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

Saturday, September 29, 2012

Foreclosure rates drop in three Tampa Bay counties - Nashville Business Journal:

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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

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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 ...



and more »

Wednesday, September 26, 2012

Conference Board employment index edges up in May - Dayton Business Journal:

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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:

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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)

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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:

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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:

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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.

Wednesday, September 19, 2012

Refi rally for TexasLending.com - Dallas Business Journal:

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“Generally, that does buck the trend. It looks like they’r e gearing up for a turnaround and they want to get aheaed ofthe curve,” said Ryan, who does not followq TexasLending.com because it is privately held, but commentef generally on residential mortgage industryu conditions. Expanding now could be riskyu if interest rates rise and home sales continudeto slide, Ryan added. Although borrowing costd remain nearrecord lows, interest rates have risen slightly in recenr weeks. The rate increases are likely to continuse if theoverall U.S. economyu continues to improve, said Dana senior vice president and chief economistfor Dallas-basex Comerica Inc.
Even with the slightg uptick in rates, the mortgagw industry is likely to see strong activityh as falling prices make homesamore affordable, Johnson said. In that respect, adding mortgag industry jobs in the next several monthsmaked sense, he said. “There was a big pullback when a lot of mortgagw lenders went out of business after thesubprime crisis,” Johnso n said. “I can certainly understand why some people would view it as an opportunityh to be a strong player when mortgageactivity recovers.

Tuesday, September 18, 2012

Business notes - Business First of Buffalo:

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Address: 73 High Street, Buffalo, NY 14203-1196 Seven Seas Sailing School and Center offersa one-day seminar and sailing program for corporate groupsx through October. The programm takes teams of 12-20 through exercises in team-forming, managemen and skills competition. The program costsz $49 per person and includes a cateredpicniv lunch. Contact Wayne Zimmermann at wnysail@yahoo.com or 885-6936 for Address: 284 Fuhrmann Blvd.
, Buffalo, NY 14203 Internet: Wholesalw tile and supply outlet Tiles Internationaol launched a new Web site for customerds and professionals seeking information about tileflooring design, installation and Targeted at tile the site features room desigbn ideas, installation techniques, technical advice and industry news. Dale Schwenk is president of the 50-year-oldx company. Address: 6140 West Quaker St., Orchard NY 14127 Internet: Speed Transportation formec the subsidiary Speed Distributiomn to service Canadian companies that ship freight acrossthe U.S. border.
Services range from shippingg only to moreextensivr assistance, such as escorting goods acrosss the border, storing the products in a warehous and fulfilling customers' orders. The 57-year-olxd company operates a 450,000-square-foo warehouse equipped for computerizedinventoruy reporting, pool distribution, consolidation, heavy order-fulfillment and pick, pack and ship operations. Carl Savarino is CEO. P.O. Box 738, 1460 Military Road, NY 14217 Internet: American Propertyy Professionals has become a member of the Turn Key HomeInspectiom System.
The network employs the copyrighted Professional On Site Narrativre Home and BuildingInspection Report, which includes more than 150 Included in every report are: a table of detailed graphics and explanations and repair instructionsz for all conditions noted, plus a a chart on expected serviceable life for majo house components and maintenance tips. Tom Miranda is American Property contact. Address: 7096 Marigolde Drive, North Tonawanda, NY 14120 Carr Marketingb Communications was selected to providr public relations planning and servicesfor A-Turf, a Cheektowagqa company that manufactures and installs synthetix grass systems.
A-Turf, a divisio n of Surface America, recently completed installation of the new field at Hersheyparki Stadiumin Hershey, Pa. Carr will work with consumee and trade media to build the valuee ofthe A-Turf brand. Address: 500 Corporate Suite 118, Amherst, NY 14226 Internet: Millws and Associates developed a new corporated identity and launched a Web site highlighting its three areasof focus: advertising, design and communications. The site features examples of the agency's work in large-formayt printing, graphic design, books, television Web sites and corporate Pamela Mills iscreative director. 35 Cottage St., Buffalo, NY 14201 Internet: FB Portable Displays Inc.
completexd a custom table-top display for Connecticut Sea an organization committed to solving coastal problemws and developing newmarine resources. The 8-foot unit features detachable graphics on large mural paneles to accommodate a generic background mural and interchangeablssmaller graphics. FB Portable is exclusive regional distributor forNomadic Display, Laarhoven Design and Expostar Address: 338 Harris Hill Road, Suiter 107, Williamsville, NY 14221 Paragon Northeast Corp.'s Telfair division was designated number-one sales volume leader for Star Pre-Engineered Metal Buildin g in the August issue of the Pittsburgh Districtr Builders Newsletter. Address: 434 Delawarr Ave.
, Buffalo, NY 14202 John Cipolla of Innovativ e Realty Services was designated exclusive upstat and Western New York tenant representativde for ColdStone Creamery. The ice creajm and frozen yogurt franchise is lookin g for spacesof 1,400 to 1,600 squarw feet, preferring upscale centers with high-volumde night traffic and movie theaters, videi stores, restaurants and coffee shopse as co-tenants. The Creamery signs five-yeaer leases with three five-year Address: 6495 Transit Road, Bowmansville, NY 14026 TC Consultinvg Group of Orchard Park signed an exclusive marketing contrac t with ScriptSaveof Tuscon, TC will assist the prescription drug savingsw program with national sales and marketingb campaigns targeted at unions, the Taft-Hartley Trustf and managed care organizations.
Led by principalsa David Chojnacki andSam Todaro, the companty specializes in health-care industry marketing. 2841 Southwestern Blvd., Orchard Park, NY 14127 E-mail: tccnslt@aol.comj Choice One Communications signeda five-yeadr extension of its telecommunications servics and marketing agreement with the . The Rochester-basedf company remains the official telecommunications provider for the Billes and RalphWilson Stadium. Choice One'a association with the which includes in-stadium signage, Choice One Club naminh rights, business-to-business marketing, game tickets, special events and community has alsobeen expanded. Main Place Tower, 350 Main St.
, Buffalo, NY 14202 Wall Street Journal columnistPeter Meyers, known as the Cranky wrote that Valvoline Instant Oil Change deliveredx the best oil change experience in an undercover assessment of oil change providers. Meyers ratedc Valvoline and other chains on speed and comprehensiveneszs of service based on the reports of six drivers in differenf parts ofthe country. The franchisde has 16 area locations and more than730 Address: P.O. Box 14046, KY 40512 Internet: Dunhill Staffing Systems Inc. celebrates National Staffingf EmployeeWeek Sept. 22-28. The Americanj Staffing Association estimates that 90 percentof U.S.
companiess use temporary help services and that 2 million Americand are employed bystaffing companies. Alison Zubinn is Buffalo branch managerfor Dunhill. 584 Delaware Ave., Buffalo, NY 14202-1299 Internet: Buffali Marketing Group Inc. recently moved to new office and warehouser space and debuted an updated and expanded Web The site features information regardingthe company's servicews in integrated marketing and communications, Web services and advertising specialties, as well as projecr examples and case studies. Address: 33 Peuquet Tonawanda, NY 14150 Internet: ATSI Engineering quality management system was registered as compliany with theISO 9001:2000 international standard.
The consulting engineering firm has officews inthe Buffalo, Chicago and Pittsburgh areas. Robert Helenbrook is president. Address: 415 Commerce Drive, NY 14228 Internet:

Monday, September 17, 2012

American Oil & Gas, Inc. Company Profile | AEZ Company Information

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We are an independent oil and gas exploratio andproduction company, engaged in the development and acquisition of crude oil and natural gas reservese and production in the westerbn United States. During 2003, we acquired undeveloped oil and gas prospectss and participated in initiak drilling operations in certain of our projectss in Montanaand Wyoming. Prior to these we had not had operations forsome time. Developmentx Since December 31, 2003 o On Marcnh 23, 2005, we signed a letter of intenft that provides the mutual intent of the partiews is that we willacquire 100% of the outstandingg common stock of Tower Colombia Corporation in exchangd for 5.
8 million shares of our restricted commob stock. We expect that this merger will close beforeAprikl 30, 2005. Effective January 17, we have agreed with Tower that the three principalx of Tower will provide geological and otherfmanagement services, and we will pay Tower a management fee of $30,000 per month throughy the date of closing the merger or May 31, whichever occurs first. After the mergert closes, we expect to have a total of eight employees.

