DAWN.com | Petroplus Shuts 3 Refineries as Credit Freeze Halts Supplies San Francisco Chronicle Petroplus will start shutting its French Petit Couronne refinery, the Antwerp plant in Belgium and Switzerland's Cressier complex in January, the company said today in a statement. The sites have a combined processing capacity of 337300 barrels of ... Petroplus shuts 3 oil refineries as cash runs out Credit crunch prompts Petroplus to shut refineries Oil Refiners Face Alpine Descent |
Saturday, December 31, 2011
Petroplus Shuts 3 Refineries as Credit Freeze Halts Supplies - San Francisco Chronicle
mastering-input.blogspot.com
Thursday, December 29, 2011
BankAtlantic seeks foreclosure on Jupiter site - South Florida Business Journal:
oryzacody.wordpress.com
The Fort Lauderdale-based bank BBX) filed the lawsuit on May 8 in Palm Beacg County Circuit Court against Severnm Jupiter and managing members Patrick McAteet andDouglas J. Wilkins. In Severn Jupiter bought the 2-acrre property, at 1116 Love St. in Jupiter, for $10.54 million. The site is just east of A1A and withi n view ofthe city’s historicalp lighthouse. It includes 2,788 square feet of residential propertyg built in 1955 anda dock, according to countt property records. There is no record of development. Shortly after the purchase, Severn Jupiter obtained a $6.3 milliomn mortgage from BankAtlantic anda $3.7 millionn mortgage from Narberth, Pa.
-based Royal Bank In April 2008, BankAtlantic extended the maturity of the full outstandingt principal of its loan to Marchj 27. The foreclosure also names Royal Bank Wilton Manors-based attorney Richard Zaden, who representzs BankAtlantic in the did not immediately respond to a call seeking comment.
The Fort Lauderdale-based bank BBX) filed the lawsuit on May 8 in Palm Beacg County Circuit Court against Severnm Jupiter and managing members Patrick McAteet andDouglas J. Wilkins. In Severn Jupiter bought the 2-acrre property, at 1116 Love St. in Jupiter, for $10.54 million. The site is just east of A1A and withi n view ofthe city’s historicalp lighthouse. It includes 2,788 square feet of residential propertyg built in 1955 anda dock, according to countt property records. There is no record of development. Shortly after the purchase, Severn Jupiter obtained a $6.3 milliomn mortgage from BankAtlantic anda $3.7 millionn mortgage from Narberth, Pa.
-based Royal Bank In April 2008, BankAtlantic extended the maturity of the full outstandingt principal of its loan to Marchj 27. The foreclosure also names Royal Bank Wilton Manors-based attorney Richard Zaden, who representzs BankAtlantic in the did not immediately respond to a call seeking comment.
Tuesday, December 27, 2011
Price to anchor EyeOpener for WCVB-TV - Boston Business Journal:
idozxun.blogspot.com
Price is set to start co-anchoring the EyeOpenet newscast with Bianca de la Garza on June 8. He will also contribute to breaking news storiees and major event coverage atthe Needham, Mass.-bases TV station. “Randy is the consummatew journalist — dependable, experienced, and universalluy respected. As a competitor, I have always admirefd him and am thrilled he is returning to the air as a memberf ofNewsCenter 5,” said Channel 5’s presidengt and general manager Bill Fine, in a “Randy is a great fit for WCVB and NewsCenter 5.
Adding him to our alreadyg strong team of journalists will further enhance the qualitu of news we deliver to New England Priceleft /Channel 7, Boston’s locap affiliate, earlier this There, he had been an anchor and reporter. Durin g Price’s 20-plus years in TV he has won multiple awards, including a national Edwarsd R. Murrow award for best “WCVB is the gold standard for localbroadcast news; it is such an honord for me to join the team.
I am ecstativc to become part of one of the most renowned televisioj stations inthe country, not only for news and but for community service, innovation and the abilityt to truly make a difference in people’sa lives,” said Price in a statement. Current Eye-opener anchoe David Brown will serve asa fill-in weathet anchor and reporter at the
Price is set to start co-anchoring the EyeOpenet newscast with Bianca de la Garza on June 8. He will also contribute to breaking news storiees and major event coverage atthe Needham, Mass.-bases TV station. “Randy is the consummatew journalist — dependable, experienced, and universalluy respected. As a competitor, I have always admirefd him and am thrilled he is returning to the air as a memberf ofNewsCenter 5,” said Channel 5’s presidengt and general manager Bill Fine, in a “Randy is a great fit for WCVB and NewsCenter 5.
Adding him to our alreadyg strong team of journalists will further enhance the qualitu of news we deliver to New England Priceleft /Channel 7, Boston’s locap affiliate, earlier this There, he had been an anchor and reporter. Durin g Price’s 20-plus years in TV he has won multiple awards, including a national Edwarsd R. Murrow award for best “WCVB is the gold standard for localbroadcast news; it is such an honord for me to join the team.
I am ecstativc to become part of one of the most renowned televisioj stations inthe country, not only for news and but for community service, innovation and the abilityt to truly make a difference in people’sa lives,” said Price in a statement. Current Eye-opener anchoe David Brown will serve asa fill-in weathet anchor and reporter at the
Sunday, December 25, 2011
Filene
ysynut.wordpress.com
An auction was to have begun at9 a.m. Friday, a week after the bankrupty discount retailer was sold to an affiliate of Men’s Wearhouse (NYSE:MW) in a biddinh war that lasted several hours. Limite d and formal objections tothat $67 million deal have since been filexd in Delaware bankruptcy court, prompting a judge to send the chain back for auction again. Among thosre objecting to the sale is Crown the company that was first in line tobuy Filene’s The company in a filint this week claimed the Men’ Wearhouse transaction didn’t follow bidding procedures and described the auction itself as “sa travesty.
” Crown claimed that Men’s Wearhouse originallg said it had no interest in buying Filene’sz assets through an outright sale, but as part of a Crown said Men’s Wearhouse later swooped in with a bid that was fileds after a court deadline. The new auctionh was to have begun at9 a.m. Friday. A heariny following the auction is scheduledfor 12:30 according to court documents. Filene’s Basement soughf protection from creditors in May in Delaware bankruptcy months after closingseveral stores. Columbus-based Retail Ventures Inc. (NYSE: RVI), which maintainxs a majority stake in discount shoe retailerrDSW Inc.
(NYSE:DSW), sold the chainb this year to FB IIAcquisitioh Corp., a new entity owned by liquidatiohn and turnaround firm Buxbaum Group.
An auction was to have begun at9 a.m. Friday, a week after the bankrupty discount retailer was sold to an affiliate of Men’s Wearhouse (NYSE:MW) in a biddinh war that lasted several hours. Limite d and formal objections tothat $67 million deal have since been filexd in Delaware bankruptcy court, prompting a judge to send the chain back for auction again. Among thosre objecting to the sale is Crown the company that was first in line tobuy Filene’s The company in a filint this week claimed the Men’ Wearhouse transaction didn’t follow bidding procedures and described the auction itself as “sa travesty.
” Crown claimed that Men’s Wearhouse originallg said it had no interest in buying Filene’sz assets through an outright sale, but as part of a Crown said Men’s Wearhouse later swooped in with a bid that was fileds after a court deadline. The new auctionh was to have begun at9 a.m. Friday. A heariny following the auction is scheduledfor 12:30 according to court documents. Filene’s Basement soughf protection from creditors in May in Delaware bankruptcy months after closingseveral stores. Columbus-based Retail Ventures Inc. (NYSE: RVI), which maintainxs a majority stake in discount shoe retailerrDSW Inc.
(NYSE:DSW), sold the chainb this year to FB IIAcquisitioh Corp., a new entity owned by liquidatiohn and turnaround firm Buxbaum Group.
Friday, December 23, 2011
Abercrombie shutting struggling Ruehl chain - Business Courier of Cincinnati:
modestofyeyko.blogspot.com
The New Albany-based apparel merchant said Wednesday it willshut Ruehl’ s 29 stores and direct-to-consumer operationw and will be “substantially complete” with the effort by the end of next The decision comes a month afterf Abercrombie (NYSE:ANF) took a deep strategic look at the which targets young adults with clothesd and accessories. Ruehl, whose only Ohio store is at EastomTown Center, generated a pretacx operating loss of $58 million last year. The chain regularly was Abercrombie’s weakesyt sales performer at stores open at least a year. Ruehl’s same-storre sales were off 33 percentin May. Abercrombie earnedc $272.3 million on $3.
534 billion in revenue last year. “It has been a difficult decisionm toclose Ruehl, a brand we continu to believe could have been successfull in different circumstances,” CEO Michael Jeffries said in a statement. given the current economic we believe it is in the best interests of the companty to focus its efforts and resources on the growtb opportunities afforded by ourother brands, particularly internationally.
” The company didn’tr disclose the effects on the chain’sa work force, nor did it indicate the number of jobs tied to The review of Ruehl, which opened in cost the company about $51 millionb in impairment charges in its first Abercrombie expects to book about $65 milliojn in pretax charges through the rest of the fiscak year as it winds down The company Wednesday also said it amended a credit agreement to exclude some Ruehl-related charges from requirementz under its covenant with the lender and reduced its available credit to $350 million from $450 Jeffries said the company is confident is has sufficientr cash on hand but “w e believe it is prudent to make these changes” in light of the recession-battere retail environment and the one-time Ruehl costs.
In additiomn to the 29 Ruehl stores, Abercrombie runs 350 flagship stores and 733 others undethe Abercrombie, Hollister Co. and Gilly Hickd nameplates.
The New Albany-based apparel merchant said Wednesday it willshut Ruehl’ s 29 stores and direct-to-consumer operationw and will be “substantially complete” with the effort by the end of next The decision comes a month afterf Abercrombie (NYSE:ANF) took a deep strategic look at the which targets young adults with clothesd and accessories. Ruehl, whose only Ohio store is at EastomTown Center, generated a pretacx operating loss of $58 million last year. The chain regularly was Abercrombie’s weakesyt sales performer at stores open at least a year. Ruehl’s same-storre sales were off 33 percentin May. Abercrombie earnedc $272.3 million on $3.
534 billion in revenue last year. “It has been a difficult decisionm toclose Ruehl, a brand we continu to believe could have been successfull in different circumstances,” CEO Michael Jeffries said in a statement. given the current economic we believe it is in the best interests of the companty to focus its efforts and resources on the growtb opportunities afforded by ourother brands, particularly internationally.
” The company didn’tr disclose the effects on the chain’sa work force, nor did it indicate the number of jobs tied to The review of Ruehl, which opened in cost the company about $51 millionb in impairment charges in its first Abercrombie expects to book about $65 milliojn in pretax charges through the rest of the fiscak year as it winds down The company Wednesday also said it amended a credit agreement to exclude some Ruehl-related charges from requirementz under its covenant with the lender and reduced its available credit to $350 million from $450 Jeffries said the company is confident is has sufficientr cash on hand but “w e believe it is prudent to make these changes” in light of the recession-battere retail environment and the one-time Ruehl costs.
In additiomn to the 29 Ruehl stores, Abercrombie runs 350 flagship stores and 733 others undethe Abercrombie, Hollister Co. and Gilly Hickd nameplates.
Wednesday, December 21, 2011
Peabody, Shanxi Lu
obofym.wordpress.com
The Shaxi Mine, which is under has the potential to expand to 15 million tons or more per year in line with the developmenyt of a new rail project that would serve electricith customers and other industrial users in Centrao andEastern China. In the coming the companies said they plan to conducrt a feasibility study to evaluate technical requirements for next phases of which also includes other coal reserves in the region owned by Lu’an. “China is leading the worldd in industrial growth and fuelin g its progresswith coal,” said Peabody Energy Chairman and Chieft Executive Gregory Boyce in a statement.
“Peabody has a growintg presence in Asia and seeks to partnetin world-class coal projects to fuel long-terj energy needs …” Peabody has an expanding presencs in China and is the only non-Chinese partner in a near-zero emissions power project in Tianjin. The company is pursuingv multiple partnerships in Asia that include a large surfacse mine and downstream coal conversion facilith with the government ofInner Mongolia, Chinz and other partners; and projects in which include the Peabody-Polo Resources joinf venture. China is the fastest-growing coal market in the using coal to fuel 80 percentr ofits electricity.
China is expected to nearlyg double its electricity consumptionby 2015. Lu’aj had $5 billion in revenue in 2008. Peabody Energy (NYSE: BTU) is the world’s largestg private-sector coal company, with revenure of $6.6 billion in 2008. Its coal product s fuel 10 percent ofall U.S. electricityh generation and 2 percent ofworldwide
The Shaxi Mine, which is under has the potential to expand to 15 million tons or more per year in line with the developmenyt of a new rail project that would serve electricith customers and other industrial users in Centrao andEastern China. In the coming the companies said they plan to conducrt a feasibility study to evaluate technical requirements for next phases of which also includes other coal reserves in the region owned by Lu’an. “China is leading the worldd in industrial growth and fuelin g its progresswith coal,” said Peabody Energy Chairman and Chieft Executive Gregory Boyce in a statement.
“Peabody has a growintg presence in Asia and seeks to partnetin world-class coal projects to fuel long-terj energy needs …” Peabody has an expanding presencs in China and is the only non-Chinese partner in a near-zero emissions power project in Tianjin. The company is pursuingv multiple partnerships in Asia that include a large surfacse mine and downstream coal conversion facilith with the government ofInner Mongolia, Chinz and other partners; and projects in which include the Peabody-Polo Resources joinf venture. China is the fastest-growing coal market in the using coal to fuel 80 percentr ofits electricity.
China is expected to nearlyg double its electricity consumptionby 2015. Lu’aj had $5 billion in revenue in 2008. Peabody Energy (NYSE: BTU) is the world’s largestg private-sector coal company, with revenure of $6.6 billion in 2008. Its coal product s fuel 10 percent ofall U.S. electricityh generation and 2 percent ofworldwide
Sunday, December 18, 2011
Jacob's Pillow Announces Its Summer Slate - New York Times
vypybiza.wordpress.com
Jacob's Pillow Announces Its Summer Slate New York Times Jacob's Pillow will put on a weeklong homage to the choreography of its founder, Ted Shawn, as part of an unusual and ambitious lineup for its 80th summer dance festival in Becket, Mass. The rotating cast for the series of performances of Shawn's work ... |
Friday, December 16, 2011
Dance St. Louis wins grant to bring dance to other communities - St. Louis Business Journal:
ulyanaimiiurebor.blogspot.com
Each organization will select a site in each state and dancse companies for touring in the effort to bring dancd toother communities, Dance St. Louisd said Monday. The project will potentially continur into athird year, doublingh the number of new dance presenterws and performance opportunities across the “Much too often, organizations function in a vacuum and are drivebn simply by a passion,” Michael Uthoff, artistivc and executive director of Dance St. Louis, said in a “With this partnership, the three of us already committed to dance are coming togethedr toassist others, removing apprehensions and fearas while expanding the presentiny and viewing of dance attractions.
” The Doris Duke Charitabl Foundation works to improve the qualitu of people’s lives through grants supporting the performing environmental conservation, medical research and the preventioh of child maltreatment.
Each organization will select a site in each state and dancse companies for touring in the effort to bring dancd toother communities, Dance St. Louisd said Monday. The project will potentially continur into athird year, doublingh the number of new dance presenterws and performance opportunities across the “Much too often, organizations function in a vacuum and are drivebn simply by a passion,” Michael Uthoff, artistivc and executive director of Dance St. Louis, said in a “With this partnership, the three of us already committed to dance are coming togethedr toassist others, removing apprehensions and fearas while expanding the presentiny and viewing of dance attractions.
” The Doris Duke Charitabl Foundation works to improve the qualitu of people’s lives through grants supporting the performing environmental conservation, medical research and the preventioh of child maltreatment.
Wednesday, December 14, 2011
WiMAX slated for Houston - Houston Business Journal:
pifogyxat.blogspot.com
WiMAX technology allows wireless service at much fastert speeds than3G networks. As part of the Kirkland, Wash.-based Clearwire (NASDAQ: CLWR) said that San Jose, Calif.-baseds Cisco (NASDAQ: CSCO) will provide core infrastructurefor Clearwire’ds national network and build new mobile devices compatiblew with Clearwire’s Clear 4G mobile WiMAXc service. Financial terms of the alliance weren’t disclosed. The two companiew will work to expand WiMAX services throughout theUniteds States. The multiyear network build-outr plan putting Clearwire's Clear 4G mobile service in more than80 U.S. marketsd by the end of 2010.
Cisco aims to introducew its first mobile WiMAX device laterthis year. Clearwire currently providex mobile WiMAX services in Baltimoreand Ore. The company expects to spend $1.5 billionm to $1.9 billion this year of the morethan $3 billioh it received from investors to launch WiMAX this year in citiesz such as Atlanta, Las Chicago, Dallas/Fort Worth, Honolulu, Philadelphi a and Seattle. Launches next year are expected inNew York, Washington, Houston and the San Francisco If it succeeds, WiMAX will reac as many as 120 million people by 2010.
WiMAX technology allows wireless service at much fastert speeds than3G networks. As part of the Kirkland, Wash.-based Clearwire (NASDAQ: CLWR) said that San Jose, Calif.-baseds Cisco (NASDAQ: CSCO) will provide core infrastructurefor Clearwire’ds national network and build new mobile devices compatiblew with Clearwire’s Clear 4G mobile WiMAXc service. Financial terms of the alliance weren’t disclosed. The two companiew will work to expand WiMAX services throughout theUniteds States. The multiyear network build-outr plan putting Clearwire's Clear 4G mobile service in more than80 U.S. marketsd by the end of 2010.
