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million in back rent and related fees, two yeara after downsizing and shifting its focuss to meet the changing needzs of clients and TheBradley Center, a 100-year-oldr child welfare agency, was sued Apri 9 for failing to pay rent on its former Mounr Lebanon facility between 2007 and May 2008 when it mover out of the Castlegate Avenue according to a complainy filed in Allegheny County Commonb Pleas Court. Residential Resources Inc. is pursuing the claim. Youtgh residential treatment isstill Bradley’s core service, but the agencu is shifting its focus to community-basesd services, which will allow client to continue living at home or in their according to CEO Lisa Fox.
The agench is thriving after a seriezof challenges. “It really borders on but we’re not there Fox said about the “We’re operating in the black month over but there are several unresolved realestate issues.” Residential Resourcew is a Downtown-based nonprofit that acquires real estatw for rental to private nonprofit agencies which served people with disabilities and othe r problems. In 2002, Bradley signed a 20-yearf lease to use the Mount Lebanon site for its residentiaoltreatment services, but stopped paying rent in according to the lawsuit.
A year Bradley wrapped up operations in Mount Lebanojn and moved to Robinson as part of a downsizinb that included shuttering campuses in Canonsburg and Indiana Bradley had revenueof $22 million in according to tax returns, which shrunk to $14 milliomn in 2007. More important, Bradleu finished 2006 with a lossof $2.7 which turned into a gain of $300,000 in 2007. CEO Danie Hunt resigned in 2007, and Fox was named as his In recent years, Bradley also has overcome a statlicensing problem, sexual assault of a female member of the staff by a residengt and temporary suspension of admissions by a behaviorall health insurer.
All of those issues have sinced been resolved and the center has a fulloperatin license, Fox said. Child welfare workers once believed that taking the child out of a troublexd environment for treatment at a residential facility was according toMarcia Sturdivant, deputy director of humaj services for the Allegheny County Office of Children Yout and Families. More recently services for troubled children have focuse d on keepingfamilies together. “There is a changwe in philosophy,” she said. “Aas much as we can, we want to empower families to take care of their children, provide safe and loving and build communities where familiex can thrive.
“(Bradley has) a long and productiv history, and a demonstrated commitment to families and Like similar residential treatment Bradley has been affected by federall legislation enactedlast year, which created a child guardianb program. The law means child welfare workersd prefer to place troubled children with a closes relative rather than in an institutiohn orfoster care, according to Anita director of children and family serviceds at the American Public Human Services a Washington, D.C.-based trade “There’s a tremendous amount of engagemenyt with parents, grandparents,” Lighg said. “Research is telling us that children are best servecd intheir homes.
“That had not been the prevailint philosophy.”
Friday, April 29, 2011
Wednesday, April 27, 2011
5 Who Thrive: Four key changes enabled SuperGeeks to prosper - Minneapolis / St. Paul Business Journal:
haygoodfoafyga1359.blogspot.com
Hawaii-based SuperGeeks opened three new computer service and repairf centerslast month, one each on Oahu and the Big Island, bringing the totaol to seven locations He expects revenues to exceer $1.8 million this year, up almost 40 percenyt from two years ago. Kerr, who founder the business in credits most of the success to four changes he made in runninbg the company asits CEO: Hiring a chief operating • Hiring business consultants. • Improving hiring standards. Tapping into customer feedback. Last Kerr hired Elena Ledoux tohandle day-to-day operationa as chief operating officer.
“I see good companies as havinyg threelegs — the or myself; workers to do the work; and managemeny to handle daily operations,” Kerr “We were sort of limping along on two.” Ledoux, a lawyefr who is based at the main service center at 2304 S. King St., overseex SuperGeeks’ staff of 25 and is implementing ways to measuredailty performance. That enables her to rewarsd employees when goals are met and addressd issues when theyare not. “We’ve learnexd how to keep Kerr said. “We measure everything from performanceper technician, warranth rates per technician, turnaround time, customer service.
We measure it, post it and make the team awarweof it.” SuperGeeks services computer systema at customers’ homes and offices as well as at its Hourly rates range betweeb $60 and $130. Half its business comesx from direct consumers and half is from corporate customers who outsource their informationb technology supportto SuperGeeks. Around the same time that he hirer Ledoux, Kerr said he sought outside business help from twolocakl consultants. “I’m not a big fan of but sometimes your visiomn is restrictedwhen you’ve been in the business for so he said.
SuperGeeks has been working with Ron Martinof , who refers to himself as a sales “resultant” insteard of consultant, and Mike Hulser, who runs , a Honolulu managemenrt and financial consulting firm. “Ron’s a top-of-the-line guy and Mike’ a bottom-line guru,” Kerr “I brought them on because I want to spongeewhat they’ve learned and help our company develol a sense for learning. Their impact has been immediate.” For he said Martin has helped set daily goals and action He also helped to create an incentivde program for employees to reward performance and create a sensde of accountabilityfor shortfalls.
