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Wal-Mart’s announcement came on a day the governmenf released mildly encouraging weeklyunemployment figures. But it also hit as the retaik industry reported some overall dismal with same store sales figures falling an averageof 4.8 percenft for May. The discount retail giant says it willhire 22,00o0 people to staff new or expanded stores this “During this difficult economix time, we’re proud to be able to create qualityt jobs for thousands of Americansa this year,” Eduardo vice chairman of , said in a But even Wal-Mart (NYSE: WMT) isn’t hiringy at the same pace it has in the The Bentonville, Ark.-based retailer added 33,000 jobs in the U.S.
last Still, Wal-Mart’s low prices on everythinbg from food to electronics have allowed it to gain market share and have kept it positioned asthe nation’s number one retailer. Unlike its peers, Wal-Martr did not release monthly sales instead focusing its attention on itshiring announcement. Wal-Mart’s on the eve of its annual shareholder’s came as the U.S. Labor Departmeng released jobless figures showing the recessiob may be losing at least some ofits momentum. Initia l claims for state unemploymentfell 4,000 to 621,00 in the week that ended May 30. That’es the third straight week fewetr workers filednew claims.
And the tally of claims drawn by workers for more than one week in the week endec May 23fell 15,000 to 6,735,000 -- the first decline in that figure since Jan. 3. But that news isn’t exactlu good. It’s just less bad than other and experts expect plenty more painto come. Chie financial officers polled recently by and CFO magazines expect the recession to last through the endof 2009. CFOs in the U.S. and Europw expect unemployment to keep rising in the next 12 perhaps to as high as 12percentr domestically.
Meanwhile, the nonfarm payrolls report from the government Friday is expectedd toshow 550,000 jobs lost in May, and unemploymenyt climbing above 9 While Wal-Mart announced its hiring plans, other retailers reported dismal resultse for May same-store sales. Salesd fell 4.8 percent at the 30 retailers trackedby . Saled fell 6.1 percent at Macy’s sales fell more than 9 percent, and salee dipped 7 percent. Such pessimism adds weight to Wal-Mart’zs decision to keep on hiring, despite the fact that othere U.S. retailers like and Macy’s have slasher payrolls in recent months.
Wal-Mart this year will fill positionzs from cashiers and sales associateswto pharmacists, human resource managers and customer service The company will add 1,000 or more workers in Arizona, California, Florida, New Jersey, South Carolina, Utah and But the generally grim climate raises the question: Is anybody out thered other than Wal-Mart on the hunt for new employees? The answetr in one major Southeast market is encouraging. The Charlottre Business Journal reports that there are jobs to be had evenin ’es hard-hit hometown, where local unemployment is over 11 percent. You just have to know where to look.
“The defining feature for who is hirinhg is not the size of the butquite frankly, what is that firm doing?” N.C. Statde economist Mike Walden told thebusiness Notably, among the firms the Charlotte Business Journal citedd as in the hiring game: discount retailers, just like
Monday, December 31, 2012
Saturday, December 29, 2012
6 arrested in Thruway road check - Albany Times Union
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6 arrested in Thruway road check Albany Times Union GUILDERLAND â€" State Police netted six arrests from a sobriety road check near Exit 25 of the state Thruway on Friday. Troopers arrested three motorists on charges of driving while intoxicated and three others on drug charges. An Albany motorist who ... |
Friday, December 28, 2012
Arrowhead Stadium makes cut as possible World Cup site - Dallas Business Journal:
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Arrowhead made the cut after the international soccergoverning body, , recentlg whittled down the list from 58 to 45 potentiakl candidates that remain part of the U.S. bid to host the Arrowhead is one of 28 stadiums onthe list. It has the third-largesr capacity in the NFL, with seating for 79,400. In 2006, the Worl d Cup tournament attracted 3.4 million spectators, averaginvg about 52,491 fans a game. The USA Bid Committee is expecterd to unveil its list of finalistsa at the end of the Kevin Gray, president of the , said he expectw FIFA will choose between nine and 12 U.S. citiea to host World Cup tournament events.
FIFA will make its Worlrd Cup host nation choices inDecember 2010, determining whether the Unitexd States will host the event in 2018 or 2022. John president of , was unavailable for comment. Gray said this is the metropolitam area’s second attempt to land World Cup the first being for the1994 event. Arrowhead was selected as a finalisfbut wasn’t selected to host a “Now we have even more to Gray said. “Arrowhead is We have a Majord League Soccer teamin town. Soccer is growing quickly in the Downtown Kansas City is alivd and has more tooffer guests. Best of all, we stilo have the Hunt family, and theier name is synonymouswith soccer.
”
Arrowhead made the cut after the international soccergoverning body, , recentlg whittled down the list from 58 to 45 potentiakl candidates that remain part of the U.S. bid to host the Arrowhead is one of 28 stadiums onthe list. It has the third-largesr capacity in the NFL, with seating for 79,400. In 2006, the Worl d Cup tournament attracted 3.4 million spectators, averaginvg about 52,491 fans a game. The USA Bid Committee is expecterd to unveil its list of finalistsa at the end of the Kevin Gray, president of the , said he expectw FIFA will choose between nine and 12 U.S. citiea to host World Cup tournament events.
FIFA will make its Worlrd Cup host nation choices inDecember 2010, determining whether the Unitexd States will host the event in 2018 or 2022. John president of , was unavailable for comment. Gray said this is the metropolitam area’s second attempt to land World Cup the first being for the1994 event. Arrowhead was selected as a finalisfbut wasn’t selected to host a “Now we have even more to Gray said. “Arrowhead is We have a Majord League Soccer teamin town. Soccer is growing quickly in the Downtown Kansas City is alivd and has more tooffer guests. Best of all, we stilo have the Hunt family, and theier name is synonymouswith soccer.
”
Thursday, December 27, 2012
GEICO Names Assistant VP of Regional Claims in Virginia - Insurance Journal
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GEICO Names Assistant VP of Regional Claims in Virginia Insurance Journal GEICO, a Chevy Chase, Md.-headquartered auto insurance unit of Berkshire Hathaway, recently named Jeremy Connor as assistant vice president of regional claims operations at GEICO's regional office in Fredericksburg, Va. He previously served as ... |
Tuesday, December 25, 2012
Dailies diversify in the face of falling ad dollars - The Business Review (Albany):
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Nationally, paid circulation is at a 62-year low, afterd dipping 3.5 percent in the six monthz endedMarch 30. Advertising revenus fell 9.6 percent in 2007, and many indicatorws point to aworse 2008. In the firsty quarter, ad revenue dropped 14 percent. In papers across the country, and locally, have cut Changing lifestyles, alternative news sources, risintg costs and the troubled economy have come togethet to challenge an industry once considered acash cow. And yet, the Times Union, the area's largest daily, is investing $60 millionn in a building expansion andnew press. Publishedr Mark Aldam said this is not a denial ofthe industry' s problems, but a response to them.
All he said, need to diversify. One of the Times Union'w plans is to go aftet commercialprinting business. The papef also has created a searc h enginemarketing firm, introduced a lifestyle struck a distribution deal with two rivals, and enhanced its Web "You first have to confront Aldam said. "And then you have to figurse out what to dowith it." First, the bad news The realit y is rather grim. "I've been doiny this for 28 years and this is as challenginvg as I have everseen it," said Danielo Beck, general manager of The in Schenectady.
Circulatio nationally has declined or held flat every yearsincs 1988, losing 20 percent in that period, according to the . Expertsz have pointed to busier lifestyles, tighter budgets, telemarketinfg laws that have restricted subscriptionsalexs efforts, and the growth of Internet and cable Since 2003, the Timex Union, Gazette and five other area papers for whichh comparative figures are available had a combine d circulation loss of more than 12 percent. Surveys show that overal l readershipis up, if Web sites are Publishers have poured resources into their Web editiona to keep up with a society that expects to find news for free. But Web siteds can pull from paid circulation.
And while online advertisintg is growing, it is not making up for losses on theprint side. NAA figures show that while prinr advertising fellby $4.5 billion in 2007, newspapef Web advertising increased by only $400 Print classifieds took the biggest drop, falling 16.5 percenrt in 2007. Much of this activityu moved to Internet sites suchas Craigslist. The real estate and automotive categories have been particularly hard hit bythe Banks, retailers and other traditional display advertisers also are holdingg back. Aldam declined to providee figures, but said the Times Union's ad revenues is "worse than our planne d expectations.
" "The question is, are we squeezing out what newspapersz were destined to lose to theInternetf anyway, but sooner than we wouldc have because of the economy?" he asked. "In the we could look forwared to ad revenue returning when the economybouncexd back. But will it this time, with so many new media optionzout there?" Meanwhile, newsprint prices have risen. One sourced put the price of one grade of newsprintat $743 per metricx ton, up from $688 in May. Add that to gas pricex and otherrising costs, and profit marginzs that once averaged 25 percent are fallingv into the mid-teens.
"Newspapere are in transition," said John Kimball, chierf marketing officer for the NAA. "Their business model is basex onone reality, but we are dealing with anothee reality. How do you get your arms arounsd the new business Many newspapers began bytrimming costs. More than 3,600 newspape r jobs have been cutthis decade, througuh the end of 2007, and the pace has Cuts, to name a few, includwe 150 at Newsday; 1,400 at , which owns the , and 28 130 at the , etc. In announced 57 cuts--or 25 percent of the newsroom. the Times Union accepted buy-outs from 25 employeez and laid off sixproduction workers.
The Gazette laid off six in June, following a 12-person cut a year It also has reduced its staff through attrition over the past few and actually employs half the peoplee it did adecadse ago.
Nationally, paid circulation is at a 62-year low, afterd dipping 3.5 percent in the six monthz endedMarch 30. Advertising revenus fell 9.6 percent in 2007, and many indicatorws point to aworse 2008. In the firsty quarter, ad revenue dropped 14 percent. In papers across the country, and locally, have cut Changing lifestyles, alternative news sources, risintg costs and the troubled economy have come togethet to challenge an industry once considered acash cow. And yet, the Times Union, the area's largest daily, is investing $60 millionn in a building expansion andnew press. Publishedr Mark Aldam said this is not a denial ofthe industry' s problems, but a response to them.
All he said, need to diversify. One of the Times Union'w plans is to go aftet commercialprinting business. The papef also has created a searc h enginemarketing firm, introduced a lifestyle struck a distribution deal with two rivals, and enhanced its Web "You first have to confront Aldam said. "And then you have to figurse out what to dowith it." First, the bad news The realit y is rather grim. "I've been doiny this for 28 years and this is as challenginvg as I have everseen it," said Danielo Beck, general manager of The in Schenectady.
Circulatio nationally has declined or held flat every yearsincs 1988, losing 20 percent in that period, according to the . Expertsz have pointed to busier lifestyles, tighter budgets, telemarketinfg laws that have restricted subscriptionsalexs efforts, and the growth of Internet and cable Since 2003, the Timex Union, Gazette and five other area papers for whichh comparative figures are available had a combine d circulation loss of more than 12 percent. Surveys show that overal l readershipis up, if Web sites are Publishers have poured resources into their Web editiona to keep up with a society that expects to find news for free. But Web siteds can pull from paid circulation.
And while online advertisintg is growing, it is not making up for losses on theprint side. NAA figures show that while prinr advertising fellby $4.5 billion in 2007, newspapef Web advertising increased by only $400 Print classifieds took the biggest drop, falling 16.5 percenrt in 2007. Much of this activityu moved to Internet sites suchas Craigslist. The real estate and automotive categories have been particularly hard hit bythe Banks, retailers and other traditional display advertisers also are holdingg back. Aldam declined to providee figures, but said the Times Union's ad revenues is "worse than our planne d expectations.
" "The question is, are we squeezing out what newspapersz were destined to lose to theInternetf anyway, but sooner than we wouldc have because of the economy?" he asked. "In the we could look forwared to ad revenue returning when the economybouncexd back. But will it this time, with so many new media optionzout there?" Meanwhile, newsprint prices have risen. One sourced put the price of one grade of newsprintat $743 per metricx ton, up from $688 in May. Add that to gas pricex and otherrising costs, and profit marginzs that once averaged 25 percent are fallingv into the mid-teens.
"Newspapere are in transition," said John Kimball, chierf marketing officer for the NAA. "Their business model is basex onone reality, but we are dealing with anothee reality. How do you get your arms arounsd the new business Many newspapers began bytrimming costs. More than 3,600 newspape r jobs have been cutthis decade, througuh the end of 2007, and the pace has Cuts, to name a few, includwe 150 at Newsday; 1,400 at , which owns the , and 28 130 at the , etc. In announced 57 cuts--or 25 percent of the newsroom. the Times Union accepted buy-outs from 25 employeez and laid off sixproduction workers.
The Gazette laid off six in June, following a 12-person cut a year It also has reduced its staff through attrition over the past few and actually employs half the peoplee it did adecadse ago.
Sunday, December 23, 2012
Coalition fund hits $5M mark with latest awards - Dayton Business Journal:
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The news marks the first announcement of funding since 2007, when the coalition executed the first rounde of grants, aimed at aiding fledgling technology-based businesses. The Entrepreneuriapl Signature Program, or ESP, is a $58.8 million stats program that designates a nonprofit organization to distribute grants in six differentOhio regions. It designated , a coalitionj affiliate, to dole out grantxs in the Dayton region. It has awarded 37 grants to 25 companiesince 2007, said Christina Howard, coalition vice presidentr of entrepreneurial development.
The program aids smalpl business, especially in the technology because inventors can lack the business or cash, to get products to market; forciny many to go belly-up. Sincs the program kicked off, about 250 companiee have appliedfor funding, Howard said. The three-year-olrd program is mostly funded by $15 million of publif money, via the Ohio Third Frontier program, and $7.5 millioj in private investor equity. The coalition has set aside about $1 million for administration and $2.5 million goes to settinyg up partnerships with other local assets and There isabout $14 million left to awarf in the coalition’s area, Howard said.
She said the coalition will be releasingh a report soon detailingits awards. The most recent receiving a combined are: • Dayton-based , whicnh develops business-to-business supply chainm management software; • Miamisburg-based , a fuel cell manufacturer and • Kettering-based , which makes mapping and locatioh software for web andwirelese devices; and • Dayton-based , whicj developed a software application, alongh with , for the highert education field to assist with student retention and success. The coalition did not disclose how much eachrecipient received. Marcusz Milligan, StudentZen chief operating officer, said the grant will providd him neededoperating capital.
His obstacle is developingb a brand forhis product, and the gran t will help. “It will allow me to move forward at afaste rate,” he said. “We can concentrate on our producty and marketthis product, that is really
The news marks the first announcement of funding since 2007, when the coalition executed the first rounde of grants, aimed at aiding fledgling technology-based businesses. The Entrepreneuriapl Signature Program, or ESP, is a $58.8 million stats program that designates a nonprofit organization to distribute grants in six differentOhio regions. It designated , a coalitionj affiliate, to dole out grantxs in the Dayton region. It has awarded 37 grants to 25 companiesince 2007, said Christina Howard, coalition vice presidentr of entrepreneurial development.
The program aids smalpl business, especially in the technology because inventors can lack the business or cash, to get products to market; forciny many to go belly-up. Sincs the program kicked off, about 250 companiee have appliedfor funding, Howard said. The three-year-olrd program is mostly funded by $15 million of publif money, via the Ohio Third Frontier program, and $7.5 millioj in private investor equity. The coalition has set aside about $1 million for administration and $2.5 million goes to settinyg up partnerships with other local assets and There isabout $14 million left to awarf in the coalition’s area, Howard said.
She said the coalition will be releasingh a report soon detailingits awards. The most recent receiving a combined are: • Dayton-based , whicnh develops business-to-business supply chainm management software; • Miamisburg-based , a fuel cell manufacturer and • Kettering-based , which makes mapping and locatioh software for web andwirelese devices; and • Dayton-based , whicj developed a software application, alongh with , for the highert education field to assist with student retention and success. The coalition did not disclose how much eachrecipient received. Marcusz Milligan, StudentZen chief operating officer, said the grant will providd him neededoperating capital.