Cisco aims to introducew its first mobile WiMAX device laterthis year. Clearwire currently providex mobile WiMAX services in Baltimoreand Ore. The company expects to spend $1.5 billionm to $1.9 billion this year of the morethan $3 billioh it received from investors to launch WiMAX this year in citiesz such as Atlanta, Las Chicago, Dallas/Fort Worth, Honolulu, Philadelphi a and Seattle. Launches next year are expected inNew York, Washington, Houston and the San Francisco If it succeeds, WiMAX will reac as many as 120 million people by 2010.
Monday, December 12, 2011
He's a good running back. - ESPN
haygoodfoafyga1359.blogspot.com
USA Today | He's a good running back. ESPN "He's a good running back ... He does a good job for them," Urlacher told reporters when asked about Tebow. When asked what he thought of the passing of Tebow, who was 21-of-40 for 236 yards with a touchdown and an interception, Urlacher praised ... Urlacher on Tebow: 'H e's a good running back' Tebow proving good guys do finish first Week 14 thoughts: Blaming Bears' loss on play c » |
Saturday, December 10, 2011
Ten banks allowed to repay TARP funds - Silicon Valley / San Jose Business Journal:
pabigy.wordpress.com
The Treasury Department did not name the 10 but said they were being approved for early repayment of the federal bailout funds under the Troubled Asset ReliefProgra (TARP) because the so-called stresd tests performed by the government revealed they were healthy enough to pay back the The department said the institutions have met the requirements for repayment establisheds by federal banking supervisors.
It notedc that many banks recently have raised equityh capital from private investors and haveissuesd long-term debt that is not guaranteed by the “These repayments are an encouraging sign of financial repair, but we stillo have work to do,” Treasuryt Secretary Tim Geithner said. More than 600 banks received a totap ofnearly $200 billion through the department’s Capital Purchases Program. About $2 billion of this moneyt was paidback previously. Under the program, bankes that repay their preferred stoco can repurchase the warrants that the TreasurytDepartment holds. Besides the proceedsd from the sales ofthe warrants, the departmenf also has received $4.
5 billion in dividend paymentas from program participants. Proceeds from the repayments to go theTreasurh Department’s general fund. They can be used to reduce the nationalo debt and can serve as a cushion in case the departmenr needs to respond to financial emergencied inthe future, the department said. The list of 10 bankd was not publicly disclosed, but many of the banks confirmesd separately in press releases that they receivec approval to buy back preferred shares sold to thefederak government, including two bankds with sizable Milwaukee-area presences: (NYSE: USB) and J.P. Morgan Chasr (NYSE: JPM). U.S. Bank was cleared to repay $6.
6 billion in TARP funds and Chase was approved to repahyall $25 billion in TARP funds it Locally based banks that received TARP fundd include and of Milwaukee, of Menomonee Falls and in Brookfield. M&I, the Milwaukee-area' s largest bank, was not amonbg the list of 10 banks approved to repay its TARP according tomedia reports. M&I said in May that it begab to sell stock in a sale that could raisr as muchas $350 million in proceeds, part of which the bank said it may use to repay a portion of the $1.7 billion capital infusion it received in November 2008 undedr TARP if approved by regulators.
The Treasury Department did not name the 10 but said they were being approved for early repayment of the federal bailout funds under the Troubled Asset ReliefProgra (TARP) because the so-called stresd tests performed by the government revealed they were healthy enough to pay back the The department said the institutions have met the requirements for repayment establisheds by federal banking supervisors.
It notedc that many banks recently have raised equityh capital from private investors and haveissuesd long-term debt that is not guaranteed by the “These repayments are an encouraging sign of financial repair, but we stillo have work to do,” Treasuryt Secretary Tim Geithner said. More than 600 banks received a totap ofnearly $200 billion through the department’s Capital Purchases Program. About $2 billion of this moneyt was paidback previously. Under the program, bankes that repay their preferred stoco can repurchase the warrants that the TreasurytDepartment holds. Besides the proceedsd from the sales ofthe warrants, the departmenf also has received $4.
5 billion in dividend paymentas from program participants. Proceeds from the repayments to go theTreasurh Department’s general fund. They can be used to reduce the nationalo debt and can serve as a cushion in case the departmenr needs to respond to financial emergencied inthe future, the department said. The list of 10 bankd was not publicly disclosed, but many of the banks confirmesd separately in press releases that they receivec approval to buy back preferred shares sold to thefederak government, including two bankds with sizable Milwaukee-area presences: (NYSE: USB) and J.P. Morgan Chasr (NYSE: JPM). U.S. Bank was cleared to repay $6.
6 billion in TARP funds and Chase was approved to repahyall $25 billion in TARP funds it Locally based banks that received TARP fundd include and of Milwaukee, of Menomonee Falls and in Brookfield. M&I, the Milwaukee-area' s largest bank, was not amonbg the list of 10 banks approved to repay its TARP according tomedia reports. M&I said in May that it begab to sell stock in a sale that could raisr as muchas $350 million in proceeds, part of which the bank said it may use to repay a portion of the $1.7 billion capital infusion it received in November 2008 undedr TARP if approved by regulators.
Thursday, December 8, 2011
Boeing bonuses to give a little boost to local economy - The Seattle Times
ukatekexo.wordpress.com
Politico | Boeing bonuses to give a little boost to local economy The Seattle Times The $5000 signing bonuses in the new Boeing contract will make for some extra-nice holidays for the families of Machinists union members, and likely for at least some area retailers. But the payouts probably won't have ... Machinists vote Wednesday on co ntract extension that could give Boeing years ... Boeing workers approve 4-year contract extension Boeing Machinists Face 'Leap of Faith' in Landmark Wage Vote |
Monday, December 5, 2011
CAPITOL BRIEFINGS: Wrangling continues over changes to workers' comp - Crain's Detroit Business
yzirapogyg.wordpress.com
CAPITOL BRIEFINGS: Wrangling continues over changes to workers' comp Crain's Detroit Business LANSING -- For a couple of months, business and labor, and Democrats and Republicans, have squared off over a wide-ranging workers' compensation bill in the Legislature. And as the business-backed bill heads toward action in the session's final weeks, ... |
Hawaii perfectly placed to watch the December 10th total lunar eclipse Hawaii Health Guide Lunar eclipses have a rich role in history. According to Chinese folklore a dragon ate the moon during a lunar eclipse, and Christopher Columbus used a lunar eclipse in 1504 to scare the Jamaicans into giving him and his men ... |
Thursday, December 1, 2011
CoBiz posts $16M Q2 loss, begins stock sale - The Business Journal of Milwaukee:
gault-rickettsias.blogspot.com
million, or 72 cents per share, in the seconsd quarter, as the weak economy continuedc to exact a toll on the officialssaid Monday. The loss compares with a profitof $4.2 or 18 cents per share, in the same quartedr a year earlier. Denver-based CoBiz (NASDAQ: COBZ) owns and Arizonqa Business Bank. The latest quarter’s results includd a $35.1 million pre-tax provision for loan and credi losses, or 150 percent of net charge-offws — which were $23.4 million for the period.
“We continue to take a conservativs posture in our provisioning forloan losses,” Chairmanh and CEO Steve Bangert said in a “Our second quarter provision brings our allowancew to loan ratio to nearly 3.9 one of the strongest in the industry. While I remainn confident in oursenior management’es ability to effectively respond to the current credigt obstacles, we felt it was prudent to continu building the allowance given the uncertainty in the economy.” Nonperforming assets ended the quarter at $93.9 million, or 3.7 percenty of total assets, up from $52.65 million or 2 percent of totaol assets on March 31.
Separately on Monday, CoBisz said it had begun a sale ofabou $45 million of its common stock. It will use the proceeds for general corporate including supporting the capital needs of itsbank subsidiary, expanding possible acquisitions and working capital needs. Last CoBiz announced it had hired Colorado and Arizonqamarket presidents, , to oversee bankingh operations in each market. “We remain focusecd on building our franchise durinhg these challenging times and want to ensurd we are positioned to take advantagde of unique market opportunities that we expecy willpresent themselves,” Bangert said.
“Too that end, we recentlyt announced the hiring of Coloradpo and Arizona market presidentw who will oversee all banking operationx in theirrespective markets, provide direction for future growth and free up some of our existinf resources to focus on high quality business development opportunities. We will also continue to dedicate appropriate resources througbh our Special Assets Group to address resolution ofproblemj loans.
”
million, or 72 cents per share, in the seconsd quarter, as the weak economy continuedc to exact a toll on the officialssaid Monday. The loss compares with a profitof $4.2 or 18 cents per share, in the same quartedr a year earlier. Denver-based CoBiz (NASDAQ: COBZ) owns and Arizonqa Business Bank. The latest quarter’s results includd a $35.1 million pre-tax provision for loan and credi losses, or 150 percent of net charge-offws — which were $23.4 million for the period.
“We continue to take a conservativs posture in our provisioning forloan losses,” Chairmanh and CEO Steve Bangert said in a “Our second quarter provision brings our allowancew to loan ratio to nearly 3.9 one of the strongest in the industry. While I remainn confident in oursenior management’es ability to effectively respond to the current credigt obstacles, we felt it was prudent to continu building the allowance given the uncertainty in the economy.” Nonperforming assets ended the quarter at $93.9 million, or 3.7 percenty of total assets, up from $52.65 million or 2 percent of totaol assets on March 31.
Separately on Monday, CoBisz said it had begun a sale ofabou $45 million of its common stock. It will use the proceeds for general corporate including supporting the capital needs of itsbank subsidiary, expanding possible acquisitions and working capital needs. Last CoBiz announced it had hired Colorado and Arizonqamarket presidents, , to oversee bankingh operations in each market. “We remain focusecd on building our franchise durinhg these challenging times and want to ensurd we are positioned to take advantagde of unique market opportunities that we expecy willpresent themselves,” Bangert said.
“Too that end, we recentlyt announced the hiring of Coloradpo and Arizona market presidentw who will oversee all banking operationx in theirrespective markets, provide direction for future growth and free up some of our existinf resources to focus on high quality business development opportunities. We will also continue to dedicate appropriate resources througbh our Special Assets Group to address resolution ofproblemj loans.
”
Tuesday, November 29, 2011
Chinese VP meets with Myanmar armed forces chief amid concerns over Mekong ... - Washington Post
acklinegymejac1362.blogspot.com
The Age | Chinese VP meets with Myanmar armed forces chief amid concerns over Mekong ... Washington Post BEIJING â€" China's vice president met Monday with the head of Myanmar's armed forces amid concerns over the safety of shipping on the Mekong River and just days before a breakthrough visit to the long-isolated country by US Secretary of State Hillary ... Beijing -Naypyidaw Summit, ahead of Clinton's historic visit to Myanmar China VP meets with Burma armed forces chief |
Sunday, November 27, 2011
Warren Buffett sells remaining Constellation shares - Minneapolis / St. Paul Business Journal:
ycoguqi.wordpress.com
Buffett, his company (NYSE: BRK.A, and that company’s subsidiarhy , are each no longer stockholderss inConstellation (NYSE: CEG), according to a form with the Securitied and Exchange Commission filed Monday. They have been slowlh divesting the stock over the past weeks and owning 7.3 percent in February and 6.3 percent last The sale ends the relationshipp between the investor and Constellation, one of two Fortune 500 companies in Baltimore City. Iowa-based MidAmericann got a 10 percent stakee in Constellation whenits $4.7 billion bid for the companyt made in September was rejectefd three months late.
That offer came afterd a cash crunch led to a steep declindin Constellation’s stock price over several days and some investors feared Constellation spurned the offer in favor of a deal to sell 49.99 percen t of its nuclear business for $4.5 billion to French firm , whic h had also been in the biddintg for the company in September. For the Constellation had to pay $175 million in breakup fees and $418 millio for stocks. It also had to repay a $1 billion loan from Buffetrt with 14percent interest.
A decisiobn on whether the deal with EDF requires Maryland approval is expected in a The deal is expected to closethis
Buffett, his company (NYSE: BRK.A, and that company’s subsidiarhy , are each no longer stockholderss inConstellation (NYSE: CEG), according to a form with the Securitied and Exchange Commission filed Monday. They have been slowlh divesting the stock over the past weeks and owning 7.3 percent in February and 6.3 percent last The sale ends the relationshipp between the investor and Constellation, one of two Fortune 500 companies in Baltimore City. Iowa-based MidAmericann got a 10 percent stakee in Constellation whenits $4.7 billion bid for the companyt made in September was rejectefd three months late.
That offer came afterd a cash crunch led to a steep declindin Constellation’s stock price over several days and some investors feared Constellation spurned the offer in favor of a deal to sell 49.99 percen t of its nuclear business for $4.5 billion to French firm , whic h had also been in the biddintg for the company in September. For the Constellation had to pay $175 million in breakup fees and $418 millio for stocks. It also had to repay a $1 billion loan from Buffetrt with 14percent interest.
A decisiobn on whether the deal with EDF requires Maryland approval is expected in a The deal is expected to closethis
Thursday, November 24, 2011
Musical chairs: Milwaukee arts groups see leadership changes - The Business Journal of Milwaukee:
http://paullechien.com/how-to-find-art-related-jobs.html
The , the , the Milwaukeed Chamber Theatre and the have seen changee of their top business leaders in thepast year, whilr key executives at the and the have left or are preparing to leav their posts. The also is under new leadershipp after a year without a All thischange isn't necessarily bad, said Cristy herself new at her job since becoming presidenr of the United Performing Arts Fund in She believes turnover at the top in the arts industrh can spur creativity and growt as new leaders reconsider strategies and operations.
"It's an opportunitt to create different relationships," Garcia-Thomas Milwaukee's arts industry remains healthy, she said, in part because of diversre leadership that includes local veterans such as Tim Shieldas at the and Rob Goodmanat . The new leadershipl also doesn't reflect newcomers. Dennis Buehler was named executivee director of the Milwaukee Ballet in July vacating the same position at the Sharon Lynnd Wilson Center for the Artsin Brookfield. Jonathan a local arts executive who has serveds with the and the Milwaukere Institute ofArt & replaced Buehler at Sharojn Lynne Wilson.
MIAD recently hirex national arts education institution veteran Neil Hoffmanhas president, the only Milwaukee newcomer among the new Meanwhile, Milwaukee native David former director of marketing and corporatwe giving for a California nonprofit, has fillesd a long-vacant managing director position at the Milwaukes Chamber Theatre. Buehler said such changs is routine for the industry hereand "It's just the nature of thesee kinds of nonprofits," he said. Buehler's position at the Milwaukese Ballet has been restructured from the post held by formee executive directorAmy Marshall.
The job now includes a greater focuz on fundraising and while delegating some financial and operationsx management to a newly hiredbusinessz manager. The arrangement frees up artistic directofr Michael Pink to focus on theartistic side, givint up some "general director" duties he took on in the Buehler said. The move from the Wilsonh Center to the Ballet came at a turning pointr in theWilson Center's history. The organization recently acquired its building from the city of While the center still carries some debt from developmen t ofthe $13.
5 million facility, which openefd in January 2002, new executive director Jonathan Winklee said he will primarily focuw on strategy and development of Winkle most recently served as vice president for institutionapl advancement at MIAD, but he also has been executived director of the Knoxville (Tenn.) Symphony Orchestra, and vice presidenr of community engagement for the Milwauked Symphony Orchestra. Winkle said he will work specifically on solidifyin g theWilson Center's stature as a suburban centetr for performance, education and visual making it a key feature of the arts community betweenb Milwaukee and Madison.
Part of that task will be to strengthe the Wilson Center brand by elevating theWilson Center'zs own presenting series and by refining educational The center wants to "dispell the notion that education in the arts is only for Winkle said. The center's relative novelt y remains a challenge. "Therer are many, many people who know nothinvg aboutthe center," he David Todd, new managing director at the Chambef Theatre, most recently worked as director of marketinh and corporate giving for the Susan G. Komen for the Cure affiliatd inOrange County, Calif.
His prioe experience includes marketing managefr for in Los Atthe Chamber, his responsibilities will include buildinh the donor and audience base through the expansion of sponsorships, he said. "Ther biggest challenge I'm facing is funding sources," Todd New leaders have yet to be namexd for two other major arts the Milwaukee Art Museum and the SkylightOpera Theatre. In May David Gordon announced he will retiree from the Milwaukee Art Museuby March. And Christopher Libby left the Skylight last June to becom e managing director ofthe .
Skylight marketing director Valeriew Woods saidthe board's search committee is taking time to find the righ fit for the Skylight, which blendsd opera and musical theater. EDITOR'S NOTE: Aftedr deadline for this article, the Milwaukese Art Museum announced , executive directo r of the San Jose Museumof Art, as the successor to David Gordon.
The , the , the Milwaukeed Chamber Theatre and the have seen changee of their top business leaders in thepast year, whilr key executives at the and the have left or are preparing to leav their posts. The also is under new leadershipp after a year without a All thischange isn't necessarily bad, said Cristy herself new at her job since becoming presidenr of the United Performing Arts Fund in She believes turnover at the top in the arts industrh can spur creativity and growt as new leaders reconsider strategies and operations.
"It's an opportunitt to create different relationships," Garcia-Thomas Milwaukee's arts industry remains healthy, she said, in part because of diversre leadership that includes local veterans such as Tim Shieldas at the and Rob Goodmanat . The new leadershipl also doesn't reflect newcomers. Dennis Buehler was named executivee director of the Milwaukee Ballet in July vacating the same position at the Sharon Lynnd Wilson Center for the Artsin Brookfield. Jonathan a local arts executive who has serveds with the and the Milwaukere Institute ofArt & replaced Buehler at Sharojn Lynne Wilson.
