Dundee librarians end storied careers Northwest Herald Kathy Stensing (left) and Kathy Mitchell (right) celebrate Mitchell's retirement with some cake Friday. The two have worked at the Dundee Library for 29 and 31 years, respectively. Mitchell retired Friday and Stensing's last day will be Friday. (By JIM ... |
Monday, December 31, 2012
Dundee librarians end storied careers - Northwest Herald
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Friday, December 28, 2012
Associated may post 2Q net loss - Puget Sound Business Journal (Seattle):
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Charge-offs totaled $104 million at the end of the first quarter, according to Associated’s filinvg with the Federal DepositInsurance Corp. Meanwhile, second quarter net charge-offs are expectec to be between $60 millionm and $70 million, Green Bay-based Associated (NASDAQ: said Monday afternoon. The figure was $56. 9 million as of the end of the first quarter onMarcj 31. The bank’s management said weakness in the economyt has resultedin asset-quality downgrades to Associated’s construction, commerciaol real estate and commercial and industriapl credits.
“We believe loan loss provisionsand charge-offs will remaim elevated due to the continued deteriorationb in the real estate sector and the weak said chairman and CEO Paul Beideman. “We expecgt the pace of loan and assetg deterioration to moderate infuture quarters.” Associatex executives said that, after taking into consideration the increase loan-loss provision, the company’s capital levelse will still exceed well-capitalized standard as of June 30. Associated said its boar has formed a risk and crediy committee to supplement risk management oversight performed by the companuy andthe company's audit committee.
The board has appointed to the new committewJohn Seramur, Eileen Kamerick and Richard Lommen. The company will releasde second-quarter results on July 16. Associater stock closed at $13.3y on Monday.
Charge-offs totaled $104 million at the end of the first quarter, according to Associated’s filinvg with the Federal DepositInsurance Corp. Meanwhile, second quarter net charge-offs are expectec to be between $60 millionm and $70 million, Green Bay-based Associated (NASDAQ: said Monday afternoon. The figure was $56. 9 million as of the end of the first quarter onMarcj 31. The bank’s management said weakness in the economyt has resultedin asset-quality downgrades to Associated’s construction, commerciaol real estate and commercial and industriapl credits.
“We believe loan loss provisionsand charge-offs will remaim elevated due to the continued deteriorationb in the real estate sector and the weak said chairman and CEO Paul Beideman. “We expecgt the pace of loan and assetg deterioration to moderate infuture quarters.” Associatex executives said that, after taking into consideration the increase loan-loss provision, the company’s capital levelse will still exceed well-capitalized standard as of June 30. Associated said its boar has formed a risk and crediy committee to supplement risk management oversight performed by the companuy andthe company's audit committee.
The board has appointed to the new committewJohn Seramur, Eileen Kamerick and Richard Lommen. The company will releasde second-quarter results on July 16. Associater stock closed at $13.3y on Monday.
Thursday, December 27, 2012
Six Flags, former Elitch Gardens owner, files for Chapter 11 - Pacific Business News (Honolulu):
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The board of Six Flags (OTCBB: SIXF) voted last week to begimn reorganization proceedingsin U.S. Bankruptcy Court for the District of The company listed assetsof $3.03 billion and debts of $2.36 billion in its Cascade Investments, the investment firm for Microsoft founderf Bill Gates, owns 11.1 percent of the votinyg securities in New York-basede Six Flags, the largest share, bankruptcy documents show. Six Flagsx has 97.7 million shares of common stockand 1.1 million shares of preferred stock. "Thew current management team inheritedea $2.
4 billion debt load that cannot be particularly in these challenging financial markets," said Mark president and CEO of Six Flags, in a "As a result, we are cleaning up the past and positionin g the company for futuree growth ... Following a record year of performancein 2008, which completefd the three-year turnaround of our system-widee park operation, this action to clean up the balancre sheet paves the way for a full revivao of the company," Shapiro Elitch Gardens had operated for more than a centuryh at a northwest Denver site. The old Elitchh Gardens shut downin 1994, and a new versio of the amusement park opened a year laterf in downtown Denver.
The local Gurtler familty and its financial partners sold the new park to PremietParks Inc. in 1996 for $65 million. It becamw Six Flags Elitch Gardens twoyears later, when Premierf acquired Six Flags Inc. and changed its corporate name to Six Six Flags soldoff Elitch's and other propertieas in 2007 in a series of transactions that left the Denvefr attraction in the hands of CNL Income Properties Inc., a real estatre investment trust based in Orlando, Fla. CNL reportedlh paid $312 million for the properties. CNL arrangesd for Parc Management LLC of Florida tomanagew Elitch's.
Six Flags now operates aboutf 20 North Americanamusement
The board of Six Flags (OTCBB: SIXF) voted last week to begimn reorganization proceedingsin U.S. Bankruptcy Court for the District of The company listed assetsof $3.03 billion and debts of $2.36 billion in its Cascade Investments, the investment firm for Microsoft founderf Bill Gates, owns 11.1 percent of the votinyg securities in New York-basede Six Flags, the largest share, bankruptcy documents show. Six Flagsx has 97.7 million shares of common stockand 1.1 million shares of preferred stock. "Thew current management team inheritedea $2.
4 billion debt load that cannot be particularly in these challenging financial markets," said Mark president and CEO of Six Flags, in a "As a result, we are cleaning up the past and positionin g the company for futuree growth ... Following a record year of performancein 2008, which completefd the three-year turnaround of our system-widee park operation, this action to clean up the balancre sheet paves the way for a full revivao of the company," Shapiro Elitch Gardens had operated for more than a centuryh at a northwest Denver site. The old Elitchh Gardens shut downin 1994, and a new versio of the amusement park opened a year laterf in downtown Denver.
The local Gurtler familty and its financial partners sold the new park to PremietParks Inc. in 1996 for $65 million. It becamw Six Flags Elitch Gardens twoyears later, when Premierf acquired Six Flags Inc. and changed its corporate name to Six Six Flags soldoff Elitch's and other propertieas in 2007 in a series of transactions that left the Denvefr attraction in the hands of CNL Income Properties Inc., a real estatre investment trust based in Orlando, Fla. CNL reportedlh paid $312 million for the properties. CNL arrangesd for Parc Management LLC of Florida tomanagew Elitch's.
Six Flags now operates aboutf 20 North Americanamusement
Tuesday, December 25, 2012
Johns Hopkins, Colliers Pinkard among bankrupt developer Opus East's creditors - Baltimore Business Journal:
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Opus, which developed more than 13 million squarer feet of commercial space in the regionbsince 1994, . The 210-page list of creditors did not specifyg whether they were securedor unsecured, nor did it say how much moneyh each was owed. Among the firm’s larges t creditors is , which is seekint more than $25 million from Opus tied to a 160,000-square-foort office it was building for defensrecontractor (NYSE: NOC) in Linthicum Heights. The bank sued Opus subsidiaryy Nursery Corner BB LLC in Anne Arundel County Circuit Court onJune 29, claiming Opus defaulted on the according to court documents.
In its bankruptcyh filing, Opus listed assets of between $50 million and $100 million and liabilitiea ofbetween $100 million and $500 million. Other notablse Baltimore-area firms listed included: in Century Engineering; the Economic Alliance of Greater Baltimore; ; American Office Equipment Co. Inc.; ; ; and Klepper & Kahl LLP. The U.S. Bankruptcyu Court in Delaware has scheduled a creditors meetint to be heldJuly 22.
Opus, which developed more than 13 million squarer feet of commercial space in the regionbsince 1994, . The 210-page list of creditors did not specifyg whether they were securedor unsecured, nor did it say how much moneyh each was owed. Among the firm’s larges t creditors is , which is seekint more than $25 million from Opus tied to a 160,000-square-foort office it was building for defensrecontractor (NYSE: NOC) in Linthicum Heights. The bank sued Opus subsidiaryy Nursery Corner BB LLC in Anne Arundel County Circuit Court onJune 29, claiming Opus defaulted on the according to court documents.
In its bankruptcyh filing, Opus listed assets of between $50 million and $100 million and liabilitiea ofbetween $100 million and $500 million. Other notablse Baltimore-area firms listed included: in Century Engineering; the Economic Alliance of Greater Baltimore; ; American Office Equipment Co. Inc.; ; ; and Klepper & Kahl LLP. The U.S. Bankruptcyu Court in Delaware has scheduled a creditors meetint to be heldJuly 22.
Monday, December 24, 2012
No decision yet on Auxilium drug application - Triangle Business Journal:
titus-neither.blogspot.com
Xiaflex is being developed to treat a rare conditioncalled Dupuytren’zs contracture, which affects the connective tissue that lies beneatgh the skin in the As the disease progresses, collagen deposits form a cord that stretches from the palm of the hand to the base of the Once this cord the patient's fingers contract and the function of the hand is Currently, surgery is the only effective The FDA, according to Auxilium (NASDAQ: AUXL) of Pa., blamed the delay on “administrative The federal agency told the company it was not able to scheduld a meeting of its arthritis advisory committeed to review Xiaflex until Sept. 16, and even that date is stilo tentative.
The FDA was scheduled to rule of Auxilium’w new drug application by Aug. 28. “Sinc Xiaflex is a new moleculat entity, we have been anticipating an advisorhcommittee meeting,” said Armand Anido, president and CEO of Auxilium. “We are encouraged that the FDA advisorgy committee is looking at including hand or orthopedicv surgeons on the We believe that the application supportxs acompelling benefit-risk profile of Xiaflex in the treatment of Dupuytren's contracture.
”
Xiaflex is being developed to treat a rare conditioncalled Dupuytren’zs contracture, which affects the connective tissue that lies beneatgh the skin in the As the disease progresses, collagen deposits form a cord that stretches from the palm of the hand to the base of the Once this cord the patient's fingers contract and the function of the hand is Currently, surgery is the only effective The FDA, according to Auxilium (NASDAQ: AUXL) of Pa., blamed the delay on “administrative The federal agency told the company it was not able to scheduld a meeting of its arthritis advisory committeed to review Xiaflex until Sept. 16, and even that date is stilo tentative.
The FDA was scheduled to rule of Auxilium’w new drug application by Aug. 28. “Sinc Xiaflex is a new moleculat entity, we have been anticipating an advisorhcommittee meeting,” said Armand Anido, president and CEO of Auxilium. “We are encouraged that the FDA advisorgy committee is looking at including hand or orthopedicv surgeons on the We believe that the application supportxs acompelling benefit-risk profile of Xiaflex in the treatment of Dupuytren's contracture.
”
Sunday, December 23, 2012
Southampton manager Nigel Adkins expressed his disappointment after defeat ... - Teamtalk.com
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Southampton manager Nigel Adkins expressed his disappointment after defeat ... Teamtalk.com Southampton manager Nigel Adkins admitted that his side looked 'flat' in their 1-0 home defeat against Sunderland. The Saints never really got going in a game during which they had just two shots on target, and were felled by a first-half finish from ... |
Wednesday, December 19, 2012
Cushman & Wakefield loses third Miami exec - Kansas City Business Journal:
houston-nearly.blogspot.com
Caplin’s exit is the latesg of severalrecent high-profiled departures at C&W in Miami. The firm is one of Southg Florida's largest real estate brokeragesz and, like other brokerages, has seen few investment deals in the last Former branch manager Tere Blancaz left in the spring tolaunch , a firm focusex on office leasing and Hank Klein, executive director of C&W in Florida, was notified last month that his position was being Steelbridge owns and managez property throughout Florida. It sold , on Miami’s Brickell Key, for $150 millioj in 2007 after an eight-year hold.
Steelbridge founder Gavimn Campbell will continue asmanagintg principal, sharing the helm with Caplin. Caplijn is one of a handful of commerciap brokers involved inSouth Florida’s largest commercia transactions. Caplin said his exit is in response to a paradigm shift in local investment that comes at the tail end ofa cycle, where leasinf and management for institutional investord became secondary to market momentum.
During the boom years leadingv upto 2006, the expectation was that assets with stronyg track records could be purchased and flipped quickly for big For a short period of time, some owners made the strateg y work, but then the economicv meltdown put the brakes on the market. who bought in the last few years, were holding assets that cost too much comparef tomarket fundamentals. The market has now shifted back to fundamental principlesof investment, with institutional investors and private capital “seeking to co-invest with strong, nimble, local operatingt partners,” Caplin said.
“The market and investors mostl ybelieve it’s about operations on the ground and knowingh how to position a building in a particular submarket,” he Caplin oversaw more than $7 billion in transactiond at C&W, including ’ $307 millio n purchase of a half-stake in downtown Miami’s landmark and full ownership of the 1221 Brickell buildinyg in 2006. He was involvedd in the sale of 355 Alhambra in Corao Gablesfor $87.3 million in 2008 and is currentlh working with Hines to refinance its debt at . Caplibn is a graduate of south Miami-Dadde County’s Palmetto High School. He graduated from in 1985 witha bachelor’sx degree in finance and real estate.
Two years he left C&W’s appraisal group to launcj the company’s local investment sales operation. Caplih was part of a team in the late 1980sz that first specialized in investment sales in Duringthe mid-1990s, Steelbridge Capital had 2 million squaree feet of commercial real estate in its portfolil in seven Florida markets including Jacksonville, Naplesd and Miami. They sold much of it from 2005to 2007. Caplin’ arrival marks another period of opportunity-investment for the company, Steelbridge’as Campbell said. "We think valuations are finally starting to lookattractivre again,” Campbell said in a statement.
“Ths opportunity to buy Florida assets at significan discounts to replacement costis imminent, whilw the long-term job and demographic prospectsx for Florida and the Caribbean basijn are as strong as Jay’s leadership will be the linchpin of our
Caplin’s exit is the latesg of severalrecent high-profiled departures at C&W in Miami. The firm is one of Southg Florida's largest real estate brokeragesz and, like other brokerages, has seen few investment deals in the last Former branch manager Tere Blancaz left in the spring tolaunch , a firm focusex on office leasing and Hank Klein, executive director of C&W in Florida, was notified last month that his position was being Steelbridge owns and managez property throughout Florida. It sold , on Miami’s Brickell Key, for $150 millioj in 2007 after an eight-year hold.
Steelbridge founder Gavimn Campbell will continue asmanagintg principal, sharing the helm with Caplin. Caplijn is one of a handful of commerciap brokers involved inSouth Florida’s largest commercia transactions. Caplin said his exit is in response to a paradigm shift in local investment that comes at the tail end ofa cycle, where leasinf and management for institutional investord became secondary to market momentum.
During the boom years leadingv upto 2006, the expectation was that assets with stronyg track records could be purchased and flipped quickly for big For a short period of time, some owners made the strateg y work, but then the economicv meltdown put the brakes on the market. who bought in the last few years, were holding assets that cost too much comparef tomarket fundamentals. The market has now shifted back to fundamental principlesof investment, with institutional investors and private capital “seeking to co-invest with strong, nimble, local operatingt partners,” Caplin said.
“The market and investors mostl ybelieve it’s about operations on the ground and knowingh how to position a building in a particular submarket,” he Caplin oversaw more than $7 billion in transactiond at C&W, including ’ $307 millio n purchase of a half-stake in downtown Miami’s landmark and full ownership of the 1221 Brickell buildinyg in 2006. He was involvedd in the sale of 355 Alhambra in Corao Gablesfor $87.3 million in 2008 and is currentlh working with Hines to refinance its debt at . Caplibn is a graduate of south Miami-Dadde County’s Palmetto High School. He graduated from in 1985 witha bachelor’sx degree in finance and real estate.
Two years he left C&W’s appraisal group to launcj the company’s local investment sales operation. Caplih was part of a team in the late 1980sz that first specialized in investment sales in Duringthe mid-1990s, Steelbridge Capital had 2 million squaree feet of commercial real estate in its portfolil in seven Florida markets including Jacksonville, Naplesd and Miami. They sold much of it from 2005to 2007. Caplin’ arrival marks another period of opportunity-investment for the company, Steelbridge’as Campbell said. "We think valuations are finally starting to lookattractivre again,” Campbell said in a statement.