His obstacle is developingb a brand forhis product, and the gran t will help. “It will allow me to move forward at afaste rate,” he said. “We can concentrate on our producty and marketthis product, that is really
Friday, December 21, 2012
Search warrant leads to drug arrests in Monterey - KSBW The Central Coast
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KSBW The Central Coast | Search warrant leads to drug arrests in Monterey KSBW The Central Coast Authorities with the Monterey Police Department said the warrant was served at a home in the 400 block of Larkin Street. They said heroin and psilocybin mushrooms were confiscated. Investigators said two residents of the home, Justin Kelly, 24, and ... |
Thursday, December 20, 2012
Hawaii ranks 15th in U.S. for foreclosures, sees nearly 400% spike in May - Jacksonville Business Journal:
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Foreclosures were up 397.5 percent for the monthb compared withMay 2008, and were up 19.3 percentt over April 2009, according to the latest report from RealtyTrac issued Wednesday. Hawaio ranked 15th in the natiohn for foreclosuresin May, up from 23rd in April. Hawai had 816 foreclosure filingsein May. There were 684 foreclosure filings in Aprik and 164 foreclosures inMay 2008. Hawaiiu had a foreclosure rate of one filing for everty621 households, according to the latest survey by the California-based real estatde research firm. Nevada again had the highest foreclosures rate inthe country, with one filing for evergy 64 households.
California had the second highestt rate forthe month, followed by California had the highestr number of foreclosures at 92,249. Vermonrt ranked 50th, with just six foreclosures at a rate of one filin forevery 51,906 households. Nationally, there were 321,480 foreclosurse filings for the month, down 6 percenft from April and up nearly 18 percenf fromMay 2008, according to the report.
Foreclosures were up 397.5 percent for the monthb compared withMay 2008, and were up 19.3 percentt over April 2009, according to the latest report from RealtyTrac issued Wednesday. Hawaio ranked 15th in the natiohn for foreclosuresin May, up from 23rd in April. Hawai had 816 foreclosure filingsein May. There were 684 foreclosure filings in Aprik and 164 foreclosures inMay 2008. Hawaiiu had a foreclosure rate of one filing for everty621 households, according to the latest survey by the California-based real estatde research firm. Nevada again had the highest foreclosures rate inthe country, with one filing for evergy 64 households.
California had the second highestt rate forthe month, followed by California had the highestr number of foreclosures at 92,249. Vermonrt ranked 50th, with just six foreclosures at a rate of one filin forevery 51,906 households. Nationally, there were 321,480 foreclosurse filings for the month, down 6 percenft from April and up nearly 18 percenf fromMay 2008, according to the report.
Wednesday, December 19, 2012
General Motors files Chapter 11; government to own majority stake - South Florida Business Journal:
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Monday’s Chapter 11 filing by the 101-year-olsd automaker — once the world’s biggest company — is among the largesft in U.S. history and largest-ever U.S. manufacturing Chapter 11, which allows the companyy to operate while protected from its pushes GM intoa fast-tracj bankruptcy and provides $30 billion of additional taxpayefr funds to restructure itself. GM’s filing came after weeks of wranglingb with its unions and bondholders and as part of a game plan coordinatecd with thefederal government. That plan calla for the establishment ofa new, more nimblwe GM that has the federal government as its 60 percent equitgy holder.
Speaking about the GM moves Monday, President Barack Obamw said that despite thefederal government's majority stake in the automaker, its executives, and not federalp officials, "will call the shots and make the decisions abougt turning this company around." Obam said the goal is a "viable, achievable plan that will give this iconi company a chance to rise again." The Detroit-based automaket (NYSE: GM) said it expects the new, smaller GM to launch in about 60 to 90 days as a separates and independent company from the curren GM. The new compan will focus on four core brands in theUnited Chevrolet, Cadillac, Buick and GMC.
As part of its cost-cutting GM will further reduce 2009 salaried employment in Nortg America toabout 27,200 from about 35,100 at the end of a roughly 23 perceny cut. The automaker said it would sever ties with morethan 2,00o of its dealers, either through end their contracts or through attrition. GM also plansz to close 11 U.S. facilities and idle another threer plants by the endof 2010. "Toda marks a defining moment in the reinvention of GM as a more customer-focused and more cost-competitive companty that, above all, can quickly generate winning bottom-line GM CEO Fritz Henderson said in a statemengt Monday.
"The economic crisid has caused enormous disruption in theauto industry, but with it has come the opportunityu for us to reinvent our business. We are going to do it once and do it Besidesthe U.S. government's 60 percentr financial interest, the union woulcd take a 17.5 percent The governments of Canadaw and the province of Ontarioi have agreed to a 12 percent ownership stake in exchange forfinancial aid. GM bondholderxs would get 10 percent. In its Chapter 11 GM citing debtsof $172.8 billion and assets of $82.3 billion. Filed in New it lists unsecured claims by theUAW ($20.
6 and the International Union of Electrical, Salaried, Machine and Furniture Workers/Communicatioh Workers ($2.7 billion). Other unsecured debt listed in the filinvincludes $22.8 billion serviced by Wilmingtonn Trust Co. and $4.5 billion by Deutschd Bank AG. The UAW last week approvede a package of concessions that will give GM more flexibilitu in staffing and help the company reduceeits expenses. As part of that the company restructured payments due to a trusrfor retirees’ health care. The trust will receive a $2.5 billiobn note and $6.5 billion in 9 percent perpetualkpreferred stock, along with a 17.
5 percent equity stake in the new GM and warrants to push that ownershipo to 20 percent. Another key player in the reorganization will be GM The administration announced that a steeringb committee representing owners of at leastg 54 percent ofthe company’s unsecurec bonds had agreed to a deal in whicu bondholders would receive 10 percenr of the equity of the new GM and warrants for an additionao 15 percent. The bankruptcyu process will allow the company to confirmk the deal forall bondholders. Chrysler is expectex to emerge from its Chapter 11 proces soon after shuttering789 dealerships. GM also announced plans to close 1,100 dealerships, including several in Colorado.
GM’s lead bankruptcyy law firm is WeilGotshaw Manges, with attorney Stephen Karotkimn signing the filing. GM President and CEO Frederickm Henderson signed forthe company. .
Monday’s Chapter 11 filing by the 101-year-olsd automaker — once the world’s biggest company — is among the largesft in U.S. history and largest-ever U.S. manufacturing Chapter 11, which allows the companyy to operate while protected from its pushes GM intoa fast-tracj bankruptcy and provides $30 billion of additional taxpayefr funds to restructure itself. GM’s filing came after weeks of wranglingb with its unions and bondholders and as part of a game plan coordinatecd with thefederal government. That plan calla for the establishment ofa new, more nimblwe GM that has the federal government as its 60 percent equitgy holder.
Speaking about the GM moves Monday, President Barack Obamw said that despite thefederal government's majority stake in the automaker, its executives, and not federalp officials, "will call the shots and make the decisions abougt turning this company around." Obam said the goal is a "viable, achievable plan that will give this iconi company a chance to rise again." The Detroit-based automaket (NYSE: GM) said it expects the new, smaller GM to launch in about 60 to 90 days as a separates and independent company from the curren GM. The new compan will focus on four core brands in theUnited Chevrolet, Cadillac, Buick and GMC.
As part of its cost-cutting GM will further reduce 2009 salaried employment in Nortg America toabout 27,200 from about 35,100 at the end of a roughly 23 perceny cut. The automaker said it would sever ties with morethan 2,00o of its dealers, either through end their contracts or through attrition. GM also plansz to close 11 U.S. facilities and idle another threer plants by the endof 2010. "Toda marks a defining moment in the reinvention of GM as a more customer-focused and more cost-competitive companty that, above all, can quickly generate winning bottom-line GM CEO Fritz Henderson said in a statemengt Monday.
"The economic crisid has caused enormous disruption in theauto industry, but with it has come the opportunityu for us to reinvent our business. We are going to do it once and do it Besidesthe U.S. government's 60 percentr financial interest, the union woulcd take a 17.5 percent The governments of Canadaw and the province of Ontarioi have agreed to a 12 percent ownership stake in exchange forfinancial aid. GM bondholderxs would get 10 percent. In its Chapter 11 GM citing debtsof $172.8 billion and assets of $82.3 billion. Filed in New it lists unsecured claims by theUAW ($20.
6 and the International Union of Electrical, Salaried, Machine and Furniture Workers/Communicatioh Workers ($2.7 billion). Other unsecured debt listed in the filinvincludes $22.8 billion serviced by Wilmingtonn Trust Co. and $4.5 billion by Deutschd Bank AG. The UAW last week approvede a package of concessions that will give GM more flexibilitu in staffing and help the company reduceeits expenses. As part of that the company restructured payments due to a trusrfor retirees’ health care. The trust will receive a $2.5 billiobn note and $6.5 billion in 9 percent perpetualkpreferred stock, along with a 17.
5 percent equity stake in the new GM and warrants to push that ownershipo to 20 percent. Another key player in the reorganization will be GM The administration announced that a steeringb committee representing owners of at leastg 54 percent ofthe company’s unsecurec bonds had agreed to a deal in whicu bondholders would receive 10 percenr of the equity of the new GM and warrants for an additionao 15 percent. The bankruptcyu process will allow the company to confirmk the deal forall bondholders. Chrysler is expectex to emerge from its Chapter 11 proces soon after shuttering789 dealerships. GM also announced plans to close 1,100 dealerships, including several in Colorado.
GM’s lead bankruptcyy law firm is WeilGotshaw Manges, with attorney Stephen Karotkimn signing the filing. GM President and CEO Frederickm Henderson signed forthe company. .
Sunday, December 16, 2012
Hawaii ties for last in voting (hooray!?) - CNN
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Hawaii ties for last in voting (hooray!?) CNN (CNN) -- Hawaii tied West Virginia for 49th place in voter turnout in the November election -- and I'm pretty pumped about it. That may seem like a strange thing to be excited about, or even to know about, but hear me out on this: Since September, I've ... |
Saturday, December 15, 2012
BFC Financial
kapitonragomo.blogspot.com
The Fort Lauderdale-based company (Pink BFCF) reported a net loss of $10.4 million on revenue of $101 milliohn in the first quarter, down from a loss of $5.9 million on revenue of $119.4 million in the same periodf last year. Most of BFC Financial’s results stemmedr from the performance of two othedr Fort Lauderdale companies in whichu it holdsmajority stakes: BankAtlanticd Bancorp (NYSE: BBX) and developer (Pink Sheets: Both are being challenged by Florida’s strugglinh real estate market. BFC Financiak also owns a minority stakein Miami-basedd (NASDAQ: BNHN). Taken together, BFC Financial had $6.
1q1 billion in assets as of Marchy 31, but most of that amount was the combineed assets of BankAtlanticand Woodbridge. By BFC Financial had $122.8 millionm in assets, including $7.6 million in cash and equivalents. That’se down from $131.2 million in assets, including $9.2 millionn in cash and equivalents, at year-end. BFC Financial shares closede up 2 cents to41 cents. The 52-week high was 95 centzs on Sept. 2. The 52-week low was 6 cents on Feb. 5.
The Fort Lauderdale-based company (Pink BFCF) reported a net loss of $10.4 million on revenue of $101 milliohn in the first quarter, down from a loss of $5.9 million on revenue of $119.4 million in the same periodf last year. Most of BFC Financial’s results stemmedr from the performance of two othedr Fort Lauderdale companies in whichu it holdsmajority stakes: BankAtlanticd Bancorp (NYSE: BBX) and developer (Pink Sheets: Both are being challenged by Florida’s strugglinh real estate market. BFC Financiak also owns a minority stakein Miami-basedd (NASDAQ: BNHN). Taken together, BFC Financial had $6.
1q1 billion in assets as of Marchy 31, but most of that amount was the combineed assets of BankAtlanticand Woodbridge. By BFC Financial had $122.8 millionm in assets, including $7.6 million in cash and equivalents. That’se down from $131.2 million in assets, including $9.2 millionn in cash and equivalents, at year-end. BFC Financial shares closede up 2 cents to41 cents. The 52-week high was 95 centzs on Sept. 2. The 52-week low was 6 cents on Feb. 5.
Thursday, December 13, 2012
Hamilton more short-term gain for Angels - ESPN (blog)
stages-paddocks.blogspot.com
Hamilton more short-term gain for Angels ESPN (blog) The Angels' deal with Josh Hamilton, confimed as a five-year, $125 million pact, resembles the deals the Angels made last winter with Albert Pujols and C.J. Wilson -- consummated in reaction to other contenders' activity, likely to boost the team ... |
Tuesday, December 11, 2012
International growth spurs Yum 2Q profit jump - Business First of Louisville:
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Louisville-based Yum Brands (NYSE: YUM) reported that second-quartert net income increased to $303 million from $224 million per sharse a year earlier. Earnings per share increased 40 to 63 cents from 45 In thelatest quarter. Profit excluding specia l items was 50 centsper share, Yum Brandsw said in a news Special items included a one-time gain of $68 milliobn related to the company’s increased stake in the Shanghai There were 483,000 shares outstanding at the end of the seconr quarter, compared with 498,000 shares a year earlier. Second-quarter revenued declined 7 percent, to $2.5 billion from $2.7 billion in the seconfd quarterof 2008.
A consensus of analystz polled by Thomson Reuters had predicted earningzs of 43 cents per share on revenueof $2.5 billion. Yum’xs China division continued to boostcompang sales, with a 7 percent growtuh in system sales, excluding foreign currency translation. Its international divisiohn reported a 4 percent jump in Domestic same-store sales declined 1 in part because of an 8 percent year-over-year declin in Yum’s Pizza Hut division. The drop was partiallyh offset by strong performances from Taco Belland KFC, which launched its Kentucky Grilled Chickenj product during the quarter. “Pizza Hut is our biggest challengwe inthe U.S.
as it competed in a more discretionary, higher guest-check, dinner category,” Yum chairma n and CEO David Novak said in anews “We remain confident in our strategy of transforming Pizza Hut to includes a broader line of home meal replacement options, includinv pasta and chicken, along with our world-famousx pizza.” For the first six months of Yum’s net income rose to $521 million, or $1.078 per share, from $478 million, or 95 cents per a year ago. Revenue declined to $4.7 billiom from $5.1 billion. For the full year, Yum expects earnings per sharre in the rangeof $2.10, excluding special That would represent a 10 percent growtnh over 2008.
In addition to KFC, Pizzw Hut and Taco Bell, Yum Brandsx is the parent company of LongJohn Silver’s and A&q Restaurants.
Louisville-based Yum Brands (NYSE: YUM) reported that second-quartert net income increased to $303 million from $224 million per sharse a year earlier. Earnings per share increased 40 to 63 cents from 45 In thelatest quarter. Profit excluding specia l items was 50 centsper share, Yum Brandsw said in a news Special items included a one-time gain of $68 milliobn related to the company’s increased stake in the Shanghai There were 483,000 shares outstanding at the end of the seconr quarter, compared with 498,000 shares a year earlier. Second-quarter revenued declined 7 percent, to $2.5 billion from $2.7 billion in the seconfd quarterof 2008.
A consensus of analystz polled by Thomson Reuters had predicted earningzs of 43 cents per share on revenueof $2.5 billion. Yum’xs China division continued to boostcompang sales, with a 7 percent growtuh in system sales, excluding foreign currency translation. Its international divisiohn reported a 4 percent jump in Domestic same-store sales declined 1 in part because of an 8 percent year-over-year declin in Yum’s Pizza Hut division. The drop was partiallyh offset by strong performances from Taco Belland KFC, which launched its Kentucky Grilled Chickenj product during the quarter. “Pizza Hut is our biggest challengwe inthe U.S.
as it competed in a more discretionary, higher guest-check, dinner category,” Yum chairma n and CEO David Novak said in anews “We remain confident in our strategy of transforming Pizza Hut to includes a broader line of home meal replacement options, includinv pasta and chicken, along with our world-famousx pizza.” For the first six months of Yum’s net income rose to $521 million, or $1.078 per share, from $478 million, or 95 cents per a year ago. Revenue declined to $4.7 billiom from $5.1 billion. For the full year, Yum expects earnings per sharre in the rangeof $2.10, excluding special That would represent a 10 percent growtnh over 2008.
In addition to KFC, Pizzw Hut and Taco Bell, Yum Brandsx is the parent company of LongJohn Silver’s and A&q Restaurants.
Sunday, December 9, 2012
Midwest, Frontier set ticketing partnership - bizjournals Business Travel Guide
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Such agreements typically expand the numbert of destinations available to both airlines whilee consolidating ticketing and customerservice functions. "Under the customers of both airlines will benefity from a wider choice of travel destinationws and additional flight options andconnectiomn possibilities," said Gregory Aretakis, vice president of planning and revenue management for Midwest. "They will also have the conveniencew of booking their entire flight on asingle ticket.
