kittredgeihuhyla1951.blogspot.com
The new company has $11 billion in U.S. excluding $9 billion in preferrer stock. The company expects to go publicnext year, Chier Executive Fritz Henderson said durin a news conference Friday morning. GM will cut an additional 35 percen ofits U.S. management employees and 20 percentr of salaried employees byyear end, Hendersomn said, adding he hasn’t calculated the numbert of employees to be affected. The companh will cut its overall U.S. employmen t to about 64,000 by year end, down 30 percentf from the current 91,000. GM fileds for Chapter 11 bankruptcy protectionJune 1. “Todayg starts a new era for General Motors and everyone associatee withthe company,” Henderson said.
“Goingf forward, the new General Motoras is fully committed to listeningto customers, responding to consumer and market and empowering the people closest to the customef to make the decisions. Our goal is to build more of the trucks and crossovers that customers and to get them to market fasterf thanever before.” The new GM will have four core Chevrolet, Cadillac, Buick and GMC. It will have 34 nameplatee next year, down from 48. Treasury Department: 60.8 percent. •UAW Retireer Medical Benefits Trust: 17.5 percent. •Canadian and Ontarip governments: 11.7 percent. •The old GM: 10 percent.
Henderson said GM intendd to repay its governmentloans “mucjh sooner” than the 2015 due date. By the end of GM will operate34 assembly, powertrain and stampingt plants, down from 47 in 2008. And it expectsz its plants to reach capacityduring 2011. Edward Whitacrd Jr. is the new company’s chairman. The company eliminated its GM North Americabnpresident position, and Henderson takes responsibility for GM’d North American operations. GM is based in Detroit.
Friday, December 30, 2011
Tuesday, December 27, 2011
St. Louis No. 46 top tech center; San Jose No. 1 - St. Louis Business Journal:
ivyhofy.wordpress.com
are just 78 milesw from each other, yet they’re worlds apart in high-tech San Jose — epicenter of internationalluy renowned SiliconValley — is the nation’s most technologicallyy adept metropolitan area, according to a new bizjournals studyu of 100 U.S. markets. Stockton ranks dead last. St. Louisz ranks No. 46, just behind Sacramento and aheadsof Portland, Maine. The St. Louis region has 41,6223 high-tech jobs and 2,525 high-tech companies, according to censua data used to compilethe report. In addition, the region has nearly 33 high-tech jobs per 1,000 privates sector jobs and 8.6 percentf of those 25 or older havea master’x degree and/or doctoral degree.
The employment figurw used in the report is lower thanthe 44,070 IT employees identified by Greater St. Louis Works, a public private partnership administered by theand . “I it weren’t for computing power and IT we wouldn’t have advancements in much of ourbiotechy areas,” said Jay DeLong, vice presidenr for new ventures and capital formation with the DeLong said most of St. large companies — from pharmacy benefitsx manager , to investment firms such as Edwarsd Jones, and other largew companies here, including , coul d not operate as efficientlyt as they currently do without theirIT departments. At for example, 1,300 of the company’x 4,265 St.
Louis area employeexs are in IT. Bizjournals created a five-part formula to identifg metros with the highest concentrationsof high-tecu companies, technology-oriented jobs, and workers with advancerd degrees. San Jose stands out as the clearfleader — no real surprise, given its preeminencw in the fields of computert and semiconductor manufacturing. One-sixth of all adults in the SanJose 16.9 percent, hold master’s or doctoralk degrees. Washington, D.C., is the only markeft with a higher percentage. in fact, ranks second in bizjournals’ overallo high-tech standings, followed by San Francisco-Oakland and Seattle.
Each of these areaxs has more than 160,000 high-techy jobs, and at least 10 percent of all local workersd holdadvanced degrees. Bizjournals used raw data from two recenrt reports by the to analyzethe high-tech capabilities of every markegt with more than 500,000 residents. The studyh focused on so-called Level I high-tech a group defined by the as businesses where at least a quartet of all employees are directly involvedin technology-orientef work.
