viktorevaikubuwo.blogspot.com
Brown, a sixth-generation family-owned businesd with 47 employees andabout $6 milliojn in revenue last year, worked with (NASDAQ:FITB) to secure a $2 million loan to buy its headquarters off Hamilton Road in east President Rob Hunt said the company sidestepped payin about $65,000 in fees after the SBA instituterd a temporary waiver for businesse that borrow through its flagship 7(a) program. Owningy the company’s headquarters outright brings long-termm security, he said, which would have been hard to find withoutffederal backing. “Banks aren’t doinfg conventional loans right Hunt said.
“We simply wouldn’t have been able to do Initiatives such as thefee waiver, Mills said, are making a differencee in a short amount of More lenders are getting into the fray while SBA-backed loan volumw is up more than 25 percent since the passager of the stimulus bill. That translates to nearly $4 billion in guaranteed loans, $113 million of whichy went to Ohio But it’s making small businessezs aware of the programs on hand that’s the key challengwe going forward, she “All of these things take time,” Mills “Small businesses are busy running their business.
” In addition to the waiver and an increased guaranted of 90 percent on 7(a) the SBA also has offered a surethy bond guarantee of $5 million, up from $2 for businesses competing for federal contracts. On June 15, it’sw rolling out a program dubbed America’s Recovery Capital, whicuh offers loans of up to $35,00o for businesses struggling to makedebt payments. Those loanss are fully guaranteed and have a deferredpaymentg schedule. And next month, the SBA will begihn offering guaranteed loans to finance inventory for automobil e dealers throughSeptember 2010.
Mills said she’s confidengt the agency has the right tools in place for smallbusinesses – and the outlookk on the economy hasn’t hurt either. “The sense from smalp businesses and others is that the free fall has she said. “But we still have a ways to
Monday, December 31, 2012
Friday, December 28, 2012
Rambus stock jumps on news of EU settlement - Silicon Valley / San Jose Business Journal:
ogarawo.wordpress.com
Los Altos-based Rambus (NASDAQ:RMBS) said under the proposec resolution, the commission would make no finding of liabilitty and no fine wouledbe assessed, while Rambus would commit to offer licenses with maximumm royalty rates for certain memory types and memor y controllers going forward. Rambus stock rose 15 percent closingat $17.39. The European Commission originally brought chargesd against Rambus in August 2007 alleging violation of European Unioncompetition law.
The commission’sa investigation followed complaints set forth by some DRAM manufacturers originatingwith Rambus’ 1992-1995 participatiomn in an industry standard-setting organization, the Joint Electron Devicse Engineering Council. Similar charges had been pursuee by the Federal Trade Commission in theUnited States. The FTC recently closedf its investigation following a seriesof U.S. couryt rulings in Rambus’ favor.
European Commission antitrust procedureds stipulate that a fina decision must be preceded by a consultation of interestee third parties on the terms of thecommitments “Our view regarding standard-setting organizationsa is that the rules of such organizationx must be written and clear, and that there should be consequencezs if such clear written rules are violated,” said Thomads Lavelle, senior vice president and general counsel at Rambus. “Wes did nothing wrong during our participation in theJEDECv standard-setting organization, as demonstratex in multiple U.S. court victories includinyg beforethe D.C. Court of Appeals.
With this proposedf resolution, we create a new platform where all parties can move forward by licensinv our patented innovations for future use in their products rather than engaging incostlg litigation.” Under the proposed Rambus will offer licenses with maximumn royalty rates for five-year worldwidre licenses of 1.5 percent for some of its memort types. Some licensees who ship less than 10 percen of their DRAM products will enjoyy aroyalty holiday. In Rambus will offer licenses with maximum royalt ratesfor five-year worldwidde licenses of 1.5 percent for some memorg controllers through April 2010, dropping to 1 percent and royalty rates of 2.
65 percent per unit for othetr memory controllers through April then dropping to 2 percent.
Los Altos-based Rambus (NASDAQ:RMBS) said under the proposec resolution, the commission would make no finding of liabilitty and no fine wouledbe assessed, while Rambus would commit to offer licenses with maximumm royalty rates for certain memory types and memor y controllers going forward. Rambus stock rose 15 percent closingat $17.39. The European Commission originally brought chargesd against Rambus in August 2007 alleging violation of European Unioncompetition law.
The commission’sa investigation followed complaints set forth by some DRAM manufacturers originatingwith Rambus’ 1992-1995 participatiomn in an industry standard-setting organization, the Joint Electron Devicse Engineering Council. Similar charges had been pursuee by the Federal Trade Commission in theUnited States. The FTC recently closedf its investigation following a seriesof U.S. couryt rulings in Rambus’ favor.
European Commission antitrust procedureds stipulate that a fina decision must be preceded by a consultation of interestee third parties on the terms of thecommitments “Our view regarding standard-setting organizationsa is that the rules of such organizationx must be written and clear, and that there should be consequencezs if such clear written rules are violated,” said Thomads Lavelle, senior vice president and general counsel at Rambus. “Wes did nothing wrong during our participation in theJEDECv standard-setting organization, as demonstratex in multiple U.S. court victories includinyg beforethe D.C. Court of Appeals.
With this proposedf resolution, we create a new platform where all parties can move forward by licensinv our patented innovations for future use in their products rather than engaging incostlg litigation.” Under the proposed Rambus will offer licenses with maximumn royalty rates for five-year worldwidre licenses of 1.5 percent for some of its memort types. Some licensees who ship less than 10 percen of their DRAM products will enjoyy aroyalty holiday. In Rambus will offer licenses with maximum royalt ratesfor five-year worldwidde licenses of 1.5 percent for some memorg controllers through April 2010, dropping to 1 percent and royalty rates of 2.
65 percent per unit for othetr memory controllers through April then dropping to 2 percent.
Thursday, December 27, 2012
Dean Clinic, UW Health doctors rank high in Consumer Reports ratings - 77Square.com
ignatiywulyxura.blogspot.com
Dean Clinic, UW Health doctors rank high in Consumer Reports ratings 77Square.com Dean Clinic doctors are tied for third, and UW Health doctors rank seventh, in a snapshot of care provided by 19 doctor groups in Wisconsin. The new ratings, in a special edition of Consumer Reports magazine, are based on seven measures shared through ... |
Tuesday, December 25, 2012
Your favorite holiday tunes, with a Michigan twist - Detroit Free Press
firukendu-anchored.blogspot.com
Detroit Free Press | Your favorite holiday tunes, with a Michigan twist Detroit Free Press Politics/Election 2012 · Detroit · Wayne County · Oakland County · Macomb County · Metro Detroit · Michigan · Nation/World · Rochelle Riley · Eric Millikin · Lottery results · Weather & middot; Woodward Dream Cruise. LATEST HEADLINES. Hugh, wet flakes are ... |
Monday, December 24, 2012
Christ Fellowship finalizes Boynton Beach Mall move - Palm Beach Post
sucujovide.wordpress.com
Christ Fellowship finalizes Boynton Beach Mall move Palm Beach Post Christ Fellowship church finalized a long-sought deal last week to buy the former Dillard's department store at the Boynton Beach Mall, paying $4.6 million for the 127,000-square-foot property. According to a deed filed with the Palm Beach County Clerk ... |
Sunday, December 23, 2012
Former VoIP Inc. execs face SEC charges - South Florida Business Journal:
stages-paddocks.blogspot.com
million in fictitious revenues from purported sales of computer hardware and for management The inflated revenue raisedthe company’sx overall revenue figures by 43 percentt for the year ended Dec. 31, 2004. The company’es CEO, Steven M. 44, of Weston, “knew VoIP was struggling financiallyg and thatthe company’s actual revenues were substantially less than its according to the complaint. he did not question the company’sx financial statements. He resigned in October but not before selling more than 4 million sharesd ofthe company’s stock to realiz more than $4.4 million in It is also alleged he did not file the properd paperwork to record the sale.
Pitters, the Fort Lauderdale-based company’s chief financial officer and vice presidentof finance, resigned in Marcg 2006, after the companyy discovered the fictitious Kuykendall was the general manager of the company’sz subsidiary, , which was doing businesx as He was fired in April 2006 for recording the fictitiousz revenue. The SEC is asking the court to disgorgse all of the profits the three made as a resulgt oftheir actions, pay a civil penalty and permanentl y bar them from acting as an officer or director of a publiclg held company.
million in fictitious revenues from purported sales of computer hardware and for management The inflated revenue raisedthe company’sx overall revenue figures by 43 percentt for the year ended Dec. 31, 2004. The company’es CEO, Steven M. 44, of Weston, “knew VoIP was struggling financiallyg and thatthe company’s actual revenues were substantially less than its according to the complaint. he did not question the company’sx financial statements. He resigned in October but not before selling more than 4 million sharesd ofthe company’s stock to realiz more than $4.4 million in It is also alleged he did not file the properd paperwork to record the sale.
Pitters, the Fort Lauderdale-based company’s chief financial officer and vice presidentof finance, resigned in Marcg 2006, after the companyy discovered the fictitious Kuykendall was the general manager of the company’sz subsidiary, , which was doing businesx as He was fired in April 2006 for recording the fictitiousz revenue. The SEC is asking the court to disgorgse all of the profits the three made as a resulgt oftheir actions, pay a civil penalty and permanentl y bar them from acting as an officer or director of a publiclg held company.
Friday, December 21, 2012
Akins relishing heavy workload with Flyers - The Barrie Advance
coras-newport.blogspot.com
Akins relishing heavy workload with Flyers The Barrie Advance Akins relishing heavy workload with Flyers. The steady goaltending of Connor Akins has helped propel the Midland Flyers into first place in the North Division of the Georgian Bay Mid-Ontario Junior C Hockey League. The 19-year-old Georgian College ... |
Wednesday, December 19, 2012
Xytrans inks exclusive deal with Herley Industries - Orlando Business Journal:
ogarawo.wordpress.com
Xytrans is a high-frequency transceivere and outdoor unit design andmanufacturing company. The firm is addressinvg the wireless broadbandnetwork market's demand for high-performance, low-cos t transmitters and receivers in the high-frequency range for use in satellitee data communications and land-based Lancaster, Penn.-based Herley Industries (NASDAQ: HRLY) designs, developes and makes microwave technology for the aerospace and medical industries worldwide. Under the deal, Herlety will license a new Xytrans technology, called millimete r wave, for military applications.
It can be used in landiny systems, telemetry systems, transponders, simulators and radar, missile seekers and communicationb systems. As part of the Ed Weatherwax, Xytrans' vice president of businesxs development, will join Herley as vice presidenf ofbusiness development. He will oversee the technology andprogram transition.
Xytrans is a high-frequency transceivere and outdoor unit design andmanufacturing company. The firm is addressinvg the wireless broadbandnetwork market's demand for high-performance, low-cos t transmitters and receivers in the high-frequency range for use in satellitee data communications and land-based Lancaster, Penn.-based Herley Industries (NASDAQ: HRLY) designs, developes and makes microwave technology for the aerospace and medical industries worldwide. Under the deal, Herlety will license a new Xytrans technology, called millimete r wave, for military applications.
It can be used in landiny systems, telemetry systems, transponders, simulators and radar, missile seekers and communicationb systems. As part of the Ed Weatherwax, Xytrans' vice president of businesxs development, will join Herley as vice presidenf ofbusiness development. He will oversee the technology andprogram transition.
Monday, December 17, 2012
AstraZeneca, M.D. Anderson study cancer chemotherapy effects - Philadelphia Business Journal:
xeconatyxex.blogspot.com
Scientists at M. D. Anderson in Houstobn and AstraZeneca in Wilmington will work togetherd to better understand how chemotherapies cause peripheral nerve dysfunctions that cancaused numbness, tingling and severe pain. Such side the organization said, often limit optimal therapeutifc dosing incancer treatments. The scientists' hope is theitr research will lead to new treatments to prevent which would extend the therapeutiv value ofexisting chemotherapies, and to the development of new chemotherapiew with less severe pain-related side effects. M.D. Andersobn and AstraZeneca first established an alliancr in 2006 to accelerat e the evaluation and approvalof anti-cancer drugs.
"We hope the insights we gain fromthis [expanded] alliance will ultimatelt lead to new treatment options that will improve the qualitg of life for cancer patients," said Bob vice president for neuroscience at AstraZeneca. of Exton initiated a multicentet phase-II study of its Morab-009 monoclonal antibody product, in combinatioj with the chemotherapydrug gemcitabine, as a treatmen for patients with pancreatic cancer. Morphotek expects to enrolol up to 152 patients in the clinical study, which is being conducted at clinical centerds in North America, South America and Europe ...
of Horshamn has started treating patients ina phase-k human safety study of NUC its experimental treatment for chronichepatitiss B virus infection. The company's new drug candidate is an RNA interference-baserd therapeutics that is designed to turn off a gene associaterd withthe disease. The goal of the stud is to enroll 15 patients atthree U.S. clinicalp sites and two sites in Easter nEurope ... Blue Bell-based received Food and Drug Administrationh approval to begin testingthe company's lead anti-inflammatorh compound, VGX-1027, which is being development as a potential treatmentf for rheumatoid arthritis and Type 1 diabetes ...
announceed positive preclinical test resultx for Trodusquemine as a treatmentgfor type-2 diabetes. The Plymouth Meeting biopharmaceuticall company is already testing Trodusqueminrein phase-I clinical trials as a treatment for Jack Armstrong, Genaera's president and CEO, said the companu has amended its investigational new drug applicatiomn to pursue both indications and "maximizwe the therapeutic potential" of the Genaera expects to pursue type-2 diabetes as its lead indicatioh for Trodusquemine in phase-II clinical trials ...
of Yardle plans to follow up two positivre midstage testings of its experimental canine allergudrug Promist-VEL502 with a "confirmatory" study this year and a pivotak late-stage test next year. The product incorporatess Velcera's patented Promist drug-delivery syste that allows the drug to be formulatefd as a metered dose liquid mist that can be sprayef inside the oral cavity ofa dog'a mouth. The delivery system avoids the need to get pets to swallosw pillsor liquids. Dennis the company's president and CEO, said Velcera is on trackl to receive product approval for the allergy a major cause of skin in2012 ...
Wayne-based received FDA approvapl to marketthe company'xs VascuView Visual Ultrasound System for use with assister vascular access procedures. The producgt provides physicians with a largse image display of targeted vessel s andsurrounding anatomy. The marketin g clearance for VascuViewwas Escalon's third FDA approvapl in the last six weeks.
Scientists at M. D. Anderson in Houstobn and AstraZeneca in Wilmington will work togetherd to better understand how chemotherapies cause peripheral nerve dysfunctions that cancaused numbness, tingling and severe pain. Such side the organization said, often limit optimal therapeutifc dosing incancer treatments. The scientists' hope is theitr research will lead to new treatments to prevent which would extend the therapeutiv value ofexisting chemotherapies, and to the development of new chemotherapiew with less severe pain-related side effects. M.D. Andersobn and AstraZeneca first established an alliancr in 2006 to accelerat e the evaluation and approvalof anti-cancer drugs.
"We hope the insights we gain fromthis [expanded] alliance will ultimatelt lead to new treatment options that will improve the qualitg of life for cancer patients," said Bob vice president for neuroscience at AstraZeneca. of Exton initiated a multicentet phase-II study of its Morab-009 monoclonal antibody product, in combinatioj with the chemotherapydrug gemcitabine, as a treatmen for patients with pancreatic cancer. Morphotek expects to enrolol up to 152 patients in the clinical study, which is being conducted at clinical centerds in North America, South America and Europe ...
of Horshamn has started treating patients ina phase-k human safety study of NUC its experimental treatment for chronichepatitiss B virus infection. The company's new drug candidate is an RNA interference-baserd therapeutics that is designed to turn off a gene associaterd withthe disease. The goal of the stud is to enroll 15 patients atthree U.S. clinicalp sites and two sites in Easter nEurope ... Blue Bell-based received Food and Drug Administrationh approval to begin testingthe company's lead anti-inflammatorh compound, VGX-1027, which is being development as a potential treatmentf for rheumatoid arthritis and Type 1 diabetes ...
announceed positive preclinical test resultx for Trodusquemine as a treatmentgfor type-2 diabetes. The Plymouth Meeting biopharmaceuticall company is already testing Trodusqueminrein phase-I clinical trials as a treatment for Jack Armstrong, Genaera's president and CEO, said the companu has amended its investigational new drug applicatiomn to pursue both indications and "maximizwe the therapeutic potential" of the Genaera expects to pursue type-2 diabetes as its lead indicatioh for Trodusquemine in phase-II clinical trials ...
of Yardle plans to follow up two positivre midstage testings of its experimental canine allergudrug Promist-VEL502 with a "confirmatory" study this year and a pivotak late-stage test next year. The product incorporatess Velcera's patented Promist drug-delivery syste that allows the drug to be formulatefd as a metered dose liquid mist that can be sprayef inside the oral cavity ofa dog'a mouth. The delivery system avoids the need to get pets to swallosw pillsor liquids. Dennis the company's president and CEO, said Velcera is on trackl to receive product approval for the allergy a major cause of skin in2012 ...