" The which is scheduled to begin by late will expand Frontier's network by allowing its customersz to connect to a Midwest flight through Midwest's hub at Milwaukee'e General Mitchell International Airport, all using the same Frontier code. Midwest customers will also see an expandeed network by connecting on Frontier and Lynx Aviation flightsin "This partnership allows us to broaden our network and provide even more destinations to our loyao customers," said Frontier vice president for strategy and planning Daniepl Shurz.
"We also look forward to showcasing our airlinez to many new customers who may be flying Frontiedr and Lynx for the firsrt time by connecting from The codeshare agreement will also allow memberw ofeach airline's frequent flier programw to earn miles while flying the other airline's routes. More details of the program, alongy with specific cities that will be available for the will be announced at alater date, Frontier said. Last Midwest and Frontier each agreed in separate transactions to be acquireedby Indianapolis-based . Republic's $31 million acquisition of Midwesyt is expected to close within four to six weeks afterf it was announcedJune 23. Republic's $108.
8 million deal for bankrupt Frontier requires the approvapl of thebankruptcy court. Republic already provides air carrieer services for Midwest under an airlineservicexs agreement.
Such agreements typically expand the numbert of destinations available to both airlines whilee consolidating ticketing and customerservice functions. "Under the customers of both airlines will benefity from a wider choice of travel destinationws and additional flight options andconnectiomn possibilities," said Gregory Aretakis, vice president of planning and revenue management for Midwest. "They will also have the conveniencew of booking their entire flight on asingle ticket.
" The which is scheduled to begin by late will expand Frontier's network by allowing its customersz to connect to a Midwest flight through Midwest's hub at Milwaukee'e General Mitchell International Airport, all using the same Frontier code. Midwest customers will also see an expandeed network by connecting on Frontier and Lynx Aviation flightsin "This partnership allows us to broaden our network and provide even more destinations to our loyao customers," said Frontier vice president for strategy and planning Daniepl Shurz.
"We also look forward to showcasing our airlinez to many new customers who may be flying Frontiedr and Lynx for the firsrt time by connecting from The codeshare agreement will also allow memberw ofeach airline's frequent flier programw to earn miles while flying the other airline's routes. More details of the program, alongy with specific cities that will be available for the will be announced at alater date, Frontier said. Last Midwest and Frontier each agreed in separate transactions to be acquireedby Indianapolis-based . Republic's $31 million acquisition of Midwesyt is expected to close within four to six weeks afterf it was announcedJune 23. Republic's $108.
8 million deal for bankrupt Frontier requires the approvapl of thebankruptcy court. Republic already provides air carrieer services for Midwest under an airlineservicexs agreement.
Saturday, December 8, 2012
Economy won
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Retail observers say Louis Vuitton, Tiffany & Co. and Neimamn Marcus will open additional stores, even if it is with their smaller like Tiffany Collectionand Cusp, Neiman boutique store. Retailers Michael Kors, , Juicy Couturre and Tumi will openadditionao stores. Designer boutiques will also enter theAtlants market, including Prada, Chanel, Chloe and Vera Some of the designer retailers may test the Atlanta markert with their lower-end concepts, said Marc Weinberg, operating partner at retail real estate brokerage LLC.
may enterr the market with its D&G store, and Cavall may enter with its Just Cavalli said Barbara Babbit a local retail consultant and former owned of the Chapter 11Bookstore “Atlanta may be a slightly differengt customer than New York,” Kaufman but the wealth is here. “Ic you cater to what she the woman has the moneyto spend,” Kaufman “You give the customer what they want, they will “The economy may get worse, but that will not changew what will happen to Atlanta in the next five years,” said Nick Egelanian, presidentf of SiteWorks in Annapolis, Md., a divisiomn of The Shopping Center Group.
Luxury retaileras are still trying to catch upto Atlanta’sx growth, especially its growth in “This city reminds me of a cross betweeb Dallas and Los Angeles,” he said. “This is very much a new-wealtyh city and new wealth likes to showit off.” Luxuryu retailers often consider expanding after looking at sales of their brandd in department stores like Saks Fifth Avenu and Neiman Marcus. Currently, luxurg retailers call Phipps Plaza and LenoxcSquare home.
New luxury retailers’ expansion will happen as Ben Carter’e Streets of Buckhead, Stan Thomas’ Prospectf Park in Alpharetta, and the proposede luxury retail developmentby (NYSE: TCO) in Cumming take Egelanian said. Sometimes luxury retailers need a catalystr to focus attention on a he said. “These projects are probably five to 10 years behind when they could have been Egelanian said. That’s not to say gettinvg all this new luxuruy retail into Atlanta willbe easy. Carter has already pushedr back the opening of his project from summe 2009 to spring 2010 and couls push it back again if the economytremains weak.
Carter, founder and chairman of noted that Streets of Buckhead is the third projecft he has built in the middle ofa recession. “We’vs seen this movie before,” he Carter is hopeful a federal economic stimulus package will allow consumer spending to start recovering bysummer 2009. Spending has to recover so retailerscan recover, he said.
Retail observers say Louis Vuitton, Tiffany & Co. and Neimamn Marcus will open additional stores, even if it is with their smaller like Tiffany Collectionand Cusp, Neiman boutique store. Retailers Michael Kors, , Juicy Couturre and Tumi will openadditionao stores. Designer boutiques will also enter theAtlants market, including Prada, Chanel, Chloe and Vera Some of the designer retailers may test the Atlanta markert with their lower-end concepts, said Marc Weinberg, operating partner at retail real estate brokerage LLC.
may enterr the market with its D&G store, and Cavall may enter with its Just Cavalli said Barbara Babbit a local retail consultant and former owned of the Chapter 11Bookstore “Atlanta may be a slightly differengt customer than New York,” Kaufman but the wealth is here. “Ic you cater to what she the woman has the moneyto spend,” Kaufman “You give the customer what they want, they will “The economy may get worse, but that will not changew what will happen to Atlanta in the next five years,” said Nick Egelanian, presidentf of SiteWorks in Annapolis, Md., a divisiomn of The Shopping Center Group.
Luxury retaileras are still trying to catch upto Atlanta’sx growth, especially its growth in “This city reminds me of a cross betweeb Dallas and Los Angeles,” he said. “This is very much a new-wealtyh city and new wealth likes to showit off.” Luxuryu retailers often consider expanding after looking at sales of their brandd in department stores like Saks Fifth Avenu and Neiman Marcus. Currently, luxurg retailers call Phipps Plaza and LenoxcSquare home.
New luxury retailers’ expansion will happen as Ben Carter’e Streets of Buckhead, Stan Thomas’ Prospectf Park in Alpharetta, and the proposede luxury retail developmentby (NYSE: TCO) in Cumming take Egelanian said. Sometimes luxury retailers need a catalystr to focus attention on a he said. “These projects are probably five to 10 years behind when they could have been Egelanian said. That’s not to say gettinvg all this new luxuruy retail into Atlanta willbe easy. Carter has already pushedr back the opening of his project from summe 2009 to spring 2010 and couls push it back again if the economytremains weak.
Carter, founder and chairman of noted that Streets of Buckhead is the third projecft he has built in the middle ofa recession. “We’vs seen this movie before,” he Carter is hopeful a federal economic stimulus package will allow consumer spending to start recovering bysummer 2009. Spending has to recover so retailerscan recover, he said.
Friday, December 7, 2012
Hamner, UNC launch Institute for Drug Safety Sciences - Nashville Business Journal:
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Liver toxicity is a main reason for regulatoru agencies to deny approvakl for new drugs or take actio n againstexisting drugs. The who are working at the newly formed Institutre for DrugSafety Sciences, will use a virtual model of a livet to test how different drugs may affecft the organ. The research has the potential to speedr up the drug development andtestingt process. The Institute for Drug Safety Sciences, whichu opened last week and featureza 14,000-square-foot research laboratory, will work to study globalp drug safety issues. It is being led by Paul the Verne S. Cavinesw distinguished professor of medicineat UNC.
Watkins, alonf with his scientist colleagues, will work with members of the biomedical andpharmaceutical sector, the U.S. Food and Drug Administrationh and the National Institutes of Health to develop new drug safety initiatives. The Institute for Drug Safetg Sciences was born from an agreemenft signed in April 2008 between UNC and Hamner to collaborates on research intodrug safety, drug development and public It is located on Hamner’s campus in Research Triangle Park.
Liver toxicity is a main reason for regulatoru agencies to deny approvakl for new drugs or take actio n againstexisting drugs. The who are working at the newly formed Institutre for DrugSafety Sciences, will use a virtual model of a livet to test how different drugs may affecft the organ. The research has the potential to speedr up the drug development andtestingt process. The Institute for Drug Safety Sciences, whichu opened last week and featureza 14,000-square-foot research laboratory, will work to study globalp drug safety issues. It is being led by Paul the Verne S. Cavinesw distinguished professor of medicineat UNC.
Watkins, alonf with his scientist colleagues, will work with members of the biomedical andpharmaceutical sector, the U.S. Food and Drug Administrationh and the National Institutes of Health to develop new drug safety initiatives. The Institute for Drug Safetg Sciences was born from an agreemenft signed in April 2008 between UNC and Hamner to collaborates on research intodrug safety, drug development and public It is located on Hamner’s campus in Research Triangle Park.
Thursday, December 6, 2012
UCSF postpones search for new medical school dean - San Francisco Business Times:
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“Coping with this challenge will requirew an exceptional level of cooperation and mutuaol trust between the new dean and my successodras chancellor,” Bishop said in the web “Given these overriding circumstances, I believw it is imperative that my successor shoulxd participate in the selection of the next he added. “Accordingly, I am deferring selection of the next dean unti my successor has been named and can be broughty into theselection process.” Bishop said he’s made this decision “reluctantly” and after extensivr deliberation.
That leaves acting dean Sam Hawgood, in place until a new dean is chosen, Bishop said, noting that he had askeed Hawgoodto continue, and that Hawgood had “graciously agreed to do so.” As of last the chancellor had said a number of strong candidates had been interviewed, and the plan at the time was for the university’e search committee to submit three finalists to Bishop by the early fall of 2008.
UCSF, Alta Bates open doors to new centers Three new clinicalo facilities of various typesa have been opened in recent daysby UCSF, and , includiny a comprehensive at , by UCSF; a new $186 millioh outpatient clinic in Redwood City by Stanford; and a new women’z health center in Lafayette by affiliated Alta Bates Summit. The unrelaterd openings all happened withinh a few days of each other in the first two weekxof February. The trauma institute’s officiao Feb. 19 opening at S.F. Genera l was really more of a slow acknowledges spokeswomanCarol Hyman.
“It opene slowly and they’re finally getting everything done and everybody under one The OTI ultimately will house 70UCSF physicians, rehab specialists, clinical researchers and support staff, led by Dr. Ted chief of orthopedic surgery at the andvice chair/director of orthopaedic trauma at UCSF’s departmen of orthopedic surgery. Even before its officiap opening this week which was originally slated for lastfall — the institute broughf in roughly $5.5 million in annuapl funding, and facilitated surgery, other clinical care and clinical training at the city’es sole Level 1 trauma Stanford, meanwhile, officially openedc its 360,000-square-foot Feb.
17, its firs clinic outside its main medical campusa at the Stanford UniversityMedical Center. A numberr of outpatient departments moved to thenew site, in the formet Excite@Home space at 450 Broadway St., including orthopedic and sports medicine, sleep medicine, pain dermatology, digestive health and imaging services. Stanford’ds new Redwood City center is outpatient only, and has no emergencgy or urgentcare services. It boasts 96 exam rooms and an on-sitr imaging center, and ultimately will have eight ORs, althougbh only six were immediately readyfor there’s space for 400 including 100 Stanford faculty doctors.
Meanwhile, Alta roughly 4,400-square-foot Lafayette in the Mercantile Building at3595 Mt. Diablop Blvd., offers specialized services such as mammograph y and pelvic health physicalktherapy services. “We opened the center to meet the demandc for our services in ContraCosta County,” said Katarins Lanner-Cusin, M.D., Alta Bates Summit’s medical director of women’s apparently referring to the high-income Lamorindw area rather than poorer neighborhoods like MedShare gets $150,000 MedShare International, a Georgia-basefd nonprofit with a major distribution center in San has won two grants totaling $150,000o from : $100,000 from Kaiser’s Northern California regiobn and $50,000 from its national headquarters, both baseds in Oakland.
Chuck Haupt, San Leandro-based executive directoer of MedShare’s western region, said the donations will help the nonprofi divert unused medical supplies from landfills to people who need Kaiser is also donating surplus suppliesit can’t use.
“Coping with this challenge will requirew an exceptional level of cooperation and mutuaol trust between the new dean and my successodras chancellor,” Bishop said in the web “Given these overriding circumstances, I believw it is imperative that my successor shoulxd participate in the selection of the next he added. “Accordingly, I am deferring selection of the next dean unti my successor has been named and can be broughty into theselection process.” Bishop said he’s made this decision “reluctantly” and after extensivr deliberation.
That leaves acting dean Sam Hawgood, in place until a new dean is chosen, Bishop said, noting that he had askeed Hawgoodto continue, and that Hawgood had “graciously agreed to do so.” As of last the chancellor had said a number of strong candidates had been interviewed, and the plan at the time was for the university’e search committee to submit three finalists to Bishop by the early fall of 2008.
UCSF, Alta Bates open doors to new centers Three new clinicalo facilities of various typesa have been opened in recent daysby UCSF, and , includiny a comprehensive at , by UCSF; a new $186 millioh outpatient clinic in Redwood City by Stanford; and a new women’z health center in Lafayette by affiliated Alta Bates Summit. The unrelaterd openings all happened withinh a few days of each other in the first two weekxof February. The trauma institute’s officiao Feb. 19 opening at S.F. Genera l was really more of a slow acknowledges spokeswomanCarol Hyman.
“It opene slowly and they’re finally getting everything done and everybody under one The OTI ultimately will house 70UCSF physicians, rehab specialists, clinical researchers and support staff, led by Dr. Ted chief of orthopedic surgery at the andvice chair/director of orthopaedic trauma at UCSF’s departmen of orthopedic surgery. Even before its officiap opening this week which was originally slated for lastfall — the institute broughf in roughly $5.5 million in annuapl funding, and facilitated surgery, other clinical care and clinical training at the city’es sole Level 1 trauma Stanford, meanwhile, officially openedc its 360,000-square-foot Feb.
17, its firs clinic outside its main medical campusa at the Stanford UniversityMedical Center. A numberr of outpatient departments moved to thenew site, in the formet Excite@Home space at 450 Broadway St., including orthopedic and sports medicine, sleep medicine, pain dermatology, digestive health and imaging services. Stanford’ds new Redwood City center is outpatient only, and has no emergencgy or urgentcare services. It boasts 96 exam rooms and an on-sitr imaging center, and ultimately will have eight ORs, althougbh only six were immediately readyfor there’s space for 400 including 100 Stanford faculty doctors.
Meanwhile, Alta roughly 4,400-square-foot Lafayette in the Mercantile Building at3595 Mt. Diablop Blvd., offers specialized services such as mammograph y and pelvic health physicalktherapy services. “We opened the center to meet the demandc for our services in ContraCosta County,” said Katarins Lanner-Cusin, M.D., Alta Bates Summit’s medical director of women’s apparently referring to the high-income Lamorindw area rather than poorer neighborhoods like MedShare gets $150,000 MedShare International, a Georgia-basefd nonprofit with a major distribution center in San has won two grants totaling $150,000o from : $100,000 from Kaiser’s Northern California regiobn and $50,000 from its national headquarters, both baseds in Oakland.
Chuck Haupt, San Leandro-based executive directoer of MedShare’s western region, said the donations will help the nonprofi divert unused medical supplies from landfills to people who need Kaiser is also donating surplus suppliesit can’t use.