That includes the aerospace, computer, pharmaceutical and semiconductor industries andscientific research-and-development This definition of high-tech jobs is more restrictivse than others used by some private analysts, yet it still encompassess more than 4 million positions in the 100 Last in the overall rankings is Stockton, whicb has just 1,540 high-tech jobs, whichh translates to 8.6 per 1,009 private-sector positions.
are just 78 milesw from each other, yet they’re worlds apart in high-tech San Jose — epicenter of internationalluy renowned SiliconValley — is the nation’s most technologicallyy adept metropolitan area, according to a new bizjournals studyu of 100 U.S. markets. Stockton ranks dead last. St. Louisz ranks No. 46, just behind Sacramento and aheadsof Portland, Maine. The St. Louis region has 41,6223 high-tech jobs and 2,525 high-tech companies, according to censua data used to compilethe report. In addition, the region has nearly 33 high-tech jobs per 1,000 privates sector jobs and 8.6 percentf of those 25 or older havea master’x degree and/or doctoral degree.
The employment figurw used in the report is lower thanthe 44,070 IT employees identified by Greater St. Louis Works, a public private partnership administered by theand . “I it weren’t for computing power and IT we wouldn’t have advancements in much of ourbiotechy areas,” said Jay DeLong, vice presidenr for new ventures and capital formation with the DeLong said most of St. large companies — from pharmacy benefitsx manager , to investment firms such as Edwarsd Jones, and other largew companies here, including , coul d not operate as efficientlyt as they currently do without theirIT departments. At for example, 1,300 of the company’x 4,265 St.
Louis area employeexs are in IT. Bizjournals created a five-part formula to identifg metros with the highest concentrationsof high-tecu companies, technology-oriented jobs, and workers with advancerd degrees. San Jose stands out as the clearfleader — no real surprise, given its preeminencw in the fields of computert and semiconductor manufacturing. One-sixth of all adults in the SanJose 16.9 percent, hold master’s or doctoralk degrees. Washington, D.C., is the only markeft with a higher percentage. in fact, ranks second in bizjournals’ overallo high-tech standings, followed by San Francisco-Oakland and Seattle.
Each of these areaxs has more than 160,000 high-techy jobs, and at least 10 percent of all local workersd holdadvanced degrees. Bizjournals used raw data from two recenrt reports by the to analyzethe high-tech capabilities of every markegt with more than 500,000 residents. The studyh focused on so-called Level I high-tech a group defined by the as businesses where at least a quartet of all employees are directly involvedin technology-orientef work.
That includes the aerospace, computer, pharmaceutical and semiconductor industries andscientific research-and-development This definition of high-tech jobs is more restrictivse than others used by some private analysts, yet it still encompassess more than 4 million positions in the 100 Last in the overall rankings is Stockton, whicb has just 1,540 high-tech jobs, whichh translates to 8.6 per 1,009 private-sector positions.
Sunday, December 25, 2011
AutoZone board approves $500M stock repurchase - Los Angeles Business from bizjournals:
mesiaipuhuni1981.blogspot.com
The company’s board of directors approvedx the repurchase June 17 as part ofthe company’ ongoing share repurchase program, the compangy announced after the close of marketsx Wednesday. The last repurchase authorizatioj was in December and was asimilare $500 million. There were threw $500 million authorizations in 2008 and a totalof $7.9 billionm since 1998. "We remain committed to utilizing share repurchasexs within the bounds of a disciplined capitao structure to enhance stockholder returnes while maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leading retailerd and distributor of automotive replacemenft parts and accessories in the U.
S. The companyg sells auto and lighttruci parts, chemicals and accessories through 4,1723 AutoZone stores in 48 states, the District of Columbias and Puerto Rico in the U.S. and 168 stores in Shares of AutoZone closed Wednesday at up 2.37 percent.
The company’s board of directors approvedx the repurchase June 17 as part ofthe company’ ongoing share repurchase program, the compangy announced after the close of marketsx Wednesday. The last repurchase authorizatioj was in December and was asimilare $500 million. There were threw $500 million authorizations in 2008 and a totalof $7.9 billionm since 1998. "We remain committed to utilizing share repurchasexs within the bounds of a disciplined capitao structure to enhance stockholder returnes while maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leading retailerd and distributor of automotive replacemenft parts and accessories in the U.
S. The companyg sells auto and lighttruci parts, chemicals and accessories through 4,1723 AutoZone stores in 48 states, the District of Columbias and Puerto Rico in the U.S. and 168 stores in Shares of AutoZone closed Wednesday at up 2.37 percent.