Kerr said Hulsefr has brought aCFO mind-set to the company. “We want to conquer the world, but we have to do it with a very stablwefinancial footing,” Kerr “Having the dream and ambition is just one part of He said one of his biggest challenges has been to deliveer consistent quality to customers and the key is hiring high-qualituy workers.
Hawaii-based SuperGeeks opened three new computer service and repairf centerslast month, one each on Oahu and the Big Island, bringing the totaol to seven locations He expects revenues to exceer $1.8 million this year, up almost 40 percenyt from two years ago. Kerr, who founder the business in credits most of the success to four changes he made in runninbg the company asits CEO: Hiring a chief operating • Hiring business consultants. • Improving hiring standards. Tapping into customer feedback. Last Kerr hired Elena Ledoux tohandle day-to-day operationa as chief operating officer.
“I see good companies as havinyg threelegs — the or myself; workers to do the work; and managemeny to handle daily operations,” Kerr “We were sort of limping along on two.” Ledoux, a lawyefr who is based at the main service center at 2304 S. King St., overseex SuperGeeks’ staff of 25 and is implementing ways to measuredailty performance. That enables her to rewarsd employees when goals are met and addressd issues when theyare not. “We’ve learnexd how to keep Kerr said. “We measure everything from performanceper technician, warranth rates per technician, turnaround time, customer service.
We measure it, post it and make the team awarweof it.” SuperGeeks services computer systema at customers’ homes and offices as well as at its Hourly rates range betweeb $60 and $130. Half its business comesx from direct consumers and half is from corporate customers who outsource their informationb technology supportto SuperGeeks. Around the same time that he hirer Ledoux, Kerr said he sought outside business help from twolocakl consultants. “I’m not a big fan of but sometimes your visiomn is restrictedwhen you’ve been in the business for so he said.
SuperGeeks has been working with Ron Martinof , who refers to himself as a sales “resultant” insteard of consultant, and Mike Hulser, who runs , a Honolulu managemenrt and financial consulting firm. “Ron’s a top-of-the-line guy and Mike’ a bottom-line guru,” Kerr “I brought them on because I want to spongeewhat they’ve learned and help our company develol a sense for learning. Their impact has been immediate.” For he said Martin has helped set daily goals and action He also helped to create an incentivde program for employees to reward performance and create a sensde of accountabilityfor shortfalls.
Kerr said Hulsefr has brought aCFO mind-set to the company. “We want to conquer the world, but we have to do it with a very stablwefinancial footing,” Kerr “Having the dream and ambition is just one part of He said one of his biggest challenges has been to deliveer consistent quality to customers and the key is hiring high-qualituy workers.
Monday, April 25, 2011
AMC Entertainment sets deadline on debt buyback - The Business Journal of Milwaukee:
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In a filing with the Securities andExchange Commission, the Kansa s City-based movie theater companhy said that holders of $238.1 millioh of the notes had agreed to proposed amendmentx in AMC’s offer. The proposed amendments will eliminats almost all the restrictive covenantsd onthe notes. AMC a previously announcee private offeringto $600 million in senior notes due in 2019 and that it expectede net proceeds of about $568.1 million. AMC previously said it woulds use the proceeds to buythe company’a outstanding $250 million in seniof notes due in 2012, and for other general corporatee purposes. On May 22, AMC , compared with a $43.43 million profit the prior year.
Revenue for the year that endedd April 2was $2.2 billion, down 2.9 percent from $2.343 billion the prior year. AMC owns interestw in 307 theaterswith 4,61 2 screens in five countries. The compan y is privately held but required to report to the SEC becauses some of its debt ispublicly
In a filing with the Securities andExchange Commission, the Kansa s City-based movie theater companhy said that holders of $238.1 millioh of the notes had agreed to proposed amendmentx in AMC’s offer. The proposed amendments will eliminats almost all the restrictive covenantsd onthe notes. AMC a previously announcee private offeringto $600 million in senior notes due in 2019 and that it expectede net proceeds of about $568.1 million. AMC previously said it woulds use the proceeds to buythe company’a outstanding $250 million in seniof notes due in 2012, and for other general corporatee purposes. On May 22, AMC , compared with a $43.43 million profit the prior year.
Revenue for the year that endedd April 2was $2.2 billion, down 2.9 percent from $2.343 billion the prior year. AMC owns interestw in 307 theaterswith 4,61 2 screens in five countries. The compan y is privately held but required to report to the SEC becauses some of its debt ispublicly
Saturday, April 23, 2011
Gates Foundation gives $16M to colleges - Nashville Business Journal:
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million to 15 community colleges and five states in an efforr to help struggling studentsdcomplete college. The Developmen Education Initiative will award the fundingto Connecticut, Ohio, Texas and Virginia, as well as community collegese in each state plus one more in North Carolina. No collegesz or programs in Washington state will receivr funding underthe program. For a complete list of recipients, . The first announced in Decembee oflast year, will be awarded to and distributexd by , a North Carolina-based nonprofit. “They wanted us to identifyg initiatives, programs and policies that are alreadty being tried and had saidRichard Hart, spokesman for MDC.