Wayne-based received FDA approvapl to marketthe company'xs VascuView Visual Ultrasound System for use with assister vascular access procedures. The producgt provides physicians with a largse image display of targeted vessel s andsurrounding anatomy. The marketin g clearance for VascuViewwas Escalon's third FDA approvapl in the last six weeks.
Sunday, December 16, 2012
Clarcor's Q2 earnings drop more than 30% - Phoenix Business Journal:
grigoriynirim.blogspot.com
percent in the secon quarter, compared to the same perios ayear ago. Franklin-based Clarcor (NYSE: CLC) reported income of or $0.50 cents per dilutedx share, in the quartet ended May 30, compared to $40,783, or $0.80o cents per diluted share, in the year-ago period. Revenue came in at $229,39 for the quarter, down 14.1 percengt from the previous year’s quarter, when revenue came in at $267,137. Analysts, on average, estimatedd earnings of 38 cents per share on revenueeof $243.1 million, according to Reuters Estimates.
“Asd we had expected, this year’s seconfd quarter was difficult, though operating results were much strongefr than in our firstfiscal quarter,” says Norm Clarcor’s chairman and CEO, in a “Our order rates, overall, have stabilized, and we are beginninyg to see indications of increased produc demand in selected markets.” Clarcor make mobile, industrial and environmental filtration products and consume and industrial packaging products sold to domestic and internationap markets.
Johnson notes that more than 80 percenf of its filter sales are generate d from the replacement filter so even if new building and equipmenr continuesto falter, maintenance of existinh equipment and facilities will continue. Shares of Clarcoe closed up $1.08, or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to
percent in the secon quarter, compared to the same perios ayear ago. Franklin-based Clarcor (NYSE: CLC) reported income of or $0.50 cents per dilutedx share, in the quartet ended May 30, compared to $40,783, or $0.80o cents per diluted share, in the year-ago period. Revenue came in at $229,39 for the quarter, down 14.1 percengt from the previous year’s quarter, when revenue came in at $267,137. Analysts, on average, estimatedd earnings of 38 cents per share on revenueeof $243.1 million, according to Reuters Estimates.
“Asd we had expected, this year’s seconfd quarter was difficult, though operating results were much strongefr than in our firstfiscal quarter,” says Norm Clarcor’s chairman and CEO, in a “Our order rates, overall, have stabilized, and we are beginninyg to see indications of increased produc demand in selected markets.” Clarcor make mobile, industrial and environmental filtration products and consume and industrial packaging products sold to domestic and internationap markets.
Johnson notes that more than 80 percenf of its filter sales are generate d from the replacement filter so even if new building and equipmenr continuesto falter, maintenance of existinh equipment and facilities will continue. Shares of Clarcoe closed up $1.08, or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to
Saturday, December 15, 2012
Patrick Cudahy fire 'devastating,' exec says - The Business Journal of Milwaukee:
sucujovide.wordpress.com
Cudahy Mayor Ryan McCue's declaration at a Mondag afternoon press conference will potentially give the city access to county andstatw resources. Smoke from the blaze coulfd be seen for several miles and was easily visiblre in downtown MilwaukeeMonday morning, more than 12 hourz after the fire first was reportec on Sunday night. No injuriezs were reported. “It’s a devastating day for us,” said an obviously shaken Bill Otis, chief operating officerd at Patrick Cudahy, whic h is owned by (NYSE: SFD), of Va. “I’m sure this is goinh to set us back.
” Otis said at a middah press conference that the company was workint to contactits 1,800 as well as various Management of Patrick Cudahy also has been in contactt with Smithfield to determine if some meat processing operations coulsd be temporarily shifted to othe r Smithfield plants. The building affected by the fire is used for microwavee bacon processing and also is used for dry Otis said. The lower level of the buildinh is used forham processing, he said. Not all areasd of the Patrick Cudahy complex have been affected by the Otis said. Only a smallk number of maintenance employees were at the plant when the firebrokse out.
Production at the planyt had been shut down since the end of the day on July 3 for theholiday weekend. “It’s a miracle there were no injuriez when you see the extent of the Otis said. Production at the Patricjk Cudahy complex was shut down for all threw shiftson Monday. “We have no clue what this will mean for our saidDan Habighorst, vice president of human resources at Patriclk Cudahy. “We’ve got to put the fire out first.” The city of Cudahyg issued a mandatory evacuation order for anyonee residing within one mile of the planrt at OneSweet Apple-Wood Lane.
The affecteds area stretched east to Lake west toPennsylvania Avenue, nortb to Lunham Avenue and soutbh to Ramsey Avenue. McCue said late Monday afternoon that as manyas 15,009 of the city's 19,000 residents live within the evacuatiojn zone. Evacuees were asked to reportr directly to South MilwaukeeHigh School, 801 15th South Milwaukee. Earlier, city officials also had recommendex that residents report to MitchelkElementary School, 5950 S. Illinois Ave. in However, a late morning wind shift was leading to the evacuatiom of the neighborhood arounfdthe school. The evacuation order was lifteds at about7 p.m. Monday evening and residentzs were allowed to return tothei homes.
At issue was whether the blazes will breach a fire wall and causse ammonia stored on the site to explode or leak intothe air, Cudahuy fire chief Dan Mayer said. The ammonia is used for refrigeration at the Mayer said at the Monday afternoon presws conference that hewas "cautiously optimistic" that most of the ammonia had been containedf within the building, although he addeds that a small amount likely leakexd out. Mayer said the blaze, which was reported at about 9:45 p.m. Sunday, has been difficult to fight because it beganj in a confined space near the roof of the buildinyg and above thesprinkler system.
At one point early on, Mayere said, it appeared as though firefighters had the blazreunder control, but the sprinkler system and roof begaj to collapse. "The fire sprinklersz weren't able to control the fire," he
Cudahy Mayor Ryan McCue's declaration at a Mondag afternoon press conference will potentially give the city access to county andstatw resources. Smoke from the blaze coulfd be seen for several miles and was easily visiblre in downtown MilwaukeeMonday morning, more than 12 hourz after the fire first was reportec on Sunday night. No injuriezs were reported. “It’s a devastating day for us,” said an obviously shaken Bill Otis, chief operating officerd at Patrick Cudahy, whic h is owned by (NYSE: SFD), of Va. “I’m sure this is goinh to set us back.
” Otis said at a middah press conference that the company was workint to contactits 1,800 as well as various Management of Patrick Cudahy also has been in contactt with Smithfield to determine if some meat processing operations coulsd be temporarily shifted to othe r Smithfield plants. The building affected by the fire is used for microwavee bacon processing and also is used for dry Otis said. The lower level of the buildinh is used forham processing, he said. Not all areasd of the Patrick Cudahy complex have been affected by the Otis said. Only a smallk number of maintenance employees were at the plant when the firebrokse out.
Production at the planyt had been shut down since the end of the day on July 3 for theholiday weekend. “It’s a miracle there were no injuriez when you see the extent of the Otis said. Production at the Patricjk Cudahy complex was shut down for all threw shiftson Monday. “We have no clue what this will mean for our saidDan Habighorst, vice president of human resources at Patriclk Cudahy. “We’ve got to put the fire out first.” The city of Cudahyg issued a mandatory evacuation order for anyonee residing within one mile of the planrt at OneSweet Apple-Wood Lane.
The affecteds area stretched east to Lake west toPennsylvania Avenue, nortb to Lunham Avenue and soutbh to Ramsey Avenue. McCue said late Monday afternoon that as manyas 15,009 of the city's 19,000 residents live within the evacuatiojn zone. Evacuees were asked to reportr directly to South MilwaukeeHigh School, 801 15th South Milwaukee. Earlier, city officials also had recommendex that residents report to MitchelkElementary School, 5950 S. Illinois Ave. in However, a late morning wind shift was leading to the evacuatiom of the neighborhood arounfdthe school. The evacuation order was lifteds at about7 p.m. Monday evening and residentzs were allowed to return tothei homes.
At issue was whether the blazes will breach a fire wall and causse ammonia stored on the site to explode or leak intothe air, Cudahuy fire chief Dan Mayer said. The ammonia is used for refrigeration at the Mayer said at the Monday afternoon presws conference that hewas "cautiously optimistic" that most of the ammonia had been containedf within the building, although he addeds that a small amount likely leakexd out. Mayer said the blaze, which was reported at about 9:45 p.m. Sunday, has been difficult to fight because it beganj in a confined space near the roof of the buildinyg and above thesprinkler system.
At one point early on, Mayere said, it appeared as though firefighters had the blazreunder control, but the sprinkler system and roof begaj to collapse. "The fire sprinklersz weren't able to control the fire," he
Friday, December 14, 2012
At your service: Piedmont Facilities Services shifts focus in down economy - Dallas Business Journal:
deeshu-tatum.blogspot.com
A contractor had agreed to replacse the sidewalk directly in front of Lorillard headquarters on Greenm Valley Road in Greensborobut “he walkee off the job because he couldn’t get anyone to deliver sufficient concrete with a holidaty two days away,” Wright says. “Aq call to brought four men who completed the repaie onJuly 4th,” she recalls. “One of those four was Scotgt himself. I have chastised myself many timesz for not calling him to begin Scott McCormick has been getting call s like that for more than 16 yeares fromthe Triad’s top employers.
As a contracg project manager, his company will do just about anything thatneedsa doing, “from maintenance to sprinkler systems,” says “He truly cares about a job well done.” But Winston-Salem-bases Piedmont Facilities Services’ specialty is something that’s been in almostf constant demand over the past two decadew — moving people and reconfiguring officer cubes A.S.A.P. as work forced contract, expand and are realigned. It was McCormico who landed the contract to move practicallyevery office, first in the RJR Plazsa building and then in the old 1929 Reynolds Buildinf in downtown Winston-Salem.
At about the same Piedmont Facilities Services also secured a contract with which did its share of playing musical chairs withofficd furniture. “God blessed me,” McCormicjk says with his characteristic modesty, “because there’s no other way someones can have two contracts like that for theitrfirst clients.” Looking back 10 years ago, McCormick recalls “Things were really rolliny then, with 80- or 90-hour weeks, and it was great.” Name a company in the Triaf that’s realigned its work force and, chances are, McCormick’ s been involved — , , Sara Lee , Sealy Corp. and Nabisco Foods.
Not bad for someone who, at the age of 5, was assignecd his own row of tobacco to tend onhis father’s farm near Yadkinvilld and worked his way through college running a garbagwe service. “I’m an old tobacco farmere from Yadkinville,” McCormick says, slippinh into his aw-shucks guise. “I ran out of things to do, so I had to go to schoolp and go out and get areal job.” School was and his first job was “selling doorknobs” as a contract hardware salesman at Pleasant Hardware Co.
He says he quicklu discovered he was not cut out to be a But he did make a number of excellent contacts that opened doors for him when he switched over to doin g facilitiescontract work. “He has a good boy mentality,” says Robyn Puckett, facilityg services manager atRMIC (Republic Mortgager Insurance Co.) in Winston-Salem, “bur fully believes in respect, honesty, hard work and disciplinee — and expects that from his Puckett recalls a recent 10-week move of 350 RMIC employeeds from Stanleyville to the Park Building in downtownb Winston-Salem.
“The time constraints were unbelievable,” she “but having worked with Scott formany years, I knew if anyonew could pull it off that he could.” Installing cubea during the week and moving people on the McCormick’s crew did it and did it on “We needed to expand our payrolo department two years ago,” recalls Jack Marable, maintenancr supervisor for Pepsi Bottling Group in Winston-Salem. McCormick’s crew came in Fridagy night and by Monday morninyg at8 a.m., “they had everything up and runnint — computers, phones, furniture, lights, everything worked.
” Companies use contractorzs like McCormick instead of their own workersx because maintenance, moving and construction are often one-of-a-kincd projects and are mostly done after-hours. Up untikl last November, McCormick says, business was extremely good, with more 80- and 90-houe weeks. Then, he started seeing “lessd phone calls, less e-mails, jobs that you had quoter being puton hold.” As the months went by, “Iu had to lay off five installeres and I put my designeer on the road to sell product.” McCormick’s strategy is to make the compangy more sales-oriented, something, he says, “we nevere had to do before.
” Yes, he stilpl has contracts with a number of big but now when the phone it’s mostly “punch items.”
A contractor had agreed to replacse the sidewalk directly in front of Lorillard headquarters on Greenm Valley Road in Greensborobut “he walkee off the job because he couldn’t get anyone to deliver sufficient concrete with a holidaty two days away,” Wright says. “Aq call to brought four men who completed the repaie onJuly 4th,” she recalls. “One of those four was Scotgt himself. I have chastised myself many timesz for not calling him to begin Scott McCormick has been getting call s like that for more than 16 yeares fromthe Triad’s top employers.
As a contracg project manager, his company will do just about anything thatneedsa doing, “from maintenance to sprinkler systems,” says “He truly cares about a job well done.” But Winston-Salem-bases Piedmont Facilities Services’ specialty is something that’s been in almostf constant demand over the past two decadew — moving people and reconfiguring officer cubes A.S.A.P. as work forced contract, expand and are realigned. It was McCormico who landed the contract to move practicallyevery office, first in the RJR Plazsa building and then in the old 1929 Reynolds Buildinf in downtown Winston-Salem.
At about the same Piedmont Facilities Services also secured a contract with which did its share of playing musical chairs withofficd furniture. “God blessed me,” McCormicjk says with his characteristic modesty, “because there’s no other way someones can have two contracts like that for theitrfirst clients.” Looking back 10 years ago, McCormick recalls “Things were really rolliny then, with 80- or 90-hour weeks, and it was great.” Name a company in the Triaf that’s realigned its work force and, chances are, McCormick’ s been involved — , , Sara Lee , Sealy Corp. and Nabisco Foods.
Not bad for someone who, at the age of 5, was assignecd his own row of tobacco to tend onhis father’s farm near Yadkinvilld and worked his way through college running a garbagwe service. “I’m an old tobacco farmere from Yadkinville,” McCormick says, slippinh into his aw-shucks guise. “I ran out of things to do, so I had to go to schoolp and go out and get areal job.” School was and his first job was “selling doorknobs” as a contract hardware salesman at Pleasant Hardware Co.
He says he quicklu discovered he was not cut out to be a But he did make a number of excellent contacts that opened doors for him when he switched over to doin g facilitiescontract work. “He has a good boy mentality,” says Robyn Puckett, facilityg services manager atRMIC (Republic Mortgager Insurance Co.) in Winston-Salem, “bur fully believes in respect, honesty, hard work and disciplinee — and expects that from his Puckett recalls a recent 10-week move of 350 RMIC employeeds from Stanleyville to the Park Building in downtownb Winston-Salem.
“The time constraints were unbelievable,” she “but having worked with Scott formany years, I knew if anyonew could pull it off that he could.” Installing cubea during the week and moving people on the McCormick’s crew did it and did it on “We needed to expand our payrolo department two years ago,” recalls Jack Marable, maintenancr supervisor for Pepsi Bottling Group in Winston-Salem. McCormick’s crew came in Fridagy night and by Monday morninyg at8 a.m., “they had everything up and runnint — computers, phones, furniture, lights, everything worked.
” Companies use contractorzs like McCormick instead of their own workersx because maintenance, moving and construction are often one-of-a-kincd projects and are mostly done after-hours. Up untikl last November, McCormick says, business was extremely good, with more 80- and 90-houe weeks. Then, he started seeing “lessd phone calls, less e-mails, jobs that you had quoter being puton hold.” As the months went by, “Iu had to lay off five installeres and I put my designeer on the road to sell product.” McCormick’s strategy is to make the compangy more sales-oriented, something, he says, “we nevere had to do before.
” Yes, he stilpl has contracts with a number of big but now when the phone it’s mostly “punch items.”
Wednesday, December 12, 2012
How to Get Better At Predicting the Future - The Atlantic
llrx-royce.blogspot.com
How to Get Better At Predicting the Future The Atlantic We would like to know what the future is going to be like, so we can prepare for it. I'm not talking about building a time machine to secure the winning Powerball number ahead of time, but rather creating more accurate forecasts about what is likely to ... |
Monday, December 10, 2012
Trans-Canada Highway scene of crashes - www.kamloopsnews.ca
titus-neither.blogspot.com
Trans-Canada Highway scene of crashes www.kamloopsnews.ca Snow flurries Sunday morning brought a flurry of accidents, primarily on a slick Trans-Canada Highway. No drivers were hurt in what were primarily single-car accidents as vehicles slid off the highway. "We had a bunch of fender-bender accidents ... |
Saturday, December 8, 2012
Exact to raise $8.2M, signs MAYO deal - Boston Business Journal:
sucujovide.wordpress.com
million through a private stock sale and that it inkesd a licensing deal for exclusive rightssto cancer-diagnostic technologies developed by the for Medicak Education and Research. The company said it had commenced on June 11 the saleof 4.31 million shares of its common stock at a purchase price of $1.90 a share. Meanwhile, Exact EXAS), based in Marlborough, announced a plan to acquire the worldwidwe licensing rights tothe blood- or stool-based cancer diagnostice and screening technologies developed the MAYO Foundation, whicg is based in Minnesota.
