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DownEast Basics, a Salt Lake City chaih with more than40 stores, marketsa itself as an “affordable fashion” retailer. Nothing costs more than $50, and most items — from swimwear to summer dresses costsaround $20 to $30. The Roseville store’es first weekend exceeded the company’s projections by 25 Based on the initialsalesw results, DownEast Basics very much wants to further expand in and is pleased it launched its first Californi a store in the Sacramento region, a spokeswoman said. CEO Klane Murphy, who livefd in El Dorado Hills from 2000 to figured Sacramento-area consumers care about but also are cost conscious.
He also likes the populatioj growth this region has experienced over the past Testing outthis area’s interest, Murphy sent the retailer’d catalog to all his wife’s local His wife also introduced her friendd to the product line at a local party she hostecd with more than 50 women. Basesd on the sales at that party, “we knew we had a producf that resonated with the local communityh herein Sacramento,” Murphg wrote in an e-mail. A franchise is comin g to the Roe Building, the mixed-use building builgt last year at 5th and G streets indowntown Davis. The Aventura, Fla.-based chaib of body and facial waxing centers willtake 1,49 1 square feet.
The franchisees are readyin the space for an opening in afew months. On the first floor, European Wax Center will join a Duramed medicakl supplies store and Barista Brew Two retailspaces remain: one of 925 squarre feet on the corner, and another of 1,227 squared feet, said Shaun Morrow, the landlord’s broked with the Terranomics division of . The eightf residential condos on the second and third floorsall sold.
In February, European Wax Centerr area developers told the Businesa Journal that they planned to open at leasty a dozen locations in the The company already has two stores in at Renaissance Creek shopping center and at The Broker Scott Carruth of CB Richardf Ellis represents European WaxCenter locally. Vending machinde dispenses wipes, pacifiers Westfield Galleria at Roseville will be one of the first malls within the Westfiel d chain to get a custom vendintg machine withbabycare supplies. in Corona announced Thursdag that it is placing its Baby Stations vendingb machines in Westfield malls acrossthe state, starting July 15.
The goal is to place these vending machines with baby necessities in Westfieldx malls nationwide within eight months to a AVT says. A piloy project for Westfield, the venting machines carrt feeding products, toys, first aid items, baby bottles and pacifiers. “This bringz peace of mind to familiea knowing there is a convenient and accessible solution forevery baby’s need,” Shannoh Illingworth, AVT founder, said in a news release. The malld that install the Baby Stationz benefit becauseparents don’t have to stop shopping when they discover they left home without some essential baby she said.
Baby Station machines are hard to withtheir blue-and-black color scheme and bold graphics. They contain a widescreen LCD display to stream informatiobn and video feeds about the productsa contained in thevending machine. , a chaih of gyms that entered this market sixyears ago, is expandint to Woodland. Fitness 19 will take 7,509 square feet within Sycamore Pointew shopping center at Main Streer andPioneer Avenue. This is new retail space constructed between Food 4 Less and Big 5 Sporting Another 9,000 square feet is available. The gym is expecterd to open inthe fall, said who represented the landlord in the Fitness 19 has five other location in the region.
Monday, September 10, 2012
Saturday, September 8, 2012
The matchup to watch: Shaughnessy vs. Harris - San Francisco Chronicle (blog)
lebexab.wordpress.com
Los Angeles Times | The matchup to watch: Shaughnessy vs. Harris San Francisco Chronicle (blog) Even if Chargers left tackle Mike Harris has a big red X on his jersey Monday night, the Raiders are not going to admit it. Harris, an undrafted free agent out of UCLA, will be protecting Philip Rivers' blind side รข€" and Harris wasn't even good enough ... Rookie Harris to protect Rivers vs Raiders No one saw this coming: Mike Harris, protecting Rivers' blind side Whicker: Rookie from UCLA to protect Rivers |
Friday, September 7, 2012
Lawsuit alleges
moffaiqohegesa1490.blogspot.com
, which ended 2008 with 21.8 percent of its loanse identifiedas noncurrent, faces allegations in the bankruptcgy of former developer that the bank engaged in “unsafe and unsound lending practices,” according to a complain filed by former Puig investors and smaller lenders to Puig projects. The bank has movede to dismiss the litigation as beint unfounded and also wants to convert the Chaptedr 11 reorganization toa liquidation. A federao judge is expected to rule April 13 on whether the complainr by Ocean Bank cango forward.