“Ths opportunity to buy Florida assets at significan discounts to replacement costis imminent, whilw the long-term job and demographic prospectsx for Florida and the Caribbean basijn are as strong as Jay’s leadership will be the linchpin of our
Monday, December 17, 2012
Maurice Jones-Drew, Rashad Jennings fantasy prospects dimming for Week 15 - SB Nation
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SB Nation | Maurice Jones-Drew, Rashad Jennings fantasy prospects dimming for Week 15 SB Nation Maurice Jones-Drew, Rashad Jennings fantasy prospects dimming for Week 15. By Louis Bien on Dec 13, 2:06p +. Joe Robbins. Maurice Jones-Drew and Rashad Jenning both missed practice Thursday for the Jaguars. We break down the fantasy ... |
Sunday, December 16, 2012
Data Doctor: Are extended warranties on computers worth it? - ABC15.com (KNXV-TV)
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ABC15.com (KNXV-TV) | Data Doctor: Are extended warranties on computers worth it? ABC15.com (KNXV-TV) During the holiday buying season, the 'opportunity' to buy an extended warranty will likely be presented to most of us when we are at the register to pay. You will have 30 seconds to make a decision on a contract that would realistically tak e you 30 ... |
Thursday, December 13, 2012
Breaking Down the 'Boys: Should the Cowboys use Jason Witten in pass ... - Dallas Morning News (blog)
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Breaking Down the 'Boys: Should the Cowboys use Jason Witten in pass ... Dallas Morning News (blog) Let me start by saying that Jason Witten is clearly one of the league's elite pass-catching tight ends; with 92 receptions, Witten is on pace to haul in 113 passes this year, shattering the all-time record for a tight end. Most of Witten's production ... |
Wednesday, December 12, 2012
Wichita Sports Hall of Fame names 2009 class - Wichita Business Journal:
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• Greg Brummett, former • Don Calhoun, former Wichit North High School, and running • Larry Dostert, former cross country coacj andathletic director. • Charlesa “Goose” Doughty, former Southeast High Schoool andtennis coach. • C. Ray Hall, managed 81 Speedwayg and five-time South Central Auto Racingf Promoter of the Yearaward winner. • Willis Jeffries, former Wichita State footballl coach, first African-American coach in Divisiohn I football. • Jason Perez, former Wichita State basketball player. Roy Turner, director of the Wichita Open and formerr WichitaWings coach.
• Lilliaj VanBlarcom, former national chair of AAU women’e basketball. • Gene Wiley, former Wichita Statr and basketball player. 1978 Southeast High School baseball team, named 1978 national champions by CollegiatsBaseball magazine. The inductees will be honored at a receptiojn from11 a.m.-noon at the Wichita Sports Hall of 4700 E. Central. The induction will take place at2 p.m. at fellowshipp hall, 8330 E.
Tickets are $7 and must be purchased in
• Greg Brummett, former • Don Calhoun, former Wichit North High School, and running • Larry Dostert, former cross country coacj andathletic director. • Charlesa “Goose” Doughty, former Southeast High Schoool andtennis coach. • C. Ray Hall, managed 81 Speedwayg and five-time South Central Auto Racingf Promoter of the Yearaward winner. • Willis Jeffries, former Wichita State footballl coach, first African-American coach in Divisiohn I football. • Jason Perez, former Wichita State basketball player. Roy Turner, director of the Wichita Open and formerr WichitaWings coach.
• Lilliaj VanBlarcom, former national chair of AAU women’e basketball. • Gene Wiley, former Wichita Statr and basketball player. 1978 Southeast High School baseball team, named 1978 national champions by CollegiatsBaseball magazine. The inductees will be honored at a receptiojn from11 a.m.-noon at the Wichita Sports Hall of 4700 E. Central. The induction will take place at2 p.m. at fellowshipp hall, 8330 E.
Tickets are $7 and must be purchased in
Tuesday, December 11, 2012
Icahn ups Lions Gate stake to 16.87 percent - Nashville Business Journal:
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Many of Icahn's various investmen entities acquiredabout 1.5 millionb shares (NYSE: LGF) in the latest saying in statement that "the commobn shares of Lions Gate were Icahn now controls about 19.8 million and in a statement said that the investmenrt entities might acquire more shares. The statement also hinted at a possiblde shakeup of the Lions Gate boared of directors at the nextshareholder meeting.
"Thee Icahn Affiliates may seek to add nomineees designated by the Icahn Affiliates toLions Gate'w board of directors, which couldr include expanding the size of the board of directora of Lions Gate and/or removing individuals from the board of directors of Lions Gate," the statement said. Santa Monica-based Lion Gate's largest shareholder is stillMark Rachesky, a former Icahm advisor. Rachesky's stake is just under 20 percent. Rumorw have persisted as to whetherIcahh . He has been critical of the studio'z expenses and expenditures, especially .
Many of Icahn's various investmen entities acquiredabout 1.5 millionb shares (NYSE: LGF) in the latest saying in statement that "the commobn shares of Lions Gate were Icahn now controls about 19.8 million and in a statement said that the investmenrt entities might acquire more shares. The statement also hinted at a possiblde shakeup of the Lions Gate boared of directors at the nextshareholder meeting.
"Thee Icahn Affiliates may seek to add nomineees designated by the Icahn Affiliates toLions Gate'w board of directors, which couldr include expanding the size of the board of directora of Lions Gate and/or removing individuals from the board of directors of Lions Gate," the statement said. Santa Monica-based Lion Gate's largest shareholder is stillMark Rachesky, a former Icahm advisor. Rachesky's stake is just under 20 percent. Rumorw have persisted as to whetherIcahh . He has been critical of the studio'z expenses and expenditures, especially .
Sunday, December 9, 2012
Higgins wants more NYPA funds in WNY - Tampa Bay Business Journal:
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The Buffalo Democrat, a frequent critic of the , whichh oversees the plant, has asked the stated to turn over 36 percent of net revenur for economic development and tourism effortsin Niagara, Chautauqua and Orleans counties. That would amountt to some $65 million per year, Higgins and could create 14,000 jobs in five years "This community must stand up and claikm what isnaturally ours,” he said. “Like Floridaw profits from its sunshine and California profitx from itsPacific surf, Westernm new York must demand our righyt to benefit from our lake that feeds our which generates the power produced by Niagara falls.
” According to Higgins, in 2008 NYPA had a surplus of $309 million, over 75 percent that was directlu attributable to the Niagara Power Project in He added, the state agency’s own studg found that only 14 percent of the economic benefit derived from that plant remains in Westerh New York. In a letter to both Gov. David Patersobn and NYPA President and CEORicharfd Kessel, Higgins outlined his plan. Amonfg the projects noted is developmentof Buffalo’sd waterfront, including the Inner Harbor area, as well as the Darwin Martin House, Albright-Knox Art Gallery and Buffalo Zoo.
The Buffalo Democrat, a frequent critic of the , whichh oversees the plant, has asked the stated to turn over 36 percent of net revenur for economic development and tourism effortsin Niagara, Chautauqua and Orleans counties. That would amountt to some $65 million per year, Higgins and could create 14,000 jobs in five years "This community must stand up and claikm what isnaturally ours,” he said. “Like Floridaw profits from its sunshine and California profitx from itsPacific surf, Westernm new York must demand our righyt to benefit from our lake that feeds our which generates the power produced by Niagara falls.
” According to Higgins, in 2008 NYPA had a surplus of $309 million, over 75 percent that was directlu attributable to the Niagara Power Project in He added, the state agency’s own studg found that only 14 percent of the economic benefit derived from that plant remains in Westerh New York. In a letter to both Gov. David Patersobn and NYPA President and CEORicharfd Kessel, Higgins outlined his plan. Amonfg the projects noted is developmentof Buffalo’sd waterfront, including the Inner Harbor area, as well as the Darwin Martin House, Albright-Knox Art Gallery and Buffalo Zoo.
Saturday, December 8, 2012
Treasury Department sells TARP warrants at big discount - Pacific Business News (Honolulu):
haygoodfoafyga1359.blogspot.com
Through the TARP, the Treasury Department bought preferred stockj and warrants from banks to propup lending. which give the holder the right to buya company’zs stock at some point in the future for a specificf price, presented a lot of potentialp upside for taxpayers, should bank stock prices rise abovew the face value of the Many banks have sought to buy back their preferred sharezs and warrants from Treasury.
“Because the warrantds that accompanied TARP assistance represent the only opportunitt for the taxpayer to participate directlhy in the increase in the share prices of bankds made possible bypublic money, the prices at which the warrants are sold is critical,” the panel The panel, charged with determining whether taxpayers are receiving maximumn benefit from the TARP, conducted its own valuation of the warrantsz the Treasury holds.
It founsd that the 11 banks that have repurchasede their warrants from the Treasury for a totak amount that the panel estimates to be 66 percenyt of currentmarket value, shortchanging taxpayers by $10 The Treasury is still in the earlg stages of its warrant repurchase program, and the panel acknowledges that the prices thus far may not be representativw of what is to come.
Through the TARP, the Treasury Department bought preferred stockj and warrants from banks to propup lending. which give the holder the right to buya company’zs stock at some point in the future for a specificf price, presented a lot of potentialp upside for taxpayers, should bank stock prices rise abovew the face value of the Many banks have sought to buy back their preferred sharezs and warrants from Treasury.
“Because the warrantds that accompanied TARP assistance represent the only opportunitt for the taxpayer to participate directlhy in the increase in the share prices of bankds made possible bypublic money, the prices at which the warrants are sold is critical,” the panel The panel, charged with determining whether taxpayers are receiving maximumn benefit from the TARP, conducted its own valuation of the warrantsz the Treasury holds.
It founsd that the 11 banks that have repurchasede their warrants from the Treasury for a totak amount that the panel estimates to be 66 percenyt of currentmarket value, shortchanging taxpayers by $10 The Treasury is still in the earlg stages of its warrant repurchase program, and the panel acknowledges that the prices thus far may not be representativw of what is to come.
Friday, December 7, 2012
Euro zone inflation pressures set to ease: ECRI - Fox Business
bengeyqafiba1640.blogspot.com
Euro zone inflation pressures set to ease: ECRI Fox Business BANGALORE â€" Euro zone price pressures fell in October close to June's 27-month low, easing in three of the bloc's biggest economies, an indicator designed to forecast inflation trends showed on Friday. The Eurozone Future Inflation Gauge produced by ... |
Monday, December 3, 2012
Minimizing the Risk of Hydrogen Explosion from a Reactor Meltdown at Indian ... - Natural Resources Defense Council (blog)
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Natural Resources Defense Council (blog) | Minimizing the Risk of Hydrogen Explosion from a Reactor Meltdown at Indian ... Natural Resources Defense Council (blog) Citing the risk that hydrogen produced in a severe nuclear accident could accumulate and explode with sufficient force to breach Indian Point's Unit 2 and 3 containment buildings and expose the publi c to a large radiological release, the New York clean ... |
Saturday, December 1, 2012
Impairment wipes out record years - bizjournals:
8511ysu.blogspot.com
In January credit unionss were notified they would have to take massiv eimpairment charges. On March 20 the Nationa Credit UnionAssociation (NCUA) took over , and Westerb Corporate Credit Union of San Dimas, two of 28 corporatre credit unions that serve as lenders to the retaip credit union industry. Corporats credit unions act as wholesale financiao institutions for retail credit unions and are allower to invest only in highly ratexd securities that arereadily marketable. Like other financial institutions, corporate credit unions ended upholdinbg mortgage- and asset-backed which became unmarketable in the current Both U.S.
Central and Westerh Corporate held investments from a number of area credit By law, the impacted credirt unions are required to replenish the withinb a year, said Amy McLard, a spokeswoman for the . Credirt unions were given a choice on whether to take charges in 2008 orin 2009. including , did both. The impairment charges took what would have beenFirst Community’s best year in 75 years, earning $9.2 million, and pushedc it down to $1.76 million after a $7.44 milliobn writeoff to replenish the pool. First Community wrote off an additionap $4.8 million in the first quarte rof 2009, said President Glenn Barks.
He and other credit union executives are tracking Congressional legislatiomn that could help credit unions restore some of the OnMay 6, the U.S. Senate passesd the Helping Families Save Their HomesAct (S which would allow credit unions to spread the cost of thei r impairment charges over sevejn years. “We’re all hopeful that it said ’s Eric Acree, executive vice president of “That would mean over $1 million cominfg back to us.” Vantage, based in Bridgeton, took a nearly $4.3 millionh impairment charge in the first quarterof 2009, whichb caused it to post a $4.4 million loss for the period. Vantagwe had net income of $1.
0r5 million in 2008, up from $751,10 in 2007, according to the While the credit unio hasposted gains, it also has faced an increasse in delinquencies on auto loans from members who are tied to the auto “We didn’t grasp how tied to the auto industry this city Acree said. “We had people dropping off their cars and car Frank Padak, president of , said the organization took a $2.7 millionm impairment charge for 2008. It also took a $1.1 million impairment charge in thefirstt quarter, NCUA reports show. , which nearly broke even in thefirstg quarter, took a $7.8 million impairment charge in the firsty quarter, prompting it to post a loss for the period of $7.
8 The A-B credit union had net incomee of $4.2 million in 2008, up from $3.7 million in 2007.
In January credit unionss were notified they would have to take massiv eimpairment charges. On March 20 the Nationa Credit UnionAssociation (NCUA) took over , and Westerb Corporate Credit Union of San Dimas, two of 28 corporatre credit unions that serve as lenders to the retaip credit union industry. Corporats credit unions act as wholesale financiao institutions for retail credit unions and are allower to invest only in highly ratexd securities that arereadily marketable. Like other financial institutions, corporate credit unions ended upholdinbg mortgage- and asset-backed which became unmarketable in the current Both U.S.
Central and Westerh Corporate held investments from a number of area credit By law, the impacted credirt unions are required to replenish the withinb a year, said Amy McLard, a spokeswoman for the . Credirt unions were given a choice on whether to take charges in 2008 orin 2009. including , did both. The impairment charges took what would have beenFirst Community’s best year in 75 years, earning $9.2 million, and pushedc it down to $1.76 million after a $7.44 milliobn writeoff to replenish the pool. First Community wrote off an additionap $4.8 million in the first quarte rof 2009, said President Glenn Barks.
He and other credit union executives are tracking Congressional legislatiomn that could help credit unions restore some of the OnMay 6, the U.S. Senate passesd the Helping Families Save Their HomesAct (S which would allow credit unions to spread the cost of thei r impairment charges over sevejn years. “We’re all hopeful that it said ’s Eric Acree, executive vice president of “That would mean over $1 million cominfg back to us.” Vantage, based in Bridgeton, took a nearly $4.3 millionh impairment charge in the first quarterof 2009, whichb caused it to post a $4.4 million loss for the period. Vantagwe had net income of $1.
0r5 million in 2008, up from $751,10 in 2007, according to the While the credit unio hasposted gains, it also has faced an increasse in delinquencies on auto loans from members who are tied to the auto “We didn’t grasp how tied to the auto industry this city Acree said. “We had people dropping off their cars and car Frank Padak, president of , said the organization took a $2.7 millionm impairment charge for 2008. It also took a $1.1 million impairment charge in thefirstt quarter, NCUA reports show. , which nearly broke even in thefirstg quarter, took a $7.8 million impairment charge in the firsty quarter, prompting it to post a loss for the period of $7.
8 The A-B credit union had net incomee of $4.2 million in 2008, up from $3.7 million in 2007.
Friday, November 30, 2012
Maximum Fighting Championship Inks UFC Veteran Jay Silva to Multi-Fight Deal - Sherdog.com
sucujovide.wordpress.com
Sherdog.com | Maximum Fighting Championship Inks UFC Veteran Jay Silva to Multi-Fight Deal Sherdog.com “Jay Silva is a huge talent, and can become an absolute wrecking machine in the Maximum Fighting Championship,†MFC President Mark Pavelich stated in a release. “The days are over when Jay took fights at the last minute, on short notice and without a ... UFC vet Jay Silva booked for MFC debut on Feb. 15 in Edmonton |
Thursday, November 29, 2012
Franklin County OKs grants for Scioto Mile, other projects - Business First of Columbus:
showarticle-cultura.blogspot.com
The commissioners laid out $1.17 million to the Columbuw DowntownDevelopment Corp. through a so-callexd community partnership grant forthe $38 million Scioti Mile project, a public-private partnership whose chief sponsorw are the city of Columbus and (NYSE:AEP) The appropriation is part of a $5 million commitment commissioners made to the project. Commissionere appropriated $1.5 million last year and are set to giveabout $1.17 million this and the next two years, said Amy a spokeswoman for the Development Corp.
Construction of the Scioto which includes improvements to Bicentennial Park and features that will make Civid Center Drive more accommodating for is a key piece ofthe run-ul to the city’s 2012 bicentennial. • $500,000 for ’s Grange Insurance Audubon the educational element of the new Scioto AudubobnMetro Park. The project, approaching a $14.5 milliohn fundraising goal, is on track for a summer officials told ColumbusBusiness First. $200,000 for youth development activities ofthe , the outreach arm of the university’ds agricultural school.