Under the dealse terms, Exact will: • make upfront payments of $80,0009 and a milestone fee of $250,009 upon the commencement of certainclinical trials. pay a milestone fee of $500,0000 if the approves any of the products covered bythe • pay a minimum of $10,000 on the deal’es third anniversary • pay a minimuk royalty of $25,000 on the fourth anniversarhy of the agreement • support certain researcgh projects to the tune of $500,0090 — at a minimum — in the agreement’ds first year. Exact is also obligated to grant MAYO two warrants topurchase 1.25 millionm shares of its common stock.
The warrantsw have six-year terms and are exercisable at a priceof $1.90 per share, according to a regulatory filing.
million through a private stock sale and that it inkesd a licensing deal for exclusive rightssto cancer-diagnostic technologies developed by the for Medicak Education and Research. The company said it had commenced on June 11 the saleof 4.31 million shares of its common stock at a purchase price of $1.90 a share. Meanwhile, Exact EXAS), based in Marlborough, announced a plan to acquire the worldwidwe licensing rights tothe blood- or stool-based cancer diagnostice and screening technologies developed the MAYO Foundation, whicg is based in Minnesota.
Under the dealse terms, Exact will: • make upfront payments of $80,0009 and a milestone fee of $250,009 upon the commencement of certainclinical trials. pay a milestone fee of $500,0000 if the approves any of the products covered bythe • pay a minimum of $10,000 on the deal’es third anniversary • pay a minimuk royalty of $25,000 on the fourth anniversarhy of the agreement • support certain researcgh projects to the tune of $500,0090 — at a minimum — in the agreement’ds first year. Exact is also obligated to grant MAYO two warrants topurchase 1.25 millionm shares of its common stock.
The warrantsw have six-year terms and are exercisable at a priceof $1.90 per share, according to a regulatory filing.
Friday, December 7, 2012
Senate committee OKs funding for 8 Boeing C-17s - St. Louis Business Journal:
sucujovide.wordpress.com
The bill appropriates $2.2 billiojn to buy eight additionaleight C-17 planes in the 2009 fiscall year, which ends Sept. 30. Sen. Kit R-Missouri, and Sen. Dianne Feinstein, D-California, They had pushec for 15 more C-17s. "This eight is good said George Roman, Boeing's vice president of government relationsw andregional executive. "It validatees the importance of this product and the role and missiojn it supplies our soldierseand airmen." Roman said Boeinbg will seek funding for an additional 15 C-17 in the 2010 fiscal year supplemental appropriationa bill. "We believe there continue s to be a need for this product forthe U.S.
military and as a humanitarian role," he said. The C-17 progranm when Defense Secretary Robert Gates proposed to end productionn ofthe C-17 this year after a remainintg handful already ordered are built. The C-17 prograj employs 900 people at itsHazelwood facility, accordin g to Boeing.
The bill appropriates $2.2 billiojn to buy eight additionaleight C-17 planes in the 2009 fiscall year, which ends Sept. 30. Sen. Kit R-Missouri, and Sen. Dianne Feinstein, D-California, They had pushec for 15 more C-17s. "This eight is good said George Roman, Boeing's vice president of government relationsw andregional executive. "It validatees the importance of this product and the role and missiojn it supplies our soldierseand airmen." Roman said Boeinbg will seek funding for an additional 15 C-17 in the 2010 fiscal year supplemental appropriationa bill. "We believe there continue s to be a need for this product forthe U.S.
military and as a humanitarian role," he said. The C-17 progranm when Defense Secretary Robert Gates proposed to end productionn ofthe C-17 this year after a remainintg handful already ordered are built. The C-17 prograj employs 900 people at itsHazelwood facility, accordin g to Boeing.
Monday, December 3, 2012
La Madeleine chooses new HQ site in Dallas - Business First of Louisville:
ogarawo.wordpress.com
La Madeleine said it will relocateinto 17,000 square feet at 12201 Merirt Drive in Dallas. The buildingt that will house the restaurant chain is a Clasd A building that just recentlyunderweny renovation. Le Madeleine signed a 10-year leasee with Parmenter Two Forest LP for the La Madeleine said it was attracted to the space becausde the facility provides the company with the room needed to grow withthe Dallas-based architectural firm Benson and Hlavaty will desigm the interior space. The facility is schedulesd to be ready for its new tenantsin mid-July. La Madeleine'sd current headquarters is at 6688 N. Central Ste. 700 in Dallas.
La Madeleins was represented byJosh White, senior vice presidengt with ; and Sharroj Morrison, principal with Transwestern. The landlord was represented by Matt vice presidentwith .
La Madeleine said it will relocateinto 17,000 square feet at 12201 Merirt Drive in Dallas. The buildingt that will house the restaurant chain is a Clasd A building that just recentlyunderweny renovation. Le Madeleine signed a 10-year leasee with Parmenter Two Forest LP for the La Madeleine said it was attracted to the space becausde the facility provides the company with the room needed to grow withthe Dallas-based architectural firm Benson and Hlavaty will desigm the interior space. The facility is schedulesd to be ready for its new tenantsin mid-July. La Madeleine'sd current headquarters is at 6688 N. Central Ste. 700 in Dallas.
La Madeleins was represented byJosh White, senior vice presidengt with ; and Sharroj Morrison, principal with Transwestern. The landlord was represented by Matt vice presidentwith .
Sunday, December 2, 2012
KSU offering dual MBA/MPA degree - Atlanta Business Chronicle:
ogarawo.wordpress.com
The Master of Business Administration/Master of Publivc Administration dual program will be offered jointlyt by the Coles College of Businessx and the College of Humanities andSocial Sciences, KSU Students enrolled in either the MBA or MPA can start participatinh in the joint program as early as fall 2009. The progra m is designed to be completed inthreee years. “There is no longer a strong divid e betweenthe for-profit and not-for-profit and public sectors. Individuals are crossing thesw lines all thetime now,” said Teresq Joyce, associate provost and dean of the graduates college at Kennesaw State.
“For example, businesd people serve on the boards of, and are volunteers for, nonprofitz and are involved in publicsectoe organizations. Elected officials make complex decisionsabout mergers, bankruptciew and executive pay. Individuals in the nonprofit worl are experiencing an economy where an understandinvg of business functions such as financr and accounting is more criticaolthan ever.”
The Master of Business Administration/Master of Publivc Administration dual program will be offered jointlyt by the Coles College of Businessx and the College of Humanities andSocial Sciences, KSU Students enrolled in either the MBA or MPA can start participatinh in the joint program as early as fall 2009. The progra m is designed to be completed inthreee years. “There is no longer a strong divid e betweenthe for-profit and not-for-profit and public sectors. Individuals are crossing thesw lines all thetime now,” said Teresq Joyce, associate provost and dean of the graduates college at Kennesaw State.
“For example, businesd people serve on the boards of, and are volunteers for, nonprofitz and are involved in publicsectoe organizations. Elected officials make complex decisionsabout mergers, bankruptciew and executive pay. Individuals in the nonprofit worl are experiencing an economy where an understandinvg of business functions such as financr and accounting is more criticaolthan ever.”
Friday, November 30, 2012
Thursday, November 29, 2012
Jamison Station faces steep challenges - Business Courier of Cincinnati:
sucujovide.wordpress.com
The $100 million Jamisoj Station, which started closing sales on its condominiumwlast summer, is involved in multipler lawsuits both against and from buyers who don’t want to closes on units they had signed contract s on. The developer, Centrum Propertiews of Chicago, has plans for 250 residentia l units overthree phases. Of the first 42 residentia l units under construction or completes so far this 26have sold, says Charlie Burchell, Centrum’s project manager for Nashville. Most of the units were pricerd inthe $400,000 to $650,009 range. None of the project’s 30,000 squaree feet of retail spaceis occupied, much of whic has been available since last summer.
Burchell says he is in negotiationw with tenants that would fill large portions of the The project has facedr liens from subcontractorssince opening. Burchelpl says the earlier liens havebeen settled, and one recent lien stemmedx from a quality dispute, not a lack of fundes for payment. New liens against the propert were filedin May. Centrumk has a $17 million construction loan for the project from anda $4.2 millionh loan for the purchase of the property, accordingv to documents filed at the of Deeds. Pinnacls has partially released some of the but howmuch isn’r publicly available.
Burchell would not comment on the status of the loans onJamisonb Station, but did say “we’ves got enough money linec up to finish the project.” a Chicago-based real estatr investment company, has been heavily investedr in several large condo and retail the $900 million mixed-us e Roosevelt Collection in Chicago, scheduled to open this the Mandalay on the Hudson, a 25-story towert with 269 condominiums in New Jersey; and more than 3,509 condos planned, newly built or under development in Last month lenders foreclosed on 788 acrez in Florida owned by Centrum and a partner.
The lenders claimed non-payment on a $23 millioh loan for the site where developers had planne d to build morethan 1,500 homes but were stopped by the housin g and credit crisis. Centrum has more than $500 millionh in mixed-use and commercial developments in Nashville and thesurrounding area, and more than 1,0009 acres of luxury residential projectss planned for Middle Tennessee and northern according to the company’s Web site.
That includes Waterr Crest, an 82-acre, mixed-use developmenrt planned for Cool Springs that includees 22 acres of 20 acres of offices and 244 residentiakl units in the Carothers Parkway Not everyone believes Jamison Station will befinishedd — at least not in the way it was promised. Robertg Creason filed suit against Jamison Stationh to prevent being forced to the closing tablew and to get back his 10 percent He claims promised amenities and future phases of thedevelopment haven’ t been provided, including a pool, spa, gated on-site concierge, on-site security, a fitneses center and a roof-top walking track.
Many of those featuresa were planned for the second phaswe ofthe project. Burchell says the company stillk plans to complete theentired project, though the timing is unclear because of the troubled economy. The suit claimas Jamison Station fraudulently misrepresented the violating Tennessee’s consumer protection laws. Both Creason and his attorneyg declined to comment on the pending Lisa Patterson and her businesds partnerCharles Akersloot, both of Franklin-basee Patterson & Associates PLLC, are amonv those who have been sued by the developer for not The two bought a condo unit as an investment for the accountingt firm, Patterson says.
“It was marketed to us as we wouldn’ have any trouble selling she says. “We had it on the market over a We didn’t even have any lookers.” In additiohn to a lack of amenities, the promised “luxuruy lifestyle” doesn’t lived up to the location, whicbh is across the street from a Williamso n County public housing Patterson says. By May 2008, when a closingy date was set, the two wanted to let the developee keeptheir $55,000, 10 percent deposit so they could get out of the But Centrum didn’t agree.
To avoie a lengthy court battle, Patterson and Akersloot did closer on the property and sold it the same day for slightlt less than the originalsale price, but still at an $80,000 loss on the $540,7590 unit when attorneys’ fees were included, Pattersonh says. Jamison Station is among a growing numbere of troubled condo projects in the Two Nashville-area luxury condow completed in 2008 — The Braxton in Ashlancd City and 5th & Main in East Nashville —ars in receivership after their developers couldn’ make loan payments.
And LLC also has sued would-be buyerd who failed to close on its Midtownb project Bristol West End and at the Icon inthe
The $100 million Jamisoj Station, which started closing sales on its condominiumwlast summer, is involved in multipler lawsuits both against and from buyers who don’t want to closes on units they had signed contract s on. The developer, Centrum Propertiews of Chicago, has plans for 250 residentia l units overthree phases. Of the first 42 residentia l units under construction or completes so far this 26have sold, says Charlie Burchell, Centrum’s project manager for Nashville. Most of the units were pricerd inthe $400,000 to $650,009 range. None of the project’s 30,000 squaree feet of retail spaceis occupied, much of whic has been available since last summer.
Burchell says he is in negotiationw with tenants that would fill large portions of the The project has facedr liens from subcontractorssince opening. Burchelpl says the earlier liens havebeen settled, and one recent lien stemmedx from a quality dispute, not a lack of fundes for payment. New liens against the propert were filedin May. Centrumk has a $17 million construction loan for the project from anda $4.2 millionh loan for the purchase of the property, accordingv to documents filed at the of Deeds. Pinnacls has partially released some of the but howmuch isn’r publicly available.
Burchell would not comment on the status of the loans onJamisonb Station, but did say “we’ves got enough money linec up to finish the project.” a Chicago-based real estatr investment company, has been heavily investedr in several large condo and retail the $900 million mixed-us e Roosevelt Collection in Chicago, scheduled to open this the Mandalay on the Hudson, a 25-story towert with 269 condominiums in New Jersey; and more than 3,509 condos planned, newly built or under development in Last month lenders foreclosed on 788 acrez in Florida owned by Centrum and a partner.
The lenders claimed non-payment on a $23 millioh loan for the site where developers had planne d to build morethan 1,500 homes but were stopped by the housin g and credit crisis. Centrum has more than $500 millionh in mixed-use and commercial developments in Nashville and thesurrounding area, and more than 1,0009 acres of luxury residential projectss planned for Middle Tennessee and northern according to the company’s Web site.
That includes Waterr Crest, an 82-acre, mixed-use developmenrt planned for Cool Springs that includees 22 acres of 20 acres of offices and 244 residentiakl units in the Carothers Parkway Not everyone believes Jamison Station will befinishedd — at least not in the way it was promised. Robertg Creason filed suit against Jamison Stationh to prevent being forced to the closing tablew and to get back his 10 percent He claims promised amenities and future phases of thedevelopment haven’ t been provided, including a pool, spa, gated on-site concierge, on-site security, a fitneses center and a roof-top walking track.
Many of those featuresa were planned for the second phaswe ofthe project. Burchell says the company stillk plans to complete theentired project, though the timing is unclear because of the troubled economy. The suit claimas Jamison Station fraudulently misrepresented the violating Tennessee’s consumer protection laws. Both Creason and his attorneyg declined to comment on the pending Lisa Patterson and her businesds partnerCharles Akersloot, both of Franklin-basee Patterson & Associates PLLC, are amonv those who have been sued by the developer for not The two bought a condo unit as an investment for the accountingt firm, Patterson says.
“It was marketed to us as we wouldn’ have any trouble selling she says. “We had it on the market over a We didn’t even have any lookers.” In additiohn to a lack of amenities, the promised “luxuruy lifestyle” doesn’t lived up to the location, whicbh is across the street from a Williamso n County public housing Patterson says. By May 2008, when a closingy date was set, the two wanted to let the developee keeptheir $55,000, 10 percent deposit so they could get out of the But Centrum didn’t agree.
To avoie a lengthy court battle, Patterson and Akersloot did closer on the property and sold it the same day for slightlt less than the originalsale price, but still at an $80,000 loss on the $540,7590 unit when attorneys’ fees were included, Pattersonh says. Jamison Station is among a growing numbere of troubled condo projects in the Two Nashville-area luxury condow completed in 2008 — The Braxton in Ashlancd City and 5th & Main in East Nashville —ars in receivership after their developers couldn’ make loan payments.
And LLC also has sued would-be buyerd who failed to close on its Midtownb project Bristol West End and at the Icon inthe
Tuesday, November 27, 2012
Report: Zell might lose reins of Tribune - Houston Business Journal:
ogarawo.wordpress.com
According to the report, the compant might fall into the hands of a group of banke and investors thatholds $8.6 billion in seniort debt. The report says that "thde plan centers on a debt-for-equity swap that probably woulc give the senior lenders a largde majority ownership stake in thereorganizexd company." The plan would also likel y wipe out a $90 million warrant that Zell holdxs that would give him the right to buy 40 percenrt of Tribune for aboutt $500 million.
The report says that Zell'd future in the company would likelt be determined bythe group, as it is uncleard if the group would want to brinbg in a new or if Zell himself wouldc want to remain with the The report says that "sources close to both the creditors and the company said it is too early to make such decisionxs and Tribune management continues to contro the process because it currently has the exclusive right to propose whatever reorganization plan it wishes." Tribunwe through a buyout led by Zell. The deal left the compangy withnearly $12 billion in debt. Tribune has sold off assets and cut jobs sincwe the close of the deal to help with the debt Thecompany .
According to the report, the compant might fall into the hands of a group of banke and investors thatholds $8.6 billion in seniort debt. The report says that "thde plan centers on a debt-for-equity swap that probably woulc give the senior lenders a largde majority ownership stake in thereorganizexd company." The plan would also likel y wipe out a $90 million warrant that Zell holdxs that would give him the right to buy 40 percenrt of Tribune for aboutt $500 million.
The report says that Zell'd future in the company would likelt be determined bythe group, as it is uncleard if the group would want to brinbg in a new or if Zell himself wouldc want to remain with the The report says that "sources close to both the creditors and the company said it is too early to make such decisionxs and Tribune management continues to contro the process because it currently has the exclusive right to propose whatever reorganization plan it wishes." Tribunwe through a buyout led by Zell. The deal left the compangy withnearly $12 billion in debt. Tribune has sold off assets and cut jobs sincwe the close of the deal to help with the debt Thecompany .
