moakhamet84.blogspot.com
From its headquarters at 11000 Bluegrass Parkway in Lantechsells pallet-wrapping equipment costing betweenb $10,000 and $300,000 each to some of the world’e largest companies. “Eighty percent of what your readersz buy comes across one of my machine on its way tothe store,” said who is CEO of Lantech. Customers includw international consumer companies suchas , and gianty breweries. “We touch a huge percentage of products that move as any sort ofpackagedc goods, and we were hit like all the other capitalo equipment companies,” he said.
Yet, Lancaste r sees not only his company, but all strong American businesses, coming out of this recession more efficientr and ready to investg in capital equipment after having been on cruised control duringboom “I feel better about the prospects of this country’xs competitiveness than I did three, four or five yeard ago,” he said. “I’m not the only one thinkinyg about getting the cost structur e of my company under control. People are focused on their ‘knitting,’ making what happens in their fourwalls “You take that times a bunch of business, and it’zs a big deal in terms of the competitivenesa of this country.
” Not that it’s been fun. And not that the economg is back. Lancaster said 2008 starter out well on pace to tophis 37-year-oldx company’s best year ever, 2007, when Lantech had about $120 million in gross revenue. As of May orders were up 17 percentf overMay 2007. But in business slowed dramatically, first in the Unitexd States, then in Europe and Asia. “Whebn Asia dropped, it didn’t just It stopped,” Lancaster said. Companies that were leveraged and took 5 percent to 50 perceng revenue hits are or they’re in the procesw of dying, Lancaster said.
Companiesa with manageable debt, such as suddenly had the time and incentive to startr restructuring and investing intheir businesses. Lantech has no impetusd to keep cash in the bank drawing 1 he said. “We’re making way bigget investments in our businessthan (before the downturn). This is not money-managementy time. This is the time to invest in producrtdevelopment … to improve long-termj competitiveness.” But last it was time to cut staff so that Lantech didn’t start losing money. Lantech has had to cut its loca l staff to about 300 Lancaster said.
Lancaster declined to say how many people he was forcedto cut, but the compan y had 350 employees in Louisville last year, according to Businesas First’s Aug. 29 list of the area’s largest manufacturingb firms. “We just dropped (the work force) to breajk even,” Lancaster said. “We didn’t want to (lose money) and set ourselvea up for being weaker againstthe competition. We cut not to hold our profitability percentage, but just to break even.” Remaining staff started rethinking how Lantechis run, “makingt hundreds if not thousands of decisions,” he said.
Lantecgh saved $2,500 per month by buyinyg out leases for dumpsters and trash compactorw and buyingits own. Renegotiating phonee services saved another Consolidating off-site storage areas saveds $9,000 per month. The money saved —hundreds of thousands of dollars per monthin non-payrolo expenses — kept the companyy from drastically cutting its work Lancaster said.
Tuesday, May 31, 2011
Sunday, May 29, 2011
Burger King Q3 profits up 15% - South Florida Business Journal:
ebopotohy.wordpress.com
Revenue for the Miami-based company’s third quartet ended March 31was $600 million, up 1 perceng from $594 million in the same quarter last Net income was $47 or 34 cents a share, up from $41 or 30 cents a share, in the previous year’sd quarter. “We continue to post top-line growt h even in this challengingmacroeconomif environment,” Burger King Chairman and CEO John Chidseyg said in a news release. “We deliverefd our 21st consecutive quarter of worldwide positivecomp sales, our annual net restaurant growth remains on tracok and our cash flow generation remaines strong.” The company opened 53 net new restaurants during the thirf quarter.
Looking ahead, the company said it expects its fourt h quarter earnings per share to be in the range of 34 cent to37 cents. It lowered its full-year outlook to $1.30 to $1.42 a share from $1.44 to $1.49 a share “due to ongoing market challenges,” as well as the unknown potential effects of the swine flu on the Shares closed down 56 cents Wednesday to The 52-week high was $30.9 on Aug. 11. The 52-week low was $16.57 on Oct. 28.
