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.

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.

Monday, November 26, 2012

Shaping minds for corporate world - Triangle Business Journal:

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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:

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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:

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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

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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

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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

Resource Nation (blog)



 »

Sunday, November 18, 2012

Chinese company to buy Hummer - Business First of Buffalo:

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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:

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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:

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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

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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

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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

CBC.ca (blog)


NHL labour talks go on, sides to meet again for 4th straight day

Waterloo Record


NHL labour talks under way for 4th straight day

CTV News


Vancouver Sun -Canada.com -Winnipeg Free Press


 »

Thursday, November 8, 2012

DirecTV CEO leaving as Liberty merger nears - Portland Business Journal:

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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)

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Saturday, November 3, 2012

Progress Energy seeks small rate decrease - Triangle Business Journal:

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The proposal also asks regulators to adjusyt other components of the rate toreflect energy-efficiency programsw and other renewable energy resources. Undetr the proposal, a typicakl Progress household thatuses 1,000 kilowaty hours a month woulr see the total bill drop 10 centsd $106.78 to $106.68. North Carolina utilities are permitted a fuel charge oncustomedr bills, which is a way for the to recover the cost of the fuel for its Utilities do not profit from the charge. Raleigh-bases Progress says it asking the Northb Carolina Utility Commission to lower the fuel charge because global energy prices have stabilizede from record highs ofrecent years.
Accordingv to the proposal, a househol using 1,000 kWh a month would see the fuel portion of the bill drop by 17 Energy efficiency will drop the bill by 19anothetr cents. But the renewable energy portion of the bill will rise by 26 That increase pays for solar and biofueol contracts that Progress has signed to comply witha state-- mandated renewable energy target. If the new rates will take effect Dec. 1. Progresws (NYSE: PGN) serves 1.25 million customersx in North Carolina.

Thursday, November 1, 2012

BofA wealth head: Bank must grow in Boston - Boston Business Journal:

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“It has to be bigger than it is now,” said Briam Moynihan, president of BofA’s global banking and wealth management division. Moynihan addexd that all of the bank’s wealth managementy markets need to get bigger as he helps stitcuh together Bank of America andMerrill Lynch, which brings some 16,009 brokers to the fold. Moynihan made his remarks to reporterds after giving a speech ata breakfast. Moyniha declined to give any growthj targets, though. “You’ll hold me to it, even if we miss it by a Moynihan joked. In Massachusetts, Bank of Americwa employs about 9,000 peoplew across all operations. It’s the No.
1 Bay Stat e bank, controlling about 20 percent ofa $185.w billion bank deposit market, accordingv to the ’s latest available data. Earlier this year, Bank of America CEO Ken Lewis turned to Moynihan to runthe bank’s now massiv wealth management division after acquiring Merrill in January. In the first for example, the bank’s global wealth management divisiongeneratesd $4.36 billion in revenue, compared with $1.94 billion in the year-earlied period when Merrill was not part of the company. Net incoms was $510 million at wealty management, up from $242 million in the first quarte rof 2008. Moynihan is in charge of an organization that hasabout 80,000 people worldwide.
A veteran Boston bankin executive, Moynihan joined Fleet Financial Group in 1993 as deputty general counsel and has climbed steadily up the rankas amid a number of changeas and acquisitions by Bank of One of his biggest challenges is bringing togetherd two sharplycontrasting cultures. Merrill Lynch brokers have earnex a reputation for being well paidand outspoken. Their hub has been Manhattan, a far cry from a Bank of Americz culture whose roots are deep atits Charlotte, N.C. Moynihan said Bank of America’x top line revenue needs to grow fastef thanthe U.S.
economy, but he sees the companyu “grinding it out” and making money for shareholdersx through dividends andstock buybacks, for During his speech, Moynihab made a case for why an integrated bank can be a winninhg bank model. He said Bank of Americqa clients demand that they have a bank that offers consumer commercial lending andinvestment banking. “That’s not to say everyt large, global bank will or can be Moynihan said. “A global bank that trie s to build scale by being too small to matterd in a lot of places will not He also acknowledged that questionz remain about how to regulate largeglobal “How do you regulate a complex company?
” Moynihan said. “That’s what we’re still tryintg to figure out.”
 


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 ...



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