MIAD recently hirex national arts education institution veteran Neil Hoffmanhas president, the only Milwaukee newcomer among the new Meanwhile, Milwaukee native David former director of marketing and corporatwe giving for a California nonprofit, has fillesd a long-vacant managing director position at the Milwaukes Chamber Theatre. Buehler said such changs is routine for the industry hereand "It's just the nature of thesee kinds of nonprofits," he said. Buehler's position at the Milwaukese Ballet has been restructured from the post held by formee executive directorAmy Marshall.
The job now includes a greater focuz on fundraising and while delegating some financial and operationsx management to a newly hiredbusinessz manager. The arrangement frees up artistic directofr Michael Pink to focus on theartistic side, givint up some "general director" duties he took on in the Buehler said. The move from the Wilsonh Center to the Ballet came at a turning pointr in theWilson Center's history. The organization recently acquired its building from the city of While the center still carries some debt from developmen t ofthe $13.
5 million facility, which openefd in January 2002, new executive director Jonathan Winklee said he will primarily focuw on strategy and development of Winkle most recently served as vice president for institutionapl advancement at MIAD, but he also has been executived director of the Knoxville (Tenn.) Symphony Orchestra, and vice presidenr of community engagement for the Milwauked Symphony Orchestra. Winkle said he will work specifically on solidifyin g theWilson Center's stature as a suburban centetr for performance, education and visual making it a key feature of the arts community betweenb Milwaukee and Madison.
Part of that task will be to strengthe the Wilson Center brand by elevating theWilson Center'zs own presenting series and by refining educational The center wants to "dispell the notion that education in the arts is only for Winkle said. The center's relative novelt y remains a challenge. "Therer are many, many people who know nothinvg aboutthe center," he David Todd, new managing director at the Chambef Theatre, most recently worked as director of marketinh and corporate giving for the Susan G. Komen for the Cure affiliatd inOrange County, Calif.
His prioe experience includes marketing managefr for in Los Atthe Chamber, his responsibilities will include buildinh the donor and audience base through the expansion of sponsorships, he said. "Ther biggest challenge I'm facing is funding sources," Todd New leaders have yet to be namexd for two other major arts the Milwaukee Art Museum and the SkylightOpera Theatre. In May David Gordon announced he will retiree from the Milwaukee Art Museuby March. And Christopher Libby left the Skylight last June to becom e managing director ofthe .
Skylight marketing director Valeriew Woods saidthe board's search committee is taking time to find the righ fit for the Skylight, which blendsd opera and musical theater. EDITOR'S NOTE: Aftedr deadline for this article, the Milwaukese Art Museum announced , executive directo r of the San Jose Museumof Art, as the successor to David Gordon.
Tuesday, November 22, 2011
Marine Corps assignments varied for Girardin - Rockdale Citizen
grihanovveimavox.blogspot.com
Marine Corps assignments varied for Girardin Rockdale Citizen Seven of the 10 boys entered military service: three in the Marine Corps, three in the Navy, and one in the Army. "Our brother in the Army caught the worst of it at family reunions," Girardin said with a grin. ... |
Sunday, November 20, 2011
Todd Shipyards Q4 income sinks - Puget Sound Business Journal (Seattle):
ivyhofy.wordpress.com
million, or 28 cents per dilutee share, from $3.5 or 63 cents a share a year earlier. Revenue fell to $33.2 million from $36.3 milliomn in 2008. For fiscal 2009, net income fell to $4.8 or 83 cents per diluted from $6.6 million, or $1.16 per share in 2008. Revenue fell to $113.5 million from $139.2 million a year The sole analyst who covers the companhyexpected fourth-quarter earnings of 21 centd per share and revenue of $26.u8 million, and fiscal 2009 earnings of 75 cents per share and revenuew of $107.1 million.
Officials at the Seattlew shipyard (NYSE: TOD) blamed the lower revenues on “lower new constructiomn volumes, lower Navy volumesw due to the lack of amajor (aircraft) carrier and the establishment of a $3.1 millio n reserve during fiscal year 2009 associated with questioned subcontractor costs incurred durinb our 2005 project on the Navy aircraf t carrier USS John C. Stennis.”
million, or 28 cents per dilutee share, from $3.5 or 63 cents a share a year earlier. Revenue fell to $33.2 million from $36.3 milliomn in 2008. For fiscal 2009, net income fell to $4.8 or 83 cents per diluted from $6.6 million, or $1.16 per share in 2008. Revenue fell to $113.5 million from $139.2 million a year The sole analyst who covers the companhyexpected fourth-quarter earnings of 21 centd per share and revenue of $26.u8 million, and fiscal 2009 earnings of 75 cents per share and revenuew of $107.1 million.
Officials at the Seattlew shipyard (NYSE: TOD) blamed the lower revenues on “lower new constructiomn volumes, lower Navy volumesw due to the lack of amajor (aircraft) carrier and the establishment of a $3.1 millio n reserve during fiscal year 2009 associated with questioned subcontractor costs incurred durinb our 2005 project on the Navy aircraf t carrier USS John C. Stennis.”
Friday, November 18, 2011
Thousands grieve for rapper Heavy D - USA Today
ulyanaimiiurebor.blogspot.com
New York Daily News | Thousands grieve for rapper Heavy D USA Today Sean "P. Diddy" Combs attends the viewing and wake service for Heavy D on Thursday at Grace Baptist Church in Mount Vernon,NY Sean "P. Diddy" Combs attends the viewing and wake service for Heavy D on Thursday at Grace Baptist Church in Mount Vernon,NY ... Heavy D's funeral draws music, entertainment notables to Mount Vernon church Obama sends note for Heavy D funeral |
Wednesday, November 16, 2011
Report: Justin Bieber paternity suit dropped - CBS News
titus-neither.blogspot.com
CTV.ca | Report: Justin Bieber paternity suit dropped CBS News TMZ is reporting, without citing sources, that the 20-year-old woman who claimed Bieber fathered her infant son has dropped her paternity lawsuit. Mariah Yeater "quietly dismissed" the lawsuit last week, according to the website. ... Report: Mariah Yeater Drops Paternity S uit Against Justin Bieber Paternity suit against Justin Bieber dropped Grandmommy Issues |
Monday, November 14, 2011
Charlie Baker quitting Harvard Pilgrim - Los Angeles Business from bizjournals:
vilyfijohy.wordpress.com
"Leaving the company is not an easy decisionjfor me, but there is no middle I am either the CEO of Harvard Pilgrim or I’m building a campaign organization. I cannotr do both," Baker said in a statement releasedWednesday morning. In a fairwell Baker thanked Harvard Pilgrim'sw staffers and touted the organization'a successes over the years. "Bugt I also recognize the terrible financial and operational strain that will face state and local government in theyearxs ahead. I know both sectors pretty well — better than I would say — and I believ I can bring ideas, energy and leadership to the taska that face state government in theyears ahead.
” a Republican, is a formerr state secretary of administration and finance. CFO Brucwe Bullen will be interim CEO atHarvard Pilgrim.
"Leaving the company is not an easy decisionjfor me, but there is no middle I am either the CEO of Harvard Pilgrim or I’m building a campaign organization. I cannotr do both," Baker said in a statement releasedWednesday morning. In a fairwell Baker thanked Harvard Pilgrim'sw staffers and touted the organization'a successes over the years. "Bugt I also recognize the terrible financial and operational strain that will face state and local government in theyearxs ahead. I know both sectors pretty well — better than I would say — and I believ I can bring ideas, energy and leadership to the taska that face state government in theyears ahead.
” a Republican, is a formerr state secretary of administration and finance. CFO Brucwe Bullen will be interim CEO atHarvard Pilgrim.
Saturday, November 12, 2011
Refi rally for TexasLending.com - Puget Sound Business Journal (Seattle):
meaning-sarajevo.blogspot.com
As many as 120 loan underwriters, accounting professionals, loan loan closers and clerical positions payingfbetween $30,000 to more than $100,000 a year will be said Kevin Miller, president, CEO and founder of TexasLending.com. The jobs will be added beginningv in August and will be phased in during the next six tonine months, he The company has 160 employeeds now, down from 180 at the peak of the Northh Texas housing boom two yearzs ago. Low mortgage rates and Miller’sa expectation of climbing home sales are spurringthe company’se growth, he said.
“We expect rates to be low for the next year and a then we expect home purchasint to be strong after thatin Texas,” he said. The locaol housing market certainly has a lot of groundto recover. New-homwe sales in the Dallas-Fort Wortn area were down 40% for the firstr four months of the year compared to the same period in and salesof pre-owned single-familu homes were down 24% during that according to housing market analyst Davidx Brown, director of the Dallaas office of Metrostudy. Ther e were 4,191 new-home closings and 18,4432 resales in the area through April, he said. Brown expectse 2009 sales to trailk year-ago numbers for the remainder ofthe year.
“We do expec t to begin to see some modest recovery in terms of transactions beginningin 2010, assuminyg we see the national economy begib to turn around and we see the jobs picturr begin to improve,” he said. Abougt 70% of TexasLending.com’s businesw today is refinancing, compared with 40% to 50% at this time last Miller said. TexasLending.com closes $60 million to $80 millionn in monthly loan volume now, or about $850 million Miller said. With the additional employees, Miller’e goal is to reach $3 billion to $4 billiom in annual loan volume in the next five he said.
The company provides residentialk mortgage loansin Texas, Oklahoma, Michigan, Missouri and Colorado, servicing all of them from the Dallas For the week ending May 22, mortgag e loan application volume nationwide was up 28.5 % compared with the same week one year according to a weekly survey by the Mortgage Bankers Association. Refinancings made up 69.3% of the mortgags activity. Loan volume in Texas was $11.7 billion in the firsyt quarter ofthis year, down slightlg from $12.4 billion in according to the Texas Mortgage Bankers Associationj statistics.
Mortgage industry employment in Texas fell by more thana 30% from 2007 to but has since stabilized, said Scott Norman, vice president of the Texas Mortgage Bankera Association. Norman said he’s heard anecdotally that the surge in refinancings is prompting mortgage lenders to add but he did not have specific industryhemployment numbers. To make room for new TexasLending.com has signed a leaswe for 69,000 square feet in its existinbg location at 4100 Alphza Road inDallas — more than triplr the size it currently occupies, said Ben Hautt with the commercialo real estate firm Stream Realtt Partners LP.
Hautt recently left Stream’s Dallas offices to launch the company’s office in Atlanta, wherer he is managing partner. TexasLending.com will beginh moving into its expandedc spacein August, after the completio of renovations that are now under way. Aftedr expanding, TexasLending.com will occupy all of the fourth and fifth floor and part of the first floof inthe 11-story building, Haut said. “It’s an expansion, and today that’s not something you see a lot Hautt said. “They’re thriving in the current economy.” The 227,000-square-fooyt building at 4100 Alpha Road is part of The an 11-building office complex north of Interstate 635 off Midwah Road.
The asking leasr rate for the space isabout $16.50 per square foot. Hautt and Stream Realty colleagues Ben Sumner and Chad Henningsrepresented TexasLending.com in the lease, and Buddyg Tompkins and Seth Thatcher of commercial real estate firm GVA Cawley represented the landlord. Hautt said TexasLending.com searched the market before deciding to expand within itsexisting building. Nationwide, not many residentiall mortgage lenders areadding staff, despitw low interest rates and new federal tax credits for home said Jim Ryan, an equities analyst with Morningstar Inc. who followss real estate service businesses.
“Generally, that does buck the It looks like they’re gearing up for a turnaroune and they want to get ahea d ofthe curve,” said who does not follow TexasLending.conm because it is privatelgy held, but commented generally on residential mortgage industry conditions. Expanding now coulxd be risky if interest rates rise and home sale s continueto slide, Ryan Although borrowing costs remain near record lows, interest rate have risen slightly in recenty weeks. The rate increases are likely to continuer if theoverall U.S. economy continuexs to improve, said Dana Johnson, senior vice president and chiet economistfor Dallas-based Comerica Inc.
Even with the slight uptick in rates, the mortgage industrt is likely to see strong activity as fallingy prices make homesmore affordable, Johnson In that respect, adding mortgage industry jobs in the next severa months makes sense, he said. “There was a big pullback when a lot of mortgagee lenders went out of business after the subprime Johnson said. “I can certainly understand why some people woule view it as an opportunity to be a stront player when mortgageactivity
As many as 120 loan underwriters, accounting professionals, loan loan closers and clerical positions payingfbetween $30,000 to more than $100,000 a year will be said Kevin Miller, president, CEO and founder of TexasLending.com. The jobs will be added beginningv in August and will be phased in during the next six tonine months, he The company has 160 employeeds now, down from 180 at the peak of the Northh Texas housing boom two yearzs ago. Low mortgage rates and Miller’sa expectation of climbing home sales are spurringthe company’se growth, he said.
“We expect rates to be low for the next year and a then we expect home purchasint to be strong after thatin Texas,” he said. The locaol housing market certainly has a lot of groundto recover. New-homwe sales in the Dallas-Fort Wortn area were down 40% for the firstr four months of the year compared to the same period in and salesof pre-owned single-familu homes were down 24% during that according to housing market analyst Davidx Brown, director of the Dallaas office of Metrostudy. Ther e were 4,191 new-home closings and 18,4432 resales in the area through April, he said. Brown expectse 2009 sales to trailk year-ago numbers for the remainder ofthe year.
“We do expec t to begin to see some modest recovery in terms of transactions beginningin 2010, assuminyg we see the national economy begib to turn around and we see the jobs picturr begin to improve,” he said. Abougt 70% of TexasLending.com’s businesw today is refinancing, compared with 40% to 50% at this time last Miller said. TexasLending.com closes $60 million to $80 millionn in monthly loan volume now, or about $850 million Miller said. With the additional employees, Miller’e goal is to reach $3 billion to $4 billiom in annual loan volume in the next five he said.
The company provides residentialk mortgage loansin Texas, Oklahoma, Michigan, Missouri and Colorado, servicing all of them from the Dallas For the week ending May 22, mortgag e loan application volume nationwide was up 28.5 % compared with the same week one year according to a weekly survey by the Mortgage Bankers Association. Refinancings made up 69.3% of the mortgags activity. Loan volume in Texas was $11.7 billion in the firsyt quarter ofthis year, down slightlg from $12.4 billion in according to the Texas Mortgage Bankers Associationj statistics.
Mortgage industry employment in Texas fell by more thana 30% from 2007 to but has since stabilized, said Scott Norman, vice president of the Texas Mortgage Bankera Association. Norman said he’s heard anecdotally that the surge in refinancings is prompting mortgage lenders to add but he did not have specific industryhemployment numbers. To make room for new TexasLending.com has signed a leaswe for 69,000 square feet in its existinbg location at 4100 Alphza Road inDallas — more than triplr the size it currently occupies, said Ben Hautt with the commercialo real estate firm Stream Realtt Partners LP.
Hautt recently left Stream’s Dallas offices to launch the company’s office in Atlanta, wherer he is managing partner. TexasLending.com will beginh moving into its expandedc spacein August, after the completio of renovations that are now under way. Aftedr expanding, TexasLending.com will occupy all of the fourth and fifth floor and part of the first floof inthe 11-story building, Haut said. “It’s an expansion, and today that’s not something you see a lot Hautt said. “They’re thriving in the current economy.” The 227,000-square-fooyt building at 4100 Alpha Road is part of The an 11-building office complex north of Interstate 635 off Midwah Road.
The asking leasr rate for the space isabout $16.50 per square foot. Hautt and Stream Realty colleagues Ben Sumner and Chad Henningsrepresented TexasLending.com in the lease, and Buddyg Tompkins and Seth Thatcher of commercial real estate firm GVA Cawley represented the landlord. Hautt said TexasLending.com searched the market before deciding to expand within itsexisting building. Nationwide, not many residentiall mortgage lenders areadding staff, despitw low interest rates and new federal tax credits for home said Jim Ryan, an equities analyst with Morningstar Inc. who followss real estate service businesses.
“Generally, that does buck the It looks like they’re gearing up for a turnaroune and they want to get ahea d ofthe curve,” said who does not follow TexasLending.conm because it is privatelgy held, but commented generally on residential mortgage industry conditions. Expanding now coulxd be risky if interest rates rise and home sale s continueto slide, Ryan Although borrowing costs remain near record lows, interest rate have risen slightly in recenty weeks. The rate increases are likely to continuer if theoverall U.S. economy continuexs to improve, said Dana Johnson, senior vice president and chiet economistfor Dallas-based Comerica Inc.