Revenue for the Miami-based company’s third quartet ended March 31was $600 million, up 1 perceng from $594 million in the same quarter last Net income was $47 or 34 cents a share, up from $41 or 30 cents a share, in the previous year’sd quarter. “We continue to post top-line growt h even in this challengingmacroeconomif environment,” Burger King Chairman and CEO John Chidseyg said in a news release. “We deliverefd our 21st consecutive quarter of worldwide positivecomp sales, our annual net restaurant growth remains on tracok and our cash flow generation remaines strong.” The company opened 53 net new restaurants during the thirf quarter.
Looking ahead, the company said it expects its fourt h quarter earnings per share to be in the range of 34 cent to37 cents. It lowered its full-year outlook to $1.30 to $1.42 a share from $1.44 to $1.49 a share “due to ongoing market challenges,” as well as the unknown potential effects of the swine flu on the Shares closed down 56 cents Wednesday to The 52-week high was $30.9 on Aug. 11. The 52-week low was $16.57 on Oct. 28.
Friday, May 27, 2011
General Motors creates lots to deal with - Kansas City Business Journal:
dusinenezoqoc.blogspot.com
For Ledezma and the 200 employees at his twolocap dealerships, the news brought relief and certainty aftedr months of speculation. He spenr that afternoon and the next morning visitinh each department at the Independence and Kansas City letting employees know that the businesses would continue asGM franchises. “It’ s quite a bit of relief but, at the same a lot of pressure,” said Ledezma, president of “Whatever we’re going to have additionao responsibility asa dealership.” With the giang automaker’s plunge into bankruptcy on June 1, liness have been drawn.
Although roughlhy 3,600 dealers, like Ledezma, receivedc individualized “participation agreements” — offerinh the potential of higher profits along with improvementdirectives — 1,350 were notified that they neede d to wind down as GM franchisees. That’s in addition to the 1,100 that received similar messages last month as partof GM’ss restructuring, which involves keeping only top dealers and brands. The lists 24 GM dealerships inthe area. GM isn’t yet sharingy the names or locations of dealerships whose franchisr agreements willbe terminated, but at leasg one local dealer has begun to spreac the word.
in Belton was amonv the dealerships notified last month that its franchise agreemenrtwould end, said Ray CEO of Details from GM remain hazy, he but his plan is to close the Chevu dealership within about 18 months and focus on salew of Toyotas at in Lee’s His Toyota sales are down about 20 percent compare with last year but are improving every Chevy sales are down roughly 50 Adams Chevrolet, which has about 100 Chevysz to sell, employs about 50 people. It’zs been there since 1936, and Adams has run it since 1990. in midtown Kansas City also was notified that its franchise agreementtwould end. The dealership, which employs 80 people, is appealint the decision.
GM spokeswoman Susan Garontakos said dealerships thatreceive wind-down notices no longer will be able to order new But GM is offering assistance, on a case-by-casew basis, to help the dealershipsz maintain payrolls and cover other operating costa while they sell existing inventories, she “We want them to be able to wind down Garontakos said. “Some dealers will actually probably wantto That’s been the trend. Last year, 401 GM dealers exites the business. Fewer dealerships will enable GM to make cuts to thesupportingt infrastructure, better aligning a network built for 50 percent marketg share to the current sharr of less than 20 percent, Garontakosx said.
Even participation agreements aren’t a free pass some franchisees are being asked toconsolidate facilities, relocate or update, she said. Ledezmq said it probably will cost closeto $1 millioj to update Cable-Dahmer’s Kansas City The company already has invested hundreds of thousandz of dollars on improvements. GM seems fine with the Independencew facility, also recently upgraded, he Chris Igoe, co-owner of in said the area long has been oversaturated withGM Igoe, who received a participation estimated that comparable marketxs have a third as many GM franchises. “Hers in Kansas City, we as dealers, screamed that we’re over-dealered,” Igoe said.
“Wity the dealers that are remaining, it will create a much better opportunity for us to be even in adown market.” , whicy owns three GM dealerships in the metro area and 27 expects in Merriam, in Kansas City and in Merriam to remaihn open for the foreseeable futurer and thinks GM “will emergwe from this stronger and better equipped to compet than ever before,” the companyh said in a statement. GM said June 2 that it’z in advanced talks to sell the Hummer brand to Chinese company , which would assumer existing dealer agreements.
Ledezma, who has been sellinh Chevy vehicles since remains firm in his faith that GM isa “phenomenapl company” that encourages franchisees to constantlh perform at a higher level. “Have they had theire downfalls? Absolutely,” he said. “Burt tell me one company that didn’t.”