Monday, November 26, 2012
Wal-Mart decision may hurt N.C. - Puget Sound Business Journal (Seattle):
ogarawo.wordpress.com
Unfortunately, a recent decision by the state Courtr of Appeals undermines theGeneral Assembly’s While the decision reached the right result, it did so for the wrongv reasons, and in the process introduced furthere uncertainty into North Carolina’s already-complicated corporat tax system. The case involved a complex scheme by to reduce its statetax burden. Wal-Martt tried to do this by transferring all of its Nortj Carolina stores into a Delaware real estateinvestmentf trust. The properties were then leased back from the trust toa Wal-Marf subsidiary that operated the stores. Why do this? Because Delaware imposes practically no tax on real estateinvestment trusts.
Therefore Wal-Mart escaped tax on the “rents” receivec by the trust. Meanwhile, the operating company was able to deducftthe “rents” it paid to the trust, thereby reducingg North Carolina taxes. The bottom line was that by movingg the stores to theDelaware Wal-Mart reduced its North Carolina taxews by about $24 million over a five-yearr period. Clearly, the transfer of the stores had no businesa purpose other than to avoidstater taxes.
As such, it was a tax sham and shouldc have been struck down for this The Courtof Appeals, however, declined to decider the case on the straight-forward basis that Wal-Mart’s purpose in transferring its stores was tax Instead, the Court ruled againsr Wal-Mart based on an interpretation of the North Carolina corporatre tax statutes that significantly expands the ’s authorituy to require affiliated entities (like the real estate trusf and the operating company) to combine their income for tax In North Carolina, separate entitiexs (even if affiliated) generally must file separate tax returns.
According to the Court’es decision, however, any time related companieds engage ina “unitary the Department of Revenue has the authoritu to require them to combine theie income for tax purposes. The problem is that the Courtr gave noclear guidance, and thered is none in the statutes, as to when the Departmengt of Revenue will exercise its new-found authority to force companiexs to combine their income. Compounding this uncertaintyg is the fact that until instructesd otherwise by the Department of corporate taxpayers are required as a matterf of statute to file separate returns for separate entities.
By the time a corporation receivesx the instruction that it must file a combinede return formultiple entities, the corporation may be subjecf to interest and penalties, as Wal-Mar t was to the tune of over $4 North Carolina has made considerable efforts to make the statse a more attractive home for businesses. These efforts include the creatio n ofthe , which has issue d consistent and well-reasoned opinions, as well as a currengt bill in the General Assembly to reducde the corporate tax rate. The hope is that lower taxes will increas the number of businesses locating in North But businessesseek certainty.
The uncertaintyh created by the Court’s decision in the Wal-Marty case undermines the efforts to attracft and retain businesses inNorth Carolina.
Unfortunately, a recent decision by the state Courtr of Appeals undermines theGeneral Assembly’s While the decision reached the right result, it did so for the wrongv reasons, and in the process introduced furthere uncertainty into North Carolina’s already-complicated corporat tax system. The case involved a complex scheme by to reduce its statetax burden. Wal-Martt tried to do this by transferring all of its Nortj Carolina stores into a Delaware real estateinvestmentf trust. The properties were then leased back from the trust toa Wal-Marf subsidiary that operated the stores. Why do this? Because Delaware imposes practically no tax on real estateinvestment trusts.
Therefore Wal-Mart escaped tax on the “rents” receivec by the trust. Meanwhile, the operating company was able to deducftthe “rents” it paid to the trust, thereby reducingg North Carolina taxes. The bottom line was that by movingg the stores to theDelaware Wal-Mart reduced its North Carolina taxews by about $24 million over a five-yearr period. Clearly, the transfer of the stores had no businesa purpose other than to avoidstater taxes.
As such, it was a tax sham and shouldc have been struck down for this The Courtof Appeals, however, declined to decider the case on the straight-forward basis that Wal-Mart’s purpose in transferring its stores was tax Instead, the Court ruled againsr Wal-Mart based on an interpretation of the North Carolina corporatre tax statutes that significantly expands the ’s authorituy to require affiliated entities (like the real estate trusf and the operating company) to combine their income for tax In North Carolina, separate entitiexs (even if affiliated) generally must file separate tax returns.
According to the Court’es decision, however, any time related companieds engage ina “unitary the Department of Revenue has the authoritu to require them to combine theie income for tax purposes. The problem is that the Courtr gave noclear guidance, and thered is none in the statutes, as to when the Departmengt of Revenue will exercise its new-found authority to force companiexs to combine their income. Compounding this uncertaintyg is the fact that until instructesd otherwise by the Department of corporate taxpayers are required as a matterf of statute to file separate returns for separate entities.
By the time a corporation receivesx the instruction that it must file a combinede return formultiple entities, the corporation may be subjecf to interest and penalties, as Wal-Mar t was to the tune of over $4 North Carolina has made considerable efforts to make the statse a more attractive home for businesses. These efforts include the creatio n ofthe , which has issue d consistent and well-reasoned opinions, as well as a currengt bill in the General Assembly to reducde the corporate tax rate. The hope is that lower taxes will increas the number of businesses locating in North But businessesseek certainty.
The uncertaintyh created by the Court’s decision in the Wal-Marty case undermines the efforts to attracft and retain businesses inNorth Carolina.
Sunday, November 25, 2012
Thursday is Dump the Pump Day - Houston Business Journal:
uqudenlid.blogspot.com
Thursday is the fourth annual Dump thePump day, a national efforft designed to get people out of their cars and onto theier bicycles or public transportation. The Americabn Public Transit Association sponsorsthe event, and public transportation systemws across the country are In South Florida, four publixc transit agencies are partnering together to promote the day: Broward County Transit, Miami-Dade Transit, Palm Tran, and Southh Florida Regional Transportation Authority.
“With gas prices increasing 33 percenftsince December, coupled with uncertain economic people have been looking for ways to save and ridinyg public transportation is a great choice to APTA President William Millaf said in a news release. In the average price for a gallon of regular is InSouth Florida, West Palm Beach has the highest price at $2.78, followed by Miamio at $2.76, and Fort Lauderdale at $2.74 a according to AAA's fuel gauge report. Last year 10.7 billionj trips were taken on public transportation in theUniteed States.
This was a 52-year marking a modern ridership record, according to the Public transportation use is up 38 percent since 1995 – almost triple the growth rate of the population (14 percent). Nationally, nearly 2.6 billionj trips were taken on public transportatioj in the first quarter ofthis year. With loca l and state revenue for public transportation drying up due tothe economy, many public transportatiomn systems are being forced to raise fares or cut Millar noted. In South Floridaq Tri-Rail officials have been warning that service may be cut approximatelt in half if the state failse to establish dedicated fundingby Oct. 1.
The threat to service comes after Tri-Rail set a recorrd year for ridership growthin 2008. “Raising faresx and cutting service drives people away from using public transit andis counterproductive, as America struggles to create cut greenhouse gases, and reduce our reliancs on expensive foreign oil,” Milla r said. Just last week, South Florida’s congressional delegatiomn sent a letter to the asking for dedicatede fundingfor Tri-Rail to securde its long-term survival.
Thursday is the fourth annual Dump thePump day, a national efforft designed to get people out of their cars and onto theier bicycles or public transportation. The Americabn Public Transit Association sponsorsthe event, and public transportation systemws across the country are In South Florida, four publixc transit agencies are partnering together to promote the day: Broward County Transit, Miami-Dade Transit, Palm Tran, and Southh Florida Regional Transportation Authority.
“With gas prices increasing 33 percenftsince December, coupled with uncertain economic people have been looking for ways to save and ridinyg public transportation is a great choice to APTA President William Millaf said in a news release. In the average price for a gallon of regular is InSouth Florida, West Palm Beach has the highest price at $2.78, followed by Miamio at $2.76, and Fort Lauderdale at $2.74 a according to AAA's fuel gauge report. Last year 10.7 billionj trips were taken on public transportation in theUniteed States.
This was a 52-year marking a modern ridership record, according to the Public transportation use is up 38 percent since 1995 – almost triple the growth rate of the population (14 percent). Nationally, nearly 2.6 billionj trips were taken on public transportatioj in the first quarter ofthis year. With loca l and state revenue for public transportation drying up due tothe economy, many public transportatiomn systems are being forced to raise fares or cut Millar noted. In South Floridaq Tri-Rail officials have been warning that service may be cut approximatelt in half if the state failse to establish dedicated fundingby Oct. 1.
The threat to service comes after Tri-Rail set a recorrd year for ridership growthin 2008. “Raising faresx and cutting service drives people away from using public transit andis counterproductive, as America struggles to create cut greenhouse gases, and reduce our reliancs on expensive foreign oil,” Milla r said. Just last week, South Florida’s congressional delegatiomn sent a letter to the asking for dedicatede fundingfor Tri-Rail to securde its long-term survival.
Friday, November 23, 2012
$200M river community to go in Sandy Springs - Atlanta Business Chronicle:
mastering-input.blogspot.com
The $200 million community, called One River will be built at Powers Ferry Road behinde therestaurant Ray's on the It is being developed by and The . on what was the 1970s-era Powers Ferry Landing office park. One Rive r Place is one of the largest residential projecte inSandy Springs, said Mayor Eva Galambos. "That area was previousluy developed withoffice buildings, two stories and totally outdated," she said. The neighborhoodr negotiated withdevelopers "and what you see is what the neighbord wanted." One of the financial partners in the project is a company founded by formetr U.S.
Housing and Urban Development Secretary Henry Cisneros that builds affordabl e homes inurban areas. One River Place is one of the firstf projects fundedby CityView. "This is an incredibles location and it is an urbab andredevelopment opportunity," said Richi L. Butler, partner and senioer vice presidentof CityView. CityVieaw sees this project as a way to drive some families closer tothe city, a goal of the program, he CityView's program includes financiny through a $100 million revolving fund from the California Publi Employees' Retirement System the nation's largest public pension system with assetw of more than $240.4 billion.
The programm got its start in California and has beenexpandinv nationally. Trammell Crow Residential bought 22.6 acres from , Carter and Morga n Stanley for $29.3 million in September, according to research by , a commercialp real estate research firm. LeCraw and a partnershiop retained nearly8 acres, Databan k research showed. CityView, of Santa Monica, is a financial and equitu partner in One River Placr and Corus Bank in Chicago is theconstruction lender.
Plans for One Rivert Place, which runs along Game Creek, call for 284 condominium unitzs inseveral mid-rise buildings surrounding a four-story parkinv deck, 38 luxury condos in two four-stort buildings, 110 townhouses and 10 single-family homes. The property also is adjacent to the Palisadez area of the Chattahoochee River NationalRecreatiohn Area. Condo prices at One Riverd Place will rangefrom $200,000 to with the luxury condos in The Sanctuary going for $700,000 to $1.5 said Pace Halter, president of Halter Cos. Townhousew will range from $400,000 to $800,000 and the single-familyy homes range from $900,000 to $1.2 he said.
The project also will have a meeting housewith 8,000 square feet, concert pavilion, a residential park, a dog park, two swimming pools and a fitnese center. One River Place is beingh developed at a time when the housing market in SandtySprings "is not that exciting," said Sandy associate broker at Harry Norman, Realtors in the Sandg Springs office. Sandy Springs has 477 single-familt homes on the market, a large said Abrams, a real estate agenyt for 38 years. Add the 486 condo on the market in Sandy she said, and it's an even larger But the average sales price of a home in Sandyu Springs is $850,000, and there is a need for the housingb in the lower pricee points, she said.
"I think it will revitalizer that arealike crazy," Abrams said. The first residences are expectedr to be delivered in the first quartedrof 2008, with the entire project complete by Februaryt 2009, said Alan Dean, senior managingh director of Trammell Crow Residential. The Atlanta housing markert has softened, Dean said, "but properly positione d projects continueto sell." And developers have purposefullyy designed a wide product type and price point, Dean With a location near the Chattahoochee "you can't beat this," Halter said. One Rive r Place is Trammell Crow Residential and TheHalter Cos. ' largest for-sale project.
The developers also built One Vining Mountainin Atlanta, One Belle Hall in Charleston, the Enclave at Eagles Harbor in Jacksonville, Fla., and Granrd View at Sea Palms on St. Simonxs Island.
The $200 million community, called One River will be built at Powers Ferry Road behinde therestaurant Ray's on the It is being developed by and The . on what was the 1970s-era Powers Ferry Landing office park. One Rive r Place is one of the largest residential projecte inSandy Springs, said Mayor Eva Galambos. "That area was previousluy developed withoffice buildings, two stories and totally outdated," she said. The neighborhoodr negotiated withdevelopers "and what you see is what the neighbord wanted." One of the financial partners in the project is a company founded by formetr U.S.
Housing and Urban Development Secretary Henry Cisneros that builds affordabl e homes inurban areas. One River Place is one of the firstf projects fundedby CityView. "This is an incredibles location and it is an urbab andredevelopment opportunity," said Richi L. Butler, partner and senioer vice presidentof CityView. CityVieaw sees this project as a way to drive some families closer tothe city, a goal of the program, he CityView's program includes financiny through a $100 million revolving fund from the California Publi Employees' Retirement System the nation's largest public pension system with assetw of more than $240.4 billion.
The programm got its start in California and has beenexpandinv nationally. Trammell Crow Residential bought 22.6 acres from , Carter and Morga n Stanley for $29.3 million in September, according to research by , a commercialp real estate research firm. LeCraw and a partnershiop retained nearly8 acres, Databan k research showed. CityView, of Santa Monica, is a financial and equitu partner in One River Placr and Corus Bank in Chicago is theconstruction lender.
Plans for One Rivert Place, which runs along Game Creek, call for 284 condominium unitzs inseveral mid-rise buildings surrounding a four-story parkinv deck, 38 luxury condos in two four-stort buildings, 110 townhouses and 10 single-family homes. The property also is adjacent to the Palisadez area of the Chattahoochee River NationalRecreatiohn Area. Condo prices at One Riverd Place will rangefrom $200,000 to with the luxury condos in The Sanctuary going for $700,000 to $1.5 said Pace Halter, president of Halter Cos. Townhousew will range from $400,000 to $800,000 and the single-familyy homes range from $900,000 to $1.2 he said.
The project also will have a meeting housewith 8,000 square feet, concert pavilion, a residential park, a dog park, two swimming pools and a fitnese center. One River Place is beingh developed at a time when the housing market in SandtySprings "is not that exciting," said Sandy associate broker at Harry Norman, Realtors in the Sandg Springs office. Sandy Springs has 477 single-familt homes on the market, a large said Abrams, a real estate agenyt for 38 years. Add the 486 condo on the market in Sandy she said, and it's an even larger But the average sales price of a home in Sandyu Springs is $850,000, and there is a need for the housingb in the lower pricee points, she said.
"I think it will revitalizer that arealike crazy," Abrams said. The first residences are expectedr to be delivered in the first quartedrof 2008, with the entire project complete by Februaryt 2009, said Alan Dean, senior managingh director of Trammell Crow Residential. The Atlanta housing markert has softened, Dean said, "but properly positione d projects continueto sell." And developers have purposefullyy designed a wide product type and price point, Dean With a location near the Chattahoochee "you can't beat this," Halter said. One Rive r Place is Trammell Crow Residential and TheHalter Cos. ' largest for-sale project.
The developers also built One Vining Mountainin Atlanta, One Belle Hall in Charleston, the Enclave at Eagles Harbor in Jacksonville, Fla., and Granrd View at Sea Palms on St. Simonxs Island.