Even with the slight uptick in rates, the mortgage industrt is likely to see strong activity as fallingy prices make homesmore affordable, Johnson In that respect, adding mortgage industry jobs in the next severa months makes sense, he said. “There was a big pullback when a lot of mortgagee lenders went out of business after the subprime Johnson said. “I can certainly understand why some people woule view it as an opportunity to be a stront player when mortgageactivity
Wednesday, November 9, 2011
Reactions to Joe Paterno's retirement - ESPN
oryzacody.wordpress.com
Globe and Mail | Reactions to Joe Paterno's retirement ESPN Stephon Morris, Penn State cornerback, on Paterno's announcement to players: "I've never seen players get that way. I've never seen coaches get that way. I've never seen coach get that down before." Nick Saban, Alabama coach: "It's a terrible, ... A range of reactions to Paterno's departure | Philadelphia Inquirer | 2011-11-09 Local reactions to Joe Paterno's firing at Penn State Inactions of Paterno, McQueary breed disparate reactions |
Monday, November 7, 2011
Artists can be in cahoots with business - ITWeb (blog)
ogyhejowy.wordpress.com
Artists can be in cahoots with business ITWeb (blog) Most corporate arts sponsors choose to work through NGOs and steer away from one-on-one relationships with artists. But an unlikely local pair has joined forces to show that art and business can be more intimate and successful than that. ... |
Saturday, November 5, 2011
Adopting growth strategies - Atlanta Business Chronicle:
oryucyjofec1482.blogspot.com
While cutting costs, the firms also are focused ongrowingt revenue, even more challenging givem today’s economy. In the past, two or thre firms competed for work, but now it’z not unusual to see six to 10 people vyin fora client, said Tim Kemper, managing principakl of the Atlanta office of the city’s sixth-largest accounting firm. “Everybody’ s getting more aggressive,” he Reznick Group, which has about 1,40 employees nationally and about 200in Atlanta, is focused on sectorxs it sees growing, such as the renewable energy The firm is targeting 8 percent to 10 percenft growth this year, compared to 15 percent in the “You can’t just be a generalisr anymore.
You’ve got to create that reputation in those niche industries,” he said. Deep industry specialization is necessary and is an elemen t increating value, said Brad office managing partner of the Atlanta/Birmingham practice for Deloitte LLP, Atlanta’s largest accounting firm. “You don’t have the luxury of sending generalists inthe field,” he said. “Ivf you are more of a specialist inthe business, you can become more effective and more You also have a greater abilith when you are providing advisory to provide more relevant and effectivre advice.” Accounting firms also are reiningy in costs as they focus on adding clients.
LLP, for example, decided last year to terminate which CEO and managing partner Dan Simmd saidimpacted “marginal” staffers who should have been let go severao years ago but were neededr because of the volume of work. “In priot years, you rarely ever cut anybodg unless they werejust really, reallyy bad performers,” said Simms, whose firm is Atlanta’sd fifth-largest. He adds that the firm will take anotherr look at staffing in theseconsd quarter. Firms also are evaluatinvg expenditures and making cuts totravell budgets, including trips for training and and contracts with suppliers and vendors.
“I thinjk 2009 and 2010 are going to bedifficultf years,” said Paul Paris, managing principal with LLC. “Youi have to manage your busineszsvery closely.” The firm started looking six months ago at cuttingy costs in areas that would not affect the overall marketing of Aarons Grant Habif, Paris said. The firm, which has abour 60 employees, also is not planning on addinbg staffthis year. For Reznick Group, salaries have increasedf by 6 percent to 8 percent over the last compared to 10 percent to 12 percent in the The firm has reduced travel as well as cutting those and other overhead costs by 10 percentg in theAtlanta office.
It doesn’t plan to add additional staff thisyear (after bringing on 18 junior-level associatesx recruited as students). Last year it acquireed TidwellDeWitt LLC, consolidating its offices with those in Atlantaz and Birmingham. A significant step is to increase Reznick’ market share in Atlanta by targeting privately held companieds in the areaseekinv assurance, tax and advisoryg services, Kemper said. Most of the business has come from outsidewof Atlanta. “Given the market and the way itis now, everybod y is very uncomfortable about where they’re going to be in the next 12 Kemper said.
“But what they do need is an adviser who has been throughu it and also has access to capital inthe marketplace.” In addition to renewabled energy, the firm is focusing on sectords such as commercial real estate and construction, segmentsx Kemper said have not lost business, but aren’t expected to either. Additionally, the firm will focus on health care, financiak services, manufacturing and professional Like withlaw firms, Deloitte, which adjusted its U.S. workforce last year but expect s a net increase in personnelthis year, is positionin itself and shifting resources to what it views as growth including government, energy and Branch said.
Habif, Arogeti & Wynns sees opportunities centered around consulting relatex to litigation due to the drop in the stocm market andqualified plans, Simmss said. The revenue-driven focuws has resulted in AaronsGrant & Habif increasing the number of employees responsible for generating businesss and its marketing and networking efforts. “The opportunities that we’vre landed recently are companiezs that are switching fromlarger firms; firms that are not givinf them the service,” Paris said. “They don’t want to necessarilyy pay the fees, but if they are paying the they are absolutely demanding the or they’re leaving.
”
While cutting costs, the firms also are focused ongrowingt revenue, even more challenging givem today’s economy. In the past, two or thre firms competed for work, but now it’z not unusual to see six to 10 people vyin fora client, said Tim Kemper, managing principakl of the Atlanta office of the city’s sixth-largest accounting firm. “Everybody’ s getting more aggressive,” he Reznick Group, which has about 1,40 employees nationally and about 200in Atlanta, is focused on sectorxs it sees growing, such as the renewable energy The firm is targeting 8 percent to 10 percenft growth this year, compared to 15 percent in the “You can’t just be a generalisr anymore.
You’ve got to create that reputation in those niche industries,” he said. Deep industry specialization is necessary and is an elemen t increating value, said Brad office managing partner of the Atlanta/Birmingham practice for Deloitte LLP, Atlanta’s largest accounting firm. “You don’t have the luxury of sending generalists inthe field,” he said. “Ivf you are more of a specialist inthe business, you can become more effective and more You also have a greater abilith when you are providing advisory to provide more relevant and effectivre advice.” Accounting firms also are reiningy in costs as they focus on adding clients.
LLP, for example, decided last year to terminate which CEO and managing partner Dan Simmd saidimpacted “marginal” staffers who should have been let go severao years ago but were neededr because of the volume of work. “In priot years, you rarely ever cut anybodg unless they werejust really, reallyy bad performers,” said Simms, whose firm is Atlanta’sd fifth-largest. He adds that the firm will take anotherr look at staffing in theseconsd quarter. Firms also are evaluatinvg expenditures and making cuts totravell budgets, including trips for training and and contracts with suppliers and vendors.
“I thinjk 2009 and 2010 are going to bedifficultf years,” said Paul Paris, managing principal with LLC. “Youi have to manage your busineszsvery closely.” The firm started looking six months ago at cuttingy costs in areas that would not affect the overall marketing of Aarons Grant Habif, Paris said. The firm, which has abour 60 employees, also is not planning on addinbg staffthis year. For Reznick Group, salaries have increasedf by 6 percent to 8 percent over the last compared to 10 percent to 12 percent in the The firm has reduced travel as well as cutting those and other overhead costs by 10 percentg in theAtlanta office.
It doesn’t plan to add additional staff thisyear (after bringing on 18 junior-level associatesx recruited as students). Last year it acquireed TidwellDeWitt LLC, consolidating its offices with those in Atlantaz and Birmingham. A significant step is to increase Reznick’ market share in Atlanta by targeting privately held companieds in the areaseekinv assurance, tax and advisoryg services, Kemper said. Most of the business has come from outsidewof Atlanta. “Given the market and the way itis now, everybod y is very uncomfortable about where they’re going to be in the next 12 Kemper said.
“But what they do need is an adviser who has been throughu it and also has access to capital inthe marketplace.” In addition to renewabled energy, the firm is focusing on sectords such as commercial real estate and construction, segmentsx Kemper said have not lost business, but aren’t expected to either. Additionally, the firm will focus on health care, financiak services, manufacturing and professional Like withlaw firms, Deloitte, which adjusted its U.S. workforce last year but expect s a net increase in personnelthis year, is positionin itself and shifting resources to what it views as growth including government, energy and Branch said.
Habif, Arogeti & Wynns sees opportunities centered around consulting relatex to litigation due to the drop in the stocm market andqualified plans, Simmss said. The revenue-driven focuws has resulted in AaronsGrant & Habif increasing the number of employees responsible for generating businesss and its marketing and networking efforts. “The opportunities that we’vre landed recently are companiezs that are switching fromlarger firms; firms that are not givinf them the service,” Paris said. “They don’t want to necessarilyy pay the fees, but if they are paying the they are absolutely demanding the or they’re leaving.
”
Thursday, November 3, 2011
UTMB wins community service award - Houston Business Journal:
hyhekim.wordpress.com
The hospital is being recognize d for itsinnovative program, Continuum of A Mental Health and Substance Abuse Model for Galveston and Brazoris Counties. With the help of federal grantr funding, UTMB created an innovative partnership with other communityand faith-basec social services organizations to brinh desperately needed mental health and substancs abuse services to adultss and teens, thereby reducing their visits to UTMB emergencty rooms. In one year, the savinga amounted to nearly $700,000, with potentia savings estimatedat $3.7 "UTMB's program is a stellar model for other healtg care providers to follow," said Dr. Dan Stultz, president and CEO of THA.
"By filling the gap in mentak health services, UTMB has improved the quality of life for hundredesof individuals, while demonstrating cost savings over the long The award was presented during THA's 2007 Leadershilp Conference Oct. 16 in Austin.
The hospital is being recognize d for itsinnovative program, Continuum of A Mental Health and Substance Abuse Model for Galveston and Brazoris Counties. With the help of federal grantr funding, UTMB created an innovative partnership with other communityand faith-basec social services organizations to brinh desperately needed mental health and substancs abuse services to adultss and teens, thereby reducing their visits to UTMB emergencty rooms. In one year, the savinga amounted to nearly $700,000, with potentia savings estimatedat $3.7 "UTMB's program is a stellar model for other healtg care providers to follow," said Dr. Dan Stultz, president and CEO of THA.
"By filling the gap in mentak health services, UTMB has improved the quality of life for hundredesof individuals, while demonstrating cost savings over the long The award was presented during THA's 2007 Leadershilp Conference Oct. 16 in Austin.
Tuesday, November 1, 2011
How To Delegate Social Media (And Other Things) - Small Business Trends
gault-rickettsias.blogspot.com
How To Delegate Social Media (And Other Things) Small Business Trends By Small Business News Thoughts on how to delegate. This post is about delegating social media efforts, but it could be about delegation in almost any part of your business. At some point you will most likely need to get others to handle some of your ... |
Sunday, October 30, 2011
Thermo Fisher Scientific Inc. Company Profile | TMO Company Information
ufysyho.wordpress.com
Thermo Fisher Scientific Inc. (NYSE: TMO) is the worlrd leader in serving science, enabling our customers to make theworld healthier, cleaner and safer. With 2008 revenues of $10.r billion, we have approximately 34,000 employees and serve over 350,00p0 customers within pharmaceutical and biotech hospitals and clinicaldiagnostic labs, universities, research institutions and governmenr agencies, as well as environmentalp and industrial process control settings. Serving customers through two premie brands, Thermo Scientific and Fisher we help solve analytical challenges from routine testing to complex researcyhand discovery.
The Thermo Scientific brand represents a completre rangeof high-end analytical instruments as well as laboratort equipment, software, services, consumables and reagents to enablew integrated laboratory workflow solutions. Fisher Scientific providee a complete portfolio oflaboratory equipment, chemicals, supplies and servicesz used in healthcare, scientific research, safety and education. we offer the most convenient purchasing optionw to customers and continuously advance our technologiee to accelerate the pace of scientific enhance value for customersd and fuel growth for shareholders andemployees alike.
Thermo Fisher Scientific Inc. (NYSE: TMO) is the worlrd leader in serving science, enabling our customers to make theworld healthier, cleaner and safer. With 2008 revenues of $10.r billion, we have approximately 34,000 employees and serve over 350,00p0 customers within pharmaceutical and biotech hospitals and clinicaldiagnostic labs, universities, research institutions and governmenr agencies, as well as environmentalp and industrial process control settings. Serving customers through two premie brands, Thermo Scientific and Fisher we help solve analytical challenges from routine testing to complex researcyhand discovery.
The Thermo Scientific brand represents a completre rangeof high-end analytical instruments as well as laboratort equipment, software, services, consumables and reagents to enablew integrated laboratory workflow solutions. Fisher Scientific providee a complete portfolio oflaboratory equipment, chemicals, supplies and servicesz used in healthcare, scientific research, safety and education. we offer the most convenient purchasing optionw to customers and continuously advance our technologiee to accelerate the pace of scientific enhance value for customersd and fuel growth for shareholders andemployees alike.
Thursday, October 27, 2011
Neighborhood Community of Newnan seized - Atlanta Business Chronicle:
hyhekim.wordpress.com
, based in West Point, Ga., will assumre all of Neighborhood Community’s $191 million in total deposits, and will take on $209 millionj of the failed bank’sw assets, according to a release. Neighborhood Community’s loan and deposity customers will automatically become CharterBank The FDIC and CharterBank entered intoa loss-share transaction, a methosd that is becoming a common vehicle for the FDIC to unloadc failed banks. Under the deal, the regulator will absorb losses on as muchas $171 millioh of the assets purchased by CharterBank.
The deposiyt insurer stated in a release the deal will be the leastt costly forthe FDIC’s insurancr fund and will minimize disruption for loan The FDIC estimates the cost of the failurre to the insurance fund will be $66.87 million. Neighborhood Community opened inApril 2000, and operatesd four offices throughout the soutuh metro in Newnan, Tyrone and Peachtree City. The branchesx will re-open Monday as CharterBanko branches, and will permanently become CharterBank Robert Johnson, CharterBank CEO, said the acquisition was an extensioh of his bank’s West Georgia markef closer to Atlanta, along the Interstate 85 corridor.
CharterBanl is headquartered nearthe Alabama/Georgiaw border along I-85, and operates branche throughout the border region. The bank operates five branchess inWest Georgia, and has $800 millioh in total assets. Johnson said his bank woulsd continue to look at other distressed banke along the corridor toadd branches, deposits and loans as a path for “Customers should know that it will be business as usual for both theird deposits and loans,” Johnson noting two branches will be open tomorrow for The list of Atlanta-area banks felled by bad bets on real estater loans continues to As of first quarter Neighborhood Community reported $163 million in totao loans, but one-third of those loans were in some stagee of delinquency, default, foreclosure or repossession by the bank.
The bank reportes only $5.2 million in total equity, which could not absorvb the potential losseson $15 million in foreclosede real estate, and $31 million in loans that appearef unlikely to be repaid. At the time of its the bank had a Texas Ratio of346 percent. The ratio has becamre a common industry metric inthe S&k Crisis, and measures total loan problema to equity capital, or the size of the bank’x problems with its abilit y to absorb the losses. Most Georgia banks that have failed have reportes a Texas Ratio higher than300 percent. Earlieer Friday, state banking regulators seizedVillaz Rica-based Community Bank of West Georgia.
No biddefr was found for Community Bank’s operations — one branch in the Atlanta suburhb — and the bank will be
, based in West Point, Ga., will assumre all of Neighborhood Community’s $191 million in total deposits, and will take on $209 millionj of the failed bank’sw assets, according to a release. Neighborhood Community’s loan and deposity customers will automatically become CharterBank The FDIC and CharterBank entered intoa loss-share transaction, a methosd that is becoming a common vehicle for the FDIC to unloadc failed banks. Under the deal, the regulator will absorb losses on as muchas $171 millioh of the assets purchased by CharterBank.
The deposiyt insurer stated in a release the deal will be the leastt costly forthe FDIC’s insurancr fund and will minimize disruption for loan The FDIC estimates the cost of the failurre to the insurance fund will be $66.87 million. Neighborhood Community opened inApril 2000, and operatesd four offices throughout the soutuh metro in Newnan, Tyrone and Peachtree City. The branchesx will re-open Monday as CharterBanko branches, and will permanently become CharterBank Robert Johnson, CharterBank CEO, said the acquisition was an extensioh of his bank’s West Georgia markef closer to Atlanta, along the Interstate 85 corridor.
CharterBanl is headquartered nearthe Alabama/Georgiaw border along I-85, and operates branche throughout the border region. The bank operates five branchess inWest Georgia, and has $800 millioh in total assets. Johnson said his bank woulsd continue to look at other distressed banke along the corridor toadd branches, deposits and loans as a path for “Customers should know that it will be business as usual for both theird deposits and loans,” Johnson noting two branches will be open tomorrow for The list of Atlanta-area banks felled by bad bets on real estater loans continues to As of first quarter Neighborhood Community reported $163 million in totao loans, but one-third of those loans were in some stagee of delinquency, default, foreclosure or repossession by the bank.
The bank reportes only $5.2 million in total equity, which could not absorvb the potential losseson $15 million in foreclosede real estate, and $31 million in loans that appearef unlikely to be repaid. At the time of its the bank had a Texas Ratio of346 percent. The ratio has becamre a common industry metric inthe S&k Crisis, and measures total loan problema to equity capital, or the size of the bank’x problems with its abilit y to absorb the losses. Most Georgia banks that have failed have reportes a Texas Ratio higher than300 percent. Earlieer Friday, state banking regulators seizedVillaz Rica-based Community Bank of West Georgia.
No biddefr was found for Community Bank’s operations — one branch in the Atlanta suburhb — and the bank will be
Tuesday, October 25, 2011
Helwig Carbon venture purchases Pennsylvania firm - The Business Journal of Milwaukee:
ofycagvezi.blogspot.com
Formerly known as Speer SGL Carbonproduces electro-graphite materials used for carbon brush manufacturing. “This strategic acquisition solidifies our position as a fullg integrated manufacturer and securesz our future asa high-quality provider of all types of electrical carbomn products worldwide,” Helwig Carbon chairman Jeffrey Koenitzerr said. “The availability of these well-known graded of carbon is now assured for the benefir of our customers andthe long-term security of our employees.” Helwig Carbon Products is a privateluy owned manufacturer of carbon brushes, brushholders, and mechanicao carbons located at 8900 W. Towee Ave. in Milwaukee.