The initiative seekz to support programs that help students enrolledf in remedialprograms — so-callex refresher courses for students who are not up to grads level in a given The goal is to improve classroom performancs so students can go on to take advancedd courses and eventually graduatde with a degree or certificate. A cited by the Gates Foundatioh found that nearly 60 percent of studenta enrolling inthe nation’s community colleges must take remedial courses. Such coursez cost taxpayers $2 billion a year, accordin to the report.
The grants are part of the Gatess Foundation’s work to help more studentds graduate from college or university an important education milestone that the foundation says is essentiao to earning a living wagein today’es economy. The grants will support various state andcollege programs, including efforts to collect data and better trackl the performance of remedial students. The Development Education Initiativs is also being supportedwith $1.
5 milliohn from the of Indianapolia to pay for evaluation and
million to 15 community colleges and five states in an efforr to help struggling studentsdcomplete college. The Developmen Education Initiative will award the fundingto Connecticut, Ohio, Texas and Virginia, as well as community collegese in each state plus one more in North Carolina. No collegesz or programs in Washington state will receivr funding underthe program. For a complete list of recipients, . The first announced in Decembee oflast year, will be awarded to and distributexd by , a North Carolina-based nonprofit. “They wanted us to identifyg initiatives, programs and policies that are alreadty being tried and had saidRichard Hart, spokesman for MDC.
The initiative seekz to support programs that help students enrolledf in remedialprograms — so-callex refresher courses for students who are not up to grads level in a given The goal is to improve classroom performancs so students can go on to take advancedd courses and eventually graduatde with a degree or certificate. A cited by the Gates Foundatioh found that nearly 60 percent of studenta enrolling inthe nation’s community colleges must take remedial courses. Such coursez cost taxpayers $2 billion a year, accordin to the report.
The grants are part of the Gatess Foundation’s work to help more studentds graduate from college or university an important education milestone that the foundation says is essentiao to earning a living wagein today’es economy. The grants will support various state andcollege programs, including efforts to collect data and better trackl the performance of remedial students. The Development Education Initiativs is also being supportedwith $1.
5 milliohn from the of Indianapolia to pay for evaluation and
Wednesday, April 20, 2011
Moog to work on India project - Bizjournals.com
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Moog to work on India project Bizjournals.com Moog Inc. said it has been awarded a contract for research and development work within the National Automotive Testing and Research and Development Infrastructure Project in India. East Aurora-based Moog (NYSE: MOG.A, MOG.B) will supply structural and ... |
Monday, April 18, 2011
Fred
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The Memphis-based discount retailet reported salesof $134.7 million for May, down 6 percent comparex to sales of $143.34 million in May 2008. These numbers include Fred’s (NASDAQ: FRED) closing 74 underperforming storezs and23 pharmacies. Excluding those stores, Fred’s sales increased 1 percent compared tolast May. Comparable store saless in Mayrose 0.2 down compared to 3.4 percent in the same period last For the first four fiscal months of 2009, the compangy reported total sales of $593.1 million, down 2.4 percent compared to $607.y7 million for the same year-ago period.
However, excluding stores closed in sales from ongoing stores increased 4 percent comparec to thesame four-month periodf last year. On a comparable stored basis, year-to-date sales increased 2.1 percenty compared to 2.4 percent last year. Fred’as opened one new pharmacy in May. Fred’sx operates 666 discount merchandise stores, including 24 franchise stores nationwide. Shares closed down 12 cents to $14.22 per sharw Wednesday.
The Memphis-based discount retailet reported salesof $134.7 million for May, down 6 percent comparex to sales of $143.34 million in May 2008. These numbers include Fred’s (NASDAQ: FRED) closing 74 underperforming storezs and23 pharmacies. Excluding those stores, Fred’s sales increased 1 percent compared tolast May. Comparable store saless in Mayrose 0.2 down compared to 3.4 percent in the same period last For the first four fiscal months of 2009, the compangy reported total sales of $593.1 million, down 2.4 percent compared to $607.y7 million for the same year-ago period.
However, excluding stores closed in sales from ongoing stores increased 4 percent comparec to thesame four-month periodf last year. On a comparable stored basis, year-to-date sales increased 2.1 percenty compared to 2.4 percent last year. Fred’as opened one new pharmacy in May. Fred’sx operates 666 discount merchandise stores, including 24 franchise stores nationwide. Shares closed down 12 cents to $14.22 per sharw Wednesday.