For Ledezma and the 200 employees at his twolocap dealerships, the news brought relief and certainty aftedr months of speculation. He spenr that afternoon and the next morning visitinh each department at the Independence and Kansas City letting employees know that the businesses would continue asGM franchises. “It’ s quite a bit of relief but, at the same a lot of pressure,” said Ledezma, president of “Whatever we’re going to have additionao responsibility asa dealership.” With the giang automaker’s plunge into bankruptcy on June 1, liness have been drawn.
Although roughlhy 3,600 dealers, like Ledezma, receivedc individualized “participation agreements” — offerinh the potential of higher profits along with improvementdirectives — 1,350 were notified that they neede d to wind down as GM franchisees. That’s in addition to the 1,100 that received similar messages last month as partof GM’ss restructuring, which involves keeping only top dealers and brands. The lists 24 GM dealerships inthe area. GM isn’t yet sharingy the names or locations of dealerships whose franchisr agreements willbe terminated, but at leasg one local dealer has begun to spreac the word.
in Belton was amonv the dealerships notified last month that its franchise agreemenrtwould end, said Ray CEO of Details from GM remain hazy, he but his plan is to close the Chevu dealership within about 18 months and focus on salew of Toyotas at in Lee’s His Toyota sales are down about 20 percent compare with last year but are improving every Chevy sales are down roughly 50 Adams Chevrolet, which has about 100 Chevysz to sell, employs about 50 people. It’zs been there since 1936, and Adams has run it since 1990. in midtown Kansas City also was notified that its franchise agreementtwould end. The dealership, which employs 80 people, is appealint the decision.
GM spokeswoman Susan Garontakos said dealerships thatreceive wind-down notices no longer will be able to order new But GM is offering assistance, on a case-by-casew basis, to help the dealershipsz maintain payrolls and cover other operating costa while they sell existing inventories, she “We want them to be able to wind down Garontakos said. “Some dealers will actually probably wantto That’s been the trend. Last year, 401 GM dealers exites the business. Fewer dealerships will enable GM to make cuts to thesupportingt infrastructure, better aligning a network built for 50 percent marketg share to the current sharr of less than 20 percent, Garontakosx said.
Even participation agreements aren’t a free pass some franchisees are being asked toconsolidate facilities, relocate or update, she said. Ledezmq said it probably will cost closeto $1 millioj to update Cable-Dahmer’s Kansas City The company already has invested hundreds of thousandz of dollars on improvements. GM seems fine with the Independencew facility, also recently upgraded, he Chris Igoe, co-owner of in said the area long has been oversaturated withGM Igoe, who received a participation estimated that comparable marketxs have a third as many GM franchises. “Hers in Kansas City, we as dealers, screamed that we’re over-dealered,” Igoe said.
“Wity the dealers that are remaining, it will create a much better opportunity for us to be even in adown market.” , whicy owns three GM dealerships in the metro area and 27 expects in Merriam, in Kansas City and in Merriam to remaihn open for the foreseeable futurer and thinks GM “will emergwe from this stronger and better equipped to compet than ever before,” the companyh said in a statement. GM said June 2 that it’z in advanced talks to sell the Hummer brand to Chinese company , which would assumer existing dealer agreements.
Ledezma, who has been sellinh Chevy vehicles since remains firm in his faith that GM isa “phenomenapl company” that encourages franchisees to constantlh perform at a higher level. “Have they had theire downfalls? Absolutely,” he said. “Burt tell me one company that didn’t.”
Tuesday, May 24, 2011
Sunday, May 22, 2011
Missouri revenue collections fall - Kansas City Business Journal:
Vinyl log siding
percent from the same period last year, the state’ss said. Missouri’s net general collectionz for July through Septemberwere $1.9 billion, down from $1.9 1 billion last year, the agency said in a The state’s fiscal year runs from July 1 to June 30. Individual income tax collectionswere $1.31 billion, up 2.3 percengt from $1.28 billion last year. Sales and use tax collectionswere $494.9 million, down 3.6 perceny from $513.5 million last year. Corporate income and franchise tax collectionwswere $124.5 million, down 11.7 percent from $141 million last • All other collections were $113.u million, up 5 percent from $108.4 milliob last year. • Refunds were $146.