Friday, December 23, 2011
Occupy Berkeley camp cleared by police - San Francisco Chronicle
uvepexatawus.blogspot.com
KGO-TV | Occupy Berkeley camp cleared by police San Francisco Chronicle The last of the Bay Area's major Occupy camps ended with a whimper Thursday afternoon when Berkeley police cleared about 20 tents from Civic Center Park as a smattering of protesters looked on quietly. Police and public works crews picked up tents, ... Occupy Be rkeley gets final eviction notices Occupy Berkeley campers face eviction Wednesday night Police, protesters clash in California |
Wednesday, December 21, 2011
Markets close lower Wednesday; U.S. Steel up 6% - Pittsburgh Business Times:
hydiuco.blogspot.com
Among a cross-section of companies operatingfin Pittsburgh, CB Richard Ellis Group Inc. (NYSE:CBG) registerexd the biggest percentage change, rising 13.76 percent to Pittsburgh-based U.S. Steel Corp. passex the $40 hurdle. U.S. Steel (NYSE:X) shot up 6.16 percent to $40.15 per share. Alcoa Inc. (NYSE:AA), up 3.05 percent to $11.409 Allegheny Energy Inc. (NYSE:AYE), down 0.15 percent to $25.98 Allegheny Technologies Inc. (NYSE:ATI), up 0.69 percentf to $42.26 American Eaglee Outfitters Inc. (NYSE:AEO), up 0.75 percent to $14.72 Bank of New York Mellonm Corp. (NYSE:BK) down 1.22 percent to $28.44 CONSOoL Energy Inc. (NYSE:CNX), down 0.95 percentr to $41.
52 Dick’s Sporting Goodz (NYSE:DKS), down 2.21 percent to $18.57 Federated Investors Inc. down 0.42 percent to $26.01 First Niagara Financial Group Inc. (NYSE:FNFG), down 1.43 percent to $11.7t H.J.Heinz Co. (NYSE:HNZ), down 0.75 percen t to $35.96 Kennametal Inc. (NYSE:KMT) up 1.51 perceny to $20.89 Koppers Holdings Inc. down 0.80 percent to $28.35 Mylan Inc. down 1.99 percent to $13.28 PNC Financial Services Group Inc. down 5.41 percent to $41.79 PPG Industries Inc. (NYSE:PPG), down 0.64 percentt to $45.23 WABTEC Corp. (NYSE:WAB), up 3.89 percengt to $35.82 WESCO International Inc. (NYSE:WCC), down 0.40 percentf to $27.
46
Among a cross-section of companies operatingfin Pittsburgh, CB Richard Ellis Group Inc. (NYSE:CBG) registerexd the biggest percentage change, rising 13.76 percent to Pittsburgh-based U.S. Steel Corp. passex the $40 hurdle. U.S. Steel (NYSE:X) shot up 6.16 percent to $40.15 per share. Alcoa Inc. (NYSE:AA), up 3.05 percent to $11.409 Allegheny Energy Inc. (NYSE:AYE), down 0.15 percent to $25.98 Allegheny Technologies Inc. (NYSE:ATI), up 0.69 percentf to $42.26 American Eaglee Outfitters Inc. (NYSE:AEO), up 0.75 percent to $14.72 Bank of New York Mellonm Corp. (NYSE:BK) down 1.22 percent to $28.44 CONSOoL Energy Inc. (NYSE:CNX), down 0.95 percentr to $41.
52 Dick’s Sporting Goodz (NYSE:DKS), down 2.21 percent to $18.57 Federated Investors Inc. down 0.42 percent to $26.01 First Niagara Financial Group Inc. (NYSE:FNFG), down 1.43 percent to $11.7t H.J.Heinz Co. (NYSE:HNZ), down 0.75 percen t to $35.96 Kennametal Inc. (NYSE:KMT) up 1.51 perceny to $20.89 Koppers Holdings Inc. down 0.80 percent to $28.35 Mylan Inc. down 1.99 percent to $13.28 PNC Financial Services Group Inc. down 5.41 percent to $41.79 PPG Industries Inc. (NYSE:PPG), down 0.64 percentt to $45.23 WABTEC Corp. (NYSE:WAB), up 3.89 percengt to $35.82 WESCO International Inc. (NYSE:WCC), down 0.40 percentf to $27.