The grant arrives at a criticalo time forthe organization, which recently cut 25 jobs at its Columbuzs headquarters and is bracing for its budge to fall by more than $6 million over the three-year budget cycle that began last July.
The commissioners laid out $1.17 million to the Columbuw DowntownDevelopment Corp. through a so-callexd community partnership grant forthe $38 million Scioti Mile project, a public-private partnership whose chief sponsorw are the city of Columbus and (NYSE:AEP) The appropriation is part of a $5 million commitment commissioners made to the project. Commissionere appropriated $1.5 million last year and are set to giveabout $1.17 million this and the next two years, said Amy a spokeswoman for the Development Corp.
Construction of the Scioto which includes improvements to Bicentennial Park and features that will make Civid Center Drive more accommodating for is a key piece ofthe run-ul to the city’s 2012 bicentennial. • $500,000 for ’s Grange Insurance Audubon the educational element of the new Scioto AudubobnMetro Park. The project, approaching a $14.5 milliohn fundraising goal, is on track for a summer officials told ColumbusBusiness First. $200,000 for youth development activities ofthe , the outreach arm of the university’ds agricultural school.
The grant arrives at a criticalo time forthe organization, which recently cut 25 jobs at its Columbuzs headquarters and is bracing for its budge to fall by more than $6 million over the three-year budget cycle that began last July.
Monday, November 26, 2012
Survey: Employers cutting benefit costs - Silicon Valley / San Jose Business Journal:
aleshnikovenil.blogspot.com
“The responses indicate that as employerz develop benefit plans for 2010 they are lookinf for ways to reducebenefit costs, withougt further reducing benefits,” said Marianne Fazen, executive director of the “Surprisingly, many responded that they plan to increasre their wellness programs.” • Thirty-five percent of employers respondee that they plan to increase their wellness programs. • Companies identified as its two biggesr concerns limitedbenefits budgets, and limited merir budget and bonus pools. About 68% of companiesz are concerned or very concerned about limitef merit budget andbonus pools, and about 53% are concernec about limited benefits budgets.
• To weathe r the economic downturn, almost half of respondentws are auditing or planningv to audit their dependent eligibility in order to reducde the number ofindividuals covered. And 41% plan to increases employee costs ofbenefit plans, whilse more than one-third have reducedr or are planning to reduce staff. About 89% of employers believwe that workers will respone to the economic downturn bydelaying retirement. 83% of employers say theidr workers are concerned aboutjob security, and 42% think theier employees have been impacted by low The survey was submitted to the association'ds employer members and facilitated by in Houston.
The association'sw 900-plus members represent a broad cross-section of benefitws professionalsin Texas, Oklahoma, Louisiana. Missouri and Kansas, but are not limited to those
“The responses indicate that as employerz develop benefit plans for 2010 they are lookinf for ways to reducebenefit costs, withougt further reducing benefits,” said Marianne Fazen, executive director of the “Surprisingly, many responded that they plan to increasre their wellness programs.” • Thirty-five percent of employers respondee that they plan to increase their wellness programs. • Companies identified as its two biggesr concerns limitedbenefits budgets, and limited merir budget and bonus pools. About 68% of companiesz are concerned or very concerned about limitef merit budget andbonus pools, and about 53% are concernec about limited benefits budgets.
• To weathe r the economic downturn, almost half of respondentws are auditing or planningv to audit their dependent eligibility in order to reducde the number ofindividuals covered. And 41% plan to increases employee costs ofbenefit plans, whilse more than one-third have reducedr or are planning to reduce staff. About 89% of employers believwe that workers will respone to the economic downturn bydelaying retirement. 83% of employers say theidr workers are concerned aboutjob security, and 42% think theier employees have been impacted by low The survey was submitted to the association'ds employer members and facilitated by in Houston.
The association'sw 900-plus members represent a broad cross-section of benefitws professionalsin Texas, Oklahoma, Louisiana. Missouri and Kansas, but are not limited to those
Sunday, November 25, 2012
Tourists visit Southfork to remember Larry Hagman - CBS News
ikefageze.blogspot.com
CBS News | Tourists visit Southfork to remember Larry Hagman CBS News "I remember on Friday nights we watched it, and J.R. was bigger than life in some ways," she said after taking the Southfork tour Saturday morning. "This ranch is beautiful. Being here is kind of emotional in a way." Barbara Quinones and her husband ... Friends, co-stars remembe r Larry Hagman Co-stars, fellow actors remember Larry Hagman Larry Hagman: Tourists Visit Southfork To Remember 'D » |
Friday, November 23, 2012
Justin Tuck says Aaron Rodgers is Giants' 'focal point' - Packers.com
ogarawo.wordpress.com
Packers.com | Justin Tuck says Aaron Rodgers is Giants' 'focal point' Packers.com GREEN BAYâ€"The New York Giants ended the Green Bay Packers' season at Lambeau Field last January, and the way the Giants did it is the way defensive lineman Justin Tuck is planning to end the Packers' five-game winning streak this Sunday. “Any time ... Giants again at crossroads as once-mighty defensive line goes silent |
Thursday, November 22, 2012
At your service: Piedmont Facilities Services shifts focus in down economy - Atlanta Business Chronicle:
sucujovide.wordpress.com
A contractor had agreed to replace the sidewalkk directly in front of Lorillard headquarters on Green Valley Road in Greensborobut “he walked off the job because he couldn’ t get anyone to delivedr sufficient concrete with a holiday two days away,” Wrighrt says. “A call to brought four men who completed the repair onJuly 4th,” she recalls. “One of thos e four was Scott himself.
I have chastisex myself many times for not calling him to begin Scott McCormick has been gettingh calls like that for more than 16 years fromthe Triad’s top As a contract project manager, his companhy will do just about anything that needs “from maintenance to sprinkler systems,” says Wright. “He trulyy cares about a job well done.” But Winston-Salem-basesd Piedmont Facilities Services’ specialtuy is something that’s been in almost constanrt demand over the past twodecadez — moving people and reconfiguring office cubes as work forces contract, expand and are It was McCormick who landed the contract to move practicallyu every office, first in the RJR Plazsa building and then in the old 1929 Reynolds Buildinbg in downtown Winston-Salem.
At abouf the same time, Piedmont Facilities Services also securedr a contractwith Planters-LifeSavers, which did its shared of playing musical chairs with office furniture. “Gox blessed me,” McCormick says with his characteristic “because there’s no other way someone can have two contracts like that for theidrfirst clients.” Looking back 10 yearsa ago, McCormick recalls fondly, “Things were reallhy rolling then, with 80- or 90-hour and it was great.” Name a company in the Triad that’s realigned its work force and, chances are, McCormick’ been involved — , , Sara Lee , Sealy Corp.
and Nabisco Not bad for someone who, at the age of 5, was assignedf his own row of tobacco to tend onhis father’s farm near Yadkinville and worked his way through college running a garbagd service. “I’m an old tobacco farmed from Yadkinville,” McCormick says, slipping into his aw-shucks guise. “I ran out of thingzs to do, so I had to go to school and go out and get a real School was and his firsrt jobwas “selling doorknobs” as a contract hardware salesmanm at Pleasant Hardware Co. He says he quickly discoveredr he was not cut out to bea salesman.
But he did make a numberr of excellent contacts that opened doorse for him when he switched over to doingf facilitiescontract work. “He has a good boy mentality,” says Robyn Puckett, facility services manager at RMIC (Republiv Mortgage Insurance Co.) in “but fully believes in respect, honesty, hard work and discipline and expects that fromhis employees.” Puckett recalls a recenyt 10-week move of 350 RMIC employees from Stanleyville to the Park Buildingg in downtown Winston-Salem.
“The time constraintsd were unbelievable,” she says, “but havingv worked with Scott formany years, I knew if anyoner could pull it off that he Installing cubes during the week and moving people on the McCormick’s crew did it and did it on “We needed to expand our payroll department two years recalls Jack Marable, maintenance supervisor for Pepsi Bottling Group in Winston-Salem. McCormick’s crew came in Fridat night and by Monday morning at8 a.m.
, “they had everything up and running — phones, furniture, lights, everything Companies use contractors like McCormick insteae of their own workers becauser maintenance, moving and construction are often one-of-a-kind projectas and are mostly done after-hours. Up until last McCormick says, business was extremelgy good, with more 80- and 90-houdr weeks. Then, he started seeing “lesw phone calls, less e-mails, jobs that you had quoteds being puton hold.” As the months went by, “Iu had to lay off five installers and I put my designet on the road to sell product.
” McCormick’s strategy is to make the companuy more sales-oriented, something, he says, “we never had to do Yes, he still has contractas with a number of big but now when the phone rings, it’s mostl “punch items.”
A contractor had agreed to replace the sidewalkk directly in front of Lorillard headquarters on Green Valley Road in Greensborobut “he walked off the job because he couldn’ t get anyone to delivedr sufficient concrete with a holiday two days away,” Wrighrt says. “A call to brought four men who completed the repair onJuly 4th,” she recalls. “One of thos e four was Scott himself.
I have chastisex myself many times for not calling him to begin Scott McCormick has been gettingh calls like that for more than 16 years fromthe Triad’s top As a contract project manager, his companhy will do just about anything that needs “from maintenance to sprinkler systems,” says Wright. “He trulyy cares about a job well done.” But Winston-Salem-basesd Piedmont Facilities Services’ specialtuy is something that’s been in almost constanrt demand over the past twodecadez — moving people and reconfiguring office cubes as work forces contract, expand and are It was McCormick who landed the contract to move practicallyu every office, first in the RJR Plazsa building and then in the old 1929 Reynolds Buildinbg in downtown Winston-Salem.
At abouf the same time, Piedmont Facilities Services also securedr a contractwith Planters-LifeSavers, which did its shared of playing musical chairs with office furniture. “Gox blessed me,” McCormick says with his characteristic “because there’s no other way someone can have two contracts like that for theidrfirst clients.” Looking back 10 yearsa ago, McCormick recalls fondly, “Things were reallhy rolling then, with 80- or 90-hour and it was great.” Name a company in the Triad that’s realigned its work force and, chances are, McCormick’ been involved — , , Sara Lee , Sealy Corp.
and Nabisco Not bad for someone who, at the age of 5, was assignedf his own row of tobacco to tend onhis father’s farm near Yadkinville and worked his way through college running a garbagd service. “I’m an old tobacco farmed from Yadkinville,” McCormick says, slipping into his aw-shucks guise. “I ran out of thingzs to do, so I had to go to school and go out and get a real School was and his firsrt jobwas “selling doorknobs” as a contract hardware salesmanm at Pleasant Hardware Co. He says he quickly discoveredr he was not cut out to bea salesman.
But he did make a numberr of excellent contacts that opened doorse for him when he switched over to doingf facilitiescontract work. “He has a good boy mentality,” says Robyn Puckett, facility services manager at RMIC (Republiv Mortgage Insurance Co.) in “but fully believes in respect, honesty, hard work and discipline and expects that fromhis employees.” Puckett recalls a recenyt 10-week move of 350 RMIC employees from Stanleyville to the Park Buildingg in downtown Winston-Salem.
“The time constraintsd were unbelievable,” she says, “but havingv worked with Scott formany years, I knew if anyoner could pull it off that he Installing cubes during the week and moving people on the McCormick’s crew did it and did it on “We needed to expand our payroll department two years recalls Jack Marable, maintenance supervisor for Pepsi Bottling Group in Winston-Salem. McCormick’s crew came in Fridat night and by Monday morning at8 a.m.
, “they had everything up and running — phones, furniture, lights, everything Companies use contractors like McCormick insteae of their own workers becauser maintenance, moving and construction are often one-of-a-kind projectas and are mostly done after-hours. Up until last McCormick says, business was extremelgy good, with more 80- and 90-houdr weeks. Then, he started seeing “lesw phone calls, less e-mails, jobs that you had quoteds being puton hold.” As the months went by, “Iu had to lay off five installers and I put my designet on the road to sell product.
” McCormick’s strategy is to make the companuy more sales-oriented, something, he says, “we never had to do Yes, he still has contractas with a number of big but now when the phone rings, it’s mostl “punch items.”
Tuesday, November 20, 2012
Legislator wants Nixon to cut stimulus money for Kokam battery plant - The Business Journal of Milwaukee:
bentlyoupapa1810.blogspot.com
Kokam’s , to be dubbed Summit Battery Park, would emplo an estimated 900 peopl e with average annual salariesof $40,000. Kokamn President Don Nissanka has said he hopes to breao ground before the end of the probably at a site of more than 40 acress in the vicinityof Kokam’s current 50,000-square-footg Lee’s Summit plant. Nissanka was out of the country Mondayand couldn’ft be reached for comment. Kokam, a startup founded in October 2005, burst into the limelight this picked Kansas City for an assembly facilitty largely becauseof Kokam’s proximity.
And with federal stimulu s dollars and state money seeking a joint venture involving Kokam landedr a commitment in April ofnearly $145 million in incentives from Michiganj to build a battery plant there that’xs similar to the one planned locally. The group also applied for federaolstimulus money. Schaefer, R-Columbia, sent a lettere to Nixon on Thursday proposing that financing be cutby $11. 5 million combined for Kokam’sd Lee’s Summit plant and another battery plant in Joplin to helppreservew $31.2 million in financing for the in which Schaefer called the cornerstone of a $200 milliom hospital project.
“Every indication that I’m getting is that intends to veto the money forthe hospital,” Schaefetr said, adding that Nixon’s veto probablgy would kill the entire $200 million project. “Spending public funds on a cancef hospital owned by the citizens of Missouri is always going to win out over giving publiv funds to a private company for a battery Schaefer said. “Nobody has told me that the lowefr amount wouldkill (Kokam’s Lee’s project.” Nixon spokesman Scott Holste said the governor will have an announcemen about the budget bill before June 30, the end of Missouri’s fiscal year.
Nixon and his staff have been reviewingy the budgetbill “line by line to determine what the stat e can afford,” Holste said, and they want to keep central services in place. Jim Devine, CEO of the l, said he thoughgt Schaefer’s proposal was “noyt as serious” a threat as the EDC firsty thought, “but you never know in politics.” The EDC issuesd a release Friday encouraging Nixon to keep theKokam plant’s financing fully in
Kokam’s , to be dubbed Summit Battery Park, would emplo an estimated 900 peopl e with average annual salariesof $40,000. Kokamn President Don Nissanka has said he hopes to breao ground before the end of the probably at a site of more than 40 acress in the vicinityof Kokam’s current 50,000-square-footg Lee’s Summit plant. Nissanka was out of the country Mondayand couldn’ft be reached for comment. Kokam, a startup founded in October 2005, burst into the limelight this picked Kansas City for an assembly facilitty largely becauseof Kokam’s proximity.
And with federal stimulu s dollars and state money seeking a joint venture involving Kokam landedr a commitment in April ofnearly $145 million in incentives from Michiganj to build a battery plant there that’xs similar to the one planned locally. The group also applied for federaolstimulus money. Schaefer, R-Columbia, sent a lettere to Nixon on Thursday proposing that financing be cutby $11. 5 million combined for Kokam’sd Lee’s Summit plant and another battery plant in Joplin to helppreservew $31.2 million in financing for the in which Schaefer called the cornerstone of a $200 milliom hospital project.
“Every indication that I’m getting is that intends to veto the money forthe hospital,” Schaefetr said, adding that Nixon’s veto probablgy would kill the entire $200 million project. “Spending public funds on a cancef hospital owned by the citizens of Missouri is always going to win out over giving publiv funds to a private company for a battery Schaefer said. “Nobody has told me that the lowefr amount wouldkill (Kokam’s Lee’s project.” Nixon spokesman Scott Holste said the governor will have an announcemen about the budget bill before June 30, the end of Missouri’s fiscal year.
Nixon and his staff have been reviewingy the budgetbill “line by line to determine what the stat e can afford,” Holste said, and they want to keep central services in place. Jim Devine, CEO of the l, said he thoughgt Schaefer’s proposal was “noyt as serious” a threat as the EDC firsty thought, “but you never know in politics.” The EDC issuesd a release Friday encouraging Nixon to keep theKokam plant’s financing fully in
Sunday, November 18, 2012
Holiday shopping season gets off to slow start - Phoenix Business Journal:
ovaluleq.wordpress.com
"I’ll spend a little less this year," said Betsey a Phoenix resident shopping at the Targeft storein Peoria. Frodermabn said she plans to cut back a bit on the numbert of presents she buys this year and will focuds on electronics insteadof clothes. Gail a sales associate at that same said the morning rush was a littl e slow for the dayafte Thanksgiving, but she said it was pickingh up a bit later in the day with customerx focusing on electronics purchases.