Saturday, September 15, 2012

SunTrust to raise $1.4 billion in stock offer - Baltimore Business Journal:

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billion through a stock offerinf to boost its capital to meet federalgovernmenft requirements, the Atlanta-based bank said The Atlanta-based bank wants to sell 108 milliojn shares at $13 a In relation to the offering, SunTrust (NYSE: STI) suspendede its previously announced $1.25 billion “aty the market” offer, which raised $260 Further, SunTrust began an offerd to buy up to $1 billiohn liquidation preference or amount of certain of its currently outstanding preferred and hybrid securities for cash usintg proceeds from the $1.4 billion equity The moves come after the federalo government’s “stress test” found SunTrust needed to raisr $2.2 billion in capital.
And while SunTrust had sufficient tier 1 capitaol to absorb projectedloan losses, its capital “tilted too strongly” to sources other than commob equity, the stress test After completing the offerings announced Monday and prior, SunTrust expects to have fully satisfied its obligation. "Today'ds announcement underscores that we are on a cleare path to achieve our previously announced capital objectives as we intensify our focus onthe future," said James M.
Wells III, SunTrust chairmah and CEO, in a Wells also noted completionj ofthe company's capital-related initiatives will boosrt its ability to repay, upon regulatoru approval and at the appropriate preferred stock gotten through participation in the U.S. Treasury's Capital Purchasw Plan.

Friday, September 14, 2012

California deficit drains Silicon Valley funds - Business First of Columbus:

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Santa Clara’s 2009-10 general fund budget is $151 Like every municipality in theBay Area, Santaw Clara has very little wigglr room, and the state’zs possible grab of $6 million is a squeeze. The dollarsd would be made up of $1.8 milliomn in gas tax revenue, $1.1 millionn from highway funds, and $3.1 million in borrowed Deputy City Manager CarolMcCarthy said, “Alo of the $1.8 million of gas tax monegy is at risk, and the 1A $3.1 million ‘borrowing’ is stilkl being considered.” If the state does take the since the $3.1 million is a statde loan to be repaid in three the city would take out a short-term loan to balance the shortfall.
It would also enablre Santa Clara to forgo any cutsto service, McCarthy “The gas tax potential takeway from the city of Santas Clara would be an enormous blow. The funds are now slateds for street maintenanceand repair, servicesw we consider to be very important to our McCarthy said. Mountain View’s recentlyt adopted budget forfiscal 2009-1 0 is $91.5 million. From that, the city stands to lose $1.2 millioh in gasoline taxes the state is proposing to withhold to help balanced itsown budget. Mountain View uses this money to fund its streetf construction andmaintenance programs. Aside from the gas tax the city is also losinfg sales tax because of thefaltering economy.
This year the city estimatezs it willreceive $15.y million in sales tax, $600,000 less than in fisca 2008-09. At the beginning of last year’s budget the state estimated it wouldreceivs $17.4 million but ended up receiving $1.1 million less than expected. Finances Director Patty Kong said Mountain View will plan how to make up for the cuts once the statw budget is finalized and the city know precisely what itwill lose. “Everythinvg is changing,” Kong said. “We’re just waiting to see what the stats is goingto do.” State officiala are also looking at withholdinvg redevelopment money from cities. Mountain View coul lose $350,000.
San Jose pluggef an $84 million shortfall in its $880 million generalp fund budget by laying off150 people, freezingy 250 jobs, demoting 100 staffers and convincing employees not to acceprt any raises in a program called “true zeroes.” The city’s total budget is $2.6 “It was not easy,” said Mayotr Chuck Reed. He expects the state to “take another run” at the Redevelopment Agencyh funds, but expects the agency to file anotherr lawsuit to stop the Reed said the city expected the state totake $20 but now believes the takeaway may be closer to $50 “We’ve already done the easy stuff.
Now we’r e looking at big numbers,” he said. Fremont’d recently adopted budget for fiscal 2009-10 is $135.7 million.

Wednesday, September 12, 2012

Ryder Q1 net income down 88% - South Florida Business Journal:

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On a positive note, lower mileage will translate to lowermaintenancse costs, but it will take time for the savingds to show up on Ryder’s balance company officials said during a conference call Wednesday. The Miami-based commerciakl truck leaser and logisticscompany (NYSE: R) reported net income of $6.8 or 12 cents a share, for the first quarter, down from $56.1 million, or 96 cents a a year earlier. Revenue for the firstt three months of the yearwas $1.2 down 22 percent from $1.54 billion in the same period last year. Total revenue was impactedd negatively byseveral factors, includiny lower fuel prices and fuel volumes.
A Thomson Reuters poll of on average, projected a 22-cent profit per shars on revenueof $1.2 Morgan Keegan analyst Art Hatfield, who sat in on Wednesday’s conference call, said the company is doingf a “good job” with its cash flow, but there isn’tr good news in the report. “There is nothing reall that they can say that things are getting better,” he said. “It’s a matte of when the economy gets better.
” The compan y felt the fuel pain in the Fleet ManagemenftSolutions (FMS) segment, which combines a packagde of services that include the outsourcingh of acquisition, maintenance, management and disposal of FMS reported first quarter revenuw of $862.6 million, down 22 percent compared with the same time last Fuel services revenue in the first quarter decreased 53 percenyt compared with the same perioed in 2008 due to lower fuel pricess and reduced gallons pumped at Ryder's fuel service according to the company.
Overall, profig from FMS declined by 67 percent for the While companies are driving less and consolidatintg routes tosave money, the drop in miles also reflectsx the reality that there is less freight flowinf throughout the country, another consequence of the economid downturn. Proceeds were down 11 percentr on tractor sales and 19 percenton trucks, which were sellinh at more modest prices. The company has seen an upticki in salesof trucks, however, startingy in the fourth quarter and again in although pricing continued to be soft. Ryder expects to discontinur operations in Europe and South America this year as a resul t of lowerautomotive results.
Continuer weakness in the economy and a lack of predictability prompted Ryder to suspendearnings “Despite these factors, based on the naturs of our business model, we expectf full-year free cash flow to remaihn strong and significantly improve versus our priofr forecast,” Ryder Chairman and CEO Gregorg T. Swienton said in a news release. Shares closer up $1.35, or 5.56 to $25.64. The 52-week high was $76.64 on May 19. The 52-weekm low was $19 on Marchy 6.

Tuesday, September 11, 2012

NY earmarks $28M for health projects - Business First of Buffalo:

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Community Health Center of Buffalo will replacse its aging center on Grider witha 40,000-square-foot supercenter on funded by a $4.2 million The $12 million project, which will offer a complete menu of supporty services provided through a collaborative effort by the Catholic Health is expected to open in September 2009. CHS will also be workingy on an emergency department expansionat , whicnh was awarded a $3.8 million grant. Both grants are among nearlyh $28 million awarded to Western New York nursing homes and other nonprofit health care providersd through the Health Care Efficiency and Affordability Law for NewYorkera (HEAL NY).
Statewide, $280 million was awarded to nursing homes and othernonprofit health-care providers for restructurinh projects. HEAL was passes in 2006 to support the mandates of the Commissio n on Health Care Financing in the 21stCenturyy (commonly known as the Berger The state has authorized up awards totaling $1 billiob in HEAL NY funds. the Catholic Health System receivexthe lion’s share of grants: $10.2 million, includint $1.49 million for for a primary care supercenter; and another $5 milliohn to take a look at its long-termn care facilities and how best to reconfigure the sites.
Dennias McCarthy, vice president for publi c relations andgovernment affairs, said the awarding of the grantas enable Catholic Health to begin some real In a prepared release, Joseph McDonald, CHS president and CEO, said now the systemm can move forward to develop the projects. “Thes e grants will help us continue to redesign healthcar delivery in our regioh and make further improvements to expand accese andenhance quality,” he said.
The collaboratived effort at the new Communityy Health Center will see Sisterswtransition 20,000 patient visits from its hospital-based Familgy Health Center to the CHC’s new site, with CHS providingy such services as laboratory, radiology, endocrinology and health education services. Moving the center from Sisters will open up spacs for the emergency department Sisters will continue to operatw a prenatal and obstetric care clinifc and offer other imaging services at the MainStreef site.
LaVonne Ansari, CEO and executiv e director ofthe CHC, said in a preparedc release the center will meet a growinv need for community-based “This is truly a collaborative effort amony health partners who share a commonn vision to serve those in especially those who are poor and uninsured,” she The state grants come through the next threwe phases for the HEAL NY program: Phase 6 awardd for primary care infrastructure projects; Phase 7 awards for capital restructuring initiatives; and Phase 8 awards for residential health care facility rightsizinh demonstration projects. • : $1.69 million to develop an inpatientf psychiatryunit • ( ): $1.
4 million for its Garden House senior housing apartment project • in Jamestown: $3.1 million for campuw expansion and bed consolidation A half dozen grants were awarded for smaller projects, includintg $183,918 to Aspire of WNY for an electronic medicapl records system; $388,739 for for its primary care $484,016 for the Finger Lakes Migrant Health Care Projectg Inc.; $493,286 to for construction of a primaryh care facility at the Horizon Village intensive residentia drug treatment center; and $500,000 to in Dansville for its imaging project.
Also, two grante of $609,320 and $336,025t to to expand primary care in Albionn and Lyndonville inOrleans $725,556 for Planned Parenthood of WNY for a renovation and infrastructur project at its Niagara Falls medical clinic; and $456,600 to TLC Health Network for a capital restructurinhg initiative for its long term home health care programn Telehealth Project.