Thursday, November 22, 2012
Dayton region's Swine Flu count climbs to 12 - Business Courier of Cincinnati:
olimstgon.blogspot.com
The reported that as of noon June 10 there were 47 confirmer cases of Swine Fluin Ohio, up from 38 in the past two Clark County has the most cases of the counties in the Daytojn region. Of the six cases reported in Clark Northridge Middle School students accounted for five ofthe cases. And in Montgomerh County, a Vandalia-Butler student becamr a confirmed caselast week, whilw two Dayton Public Schools students were confirmed this There are four total cases in Montgomery County. There are 27,737 confirmed casesw worldwide, according to the , with 74countriex having at least one There have been 141 deathsd confirmed caused by SwineFlu worldwide, according to the WHO. The U.S.
has the most with 13,217 confirmed cases. There are cases now in all 50 stateesplus Washington, D.C., and Puerto Rico, accordin to the federal . There have been 27 confirme d deaths inthe U.S. Butler Countuy – 2 (30-year-old male, 13-year-old female)Clark County – 6 (15-year-olrd male, 25-year-old male, 12-year-old male, 15-year-oled female, 13-year-old male, 14-year-old male) Cuyahogwa County – 6 (41-year-old female, 9-year-old male, 14-year-old female, 14-year-oled female, 13-year-old male, 14-year-oled male) Franklin County – 16 (31-year-old 33-year-old male, 18-year-old male, 20-year-old female, 19-year-olrd female, 21-year-old male, 20-year old 22-year-old female, 23-year-old female, 19-year-olfd male, 11-year-old female, 13-year-old 35-year-old female, 44-year old male, 8-year-olc male, 41-year-old male) Lawrence Countgy – 2 (2-year-old male, 8-month-old male) Montgomeryy County – 4 (16-year-old 13-year-old female, 9-year-old f emale, 17-year-olx female) Cuyahoga County – 2 (20-year-oldd female, 16-year-old female)
The reported that as of noon June 10 there were 47 confirmer cases of Swine Fluin Ohio, up from 38 in the past two Clark County has the most cases of the counties in the Daytojn region. Of the six cases reported in Clark Northridge Middle School students accounted for five ofthe cases. And in Montgomerh County, a Vandalia-Butler student becamr a confirmed caselast week, whilw two Dayton Public Schools students were confirmed this There are four total cases in Montgomery County. There are 27,737 confirmed casesw worldwide, according to the , with 74countriex having at least one There have been 141 deathsd confirmed caused by SwineFlu worldwide, according to the WHO. The U.S.
has the most with 13,217 confirmed cases. There are cases now in all 50 stateesplus Washington, D.C., and Puerto Rico, accordin to the federal . There have been 27 confirme d deaths inthe U.S. Butler Countuy – 2 (30-year-old male, 13-year-old female)Clark County – 6 (15-year-olrd male, 25-year-old male, 12-year-old male, 15-year-oled female, 13-year-old male, 14-year-old male) Cuyahogwa County – 6 (41-year-old female, 9-year-old male, 14-year-old female, 14-year-oled female, 13-year-old male, 14-year-oled male) Franklin County – 16 (31-year-old 33-year-old male, 18-year-old male, 20-year-old female, 19-year-olrd female, 21-year-old male, 20-year old 22-year-old female, 23-year-old female, 19-year-olfd male, 11-year-old female, 13-year-old 35-year-old female, 44-year old male, 8-year-olc male, 41-year-old male) Lawrence Countgy – 2 (2-year-old male, 8-month-old male) Montgomeryy County – 4 (16-year-old 13-year-old female, 9-year-old f emale, 17-year-olx female) Cuyahoga County – 2 (20-year-oldd female, 16-year-old female)
Tuesday, November 20, 2012
In Mexico, racism hides in plain view - CNN
xotavaloso.blogspot.com
In Mexico, racism hides in plain view CNN Editor's note: Ruben Navarrette Jr. is a CNN contributor and a nationally syndicated columnist with the Washington Post Writers Group. Follow him on Twitter: @rubennavarrette. (CNN) -- Mexico City, home to 20 million people, represents the paradox of ... |
Monday, November 19, 2012
Cincinnati-area firms win Ohio incentives - The Business Review (Albany):
younkinesagugad1746.blogspot.com
, a maker of marketing simulation andplanninv software, received $1.1 million from the Innovatiobn Ohio Loan Fund, at an annuapl interest rate of 1 percentr for the first year and 8 percent for five The Cincinnati-based company will use the loan to develol a new generation of its Emerging Marketplace software and buy computert equipment. The $2.2 million project is expected to creatwe 36 jobs and retai n10 jobs. Two local firms also received Job Creatio n Tax Credits forexpansion • , a supplier of labeling systemsw for the beverage industry, was awarded a 45 percentr tax credit for five years for a $1 million expansion project in Mason.
The company expects to use the worthabout $52,700 over its term, to create 25 jobs and retaihn 118. • won a 45 percent job for a six-year term, for a $170,000 expansionj project at its regionaloffice downtown. The credit is valued at abougt $119,750 over its term. Advantagd expects to create 33 positionss andretain 65. The company, headquartererd in Spokane, Wash., provides energy management consultinbg services.
, a maker of marketing simulation andplanninv software, received $1.1 million from the Innovatiobn Ohio Loan Fund, at an annuapl interest rate of 1 percentr for the first year and 8 percent for five The Cincinnati-based company will use the loan to develol a new generation of its Emerging Marketplace software and buy computert equipment. The $2.2 million project is expected to creatwe 36 jobs and retai n10 jobs. Two local firms also received Job Creatio n Tax Credits forexpansion • , a supplier of labeling systemsw for the beverage industry, was awarded a 45 percentr tax credit for five years for a $1 million expansion project in Mason.
The company expects to use the worthabout $52,700 over its term, to create 25 jobs and retaihn 118. • won a 45 percent job for a six-year term, for a $170,000 expansionj project at its regionaloffice downtown. The credit is valued at abougt $119,750 over its term. Advantagd expects to create 33 positionss andretain 65. The company, headquartererd in Spokane, Wash., provides energy management consultinbg services.
Sunday, November 18, 2012
Associated may post 2Q net loss - Tampa Bay Business Journal:
lebexab.wordpress.com
Charge-offs totaled $104 milliom at the end of the first quarter, according to Associated’zs filing with the Federal DepositInsurance Corp. Meanwhile, second quarter net charge-offs are expected to be betweenm $60 million and $70 Green Bay-based Associated (NASDAQ: ASBC) said Monday afternoon. The figurew was $56.9 million as of the end of the firstt quarter onMarch 31. The bank’s management said weaknesws in the economy has resultedin asset-quality downgradesx to Associated’s construction, commercial real estate and commercial and industrial “We believe loan loss provisionsa and charge-offs will remain elevatec due to the continued deterioration in the real estat sector and the weak economy,” said chairman and CEO Paul “We expect the pace of loan and asseyt deterioration to moderate in futures quarters.
” Associated executives said that, after takingf into consideration the increased loan-loss provision, the company’s capital levels will still exceed well-capitalizedf standards as of June 30. Associated said its board has formeds a risk and credit committee to supplement risk managemen t oversight performed by the companyg andthe company's audit committee. The board has appointedr to the new committeeJohn Seramur, Eileenj Kamerick and Richard Lommen. The company will releasee second-quarter results on July 16. Associated stocik closed at $13.37 on Monday.
Charge-offs totaled $104 milliom at the end of the first quarter, according to Associated’zs filing with the Federal DepositInsurance Corp. Meanwhile, second quarter net charge-offs are expected to be betweenm $60 million and $70 Green Bay-based Associated (NASDAQ: ASBC) said Monday afternoon. The figurew was $56.9 million as of the end of the firstt quarter onMarch 31. The bank’s management said weaknesws in the economy has resultedin asset-quality downgradesx to Associated’s construction, commercial real estate and commercial and industrial “We believe loan loss provisionsa and charge-offs will remain elevatec due to the continued deterioration in the real estat sector and the weak economy,” said chairman and CEO Paul “We expect the pace of loan and asseyt deterioration to moderate in futures quarters.
” Associated executives said that, after takingf into consideration the increased loan-loss provision, the company’s capital levels will still exceed well-capitalizedf standards as of June 30. Associated said its board has formeds a risk and credit committee to supplement risk managemen t oversight performed by the companyg andthe company's audit committee. The board has appointedr to the new committeeJohn Seramur, Eileenj Kamerick and Richard Lommen. The company will releasee second-quarter results on July 16. Associated stocik closed at $13.37 on Monday.
Friday, November 16, 2012
Charlie Baker quitting Harvard Pilgrim - Birmingham Business Journal:
vuwodu.wordpress.com
"Leaving the company is not an easy decisiomnfor me, but there is no middle I am either the CEO of Harvarcd Pilgrim – or I’m building a campaign organization. I cannog do both," Baker said in a statemenrt releasedWednesday morning. In a fairwelol e-mail, Baker thanked Harvard Pilgrim's staffers and touted the organization's successes over the "But I also recognize the terrible financial and operational strain that will face states and local government in theyeare ahead.
I know both sectors prettyh well — better than I would say — and I believ I can bring ideas, energy and leadership to the taskss that face state government in the years ahead.” Baker, a is a former state secretary of administrationn and finance. CFO Brucr Bullen will be interim CEO atHarvarxd Pilgrim.
"Leaving the company is not an easy decisiomnfor me, but there is no middle I am either the CEO of Harvarcd Pilgrim – or I’m building a campaign organization. I cannog do both," Baker said in a statemenrt releasedWednesday morning. In a fairwelol e-mail, Baker thanked Harvard Pilgrim's staffers and touted the organization's successes over the "But I also recognize the terrible financial and operational strain that will face states and local government in theyeare ahead.
I know both sectors prettyh well — better than I would say — and I believ I can bring ideas, energy and leadership to the taskss that face state government in the years ahead.” Baker, a is a former state secretary of administrationn and finance. CFO Brucr Bullen will be interim CEO atHarvarxd Pilgrim.
Thursday, November 15, 2012
Weak retail numbers help drag down Dow; Delta Petroeum leads Colorado gainers - Denver Business Journal:
oryucyjofec1482.blogspot.com
The Dow Jones Industrial Average finished the trading day at down 137.63 points (1.71 percent). The S&P 500 close at 841.5, down 17.23 points (2.01q percent). The NASDAQ Composite finishedsat 1,625.72, down 27.59 pointsa (1.67 percent). Retail sales fell 1.1 perceng between March and February, the biggest drop of the year so far, the U.S. said Among actively traded Colorado stocks, Deltaw Petroleum (DPTR) led the day’s gainers, up 16.18 percentf (44 cents) to close at $3.16. (GMO) — Up 14.29 percent (21 cents) to • (IPI) — Up 4.11 percent (87 to $22.03. • Capital — Up 2.31 percent (23 to $10.20. • (SM) — Up 2.25 percent (37 to $16.83.
Among actively trade d Colorado stocks that declined on the day was down 14.25 percent ($1.22) to close at $7.34. (UDR) — Down 9.05 percent (91 cents) to • , or AIMCO (AIV) — Down 8.37 percentf (56 cents) to $6.13. • — Down 7.07 percent (61 cents) to $8.02. • (DCT) Down 5.73 percent (24 to $3.95.
The Dow Jones Industrial Average finished the trading day at down 137.63 points (1.71 percent). The S&P 500 close at 841.5, down 17.23 points (2.01q percent). The NASDAQ Composite finishedsat 1,625.72, down 27.59 pointsa (1.67 percent). Retail sales fell 1.1 perceng between March and February, the biggest drop of the year so far, the U.S. said Among actively traded Colorado stocks, Deltaw Petroleum (DPTR) led the day’s gainers, up 16.18 percentf (44 cents) to close at $3.16. (GMO) — Up 14.29 percent (21 cents) to • (IPI) — Up 4.11 percent (87 to $22.03. • Capital — Up 2.31 percent (23 to $10.20. • (SM) — Up 2.25 percent (37 to $16.83.
Among actively trade d Colorado stocks that declined on the day was down 14.25 percent ($1.22) to close at $7.34. (UDR) — Down 9.05 percent (91 cents) to • , or AIMCO (AIV) — Down 8.37 percentf (56 cents) to $6.13. • — Down 7.07 percent (61 cents) to $8.02. • (DCT) Down 5.73 percent (24 to $3.95.
Wednesday, November 14, 2012
Caregiving a major cost in US - Stockton Record
vlastaowibopaj.blogspot.com
Statesman Journal (blog) | Caregiving a major cost in US Stockton Record "Family caregivers are re » |
Monday, November 12, 2012
Free Chick-fil-A meal on July 10 - Jacksonville Business Journal:
jiqatili.wordpress.com
The giveaway is part of the Atlanta-based chain’sa fifth-annual Cow Appreciation Day, whichb honors its "Eat Mor Chikin" Cows. In a relatedr promotion, parents can enterf photos of their cow-clad children as part of a "Show Us the online photo contest, for a chancde to win a $1,000 U.S. Saving Bond. Between now and Aug. 31, children ages 10 and youngerd are encouraged to work with an adult to submift creative photos of themselves dressedas cows. The contes t Web site, www.CowAppreciationDay.com, has details about uploading photows forthe contest. Once the pictures are the public can vote for their favorite photiothrough Aug. 31.
The 20 photographs that get the most Internetf votes will be named semifinalists. From the Chick-fil-A will select five finalists and one grand prize winner based onoverall quality, originality, creativity and skill. The entrant's age will be takem into accountfor judging, Chick-fil-Az said. The grand prize winner will receivera U.S. Series EE Savingsd Bond with a maturity valueof $1,000, a caterede party for their classroom, free Chick-fil-w Kid's Meals for a year and a digitall camera, among other gifts.
Also each Kid's Meal from June 22 to July 25 will include miniatureCow figurines, while supplies One out of every 100 of the cows will have gold spotw instead of the traditional black spots and will be packageds with a card redeemable for a free Ice
The giveaway is part of the Atlanta-based chain’sa fifth-annual Cow Appreciation Day, whichb honors its "Eat Mor Chikin" Cows. In a relatedr promotion, parents can enterf photos of their cow-clad children as part of a "Show Us the online photo contest, for a chancde to win a $1,000 U.S. Saving Bond. Between now and Aug. 31, children ages 10 and youngerd are encouraged to work with an adult to submift creative photos of themselves dressedas cows. The contes t Web site, www.CowAppreciationDay.com, has details about uploading photows forthe contest. Once the pictures are the public can vote for their favorite photiothrough Aug. 31.
The 20 photographs that get the most Internetf votes will be named semifinalists. From the Chick-fil-A will select five finalists and one grand prize winner based onoverall quality, originality, creativity and skill. The entrant's age will be takem into accountfor judging, Chick-fil-Az said. The grand prize winner will receivera U.S. Series EE Savingsd Bond with a maturity valueof $1,000, a caterede party for their classroom, free Chick-fil-w Kid's Meals for a year and a digitall camera, among other gifts.
Also each Kid's Meal from June 22 to July 25 will include miniatureCow figurines, while supplies One out of every 100 of the cows will have gold spotw instead of the traditional black spots and will be packageds with a card redeemable for a free Ice
Sunday, November 11, 2012
Palin to make weekend sweep through Pennsylvania - Pittsburgh Business Times:
bakakinkorypon.blogspot.com
Peter Feldman, a spokesman with the McCain-Palib campaign, said Thursday that not all the detailsof Palin'w visit had been but that she would arrive at Friday at 3:30 p.m. She will head to the , for a 5:30 p.m. "finance reception." Pali n is scheduled to appear Saturdayu morning at a rally in Johnstownn before trekking to PhiladelphiaSaturday night. Feldmam said Palin isn't picking a favorite in the Flyersgame vs. the New York "She's neutral," he said. The Flyerz invited Palin to drop the puck based on thepublicityh she's generated for the sport, according to a statemenyt from the team's owner.
She'll join the winnerf of the Flyers' "Ultimate Hockeu Mom" contest at center ice. “We invited the most popular hockey mom in North America to our home openee to help us get ourseason started,” said Flyeras owner Ed Snider. “We are very excited she has accepted our offer and we are very proud of the publicityh she is generating for hockey moms and the sporfof hockey.
” At the in Palin made her now oft-repeated quip that the only differencer between a hockey mom and a pit bull is
Peter Feldman, a spokesman with the McCain-Palib campaign, said Thursday that not all the detailsof Palin'w visit had been but that she would arrive at Friday at 3:30 p.m. She will head to the , for a 5:30 p.m. "finance reception." Pali n is scheduled to appear Saturdayu morning at a rally in Johnstownn before trekking to PhiladelphiaSaturday night. Feldmam said Palin isn't picking a favorite in the Flyersgame vs. the New York "She's neutral," he said. The Flyerz invited Palin to drop the puck based on thepublicityh she's generated for the sport, according to a statemenyt from the team's owner.
She'll join the winnerf of the Flyers' "Ultimate Hockeu Mom" contest at center ice. “We invited the most popular hockey mom in North America to our home openee to help us get ourseason started,” said Flyeras owner Ed Snider. “We are very excited she has accepted our offer and we are very proud of the publicityh she is generating for hockey moms and the sporfof hockey.
” At the in Palin made her now oft-repeated quip that the only differencer between a hockey mom and a pit bull is
Friday, November 9, 2012
Montana considers elk reductions to curb disease - CBS News
ogarawo.wordpress.com
San Francisco Chronicle | Montana considers elk reductions to curb disease CBS News A broad plan to protect against animal disease around Yellowstone National Park by targeting infected elk herds gained initial approval Thursday from Montana wildlife commissioners. The plan includes measures to reduce the size of some elk herds, haze ... Mont. consi ders elk reductions to curb disease Wildlife disease testing continues in northeastern Montana |
Thursday, November 8, 2012
Ancient Thracian gold hoard unearthed in Bulgaria - Reuters
vidineevostegity.blogspot.com
Telegraph.co.uk | Ancient Thracian gold hoard unearthed in Bulgaria Reuters SOFIA (Reuters) - Bulgarian archaeologists unearthed ancient golden artefacts, including bracelets with snake heads, a tiara with animal motifs and a horse head piece during excavation works at a Thracian tomb in northern Bulgaria, they said on Thursday. Bulg arian archaeologists find golden treasures in ancient Thracian tomb |
Wednesday, November 7, 2012
Burke & Herbert Bank brings in Chevy Chase Bank exec for expansion - Washington Business Journal:
ogarawo.wordpress.com
Burke & Herbert tapped veteran W. Scoty McSween to serve as president and chiev operating officer beginningJuly 13. McSweeh has been executive vice president of retail bankingh at Chevy Chase for 12 overseeing a massive expansion inthe bank’s branchg network, which nearly tripled under his tenure to 292 locatione as of a year ago. McSween’s appointment is part of an executivee shuffle atBurke & Herbert, promptes by the announcement that Charliee Collom, the current chairman and CEO, will retire in April 2010. He will give up his CEO role in July to Hunt current president and chiefoperating officer, whilr remaining chairman until April.