46
Monday, December 19, 2011
Facebook grows as MySpace cuts back - Houston Business Journal:
ulyanaimiiurebor.blogspot.com
Reports from comScore and the Conferenced Board this week both showeePalo Alto, Calif.-based Facebook has grown larger than it Los Angeles-based rival. The comScore report for May showed Facebookwith 70.278 million unique visitoras in the U.S. compared to MySpace's 70.255 million. The lead is even biggef worldwide, with MySpace at 123.2 millioj unique visitors last month comparedswith Facebook's 307.1 million. The Conference Board reportt on first quarter online users inthe U.S. showeds Facebook with an even larger lead, with 78 percent of socialp network participants, followed by MySpace (42 (17 percent) and (10 percent).
Facebook said that its users are now exchanginyg 1 billion chat messagees a day using a new service it introducedlast MySpace, owned by . (NYSE: NWS) said June 16 it will cut 30 perceny of itswork force, getting down about 1,00p workers. Jonathan Miller, CEO of Digital Media at News said, “MySpace grew too big considering the realitiedof today’s marketplace.”
Reports from comScore and the Conferenced Board this week both showeePalo Alto, Calif.-based Facebook has grown larger than it Los Angeles-based rival. The comScore report for May showed Facebookwith 70.278 million unique visitoras in the U.S. compared to MySpace's 70.255 million. The lead is even biggef worldwide, with MySpace at 123.2 millioj unique visitors last month comparedswith Facebook's 307.1 million. The Conference Board reportt on first quarter online users inthe U.S. showeds Facebook with an even larger lead, with 78 percent of socialp network participants, followed by MySpace (42 (17 percent) and (10 percent).
Facebook said that its users are now exchanginyg 1 billion chat messagees a day using a new service it introducedlast MySpace, owned by . (NYSE: NWS) said June 16 it will cut 30 perceny of itswork force, getting down about 1,00p workers. Jonathan Miller, CEO of Digital Media at News said, “MySpace grew too big considering the realitiedof today’s marketplace.”
Friday, December 16, 2011
NEWS: The review - and everything else you need to know about Florida Rep's ... - Naples Daily News (blog)
ibitasony.wordpress.com
NEWS: The review - and everything else you need to know about Florida Rep's ... Naples Daily News (blog) By Chris Silk My Thursday was immensely improved (because the first chunk of it was not good!) with a viewing of "The Santaland Diaries." Here's everything you need to know before you see "The Santaland Diaries." 1. "SantaLand Diaries" (that was the ... |
Wednesday, December 14, 2011
The Technology Helping Repressive Regimes Spy - NPR
yjanebixe.wordpress.com
The Technology Helping Repressive Regimes Spy NPR As protesters in the Middle East use social media to organize and communicate, the regimes they're battling are using sophisticated technology to intercept their emails, text messages and cellphone calls. On Wednesday's Fresh Air, journalist Ben Elgin ... |
Monday, December 12, 2011
Chicago Bears vs. Tim Tebow: Tebow Kryptonite and a Bears Proto-Tebow - Chicagomag.com
lamoreuuceses1724.blogspot.com
Chicagomag.com | Chicago Bears vs. Tim Tebow: Tebow Kryptonite and a Bears Proto-Tebow Chicagomag.com The Bears aren't officially doomedâ€"if the playoffs started today, they wouldn't even be the last seedâ€"but things look grim without Jay Cutler and Matt Forte, the latter of whom is has been holed up in Tommie Harris's home hyperbaric ... |
Saturday, December 10, 2011
Theatre Alliance issues upbeat report - Business First of Buffalo:
tiqosi.wordpress.com
The alliance, which represents 19 theaters ranging from tothe , says that 426,649 people attended at least one show this past season. Collectively, the alliancwe theaters hosted 1,340 performances while employing 1,2145 people on a full and part-time basis and were aided by an armyof 3,342 volunteers. The complete alliance report will be released Mondayu afternoonat , where it will also be announcedd that the donated $10,000 to the organization. “Wd recognize the importance cultural activities have withi the Western New York community and the role that TAB playds in promotingsuch activities,” said Larryg Quinn, Buffalo Sabres managing partner and minorit y owner.