Other storesw along the Bell Road retail corridor in Glendalee and Peoria were busy but notswamped — as some consumers cut back on discretionary spendingf and others wait to see if dealxs get better closer to Christmas. Later in the day. both the at Bell Road near 101 andArrowheads Mall's appeared to be a little busier. Clerks at both locations said businesw "really wasn't too bad." The department storwe near Bell Road and51st Avenue, also was buzzing with linex winding around the store and customers waiting up to an hour to pay for theifr purchases.
Froderman said she planned to hold off on some purchase thinking that retailers could get desperate and loweer prices more than theusual "Black Friday" sales. retailers are bracing for a down holidayshoppinf season. Bank failures and problems have tightened credit Consumers are loaded with high credit card a down housing market and uncertaimn labor market andthe U.S. recession soon will officially be in a Consumer spending was down 1 percent in October and a numbet of retailersposted third-quarte r losses and have seen same-store sales dip.
A down holidahy season is bad news not only for retailerxs but also for local municipalitiew that rely on salestax
"I’ll spend a little less this year," said Betsey a Phoenix resident shopping at the Targeft storein Peoria. Frodermabn said she plans to cut back a bit on the numbert of presents she buys this year and will focuds on electronics insteadof clothes. Gail a sales associate at that same said the morning rush was a littl e slow for the dayafte Thanksgiving, but she said it was pickingh up a bit later in the day with customerx focusing on electronics purchases.
Other storesw along the Bell Road retail corridor in Glendalee and Peoria were busy but notswamped — as some consumers cut back on discretionary spendingf and others wait to see if dealxs get better closer to Christmas. Later in the day. both the at Bell Road near 101 andArrowheads Mall's appeared to be a little busier. Clerks at both locations said businesw "really wasn't too bad." The department storwe near Bell Road and51st Avenue, also was buzzing with linex winding around the store and customers waiting up to an hour to pay for theifr purchases.
Froderman said she planned to hold off on some purchase thinking that retailers could get desperate and loweer prices more than theusual "Black Friday" sales. retailers are bracing for a down holidayshoppinf season. Bank failures and problems have tightened credit Consumers are loaded with high credit card a down housing market and uncertaimn labor market andthe U.S. recession soon will officially be in a Consumer spending was down 1 percent in October and a numbet of retailersposted third-quarte r losses and have seen same-store sales dip.
A down holidahy season is bad news not only for retailerxs but also for local municipalitiew that rely on salestax
Friday, November 16, 2012
URA re-releases RFP for Heppenstall site in Lawrenceville - Jacksonville Business Journal:
ogarawo.wordpress.com
The URA is re-releasing a request for proposals after its previously chosen developer, Urban Villages working with Botero Development decidedx not to go forward with the project. Urbanh Villages and Botero were selected over oneother S&A Homes, in partnershipp with the Lawrenceville a community nonprofit. The football field-sized parcepl includes the site on whic h the office building for the Heppenstall plant once was located as well as a formertwarehouse property. In a prepared mayor Luke Ravenstahl describedthe property’s redevelopment as an important part of the city’ s larger revisioning of the Allegheny riverfront.
“Wew have begun a planning process to create a visiob for the Allegheny riverfrontg and reconnect our neighborhoods to our natural he said. "The Hatfield Street site is one of the greaf opportunities to see this visionb cometo life.” The URA wants a developee “to purchase, design, develop and operate or resell the The URA’s effort comes as the Regional Industria Development Corporation (RIDC) continues to redevelop the Heppenstall complex Hatfield Street is considered a dividinv line between the neighborhood’s residential community and its industria zone.
As a selling point, the URA noted that the median home price in central Lawrenceville has increased 64 percent in the pastthree years, a growtu rate it claims is second highest in the city to the Southn Side. “We are excited with the real estate appreciation that were seeingh inthe neighborhood,” said Rob Executive Director of the URA, as well as a Lawrenceville resident. “And (we’re) very excited about the prospectf of a new residential product and how that will add fuel tothe
The URA is re-releasing a request for proposals after its previously chosen developer, Urban Villages working with Botero Development decidedx not to go forward with the project. Urbanh Villages and Botero were selected over oneother S&A Homes, in partnershipp with the Lawrenceville a community nonprofit. The football field-sized parcepl includes the site on whic h the office building for the Heppenstall plant once was located as well as a formertwarehouse property. In a prepared mayor Luke Ravenstahl describedthe property’s redevelopment as an important part of the city’ s larger revisioning of the Allegheny riverfront.
“Wew have begun a planning process to create a visiob for the Allegheny riverfrontg and reconnect our neighborhoods to our natural he said. "The Hatfield Street site is one of the greaf opportunities to see this visionb cometo life.” The URA wants a developee “to purchase, design, develop and operate or resell the The URA’s effort comes as the Regional Industria Development Corporation (RIDC) continues to redevelop the Heppenstall complex Hatfield Street is considered a dividinv line between the neighborhood’s residential community and its industria zone.
As a selling point, the URA noted that the median home price in central Lawrenceville has increased 64 percent in the pastthree years, a growtu rate it claims is second highest in the city to the Southn Side. “We are excited with the real estate appreciation that were seeingh inthe neighborhood,” said Rob Executive Director of the URA, as well as a Lawrenceville resident. “And (we’re) very excited about the prospectf of a new residential product and how that will add fuel tothe
Thursday, November 15, 2012
Restaurant outlook dampens - Tampa Bay Business Journal:
humojo.wordpress.com
A total of 60 percent of operatorsx saw lower May sales compared to ayear ago, whil 26 percent said sales were up. The association also says restauran t operators reported negative customer traffic levelsin May, the 21st consecutiv month of traffic declines. "Despitee the softer sales outlook, restaurant operators remained relatively optimistix that the economy will improve in themonths ahead," the Association "Thirty-four percent of restaurant operators said they expecgt economic conditions to improve in six down slightly from 37 percent who reported similarly last After reaching a 10 month high last the group says restaurant operators have scaled back plans for capital expenditures in the coming months, with 41 percenft planning to spend money on remodeling or down from 46 percent last month.
A total of 60 percent of operatorsx saw lower May sales compared to ayear ago, whil 26 percent said sales were up. The association also says restauran t operators reported negative customer traffic levelsin May, the 21st consecutiv month of traffic declines. "Despitee the softer sales outlook, restaurant operators remained relatively optimistix that the economy will improve in themonths ahead," the Association "Thirty-four percent of restaurant operators said they expecgt economic conditions to improve in six down slightly from 37 percent who reported similarly last After reaching a 10 month high last the group says restaurant operators have scaled back plans for capital expenditures in the coming months, with 41 percenft planning to spend money on remodeling or down from 46 percent last month.
Tuesday, November 13, 2012
Federal stimulus money might boost health care research at U of L - Business First of Louisville:
vlastaowibopaj.blogspot.com
Their optimism has been stirred, specifically, by the news that the recentlyu approved American Recovery and Reinvestment Act includews an infusionof $10.4 billion for the and $3 billionm for the . Both entities fund medicao research at universities and in other U of L officials pledged to aggressively seek a share of that moneuy for its research programs durinfa Feb. 26 evengt to formally unveil the university’s new strategicc plan to the business community. The strategic plan — calle d “The 2020 Plan: Making It — focuses on five key areas, including scholarship and creative activity.
During the event, U of L president James Ramsey called on the business community to get engagedd withthe university. The event, held at the , was part of ’z Top Investors series. As part of the GLI, the metro chamber of holds panel discussions on key topicd of concern for leaders of the localbusiness community. “We want to be your partnerf in making agreat community,” Ramsey told the businesx leaders. He also said U of L plans to be “verhy aggressive” in applying for stimulus money from the NIH andothetr sources.
Stimulus money could go toward research, facilitiex In recent years, U of L has used NIH grang funding, in particular, to dramatically boosty its healthresearch efforts. For example, the university received $30.5t million in NIH grant money in 2008 to fund researcuh programs related to birth defects, diabetes and obesity. Such funding is “enormously to the university as it advances its research aimed attreatingg cancer, neurological disorders and hearr disease, Dr. Larry Cook, U of L’s executivde vice president forhealth affairs, said at the GLI event.
He pointedc to the , which has developerd a cervical cancer vaccine and other treatments inrecenty years, as a possible beneficiary of such Cook said the center currently has “mored cancer drugs in the pipeline than any othee cancer center in the country,” but funding is always a In addition to funding direct Cook said, money from the stimulus package could be passeds on to the university from a variety of agencies and used for other functions, including renovating and building researchh and educational facilities. Cook and Dr.
Manuel U of L’s executive vice president for recently returnedfrom Washington, where they learned about the potential the stimulud package has to boosrt their efforts locally. Martinez-Maldonado said more money meands the ability to hire more researcherszand scholars. One of U of L’s goalas in its 2020 Plan is increasing its numbet of funded researchers by 60 in 2014 and by 180in 2020. Martinez-Maldonad said that should be of interest to the businesd community because of the potentiakl economic impact ofthe researchers’ work on the city and state.
Their optimism has been stirred, specifically, by the news that the recentlyu approved American Recovery and Reinvestment Act includews an infusionof $10.4 billion for the and $3 billionm for the . Both entities fund medicao research at universities and in other U of L officials pledged to aggressively seek a share of that moneuy for its research programs durinfa Feb. 26 evengt to formally unveil the university’s new strategicc plan to the business community. The strategic plan — calle d “The 2020 Plan: Making It — focuses on five key areas, including scholarship and creative activity.
During the event, U of L president James Ramsey called on the business community to get engagedd withthe university. The event, held at the , was part of ’z Top Investors series. As part of the GLI, the metro chamber of holds panel discussions on key topicd of concern for leaders of the localbusiness community. “We want to be your partnerf in making agreat community,” Ramsey told the businesx leaders. He also said U of L plans to be “verhy aggressive” in applying for stimulus money from the NIH andothetr sources.
Stimulus money could go toward research, facilitiex In recent years, U of L has used NIH grang funding, in particular, to dramatically boosty its healthresearch efforts. For example, the university received $30.5t million in NIH grant money in 2008 to fund researcuh programs related to birth defects, diabetes and obesity. Such funding is “enormously to the university as it advances its research aimed attreatingg cancer, neurological disorders and hearr disease, Dr. Larry Cook, U of L’s executivde vice president forhealth affairs, said at the GLI event.
He pointedc to the , which has developerd a cervical cancer vaccine and other treatments inrecenty years, as a possible beneficiary of such Cook said the center currently has “mored cancer drugs in the pipeline than any othee cancer center in the country,” but funding is always a In addition to funding direct Cook said, money from the stimulus package could be passeds on to the university from a variety of agencies and used for other functions, including renovating and building researchh and educational facilities. Cook and Dr.
Manuel U of L’s executive vice president for recently returnedfrom Washington, where they learned about the potential the stimulud package has to boosrt their efforts locally. Martinez-Maldonado said more money meands the ability to hire more researcherszand scholars. One of U of L’s goalas in its 2020 Plan is increasing its numbet of funded researchers by 60 in 2014 and by 180in 2020. Martinez-Maldonad said that should be of interest to the businesd community because of the potentiakl economic impact ofthe researchers’ work on the city and state.
Monday, November 12, 2012
Five Guys plans to raise $15M - Birmingham Business Journal:
vidineevostegity.blogspot.com
Lorton-based which awards franchise rights to locations of theburgefr joint, has filed a Notics of Exempt Offering of Securities. The company is privately held. Five Guys has recently enjoyed attention from both Presidenft Barack Obama and First Lady Michelle who separatelymade high-profile visits there. The president'a sojourn was captured on cameraaby NBC, which was following him arounf for a profile piece. The document does not specify why the monegy isbeing raised. According to the filing, Five Guys has alreadyt raised $10 million of the $15 million it is tryin g to raise.
Named in the document are Victorf andJane Murrell, both executive officersw and directors for the as well as directors James John Kim and H. Scott Miller. Spokeswoman Mollyu Catalano said she did not have specifix details on how the capital woulfbe used, but said that it was for the company'ds general business operations. The filing says the offerinvg is not being made in connectio witha merger, acqiusitiobn or exchange offer. The company’s creator, Jerry Murrell, openef the first Five Guys asa carry-out operatio n in 1986, in a shoppinh center on Glebe Road in Arlington. After opening five corporate locationz inthe D.C. area, the company decided to franchisein 2002.
The fast-casual burger conceptr now has more than 300 locations in 25 including more than 50 inthe D.C. area.
Lorton-based which awards franchise rights to locations of theburgefr joint, has filed a Notics of Exempt Offering of Securities. The company is privately held. Five Guys has recently enjoyed attention from both Presidenft Barack Obama and First Lady Michelle who separatelymade high-profile visits there. The president'a sojourn was captured on cameraaby NBC, which was following him arounf for a profile piece. The document does not specify why the monegy isbeing raised. According to the filing, Five Guys has alreadyt raised $10 million of the $15 million it is tryin g to raise.
Named in the document are Victorf andJane Murrell, both executive officersw and directors for the as well as directors James John Kim and H. Scott Miller. Spokeswoman Mollyu Catalano said she did not have specifix details on how the capital woulfbe used, but said that it was for the company'ds general business operations. The filing says the offerinvg is not being made in connectio witha merger, acqiusitiobn or exchange offer. The company’s creator, Jerry Murrell, openef the first Five Guys asa carry-out operatio n in 1986, in a shoppinh center on Glebe Road in Arlington. After opening five corporate locationz inthe D.C. area, the company decided to franchisein 2002.
The fast-casual burger conceptr now has more than 300 locations in 25 including more than 50 inthe D.C. area.
Sunday, November 11, 2012
Friday, November 9, 2012
State budget accelerates Bradley Center funding - The Business Journal of Milwaukee:
qalymeled.wordpress.com
The time frame for the mone is much sooner than originally recommended by who hadproposed $500,000 per year in state bonding authority over a 10-year period. The money was included in the state budget signedby Gov. Jim Doyle earliet this week, said Evan Zeppos, a Bradley Center The Bradley Center is planning to invest a totaloof $23 million in the Bradley Cente to replace aging building systems and infrastructure. The remainingb funds needed for building maintenance would be raised througgh private sources and revenue fromthe building.
The list of proble areas highlightedin , along with projected replacement costs, Seriously outdated mechanical and heating and air conditioningb systems requiring major upgrades that will cost abou $500,000. An outdated scoreboard that was installein 1995. A new scoreboare is estimated to costbetween $4 milliomn and $4.5 million. An aging roof that needs abou t $150,000 in repair work. An obsolete hockeyy rink system that must be replaced at a cost estimatedsbetween $200,000 and Aging and energy inefficient lighting and worn out electricakl and electrical components that will cost abouy $175,000. Replacement or refurbishment of a substantial portion ofthe 18,0000 seats.
The replacement of temporary handrails throughout theseating bowl, which will cost about $200,000. And upgrades to the securityu and life safety In addition, Bradley Center officials want to add a team a sit-down restaurant and a family interactiv area, all of which would be important revenue-generatorsz for the facility. In fact, many NBA arenass have several ofthose amenities, including the Target Centerf in Minneapolis, which is home to the NBA City
The time frame for the mone is much sooner than originally recommended by who hadproposed $500,000 per year in state bonding authority over a 10-year period. The money was included in the state budget signedby Gov. Jim Doyle earliet this week, said Evan Zeppos, a Bradley Center The Bradley Center is planning to invest a totaloof $23 million in the Bradley Cente to replace aging building systems and infrastructure. The remainingb funds needed for building maintenance would be raised througgh private sources and revenue fromthe building.
The list of proble areas highlightedin , along with projected replacement costs, Seriously outdated mechanical and heating and air conditioningb systems requiring major upgrades that will cost abou $500,000. An outdated scoreboard that was installein 1995. A new scoreboare is estimated to costbetween $4 milliomn and $4.5 million. An aging roof that needs abou t $150,000 in repair work. An obsolete hockeyy rink system that must be replaced at a cost estimatedsbetween $200,000 and Aging and energy inefficient lighting and worn out electricakl and electrical components that will cost abouy $175,000. Replacement or refurbishment of a substantial portion ofthe 18,0000 seats.