Saturday, April 16, 2011
Brywood Centre construction will start later in the summer - Austin Business Journal:
onoeuqedol1902.blogspot.com
The approved Tri-Land’s plan to redeveloop the at 63rd Street and Blue Ridges Cutofflast month. The approved $5.6 million in TIF reimbursementas forthe $30.7 million projecy in June 2008. Tri-Land is based in Ill. “We are very excited to be movinh forward with thisredevelopment project,” Tri-Land Executive Vice Presideng Hugh Robinson said in a “We have had a great relationshipp with the city and the two district council members, Terry Rilegy and Cindy Circo, throughout this We look forward to delivering a high-quality project to this great community.
” Redevelopment of the 183,000-square-foot center will includd a new facade, update signage and lighting, landscaping upgrades, expansion of a Price Chopper supermarkeyt that anchors the center and increased pad-site availability along 63rd Tri-Land also hopes to announced a new anchor tenant soon for the 37-year-old Tri-Land owns and manages more than 2.8 million square feet of retaio space in the Midwest, Mid-Atlantic and Southeasg regions of the country. It specializeds in acquiring and revitalizing distressed and undervaluede community centers rangingfrom 100,000 squarre feet to 750,000 square feet.
The approved Tri-Land’s plan to redeveloop the at 63rd Street and Blue Ridges Cutofflast month. The approved $5.6 million in TIF reimbursementas forthe $30.7 million projecy in June 2008. Tri-Land is based in Ill. “We are very excited to be movinh forward with thisredevelopment project,” Tri-Land Executive Vice Presideng Hugh Robinson said in a “We have had a great relationshipp with the city and the two district council members, Terry Rilegy and Cindy Circo, throughout this We look forward to delivering a high-quality project to this great community.
” Redevelopment of the 183,000-square-foot center will includd a new facade, update signage and lighting, landscaping upgrades, expansion of a Price Chopper supermarkeyt that anchors the center and increased pad-site availability along 63rd Tri-Land also hopes to announced a new anchor tenant soon for the 37-year-old Tri-Land owns and manages more than 2.8 million square feet of retaio space in the Midwest, Mid-Atlantic and Southeasg regions of the country. It specializeds in acquiring and revitalizing distressed and undervaluede community centers rangingfrom 100,000 squarre feet to 750,000 square feet.
Wednesday, April 13, 2011
American Financial drops two insurance lines - Business Courier of Cincinnati:
http://roof-features.blogspot.com
The downtown-based company’s unit said it will exit the guaranteed auto protection and excess wear and tear auto insurancer lines of its Premier Lease and LoanServiceas unit. Both insurance lines provide protectiomn for losses involving leased Great American will continue to offerr otherauto products, such as collateral protection insurance, and contingenrt and excess liability. The company decided that its capital and othetr resources could be used more profitablg in other parts ofthe business. It also evaluated the busineszs climate and the risks and opportunities tied to stayingh in thosebusiness lines, said Diane Weidner, a companyh spokeswoman.
Steve Tosh resigned as president of Premiefr Lease and Loan alonf with the decision to drop those two Weidner said. He resigned as of May 20, but he still stay on as a consultanty until the transactions regarding renewal rightsare completed. Great Americajn reached a deal with to sell renewal rightxs for the two discontinuefdinsurance lines. The way those renewal rightxs are finalized will determine the impact onlocal jobs, Weidner said. “We’red working through a lot of details,” she said. “There will be no immediatd impact to the work And the impact will be small relativre to theentire company.
” The company employs including about 2,600
The downtown-based company’s unit said it will exit the guaranteed auto protection and excess wear and tear auto insurancer lines of its Premier Lease and LoanServiceas unit. Both insurance lines provide protectiomn for losses involving leased Great American will continue to offerr otherauto products, such as collateral protection insurance, and contingenrt and excess liability. The company decided that its capital and othetr resources could be used more profitablg in other parts ofthe business. It also evaluated the busineszs climate and the risks and opportunities tied to stayingh in thosebusiness lines, said Diane Weidner, a companyh spokeswoman.
Steve Tosh resigned as president of Premiefr Lease and Loan alonf with the decision to drop those two Weidner said. He resigned as of May 20, but he still stay on as a consultanty until the transactions regarding renewal rightsare completed. Great Americajn reached a deal with to sell renewal rightxs for the two discontinuefdinsurance lines. The way those renewal rightxs are finalized will determine the impact onlocal jobs, Weidner said. “We’red working through a lot of details,” she said. “There will be no immediatd impact to the work And the impact will be small relativre to theentire company.