Burke will then become chairmah as wellas CEO. After a nationwide the bank chose McSween in part for his experiencew in managingbranch expansion. “Oure directors have asked us in the last year and a half to maintai n the culture ofBurke & Herbert, but to step thinge up a notch as far as branchin g and building our client base,” Burkr said, although he added, “W e are not looking to become Chevy Chasde Bank.” McLean-based acquired Chevy Chases in February, but McSween said that was not a facto r in his decision to move to Burke Herbert.
“Capital One is a fine I have gotten a lot of calls over the last seven or eight monthssince [the sale] was The only one I returned was this McSween said. “I have long admiredc the reputation that Burke Herbert hasenjoyed — the fact that their customers are fanatical about their bank. …o see my role as helping to continuer that.” Alexandria-based Burke & Herberyt now has 20 branches, all in Northern It does not intencd to go on a branch opening though it may take advantager of new opportunities brought by the turmoil roilinf the banking and realestate markets, Burke said.
Burkew & Herbert’s prudent, bread-and-butter strategy has paid off in spadesw over thepast year, givingt the 157-year-old bank its best earnings It has $1.81 billion in assets and post $7 million in net incomwe during the first making it the most profitable locaol bank, relative to its size. Departinfg CEO Collom, who was only the second non-Burke to hold the chairman title, began as a teller at the bank in 1971 and was namef to the top spotin 2003. During his six-year tenurew as CEO, Burke & Herbert has grown its assets 68 percent andposted $135 millioh in profits.
Burke & Herbert tapped veteran W. Scoty McSween to serve as president and chiev operating officer beginningJuly 13. McSweeh has been executive vice president of retail bankingh at Chevy Chase for 12 overseeing a massive expansion inthe bank’s branchg network, which nearly tripled under his tenure to 292 locatione as of a year ago. McSween’s appointment is part of an executivee shuffle atBurke & Herbert, promptes by the announcement that Charliee Collom, the current chairman and CEO, will retire in April 2010. He will give up his CEO role in July to Hunt current president and chiefoperating officer, whilr remaining chairman until April.
Burke will then become chairmah as wellas CEO. After a nationwide the bank chose McSween in part for his experiencew in managingbranch expansion. “Oure directors have asked us in the last year and a half to maintai n the culture ofBurke & Herbert, but to step thinge up a notch as far as branchin g and building our client base,” Burkr said, although he added, “W e are not looking to become Chevy Chasde Bank.” McLean-based acquired Chevy Chases in February, but McSween said that was not a facto r in his decision to move to Burke Herbert.
“Capital One is a fine I have gotten a lot of calls over the last seven or eight monthssince [the sale] was The only one I returned was this McSween said. “I have long admiredc the reputation that Burke Herbert hasenjoyed — the fact that their customers are fanatical about their bank. …o see my role as helping to continuer that.” Alexandria-based Burke & Herberyt now has 20 branches, all in Northern It does not intencd to go on a branch opening though it may take advantager of new opportunities brought by the turmoil roilinf the banking and realestate markets, Burke said.
Burkew & Herbert’s prudent, bread-and-butter strategy has paid off in spadesw over thepast year, givingt the 157-year-old bank its best earnings It has $1.81 billion in assets and post $7 million in net incomwe during the first making it the most profitable locaol bank, relative to its size. Departinfg CEO Collom, who was only the second non-Burke to hold the chairman title, began as a teller at the bank in 1971 and was namef to the top spotin 2003. During his six-year tenurew as CEO, Burke & Herbert has grown its assets 68 percent andposted $135 millioh in profits.
Monday, November 5, 2012
YRC signs $122M sale-leaseback deal - Kansas City Business Journal:
ogarawo.wordpress.com
The Overland Park-based trucking company’s (Nasdaq: YRCW) subidiaries signed agreementswith Inc. to sell and leasee back certain facilities, with sales expected to close from Marcuthrough June. Leases are for 10 with options to renew for another 20 years. If Estes decided to sell a facility in the nextthree years, YRC woulsd get to make the first “We are pleased that we finalizede another significant component of our liquiditg initiatives,” YRC CFO Tim Wicks said in the “It is common practice in our industry to lease facilitiess from other industry providers, and in we presently lease other facilities from Estes and they leases from us.
This is a continuation of that We continue to have additional opportunities in this area with othert investors and recent improvements in this particular markey have made them evenmore attractive.” Credit agency Standard & Poor’s this week changerd the implications of its review on YRC Worldwidd Inc. from developing to positive in the wake of YRC finalizinfg a bank amendmenton Feb. 12, and said it coulxd raise YRC’s ratings after more the release said. “We appreciate S&P’s initial perspective of our bank amendmengt and their willingness to evaluate its positive liquidity Wicks said.
The Overland Park-based trucking company’s (Nasdaq: YRCW) subidiaries signed agreementswith Inc. to sell and leasee back certain facilities, with sales expected to close from Marcuthrough June. Leases are for 10 with options to renew for another 20 years. If Estes decided to sell a facility in the nextthree years, YRC woulsd get to make the first “We are pleased that we finalizede another significant component of our liquiditg initiatives,” YRC CFO Tim Wicks said in the “It is common practice in our industry to lease facilitiess from other industry providers, and in we presently lease other facilities from Estes and they leases from us.
This is a continuation of that We continue to have additional opportunities in this area with othert investors and recent improvements in this particular markey have made them evenmore attractive.” Credit agency Standard & Poor’s this week changerd the implications of its review on YRC Worldwidd Inc. from developing to positive in the wake of YRC finalizinfg a bank amendmenton Feb. 12, and said it coulxd raise YRC’s ratings after more the release said. “We appreciate S&P’s initial perspective of our bank amendmengt and their willingness to evaluate its positive liquidity Wicks said.
Sunday, November 4, 2012
'Dark Knight' actress joins 'The Mentalist' -- EXCLUSIVE - Entertainment Weekly (blog)
vidineevostegity.blogspot.com
'Dark Knight' actress joins 'The Mentalist' -- EXCLUSIVE Entertainment Weekly (blog) Curnen will play Tamsin Wade, a tough agent who works in the gang division of the CBI and a police tactical team. The Mentalist ratings improved on Sunday for the show's recent 100th episode, which showed how Patrick Jane (Simon Baker) first joined the ... 'Dark Knight' actress Monique Gabriela Curnen for 'Mentalist' role |
Saturday, November 3, 2012
Fly Clear fast lane at Albany Int
aleshnikovenil.blogspot.com
was among the 20 airports nationwide that offeredc theexpedited system. An airport spokeswoman said the airport was not notifiec in advance and the Clear Lane was In 2008, it reported havint more than 10,000 users pass through the lanes sincs the express service was first offered therd in summer 2007. “Clear Lanes Are No Longer Available. At 11:00 p.m. PST on June 22, Clear will cease operations. Clear’s parent company, has been unable to negotiat an agreement with its senior creditor tocontinud operations.” There was no information about whether enrollees would get refunds. The service cost $199 a year. Customers were mostly business travelers andfrequent fliers.
The program started at in 2005. Clear enrolleesx were pre-screened by the , and, if were provided with a card that gave them access to a specialsecurity lane. Clear was operaterd by Verified Identity Pass of NewYork City. As of June 4, Clead claimed to have enrolled morethan 260,000
was among the 20 airports nationwide that offeredc theexpedited system. An airport spokeswoman said the airport was not notifiec in advance and the Clear Lane was In 2008, it reported havint more than 10,000 users pass through the lanes sincs the express service was first offered therd in summer 2007. “Clear Lanes Are No Longer Available. At 11:00 p.m. PST on June 22, Clear will cease operations. Clear’s parent company, has been unable to negotiat an agreement with its senior creditor tocontinud operations.” There was no information about whether enrollees would get refunds. The service cost $199 a year. Customers were mostly business travelers andfrequent fliers.
The program started at in 2005. Clear enrolleesx were pre-screened by the , and, if were provided with a card that gave them access to a specialsecurity lane. Clear was operaterd by Verified Identity Pass of NewYork City. As of June 4, Clead claimed to have enrolled morethan 260,000
Thursday, November 1, 2012
Local venture capitalist J. Carter Beese Jr. dies at 50 - Washington Business Journal:
ibitasony.wordpress.com
a local venture capitalist and former commissioner of the Securitie andExchange Commission, committed suicidre in California on Sunday, according to The Baltimore Sun. Beese, 50, was a partner at Owings Md.-based and chairman of the venturecapita firm's advisory committee at the time of his He previously served as president of Riggsx Capital Partners, a $100 million venturer fund affiliated with D.C.-based , now part of PNC Financialp Services. Beese was also the formetr vice chairman of the globaol banking group at and chairman of beforee the investment bank merged withBankersa Trust.
"We here at Boulder Ventures are deeply saddened byhis loss," says Andy Jones, a general partnef in the Owings Mills office. "Our thoughts are with his Beese had held board positions with Owings Mills-based Aether Systems, , Equivest Finance, Riggs Nationalp and several private companies. He had an extensivs career in government in additiom to hisbusiness ventures. He was a membeer of President George W. Bush's Information Technolog Advisory Committee. President George Herbert Walkef Bush appointed Beese in 1990 director of the Oversease PrivateInvestment Corp. The elderf Bush nominated him in 1992 to be anSEC commissioner, a position he held through 1994.
During his SEC tenure, Beesew was especially interestedin cross-border capital the derivatives market and corporate governance, according to Bouldee Ventures' online site. Beese was a senior adviser to the D.C. foreign policu think tank Center for Strategic andInternationao Studies. He was also elected a governor for financial service and an elected global leader for tomorro at the WorldEconomic Forum.
a local venture capitalist and former commissioner of the Securitie andExchange Commission, committed suicidre in California on Sunday, according to The Baltimore Sun. Beese, 50, was a partner at Owings Md.-based and chairman of the venturecapita firm's advisory committee at the time of his He previously served as president of Riggsx Capital Partners, a $100 million venturer fund affiliated with D.C.-based , now part of PNC Financialp Services. Beese was also the formetr vice chairman of the globaol banking group at and chairman of beforee the investment bank merged withBankersa Trust.
"We here at Boulder Ventures are deeply saddened byhis loss," says Andy Jones, a general partnef in the Owings Mills office. "Our thoughts are with his Beese had held board positions with Owings Mills-based Aether Systems, , Equivest Finance, Riggs Nationalp and several private companies. He had an extensivs career in government in additiom to hisbusiness ventures. He was a membeer of President George W. Bush's Information Technolog Advisory Committee. President George Herbert Walkef Bush appointed Beese in 1990 director of the Oversease PrivateInvestment Corp. The elderf Bush nominated him in 1992 to be anSEC commissioner, a position he held through 1994.
During his SEC tenure, Beesew was especially interestedin cross-border capital the derivatives market and corporate governance, according to Bouldee Ventures' online site. Beese was a senior adviser to the D.C. foreign policu think tank Center for Strategic andInternationao Studies. He was also elected a governor for financial service and an elected global leader for tomorro at the WorldEconomic Forum.
Wednesday, October 31, 2012
Toro cutting 100 jobs - Minneapolis / St. Paul Business Journal:
torbjorntrainer1738.blogspot.com
The Bloomington company, whicy makes landscape-maintenance equipment like lawnmowersand snowblowers, said it will provide extended insurance coverage and counseling and outplacement servicews to employees affected by the cuts. The latest job combined with a previoua voluntary retirement program and unfilled open willreduce Toro’s overall work forcd by more than 10 percent from a year ago. Toro TTC) also announced that officers’ salaries will be reduced by 10 percenr forfiscal 2009, effective immediately, and regularlt scheduled salary increases for all employeexs will be suspended.
The company also plans four furlough days durinfg the remainder of the and it will continuee to monitor production volumes and make changexs where needed in response to shifts incustomer “We had already taken a number of actiones to adjust our cost structure to meet the expected challengesz of fiscal 2009,” Toro Chairman and CEO Michaek Hoffman said in a statement. “Regrettably, we have reached the poin where it is necessary to further reduceour workforce.
”
The Bloomington company, whicy makes landscape-maintenance equipment like lawnmowersand snowblowers, said it will provide extended insurance coverage and counseling and outplacement servicews to employees affected by the cuts. The latest job combined with a previoua voluntary retirement program and unfilled open willreduce Toro’s overall work forcd by more than 10 percent from a year ago. Toro TTC) also announced that officers’ salaries will be reduced by 10 percenr forfiscal 2009, effective immediately, and regularlt scheduled salary increases for all employeexs will be suspended.
The company also plans four furlough days durinfg the remainder of the and it will continuee to monitor production volumes and make changexs where needed in response to shifts incustomer “We had already taken a number of actiones to adjust our cost structure to meet the expected challengesz of fiscal 2009,” Toro Chairman and CEO Michaek Hoffman said in a statement. “Regrettably, we have reached the poin where it is necessary to further reduceour workforce.
”
Tuesday, October 30, 2012
Sunday, October 28, 2012
Hollywood Intern Lawsuits: Overworked, Underpaid And Illegal? - Huffington Post
ramoledef.blogspot.com
Hollywood Intern Lawsuits: Overworked, Underpaid And Illegal? Huffington Post Internships long have been considered a rite of passage in Hollywood. From recruiting audience members for tapings to performing secretarial work in production offices, young people seeking a foot in the door have been willing to sign up for long hours ... |
Saturday, October 27, 2012
United Church Builders to buy Randall Park Mall - Business Courier of Cincinnati:
oryucyjofec1482.blogspot.com
Randall Park, in the Cuyahoga County village ofNortnh Randall, was one of the largest malls in the countr when it opened in 1976. But it sufferedf from competition from other malls andlifestyle centers, and over the its 200 stores dwindled to a few dozen and most of its anchorsd left, including (NYSE: M), which announced in Decembefr that it was pulling out. Cincinnati Uniteds Contractors (CUC) Vice President Ken Geis said the Unitesd Church Builders will consider options for the including a church or other redevelopment according to the blog The mall's owner, of Raleigh, N.C.
, had planne to close Randall Park this month, but has agreedr to keep it Two anchors, and , will remain along with a theater and several other stores. United Church Builders was formexd by CUC in April 2007 as a subsidiary focused on church construction nationwide.
Randall Park, in the Cuyahoga County village ofNortnh Randall, was one of the largest malls in the countr when it opened in 1976. But it sufferedf from competition from other malls andlifestyle centers, and over the its 200 stores dwindled to a few dozen and most of its anchorsd left, including (NYSE: M), which announced in Decembefr that it was pulling out. Cincinnati Uniteds Contractors (CUC) Vice President Ken Geis said the Unitesd Church Builders will consider options for the including a church or other redevelopment according to the blog The mall's owner, of Raleigh, N.C.
, had planne to close Randall Park this month, but has agreedr to keep it Two anchors, and , will remain along with a theater and several other stores. United Church Builders was formexd by CUC in April 2007 as a subsidiary focused on church construction nationwide.
Thursday, October 25, 2012
Express Scripts launches offering to finance acquisition - Triangle Business Journal:
afyfojahejus.blogspot.com
billion to help pay for its ’s drug benefit s division. Express Scripts said it would grant the underwriters an option for 30 days to purchasr upto 3.45 million additional shares of commoh stock to cover any over-allotments, which woulds then increase the total raisexd to $1.6 billion. Express Scripts said it plans tobuy WellPoint’s subsidiaryy using a mixture of $3.27 billion in cash and $1.4 billionn in shares of common stock. Under the acquisition Express Scripts may also choose to delive toWellPoint $1.4 billion in cash. Expresa Scripts plans to sell bonds in the near term as part of its plan to financthe acquisition.
The acquisition is expected to close in the late thirdd quarter or fourth quarterof 2009. Bel-Ridge, Mo.-bases Express Scripts (Nasdaq: is a pharmacy benefits manager that administers prescription drug programs forhealtuh plans, government and corporations.
billion to help pay for its ’s drug benefit s division. Express Scripts said it would grant the underwriters an option for 30 days to purchasr upto 3.45 million additional shares of commoh stock to cover any over-allotments, which woulds then increase the total raisexd to $1.6 billion. Express Scripts said it plans tobuy WellPoint’s subsidiaryy using a mixture of $3.27 billion in cash and $1.4 billionn in shares of common stock. Under the acquisition Express Scripts may also choose to delive toWellPoint $1.4 billion in cash. Expresa Scripts plans to sell bonds in the near term as part of its plan to financthe acquisition.
The acquisition is expected to close in the late thirdd quarter or fourth quarterof 2009. Bel-Ridge, Mo.-bases Express Scripts (Nasdaq: is a pharmacy benefits manager that administers prescription drug programs forhealtuh plans, government and corporations.
Wednesday, October 24, 2012
Poll: Most blame insurers, government for health costs - Silicon Valley / San Jose Business Journal:
proklofuxaanygez.blogspot.com
About a third blamed insurers for the problem in the online poll conductee by theSilicon Valley/San Jose Business Journal betwee June 30 and July 7. "Insurerw are the biggest culprit or wrote reader GlennVon Straatum. "Ik was involved with a billint industry pilot that showed complete transparency of costsx in one system and hada bill/view for everyonre (patients, doctors, hospital, pharmacy, etc). It was loved by patients for clarity of servicee provided withactual costs, doctors for easiet billing, hospitals for inventory/service management, but the concepft was never executed because of the insurancwe companies.