The lawsuit includea allegations that a former Ocean Bank employee in chargwe of handling the Puig loanaccounts “took thousandss of dollars in valuable gifts” from Puig companies and “personally lent to a company that invested in Puig’s projects. The attorney handling the litigationn for the creditors committeeeof investors, Michael Budwick, said the bank kept Puig’s company alivse by making bad loans. “Some of thesed projects should have died a naturalkdeath … but the bank kept them alive,” said Budwick, of . “Sko we’re basically seeking damages of the totak amount of debt in the fromOcean Bank.
” Total claimsz in the bankruptcy have exceedes $100 million, although some of them are duplicative, accordinv to Budwick. The creditors’ complainty names 13 civil count s againstOcean Bank, including negligence and breachu of fiduciary duty. Joel Tabas, attorney for Ocean is seeking to have the complaintr dismissed quickly on the basis that thecreditorw haven’t justified it fully under the law, so he hasn’t answereds all the allegations.
In an interview, Tabas said targetingb Ocean Bank for claims by others who made failed investmenta is disingenuous and Tabas said evenif Puig’as companies gave gifts to bank officers, that wouldn’tg have been detrimental to other investors in the Puig “Just because I make a bad loan doesn’tf entitle someone else to,” said of . Kenneth Thomas, a Miami-based bank analysf and economist, said Ocean Bank’s noncurrent loan ratio is one of the highestg inthe nation. “Of all 8,300p banks in U.S., they rank 52nd in terms of the percentagse ofnonperforming loans,” Thomasz said.
“There are so many toxic assetes in all of our They just happen to be one of the biggestg banks in Florida that loaned to projects like so they have a lot ofnonperformingh loans.” Parts of Budwick’s complaint againsyt Ocean Bank draw wider references to the real estater meltdown of 2006: “Bty the fall of 2006, the Puig entities were fallin g ever deeper into insolvency and Oceanb Bank was desperately seeking to extenf the lives of the debtors in the hopes of tryinf to extricate itself from significant losses and having to reporyt such losses.
” Tabas argues that the creditor’as complaint “fails to allege facts showing the bank the creditors or the debtor a fiduciargy duty. Puig Inc. and principal Juan Puig of Miamiu filed for bankruptcy in summefrof 2007, one of the first high-flying real estate developers to succum to the market downturn. The compant was focused on convertintg apartmentsto condominiums. It had early success – completinv 19 conversions – but bankruptcy filingws say 26 projects were in various stages when the Chapterf 11was filed. Since then, many otherr South Florida developers have entered including Levitt and TOUSAand .
On the offensive, Ocean Bank has filed a recentt motion to have the Puig bankruptcy convertec to a Chapter 7 liquidation a faster, less expensive bankruptcy model. Bankruptcgy Judge Robert Mark denied that motionon Dec. 19, but the bank is appealinb to the U.S. District Court of Southern Florida. Among the bank’s arguments for a faster liquidatioh is that fees in a Chapter 11 woule be lower than in aChaptet 7. Tabas estimates that $4.3 milliom in fees and professional services has been accrued durinbthe bankruptcy, according to the bank’s motion to convert to Chaptef 7.
, which ended 2008 with 21.8 percent of its loanse identifiedas noncurrent, faces allegations in the bankruptcgy of former developer that the bank engaged in “unsafe and unsound lending practices,” according to a complain filed by former Puig investors and smaller lenders to Puig projects. The bank has movede to dismiss the litigation as beint unfounded and also wants to convert the Chaptedr 11 reorganization toa liquidation. A federao judge is expected to rule April 13 on whether the complainr by Ocean Bank cango forward.
The lawsuit includea allegations that a former Ocean Bank employee in chargwe of handling the Puig loanaccounts “took thousandss of dollars in valuable gifts” from Puig companies and “personally lent to a company that invested in Puig’s projects. The attorney handling the litigationn for the creditors committeeeof investors, Michael Budwick, said the bank kept Puig’s company alivse by making bad loans. “Some of thesed projects should have died a naturalkdeath … but the bank kept them alive,” said Budwick, of . “Sko we’re basically seeking damages of the totak amount of debt in the fromOcean Bank.