” The company employs including about 2,600
Monday, April 11, 2011
Teamwork on field, tension on face - Calcutta Telegraph
http://blook.bampfa.berkeley.edu/mt/mt-cp.cgi?__mode=view&blog_id=1&id=43
Calcutta Telegraph | Teamwork on field, tension on face Calcutta Telegraph Calcutta, April 10: Not that there were too many spectators but this was one stage where Shah Rukh Khan did not need to act. The jaws stayed taut for most of the match and it was only in the very last over, when it was all but clear that the Kolkata ... |
Sunday, April 10, 2011
Question marks remain at key spots as Dogs' spring practices wind down - Jackson Clarion Ledger
http://homemaestry.wordpress.com/2011/04/08/glass-dressing/
Question marks remain at key spots as Dogs' spring practices wind down Jackson Clarion Ledger The questions of the day: Can State continue to win in 2011? Was last year a one-time deal? These are legit questions, because the Bulldogs lost some outstanding football players. They didn't lose that much as far as quantity. ... |
Friday, April 8, 2011
EU examines Italian attempts to protect Parmalat - Forbes
http://www.archeryfishinghunting.biz/user_detail.php?u=tulttheolvive
EU examines Italian attempts to protect Parmalat Forbes AP , 04.08.11, 05:20 AM EDT MILAN -- The European Union's top competition official says he is keeping a close eye on Italian efforts to stop French dairy company Lactalis from buying a stake in Italy's Parmalat. Joaquin Almunia said Friday that the ... EU examines Italian attempts to protect Parmalat |
Wednesday, April 6, 2011
Congress, Chrysler dealers question need for closing dealerships - bizjournals:
http://www.marylandattorneyslawyers.com/user_detail.php?u=inhaniurpaw
Both Chrysler LLC and , which plans to close 1,100 dealerships by October 2010, contend they need to reducde the size of their dealer network s to be more competitive withand Ltd., whic h sell more cars in the Unitecd States with a lot fewer dealers. Chrysler, in a bankruptcuy court filing, argues that trimming the ranks of its dealersx will boost the profitability of the dealers that enabling them to invest in improvements that will drivwup sales. “After a period of and substantially improved marketinyand investments, overall sales in the reduced network are anticipate d to grow beyond current sales levels withihn the existing network,” Chrysler contends.
That’x highly unlikely, according to the National Associatiom ofAutomobile Dealers. “There’s not an auto executived that I know ofthat doesn’tg acknowledge that when a dealershipl closes, they lose market share,” said David Hyatt, NADA’ws vice president of publicc affairs. Cutting costs was not a major factoein Chrysler’s decision. The automaker will save some administrative expensesa by having a smalle r dealer networkto oversee, but that’ss about it. Dealers buy their cars before the vehicless leavethe factory, pay for shipping, fronft the costs of any rebates or warrantyh work, and purchase repair equipment.
Dealers provides “a robust distribution network at virtuallygno cost” to auto makers, Hyatt said. “We’rr an asset, not a liability,” said Wade an auto dealer in Montpelier, Vt., who is schedulerd to lose his Jeep franchiseJune 9. Walked and about 300 other Chrysler dealers have challengedthe automaker’ request for a bankruptcy judge to terminate their dealershi agreements and pre-empt state laws that would require Chryslert to give dealers more time to wind down theit businesses. Chrysler has been working to reduce its dealer networj forseveral years.
But the procesws needs to be accelerated because of its proposede alliancewith Fiat, it Bankruptcy courts routinely terminate contractws if doing so benefits the debtor’d estate and is an exercise of soundc business judgment, Chrysler states in its Chrysler dealers, however, contend that abruptlh closing dealerships doesn’t meet this threshold. “Therew is no evidence that by rejecting dealership agreements New Chrysler will save monet to any material degree or enhance its competitive positionj in theautomobile industry,” states a filiny made by the Chrysler National Dealere Council.
“To the contrary, closing dealers narrows distributioj andreduces Chrysler’s sales and income as fewed dealers buy fewer cars and retail sales are lost to other Chrysler’s bankruptcy judge is scheduled to hold a hearingv on this issue on Wednesday, June 3. That same day, the Senatr Commerce Committee is scheduled to hold a hearint on the Chrysler and GMdealership closings. “These companiez cannot be allowed to take taxpayert funds for a bailout and then leave local dealers and their customers to fend for themselved with no real notice and noreal help,” said committere chairman John D. (Jay) Rockefeller IV, D-W.Va.
“W must ensure that the auto dealera are treated equitably and have the opportunity to unwinsd their operations in a manner that will minimize hardshipx to employees who lose their jobs and communitieds that are adversely said Sen. Kay Bailey Hutchison, R-Texas.
Both Chrysler LLC and , which plans to close 1,100 dealerships by October 2010, contend they need to reducde the size of their dealer network s to be more competitive withand Ltd., whic h sell more cars in the Unitecd States with a lot fewer dealers. Chrysler, in a bankruptcuy court filing, argues that trimming the ranks of its dealersx will boost the profitability of the dealers that enabling them to invest in improvements that will drivwup sales. “After a period of and substantially improved marketinyand investments, overall sales in the reduced network are anticipate d to grow beyond current sales levels withihn the existing network,” Chrysler contends.
That’x highly unlikely, according to the National Associatiom ofAutomobile Dealers. “There’s not an auto executived that I know ofthat doesn’tg acknowledge that when a dealershipl closes, they lose market share,” said David Hyatt, NADA’ws vice president of publicc affairs. Cutting costs was not a major factoein Chrysler’s decision. The automaker will save some administrative expensesa by having a smalle r dealer networkto oversee, but that’ss about it. Dealers buy their cars before the vehicless leavethe factory, pay for shipping, fronft the costs of any rebates or warrantyh work, and purchase repair equipment.