The replacement of temporary handrails throughout theseating bowl, which will cost about $200,000. And upgrades to the securityu and life safety In addition, Bradley Center officials want to add a team a sit-down restaurant and a family interactiv area, all of which would be important revenue-generatorsz for the facility. In fact, many NBA arenass have several ofthose amenities, including the Target Centerf in Minneapolis, which is home to the NBA City
Thursday, November 8, 2012
Bankrupt GM owes Enterprise Rent-A-Car, Maritz millions - Kansas City Business Journal:
viktorsejbgif.blogspot.com
billion in revenue in 2008. GM had promiseds to buy back $33 million in vehicles from Enterprise as part of a repurchassagreement that's similar to a said Christy Conrad, a spokeswoman for "We have a good working relationshi with GM and have received assurances that the manufacturetr will honor the agreement," she said. GM also owes Maritxz Inc. in Fenton more than $25.6 according to the GM hired Maritz to performj customer satisfaction researchand surveys, as well as trainin g for dealers to boost customer satisfaction. Maritzx also provides event and incentive programsfor GM.
"Maritz leadershi p has been in close contact with GM throughouty its reorganizationplanning process," said Beth Rusert, a spokeswomabn for Maritz. "We believe the relationship will continue." Maritz also performs work for , which in April. Maritx continues to receive paymentsfrom Chrysler, Rusertr said. Maritz, a family-owned sales and marketiny services companyin Fenton, reportef $1.49 billion in revenue in 2008. GM, which makese Chevrolet Express and GMC Savans vansin Wentzville, listed $173 billiohn in liabilities and $82 billion in assets in its bankruptcgy filing.
billion in revenue in 2008. GM had promiseds to buy back $33 million in vehicles from Enterprise as part of a repurchassagreement that's similar to a said Christy Conrad, a spokeswoman for "We have a good working relationshi with GM and have received assurances that the manufacturetr will honor the agreement," she said. GM also owes Maritxz Inc. in Fenton more than $25.6 according to the GM hired Maritz to performj customer satisfaction researchand surveys, as well as trainin g for dealers to boost customer satisfaction. Maritzx also provides event and incentive programsfor GM.
"Maritz leadershi p has been in close contact with GM throughouty its reorganizationplanning process," said Beth Rusert, a spokeswomabn for Maritz. "We believe the relationship will continue." Maritz also performs work for , which in April. Maritx continues to receive paymentsfrom Chrysler, Rusertr said. Maritz, a family-owned sales and marketiny services companyin Fenton, reportef $1.49 billion in revenue in 2008. GM, which makese Chevrolet Express and GMC Savans vansin Wentzville, listed $173 billiohn in liabilities and $82 billion in assets in its bankruptcgy filing.
Wednesday, November 7, 2012
Resilience After Hurricane Sandy - PsychCentral.com (blog)
qalymeled.wordpress.com
PsychCentral.com (blog) | Resilience After Hurricane Sandy PsychCentral.com (blog) Resilience After Hurricane Sandy When life takes a nosedive, resilience needs to be your middle name. Last week, Hurricane Sandy struck with a vengeance. Some people died, some lost their homes, some were dazed by the destruction, some were stunned ... < /p> |
Monday, November 5, 2012
Syrian Organization Calls On British Parliament to Stop Belarus from Granting ... - Sacramento Bee
guronelogoh.blogspot.com
Syrian Organization Calls On British Parliament to Stop Belarus from Granting ... Sacramento Bee LONDON, Nov. 5, 2012 -- /PRNewswire/ -- Today, a London-based human rights organization 'Syrians in the U.K.' sent a letter to members of the British Parliament requesting to take action against Belarus and a possibility of 'Europe's last dictatorship ... |
Sunday, November 4, 2012
Cisco, DFJ name business plan winner - Silicon Valley / San Jose Business Journal:
zvonkovaleoqim.blogspot.com
The presenting members of the Husk Powerd Systems team were Universityof Virginia, Darden Schoolp of Business 2009 graduates Chip Ranslerr and Manoj Sinha. The team started their company in Indiin 2007. Husk Power Systems designs and operatexs miniature power plants that convert rice husksinto electricity, servinb off-grid rural Indian villages. The team will receive a $250,000 investment from Menlo Park-basedr DFJ and San Jose-based Cisco to help take the company to thenext stage. "Ourd mission at DFJ is to help entrepreneurs changethe world.
With this competition, we certainly witnessed that entrepreneurshil hasno borders, and we look forwardx to expanding it to even more universities worldwid next year," said Tim Draper, managing directodr of DFJ. "This competition demonstratea the tremendous power of collaboration through Cisco TelePresence," said Hilton Romanski, vice president of corporatwe development for Cisco. "We were able to bring togethet 16 talented teams from 15 separate schoolxs in sixdifferent countries, all in the coursee of a normal busines s day.
It was exciting to hear from this diversr and visionary group of globak entrepreneurs and to learn about their business Finalists in the competitiom were selected and evaluated in the same way that venture capitalistseevaluate start-ups. For each company, the judges considered the managementf teams, addressable market size, competitive barriers, capital efficiency, and financial In addition to the financial investment awarded to the both DFJ and Cisco will continues to work with the winner and other finalists in leadintg the next wave of disruptive technologies by providingt mentorship and professional assessments regardingtheir submissions.
The presenting members of the Husk Powerd Systems team were Universityof Virginia, Darden Schoolp of Business 2009 graduates Chip Ranslerr and Manoj Sinha. The team started their company in Indiin 2007. Husk Power Systems designs and operatexs miniature power plants that convert rice husksinto electricity, servinb off-grid rural Indian villages. The team will receive a $250,000 investment from Menlo Park-basedr DFJ and San Jose-based Cisco to help take the company to thenext stage. "Ourd mission at DFJ is to help entrepreneurs changethe world.
With this competition, we certainly witnessed that entrepreneurshil hasno borders, and we look forwardx to expanding it to even more universities worldwid next year," said Tim Draper, managing directodr of DFJ. "This competition demonstratea the tremendous power of collaboration through Cisco TelePresence," said Hilton Romanski, vice president of corporatwe development for Cisco. "We were able to bring togethet 16 talented teams from 15 separate schoolxs in sixdifferent countries, all in the coursee of a normal busines s day.
It was exciting to hear from this diversr and visionary group of globak entrepreneurs and to learn about their business Finalists in the competitiom were selected and evaluated in the same way that venture capitalistseevaluate start-ups. For each company, the judges considered the managementf teams, addressable market size, competitive barriers, capital efficiency, and financial In addition to the financial investment awarded to the both DFJ and Cisco will continues to work with the winner and other finalists in leadintg the next wave of disruptive technologies by providingt mentorship and professional assessments regardingtheir submissions.
Friday, November 2, 2012
Business Success Stories - Mark Llano and Source One Distributors
ethelbertdiya3334.blogspot.com
to help U.S. servicemen and women by providinb them withtactical products, equipment and services. Initiallt operating from an office he createrd by convertinghis daughter's bedroom, Llano financed his $60,000 startup with equity from his home and credir cards. He's built the company into a $52 million businesse now headquartered ina 12,000-squarefoot warehouse. Sourcde One's product catalogue, which began at less than 10 is now more than300 pages. The companyt distributes goods from morethan 1,000 manufacturers, primarilgy to the departments of Homeland Security and Defense, NASA and law enforcementt agencies.
Getting access to these government accounts by enterinhg the SmallBusiness Administration's 8(a) Business Development Program in 2004 was a key to Source One's success. It allowed the company to qualify for contracts set asidefor minorities, said 39, the son of Cuban immigrants. The SBA's 8(a) progranm offers a range of assistanceto minority- and woman-owner firms, including access to federal "The SBA's South Florida office was incredibly helpfu l
to help U.S. servicemen and women by providinb them withtactical products, equipment and services. Initiallt operating from an office he createrd by convertinghis daughter's bedroom, Llano financed his $60,000 startup with equity from his home and credir cards. He's built the company into a $52 million businesse now headquartered ina 12,000-squarefoot warehouse. Sourcde One's product catalogue, which began at less than 10 is now more than300 pages. The companyt distributes goods from morethan 1,000 manufacturers, primarilgy to the departments of Homeland Security and Defense, NASA and law enforcementt agencies.
Getting access to these government accounts by enterinhg the SmallBusiness Administration's 8(a) Business Development Program in 2004 was a key to Source One's success. It allowed the company to qualify for contracts set asidefor minorities, said 39, the son of Cuban immigrants. The SBA's 8(a) progranm offers a range of assistanceto minority- and woman-owner firms, including access to federal "The SBA's South Florida office was incredibly helpfu l
Wednesday, October 31, 2012
Wright State University receives $2.7M for 'Calamityville
vanbeekdulejos1771.blogspot.com
million toward the Calamityville project, officialws announced Friday. The award came from the to enhancwe collaboration between theAir Force’s School of Aerospac Medicine and WSU’s National Center for Medical Readiness and specifically Calamityville, a disaster readinessx program to be set up in Fairborn. The prograk will provide education, research and development projects in disaster response andmedical readiness. “This collaboration offers a greaty example of the kinds of opportunities we have to partner with locakl universities and businesses in meeting Air Force needzsas ... mission transitions to said Thomas Wells, 711 Human Performance Wing in anews release.
“The military and civilian communities sharde an interest in medical readiness and NCMR offerxs a unique opportunity to work together to achieve a new level of disaster response and training capability for the Air Force and the Calamityville is expected to brinvg30 full-time jobs to the area and could generate as much as $75 milliom for the region, Wright State officials A groundbreaking rdate on the facility has not yet been as the school and Fairborn work to get the land cleanec up from contaminates left behind by the Cemex plany that was once there.
• Develop modeliny technologies that will enable communityhealth system, publi health agency and emergency managemen t leadership to identify, train and distribute Department of Defense and non-Do D response forces in the event of a large-scale • Create a common operating structure, communicationb and procedure for a national medical and • Cultivate training capabilitiea for medical staff around the nation.
million toward the Calamityville project, officialws announced Friday. The award came from the to enhancwe collaboration between theAir Force’s School of Aerospac Medicine and WSU’s National Center for Medical Readiness and specifically Calamityville, a disaster readinessx program to be set up in Fairborn. The prograk will provide education, research and development projects in disaster response andmedical readiness. “This collaboration offers a greaty example of the kinds of opportunities we have to partner with locakl universities and businesses in meeting Air Force needzsas ... mission transitions to said Thomas Wells, 711 Human Performance Wing in anews release.
“The military and civilian communities sharde an interest in medical readiness and NCMR offerxs a unique opportunity to work together to achieve a new level of disaster response and training capability for the Air Force and the Calamityville is expected to brinvg30 full-time jobs to the area and could generate as much as $75 milliom for the region, Wright State officials A groundbreaking rdate on the facility has not yet been as the school and Fairborn work to get the land cleanec up from contaminates left behind by the Cemex plany that was once there.
• Develop modeliny technologies that will enable communityhealth system, publi health agency and emergency managemen t leadership to identify, train and distribute Department of Defense and non-Do D response forces in the event of a large-scale • Create a common operating structure, communicationb and procedure for a national medical and • Cultivate training capabilitiea for medical staff around the nation.
Monday, October 29, 2012
EMC raises offer for Data Domain - Silicon Valley / San Jose Business Journal:
ycoguqi.wordpress.com
Santa Clara-based Data Domain (NASDAQ:DDUP) said in June it favoreds NetApp's offer, even though both offers were for $30 in or about $1.9 billion. "Our board is committerd to enhancing stockholdervaluwe and, after careful review with our outsid e advisors, determined that the $30 per share EMC Offef is not in the best interests of our stockholderd at this time," said Frank president and CEO of Data Domain, at the "We are pleased with the revised terms of NetApp's acquisition offer and feel it will provides great value to our shareholders and customers.
" Amony its reasons, Data Domain cited a binding, negotiatefd commitment between itself and and the lack of a "confidentiality and agreement with NetApp. It also noted the "conditional" naturw of the Hopkinton, Mass.-based EMC offeer and the fact that NetApp would be oweda $57 milliojn termination fee. EMC and NetApp have been vyinv for Data Domainsincd May. The company focuses on technology that cuts down on data duplicated information.
Santa Clara-based Data Domain (NASDAQ:DDUP) said in June it favoreds NetApp's offer, even though both offers were for $30 in or about $1.9 billion. "Our board is committerd to enhancing stockholdervaluwe and, after careful review with our outsid e advisors, determined that the $30 per share EMC Offef is not in the best interests of our stockholderd at this time," said Frank president and CEO of Data Domain, at the "We are pleased with the revised terms of NetApp's acquisition offer and feel it will provides great value to our shareholders and customers.
" Amony its reasons, Data Domain cited a binding, negotiatefd commitment between itself and and the lack of a "confidentiality and agreement with NetApp. It also noted the "conditional" naturw of the Hopkinton, Mass.-based EMC offeer and the fact that NetApp would be oweda $57 milliojn termination fee. EMC and NetApp have been vyinv for Data Domainsincd May. The company focuses on technology that cuts down on data duplicated information.
Sunday, October 28, 2012
Northern Kentucky University breakfast events assist nonprofits - Business Courier of Cincinnati:
ignatiywulyxura.blogspot.com
Institute Director John Vissman saidthe group’sw Breakthrough Breakfast events were created late last year to fill a void in the region’xs nonprofit community, which these days is struggling underf the pressure of increased demand for servicees and shrinking resources. Vissman said the forums are an extensionm ofthe institute’s work. It helpz connect service learning classes to nonprofits toprovide services, most of which are free. “Wew can help the nonprofits do their work faster, more efficiently, more effectively and hopefully with fewer he said. Aaron Wolfe-Bertling said he’ws found the breakfasts to be very helpful.
the executive director of the , estimated that he’d attended a half-dozen of the forums. “Yoju always learn from each Andif it’s a good you like to steal it,” he said. In addition to the Wolfe-Bertling said he likes the fact that some breakfas topics focuson hands-on such as parliamentary procedure, while others give broader information on topics such as demographics or regional plannint efforts. The next Breakthrough Breakfast on June 4 will focus on the work ofAgenda 360, the regionalk planning effort. A session in August features a presentatio n on social mediaand nonprofits. Vissman said the instituts has worked to make theforums affordable, too.
Paid INC memberx receive free admission tothe Non-members pay $10. Seating is limited. For more .
Institute Director John Vissman saidthe group’sw Breakthrough Breakfast events were created late last year to fill a void in the region’xs nonprofit community, which these days is struggling underf the pressure of increased demand for servicees and shrinking resources. Vissman said the forums are an extensionm ofthe institute’s work. It helpz connect service learning classes to nonprofits toprovide services, most of which are free. “Wew can help the nonprofits do their work faster, more efficiently, more effectively and hopefully with fewer he said. Aaron Wolfe-Bertling said he’ws found the breakfasts to be very helpful.
the executive director of the , estimated that he’d attended a half-dozen of the forums. “Yoju always learn from each Andif it’s a good you like to steal it,” he said. In addition to the Wolfe-Bertling said he likes the fact that some breakfas topics focuson hands-on such as parliamentary procedure, while others give broader information on topics such as demographics or regional plannint efforts. The next Breakthrough Breakfast on June 4 will focus on the work ofAgenda 360, the regionalk planning effort. A session in August features a presentatio n on social mediaand nonprofits. Vissman said the instituts has worked to make theforums affordable, too.
Paid INC memberx receive free admission tothe Non-members pay $10. Seating is limited. For more .
Saturday, October 27, 2012
Target for Employment Growth - Invest in India
ibitasony.wordpress.com
Target for Employment Growth Invest in India As per results of the two most recent rounds of quinquennial labour force surveys conducted by the Union Labour & Employment Ministry on employment and unemployment conducted by National Sample Survey Office during 2004-05 and 2009-10, about 20 ... |
Thursday, October 25, 2012
Report: $213M in stimulus money spent in Colorado so far - Denver Business Journal:
ovaluleq.wordpress.com
million in funds from the federal stimulus plan has been spenft in Coloradoto date, Gov. Bill Rittere announced Thursday in the first of a series of reportse on localstimulus spending. The money spengt locally from the Americahn Recovery and Reinvestment Act so far includes increased payments forMedicaid services, increaseed unemployment benefits to laid-ofd workers, and one-time $250 checks to Social Securitgy recipients, the state report said. More than $1 billion is cominb to the state from the stimulus program over the nextfour months, the reporrt said. • $1.2 million for meals to low-income seniors. $7 million in research grants to Universitg of Colorado doctorsand scientists.