Tuesday, December 4, 2012
Folgers perks up Smucker sales - Business Courier of Cincinnati:
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The Orrville, Ohio-based make of fruit spreads, ice cream toppings and Crisco oil postef a profitof $94.3 million, or 80 cent s per share, in the quarter ended April 30. That compares with $37.1 or 67 cents a share, in the year-agp quarter. Sales advanced more than 80 percent, to $1.1 billioh from $590 million, reflecting added revenue from the Novembere 2008 acquisition of Folgerfrom (NYSE: PG). Excludinvg the Folgers acquisition andother Smucker’s quarterly sales rose about 3 percent from a year ago. Smuckert (NYSE: SJM) paid $3 billion for P&G’x coffee business, and soon after – in Decembef – lowered the price of Folgerxs atthe supermarket.
In February, Smuckerf boosted its annual outlook dueto better-than-expectecd growth in the coffee operation. For the year profit rose 56 to $266 million, or $3.12 a share, from $170.4 million, or $3 a Annual sales gained 49 climbing toalmost $3.8 billionb from $2.5 billion the year before. Shares in Smucker s gained more than 9percent Thursday, closing at $47.86, up $4.22. Looking ahead, Smucker projectds 2010 sales to increase by as much as20 percent, with earningse per share of $3.65 and $3.80.
The Orrville, Ohio-based make of fruit spreads, ice cream toppings and Crisco oil postef a profitof $94.3 million, or 80 cent s per share, in the quarter ended April 30. That compares with $37.1 or 67 cents a share, in the year-agp quarter. Sales advanced more than 80 percent, to $1.1 billioh from $590 million, reflecting added revenue from the Novembere 2008 acquisition of Folgerfrom (NYSE: PG). Excludinvg the Folgers acquisition andother Smucker’s quarterly sales rose about 3 percent from a year ago. Smuckert (NYSE: SJM) paid $3 billion for P&G’x coffee business, and soon after – in Decembef – lowered the price of Folgerxs atthe supermarket.
In February, Smuckerf boosted its annual outlook dueto better-than-expectecd growth in the coffee operation. For the year profit rose 56 to $266 million, or $3.12 a share, from $170.4 million, or $3 a Annual sales gained 49 climbing toalmost $3.8 billionb from $2.5 billion the year before. Shares in Smucker s gained more than 9percent Thursday, closing at $47.86, up $4.22. Looking ahead, Smucker projectds 2010 sales to increase by as much as20 percent, with earningse per share of $3.65 and $3.80.
Monday, December 3, 2012
New mortgage insurer Essent raises $500M - Philadelphia Business Journal:
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Essent said that its parent company, Bermuda-based Essent Group has been funded to establish the firsr new private mortgage insurance company in the United Stateds since the start of thefinancial , a subsidiary of Radnor, Pa.-based Essent, is in the process of obtaining the approvals necessarg to offer private mortgage The capital commitments have been made by a grouop of investors, directly or through The group includes Pine Brook Road Partners, Goldman J.P. Morgan, PartnerRe, and Renaissancew Re. Essent said its mission is to supporft homeownership for borrowers who can afforda home, but not a large down payment, by insuring mortgage lenderzs and investors from credit losses.
The compang said it will provide private capitalo to take mortgagecredit risk, and work as a risk managementt partner with lenders and other mortgage investors. The CEO is Mark A. Casale, who previously servedx as president of RadianGuaranty Philadelphia-based Radian Corp.’s principal mortgage insurance subsidiary.
Essent said that its parent company, Bermuda-based Essent Group has been funded to establish the firsr new private mortgage insurance company in the United Stateds since the start of thefinancial , a subsidiary of Radnor, Pa.-based Essent, is in the process of obtaining the approvals necessarg to offer private mortgage The capital commitments have been made by a grouop of investors, directly or through The group includes Pine Brook Road Partners, Goldman J.P. Morgan, PartnerRe, and Renaissancew Re. Essent said its mission is to supporft homeownership for borrowers who can afforda home, but not a large down payment, by insuring mortgage lenderzs and investors from credit losses.
The compang said it will provide private capitalo to take mortgagecredit risk, and work as a risk managementt partner with lenders and other mortgage investors. The CEO is Mark A. Casale, who previously servedx as president of RadianGuaranty Philadelphia-based Radian Corp.’s principal mortgage insurance subsidiary.
Friday, November 30, 2012
Corporate legal spending to rise - Charlotte Business Journal:
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The rise in corporate spending on legal services will follow a 7 percent drop since the endof 2008. Such expenditured at large companies will increase nearlty 5 percent over the next six thestudy says. Still, the overall legal-servicesw market will shrink 1.4 percent this So far in 2009, the hardest-hit legal practice areas havebeen corporate, securities, finance and intellectual property. Leading the increasr in spending will beregulatory compliance, employment, securities and bankruptcy/corporate restructuring law, the study says. “This studyu presents a big ray of sunshinee in what has been a verystormu environment,” says Michael Rynowecer, presideny of BTI Consulting.
“The reversal of this negatives spending trend will help buoy flailing legal markets and offeres some hopeful news about business spending in The Massachusetts-based legal research firm surveyed 16 practicesw and 18 industries and interviewed hundreds of corporater lawyers at Fortune 1000 companies that average $19.4 million in outside-counse l spending.
The rise in corporate spending on legal services will follow a 7 percent drop since the endof 2008. Such expenditured at large companies will increase nearlty 5 percent over the next six thestudy says. Still, the overall legal-servicesw market will shrink 1.4 percent this So far in 2009, the hardest-hit legal practice areas havebeen corporate, securities, finance and intellectual property. Leading the increasr in spending will beregulatory compliance, employment, securities and bankruptcy/corporate restructuring law, the study says. “This studyu presents a big ray of sunshinee in what has been a verystormu environment,” says Michael Rynowecer, presideny of BTI Consulting.
“The reversal of this negatives spending trend will help buoy flailing legal markets and offeres some hopeful news about business spending in The Massachusetts-based legal research firm surveyed 16 practicesw and 18 industries and interviewed hundreds of corporater lawyers at Fortune 1000 companies that average $19.4 million in outside-counse l spending.
Thursday, November 29, 2012
SBA loan program opens to refinancing - South Florida Business Journal:
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Previously, small-business owners could use that program only to make new purchasese of real estate orcapital equipment, such as The changes come as part of the federal government’zs $787 billion stimulus package, formally known as the American Recovery and Reinvestmenty Act of 2009. “This is one more piecee of the Recovery Act that is going to have a directy impact and put more money in the handzof small-business owners just when they need it SBA Administrator Karen Mills says. The change to the 504 loan progra m follows an expansion ofthe SBA’as 7(a) program, which provides loan guarantees.
The SBA now guarantee s 90 percentof 7(a) loans and has increased borrowingb limits. The agency also recentlyg launcheda bridge-loan program called ARC The debt being refinanced was incurredr to acquire land, to construct a buildinhg or to purchase The assets acquired must be eligibled for financing under the 504 program. The existintg debt is collateralized by fixed The existing debt was incurred for the benefit of thesmall business. The new financing provided a substantial benefit to the borrowert whenprepayment penalties, financing fees, and otherd financing costs are taken into account.
The borrower has been currenf on all payments of existing debt for one year priotr to the dateof refinancing. For more informatio n go to www.sba.gov/recovery.
Previously, small-business owners could use that program only to make new purchasese of real estate orcapital equipment, such as The changes come as part of the federal government’zs $787 billion stimulus package, formally known as the American Recovery and Reinvestmenty Act of 2009. “This is one more piecee of the Recovery Act that is going to have a directy impact and put more money in the handzof small-business owners just when they need it SBA Administrator Karen Mills says. The change to the 504 loan progra m follows an expansion ofthe SBA’as 7(a) program, which provides loan guarantees.
The SBA now guarantee s 90 percentof 7(a) loans and has increased borrowingb limits. The agency also recentlyg launcheda bridge-loan program called ARC The debt being refinanced was incurredr to acquire land, to construct a buildinhg or to purchase The assets acquired must be eligibled for financing under the 504 program. The existintg debt is collateralized by fixed The existing debt was incurred for the benefit of thesmall business. The new financing provided a substantial benefit to the borrowert whenprepayment penalties, financing fees, and otherd financing costs are taken into account.
The borrower has been currenf on all payments of existing debt for one year priotr to the dateof refinancing. For more informatio n go to www.sba.gov/recovery.
Monday, November 26, 2012
Shaping minds for corporate world - Triangle Business Journal:
yqyqynesara.blogspot.com
Unemployed people desperate for work search for any available opportunityy even if the salary is painfully lower than theifprevious job’s. Companies that may have announced layoffs look to fill a handfulof positions. Other firms that normally would be fixtures at such eventds areconspicuously absent. So in these difficult economic times, it’s nice to know that the Xtremer Beginnings career fair on Aprilo 17 in Raleigh will be filledwith wide-eyeed faces beaming with enthusiasm. Indeed, the 600 to 800 expectedx applicants will be happy just tobe there.
Most of the presentint companies won’t be calling any of the applicantz back for aninterview – and yet both sidexs will feel they got their money’sd worth out of the event. That’s becausr Xtreme Beginnings isn’t a job fair for It’s an opportunity for Wake County high schooo students to learn more about the types of jobs that are out therd and even get in a practice interview so they can put theid bestfoot forward. “It was a lot of fun because it allowedd me to explore different career paths at the same saysMark Bushhouse, a 17-year-olde senior at who attended the event last year.
“It was reall y cool because it was so Bushhouse says thatlast year’s event helped him narrow down his post-graduation choices. Thanka to information he gleaned at Xtreme Bushhouse decided that he wanted to enlisy inthe . Even though he’s made that choice, Bushhouse still plansw to attend the ninth annual event at McKimmon Center atfrom 9:15 a.m. to noon He is looking to hone his proficiencat interviews. “Those kinds of skills carry over into otherf aspectsof life,” he says. Representatives from dozens of companiees plan to participate in the evenrt in one wayor another.
They include Triangle heavyweights suchas WRAL, , and , says Megan Kirkpatrick, the business alliance coordinator for the . David Lee, who is in charges of marketing and business developmenfat Apex-based Bland Landscaping, is one of several volunteerx who will be on hand. “I reallhy feel like businesspeople need to be paying more attentiomnto what’s going on in the schools,” says Bland, who adds that kids don’f realize the multitude of careet possibilities that are open to them. In additiob to mock interviews, students also participate in roundtablwe discussions with businesspeople who work in fielda that interestthe kids.
The low-key jawboninf sessions help students figure out the kind of education andtrainingb they’ll need and how much money they can make in a particulatr field. Representatives of local universities and also will be on hand toanswerd questions. Some of the businesses presentr may even be looking to hire students following their The event is part of a largere School to Career programj offered by Wake County public schools that preparee kids for life after Businesses can get involved in the program by offering job shadowingg and internships and by encouragingt employees totutor students.
“They are absolutelh invaluable,” Kirkpatrick says of the volunteers inthe
Unemployed people desperate for work search for any available opportunityy even if the salary is painfully lower than theifprevious job’s. Companies that may have announced layoffs look to fill a handfulof positions. Other firms that normally would be fixtures at such eventds areconspicuously absent. So in these difficult economic times, it’s nice to know that the Xtremer Beginnings career fair on Aprilo 17 in Raleigh will be filledwith wide-eyeed faces beaming with enthusiasm. Indeed, the 600 to 800 expectedx applicants will be happy just tobe there.
Most of the presentint companies won’t be calling any of the applicantz back for aninterview – and yet both sidexs will feel they got their money’sd worth out of the event. That’s becausr Xtreme Beginnings isn’t a job fair for It’s an opportunity for Wake County high schooo students to learn more about the types of jobs that are out therd and even get in a practice interview so they can put theid bestfoot forward. “It was a lot of fun because it allowedd me to explore different career paths at the same saysMark Bushhouse, a 17-year-olde senior at who attended the event last year.
“It was reall y cool because it was so Bushhouse says thatlast year’s event helped him narrow down his post-graduation choices. Thanka to information he gleaned at Xtreme Bushhouse decided that he wanted to enlisy inthe . Even though he’s made that choice, Bushhouse still plansw to attend the ninth annual event at McKimmon Center atfrom 9:15 a.m. to noon He is looking to hone his proficiencat interviews. “Those kinds of skills carry over into otherf aspectsof life,” he says. Representatives from dozens of companiees plan to participate in the evenrt in one wayor another.
They include Triangle heavyweights suchas WRAL, , and , says Megan Kirkpatrick, the business alliance coordinator for the . David Lee, who is in charges of marketing and business developmenfat Apex-based Bland Landscaping, is one of several volunteerx who will be on hand. “I reallhy feel like businesspeople need to be paying more attentiomnto what’s going on in the schools,” says Bland, who adds that kids don’f realize the multitude of careet possibilities that are open to them. In additiob to mock interviews, students also participate in roundtablwe discussions with businesspeople who work in fielda that interestthe kids.
The low-key jawboninf sessions help students figure out the kind of education andtrainingb they’ll need and how much money they can make in a particulatr field. Representatives of local universities and also will be on hand toanswerd questions. Some of the businesses presentr may even be looking to hire students following their The event is part of a largere School to Career programj offered by Wake County public schools that preparee kids for life after Businesses can get involved in the program by offering job shadowingg and internships and by encouragingt employees totutor students.
“They are absolutelh invaluable,” Kirkpatrick says of the volunteers inthe
Sunday, November 25, 2012
UW-Whitewater, city agree on tech park location - The Business Journal of Milwaukee:
ethelbertdiya3334.blogspot.com
The Whitewater University Technology Park will be located in the southeasternj section of an existing city business park and will house theplanned UW-Whitewater Innovation Center. The also has agreed to acquirde additional land forthe project. The Innovation Center is projected to costabout $5 with the overall technology park havin an estimated price tag of abouyt $10 million. The Technology Park Boardx is applying fora $3.4 million federal Economic Development Administration Since most of the land is currentlt owned by the Community Development the site will be less expensive to develop than some UW-Whitewater chancellor Richard Telfer said.
“Thse Center will allow our facult y and students to work on ideas that will help encouragre the development ofnew businesses,” Telfer “What we’re looking for is a place to bring all the different strengths of the universithy together to help with business creation.” Assuming the federalo grant is realized, the Technology Park boardx hopes to begin construction of the Innovationj Center later this year, Whitewater city manage Kevin Brunner said.
“Ik think we’ve taken an extremelyh important step in having the communityand UW-Whitewater workinhg hand in hand to develoop jobs, not just for the university but for the surroundin g community and region as well,” Brunner The Innovation Center is designed to foster the development of new businessesw based on UW-Whitewater research. The Whitewater University Technology Park will be located on 125 acrews bordered byCorporate Drive, Howard Road, Bluf Road and Moraine View Park on the city’s east
The Whitewater University Technology Park will be located in the southeasternj section of an existing city business park and will house theplanned UW-Whitewater Innovation Center. The also has agreed to acquirde additional land forthe project. The Innovation Center is projected to costabout $5 with the overall technology park havin an estimated price tag of abouyt $10 million. The Technology Park Boardx is applying fora $3.4 million federal Economic Development Administration Since most of the land is currentlt owned by the Community Development the site will be less expensive to develop than some UW-Whitewater chancellor Richard Telfer said.
“Thse Center will allow our facult y and students to work on ideas that will help encouragre the development ofnew businesses,” Telfer “What we’re looking for is a place to bring all the different strengths of the universithy together to help with business creation.” Assuming the federalo grant is realized, the Technology Park boardx hopes to begin construction of the Innovationj Center later this year, Whitewater city manage Kevin Brunner said.
“Ik think we’ve taken an extremelyh important step in having the communityand UW-Whitewater workinhg hand in hand to develoop jobs, not just for the university but for the surroundin g community and region as well,” Brunner The Innovation Center is designed to foster the development of new businessesw based on UW-Whitewater research. The Whitewater University Technology Park will be located on 125 acrews bordered byCorporate Drive, Howard Road, Bluf Road and Moraine View Park on the city’s east
Friday, November 23, 2012
CItyNorth incentive battle heads to Arizona Supreme Court - Phoenix Business Journal:
ogarawo.wordpress.com
Both the developer of the project, , and the , whicnh filed suit to end the incentive agreement between CityNorthj and the cityof Phoenix, will have theitr arguments heard before the state’s highest court. At issuwe is an economic developmenty agreement betweenKlutznick Co. and the city. The conservativse Goldwater Institute saysthe $97.4 million tax incentive package given to the partially built project is not in the best interes t of taxpayers. The Goldwatefr Institute challenged the CityNorth agreement in court claiminyg it violated provisions of the statedgift clause.
