.5 million. Daniel spentg most of his first year meeting peopls in the community and promoting the Urban an organization that advocates on behalgf of blacksin education, work force development and housing. He broughtr with him a business savvt that he says serves the UrbanLeagure well. “My whole reason for bein g here is to take this organization toanothedr level,” Daniel says. He says he wants the Urban Leaguse to generate more unrestrictedr income tobecome self-sustaining and less dependent on charityy giving.
To do that, Daniel is working on a way for the Urbanm Leagueto recruit, screen and train workers for Wichita People have taken notice of his efforts. “Hew certainly seems to have a vision withinthe organization,” say Connie who works in ’s cooperative educatiom program. “He’s a great face for the Urbanh League.” Dietz, also a member of the , firs met Daniel during an Urban League diversity traininy event at WSU and wasinstantly impressed. “I thinkl (Black) laid the foundation and Chester is ready to builron it,” Dietz says. With a year under his Daniel says there’s still more work to be done. Otherd agree.
“I think the best is yet to comewith Mr. says Lee Williams, Urban League board member and presidentf ofthe . “We are going to see some greatr things that are beneficial to this Daniel is always looking for ways tobettefr himself.
The same day he arrived in Wichitasfrom Florida, he attended an Urban League Two days later, he was meeting with his new staf f and members of the boardx trying to map out a plan for the nonprofi t organization to move That was last March when Daniel, 50, becamr the new president and CEO of the Urban replacing Brian Black, who left the organization to become the community affairs manage at Daniel has been busy since. “There was no real honeymooj for me when Igot here,” he Daniel left behind 15 years of service at the Urban Leaguw of Jacksonville, where he was the vice president for economic and strategic initiatives.
In Wichita, he oversees 32 full - and part-time employees and an annual operating budge tof $1.5 million. Daniel spentg most of his first year meeting peopls in the community and promoting the Urban an organization that advocates on behalgf of blacksin education, work force development and housing. He broughtr with him a business savvt that he says serves the UrbanLeagure well. “My whole reason for bein g here is to take this organization toanothedr level,” Daniel says. He says he wants the Urban Leaguse to generate more unrestrictedr income tobecome self-sustaining and less dependent on charityy giving.
To do that, Daniel is working on a way for the Urbanm Leagueto recruit, screen and train workers for Wichita People have taken notice of his efforts. “Hew certainly seems to have a vision withinthe organization,” say Connie who works in ’s cooperative educatiom program. “He’s a great face for the Urbanh League.” Dietz, also a member of the , firs met Daniel during an Urban League diversity traininy event at WSU and wasinstantly impressed. “I thinkl (Black) laid the foundation and Chester is ready to builron it,” Dietz says. With a year under his Daniel says there’s still more work to be done. Otherd agree.
“I think the best is yet to comewith Mr. says Lee Williams, Urban League board member and presidentf ofthe . “We are going to see some greatr things that are beneficial to this Daniel is always looking for ways tobettefr himself.
viernes, 19 de octubre de 2012
$2 million gives Hosting.com ability to move quickly on acquisitions - Business First of Louisville:
elzeyfirekuut1795.blogspot.com
The problem is, conventional financing often isn’t nimblde enough to give Hosting.com the speed to deal with largde companies that want to close quickly, said Darren King, Hosting.com’sd president and CEO. To have the capita on hand, Hosting.com is gettingy a $2 million injection in the form of a mezzanind loanfrom , a private-equity firm basecd in Charlotte, N.C. CapitalSouth and Hosting signed the dealon Oct. 24, said King and Ken director of CapitalSouth’s Louisville Both King and Berryman declinee to discuss the terms ofthe deal.
But becausew mezzanine loans aresubordinatedc debt, they typically are made at a higherd interest rate and with less favorable terms than a conventiona l commercial bank loan because of the inherentlhy higher risk. , based in is Hosting.com’s senior lender. Hosting.comm is considering two acquisitions one on eachcoasg — on the way to buildinb a more geographically dispersed footprint and a greatef presence in America’s largest markets, from the Los Angeleds area to Washington, D.C., King King said Hosting.com is considering almost simultaneousz acquisitions.