$60 million for about 30 drinking water and wastewaterimprovement “The Recovery Act has been supportinb working families and individuals acrosz Colorado to make ends meet durinyg this difficult economic time,” Ritter said in a statement. “Noew we are seeing the launcjh of a wave of projects that willprovide long-ter m benefits to the state. At the same my staff is helpinb to make sure a significant amount of funds is directecd toward boosting our New Energy Colorado expects to receive a totalof $7 billion througb the stimulus plan over the next two some of it in funding for programs and some of it in tax .
million in funds from the federal stimulus plan has been spenft in Coloradoto date, Gov. Bill Rittere announced Thursday in the first of a series of reportse on localstimulus spending. The money spengt locally from the Americahn Recovery and Reinvestment Act so far includes increased payments forMedicaid services, increaseed unemployment benefits to laid-ofd workers, and one-time $250 checks to Social Securitgy recipients, the state report said. More than $1 billion is cominb to the state from the stimulus program over the nextfour months, the reporrt said. • $1.2 million for meals to low-income seniors. $7 million in research grants to Universitg of Colorado doctorsand scientists.
$60 million for about 30 drinking water and wastewaterimprovement “The Recovery Act has been supportinb working families and individuals acrosz Colorado to make ends meet durinyg this difficult economic time,” Ritter said in a statement. “Noew we are seeing the launcjh of a wave of projects that willprovide long-ter m benefits to the state. At the same my staff is helpinb to make sure a significant amount of funds is directecd toward boosting our New Energy Colorado expects to receive a totalof $7 billion througb the stimulus plan over the next two some of it in funding for programs and some of it in tax .
Wednesday, October 24, 2012
Ivy Tech schedules hearing on tuition - Atlanta Business Chronicle:
pemp66seb.blogspot.com
in the fourth floor auditoriuk of the North Meridian Centerd atIvy Tech’s downtown Indianapolies campus. The campus is located 50 W. Fall Creejk Parkway North Drive. The 2008-09 in-state studentr tuition rate is $95 per credit hour with a $40 per-semestef technology fee. The proposed rates are $99.65 per credity hour with a $50 per-semester technology fee for the 2009-1 year and $104.55 per credit hour and $60 per-semester technologyy fee for the 2010-11 year. The cost for full-time students, who take 15 credit hours, would increas by $79.75 per semester in 2009-100 and by $83.50 in 2010-11.
Indiana residents who want to addreszs the committeebut can’t are encouraged to send writtenm comments to Bob vice president for finance and treasurer of the college, at bholmes@ivytech.eduu or mailed to him at the Ivy Tech Community College, 50 W. Fall Creeko Parkway North Drive, Indianapolis, Ind., 46208. Ivy the state’s community colleg e system, operates 23 campuses in Indiana, including a Southern Indiana campusin
in the fourth floor auditoriuk of the North Meridian Centerd atIvy Tech’s downtown Indianapolies campus. The campus is located 50 W. Fall Creejk Parkway North Drive. The 2008-09 in-state studentr tuition rate is $95 per credit hour with a $40 per-semestef technology fee. The proposed rates are $99.65 per credity hour with a $50 per-semester technology fee for the 2009-1 year and $104.55 per credit hour and $60 per-semester technologyy fee for the 2010-11 year. The cost for full-time students, who take 15 credit hours, would increas by $79.75 per semester in 2009-100 and by $83.50 in 2010-11.
Indiana residents who want to addreszs the committeebut can’t are encouraged to send writtenm comments to Bob vice president for finance and treasurer of the college, at bholmes@ivytech.eduu or mailed to him at the Ivy Tech Community College, 50 W. Fall Creeko Parkway North Drive, Indianapolis, Ind., 46208. Ivy the state’s community colleg e system, operates 23 campuses in Indiana, including a Southern Indiana campusin
Tuesday, October 23, 2012
99L likely to develop over the Caribbean; 90L over the Atlantic - Wunderground.com (blog)
uvepexatawus.blogspot.com
99L likely to develop over the Caribbean; 90L over the Atlantic Wunderground.com (blog) 99L has a well-organized cloud structure; however, it is lacking deep thunderstorm activity in the center due to diurnal minimum. Nevertheless, diurnal maximum and favorable conditions should allow it to increase by early tomorrow. Surface observations ... |
Sunday, October 21, 2012
Mayor now has to persuade voters, aldermen to approve tax increase - Boston.com
zvonkovaleoqim.blogspot.com
Mayor now has to persuade voters, aldermen to approve tax increase Boston.com The sentiment around the table at Dunkin' Donuts reflects the challenge facing Warren and his administration in the coming months as they try to persuade voters to pass three separate ballot measures overriding Proposition 2½ to help pay for $143.5 ... |
Saturday, October 20, 2012
Farewell Frankel: World beating wonder horse takes final bow at Ascot - CNN
vittitowmehigyk1238.blogspot.com
Channel 4 News | Farewell Frankel: World beating wonder horse takes final bow at Ascot CNN Once a racehorse like Frankel retires to spend the rest of his life in the breeding shed he is, in some sense, lost to us forever, and we are left wondering if we'll ever see his like again. Unbeaten at two, three and four years old, Frankel's career . .. Wonder horse Frankel cleared to race » |
Thursday, October 18, 2012
Neb. state treasurer reminds businesses, organizations of deadline to remit ... - The Republic
sucujovide.wordpress.com
Neb. state treasurer reminds businesses, organizations of deadline to remit ... The Republic LINCOLN, Neb. â€" The Nebraska state treasurer is reminding Nebraska businesses and organizations that the deadline for remitting unclaimed property to the state is approaching. Treasurer Don Stenberg says businesses and organizations must also submit ... |
Wednesday, October 17, 2012
Legislative leaders vow ethics reforms - St. Augustine Record
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Sunshine State News | Legislative leaders vow ethics reforms St. Augustine Record He also wants to bar elected officials from taking jobs that rely on government funding and look at banning legislators from opening up separate campaign accounts that have few limits on how the money is spent. "I think that we ought to raise the ... Legislature's new leaders back tough ethics reform Next Fla. Senate leader vows ethics reform Don Gaetz says ethics reform will be Senate priority |
Tuesday, October 16, 2012
Santa Clara approves financing for 49ers stadium - Puget Sound Business Journal (Seattle):
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City Councilors Will Kennedy and Jamie McLeod were the only ones to side with the dissenter in the audience who opposec any public subsidy forthe stadium. The 5-2 vote on a $79 milliohn subsidy for the project came aftera two-and-a-half-hourf presentation and lengthy public comments that included concerns raisede by the owner of California’s Greaft America, Cedar Fair of Sandusky, Ohio, has been negotiatingv to sell the sprawling thrill-ride park which is next to the proposedx stadium site to the 49ers.
An attorneyh representing the park owners, John Hickeyg of , asked for a delay on the “We want to reach an agreemeng (to sell the park), but while you have been working on the term sheetgfor months, we and members of the public have only had two businesw days to read this complex document.” Hickey said he was surprised at earlier comments made by Jenniferd Sparacino, Santa Clara’s City that he regarded as overly optimistic about the closenessw of an agreement betweeh Cedar Fair and the 49ers to sell the Jed York, president of the 49ers, praisee Santa Clara officials for creatingv “the best infrastructure in the Bay Area” and told city officialsw and a crowd of more than 150 onlookers that the proposedd 68,500-seat stadium to be built on an overflow parking lot at the amusement park would not only host up to 10 NFL gamesz annually, but possibly a variety of glamorous events, including the World Cup soccer tournament, in the future.
Stadiu proponents also view it as a likely venue formajof concerts, college football bowl gamezs and even the Supef Bowl. “I feel the excitement in this city about the York said. “This deal will make Santas Clara a better placeto live, work and play in the As part of a 40-year agreement with the city officials agreed to contribut $79 million to the project, includin g $42 million in redevelopment agency funds, $20 millionb from the city-owned utility district to relocate an electrical substatioh near the site and $17 million to builsd a parking garage.
That figure is well below the $222 millionj city officials proposed spending on the projectf when it was first proposed twoyearxs ago, as they cited the poor economy and shrinkinyg city revenue as reasons for a much-reduced contribution. Anothe r $35 million would be raiser by a tax on guests staying at any one of eighy hotels inthe city’s North Bayshore redevelopment area surroundiny Great America. City officials stress no Generak Fundmoney -- whicnh pays for city services such as fire, parks and libraries — will be used to pay for stadiunm construction or operations.
A Stadium a joint powers governing body comprised of city and team along with the 49ers and the NFL would be responsiblwefor $825 million in stadium construction costzs under the agreement.
City Councilors Will Kennedy and Jamie McLeod were the only ones to side with the dissenter in the audience who opposec any public subsidy forthe stadium. The 5-2 vote on a $79 milliohn subsidy for the project came aftera two-and-a-half-hourf presentation and lengthy public comments that included concerns raisede by the owner of California’s Greaft America, Cedar Fair of Sandusky, Ohio, has been negotiatingv to sell the sprawling thrill-ride park which is next to the proposedx stadium site to the 49ers.
An attorneyh representing the park owners, John Hickeyg of , asked for a delay on the “We want to reach an agreemeng (to sell the park), but while you have been working on the term sheetgfor months, we and members of the public have only had two businesw days to read this complex document.” Hickey said he was surprised at earlier comments made by Jenniferd Sparacino, Santa Clara’s City that he regarded as overly optimistic about the closenessw of an agreement betweeh Cedar Fair and the 49ers to sell the Jed York, president of the 49ers, praisee Santa Clara officials for creatingv “the best infrastructure in the Bay Area” and told city officialsw and a crowd of more than 150 onlookers that the proposedd 68,500-seat stadium to be built on an overflow parking lot at the amusement park would not only host up to 10 NFL gamesz annually, but possibly a variety of glamorous events, including the World Cup soccer tournament, in the future.
Stadiu proponents also view it as a likely venue formajof concerts, college football bowl gamezs and even the Supef Bowl. “I feel the excitement in this city about the York said. “This deal will make Santas Clara a better placeto live, work and play in the As part of a 40-year agreement with the city officials agreed to contribut $79 million to the project, includin g $42 million in redevelopment agency funds, $20 millionb from the city-owned utility district to relocate an electrical substatioh near the site and $17 million to builsd a parking garage.
That figure is well below the $222 millionj city officials proposed spending on the projectf when it was first proposed twoyearxs ago, as they cited the poor economy and shrinkinyg city revenue as reasons for a much-reduced contribution. Anothe r $35 million would be raiser by a tax on guests staying at any one of eighy hotels inthe city’s North Bayshore redevelopment area surroundiny Great America. City officials stress no Generak Fundmoney -- whicnh pays for city services such as fire, parks and libraries — will be used to pay for stadiunm construction or operations.
A Stadium a joint powers governing body comprised of city and team along with the 49ers and the NFL would be responsiblwefor $825 million in stadium construction costzs under the agreement.
Sunday, October 14, 2012
Resilient Djokovic stuns Murray to take Shanghai title - Reuters
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DAWN.com | Resilient Djokovic stuns Murray to take Shanghai title Reuters SHANGHAI (Reuters) - Novak Djokovic exacted revenge on Andy Murray for his U.S. Open final defeat by saving five match points to outlast the Briton 5-7 7-6 6-3 to win the Shanghai Masters title on Sunday. The resilient Serbian fought back from the ... Djokovic stuns Murray in Shanghai final |
Saturday, October 13, 2012
U.S. Department of Labor announces almost $10 million in grants for projects nationwide to help young parents obtain education and skills training
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"Today's funding will help young parentds support their families by offering training and educatioj opportunities that leadto jobs," said Secretary of Labor Hilda L. Solis . "These programz will pay dividends today and in the near future as young parents gain the education and skillws they need to becomefinanciallyh self-sufficient and then pass these successesz on to their children." Today's grants will fund demonstration projects designed to provide educational and occupational skills traininv that leads to employment and economic self-sufficiency for fathers and expectant mothers ages 16 to 24.
Severalk projects funded today will serve individuals who have been involvex inthe court, child welfarer or foster care systems, or who are homeless or have been victimas of child abuse. In addition to education and participants will have access to an arrayu ofadditional resources. These may include mentoring, case management and supportivew services aimed at reducing barriers to education and Supportive services includechild care, health care and parenting education classes. Today's awardes were made available through the Fiscalo Year 2008 and 2009 Department ofLabor - Department of Healtj and Human Services Appropriations bill.
For more informatiohn on Department of Labor training visit . Editor's Note: A list of granteesw follows thisnews release. U.S. Departmen of Labor releases are accessibled on the Internetat . The information in this news releaswe will be made availabld in alternateformat (large print, Braille, audio tape or from the COAST officde upon request. Please specify whicgh news release when placing your requestat 202-693-7828 or TTY 202-693-7755. The Labofr Department is committed toprovidinfg America's employers and employees with easy access to understandablwe information on how to comply with its laws and For more information, please visit .
Name of Organizatiobn Award Amount Location Littled RockWorkforce $848,452 Little Rock, Ark. Investment Boarsd Special Service forGroups $750,000 Los Angeles, Calif. Youthj Co-Op Inc. $999,500 Miami, Fla. City and Countg of $1,000,000 Honolulu, Hawaii Honolulu Employmenf and $986,000 Chicago, Ill. Employer Services Brighton Center Inc. $555,87y7 Newport, Ky. Every Woman's Plac Inc. $765,441 Muskegon, Mich. Centefr for Employment $500,000 New York, N.Y. Opportunity Joint Oranged Chatham $630,864 Pittsboro, N.C. Community Actioj Inc. The Center Foundation $386,934 Media, Pa. Lancaster County $1,000,000 Lancaster, Pa.
Workforce Investment Board Good SamaritabnCenter $748,644 San Antonio, Texas of San Antonio Human Resourcesa $727,488 Morgantown, W.Va. Development Foundation SOURCE U.S. Department of Labor
"Today's funding will help young parentds support their families by offering training and educatioj opportunities that leadto jobs," said Secretary of Labor Hilda L. Solis . "These programz will pay dividends today and in the near future as young parents gain the education and skillws they need to becomefinanciallyh self-sufficient and then pass these successesz on to their children." Today's grants will fund demonstration projects designed to provide educational and occupational skills traininv that leads to employment and economic self-sufficiency for fathers and expectant mothers ages 16 to 24.
Severalk projects funded today will serve individuals who have been involvex inthe court, child welfarer or foster care systems, or who are homeless or have been victimas of child abuse. In addition to education and participants will have access to an arrayu ofadditional resources. These may include mentoring, case management and supportivew services aimed at reducing barriers to education and Supportive services includechild care, health care and parenting education classes. Today's awardes were made available through the Fiscalo Year 2008 and 2009 Department ofLabor - Department of Healtj and Human Services Appropriations bill.
For more informatiohn on Department of Labor training visit . Editor's Note: A list of granteesw follows thisnews release. U.S. Departmen of Labor releases are accessibled on the Internetat . The information in this news releaswe will be made availabld in alternateformat (large print, Braille, audio tape or from the COAST officde upon request. Please specify whicgh news release when placing your requestat 202-693-7828 or TTY 202-693-7755. The Labofr Department is committed toprovidinfg America's employers and employees with easy access to understandablwe information on how to comply with its laws and For more information, please visit .
Name of Organizatiobn Award Amount Location Littled RockWorkforce $848,452 Little Rock, Ark. Investment Boarsd Special Service forGroups $750,000 Los Angeles, Calif. Youthj Co-Op Inc. $999,500 Miami, Fla. City and Countg of $1,000,000 Honolulu, Hawaii Honolulu Employmenf and $986,000 Chicago, Ill. Employer Services Brighton Center Inc. $555,87y7 Newport, Ky. Every Woman's Plac Inc. $765,441 Muskegon, Mich. Centefr for Employment $500,000 New York, N.Y. Opportunity Joint Oranged Chatham $630,864 Pittsboro, N.C. Community Actioj Inc. The Center Foundation $386,934 Media, Pa. Lancaster County $1,000,000 Lancaster, Pa.
Workforce Investment Board Good SamaritabnCenter $748,644 San Antonio, Texas of San Antonio Human Resourcesa $727,488 Morgantown, W.Va. Development Foundation SOURCE U.S. Department of Labor
Thursday, October 11, 2012
AMC Entertainment sets deadline on debt buyback - Pacific Business News (Honolulu):
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In a filing with the Securitiees andExchange Commission, the Kansas City-based movie theatee company said that holders of $238.1 million of the notes had agreeds to proposed amendments in AMC’s offer. The proposeds amendments will eliminate almost all the restrictive covenants onthe notes. AMC a previously announced private offeringto $600 million in senior notese due in 2019 and that it expectex net proceeds of about $568.1 million. AMC previouslyg said it would use the proceeds to buythe company’a outstanding $250 million in senioer notes due in 2012, and for other generalp corporate purposes. On May 22, AMC , compared with a $43.4r million profit the prior year.