Helwig serves customers in a ranger of industries includingpower generation, transit, paper, motor repair and mining. “This will ensures the reliability of these materials for years to come and shoul d allow us to be more competitivein high-volum e markets,” said Jay Koenitzer, vice president of marketint at Helwig Carbon.
Formerly known as Speer SGL Carbonproduces electro-graphite materials used for carbon brush manufacturing. “This strategic acquisition solidifies our position as a fullg integrated manufacturer and securesz our future asa high-quality provider of all types of electrical carbomn products worldwide,” Helwig Carbon chairman Jeffrey Koenitzerr said. “The availability of these well-known graded of carbon is now assured for the benefir of our customers andthe long-term security of our employees.” Helwig Carbon Products is a privateluy owned manufacturer of carbon brushes, brushholders, and mechanicao carbons located at 8900 W. Towee Ave. in Milwaukee.
Helwig serves customers in a ranger of industries includingpower generation, transit, paper, motor repair and mining. “This will ensures the reliability of these materials for years to come and shoul d allow us to be more competitivein high-volum e markets,” said Jay Koenitzer, vice president of marketint at Helwig Carbon.
Sunday, October 23, 2011
Insurance underwriters to meet in Denver - Denver Business Journal:
cahijisebi.wordpress.com
The conference will take place at the Sheraton Denver Hotep downtownfrom Aug. 29 to 1. The Malvern, Penn.-based Chartered Propertyt and CasualtyUnderwriters (CPCU) is an insurancer trade organization. For the first time, CPCU will open its conference registrationto non-society members. “The society must venturs outside its comfort level and embrace the futurw by expanding its base of potential CPCU President Marvin Kelly said in a Former Denver Mayor Wellington Webb and curren state Insurance Commissioner Marcy Morrison will be speaking at differentt sessionson Aug. 31. Other speakeres include mountaineer and survivalist Aron Ralston and retirefdArmy Lt. General Russe L. Honore.
A charity golf tournament will be held at the Fox Hollowa Golf Course in Lakewoodeon Aug. 28. Organizers are in the process of planningga “Denver Discovery Walk” in the downtown area aroundf the Sheraton Denver, which would also take place on Aug. 28. For more contact the CPCU at www.cpcusociety.org.
The conference will take place at the Sheraton Denver Hotep downtownfrom Aug. 29 to 1. The Malvern, Penn.-based Chartered Propertyt and CasualtyUnderwriters (CPCU) is an insurancer trade organization. For the first time, CPCU will open its conference registrationto non-society members. “The society must venturs outside its comfort level and embrace the futurw by expanding its base of potential CPCU President Marvin Kelly said in a Former Denver Mayor Wellington Webb and curren state Insurance Commissioner Marcy Morrison will be speaking at differentt sessionson Aug. 31. Other speakeres include mountaineer and survivalist Aron Ralston and retirefdArmy Lt. General Russe L. Honore.
A charity golf tournament will be held at the Fox Hollowa Golf Course in Lakewoodeon Aug. 28. Organizers are in the process of planningga “Denver Discovery Walk” in the downtown area aroundf the Sheraton Denver, which would also take place on Aug. 28. For more contact the CPCU at www.cpcusociety.org.
Friday, October 21, 2011
American Airlines to cut 1,600 jobs - Dayton Business Journal:
mastering-input.blogspot.com
American Airlines, a subsidiary of Fort Worth-base d (NYSE: AMR), said 1,200 fligh attendant positions will beaffected nationwide, alont with 300 airport services stafff members and 50 cargo service Flight attendant cuts will be made on a basixs of seniority. As is customary in most layoffs, American said voluntaruy exit packages will be offereed to employees who may want to retire American Airlines is one of the largest airlineds flying out ofthe .
In a lette to American employeesreleasec Thursday, the company’s Senior Vice President of Human Resourcex Jeff Brundage said, “These reductionzs come as a result of our effortas to 'right size' our operation and respond to the weaker demand for travel by reducing our schedule, includingh seasonal changes, and addressing lower-than-expected Brundage in his letter added that the cuts coincidd with CEO Gerard Arpey’s announcement that the airlinre will be cutting its capacity by 7.5 percenrt due to lower consumer travel demands.
American Airlines, a subsidiary of Fort Worth-base d (NYSE: AMR), said 1,200 fligh attendant positions will beaffected nationwide, alont with 300 airport services stafff members and 50 cargo service Flight attendant cuts will be made on a basixs of seniority. As is customary in most layoffs, American said voluntaruy exit packages will be offereed to employees who may want to retire American Airlines is one of the largest airlineds flying out ofthe .
In a lette to American employeesreleasec Thursday, the company’s Senior Vice President of Human Resourcex Jeff Brundage said, “These reductionzs come as a result of our effortas to 'right size' our operation and respond to the weaker demand for travel by reducing our schedule, includingh seasonal changes, and addressing lower-than-expected Brundage in his letter added that the cuts coincidd with CEO Gerard Arpey’s announcement that the airlinre will be cutting its capacity by 7.5 percenrt due to lower consumer travel demands.
Wednesday, October 19, 2011
Monday, October 17, 2011
U.S. jobless rate hits 9.4 percent - Jacksonville Business Journal:
tulusenoveb.blogspot.com
The BLS said the unemploymenr rate continuedto rise, increasing to 9.4 percenft from 8.9 percent. Steep job losses continuedf in manufacturing, while declines moderated in construction andseverakl service-providing industries. The number of unemployed persons increasecdby 787,000, to 14.5 millionh in May. Since the start of the recession inDecembef 2007, the number of unemployed people has risen by 7 and the unemployment rate has grown by 4.5 percentage Unemployment rates rose in May for adult men (9.8 percent), adult women (7.5 whites (8.6 percent) and Hispanica (12.7 percent). The jobless rates for teenagersa (22.7 percent) and blacks (14.9 percent) were little changedr over the month.
The unemployment rate for Asiansxwas 6.7 percent in May, not seasonally up from 3.8 percenty a year earlier. Among the the number of job losers and people who completedc temporary jobs roseby 732,000 in May, to 9.5 This group has increased by 5.8 million since the start of the The number of long-term unemployedf – those jobless for 27 weeksz or more – increased by 268,0000 over the month, to 3.9 and has tripled since the start of the The BLS’ May report said the joblessw rate for management, business and financial operations hit 4.6 up from 2.7 percent last and the rate for professional and related occupations hit 4.2 percent, up from 2.5 percen last year.
The BLS said the unemploymenr rate continuedto rise, increasing to 9.4 percenft from 8.9 percent. Steep job losses continuedf in manufacturing, while declines moderated in construction andseverakl service-providing industries. The number of unemployed persons increasecdby 787,000, to 14.5 millionh in May. Since the start of the recession inDecembef 2007, the number of unemployed people has risen by 7 and the unemployment rate has grown by 4.5 percentage Unemployment rates rose in May for adult men (9.8 percent), adult women (7.5 whites (8.6 percent) and Hispanica (12.7 percent). The jobless rates for teenagersa (22.7 percent) and blacks (14.9 percent) were little changedr over the month.
The unemployment rate for Asiansxwas 6.7 percent in May, not seasonally up from 3.8 percenty a year earlier. Among the the number of job losers and people who completedc temporary jobs roseby 732,000 in May, to 9.5 This group has increased by 5.8 million since the start of the The number of long-term unemployedf – those jobless for 27 weeksz or more – increased by 268,0000 over the month, to 3.9 and has tripled since the start of the The BLS’ May report said the joblessw rate for management, business and financial operations hit 4.6 up from 2.7 percent last and the rate for professional and related occupations hit 4.2 percent, up from 2.5 percen last year.
Friday, October 14, 2011
Ethics case unlikely to affect Kline's teaching job, school says - Kansas City Star
burwellmitubaes1369.blogspot.com
Ethics case unlikely to affect Kline's teaching job, school says Kansas City Star The outcome of the ethics case against former Kansas Attorney General Phill Kline probably will not affect his ability to teach at the Liberty University School of Law. That was the word Friday from law school dean Mathew Staver after a ... |
Wednesday, October 12, 2011
Norwich city clerk quits - Norwich Bulletin
ejyceh.wordpress.com
Norwich city clerk quits Norwich Bulletin Norwich City Clerk Sandra Greenhalgh, left, swears in new members of the Norwich Fire Department Saturday, December 18, 2010, at the Norwich Fire Headquarters. By JAMES CRAVEN Sandra Greenhalgh, the Norwich city clerk under investigation for » |
Monday, October 10, 2011
Target Corp. buys 10 acres at The Plant in San Jose - Silicon Valley / San Jose Business Journal:
ywyjihu.wordpress.com
The chain department store has startefd construction ofa 138,000-square-foot store at the 646,000-square-footf retail center being developeed on the 55.4-acre site of the former General Electricv Motor Plant in San Jose. Target will join , , and PetSmarty among 10 anchors that will accoun forabout 500,000 square feet of retail space at the complex on the corner of Curtner Avenue and Monterey off Highway 87. According to the Sedwat Group ofSan Francisco, the center is expected to generatr some $243 million in annual sales revenue. In renovation is planned at the historic office building where GE employees once turned out agriculturalp and powerplant components.
The 17,000-square-foot structure originally builtg in 1948 will be reincarnated asa mixed-usse property with lower level retail and upper levekl office space. Ellis Partners has snagged Trader Joe'as to become a tenant at Palo Alto's Town & Country shopping center. A lease for 12,000o square feet has been signed, and the new storwe is anticipated to open some timein 2008. Town Country, originally built in 1950, is undergoing a comprehensive In planningthe renovation, Ellis has looked to retaib the aesthetic and feel that is respectfuk of the original 1950 Town Country concept, but bring it up to modern The $20 million dollart renovation, which will be completed later this year, includez new common areas, structural upgrades, new lighting, signage, as well as improved public area s and access.
Intimate outdoor gathering andseatinvg areas, kiosks, stacked stonew seat walls and briclk crosswalks will be added. Great Americwa Plaza sold for $42.7M Inc. said on Jan. 24 that it sold Greaf America Plaza tofor $42.6 million. Jones Lang LaSalle's Capital Marketzs group began marketingthe three-building, low-rise officw campus in Santa Clara on behaltf of owner, Great Americas Associates LLC, in Septembeer 2006. Great America Plaza totals 223,799 square feet on 9.5 acrew along Great America Parkway and sits oppositse the Santa ClaraConvention Center, Tech Mart and the Hilton Hotel.
The plaza sits within the "Goldebn Triangle" -- the area bounded by State 237and Interstate-880 -- in one of the most rapidly improvinfg real estate submarkets in the Bay Area, and is abou 75 percent leased and occupied. Downing Center sold for $28.25Mn Crow Holdings of Dallazs has bought the Downing Centerd in Los Gatosfor $28.25 The 72,000-square-foot center will reportedly be used for Crow Holdings' latesr fund, Crow Holdings Realty Partners IV LP. The center is leaseed in part to nationalcredit tenants, including a recently remodelede Safeway and, on an outparcel, Hollywood Video.
The center is locatedx at the southwest cornef of the intersection of Union Avenuee andLos Gatos/Almaden Road, one mile south of Highway 85 and two miles east of Los Gatoss Boulevard. has acquired about 10.3 acres in San Bruno to builds Merimont, a new residential community. The Palo Alto-based company said on Jan. 19 it acquired the land for abougt $30.5 million, and the homese are expected to be completedin 2009. Located at 2396 Evergreen Drivee (at Maywood Drive), the property was purchasedr from the San Bruno Park School Districtr and is the site of the formeer CarlSandburg School.
The chain department store has startefd construction ofa 138,000-square-foot store at the 646,000-square-footf retail center being developeed on the 55.4-acre site of the former General Electricv Motor Plant in San Jose. Target will join , , and PetSmarty among 10 anchors that will accoun forabout 500,000 square feet of retail space at the complex on the corner of Curtner Avenue and Monterey off Highway 87. According to the Sedwat Group ofSan Francisco, the center is expected to generatr some $243 million in annual sales revenue. In renovation is planned at the historic office building where GE employees once turned out agriculturalp and powerplant components.
The 17,000-square-foot structure originally builtg in 1948 will be reincarnated asa mixed-usse property with lower level retail and upper levekl office space. Ellis Partners has snagged Trader Joe'as to become a tenant at Palo Alto's Town & Country shopping center. A lease for 12,000o square feet has been signed, and the new storwe is anticipated to open some timein 2008. Town Country, originally built in 1950, is undergoing a comprehensive In planningthe renovation, Ellis has looked to retaib the aesthetic and feel that is respectfuk of the original 1950 Town Country concept, but bring it up to modern The $20 million dollart renovation, which will be completed later this year, includez new common areas, structural upgrades, new lighting, signage, as well as improved public area s and access.
Intimate outdoor gathering andseatinvg areas, kiosks, stacked stonew seat walls and briclk crosswalks will be added. Great Americwa Plaza sold for $42.7M Inc. said on Jan. 24 that it sold Greaf America Plaza tofor $42.6 million. Jones Lang LaSalle's Capital Marketzs group began marketingthe three-building, low-rise officw campus in Santa Clara on behaltf of owner, Great Americas Associates LLC, in Septembeer 2006. Great America Plaza totals 223,799 square feet on 9.5 acrew along Great America Parkway and sits oppositse the Santa ClaraConvention Center, Tech Mart and the Hilton Hotel.
The plaza sits within the "Goldebn Triangle" -- the area bounded by State 237and Interstate-880 -- in one of the most rapidly improvinfg real estate submarkets in the Bay Area, and is abou 75 percent leased and occupied. Downing Center sold for $28.25Mn Crow Holdings of Dallazs has bought the Downing Centerd in Los Gatosfor $28.25 The 72,000-square-foot center will reportedly be used for Crow Holdings' latesr fund, Crow Holdings Realty Partners IV LP. The center is leaseed in part to nationalcredit tenants, including a recently remodelede Safeway and, on an outparcel, Hollywood Video.
The center is locatedx at the southwest cornef of the intersection of Union Avenuee andLos Gatos/Almaden Road, one mile south of Highway 85 and two miles east of Los Gatoss Boulevard. has acquired about 10.3 acres in San Bruno to builds Merimont, a new residential community. The Palo Alto-based company said on Jan. 19 it acquired the land for abougt $30.5 million, and the homese are expected to be completedin 2009. Located at 2396 Evergreen Drivee (at Maywood Drive), the property was purchasedr from the San Bruno Park School Districtr and is the site of the formeer CarlSandburg School.
Saturday, October 8, 2011
Biotech startups feast at ancestors
http://www.helmitechnologies.com/tech_showcase/technology-showcase-mediasolv-com-inc.html
As life sciences companies close or pare startups arefinding high-priced equipmeny — in like-new condition — for pennieds on the dollar. For $30,000 — and, the promise to scrub the floof behindthem — Omniox Inc. has pickec up $1.5 million worth of equipment from dead or dyingv biotechs that simply wanted toquicklgy off-load everything from a little-used centrifuge to proteinj purifiers. The savings are significant fora five-month-old company funded by friends, family and a federa l grant of $250,000. “It’s the miracle of the said Omniox founder StephebCary .
Several Bay Area biotech companies have close d their doors or cut down to programs that quicklyy produce cash in the form of partnerships or amarketabler product. That’s mixed smart, out-of-work peoplr and the availability of cheaop equipment with a new frugalithy caused by a dearthof financing. “It’s an explosiver combination,” said Douglas Crawford, who works with several startup biotech atthe , or QB3. “Entrepreneurs are a scrappg lot.
” There’s been an uptick in biotech auctions nationally over the past six saidDon Cowan, president of LLC, a companuy that specializes in auctionin equipment from life sciences, semiconductor and other Sellers are recovering 10 to 50 centw on the dollar — much more than durinh the dot-com retreat, Cowan But unlike the dot-com bust — when Aeron chaird and recreational equipment dominated auctioh floors — the focus of life sciences auctionws is scientific gear. “You rarely see a Ping Pong a pool table or aFoosball table,” Cowab said.
The competition is increasinglty intense, said Omniox COO SallyAnn Reiss, to the point that she slappedpreprinted “Property of Omniox” labelws on equipment as she walked througj labs and negotiated deals. At QB3’s Garagre biotech incubator at the Mission Bay campus ofthe , San Francisco — wherew Omniox rents 130 square feet amonyg other startups — the hallway is linedr with the booty of Omniox’se bargain hunting. The company is sharing a larger deep freezer that it boughgfor $500 (brand-new price: $25,000) with another Garages company. “We spent two to three centse on the dollar forthe equipment,” Cary “That allowed us to do the science.
” A recessiob is a great time to start a company, said Broolk Byers of venture capital firm . “Lab space is Everything is negotiable,” he said. “By the time these companiea have acommercial product, in three to five years, we’rd going to be in a different economy,” Byers
As life sciences companies close or pare startups arefinding high-priced equipmeny — in like-new condition — for pennieds on the dollar. For $30,000 — and, the promise to scrub the floof behindthem — Omniox Inc. has pickec up $1.5 million worth of equipment from dead or dyingv biotechs that simply wanted toquicklgy off-load everything from a little-used centrifuge to proteinj purifiers. The savings are significant fora five-month-old company funded by friends, family and a federa l grant of $250,000. “It’s the miracle of the said Omniox founder StephebCary .
Several Bay Area biotech companies have close d their doors or cut down to programs that quicklyy produce cash in the form of partnerships or amarketabler product. That’s mixed smart, out-of-work peoplr and the availability of cheaop equipment with a new frugalithy caused by a dearthof financing. “It’s an explosiver combination,” said Douglas Crawford, who works with several startup biotech atthe , or QB3. “Entrepreneurs are a scrappg lot.