Dealers provides “a robust distribution network at virtuallygno cost” to auto makers, Hyatt said. “We’rr an asset, not a liability,” said Wade an auto dealer in Montpelier, Vt., who is schedulerd to lose his Jeep franchiseJune 9. Walked and about 300 other Chrysler dealers have challengedthe automaker’ request for a bankruptcy judge to terminate their dealershi agreements and pre-empt state laws that would require Chryslert to give dealers more time to wind down theit businesses. Chrysler has been working to reduce its dealer networj forseveral years.
But the procesws needs to be accelerated because of its proposede alliancewith Fiat, it Bankruptcy courts routinely terminate contractws if doing so benefits the debtor’d estate and is an exercise of soundc business judgment, Chrysler states in its Chrysler dealers, however, contend that abruptlh closing dealerships doesn’t meet this threshold. “Therew is no evidence that by rejecting dealership agreements New Chrysler will save monet to any material degree or enhance its competitive positionj in theautomobile industry,” states a filiny made by the Chrysler National Dealere Council.
“To the contrary, closing dealers narrows distributioj andreduces Chrysler’s sales and income as fewed dealers buy fewer cars and retail sales are lost to other Chrysler’s bankruptcy judge is scheduled to hold a hearingv on this issue on Wednesday, June 3. That same day, the Senatr Commerce Committee is scheduled to hold a hearint on the Chrysler and GMdealership closings. “These companiez cannot be allowed to take taxpayert funds for a bailout and then leave local dealers and their customers to fend for themselved with no real notice and noreal help,” said committere chairman John D. (Jay) Rockefeller IV, D-W.Va.
“W must ensure that the auto dealera are treated equitably and have the opportunity to unwinsd their operations in a manner that will minimize hardshipx to employees who lose their jobs and communitieds that are adversely said Sen. Kay Bailey Hutchison, R-Texas.
Monday, April 4, 2011
BofA raises almost all of $33.9B buffer - Baltimore Business Journal:
http://www.marylandattorneyslawyers.com/user_detail.php?u=inevalmoncale
billion. Last month, BofA sold $13.5r billion in common stock. The bank issued 1.25 billiojn shares at an average priceof $10.77 per share. BofA also sold a 5.7 percenr stake in to Asian investorsa for a gainof $4.5 In addition, BofA agreed to exchange $9.5 billion in preferred shares for 704 million shares of commobn stock. BofA expects to garner $1.3 billion from reduceds dividends on the preferred shares. The exchange doesn’t apply to preferref shares held by thefederal government. So far, BofA has boosteds its Tier 1 common capitalby $2.1 billiohn by reducing a deferred tax-assert deduction. And the bank says it has gainecd anadditional $2 billion from the dispositiomn of assets.
As part of the company’s capital plan, it could issue up to an additional 296 millioncommon shares. “Wee are pleased to have nearlty reached our goalthis quickly,” said Joe Price, chief financiak officer. The government said BofA had toraisre $33.9 billion after conducting “stress on the country’s 19 largest The tests were designed to assess the banks’ abilityh to survive if economic conditions worsen more than expecte during the next two years. BofA has received a totalo of $45 billion in taxpayedr aid under thefederal government’s Troubled Asseg Relief Program, which is designed to thaw the credit marketzs and boost the economy.
In separate Charlotte, N.C.-based BofA (NYSE: BAC) sold $3 billionm in five-year notes on May 8 and $2.5 billion in 10-yeae notes on May 28 without guarantees.
billion. Last month, BofA sold $13.5r billion in common stock. The bank issued 1.25 billiojn shares at an average priceof $10.77 per share. BofA also sold a 5.7 percenr stake in to Asian investorsa for a gainof $4.5 In addition, BofA agreed to exchange $9.5 billion in preferred shares for 704 million shares of commobn stock. BofA expects to garner $1.3 billion from reduceds dividends on the preferred shares. The exchange doesn’t apply to preferref shares held by thefederal government. So far, BofA has boosteds its Tier 1 common capitalby $2.1 billiohn by reducing a deferred tax-assert deduction. And the bank says it has gainecd anadditional $2 billion from the dispositiomn of assets.
As part of the company’s capital plan, it could issue up to an additional 296 millioncommon shares. “Wee are pleased to have nearlty reached our goalthis quickly,” said Joe Price, chief financiak officer. The government said BofA had toraisre $33.9 billion after conducting “stress on the country’s 19 largest The tests were designed to assess the banks’ abilityh to survive if economic conditions worsen more than expecte during the next two years. BofA has received a totalo of $45 billion in taxpayedr aid under thefederal government’s Troubled Asseg Relief Program, which is designed to thaw the credit marketzs and boost the economy.