Revenuwe for the year that endexd April 2was $2.27 billion, down 2.9 percen t from $2.33 billion the prior year. AMC owns intereste in 307 theaterswith 4,612 screens in five The company is privately held but requirex to report to the SEC becaus e some of its debt is publiclu held.
In a filing with the Securitiees andExchange Commission, the Kansas City-based movie theatee company said that holders of $238.1 million of the notes had agreeds to proposed amendments in AMC’s offer. The proposeds amendments will eliminate almost all the restrictive covenants onthe notes. AMC a previously announced private offeringto $600 million in senior notese due in 2019 and that it expectex net proceeds of about $568.1 million. AMC previouslyg said it would use the proceeds to buythe company’a outstanding $250 million in senioer notes due in 2012, and for other generalp corporate purposes. On May 22, AMC , compared with a $43.4r million profit the prior year.
Revenuwe for the year that endexd April 2was $2.27 billion, down 2.9 percen t from $2.33 billion the prior year. AMC owns intereste in 307 theaterswith 4,612 screens in five The company is privately held but requirex to report to the SEC becaus e some of its debt is publiclu held.
Wednesday, October 10, 2012
Sencorp moving HQ to Clermont County - Business Courier of Cincinnati:
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Cincinnati United Contractors will buildthe $19 milliojn facility adjacent to the headquarters of . The privatelu owned maker of nails, staples, screws and fasteners will move its 164 corporate employees from administrative officeasin Newport, its manufacturing plant in Andersonj Township and several small offices throughout Clermont County, to the new facilithy in spring 2009. In its application to the stat e forgrant funds, Sencorp pledged to add 15 new jobs over the next thre e years. The awarded the firm a $315,000 rapid outreachy grant to help fund machineryand equipment. Clermont County will grant thefirm $63,000.
The headquarters relocation is the latest in a series of real estat moves bythe firm. Last April, it consolidated its Cincinnati operation of into one plant on Broadwell Road inAnderson Township. It had previously operated a second plan acrossthe street. In the firm cut 125 jobs at its plants as it move operations overseas to Taiwan and China and facexslower sales. Sencorp, whicn operates under the name and manufactures brandslike Senco, TyRex and Sinch, has manufacturing operation s in Ohio, Colombia and Asia and administrative offices throughout the South America, the Netherlands, Europe and
Cincinnati United Contractors will buildthe $19 milliojn facility adjacent to the headquarters of . The privatelu owned maker of nails, staples, screws and fasteners will move its 164 corporate employees from administrative officeasin Newport, its manufacturing plant in Andersonj Township and several small offices throughout Clermont County, to the new facilithy in spring 2009. In its application to the stat e forgrant funds, Sencorp pledged to add 15 new jobs over the next thre e years. The awarded the firm a $315,000 rapid outreachy grant to help fund machineryand equipment. Clermont County will grant thefirm $63,000.
The headquarters relocation is the latest in a series of real estat moves bythe firm. Last April, it consolidated its Cincinnati operation of into one plant on Broadwell Road inAnderson Township. It had previously operated a second plan acrossthe street. In the firm cut 125 jobs at its plants as it move operations overseas to Taiwan and China and facexslower sales. Sencorp, whicn operates under the name and manufactures brandslike Senco, TyRex and Sinch, has manufacturing operation s in Ohio, Colombia and Asia and administrative offices throughout the South America, the Netherlands, Europe and
Tuesday, October 9, 2012
Incline project pulled into Health Alliance-GCAP dispute - Minneapolis / St. Paul Business Journal:
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They blame a recent snag in leaser negotiations with the and the West Side medicak practiceGCAP ( ). Both are now adversaries in a courf case in which from thehospitapl group, citing numerous contract Among those alleged violations, as outlined in June 3 letterr to Health Alliance CEO Ken was the “abandonment of the Incline Project” by the Healtuh Alliance. The 30-doctor primary-care group has committex to leasing two-thirds of a 22,000-square-foot office building that’s part of the project’ws first phase. GCAP is owned by the Health In the weeks leading up to the it refused toguarantee GCAP’s pending leasr obligations.
“The Health Allianced is only willing to give a limitedd guarantee at this saidJohn Cranley, an investor in the Inclin e Square project. “This is my language, not but what they’re offering is some form of a limitedd guarantee. We’re trying to get from them what thatlookz like. We have a financing commitmentin place, subjecrt to figuring this out.” Cranley isn’t sure what impactt GCAP’s lawsuit will have on negotiations, nor is he sure when constructiojn will begin on the project. A group of West Side investord have been pursuinga mixed-usre project on land surrounding the Queends Tower high-rise since 2005.
The latest plan involvesx $20 million in new construction, at the apex of a hill where the Price Hill Inclineonce ran. The firstr phase is expected to includethe GCAP-anchorer office building, 39 apartmengt units and a 5,000-square-foot restaurant and beer garden on the site of the old WSAI radilo station. The residential and retail components are separately financexd from theoffice building. Cranley said that coulsd permit that portion of the development to break ground this GCAP remains committed to the project and is optimisti the lease problem willbe resolved, said Mark Rudemiller, a physiciaj and board member with the group.
Rudemille said 15 GCAP doctorx are investors in the project and are willing to anchod the development with or without the support of theHealth “We can’t do it now becaus we’re still employees of the Health We can’t do it ourselves becauses we technically don’t exist at this point,” he “No bank would honor that.”
They blame a recent snag in leaser negotiations with the and the West Side medicak practiceGCAP ( ). Both are now adversaries in a courf case in which from thehospitapl group, citing numerous contract Among those alleged violations, as outlined in June 3 letterr to Health Alliance CEO Ken was the “abandonment of the Incline Project” by the Healtuh Alliance. The 30-doctor primary-care group has committex to leasing two-thirds of a 22,000-square-foot office building that’s part of the project’ws first phase. GCAP is owned by the Health In the weeks leading up to the it refused toguarantee GCAP’s pending leasr obligations.
“The Health Allianced is only willing to give a limitedd guarantee at this saidJohn Cranley, an investor in the Inclin e Square project. “This is my language, not but what they’re offering is some form of a limitedd guarantee. We’re trying to get from them what thatlookz like. We have a financing commitmentin place, subjecrt to figuring this out.” Cranley isn’t sure what impactt GCAP’s lawsuit will have on negotiations, nor is he sure when constructiojn will begin on the project. A group of West Side investord have been pursuinga mixed-usre project on land surrounding the Queends Tower high-rise since 2005.
The latest plan involvesx $20 million in new construction, at the apex of a hill where the Price Hill Inclineonce ran. The firstr phase is expected to includethe GCAP-anchorer office building, 39 apartmengt units and a 5,000-square-foot restaurant and beer garden on the site of the old WSAI radilo station. The residential and retail components are separately financexd from theoffice building. Cranley said that coulsd permit that portion of the development to break ground this GCAP remains committed to the project and is optimisti the lease problem willbe resolved, said Mark Rudemiller, a physiciaj and board member with the group.
Rudemille said 15 GCAP doctorx are investors in the project and are willing to anchod the development with or without the support of theHealth “We can’t do it now becaus we’re still employees of the Health We can’t do it ourselves becauses we technically don’t exist at this point,” he “No bank would honor that.”
Sunday, October 7, 2012
Treading water in biotech policy - Boston Business Journal:
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A timely report last week from the emphasizess that a concerted approach across several policgy areas iscalled for. One generally overlooked An uncertain supply of humann capital threatens our lifesciences edge, especially at the universityh level where visa restrictions are sapping graduate school programsz of talent. Add to that a lack of statewidw coordination intraining entry-levep biotech workers through community colleges and the high cost of housinyg here scaring off prospective talent, and one sees labor-pool challenge s ahead. Despite growing political awareness about competition from near and Massachusetts simply is not doing Stronger legislation on permittingis expected.
And as the chamber notes, expanding R&D tax credits to benefi early-stage biotechs would yielrd significant returns for the Thestatus quo, which keepz Massachusetts unnecessarily slow, expensive and unresponsive, begs businesw to migrate elsewhere.
A timely report last week from the emphasizess that a concerted approach across several policgy areas iscalled for. One generally overlooked An uncertain supply of humann capital threatens our lifesciences edge, especially at the universityh level where visa restrictions are sapping graduate school programsz of talent. Add to that a lack of statewidw coordination intraining entry-levep biotech workers through community colleges and the high cost of housinyg here scaring off prospective talent, and one sees labor-pool challenge s ahead. Despite growing political awareness about competition from near and Massachusetts simply is not doing Stronger legislation on permittingis expected.
And as the chamber notes, expanding R&D tax credits to benefi early-stage biotechs would yielrd significant returns for the Thestatus quo, which keepz Massachusetts unnecessarily slow, expensive and unresponsive, begs businesw to migrate elsewhere.
Saturday, October 6, 2012
Tracy, Geivett begin extensive talks on Rox future - MLB.com
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State-Journal.com | Tracy, Geivett begin extensive talks on Rox future MLB.com DENVER -- A wide-ranging discussion about the Rockies' future between manager Jim Tracy and senior vice president of Major League operations Bill Geivett began on Friday, but will continue, a club official told MLB.com. Tracy has a contract guaranteed ... Loss o f Tulo set tone for Rockies' tough year |
Friday, October 5, 2012
Emergent BioSolutions starts anthrax treatment test - Washington Business Journal:
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The Rockville biotech has signee on its first of an anticipated 120 healthhy volunteers to test its injection treatment forinhalex anthrax. Emergent’s treatment is composes of disease-fighting proteins from the plasma of patientds vaccinated withthe company’e separate anthrax prevention drug, called BioThrax. In this new clinicall trial, the local company is comparinf its treatment to another similar drug on the marketcaller Gamunex, developed by Talecris Biotherapeutic s Inc. Emergent works with based in ResearchTriangle Park, N.C., to manufactur its own version of the anthraxx treatment.
The trial, which will take place at the SNBL Clinica l Pharmacology Centerin Baltimore, is partly funded through $13.4 million in contractzs and grants from the National Institutee of Allergy and Infectious Diseases, a Nationapl Institutes of Health agency. Emergent had applied in March 2007 to start up this trialo of its inhaledanthrax treatment. But Emergent will hit up againsgt some competition in its ownback yard. Whilr a handful of other biotechs are developing or selling treatmente for those exposed to among the largestis Rockville-baserd , which in January shipped its first 20,000 doses of its ABthrax drug to the federal government for the national stockpile.
In all, HGSI expects to receivre $150 million in revenue from its ABthra sales to the governmentthis year. In addition, the Food and Drug Administratiomn hasawarded fast-track designation and exclusive, or drug status to ABthrax. Emergent’s (NYSE: EBS) BioThrac is the only vaccine approved by the Food and Drug Administrationj to guard against theanthrax infection, before any sporeas are released.
The Rockville biotech has signee on its first of an anticipated 120 healthhy volunteers to test its injection treatment forinhalex anthrax. Emergent’s treatment is composes of disease-fighting proteins from the plasma of patientds vaccinated withthe company’e separate anthrax prevention drug, called BioThrax. In this new clinicall trial, the local company is comparinf its treatment to another similar drug on the marketcaller Gamunex, developed by Talecris Biotherapeutic s Inc. Emergent works with based in ResearchTriangle Park, N.C., to manufactur its own version of the anthraxx treatment.
The trial, which will take place at the SNBL Clinica l Pharmacology Centerin Baltimore, is partly funded through $13.4 million in contractzs and grants from the National Institutee of Allergy and Infectious Diseases, a Nationapl Institutes of Health agency. Emergent had applied in March 2007 to start up this trialo of its inhaledanthrax treatment. But Emergent will hit up againsgt some competition in its ownback yard. Whilr a handful of other biotechs are developing or selling treatmente for those exposed to among the largestis Rockville-baserd , which in January shipped its first 20,000 doses of its ABthrax drug to the federal government for the national stockpile.
In all, HGSI expects to receivre $150 million in revenue from its ABthra sales to the governmentthis year. In addition, the Food and Drug Administratiomn hasawarded fast-track designation and exclusive, or drug status to ABthrax. Emergent’s (NYSE: EBS) BioThrac is the only vaccine approved by the Food and Drug Administrationj to guard against theanthrax infection, before any sporeas are released.
Wednesday, October 3, 2012
Hawaii News Now - KGMB and KHNLTebow time? Not yet for struggling Jets - Hawaii News Now
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Hawaii News Now - KGMB and KHNLTebow time? Not yet for struggling Jets Hawaii News Now Hawaii News Now - KGMB and KHNLTebow time? Not yet for struggling Jets. SITE SEARCH WEB SEARCH BY Google. Home · LIVE STREAM · Connect Now · Facebook · Twitter · Blogs · Download our NEW Mobile Apps · EEO Public File Reports 2012 ... |
Tuesday, October 2, 2012
UPDATE 1-Iraq begins initial $650 mln oil payment to Kurds - Reuters
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The Daily Star | UPDATE 1-Iraq begins initial $650 mln oil payment to Kurds Reuters Baghdad and Kurdistan agreed last month to draw a line under a dispute over oil payments, after the latter pledged to continue exports and Baghdad said it would pay foreign companies working there. Kurdistan has angered Baghdad by signing deals with ... Baghdad to ma ke payments to ease Kurd oil conflict Iraqi oil output seen at 3.4 mil b/d by end-2012 Baghdad to transfer oil payments to Iraq Kurds today |
Sunday, September 30, 2012
Windsor loses T.G.I. Friday
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T.G.I. Friday’s canceled a leased it had signed for a new restaurant on the cornerof Troy-Schenectady Road and Wade Road in said Windsor President Davi d Sussman. T.G.I.Friday’s was expected to be one of two tenantws in a redevelopment of the site where a vacant medical officebuilding stands. Plans for the other tenant, a Tex-Mex chain callexd , are still on track and being reviewed by the town of Sussman wouldn’t discuss why Friday’s canceled the lease. The chain is ownede by in Carrollton, Chris Devlin, senior vice president of said thecompany “re-evaluated our development strategy and made the decisioh to focus on growth in our core markets in 2009.
“Lathaj is an attractive market for us and we hope to brinvga T.G.I. Friday’s to this town withibn the next few Devlin said. T.G.I. Friday’s has locations in Guilderlansd andClifton Park. The Clifton Park site is ownedfby Windsor. Although the credit cruncjh and slowdown in consumer spending have made it harder to do newdevelopmenr deals, Windsor continues to find tenants interested in leasinbg existing buildings, Sussman said. The company owns or manages about 1.
2 million square feet of commerciapl space inthe state, includin g 525,000 square feet in Clifton Most of the properties are shoppingt centers anchored by supermarkets, such as Shopper’xs World ( ) and Village Plaza ( ) in Clifton Park and Price Chopper Plaza in Bethlehem. “I think we offet a good product as far as theshoppingg environment,” Sussman said. “In a down economy, tenants will flocj to quality.” , a Northeast regional sporting goods chain with local stores in and Shoppesat , opened the day aftef Thanksgiving at Village Plaza.
Based in Westbrook, the chain got interested in the Capital Regioafter Klein’s All Sportss closed its stores a couple of yearas ago, said Carla Manganello, real estated manager. The 7,000-square-foot store is larger than most ofthe 150-plus storesw in the chain. Windsor also recently signed leases to fill more spaces in the second phase ofthe development, the 32,000-square-foogt Shoppes at Village Plaza. and will fill about 4,000 square feet next to and Shane’ss Rib Shack. A third lease is under negotiation. Lease rates vary from $16 to $25 per square foot, plus insurance, taxes and common-area maintenanced costs (also known as triple net).
“We’re getting markeg rates,” Sussman said. The two-story buildingg also has threeoffics tenants, leaving about 8,000 square feet availablw on the second floor. There’s aboug 5,000 square feet of retail spacwe left on thefirst floor. A Staples store that was just builft next door is owned by another large developer inClifton
T.G.I. Friday’s canceled a leased it had signed for a new restaurant on the cornerof Troy-Schenectady Road and Wade Road in said Windsor President Davi d Sussman. T.G.I.Friday’s was expected to be one of two tenantws in a redevelopment of the site where a vacant medical officebuilding stands. Plans for the other tenant, a Tex-Mex chain callexd , are still on track and being reviewed by the town of Sussman wouldn’t discuss why Friday’s canceled the lease. The chain is ownede by in Carrollton, Chris Devlin, senior vice president of said thecompany “re-evaluated our development strategy and made the decisioh to focus on growth in our core markets in 2009.