Monday, September 10, 2012

Marketing at festivals can be way to draw customers - bizjournals:

lihung-associations.blogspot.com
Festival organizers say they are working hard this year to tailof marketing opportunities to meet the needz of theirlocal sponsors. One new marketing opportunity at Summerfesrt isgate giveaways, said John Boler, ’xs vice president of sales and marketing. Four businesses , U.S. Cellular, and Chipotle — will give a promotionalk item to patrons at select times on four separate days duringthe 11-dau music festival. Boler said the program is probablyh one of the most economical sponsorship opportunities at although he declined to say what feecompanies pay.
“If they have a particulare product they want to put inour patrons’ hands or if they want to put a special offer that will bouncw that patron back to the retail establishmentg after an event, that’s how these programs can provide benefit to a local marketer,” he Marcus Hotels & Resorts will have two new promotionzs at Summerfest and also for the first time has created room package around Milwaukee’s ethnic festivals. The first 5,009 patrons through the Summerfest gates on June 27 beginningv at noon will receive a gift card bookler with discountsfor Marcus-owned businesses, such as the Well Spa and Masoh Street Grill at The Pfister Hotel.
On Familhy Day, Marcus also will distributs cups withthe company’s water park logoas and a card inside that will be good for 50 game tokensw at either of its Paradise Landing or Timber Ridge Lodge waterr parks. In addition, Marcuw will have a booth at Irish Fest in Augusy promoting an opportunity for guests to book their stay fornext year’sd festival. Marcus has created an Irish Fest package for an extendedx stay vacation that comes with authentic IrisuhFest memorabilia. The company also has creater a “Seize the 3-Day Weekend” packagew that offers visitors to all ofthe city’s festivale a free third night if they book two said Chris Anderson, a Marcus spokesman.
Marketing at the festivalw is economical, Anderson said. “It’ s old-fashioned direct sales,” Anderson said. “Face-to-face sales are still some of the best form of You have a great chance of converting that customere intoa vacationer.” Other local companiews said the festivals provide an opportunity to reacg their target markets and be seen as a community supporter. sponsors the Liturgy on Sunday and children’s activities at Irish Fest. The company will sponsort the Family Passport program at theethnifc festival, for which families pick up a passpory and travel with their children to 10 festivalk destinations highlighting education and Irish culture.
“It’s a greay opportunity for Catholic Knights to be seen supportinfgcommunity organizations,” said Bill O’Toole, the Milwaukee company’as president and chief executivse officer. “It shows that we’ree supportive of community organizations that sharesour values.” By supporting activities such as the Liturgyh and Passport program, the company also reaches its target market, O’Toole said. Figuring out ways to help businessea reach their audience is an important part of keepinf sponsors coming back toIrish Fest, said Jane Irish Fest executive director.
Companies are “alwayas looking to get the visibility andthe branding,” she Sponsorship dollars are down for Festa Italiana this year, said Henrhy Piano, Festa Italiana chairman. But the festiva l has attracted some newlocal sponsors, includinf Piggly Wiggly.

Saturday, September 8, 2012

Consumer confidence up dramatically - The Business Journal of Milwaukee:

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in April. The index is based on a representativ sampleof 5,000 U.S. households. “Looking consumers are considerably less pessimistic than they were earlier this and expectations are thatbusiness conditions, the labor marke and incomes will improve in the cominy months,” said Lynn Franco, director of the . “While confidenc is still weak byhistorical standards, as far as consumerz are concerned, the worst is now behindx us." Consumers' appraisal of the job market was also more favorable. Those claiming jobs are "hard to decreased to 44.7 percent from 46.6 percent in April. Those sayinf jobs are "plentiful" edgerd up to 5.7 percent from 4.
9 The employment outlook was also less with the percentage of consumers expecting more jobs in the months aheadr increasing to 20 percentfrom 14.2 percent, while those anticipating fewer jobs decreases to 25.2 percent from 32.5 percent.

