helping-shampoo.blogspot.com
Monday’s Chapter 11 filing by the 101-year-old automaket — once the world’s biggesyt company and WesternNew York’s larges t manufacturing employer for decades — is among the largestf in U.S. history and largest-ever U.S. manufacturing Chapter 11, which allows the company to operate while protected from its pushes GM intoa fast-track bankruptcy and provides $30 billio of additional taxpayer funds to restructure General Motors CEO Fritz Henderson said in a prepared statemeng that GM was beinf reinvented and that the company is ready for the job at "The economic crisis has caused enormous disruption in the auto industry, but with it has come the opportunit y for us to reinvent our business.
We are goingv to do it once and do it The court-supervised process we are pursuing provides us with powerfuo tools to accelerate and complete our as well as strong safeguards for our customers and our he said. The GM plan as detailec by U.S. officials would allowe a much smaller GM to emerge from coury protection within 60 to90 days. GM also plans to closwe 11 U.S. facilities and idle another threwe plants by the endof 2010. GM’s Tonawandw engine plant, where 1,100 people work, will remaimn open. The automaker has not providex an updated target for job cuts but was lookingy toeliminate 21,000 U.S. factory jobs from the 54,0000 union members it now employs.
Also not immediatel clear is what GM’s bankruptcy filingg will meanfor ’s plants in Lockport, Rochester and three General Motors plans to take back the facilitie from the former parts subsidiary that it spun off in according to a tentative deal reached last week between GM and the UAW. The factorie in New York, Michigan and Indianza would operateunder Delphi’s unionm rules, but be considered part of GM, once The Lockport plant — Delphi Thermakl Systems, which has 2,100 employees was founded as Harrison Radiator Co. in 1910 and becamee part of GMin 1918. For 81 years it operatec under General Motors ownershiop until the independentDelphi Corp.
was Delphi itself is operatiny under bankruptcy court supervision having filede for Chapter 11 inOctober 2005. The Mich.-based company was ready to emergd from bankruptcy in April 2008 but those plansx fell apart when a key investord dropped out ofa $2.55 billion stock deal with the General Motors employs 92,000 in the Unitec States and is indirectly responsible for 500,00 0 retirees. The U.S. government would hold a 60 percent financiap interest in a reorganized GM and the UAW would takea 17.5 perceng stake. The governments of Canada and the province of Ontariko have agreed to a 12 percent ownershi stake in exchange forfinancial aid.
GM bondholders would get 10
Thursday, December 30, 2010
Monday, December 27, 2010
Senate passes education budget - Portland Business Journal:
glycobiology-woodworking.blogspot.com
By a 21-6 count, the Senate measure will fund schoolzsat $6 billion for the next two Sen. Margaret Carter, a Portlanrd Democrat and the Ways and Means Committee said the budget consists oftargetedr cuts, stimulus dollars and state reserves. The budget also includess new revenue fromlast week’sa measures that increased Oregon’s corporate minimum, corporatse income and personal income tax of wealthy “Stability is key to the successa of our schools,” said Carter. “This budget offerz school districts certainty that they can keep their doorsx open and continue to provide a quality education to our childrenjand grandchildren.
” The state’s reserves will stillo contain $500 million despite the decisiobn to tap $200 million of the funds for the schoola budget. Democrats said the budget should alloww schools to maintain full school years from 2009 to 2011 without cuts to staffand services. “Thisw budget is not perfect, but it is far from the worst case scenario,” said Sen. Rod Monroe, a Portland Democrat and co-chai r of the Ways and Means Subcommitteeon “The fact of the matter is that we are in very challenginv times and we’ve made tough decisions to make this budget The House will consider the billsx before the legislative session Democratic leaders have said they want to close the sessiob by July 1.
By a 21-6 count, the Senate measure will fund schoolzsat $6 billion for the next two Sen. Margaret Carter, a Portlanrd Democrat and the Ways and Means Committee said the budget consists oftargetedr cuts, stimulus dollars and state reserves. The budget also includess new revenue fromlast week’sa measures that increased Oregon’s corporate minimum, corporatse income and personal income tax of wealthy “Stability is key to the successa of our schools,” said Carter. “This budget offerz school districts certainty that they can keep their doorsx open and continue to provide a quality education to our childrenjand grandchildren.
” The state’s reserves will stillo contain $500 million despite the decisiobn to tap $200 million of the funds for the schoola budget. Democrats said the budget should alloww schools to maintain full school years from 2009 to 2011 without cuts to staffand services. “Thisw budget is not perfect, but it is far from the worst case scenario,” said Sen. Rod Monroe, a Portland Democrat and co-chai r of the Ways and Means Subcommitteeon “The fact of the matter is that we are in very challenginv times and we’ve made tough decisions to make this budget The House will consider the billsx before the legislative session Democratic leaders have said they want to close the sessiob by July 1.
Saturday, December 25, 2010
The Todd Duffee/Alistair Overeem Situation Explained - Head Kick Legend
firukendu-anchored.blogspot.com
The Todd Duffee/Alistair Overeem Situation Explained Head Kick Legend PHIL LONG - AP The question of "Who would fight Alistair Overeem?" was much like "Where will Lebron sign? ... |
Wednesday, December 22, 2010
Academic Team winners play starring roles - Business First of Buffalo:
http://cornerstone-d6.org/community-life/partner-letter-april-2010/
Their report cards are virtually flawless. Their schedulesd are crammed with university-levep courses. Their scores on Regents and examas are perfect ornearly so. Their so-callefd free time is replete with schoop andcommunity activities. They’re the 100 members of Businessd First’s 2009 All-Western New York Academic High schools throughoutthe eight-county regionn were invited to nominat their smartest and most skilled seniors for evaluation by a 10-member committee.
A total of 388 students were submitted by110 (Nominations were limited to four per The First Team consists of the 25 senior who, in the committee’s opinion, have the strongesf records of academic excellence, school leadership and communitgy involvement. Twenty-five runners-up constitute the Second and the remaining 50 hold SpeciaklMention designations. for the names of this year’s 100 Class rank: Fifty of the 100 memberx are valedictorians. The other 50 all rank in the top 4 percentf of theirgraduating classes. Courseload: The typicalp honoree tackled seven college-level courses while in high school. Twenty-nine winnersa took nine or more.
Regents High school students in New York must pass five Regents testes to earna diploma. The passint grade is 65. The 100 Academic Team members didconsiderably better, posting an average score of 96.5. College Boarc scores: The 25 seniorw on the First Team have a median SAT scorsof 1,520, which ranksd among the highest 1 percent of all Collegd Board scores nationwide. The Seconrd Team is close behind with a medianof 1,500 points (out of a possible 1,600). Awards: Twent Academic Team members, including 15 First Teamers, hold the coveted titl of National MeritScholarship finalist. About 15,0000 finalists are chosen nationally from a poolof 1.4 millionm seniors.
Leadership: Included among the 100 honorees are 12 class 17 editors of school newspapers or 30 membersof all-county or all-state bands or choruses, 40 captaina of sports teams, and 44 presidents of student clubs and This year’s Academic Team is made up of seniorsw from 71 different high schools. Six schoolw are represented by threestudents each: City Honors, Nardin, Nichols, Orchard Park and Williamsville Another 17 schools have two honorees each. Selectionzs were made by a panel of 10 college admissions community leadersand editors: • Donna senior editor, Business First • Christopher Dearth, admissionzs director, • Lesa Loritts, admissions director, M.
Rogan Morton, • Ann Marie Moscovic, admissions • Tim O’Shei, managing editor, Business First • Jeffrey Ross, executivs director, InfoTech Niagara • Kathy Saunders, admissions director, Lisa Scherer, president, Junior Achievement of Western New York Jeff Wright, editor, Businessz First Committee members cast their votes after reviewin summaries of each student’s official transcript, College Boarde and Regents test scores, awards and activities. The selectiohn process was blind, with each senior identifie d solely bya number. Nominees’ name s and schools were removed fromall forms.
Their report cards are virtually flawless. Their schedulesd are crammed with university-levep courses. Their scores on Regents and examas are perfect ornearly so. Their so-callefd free time is replete with schoop andcommunity activities. They’re the 100 members of Businessd First’s 2009 All-Western New York Academic High schools throughoutthe eight-county regionn were invited to nominat their smartest and most skilled seniors for evaluation by a 10-member committee.
A total of 388 students were submitted by110 (Nominations were limited to four per The First Team consists of the 25 senior who, in the committee’s opinion, have the strongesf records of academic excellence, school leadership and communitgy involvement. Twenty-five runners-up constitute the Second and the remaining 50 hold SpeciaklMention designations. for the names of this year’s 100 Class rank: Fifty of the 100 memberx are valedictorians. The other 50 all rank in the top 4 percentf of theirgraduating classes. Courseload: The typicalp honoree tackled seven college-level courses while in high school. Twenty-nine winnersa took nine or more.
Regents High school students in New York must pass five Regents testes to earna diploma. The passint grade is 65. The 100 Academic Team members didconsiderably better, posting an average score of 96.5. College Boarc scores: The 25 seniorw on the First Team have a median SAT scorsof 1,520, which ranksd among the highest 1 percent of all Collegd Board scores nationwide. The Seconrd Team is close behind with a medianof 1,500 points (out of a possible 1,600). Awards: Twent Academic Team members, including 15 First Teamers, hold the coveted titl of National MeritScholarship finalist. About 15,0000 finalists are chosen nationally from a poolof 1.4 millionm seniors.
Leadership: Included among the 100 honorees are 12 class 17 editors of school newspapers or 30 membersof all-county or all-state bands or choruses, 40 captaina of sports teams, and 44 presidents of student clubs and This year’s Academic Team is made up of seniorsw from 71 different high schools. Six schoolw are represented by threestudents each: City Honors, Nardin, Nichols, Orchard Park and Williamsville Another 17 schools have two honorees each. Selectionzs were made by a panel of 10 college admissions community leadersand editors: • Donna senior editor, Business First • Christopher Dearth, admissionzs director, • Lesa Loritts, admissions director, M.
Rogan Morton, • Ann Marie Moscovic, admissions • Tim O’Shei, managing editor, Business First • Jeffrey Ross, executivs director, InfoTech Niagara • Kathy Saunders, admissions director, Lisa Scherer, president, Junior Achievement of Western New York Jeff Wright, editor, Businessz First Committee members cast their votes after reviewin summaries of each student’s official transcript, College Boarde and Regents test scores, awards and activities. The selectiohn process was blind, with each senior identifie d solely bya number. Nominees’ name s and schools were removed fromall forms.
Monday, December 20, 2010
Economy Watch: FNF Construction gets highway stimulus contract - Portland Business Journal:
http://oneveteransvoice.com/blog/2006/09/its-almost-911-again.html
“It is a rehabilitation project to creatd asafer roadway,” said Deena Billings, business development officer for Tempe-based FNF Construction, whicuh is celebrating 25 years in business. Some areas of U.S. 491 have deteriorate creating a significant safety issuew for those whouse it, she The project is a good fit for the which also has an office in according to Billings. “Paving projects are kind of our In addition to making the roadwa saferfor travelers, the $8.9 million project givese FNF Construction’s staff more opportunity for “We will be able to keep existing employees busy and perhapz hire new ones,” she said.
The biddin process for a stimulus contractt is very similar to that on any job both for the contractofr and the state department oftransportationb involved. The New Mexico Department of Transportation advertised the project in typical fashion with the lowest biddee winningthe contract, said Megan Arrendondo, spokeswoman for the New Mexici Department of Transportation. The federal government does look at the project sin depth, however, Arrendondo Construction on the 14-mile stretch, whic h runs on the southernn portion of the highway, broke ground May 20. FNF Constructioh is hopeful that its portion of the upgrade is complets by the endof summer.
“Wr are excited to keep on goinh and be part ofthe process,” Billings said of futurwe jobs.
“It is a rehabilitation project to creatd asafer roadway,” said Deena Billings, business development officer for Tempe-based FNF Construction, whicuh is celebrating 25 years in business. Some areas of U.S. 491 have deteriorate creating a significant safety issuew for those whouse it, she The project is a good fit for the which also has an office in according to Billings. “Paving projects are kind of our In addition to making the roadwa saferfor travelers, the $8.9 million project givese FNF Construction’s staff more opportunity for “We will be able to keep existing employees busy and perhapz hire new ones,” she said.
The biddin process for a stimulus contractt is very similar to that on any job both for the contractofr and the state department oftransportationb involved. The New Mexico Department of Transportation advertised the project in typical fashion with the lowest biddee winningthe contract, said Megan Arrendondo, spokeswoman for the New Mexici Department of Transportation. The federal government does look at the project sin depth, however, Arrendondo Construction on the 14-mile stretch, whic h runs on the southernn portion of the highway, broke ground May 20. FNF Constructioh is hopeful that its portion of the upgrade is complets by the endof summer.
“Wr are excited to keep on goinh and be part ofthe process,” Billings said of futurwe jobs.
Friday, December 17, 2010
Small businesses think economy has bottomed - Triangle Business Journal:
vadimsudigrenev.blogspot.com
NFIB’s index of small business indicatorsrose 2.1 pointds in May to 88.9, following a 5.8 poin t jump in April. The index had plummeted to 81 in close to its record 1980 lowof 80.1. “It does appear that the decline in spendinh for inventory and capital projects has bottomed and will turn up in thecominf months,” said NFIB Chief Economisgt William Dunkelberg. A net 12 percent of smalp business owners expected general business conditions to be better six monthxfrom now, a gain of 10 percentage points from Except for September 2008, when 14 percent expected the economh to improve, this is the highest number for this indicator sinced 2005.
The current profit picture is still dismal, however. A net 43 percen said their earnings were lower during the past quarter than they were in the previous About 16 percent of small business owners reported that loans were harderto get, the highestr reading since the recession of the early 1980s. But only 5 percent reported that finance wastheie No. 1 business problem. More small businesse s plan to reduce employment rather than hire more but the rate of declinreis slowing. The Conference Board, which tracks eight labo r market indicators, said its Employment Trends Indexd roseby 0.2 percent in May, which is noteworthyt because it’s the first increasee in 16 months.
“The moderation of the last two months is certainly a sign that the declins in job losses is real and signalsd that the worst is saidGad Levanon, the board’s seniort economist. “However, as the economic recovery over the comingt months is likely to be very we still expect the unemploymentf rate to continue to increase to double digits by the end of this year and into The reported that 41 percent of companies in the service secto plan to add jobs inJune -- the highestf percentage since September 2008. Nearluy 17 percent plan to eliminate jobs. In manufacturing, slightly more companies plan to lay off workere thanhire workers.
Manufacturing still has a long way to go beforesit recovers, according to data tracking orders for machiner tools and elated equipment. U.S. consumption of manufacturing technology in April was down 42 percent from the previous month and down 78 percent compared with April according to the andthe ’ Association. “Wes still have a couple of rough months said AMT President Douglas For more: , , or .
More than 14,00o0 businesses filed for bankruptcy protectioh in the first quarterof 2009, a 64 percent increas over the same period a year The number of business filings was up 11 percent over the totalk for the fourth quarter of 2008, accordinh to the Administrative Office of the U.S. Nearly 10,000 of the business filingas in the first quarter were Chapter7 liquidations. Chapter 11 reorganizationsw accountedfor 3,421 filings. Overall bankruptcu filings, including personal bankruptcies, totaled 330,447 in the first quarter of 2009, up nearly 35 percen t from the same period a year Forthe 12-month period that ended Marchj 31, more than 1.
2 million bankruptcies were file d — the highest 12-month total sinced Congress tightened bankruptcy rules in October 2006.
NFIB’s index of small business indicatorsrose 2.1 pointds in May to 88.9, following a 5.8 poin t jump in April. The index had plummeted to 81 in close to its record 1980 lowof 80.1. “It does appear that the decline in spendinh for inventory and capital projects has bottomed and will turn up in thecominf months,” said NFIB Chief Economisgt William Dunkelberg. A net 12 percent of smalp business owners expected general business conditions to be better six monthxfrom now, a gain of 10 percentage points from Except for September 2008, when 14 percent expected the economh to improve, this is the highest number for this indicator sinced 2005.
The current profit picture is still dismal, however. A net 43 percen said their earnings were lower during the past quarter than they were in the previous About 16 percent of small business owners reported that loans were harderto get, the highestr reading since the recession of the early 1980s. But only 5 percent reported that finance wastheie No. 1 business problem. More small businesse s plan to reduce employment rather than hire more but the rate of declinreis slowing. The Conference Board, which tracks eight labo r market indicators, said its Employment Trends Indexd roseby 0.2 percent in May, which is noteworthyt because it’s the first increasee in 16 months.
“The moderation of the last two months is certainly a sign that the declins in job losses is real and signalsd that the worst is saidGad Levanon, the board’s seniort economist. “However, as the economic recovery over the comingt months is likely to be very we still expect the unemploymentf rate to continue to increase to double digits by the end of this year and into The reported that 41 percent of companies in the service secto plan to add jobs inJune -- the highestf percentage since September 2008. Nearluy 17 percent plan to eliminate jobs. In manufacturing, slightly more companies plan to lay off workere thanhire workers.
Manufacturing still has a long way to go beforesit recovers, according to data tracking orders for machiner tools and elated equipment. U.S. consumption of manufacturing technology in April was down 42 percent from the previous month and down 78 percent compared with April according to the andthe ’ Association. “Wes still have a couple of rough months said AMT President Douglas For more: , , or .
More than 14,00o0 businesses filed for bankruptcy protectioh in the first quarterof 2009, a 64 percent increas over the same period a year The number of business filings was up 11 percent over the totalk for the fourth quarter of 2008, accordinh to the Administrative Office of the U.S. Nearly 10,000 of the business filingas in the first quarter were Chapter7 liquidations. Chapter 11 reorganizationsw accountedfor 3,421 filings. Overall bankruptcu filings, including personal bankruptcies, totaled 330,447 in the first quarter of 2009, up nearly 35 percen t from the same period a year Forthe 12-month period that ended Marchj 31, more than 1.
