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Point.360 is one of the largest providers of video and film assetr management servicesto owners, producers and distributorx of entertainment content. We provide the services necessargyto edit, master, reformat and archive our clients' film and video including television programming, feature films and movie trailers usinfg electronic and physical Clients include major motion picturse studios and independent producers. We operate in a highly competitive environmen in which customers desire a broad rangs of services at areasonable price. Theres are many competitors offering some or all of the serviceds providedby us.
Additionally, some of our customers are large studios, which also have in-house capabilitiesx that may influence the amounft of work outsourced to companieslike Point.360. We attracy and retain customers by maintaining a high service level atreasonable prices. The market for our serviceds is primarily dependent onour customers' desire and abilitu to monetize their entertainment content. The major studiose derive revenuesfrom re-releasesz and/or syndication of motion pictures and television content. Whiler the size of this market isnot quantifiable, we believde studios will continue to repurpos e library content to augment uncertain revenuess from new releases. ...
Thursday, September 29, 2011
Tuesday, September 27, 2011
CEO of United Healthcare quits to seek new venture - San Francisco Business Times:
srikanth-topic.blogspot.com
Loubet, who created a name for United statewide since he took the helm in said he will leave in late July to head intoa earlier-stage company that he can build. "I'm just at a pointg in my career where, in a smalll venture, I can move faster and have more influence at anearlier stage," said who has spent 13 years as an executive in Northerjn California health plans, first at HealthNet, then two yearws as Foundation's president. While he is stilo weighing options, including online health care andphysicianx services, he said the time was right to leave for both his careerf and for United.
"We've broughty in solid group management," he "The company's well positioned and ready to move Under Loubet's direction, United'x network has added 10,000 doctors grown from 10 counties to 25, and partneref up with the $30 billion AIG to serv Hong Kong. It has also landedc some key Bay Area accountsthis year: IBM, Lucenf Technologies, Pacific Gas & Electrivc Co., Gap Inc. and The Minneapolis company has tapped Emerg Dameron toreplace him. Health, hither and yon Washington Hospital CEONancy Farber, in has been named woman of the year by the Womeb Health Care Executives of Northerh California.
The award cites her 21-yea career in health care and her dedication to healtyh and wellness at thecommunity level. Emeryville's Chiron Corp. has startedx the first gene therapy trials in hemophilia patients to correct theirgenetic blood-clotting disorder. The biotecjh expects to have trial resultsnext year. Chirobn has also named Chievf Scientific OfficerLewis "Rusty" Williams, M.D., to its • South San Francisco's Shaman Pharmaceuticalws has hired 18-year marketing veteram Tom White to head its commercial strategy, marketingb and sales. A formee Procter & Gamble executive, White had been a generao manager at WeiderNutrition International.
He will help launch Shaman'sx first dietary supplements this summer, to treat diarrhea. • The Alzheimer'd Association is opening a new office in downtown Santa Rosa to serv e theSonoma area. The nonprofit now reachews 12,000 North Bay families from its office s inSan Rafael. Kristen Bole can be reachesd at kbole@amcity.com, or at 288-4951.
Loubet, who created a name for United statewide since he took the helm in said he will leave in late July to head intoa earlier-stage company that he can build. "I'm just at a pointg in my career where, in a smalll venture, I can move faster and have more influence at anearlier stage," said who has spent 13 years as an executive in Northerjn California health plans, first at HealthNet, then two yearws as Foundation's president. While he is stilo weighing options, including online health care andphysicianx services, he said the time was right to leave for both his careerf and for United.
"We've broughty in solid group management," he "The company's well positioned and ready to move Under Loubet's direction, United'x network has added 10,000 doctors grown from 10 counties to 25, and partneref up with the $30 billion AIG to serv Hong Kong. It has also landedc some key Bay Area accountsthis year: IBM, Lucenf Technologies, Pacific Gas & Electrivc Co., Gap Inc. and The Minneapolis company has tapped Emerg Dameron toreplace him. Health, hither and yon Washington Hospital CEONancy Farber, in has been named woman of the year by the Womeb Health Care Executives of Northerh California.