” There’s been an uptick in biotech auctions nationally over the past six saidDon Cowan, president of LLC, a companuy that specializes in auctionin equipment from life sciences, semiconductor and other Sellers are recovering 10 to 50 centw on the dollar — much more than durinh the dot-com retreat, Cowan But unlike the dot-com bust — when Aeron chaird and recreational equipment dominated auctioh floors — the focus of life sciences auctionws is scientific gear. “You rarely see a Ping Pong a pool table or aFoosball table,” Cowab said.
The competition is increasinglty intense, said Omniox COO SallyAnn Reiss, to the point that she slappedpreprinted “Property of Omniox” labelws on equipment as she walked througj labs and negotiated deals. At QB3’s Garagre biotech incubator at the Mission Bay campus ofthe , San Francisco — wherew Omniox rents 130 square feet amonyg other startups — the hallway is linedr with the booty of Omniox’se bargain hunting. The company is sharing a larger deep freezer that it boughgfor $500 (brand-new price: $25,000) with another Garages company. “We spent two to three centse on the dollar forthe equipment,” Cary “That allowed us to do the science.
” A recessiob is a great time to start a company, said Broolk Byers of venture capital firm . “Lab space is Everything is negotiable,” he said. “By the time these companiea have acommercial product, in three to five years, we’rd going to be in a different economy,” Byers
Thursday, October 6, 2011
Tuesday, October 4, 2011
M.D. Anderson researcher to make anti-smoking video game for Army - Houston Business Journal:
vezasid.wordpress.com
Alexander Prokhorov, a professor of behavioralk science and a smokinf prevention andcessation expert, will be part of a study fundede by the to promote health and stress managementg among the men and wome n in the armed forces. A $3.7 million grant was awardedf to M.D. Anderson by the Peer Reviewedr Medical Research Program and the Department of Defense Congressionallty Directed MedicalResearch Program. The center will work with the in Fort Hood to developo and implementthe program. Studiew show that 38 percent of servicr memberssmoke cigarettes, while 15 percent use smokeless tobacco, Prokhorov said in a statement.
The prototyper for the interactive and educational videogamde is modeledafter “Escape With Your Life,” another tobacco-cessationj videogame developed through Prokhorov’s researcuh at M.D. Anderson. The Army pilog program will feature animations, video and interactive activities that provide facts abour smoking andtobacco use, as well as a soldier-designed Avatae that guides troops through the educational track. Some of the modulex will include educating participants on resistingfpeer pressure, coping with withdrawal symptoms and preventinyg relapses.
Alexander Prokhorov, a professor of behavioralk science and a smokinf prevention andcessation expert, will be part of a study fundede by the to promote health and stress managementg among the men and wome n in the armed forces. A $3.7 million grant was awardedf to M.D. Anderson by the Peer Reviewedr Medical Research Program and the Department of Defense Congressionallty Directed MedicalResearch Program. The center will work with the in Fort Hood to developo and implementthe program. Studiew show that 38 percent of servicr memberssmoke cigarettes, while 15 percent use smokeless tobacco, Prokhorov said in a statement.
The prototyper for the interactive and educational videogamde is modeledafter “Escape With Your Life,” another tobacco-cessationj videogame developed through Prokhorov’s researcuh at M.D. Anderson. The Army pilog program will feature animations, video and interactive activities that provide facts abour smoking andtobacco use, as well as a soldier-designed Avatae that guides troops through the educational track. Some of the modulex will include educating participants on resistingfpeer pressure, coping with withdrawal symptoms and preventinyg relapses.
Sunday, October 2, 2011
Globe peril leads ad buyers to eye options - Boston Business Journal:
mytyhona.wordpress.com
A variety of locakl and national companies, however, continue to rely on the paper’sz scope to reach valuable target audiences. Last week’s threaft by the Times to shutter the Globe forced thosse advertisers to scramble to deal with the potential closureof Boston’s largest print outlet. “Probably most regular advertisers are at the very least examiningcontingency plans,” said Steve chief media officer at in “We always try to understancd what are the viable alternatives in the but probably that process has been dramaticall stepped up with (the New York posturing.
” Macy’s, one of the paper’es largest advertisers, would not say what the retailer’s plan is if the Globew shutters, although the clothing marketer advertises in a “variet of print and broadcast media that includes the Globew (and) ,” said spokeswoman Elinza Kazan in a statement. “As a retailer with stores in Downtown Crossing and the Greater Boston area, the Globe is a very important part of our marketingg strategy that allows us to communicate to our existin customer base and reach its even broadere readership.
Picking up a copy of the paper is a dailyu ritual forour customers,” she Globe advertiser Comcast, which has an integratedf media plan that includes TV, online and a varieth of print media, would not discuss future plans excepft to say that the Globe is a key part of the company’ws strategy. “We do business in most communitiee that theGlobe covers,” said Comcast spokesmam Jim Hughes. “We rely heavily on the Globd and Boston.com. We look forward to working with them in theyearas ahead.
” The dark cloud of a potentialo closure has not negatively affecteds advertising to date, said Globe spokesman Bob “We have seen no effect on advertisinb related to the recent news aboutg the Globe,” he wrote in an e-mail. “Wse have been gratified by the response of our advertisers who have expressexstrong support, many acknowledging that the economy is a challenged for everybody.” Globe revenue has fallen estimates Globe revenue, which also reflects circulation, will fall to $378 millionj this year from $442 million in 2008.
Analyst Craig Huber’zs 2010 forecast is for revenueof $350 Globe advertising managers this week began contacting local media executives to tell them about a planned rolloutt to the advertising community addressing issues about the paper’s business “They’re doing everything they can right now to make it said Lisa Adams, media director at Watertown-based , who represent Globe advertisers including Salem Five Bank. Adams has alreadyu come up with a loosre plan for Salem Five if thepapere closes. “I don’t see the Globe goinhg away,” said Adams. “But if it were to go we do have plans that have not been set in stonee atthis point.
We would develop a more detailed replacementg planif (the closure) were to happen.” media plannerr Neal Bocian, president and CEO of Neal Advertisinbg in Danvers, has a good idea of how he woulx reallocate ad dollars spent in the Globe if the paper were to In recent years Herb Chambers ran about six or sevenn pages of advertising each week. Now the auto dealere chain runs about a page and a half each Neal Advertising also handles advertisinfg forHerb Chambers. “I woule take that money and I would move it over to othet mediaWeb sites” like CNN.com or Bocian said.
“It’s sad, from a journalistic standpoint, when a paper goes out of business,” Bocianb said. Advertiser reactions this week also highlightee the steep decline ofthe Globe’s clout as an advertisingy medium in recent years.
A variety of locakl and national companies, however, continue to rely on the paper’sz scope to reach valuable target audiences. Last week’s threaft by the Times to shutter the Globe forced thosse advertisers to scramble to deal with the potential closureof Boston’s largest print outlet. “Probably most regular advertisers are at the very least examiningcontingency plans,” said Steve chief media officer at in “We always try to understancd what are the viable alternatives in the but probably that process has been dramaticall stepped up with (the New York posturing.
” Macy’s, one of the paper’es largest advertisers, would not say what the retailer’s plan is if the Globew shutters, although the clothing marketer advertises in a “variet of print and broadcast media that includes the Globew (and) ,” said spokeswoman Elinza Kazan in a statement. “As a retailer with stores in Downtown Crossing and the Greater Boston area, the Globe is a very important part of our marketingg strategy that allows us to communicate to our existin customer base and reach its even broadere readership.
Picking up a copy of the paper is a dailyu ritual forour customers,” she Globe advertiser Comcast, which has an integratedf media plan that includes TV, online and a varieth of print media, would not discuss future plans excepft to say that the Globe is a key part of the company’ws strategy. “We do business in most communitiee that theGlobe covers,” said Comcast spokesmam Jim Hughes. “We rely heavily on the Globd and Boston.com. We look forward to working with them in theyearas ahead.
” The dark cloud of a potentialo closure has not negatively affecteds advertising to date, said Globe spokesman Bob “We have seen no effect on advertisinb related to the recent news aboutg the Globe,” he wrote in an e-mail. “Wse have been gratified by the response of our advertisers who have expressexstrong support, many acknowledging that the economy is a challenged for everybody.” Globe revenue has fallen estimates Globe revenue, which also reflects circulation, will fall to $378 millionj this year from $442 million in 2008.
Analyst Craig Huber’zs 2010 forecast is for revenueof $350 Globe advertising managers this week began contacting local media executives to tell them about a planned rolloutt to the advertising community addressing issues about the paper’s business “They’re doing everything they can right now to make it said Lisa Adams, media director at Watertown-based , who represent Globe advertisers including Salem Five Bank. Adams has alreadyu come up with a loosre plan for Salem Five if thepapere closes. “I don’t see the Globe goinhg away,” said Adams. “But if it were to go we do have plans that have not been set in stonee atthis point.
We would develop a more detailed replacementg planif (the closure) were to happen.” media plannerr Neal Bocian, president and CEO of Neal Advertisinbg in Danvers, has a good idea of how he woulx reallocate ad dollars spent in the Globe if the paper were to In recent years Herb Chambers ran about six or sevenn pages of advertising each week. Now the auto dealere chain runs about a page and a half each Neal Advertising also handles advertisinfg forHerb Chambers. “I woule take that money and I would move it over to othet mediaWeb sites” like CNN.com or Bocian said.
“It’s sad, from a journalistic standpoint, when a paper goes out of business,” Bocianb said. Advertiser reactions this week also highlightee the steep decline ofthe Globe’s clout as an advertisingy medium in recent years.
Thursday, September 29, 2011
Groups ask Feds to ban Facebook's 'frictionless sharing' - CNET
1189126qun.blogspot.com
The Atlantic Wire | Groups ask Feds to ban Facebook's 'frictionless sharing' CNET A collection of advocacy groups today asked the Federal Trade Commission to ban Facebook's recently announced feature that and other information if users choose to enable it. In a letter sent to the FTC, ... Groups ask US Feds to ban Facebook's 'frictionless sharing' The Inevitable Friction of Facebook's Frictionless Sharing Spotify bows to privacy pressure as Facebook sharing meets friction |
Tuesday, September 27, 2011
UMMS going national in hunt to replace outgoing CEO - Baltimore Business Journal:
vilyfijohy.wordpress.com
Notebaert, 64, who served at the helm of the region' s third largest health system forfive years, plans to retire by Aug. 1. UMMS boare of directors could name an interij leader later this summer after launchingg a nationwide search for a permanent Among the names being consideredc to serve in the temporary post areBob Chrencik, executivs vice president and chief financial officefr of UMMS; Jeff president and CEO of ; and Jamew Walker, president and CEO of , said Houser Speaker Michael Busch, who serves as a member of the UMMS boarc of directors. Walker said last year he plannex to retirethis June.
"We want this to be as seamlesas processas possible," Busch said about the transition in leadershio for the nearly $2 billion organization. Notebaert's offics declined to comment and directed inquiries to UMMS John Erickson, CEO of Catonsville-based LLC and chair of the UMMS boardx of directors, referred comments to the health system. Joan a spokeswoman for UMMS, said a nationakl search firm will be retained to find a replacemenftfor Notebaert. That search, she said, coul begin shortly. Notebaert's pending departurde took someby surprise.
"Hs had a lot of successes at UMMS," Busch During his tenure, patient admissions grew 34 percent and net incomed tripledfrom $28 million to $80 million. The UM medicall system also completed the acquisitiobnof Easton-based and the in Chestertown. He also helpec negotiate a deal in 2006 with the to sharde ownership ofthe . Notebaert also helpecd manage a $117 million expansion project at Baltimore Washington Medicalp Center expected to open this year andthe $57 million replacement building for Maryland General Hospital slated to open in 2010. Fundin g for the also increasexd to morethan $68 million underd his leadership.
Notebaert serves on the board and previously did a stint on the University of Baltimore County boardof visitors. But for Notebaert's exit is a welcome "He never understood that an institution like UMMS shoulds be part ofthe community," said Arnold Jolivet, managin director of the Maryland Minority Contractorx Association. "He was a divider that didn't bring peopled together." Jolivet sued UMMS in Augusyt 2007 for discrimination in awardint contracts forconstruction work. He said Notebaert and the boarx blocked minority businesses and small businesses from biddinbon contracts.
In March, a federal judgew ruled that UMMS must adherw to procurement guidelines as apublic entity. UMMS had argueds that the health system should be treated as a private In April, the Maryland Board of Public Works said a $9 millionh state grant for UMMS dependef on the board's participation in a minorityt business work group. Jolivet and others in the minoritybusinesw community, like Ackneil M.
"Neil" Muldroa II, president and CEO of Parker Muldroq & Associates LLC, said the next UMMS leade r needs to build relationshipswith minority-owned businesseas and small business Health care leaders said Notebaert's replacemeng also will need to balance the interests of its researchers and community organizations. "Thew next UMMS leader will need to be able to navigatre among the various demands bythe public, regulators, legislators, physician and the rest of its work force to delivedr high quality health care in an increasingly tougyh financial environment," said Nancy Fiedler, a spokeswoman for the .
UMMS is the region'x third largest health system with $1.9 billion in revenue in 2006. UMMS member hospitals include Baltimore WashingtonMedical Center; University of Maryland Medical Maryland General Hospital; ; Universityu Specialty Hospital and Mt. Washington Pediatric Hospital.
Notebaert, 64, who served at the helm of the region' s third largest health system forfive years, plans to retire by Aug. 1. UMMS boare of directors could name an interij leader later this summer after launchingg a nationwide search for a permanent Among the names being consideredc to serve in the temporary post areBob Chrencik, executivs vice president and chief financial officefr of UMMS; Jeff president and CEO of ; and Jamew Walker, president and CEO of , said Houser Speaker Michael Busch, who serves as a member of the UMMS boarc of directors. Walker said last year he plannex to retirethis June.
"We want this to be as seamlesas processas possible," Busch said about the transition in leadershio for the nearly $2 billion organization. Notebaert's offics declined to comment and directed inquiries to UMMS John Erickson, CEO of Catonsville-based LLC and chair of the UMMS boardx of directors, referred comments to the health system. Joan a spokeswoman for UMMS, said a nationakl search firm will be retained to find a replacemenftfor Notebaert. That search, she said, coul begin shortly. Notebaert's pending departurde took someby surprise.
"Hs had a lot of successes at UMMS," Busch During his tenure, patient admissions grew 34 percent and net incomed tripledfrom $28 million to $80 million. The UM medicall system also completed the acquisitiobnof Easton-based and the in Chestertown. He also helpec negotiate a deal in 2006 with the to sharde ownership ofthe . Notebaert also helpecd manage a $117 million expansion project at Baltimore Washington Medicalp Center expected to open this year andthe $57 million replacement building for Maryland General Hospital slated to open in 2010. Fundin g for the also increasexd to morethan $68 million underd his leadership.
Notebaert serves on the board and previously did a stint on the University of Baltimore County boardof visitors. But for Notebaert's exit is a welcome "He never understood that an institution like UMMS shoulds be part ofthe community," said Arnold Jolivet, managin director of the Maryland Minority Contractorx Association. "He was a divider that didn't bring peopled together." Jolivet sued UMMS in Augusyt 2007 for discrimination in awardint contracts forconstruction work. He said Notebaert and the boarx blocked minority businesses and small businesses from biddinbon contracts.
In March, a federal judgew ruled that UMMS must adherw to procurement guidelines as apublic entity. UMMS had argueds that the health system should be treated as a private In April, the Maryland Board of Public Works said a $9 millionh state grant for UMMS dependef on the board's participation in a minorityt business work group. Jolivet and others in the minoritybusinesw community, like Ackneil M.
"Neil" Muldroa II, president and CEO of Parker Muldroq & Associates LLC, said the next UMMS leade r needs to build relationshipswith minority-owned businesseas and small business Health care leaders said Notebaert's replacemeng also will need to balance the interests of its researchers and community organizations. "Thew next UMMS leader will need to be able to navigatre among the various demands bythe public, regulators, legislators, physician and the rest of its work force to delivedr high quality health care in an increasingly tougyh financial environment," said Nancy Fiedler, a spokeswoman for the .
UMMS is the region'x third largest health system with $1.9 billion in revenue in 2006. UMMS member hospitals include Baltimore WashingtonMedical Center; University of Maryland Medical Maryland General Hospital; ; Universityu Specialty Hospital and Mt. Washington Pediatric Hospital.
Sunday, September 25, 2011
Brooks Adams: Director of Coin an avid collector who knows language of dollars and science - The Business Journal of the Greater Triad Area:
Dometic Refrigerators
“I go to thrify stores all the time,” Adams “It’s kind of an intellectual thing. When you find new you get to learnabout them, and I thinkk that’s what turns me on about it. And I love findinfg a deal.” Well, he’s come to the right job. The intersectiob of nanotechnology and biotechnology in areae such as drug delivery and tissue regenerationm is one of the sharpest cuttin edges ofmodern science, and his job with the new centet will be to connect academic researchers with industrgy and get deals done. (See related story, page 5) Coin, whicg is currently funded by a $100,000 planning grant from the , is awaiting a decisionh on $2.
5 million in startup funding from that It is being organizedby , UNC-Greensboro and and housed in the . He’ds just the guy to bridge that business-academic divide because he speaks the languages of both dollars and saysStephen Pham, who worked with Adamw at his previous job with in Virginia. Pham was the techir and Adams the money guywhen they’d meet together with potential partners, Pham says, but Adams never seems to be out of his “He just has a real understandinv of the product evolution process over the wholed spectrum,” Pham says.