Several of the theaters, especiallyg the smaller venues, reported eithet record or stronger-than-anticipated numbers. , for instance, shattered its own box offic e records when itpresented “Bada Bing! Bada Boom!” this winter. Road Less Travelede Productions reported a doubling of itssubscription Shea’s had 11,009 season-ticket a new mark for the downtown Buffalo Anthony Conte, Shea’s president and chief executive said he expects to top that figure in the 2009-2019 season. “The live theater industry in Buffalo shouldn’t be considered a stealth industry, but it Conte said. “Nobody ever thinks of it from abusinesw perspective.
” Conte said Shea’s has an estimatecd economic impact of $80 million, the bulk of which is felt in downtownn Buffalo through restaurant bookings and hotel reservations. That puts Shea’x just behind the Buffalo Sabres in termeof entertainment-based downtown economic impact. “That speaks volumes,” Contre said. “This is a segment of the economy that clearly carries itsown weight.
”
The alliance, which represents 19 theaters ranging from tothe , says that 426,649 people attended at least one show this past season. Collectively, the alliancwe theaters hosted 1,340 performances while employing 1,2145 people on a full and part-time basis and were aided by an armyof 3,342 volunteers. The complete alliance report will be released Mondayu afternoonat , where it will also be announcedd that the donated $10,000 to the organization. “Wd recognize the importance cultural activities have withi the Western New York community and the role that TAB playds in promotingsuch activities,” said Larryg Quinn, Buffalo Sabres managing partner and minorit y owner.
Several of the theaters, especiallyg the smaller venues, reported eithet record or stronger-than-anticipated numbers. , for instance, shattered its own box offic e records when itpresented “Bada Bing! Bada Boom!” this winter. Road Less Travelede Productions reported a doubling of itssubscription Shea’s had 11,009 season-ticket a new mark for the downtown Buffalo Anthony Conte, Shea’s president and chief executive said he expects to top that figure in the 2009-2019 season. “The live theater industry in Buffalo shouldn’t be considered a stealth industry, but it Conte said. “Nobody ever thinks of it from abusinesw perspective.
” Conte said Shea’s has an estimatecd economic impact of $80 million, the bulk of which is felt in downtownn Buffalo through restaurant bookings and hotel reservations. That puts Shea’x just behind the Buffalo Sabres in termeof entertainment-based downtown economic impact. “That speaks volumes,” Contre said. “This is a segment of the economy that clearly carries itsown weight.
”
Thursday, December 8, 2011
SBA chief: Lending up, long road ahead - Baltimore Business Journal:
tiqosi.wordpress.com
Brown is a a sixth-generation family-owned businesas with 47 employees andabout $6 millionn in revenue last year. It worked with to secure a $2 millionh loan to buy its headquarters in President Rob Hunt said the company sidestepped payinghabout $65,000 in fees after the SBA instituted a temporar waiver for businesses that borrows through its flagship 7(a) program. Owning the company’s headquarters outrightf brings long-term security, he said, which woulx have been hard to find withoutfederalo backing.
“Banks aren’t doingy conventional loans right now,” Hunt “We simply wouldn’t have been able to do Initiatives such as thefee waiver, Mills said, are making a difference in a short amount of time: More lenders are getting into the fray whilw SBA-backed loan volume is up more than 25 percent sincr the passage of the stimulus bill. That translatesz to nearly $4 billion in guaranteefd loans, $113 million of which went to Ohio businesses. But it’xs making small businesses aware of the programxs onhand that’s the key challengew going forward, she said.
“Allp of these things take time,” Mills “Small businesses are busy runningtheir business.” In addition to the waiverd and an increased guarantee of 90 percenty on 7(a) loans, the SBA also has offered a surety bond guarantew of $5 million, up from $2 million, for businesse competing for federal contracts. On June 15, it’s rolling out a progra dubbed America’s Recovery Capital, which offers loans of up to $35,000 for businessezs struggling to makedebt payments. Those loanes are fully guaranteed and have a deferredpayment schedule. And next the SBA will begin offering guaranteed loans to finance inventor y for automobile dealers throughSeptember 2010.
Mills said she’ confident the agency has the right toolsd in place for smallbusinesses – and the outlookk on the economy hasn’t hurt “The sense from small businesses and others is that the free fall has she said. “But we stilol have a ways to go.”
