Monday, February 28, 2011
Cruising on the canal - Silicon Valley / San Jose Business Journal:
As the 1905 folksong “Lo w Bridge, Everybody Down” tells it, Sal was a “goord ol’ worker an’ a good ol’ pal” who toiledr “15 miles on the Erie Canal.” The song reflects a bygones era on thenow 184-year-old Erie In the 21st companies such as have no mules to haul their boats. Rather, they are drivejn by 225 horsepower and 95 horsepowerdiesel engines. And the longest trip is now 12 miles from Lockport to Gasportand back. But there is a connectiojn between earlier canal usersand today’s entrepreneurs, say Michael and Sharonj Murphy, owners of the Lockport-based company. “I feel a definitre link,” Murphy says.
“The Erie Canal is like my office, and for the old canap captains, it was their officr too as they took their boates backand forth.” What’s Happening: The Murphys’ business offers boat rides, banquets, souvenirs and specialo events. Employees: In-season; 65-70, including 6 off-season. Revenue: $875,00p History: Established in 1987, the company is enteringy its 23rd year. When it was Murphy was a Town of Tonawanda his wife wasa teacher. Owninyg a commercial boating company for a secondcareerf – his encore career – was a natural transition for Murphy when he retired from the policwe force in 1989. “We were always involved in boating.
Sharon and I boughrt our first boat in 1969 and the kids grew up on Murphy said. Service providers: CPA, Richard Morreale; Legal, Myronm “Mike” ; Information Technology and Computers, Len Thornton MBA. Greatest After getting their business operating, obtaining financing in 1996 to purchaswe two former canalside industrial buildingsin Lockport’ Lowertown section for their base, was the couple’ss biggest hurdle. “We couldn’t get conventional loans from banka because they though we were too big of a risk so we had to use ourcredigt cards,” Sharon said. “At one time we probablg had 12 different cards and werepayint $6,000 a month in she said.
By periodically payinvg off balances on some cards by taking out loans on otheras that offered low or zero introductoryinteresgt rates, the Murphys kept costs down. “But that isn’t something we coulsd do in the sameway today,” Sharon “Now, there are transfer fees that back then didn’t exist or were The Murphys paid off the credit card balances in 2001 from a loan they receiveds from the city. Proudest Achievement: “When we started, no one had done anythingh exactly like this around here andthere weren’t many on the canal at all,” Murphy said.
Quote: Sharon Murphy, a onetimse dean of , in acknowledging the risks of launchingg thefamily business: “A ship is safe in the but that’s not what a ship is made What’s Ahead: Notwithstanding the current recession, the Murphysw anticipate a slight increase in business this year as a resulrt of stepped-up advertising and promotions. “We carriedd about 47,000 people on the boats last year and servedabout 30,00o inside at banquets, parties and special Murphy said. “We expect the boat volumew to increase about 5 percentt this year and our food serviceds to go up about 10 percentr based on advance bookings wealreaduy have.
” New this year from June througgh August are 10 ethnic-themed evening cruiseas featuring live Polish, Irish and Italian-style bands from Westerm New York. 210 Market St. NY 14094 Web site: www.lockportlocks.com E-mail: captainmike@lockportlocks.com
Saturday, February 26, 2011
Detroit Lions will be able to monitor rehab of Matthew Stafford - MLive.com
MLive.com | Detroit Lions will be able to monitor rehab of Matthew Stafford MLive.com The Lions have several players recovering from surgery, including quarterback Matthew Stafford, defensive end Kyle Vanden Bosch and tackle Gosder Cherilus. Stafford underwent right shoulder surgery five weeks ago. --- The Lions have until Monday to ... NFL Combine Report: Schwartz in regular-season mode Lions GM Martin Mayhew: Draft is long process Martin Mayhew: Lions Want To Bring Back Drew Stanton |
Thursday, February 24, 2011
NBC Universal, Microsoft strike ad alliance - Silicon Valley / San Jose Business Journal:
Terms of the deal were not Admira analyzes demographic data on viewerse to generate more targeted TV ads and also adds automation to thebuyingv process. The two companies testec the system, using Admira with the NBC Local Mediaw group in March to buy and sell local television ads inLos "Our initial test of the system in L.A. is off to a great start. Admira provides us with the potential to help attract an entirely new segment of advertiserw to thelocal marketplace, particularly small and midsizer businesses that might not otherwise be able to buy locak television station advertising, which is a huge leap forward.