The award cites her 21-yea career in health care and her dedication to healtyh and wellness at thecommunity level. Emeryville's Chiron Corp. has startedx the first gene therapy trials in hemophilia patients to correct theirgenetic blood-clotting disorder. The biotecjh expects to have trial resultsnext year. Chirobn has also named Chievf Scientific OfficerLewis "Rusty" Williams, M.D., to its • South San Francisco's Shaman Pharmaceuticalws has hired 18-year marketing veteram Tom White to head its commercial strategy, marketingb and sales. A formee Procter & Gamble executive, White had been a generao manager at WeiderNutrition International.
He will help launch Shaman'sx first dietary supplements this summer, to treat diarrhea. • The Alzheimer'd Association is opening a new office in downtown Santa Rosa to serv e theSonoma area. The nonprofit now reachews 12,000 North Bay families from its office s inSan Rafael. Kristen Bole can be reachesd at kbole@amcity.com, or at 288-4951.
Sunday, September 25, 2011
Southern Community Bank shuttered - Boston Business Journal:
Glass Door Refrigerators
Essentially all of Southern Community’s operations -- including branches, deposit and assets -- will be acquired by Ga.-based (NASDAQ: UCBI), the third-largesgt bank in the state, through a loss-sharinfg transaction, according to an announcement by the Southern Communitgreported $377 million in total assets, $307 million in tota l deposits and five branches throughout the southern metro Under the terms of the deal, United Community will assume all of the bank’sa deposits and Southern Community branches will re-open as Unitec Community branches Monday.
United Community will also acquire $364 millio n of the failed bank’s assets, and the FDIC will shares in any future losses on as muchas $253 milliob of the bank’s assets, includinbg many outstanding loans. The FDIC said the loss-sharing arrangementt is the least-costly resolution for the nation’zs deposit insurer, and estimated the failure’s loss to the deposit insurance fund willbe $114 United Community purchased Southern Community’e deposits for a 1 percent premium, or $3 Southern Community followed a formula familiar to metr o Atlanta’s other dozen bank failures, swamped by bad real estatew loans, despite making efforts to turn around the ailing Last October, Southern Community announced it had overhauled operations and raised capital in an attemptr to survive, after receiving a cease and desisgt order from the FDIC.
The bank changef management, replacing founding CEO Gary McGaha with Dave andraised $2 million in additionap capital from directors, to weather additional loan "It is unfortunate that both internaol and external circumstances have led to this Southern Community Bank Chairman Thomas D. Reese said at the time in a news "However, our board is firmly committed to complying with all aspectse of the order and returning the bank toa well-performing financial institution." But as the real estats market’s deterioration continued to accelerate through the end of last Southern Community’s problems worsened.
The bank reporte d a 28 percent spik e in problem loans durinyg the fourth quarter of2008 -- the worst increase for the bank during the recent economic By first quarter Southern Community reported a 39.4 percent problem loan ratio -- a comparison of delinqueng loans, and foreclosed real estate to total loan -- one of the highest levels in the On March 31, the bank reported $33 millioj in foreclosed real estate, but only $13 million in capita to absorb further loan losses. The bank had a Texas ratiok of518 percent.
The ratio is a measure of a bank’s nonperforming loans and foreclosed real compared against the tangible commonn equity and loan loss reserves of the The calculation, created during the S&L Crisis, is used to roughlyh measure a bank’s health by industry insiders and observers. Nearly everyt Atlanta bank that has failed since Augusr2008 -- the start of the state’s bank failure crisiss -- had a Texas ratilo in excess of 300 percent. Unitefd Community’s buyout is the first by the north Georgiqa lender of afailed Atlanta-arez bank.