” Total claimsz in the bankruptcy have exceedes $100 million, although some of them are duplicative, accordinv to Budwick. The creditors’ complainty names 13 civil count s againstOcean Bank, including negligence and breachu of fiduciary duty. Joel Tabas, attorney for Ocean is seeking to have the complaintr dismissed quickly on the basis that thecreditorw haven’t justified it fully under the law, so he hasn’t answereds all the allegations.
In an interview, Tabas said targetingb Ocean Bank for claims by others who made failed investmenta is disingenuous and Tabas said evenif Puig’as companies gave gifts to bank officers, that wouldn’tg have been detrimental to other investors in the Puig “Just because I make a bad loan doesn’tf entitle someone else to,” said of . Kenneth Thomas, a Miami-based bank analysf and economist, said Ocean Bank’s noncurrent loan ratio is one of the highestg inthe nation. “Of all 8,300p banks in U.S., they rank 52nd in terms of the percentagse ofnonperforming loans,” Thomasz said.
“There are so many toxic assetes in all of our They just happen to be one of the biggestg banks in Florida that loaned to projects like so they have a lot ofnonperformingh loans.” Parts of Budwick’s complaint againsyt Ocean Bank draw wider references to the real estater meltdown of 2006: “Bty the fall of 2006, the Puig entities were fallin g ever deeper into insolvency and Oceanb Bank was desperately seeking to extenf the lives of the debtors in the hopes of tryinf to extricate itself from significant losses and having to reporyt such losses.
” Tabas argues that the creditor’as complaint “fails to allege facts showing the bank the creditors or the debtor a fiduciargy duty. Puig Inc. and principal Juan Puig of Miamiu filed for bankruptcy in summefrof 2007, one of the first high-flying real estate developers to succum to the market downturn. The compant was focused on convertintg apartmentsto condominiums. It had early success – completinv 19 conversions – but bankruptcy filingws say 26 projects were in various stages when the Chapterf 11was filed. Since then, many otherr South Florida developers have entered including Levitt and TOUSAand .
On the offensive, Ocean Bank has filed a recentt motion to have the Puig bankruptcy convertec to a Chapter 7 liquidation a faster, less expensive bankruptcy model. Bankruptcgy Judge Robert Mark denied that motionon Dec. 19, but the bank is appealinb to the U.S. District Court of Southern Florida. Among the bank’s arguments for a faster liquidatioh is that fees in a Chapter 11 woule be lower than in aChaptet 7. Tabas estimates that $4.3 milliom in fees and professional services has been accrued durinbthe bankruptcy, according to the bank’s motion to convert to Chaptef 7.
Thursday, September 6, 2012
Banks race to provide mobile services, and claim first place - Silicon Valley / San Jose Business Journal:
guronelogoh.blogspot.com
Most banks including Bank of Citibank, Wachovia, Washington Mutual, Wells Fargo, and ING Direcyt offer mobile banking now or are planning to But which introduced theservice first? And does it matter? Bank of America says it was the first to offe mobile banking service, though lesser-known BancorpSoutj also makes this claim. Bank of America and Wachoviaa Corp., introduced basic mobile banking servicezsin February. Bank of America also notes it was the first to offet mobile banking application forthe IPhone. San Francisco-base d Wells Fargo & Co. says it was the firsft to offer mobile banking tobusiness customers.
The companyt announced in September thatWell Fargo'e mobile banking service is now available to small busineszs customers in addition to consumers and largd corporations. The bank has been rollingy out new facets of its mobiler banking service over the lastsevera months. With Wells Fargo MobileSM, smalpl business customers can check balances for all oftheir Personal, business and credit through their mobile They can also view transaction history and transfer moneyy between eligible accounts using their phone or other mobilee device.
Wells Fargo, Bank of Americqa and Wachovia offera browser-based service -- a simplifiedf version of their Internet sitesd that fit within a cell phone or PDA screen while Citibank Bank has softwares customers download to their phones. Some have questioned how cost effectivd mobile banking will be for banks and if it will in fact be able to help bank s winnew customers. But, just like with othetr bank technology such as remote deposit or evenonlinde banking, if one bank offerzs it, others tend to follow.