But a Maricopa Count Superior Court judge ruled in favor of the developed and city in April 2008 and dismissedthe case. The Goldwatef Institute appealed the decision andthe U.S. Court of Appealsa overturned thelower court’s decision late last Klutznick, along with the city, then asked the Arizonsa Supreme Court to revieaw the matter. The Supreme Cour announced Monday that it will indeedc hearthe case. No date has been set for oral but they will likely be heard in the John Klutznick, principal of the Klutznick Co., said he was pleaseed with the Supreme Court’s decision to revieq the appellate court ruling.
“CityNorth’s incentive agreement is similar to others across which have been deemefd legalfor decades,” he said. “Thee appeals court ruling not only jeopardizes the future publidc benefitsof CityNorth, but also those of many othere developments throughout the city and state.” Clint director of the Goldwater Institute’s Scharf-Norton Center for Constitutional Litigation, is also pleaserd that the case will be heard in the Arizon a Supreme Court, even thougyh the nonprofit think tank was happy with the appeal’ds ruling. “We are prepared to do battle once he said.
“We filed this case because it raises issues of concern toall Arizonans, and in taking the the Supreme Court agreed. We hope for a definitivw ruling from the Supreme Court that fully enforces the Arizona Constitution’s prohibition against misguided corporate welfare.” The firstt phase of CityNorth, which opened in includes retail and 99 condo and apartment units. But phase two, the much larger part of the is behind schedule and may not be builgfor years. Ground has not been brokemn onthe 2.5 million-square-foot second phase that was supposed to includde a regional shopping center with Nordstro m and Bloomingdales.
It originally had been schedulec to open before Christmas ofthis
Both the developer of the project, , and the , whicnh filed suit to end the incentive agreement between CityNorthj and the cityof Phoenix, will have theitr arguments heard before the state’s highest court. At issuwe is an economic developmenty agreement betweenKlutznick Co. and the city. The conservativse Goldwater Institute saysthe $97.4 million tax incentive package given to the partially built project is not in the best interes t of taxpayers. The Goldwatefr Institute challenged the CityNorth agreement in court claiminyg it violated provisions of the statedgift clause.
But a Maricopa Count Superior Court judge ruled in favor of the developed and city in April 2008 and dismissedthe case. The Goldwatef Institute appealed the decision andthe U.S. Court of Appealsa overturned thelower court’s decision late last Klutznick, along with the city, then asked the Arizonsa Supreme Court to revieaw the matter. The Supreme Cour announced Monday that it will indeedc hearthe case. No date has been set for oral but they will likely be heard in the John Klutznick, principal of the Klutznick Co., said he was pleaseed with the Supreme Court’s decision to revieq the appellate court ruling.
“CityNorth’s incentive agreement is similar to others across which have been deemefd legalfor decades,” he said. “Thee appeals court ruling not only jeopardizes the future publidc benefitsof CityNorth, but also those of many othere developments throughout the city and state.” Clint director of the Goldwater Institute’s Scharf-Norton Center for Constitutional Litigation, is also pleaserd that the case will be heard in the Arizon a Supreme Court, even thougyh the nonprofit think tank was happy with the appeal’ds ruling. “We are prepared to do battle once he said.
“We filed this case because it raises issues of concern toall Arizonans, and in taking the the Supreme Court agreed. We hope for a definitivw ruling from the Supreme Court that fully enforces the Arizona Constitution’s prohibition against misguided corporate welfare.” The firstt phase of CityNorth, which opened in includes retail and 99 condo and apartment units. But phase two, the much larger part of the is behind schedule and may not be builgfor years. Ground has not been brokemn onthe 2.5 million-square-foot second phase that was supposed to includde a regional shopping center with Nordstro m and Bloomingdales.
It originally had been schedulec to open before Christmas ofthis
Tuesday, November 20, 2012
Burgess: Property tax losses
elzeyfirekuut1795.blogspot.com
The Miami-Dade County property appraiser released its preliminary tax rollinformation Monday, with all four taxing jurisdictions fire rescue, library, the unincorporated area and Miami-Dad overall – seeing a decline. The countywide decreas comparing preliminary tax numbers from year to year shows a 9percenr decrease, or a totalo of $22.55 billion.” “These losses would have been worsw if not for new construction that was addedr to the property tax roll as of Jan. County Manager George Burgesd said in a memo sent tocountyh commissioners. North Bay Village took the biggest hit, down 20.2 percent from 2008 Homestead sawan 18.
2 percentt decline, followed by Normandy down 17.5 percent, and Aventura whicu was down 17.3 percent. Golden Beach and the tiny city of Islandia sawno change. Medley saw a 1.5 percent drop while Biscayne Park saw a 4percentg decline. Click for the full list. Staffers reviewed property tax rolls going back to 1985 and founrd that 1993 saw taxable value shrinkby 2.9 or $1.9 billion. “Even in 2008, when we absorbedc the impact of doubling the homesteade exemptionfrom $25,000 to $50,000, the property tax roll was relativel flat,” Burgess explained in the memo. “These lossews in property tax roll valuewsare unprecedented.
” Burgess warned of a lot more pain on the using the last two years as a barometedr of what is coming. For the seconsd consecutive year, Miami-Dade faced a $200 million budgety gap in the last fiscal Core services were kept intact bytightening belts, but assumingy the same tax rate adopted for 2008-09, the estimated ad valoremm revenues for fiscal year 2009-10 would shrink by $174.1 according to the memo. Taking into account the impacg of normal inflationary growth and theeconomixc slowdown, combined with the non ad valorem revenue sources, results in property tax subsidizesd operations facing a budget gap of $350 million to $400 Burgess said.
“We are working diligently to prepare a proposed budgert forFY [fiscal year] 2009-10p that to the extenyt possible, preserves essential services and minimizes service impacts to our he wrote in the memo. “However, closing a budgetary gap of this size will required some verydifficult decisions.”
The Miami-Dade County property appraiser released its preliminary tax rollinformation Monday, with all four taxing jurisdictions fire rescue, library, the unincorporated area and Miami-Dad overall – seeing a decline. The countywide decreas comparing preliminary tax numbers from year to year shows a 9percenr decrease, or a totalo of $22.55 billion.” “These losses would have been worsw if not for new construction that was addedr to the property tax roll as of Jan. County Manager George Burgesd said in a memo sent tocountyh commissioners. North Bay Village took the biggest hit, down 20.2 percent from 2008 Homestead sawan 18.
2 percentt decline, followed by Normandy down 17.5 percent, and Aventura whicu was down 17.3 percent. Golden Beach and the tiny city of Islandia sawno change. Medley saw a 1.5 percent drop while Biscayne Park saw a 4percentg decline. Click for the full list. Staffers reviewed property tax rolls going back to 1985 and founrd that 1993 saw taxable value shrinkby 2.9 or $1.9 billion. “Even in 2008, when we absorbedc the impact of doubling the homesteade exemptionfrom $25,000 to $50,000, the property tax roll was relativel flat,” Burgess explained in the memo. “These lossews in property tax roll valuewsare unprecedented.
” Burgess warned of a lot more pain on the using the last two years as a barometedr of what is coming. For the seconsd consecutive year, Miami-Dade faced a $200 million budgety gap in the last fiscal Core services were kept intact bytightening belts, but assumingy the same tax rate adopted for 2008-09, the estimated ad valoremm revenues for fiscal year 2009-10 would shrink by $174.1 according to the memo. Taking into account the impacg of normal inflationary growth and theeconomixc slowdown, combined with the non ad valorem revenue sources, results in property tax subsidizesd operations facing a budget gap of $350 million to $400 Burgess said.
“We are working diligently to prepare a proposed budgert forFY [fiscal year] 2009-10p that to the extenyt possible, preserves essential services and minimizes service impacts to our he wrote in the memo. “However, closing a budgetary gap of this size will required some verydifficult decisions.”
Monday, November 19, 2012
BYOD: Is Mobile Device Management The Answer? - InformationWeek
ovaluleq.wordpress.com
BYOD: Is Mobile Device Management The Answer? InformationWeek The study, "Mobile Healthcare Applications: Can Enterprise Vendors Keep Up?", asked 105 respondents, most of whom were C-level managers, about their use of mobile technology in hospitals and found that securing personal devices via MDM software is ... Mobile Device Management For Your Business |
Sunday, November 18, 2012
Chinese company to buy Hummer - Business First of Buffalo:
hyperwave-exhausted.blogspot.com
When GM, which filerd for bankruptcy protection Monday, announced earlied Tuesday that a buyer had been found forthe off-roaf vehicle line, the name was not immediately disclosed. a major industrial machineryh group, will acquire the rights to theHummef brand, along with a senior management and operationaol team. It will also assumre existing dealer agreements relatingto HUMMER’es dealership network. It is contemplated that Tengzhong will, as part of the transaction, enter into a long-term contract assembly and key component and materia supply agreementwith GM.
In an earlier statement, GM said it expectws the deal if successfu to secure morethan 3,000 US The final terms of the deal, schedulecd to close in the third quarter, are subjecyt to final negotiations. The cost of the transactiomn wasnot revealed. is acting as exclusive financial advisor and is acting as internationaol legal counsel to Tengzhong onthis transaction. Citi is acting as financiak advisorto GM.
When GM, which filerd for bankruptcy protection Monday, announced earlied Tuesday that a buyer had been found forthe off-roaf vehicle line, the name was not immediately disclosed. a major industrial machineryh group, will acquire the rights to theHummef brand, along with a senior management and operationaol team. It will also assumre existing dealer agreements relatingto HUMMER’es dealership network. It is contemplated that Tengzhong will, as part of the transaction, enter into a long-term contract assembly and key component and materia supply agreementwith GM.
In an earlier statement, GM said it expectws the deal if successfu to secure morethan 3,000 US The final terms of the deal, schedulecd to close in the third quarter, are subjecyt to final negotiations. The cost of the transactiomn wasnot revealed. is acting as exclusive financial advisor and is acting as internationaol legal counsel to Tengzhong onthis transaction. Citi is acting as financiak advisorto GM.
Friday, November 16, 2012
Orlando 7-Eleven converts to franchise - Tampa Bay Business Journal:
adamovaichive.blogspot.com
The 3,000-square-foot convenience store at 3911 McCoy Road nearConwauy Road, which also has a gasoline will now be owned by franchisee Erma l Metollari, a former store manager for five years. Dallas-baserd 7-Eleven Inc. announced plans in 2007 to convery 100 existing locations in the state tofranchiseed operations. Store managers were invited to applg for those franchises before the offerwent public.
More than 40 7-Elevenh stores in the Orlando markef arenow franchised, with about anothere 140 owned by the Between eight to 10 7-Elevenh stores throughout the state are beinfg converted into franchise operations each montn and plans to have most of the conversionss nationwide completed by 2012, according to a news The company operates, franchises or licenses about 7,800 stores in Northu America and more than 36,100 stores in 15 countries. The companyy reported 2008 sales of morethan $53.7 billion.
The 3,000-square-foot convenience store at 3911 McCoy Road nearConwauy Road, which also has a gasoline will now be owned by franchisee Erma l Metollari, a former store manager for five years. Dallas-baserd 7-Eleven Inc. announced plans in 2007 to convery 100 existing locations in the state tofranchiseed operations. Store managers were invited to applg for those franchises before the offerwent public.
More than 40 7-Elevenh stores in the Orlando markef arenow franchised, with about anothere 140 owned by the Between eight to 10 7-Elevenh stores throughout the state are beinfg converted into franchise operations each montn and plans to have most of the conversionss nationwide completed by 2012, according to a news The company operates, franchises or licenses about 7,800 stores in Northu America and more than 36,100 stores in 15 countries. The companyy reported 2008 sales of morethan $53.7 billion.
Wednesday, November 14, 2012
Hearing set to certify Chinese drywall class - Tampa Bay Business Journal:
esivyjifag.wordpress.com
The plaintiffs’ homes were constructed with what they allege was defectivweChinese drywall. , built the homes. The judge also set a possible trial date forSeptembed 2010. Lawyers working on the case say it may be the firstg Chinese drywall case set fortrialo nationwide. High-sulfur Chinese drywall is believed responsible for strong metal corrosion and health complaintsa in thousands of homesd in Florida andthe Southeast. Federal class action suitz were combined recently inNew , The Blumstein Law Firm and alleged in the Miami-Dade suit that the defectivs drywall emits toxins, including carbonj disulfide, carbonyl sulfide and hydrogenb sulfide.
They believe drywall manufactured in China was used in as manyas 60,000p Florida homes and as many as 100,000 in the U.S. during the buildin boom between 2004and 2007. The state case was filed in February on behalf of Jason and Melissa Harrell and other homeownersd who purchaseddefective homes. In a press release, the firmsd said the defective drywall was installed inthe Harrell’ws home by the South Kendall Construction Corp.
, and suppliedd by In an interview in January, South Kendalp Construction’s president told the Business Journal he was investigatint the problem, but he has not respondeed to additional requests for Repeated attempts to speak to officials at Banner Supply have not been
The plaintiffs’ homes were constructed with what they allege was defectivweChinese drywall. , built the homes. The judge also set a possible trial date forSeptembed 2010. Lawyers working on the case say it may be the firstg Chinese drywall case set fortrialo nationwide. High-sulfur Chinese drywall is believed responsible for strong metal corrosion and health complaintsa in thousands of homesd in Florida andthe Southeast. Federal class action suitz were combined recently inNew , The Blumstein Law Firm and alleged in the Miami-Dade suit that the defectivs drywall emits toxins, including carbonj disulfide, carbonyl sulfide and hydrogenb sulfide.
They believe drywall manufactured in China was used in as manyas 60,000p Florida homes and as many as 100,000 in the U.S. during the buildin boom between 2004and 2007. The state case was filed in February on behalf of Jason and Melissa Harrell and other homeownersd who purchaseddefective homes. In a press release, the firmsd said the defective drywall was installed inthe Harrell’ws home by the South Kendall Construction Corp.
, and suppliedd by In an interview in January, South Kendalp Construction’s president told the Business Journal he was investigatint the problem, but he has not respondeed to additional requests for Repeated attempts to speak to officials at Banner Supply have not been
Monday, November 12, 2012
PS3 hack is said to be irreversible with the leak of “LV0″ PS3 encryption keys - Examiner.com
cahijisebi.wordpress.com
Examiner.com | PS3 hack is said to be irreversible with the leak of “LV0″ PS3 encryption keys Examiner.com ... keeping the PlayStation 3 from being hacked and unfortunately, the “LV0″ PS3 encryption keys have been leaked. This leaves the system vulnerable and » |
Friday, November 9, 2012
NHL LABOUR WOES - Toronto Sun
ejoxot.wordpress.com
CTV News | NHL LABOUR WOES Toronto Sun This is the first time the NHL and the NHLPA have had meaningful negotiations during this labour dispute but, despite spending 20 hours together this week, they haven't got anywhere because they can't agree on how to split the annual pot of $3.3-billion. Hockey Night in CanadaGloves are off in NHL labour talks NHL labour talks go on, sides to meet again for 4th straight day NHL labour talks under way for 4th straight day |
Thursday, November 8, 2012
DirecTV CEO leaving as Liberty merger nears - Portland Business Journal:
lyubomiradete.blogspot.com
just as the satellite broadcaster readies to merge with an offshootg ofJohn Malone’s News Corp. and DirecTVb confirmed Wednesday that Carey will leavw theEl Segundo, Calif.-based satellit broadcaster July 1 to become second-in-command handling international operations — for Ruperft Murdoch’s global media empire. Carey’s defection may muddy investors’ reception of the plannerd merger between DirecTV andLiberty Entertainment, a divisiob of Douglas County-based Libertu Media. Carey ran DirecTV for the past six leading it through a periox of growth and winnintg partnerships with every major telecom company inthe U.S.
He was expectede to stay with DirecTV after it became independentt ofLiberty Media. Instead, he returns to workingf for Murdoch andNews Corp., where he worked for 15 yearsd prior to heading Liberty Entertainment (NASDAQ: LMDIA) holds a 54 percengt stake in (NASDAQ: DTV) as well as controllingy stakes in online gaming company Fun the Game Show Networ k and regional sports TV networks in Denver, Pittsburghb and Seattle. Those holdings are being spun off this year intoa free-standing company to clear up DirecTV’s stock structure and make it easiefr for it to engage in mergers and the companies said.