Friday, September 7, 2012

Caraustar Industries files Chapter 11 - Atlanta Business Chronicle:

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All trade creditors, customers and employees will receive all amountsz owedto them, the Austell, Ga.-based recycled paperboard and packaginb company said. It will ask the U.S. Bankruptcgy Court for the Northern District of Georgia for approvalk to pay the amountss in the ordinary cours eof business. Caraustar CSAR) also reached agreement with debt holderxs to reducethe company's debt obligations by $135 million. Unde r the Plan, holders of outstandingt sharesof Caraustar's common stock will receiv their pro rata share of $2.9 or 10 cents a share, subject to certai conditions. The restructuring plan calls for the exchangw ofthe company's existing 7.375 percent and 7.
25 percentg senior notes for an aggregate of $85 million in new senior secured notea and 100 percent of the commohn stock of the reorganized will become the company's controlling shareholder. In conjunction with the Caraustar has landeda $75 million debtor-in-possessio line of credit from General Electric Capital The money may be used for cash collateralizing outstanding letters of credit, paying for goodxs and services in the ordinary course of the business and generap corporate purposes. "Caraustar took decisive action to substantially reducethe company's debt and prospectivelyh reduce costs,” said Presidentg and CEO Michael J.
Keough, in a “Once our financial restructuring is webelieve Caraustar's new capitak structure combined with the cost savings achieve d by operating as a private entithy will provide a lean and flexible foundationb for sustainable profitability and better position the company to meet the challenges of our industryt and this recessionary economy head on." The companu posted a net loss of $4.4 million in the first quarter of 2009 and had a $99 million loss in 2008.

Thursday, September 6, 2012

Expert advice can point the way to success - Jacksonville Business Journal:

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That's precisely what Josephj Hutchinson did when hesought training, mentoring and advicde from in 2003. Beaver Streef is a business incubator that work s with startup companies and established firms to help them succeefd inthe marketplace. "I had actually been in business forthrere years, but what I needed was to find out how to go from bein a firm that functions like a sole proprietorshilp to an incorporated firm," said Hutchinson, president and CEO of , a design/builde general contractor. "They said, 'Here's what you have to do in the next few year sand here's how to move from Xeye beinfg just about Joe to beinyg about the team.
'" Xeye graduated from Beavedr Street this year. Hutchinson said the strategif planning skillsand peer-to-peer learningf were key to his company's successful transition. "They help you see the opportunitiesd that lie in front of you and then help you grab Hutchinson said. "We have had 40 businesses that have gone througg in the last five yearswith us, and we have 19 companiews on board right now," said Jackie Beaver Street executive director.
"The goal of business incubationb is to provide an opportunity for business both startup ventures and growth and get themsupport services, whic h come in the form of mentoring, training, help with businese planning, and to get financing help." Beavere Street's services include everything from business planninbg to below-market-value rent for office The business incubator offers technicaol assistance programs to tenants and also partnerw with a number of agencies such as the Jacksonvill Regional Chamber of Commerce, the Small Business Administration and the Small Business Development Centetr at the University of North Florida, which provide the businessesd with additional resources.
Open workshops are held each a complete list can be foundat . Examples of upcoming workshop topics include growinb a business to thenext level, a SCORE-conducted worksho July 11, and a franchise symposium Oct. 7 that will examine all aspectsof "We offer one-on-one mentoring, situational mentoring where it's not long-term," Perry said. "For if the business has an issue concerninb bookkeepingor finance, we'll get them a mento to help work through that issue. So a business owner could have three mentors atone time, each addressinh a different topic.
" The Smalol Business Development Center at UNF provides on-site technicalp assistance two days a week for Beavee Street tenants and the public. "You hear a statistic with incubatorsx that 87 percent of incubatofr tenants stayin business," said Janice the SBDC regional "One of the reasons is the valuse of the resources the incubators have by providing advice, coaching, assistance and information." "We hear from our tenantx that it would be more challengingv to go it alone," Perry "Some believe that if it hadn't been for Beaver Street, they wouldn'ft be in business today.
"

Tuesday, September 4, 2012

Folgers powers Smucker to 4Q, full-year gains - Business First of Columbus:

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The Orrville-based maker of jellie and breakfast rolls said itearned $94.3 or 80 cents a share, for the quarter ended Apriol 30, more than double its net incoms of $37.1 million, or 67 centsx a share, a year earlier. Revenue in the quarter soared more than 80 percentto $1.07 billionn from $590 million. Smucker’s fourtnh quarter was the seconsdfull three-month period to include results from the Folgerz coffee brand, which the company acquired from Cincinnati-baserd (NYSE:PG) last November for $3 The company in February boosted its financia outlook for the year base d on better-than-expected growth from the Folgerzs operation.
Excluding the Folgers acquisition andothert factors, Smucker’s fourth-quarter sales were abour 3 percent higher than a year earlier. The company’w full-year profit grew 56 percent to $266 or $3.12 a share, from $170.4 or $3 a share. Revenue for the year was up 49 percent at $3.76 billion, compared with $2.52w billion last year. The company expects a revenu e boost of as much as 20 percent infiscall 2010, while share earnings are forecast to rangr between $3.65 and $3.80, excluding acquisition charged and related costs. In addition to its iconid jamsand jellies, Smucker (NYSE:SJM) makes and marketsd a variety of food brands, including Eagle Brand and Hungry Jack.
The company employs more than 3,0000 workers.

Monday, September 3, 2012

Gerry Geen from Seafish Tasmania discusses a change of name and port for the ... - ABC Online (blog)

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Saturday, September 1, 2012

Going to the Dogs - Pittsburgh Business Times:

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"We listened to our customers who were requesting a comfortablre place for their petsto sleep," said Peter Cipkins, director of salez and marketing at the . The Americah Hotel & Lodging Association in D.C., reports that nearly half of all U.S. hotelsx now allow guests to bringtheitr pets, up from 30 percent a decade ago. And consumers are spending $41 billion annually, double what they spent a decade ago, on pet products and services, according to the 2007-08 National Pet Owners Survey. However, a spokeswoma n for the said there is no way to determine how much of that is spenrton travel-related services.
The Westin takesa pride in ensuring the comfortof "man'sx best friend" by providing a Heavenly Dog Bed, whichy is essentially a large fluffy The hotel also provides bowls, a dog tag and a door sign. , a Tennessee-based company that offers online resources for pet estimates that most hotels charge anaveragr one-time fee of $25 for However, the Westin's decision not to charge a fee is pretty "We don't charge for children to spenx the night, so we don't charge for Cipkins said. Local hotels have varying policiess regarding the size of dog they will with most requesting that it be less than35 pounds, excepty for service dogs.
Statistics provided by the Travep Industry Association show that an estimated 29 million peopler in the United States have travelerd with their pet on a trip of at least 50 miless in the pastthree years. Keith Shopnicki is a Michigan resident who often travels to Butle r tovisit relatives. He and his Maltese named Sake stay in Cranberryh Township atthe . "On one occasion, the nighgt manager called me on my cell phoned to let me know Sake was restless and the guesy in the neighboring roomhad complained,'' Shopnick said. "jI was not in close proximity, so the nigh t manager volunteered to entertain my dog and give himsome treats.
" Ron general manager of the Pittsburgj Marriott North, said the hote accommodates 200 to 300 pets a "We even have a pet-friendly cage for he said. The Pittsburgh Marriott North charges guestsa one-time fee of $75, whichj is used to pay for cleaning services to ensurde the room is dander-free for the next gues t who may be allergic to animals. Derek Welsh, president of BringYourPet.com, said peopler of all ages and all walkas of life are opting to travel withtheir pet. "Immediateluy following 9/11, there was a decrease in air travel and a sharp increase in auto travel andpet travel,'' Welsh said.
"Hotele started making a conscioux effort to accommodate and it's been picking up steakm ever since." Bob Page, director of marketingv at the , located Downtown, said allowing pets is a value-addefd amenity. "People want their pets to be with so providing this service is an attractives featurefor hotels," Page The Four Points by Sheraton in Greensburvg is a pioneer in the pet travel industry, havinv offered the Pets are Welcome (PAW) program since 1978. General Managerr Brian Hutchins said a wing with about 15 roomz is designatedfor pets. "Some hotels are even offerinbg room service and menu items for Hutchins said.
"We would explore this, if we had a
 


Gerry Geen from Seafish Tasmania discusses a change of name and port for the ...

ABC Online (blog)


Neil McKinnon, CEO of the Tasmanian Chamber of Commerce and Industries attended a forum regarding the FV Margaris on the weekend and says that the politicians are attacking the wrong target. (2:00). Terry Polglase, State President of the Australian ...



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