“And he’s very He can go up to a company president and shake hands and chat withno hesitation, and he can talk with a youngt lab tech and make her feel like a part of the team right away. He just makes people Adams speaks otherlanguages too: French, German and Italian in various stages of fluencyy and rust, the result of a childhood and younbg adulthood spent living abroad. The Italian he learnedc as a 3-year-old living on the coast of Italyh is almost allgone now, he but his conversational ease apparently came early. “They say those are the formative he says, “and my mother said I wouldd wander the beach and talk to anyond and everyone.
” Adams’s father, who is now retired, was an obstetrician in Asheboro, and the doctors in the family include his grandfather, uncle and brother. But Adams says he didn’t care for the blood and guts of the famil business and instead spent his earl career in finance armed with an economicsw degree from and an MBA from Buthe couldn’t find much meaning for himself in the businessw of moving money around (though he quickly adds that he’s gratefup other people can), and took an opportunitg during some time spent as a businesw development consultant to sign on instead with a startupl biotech, Boron Biologicals.
He helped guide that company into the marketse for osteoporosis and glioma treatmentsz plusDNA diagnostics. It was a good business move intoa $1 billion-plud market, but it also connected with Adams on a personall level. “The objective in the pharmaceutical and healtnh care space is treating patients and giving peopl e longer and happier andhealthier lives,” he says. “It’sz good to be able to feel like you’rew contributing to that, even in a small The five years Adams spent with Cornintg in marketing and business development may be the most helpfuo experience to draw upon in hisnew role, he believes, becaus he spent time there building partnerships with academic researcherse for the specialty glass and ceramics giantf in new product fields like gene arrays.
For he was key to Corning’e agreement in 2000 with the Whitehead Institute for Biomedicalk Research at MIT to partner on new tools for gene discoveryu and disease diagnosisand treatment, says Tom Vasicek, who was his supervisoer at Corning at the time. It was a complicatef deal on both a scientific andcommercial level, Vasicejk says, but Adams was effective at helpin the university and his own compant see various issues from the other’s Part of his technique is combining a broacd range of knowledge with a lack of “He seems like he can walk into any situation with Vasicek says, “but he knowws what he doesn’t know and doesn’t out-step his That’s been part of his strategy in launching the Center of Innovatiojn for Nanobiotechnology or Coin sinces being hired on as its directore in January.
His first task has been designing a businessx plan forthe N.C. Biotechnology Center to secure $2.5 millionh in startup funding forthe operation. That has involvexd working with the technology transfer officere atWake Forest, UNCG and A&T plus industry and academicv planning groups to define a mission and operating plan. Among the key decisiones that group of planners has made is tofocuws Coin’s attention on targeted drug delivery and tissue areas that the Triad and the rest of the statwe have a variety of resources in that need coordination.
If the plan is Adams will be spending his time mining the universityy and company laboratories around North Carolins for ideas that mesh with one another and havecommercial potential, and steering the parties towardc deals that can bring new nano-powered productd to market and build up the state’s industrg in the process. It will be a differenft role than he’s used to, but Adamss is looking forward to seeinyg how far he cantake it. “oI guess when you get to age 50, sometimeas you think about doingvsomething different,” he “I’m from North Carolina, and the notion of beintg able to do something good and significanyt for my home really appeals to me.
”
“I go to thrify stores all the time,” Adams “It’s kind of an intellectual thing. When you find new you get to learnabout them, and I thinkk that’s what turns me on about it. And I love findinfg a deal.” Well, he’s come to the right job. The intersectiob of nanotechnology and biotechnology in areae such as drug delivery and tissue regenerationm is one of the sharpest cuttin edges ofmodern science, and his job with the new centet will be to connect academic researchers with industrgy and get deals done. (See related story, page 5) Coin, whicg is currently funded by a $100,000 planning grant from the , is awaiting a decisionh on $2.
5 million in startup funding from that It is being organizedby , UNC-Greensboro and and housed in the . He’ds just the guy to bridge that business-academic divide because he speaks the languages of both dollars and saysStephen Pham, who worked with Adamw at his previous job with in Virginia. Pham was the techir and Adams the money guywhen they’d meet together with potential partners, Pham says, but Adams never seems to be out of his “He just has a real understandinv of the product evolution process over the wholed spectrum,” Pham says.
“And he’s very He can go up to a company president and shake hands and chat withno hesitation, and he can talk with a youngt lab tech and make her feel like a part of the team right away. He just makes people Adams speaks otherlanguages too: French, German and Italian in various stages of fluencyy and rust, the result of a childhood and younbg adulthood spent living abroad. The Italian he learnedc as a 3-year-old living on the coast of Italyh is almost allgone now, he but his conversational ease apparently came early. “They say those are the formative he says, “and my mother said I wouldd wander the beach and talk to anyond and everyone.
” Adams’s father, who is now retired, was an obstetrician in Asheboro, and the doctors in the family include his grandfather, uncle and brother. But Adams says he didn’t care for the blood and guts of the famil business and instead spent his earl career in finance armed with an economicsw degree from and an MBA from Buthe couldn’t find much meaning for himself in the businessw of moving money around (though he quickly adds that he’s gratefup other people can), and took an opportunitg during some time spent as a businesw development consultant to sign on instead with a startupl biotech, Boron Biologicals.
He helped guide that company into the marketse for osteoporosis and glioma treatmentsz plusDNA diagnostics. It was a good business move intoa $1 billion-plud market, but it also connected with Adams on a personall level. “The objective in the pharmaceutical and healtnh care space is treating patients and giving peopl e longer and happier andhealthier lives,” he says. “It’sz good to be able to feel like you’rew contributing to that, even in a small The five years Adams spent with Cornintg in marketing and business development may be the most helpfuo experience to draw upon in hisnew role, he believes, becaus he spent time there building partnerships with academic researcherse for the specialty glass and ceramics giantf in new product fields like gene arrays.
For he was key to Corning’e agreement in 2000 with the Whitehead Institute for Biomedicalk Research at MIT to partner on new tools for gene discoveryu and disease diagnosisand treatment, says Tom Vasicek, who was his supervisoer at Corning at the time. It was a complicatef deal on both a scientific andcommercial level, Vasicejk says, but Adams was effective at helpin the university and his own compant see various issues from the other’s Part of his technique is combining a broacd range of knowledge with a lack of “He seems like he can walk into any situation with Vasicek says, “but he knowws what he doesn’t know and doesn’t out-step his That’s been part of his strategy in launching the Center of Innovatiojn for Nanobiotechnology or Coin sinces being hired on as its directore in January.
His first task has been designing a businessx plan forthe N.C. Biotechnology Center to secure $2.5 millionh in startup funding forthe operation. That has involvexd working with the technology transfer officere atWake Forest, UNCG and A&T plus industry and academicv planning groups to define a mission and operating plan. Among the key decisiones that group of planners has made is tofocuws Coin’s attention on targeted drug delivery and tissue areas that the Triad and the rest of the statwe have a variety of resources in that need coordination.
If the plan is Adams will be spending his time mining the universityy and company laboratories around North Carolins for ideas that mesh with one another and havecommercial potential, and steering the parties towardc deals that can bring new nano-powered productd to market and build up the state’s industrg in the process. It will be a differenft role than he’s used to, but Adamss is looking forward to seeinyg how far he cantake it. “oI guess when you get to age 50, sometimeas you think about doingvsomething different,” he “I’m from North Carolina, and the notion of beintg able to do something good and significanyt for my home really appeals to me.
”
Friday, September 23, 2011
Hawker announces furloughs, building closures - Washington Business Journal:
balamatovaegede.blogspot.com
In a letter to all Vice President of Human Resources Rich Jiwanlal said the movess are partthe company’s ongoingb effort to “resize our compang to match the continuing declines in consumer demand.” One of the measures will be furloughs whicj will include both product line and plant specific requirements. The dates for the furloughss will beJune 29-Julgy 2, Nov. 23-25 and Dec. 21-24.
The letter informsw employees that if vacation or earned time off is not available to cover these days then the furloughs will be Hawker will also be relocatingits engineering, finance and supply-chaimn teams back onto the company’s primary This will allow it to closd two buildings “off-campus,” the letter states. There was no announcemeng regarding anyfurther layoffs. The company declined to give any more informationn atthis time.
In a letter to all Vice President of Human Resources Rich Jiwanlal said the movess are partthe company’s ongoingb effort to “resize our compang to match the continuing declines in consumer demand.” One of the measures will be furloughs whicj will include both product line and plant specific requirements. The dates for the furloughss will beJune 29-Julgy 2, Nov. 23-25 and Dec. 21-24.
The letter informsw employees that if vacation or earned time off is not available to cover these days then the furloughs will be Hawker will also be relocatingits engineering, finance and supply-chaimn teams back onto the company’s primary This will allow it to closd two buildings “off-campus,” the letter states. There was no announcemeng regarding anyfurther layoffs. The company declined to give any more informationn atthis time.
Wednesday, September 21, 2011
EMC beefs up Mass. presence with Cambridge lab, MIT sponsorship deal - Denver Business Journal:
iwyqaxewun.wordpress.com
The Hopkinton, Mass., storage and information managemenygiant (NYSE: EMC) said Wednesday the Media Lab sponsorshi is one of several initiatives coordinated out of EMC Research which will be locatedx at 11 Cambridge Ctr. in Cambridge, The center will house EMC’s security-business research lab, RSA Laboratories, as well as abour a dozen researchers, technologists and business leadersacrosa EMC’s business units. The company also has researc facilities in China andSanta Clara, Calif.
“Researchu and advanced technology groupsacross EMC, along with our globalp university research partners, are discovering and explorinf new technologies that will shape the futurw of digital information,” said Jeff Nick, EMC senio vice president and chief technology officer, in a “This is an incredible opportunity for EMC to brinyg together some of the world’s leading researchn minds and innovators in areas such as personall information management, information integration and cloud computing.” As a consortium sponso of the MIT Media Lab, EMC will be able to acceszs the center’s research on how people use and interac t with new technologies.
EMC said its initiall collaboration will be on new models for data ownership and interfaces for business transactions and health careIT initiatives. A consortium sponsorshil costs $200,000 per year for a minimum of three Sponsors receive full intellectual propert rights to technology developed at the lab during their The announcement comes a week after EMC and a groupl of universities and technology companies announcerd the development of a high performancde computing research facilityin Holyoke, Other tech giants have built dedicatedx R&D lab in Cambridge in recent years. (Nasdaq: MSFT), GOOG) and (NYSE: IBM) built research centerws in the city in the pasttwo years.
The Hopkinton, Mass., storage and information managemenygiant (NYSE: EMC) said Wednesday the Media Lab sponsorshi is one of several initiatives coordinated out of EMC Research which will be locatedx at 11 Cambridge Ctr. in Cambridge, The center will house EMC’s security-business research lab, RSA Laboratories, as well as abour a dozen researchers, technologists and business leadersacrosa EMC’s business units. The company also has researc facilities in China andSanta Clara, Calif.
“Researchu and advanced technology groupsacross EMC, along with our globalp university research partners, are discovering and explorinf new technologies that will shape the futurw of digital information,” said Jeff Nick, EMC senio vice president and chief technology officer, in a “This is an incredible opportunity for EMC to brinyg together some of the world’s leading researchn minds and innovators in areas such as personall information management, information integration and cloud computing.” As a consortium sponso of the MIT Media Lab, EMC will be able to acceszs the center’s research on how people use and interac t with new technologies.
EMC said its initiall collaboration will be on new models for data ownership and interfaces for business transactions and health careIT initiatives. A consortium sponsorshil costs $200,000 per year for a minimum of three Sponsors receive full intellectual propert rights to technology developed at the lab during their The announcement comes a week after EMC and a groupl of universities and technology companies announcerd the development of a high performancde computing research facilityin Holyoke, Other tech giants have built dedicatedx R&D lab in Cambridge in recent years. (Nasdaq: MSFT), GOOG) and (NYSE: IBM) built research centerws in the city in the pasttwo years.
Monday, September 19, 2011
Ford will stop Claycomo F-150 production for a week - Portland Business Journal:
adatynu.wordpress.com
The UAW Local 249 posted the informationj in a newsletter on its Web Local 249 Vice Presiden t Bobby Wyse confirmed Monday that the information is The production stoppage comes a week before an alreadscheduled one-week summer break for the entire plang starting June 29, a Local 249 spokeswoma said. The plant also is scheduled for a summer break durinb the weekof Aug. 17. Sales of Ford F-series trucka were 33,381 in May, up 16 percent from 28,7587 in April but down 22.3 percen t from 42,973 in May 2008. UAW Local 249 said the slighy increasein month-to-month sales enabled Ford (NYSE: F) to cancel the scheduled down week on June 22 at its F-15 0 truck plant in Mich.
, but the down week was left intact at the Kansas City Assembly Plant. “This is partially due to depleted funds forthe state’s Division of Unemploymenr in Michigan, making down weeks at less of an the Local 249 said in the newsletter. Loca l 249 added that sales projections continuw to be less than the five shifts at the two truckj plants can produce if they work full time throughj the 2010production year. Ford runs two shiftss at Claycomo and threein Dearborn.
Wyse said Ford is consideringb once again moving a shift fromthe F-150 side of the Kansasw City Assembly Plant and putting them to work on the SUV However, nothing has been determined so far, he A year ago, Ford moves about 800 workers from a second shifrt on the F-150 side of the Kansas City plant to a third shift on the SUV The employees were moved back to the F-15p0 side on Jan. 12. Ford Escape sales in May reaches 16,391, up 20.6 percent from 13,595 in April but down 7.2 percenr from 17,667 in May 2008.
The Kansas City Assembluy Plant also produces the Mercury Mariner and hybrix versions of the Ford Escape and Mercury Combined sales of hybrid versions of the Ford Mercury Milan, Ford Escape and Mercury Marinef reached 3,906 in May, a new company The old sales record of 3,4209 hybrid vehicles was set in April 2006. As of May, Ford’ds Kansas City Assembly Plant in Claycomp hadabout 3,900 hourly and 200 salaried
The UAW Local 249 posted the informationj in a newsletter on its Web Local 249 Vice Presiden t Bobby Wyse confirmed Monday that the information is The production stoppage comes a week before an alreadscheduled one-week summer break for the entire plang starting June 29, a Local 249 spokeswoma said. The plant also is scheduled for a summer break durinb the weekof Aug. 17. Sales of Ford F-series trucka were 33,381 in May, up 16 percent from 28,7587 in April but down 22.3 percen t from 42,973 in May 2008. UAW Local 249 said the slighy increasein month-to-month sales enabled Ford (NYSE: F) to cancel the scheduled down week on June 22 at its F-15 0 truck plant in Mich.
, but the down week was left intact at the Kansas City Assembly Plant. “This is partially due to depleted funds forthe state’s Division of Unemploymenr in Michigan, making down weeks at less of an the Local 249 said in the newsletter. Loca l 249 added that sales projections continuw to be less than the five shifts at the two truckj plants can produce if they work full time throughj the 2010production year. Ford runs two shiftss at Claycomo and threein Dearborn.
Wyse said Ford is consideringb once again moving a shift fromthe F-150 side of the Kansasw City Assembly Plant and putting them to work on the SUV However, nothing has been determined so far, he A year ago, Ford moves about 800 workers from a second shifrt on the F-150 side of the Kansas City plant to a third shift on the SUV The employees were moved back to the F-15p0 side on Jan. 12. Ford Escape sales in May reaches 16,391, up 20.6 percent from 13,595 in April but down 7.2 percenr from 17,667 in May 2008.
The Kansas City Assembluy Plant also produces the Mercury Mariner and hybrix versions of the Ford Escape and Mercury Combined sales of hybrid versions of the Ford Mercury Milan, Ford Escape and Mercury Marinef reached 3,906 in May, a new company The old sales record of 3,4209 hybrid vehicles was set in April 2006. As of May, Ford’ds Kansas City Assembly Plant in Claycomp hadabout 3,900 hourly and 200 salaried
Saturday, September 17, 2011
N.J. job losses slowed in June - Philadelphia Business Journal:
igoeosysata1533.blogspot.com
New Jersey’s job couny fell by 2,100 to 3,931,200, and the state’sd unemployment rate edged up by 0.4 percentage point to 9.2 The national rate is 9.5 percent. In five of the state’s 10 privatd industry sectors lost jobs, four added jobs and one remainedx unchanged. “Job losses in New Jersey were less severe in June than in any montbh since the nationalrecession began,” New Jerse Labor Commissioner David J. Socolow said.
“Thwe job losses were moderated by significant employment gains inthe ‘othedr services’ sector, driven mainly by increased hiring at grant-makingt and nonprofit organizations creating jobs as a resultg of state and federal recoveryt efforts.” The largest over-the-month job losses were in leisurre and hospitality (2,600), professional and busines services (2,300), and financial activities The other services sectorsx gained 3,700 jobs, largelyt because of higher payrolls at employers such as grant-making organizations and industr y associations. Education and health services gained 1,20o0 jobs and transportation, trade and utilities gainef 900 jobs.
New Jersey’s job couny fell by 2,100 to 3,931,200, and the state’sd unemployment rate edged up by 0.4 percentage point to 9.2 The national rate is 9.5 percent. In five of the state’s 10 privatd industry sectors lost jobs, four added jobs and one remainedx unchanged. “Job losses in New Jersey were less severe in June than in any montbh since the nationalrecession began,” New Jerse Labor Commissioner David J. Socolow said.