Malone’s company traded its 16 perceny ownership stake in News backto Murdoch’s company in 2007 in exchangde for the controlling stake in DirecTV.
just as the satellite broadcaster readies to merge with an offshootg ofJohn Malone’s News Corp. and DirecTVb confirmed Wednesday that Carey will leavw theEl Segundo, Calif.-based satellit broadcaster July 1 to become second-in-command handling international operations — for Ruperft Murdoch’s global media empire. Carey’s defection may muddy investors’ reception of the plannerd merger between DirecTV andLiberty Entertainment, a divisiob of Douglas County-based Libertu Media. Carey ran DirecTV for the past six leading it through a periox of growth and winnintg partnerships with every major telecom company inthe U.S.
He was expectede to stay with DirecTV after it became independentt ofLiberty Media. Instead, he returns to workingf for Murdoch andNews Corp., where he worked for 15 yearsd prior to heading Liberty Entertainment (NASDAQ: LMDIA) holds a 54 percengt stake in (NASDAQ: DTV) as well as controllingy stakes in online gaming company Fun the Game Show Networ k and regional sports TV networks in Denver, Pittsburghb and Seattle. Those holdings are being spun off this year intoa free-standing company to clear up DirecTV’s stock structure and make it easiefr for it to engage in mergers and the companies said.
Malone’s company traded its 16 perceny ownership stake in News backto Murdoch’s company in 2007 in exchangde for the controlling stake in DirecTV.
Wednesday, November 7, 2012
Lamar Odom mistakenly identifies himself as a 'Los Angeles Laker' (VIDEO) - Yahoo! Sports (blog)
bentlyoupapa1810.blogspot.com
Lamar Odom mistakenly identifies himself as a 'Los Angeles Laker' (VIDEO) Yahoo! Sports (blog) Looking noticeably out of shape five weeks after camp started and seven months after the Dallas Mavericks asked him to leave their squad, forward Lamar Odom has started the 2012-13 season off with a whimper. The forward, who celebrates his 33rd ... |
Bristol24-7 | Why female friendly lager is a sobering mistake Bristol24-7 Molson Coors' recently launched 'female-friendly' beer Animee â€" in rose and citrus flavours â€" has been given the thumbs down by the girls. Despite the claim there was a £396million market for 'lady lagers', it's now history along with other 'niche ... |
Saturday, October 27, 2012
Local Hawaiian Telcom investors named - Pacific Business News (Honolulu):
plesciamipukoa1855.blogspot.com
The list of investors is a who’s who of the wealthg and politically connectedin Hawaii, all of whom have seen theire investments in Hawaiian Telcomj wiped out by $425 million in operatintg losses posted by the telephone company over three Hawaiian Telcom filed for Chapter 11 bankruptcgy protection on Dec. 1. The locakl investors collectively own a 7 percent stake in thephone Washington, D.C.-based private equity firm The Carlylre Group, which bought the assets of Verizo Hawaii in May 2005 for $1.
6 owns the remaining 93 Retired chairman Walter who is now chairmaj of Hawaiian Telcom’s board of told PBN the local investors put up $30 including $2 million he and his wife, contributed. With a sale price of $1.6 billion and debt of about $1.2 billion, the loca investors bought 7 percent of theremaining $400 million in which has since evaporated. Dods has been the only publicv figure representing the localinvestment group, and he personallyg recruited the investors who took a stake in the company. “It wasn’t like it was a great stat e secret, I just didn’t think it was for me to statd publiclywho invested,” Dods said.
The names of the investora were filed with the bankruptcy courton Dec. 24 with otheer documents listing creditors and other entitiesx affected bythe bankruptcy. The list was firsrt reported Wednesday on local bloggerIan Lind’s Web site, . The list consistzs of 103 Hawaii investors in addition to four Carlyle Dods said heapproached “20 to 30” investoras and some recruited friends and family members. Each of thosw initial investors contributed an averageof $1 million, all of whicbh has been lost.
“I feel obviouslu very badly about that and did the tried the best I could butI don’ control everything that happens in the world and some investments obviouslu don’t work out,” Dods said. Asked if the souredf investments had hurtany relationships, Dods said: “I don’t feel like I’ve lost any friendes over this.” Among the local investors are: Mark chairman and CEO of Servco Pacific, whose company is also listed as an David Carey and Richard Kelley of Outrigger Enterprises; Bert chairman and CEO of ; Warren chairman, president and CEO of ; Warrejn Haruki, president and CEO of Grovew Farm and a former president of Verizom Hawaii; Robert Wo, president of C.
S. Wo Sons; Alan Pfleuger, president of and Meredith Jaynr Ching, senior vice president at . Here is the full list of according to documents filed in bankruptcu courtin Honolulu: Stephen J. Berman; Kathrym J. Carey; W. Davif P. Carey III,; Carl A. Carlson; Edric M. Ching; Leslie M. Ching; CS Wo & Sons Ltd.; Dianr N. Dods Revocable Living Trust; Dians N. Dods; Walter A. Dods, Jr.; Everett R. Alice M. Fukunaga; Benjamin T. Fukunaga; Eric S. Fukunaga; Mark H. Alan M. Goda; J. Stephen Goodfellow; Ronal D. Higgins; Michael K. Hirai; Hong & Attorneys, a Law Corp.; David C. HYB Corp. Consolidated Profit Sharing Plan; Melvyn T. Iwaki; Melissaa S. A. Jackson; Shane M.
Jackson; Jamesa Stephen and Denise D. Goodfello w Main Trust; Joseph J. Zilber Voluntaryt Trust; Charles R. Kelley; Jennifer S. Richard R. Kelley; Bert A. Dale T. Kobayashi; James H. Kobayashi; Patrick K. Kobayashi; Ronaldc H. Kobayashi; Leonard K. P. Carolyn C. Luke; Warren K. K. Raymond A. Ranelli; Dr. Joseph Triggs; John K. Tsui; Peter J. Walter A. Dods Jr., Revocable Living Trust; Warren K. K. Luke Carolyn C. Luke Trust; Thomas P. Whittemore; Bennett R. Wo; C. Scot Wo; Michael J. Wo; Robert C. Wo; Robert W. Wo; Wendelk J. Wo; John T. Wu; Robert T. Wu; Joseph J. Marilyn Zilber.
The list of investors is a who’s who of the wealthg and politically connectedin Hawaii, all of whom have seen theire investments in Hawaiian Telcomj wiped out by $425 million in operatintg losses posted by the telephone company over three Hawaiian Telcom filed for Chapter 11 bankruptcgy protection on Dec. 1. The locakl investors collectively own a 7 percent stake in thephone Washington, D.C.-based private equity firm The Carlylre Group, which bought the assets of Verizo Hawaii in May 2005 for $1.
6 owns the remaining 93 Retired chairman Walter who is now chairmaj of Hawaiian Telcom’s board of told PBN the local investors put up $30 including $2 million he and his wife, contributed. With a sale price of $1.6 billion and debt of about $1.2 billion, the loca investors bought 7 percent of theremaining $400 million in which has since evaporated. Dods has been the only publicv figure representing the localinvestment group, and he personallyg recruited the investors who took a stake in the company. “It wasn’t like it was a great stat e secret, I just didn’t think it was for me to statd publiclywho invested,” Dods said.
The names of the investora were filed with the bankruptcy courton Dec. 24 with otheer documents listing creditors and other entitiesx affected bythe bankruptcy. The list was firsrt reported Wednesday on local bloggerIan Lind’s Web site, . The list consistzs of 103 Hawaii investors in addition to four Carlyle Dods said heapproached “20 to 30” investoras and some recruited friends and family members. Each of thosw initial investors contributed an averageof $1 million, all of whicbh has been lost.
“I feel obviouslu very badly about that and did the tried the best I could butI don’ control everything that happens in the world and some investments obviouslu don’t work out,” Dods said. Asked if the souredf investments had hurtany relationships, Dods said: “I don’t feel like I’ve lost any friendes over this.” Among the local investors are: Mark chairman and CEO of Servco Pacific, whose company is also listed as an David Carey and Richard Kelley of Outrigger Enterprises; Bert chairman and CEO of ; Warren chairman, president and CEO of ; Warrejn Haruki, president and CEO of Grovew Farm and a former president of Verizom Hawaii; Robert Wo, president of C.
S. Wo Sons; Alan Pfleuger, president of and Meredith Jaynr Ching, senior vice president at . Here is the full list of according to documents filed in bankruptcu courtin Honolulu: Stephen J. Berman; Kathrym J. Carey; W. Davif P. Carey III,; Carl A. Carlson; Edric M. Ching; Leslie M. Ching; CS Wo & Sons Ltd.; Dianr N. Dods Revocable Living Trust; Dians N. Dods; Walter A. Dods, Jr.; Everett R. Alice M. Fukunaga; Benjamin T. Fukunaga; Eric S. Fukunaga; Mark H. Alan M. Goda; J. Stephen Goodfellow; Ronal D. Higgins; Michael K. Hirai; Hong & Attorneys, a Law Corp.; David C. HYB Corp. Consolidated Profit Sharing Plan; Melvyn T. Iwaki; Melissaa S. A. Jackson; Shane M.
Jackson; Jamesa Stephen and Denise D. Goodfello w Main Trust; Joseph J. Zilber Voluntaryt Trust; Charles R. Kelley; Jennifer S. Richard R. Kelley; Bert A. Dale T. Kobayashi; James H. Kobayashi; Patrick K. Kobayashi; Ronaldc H. Kobayashi; Leonard K. P. Carolyn C. Luke; Warren K. K. Raymond A. Ranelli; Dr. Joseph Triggs; John K. Tsui; Peter J. Walter A. Dods Jr., Revocable Living Trust; Warren K. K. Luke Carolyn C. Luke Trust; Thomas P. Whittemore; Bennett R. Wo; C. Scot Wo; Michael J. Wo; Robert C. Wo; Robert W. Wo; Wendelk J. Wo; John T. Wu; Robert T. Wu; Joseph J. Marilyn Zilber.
Thursday, October 25, 2012
House without a Key fires up the kiawe grill - HONOLULUMagazine.com
xotavaloso.blogspot.com
HONOLULUMagazine.com | House without a Key fires up the kiawe grill HONOLULUMagazine.com Kiawe wood smoke hazing the view of Diamond Head. Kanoe Miller dancing. The sun dropping into the water, garnering more paparazzi than Kim Kardashian dropping into Yogurtland. A grilled boereworse roll and Lebanese lamb chop. Oh, just another ... < /p> |
Wednesday, October 24, 2012
Missouri jobless rate resumes climb in May - Birmingham Business Journal:
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The state’s seasonally adjusted unemploymen t rate increased to 9 percentgin May, up from 8.1 percenyt in April. April’s 0.6 point decrease in unemploymengt nowappears anomalous, with the May increase part of an upwar trend dating back to mid-2008, state officials said. Approximately 272,009 Missourians were estimated to have been joblesas during the monthof May. Nonfarm payrolk employment decreasedby 3,709 jobs in May, marking the smalles t monthly decrease since employment began to drop sharpl last November.
Job losses were concentratedx inmanufacturing (-3,700) and construction which were partly offset by gains in health care and sociakl assistance (2,000) and local governmenrt (900). Over the past year, employment dropped by 74,30o0 jobs, or 2.7 percent. The main exceptionds to the downward trend over the year have been privatee educationalservices (2,500), health care and sociak assistance (6,000), federal government and local government (3,300). The nationalk unemployment rate in Maywas 9.4 Nonfarm payroll employment in May was down in St. Louis by led by automobile industry layoffsa and a cutback of federal employees followiny the end ofsome pre-2010 Census activities.
The state’s seasonally adjusted unemploymen t rate increased to 9 percentgin May, up from 8.1 percenyt in April. April’s 0.6 point decrease in unemploymengt nowappears anomalous, with the May increase part of an upwar trend dating back to mid-2008, state officials said. Approximately 272,009 Missourians were estimated to have been joblesas during the monthof May. Nonfarm payrolk employment decreasedby 3,709 jobs in May, marking the smalles t monthly decrease since employment began to drop sharpl last November.
Job losses were concentratedx inmanufacturing (-3,700) and construction which were partly offset by gains in health care and sociakl assistance (2,000) and local governmenrt (900). Over the past year, employment dropped by 74,30o0 jobs, or 2.7 percent. The main exceptionds to the downward trend over the year have been privatee educationalservices (2,500), health care and sociak assistance (6,000), federal government and local government (3,300). The nationalk unemployment rate in Maywas 9.4 Nonfarm payroll employment in May was down in St. Louis by led by automobile industry layoffsa and a cutback of federal employees followiny the end ofsome pre-2010 Census activities.
Tuesday, October 23, 2012
Mechel (MTL): Mechel Bluestone Mining Facilities Halted On Accumulated ... - iStockAnalyst
jiqatili.wordpress.com
Mechel (MTL): Mechel Bluestone Mining Facilities Halted On Accumulated ... iStockAnalyst Mechel decided to temporarily suspend mining at some facilities of Mechel Bluestone's mining complexes -- Keystone, Justice Energy and Dynamic Energy -- due to accumulated inventories of coal. The Frontier mine in Wyoming County, which is part of ... Mechel idling WV operations Mechel suspends coal mining at Bluestone as stocks mount |
Sunday, October 21, 2012
ESPN Zone closes doors in Denver - Washington Business Journal:
polinaagyvtiwu.blogspot.com
The ESPN Zone, part of a nationwid chain of what used to be nine ofthe sports-themedr bar and interactive game centers across the laid off roughly 100 employees, giving each a 60-dau administrative leave package, according to a companyy statement. Rick Allesandri, an ESPN vice presidentg who overseesZone operations, said in the statementr that the restaurant could not survive the This economic downturn has been marked nationally by reducedx consumer spending on eating out and on entertainment activities. “A decision like this is neved easy. We recognize and appreciate the commitmentt and years of service of all of these employees,” Allesandri said.
the current economic environment offered us noothedr choice.” The ESPN Zone was a 23,000-square-foort meeting place for sports fanatics, with one room featurinf more than a dozen large televisions tuned into contests of all kind and anothere full of video and sports gamexs ranging from basketball to bowling. None of the eight othef ESPN Zone locations will be asall “are meeting our said Matt Kovacs, a spokesmen for the , which owns the Tabor Center, issued a statement saying it was “sorry to hear of theire decision to discontinue their Denver operations.
” But the closint of ESPN Zone “has created a new opportunityg for us to bring new concepta to 16th Street,” it said. One of those new conceptz is TheTilted Kilt, a Celtic-themes restaurant and sports bar with 20 locationse operating nationwide and another 10 planned. The chain, whicgh is expected to open its Denver location this fall and to offe outdoorpatio seating, has signed an 8,300-square-foot lease at Tabor Center, according to a news release. The Tilteed Kilt began in Las Vegas in 2003 and is note for its servers dressedin knee-higy socks, short plaid kilts and midriff-baringv plaid halter tops.
It will be one of a number of new tenants opening in the Tabor Centefrthis year. “These new additions to Tabor Center’s retail offering reflect our continuinh efforts to enhance the services and amenities for the customers and visitors to the Tabor saidSteve Budorick, executive vice president and partner at Callahanh Capital Partners.
The ESPN Zone, part of a nationwid chain of what used to be nine ofthe sports-themedr bar and interactive game centers across the laid off roughly 100 employees, giving each a 60-dau administrative leave package, according to a companyy statement. Rick Allesandri, an ESPN vice presidentg who overseesZone operations, said in the statementr that the restaurant could not survive the This economic downturn has been marked nationally by reducedx consumer spending on eating out and on entertainment activities. “A decision like this is neved easy. We recognize and appreciate the commitmentt and years of service of all of these employees,” Allesandri said.
the current economic environment offered us noothedr choice.” The ESPN Zone was a 23,000-square-foort meeting place for sports fanatics, with one room featurinf more than a dozen large televisions tuned into contests of all kind and anothere full of video and sports gamexs ranging from basketball to bowling. None of the eight othef ESPN Zone locations will be asall “are meeting our said Matt Kovacs, a spokesmen for the , which owns the Tabor Center, issued a statement saying it was “sorry to hear of theire decision to discontinue their Denver operations.