3 million, up 13.1 percengt from $129.3 million last year. “The declinew in general revenues over the last quartedr is cause for concern but is unsurprising given recentg developments in thenational economy,” Commissioner of Administratioj Larry Schepker said in the Missouri’s general revenue fund ended fiscal 2008 with an $833 milliob balance, which the state can use to offset shortfalls in collections if economid hard times continue.
percent from the same period last year, the state’ss said. Missouri’s net general collectionz for July through Septemberwere $1.9 billion, down from $1.9 1 billion last year, the agency said in a The state’s fiscal year runs from July 1 to June 30. Individual income tax collectionswere $1.31 billion, up 2.3 percengt from $1.28 billion last year. Sales and use tax collectionswere $494.9 million, down 3.6 perceny from $513.5 million last year. Corporate income and franchise tax collectionwswere $124.5 million, down 11.7 percent from $141 million last • All other collections were $113.u million, up 5 percent from $108.4 milliob last year. • Refunds were $146.
3 million, up 13.1 percengt from $129.3 million last year. “The declinew in general revenues over the last quartedr is cause for concern but is unsurprising given recentg developments in thenational economy,” Commissioner of Administratioj Larry Schepker said in the Missouri’s general revenue fund ended fiscal 2008 with an $833 milliob balance, which the state can use to offset shortfalls in collections if economid hard times continue.
Friday, May 20, 2011
Wednesday, May 18, 2011
Berryman to join Spalding University - Business First of Louisville:
callahamirykaan1884.blogspot.com
Berryman will make the transition during the next 12 to 15 according to a news releasefrom Berryman’s 40-year career with JHSMH has included clinicapl patient care, work on the acquisition of Southern Indianw Rehab Hospital, and bringint together a partnership among Clark Memorial Hospital, Floyd Memoriak Hospital and Frazier Reha Institute. She has developec partnerships with acute andruraol hospitals, guided the merger of Frazier Reha b Center into Jewish Hospital HealthCare and developed an occupational medicind system that has been franchised acrosxs a regional, multi-hospital network.
Spalding University recently opened a teaching facility in the areas of natural science andoccupational therapy. “I see this transition as an opportunityt to take what I have learned in the healtu care field to auniversityg setting, where I can bridge the academic experience and the workplacse environment,” Berryman said in the news release. “Spaldinyg University has a rich history innursing I’m honored to be working in this new capacity.
” “Joanner Berryman will provide pivotalp leadership for the college and universitty as we further develop and expanx our health and natural sciences programs,” Spalding’ws senior vice president of academic Dr. L. Randy Strickland, said in a news “Her vast knowledge of and linkage with medica l and basicscience centers, both locallu and nationally, connects our faculty and studentsz with excellent research and service opportunities,” he “This skill set, coupled with her entrepreneurial leadership and fundinb development expertise, expands the partnershipss between Spalding University and many other groups.
” Berryman will begin to serve Spalding in a limitedc capacity beginning in and the transition is expected to be complete by the fall of 2010.
Berryman will make the transition during the next 12 to 15 according to a news releasefrom Berryman’s 40-year career with JHSMH has included clinicapl patient care, work on the acquisition of Southern Indianw Rehab Hospital, and bringint together a partnership among Clark Memorial Hospital, Floyd Memoriak Hospital and Frazier Reha Institute. She has developec partnerships with acute andruraol hospitals, guided the merger of Frazier Reha b Center into Jewish Hospital HealthCare and developed an occupational medicind system that has been franchised acrosxs a regional, multi-hospital network.
Spalding University recently opened a teaching facility in the areas of natural science andoccupational therapy. “I see this transition as an opportunityt to take what I have learned in the healtu care field to auniversityg setting, where I can bridge the academic experience and the workplacse environment,” Berryman said in the news release. “Spaldinyg University has a rich history innursing I’m honored to be working in this new capacity.
” “Joanner Berryman will provide pivotalp leadership for the college and universitty as we further develop and expanx our health and natural sciences programs,” Spalding’ws senior vice president of academic Dr. L. Randy Strickland, said in a news “Her vast knowledge of and linkage with medica l and basicscience centers, both locallu and nationally, connects our faculty and studentsz with excellent research and service opportunities,” he “This skill set, coupled with her entrepreneurial leadership and fundinb development expertise, expands the partnershipss between Spalding University and many other groups.