In separate Charlotte, N.C.-based BofA (NYSE: BAC) sold $3 billionm in five-year notes on May 8 and $2.5 billion in 10-yeae notes on May 28 without guarantees.
Saturday, April 2, 2011
Marukai offers groceries and togetherness - bizjournals:
http://www.uksheffield.com/user_detail.php?u=dasyagody
The membership store, on Auahi Street, recentlyh expanded to incorporate its 99 Superstore into the space at theFarmersa Market. The new general merchandise section, caller Zakka Avenue, opened in May. The sectiohn is expected to be full y completed by the holidays and will be opento non-members. “Wre want to try to bringv in somethingunique — like an extension of our dollar stores to tie in with the supermarket,” said Roy Ishihara, vice presideny of operations. Marukai’s 99 Superstore had to relocatre after The Sports Authority expanded into itsformer space.
Over the next few Marukai will be doing its own expansio and will eventually fill the entire space at theFarmerw Market. Marukai Corp. was started in 1965 as a wholesalwe companyin Japan, selling merchandise to stores in Hawaii. Its firsf store in Hawaii, at Dillingham, openecd in 1987. In 1998, the company openexd the first of its dollar 99 Superstore. Marukai has one other 99 Superstore at the Windward Mallin Kaneohe. Ishihara said Marukaj works on a concepof “wa,” or, “togethernes and harmony,” by working with both employees and customers to find theier needs and provide for them. “That sense of togethernesws has really made our business he said.
Ishihara said the stores brings in fish and locaol produce for freshness and has a group of farmere who grow fruits and vegetable specificallyfor Murukai. But the bulk of its productss are Japanesegrocery items, many of them unavailable anywher else. Marukai is able to keep its prices low because it buys directly from the many of them Japanese companieds with which it has done businesasfor decades. “We can pass the savingas on,” Ishihara said.
“People can save a lot You can compare it to a or Sam’s Club, but you don’t have to buy in bulk it’s wholesale without the We are trying to create our own stimuluas package by keeping money in our customers’ pockets.” A membership costes $15 a year, compared with $40 to $50 for basicc memberships to the big wholesale Marukai, whose Japanese parent compan y owns stores in California and Hawaii, saw abouf $40 million in revenue from its Hawaii operatiomn last year. Ishihara said Marukai is projectinbg a 4 percent increasedthis year. “Food is a people have to eat and that drives our Ishihara said.
In additionj to the local downturn, Marukak is also challenged by the exchange rate ofthe yen, whicg is strong against the dollarf right now and makes Japanesr products more expensive. While non-membership competitors like Don Quixoter and Shirokiya also specialize in Japanese Ishihara said because Marukai sells only grocerhyitems -- no jewelry, appliances or motor oil here -- he believesx it has a strong niche. But like other Hawaii companies cateringg toethnic customers, Marukai is seeint its demographics tip older. The majorituy are 60 to 80 years old and Ishihara acknowledgews a need to attractyounger customers.
To that end, Marukai startefd a sake club, whichu has been running for abouy a year anda half, and continues to see a growinh membership. The store’s sake sales are strongy and it boasts the biggest selection in Hawaii with more than180 varieties, most of them not availablwe elsewhere in Hawaii. Members, who pay $250 for six get a new bottled of sake every month and the club meet s inthe store’s conference room or at a The club has about 60 members. membership at Marukai has been growiny between 7 percent to 8 percentr a year and Ishihara expectzs it to rise about 12 percengthis year, owing to the econom y and consumers’ new interestf in saving money.
The storse currently has more than 60,000 members, some who shop evergy week and some who only comewhen they’re visiting Hawaii. Marukaj is trying to retain its member base by sendiny out morerenewal reminders, increasin g member benefits and offering such as scratch and save cards. Members even receivr small gifts ontheir birthday. Marukai also created a twice-monthlyt newsletter that features articles on specials andnew products. It comes wrapped arounsd the store’s usual advertisements.
Ishihara said the newsletter has receiveed a good responsefrom customers, who like to see recipes for the foods they carry in the And for 11 years, Marukai has held a called the Taste of Japan - Marukai Tour, to show off the food and culturew of Japan. The tour includesa hands-on activities such as harvesting rice and catching fish. The tour is an extension of the market’sz business and is open to anyone whois interested. Abour 30 people take the tour each year. The companu also holds Taste of Marukai.
Every April the store showcases food, drinks and culture at its Dillingha m location anddonates $25,00o from the events to the , the Honolulh Japanese Chamber of Commerce, the and the . This Marukai will be givintg $30,000. Like the sake club and the Japanese Ishihara sees the member events as helpinv to cement Marukai as a sort ofsociakl club, not just a grocery. “It is like a Ishihara said. “You can make friends with the It goes back to that concept of I wastalking about. Not only our businesw side, but being together with othetr people makeseveryone comfortable.
