Thursday, September 29, 2011

Point.360, Inc. Company Profile | PTSX Company Information

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Point.360 is one of the largest providers of video and film assetr management servicesto owners, producers and distributorx of entertainment content. We provide the services necessargyto edit, master, reformat and archive our clients' film and video including television programming, feature films and movie trailers usinfg electronic and physical Clients include major motion picturse studios and independent producers. We operate in a highly competitive environmen in which customers desire a broad rangs of services at areasonable price. Theres are many competitors offering some or all of the serviceds providedby us.
Additionally, some of our customers are large studios, which also have in-house capabilitiesx that may influence the amounft of work outsourced to companieslike Point.360. We attracy and retain customers by maintaining a high service level atreasonable prices. The market for our serviceds is primarily dependent onour customers' desire and abilitu to monetize their entertainment content. The major studiose derive revenuesfrom re-releasesz and/or syndication of motion pictures and television content. Whiler the size of this market isnot quantifiable, we believde studios will continue to repurpos e library content to augment uncertain revenuess from new releases. ...

Tuesday, September 27, 2011

CEO of United Healthcare quits to seek new venture - San Francisco Business Times:

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Loubet, who created a name for United statewide since he took the helm in said he will leave in late July to head intoa earlier-stage company that he can build. "I'm just at a pointg in my career where, in a smalll venture, I can move faster and have more influence at anearlier stage," said who has spent 13 years as an executive in Northerjn California health plans, first at HealthNet, then two yearws as Foundation's president. While he is stilo weighing options, including online health care andphysicianx services, he said the time was right to leave for both his careerf and for United.
"We've broughty in solid group management," he "The company's well positioned and ready to move Under Loubet's direction, United'x network has added 10,000 doctors grown from 10 counties to 25, and partneref up with the $30 billion AIG to serv Hong Kong. It has also landedc some key Bay Area accountsthis year: IBM, Lucenf Technologies, Pacific Gas & Electrivc Co., Gap Inc. and The Minneapolis company has tapped Emerg Dameron toreplace him. Health, hither and yon Washington Hospital CEONancy Farber, in has been named woman of the year by the Womeb Health Care Executives of Northerh California.
The award cites her 21-yea career in health care and her dedication to healtyh and wellness at thecommunity level. Emeryville's Chiron Corp. has startedx the first gene therapy trials in hemophilia patients to correct theirgenetic blood-clotting disorder. The biotecjh expects to have trial resultsnext year. Chirobn has also named Chievf Scientific OfficerLewis "Rusty" Williams, M.D., to its • South San Francisco's Shaman Pharmaceuticalws has hired 18-year marketing veteram Tom White to head its commercial strategy, marketingb and sales. A formee Procter & Gamble executive, White had been a generao manager at WeiderNutrition International.
He will help launch Shaman'sx first dietary supplements this summer, to treat diarrhea. • The Alzheimer'd Association is opening a new office in downtown Santa Rosa to serv e theSonoma area. The nonprofit now reachews 12,000 North Bay families from its office s inSan Rafael. Kristen Bole can be reachesd at kbole@amcity.com, or at 288-4951.

Sunday, September 25, 2011

Southern Community Bank shuttered - Boston Business Journal:

Glass Door Refrigerators
Essentially all of Southern Community’s operations -- including branches, deposit and assets -- will be acquired by Ga.-based (NASDAQ: UCBI), the third-largesgt bank in the state, through a loss-sharinfg transaction, according to an announcement by the Southern Communitgreported $377 million in total assets, $307 million in tota l deposits and five branches throughout the southern metro Under the terms of the deal, United Community will assume all of the bank’sa deposits and Southern Community branches will re-open as Unitec Community branches Monday.
United Community will also acquire $364 millio n of the failed bank’s assets, and the FDIC will shares in any future losses on as muchas $253 milliob of the bank’s assets, includinbg many outstanding loans. The FDIC said the loss-sharing arrangementt is the least-costly resolution for the nation’zs deposit insurer, and estimated the failure’s loss to the deposit insurance fund willbe $114 United Community purchased Southern Community’e deposits for a 1 percent premium, or $3 Southern Community followed a formula familiar to metr o Atlanta’s other dozen bank failures, swamped by bad real estatew loans, despite making efforts to turn around the ailing Last October, Southern Community announced it had overhauled operations and raised capital in an attemptr to survive, after receiving a cease and desisgt order from the FDIC.
The bank changef management, replacing founding CEO Gary McGaha with Dave andraised $2 million in additionap capital from directors, to weather additional loan "It is unfortunate that both internaol and external circumstances have led to this Southern Community Bank Chairman Thomas D. Reese said at the time in a news "However, our board is firmly committed to complying with all aspectse of the order and returning the bank toa well-performing financial institution." But as the real estats market’s deterioration continued to accelerate through the end of last Southern Community’s problems worsened.
The bank reporte d a 28 percent spik e in problem loans durinyg the fourth quarter of2008 -- the worst increase for the bank during the recent economic By first quarter Southern Community reported a 39.4 percent problem loan ratio -- a comparison of delinqueng loans, and foreclosed real estate to total loan -- one of the highest levels in the On March 31, the bank reported $33 millioj in foreclosed real estate, but only $13 million in capita to absorb further loan losses. The bank had a Texas ratiok of518 percent.
The ratio is a measure of a bank’s nonperforming loans and foreclosed real compared against the tangible commonn equity and loan loss reserves of the The calculation, created during the S&L Crisis, is used to roughlyh measure a bank’s health by industry insiders and observers. Nearly everyt Atlanta bank that has failed since Augusr2008 -- the start of the state’s bank failure crisiss -- had a Texas ratilo in excess of 300 percent. Unitefd Community’s buyout is the first by the north Georgiqa lender of afailed Atlanta-arez bank.
The purchase continues a strategy adopted by the bank during thefinanciap boom, when United Community attempted to “ring” Atlanta by buying smallerr rivals throughout the city’s suburbs. United Community Chiecf Financial Officer Rex Schuette saidSouthernh Community’s branches and deposits were the key reasons behind the “It complemented the branches were have in that area and really fillsa out that market for he said. “There’s also a significant amounty ofcore deposits, almost 14,000 customer This is one of the first faile d banks to actually have core customers.

Friday, September 23, 2011

Adams wrote resignation letter in January - Portland Business Journal:

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The letter appears to have beendrafter Jan. 21, the day after Adamsw addressed the media about theBreedlove matter. Adamsx did not formally submit theresignatiojn letter. Through a spokesman, Adams declined to comment on theresignatioh letter. “I have takej stock of the big mess Ihave created,” Adamsa wrote. “It is a distraction that this city cannot afforxd at this time ofdeep crisis. So I have resigned as Mayor (Jan. 21) at 3 p.m. Having worked closely with him formany years, I know that Interimn Mayor Randy Leonard will do a greayt job.
” “As I return to private life, immediately ahead for me, I will cooperated fully with any investigation of my dealingd with Beau Breedlove. And I will take time off to reflectg on my poor judgment in thesre matters and to fully learn all the lessonas I need to learn from my In theresignation letter, Adams said Commissioned Randy Leonard had agreed to retain Adams' Late Monday, Leonard confirmed he agreedc in January to retain the mayor's staftf if the mayor resigned. "Wed talked about it, and I said I admirde your staff, I know each one of them and I'cd ask them to he said.
Leonard said he'a glad the matter is "I'm glad he didn't resign and I'm really happty for Sam that this cloud hasbeen lifted," he said. The letterr was released by the attorney generalplate Monday. In the Kroger released a report saying he wouldf not file criminal chargees against Adams over his relationship with formee legislative internBeau Breedlove. Kroger said his investigators "obtainede no evidence that Adams engaged in illegalo sexual intercourse with a committedofficial misconduct, or engaged in theftg by deception." The letter was savecd on a Macbook Pro, belonging to that investigators searched in March.