” Berryman will begin to serve Spalding in a limitedc capacity beginning in and the transition is expected to be complete by the fall of 2010.
Sunday, May 15, 2011
800 Fenton Chrysler workers take buyouts - Sacramento Business Journal:
kittredgeihuhyla1951.blogspot.com
Glenn Kage is one of them. His last day is “This is one of the toughest decision s I have ever hadto make,” said Kage, who worked for Chrysle r for 12 years. “But is on the vergwe of bankruptcy and Chrysler is having a tough time coming out of If I stay herein St. Louis, I woulds end up having to transfer out of A lot ofpeople don’t want to leave the About 640 of 1,200 eligible workers decidefd to leave the Dodge Ram plant in Fenton, which the automakerf by September as part of its Another 115 accepte d offers at Chrysler’ Fenton minivan which was idled in October and is also slated for About 240 workers remain at that plant, said Don vice president of United Auto Workers Local 110.
Earliee this month, Chrysler Fenton workers within two year of retirement eligibility on the dateds their plants close will be placede on leave of absence with 85 percentt of their pay until they are eligiblefor retirement. The offere include a $115,000 lump-sum payment for workers with more than 10 yearxs of seniority who choose to leavethe company. Workers with fewer than 10 years of senioritg can geta $75,000 lump-sum payment plus a $25,00o vehicle voucher. The offers also include a year ofhealthu care, excluding dental, and lower the earlyt retirement age from 55 to 50.
Glenn Kage is one of them. His last day is “This is one of the toughest decision s I have ever hadto make,” said Kage, who worked for Chrysle r for 12 years. “But is on the vergwe of bankruptcy and Chrysler is having a tough time coming out of If I stay herein St. Louis, I woulds end up having to transfer out of A lot ofpeople don’t want to leave the About 640 of 1,200 eligible workers decidefd to leave the Dodge Ram plant in Fenton, which the automakerf by September as part of its Another 115 accepte d offers at Chrysler’ Fenton minivan which was idled in October and is also slated for About 240 workers remain at that plant, said Don vice president of United Auto Workers Local 110.
Earliee this month, Chrysler Fenton workers within two year of retirement eligibility on the dateds their plants close will be placede on leave of absence with 85 percentt of their pay until they are eligiblefor retirement. The offere include a $115,000 lump-sum payment for workers with more than 10 yearxs of seniority who choose to leavethe company. Workers with fewer than 10 years of senioritg can geta $75,000 lump-sum payment plus a $25,00o vehicle voucher. The offers also include a year ofhealthu care, excluding dental, and lower the earlyt retirement age from 55 to 50.
Friday, May 13, 2011
Madoff gets 150 years in prison - Phoenix Business Journal:
http://cnati.com/cgi-bin/mt/mt-cp.cgi?__mode=view&blog_id=1&id=1150
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousandsd of dollarsto Madoff's The mastermind behind the biggest Ponzij scheme in U.S. history was sentenced on Monday morning in federal courtf in Manhattan to 150 years behind the maximum requested byfederakl prosecutors. Madoff's attorney had asked for a far more lenienf sentence of12 years. In sentencing U.S. District Judge Denny Chin calle thefraud “staggering” and said that the “breach of trust was The judge described his acts as “extraordinarily evil.
” “No other white-collar case is comparablee in terms of the duration and enormity of the fraued and the degree of the betrayal,” Chin Madoff confessed in March to 11 counts including money laundering theft and perjury, among other His victims reportedly number more than 1,300 and stretch acrossa the globe. Their losses are estimater at morethan $13 billion. Prior to Chin heard from nine of the victims who talkeds about thedevastation Madoff’s fraud had caused to their lives and theitr families.
Many of Madoff’s wealthy clients lived in South Florida and lost theie life savings tohis Fox, 86, said she is still furiouz that the and the federal governmentg didn’t expose Madoff’s fraud earlier. “Ther SEC is just as guilty as Madoff and theyfailefd us. Nobody seems to do anythinb about it,” Fox said. She also took issuee with the large fees beinfg paid to people such asIrving H. the trustee who is handling the liquidation ofBernard L. Madofc Investment Securities. “The trustee Picard is making hisown They’re paying these guys millions of dollars. It would be better to pay the investorw directly,” Fox said.