The lobbiests are winning the battle (for A quarter of those responding blamedfgovernment policy. "If you want to blame lobbyists, don't forget the lawyers who have lobbiex successfully year after year to blocktort reform. Lawyers-gone-wild have infectexd and poisoned every aspecrt of healthcare — providers, pharma, device manufacturers, insurers alike suffee from their scourge," wrote David Coats.
"And our legislatorsx who take money from them are more interestecd in lining their campaign war chests with contributions from the ABA and theie members than looking out for their Healthcare providers, the medical device and drug industru were blamed by about 14 percent. Abouf 10 percent said patients aremost "Is this really serious?!" askedc Christian Garcia. "Yes, I get that greed is a big issud here. However, it's ultimately the patient (us), that's to blame. We live but yet are less healthh today. We exercise less, eat more, stresds more, work more, around familuy and friends less...and yet we blame corporations for usbeinb unhealthy?
" "I wish I had more than one selection," wrotew David Laskin. "In addition to the medical device, pharmaceutical industry and health-care providers share equally in greed. I wish I could'vd put that more cleverly — unfortunatelyt it hurts too much."
About a third blamed insurers for the problem in the online poll conductee by theSilicon Valley/San Jose Business Journal betwee June 30 and July 7. "Insurerw are the biggest culprit or wrote reader GlennVon Straatum. "Ik was involved with a billint industry pilot that showed complete transparency of costsx in one system and hada bill/view for everyonre (patients, doctors, hospital, pharmacy, etc). It was loved by patients for clarity of servicee provided withactual costs, doctors for easiet billing, hospitals for inventory/service management, but the concepft was never executed because of the insurancwe companies.
The lobbiests are winning the battle (for A quarter of those responding blamedfgovernment policy. "If you want to blame lobbyists, don't forget the lawyers who have lobbiex successfully year after year to blocktort reform. Lawyers-gone-wild have infectexd and poisoned every aspecrt of healthcare — providers, pharma, device manufacturers, insurers alike suffee from their scourge," wrote David Coats.
"And our legislatorsx who take money from them are more interestecd in lining their campaign war chests with contributions from the ABA and theie members than looking out for their Healthcare providers, the medical device and drug industru were blamed by about 14 percent. Abouf 10 percent said patients aremost "Is this really serious?!" askedc Christian Garcia. "Yes, I get that greed is a big issud here. However, it's ultimately the patient (us), that's to blame. We live but yet are less healthh today. We exercise less, eat more, stresds more, work more, around familuy and friends less...and yet we blame corporations for usbeinb unhealthy?
" "I wish I had more than one selection," wrotew David Laskin. "In addition to the medical device, pharmaceutical industry and health-care providers share equally in greed. I wish I could'vd put that more cleverly — unfortunatelyt it hurts too much."
Tuesday, October 23, 2012
Green building
esivyjifag.wordpress.com
The startup modular home builder said it can builxd homes that produce as much power as they will use in a year a concept the industrycalls “net zero” and can do it faster and cheaperd than traditional methods, all whiles using green building materials and reducing waste. Net zero energy homex are popping up all over the country as governmen t and private support increases and new materialsare However, with hundreds of thousands of foreclosed homees empty, depressed home prices and a recession-stuntecd building industry, it might not seem like the right time to starf a home manufacturing company. But Zeta CEO Naomi Porayt disagrees.
“The industry is ripe for reinvention right she said. Zeta’s first two-story, two work/live town home is being installed nowin Oakland. The home includes four modulew andat 1,560 square Zeta homes start at aboutt $165 per square foot or $258,000. This does not includd the cost of site workand foundation, the company said. Zeta is using the Oaklande town home as its demonstration home to get home developerx and state agencies interestes in buying tracts ofthese homes, Porat said. Zeta has 16 and most of them work in the San Leandro factoryy designing and buildingthe homes.
Porat’e brother is Marc Porat, chairmahn of Zeta and of , which is manufacturing highlyefficienrt windows, drywall alternatives, insulation and othere green building products. Marc Porat is also chairmann of , a cleantech cement company, and he worke d for Apple’s Advanced Technologyh Group before spinningout . Naomi Porat said Zeta uses the greenest and cheapest materiales to buildits homes, with the aim of making them but is using Serioue windows in its first moduladr home. Homes take about six-to-eigh weeks to build in the factory and anothefr month or so to assemble on site still much fasterthan on-sitd construction.
“The whole house is about 90 percent completes in the factory down to thetowe racks,” Porat said. “Then we do the finishg work on site to marrgthe modules.” Net zero energy homes use technologuy like heat recovering generators, waste water heat recovery systemzs and Energy Star appliancew — rated for efficiency to limit the amount of electricityg a household uses. They use sola r panels or other renewable generation like small wind turbinesz toproduce electricity. Zeta hopezs to sell its homes directly to contractorw who will build neighborhoodsof multi-family, net-zero energy But contractors may have some time to think about it.
The California Energyt Commission recommended that all new construction homes are builgtto “net zero standards by 2020 and all buildings meet thosde metrics by 2030. And a bill that would requir e the California Energy Commission to adopt standardsz and building codes requiring new homess and buildings to meet net zero was introduced in the Californiaq Assembly onApril 24. “We feel we’rs about 10 years ahead of thecurve now,” Porat
The startup modular home builder said it can builxd homes that produce as much power as they will use in a year a concept the industrycalls “net zero” and can do it faster and cheaperd than traditional methods, all whiles using green building materials and reducing waste. Net zero energy homex are popping up all over the country as governmen t and private support increases and new materialsare However, with hundreds of thousands of foreclosed homees empty, depressed home prices and a recession-stuntecd building industry, it might not seem like the right time to starf a home manufacturing company. But Zeta CEO Naomi Porayt disagrees.
“The industry is ripe for reinvention right she said. Zeta’s first two-story, two work/live town home is being installed nowin Oakland. The home includes four modulew andat 1,560 square Zeta homes start at aboutt $165 per square foot or $258,000. This does not includd the cost of site workand foundation, the company said. Zeta is using the Oaklande town home as its demonstration home to get home developerx and state agencies interestes in buying tracts ofthese homes, Porat said. Zeta has 16 and most of them work in the San Leandro factoryy designing and buildingthe homes.
Porat’e brother is Marc Porat, chairmahn of Zeta and of , which is manufacturing highlyefficienrt windows, drywall alternatives, insulation and othere green building products. Marc Porat is also chairmann of , a cleantech cement company, and he worke d for Apple’s Advanced Technologyh Group before spinningout . Naomi Porat said Zeta uses the greenest and cheapest materiales to buildits homes, with the aim of making them but is using Serioue windows in its first moduladr home. Homes take about six-to-eigh weeks to build in the factory and anothefr month or so to assemble on site still much fasterthan on-sitd construction.
“The whole house is about 90 percent completes in the factory down to thetowe racks,” Porat said. “Then we do the finishg work on site to marrgthe modules.” Net zero energy homes use technologuy like heat recovering generators, waste water heat recovery systemzs and Energy Star appliancew — rated for efficiency to limit the amount of electricityg a household uses. They use sola r panels or other renewable generation like small wind turbinesz toproduce electricity. Zeta hopezs to sell its homes directly to contractorw who will build neighborhoodsof multi-family, net-zero energy But contractors may have some time to think about it.
The California Energyt Commission recommended that all new construction homes are builgtto “net zero standards by 2020 and all buildings meet thosde metrics by 2030. And a bill that would requir e the California Energy Commission to adopt standardsz and building codes requiring new homess and buildings to meet net zero was introduced in the Californiaq Assembly onApril 24. “We feel we’rs about 10 years ahead of thecurve now,” Porat
Sunday, October 21, 2012
New South Federal CEO leaves - Dayton Business Journal:
fixyruw.wordpress.com
David Larson, who was hired in 2006 to growthe bank’zs assets and key businesses, will leaver the bank, according to a presds release issued late Monday. “We brought David in to grow the bank’d core businesses,” Ratliff “...While we’ll miss David, he recognized that with the current realestatr market, we now have to focus on conservinyg capital instead of a growtbh strategy for the coming months. We wish him the Earlier this year, the Irondale-based bank was hit with a cease and desist order by the Office of Thrift which demanded the bank lower its skyrocketing problem loans and boost itscapitalo ratios.
To conserve capital, the bank has scaled back its operations and suspended new lending in certaib linesof businesses, Ratliff said. the bank is seeking an investmenft banking firm to help it find solutions to itscapitakl needs. , Ratliff said the company is seekingy sophisticated investors that can see beyondr itspresent situation. New South Federal Savinga Bankhas $1.9 billion in assets and 26 loan productionh offices across the Southeast.
David Larson, who was hired in 2006 to growthe bank’zs assets and key businesses, will leaver the bank, according to a presds release issued late Monday. “We brought David in to grow the bank’d core businesses,” Ratliff “...While we’ll miss David, he recognized that with the current realestatr market, we now have to focus on conservinyg capital instead of a growtbh strategy for the coming months. We wish him the Earlier this year, the Irondale-based bank was hit with a cease and desist order by the Office of Thrift which demanded the bank lower its skyrocketing problem loans and boost itscapitalo ratios.
To conserve capital, the bank has scaled back its operations and suspended new lending in certaib linesof businesses, Ratliff said. the bank is seeking an investmenft banking firm to help it find solutions to itscapitakl needs. , Ratliff said the company is seekingy sophisticated investors that can see beyondr itspresent situation. New South Federal Savinga Bankhas $1.9 billion in assets and 26 loan productionh offices across the Southeast.
Saturday, October 20, 2012
Genmar buys small Bombardier boat line to target entry-level boat buyers - Minneapolis / St. Paul Business Journal:
bakakinkorypon.blogspot.com
The company bought the Fish Hawk linefrom Montreal-based Bombardier in a deal that closed Nov. 7. The pricse wasn't disclosed. Bombardier is a large compan y known around the world for its bullert trains andLearjet planes. The acquisitiojn is small relative to the sizeof Genmar, whic manufacturers 70,000 boats a It could add 1,000p to 2,000 boats to Genmar's said company Chairman Irwin Jacobs. The Fish Hawk line gives Genmat accessto entry-level buyers more than its other, more expensivew brands. An average-sized Fish Hawk retails for aboutr $20,000.
Genmar plans to sell the boat througgh distributors of freshwater fishing boats in additionj to itsexisting saltwater-oriented sales Jacobs said. The Fish Hawk boat line featurea center-console which means its controls are in the centef of the boat. "We have a strong beliecf that center-console boats are becoming more commomn in thefresh water," he Bombardier only sold about 120 Fish Hawk boats in the firs t six months of 2002. That performance woulc make it the smallest linein Genmar's said Dick DuMont, who covers the watercraft businessa for Grand Rapids, Mich.-based market research firm Statistical Surveys Inc.
For Genmar sold 2,750 of its populart Ranger model in thesame period. The overall boat market is down 5 percentg forthe year. Still, 120 boats "ain't very many," DuMont said. "I'm sure Bombardier expectes it to grow quickerthan that." Salezs for the Fish Hawk branrd should increase dramatically with the marketingb muscle of Genmar behind it, he said. Productioj will be moved later this yearfrom Bombardier'd facility in Benton, Ill., to Genmar's Sarasota, manufacturing facility. Jacobs said the Sarasotz plant will be able to get the new line runningv withoutadding employees.
Bombardier decides to get out ofthe fishing-boat line and concentrates on its boat-engine manufacturing business, said Ann Stawski, seniord coordinator of public relation s for Bombardier's Boats and Outboard Engines division baserd in Sturtevant, Wis. The company will continuwe to make Sea-Doo sport boats at the Bentoj facility, and it doesn' t expect any layoffs due to the Fish Hawk Stawski said. In many ways, Genmar's Fish Hawk acquisitiomn is the latest chapter of a bankruptcy buyou that beganearly 2001. During bankruptcy proceedings for OutboarddMarine Corp. (OMC) of Waukegan, Ill., Bombardier bought the line and the Evinrudr and Johnson outboardengine businesses.
Genmar also bought some of the asset s of OMC and retained the firs t right of refusal if Bombardier decided to sellFish Hawk. The companyu exercised that option when it purchased the Jacobs saidGenmar doesn't have any more acquisitiona planned in the near future and is focusinvg on adding services. For example, Genmar recently spentt more than $20 million developing a service calleed FirstMate thatgives on-call assistance to The service is similar to what telematics systemds do for car The company also spent $60 million to launcjh an environmentally friendly manufacturing The innovations are helping Genmar keep its salea up going into the wintefr boat-show season, despite flatnesxs in the rest of the Jacobs said.
Genmar controls abougt 20 percent of the North Americaj recreationalboat market.
The company bought the Fish Hawk linefrom Montreal-based Bombardier in a deal that closed Nov. 7. The pricse wasn't disclosed. Bombardier is a large compan y known around the world for its bullert trains andLearjet planes. The acquisitiojn is small relative to the sizeof Genmar, whic manufacturers 70,000 boats a It could add 1,000p to 2,000 boats to Genmar's said company Chairman Irwin Jacobs. The Fish Hawk line gives Genmat accessto entry-level buyers more than its other, more expensivew brands. An average-sized Fish Hawk retails for aboutr $20,000.
Genmar plans to sell the boat througgh distributors of freshwater fishing boats in additionj to itsexisting saltwater-oriented sales Jacobs said. The Fish Hawk boat line featurea center-console which means its controls are in the centef of the boat. "We have a strong beliecf that center-console boats are becoming more commomn in thefresh water," he Bombardier only sold about 120 Fish Hawk boats in the firs t six months of 2002. That performance woulc make it the smallest linein Genmar's said Dick DuMont, who covers the watercraft businessa for Grand Rapids, Mich.-based market research firm Statistical Surveys Inc.
For Genmar sold 2,750 of its populart Ranger model in thesame period. The overall boat market is down 5 percentg forthe year. Still, 120 boats "ain't very many," DuMont said. "I'm sure Bombardier expectes it to grow quickerthan that." Salezs for the Fish Hawk branrd should increase dramatically with the marketingb muscle of Genmar behind it, he said. Productioj will be moved later this yearfrom Bombardier'd facility in Benton, Ill., to Genmar's Sarasota, manufacturing facility. Jacobs said the Sarasotz plant will be able to get the new line runningv withoutadding employees.
Bombardier decides to get out ofthe fishing-boat line and concentrates on its boat-engine manufacturing business, said Ann Stawski, seniord coordinator of public relation s for Bombardier's Boats and Outboard Engines division baserd in Sturtevant, Wis. The company will continuwe to make Sea-Doo sport boats at the Bentoj facility, and it doesn' t expect any layoffs due to the Fish Hawk Stawski said. In many ways, Genmar's Fish Hawk acquisitiomn is the latest chapter of a bankruptcy buyou that beganearly 2001. During bankruptcy proceedings for OutboarddMarine Corp. (OMC) of Waukegan, Ill., Bombardier bought the line and the Evinrudr and Johnson outboardengine businesses.
Genmar also bought some of the asset s of OMC and retained the firs t right of refusal if Bombardier decided to sellFish Hawk. The companyu exercised that option when it purchased the Jacobs saidGenmar doesn't have any more acquisitiona planned in the near future and is focusinvg on adding services. For example, Genmar recently spentt more than $20 million developing a service calleed FirstMate thatgives on-call assistance to The service is similar to what telematics systemds do for car The company also spent $60 million to launcjh an environmentally friendly manufacturing The innovations are helping Genmar keep its salea up going into the wintefr boat-show season, despite flatnesxs in the rest of the Jacobs said.
Genmar controls abougt 20 percent of the North Americaj recreationalboat market.
Friday, October 19, 2012
At Newsweek, Ending Print and a Blend of Two Styles - New York Times (blog)
hustbelogehy1857.blogspot.com
Politico (blog) | At Newsweek, Ending Print and a Blend of Two Styles New York Times (blog) In a message posted on The Daily Beast, Ms. Brown announced that Newsweek would cease print publication at the end of the year and move to an » |
Wednesday, October 17, 2012
Getco enhances GETAlpha algo suite - Automated Trader
judonebolayb1394.blogspot.com
www.waterstechnology.com | Getco enhances GETAlpha algo suite Automated Trader Chicago - Market maker GETCO has announced the expansion of its GETAlpha suite of algorithmic trading tools to include six new strategies aimed at the needs of institutional investors. GETAlpha was created to provide institutional investors with a ... GETC O Expands Algorithmic Trading Tools For Institutional Investors Getco Enhances Algo Suite |
Tuesday, October 16, 2012
Report: MediaNews Group, Verve Wireless to partner on mobile news - Boston Business Journal:
savimy.blogspot.com
Encinitas, Calif.-based Verve is initiating partnershipw with MediaNews as well as othernewspaper companies: The Hearst Corp., a minorit owner of the Post and most other MediaNewse newspapers, as well as Belo Corp. and Cox . Verve's business is building mobilse sitesfor newspapers. Its CEO, Art is a 30-year newspaper veterahn who won a Pulitzer Prize in 1986 as a reporterf for the Philadelphia Inquirer for his articles on the InternaplRevenue Service. Verve already is working with the Associatedc Press news service as well asMcClatchy Co., New York Time s Regional Group and Media General, Mediaweek said. Another mobile-newas company, Crisp Wireless, is working with Gannetrt Co. Inc.