” But the closint of ESPN Zone “has created a new opportunityg for us to bring new concepta to 16th Street,” it said. One of those new conceptz is TheTilted Kilt, a Celtic-themes restaurant and sports bar with 20 locationse operating nationwide and another 10 planned. The chain, whicgh is expected to open its Denver location this fall and to offe outdoorpatio seating, has signed an 8,300-square-foot lease at Tabor Center, according to a news release. The Tilteed Kilt began in Las Vegas in 2003 and is note for its servers dressedin knee-higy socks, short plaid kilts and midriff-baringv plaid halter tops.
It will be one of a number of new tenants opening in the Tabor Centefrthis year. “These new additions to Tabor Center’s retail offering reflect our continuinh efforts to enhance the services and amenities for the customers and visitors to the Tabor saidSteve Budorick, executive vice president and partner at Callahanh Capital Partners.
Saturday, October 20, 2012
Erickson gives up on Hilliard project - Puget Sound Business Journal (Seattle):
bentlyoupapa1810.blogspot.com
notified the city of Hilliarf last Thursday that the foreclosure filing meanws thedeveloper won't open the unfinishedr $34 million first phase and will no longer manage the 80-acre property. The decision ends more than two monthz of wrangling over continued financing of the Hickory Chase project between the developer and the That financial issue had prompted Erickson to ceasew construction on the first 145 units of the complexx and community center the week ofMay 12. The company’e announcement comes as it from its goal ofinvestinbg $12 billion to develop 50 communitiesx over the next decade. That includes scrapping plans to build senior housing facilities in five including Ohio.
Before Erickson halted construction, would-be residents had been told they coulf move in bylate summer. Erickson had planned to delivetr 833 residential unitsthrough 2013. “We have been informef by the lender for our Hickoryt Chase project that despite out best efforts to resolvefinancialk issues, the lender has commenced a foreclosurde proceeding that will result in us not being able to open Hickoryu Chase and end our managemenf of the property,” the developer wrotew in its letter. “We are deeplu disappointed we were not able to reach a The deposits of prospective residentes are not affected by the thecompany said, and it will offer refunds.
The company said in June that it woulr close its sales centee in late July pending resolutionm of thefinancial issues. A company spokesman offered no additionapl comment beyond the text ofthe letter. A KeyBano spokeswoman also was not immediately available for commenty on thefinancing consortium’s plans for the The lender had extended a $90 million construction loan for the projecf in April 2008, according to publiv records. In a news Hilliard said it had not riskeds city money inthe $17 million of road improvements to Britton Anson Drive and Leap Road. Britton Parkwah opened in January while constructiobn continues on theAnson connector.
Thos e projects were financed through a community developmentr authority that funded the projecf throughbond financing. Those bonds were expecte to be paid off through risin g property taxes generated as theretirement community’sx buildings get completed. Hilliard Financer Director Michelle Kelly-Underwood said the city’s currenty operating budgets also did not rely on tax revenuw generated bythe project. “In short, we were not countingy money from Ericksonuntil (the retirement was built,” Kelly-Underwood said in the release, “and this unfortunat e development shows the wisdom of takingt that conservative approach.
”
notified the city of Hilliarf last Thursday that the foreclosure filing meanws thedeveloper won't open the unfinishedr $34 million first phase and will no longer manage the 80-acre property. The decision ends more than two monthz of wrangling over continued financing of the Hickory Chase project between the developer and the That financial issue had prompted Erickson to ceasew construction on the first 145 units of the complexx and community center the week ofMay 12. The company’e announcement comes as it from its goal ofinvestinbg $12 billion to develop 50 communitiesx over the next decade. That includes scrapping plans to build senior housing facilities in five including Ohio.
Before Erickson halted construction, would-be residents had been told they coulf move in bylate summer. Erickson had planned to delivetr 833 residential unitsthrough 2013. “We have been informef by the lender for our Hickoryt Chase project that despite out best efforts to resolvefinancialk issues, the lender has commenced a foreclosurde proceeding that will result in us not being able to open Hickoryu Chase and end our managemenf of the property,” the developer wrotew in its letter. “We are deeplu disappointed we were not able to reach a The deposits of prospective residentes are not affected by the thecompany said, and it will offer refunds.
The company said in June that it woulr close its sales centee in late July pending resolutionm of thefinancial issues. A company spokesman offered no additionapl comment beyond the text ofthe letter. A KeyBano spokeswoman also was not immediately available for commenty on thefinancing consortium’s plans for the The lender had extended a $90 million construction loan for the projecf in April 2008, according to publiv records. In a news Hilliard said it had not riskeds city money inthe $17 million of road improvements to Britton Anson Drive and Leap Road. Britton Parkwah opened in January while constructiobn continues on theAnson connector.
Thos e projects were financed through a community developmentr authority that funded the projecf throughbond financing. Those bonds were expecte to be paid off through risin g property taxes generated as theretirement community’sx buildings get completed. Hilliard Financer Director Michelle Kelly-Underwood said the city’s currenty operating budgets also did not rely on tax revenuw generated bythe project. “In short, we were not countingy money from Ericksonuntil (the retirement was built,” Kelly-Underwood said in the release, “and this unfortunat e development shows the wisdom of takingt that conservative approach.
”
Thursday, October 18, 2012
Scott Brown launches dark new ad about Elizabeth Warren's work on coal ... - Boston.com
humojo.wordpress.com
Scott Brown launches dark new ad about Elizabeth Warren's work on coal ... Boston.com By Noah Bierman, Globe Staff. Senator Scott Brown has released a dark new ad highlighting Elizabeth Warren's work representing LTV Steel in a case involving health care for retired coal workers and their families. “The coal company had moved on, but ... |
Wednesday, October 17, 2012
Africa, West Combine to Rout Militants in Somalia - ABC News
qalymeled.wordpress.com
ABC News | Africa, West Combine to Rout Militants in Somalia ABC News The first Ugandan soldiers to fly into Somalia 5 1/2 years ago came under attack as soon as they arrived: Militants fired mortars at the new mission's welcome ceremony. Today, backed by a sweeping multinational effort that includes $338 million in U.S. ... Rice Welcomes So malia's Historic Political Transition |
Tuesday, October 16, 2012
Felix Baumgartner's supersonic jump: From start to finish, a nerve-racking ... - Washington Post (blog)
ejoxot.wordpress.com
National Post | Felix Baumgartner's supersonic jump: From start to finish, a nerve-racking ... Washington Post (blog) Felix Baumgartner's supersonic jump: From start to finish, a nerve-racking, exciting feat to behold. By Justin Grieser. Captivated spectators c » |
Sunday, October 14, 2012
Boeing selects U.K. company to supply antennas - Los Angeles Business from bizjournals:
vuwodu.wordpress.com
Chelton is the avionics unit ofCobhamm PLC, based in Dorset, Unitedc Kingdom. The contract is for the next 10 years and will cover standard and specialoperations configurations. Britain-baser Chelton also said Wednesday it has been selected to supply mINCANS Interferences Cancellation Systems and communication antennaxs to the UnitedStatesd Army. Those two separate deals with the Army areworth $1 million.
The mINCANS Interference Cancellation technology is used to maintai signal integrity ina high-interference Chelton's Cobham Avionics group design s and supplies antennas, aircrafr communication and navigation equipment, microwave radomes and composite structures for the defense, homeland security, search and rescue and communications The Boeing Co. (NYSE: BA) is basedx in Chicago. Its integrated defense systems unit has majord operations inSouthern California. The commercial airplanes group, based in Wash., is the second-largest employer in Long Beach. Boeingv employs more than 35,000 peoplew statewide. Also announced Wednesday, Merrimax Industries Inc.
(AMEX: MRM), said it has gotten $1.3 milliomn order from Boeing's Integrated Defense Systems in Huntington Beacu to supply Beamforming Networkszand RF/ Microwave signal processinb components on Boeing's Global Positioning System IIF Boeing exercised its second contract optionn for Merrimac to provide additional signapl processing components on Space Vehicles 7, 8, and 9. Under a contracgt awarded by the U.S. Air Boeing is currently building the thirdx group of GPSIIF satellites, with a potentia total of up to 12 satellites. Today's ordet is part of the contract from Boeing estimated toreach $4.4 million that Merrimac announcecd in Sept. 2003.
Chelton is the avionics unit ofCobhamm PLC, based in Dorset, Unitedc Kingdom. The contract is for the next 10 years and will cover standard and specialoperations configurations. Britain-baser Chelton also said Wednesday it has been selected to supply mINCANS Interferences Cancellation Systems and communication antennaxs to the UnitedStatesd Army. Those two separate deals with the Army areworth $1 million.
The mINCANS Interference Cancellation technology is used to maintai signal integrity ina high-interference Chelton's Cobham Avionics group design s and supplies antennas, aircrafr communication and navigation equipment, microwave radomes and composite structures for the defense, homeland security, search and rescue and communications The Boeing Co. (NYSE: BA) is basedx in Chicago. Its integrated defense systems unit has majord operations inSouthern California. The commercial airplanes group, based in Wash., is the second-largest employer in Long Beach. Boeingv employs more than 35,000 peoplew statewide. Also announced Wednesday, Merrimax Industries Inc.
(AMEX: MRM), said it has gotten $1.3 milliomn order from Boeing's Integrated Defense Systems in Huntington Beacu to supply Beamforming Networkszand RF/ Microwave signal processinb components on Boeing's Global Positioning System IIF Boeing exercised its second contract optionn for Merrimac to provide additional signapl processing components on Space Vehicles 7, 8, and 9. Under a contracgt awarded by the U.S. Air Boeing is currently building the thirdx group of GPSIIF satellites, with a potentia total of up to 12 satellites. Today's ordet is part of the contract from Boeing estimated toreach $4.4 million that Merrimac announcecd in Sept. 2003.
Saturday, October 13, 2012
Never-say-die Cardinals always believe, pull off another stunning win - CBSSports.com
ovaluleq.wordpress.com
AFP | Never-say-die Cardinals always believe, pull off another stunning win CBSSports.com WASHINGTON -- The world champion St. Louis Cardinals, a team that scoffs at so-so regular seasons and large in-game deficits, pulled off their latest miracle late Friday night and early Saturday morning to shock the Nationals to make it back to the NLCS. Card inals pull off improbable 9th-inning r » |
Thursday, October 11, 2012
Melling Averts First Round Flop - AzBilliards.com
ycoguqi.wordpress.com
Inside POOL Magazine | Melling Averts First Round Flop AzBilliards.com (Shanghai, China)--The 2012 China Open got underway on a rainy Thursday afternoon here in Shanghai, and it didn't take very long for the fireworks to start going off inside the Shanghai Pundong Yuanshen Stadium. Defending Champion Chris Melling from ... HONG KONG'S KWOK S TUNS WORLD NUMBER 1 APPLETON |
Wednesday, October 10, 2012
Redevelopment plans for the Pinch - Memphis Business Journal:
bengeyqafiba1640.blogspot.com
The plans include proposals for zoning changes throughoutg the area and infrastructure improvements in thePincg District. Center City plans to release the redevelopment plan to the public in the coming Although the plan proposes several improvementsz that could spur development inthe area, the futuree of one of the Pinch District'ws key anchors, The Pyramid, remains a Despite this uncertainty, Andy Kitsinger, vice president of planning and developmentg for Center City, says the redevelopment plan was designedc around the idea that The Pyramid woulr bring traffic in the but did not plan on any specificx use for the site.
"Regardless of whichn alternative is chosen for the reuse of The the plan accommodates an increase in use in a majo investment in that he says. The plan lays out several possible solutionse to development issues identifiedby ' study of the Downtownn area. ERA's study showed that the Pincjh District and surrounding area consist of a low densituy of residents and employers with very fewretaipl developments. Center City's redevelopment plan calls for rezoning sincwe much of the area is zoned which is a big hindrance toattractingh developers, Kitsinger says.
"It's very unprotectedr and that's the only zoning in Memphis and Shelby Count that you can locate a sexually oriented he says. Center City's redevelopment plan calls for land currently zonede industrial to be rezonedas mixed-use and high density residential. The plan also proposes changeas tothe 45-foot building height restriction to 65 feet in the Pincj District to encourage larger "It increases the density that is necessaryy to support commercial (developments)," Kitsingeer says. "We need a lot more people living in that Besides thePinch District's zoning issues, the area also facea the need for infrastructure improvementas and better access points.
Currently, driverws exiting I-40 on Riverside Drive or Third Street have no optionz togo north. The Pinch Distric provides very little in the way of an entrancrefor pedestrians. The I-40 bridgs which runs over Main is dark and Kitsinger says, and Cente r City sees an opportunity to "usse it as a gateway similar to what Cooper Young has done." Other recommendations that Kitsingef has received and has propose in the redevelopment plan involve using the rich historixc sites of the area to build education on where the Blufft City was founded.
Buddgy Barnett, principal in , , suggested the idea and says he hopees the plan for the Pinch District will encourage more people to appreciatse the history ofthe neighborhood. "It is the originak founders' location for the city and my businessz is inthis neighborhood," he "The locations are not marked properly. There needs to be a historicalp walkingtour plan." The area surrounding the Wolf River Harboe is included in the Center City plan. There are abouy 53 undeveloped acres that exist inthe 100-yeare floodplain. The redevelopment plan callss for all of this acreage to be made publicc property in order to provide access tothe Address: 114 N.
Main Web site:
The plans include proposals for zoning changes throughoutg the area and infrastructure improvements in thePincg District. Center City plans to release the redevelopment plan to the public in the coming Although the plan proposes several improvementsz that could spur development inthe area, the futuree of one of the Pinch District'ws key anchors, The Pyramid, remains a Despite this uncertainty, Andy Kitsinger, vice president of planning and developmentg for Center City, says the redevelopment plan was designedc around the idea that The Pyramid woulr bring traffic in the but did not plan on any specificx use for the site.
"Regardless of whichn alternative is chosen for the reuse of The the plan accommodates an increase in use in a majo investment in that he says. The plan lays out several possible solutionse to development issues identifiedby ' study of the Downtownn area. ERA's study showed that the Pincjh District and surrounding area consist of a low densituy of residents and employers with very fewretaipl developments. Center City's redevelopment plan calls for rezoning sincwe much of the area is zoned which is a big hindrance toattractingh developers, Kitsinger says.
"It's very unprotectedr and that's the only zoning in Memphis and Shelby Count that you can locate a sexually oriented he says. Center City's redevelopment plan calls for land currently zonede industrial to be rezonedas mixed-use and high density residential. The plan also proposes changeas tothe 45-foot building height restriction to 65 feet in the Pincj District to encourage larger "It increases the density that is necessaryy to support commercial (developments)," Kitsingeer says. "We need a lot more people living in that Besides thePinch District's zoning issues, the area also facea the need for infrastructure improvementas and better access points.
Currently, driverws exiting I-40 on Riverside Drive or Third Street have no optionz togo north. The Pinch Distric provides very little in the way of an entrancrefor pedestrians. The I-40 bridgs which runs over Main is dark and Kitsinger says, and Cente r City sees an opportunity to "usse it as a gateway similar to what Cooper Young has done." Other recommendations that Kitsingef has received and has propose in the redevelopment plan involve using the rich historixc sites of the area to build education on where the Blufft City was founded.
Buddgy Barnett, principal in , , suggested the idea and says he hopees the plan for the Pinch District will encourage more people to appreciatse the history ofthe neighborhood. "It is the originak founders' location for the city and my businessz is inthis neighborhood," he "The locations are not marked properly. There needs to be a historicalp walkingtour plan." The area surrounding the Wolf River Harboe is included in the Center City plan. There are abouy 53 undeveloped acres that exist inthe 100-yeare floodplain. The redevelopment plan callss for all of this acreage to be made publicc property in order to provide access tothe Address: 114 N.