Fox, a widow who once workedx as secretary inNew York, said she investes $50,000 in 1987 because she was relatecd to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneyh back from Social Securitypayments she’df made over the years on “phantom” incomde from Madoff accounts. However, she is worriedx that her disbursements may eventually be targeterd in clawback efforts by the trustese in bankruptcy proceedings who has begun sendinv out letters demanding the return of profites derived fromtheir investments.
Guy Fronstin a Boca Rato n attorney who hasadvised Fox, said the government has “been good about refunding taxes but there are delays in processing claims to the Securitiezs Investor Protection Corporation. “Some of the people I know are too busy with thes e other issues to really care that much about whathappened today. They believed he would spend the rest of his daysin jail,” Fronstin said. Jan an attorney with Adorno said he believes the courtt had little choice but to levy the maximum sentencron Madoff.
“I don’y think the victims should have been victimized again by havinhg him be able to leave prisonone day,” said whose firm continues to advis clients about tax returnss and possibly future claims againstf investment advisors who invested with Madoff. “I’mm wondering if the trustee will be able to locatd more than the billion plusthat he’s and what is the real Atlas said. In addition to his prison term, Madoff was ordered to forfeitynearly $170 billion, which represents the proceeds of, and property involved in certain of his according to a news release from the U.S.
Department of “While today’s sentence is an important milestone, the investigation is Lev L. Dassi, acting U.S. Attorney for the Southern Districtg ofNew York, said in a news “We are focused on tracing, restraining and liquidatinyg assets to maximize recoveries for the
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousandsd of dollarsto Madoff's The mastermind behind the biggest Ponzij scheme in U.S. history was sentenced on Monday morning in federal courtf in Manhattan to 150 years behind the maximum requested byfederakl prosecutors. Madoff's attorney had asked for a far more lenienf sentence of12 years. In sentencing U.S. District Judge Denny Chin calle thefraud “staggering” and said that the “breach of trust was The judge described his acts as “extraordinarily evil.
” “No other white-collar case is comparablee in terms of the duration and enormity of the fraued and the degree of the betrayal,” Chin Madoff confessed in March to 11 counts including money laundering theft and perjury, among other His victims reportedly number more than 1,300 and stretch acrossa the globe. Their losses are estimater at morethan $13 billion. Prior to Chin heard from nine of the victims who talkeds about thedevastation Madoff’s fraud had caused to their lives and theitr families.
Many of Madoff’s wealthy clients lived in South Florida and lost theie life savings tohis Fox, 86, said she is still furiouz that the and the federal governmentg didn’t expose Madoff’s fraud earlier. “Ther SEC is just as guilty as Madoff and theyfailefd us. Nobody seems to do anythinb about it,” Fox said. She also took issuee with the large fees beinfg paid to people such asIrving H. the trustee who is handling the liquidation ofBernard L. Madofc Investment Securities. “The trustee Picard is making hisown They’re paying these guys millions of dollars. It would be better to pay the investorw directly,” Fox said.
Fox, a widow who once workedx as secretary inNew York, said she investes $50,000 in 1987 because she was relatecd to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneyh back from Social Securitypayments she’df made over the years on “phantom” incomde from Madoff accounts. However, she is worriedx that her disbursements may eventually be targeterd in clawback efforts by the trustese in bankruptcy proceedings who has begun sendinv out letters demanding the return of profites derived fromtheir investments.
Guy Fronstin a Boca Rato n attorney who hasadvised Fox, said the government has “been good about refunding taxes but there are delays in processing claims to the Securitiezs Investor Protection Corporation. “Some of the people I know are too busy with thes e other issues to really care that much about whathappened today. They believed he would spend the rest of his daysin jail,” Fronstin said. Jan an attorney with Adorno said he believes the courtt had little choice but to levy the maximum sentencron Madoff.
“I don’y think the victims should have been victimized again by havinhg him be able to leave prisonone day,” said whose firm continues to advis clients about tax returnss and possibly future claims againstf investment advisors who invested with Madoff. “I’mm wondering if the trustee will be able to locatd more than the billion plusthat he’s and what is the real Atlas said. In addition to his prison term, Madoff was ordered to forfeitynearly $170 billion, which represents the proceeds of, and property involved in certain of his according to a news release from the U.S.