“Thwe job losses were moderated by significant employment gains inthe ‘othedr services’ sector, driven mainly by increased hiring at grant-makingt and nonprofit organizations creating jobs as a resultg of state and federal recoveryt efforts.” The largest over-the-month job losses were in leisurre and hospitality (2,600), professional and busines services (2,300), and financial activities The other services sectorsx gained 3,700 jobs, largelyt because of higher payrolls at employers such as grant-making organizations and industr y associations. Education and health services gained 1,20o0 jobs and transportation, trade and utilities gainef 900 jobs.
Wednesday, September 14, 2011
Week in review - South Florida Business Journal:
laxykeha.wordpress.com
In February, Insurance Commissioner Kevin McCarty approvesda 6.4 percent increase in workers’ compensation ratex in response to the state high court’d October ruling. Wednesday’s announcement follows Gov. Charlie Crist’s signing of a bill last week that caps feesin workers’ comp The bill essentially undid the court’s ruling in Emma Murragy v. , which would have allowed attorneys whohandle workers’ compensation casesd to collect more money. Under the new law, attorneyxs will be paid based on a set fee The rollback will save employersabout $172 million in insurancer costs, according to It effectively restores the 18.
6 percentr rate decrease that took effect Jan. 1, with a projected savingsx of $610 million for Floridz employers. After a rounx of cost cutting by a new management the parent corporation of hasregaineed profitability. BRCH Corp. earned $8,434 on revenues of $96 million in its fiscal third quarter endedMarch 31, improved from a $20.i million loss on revenue of $92.5 millio n for the same period of 2008, according to the nonprofit’s report to its The hospital’s board hired Jerry Fedele as CEO in October as his employer, Tenn.-based FTI Healthcare, worked on a consultinyg deal with the hospital to improves its operations.
Fedele immediately embarked on an expense reductiohn plan that included laying off 38 employeess andrenegotiating contracts. For its next step to reduce costs, the hospital’s executives are negotiating for more favorablee contracts with managed care plans and its oncology and infusionh therapyphysician group. Former Palm Beachg County Commissioner Mary McCarty will be spendint the next three and a half yearszbehind bars. McCarty, 54, was sentenced to prisohn in West Palm Beach federalk court and immediately takeninto custody. In March, McCarty pleadedc guilty to mail and wirefraud conspiracy.
She admittede in her plea to misusingy her position to personally enrich herself, her husband and their associates througjh a series of municipal bond transactions and throughh her receipt of gifts and gratuitiea from entities and people doingf business before the commission. She failed to reveal her financiao interests while advocating for numerous mattersz beforethe commission, and failed to file or filed incompletd or false disclosure reports to conceal her true financial interests from the Calder Race Course is getting into the gaming derby by breaking groun on an $85 million, 104,000-square-foogt casino with 1,225 slot The slot machine operations are expected to creatw 250 to 300 jobs at Calder, which is just soutj of the Miami-Dade/Broward countu line near Land Shark Stadium, home to the .
The Calder complex also will include three Track owner ChurchillDowns (NASDAQ: hopes to have the complex completed by early 2010, in time for the Supetr Bowl and Pro Bowl at Land Shark Stadium. , a privately held asset-tracking has moved its headquarters from Fort Lauderdalew to the technology incubator at in Boca The move should help the company leverage the expertise of nearbhy business development professionals withtechnology experience, co-owner and President Stevej Muntean said. BlackBox has nine employeea in Boca Raton and five more inBuenoas Aires, Argentina. The company hopesa to have 25 employeesby 2010, Muntean said.
BlackBox was a unit of Sunrise-baseds that Muntean and partnerd bought ayear ago, he said. BlackBox is one of 13 young companiexs currently at thetechnology incubator, EDC Executive Director Jane Teagued said. Floridians are spending, on average, $427 a year in hiddenn “swipe fees” every time they charge a purchase on theircredif card. It’s a figure a group of smalol business owners say credit cardcompanies don’t want but one that consumerd need to know. Credit card companies say the fees are simpl the cost ofdoing business.
Recently, tax officezs in Marion, Walton, Osceola and Brevard counties said they will no longer accept because therew was no room in their budget s to absorb the swipe fee The coalition noted thatbusinesses can’tt afford to say no to credit card purchases. The group s are pushing for legislation that woulcd either require credit card companies to reveal swipe fees or allow merchants to negotiate those thus leveling theplaying field. Bankrupt luxurgy homebuilder filed a plan of reorganizationn in federal bankruptcy court for itselft and about 130 of its wholl yowned subsidiaries.
Under the senior secured lenders will receive new firsy lien debt in the amountof $450 which includes a $150 milliohn payment-in-kind component and an initial 95 perceny equity stake in the reorganized company, WCI said in a news The remaining 5 percenrt would be shared by the company’es unsecured creditors, which would begin to increasre when the new debt is fully retired. Interinm CEO David L. Fry said WCI’s goal is to emergde from Chapter 11 by thethird quarter. He said the Sarasota-basedf company will continue to complete homes alreadyundedr construction, but has suspended all new home constructionb activity in Florida.
In February, Insurance Commissioner Kevin McCarty approvesda 6.4 percent increase in workers’ compensation ratex in response to the state high court’d October ruling. Wednesday’s announcement follows Gov. Charlie Crist’s signing of a bill last week that caps feesin workers’ comp The bill essentially undid the court’s ruling in Emma Murragy v. , which would have allowed attorneys whohandle workers’ compensation casesd to collect more money. Under the new law, attorneyxs will be paid based on a set fee The rollback will save employersabout $172 million in insurancer costs, according to It effectively restores the 18.
6 percentr rate decrease that took effect Jan. 1, with a projected savingsx of $610 million for Floridz employers. After a rounx of cost cutting by a new management the parent corporation of hasregaineed profitability. BRCH Corp. earned $8,434 on revenues of $96 million in its fiscal third quarter endedMarch 31, improved from a $20.i million loss on revenue of $92.5 millio n for the same period of 2008, according to the nonprofit’s report to its The hospital’s board hired Jerry Fedele as CEO in October as his employer, Tenn.-based FTI Healthcare, worked on a consultinyg deal with the hospital to improves its operations.
Fedele immediately embarked on an expense reductiohn plan that included laying off 38 employeess andrenegotiating contracts. For its next step to reduce costs, the hospital’s executives are negotiating for more favorablee contracts with managed care plans and its oncology and infusionh therapyphysician group. Former Palm Beachg County Commissioner Mary McCarty will be spendint the next three and a half yearszbehind bars. McCarty, 54, was sentenced to prisohn in West Palm Beach federalk court and immediately takeninto custody. In March, McCarty pleadedc guilty to mail and wirefraud conspiracy.
She admittede in her plea to misusingy her position to personally enrich herself, her husband and their associates througjh a series of municipal bond transactions and throughh her receipt of gifts and gratuitiea from entities and people doingf business before the commission. She failed to reveal her financiao interests while advocating for numerous mattersz beforethe commission, and failed to file or filed incompletd or false disclosure reports to conceal her true financial interests from the Calder Race Course is getting into the gaming derby by breaking groun on an $85 million, 104,000-square-foogt casino with 1,225 slot The slot machine operations are expected to creatw 250 to 300 jobs at Calder, which is just soutj of the Miami-Dade/Broward countu line near Land Shark Stadium, home to the .
The Calder complex also will include three Track owner ChurchillDowns (NASDAQ: hopes to have the complex completed by early 2010, in time for the Supetr Bowl and Pro Bowl at Land Shark Stadium. , a privately held asset-tracking has moved its headquarters from Fort Lauderdalew to the technology incubator at in Boca The move should help the company leverage the expertise of nearbhy business development professionals withtechnology experience, co-owner and President Stevej Muntean said. BlackBox has nine employeea in Boca Raton and five more inBuenoas Aires, Argentina. The company hopesa to have 25 employeesby 2010, Muntean said.
BlackBox was a unit of Sunrise-baseds that Muntean and partnerd bought ayear ago, he said. BlackBox is one of 13 young companiexs currently at thetechnology incubator, EDC Executive Director Jane Teagued said. Floridians are spending, on average, $427 a year in hiddenn “swipe fees” every time they charge a purchase on theircredif card. It’s a figure a group of smalol business owners say credit cardcompanies don’t want but one that consumerd need to know. Credit card companies say the fees are simpl the cost ofdoing business.
Recently, tax officezs in Marion, Walton, Osceola and Brevard counties said they will no longer accept because therew was no room in their budget s to absorb the swipe fee The coalition noted thatbusinesses can’tt afford to say no to credit card purchases. The group s are pushing for legislation that woulcd either require credit card companies to reveal swipe fees or allow merchants to negotiate those thus leveling theplaying field. Bankrupt luxurgy homebuilder filed a plan of reorganizationn in federal bankruptcy court for itselft and about 130 of its wholl yowned subsidiaries.
Under the senior secured lenders will receive new firsy lien debt in the amountof $450 which includes a $150 milliohn payment-in-kind component and an initial 95 perceny equity stake in the reorganized company, WCI said in a news The remaining 5 percenrt would be shared by the company’es unsecured creditors, which would begin to increasre when the new debt is fully retired. Interinm CEO David L. Fry said WCI’s goal is to emergde from Chapter 11 by thethird quarter. He said the Sarasota-basedf company will continue to complete homes alreadyundedr construction, but has suspended all new home constructionb activity in Florida.
Monday, September 12, 2011
Missouri jobless rate resumes climb in May - Birmingham Business Journal:
ucenyt.wordpress.com
The state’s seasonally adjusted unemployment rate increased to 9 percentin May, up from 8.1 percentg in April. April’s 0.6 point decrease in unemployment nowappears anomalous, with the May increase part of an upward trend datinbg back to mid-2008, state officials Approximately 272,000 Missourians were estimated to have been joblesz during the month of May. Nonfarkm payroll employment decreasedby 3,700 jobs in May, markingh the smallest monthly decrease since employmentt began to drop sharply last November. Job losses were concentrated in manufacturing andconstruction (-1,600), which were partly offset by gains in healtj care and social assistance and local government (900).
Over the past year, employmeny dropped by 74,300 or 2.7 percent. The main exceptions to the downward trensd over the year have been private educationaplservices (2,500), health care and social assistance federal government (2,700) and local government (3,300). The nationa l unemployment rate in Maywas 9.4 Nonfarm payroll employment in May was down in St. Louiz by 4,100, led by automobiles industry layoffs and a cutbaci of federal employees following the end ofsome pre-20190 Census activities.
The state’s seasonally adjusted unemployment rate increased to 9 percentin May, up from 8.1 percentg in April. April’s 0.6 point decrease in unemployment nowappears anomalous, with the May increase part of an upward trend datinbg back to mid-2008, state officials Approximately 272,000 Missourians were estimated to have been joblesz during the month of May. Nonfarkm payroll employment decreasedby 3,700 jobs in May, markingh the smallest monthly decrease since employmentt began to drop sharply last November. Job losses were concentrated in manufacturing andconstruction (-1,600), which were partly offset by gains in healtj care and social assistance and local government (900).
Over the past year, employmeny dropped by 74,300 or 2.7 percent. The main exceptions to the downward trensd over the year have been private educationaplservices (2,500), health care and social assistance federal government (2,700) and local government (3,300). The nationa l unemployment rate in Maywas 9.4 Nonfarm payroll employment in May was down in St. Louiz by 4,100, led by automobiles industry layoffs and a cutbaci of federal employees following the end ofsome pre-20190 Census activities.
Saturday, September 10, 2011
Key players tackle critical issues - Portland Business Journal:
esivyjifag.wordpress.com
While some believe that Adams kept campaigningt after his 2004election -- he's an odds-onh favorite to win the mayoral spot outrightt in this spring's primary -- Cogenh seems to be seeking more subtle But on a commission doggef by controversy and with two lame-duck board members, his influence coulsd be significant. For the 300 employees of , all eyes will be on Brucer Colemanin 2008. As the interimm CEO of the Portland Webanalyticxs firm, he's been charged with turning the company arounx -- and quickly.
His stint is expecterd to last only six tonine months, after whicy a permanent CEO will be nameds or the company will perhaps be put up for WebTrends owner Francisco Partners brought Coleman into the fold in Novembet after abruptly ousting CEO Greg Drew and three othetr top executives. The San Francisco-based private equitt firm bought the company in 2005for $94 million. Privately held WebTrends has annual revenueof $80 million, but has been losingg market share to rivals. Coleman is expectef to turn that around, a task he's quite familiar with. He's made a careere of being an interim CEO, workinh at 15 companies in the past 18 beforejoining WebTrends.
In his first weeks on the job, Colemanb cut 40 accounting andmarketing jobs. He'e also been meeting with WebTrends employees and delving intocompany It's part of his effort to refocud WebTrends on its products, marketzs and business processes. Nautilus Inc. Roberf Falcone could achieve more next year than any member ofthis year' list. Then again, he coulxd be the biggest bust. Nautilus shareholders voted Tuesdayy on a proposal to give control ofthe Vancouver-based fitness equipment company to the activist group .
Sherborne subsequentlh claimed victory, but Falcone said it's too close to If Sherborne wins, Falcone is out as CEO, even thoughu he'll retain a seat on the board. If shareholders ultimately side with Falcone will be faced with the daunting challenge of rebuilding Wall Street's faith in the struggling company. Nautilue shares traded for morethan $20 two year ago, but crashed in the wake of slow sales, fallingf to around $6 recently after the compan recorded a $13.4 million loss in the thirx quarter.
Falcone, who took the CEO job in has made several moves to improvethe company' performance, including laying off 9 percent of work force and cutting expenses by more than $10 millio annually. He's also implemented an inventory reduction plan that shouldpump $20 millio n into the company's coffer s and put the company's Pearl Izumi fitness apparel business on the Official results of the proxy vote won't be knownm for at least two weeks. Oregon's burgeoning green economy couldreach $2.
5 billion within the next 20 years, and the statr is in position to become a leader in clean First, the various projects in the works are going to need seriouas cash infusion to get off the Many will be clamoring for fundzs from Nancy Floyd. Floyd is founder and managingg director ofSan Francisco-base Nth Power, a VC firm that managew over $425 million and has invested in 45 energy companies sinc its founding in the mid-'90s. Nth Poweer was one of the earliest firms investing in the alternativeenergyy sector. Investor interest in clean energhy and other sustainability business spurred a new angelkinvestment group, the Oregon Sustainability Angels Network, and fund earliedr this year.
Floyd, alongv with Dave Chen, have alreadyy said they'll be involved with the as yet unnamed which they hope will growto $1 million to inves t in three companies, with some left over for follow-onh investments.
While some believe that Adams kept campaigningt after his 2004election -- he's an odds-onh favorite to win the mayoral spot outrightt in this spring's primary -- Cogenh seems to be seeking more subtle But on a commission doggef by controversy and with two lame-duck board members, his influence coulsd be significant. For the 300 employees of , all eyes will be on Brucer Colemanin 2008. As the interimm CEO of the Portland Webanalyticxs firm, he's been charged with turning the company arounx -- and quickly.
His stint is expecterd to last only six tonine months, after whicy a permanent CEO will be nameds or the company will perhaps be put up for WebTrends owner Francisco Partners brought Coleman into the fold in Novembet after abruptly ousting CEO Greg Drew and three othetr top executives. The San Francisco-based private equitt firm bought the company in 2005for $94 million. Privately held WebTrends has annual revenueof $80 million, but has been losingg market share to rivals. Coleman is expectef to turn that around, a task he's quite familiar with. He's made a careere of being an interim CEO, workinh at 15 companies in the past 18 beforejoining WebTrends.
In his first weeks on the job, Colemanb cut 40 accounting andmarketing jobs. He'e also been meeting with WebTrends employees and delving intocompany It's part of his effort to refocud WebTrends on its products, marketzs and business processes. Nautilus Inc. Roberf Falcone could achieve more next year than any member ofthis year' list. Then again, he coulxd be the biggest bust. Nautilus shareholders voted Tuesdayy on a proposal to give control ofthe Vancouver-based fitness equipment company to the activist group .
Sherborne subsequentlh claimed victory, but Falcone said it's too close to If Sherborne wins, Falcone is out as CEO, even thoughu he'll retain a seat on the board. If shareholders ultimately side with Falcone will be faced with the daunting challenge of rebuilding Wall Street's faith in the struggling company. Nautilue shares traded for morethan $20 two year ago, but crashed in the wake of slow sales, fallingf to around $6 recently after the compan recorded a $13.4 million loss in the thirx quarter.
Falcone, who took the CEO job in has made several moves to improvethe company' performance, including laying off 9 percent of work force and cutting expenses by more than $10 millio annually. He's also implemented an inventory reduction plan that shouldpump $20 millio n into the company's coffer s and put the company's Pearl Izumi fitness apparel business on the Official results of the proxy vote won't be knownm for at least two weeks. Oregon's burgeoning green economy couldreach $2.
5 billion within the next 20 years, and the statr is in position to become a leader in clean First, the various projects in the works are going to need seriouas cash infusion to get off the Many will be clamoring for fundzs from Nancy Floyd. Floyd is founder and managingg director ofSan Francisco-base Nth Power, a VC firm that managew over $425 million and has invested in 45 energy companies sinc its founding in the mid-'90s. Nth Poweer was one of the earliest firms investing in the alternativeenergyy sector. Investor interest in clean energhy and other sustainability business spurred a new angelkinvestment group, the Oregon Sustainability Angels Network, and fund earliedr this year.
Floyd, alongv with Dave Chen, have alreadyy said they'll be involved with the as yet unnamed which they hope will growto $1 million to inves t in three companies, with some left over for follow-onh investments.
Subscribe to:
Posts (Atom)