Thursday, November 29, 2012

Jamison Station faces steep challenges - Business Courier of Cincinnati:

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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:

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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):

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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:

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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:

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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:

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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

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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 ...



and more »

Monday, November 19, 2012

Cincinnati-area firms win Ohio incentives - The Business Review (Albany):

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, 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:

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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:

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"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:

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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

Monday, November 12, 2012

Free Chick-fil-A meal on July 10 - Jacksonville Business Journal:

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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:

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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

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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

Seattle Post Intelligencer


Wildlife disease testing continues in northeastern Montana

Laurel Outlook



 »

Thursday, November 8, 2012

Ancient Thracian gold hoard unearthed in Bulgaria - Reuters

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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

The Guardian



 »

Wednesday, November 7, 2012

Burke & Herbert Bank brings in Chevy Chase Bank exec for expansion - Washington Business Journal:

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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:

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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)

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'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

Digital Spy



 »

Saturday, November 3, 2012

Fly Clear fast lane at Albany Int

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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:

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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.