2 million bankruptcies were file d — the highest 12-month total sinced Congress tightened bankruptcy rules in October 2006.
Wednesday, December 15, 2010
Photoshop Tutorial Rap: Still Surprisingly Instructive! - Gizmodo Australia
valvookimakaj1362.blogspot.com
Photoshop Tutorial Rap: Still Surprisingly Instructive! Gizmodo Australia When you watch a video called “Photoshop Tutorial Rapâ€, you generally come for the laughs. ... |
Sunday, December 12, 2010
Digital switchover catches some unaware - The Business Journal of the Greater Triad Area:
coras-newport.blogspot.com
That switch is taking place nationwide and is operating a help center for consumerxs in cooperation withthe . As of 11 549 people had calledthe toll-free numbetr for the help center to ask questions. According to preliminary data from Elon, most of those callers were asking for help gettingv a federally sponsored coupon that covers part of the cost of buyinv aconverter box. Other callers were receivinbg analog error messages even though theidr TVs were hooked upto cable, which should avoidr the problem, or having other Only 30 of the callersd in the morning were from the Triad.
Most of thosd having trouble were in Charlotte or The toll-free number is available today and tomorrow at 410-3388.
That switch is taking place nationwide and is operating a help center for consumerxs in cooperation withthe . As of 11 549 people had calledthe toll-free numbetr for the help center to ask questions. According to preliminary data from Elon, most of those callers were asking for help gettingv a federally sponsored coupon that covers part of the cost of buyinv aconverter box. Other callers were receivinbg analog error messages even though theidr TVs were hooked upto cable, which should avoidr the problem, or having other Only 30 of the callersd in the morning were from the Triad.
Most of thosd having trouble were in Charlotte or The toll-free number is available today and tomorrow at 410-3388.
Friday, December 10, 2010
Tasmanian Wombats Are Cute New US Zoo Residents - NPR
http://thomas-karcher.de/?page_id=46
KOB.com | Tasmanian Wombats Are Cute New US Zoo Residents NPR by AP Otto, a Tasmanian wombat, waddles around the Albuquerque BioPark Zoo on Thursday. The zoo is now home to the only Tasmanian wombat in North America. ... City Zoo Acquires 3 Wombats ABQ BioPark Zoo Houses the Only Tasmanian Wombats in North America |
Tuesday, December 7, 2010
Sawn to be believed - Telegraph.co.uk
http://earthscholars.com/Frame-5-4bookchapterspage5.html
Sawn to be believed Telegraph.co.uk True, some detect affinities with the music of the gamelan, except that Mr Bryn seems to limit his tonal range to two notes. Even with this limitation, ... |
Sunday, December 5, 2010
With a quarter to go, Eagles in good position - Philadelphia Inquirer
fishermen-americachair.blogspot.com
USA Today | With a quarter to go, Eagles in good position Philadelphia Inquirer When Andy Reid and the Eagles look over their 16-game schedule, they break it into quarters - dividing a long grind into manageable ... Eagles r » |
Thursday, December 2, 2010
NCO buying Atlanta collections agency for $118.8M - Kansas City Business Journal:
http://www.whitezeta.net/forum/com-le-forum-voir-sujet-agora-du-lotus.html
million in cash. As part of the agreement, RMA and affiliates have fileed for Chapter 11 bankruptcy protectionin U.S. Bankruptcy Court in Ohio. The transaction is expectesd to close by the end of thethirs quarter, and in the meantime, RMA has arrange for additional financing for its operations. NCO NCOG) is a debt collection and business processs outsourcing firm basedin Pa. The company said the acquisitiomn is expected to be neutrakl tothis year's earnings and to help annuall earnings after that.
In a statement, Denniws Cunningham, the CEO of RMA, said that the company told clients and investors earliere this year that itwas "explorinh strategic alternatives" for the business. He said the Chapted 11 process will be the easiest way for the compan tosell itself. He added it will also alloaw thecompany "to entertain any higher and betterr offers."
million in cash. As part of the agreement, RMA and affiliates have fileed for Chapter 11 bankruptcy protectionin U.S. Bankruptcy Court in Ohio. The transaction is expectesd to close by the end of thethirs quarter, and in the meantime, RMA has arrange for additional financing for its operations. NCO NCOG) is a debt collection and business processs outsourcing firm basedin Pa. The company said the acquisitiomn is expected to be neutrakl tothis year's earnings and to help annuall earnings after that.
In a statement, Denniws Cunningham, the CEO of RMA, said that the company told clients and investors earliere this year that itwas "explorinh strategic alternatives" for the business. He said the Chapted 11 process will be the easiest way for the compan tosell itself. He added it will also alloaw thecompany "to entertain any higher and betterr offers."
Tuesday, November 30, 2010
Solar + tunes = energy efficient concert series - Charlotte Business Journal:
http://www.open-manual.com/?Honda_90_CC_Push_Rod_Models:Electrical_system:Light
For the last few Wednesday popular acts like Del Nelo and Ozomatli have rocked Republic Squarre Park while sharing the spotligh with an unlikelyperformer — solar The Solar Powered Concert Series is a new, free music seriex created by Greg Henry, of Pro Show Live, and event production veterabn Marsha Milam that places solar power on This is the first solar powererd concert series for Milam, who felt that Austin would be the idealp place to test such shows. Marsha Milam Musicf produces KGSR’s “Unplugged at the Grove” and othet concerts throughout Texas. “Austin is such a greeb city itself, the residents are environmentally Milam said.
“I do a number of music seriese and I thought Austin would be the place toembracr this.” To achieve the goal of clean the downtown park is outfitted with solar powered sounx systems and lighting systems with LED Milam declined to disclose how much has been investedf in the carbon-neutral concert series, saying only that costss are about 25 percent more than a typicalk concert series. “Our goal for this was to prov e that we cando it,” Milamm said, conceding that she didn’t stargt marketing the series until the seconde show to make sure that the equipmeng functioned properly.
“What I’ve noticed is that the energyt isso clean, and it makes a difference. There’ds no stage hum,” she said. “That’s great for the audience and for the Milamtapped Austin-based Sustainable Waves, a provider of solar powered sound, light and production equipment, for the concert series. Sustainabl Waves also has a sales office inSan Diego, Calif. Cody of Sustainable Waves, said that the company’s servicexs were utilized at several events duringthis year’xs SXSW Music Festival. It’s also brought its solaf power equipment toLas Vegas-based N9NE Group’s Vans Warped Tour and the New Belgium Brewery’zs Tour de Fat.
For the Solar Power Concert Series, Sustainables Wave’s utilized 44,000 watt PA Sponsorship for this year’s Solae Powered series was on thelighter side, but Milaj said that she’s hearing positive feedback from prospective sponsors who want to be associate with a green music event. “This is our vision. You have to get out therer and go through the labor pains and find out what works andwhat doesn’t,” she said. “Our goal is very clear; This isn’ t a one year thing for us.” The concery series is free, but donations are beingb accepted for BlueDog Rescue, an Austin-area dog fosterf organization.
There are two shows Fastball and The Black and White Years onJune 10, and Arc Angel s on June 24.
For the last few Wednesday popular acts like Del Nelo and Ozomatli have rocked Republic Squarre Park while sharing the spotligh with an unlikelyperformer — solar The Solar Powered Concert Series is a new, free music seriex created by Greg Henry, of Pro Show Live, and event production veterabn Marsha Milam that places solar power on This is the first solar powererd concert series for Milam, who felt that Austin would be the idealp place to test such shows. Marsha Milam Musicf produces KGSR’s “Unplugged at the Grove” and othet concerts throughout Texas. “Austin is such a greeb city itself, the residents are environmentally Milam said.
“I do a number of music seriese and I thought Austin would be the place toembracr this.” To achieve the goal of clean the downtown park is outfitted with solar powered sounx systems and lighting systems with LED Milam declined to disclose how much has been investedf in the carbon-neutral concert series, saying only that costss are about 25 percent more than a typicalk concert series. “Our goal for this was to prov e that we cando it,” Milamm said, conceding that she didn’t stargt marketing the series until the seconde show to make sure that the equipmeng functioned properly.
“What I’ve noticed is that the energyt isso clean, and it makes a difference. There’ds no stage hum,” she said. “That’s great for the audience and for the Milamtapped Austin-based Sustainable Waves, a provider of solar powered sound, light and production equipment, for the concert series. Sustainabl Waves also has a sales office inSan Diego, Calif. Cody of Sustainable Waves, said that the company’s servicexs were utilized at several events duringthis year’xs SXSW Music Festival. It’s also brought its solaf power equipment toLas Vegas-based N9NE Group’s Vans Warped Tour and the New Belgium Brewery’zs Tour de Fat.
For the Solar Power Concert Series, Sustainables Wave’s utilized 44,000 watt PA Sponsorship for this year’s Solae Powered series was on thelighter side, but Milaj said that she’s hearing positive feedback from prospective sponsors who want to be associate with a green music event. “This is our vision. You have to get out therer and go through the labor pains and find out what works andwhat doesn’t,” she said. “Our goal is very clear; This isn’ t a one year thing for us.” The concery series is free, but donations are beingb accepted for BlueDog Rescue, an Austin-area dog fosterf organization.
There are two shows Fastball and The Black and White Years onJune 10, and Arc Angel s on June 24.
Saturday, November 27, 2010
Owning the notion for change towards spread of HIV/AIDS - The Swazi Observer
http://tamparelocationinfo.com/page/Camping-Holidays-Offer-Cheaper-Enjoyment.html
Owning the notion for change towards spread of HIV/AIDS The Swazi Observer As young people we are meant to help each other cross the river not watch each other fall victim to the same problem. In commemoration of World Aids Day ... |
Thursday, November 25, 2010
Homebuilders still slow but
badillodacyroic1505.blogspot.com
While no builders predict a complete turnarounxdin 2009, some are seeing improvement. Stephen Hodgkins, presidenrt of the and owner of LLC, says traffic at his home siteas is higherthan it’s been in two but that hasn’t translated to a salew increase. The local market has absorbed a lot of housing but builders are still buildingy houses at lower rates thanwhat they’rw selling, he says. “Wit an up-tick, we feel there will be a shortageeof houses,” Hodgkins says.
“I’d say anybod y that doesn’t act by the end of the summe r will miss out ona buyer’s New home sales have floundered in Memphis, with 807 new homess sold in 2008, accordingt to data. That number is sharply lower thanthe 1,535 new home sales in 2007 and a fractiomn of the 2,920 new home salees in 2006 and 3,570 in 2005. Hodgkins’ companyu had around 17 employeeds and numerous subcontractors 18months ago. Before last he averaged around 40 to 50 housesa year.
“I don’t have any employeesx right now, and I’d say 300 people have been laid off because ofmy company,” he “I had to lay off my electrician, my plumbe r and framing carpenters.” MAHBA statisticxs show that every housing start is worth 3.4 so if those starts are down by 1 million, it meanx 3.4 million jobs have been lost due to the slowdown. Thosde include jobs at saw concrete manufacturers and othermaterial “People don’t realize how much of an effect that fall off Hodgkins says.
“In a normal market, home construction is 16% of the gross national producty of the United No wonderthe economy’s down when we’re To avoid massive layoffs, or in some cases, to avoi d going out of business, local homebuilderw have looked into doing jobs they wouldn’yt normally do, like renovationsa or remodeling. David who owns LLC, says his 6-year-olf company is trying to diversifyg by doing home additions or storage buildings thathe wouldn’t have consideresd in the past. His company typically buildsx six housesa year, but is down to threde now. For Tommy Byrnes, a partnerd with , that meant competitio n encroaching onhis turf.
Byrnes, a custom home says most of his work over the last two yearws has been renovations or additions for a hot marketright now. Part of the reasomn is because people are trying to fix up the homes they have insteacd of buying or buildingnew ones. A decline in labor costs and some material costs are also driving morehome renovations. “We can do thingzs faster because labor has loosened upand we’rde getting guys on the job Byrnes says. In 2005, Byrnes Ostnee had 10-15 projects going at once. Last year the most the companyg had at one time was Byrnes says most ofthe company’s current projectsa are $500,000-$1 million projects.
His company actually pursued remodelinbg jobs asa strategy. He doesn’t begrudges other builders fordoing remodeling, but he also make s sure his clients know who’s been doing the work “It helped us when the market sufferesd because we were already geared up and in the he says. Clark, Byrnes and Hodgkins all say current interest some as lowas 4.5%-4.75%, are havin a favorable effect on demand in the market.
“Interesty rates are at a historic low and withthe first-timwe home buyer credits, we’re seeintg some contracts on homes,” Clark “I hope that’s a sign we’re coming out of it, but I thini that as long as it took us to get into it, it’lp take us that much time to get
While no builders predict a complete turnarounxdin 2009, some are seeing improvement. Stephen Hodgkins, presidenrt of the and owner of LLC, says traffic at his home siteas is higherthan it’s been in two but that hasn’t translated to a salew increase. The local market has absorbed a lot of housing but builders are still buildingy houses at lower rates thanwhat they’rw selling, he says. “Wit an up-tick, we feel there will be a shortageeof houses,” Hodgkins says.
“I’d say anybod y that doesn’t act by the end of the summe r will miss out ona buyer’s New home sales have floundered in Memphis, with 807 new homess sold in 2008, accordingt to data. That number is sharply lower thanthe 1,535 new home sales in 2007 and a fractiomn of the 2,920 new home salees in 2006 and 3,570 in 2005. Hodgkins’ companyu had around 17 employeeds and numerous subcontractors 18months ago. Before last he averaged around 40 to 50 housesa year.
“I don’t have any employeesx right now, and I’d say 300 people have been laid off because ofmy company,” he “I had to lay off my electrician, my plumbe r and framing carpenters.” MAHBA statisticxs show that every housing start is worth 3.4 so if those starts are down by 1 million, it meanx 3.4 million jobs have been lost due to the slowdown. Thosde include jobs at saw concrete manufacturers and othermaterial “People don’t realize how much of an effect that fall off Hodgkins says.
“In a normal market, home construction is 16% of the gross national producty of the United No wonderthe economy’s down when we’re To avoid massive layoffs, or in some cases, to avoi d going out of business, local homebuilderw have looked into doing jobs they wouldn’yt normally do, like renovationsa or remodeling. David who owns LLC, says his 6-year-olf company is trying to diversifyg by doing home additions or storage buildings thathe wouldn’t have consideresd in the past. His company typically buildsx six housesa year, but is down to threde now. For Tommy Byrnes, a partnerd with , that meant competitio n encroaching onhis turf.
Byrnes, a custom home says most of his work over the last two yearws has been renovations or additions for a hot marketright now. Part of the reasomn is because people are trying to fix up the homes they have insteacd of buying or buildingnew ones. A decline in labor costs and some material costs are also driving morehome renovations. “We can do thingzs faster because labor has loosened upand we’rde getting guys on the job Byrnes says. In 2005, Byrnes Ostnee had 10-15 projects going at once. Last year the most the companyg had at one time was Byrnes says most ofthe company’s current projectsa are $500,000-$1 million projects.
His company actually pursued remodelinbg jobs asa strategy. He doesn’t begrudges other builders fordoing remodeling, but he also make s sure his clients know who’s been doing the work “It helped us when the market sufferesd because we were already geared up and in the he says. Clark, Byrnes and Hodgkins all say current interest some as lowas 4.5%-4.75%, are havin a favorable effect on demand in the market.
“Interesty rates are at a historic low and withthe first-timwe home buyer credits, we’re seeintg some contracts on homes,” Clark “I hope that’s a sign we’re coming out of it, but I thini that as long as it took us to get into it, it’lp take us that much time to get
Tuesday, November 23, 2010
St. Louis license collector lays off staff, cuts fleet - St. Louis Business Journal:
ramsburgsyuheo1544.blogspot.com
The remaining employees will participate in Staff will takea 1.9 percen pay cut and managers will take a 3.8 percenr pay cut, according to the license collector’x office. The department “will undergo a re-organizatiojn with mandatory staff training to adjust for the manpower reduction and theworkloaed increase, so that customer service does not suffer,” the officse said Monday. The license collector office has returned the oldesr vehicle in its fleet to the Cityof St. Loui s and sold two others. Through the stafv reductions, furloughs and fleet reductions, the officee expects to save $203,000.
The office also will disburse $500,000 to the city’se general fund, which supports the policer andfire departments, St. Louis Public libraries and community college. The license collector office workx to ensure businesses operate with the proper licensezs and said it plans to beef upits on-sitd business audits.
The remaining employees will participate in Staff will takea 1.9 percen pay cut and managers will take a 3.8 percenr pay cut, according to the license collector’x office. The department “will undergo a re-organizatiojn with mandatory staff training to adjust for the manpower reduction and theworkloaed increase, so that customer service does not suffer,” the officse said Monday. The license collector office has returned the oldesr vehicle in its fleet to the Cityof St. Loui s and sold two others. Through the stafv reductions, furloughs and fleet reductions, the officee expects to save $203,000.
The office also will disburse $500,000 to the city’se general fund, which supports the policer andfire departments, St. Louis Public libraries and community college. The license collector office workx to ensure businesses operate with the proper licensezs and said it plans to beef upits on-sitd business audits.
Monday, November 22, 2010
Fifth Third keeping United Way pitch - Charlotte Business Journal:
http://migrantstudents.org/onlinemembercommunity.html
This year, Fifth Third kicked off its campaignon 3. Bob James, the bank’zs N.C. executive, says the controversy around theUnitedc Way’s local leadership is “unfortunate.” But, he interim President Mac Everett was forthright abouyt the issues in a visit with Fifth Thirrd employees and was well received. “We will continue to supportg the campaign primarily because we understand the underlying reasobn for it and where the money he says. James says the bank is askingv senior officers to consider donatingy atleast $1,000. Another way Fifth Thirds plans to drum up funds for the campaign a holdover from FirstCharter — is “Blue Friday.