The largest is a Silicoh Valley data center that was valuecat $40 million, “but we’ll get it for considerably King said. A second data center in the D.C., area is smaller, and the deal coulde close sooner, within 45 days, King said. He declinedr to identify the companies. Since opening in Louisville 10yearsd ago, Hosting.com has made four acquisitions. “Alll of the acquisitions we’ve done to date have been distressesd or noncore sales by largetelecom providers,” King said. “Whemn I go to do one of those deals, the firs t question that comes up isabout funding. ‘Cabn you guys do it fast?
Can you move I can’t afford to go out and spencd three months or six months tryinvg toraise capital,” King With the CapitalSouth loan, he can take deals directlty to his investors. “I need to make a phon call and say, ‘Guys, here’s the Do we move forward with this?’ The initial $2 million loan mighg be only the first. CapitalSouth has more than $500 million undefr management, with a per-company investment limit of $15 million, Berryman It’s that capacity that cinched the deal, King said. If CapitalSoutuh had offered $2 million “and said, ‘That’z all the money we have,’ we would have ‘We’re not interested.
We can get that from anybody.’ But they have the capacitty to lendfar more.” “We hope our $2 million is not the last investmeny we make in this company,” Berryman said If all goes it won’t be, King “In this market, I think acquisitionb opportunities are going to be cominf more and more frequently.” There are two simultaneoues information technology trends related to economicv uncertainty, King said. Large companies are turning over some IT projects to independent hostingg companies because they can give more attention toclien projects, King said.
At the same time, many giant telecommunication companies are deciding to divest theirhostiny capabilities, finding they weren’t a good match for theirt core business, King said.
The problem is, conventional financing often isn’t nimblde enough to give Hosting.com the speed to deal with largde companies that want to close quickly, said Darren King, Hosting.com’sd president and CEO. To have the capita on hand, Hosting.com is gettingy a $2 million injection in the form of a mezzanind loanfrom , a private-equity firm basecd in Charlotte, N.C. CapitalSouth and Hosting signed the dealon Oct. 24, said King and Ken director of CapitalSouth’s Louisville Both King and Berryman declinee to discuss the terms ofthe deal.
But becausew mezzanine loans aresubordinatedc debt, they typically are made at a higherd interest rate and with less favorable terms than a conventiona l commercial bank loan because of the inherentlhy higher risk. , based in is Hosting.com’s senior lender. Hosting.comm is considering two acquisitions one on eachcoasg — on the way to buildinb a more geographically dispersed footprint and a greatef presence in America’s largest markets, from the Los Angeleds area to Washington, D.C., King King said Hosting.com is considering almost simultaneousz acquisitions.
The largest is a Silicoh Valley data center that was valuecat $40 million, “but we’ll get it for considerably King said. A second data center in the D.C., area is smaller, and the deal coulde close sooner, within 45 days, King said. He declinedr to identify the companies. Since opening in Louisville 10yearsd ago, Hosting.com has made four acquisitions. “Alll of the acquisitions we’ve done to date have been distressesd or noncore sales by largetelecom providers,” King said. “Whemn I go to do one of those deals, the firs t question that comes up isabout funding. ‘Cabn you guys do it fast?
Can you move I can’t afford to go out and spencd three months or six months tryinvg toraise capital,” King With the CapitalSouth loan, he can take deals directlty to his investors. “I need to make a phon call and say, ‘Guys, here’s the Do we move forward with this?’ The initial $2 million loan mighg be only the first. CapitalSouth has more than $500 million undefr management, with a per-company investment limit of $15 million, Berryman It’s that capacity that cinched the deal, King said. If CapitalSoutuh had offered $2 million “and said, ‘That’z all the money we have,’ we would have ‘We’re not interested.
We can get that from anybody.’ But they have the capacitty to lendfar more.” “We hope our $2 million is not the last investmeny we make in this company,” Berryman said If all goes it won’t be, King “In this market, I think acquisitionb opportunities are going to be cominf more and more frequently.” There are two simultaneoues information technology trends related to economicv uncertainty, King said. Large companies are turning over some IT projects to independent hostingg companies because they can give more attention toclien projects, King said.
