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
Sunday, October 31, 2010
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 ... |
Subscribe to:
Posts (Atom)