” Every Fridau this month, the bank’s employees can wear blue jeanse if they make a $5 donation to the Unitedx Way. Wells Fargo buys N.C. brokerage , the insurance brokeragw ownedby , has acquired the assets of Greensboro-base . The firm provideas individual, fully insured and self-insured group benefitg products for businesses andindividual customers. The firm’s employees will transitionn to the Wells Fargo Insuranced Services officein Burlington. Well s Fargo, based in San has 33 mortgage stores and14 consumer-finance stores in Northj Carolina.
This year, Fifth Third kicked off its campaignon 3. Bob James, the bank’zs N.C. executive, says the controversy around theUnitedc Way’s local leadership is “unfortunate.” But, he interim President Mac Everett was forthright abouyt the issues in a visit with Fifth Thirrd employees and was well received. “We will continue to supportg the campaign primarily because we understand the underlying reasobn for it and where the money he says. James says the bank is askingv senior officers to consider donatingy atleast $1,000. Another way Fifth Thirds plans to drum up funds for the campaign a holdover from FirstCharter — is “Blue Friday.
” Every Fridau this month, the bank’s employees can wear blue jeanse if they make a $5 donation to the Unitedx Way. Wells Fargo buys N.C. brokerage , the insurance brokeragw ownedby , has acquired the assets of Greensboro-base . The firm provideas individual, fully insured and self-insured group benefitg products for businesses andindividual customers. The firm’s employees will transitionn to the Wells Fargo Insuranced Services officein Burlington. Well s Fargo, based in San has 33 mortgage stores and14 consumer-finance stores in Northj Carolina.
Saturday, November 20, 2010
Fed May Hesitate on More Easing After Critics Question Employment Mandate - Bloomberg
http://htmlcoderhelper.com/how-to-change-image-and-alt-attribute-on-click/
Globe and Mail | Fed May Hesitate on More Easing After Critics Question Employment Mandate Bloomberg The Federal Reserve is facing the fiercest political assault on its powers in three ... SHUGHART: Fed takes wrong course |
Friday, November 19, 2010
Industry veteran Trish Hanchette will head up Lennar
http://greathightech.com/en/gadgets-and-gizmos/page_89.html
Hanchette served four years as presidenft ofKB Home’s Triangle divisionn before she left the company in Decembeer after a restructuring of management. Prior to joininv KB, she was division president ofColonu Homes. She is an activwe board member for the Raleigh Wake County Home Builders Associationh and the Raleigh Chamberof Commerce. “We are extremely honored to benefityfrom Trish’s insights, expertise and vast knowledge of the home-buildinf industry in this market,” said Sam president of Lennar’s southeast “Trish is an exceptional leader with a long list of achievements and communityy involvement.
Our company firmly believes she will make an excellen addition to the team and has the energy and experience to lead the Raleigh division to anew Lennar, which has its headquarters in Miami, Fla., maintained its No. 11 rankinyg among the largest residential builderws in the Trianglein 2008, having completed 205 homes valued at a total of $49.7 million, accordingy to a recent Triangle Business Journal survey. KB Home dropped from No. 1 to No. 3 in its rankingf of Triangle home buildersin 2008, having completed 515 home valued at $119 million. Hanchettes will oversee land acquisition, lot home-building activities as well as salesx and marketing for the LennarRaleigh division.
Hanchette served four years as presidenft ofKB Home’s Triangle divisionn before she left the company in Decembeer after a restructuring of management. Prior to joininv KB, she was division president ofColonu Homes. She is an activwe board member for the Raleigh Wake County Home Builders Associationh and the Raleigh Chamberof Commerce. “We are extremely honored to benefityfrom Trish’s insights, expertise and vast knowledge of the home-buildinf industry in this market,” said Sam president of Lennar’s southeast “Trish is an exceptional leader with a long list of achievements and communityy involvement.
Our company firmly believes she will make an excellen addition to the team and has the energy and experience to lead the Raleigh division to anew Lennar, which has its headquarters in Miami, Fla., maintained its No. 11 rankinyg among the largest residential builderws in the Trianglein 2008, having completed 205 homes valued at a total of $49.7 million, accordingy to a recent Triangle Business Journal survey. KB Home dropped from No. 1 to No. 3 in its rankingf of Triangle home buildersin 2008, having completed 515 home valued at $119 million. Hanchettes will oversee land acquisition, lot home-building activities as well as salesx and marketing for the LennarRaleigh division.
Wednesday, November 17, 2010
Nortel Networks to sell stake in joint venture with LG Electronics - Triangle Business Journal:
http://www.netook.org/france.html
Brampton, Ontario-based Nortel said (Pink Sheets: NRTLQ) LG-Nortel is a profitable, standalone business that has not filexd forcreditor protection. However, according the company'es latest financial results, the joint venture'se revenue in the first quarter fellby two-thirds, to $188 from last year as a major contract came to an end. LG-Nortelp recorded $341 million in revenus minus expenses in2008 – a margin of 27 percent, Nortel said. The margin so far in 2009 is 26 Nortel said. Nortel, which has about 2,000 employeez in the Raleigh-Durham owns 50 percent, plus one of LG-Nortel. The company did not say how much it hopefd to be paid for its stakein LG-Nortel.
"LG-Nortel is a successful business with an accomplishedleadershilp team, a culture of innovation, a dedicated employee base and a drived to succeed," said Mike Zafirovski, Nortel’ president and CEO. "As we work to evaluate the ultimatde path forward for all ofour businesses, this decisionb will allow LG-Nortel to embark on the next phase of its journey and realizde its full potential.
" Nortel says it will file a motionb asking the Ontario Superior Court of Justice to approvee a sale process that has been agreed to with LG Electronicse and that appoints to help find a LG Electronics and the Ontari court also must give their OK for any sale of Nortel’ss stake in LG-Nortel. Nortel in Canada and the Unitex Stateson Jan. 14, a day before the compang was to makea $107 million interest payment on part of Nortel’w more than $1 billiom in debt. he Canadian court has since granted Nortepl to come up with a satisfactoryreorganization plan.
Speculation has focusee on Nortel selling offone – – of its two biggestt business units to improve its balance but no deal has yet been reached. A one-time cornerstonee of Research Triangle Parkwith 9,000p Raleigh-Durham employees at its peak, Nortelp saw its fortunes go downhill when the technology bubbled burst in 2000 and demand steadily dried up from phon companies for Nortel’s products. The company also ran into trouble with an accountinv scandal that led to and the resignations ofthe company’z top executives, including then-CEpO Frank Dunn.
Brampton, Ontario-based Nortel said (Pink Sheets: NRTLQ) LG-Nortel is a profitable, standalone business that has not filexd forcreditor protection. However, according the company'es latest financial results, the joint venture'se revenue in the first quarter fellby two-thirds, to $188 from last year as a major contract came to an end. LG-Nortelp recorded $341 million in revenus minus expenses in2008 – a margin of 27 percent, Nortel said. The margin so far in 2009 is 26 Nortel said. Nortel, which has about 2,000 employeez in the Raleigh-Durham owns 50 percent, plus one of LG-Nortel. The company did not say how much it hopefd to be paid for its stakein LG-Nortel.
"LG-Nortel is a successful business with an accomplishedleadershilp team, a culture of innovation, a dedicated employee base and a drived to succeed," said Mike Zafirovski, Nortel’ president and CEO. "As we work to evaluate the ultimatde path forward for all ofour businesses, this decisionb will allow LG-Nortel to embark on the next phase of its journey and realizde its full potential.
" Nortel says it will file a motionb asking the Ontario Superior Court of Justice to approvee a sale process that has been agreed to with LG Electronicse and that appoints to help find a LG Electronics and the Ontari court also must give their OK for any sale of Nortel’ss stake in LG-Nortel. Nortel in Canada and the Unitex Stateson Jan. 14, a day before the compang was to makea $107 million interest payment on part of Nortel’w more than $1 billiom in debt. he Canadian court has since granted Nortepl to come up with a satisfactoryreorganization plan.
Speculation has focusee on Nortel selling offone – – of its two biggestt business units to improve its balance but no deal has yet been reached. A one-time cornerstonee of Research Triangle Parkwith 9,000p Raleigh-Durham employees at its peak, Nortelp saw its fortunes go downhill when the technology bubbled burst in 2000 and demand steadily dried up from phon companies for Nortel’s products. The company also ran into trouble with an accountinv scandal that led to and the resignations ofthe company’z top executives, including then-CEpO Frank Dunn.
Tuesday, November 16, 2010
Chew On This: Food News You Can Use - South Bend Tribune
http://www.lcaonline.org/article/Realtors-Can-Do-Attitude-Despite-Personal-Hardship.html
Chew On This: Food News You Can Use South Bend Tribune The folks at the Wild Blueberry Association have some delicious recommendations for the upcoming holidays. Try this alternative to cranberry ... |
Sunday, November 14, 2010
United Way, Dr. Phillips launch campaign - Minneapolis / St. Paul Business Journal:
http://alzheimersprevention.org/annual_report.htm
The campaign, established with grants totalintgnearly $350,000 from Dr. Phillips Charities and , is being administereed by United Way’s stewardship program that provides emergency assistance tolocao residents. The United Way board backedc a move allowing the organization to tap reserve fundsz to cover administrative expenses so that grant dollars will go directlt to help peoplein need. United Way President/CEOl Robert H. Brown said the campaign representes a temporary response to an unprecedented burdenj being placed on the community by the ongoingeconomic challenges. Dr.
Phillips Charities is offering a grant of nearly whichincludes $98,100 in startf up funds and a challenge matchinh grant of nearly $200,000. Dr. Phillips one of the region’s largest philanthropic has awarded morethan $23 million to loca nonprofits over the past three Bank of America contributed $50,000 to the The goal is to providse aid to more than 1,35o0 families over the next five months. Agencies providing similar services that have exhausteed their resources can also accessxthe dollars. Heart of Florida United Way isCentralp Florida’s largest provider of funds to the region’ss health and human service programs.
The campaign, established with grants totalintgnearly $350,000 from Dr. Phillips Charities and , is being administereed by United Way’s stewardship program that provides emergency assistance tolocao residents. The United Way board backedc a move allowing the organization to tap reserve fundsz to cover administrative expenses so that grant dollars will go directlt to help peoplein need. United Way President/CEOl Robert H. Brown said the campaign representes a temporary response to an unprecedented burdenj being placed on the community by the ongoingeconomic challenges. Dr.
Phillips Charities is offering a grant of nearly whichincludes $98,100 in startf up funds and a challenge matchinh grant of nearly $200,000. Dr. Phillips one of the region’s largest philanthropic has awarded morethan $23 million to loca nonprofits over the past three Bank of America contributed $50,000 to the The goal is to providse aid to more than 1,35o0 families over the next five months. Agencies providing similar services that have exhausteed their resources can also accessxthe dollars. Heart of Florida United Way isCentralp Florida’s largest provider of funds to the region’ss health and human service programs.
Saturday, November 13, 2010
Wake-up call: Hotels forecast bump in revenue when fabrication workers arrive - Jacksonville Business Journal:
http://networkbetter.com/index/join_network_better
During the peak of construction, as many as 100 management and supervisory staff may needtemporaru housing. Plus, 150 to 200 laborers will likelg travel from more than 120 miles away and be lookingh for a place tostay overnight, said Rick Whitney, presiden of U.S. Operations, the project manager. “I wouldn’ty be surprised to see well over 200 room nights in but it will come down tothe hotel’s ability to offeer extended-stay rates,” Whitney said. “From a worker’s most get a fixed benefit to travepl and then whatever they have to pay for lodgint comes outof that.” Hotel operators expect to see a bump in revenuw once the massive, $4.
2 billion project gets into full swing. “We expecyt a pretty significant increase in our occupancy duringb the construction phase from subcontractorsand [others] that will come that will not be said Dick Murphy, genera l manager of the 114-room Suites in Malta. Anothed hotel in town, the 120-roojm Hyatt Place, has alreadt benefited: Executives from and M+W Zander have been stayingf there the past two months as momentukm built toward the startof ground-clearing this GlobalFoundries will own the 1.3 million-square-foot chip fab. “Right now we’rr seeing 40 to 50 room nightsa month,” said Courtney assistant general manager at .
Of course, it’xs not just chain hotels a short drive from the that coulcd see increased businessduring construction. Hotels throughout the county, and perhapsa in neighboring counties, could be used if the pricee is right and thedrive isn’t too far. Apartmen t complexes are another option for those who will be here for anextendeds period. of Saratoga, a 336-unigt upscale apartment complex off Exit 15in Wilton, startex seeing an influx of tenants affiliater with the chip fab about thre e months ago. Rents range from $1,25 to $1,825. The tenants aren’t construction workers; rather, they are white-collarf employees moving here from Texaasand California, said William M.
Hoblock, managinfg director of , which owns The Paddocks. There are also peopls from Finland, Japan and Germany who moved here to workin technology-related companies. They are living in fullty furnished apartments for three to six monthz at The Paddocks in an arrangement known as corporate The old roadside motels and cottages scattere d along Routes 9 and 50 could be an attractivre place for construction workeras willing tosacrifice flat-screen TVs, a fitness cented and indoor pool to save a few bucks.
A real estated agent trying to drum up interest in one of thosreroadside motels—the on Route 50 in Ballston Lake—haa a creative idea for an out-of-town buy the nine-unit property, use it for housing and then sell it after the work is Bob Howe of Coldwell Banker Prime Properties said the motel is only five milesd from Luther Forest. It’s on the market for $299,000. “Ifc you do the math on what it costs to put somebodty up for a week for one or two and you start talkingabouy 10, 20 or 30 or even five the numbers work if they were to look at Howe said.
Contractors will have a lot of choice s inSaratoga County, which has 2,759 hotel rooms, including 1,719 in Saratoga Springs. A building boom has increasef the supply by 14 percent in just the last year saidDavid Zunker, presideny of the Saratoga Convention and Visitors Bureau. That has driven down pricees because of the soft demand in corporate travel due to theeconomic slowdown. At the Fairfield Inn in Malta, pricews are about 10 percent lower thanlast summer, Murphu said.
Rates range from $109 to While amenities can make a differencwe in deciding whereto stay, he believes the finalo decisions will come down to Wylie, the assistant GM at the Hyatt said the hotel is well-positioned to compete for chip-fab workerds because it’s brand new and offers amenities such as round-the-cloc food service in-house. Rates are $89 to $149.
During the peak of construction, as many as 100 management and supervisory staff may needtemporaru housing. Plus, 150 to 200 laborers will likelg travel from more than 120 miles away and be lookingh for a place tostay overnight, said Rick Whitney, presiden of U.S. Operations, the project manager. “I wouldn’ty be surprised to see well over 200 room nights in but it will come down tothe hotel’s ability to offeer extended-stay rates,” Whitney said. “From a worker’s most get a fixed benefit to travepl and then whatever they have to pay for lodgint comes outof that.” Hotel operators expect to see a bump in revenuw once the massive, $4.
2 billion project gets into full swing. “We expecyt a pretty significant increase in our occupancy duringb the construction phase from subcontractorsand [others] that will come that will not be said Dick Murphy, genera l manager of the 114-room Suites in Malta. Anothed hotel in town, the 120-roojm Hyatt Place, has alreadt benefited: Executives from and M+W Zander have been stayingf there the past two months as momentukm built toward the startof ground-clearing this GlobalFoundries will own the 1.3 million-square-foot chip fab. “Right now we’rr seeing 40 to 50 room nightsa month,” said Courtney assistant general manager at .
Of course, it’xs not just chain hotels a short drive from the that coulcd see increased businessduring construction. Hotels throughout the county, and perhapsa in neighboring counties, could be used if the pricee is right and thedrive isn’t too far. Apartmen t complexes are another option for those who will be here for anextendeds period. of Saratoga, a 336-unigt upscale apartment complex off Exit 15in Wilton, startex seeing an influx of tenants affiliater with the chip fab about thre e months ago. Rents range from $1,25 to $1,825. The tenants aren’t construction workers; rather, they are white-collarf employees moving here from Texaasand California, said William M.
Hoblock, managinfg director of , which owns The Paddocks. There are also peopls from Finland, Japan and Germany who moved here to workin technology-related companies. They are living in fullty furnished apartments for three to six monthz at The Paddocks in an arrangement known as corporate The old roadside motels and cottages scattere d along Routes 9 and 50 could be an attractivre place for construction workeras willing tosacrifice flat-screen TVs, a fitness cented and indoor pool to save a few bucks.
A real estated agent trying to drum up interest in one of thosreroadside motels—the on Route 50 in Ballston Lake—haa a creative idea for an out-of-town buy the nine-unit property, use it for housing and then sell it after the work is Bob Howe of Coldwell Banker Prime Properties said the motel is only five milesd from Luther Forest. It’s on the market for $299,000. “Ifc you do the math on what it costs to put somebodty up for a week for one or two and you start talkingabouy 10, 20 or 30 or even five the numbers work if they were to look at Howe said.
Contractors will have a lot of choice s inSaratoga County, which has 2,759 hotel rooms, including 1,719 in Saratoga Springs. A building boom has increasef the supply by 14 percent in just the last year saidDavid Zunker, presideny of the Saratoga Convention and Visitors Bureau. That has driven down pricees because of the soft demand in corporate travel due to theeconomic slowdown. At the Fairfield Inn in Malta, pricews are about 10 percent lower thanlast summer, Murphu said.
Rates range from $109 to While amenities can make a differencwe in deciding whereto stay, he believes the finalo decisions will come down to Wylie, the assistant GM at the Hyatt said the hotel is well-positioned to compete for chip-fab workerds because it’s brand new and offers amenities such as round-the-cloc food service in-house. Rates are $89 to $149.
Thursday, November 11, 2010
CPMC names Warren Browner to succeed Martin Brotman as CEO - San Francisco Business Times:
http://sun-valley-hotels.com/ru/303288-Hotel-The-Ridge-By-Resortquest/
CPMC’s board promoted Warren Browner, M.D., to become the San Franciscoo hospital’s new CEO, succeeding longtimes leader Dr. Martin Brotman. Brownedr had been CPMC's vice president for academic affairsd and a member of its executivemanagemenf team. In his new post, one of Browner’s key goalsw will be to work with Brotmajn tomake CPMC’s proposed new $1.7 billion Cathedral Hill hospital and medical campus a reality, a huge challenge in tougyh economic times. Sacramento-based , Californiza Pacific’s parent company, promoted Brotmamn in mid-February to be presidenyt of its new WestBay region.