At the same time, many giant telecommunication companies are deciding to divest theirhostiny capabilities, finding they weren’t a good match for theirt core business, King said.
jueves, 18 de octubre de 2012
Textron cancels Cessna Columbus program - Wichita Business Journal:
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In April, the company announced it would suspendsthe program, leading Cessna leaders to say it would only be a mattetr of time until the project came back. But in Thursday’sx filing with the SEC, Textron (NYSE:TXT) said “Upon additional analysixs of the business-jet market related to this productf offering, we decided to formally cancel further developmentf of theCitation Columbus.” Textronn says it already had incurredr about $50 million in capitalized tooling and facilitu costs related to the project. It says it will record a non-casj pre-tax charge of about $43 million for the first two quarters of 2009 to reflecg the impairment of the facility andtooling assets.
Wichitqa Mayor Carl Brewer, who was in Denver Fridat at a conference, had not heard the Columbues project was being canceled until asked about it by the WichitaaBusiness Journal. “I’m disappointed,” Brewer “... We believe this is part of the future for the cityof We’re just really disappointed that it At the same time, he says, he understands the economic climate has force businesses to make tough decisions. The project was to have built 600,000-square-foot finakl assembly building at Cessna where the majorith ofthe $27 millioh business jet would be built. There was also to have been a 45,000-square-foor physical plant to serve themain building.
Constructioh costs were expected tobe $200 million and bids were put out in • • • • • Columbus, Kan.-based Inc. Apart from the loss in constructiohn jobs, the Wichita area now appeard to have lost out for good onthe 1,00o direct jobs and the 3,000 spin-of f jobs the program was estimated to It also appears likely that Cessnwa will have to pay back the $10 millio it received in city and countg incentives and the $33 million it receivedx from the state for the project. Like Brewer, Sedgwicl County Commissioner Tim Norton says he is disappointed to hear the news ofthe “I think most Wichitans and the business community looked at that as a big he says.
“It takes a little bit of the wind out of the sail for Cessna andgeneral aviation. It could have been a huge boosrt to Wichita over the next couple yeara and I think everybodysaw that.” Norton says he hopes the projecyt will be able to return somewherd down the line. The businessw plan that was putin place, he still could be a good fit.
In April, the company announced it would suspendsthe program, leading Cessna leaders to say it would only be a mattetr of time until the project came back. But in Thursday’sx filing with the SEC, Textron (NYSE:TXT) said “Upon additional analysixs of the business-jet market related to this productf offering, we decided to formally cancel further developmentf of theCitation Columbus.” Textronn says it already had incurredr about $50 million in capitalized tooling and facilitu costs related to the project. It says it will record a non-casj pre-tax charge of about $43 million for the first two quarters of 2009 to reflecg the impairment of the facility andtooling assets.
Wichitqa Mayor Carl Brewer, who was in Denver Fridat at a conference, had not heard the Columbues project was being canceled until asked about it by the WichitaaBusiness Journal. “I’m disappointed,” Brewer “... We believe this is part of the future for the cityof We’re just really disappointed that it At the same time, he says, he understands the economic climate has force businesses to make tough decisions. The project was to have built 600,000-square-foot finakl assembly building at Cessna where the majorith ofthe $27 millioh business jet would be built. There was also to have been a 45,000-square-foor physical plant to serve themain building.
Constructioh costs were expected tobe $200 million and bids were put out in • • • • • Columbus, Kan.-based Inc. Apart from the loss in constructiohn jobs, the Wichita area now appeard to have lost out for good onthe 1,00o direct jobs and the 3,000 spin-of f jobs the program was estimated to It also appears likely that Cessnwa will have to pay back the $10 millio it received in city and countg incentives and the $33 million it receivedx from the state for the project. Like Brewer, Sedgwicl County Commissioner Tim Norton says he is disappointed to hear the news ofthe “I think most Wichitans and the business community looked at that as a big he says.
“It takes a little bit of the wind out of the sail for Cessna andgeneral aviation. It could have been a huge boosrt to Wichita over the next couple yeara and I think everybodysaw that.” Norton says he hopes the projecyt will be able to return somewherd down the line. The businessw plan that was putin place, he still could be a good fit.
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