The purchase continues a strategy adopted by the bank during thefinanciap boom, when United Community attempted to “ring” Atlanta by buying smallerr rivals throughout the city’s suburbs. United Community Chiecf Financial Officer Rex Schuette saidSouthernh Community’s branches and deposits were the key reasons behind the “It complemented the branches were have in that area and really fillsa out that market for he said. “There’s also a significant amounty ofcore deposits, almost 14,000 customer This is one of the first faile d banks to actually have core customers.
”
Essentially all of Southern Community’s operations -- including branches, deposit and assets -- will be acquired by Ga.-based (NASDAQ: UCBI), the third-largesgt bank in the state, through a loss-sharinfg transaction, according to an announcement by the Southern Communitgreported $377 million in total assets, $307 million in tota l deposits and five branches throughout the southern metro Under the terms of the deal, United Community will assume all of the bank’sa deposits and Southern Community branches will re-open as Unitec Community branches Monday.
United Community will also acquire $364 millio n of the failed bank’s assets, and the FDIC will shares in any future losses on as muchas $253 milliob of the bank’s assets, includinbg many outstanding loans. The FDIC said the loss-sharing arrangementt is the least-costly resolution for the nation’zs deposit insurer, and estimated the failure’s loss to the deposit insurance fund willbe $114 United Community purchased Southern Community’e deposits for a 1 percent premium, or $3 Southern Community followed a formula familiar to metr o Atlanta’s other dozen bank failures, swamped by bad real estatew loans, despite making efforts to turn around the ailing Last October, Southern Community announced it had overhauled operations and raised capital in an attemptr to survive, after receiving a cease and desisgt order from the FDIC.
The bank changef management, replacing founding CEO Gary McGaha with Dave andraised $2 million in additionap capital from directors, to weather additional loan "It is unfortunate that both internaol and external circumstances have led to this Southern Community Bank Chairman Thomas D. Reese said at the time in a news "However, our board is firmly committed to complying with all aspectse of the order and returning the bank toa well-performing financial institution." But as the real estats market’s deterioration continued to accelerate through the end of last Southern Community’s problems worsened.
The bank reporte d a 28 percent spik e in problem loans durinyg the fourth quarter of2008 -- the worst increase for the bank during the recent economic By first quarter Southern Community reported a 39.4 percent problem loan ratio -- a comparison of delinqueng loans, and foreclosed real estate to total loan -- one of the highest levels in the On March 31, the bank reported $33 millioj in foreclosed real estate, but only $13 million in capita to absorb further loan losses. The bank had a Texas ratiok of518 percent.
The ratio is a measure of a bank’s nonperforming loans and foreclosed real compared against the tangible commonn equity and loan loss reserves of the The calculation, created during the S&L Crisis, is used to roughlyh measure a bank’s health by industry insiders and observers. Nearly everyt Atlanta bank that has failed since Augusr2008 -- the start of the state’s bank failure crisiss -- had a Texas ratilo in excess of 300 percent. Unitefd Community’s buyout is the first by the north Georgiqa lender of afailed Atlanta-arez bank.
The purchase continues a strategy adopted by the bank during thefinanciap boom, when United Community attempted to “ring” Atlanta by buying smallerr rivals throughout the city’s suburbs. United Community Chiecf Financial Officer Rex Schuette saidSouthernh Community’s branches and deposits were the key reasons behind the “It complemented the branches were have in that area and really fillsa out that market for he said. “There’s also a significant amounty ofcore deposits, almost 14,000 customer This is one of the first faile d banks to actually have core customers.
”
Friday, September 23, 2011
Adams wrote resignation letter in January - Portland Business Journal:
vypybiza.wordpress.com
The letter appears to have beendrafter Jan. 21, the day after Adamsw addressed the media about theBreedlove matter. Adamsx did not formally submit theresignatiojn letter. Through a spokesman, Adams declined to comment on theresignatioh letter. “I have takej stock of the big mess Ihave created,” Adamsa wrote. “It is a distraction that this city cannot afforxd at this time ofdeep crisis. So I have resigned as Mayor (Jan. 21) at 3 p.m. Having worked closely with him formany years, I know that Interimn Mayor Randy Leonard will do a greayt job.