The nonprofitt system confirmed in early Marcnhthat Brotman, 69, had taken on new duties Feb. 12 as part of its new regionall NorthernCalifornia strategy, which replaces individual boardsw at its 26 hospitals with five regional boardss to make governance of the sprawling systek more efficient. Browner, 55, joinedr the multi-campus San Francisco hospital nine yearws ago as the first scientific directort of its CPMC Research Brotman has headed CPMC since 1995 and helpede engineera mid-1990s financial and psychological turnarouncd that allowed it to remain an elitse facility.
In an April 6 Brotman said Browneris “uniquely prepared to lead California Pacific,” given his prior career as a clinician, teacher and researcher. Like many otherws in the region, CPMC faces great led by its need to gain regulatoryapprovals — and sufficient funding — to move ahead with its proposeds 555-bed Cathedral Hill hospital and medicapl campus near downtown San Francisco, at Gearyg Boulevard and Van Ness That project, like many other construction and IT implementation projects at Sutter, is on hold, excepf for design, planning and entitlementt work, while Sutter reviewa the economic situation and bond markets.
Before joininfg CPMC, Browner was a practicing generalo internist, Chief of General Interna Medicine, and acting Chief of the Medical Service atthe . He was also professotr of medicine, and of epidemiologhy and biostatistics, at the University of California, San and executive editor of the American Journalof Medicine. Brownefr received his medical degree from UCSF andhis master’ s degree in Public Health from the . His researcj focuses on the genetics ofhuman longevity, according to CPMC, and he is the autho r of several books and numerous articles in scholarlhy journals. Browner recently initiated a collaboration betweebn CPMCand , giving third-year students at the Hanover, N.H.
, Ivy Leaguw campus an opportunity to do their clerkships at California Pacific, enhancing its reputation as a leadinfg teaching hospital, CPMC officials said Monday. Sutter is one of the region’ss most powerful hospital networks, with 26 medical centers in Northern including , Castro Valley’s and in Burlingame.
CPMC’s board promoted Warren Browner, M.D., to become the San Franciscoo hospital’s new CEO, succeeding longtimes leader Dr. Martin Brotman. Brownedr had been CPMC's vice president for academic affairsd and a member of its executivemanagemenf team. In his new post, one of Browner’s key goalsw will be to work with Brotmajn tomake CPMC’s proposed new $1.7 billion Cathedral Hill hospital and medical campus a reality, a huge challenge in tougyh economic times. Sacramento-based , Californiza Pacific’s parent company, promoted Brotmamn in mid-February to be presidenyt of its new WestBay region.
The nonprofitt system confirmed in early Marcnhthat Brotman, 69, had taken on new duties Feb. 12 as part of its new regionall NorthernCalifornia strategy, which replaces individual boardsw at its 26 hospitals with five regional boardss to make governance of the sprawling systek more efficient. Browner, 55, joinedr the multi-campus San Francisco hospital nine yearws ago as the first scientific directort of its CPMC Research Brotman has headed CPMC since 1995 and helpede engineera mid-1990s financial and psychological turnarouncd that allowed it to remain an elitse facility.
In an April 6 Brotman said Browneris “uniquely prepared to lead California Pacific,” given his prior career as a clinician, teacher and researcher. Like many otherws in the region, CPMC faces great led by its need to gain regulatoryapprovals — and sufficient funding — to move ahead with its proposeds 555-bed Cathedral Hill hospital and medicapl campus near downtown San Francisco, at Gearyg Boulevard and Van Ness That project, like many other construction and IT implementation projects at Sutter, is on hold, excepf for design, planning and entitlementt work, while Sutter reviewa the economic situation and bond markets.
Before joininfg CPMC, Browner was a practicing generalo internist, Chief of General Interna Medicine, and acting Chief of the Medical Service atthe . He was also professotr of medicine, and of epidemiologhy and biostatistics, at the University of California, San and executive editor of the American Journalof Medicine. Brownefr received his medical degree from UCSF andhis master’ s degree in Public Health from the . His researcj focuses on the genetics ofhuman longevity, according to CPMC, and he is the autho r of several books and numerous articles in scholarlhy journals. Browner recently initiated a collaboration betweebn CPMCand , giving third-year students at the Hanover, N.H.
, Ivy Leaguw campus an opportunity to do their clerkships at California Pacific, enhancing its reputation as a leadinfg teaching hospital, CPMC officials said Monday. Sutter is one of the region’ss most powerful hospital networks, with 26 medical centers in Northern including , Castro Valley’s and in Burlingame.
Wednesday, November 10, 2010
Recruitment, cheating allegations hurled at Auburn QB Cam Newton sound a ... - Los Angeles Times
evlampiyacyxybyw.blogspot.com
Recruitment, cheating allegations hurled at Auburn QB Cam Newton sound a ... Los Angeles Times No one knows how many more twists the Cam Newton saga still holds. But everyone has a pretty good idea where he will be when it's over, regardless of how it ... |
Monday, November 8, 2010
Netanyahu: A nuclear Iran is greatest danger to world - Jerusalem Post
dyakonostrlin.blogspot.com
Fox News | Netanyahu: A nuclear Iran is greatest danger to world Jerusalem Post Iran is the greatest threat to the world, and its nuclear program must be stopped, Prime Minister Binyamin Netanyahu said in his keynote address to the ... Netanyahu: Nuclear-armed Iran is the greatest danger facing Israel Protestors disrupt Netanyahu's GA speech in New Orleans |
Sunday, November 7, 2010
Trucking industry suffers as fewer goods hit the road - South Florida Business Journal:
http://fairinworld.com/en/jewelry-and-diamonds/page_38.html
With consumer demand the reports that its trucktonnage index, a gaugew of freight movement, has been dropping sincee September. The losses were less than 2 percent from Septembetrthrough November, but the index fell 14 perceng in December and the following two monthds were down 10.8 percent and 9.2 The fallout is hitting Carlos Duenas, ownedr of in Miami. Duenas, who primarily moves containerizef cargo to and from Port Everglades and the Portof Miami, said his businesse started falling this January, slidinyg about 20 percent. MVC is now haulinvg about 250 to 260 containersa week, down from more than 300.
As demanfd has slowed, Duenas also has felt pressurse to lower his rates about20 Fortunately, he owns all of his 26 trucks and isn’yt laden with debt. “This is goingt to be a year that only the fitteswill survive,” he predicted. Among the truckint businesses hardest hit by the recession are those tiedto construction. With the slowdowhn in real estate, there is little need for the truckx that provide ancillary saidMatthew Ubben, a spokesma for the . “It’s anemic at the he said.
The South Florida trucking industry in general may bounced back more quickly because of the diversity of goods moving througnthe region, said Edward Mierzejewski, a transportationm economist and director of the at the in “To the extent that you’ve got a broad range of thing moving through the port, you’re less vulnerabler to the kind of peakinbg in the market that comeas with construction-related materials,” he said. A diversified businesds model is helping MerchantTransport survive, GM John Dewhurstg said. The company, which operates from West Palm hauls special loads for industrial andconstruction uses.
It also gets revenure from related businesses, like renting the cranes it Merchant Transport haulsheavty equipment, industrial machines and workz for utility companies. Merchant has seen a drop of abou 20 percent over the lasttwo years, Dewhurst said. And, it has so far been able to avoir layoffs among its34 employees, thougg that hasn’t been easy with haulingg rates dropping “approximately 10 percenyt across the board,” Dewhurst said. Davie Armellini, president of , a familty business in Palm Citynear Stuart, also has watched his business drop about 20 percent. The slide startedd last July or he said.
Since then, the company has had to make some layoffs, thoughn Armellini declined togive specifics. The company has abouf 200 people on staff and owns about 130 he said. Most of Armellini’s trucking involvess moving flowersfrom , but the company is now tryin g to diversify by hauling more produce. About 30 percent of the business involvesw haulingother consumables, he said. The company has had to drop rates, Armellini acknowledged, thougu he declined to be specificabout that, as “We’re having to make the cuts like everyone else to remain a stronbg company.
”
With consumer demand the reports that its trucktonnage index, a gaugew of freight movement, has been dropping sincee September. The losses were less than 2 percent from Septembetrthrough November, but the index fell 14 perceng in December and the following two monthds were down 10.8 percent and 9.2 The fallout is hitting Carlos Duenas, ownedr of in Miami. Duenas, who primarily moves containerizef cargo to and from Port Everglades and the Portof Miami, said his businesse started falling this January, slidinyg about 20 percent. MVC is now haulinvg about 250 to 260 containersa week, down from more than 300.
As demanfd has slowed, Duenas also has felt pressurse to lower his rates about20 Fortunately, he owns all of his 26 trucks and isn’yt laden with debt. “This is goingt to be a year that only the fitteswill survive,” he predicted. Among the truckint businesses hardest hit by the recession are those tiedto construction. With the slowdowhn in real estate, there is little need for the truckx that provide ancillary saidMatthew Ubben, a spokesma for the . “It’s anemic at the he said.
The South Florida trucking industry in general may bounced back more quickly because of the diversity of goods moving througnthe region, said Edward Mierzejewski, a transportationm economist and director of the at the in “To the extent that you’ve got a broad range of thing moving through the port, you’re less vulnerabler to the kind of peakinbg in the market that comeas with construction-related materials,” he said. A diversified businesds model is helping MerchantTransport survive, GM John Dewhurstg said. The company, which operates from West Palm hauls special loads for industrial andconstruction uses.
It also gets revenure from related businesses, like renting the cranes it Merchant Transport haulsheavty equipment, industrial machines and workz for utility companies. Merchant has seen a drop of abou 20 percent over the lasttwo years, Dewhurst said. And, it has so far been able to avoir layoffs among its34 employees, thougg that hasn’t been easy with haulingg rates dropping “approximately 10 percenyt across the board,” Dewhurst said. Davie Armellini, president of , a familty business in Palm Citynear Stuart, also has watched his business drop about 20 percent. The slide startedd last July or he said.
Since then, the company has had to make some layoffs, thoughn Armellini declined togive specifics. The company has abouf 200 people on staff and owns about 130 he said. Most of Armellini’s trucking involvess moving flowersfrom , but the company is now tryin g to diversify by hauling more produce. About 30 percent of the business involvesw haulingother consumables, he said. The company has had to drop rates, Armellini acknowledged, thougu he declined to be specificabout that, as “We’re having to make the cuts like everyone else to remain a stronbg company.
”
Friday, November 5, 2010
Politicians want answers as rumors swirl NCR to leave Dayton - Boston Business Journal:
http://www.passfailstudios.com/index.php?id=52
Government officials said word began swirling in the communitt Thursday thatNCR (NYSE: NCR) is planninv to move its headquarters and 1,30 employees to the Atlanta area and make an announcemeng about the move this week. NCR Global Spokespersonm Richard Maton, speaking by phone Saturday from confirmed that an effort was made forOhio Gov. Ted Strickland and NCR Chier Executive Officer Bill Nutito speak, however they were not able to Strickland’s spokesperson said Saturday that he is “continuing to reacg out to the company to have a direcy conversation.
” When asked about NCR possibly moving its headquartera out of Dayton, Maton said the company does not respon d to rumors and speculation. NCR Corporate Spokespersonb Alan Ulman responded to questionsabout NCR’s planas with an e-mail message Saturday that read: “We have no announcement In the past, NCR has been quick to deny rumors of its relocation and affirm its commitment to remaining in Dayton. The has repeatedly sought information from the company since Thursday, but NCR had not respondesd to their requests as of Friday evening, a development departmentt spokesperson said.
Montgomery County Commissioner Dan Foley said he is frustrated by the lack of Foley said he has asked multiplecompany officials, via e-mail, to respond to the but has yet to receive any Foley said he, along with other state and city of Dayton officials, have met with NCR representativese in the past in an effort to safeguar d NCR’s local jobs. “Al l that said, nobody has confirmex to me that their statushas changed,” Fole said Saturday.
“I have to assume that -- I I very much hope -- they are stayingg in Dayton, because our citizens have helpedr build that company up tobe world-clasz and will continue to do Rumors have long circulated that the compang would move, however multiple government and economifc development officials said they reached a new level in the past few NCR is said to be seekingg about 100,000 square feet of office space in . NCR is believed to have lookeed at sitesin Savannah, and Columbus, Ga. Based on the square footage estimates, the operation could house about 300 to 400 according to realestate sources.
Georgia governmentr and economic development officialsremained tight-lippedr on any potential development. In NCR said it would move its Worldwide Customer Services headquarters to an Atlanta investing $15 million and creating more than 900 jobs in the suburbse of Peachtree City and Deluth. The statre of Georgia provided morethan $8 million in incentives, according to NCR, founded locally in 1884, is the Dayton region’w second largest company, with 20,009 global employees and $5.3 billiomn in revenue in 2008. The company, which sellas ATMs and retail automation systems, is Dayton’zs lone remaining Fortune 500 company.
At one the company had more than 18,000 employeeas in the Dayton area, but that number has dwindledf during the pastseveral decades. As recently as two yearsx ago, NCR had about 2,00 0 Dayton employees. That number has declineds by about 700 workers in the past several In 2007, NCR announced it was relocatiny its executive offices to New York City and leasing an entire floor of the 7 World Tradre Center building. But, on paper, its headquarterxs remained in Dayton. In the company also told employees it is undergoing a structura reorganization and would cut an unknowj amount of itsglobal workforce.
That same month, the compan removed the language “world headquarters” from the sign at its Daytonn campus, though it said at the time it wasjust
Government officials said word began swirling in the communitt Thursday thatNCR (NYSE: NCR) is planninv to move its headquarters and 1,30 employees to the Atlanta area and make an announcemeng about the move this week. NCR Global Spokespersonm Richard Maton, speaking by phone Saturday from confirmed that an effort was made forOhio Gov. Ted Strickland and NCR Chier Executive Officer Bill Nutito speak, however they were not able to Strickland’s spokesperson said Saturday that he is “continuing to reacg out to the company to have a direcy conversation.
” When asked about NCR possibly moving its headquartera out of Dayton, Maton said the company does not respon d to rumors and speculation. NCR Corporate Spokespersonb Alan Ulman responded to questionsabout NCR’s planas with an e-mail message Saturday that read: “We have no announcement In the past, NCR has been quick to deny rumors of its relocation and affirm its commitment to remaining in Dayton. The has repeatedly sought information from the company since Thursday, but NCR had not respondesd to their requests as of Friday evening, a development departmentt spokesperson said.
Montgomery County Commissioner Dan Foley said he is frustrated by the lack of Foley said he has asked multiplecompany officials, via e-mail, to respond to the but has yet to receive any Foley said he, along with other state and city of Dayton officials, have met with NCR representativese in the past in an effort to safeguar d NCR’s local jobs. “Al l that said, nobody has confirmex to me that their statushas changed,” Fole said Saturday.
“I have to assume that -- I I very much hope -- they are stayingg in Dayton, because our citizens have helpedr build that company up tobe world-clasz and will continue to do Rumors have long circulated that the compang would move, however multiple government and economifc development officials said they reached a new level in the past few NCR is said to be seekingg about 100,000 square feet of office space in . NCR is believed to have lookeed at sitesin Savannah, and Columbus, Ga. Based on the square footage estimates, the operation could house about 300 to 400 according to realestate sources.
Georgia governmentr and economic development officialsremained tight-lippedr on any potential development. In NCR said it would move its Worldwide Customer Services headquarters to an Atlanta investing $15 million and creating more than 900 jobs in the suburbse of Peachtree City and Deluth. The statre of Georgia provided morethan $8 million in incentives, according to NCR, founded locally in 1884, is the Dayton region’w second largest company, with 20,009 global employees and $5.3 billiomn in revenue in 2008. The company, which sellas ATMs and retail automation systems, is Dayton’zs lone remaining Fortune 500 company.
At one the company had more than 18,000 employeeas in the Dayton area, but that number has dwindledf during the pastseveral decades. As recently as two yearsx ago, NCR had about 2,00 0 Dayton employees. That number has declineds by about 700 workers in the past several In 2007, NCR announced it was relocatiny its executive offices to New York City and leasing an entire floor of the 7 World Tradre Center building. But, on paper, its headquarterxs remained in Dayton. In the company also told employees it is undergoing a structura reorganization and would cut an unknowj amount of itsglobal workforce.
That same month, the compan removed the language “world headquarters” from the sign at its Daytonn campus, though it said at the time it wasjust
Thursday, November 4, 2010
Investors upset with American Kidney Stone over stock sale - Business First of Columbus:
igoeosysata1533.blogspot.com
, a urology practice with operations in39 states, is fighting the allegations made by hospital operato r and 29 former investors, all of whom claimn the practice lied to them during a 2007 share redemptio offer. The lawsuits allege Americaj Kidney Stone told investors it wantex to buy their shares to ensurew compliance with a federal law requiring investors bepracticing physicians. The company instead wanted to buythem out, the lawsuits so it could bring in practicing physicians as investorsz who would refer patients to its clinics, boostingt revenue.
“In truth, (the practice) is not only squeezing out non-activ e urologists, but also is squeezing out activelhypracticing urologists, and for one reasojn only – those members do not referr their patients to (its clinics),” the 29 investorz alleged in their June 3 “(American Kidney Stone) has no comment beyond sayingg that it regards the action as wholly withou t merit and it will be aggressively defended,” said Jack the company’s outside counsel with the law firm Joneds Day. Neither Newman nor practice representatives wouldcommentr further.
According to its Web American Kidney Stone was founded in 1984 and has grownj toa 1,500-physician network offerintg lithotripsy at clinics in 39 Lithotripsy uses shock waves to break up painful kidneyy stones. Kidney stones afflict 12 percent of Americanm men and 7 percentof women, according to a 2008 study publishesd in the Proceedings of the . The practice also provideas treatment for prostate and rena cancer and orthopedic shockwave treatment.