Wednesday, September 21, 2011

Man climbs over White House fence, nabbed by Secret Service - Washington Post

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CTV.ca


Man climbs over White House fence, nabbed by Secret Service

Washington Post


By AP, WASHINGTON â€" A man climbed over the White House fence near its western entrance gate and ran toward the presidential residence Tuesday evening before he was apprehended by uniformed Secret Service officers, authorities said. No one was injured, ...


Man apprehended after climbing fence, running toward White House

USA Today



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Sunday, September 18, 2011

Minneapolis museum will return looted ancient vase to Italy - Los Angeles Times

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Minneapolis Star Tribune (blog)


Minneapolis museum will return looted ancient vase to Italy

Los Angeles Times


The Minneapolis Institute of Arts announced Thursday that it will return an ancient Greek vase to Italy after determining that it matched a photo Italian police had seized in a crucial 1995 raid on the Swiss warehouse of Giacomo Medici, an antiquities ...!


Stolen Ancient Greek Vase Returns to Italy

Greek Reporter


Minneapolis Institute of Arts to return ancient tomb-plundered vase to Italy

Pioneer Press


Minneapolis museum agrees to return ancient vase

Houston Chronicle


Minneapolis Star Tribune -UPI.com -Minnesota Public Radio


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Friday, September 16, 2011

Duke, CFO study: CFOs foresee more job cuts, credit woes - San Francisco Business Times:

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The quarterly Duke University/CFO Magazine Global Business Outlook Surveyaskedx 1,309 CFOs worldwide about their expectationxs for the economy. Theirt answers paint a gloomy picture for the rest ofthe * CFOs in the U.S. and Europe expectedd employment to shrinkby 5.5 percent, with the unemployment rate in the U.S. seen risinyg to perhaps as high as 12 percenf in the next12 months. Employment in Asia is expectex to recedeby 1.
2 “Presumably, government programs will offset some of thesed losses, but even the most optimistic governmenyt forecasts would reduce the losses by only 2 million,” said Campbelll Harvey, founding director of the survey and internationa l business professor at Duke’s Fuqua School of “We’re facing the possibility of another 4 million lost * U.S. and European CFOs foresede capital spending plunging by more than10 percent. In CFOs anticipate a 3 percent decline. * Six in 10 U.S. companieas covered by the survey reported havinf trouble finding credit or acquiring creditr at areasonable rate.
Among those firms encounteringtcredit impediments, 42 percent say the credir markets have gotten worse this year, while 23 percentt say conditions have * Weak consumer demand and the credit markets ranked as the top two external concerne among U.S. chief financial officers, with the federap government’s policies coming in third. Among internal CFOs are losing the most sleep over thei r inability to plan due toeconomiv uncertainty, managing their companies’ capital and liquidity, and maintainingg employee morale.
Despite all the negativr indicators, a majority of the CFOs in the Unitedr States and Asia reported being more optimisti this quarter than they were the previous That was not the casein Europe, wher e only 30 percent of the CFOs said they were more compared to the 31 percent who said they were less “Our survey carries an important message: Don’t put too much weighgt on the ‘soft’ data like consumer confidence. Recovery requireds sustained confidence, and such confidence is forgeed by strongereconomic fundamentals,” Harvey said.
“The economic fundamentals –- employment, capital spending, the cost of credi t – are still fundamentallyg troubling.” To see the complete survey results, go to the official Web site, .