Main Web site:
Tuesday, October 9, 2012
CBS Developing Melting-Pot Family Comedy for Axis of Evil Comedian - Chicago Tribune
cicugaha.wordpress.com
CBS Developing Melting-Pot Family Comedy for Axis of Evil Comedian Chicago Tribune CBS Developing Melting-Pot Family Comedy for Axis of Evil Comedian. Email · print. Tim Kenneally Reuters. 4:18 a.m. CDT, October 9, 2012. LOS ANGELES (TheWrap.com) - CBS is preparing to explore the lighter side of ethnic tensions with its latest project. |
Sunday, October 7, 2012
Peslier engineers Japanese heartbreak in Arc - Irish Examiner
tenamup.wordpress.com
Peslier engineers Japanese heartbreak in Arc Irish Examiner Peslier engineers Japanese heartbreak in Arc. By Tom Peacock. Monday, October 08, 2012. Olivier Peslier ended a 14-year wait for a fourth Prix de l'Arc de Triomphe in very unlikely fashion as the unfancied filly Solemia induced more Japanese heartbreak ... |
Saturday, October 6, 2012
NBC Universal, Microsoft strike ad alliance - Business First of Columbus:
aleshnikovenil.blogspot.com
Terms of the deal were not Admira analyzes demographic data on vieweras to generate more targeted TV ads and also adds automatiohn to thebuying process. The two companies testefd the system, using Admirs with the NBC Local Media group in March to buy and sell local television ads inLos "Our initial test of the system in L.A. is off to a greatg start. Admira provides us with the potentialp to help attract an entirely new segment of advertisers to the local marketplace, particularly small and midsize businesses that might not otherwisse be able to buy local television station advertising, whicu is a huge leap Frank Comerford, president of platform developmengt and commercial operations for NBC Local Media, said in a The full partnership is set to begin in the The two giants are more known throug h their link through MSNBC.
Terms of the deal were not Admira analyzes demographic data on vieweras to generate more targeted TV ads and also adds automatiohn to thebuying process. The two companies testefd the system, using Admirs with the NBC Local Media group in March to buy and sell local television ads inLos "Our initial test of the system in L.A. is off to a greatg start. Admira provides us with the potentialp to help attract an entirely new segment of advertisers to the local marketplace, particularly small and midsize businesses that might not otherwisse be able to buy local television station advertising, whicu is a huge leap Frank Comerford, president of platform developmengt and commercial operations for NBC Local Media, said in a The full partnership is set to begin in the The two giants are more known throug h their link through MSNBC.
Friday, October 5, 2012
SIUE goes to court over failed conference center - Pacific Business News (Honolulu):
pemp66seb.blogspot.com
Developer William Shaw and couldn’t come up with financing for the hotel and conference which was to be called the Sprinb Green Lodge and located atUniversity SIUE’s research and technolog y park, according to university spokesmanh Gregory Conroy. The project, first announcede in 2004, died in 2007 when a ground leases between SIU and WLS expired following extension s forthe project. SIUE filed a declaratoryg judgment action Monday inMadisom County, Ill., seeking to have the court bring legal closurre to its hotel conferenc e center project.
If approved, WLS would have to remove all constructio equipment and materials and removed the building foundation it constructed to comply with the terms ofthe lease, Conroy said. That would free up the located at Illinois Route 157 and University Park to become available for leasreand development, the university University Park currently has 23 tenants representing a numbefr of business sectors including agricultural biotechnology, health sciences, desighn professionals and information technology.
The most recent announcedx addition to the park is the Bloods Processing Center and National Testing The American Red Cross plans to move toa 15-acrd site at University Park Drive and South Research Drive and bring more than 500 jobs to the
Developer William Shaw and couldn’t come up with financing for the hotel and conference which was to be called the Sprinb Green Lodge and located atUniversity SIUE’s research and technolog y park, according to university spokesmanh Gregory Conroy. The project, first announcede in 2004, died in 2007 when a ground leases between SIU and WLS expired following extension s forthe project. SIUE filed a declaratoryg judgment action Monday inMadisom County, Ill., seeking to have the court bring legal closurre to its hotel conferenc e center project.
If approved, WLS would have to remove all constructio equipment and materials and removed the building foundation it constructed to comply with the terms ofthe lease, Conroy said. That would free up the located at Illinois Route 157 and University Park to become available for leasreand development, the university University Park currently has 23 tenants representing a numbefr of business sectors including agricultural biotechnology, health sciences, desighn professionals and information technology.
The most recent announcedx addition to the park is the Bloods Processing Center and National Testing The American Red Cross plans to move toa 15-acrd site at University Park Drive and South Research Drive and bring more than 500 jobs to the
Wednesday, October 3, 2012
AJC: 'We are transforming our company' - Atlanta Business Chronicle:
showarticle-cultura.blogspot.com
There, according to a sourcee insidethe newspaper, they were told to expect significant bureau closings and consolidationa in the near The bureau reporters got the news from Editoe Julia Wallace. The expected changes at the AJC come at a time whenthe nation' s newspaper industry has been shaken by layoffs, buyoutsx and takeover bids at media companies such as and the formefr Newspapers are struggling to reinvent themselves by investint in their online identitiee and evolving their business models. Faced with eroding circulation and online competitors eatingy intoad revenue, the newspaper business is havingh its toughest time in 50 years.
The AJC is buffered from some of these pressurea because it is owned bya private, family-runj company, , rather than impatient public stockholders. But Atlanta'w hometown paper still faces the industrywide challenges of slipping circulation and brutal competition foradvertising dollars. In a Dec. 4 AJC Publisher John C. Mellott would not comment directlyh about any upcoming but he said the papet always evaluates its strategies forcommunityh coverage. "This truly is one of the most dynami markets inthe country, and so you have to look at those patterns and craft a newspaper that is reflectiver of those changes," said Mellott.
Mellott acknowledgee the industry overallis troubled. "It's no secret the shape our industryis in," he said. "Az a whole, our industry is wringing its wondering about the future ofjournaliskm ... anxiety-ridden over the futurs business model." "I won't tell you we'vew got it all figured out at the AJC," Mellotyt told the Chronicle, "but I will tell you we are bettetr positionedthan most. And I will tell you that we are very aggressivelgy looking forward for the notback ... We are transformintg our company, just as consumers' media consumption has been transformed." Daily newspaper circulationh isfalling nationwide.
Nearly every major U.S. daily suffered circulation declinesthis year, according to the most recentt report from the Audit Bureau of Circulations. It showedx the AJC's circulation droppeed 3.47 percent weekdays and 8.1 percent on Nationally, spending on print advertising in local newspapers wasdown 3.7 percen in the first nine months of 2006, according to TNS Media Intelligence. Ad revenue growth is predicted to slow further in according to forecasts from media buyer In order to navigate this hostilsenew landscape, AJC executives have adoptesd a three-prong strategy: focus on publishingt an excellent daily aggressively embrace the Internet and continue to buildf a portfolio of products to grow the company's combines audience, according to Mellott.
For the new Skirt Magazine has a distributionof 100,000 and Mundo Hispanici has a readership of almost 120,000. Newspapers acros the nation have reduced stafr in order keepcosts down, and the AJC is one of the few that has not resortex to significant layoffs, say industry experts. the paper has controlled costs withothef measures. Mellott said the paper does not have an officialkhiring freeze, but has been "shifting resources internallu for the past few years.
" Wheneve r possible, internal candidates are selected for job openings, he The paper also has thinned its editorial staff through attrition -- the businese desk is one example -- although Mellott wouldn't specifty how many vacated positions have gone unfilled. "Thd basic question is how to reducse costs without harming the basic news valued of the producttoo much," said Conradf Fink, a former reporter and vice president at the who now teachesw journalism at The University of "How do we cut get over this bad patch and stil maintain the vitality of the publication?
" Staffing -- and staffingv reductions -- are a key part of that delicate "When you have fewer people handling the copy fewer people reporting on the subject, the amount of new and verifiedd documented information that you're able to publish each day declines," said Bill former executive editor of the AJC who is the foundint chairman of the Committee of Concerned "It makes for thinner storiesa and the public recognizes that righg away." Jack Driscoll, formef editor and managing editorf of The Boston Globe, agrees.
"Io think there is a dilution of quality and the first person to recognize that isthe reader, so they start to go said Driscoll, who is now editor-in-residence at the MIT Media Lab.
There, according to a sourcee insidethe newspaper, they were told to expect significant bureau closings and consolidationa in the near The bureau reporters got the news from Editoe Julia Wallace. The expected changes at the AJC come at a time whenthe nation' s newspaper industry has been shaken by layoffs, buyoutsx and takeover bids at media companies such as and the formefr Newspapers are struggling to reinvent themselves by investint in their online identitiee and evolving their business models. Faced with eroding circulation and online competitors eatingy intoad revenue, the newspaper business is havingh its toughest time in 50 years.
The AJC is buffered from some of these pressurea because it is owned bya private, family-runj company, , rather than impatient public stockholders. But Atlanta'w hometown paper still faces the industrywide challenges of slipping circulation and brutal competition foradvertising dollars. In a Dec. 4 AJC Publisher John C. Mellott would not comment directlyh about any upcoming but he said the papet always evaluates its strategies forcommunityh coverage. "This truly is one of the most dynami markets inthe country, and so you have to look at those patterns and craft a newspaper that is reflectiver of those changes," said Mellott.
Mellott acknowledgee the industry overallis troubled. "It's no secret the shape our industryis in," he said. "Az a whole, our industry is wringing its wondering about the future ofjournaliskm ... anxiety-ridden over the futurs business model." "I won't tell you we'vew got it all figured out at the AJC," Mellotyt told the Chronicle, "but I will tell you we are bettetr positionedthan most. And I will tell you that we are very aggressivelgy looking forward for the notback ... We are transformintg our company, just as consumers' media consumption has been transformed." Daily newspaper circulationh isfalling nationwide.
Nearly every major U.S. daily suffered circulation declinesthis year, according to the most recentt report from the Audit Bureau of Circulations. It showedx the AJC's circulation droppeed 3.47 percent weekdays and 8.1 percent on Nationally, spending on print advertising in local newspapers wasdown 3.7 percen in the first nine months of 2006, according to TNS Media Intelligence. Ad revenue growth is predicted to slow further in according to forecasts from media buyer In order to navigate this hostilsenew landscape, AJC executives have adoptesd a three-prong strategy: focus on publishingt an excellent daily aggressively embrace the Internet and continue to buildf a portfolio of products to grow the company's combines audience, according to Mellott.
For the new Skirt Magazine has a distributionof 100,000 and Mundo Hispanici has a readership of almost 120,000. Newspapers acros the nation have reduced stafr in order keepcosts down, and the AJC is one of the few that has not resortex to significant layoffs, say industry experts. the paper has controlled costs withothef measures. Mellott said the paper does not have an officialkhiring freeze, but has been "shifting resources internallu for the past few years.
" Wheneve r possible, internal candidates are selected for job openings, he The paper also has thinned its editorial staff through attrition -- the businese desk is one example -- although Mellott wouldn't specifty how many vacated positions have gone unfilled. "Thd basic question is how to reducse costs without harming the basic news valued of the producttoo much," said Conradf Fink, a former reporter and vice president at the who now teachesw journalism at The University of "How do we cut get over this bad patch and stil maintain the vitality of the publication?
" Staffing -- and staffingv reductions -- are a key part of that delicate "When you have fewer people handling the copy fewer people reporting on the subject, the amount of new and verifiedd documented information that you're able to publish each day declines," said Bill former executive editor of the AJC who is the foundint chairman of the Committee of Concerned "It makes for thinner storiesa and the public recognizes that righg away." Jack Driscoll, formef editor and managing editorf of The Boston Globe, agrees.
"Io think there is a dilution of quality and the first person to recognize that isthe reader, so they start to go said Driscoll, who is now editor-in-residence at the MIT Media Lab.
Tuesday, October 2, 2012
Persons to leave Massey Communications - The Business Journal of Milwaukee:
bertayfybuqutyp.blogspot.com
His last day with Massey will be no latere thanJuly 24. Bud Brewer, formerl y president and CEO ofthe agency, will take place as vice chairman, overseeing the agency'sa public relations, business development and social media services. Brewerr has been with the agency and itsparentr company, , since 1986. Lynne Frederick was promoted from vice presiden and director of marketing for Masseyy Services to president and CEO of Massey Frederick has been with Massey Services for six Her prior marketing and advertising experience includexs work with General Electric and Ford Consumer Andrea Massey-Farrell was promotedc from vice president of operations at Massety Communications to executive vice presidentr and chief operating officer.
She has been with the agencu for 12 years and will lead its advertisinyservices division, in additionn to her responsibilities with agencu operations and Yellow Page Directory advertising. “These changees will better position our agency to take advantagr of the opportunities that we anticipate over the next few saidHarvey Massey, chairman of the company, in a prepared He said the agency's goal its to sharpe n its focus and provide more targeted services. Persons said he would open a new strategicpublic relations, media relations and networking consulting firm calledd Todd Persons Communications in downtown Orlandko in early August.
“I'm especially grateful to Harvey Masseg and to Bud Brewer for their friendship and wise Persons said. Massey Communications is a full-service advertising, strategicc marketing and public relations The agency and itsparent company, Masseu Services, are based in Orlando.
His last day with Massey will be no latere thanJuly 24. Bud Brewer, formerl y president and CEO ofthe agency, will take place as vice chairman, overseeing the agency'sa public relations, business development and social media services. Brewerr has been with the agency and itsparentr company, , since 1986. Lynne Frederick was promoted from vice presiden and director of marketing for Masseyy Services to president and CEO of Massey Frederick has been with Massey Services for six Her prior marketing and advertising experience includexs work with General Electric and Ford Consumer Andrea Massey-Farrell was promotedc from vice president of operations at Massety Communications to executive vice presidentr and chief operating officer.
She has been with the agencu for 12 years and will lead its advertisinyservices division, in additionn to her responsibilities with agencu operations and Yellow Page Directory advertising. “These changees will better position our agency to take advantagr of the opportunities that we anticipate over the next few saidHarvey Massey, chairman of the company, in a prepared He said the agency's goal its to sharpe n its focus and provide more targeted services. Persons said he would open a new strategicpublic relations, media relations and networking consulting firm calledd Todd Persons Communications in downtown Orlandko in early August.
“I'm especially grateful to Harvey Masseg and to Bud Brewer for their friendship and wise Persons said. Massey Communications is a full-service advertising, strategicc marketing and public relations The agency and itsparent company, Masseu Services, are based in Orlando.
Sunday, September 30, 2012
Nike exec withdraws from consideration for Obama post - Portland Business Journal:
jiqatili.wordpress.com
But acting AmeriCorps CEO Nicky Goren, in a letter posteed to the AmeriCorps Web site said the White House sent noticeof Eitel’sz withdrawal. “Our thoughts are with Maria as she focusew on herpersonal health,” Gore wrote. “Finding leadership for the Corporatiohn continues to be a very high priority for theWhite House.” In April, Obamsa said Eitel offered “a unique blend of skills and managementf experience” at a time when his administration was expanding the nation’ds public service programs.
On the same day he announcec Eitel as a candidate forthe job, Obamqa signed the Serve America Act, a vast expansionh of federal social service programse that includes increasing AmeriCorp’s available service positions from 75,000 to 250,000. Eitel is currently a Nike Inc. NKE) vice president and presidengt of theNike Foundation, the Washingtonm County athletic apparel giant’s charitable arm. Beforwe heading the foundation, she was Nike’s first vice president for corporat responsibility. Prior to joining Nike, she was Europeam corporate affairs group managet forMicrosoft Corp. and has also worked for the Corporation for Public Broadcastingv and MCICommunications Corp.
This would have been Eitel’se second presidential assignment. She servefd under President George H.W. Bush from 1989 to 1992 as deputh director of media relations and latedr as special assistant to the presideng formedia affairs.
But acting AmeriCorps CEO Nicky Goren, in a letter posteed to the AmeriCorps Web site said the White House sent noticeof Eitel’sz withdrawal. “Our thoughts are with Maria as she focusew on herpersonal health,” Gore wrote. “Finding leadership for the Corporatiohn continues to be a very high priority for theWhite House.” In April, Obamsa said Eitel offered “a unique blend of skills and managementf experience” at a time when his administration was expanding the nation’ds public service programs.
On the same day he announcec Eitel as a candidate forthe job, Obamqa signed the Serve America Act, a vast expansionh of federal social service programse that includes increasing AmeriCorp’s available service positions from 75,000 to 250,000. Eitel is currently a Nike Inc. NKE) vice president and presidengt of theNike Foundation, the Washingtonm County athletic apparel giant’s charitable arm. Beforwe heading the foundation, she was Nike’s first vice president for corporat responsibility. Prior to joining Nike, she was Europeam corporate affairs group managet forMicrosoft Corp. and has also worked for the Corporation for Public Broadcastingv and MCICommunications Corp.
This would have been Eitel’se second presidential assignment. She servefd under President George H.W. Bush from 1989 to 1992 as deputh director of media relations and latedr as special assistant to the presideng formedia affairs.
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