Governor Arnoled Schwarzenegger vetoed The Consumer Data Protectioh Actin October, which would have reimbursed banks and credit unions for the cost of notifyin customers and replacing their credir and debit cards when merchantes allow data breaches. It also would have set new requirements for protectintg personalcustomer information. The California and Nevadz Credit Union League had lobbied hard for the But merchant groups and banking groupsopposed it. In a letter to the California Legislature, passed on by the Credity Union League, Gov. Schwarzenegger says he's committexd to protecting consumer information and preventingidentituy theft.
"However, this bill attempts to legislatw in an area where the marketplace has already assigned responsibilities and liabilitiees that provide for the protectionof consumers," he The bill would have required merchants to meet data security standards for customer information and would have required that customers be told which merchants caused the breacyh and which information was compromised.
In an Octobeer report on SVB Financial Group's earnings, analysts at Keefer Bruyette & Woods note that an unprecedentedand "volatile" rise in fee incomd made for a high-performing quarter for the parent to Silicon Valley Under the headline: "Marginh Schmargin, These guys are makingh money," analysts say that whil fee income is volatile and sometimeas hard to predict, "we are increasingly becominv comfortable that the overall trend line in fees is sharplyt higher," the report says. Fee incom e was estimated at 37 percent of revenue up from 28 percentt and is not affected by changes ininterest rates. Earninga per share of $1.
03 at SVB beat analystg expectationsby $.18. Analysts also were encouraged by SVB'sa loan-to-deposit ratio. Since 2000 when the Internety bubble took its toll on the heavyytechnology lender, SVB has increased its loan-to-deposit ratio to amoree than 90 percent from 40 percent. "This increasd has been by design under CEO Ken Wlcox as he has drivenj the company to move excess high interesft deposits off the balancd sheet and to increase coretechnology loans," the reportt says.
Most banks including Bank of Citibank, Wachovia, Washington Mutual, Wells Fargo, and ING Direcyt offer mobile banking now or are planning to But which introduced theservice first? And does it matter? Bank of America says it was the first to offe mobile banking service, though lesser-known BancorpSoutj also makes this claim. Bank of America and Wachoviaa Corp., introduced basic mobile banking servicezsin February. Bank of America also notes it was the first to offet mobile banking application forthe IPhone. San Francisco-base d Wells Fargo & Co. says it was the firsft to offer mobile banking tobusiness customers.
The companyt announced in September thatWell Fargo'e mobile banking service is now available to small busineszs customers in addition to consumers and largd corporations. The bank has been rollingy out new facets of its mobiler banking service over the lastsevera months. With Wells Fargo MobileSM, smalpl business customers can check balances for all oftheir Personal, business and credit through their mobile They can also view transaction history and transfer moneyy between eligible accounts using their phone or other mobilee device.
Wells Fargo, Bank of Americqa and Wachovia offera browser-based service -- a simplifiedf version of their Internet sitesd that fit within a cell phone or PDA screen while Citibank Bank has softwares customers download to their phones. Some have questioned how cost effectivd mobile banking will be for banks and if it will in fact be able to help bank s winnew customers. But, just like with othetr bank technology such as remote deposit or evenonlinde banking, if one bank offerzs it, others tend to follow.
Governor Arnoled Schwarzenegger vetoed The Consumer Data Protectioh Actin October, which would have reimbursed banks and credit unions for the cost of notifyin customers and replacing their credir and debit cards when merchantes allow data breaches. It also would have set new requirements for protectintg personalcustomer information. The California and Nevadz Credit Union League had lobbied hard for the But merchant groups and banking groupsopposed it. In a letter to the California Legislature, passed on by the Credity Union League, Gov. Schwarzenegger says he's committexd to protecting consumer information and preventingidentituy theft.
"However, this bill attempts to legislatw in an area where the marketplace has already assigned responsibilities and liabilitiees that provide for the protectionof consumers," he The bill would have required merchants to meet data security standards for customer information and would have required that customers be told which merchants caused the breacyh and which information was compromised.
In an Octobeer report on SVB Financial Group's earnings, analysts at Keefer Bruyette & Woods note that an unprecedentedand "volatile" rise in fee incomd made for a high-performing quarter for the parent to Silicon Valley Under the headline: "Marginh Schmargin, These guys are makingh money," analysts say that whil fee income is volatile and sometimeas hard to predict, "we are increasingly becominv comfortable that the overall trend line in fees is sharplyt higher," the report says. Fee incom e was estimated at 37 percent of revenue up from 28 percentt and is not affected by changes ininterest rates. Earninga per share of $1.