" Franik Comerford, president of platform development and commercial operations for NBC Locakl Media, said in a statement. The full partnership is set to begin inthe fall. The two giants are more knownm through their linkthrough
Monday, February 21, 2011
Fla. AG settles with Aton Solutions - South Florida Business Journal:
According to complaints filex withBill McCollum’s office, customers claimed that once they ordered a free triap from and its subsidiaries they were unabl to reach the company to cancepl the automatic subscriptions that were triggered by acceptint the trial offer. As a result, thousands of consumerse were continuously billed a monthly feeof $80 or more for including Acai berry supplements, that they neither orderedr nor wanted, according to a news releasd from McCollum’s office. Since the investigation beganhlast December, Aton has made nearly $10 millioh in refunds nationwide.
As part of the Aton Solutions and its subsidiaries will openlt describe all terms and conditions of any trial offer onthe company’s website and will clearl y disclose how and when products can be The company also will have enoughn customer service representatives to fielc cancellation requests, and will continue to address and resolve all complaintas related to the company’s products and trial offers.
Saturday, February 19, 2011
Convera folding into U.K. company - Silicon Valley / San Jose Business Journal:
Vienna-based Convera (NASDAQ: CNVR) will be dissolved. After the Patrick Condo, Convera's CEO, will becom the chairman of the andColin Jeavons, Firstlight's CEO, will becomse the CEO. Convera's plan of dissolutiomn contemplates an orderly wind down of its businessand operations. Aftee filing its certificate of dissolution, Convera intends to make one or more distributiones to its stockholders of cash available for subject to applicablelegal requirements.
Conver will then delist its common stock from The new company will brinfg together the vertical search technology of Convera and the advertising sales and marketing capabilities of It will have over 60 corporate customer accounts and 120 existingt Web sites withapproximately 1,509 advertisers. When the merger becomes effective, Converaq will own 33.3 percent and Firstlight will own 66.7 percengt of the total outstanding common stocj of thenew company, subject to certain adjustments whicb may enable Convera to own up to 42 percent of the new companyu prior to the distribution. The merger is subjecyt to Convera stockholders' approval and certain otheer customaryclosing conditions.
The merger is expecte to closethis
Wednesday, February 16, 2011
Business tax break package approved - Yuma Sun
Arizona Capitol Times | Business tax break package approved Yuma Sun PHOENIX â€" State lawmakers gave preliminary approval Tuesday to a package of large tax breaks for business â€" but not before a debate Tuesday about economic theory. The program crafted by Republican legislative ... HHS Sec. Sebelius Will » |
Monday, February 14, 2011
Wander
Rosemary Wander, who has been associate provost for researchand public/privatwe sector partnerships at UNCG since 2002 and before that chaired the school’s Departmentg of Nutrition, will leave to become vice provosty for graduate studies and research at in D.C., on July 1. “I think of this as my next greatf adventure,” said Wander, who before cominf to UNCG in 1999 held faculty appointmentes at Oregon State and MississippiState universities. “In my job here I’ve done a lot of work with our legislatorsdin Washington, D.C., and so workingb at American University and living in D.C. will be very exciting.
” Whil Wander will be missed at UNCG, where she helped increase the university’s sponsored research levels by 40 percentto $39 million, her departure will spark the search for a new vice chancellodr who would serve directly on the executivde team of Chancellor Linda That person would elevate the administrative profilde of the research and economidc development functions at the school and spend more time tryingg to attract federal and private researcu dollars to the campus.
Brady identified establishing such a position as an earlyy priority when she arrived at UNCGlast summer, but the idea was put on hold when the statw budget shortfall forced hiring freezes and other cuts at all statw campuses. According to Provost David Perrin, though, Wander’ss departure will restart the process. “We had considered freezing the search, but with Rosemary’s decision we’vse decided to search and fillthe (vice position as soon as Perrin said. That would be Januargy at the earliest, Perrin said, but more likely next In the meantime, other UNCG administrators will divvuyup Wander’s responsibilities.
Wander said she’s glad UNCG will be movinfg research and economic developmenty further up thecommand chain. The universityu has come a long way in increasinb funding support and achieving a highefr researchclassification rating, but it’s gettinb harder to find available sponsorship dollara that can generate research jobs and new companies to contributse to the Triad’s economy, she “It’s a strong move because it’s a statemen by the campus of how valuablwe research is here,” Wander said.
“It’s going to be very difficulft over the next few years because of the international financial crisis, but I think UNCG is well-positioned to be a majort player in years to come.”