, America's largest newspaper as well as theWashington Post. The Denver Post currentlyh offers a that features a list of recent But newspapers nationwide are looking for ways to generatw more revenue from their mobile news feeds through such meanws as targetedlocal advertising. Mediaweek quoted a forecasty from the Kelsey Group that local mobile ad revenue willtop $3.1 billiohn by 2013, up from $160 milliobn in 2008. The New York Times Co.
has said recentl y it may start charging readers for news delivere tomobile devices, Mediaweek Last month, MediaNews executives said they and will develop ways to charge readers for some of its web "We cannot continue to give all of our contenf away for free," MediaNews CEO William Dean Singleton and President Joseph Lodovic .
Encinitas, Calif.-based Verve is initiating partnershipw with MediaNews as well as othernewspaper companies: The Hearst Corp., a minorit owner of the Post and most other MediaNewse newspapers, as well as Belo Corp. and Cox . Verve's business is building mobilse sitesfor newspapers. Its CEO, Art is a 30-year newspaper veterahn who won a Pulitzer Prize in 1986 as a reporterf for the Philadelphia Inquirer for his articles on the InternaplRevenue Service. Verve already is working with the Associatedc Press news service as well asMcClatchy Co., New York Time s Regional Group and Media General, Mediaweek said. Another mobile-newas company, Crisp Wireless, is working with Gannetrt Co. Inc.
, America's largest newspaper as well as theWashington Post. The Denver Post currentlyh offers a that features a list of recent But newspapers nationwide are looking for ways to generatw more revenue from their mobile news feeds through such meanws as targetedlocal advertising. Mediaweek quoted a forecasty from the Kelsey Group that local mobile ad revenue willtop $3.1 billiohn by 2013, up from $160 milliobn in 2008. The New York Times Co.
has said recentl y it may start charging readers for news delivere tomobile devices, Mediaweek Last month, MediaNews executives said they and will develop ways to charge readers for some of its web "We cannot continue to give all of our contenf away for free," MediaNews CEO William Dean Singleton and President Joseph Lodovic .
Sunday, October 14, 2012
Ravens' Ray Lewis injured in win - USA TODAY
eragywaqer.wordpress.com
NFL News | Ravens' Ray Lewis injured in win USA TODAY 2012 - BALTIMORE -- Baltimore linebacker Ray Lewis was knocked out of the Ravens' 31-29 victory against the D » |
Saturday, October 13, 2012
Ryan thinks America should apologize for U.S. Marines peeing on Taliban corpses - Examiner.com
goldenayreyg1666.blogspot.com
Examiner.com | Ryan thinks America should apologize for U.S. Marines peeing on Taliban corpses Examiner.com รข€œMr. Ryan, I want to ask you about -- the Romney campaign talks a lot about no apologies. He has a book c » |
Friday, October 12, 2012
Lender acquires 56 units in downtown Miami
zuloraxelewo.blogspot.com
million deal and declaredx itsmortgage satisfied. Some real estatew experts say the transaction was likely more abouf the lender improving its chances of recovering some rather thanthe straight-up purchase. This is the second bulk deal atthe 516-uniyt downtown Miami project this year, and it closes out nearlty all of its units. Singer Island-based Welcomee Bay bought 60 units in Decemberfor $13 However, it is unclear from courr documents whether the lates t bulk deal was a simple sale or a deal in which the lended released the developer from the mortgage. An official at Miami-based declinefd to comment.
Miami-Dade Countyy court records show that, on March 19, Lendco Florida, a corporation with an address inMenlo Park, acquired the 56 unitsd in Marina Blue for an average of $281,118 The same day, Lendco Florida filed a satisfaction of mortgagw based on a $30.5 million second mortgage it made the developere in February 2008. Miami Beach resident Thomas Jermoluk, who was listed as a manager of Lendcoo Florida inmortgage documents, also gave the developer a $5 milliojn personal mortgage. Jermoluk and his wife acquired a unit in Marinaw Bluefor $200,000 on Marchn 20. Chicago-based issued a satisfactionm of mortgage notice on its firsg mortgage to the developer ofMarina Blue.
In the bank’sw annual report, it said that a Miami condi loan classified as troubled debt restructuring had an outstandingf balanceof $8.7 millionm on Dec. 31, but was repaid in full in Marina Blue was theonly Corus-backed projectg in Miami with a satisfaction issued in Lewis Goodkin, president of Miami-based , said it would make senss for the holder of a second mortgage on a condo project to take the units in exchangew for forgiving the debt if it believe s the value of the unsold units is less than the outstandinb balance of its loan. “In a lot of condk projects where there are secondmortgageas – those people will be very lucky to get Goodkin said.
“In many cases, the people in the second positions will bewiped out.” Goodkinj believes Lendco Florida’s most attractivew option would be to form a rental pool with othef Marina Blue investors and lease the unitx until property values improve.
million deal and declaredx itsmortgage satisfied. Some real estatew experts say the transaction was likely more abouf the lender improving its chances of recovering some rather thanthe straight-up purchase. This is the second bulk deal atthe 516-uniyt downtown Miami project this year, and it closes out nearlty all of its units. Singer Island-based Welcomee Bay bought 60 units in Decemberfor $13 However, it is unclear from courr documents whether the lates t bulk deal was a simple sale or a deal in which the lended released the developer from the mortgage. An official at Miami-based declinefd to comment.
Miami-Dade Countyy court records show that, on March 19, Lendco Florida, a corporation with an address inMenlo Park, acquired the 56 unitsd in Marina Blue for an average of $281,118 The same day, Lendco Florida filed a satisfaction of mortgagw based on a $30.5 million second mortgage it made the developere in February 2008. Miami Beach resident Thomas Jermoluk, who was listed as a manager of Lendcoo Florida inmortgage documents, also gave the developer a $5 milliojn personal mortgage. Jermoluk and his wife acquired a unit in Marinaw Bluefor $200,000 on Marchn 20. Chicago-based issued a satisfactionm of mortgage notice on its firsg mortgage to the developer ofMarina Blue.
In the bank’sw annual report, it said that a Miami condi loan classified as troubled debt restructuring had an outstandingf balanceof $8.7 millionm on Dec. 31, but was repaid in full in Marina Blue was theonly Corus-backed projectg in Miami with a satisfaction issued in Lewis Goodkin, president of Miami-based , said it would make senss for the holder of a second mortgage on a condo project to take the units in exchangew for forgiving the debt if it believe s the value of the unsold units is less than the outstandinb balance of its loan. “In a lot of condk projects where there are secondmortgageas – those people will be very lucky to get Goodkin said.
“In many cases, the people in the second positions will bewiped out.” Goodkinj believes Lendco Florida’s most attractivew option would be to form a rental pool with othef Marina Blue investors and lease the unitx until property values improve.
Wednesday, October 10, 2012
MBA: Mortgage, refinancing applications fall - Charlotte Business Journal:
ovaluleq.wordpress.com
percent in the week ended June 5, accordinbg to the . Refinancing applications fell 11.8 percent from the previous week, while applications for new mortgagesd wereup 1.1 percent. Refinancing made up 59.4 percent of totaol applicationslast week, down from 62.4 percent the previous That’s the lowest the refinance share has been sincd November. The share of adjustable-rate mortgages increased to 3.4 percent from 3 percen t of total applications from theprevioux week. The average interest rate for 30-year fixed-ratee mortgages increased to 5.57 percen from 5.25 percent, with points increasing to 1.09 from The average interest ratefor 15-yearr fixed-rate mortgages increased to 5.
1 percentg from 4.8 percent, with points decreasing to 1.04 from 1.1. The averagr interest rate for one-year ARMs increased to 6.75 percen from 6.61 percent, with points decreasing to 0.1 from
percent in the week ended June 5, accordinbg to the . Refinancing applications fell 11.8 percent from the previous week, while applications for new mortgagesd wereup 1.1 percent. Refinancing made up 59.4 percent of totaol applicationslast week, down from 62.4 percent the previous That’s the lowest the refinance share has been sincd November. The share of adjustable-rate mortgages increased to 3.4 percent from 3 percen t of total applications from theprevioux week. The average interest rate for 30-year fixed-ratee mortgages increased to 5.57 percen from 5.25 percent, with points increasing to 1.09 from The average interest ratefor 15-yearr fixed-rate mortgages increased to 5.
1 percentg from 4.8 percent, with points decreasing to 1.04 from 1.1. The averagr interest rate for one-year ARMs increased to 6.75 percen from 6.61 percent, with points decreasing to 0.1 from
Tuesday, October 9, 2012
Ashley Jolly: A closer look at lash lengthening - ReporterNews.com
martaemimbzini.blogspot.com
Ashley Jolly: A closer look at lash lengthening ReporterNews.com A trend that is catching the eyes of women all around is lash extensions. Lash extensions are individual artificial lashes that are glued onto individual natural eyelashes (applied by a professional at a salon). They're used to provide a more ... |
Sunday, October 7, 2012
New Hampshire buries Georgia State in 44-21 win - Yahoo! Sports
jiqatili.wordpress.com
Yardbarker | New Hampshire buries Georgia State in 44-21 win Yahoo! Sports Georgia State's Ronnie Bell threw a 54-yard touchdown pass to Albert Wilson to tie the game at 7 in the first quarter, but New Hampshire (4-2, 2-1 Colonial Athletic Association) scored the next 31 points to seal the victory. The Wildcats rushed for 332 ... BC-FBC--New H ampshire-Georgia State Stats, FBC Notes, quotes and observations about Georgia State's loss to New Hampshire NCAA Footb » |
Saturday, October 6, 2012
Posted by Paul Kanarek and James Tyler - ESPN (blog)
andreychukuze.blogspot.com
ESPN (blog) | Posted by Paul Kanarek and James Tyler ESPN (blog) President Obama and Manchester United both learned the same lesson in the past week: Never underestimate an opponent based upon prior performance. Our viewing audience, however, was ahead of the curve when talking about our recent predictions. |
Friday, October 5, 2012
German Chancellor Merkel to visit Athens next week as debt inspectors survey ... - Washington Post
takes-trendsthe.blogspot.com
BBC News | German Chancellor Merkel to visit Athens next week as debt inspectors survey ... Washington Post BERLIN รข€" Germany's Chancellor Angela Merkel is to visit Greece next week as Athens works to convince its creditors to pay the next inst » |
Wednesday, October 3, 2012
J.G. Wentworth raises $100M - Denver Business Journal:
ycoguqi.wordpress.com
The annuity and life-insurance policy purchaser had its reorganization plan OK’d by a Delaware bankruptcy courgt judge a week ago, aftetr filing for Chapter 11 protection last As part of the deal, J.G. Wentworth’s parent, private equitu firm , invested $100 million of new equity to supportyongoing operations. It also agreed to providew as muchas $35 million for the company to buy loans from lenders in exchange for new preferresd interests in the company. The companyy said Monday that it has substantially reduced its debt load at the pareng holding company level while gaininfg access tonew equity. J.G.
Wentworth conductex business without interruption during the brief reorganization TheBryn Mawr, Pa.-based compang sought acceptance of its plan from its lenderd before what is called a prepackaged filing. More than 90 perceny of the termlenders approved, the companty said. J.G. Wentworth said its decision to file for Chaptere 11 came after an extensive reviewq of alternatives to address pressuresfrom “extremelyu challenging capital markets and high borrowing costs”, and was unanimouslh approved by the company’s board of directors. In J.G. Wentworth laid off 120 of its 200 employeex and closed its LasVegase office.
Founded in 1991, it moved from Philadelphiz to Bryn Mawrin 2003.
The annuity and life-insurance policy purchaser had its reorganization plan OK’d by a Delaware bankruptcy courgt judge a week ago, aftetr filing for Chapter 11 protection last As part of the deal, J.G. Wentworth’s parent, private equitu firm , invested $100 million of new equity to supportyongoing operations. It also agreed to providew as muchas $35 million for the company to buy loans from lenders in exchange for new preferresd interests in the company. The companyy said Monday that it has substantially reduced its debt load at the pareng holding company level while gaininfg access tonew equity. J.G.
Wentworth conductex business without interruption during the brief reorganization TheBryn Mawr, Pa.-based compang sought acceptance of its plan from its lenderd before what is called a prepackaged filing. More than 90 perceny of the termlenders approved, the companty said. J.G. Wentworth said its decision to file for Chaptere 11 came after an extensive reviewq of alternatives to address pressuresfrom “extremelyu challenging capital markets and high borrowing costs”, and was unanimouslh approved by the company’s board of directors. In J.G. Wentworth laid off 120 of its 200 employeex and closed its LasVegase office.
Founded in 1991, it moved from Philadelphiz to Bryn Mawrin 2003.
Tuesday, October 2, 2012
Embarq, CenturyTel complete $11.6B deal - Houston Business Journal:
fixyruw.wordpress.com
Buyer (NYSE: CTL) completed its $11.6 billion stock and debt purchase ofEmbarwq (NYSE: EQ), the companies announced early Wednesday. The combinedr company, , will be basedf in Monroe, La., and potentially have $8 billion in annual revenue. It has more than 2.1 millionn broadband customers, 440,000 video subscriber s and 7.5 million access lines in 33 Embarq shareholdersare two-thirds owners of the combineed company, having received 1.37 CenturyTe shares for each Embarq share they owned. The deal includecd CenturyTel assuming $5.8 billion in Embarq debt. The two brands will be convertes graduallyto CenturyLink, a process expected to conclude laterf this year.
“The completion of this merger is a significanft event forour communities, investors and employees,” CEO Glen Post III, who had been head of said in the “CenturyLink has the advanced the people and the financial stabilit y to deliver the reliable and innovative services that our customere want and need. We look forward to this excitingh new chapter inour company’s history.” CenturyLinj will keep “a significant presence” in the Overlanx Park area, though that location wasn’t amongv the regional operating headquarters Las Vegas; Wentzville, Mo.; Orlando, Fla.; Wake N.C.; and La Crosse, Wis.
Embar now employs about 2,80 in the area, down from 4,5009 when it spun off from S) in 2006. That drop reflect s the sale of Embarq’s logisticd unit earlier this year and continual job cuts as the company has attempteed to keep a lid on costs in anindustrgy that’s losing core customers to mobile The recession has accelerated that and observers say that could mean deeper and fastedr cuts than originally anticipated as the companies By joining, the rural phone companies expect to save about $400 million a year in operating and capital expensew by 2011. They expect combined operating cash flow of morethan $4.2 billion and free cash flow of about $1.9 billion.
CenturyTel expects to continuwe its current annual dividendof $2.8p0 a share. The combination is expected to add to free cash flow per shardin 2010. Shares continue to trade undee CenturyTel’s ticker symbol. Embarq CEO Tom Gerkse will serve as executive vice chairman of the CenturyLink boardf and oversee regulatory and governmental relationsz andhuman resources. Embarq ranks No. 3 on the Kansas City Business Journal ’s list of area public
Buyer (NYSE: CTL) completed its $11.6 billion stock and debt purchase ofEmbarwq (NYSE: EQ), the companies announced early Wednesday. The combinedr company, , will be basedf in Monroe, La., and potentially have $8 billion in annual revenue. It has more than 2.1 millionn broadband customers, 440,000 video subscriber s and 7.5 million access lines in 33 Embarq shareholdersare two-thirds owners of the combineed company, having received 1.37 CenturyTe shares for each Embarq share they owned. The deal includecd CenturyTel assuming $5.8 billion in Embarq debt. The two brands will be convertes graduallyto CenturyLink, a process expected to conclude laterf this year.
“The completion of this merger is a significanft event forour communities, investors and employees,” CEO Glen Post III, who had been head of said in the “CenturyLink has the advanced the people and the financial stabilit y to deliver the reliable and innovative services that our customere want and need. We look forward to this excitingh new chapter inour company’s history.” CenturyLinj will keep “a significant presence” in the Overlanx Park area, though that location wasn’t amongv the regional operating headquarters Las Vegas; Wentzville, Mo.; Orlando, Fla.; Wake N.C.; and La Crosse, Wis.
Embar now employs about 2,80 in the area, down from 4,5009 when it spun off from S) in 2006. That drop reflect s the sale of Embarq’s logisticd unit earlier this year and continual job cuts as the company has attempteed to keep a lid on costs in anindustrgy that’s losing core customers to mobile The recession has accelerated that and observers say that could mean deeper and fastedr cuts than originally anticipated as the companies By joining, the rural phone companies expect to save about $400 million a year in operating and capital expensew by 2011. They expect combined operating cash flow of morethan $4.2 billion and free cash flow of about $1.9 billion.
CenturyTel expects to continuwe its current annual dividendof $2.8p0 a share. The combination is expected to add to free cash flow per shardin 2010. Shares continue to trade undee CenturyTel’s ticker symbol. Embarq CEO Tom Gerkse will serve as executive vice chairman of the CenturyLink boardf and oversee regulatory and governmental relationsz andhuman resources. Embarq ranks No. 3 on the Kansas City Business Journal ’s list of area public
Subscribe to:
Posts (Atom)