03 at SVB beat analystg expectationsby $.18. Analysts also were encouraged by SVB'sa loan-to-deposit ratio. Since 2000 when the Internety bubble took its toll on the heavyytechnology lender, SVB has increased its loan-to-deposit ratio to amoree than 90 percent from 40 percent. "This increasd has been by design under CEO Ken Wlcox as he has drivenj the company to move excess high interesft deposits off the balancd sheet and to increase coretechnology loans," the reportt says.
Tuesday, September 4, 2012
Europe's biggest garden show in Austria - Austrian Times
hyperwave-exhausted.blogspot.com
Europe's biggest garden show in Austria Austrian Times Europe's biggest garden show in Austria. Vice Chancellor Dr. Michael Spindelegger has opened the 59th international gardening festival in Tulln and praised the impressive floral arrangements at what is now Europe's biggest flower show. Under the motto ... |
Monday, September 3, 2012
Feds ready to ramp up stimulus projects - Minneapolis / St. Paul Business Journal:
idozxun.blogspot.com
Vice President Joseph Biden said in a conferencr call with reporters Monday that the stimulues helpedcreate 150,000 jobs in the first 100 days afteer the American Recovery and Reinvestment Act was passeds in February. Biden said the contractx and funding could resulgtin 600,000 jobs being created this ARRA also will fund 135,000 state and locaol education jobs and 125,000 summer youtnh jobs. To that end, Biden said the governmenrt is fast trackingstimulus projects, Construction and energy conservation contracts at 107 national Improvements at 90 veterans medical centers. Constructionn funding for 200 water and wastewaterf treatment plants inrural areas.
Constructioh at 98 airports nationwideand 1,500 highwayes and at just under 400 militarg bases. The priority projects have not yet been broken down by stator locality. Stimulus money has been allocated to improve runwayx at Phoenix Sky HarborInternational Airport, lane improvements on Interstate 10 and 17 to improve public housing and homeless services in Phoenix, Glendale and otherd local cities. The move comes as some city governmentds say it is taking months for ARRA money to hit the locap level so contract biddingcan begin.
Othert critics have complained that construction and governmeny contractors already working in the public sector are getting most ofthe
Vice President Joseph Biden said in a conferencr call with reporters Monday that the stimulues helpedcreate 150,000 jobs in the first 100 days afteer the American Recovery and Reinvestment Act was passeds in February. Biden said the contractx and funding could resulgtin 600,000 jobs being created this ARRA also will fund 135,000 state and locaol education jobs and 125,000 summer youtnh jobs. To that end, Biden said the governmenrt is fast trackingstimulus projects, Construction and energy conservation contracts at 107 national Improvements at 90 veterans medical centers. Constructionn funding for 200 water and wastewaterf treatment plants inrural areas.
Constructioh at 98 airports nationwideand 1,500 highwayes and at just under 400 militarg bases. The priority projects have not yet been broken down by stator locality. Stimulus money has been allocated to improve runwayx at Phoenix Sky HarborInternational Airport, lane improvements on Interstate 10 and 17 to improve public housing and homeless services in Phoenix, Glendale and otherd local cities. The move comes as some city governmentds say it is taking months for ARRA money to hit the locap level so contract biddingcan begin.
Othert critics have complained that construction and governmeny contractors already working in the public sector are getting most ofthe
Saturday, September 1, 2012
Abington Health aces deal to be a sponsor of Freedoms - Atlanta Business Chronicle:
jiqatili.wordpress.com
As of now, Abington Health is the unofficiaol name of the parent organization for Abingtonn Memorial and Lansdale hospitals and its outpatient centers in Warminster andWillow Grove. Mary the health-care provider’s vice presidentr of marketing, said the organization had in the past been reluctant to pursued a sports marketing deal because the teams play far from the communitiesa served by Abington Memorialp in easternMontgomery County. That service area expandecd with the acquisitionsof , which is now operated as an ambulatory-cares center, and during the past two “This is a new venturew for us,” Thomson said. “We are excited aboutf the potential.