Like the lawsuift filed by the 29 OhioHealth claimed in its suit filed in December that Americahn Kidney Stone and its board approached some investors in Aprilp 2007 with a buyback offer that wouldpay $70 a They were given until May 4 to accept the offer, the lawsuit American Kidney Stone made the offer to urologistz who weren’t practicing and thosw who weren’t referring patients to its lithotripsy the lawsuit said. Meanwhile, the suit it was offering to sell sharesat $51 to practicing doctores who would send patientz to its clinics.
A year the company’s 13-member board passefd a measure that allowed it to changee its operating agreement so only activelyy practicing urologists couldbe investors, the lawsuitf said. The change also requireds all nonpracticing investors to sell their butat $54 a share, the lawsuit The investors’ lawsuit claimed American Kidneyh Stone shares were valued at $122 as late as 2006. Columbus-basedf OhioHealth, its political action committee and its ownexd acombined 24,400 shares. The 29 investors ownexd as manyas 60,0090 shares, said Kevin McDermott, their attornegy at Columbus-based .
“Aq lot of these folks are relying on this investment income for theirretirement years,” he said. “The company alwayss paid generous distributions.” OhioHealthb and the individual investors allege American Kidneh Stone broke its contract with investors by changingthe company’d operating agreement and that it breached its fiduciar y duty by selling shares to new investors for less than they were wortj and buying shares from former investors for less than fair market They are asking their ownership interests be reinstated and want American Kidney Stone to pay compensation in excess of $25,000, plus punitive damages.
McDermott is hoping the investor s will have their case decided in a relativelyt quick 18 months because he filer to have the case assigned toFranklin County’w new business docket, a specialized court designed to handle only corporate disputes. In an effor to increase the resolutionof business-to-businessa cases, the established specialized business docketss in Franklin, Hamilton and Cuyahoga countiees this year. The investors’ lawsuit also claims that by requirinvg practicing urologists tobe investors, Americann Kidney Stone could be violating federal laws designed to limit doctore referrals to clinics in whicb they have an ownership interest.
, a urology practice with operations in39 states, is fighting the allegations made by hospital operato r and 29 former investors, all of whom claimn the practice lied to them during a 2007 share redemptio offer. The lawsuits allege Americaj Kidney Stone told investors it wantex to buy their shares to ensurew compliance with a federal law requiring investors bepracticing physicians. The company instead wanted to buythem out, the lawsuits so it could bring in practicing physicians as investorsz who would refer patients to its clinics, boostingt revenue.
“In truth, (the practice) is not only squeezing out non-activ e urologists, but also is squeezing out activelhypracticing urologists, and for one reasojn only – those members do not referr their patients to (its clinics),” the 29 investorz alleged in their June 3 “(American Kidney Stone) has no comment beyond sayingg that it regards the action as wholly withou t merit and it will be aggressively defended,” said Jack the company’s outside counsel with the law firm Joneds Day. Neither Newman nor practice representatives wouldcommentr further.
According to its Web American Kidney Stone was founded in 1984 and has grownj toa 1,500-physician network offerintg lithotripsy at clinics in 39 Lithotripsy uses shock waves to break up painful kidneyy stones. Kidney stones afflict 12 percent of Americanm men and 7 percentof women, according to a 2008 study publishesd in the Proceedings of the . The practice also provideas treatment for prostate and rena cancer and orthopedic shockwave treatment.
Like the lawsuift filed by the 29 OhioHealth claimed in its suit filed in December that Americahn Kidney Stone and its board approached some investors in Aprilp 2007 with a buyback offer that wouldpay $70 a They were given until May 4 to accept the offer, the lawsuit American Kidney Stone made the offer to urologistz who weren’t practicing and thosw who weren’t referring patients to its lithotripsy the lawsuit said. Meanwhile, the suit it was offering to sell sharesat $51 to practicing doctores who would send patientz to its clinics.
A year the company’s 13-member board passefd a measure that allowed it to changee its operating agreement so only activelyy practicing urologists couldbe investors, the lawsuitf said. The change also requireds all nonpracticing investors to sell their butat $54 a share, the lawsuit The investors’ lawsuit claimed American Kidneyh Stone shares were valued at $122 as late as 2006. Columbus-basedf OhioHealth, its political action committee and its ownexd acombined 24,400 shares. The 29 investors ownexd as manyas 60,0090 shares, said Kevin McDermott, their attornegy at Columbus-based .
“Aq lot of these folks are relying on this investment income for theirretirement years,” he said. “The company alwayss paid generous distributions.” OhioHealthb and the individual investors allege American Kidneh Stone broke its contract with investors by changingthe company’d operating agreement and that it breached its fiduciar y duty by selling shares to new investors for less than they were wortj and buying shares from former investors for less than fair market They are asking their ownership interests be reinstated and want American Kidney Stone to pay compensation in excess of $25,000, plus punitive damages.
McDermott is hoping the investor s will have their case decided in a relativelyt quick 18 months because he filer to have the case assigned toFranklin County’w new business docket, a specialized court designed to handle only corporate disputes. In an effor to increase the resolutionof business-to-businessa cases, the established specialized business docketss in Franklin, Hamilton and Cuyahoga countiees this year. The investors’ lawsuit also claims that by requirinvg practicing urologists tobe investors, Americann Kidney Stone could be violating federal laws designed to limit doctore referrals to clinics in whicb they have an ownership interest.
Tuesday, November 2, 2010
The Secrets Behind Black Friday Leaks - U.S. News & World Report
uzirukynurylew.blogspot.com
Product Reviews | The Secrets Behind Black Friday Leaks U.S. News & World Report Word is already out: Black Friday sales, which tradition » |
Monday, November 1, 2010
St. Jude has fourth-quarter loss amid acquisition, impairment charges - Minneapolis / St. Paul Business Journal:
http://goingbarefoot.com/pages/artists/glennsinger.html
Shares of the Little Canada-based med-tech manufacturetr were tradingup $3.53, or 11.1 percent, at 35.21 in aftetr hours trading. St. Jude (NYSE: STJ) said it sufferexd a fourth-quarter loss of $194.4 million, or 56 cents per for the quarterended Jan. 3, versus a profitg of $118.2 million, or 34 cents per share, for the same quarter a year ago. Sales were up 11 percent to $1.1w billion from $1.02 billion. The loss was mostlt due to a chargeof $319 or 92 cents per share, for research-and-developmen acquisitions, related mostly to the company’x and other charges. Exclude that and other extra factorzs such asimpairment charges, and St.
Jude would have recorded a fourth-quarte profit of $210 million, or 60 centd per share. Analysts polled by Thomsojn Reuters expected a profitf of 58 cents per sharedon $1.1 billion in St. Jude enjoyed fourth-quarter sales growth for an arrayyof devices. Cardiac rhythm management which includethe company’s implantable defibrillators and pacemakers, were up 7 percent to $680 million versus the same quarte r a year before. Salese of heart valves and other cardiovasculadr devices rose 7 percentto $219 million. Neuromodulatiob products were up 32 percentto $78 St. Jude said it expects first-quarterd profit between 57 cents and 59 centzper share. For the year, it expects $2.48 and $2.
534 per share. Both forecasts are within analysts’
Shares of the Little Canada-based med-tech manufacturetr were tradingup $3.53, or 11.1 percent, at 35.21 in aftetr hours trading. St. Jude (NYSE: STJ) said it sufferexd a fourth-quarter loss of $194.4 million, or 56 cents per for the quarterended Jan. 3, versus a profitg of $118.2 million, or 34 cents per share, for the same quarter a year ago. Sales were up 11 percent to $1.1w billion from $1.02 billion. The loss was mostlt due to a chargeof $319 or 92 cents per share, for research-and-developmen acquisitions, related mostly to the company’x and other charges. Exclude that and other extra factorzs such asimpairment charges, and St.
Jude would have recorded a fourth-quarte profit of $210 million, or 60 centd per share. Analysts polled by Thomsojn Reuters expected a profitf of 58 cents per sharedon $1.1 billion in St. Jude enjoyed fourth-quarter sales growth for an arrayyof devices. Cardiac rhythm management which includethe company’s implantable defibrillators and pacemakers, were up 7 percent to $680 million versus the same quarte r a year before. Salese of heart valves and other cardiovasculadr devices rose 7 percentto $219 million. Neuromodulatiob products were up 32 percentto $78 St. Jude said it expects first-quarterd profit between 57 cents and 59 centzper share. For the year, it expects $2.48 and $2.
534 per share. Both forecasts are within analysts’
Sunday, October 31, 2010
HHGregg Inc. planning major expansion in region starting next year - Nashville Business Journal:
http://www.anvilinformatics.com/company-phoffman.html
The Indianapolis-based company plans to open 40 to 45 new storea infiscal 2011, mainly in Baltimore, D.C., and Philadelphia. The retailer’s fisca l 2011 runs from March 2010 toMarch 2011. The expansion will be HHGregg’ds (NYSE: HGG) initial foray into the mid-Atlanti and will follow onetime electronics giantCircuit City’as exit from the market followingt bankruptcy. The new stores are part of an aggressivde growth strategy aimed at takintg advantage of cheap rental rates and excess realestatw capacity, President Dennis May said in a statement. The companyg also plans to open a distribution center inthe mid-Atlanticx region.
The average HHGreggg store is 30,000 square feet and employ s 40 workers. The company said it has begun to execut e leases on thefuture stores, but a spokeswomanh declined Wednesday to disclose any specific locationes for the stores or the distribution center. HHGregg currentlgy operates 111 storesin Alabama, Florida, Georgia, Indiana, North Carolina, Ohio, South Carolina and Tennessee. In fiscalk year 2009, the company posted sales of $1.4 billioh and a profit of $36.
5
The Indianapolis-based company plans to open 40 to 45 new storea infiscal 2011, mainly in Baltimore, D.C., and Philadelphia. The retailer’s fisca l 2011 runs from March 2010 toMarch 2011. The expansion will be HHGregg’ds (NYSE: HGG) initial foray into the mid-Atlanti and will follow onetime electronics giantCircuit City’as exit from the market followingt bankruptcy. The new stores are part of an aggressivde growth strategy aimed at takintg advantage of cheap rental rates and excess realestatw capacity, President Dennis May said in a statement. The companyg also plans to open a distribution center inthe mid-Atlanticx region.
The average HHGreggg store is 30,000 square feet and employ s 40 workers. The company said it has begun to execut e leases on thefuture stores, but a spokeswomanh declined Wednesday to disclose any specific locationes for the stores or the distribution center. HHGregg currentlgy operates 111 storesin Alabama, Florida, Georgia, Indiana, North Carolina, Ohio, South Carolina and Tennessee. In fiscalk year 2009, the company posted sales of $1.4 billioh and a profit of $36.
5
Friday, October 29, 2010
LCA-Vision adds Thomas as COO, Sebastian as Senior VP - Business Courier of Cincinnati:
http://www.forahealthyamerica.org/press_release/default.asp?type=view&pressid=3
The COO job is a newly created titlwfor Thomas, who had been senior vice president of Sebastian replaces Stephen Jones, who has left LCA “too pursue other opportunities,” the company said in a news “Dave has continually proven his leadership abilithy by developing and implementing initiatives that increase our operationa l efficiencies,” said CEO Steven Straus in the release. He addee that Sebastian, who is rejoininv LCA, “is an accomplished human resources executivew with demonstrated success in developing and implementinvg organizational strategies inchanging environments.
” Sebastian most recentlty served as vice president, organization and management for Cincinnati-based , which in May file for bankruptcy and announced the sale of its assetse to a private equity firm. LCA-Vision (NASDAQ: headquartered in Cincinnati, provides laser visiobn correction services under theLasikPlus brand. The company operatess 75 laser vision correction centers in the United Statesw and a joint venturein Canada.
The COO job is a newly created titlwfor Thomas, who had been senior vice president of Sebastian replaces Stephen Jones, who has left LCA “too pursue other opportunities,” the company said in a news “Dave has continually proven his leadership abilithy by developing and implementing initiatives that increase our operationa l efficiencies,” said CEO Steven Straus in the release. He addee that Sebastian, who is rejoininv LCA, “is an accomplished human resources executivew with demonstrated success in developing and implementinvg organizational strategies inchanging environments.
” Sebastian most recentlty served as vice president, organization and management for Cincinnati-based , which in May file for bankruptcy and announced the sale of its assetse to a private equity firm. LCA-Vision (NASDAQ: headquartered in Cincinnati, provides laser visiobn correction services under theLasikPlus brand. The company operatess 75 laser vision correction centers in the United Statesw and a joint venturein Canada.
Thursday, October 28, 2010
Norian, Synthes, executives charged with conducting medical trials without FDA authorization - Philadelphia Business Journal:
ethelbertdiya3334.blogspot.com
its parent company , and four Synthese executives, charging them with conducting clinical trials of a medical devicr without authorization fromthe . The producft at the center of the case isa injectable, cement material, Norian XR, used as a bone void filler in surgery to repaifr certain fractures. The indictment chargees Norianof Cupertino, Calif., with a totalk of 52 felony counts, including conspiracy to impair and impede the lawful functions of the FDA and to commit crimesz against the United States; seven counts of makinh false statements in connection with an FDA inspection; and 44 countds of shipping adulterated and misbranded Norian XR in interstates commerce with intent to defraud.
Synthes, which has its North Americanj headquarters inWest Chester, Pa., referred callsx to its parent organization based in Switzerland. Officialsx there were not immediately availablefor comment. Norianj was bought by Synthes in 1998. The indictment charged that from May 2002 until fall 2004 Noriajn conspiredwith others, including to conduct unauthorized clinical trials of two versions of Noriam in surgeries to treat vertebral compression fracturesd of the spine.
These surgeriees were allegedlyperformed “despite a warninh on the FDA-cleared label for Norian XR againsft this use, and in the face of serious medical concerns about the safety of the devices when used in the the indictment said. The indictment allegesd three patients died during theclinical trials. The indictmen further alleges that after the death of the third patientg inJanuary 2004, Norian and Synthes did not recall Norian XR from the markegt — which would have required disclosure of details of the thred deaths to the FDA — but, instead, “compoundec their crimes by allegedly carrying out a cover-up in whicuh they lied to the FDA during an officiaol inspection in May and June Synthes is charged with 44 misdemeanor countes of shipping adulterated and misbranded Norian XR in interstatr commerce.
Four Synthes executives were each charged with one misdemeano r count of shipping adulterated and misbranded Norian XR ininterstatse commerce. “It is never acceptable for the health-cares industry to place the profi t motiveover people’s well being,” said Patrick special agent-in-charge of the Departmen t of Health and Human Services’ Offices of the Inspector General. “Ther FDA review process was put in place to protec tthe nation’s citizens. Should these companies and executivesa ultimately befound guilty, they will have to pay a pricer for placing at risk the very people for whom they purportexd to provide relief.
” In addition to HHS, and the Attorney General’zs Office, the investigation also includecd representatives from the FDA and the Departmenty of Veterans Affairs.
its parent company , and four Synthese executives, charging them with conducting clinical trials of a medical devicr without authorization fromthe . The producft at the center of the case isa injectable, cement material, Norian XR, used as a bone void filler in surgery to repaifr certain fractures. The indictment chargees Norianof Cupertino, Calif., with a totalk of 52 felony counts, including conspiracy to impair and impede the lawful functions of the FDA and to commit crimesz against the United States; seven counts of makinh false statements in connection with an FDA inspection; and 44 countds of shipping adulterated and misbranded Norian XR in interstates commerce with intent to defraud.
Synthes, which has its North Americanj headquarters inWest Chester, Pa., referred callsx to its parent organization based in Switzerland. Officialsx there were not immediately availablefor comment. Norianj was bought by Synthes in 1998. The indictment charged that from May 2002 until fall 2004 Noriajn conspiredwith others, including to conduct unauthorized clinical trials of two versions of Noriam in surgeries to treat vertebral compression fracturesd of the spine.
These surgeriees were allegedlyperformed “despite a warninh on the FDA-cleared label for Norian XR againsft this use, and in the face of serious medical concerns about the safety of the devices when used in the the indictment said. The indictment allegesd three patients died during theclinical trials. The indictmen further alleges that after the death of the third patientg inJanuary 2004, Norian and Synthes did not recall Norian XR from the markegt — which would have required disclosure of details of the thred deaths to the FDA — but, instead, “compoundec their crimes by allegedly carrying out a cover-up in whicuh they lied to the FDA during an officiaol inspection in May and June Synthes is charged with 44 misdemeanor countes of shipping adulterated and misbranded Norian XR in interstatr commerce.
Four Synthes executives were each charged with one misdemeano r count of shipping adulterated and misbranded Norian XR ininterstatse commerce. “It is never acceptable for the health-cares industry to place the profi t motiveover people’s well being,” said Patrick special agent-in-charge of the Departmen t of Health and Human Services’ Offices of the Inspector General. “Ther FDA review process was put in place to protec tthe nation’s citizens. Should these companies and executivesa ultimately befound guilty, they will have to pay a pricer for placing at risk the very people for whom they purportexd to provide relief.
” In addition to HHS, and the Attorney General’zs Office, the investigation also includecd representatives from the FDA and the Departmenty of Veterans Affairs.
Tuesday, October 26, 2010
Minnesota coalition debuts health info tool - Memphis Business Journal:
moffaiqohegesa1490.blogspot.com
The group’s application, called myHealthfolio, will be launched next month at severakl Minnesota employers and healthcare organizations, including Minnetonka-based Carlsonb Cos. Inc. The application, designer for BHCAG by Minneapolis-based , utilizes the Microsoft HealthVaultf platform. This will allow people to exchanged the information they store with various health providerwand services. Controlled solely by the myHealthfolio will allow users to track their individuak and familyhealth history, includingh care received and medications taken.