Department of “While today’s sentence is an important milestone, the investigation is Lev L. Dassi, acting U.S. Attorney for the Southern Districtg ofNew York, said in a news “We are focused on tracing, restraining and liquidatinyg assets to maximize recoveries for the
Wednesday, May 11, 2011
Inmark moves to Avondale from Pinson - Triangle Business Journal:
lehoquvuhu.wordpress.com
Real estate firm said the plastic containers and packagingh companyleased 23,625 square feet of office and warehouswe space at the park in Avondale. The compang has been in its current locatiohn in Pinson Valley for more than 20 Jack Key of Grahamk represented Inmark and Brad Moffat of representeddthe landlord. Graham said brokerf Walter Brown has the listing on morethan 410,00p square feet of sublease space at the Colonnade in AT&T’s vacant South Tower building. Radiologyu Associates renewed its 4,669-square-foot lease at Vestaviaa Centre. Brown represented the landlord in the renewed its lease in Calera and Decomas Modular Systems renewed its leasdein McCalla.
Combined, the two companiesw occupy morethan 270,000 square feet of space in Graham Co. developments. The renewals were handlexd by Graham brokers Sonny Culp andOgden Deaton.
Real estate firm said the plastic containers and packagingh companyleased 23,625 square feet of office and warehouswe space at the park in Avondale. The compang has been in its current locatiohn in Pinson Valley for more than 20 Jack Key of Grahamk represented Inmark and Brad Moffat of representeddthe landlord. Graham said brokerf Walter Brown has the listing on morethan 410,00p square feet of sublease space at the Colonnade in AT&T’s vacant South Tower building. Radiologyu Associates renewed its 4,669-square-foot lease at Vestaviaa Centre. Brown represented the landlord in the renewed its lease in Calera and Decomas Modular Systems renewed its leasdein McCalla.
Combined, the two companiesw occupy morethan 270,000 square feet of space in Graham Co. developments. The renewals were handlexd by Graham brokers Sonny Culp andOgden Deaton.
Sunday, May 8, 2011
Highwoods lines up $162M in loans - Puget Sound Business Journal (Seattle):
vanbeekdulejos1771.blogspot.com
Both loans should close within60 days. Highwoods (NYSE: HIW) says it will use the moneyt to repay debt and for generalcorporater purposes. “We are very pleased with theseloan commitments, whicbh will further fortify our alreadg healthy balance sheet, enhancr our liquidity and position Highwoods to take advantagse of future growth opportunities,” Ed president and chief executive said in a written statement. According to Highwoods, the two loana are: * A $115.0 million, 6.5-year secureed loan provided by at a fixed rateof 6.875 It is secured by a pool of 10 assetxs in Nashville, Raleigh and * A $47.3 million, 7-year secured loan arranged by at a fixerd rate of 7.5 percent.
It is secured by the office portion of RBC Plazwin Raleigh. Highwoods also announced that it has paid off a securesd loanof $107 million, whicuh carried a rate of 7.8 percent and was originally schedulexd to mature in Novemberr 2009. There were no prepayment
Both loans should close within60 days. Highwoods (NYSE: HIW) says it will use the moneyt to repay debt and for generalcorporater purposes. “We are very pleased with theseloan commitments, whicbh will further fortify our alreadg healthy balance sheet, enhancr our liquidity and position Highwoods to take advantagse of future growth opportunities,” Ed president and chief executive said in a written statement. According to Highwoods, the two loana are: * A $115.0 million, 6.5-year secureed loan provided by at a fixed rateof 6.875 It is secured by a pool of 10 assetxs in Nashville, Raleigh and * A $47.3 million, 7-year secured loan arranged by at a fixerd rate of 7.5 percent.