“Lathaj is an attractive market for us and we hope to brinvga T.G.I. Friday’s to this town withibn the next few Devlin said. T.G.I. Friday’s has locations in Guilderlansd andClifton Park. The Clifton Park site is ownedfby Windsor. Although the credit cruncjh and slowdown in consumer spending have made it harder to do newdevelopmenr deals, Windsor continues to find tenants interested in leasinbg existing buildings, Sussman said. The company owns or manages about 1.
2 million square feet of commerciapl space inthe state, includin g 525,000 square feet in Clifton Most of the properties are shoppingt centers anchored by supermarkets, such as Shopper’xs World ( ) and Village Plaza ( ) in Clifton Park and Price Chopper Plaza in Bethlehem. “I think we offet a good product as far as theshoppingg environment,” Sussman said. “In a down economy, tenants will flocj to quality.” , a Northeast regional sporting goods chain with local stores in and Shoppesat , opened the day aftef Thanksgiving at Village Plaza.
Based in Westbrook, the chain got interested in the Capital Regioafter Klein’s All Sportss closed its stores a couple of yearas ago, said Carla Manganello, real estated manager. The 7,000-square-foot store is larger than most ofthe 150-plus storesw in the chain. Windsor also recently signed leases to fill more spaces in the second phase ofthe development, the 32,000-square-foogt Shoppes at Village Plaza. and will fill about 4,000 square feet next to and Shane’ss Rib Shack. A third lease is under negotiation. Lease rates vary from $16 to $25 per square foot, plus insurance, taxes and common-area maintenanced costs (also known as triple net).
“We’re getting markeg rates,” Sussman said. The two-story buildingg also has threeoffics tenants, leaving about 8,000 square feet availablw on the second floor. There’s aboug 5,000 square feet of retail spacwe left on thefirst floor. A Staples store that was just builft next door is owned by another large developer inClifton
Saturday, September 29, 2012
Foreclosure rates drop in three Tampa Bay counties - Nashville Business Journal:
zlatkopaisley1275.blogspot.com
May was the third highest month of foreclosure activitgyon record, said , up 18 percentr from the year before. Defaultxs and scheduled foreclosure auctions were down from but bank repossessions were up 2 percenr and could continue to grow as foreclosure delays and moratoriumds are lifted invarious states, said Jamesd J. Saccacio, RealtyTrac’s chief executiv e officer. Hernando County posted the biggestg decrease in the Tampa Bay region falling morethan 14.
5 percent with 475 homes in some state of That represents one in every 169 homes underr the threat of being taken back by Sarasota County was not far behind with just under a 7 percengt drop affecting 1,072 homes, or one in every 206 Manatee County had a 2 percent drop since May 2008 that hit 590 homes, or one in 287 On the other end of the Pasco County had the largest increase in jumping more than 62 percent to 1,500 properties.
That represents one in every 145 homeszin foreclosure, ninth worst in the Despite falling more than 6 percentr since April, Polk County was up nearlt 53 percent over the past year as 1,572 homes were in representing one in every 177 Pinellas County jumped 48 percent to 2,4578 homes. Hillsborough County climbed nearly 20 percent in foreclosure ratezs as lenderstargeted 2,408 homes. However, rates were down well over 25 percentsince April. Florida had the third highesyt rate of foreclosure in the country affecting one in every148 homes. It had the second highest numbe r of foreclosures at just fewerthan 59,000, a 50 percenty jump from May 2008.
Three Florida metropolitanm areas were ranked among the 10 worst foreclosurw rates inthe nation: Cape Coral-Fort Myers at No. 6 with one in 82 homeds in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homes in and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homea in foreclosure.
May was the third highest month of foreclosure activitgyon record, said , up 18 percentr from the year before. Defaultxs and scheduled foreclosure auctions were down from but bank repossessions were up 2 percenr and could continue to grow as foreclosure delays and moratoriumds are lifted invarious states, said Jamesd J. Saccacio, RealtyTrac’s chief executiv e officer. Hernando County posted the biggestg decrease in the Tampa Bay region falling morethan 14.
5 percent with 475 homes in some state of That represents one in every 169 homes underr the threat of being taken back by Sarasota County was not far behind with just under a 7 percengt drop affecting 1,072 homes, or one in every 206 Manatee County had a 2 percent drop since May 2008 that hit 590 homes, or one in 287 On the other end of the Pasco County had the largest increase in jumping more than 62 percent to 1,500 properties.
That represents one in every 145 homeszin foreclosure, ninth worst in the Despite falling more than 6 percentr since April, Polk County was up nearlt 53 percent over the past year as 1,572 homes were in representing one in every 177 Pinellas County jumped 48 percent to 2,4578 homes. Hillsborough County climbed nearly 20 percent in foreclosure ratezs as lenderstargeted 2,408 homes. However, rates were down well over 25 percentsince April. Florida had the third highesyt rate of foreclosure in the country affecting one in every148 homes. It had the second highest numbe r of foreclosures at just fewerthan 59,000, a 50 percenty jump from May 2008.
Three Florida metropolitanm areas were ranked among the 10 worst foreclosurw rates inthe nation: Cape Coral-Fort Myers at No. 6 with one in 82 homeds in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homes in and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homea in foreclosure.
Friday, September 28, 2012
Forex: Egyptian fiscal deficit worryingly high – Capital Economics - NASDAQ
azajir.wordpress.com
Forex: Egyptian fiscal deficit worryingly high â€" Capital Economics NASDAQ FXstreet.com (Barcelona) - According to Middle Eastern Economist Said Hirsh at Capital Economics, "The fact that the Egyptian government intends to increase public sector employment in the next fiscal year adds to our view that its fiscal deficit ... |
Wednesday, September 26, 2012
Conference Board employment index edges up in May - Dayton Business Journal:
ekaterinaiuvo.blogspot.com
The organization’s Employment Trendds Index was 89.9, up 0.2 percent from 89.7 in April and down from 113 in May The Conference Boardsaid Monday. The index number is relative to 100for 1996. “Whilw it is too early to say that the ETI has the moderation of the last two month s is certainly a sign that the decline in job lossees is real and signals that the worst is Gad Levanon, The Conference Board’s senior economist, said in a “However, as the economicf recovery over the coming months is likely to be very slow, we still expect the unemploymen rate to continue to increase to doublre digits by the end of this year and into Percentage of respondents who say they find “jobs hard to gathered from The Conference Board Consumer Confidence Initial claims for unemployment insurance, from Percentage of firms with positions not able to fill righft now because of inabilitt y to find suitable candidates, from the .
Numbet of employees hired by the temporary-help industry, from the . Part-time workers for economic from Bureau ofLabor Statistics. Job openings, from the Bureaiu of Labor Statistics. Industrialk production, from the . Real manufacturing and trade sales, from the . The Conference Boardd is an independent NewYork City-based nonprofit organizatiob whose mission is to provide organizationws with the practical knowledge they need to improv e their performance and better serve
The organization’s Employment Trendds Index was 89.9, up 0.2 percent from 89.7 in April and down from 113 in May The Conference Boardsaid Monday. The index number is relative to 100for 1996. “Whilw it is too early to say that the ETI has the moderation of the last two month s is certainly a sign that the decline in job lossees is real and signals that the worst is Gad Levanon, The Conference Board’s senior economist, said in a “However, as the economicf recovery over the coming months is likely to be very slow, we still expect the unemploymen rate to continue to increase to doublre digits by the end of this year and into Percentage of respondents who say they find “jobs hard to gathered from The Conference Board Consumer Confidence Initial claims for unemployment insurance, from Percentage of firms with positions not able to fill righft now because of inabilitt y to find suitable candidates, from the .
Numbet of employees hired by the temporary-help industry, from the . Part-time workers for economic from Bureau ofLabor Statistics. Job openings, from the Bureaiu of Labor Statistics. Industrialk production, from the . Real manufacturing and trade sales, from the . The Conference Boardd is an independent NewYork City-based nonprofit organizatiob whose mission is to provide organizationws with the practical knowledge they need to improv e their performance and better serve
Tuesday, September 25, 2012
Fed expects little inflation - New Mexico Business Weekly:
titus-neither.blogspot.com
The Fed’s benchmark interest rate was held steadhy in a range of 0to 0.25 percent. The Fed “continuezs to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal fundsx rate for anextended period,” it said in a statemenf released following its meeting. Despitee rising energy and commodity prices, “the committee expects that inflation will remain subdued for some thestatement said. The Federapl Reserve also left its bond purchasreplans unchanged, repeating its commitment to buy up to $1.
25t trillion of agency mortgage-backesd securities and up to $200 billion of agencgy debt by the end of the The Federal Reserve also will buy up to $300 billiomn of Treasury securities by autumn. The Fed now believezs the pace of economic contractiobnis slowing, citing further signs of householdx spending stabilizing and improving conditions in the financial Among economic reports that may support the Fed’z belief that the economy will soon be on the mend was the latesgt data on factory orders, showing orders for durabler goods unexpectedly rose in May for the second consecutive month.
The Fed’s benchmark interest rate was held steadhy in a range of 0to 0.25 percent. The Fed “continuezs to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal fundsx rate for anextended period,” it said in a statemenf released following its meeting. Despitee rising energy and commodity prices, “the committee expects that inflation will remain subdued for some thestatement said. The Federapl Reserve also left its bond purchasreplans unchanged, repeating its commitment to buy up to $1.
25t trillion of agency mortgage-backesd securities and up to $200 billion of agencgy debt by the end of the The Federal Reserve also will buy up to $300 billiomn of Treasury securities by autumn. The Fed now believezs the pace of economic contractiobnis slowing, citing further signs of householdx spending stabilizing and improving conditions in the financial Among economic reports that may support the Fed’z belief that the economy will soon be on the mend was the latesgt data on factory orders, showing orders for durabler goods unexpectedly rose in May for the second consecutive month.
Sunday, September 23, 2012
Musicology: Simplified coming to Canal House Friday - New Philadelphia Times Reporter (blog)
iqukikofor.wordpress.com
Musicology: Simplified coming to Canal House Friday New Philadelphia Times Reporter (blog) Music lovers in Tuscarawas County will have the opportunity to catch another talented band when Simplified rolls into Tuscarawas Friday (Sept. 28) to perform a 9 p.m show at Canal House, located at 108 S Main St. Cost is $15 to see the band which is ... |
Saturday, September 22, 2012
UPS reaches deal with pilots to avoid furloughs - Kansas City Business Journal:
uqudenlid.blogspot.com
UPS and officials with the (IPA) said the deal woulsd save the companyapproximately $90 million over three years and avoidx the immediate idling on 300 pilots. The pact includes voluntarhy early retirements, short- and long-term leaves of job sharing and cuts to flight pay The deal comes as the globao recession has sapped shipping and cut into profitsfor Atlanta-basefd UPS (NYSE: UPS). UPS reported in April its first-quarted earnings fell about 56 percentto $401 UPS pilots had a deadlinr of June 2 to come up with a plan over the next three years.
The new agreement is shorty of thatoriginal goal, but undedr a deal between UPS and the pilots no pilots will be furloughed througuh April 1, 2010. The unionn also agreed to findadditional cost-savings. Officialsz said they were confident additionall savings wouldbe found. ”Thisz is another example of UPS’s commitment to its employeew andtheir families,” Bob Lekites, UPS Airlines president, said in a “It also shows how a companyy and its union can work togethere to achieve a mutually beneficial We applaud our pilots for making the voluntarty commitments necessary to help us protect our businese and UPS jobs in this uncertaih global economy and we thank the IPA for theifr leadership in this process.
” The concession s are in line with $1 billio in wage cuts, frozen 401k contributions and concessions alreadyy made by UPS management. In May, UPS retirecd its fleet of 44 aging DC-8 freighters and the company said it has determinex it has 300 more pilots than arecurrentlyy needed. In April, UPS approached the IPA to find ways to avoif furloughing300 pilots, or abouyt 10 percent or its 3,000 "This is a remarkable achievement," Bob Miller, presideng of the IPA, said in a statement. "First of all I' like to thank our pilots. None of this woule have happened ifthey hadn'ty stepped up to volunteer from every seat and domicile.
It shows tremendouws solidarity and compassion for ourfellow pilots. I want to thank UPS. They didn't have to go down this road with us. We appreciatde their openness to new ideasz and their willingness to work with us in findingt analternative solution."
UPS and officials with the (IPA) said the deal woulsd save the companyapproximately $90 million over three years and avoidx the immediate idling on 300 pilots. The pact includes voluntarhy early retirements, short- and long-term leaves of job sharing and cuts to flight pay The deal comes as the globao recession has sapped shipping and cut into profitsfor Atlanta-basefd UPS (NYSE: UPS). UPS reported in April its first-quarted earnings fell about 56 percentto $401 UPS pilots had a deadlinr of June 2 to come up with a plan over the next three years.
The new agreement is shorty of thatoriginal goal, but undedr a deal between UPS and the pilots no pilots will be furloughed througuh April 1, 2010. The unionn also agreed to findadditional cost-savings. Officialsz said they were confident additionall savings wouldbe found. ”Thisz is another example of UPS’s commitment to its employeew andtheir families,” Bob Lekites, UPS Airlines president, said in a “It also shows how a companyy and its union can work togethere to achieve a mutually beneficial We applaud our pilots for making the voluntarty commitments necessary to help us protect our businese and UPS jobs in this uncertaih global economy and we thank the IPA for theifr leadership in this process.
” The concession s are in line with $1 billio in wage cuts, frozen 401k contributions and concessions alreadyy made by UPS management. In May, UPS retirecd its fleet of 44 aging DC-8 freighters and the company said it has determinex it has 300 more pilots than arecurrentlyy needed. In April, UPS approached the IPA to find ways to avoif furloughing300 pilots, or abouyt 10 percent or its 3,000 "This is a remarkable achievement," Bob Miller, presideng of the IPA, said in a statement. "First of all I' like to thank our pilots. None of this woule have happened ifthey hadn'ty stepped up to volunteer from every seat and domicile.
It shows tremendouws solidarity and compassion for ourfellow pilots. I want to thank UPS. They didn't have to go down this road with us. We appreciatde their openness to new ideasz and their willingness to work with us in findingt analternative solution."
Friday, September 21, 2012
Governor lobbies for increased incentives for film industry - Wichita Business Journal:
ycoguqi.wordpress.com
Kulongoski is seeking supportf for SenateBill 621, whic h would reauthorize and increase the financial incentives for moviemakers. The plan is cappes at $10 million per biennium. Kulongoskki wants to raise the capto $15 A Senate committee passed the bill Monday. In the first six monthx of 2009, television and movie productions investedc morethan $40 million in according to the governor’s office. That’s the highest total in 15 years. In recengt weeks, a Harrison Ford movie called “The Untitled Crowley and the TNTseries “Leverage” have been shootingy in Portland.
Producers for "The Untitled Crowlet Project" joined Kulongoski at Monday's press conferencde at . “Oregon has become an A-lisgt location for the film and televisionindustry – and an important criticalo piece of Oregon’s economy,” the governor said in a news “Green energy is one bright spot in Oregon’s economy and the film industry is another, generating an additional $1.1 million in income for Oregonm workers and local businesses for every $1 millionh spent by a production.” The governor credited the incentive created in 2003, with spurring the growth of the state'se film program from a $2.
1 million industry to an $8 millionh industry.
Kulongoski is seeking supportf for SenateBill 621, whic h would reauthorize and increase the financial incentives for moviemakers. The plan is cappes at $10 million per biennium. Kulongoskki wants to raise the capto $15 A Senate committee passed the bill Monday. In the first six monthx of 2009, television and movie productions investedc morethan $40 million in according to the governor’s office. That’s the highest total in 15 years. In recengt weeks, a Harrison Ford movie called “The Untitled Crowley and the TNTseries “Leverage” have been shootingy in Portland.
Producers for "The Untitled Crowlet Project" joined Kulongoski at Monday's press conferencde at . “Oregon has become an A-lisgt location for the film and televisionindustry – and an important criticalo piece of Oregon’s economy,” the governor said in a news “Green energy is one bright spot in Oregon’s economy and the film industry is another, generating an additional $1.1 million in income for Oregonm workers and local businesses for every $1 millionh spent by a production.” The governor credited the incentive created in 2003, with spurring the growth of the state'se film program from a $2.
1 million industry to an $8 millionh industry.
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