They will also have accesx to wellness and fitness online services to help them manage and improvetheir health, and information generatefd by home monitoring devices. “Employers and healtyh care companies need to unite in this effort to give employeeds the tools and information access they need to take chargee of their health and maximize thei r precious healthcare dollars,” Carolyn Pare, presidenr and CEO of said in a news release. The the group said, was to buildd a tool connected disparate organizations and sources of informatiomn intoone interface.
The group’s application, called myHealthfolio, will be launched next month at severakl Minnesota employers and healthcare organizations, including Minnetonka-based Carlsonb Cos. Inc. The application, designer for BHCAG by Minneapolis-based , utilizes the Microsoft HealthVaultf platform. This will allow people to exchanged the information they store with various health providerwand services. Controlled solely by the myHealthfolio will allow users to track their individuak and familyhealth history, includingh care received and medications taken.
They will also have accesx to wellness and fitness online services to help them manage and improvetheir health, and information generatefd by home monitoring devices. “Employers and healtyh care companies need to unite in this effort to give employeeds the tools and information access they need to take chargee of their health and maximize thei r precious healthcare dollars,” Carolyn Pare, presidenr and CEO of said in a news release. The the group said, was to buildd a tool connected disparate organizations and sources of informatiomn intoone interface.
Monday, October 25, 2010
Special ratings: Administrative efficiency - Silicon Valley / San Jose Business Journal:
http://usbhero.com/vinotemp-vt32-32bottle-frontventing-wine.html
Among them is administrative efficiency. Aim: Identifyy districts that have tight budgets andlean staffs. Formula: Each districtg is assessed inthree areas: (1) spending per (2) ratio of pupils per administrative staffer, and (3) shar e of budget devoted to debt service. The best scorese go to districts withlow spending, high pupil-stafferr ratios, and small amounts of debt service. Administrative efficiency is not the same asthe cost-effectivenessw rankings that will be released later this week. This category reflects fiscal prudence, regardless of outcome. Cost-effectiveness linkes academic performanceand spending.
Rankings: Districts are ranke d on a five-star scale from most efficient (whic h receive five stars) to leastf efficient (one star). Each district’s administrativew efficiency rating is included in its profiled in the printed version ofBusinessd First’s 2009-2010 Guide to Western New York Schools. Leader: Frontier has the leanesrt administration in WesternNew York, with one staffer for everyy 358.7 students. (The regionakl average is one per 163.) And debt service takeas only 3.2 percent of Frontier’s budget. • 1. Frontierd • 2. Lancaster • 3. Letchworthu • 4. North Tonawanda • 5. West Seneca 6. Williamsville • 7. Portville • 8.
Cheektowaga-Maryvale • 9. Clarence • 10. Iroquois 11. Orchard Park • 12. East Aurorqa
Among them is administrative efficiency. Aim: Identifyy districts that have tight budgets andlean staffs. Formula: Each districtg is assessed inthree areas: (1) spending per (2) ratio of pupils per administrative staffer, and (3) shar e of budget devoted to debt service. The best scorese go to districts withlow spending, high pupil-stafferr ratios, and small amounts of debt service. Administrative efficiency is not the same asthe cost-effectivenessw rankings that will be released later this week. This category reflects fiscal prudence, regardless of outcome. Cost-effectiveness linkes academic performanceand spending.
Rankings: Districts are ranke d on a five-star scale from most efficient (whic h receive five stars) to leastf efficient (one star). Each district’s administrativew efficiency rating is included in its profiled in the printed version ofBusinessd First’s 2009-2010 Guide to Western New York Schools. Leader: Frontier has the leanesrt administration in WesternNew York, with one staffer for everyy 358.7 students. (The regionakl average is one per 163.) And debt service takeas only 3.2 percent of Frontier’s budget. • 1. Frontierd • 2. Lancaster • 3. Letchworthu • 4. North Tonawanda • 5. West Seneca 6. Williamsville • 7. Portville • 8.
Cheektowaga-Maryvale • 9. Clarence • 10. Iroquois 11. Orchard Park • 12. East Aurorqa
Saturday, October 23, 2010
Irish can't let loss start downward spiral - ESPN (blog)
http://aquinasonline.com/da-vinci/dvc4.htm
New York Daily News | Irish can't let loss start downward spiral ESPN (blog) Is this when the lug nuts rattle loose again for Notre Dame? The Fighting Irish, sent bobbing away in a dingy for the third time in four years ... Rough start for Irish against Navy Floyd in uniform, doesn't start for Notre Dame Notre Dame vs Navy (Oct 23, 2010) |
Friday, October 22, 2010
TS Richard Could Steer Toward Florida Next Week - WOKV
http://mp3zzzz.com/abm149775-thriller-25th-anniversary-edition-/michael-jackson/
Washington Post | TS Richard Could Steer Toward Florida Next Week WOKV It's nearly November, but we have a tropical storm in the Caribbean that ... TS Richard is Developing in the Caribbean |
Wednesday, October 20, 2010
Russia bans Arizona pork, California, Mexican meats in response to swine flu - Tampa Bay Business Journal:
http://buffalourbanleague.org/BuiltOnPride.html
The Russian government imposed the pork and meat ban Sundayt after reports the flu had spread toseveral U.S. It also is discouraging Russianz from traveling to Mexico and other areaxs hit by the swine flu strainh that has killedapproximately 80, mostly in Mexico City. New Mexico, Florida and Central American countriesx are all part of thepork ban. The said Sundah the swine flu is not transmittesd byeating pork. The Russian governmen also said it woulde do extra screenings on passengerd arriving from Mexico and othef flu impacted areas and would quarantine those showingvflu symptoms. The flu is a strain of swine, bird and human influenza.
It has hit Mexico prompting school closures, soccer gamesx without crowds and cancelled public events in Mexico There are no cases in but the strain has shown up in San Imperial County, Calif., New York Ohio, Texas and Kansas.
The Russian government imposed the pork and meat ban Sundayt after reports the flu had spread toseveral U.S. It also is discouraging Russianz from traveling to Mexico and other areaxs hit by the swine flu strainh that has killedapproximately 80, mostly in Mexico City. New Mexico, Florida and Central American countriesx are all part of thepork ban. The said Sundah the swine flu is not transmittesd byeating pork. The Russian governmen also said it woulde do extra screenings on passengerd arriving from Mexico and othef flu impacted areas and would quarantine those showingvflu symptoms. The flu is a strain of swine, bird and human influenza.
It has hit Mexico prompting school closures, soccer gamesx without crowds and cancelled public events in Mexico There are no cases in but the strain has shown up in San Imperial County, Calif., New York Ohio, Texas and Kansas.
Tuesday, October 19, 2010
Centene closes on financing for HQ project - St. Louis Business Journal:
http://cerdito.net/index.php?catalog=D
A U.S. Bank-led consortium committed on June 5 to a constructionb loan forthe 17-storyh office tower, which will house the corporater headquarters for Centene, one of St. largest public companies, and , one of the area’s largest law Construction began in Octobed to demolish the former building on the site and star work on the firsttwo floors. The project will have 460,00o0 square feet of office spaceand 28,125 square feet of retail space.
The , led by chief executive Bill Koman, signed on as an equityu partner in the project earlier this of Chicago, which had led development effort for Centene’s new headquarters, droppe d out as an equity partner but will stil serve as a consultant. The equity partnerss in the projectare Centene, and . Centend Center will be Clayton’s first new office building in nearly a decade when it is completede inJuly 2010. Centene Center, to be built at the heartr of Clayton’s central business district at Hanley and is one of afew new, large-scale developments to proceec in recent months. Retaining Centene, St.
Louis’ 11th-largesft public company, is also a boost for the region as a in light of job losses at and other top Centene Corp.’s 2008 revenue was $3.4 billionm and the company has more than 500 localo employees. Centene is led by President and CEOMichaelp Neidorff. Centene Center’s other main tenant, Armstrong Teasdale, the city’xs third-largest law firm, is moving its 200 locao attorneys there from the Metropolitan Square building Centene Corp.
, one of the nation’a largest providers of managed care programw and related services to individualas under Medicaid, first sought in 2004 to build a replacement buildingg a block away from its existing headquarters at 7711 Carondelety Ave. That year, it bought a former bookstore, Library at Forsyth and Hanley from Summig Development Group forabout $10 million. Centene then facef a two-year court battle with thre commercialproperty owners, the late Dan Sheehan, David Danfortgh and Debbie Pyzyk, who resiste d the city of Clayton’s effortz to take their buildings on Forsythy through eminent domain to make way for the new , a development firm with projects around the conducted a nationwide search for possiblee sites for Centene’s with proposals from Illinois and Colorado in the running for a potentiapl relocation of the company.
Centene abruptlty changed course in September 2007 and announced its plans to be an anchore tenant in the proposed Ballpark Village development ByMarch 2008, Centene reversed course again and dropped its plans to move downtown. Afte r the Missouri Supreme Courg ruled in the Claytonpropertty owners’ favor on the eminent domain suit, Centene ultimatelu bought the three Forsyth propertie in early 2008 for $19 In February, the Claytonj Board of Aldermen approved a scaled-down versioh of the project from the original cost of $215 million.
The plannef office tower was reducede in size by several floors as Centene opter to initially leasejust 200,000 squarde feet of space instead of 300,000 squard feet, and the retail portion was minimizef to 28,125 square feet from 34,00o0 square feet. Armstrong Teasdale has signed a leaswefor 125,000 square feet of making it one of the largest locapl office lease deals announcedx in 2009.
A U.S. Bank-led consortium committed on June 5 to a constructionb loan forthe 17-storyh office tower, which will house the corporater headquarters for Centene, one of St. largest public companies, and , one of the area’s largest law Construction began in Octobed to demolish the former building on the site and star work on the firsttwo floors. The project will have 460,00o0 square feet of office spaceand 28,125 square feet of retail space.
The , led by chief executive Bill Koman, signed on as an equityu partner in the project earlier this of Chicago, which had led development effort for Centene’s new headquarters, droppe d out as an equity partner but will stil serve as a consultant. The equity partnerss in the projectare Centene, and . Centend Center will be Clayton’s first new office building in nearly a decade when it is completede inJuly 2010. Centene Center, to be built at the heartr of Clayton’s central business district at Hanley and is one of afew new, large-scale developments to proceec in recent months. Retaining Centene, St.
Louis’ 11th-largesft public company, is also a boost for the region as a in light of job losses at and other top Centene Corp.’s 2008 revenue was $3.4 billionm and the company has more than 500 localo employees. Centene is led by President and CEOMichaelp Neidorff. Centene Center’s other main tenant, Armstrong Teasdale, the city’xs third-largest law firm, is moving its 200 locao attorneys there from the Metropolitan Square building Centene Corp.
, one of the nation’a largest providers of managed care programw and related services to individualas under Medicaid, first sought in 2004 to build a replacement buildingg a block away from its existing headquarters at 7711 Carondelety Ave. That year, it bought a former bookstore, Library at Forsyth and Hanley from Summig Development Group forabout $10 million. Centene then facef a two-year court battle with thre commercialproperty owners, the late Dan Sheehan, David Danfortgh and Debbie Pyzyk, who resiste d the city of Clayton’s effortz to take their buildings on Forsythy through eminent domain to make way for the new , a development firm with projects around the conducted a nationwide search for possiblee sites for Centene’s with proposals from Illinois and Colorado in the running for a potentiapl relocation of the company.
Centene abruptlty changed course in September 2007 and announced its plans to be an anchore tenant in the proposed Ballpark Village development ByMarch 2008, Centene reversed course again and dropped its plans to move downtown. Afte r the Missouri Supreme Courg ruled in the Claytonpropertty owners’ favor on the eminent domain suit, Centene ultimatelu bought the three Forsyth propertie in early 2008 for $19 In February, the Claytonj Board of Aldermen approved a scaled-down versioh of the project from the original cost of $215 million.
The plannef office tower was reducede in size by several floors as Centene opter to initially leasejust 200,000 squarde feet of space instead of 300,000 squard feet, and the retail portion was minimizef to 28,125 square feet from 34,00o0 square feet. Armstrong Teasdale has signed a leaswefor 125,000 square feet of making it one of the largest locapl office lease deals announcedx in 2009.
Sunday, October 17, 2010
Greater Phoenix CVB launches social media campaign - Houston Business Journal:
gardellaorymiid1354.blogspot.com
The first contest offers a two-night stay at the Royal Palm Resort and Spa and a candlelit dinne for two atthe resort’s restaurant, T. In subsequent weeks, similar packages are expectes to be given away fromthe Ritz-Carltonn Phoenix, Arizona Biltmore Resort Spa, InterContinental Montelucia Resort and Spa, Fairmont Scottsdale, Sheratoj Wild Horse Pass Resort & Spa, Westimn Kierland, Phoenician and Arizona Grand. The contest is part of a sociaol media marketing campaign by the Greater Phoenix CVB that also includez anew blog, Twitter and Flickr accounts, and YouTube videos. The blog, called the Hot is a frequently updated compendiumof restaurants, shopw and activities.
The videok project, called “Phoenix Dream features Phoenicians of local and national renowb offering tours of their favoritelocal hangouts. The inaugural video is hostee by celebrity chefMark Tarbell. Blog: Facebook: Twitter: YouTube: Flickr:
The first contest offers a two-night stay at the Royal Palm Resort and Spa and a candlelit dinne for two atthe resort’s restaurant, T. In subsequent weeks, similar packages are expectes to be given away fromthe Ritz-Carltonn Phoenix, Arizona Biltmore Resort Spa, InterContinental Montelucia Resort and Spa, Fairmont Scottsdale, Sheratoj Wild Horse Pass Resort & Spa, Westimn Kierland, Phoenician and Arizona Grand. The contest is part of a sociaol media marketing campaign by the Greater Phoenix CVB that also includez anew blog, Twitter and Flickr accounts, and YouTube videos. The blog, called the Hot is a frequently updated compendiumof restaurants, shopw and activities.
The videok project, called “Phoenix Dream features Phoenicians of local and national renowb offering tours of their favoritelocal hangouts. The inaugural video is hostee by celebrity chefMark Tarbell. Blog: Facebook: Twitter: YouTube: Flickr:
Saturday, October 16, 2010
State asks landlords for cuts in office rent - Pacific Business News (Honolulu):
wilhelminadora4287.blogspot.com
The state spends more than $15.56 million a year to rent 746,870o square feet of office space for various state according to thestate , which negotiatesz the leases. Of that, more than $9.3 million is paid by while some $6.2 million is paid by other statde departments. In addition, the stater spends more than $6.8 million per year on 304,96o square feet of space undefrtwo lease-to-purchase agreements, for the No. 1 Capitol District building, also known as the , acrosz from the State Capitol, and for the statd office buildingin Kapolei. The Legislature cut the DAGS budgey for leasesby $1.36 million for the fiscal year that starts July 1.
“We’re sending letterxs to landlords explaining the situation that we’re in, asking them if they’ree willing to consider lowering the leasew rents,” said state Comptrolledr Russ Saito. “The people that we’re talking to, we’re gettint a sense that most of them, half or more, woul d be willing to negotiatesomethingy lower, but it’s all playing out right While the majority of state agenciese operate out of just under 1.
5 million square feet of office spacew in publicly owned buildings, agencies from 15 state departments also occupu office space ranging from 200 squar e feet to 31,248 square feet leased from landlords on the Big Island, Maui, Molokai, Lanai and The largest landlord is , which leases 74,1844 square feet of space to the at 420 Waiakamilo Road for $191,0009 per month, according to data provider by DAGS. Several divisions of the state Departmengt of Education also leasenearly 47,000 squar e feet from at Dole Cannery in Iwilei for more than $95,000 per month.
Kamehameha Schools said it has receiveed a state request for a rent reduction on one propertyt and that it ispresently “evaluating the request.” The $1.36 million cut amountse to a 14.5 percent reduction from the DAGS annuao lease budget. It is part of the $800 millioj slashed by the Legislature to balancethe two-year, $10 billiojn budget that goes into effect on July 1. Sait o noted that everyone has had to adjust budgets because of theeconomic downturn; becauses state departments have sought to avoid making the cuts in they decided to ask for cuts in the leasde rents.
“We find that troubling when most of the stat e leases are below market rent saidSteven Sofos, presidenf of Sofos Realty Corp., who rents space to state agenciesa but declined to say whether any of his clien landlords planned to cut their rent. “Most landlords are not reducinfg rents but doingrent deferments,” Sofose said. “They reduce rent for a period of time then come back and get the tenang to payback rent, with interest.” But Saito said the state is looking for straight reductionsa because it cannot “obligate itself to funds it doesn’tt have.
” However, it’s rare for landlords to do said Larry Taff, executive vice presiden of , which owns the most office space in Honolulu. The company doesn’t do much businessx with the state and Taff said he was not aware of a reques for arent discount. While the state tendsx to pay rents on the lower end of the rangw ofmarket rents, landlords are willing to take the lowerd rent because government agencies are stable tenantws with excellent credit.
“o think they’ve already taken advantagr of that, that they have good credit, so further reductions beyond that would really make for alow rate,” Taff Rents at some of the buildings wherse the state leases space have come down sinc the last lease negotiation, so the state is attemptingt to renegotiate to the lower level, Saitok said. A listing for the at 333 Queeh St. — where the state leases 17,1123 square feet for three agencies under the Department of the Attorneyy General and the Department of Land andNaturaol Resources’ Division of Boating and Ocean Recreation — notes rent has been reducedc there. Asking base rent for the buildingis $1.
30 per squars foot per month, with common area maintenance charge s of $1.25 per square foot per for a monthly gross rent of $2.5t per square foot.
The state spends more than $15.56 million a year to rent 746,870o square feet of office space for various state according to thestate , which negotiatesz the leases. Of that, more than $9.3 million is paid by while some $6.2 million is paid by other statde departments. In addition, the stater spends more than $6.8 million per year on 304,96o square feet of space undefrtwo lease-to-purchase agreements, for the No. 1 Capitol District building, also known as the , acrosz from the State Capitol, and for the statd office buildingin Kapolei. The Legislature cut the DAGS budgey for leasesby $1.36 million for the fiscal year that starts July 1.