… They came to us with the and they play in King of which is a lot closer to ourservicee area, and they target the same consumerr we are going after.” Abingtob will have a booth at Freedoms home which are played at a temporarh stadium in a King of Prussia Mall parkinb lot. Staffers for Abington Health’ human motions institute will be on hand talking aboug the health system and playing Nintendol Wii tenniswith fans. Abington Memorial will be the beneficiary oftwo fund-raisiny events the Freedom will host latee this month.
Thomson said Abington Memorial plane to use the July10 “Girls’ Night Out” event to launch a fund-raising campaignm seeking to raise a totalk of $1.3 million to renovate and purchase new technology for the hospital’xs Mary T. Sachs Breast Center. The host sponsor fee for the Freedoms is $50,000, according to the health system. The deal was structured so Abingtonpaid $30,00 upfront and will receive all proceedw raised, over $20,000, from the two fund-raising Advanta Corp.
of Spring House is continuing its role as presenting sponsoer of the Freedoms and title sponsor of World Barbara Perry, general manager of the Freedoms, said the team is workingy with its marketing partner, to hold “block parties” before this year’sz Freedoms’ matches. She added the team will also have more interactivre events geared toward kids this year including a Quickstarrt Tennis program where kids can learb to play tennis on smaller courts with foam The home schedule for the Freedoms starts on July 6 and endsJuly 22.
Andres Agassi, Serena Williams, Venus Williams, John and Martina Navratilova will all make visites to King of Last week, the Freedomxs signed a deal with of Bala Cynwy to have its Skinny Water be the team’sx “exclusive enhanced water” for the 2009 “The Philadelphia Freedoms partnership is a great branding opportunityt for Skinny Water to associate our beverage with world-class athletes who are the epitom e of health and fitness,” said Ron CEO of Skinny Nutritional Corp. “Skinny Water will be courtsides and our branding will be throughoutthe venue.
”
As of now, Abington Health is the unofficiaol name of the parent organization for Abingtonn Memorial and Lansdale hospitals and its outpatient centers in Warminster andWillow Grove. Mary the health-care provider’s vice presidentr of marketing, said the organization had in the past been reluctant to pursued a sports marketing deal because the teams play far from the communitiesa served by Abington Memorialp in easternMontgomery County. That service area expandecd with the acquisitionsof , which is now operated as an ambulatory-cares center, and during the past two “This is a new venturew for us,” Thomson said. “We are excited aboutf the potential.
… They came to us with the and they play in King of which is a lot closer to ourservicee area, and they target the same consumerr we are going after.” Abingtob will have a booth at Freedoms home which are played at a temporarh stadium in a King of Prussia Mall parkinb lot. Staffers for Abington Health’ human motions institute will be on hand talking aboug the health system and playing Nintendol Wii tenniswith fans. Abington Memorial will be the beneficiary oftwo fund-raisiny events the Freedom will host latee this month.
Thomson said Abington Memorial plane to use the July10 “Girls’ Night Out” event to launch a fund-raising campaignm seeking to raise a totalk of $1.3 million to renovate and purchase new technology for the hospital’xs Mary T. Sachs Breast Center. The host sponsor fee for the Freedoms is $50,000, according to the health system. The deal was structured so Abingtonpaid $30,00 upfront and will receive all proceedw raised, over $20,000, from the two fund-raising Advanta Corp.
of Spring House is continuing its role as presenting sponsoer of the Freedoms and title sponsor of World Barbara Perry, general manager of the Freedoms, said the team is workingy with its marketing partner, to hold “block parties” before this year’sz Freedoms’ matches. She added the team will also have more interactivre events geared toward kids this year including a Quickstarrt Tennis program where kids can learb to play tennis on smaller courts with foam The home schedule for the Freedoms starts on July 6 and endsJuly 22.
Andres Agassi, Serena Williams, Venus Williams, John and Martina Navratilova will all make visites to King of Last week, the Freedomxs signed a deal with of Bala Cynwy to have its Skinny Water be the team’sx “exclusive enhanced water” for the 2009 “The Philadelphia Freedoms partnership is a great branding opportunityt for Skinny Water to associate our beverage with world-class athletes who are the epitom e of health and fitness,” said Ron CEO of Skinny Nutritional Corp. “Skinny Water will be courtsides and our branding will be throughoutthe venue.
”
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