Monday, September 12, 2011

U.S. Chamber economist: Get ready for another recession - Nashville Business Journal:

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Those odds may seem low, but they’re actuallhy high since double-dip recessions are rare and the U.S. economy growws 95 percent of the time, said the chamber’s Martgy Regalia. He predicts the current economic downturnm will end around but the unemployment rate will remain high througnh the first half ofnext year. Investmentt won’t snap back as quickly as it usually does afterda recession, Regalia said.
Inflation, however, loom as a potential problemj because of thefederal government’s huge budgeg deficits and the massive amount of dollars pumpex into the economy by the Federal Reserve, he If this stimulus is not unwound once the economy begins to recover, higher interest ratez could choke off improvement in the housingf market and business investment, he said. “Thwe economy has got to be running on its own by the middle ofnext year,” Regalia said. Almost every majord inflationary periodin U.S. history was preceded by heavy debt he noted. The chances of a double-dil recession will be lower if Ben Bernankd is reappointed chairman of the Federal Regalia said.
If President Barack Obamsa appoints his economic adviser Larrty Summers to chairthe Fed, that would signall the monetary spigot would remai n open for a longer he said. A coalescing of the Fed and the Obamaq administrationis “not something the marketsa want to see,” Regalia said. Obamaw has declined to say whether he willreappoint Bernanke, whose term ends in February. Meanwhile, more than half of small business owners expect the recession to last at least anotherrtwo years, according to a survety of Intuit Payroll customers.
But 61 percent expectr their own business to grow in the next12 “Small business owners are bullisy on their own abilities, but bearish on the factorxs they can’t control,” said Cameron Schmidt, director of marketinb for Intuit Employee Management Solutions. “Even in the gloomies economy there are opportunities to A separate survey of small business owners by Discovedr Financial Services found that 57 percent thought the economuy wasgetting worse, while 26 percent thought the economu was improving.
More than half planned to decrease spending on business developmenft in the nextsix

Saturday, September 10, 2011

Leaders share stories of books that hit home - Business Courier of Cincinnati:

http://www.theinsyderz.com/2002/italiano/il-casale.html
Former E.W. Scripps Co. CEO William former CEO John Pepperand co-founder Janet Reid will take part in the luncheonj series, called By the Reid will go firstt April 9, with "The Phoenix Principles," whichu she co-wrote with V. Randolph Brown. The book' s message is that diversity is abusinesd imperative. On April 26, Pepper, now the CEO of the , will discussd "Crossing to Safety" by Wallace Stegner or "Self Renewal: The Individual and the Innovative Society" by John Gardner. In an e-mailo exchange, Pepper said he hasn't picked one yet.
"Crossin g to Safety" is a story about two youngb couples who meet during the Depression and form alifelonv friendship. "Self Renewal" discusses the need to innovate in orderto thrive. "'Crossing to Safety' is probablu my favorite novel for the insights Stegner bring s tothe importance, challenge and beauty of human Pepper said in the Gardner is one of Pepper'as favorite writers on the subject of leadershil and personal growth. "He has written many wonderfulo books, but 'Self Renewal' would be my favorite," he said.
On May 22, Burleigg will discuss Aristotle's "Rhetoric," which places the discipline of publid speaking in the context of otherintellectual pursuits. Mercantile Library Executive Director Albert Pyle said the seriea aims to serve members whoare businesspeople. "This is a literart center," he said. "But literary coverds a big, wide field." Each talk runs from noon to 1 p.m. Cost is $10 for membersx or $15 for others. Lunchu is included. Reservations at (513) 621-0717 or www.mercantileinfo@mercantilelibrary.com.

Thursday, September 8, 2011

Boatmaker Genmar files Chapter 11 - Minneapolis / St. Paul Business Journal:

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The petition to reorganize its debts was filer Monday afternoonin U.S. Bankruptcy Courtf in Minneapolis along with more than 20relatef subsidiaries. Genmar has between 100 and 199 creditors. It listes its assets in the rageof $10 million to $50 millio n and its liabilities between $100 million and $500 million, accordinfg to court documents. The largest unsecurerd creditorsare Maslon, Edelman, Borman, a Minneapolis-based law firm whichu is owed $186,700. , a law firm in Minneapolis, is owed Law firm in Minneapolis, is representing Genmaer in thebankruptcy case. The only securerd creditors areand , according to a story in the Minneapolis Star Tribune .
Genmat said it has receivedc commitment fora debtor-in-possession (DIP) financing proposalk from both banks. In a Genmar Chairman, CEO and largest shareholder Irwinn Jacobs said sales ofthe company’s fishing luxury yachts and other products started to declinse in 2008, but worsened in recent months. The company’s sales in fiscal 2009, which ends in are likely to beabout $460 million, off by more than 50 percen from fiscal 2008. “If someone would have said to me as recentlgy as even one month ago that Genmar woulcd someday be filing forChapter 11, I woulrd have said it was not even a remots possibility,” Jacobs said.
Genmar had been makiny some strategy changes inreceny months, . A spinoff company, Pa.-based , and other Jacobs-related companies aren’ft included in the filing. VEC for energy-generating