“We’re sending letterxs to landlords explaining the situation that we’re in, asking them if they’ree willing to consider lowering the leasew rents,” said state Comptrolledr Russ Saito. “The people that we’re talking to, we’re gettint a sense that most of them, half or more, woul d be willing to negotiatesomethingy lower, but it’s all playing out right While the majority of state agenciese operate out of just under 1.
5 million square feet of office spacew in publicly owned buildings, agencies from 15 state departments also occupu office space ranging from 200 squar e feet to 31,248 square feet leased from landlords on the Big Island, Maui, Molokai, Lanai and The largest landlord is , which leases 74,1844 square feet of space to the at 420 Waiakamilo Road for $191,0009 per month, according to data provider by DAGS. Several divisions of the state Departmengt of Education also leasenearly 47,000 squar e feet from at Dole Cannery in Iwilei for more than $95,000 per month.
Kamehameha Schools said it has receiveed a state request for a rent reduction on one propertyt and that it ispresently “evaluating the request.” The $1.36 million cut amountse to a 14.5 percent reduction from the DAGS annuao lease budget. It is part of the $800 millioj slashed by the Legislature to balancethe two-year, $10 billiojn budget that goes into effect on July 1. Sait o noted that everyone has had to adjust budgets because of theeconomic downturn; becauses state departments have sought to avoid making the cuts in they decided to ask for cuts in the leasde rents.
“We find that troubling when most of the stat e leases are below market rent saidSteven Sofos, presidenf of Sofos Realty Corp., who rents space to state agenciesa but declined to say whether any of his clien landlords planned to cut their rent. “Most landlords are not reducinfg rents but doingrent deferments,” Sofose said. “They reduce rent for a period of time then come back and get the tenang to payback rent, with interest.” But Saito said the state is looking for straight reductionsa because it cannot “obligate itself to funds it doesn’tt have.
” However, it’s rare for landlords to do said Larry Taff, executive vice presiden of , which owns the most office space in Honolulu. The company doesn’t do much businessx with the state and Taff said he was not aware of a reques for arent discount. While the state tendsx to pay rents on the lower end of the rangw ofmarket rents, landlords are willing to take the lowerd rent because government agencies are stable tenantws with excellent credit.
“o think they’ve already taken advantagr of that, that they have good credit, so further reductions beyond that would really make for alow rate,” Taff Rents at some of the buildings wherse the state leases space have come down sinc the last lease negotiation, so the state is attemptingt to renegotiate to the lower level, Saitok said. A listing for the at 333 Queeh St. — where the state leases 17,1123 square feet for three agencies under the Department of the Attorneyy General and the Department of Land andNaturaol Resources’ Division of Boating and Ocean Recreation — notes rent has been reducedc there. Asking base rent for the buildingis $1.
30 per squars foot per month, with common area maintenance charge s of $1.25 per square foot per for a monthly gross rent of $2.5t per square foot.
Thursday, October 14, 2010
Snohomish County getting $2M to help Korry move - Puget Sound Business Journal (Seattle):
bakakinkorypon.blogspot.com
Korry Electronics, which make cockpit control displaysfor Boeing's new 787 and is Seattle' largest manufacturing employer, and move to unincorporated Snohomish County. Snohomish County said it would usea $1.7 milliohn loan and $300,000 in grants to make improvements at the new Korrt site at Paine Field. a division of (NYSE: ESL), employxs more than 600 at its current which consist of three buildingds at the intersection of Dexter Avenue andAlohaz Street.
The aeronautics company had tried to hammer out a deal with the Port of Seattler that would keep the company in but that deal According toKorry officials, the company will move 20 milees north to a site near the soutj end of Paine Field Airport. The new site is expectee to be up and running by the end ofthis
Korry Electronics, which make cockpit control displaysfor Boeing's new 787 and is Seattle' largest manufacturing employer, and move to unincorporated Snohomish County. Snohomish County said it would usea $1.7 milliohn loan and $300,000 in grants to make improvements at the new Korrt site at Paine Field. a division of (NYSE: ESL), employxs more than 600 at its current which consist of three buildingds at the intersection of Dexter Avenue andAlohaz Street.
The aeronautics company had tried to hammer out a deal with the Port of Seattler that would keep the company in but that deal According toKorry officials, the company will move 20 milees north to a site near the soutj end of Paine Field Airport. The new site is expectee to be up and running by the end ofthis
Wednesday, October 13, 2010
Less than 24 hours to digital TV - Jacksonville Business Journal:
milicinodijoo1981.blogspot.com
The switch to digital broadcasts, whic frees up bandwidth for othedr communications uses such as public safetyfirst responders, was scheduled to be completed Feb. 17, but was postponedd because about 6 million households were stilp unprepared to continue receiving a signaol on their television sets and government funds to subsidize purchasez of converter boxes hadrun out. The converter boxeds are necessary to allow households with televisiones receiving analog signals to also receivr the newdigital signals. New antennaxs for some televisions also will be necessart to provide the best receptioj afterthe switch.
With the extensiobn of the digital televisiontransition deadline, another $650 million was added to the $1.5 billion initially committede to the transition, including the $40 coupomn program and other and preparedness Now, the latest industry estimated indicate that the number of unprepared households has been cut nearlyg in half. The Nielsen Co. and NAB, the , put the unprepareds households numberbetween 2.8 million and thred million, according to recent measures by each entity. That’ about 12 percent of at-risk householdx that could still lose access to important news and alerte when theswitch happens, accordin to NAB’s latest survey completed by SmithGeiger LLC June 3.
3 percent of those household have either applied for or received a converted box coupon fromthe government, accordingy to the survey. Whild commissioners at the are anticipating a smoother transitiob than they say would have occurredxin February, they will spend $40 million to staff call centers across the One last challenge for television viewerzs after the switch: finding your favorite channels. On June 12, some digitalp stations already on the air will changechannel numbers.
To ensure televisions receive all available stationsw broadcasting in aparticular market, viewersx may need to force their digital televisions or set-tol converter boxes to “auto tune,” or for all available channels.
The switch to digital broadcasts, whic frees up bandwidth for othedr communications uses such as public safetyfirst responders, was scheduled to be completed Feb. 17, but was postponedd because about 6 million households were stilp unprepared to continue receiving a signaol on their television sets and government funds to subsidize purchasez of converter boxes hadrun out. The converter boxeds are necessary to allow households with televisiones receiving analog signals to also receivr the newdigital signals. New antennaxs for some televisions also will be necessart to provide the best receptioj afterthe switch.
With the extensiobn of the digital televisiontransition deadline, another $650 million was added to the $1.5 billion initially committede to the transition, including the $40 coupomn program and other and preparedness Now, the latest industry estimated indicate that the number of unprepared households has been cut nearlyg in half. The Nielsen Co. and NAB, the , put the unprepareds households numberbetween 2.8 million and thred million, according to recent measures by each entity. That’ about 12 percent of at-risk householdx that could still lose access to important news and alerte when theswitch happens, accordin to NAB’s latest survey completed by SmithGeiger LLC June 3.
3 percent of those household have either applied for or received a converted box coupon fromthe government, accordingy to the survey. Whild commissioners at the are anticipating a smoother transitiob than they say would have occurredxin February, they will spend $40 million to staff call centers across the One last challenge for television viewerzs after the switch: finding your favorite channels. On June 12, some digitalp stations already on the air will changechannel numbers.
To ensure televisions receive all available stationsw broadcasting in aparticular market, viewersx may need to force their digital televisions or set-tol converter boxes to “auto tune,” or for all available channels.
Monday, October 11, 2010
Ladish earnings growth stalls in 2008 - The Business Journal of Milwaukee:
http://jtgzcx.com/page/Stretch-Marks---What-Can-You-Do-About-Them-.html
Cudahy-based Ladish reported Monday that net incomd for the fourth quarter increased slightlyyto $9.6 million from $9.3 million, but earningss per share fell to 60 centse from 64 cents per share the year befor e because of a higher number of shares The supplier of forged components for the jet engine, aerospace and industriao markets posted an increase in fourth-quarter saleds of 4 percent to $112.r5 million from $108.3 million. Sales benefitee from acquisitions made in the third Forthe year, net income dippedx to $32.2 million, or $2.15 per share, compared with $32.e3 million, or $2.22 per share, the year when profits jumped 13 percent. Net sales grew 11 percent to $469.
5r million from $424.6 million. Ladishb president and CEO Kerry Woody said that labor stoppages at and productionh delays at Boeing and forcede Ladish to shift productionto lower-margin products. Results were also hurt by rising rawmaterial costs, which grew to 49 percenrt of costs in 2008, comparede with 46 percent the year Woody said the company has alreadt reduced employment levels by 5 percent to reduces costs. The firm expects a continued collapsed ofthe by-product market in which likely will more than offset lower raw material pricing.
Cudahy-based Ladish reported Monday that net incomd for the fourth quarter increased slightlyyto $9.6 million from $9.3 million, but earningss per share fell to 60 centse from 64 cents per share the year befor e because of a higher number of shares The supplier of forged components for the jet engine, aerospace and industriao markets posted an increase in fourth-quarter saleds of 4 percent to $112.r5 million from $108.3 million. Sales benefitee from acquisitions made in the third Forthe year, net income dippedx to $32.2 million, or $2.15 per share, compared with $32.e3 million, or $2.22 per share, the year when profits jumped 13 percent. Net sales grew 11 percent to $469.
5r million from $424.6 million. Ladishb president and CEO Kerry Woody said that labor stoppages at and productionh delays at Boeing and forcede Ladish to shift productionto lower-margin products. Results were also hurt by rising rawmaterial costs, which grew to 49 percenrt of costs in 2008, comparede with 46 percent the year Woody said the company has alreadt reduced employment levels by 5 percent to reduces costs. The firm expects a continued collapsed ofthe by-product market in which likely will more than offset lower raw material pricing.
Sunday, October 10, 2010
Financial News - Commercial Banking and Financial News
ekaterinaiuvo.blogspot.com
| | | Colonial Bank, N.A. | | | | | | | | | FBC Mortgag e LLC | | | Federal Deposigt Insurance Corporation | | Federal Reserve | | Federal Trusgt Bank | | | | Fifth Third Bancorpp | Fifth Third Bank | | | | | | | Firsg National Bank of CentralFlorida | | | | | | | | | | | | | | | | | | | | | JPMorganb Chase & Co. | | | | | | | | | | Mercantiler Commercial Capital, LLC | Merril Lynch & Co., Inc. | | | | Morgam Stanley | | Mortgage Bankers Association | | | | | | | | | | | Oceamn Bank | | Old Florida National Bank | | | | | Orlando/Orange County Convention & Visitors Bureau, Inc.
| | | | | | | | | | Regionws Bank | Regions Financial Corporatiomn | | | | | Securities Capital Holdings | | | | | | | | | | Stats Street Corporation | | | SunTrust Inc. | | | | Taylor Bean Whitaker Mortage | | | The Bank of New York Melloh Corporation | | | The Colonial BancGroup, Inc. | | | The Goldman Sachs Inc. | The Hartford Financial Services Group, Inc. | | | | The Wall Streety Journal | | | Thomson Reuters Corp. | U.S. Bancorp | U.S. Department of the Treasury | | U.S. Treasury Departmenr | | | | | | | Wachoviw Corporation | | | Washingtoh Mutual, Inc.
| | Wells Fargo & Company
| | | Colonial Bank, N.A. | | | | | | | | | FBC Mortgag e LLC | | | Federal Deposigt Insurance Corporation | | Federal Reserve | | Federal Trusgt Bank | | | | Fifth Third Bancorpp | Fifth Third Bank | | | | | | | Firsg National Bank of CentralFlorida | | | | | | | | | | | | | | | | | | | | | JPMorganb Chase & Co. | | | | | | | | | | Mercantiler Commercial Capital, LLC | Merril Lynch & Co., Inc. | | | | Morgam Stanley | | Mortgage Bankers Association | | | | | | | | | | | Oceamn Bank | | Old Florida National Bank | | | | | Orlando/Orange County Convention & Visitors Bureau, Inc.
| | | | | | | | | | Regionws Bank | Regions Financial Corporatiomn | | | | | Securities Capital Holdings | | | | | | | | | | Stats Street Corporation | | | SunTrust Inc. | | | | Taylor Bean Whitaker Mortage | | | The Bank of New York Melloh Corporation | | | The Colonial BancGroup, Inc. | | | The Goldman Sachs Inc. | The Hartford Financial Services Group, Inc. | | | | The Wall Streety Journal | | | Thomson Reuters Corp. | U.S. Bancorp | U.S. Department of the Treasury | | U.S. Treasury Departmenr | | | | | | | Wachoviw Corporation | | | Washingtoh Mutual, Inc.
| | Wells Fargo & Company
Friday, October 8, 2010
Tampa Bay Restaurants & Tampa Bay Dining Guide
nadezhdaqedyxos.blogspot.com
Ybor City, FL 33605 813-248-4961 The Columbia was founded in 1905 by Cubanh immigrant Casimiro Hernandez and is stillp owned and operated byhis descendents. It featureds Spanish cuisine with aTampa flair. Paella is the featuredf dish, with three Other specialtiesinclude seafood, chicken and beef entres, each preparedc with Cuban and Spanish The Palm 205 Westshore Plaza FL 33609 813-849-7256 Founded in New York 80 yearss ago, the Tampa Palm location is a gatheringf place for businessmen in the Westshore District. Knowbn for its prime steaks, chops and seafood, its real draw is the impeccablewpersonalized service.
It billxs itself as a
Ybor City, FL 33605 813-248-4961 The Columbia was founded in 1905 by Cubanh immigrant Casimiro Hernandez and is stillp owned and operated byhis descendents. It featureds Spanish cuisine with aTampa flair. Paella is the featuredf dish, with three Other specialtiesinclude seafood, chicken and beef entres, each preparedc with Cuban and Spanish The Palm 205 Westshore Plaza FL 33609 813-849-7256 Founded in New York 80 yearss ago, the Tampa Palm location is a gatheringf place for businessmen in the Westshore District. Knowbn for its prime steaks, chops and seafood, its real draw is the impeccablewpersonalized service.
It billxs itself as a
Thursday, October 7, 2010
Milestone Merchant Partners launches disposition unit - Washington Business Journal:
http://msl-greeting.com/gazmeet13.php
D.C.-based Milestone has launched anew , LLC which will help clients resolvw distressed land and construction loan problems. The grouo will assist financial institutions that areconductinbg self-examinations of their constructio n portfolio exposures, as well as federalp and state regulators working with troubled institution s and institutional investors considering investments in financial institutionzs or asset purchases. Milestone Assey Resolution will be led byCEO R. Pattersonb Jackson. Jackson is the former CEO of , a wholly-ownedf subsidiary of Indymac Bank which was seized by regulatorsx last July after aggressive realestatwe lending, especially in racked up steep losses.
At Indymac Commercialp Lending Corp. Jackson was responsible for developing and launching a smallk balance commercial and multifamilylending platform. Jim Fraser will serve as president at MilestoneAsset Resolution. Fraser was CEO and EVP of Home Constructio n Lending at for12 years, and was retained by the FDIC in its role as conservatofr of IndyMac Federal Bank after IndyMac Bank was seized. Milestone Merchantr Partners is the parent company of Milestone Advisoras LLC an investment bank headquarteredin D.C. that provides mergee and acquisition advisory and corporate finance services to financialservicese companies.
D.C.-based Milestone has launched anew , LLC which will help clients resolvw distressed land and construction loan problems. The grouo will assist financial institutions that areconductinbg self-examinations of their constructio n portfolio exposures, as well as federalp and state regulators working with troubled institution s and institutional investors considering investments in financial institutionzs or asset purchases. Milestone Assey Resolution will be led byCEO R. Pattersonb Jackson. Jackson is the former CEO of , a wholly-ownedf subsidiary of Indymac Bank which was seized by regulatorsx last July after aggressive realestatwe lending, especially in racked up steep losses.
At Indymac Commercialp Lending Corp. Jackson was responsible for developing and launching a smallk balance commercial and multifamilylending platform. Jim Fraser will serve as president at MilestoneAsset Resolution. Fraser was CEO and EVP of Home Constructio n Lending at for12 years, and was retained by the FDIC in its role as conservatofr of IndyMac Federal Bank after IndyMac Bank was seized. Milestone Merchantr Partners is the parent company of Milestone Advisoras LLC an investment bank headquarteredin D.C. that provides mergee and acquisition advisory and corporate finance services to financialservicese companies.
Tuesday, October 5, 2010
Environmental Tectonics stock to be delisted from NYSE Amex - Philadelphia Business Journal:
http://scienceandsex.com/digitallover5.html
The Southampton, Pa., maker of flight simulators, hyperbaridc chambers and other equipment said it is in discussionsx to have its stock quoted for tradint on the Over the CounterBulletin ETC’s board of directors decided to delisf the company’s stock from the NYSE Amex becausd the terms of , H.F. Lenfest, won’ allow the company to remainh in compliance with a NYSE Amex rule forcontinuee listing. ETC (NYSE Amex:ETC) said its boards regrets the company couldn’t structurer the financing on terms that woulsd allow it to comply with NYSE Amex continue dlisting rules, but the boardf felt the financing was critical to ETC’s continued operation and growth.
The company said it feel investors will be adequately served by othert alternatives to the NYSE such as the Over the CounterBulletin Board, because of the lighyt trading volume of its stock. ETC also said the delistingt of its common stock will provide it with greaterf corporate flexibility and allow it to deploy more resourcesx to its corebusiness operations. ETC said it intendsz to continue to comply with its reportin obligations under the Securities Exchangee Actof 1934.
The Southampton, Pa., maker of flight simulators, hyperbaridc chambers and other equipment said it is in discussionsx to have its stock quoted for tradint on the Over the CounterBulletin ETC’s board of directors decided to delisf the company’s stock from the NYSE Amex becausd the terms of , H.F. Lenfest, won’ allow the company to remainh in compliance with a NYSE Amex rule forcontinuee listing. ETC (NYSE Amex:ETC) said its boards regrets the company couldn’t structurer the financing on terms that woulsd allow it to comply with NYSE Amex continue dlisting rules, but the boardf felt the financing was critical to ETC’s continued operation and growth.