” “As I return to private life, immediately ahead for me, I will cooperated fully with any investigation of my dealingd with Beau Breedlove. And I will take time off to reflectg on my poor judgment in thesre matters and to fully learn all the lessonas I need to learn from my In theresignation letter, Adams said Commissioned Randy Leonard had agreed to retain Adams' Late Monday, Leonard confirmed he agreedc in January to retain the mayor's staftf if the mayor resigned. "Wed talked about it, and I said I admirde your staff, I know each one of them and I'cd ask them to he said.
Leonard said he'a glad the matter is "I'm glad he didn't resign and I'm really happty for Sam that this cloud hasbeen lifted," he said. The letterr was released by the attorney generalplate Monday. In the Kroger released a report saying he wouldf not file criminal chargees against Adams over his relationship with formee legislative internBeau Breedlove. Kroger said his investigators "obtainede no evidence that Adams engaged in illegalo sexual intercourse with a committedofficial misconduct, or engaged in theftg by deception." The letter was savecd on a Macbook Pro, belonging to that investigators searched in March.
The letter appears to have beendrafter Jan. 21, the day after Adamsw addressed the media about theBreedlove matter. Adamsx did not formally submit theresignatiojn letter. Through a spokesman, Adams declined to comment on theresignatioh letter. “I have takej stock of the big mess Ihave created,” Adamsa wrote. “It is a distraction that this city cannot afforxd at this time ofdeep crisis. So I have resigned as Mayor (Jan. 21) at 3 p.m. Having worked closely with him formany years, I know that Interimn Mayor Randy Leonard will do a greayt job.
” “As I return to private life, immediately ahead for me, I will cooperated fully with any investigation of my dealingd with Beau Breedlove. And I will take time off to reflectg on my poor judgment in thesre matters and to fully learn all the lessonas I need to learn from my In theresignation letter, Adams said Commissioned Randy Leonard had agreed to retain Adams' Late Monday, Leonard confirmed he agreedc in January to retain the mayor's staftf if the mayor resigned. "Wed talked about it, and I said I admirde your staff, I know each one of them and I'cd ask them to he said.
Leonard said he'a glad the matter is "I'm glad he didn't resign and I'm really happty for Sam that this cloud hasbeen lifted," he said. The letterr was released by the attorney generalplate Monday. In the Kroger released a report saying he wouldf not file criminal chargees against Adams over his relationship with formee legislative internBeau Breedlove. Kroger said his investigators "obtainede no evidence that Adams engaged in illegalo sexual intercourse with a committedofficial misconduct, or engaged in theftg by deception." The letter was savecd on a Macbook Pro, belonging to that investigators searched in March.
Wednesday, September 21, 2011
Man climbs over White House fence, nabbed by Secret Service - Washington Post
kowutoco.wordpress.com
CTV.ca | Man climbs over White House fence, nabbed by Secret Service Washington Post By AP, WASHINGTON รข€" A man climbed over the White House fence near its western entrance gate and ran toward the presidential residence Tuesday evening before he was apprehended by uniformed Secret Service officers, authorities said. No one was injured, ... Man apprehended after climbing fence, running toward White House |
Sunday, September 18, 2011
Minneapolis museum will return looted ancient vase to Italy - Los Angeles Times
vezasid.wordpress.com
Minneapolis Star Tribune (blog) | Minneapolis museum will return looted ancient vase to Italy Los Angeles Times The Minneapolis Institute of Arts announced Thursday that it will return an ancient Greek vase to Italy after determining that it matched a photo Italian police had seized in a crucial 1995 raid on the Swiss warehouse of Giacomo Medici, an antiquities ...! Stolen Ancient Greek Vase Returns to Italy Minneapolis Institute of Arts to return ancient tomb-plundered vase to Italy Minneapolis museum agrees to return ancient vase |
Friday, September 16, 2011
Duke, CFO study: CFOs foresee more job cuts, credit woes - San Francisco Business Times:
1189126qun.blogspot.com
The quarterly Duke University/CFO Magazine Global Business Outlook Surveyaskedx 1,309 CFOs worldwide about their expectationxs for the economy. Theirt answers paint a gloomy picture for the rest ofthe * CFOs in the U.S. and Europe expectedd employment to shrinkby 5.5 percent, with the unemployment rate in the U.S. seen risinyg to perhaps as high as 12 percenf in the next12 months. Employment in Asia is expectex to recedeby 1.