Monday, September 5, 2011

R2P = Bush Doctrine w/o the Goal of Democracy? - First Things (blog)

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R2P = Bush Doctrine w/o the Goal of Democracy?

First Things (blog)


How does it differ or not from the stated (or defacto) Bush Doctrine? All doctrines aside, however, I think the essence of our Libya intervention was the right thing to do. I also like the be-invited-by-European-allies approach. ...



Saturday, September 3, 2011

L'éducation à l'environnement au programme de la rentrée - 20minutes.fr

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20minutes.fr


L'éducation à l'environnement au programme de la rentrée

20minutes.fr


Construire une ville pour 10.000 personnes en respectant l'environnement, trouver comment nourrir 9 milliards de personnes d'ici 2050 ou de gérer durablement les ressources de nos océans: ces thèmes dignes de sommets des Nations unies sont désormais en ...


Rentrée des classes: l'environnement au programme

SmartPlanet.fr



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Thursday, September 1, 2011

For sale: Class A office space - Atlanta Business Chronicle:

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The building at 7216 Cherryu Farms Road, formerly Goodlett Farmd Parkway, sits on an enclosed 27-acrd site in Cordova with 600 parkingy spaces. Harrah’s also is sellinvg 28 acres of undeveloped land acrossthe street. , originallty developed the building as its corporate but never occupied it after mergingwith Denver-based in 2003. Harrah’s boughft the building for $29 million in May 2006.
“Whart drew us to the building was the data center whicbh had been planned by the former saysWalt Phelan, director of administrativwe services at Harrah’s Memphis corporate “We searched across the country for a data centert which had built-in redundancies like we have here and we couldn’t find This was clearly the highest-end data center we coul find.” The building currently houses Harrah’s corporates financing, accounting, information technology, risk management and treasury departments. The company will be moving out between now andSeptemberf 2009.
The building has a Tier 4 data which is the highestclassificationh available, with multiple power supplies and on-site among other features. Harrah’s used the data centef to monitor itspropertiess nationwide. “It has a unique data centee which will hopefully attract a new userto Memphis. It’ws the best thing that could happento us, says Mark Halperin, executive vice president with “Anhy company that comes and fills that building in its entiretyu is going to have a lot of great which is what we need.” The buildinf also has 40,000 square feet of warehousing/flex 22,000 square feet of whic h has second-story office space.
Harrah’s is also lookinfg to sublease its original Memphis office space at 1023 Cherrt Road inEast Memphis. When the compangy purchased its Goodlett Farms it placed itsoriginal 114,000 square feet on the subleased market. The property consists of two a 60,000-square-foot building which has a leased expiring March 2017 anda 54,000-square-foot buildinb which has a lease expiring in March 2012.
Anthony principal broker at LLC, says the Goodletf Farms property will probably attract a buyer that wantsd tooccupy it, as opposed to an “I’m not sure an investor would want to take the risk of buyinhg a 285,000-square-foot, fully vacanyt single-tenant building,” he Also, investment sales in office properties have been down Memphis recorded $94 million in office investment sales during the past 12 months, according to ’s thircd quarter market report, down 63.8% from $260 million in sales in the same year-agoo period. Nationally, there was $77.4 billion in officee investment sales during the past12 months, down 66.8% comparedr to similar sales of $233.
4 billion in the same year-ago