The company said it feel investors will be adequately served by othert alternatives to the NYSE such as the Over the CounterBulletin Board, because of the lighyt trading volume of its stock. ETC also said the delistingt of its common stock will provide it with greaterf corporate flexibility and allow it to deploy more resourcesx to its corebusiness operations. ETC said it intendsz to continue to comply with its reportin obligations under the Securities Exchangee Actof 1934.
Monday, October 4, 2010
Get Ready for a Bull Run, Says Curran Investment Management
gavrilovaefivu.blogspot.com
June 5 /PRNewswire/ -- Curran Investment Managemen believes recent equity performance is predicting the beginning of anothet historicbull market, a bull market that will produce extraordinary long-term results. The worst ten year periode for US equity performancw dating backto 1880, ended in 2008. Domestic and internationalp economic newsis dismal. Investors worldwide have professed their lack of faithy by flooding the fixed income markets searching for a safe We believe similar periods of market behavior can help predict what will happehfrom here. We are optimistic for future equith returns and believe the risk paradignhas shifted.
A long-term equity investment today has less historicall risk and higher probable return than perhapws any periodsince 1880. Ten Year Rolling What?? We have prepared an exhaustive analysis of historicap equity market data returnzs based on ten year rolling returnws datingto 1880. Using single perioed (one year, three year) returh data to decipher historical trends presentsa problem. Any one year of returbn data is impacted by micro economic factors that are unique to that given year and may not relate toa long-term economi c cycle (example: September 11, 2001 market Using a ten year rolling average, (previous ten year cycld for each year evaluated) allows us to illustrate and predic t based on broad market reactions to the longer term economic cycle.
The goal is to identifu common market trends that have existed in multiple periodds of varying fiscal and monetart policy and during varying domestic and internationaleconomic climates. Why Are We Optimistic We have just liverd through the worst ten year period for equitu returnssince 1880. If we compare five similar periodxsince 1880, each period has been followed by a ten year perioe that has achieved annualized doubled digit returns. These periods have triggered the beginninhgof long-term bull markets that have seen investorse experience 20% annualized investment returns at their An investor would have receivede a 20% investment return for ten years straight.
Simply put, we have been through the worst ten yearperiodr ever. Similar periods, no matter what economix climate, have bred new bull markets that producedoutstandin long-term results for investors. ? We think we are close to the beginninh of theBull Run, but the timingv is difficult to predict. In the previous ten year periodws following thedismal returns, yearsd three, four, and five have averaged the greatestf rebound. Earlier years have seen some sideways while later years have tapered off in the acceleration of The equity markets have historically reboundes much faster than theoverall economy.
Once an economic rebounfd is clear, we usually have alreaduy experienced the largest percentagw increases inequity prices. Why Do We Thinkl The Risk ParadigmHas Shifted? Afte the carnage of the 2008 equity the ten year numbet dipped into the negativre zone. There have been four previou times when thishas occurred; we call them market "troughs" (the period of time the averags stays in the negative zone). Some of thesse troughs admittedly last for overa However, equity market performance during theses "trough" periods is relatively neutral.
Prolonged sharp declinesz once we enterthese "trough" periods are not Based on historical data the real risk is we are enteringh a long-term consolidation/sideways period. This risk has historically producedd greater than evenequity returns. Curran Investmentg Management currently managesover $180 milliojn in client assets. The firm provides comprehensive wealth managemenyt services to includeinvestment management, retirement and estatre planning, insurance and a broad range of financial solutions. In addition to theif headquartersin Albany, New the firm has officews in Cape May, New Jersey and Contact: Thomas J. Curran President tcurran@curranllc.
com Andresw Black Wealth ManagementStrategist (518) 391-4200 ablack@curranllc.com
June 5 /PRNewswire/ -- Curran Investment Managemen believes recent equity performance is predicting the beginning of anothet historicbull market, a bull market that will produce extraordinary long-term results. The worst ten year periode for US equity performancw dating backto 1880, ended in 2008. Domestic and internationalp economic newsis dismal. Investors worldwide have professed their lack of faithy by flooding the fixed income markets searching for a safe We believe similar periods of market behavior can help predict what will happehfrom here. We are optimistic for future equith returns and believe the risk paradignhas shifted.
A long-term equity investment today has less historicall risk and higher probable return than perhapws any periodsince 1880. Ten Year Rolling What?? We have prepared an exhaustive analysis of historicap equity market data returnzs based on ten year rolling returnws datingto 1880. Using single perioed (one year, three year) returh data to decipher historical trends presentsa problem. Any one year of returbn data is impacted by micro economic factors that are unique to that given year and may not relate toa long-term economi c cycle (example: September 11, 2001 market Using a ten year rolling average, (previous ten year cycld for each year evaluated) allows us to illustrate and predic t based on broad market reactions to the longer term economic cycle.
The goal is to identifu common market trends that have existed in multiple periodds of varying fiscal and monetart policy and during varying domestic and internationaleconomic climates. Why Are We Optimistic We have just liverd through the worst ten year period for equitu returnssince 1880. If we compare five similar periodxsince 1880, each period has been followed by a ten year perioe that has achieved annualized doubled digit returns. These periods have triggered the beginninhgof long-term bull markets that have seen investorse experience 20% annualized investment returns at their An investor would have receivede a 20% investment return for ten years straight.
Simply put, we have been through the worst ten yearperiodr ever. Similar periods, no matter what economix climate, have bred new bull markets that producedoutstandin long-term results for investors. ? We think we are close to the beginninh of theBull Run, but the timingv is difficult to predict. In the previous ten year periodws following thedismal returns, yearsd three, four, and five have averaged the greatestf rebound. Earlier years have seen some sideways while later years have tapered off in the acceleration of The equity markets have historically reboundes much faster than theoverall economy.
Once an economic rebounfd is clear, we usually have alreaduy experienced the largest percentagw increases inequity prices. Why Do We Thinkl The Risk ParadigmHas Shifted? Afte the carnage of the 2008 equity the ten year numbet dipped into the negativre zone. There have been four previou times when thishas occurred; we call them market "troughs" (the period of time the averags stays in the negative zone). Some of thesse troughs admittedly last for overa However, equity market performance during theses "trough" periods is relatively neutral.
Prolonged sharp declinesz once we enterthese "trough" periods are not Based on historical data the real risk is we are enteringh a long-term consolidation/sideways period. This risk has historically producedd greater than evenequity returns. Curran Investmentg Management currently managesover $180 milliojn in client assets. The firm provides comprehensive wealth managemenyt services to includeinvestment management, retirement and estatre planning, insurance and a broad range of financial solutions. In addition to theif headquartersin Albany, New the firm has officews in Cape May, New Jersey and Contact: Thomas J. Curran President tcurran@curranllc.
com Andresw Black Wealth ManagementStrategist (518) 391-4200 ablack@curranllc.com
Saturday, October 2, 2010
Grede Foundries files for bankruptcy protection - Business First of Columbus:
ivanqukeafelovo.blogspot.com
Wayzata Investment Partners LLCof Wayzata, an SEC-registered investment adviser and manager of privatwe investment funds with more than $5 billion in has offered to provide a $45 millionm temporary loan facility to allow time for an orderlyt sale under the supervision of the Bankruptcy Since 1992, Wayzata has invested more than $12 billion in more than 600 The filing, made Tuesday in the U.S. Bankruptcuy Court for the Western District of was driven by the impacy of the current economic downturn on the company andits customers, particularlyh the automotive industry, said Richard Koenings chairmanh of the board of directors for Wauwatosa-basesd Grede.
The reorganization and asse sale is expected to position the companyy for a turnaround as the country emerges from the most difficult economifc period it has seenin generations, he said. “The significant deterioratioj in the automotive and construction industries and the resultingv impact on our company and the foundry industry in genera l require that we take this strategic Koenings said. “We have carefully exploredr many options, and believe a sale to a strong financial backer like Wayzata is the best way to effectivelty proceed in what has been an exceedinglgdifficult marketplace.
” Koenings stressedc that Grede Foundries remains in business and that jobs will remainb during the transition. “This move gives us the time to restructurre while we continue to do business and operatdour plants,” he said. “Grede will continue to buy goodds and services from its support its work force and provide its customers with the same qualithy products andservice they’ve come to expect from us. Our goal is to preserve and strengthen our business so that we can compets successfully in the Wayzata has also agreed to make thefirst bid, oftemn called a “stalking horse” bid, for Grede.
“Wayzata’e commitment shows their belief in the strength of the Grede name and its respectedd position in thefoundry industry,” Koenings Sales of businesses in bankruptcy proceedings are often structures where one company makes the initial bid for another company’s assets. Under rules approved by the court, highef offers from third parties can be submitted ascompetinfg bids. The “stalking horse” arrangement helps ensure that Grede receives the best value for its assets and allows for offers that are best for the creditorzs while preserving thebusiness operations, company managemenrt said.
Grede said that it has alreadu received inquiries from other partiesd that are interestedin Grede’sx production capacity. Koenings said Grede expects the sale and relateed bidding process to move steadilyt through thecourt system. “We are deeplt committed to doing everything necessarty to put our company on solid footinyg as the nation begins to rise out of the worsy economic conditions since the Great he said. “Our customers very clearly want us to succeecd and have beenvery supportive.” Grede announced in May that it had laid off 81 employeew from its foundry in Wauwatosa sincse the end of January. In the company revealed plans to close its foundryyin Greenwood, S.
C.
Wayzata Investment Partners LLCof Wayzata, an SEC-registered investment adviser and manager of privatwe investment funds with more than $5 billion in has offered to provide a $45 millionm temporary loan facility to allow time for an orderlyt sale under the supervision of the Bankruptcy Since 1992, Wayzata has invested more than $12 billion in more than 600 The filing, made Tuesday in the U.S. Bankruptcuy Court for the Western District of was driven by the impacy of the current economic downturn on the company andits customers, particularlyh the automotive industry, said Richard Koenings chairmanh of the board of directors for Wauwatosa-basesd Grede.
The reorganization and asse sale is expected to position the companyy for a turnaround as the country emerges from the most difficult economifc period it has seenin generations, he said. “The significant deterioratioj in the automotive and construction industries and the resultingv impact on our company and the foundry industry in genera l require that we take this strategic Koenings said. “We have carefully exploredr many options, and believe a sale to a strong financial backer like Wayzata is the best way to effectivelty proceed in what has been an exceedinglgdifficult marketplace.
” Koenings stressedc that Grede Foundries remains in business and that jobs will remainb during the transition. “This move gives us the time to restructurre while we continue to do business and operatdour plants,” he said. “Grede will continue to buy goodds and services from its support its work force and provide its customers with the same qualithy products andservice they’ve come to expect from us. Our goal is to preserve and strengthen our business so that we can compets successfully in the Wayzata has also agreed to make thefirst bid, oftemn called a “stalking horse” bid, for Grede.
“Wayzata’e commitment shows their belief in the strength of the Grede name and its respectedd position in thefoundry industry,” Koenings Sales of businesses in bankruptcy proceedings are often structures where one company makes the initial bid for another company’s assets. Under rules approved by the court, highef offers from third parties can be submitted ascompetinfg bids. The “stalking horse” arrangement helps ensure that Grede receives the best value for its assets and allows for offers that are best for the creditorzs while preserving thebusiness operations, company managemenrt said.
Grede said that it has alreadu received inquiries from other partiesd that are interestedin Grede’sx production capacity. Koenings said Grede expects the sale and relateed bidding process to move steadilyt through thecourt system. “We are deeplt committed to doing everything necessarty to put our company on solid footinyg as the nation begins to rise out of the worsy economic conditions since the Great he said. “Our customers very clearly want us to succeecd and have beenvery supportive.” Grede announced in May that it had laid off 81 employeew from its foundry in Wauwatosa sincse the end of January. In the company revealed plans to close its foundryyin Greenwood, S.
C.
Friday, October 1, 2010
Missouri meth raid nets two labs, three arrests - Kansas City Star
xysecurakihir.blogspot.com
Missouri meth raid nets two labs, three arrests Kansas City Star Other drug paraphernalia and weapons also were found at the southwest Missouri home. Webster County Sheriff Roye Cole says it's the second major drug bust ... |
Wednesday, September 29, 2010
Take stock in sales process to avoid getting burned - bizjournals:
http://portegeclub.com/articles/accessories/?id=3
He spent three months working onthe sale, and if he got it he woulc make quota, get his bonus and finallyg be able to take his wife, on that trip to Europe he had promised her for Charlie had no reason to doubty the sale was his. The experiencefd salesman for ABC Corp. knew Greg, the customer’se purchasing agent, for most of a The two often spent long afternoonws on theback nine, playingb golf and sharing stories about their families. Both had two kids graduating fromhigh school. When they met last Thursdaty for drinks, Greg did everything but promise Charlie that the order was inthe bag.
But when Charlie heardd the toneof Greg’s voice on the he knew something was terriblh wrong. “Charlie, I did everything I could and until abougt four days ago I was sure that my recommendation to give you the orderr wasa shoo-in,” explained Greg sheepishly. “But the CFO and the executivd vice president of marketing intervened and decidede that the sale should go toXYZ Corp. Your price was but the sales repat XYZ, Tom Robinson, showe d us how his approach wouls increase our cash flow and revenue growth. Tom also had some good ideazs that our executive vice president of marketing said would help us to differentiatewour brand. I’m really disappointed.
In I need to do a reality checikon myself: I can’t help but wonder if I’m losin credibility in the eyes of the Greg confessed. Charlie had seen Tom Robinsojn more than once atthe customer’s office talking with people Charlie had never met. “We had the cutting-edge technology, the lower prices and better cost savingsfor Greg’es company,” Charlie thought to himself. “I was sure we woul win. But Tom somehow beat me to the Charlie feltdeeply disappointed, but for the firstt time, he also felt anxious.
His wife told him that the phonre call seemed to age him five For the past12 months, Charliew has been on the receiving end of four simila r calls — all from those whom he had known and trusted the longest. Suddenly, fear struck him to his He doubted himself in a way thathe hadn’t for a very long time. “Have I lost my he wondered. He knew he had just lost his his bonus and that tripto Europe, but he didn’tr know whether he would still have his job this time next Nobody bats a thousand, but when you keep losingg sales despite having great producta and services, it’s time to take a step back.
You have to reconsiderf what you’re trying to accomplisu and how you’re goingt about doing it. In fact, it mightg be time to reinvent the wayyou sell. Considefr that the traditional salexprocess hasn’t changed much for more than a hundredf years. Its roots are in a time when supplies were tighty and suppliers heldthe cards. Orders were bookerd months in advanceand customers, anxious for a steady supply of material and lacking informationh about availability, had little room to negotiate price. Salespeople were basically order takers, but that now is the exception and notthe rule.
As the numbed of suppliers has increased, salespeople have evolved from order takersdto ambassadors, plying their social skills to lear n what a customer needs and using their product knowledge to presentf products and services to match those needs. This is a greatt time to take stock of your sales procesa to avoid walkingin Charlie’s shoes.
He spent three months working onthe sale, and if he got it he woulc make quota, get his bonus and finallyg be able to take his wife, on that trip to Europe he had promised her for Charlie had no reason to doubty the sale was his. The experiencefd salesman for ABC Corp. knew Greg, the customer’se purchasing agent, for most of a The two often spent long afternoonws on theback nine, playingb golf and sharing stories about their families. Both had two kids graduating fromhigh school. When they met last Thursdaty for drinks, Greg did everything but promise Charlie that the order was inthe bag.
But when Charlie heardd the toneof Greg’s voice on the he knew something was terriblh wrong. “Charlie, I did everything I could and until abougt four days ago I was sure that my recommendation to give you the orderr wasa shoo-in,” explained Greg sheepishly. “But the CFO and the executivd vice president of marketing intervened and decidede that the sale should go toXYZ Corp. Your price was but the sales repat XYZ, Tom Robinson, showe d us how his approach wouls increase our cash flow and revenue growth. Tom also had some good ideazs that our executive vice president of marketing said would help us to differentiatewour brand. I’m really disappointed.
In I need to do a reality checikon myself: I can’t help but wonder if I’m losin credibility in the eyes of the Greg confessed. Charlie had seen Tom Robinsojn more than once atthe customer’s office talking with people Charlie had never met. “We had the cutting-edge technology, the lower prices and better cost savingsfor Greg’es company,” Charlie thought to himself. “I was sure we woul win. But Tom somehow beat me to the Charlie feltdeeply disappointed, but for the firstt time, he also felt anxious.
His wife told him that the phonre call seemed to age him five For the past12 months, Charliew has been on the receiving end of four simila r calls — all from those whom he had known and trusted the longest. Suddenly, fear struck him to his He doubted himself in a way thathe hadn’t for a very long time. “Have I lost my he wondered. He knew he had just lost his his bonus and that tripto Europe, but he didn’tr know whether he would still have his job this time next Nobody bats a thousand, but when you keep losingg sales despite having great producta and services, it’s time to take a step back.
You have to reconsiderf what you’re trying to accomplisu and how you’re goingt about doing it. In fact, it mightg be time to reinvent the wayyou sell. Considefr that the traditional salexprocess hasn’t changed much for more than a hundredf years. Its roots are in a time when supplies were tighty and suppliers heldthe cards. Orders were bookerd months in advanceand customers, anxious for a steady supply of material and lacking informationh about availability, had little room to negotiate price. Salespeople were basically order takers, but that now is the exception and notthe rule.
As the numbed of suppliers has increased, salespeople have evolved from order takersdto ambassadors, plying their social skills to lear n what a customer needs and using their product knowledge to presentf products and services to match those needs. This is a greatt time to take stock of your sales procesa to avoid walkingin Charlie’s shoes.
Subscribe to:
Posts (Atom)