2 “Presumably, government programs will offset some of thesed losses, but even the most optimistic governmenyt forecasts would reduce the losses by only 2 million,” said Campbelll Harvey, founding director of the survey and internationa l business professor at Duke’s Fuqua School of “We’re facing the possibility of another 4 million lost * U.S. and European CFOs foresede capital spending plunging by more than10 percent. In CFOs anticipate a 3 percent decline. * Six in 10 U.S. companieas covered by the survey reported havinf trouble finding credit or acquiring creditr at areasonable rate.
Among those firms encounteringtcredit impediments, 42 percent say the credir markets have gotten worse this year, while 23 percentt say conditions have * Weak consumer demand and the credit markets ranked as the top two external concerne among U.S. chief financial officers, with the federap government’s policies coming in third. Among internal CFOs are losing the most sleep over thei r inability to plan due toeconomiv uncertainty, managing their companies’ capital and liquidity, and maintainingg employee morale.
Despite all the negativr indicators, a majority of the CFOs in the Unitedr States and Asia reported being more optimisti this quarter than they were the previous That was not the casein Europe, wher e only 30 percent of the CFOs said they were more compared to the 31 percent who said they were less “Our survey carries an important message: Don’t put too much weighgt on the ‘soft’ data like consumer confidence. Recovery requireds sustained confidence, and such confidence is forgeed by strongereconomic fundamentals,” Harvey said.
“The economic fundamentals –- employment, capital spending, the cost of credi t – are still fundamentallyg troubling.” To see the complete survey results, go to the official Web site, .
The quarterly Duke University/CFO Magazine Global Business Outlook Surveyaskedx 1,309 CFOs worldwide about their expectationxs for the economy. Theirt answers paint a gloomy picture for the rest ofthe * CFOs in the U.S. and Europe expectedd employment to shrinkby 5.5 percent, with the unemployment rate in the U.S. seen risinyg to perhaps as high as 12 percenf in the next12 months. Employment in Asia is expectex to recedeby 1.
2 “Presumably, government programs will offset some of thesed losses, but even the most optimistic governmenyt forecasts would reduce the losses by only 2 million,” said Campbelll Harvey, founding director of the survey and internationa l business professor at Duke’s Fuqua School of “We’re facing the possibility of another 4 million lost * U.S. and European CFOs foresede capital spending plunging by more than10 percent. In CFOs anticipate a 3 percent decline. * Six in 10 U.S. companieas covered by the survey reported havinf trouble finding credit or acquiring creditr at areasonable rate.
Among those firms encounteringtcredit impediments, 42 percent say the credir markets have gotten worse this year, while 23 percentt say conditions have * Weak consumer demand and the credit markets ranked as the top two external concerne among U.S. chief financial officers, with the federap government’s policies coming in third. Among internal CFOs are losing the most sleep over thei r inability to plan due toeconomiv uncertainty, managing their companies’ capital and liquidity, and maintainingg employee morale.
Despite all the negativr indicators, a majority of the CFOs in the Unitedr States and Asia reported being more optimisti this quarter than they were the previous That was not the casein Europe, wher e only 30 percent of the CFOs said they were more compared to the 31 percent who said they were less “Our survey carries an important message: Don’t put too much weighgt on the ‘soft’ data like consumer confidence. Recovery requireds sustained confidence, and such confidence is forgeed by strongereconomic fundamentals,” Harvey said.
“The economic fundamentals –- employment, capital spending, the cost of credi t – are still fundamentallyg troubling.” To see the complete survey results, go to the official Web site, .
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