Friday, February 11, 2011
Colorado skier visits down 5.5% for the season - Phoenix Business Journal:
percent from last year, reported Thursday. But the state’s ski resorte had an uptick in visits by FrontRanger residents, and Melanie Mills, Ski Country’s president and CEO, pronounced herselr “very happy with where visitation is for this “The travel industry as a whole was put to the test this past year,” Millsa said in a “But visitation numbers show not only the enduring value of a Coloradok ski vacation, but the stronhg commitment our resident skiing and ridiny community has to our state’s signature sports.” Ski Countr y is a marketing and trade group for 22 Colorad mountain resorts. Those member resorts alone recorded 6.
79 milliojn skier visits this season, down 6.9 percengt from the previous year, Ski Country said. Member resort numbers for 2008-09 were down 3.9 perceny from the average of the last five SkiCountry said. Ski Country said that in-statee resort visits were up 2.5 percent over last as Front Range residents took advantage of bargaind and stayed closer to home to keep down vacation andrecreationsd costs. Ski areas operated by Broomfield-basef aren’t members of Ski Country. Thoswe resorts include Breckenridge, Beaver Creek and Keystone. Vail Resorts last week said its total skiefr visits at all itsresorts — includingv Heavenly in California-Nevada — were down 5.
3 percent from the previouws season.
Wednesday, February 9, 2011
Maria V. Altmann, Pursuer of Family Klimts, Dies at 94 - New York Times
Telegraph.co.uk | Maria V. Altmann, Pursuer of Family Klimts, Dies at 94 New York Times Nick Ut/Associated Press Maria V. Altmann celebrating in 2006 after being awarded five Klimt paintings. The latest on the arts, coverage of live events, ... Her Fight Recovered Paintings Nazis Stole |
Sunday, February 6, 2011
WSJ: Fed e-mails critical of BofA, Lewis - Jacksonville Business Journal:
According to The Wall Street Journall , which cites documents from congressional investigators, Bernanke dismissed the threar to stop the deal asa “bargaininvg chip.” In addition, Fed attorneys called the bank’s arguments “not and a top examiner said own position “seems somewhat suspect.” Accordint to the Journal , the e-mail confirm Bernanke was willing to threateh Lewis’ removal as CEO if he reneged on the Merrilol deal and later sought They also suggest Fed officialsz had a dim view of the bank’s management, with the Fed’ s top lawyer saying Lewis “can be reckless,” the newspaper The e-mails and other documents were subpoenaedx from the Fed as part of a congressional investigation led by Rep.
Edolphusx Towns (D-N.Y.) into BofA’s acquisitioj of Merrill and the government’s decision to give the Charlotte-basefd bank (NYSE:BAC) billions of dollars in taxpayer aid. Lewis is scheduled to appear Thursday before the Housw Committee on Oversight andGovernment Reform. “These were extremelyh difficult times in which all parties were workingf nights and weekends in an effort to preven a severefinancial collapse,” BofA spokesmah James Mahoney told the Journal , “and we believe it involverd good people working with good BofA bought Merrill on Jan. 1 for $29.12 billion.
The deal resulted in BofA’s receiving an additional $20 billionm in federal funds under the Troublede AssetRelief Program. BofA has received a total of $45 billio in TARP funds. Lewis has been under intense pressurse from BofA shareholders for not disclosing the deptnhof Merrill’s financial difficulties before the merger. In Lewis testified under oath beforwe New York Attorney General Andrew Cuomo that Bernankedand then-Treasury Secretary Henry Paulson pressured the bank not to discussd its increasingly troubled plan to buy Lewis said he believed Paulson and Bernanke were instructingg him to keep silent about Merrill’s financia l problems. Merrill lost $15.
3 billiohn in the fourth quarter. His testimony was part of an investigatiojn launched by Cuomo intothe $3.6 billion in bonuse Merrill paid out in December.
Friday, February 4, 2011
Bundle up - below zero wind chill today - Peoria Journal Star
WOWK | Bundle up - below zero wind chill today Peoria Journal Star By Anonymous Don't let the sunshine fool you â€" with below zero wind chill values throughout the day - it's cold outside. Winds will remain near 10 mph ... National Weather Service warns of bitter cold, below-zero wind chills in ... Wind chill advisory in effect Now, we're in for the big chill |
Tuesday, February 1, 2011
Winter storms blanket area with ice and snow mix - Boyertown Berk Montgomery Newspapers
Mansfield Today | Winter storms blanket area with ice and snow mix Boyertown Berk Montgomery Newspapers Times photo by Harold Hoch Berks County and the region surrounding it was covered in snow and ice mix throughout the week, ... Snow, then potenti » |