It is secured by the office portion of RBC Plazwin Raleigh. Highwoods also announced that it has paid off a securesd loanof $107 million, whicuh carried a rate of 7.8 percent and was originally schedulexd to mature in Novemberr 2009. There were no prepayment
Friday, May 6, 2011
Canadian investment firm buys 39 percent of Oregon window-door maker Jeld-Wen ... - Washington Post
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Forbes (blog) | Canadian investment firm buys 39 percent of Oregon window-door maker Jeld-Wen ... Washington Post A Canadian company that specializes in buying distressed businesses has agreed to purchase a 39 percent stake in Oregon door and window manufacturer Jeld-Wen Inc. for $675 million, The Oregonian reported. Onex Corp., a private-equity investment firm ... Window and Door Maker Jeld-Wen To Sell Minority Stake to Onex Jeld-Wen to sell 50000 acres of rural lands Jeld-Wen To Sell Land |
Wednesday, May 4, 2011
Oahu home sales show signs of recovery - Washington Business Journal:
http://my3strands.com/parents/Being-an-Effective-Parent.html
The median price for a single-family home was $550,00 in May compared to $649,500 a year ago, accordinhg to data from the . It also was the seconcd lowest price in the past 12 The median price was based on 225 down 11 percent from the same monthin 2008, when 252 housex were sold, but far better than the first four months of 2009. “The Oahu residentiak housing market is still weak but there are indicationes that we may be nearthe bottom,” said boardx President Sandra “Sam” Bangerter. “Single-family home salew rebounded a bit in May and the salesa speed of 49 days was faster than at the same timelast year.
” Bangerte noted that while single-family home pricew dipped, “the condominium median price has been holding quite steady at just over $300,000. These are just some of the signalxs that our housing market may be starting to returnto normalcy.” The median pricr of a condo on Oahu in May was which was 10 percent less than $337,30 0 in May 2008. That was based on 263 down 31 percent from the 382 sales in May but the highest monthly number sinceOctobedr 2008.
The median condo price in May was on a par with Januaryand December, and higher than two of the past 12 “Mainland cities have experienced significant inventory bloat and, with limitexd demand, this is the culprit in their falling said Harvey Shapiro, the board’s researc economist. “The fact that Oahu’s inventory of available propertiea continues to be low is the importan t factor that is keeping our priceswmore stable.” Shapiro noted that single-familty home prices in Hawaii Kai and Mililani decreasefd by only 7 percent, and that pricese for condos in Kapahulu, Ala Moana-Kakaako and Kailus actually rose last month.
“Inb an otherwise lackluster housing market, thesse positives may predict a turnaround for real even asthe state’s economic conditions continue to he said.
The median price for a single-family home was $550,00 in May compared to $649,500 a year ago, accordinhg to data from the . It also was the seconcd lowest price in the past 12 The median price was based on 225 down 11 percent from the same monthin 2008, when 252 housex were sold, but far better than the first four months of 2009. “The Oahu residentiak housing market is still weak but there are indicationes that we may be nearthe bottom,” said boardx President Sandra “Sam” Bangerter. “Single-family home salew rebounded a bit in May and the salesa speed of 49 days was faster than at the same timelast year.
” Bangerte noted that while single-family home pricew dipped, “the condominium median price has been holding quite steady at just over $300,000. These are just some of the signalxs that our housing market may be starting to returnto normalcy.” The median pricr of a condo on Oahu in May was which was 10 percent less than $337,30 0 in May 2008. That was based on 263 down 31 percent from the 382 sales in May but the highest monthly number sinceOctobedr 2008.
The median condo price in May was on a par with Januaryand December, and higher than two of the past 12 “Mainland cities have experienced significant inventory bloat and, with limitexd demand, this is the culprit in their falling said Harvey Shapiro, the board’s researc economist. “The fact that Oahu’s inventory of available propertiea continues to be low is the importan t factor that is keeping our priceswmore stable.” Shapiro noted that single-familty home prices in Hawaii Kai and Mililani decreasefd by only 7 percent, and that pricese for condos in Kapahulu, Ala Moana-Kakaako and Kailus actually rose last month.
“Inb an otherwise lackluster housing market, thesse positives may predict a turnaround for real even asthe state’s economic conditions continue to he said.
Sunday, May 1, 2011
Matthew Shipp: Art of the Improviser - PopMatters
lihung-associations.blogspot.com
Matthew Shipp: Art of the Improviser PopMatters Going with this momentum, Shipp played out a number of times, and Art of the Improviser is the result. The first disc is a five-song set performed by his trio of Michael Bisio on bass and Whit Dickey on drums, while the second disc is a solo set two ... |
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