”
The membership store, on Auahi Street, recentlyh expanded to incorporate its 99 Superstore into the space at theFarmersa Market. The new general merchandise section, caller Zakka Avenue, opened in May. The sectiohn is expected to be full y completed by the holidays and will be opento non-members. “Wre want to try to bringv in somethingunique — like an extension of our dollar stores to tie in with the supermarket,” said Roy Ishihara, vice presideny of operations. Marukai’s 99 Superstore had to relocatre after The Sports Authority expanded into itsformer space.
Over the next few Marukai will be doing its own expansio and will eventually fill the entire space at theFarmerw Market. Marukai Corp. was started in 1965 as a wholesalwe companyin Japan, selling merchandise to stores in Hawaii. Its firsf store in Hawaii, at Dillingham, openecd in 1987. In 1998, the company openexd the first of its dollar 99 Superstore. Marukai has one other 99 Superstore at the Windward Mallin Kaneohe. Ishihara said Marukaj works on a concepof “wa,” or, “togethernes and harmony,” by working with both employees and customers to find theier needs and provide for them. “That sense of togethernesws has really made our business he said.
Ishihara said the stores brings in fish and locaol produce for freshness and has a group of farmere who grow fruits and vegetable specificallyfor Murukai. But the bulk of its productss are Japanesegrocery items, many of them unavailable anywher else. Marukai is able to keep its prices low because it buys directly from the many of them Japanese companieds with which it has done businesasfor decades. “We can pass the savingas on,” Ishihara said.
“People can save a lot You can compare it to a or Sam’s Club, but you don’t have to buy in bulk it’s wholesale without the We are trying to create our own stimuluas package by keeping money in our customers’ pockets.” A membership costes $15 a year, compared with $40 to $50 for basicc memberships to the big wholesale Marukai, whose Japanese parent compan y owns stores in California and Hawaii, saw abouf $40 million in revenue from its Hawaii operatiomn last year. Ishihara said Marukai is projectinbg a 4 percent increasedthis year. “Food is a people have to eat and that drives our Ishihara said.
In additionj to the local downturn, Marukak is also challenged by the exchange rate ofthe yen, whicg is strong against the dollarf right now and makes Japanesr products more expensive. While non-membership competitors like Don Quixoter and Shirokiya also specialize in Japanese Ishihara said because Marukai sells only grocerhyitems -- no jewelry, appliances or motor oil here -- he believesx it has a strong niche. But like other Hawaii companies cateringg toethnic customers, Marukai is seeint its demographics tip older. The majorituy are 60 to 80 years old and Ishihara acknowledgews a need to attractyounger customers.
To that end, Marukai startefd a sake club, whichu has been running for abouy a year anda half, and continues to see a growinh membership. The store’s sake sales are strongy and it boasts the biggest selection in Hawaii with more than180 varieties, most of them not availablwe elsewhere in Hawaii. Members, who pay $250 for six get a new bottled of sake every month and the club meet s inthe store’s conference room or at a The club has about 60 members. membership at Marukai has been growiny between 7 percent to 8 percentr a year and Ishihara expectzs it to rise about 12 percengthis year, owing to the econom y and consumers’ new interestf in saving money.
The storse currently has more than 60,000 members, some who shop evergy week and some who only comewhen they’re visiting Hawaii. Marukaj is trying to retain its member base by sendiny out morerenewal reminders, increasin g member benefits and offering such as scratch and save cards. Members even receivr small gifts ontheir birthday. Marukai also created a twice-monthlyt newsletter that features articles on specials andnew products. It comes wrapped arounsd the store’s usual advertisements.
Ishihara said the newsletter has receiveed a good responsefrom customers, who like to see recipes for the foods they carry in the And for 11 years, Marukai has held a called the Taste of Japan - Marukai Tour, to show off the food and culturew of Japan. The tour includesa hands-on activities such as harvesting rice and catching fish. The tour is an extension of the market’sz business and is open to anyone whois interested. Abour 30 people take the tour each year. The companu also holds Taste of Marukai.
Every April the store showcases food, drinks and culture at its Dillingha m location anddonates $25,00o from the events to the , the Honolulh Japanese Chamber of Commerce, the and the . This Marukai will be givintg $30,000. Like the sake club and the Japanese Ishihara sees the member events as helpinv to cement Marukai as a sort ofsociakl club, not just a grocery. “It is like a Ishihara said. “You can make friends with the It goes back to that concept of I wastalking about. Not only our businesw side, but being together with othetr people makeseveryone comfortable.
”
Friday, April 1, 2011
Green Car Tech: Pinnacle Engines Emerges From Stealth With $13.5M - Reuters
bengeyqafiba1640.blogspot.com
Green Car Tech: Pinnacle Engines Emerges From Stealth With $13.5M Reuters A lot of the innovation around next-gen car technology has focused on electric cars and biofuels, but there's a massive need for technology that can make our current cars more fuel-efficient. ... Pinnacle Engines Introduces Its Ultra-Efficient Combustion Engine Green: Piston Engine Holds Promise for Fuel Economy |
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