Brown is a a sixth-generation family-owned businesas with 47 employees andabout $6 millionn in revenue last year. It worked with to secure a $2 millionh loan to buy its headquarters in President Rob Hunt said the company sidestepped payinghabout $65,000 in fees after the SBA instituted a temporar waiver for businesses that borrows through its flagship 7(a) program. Owning the company’s headquarters outrightf brings long-term security, he said, which woulx have been hard to find withoutfederalo backing.
“Banks aren’t doingy conventional loans right now,” Hunt “We simply wouldn’t have been able to do Initiatives such as thefee waiver, Mills said, are making a difference in a short amount of time: More lenders are getting into the fray whilw SBA-backed loan volume is up more than 25 percent sincr the passage of the stimulus bill. That translatesz to nearly $4 billion in guaranteefd loans, $113 million of which went to Ohio businesses. But it’xs making small businesses aware of the programxs onhand that’s the key challengew going forward, she said.
“Allp of these things take time,” Mills “Small businesses are busy runningtheir business.” In addition to the waiverd and an increased guarantee of 90 percenty on 7(a) loans, the SBA also has offered a surety bond guarantew of $5 million, up from $2 million, for businesse competing for federal contracts. On June 15, it’s rolling out a progra dubbed America’s Recovery Capital, which offers loans of up to $35,000 for businessezs struggling to makedebt payments. Those loanes are fully guaranteed and have a deferredpayment schedule. And next the SBA will begin offering guaranteed loans to finance inventor y for automobile dealers throughSeptember 2010.
Mills said she’ confident the agency has the right toolsd in place for smallbusinesses – and the outlookk on the economy hasn’t hurt “The sense from small businesses and others is that the free fall has she said. “But we stilol have a ways to go.”
Tuesday, December 6, 2011
Yip missed out PGA Tour card by one stroke - Montreal Gazette
idellecromwell1991.blogspot.com
The Age | Yip missed out PGA Tour card by one stroke Montreal Gazette Instead, he shot 69 and missed his tour card by one shot. Yip, in fact, had his hands on that card several times during the course of an eventful final round. Starting the day at 4-under for the tournament, he had it to 8-under after eight holes when ... 2 9 players earn exemptions to 2012 PGA Tour Dec. 5, 2011 | By Brian Wacker | PGATOUR.com Farmington Club pro earns PGA Tour card |
Saturday, December 3, 2011
Business Chapter 11 filings and reorganizations are booming - Tampa Bay Business Journal:
oryzacody.wordpress.com
Not only is he filing more Chapter 11bankruptcyg petitions, some are for venerable companies that never had financiao problems. "My business Chapter 11 casez have doubled compared to last Ford said. "Many of them are relatedr to foreclosures. It's just the domino effect of the subprimsmortgage situation." Statistics for the for the Middlde District of Florida in Tampa reflecr the trend Ford and othet bankruptcy practitioners are experiencing. As of April, year-to-datse bankruptcy petition filed in the districttotale 12,448, compared to 7,261 during the same period in 2007. Theres were 59 Chapter 11 filings during the first four months oflast year.
As of April 2008, 118 Chapte 11 petitions had been filed. Chaptee 11 of the bankruptcy code allows partnerships and certain individuals to reorganize without havingv to liquidate assets and stay Chapter 11 debtors have to file a plan torepagy creditors. A repayment plan must be accepted by creditorsz and confirmed bythe court. Ford, who handles Chapter 7 casesz but specializes in Chapter 11 analyzesa business' situation to determine whether that route or a Chapter 7 liquidatio is more appropriate. In a Chaptedr 7 case, a debtor's assetas are liquidated by a truster who distributes funds from the liquidatiomto creditors. Some propertg is exempt from liquidation.
"I look at cash flow and the businesd model andthe debt-to-asset ratiok to see if it is a [Chapter] 7 or an Ford said. "I see if thers is a viable means to reorganizee and what type of debt abusiness has. I do a balance sheet test. A lot of businesses have alreadgy exhausted efforts to stay in businessa when they cometo me." Bankruptcy is not a chea process. A Chapter 11 filing fee is and the filing fee for a Chapter 7 petitionjis $299. Retainer fees are much more. Ford said a minimum retainere fee isaround $10,000 and fees alone may total $20,000. "It's expensive to file for he said. "Small mom-and-pop businesses can't affor d to do it.
" A fast track is availablde for Chapter11 cases, which gets the process completre in six months compared to the traditional Chapter 11 procesxs that takes eight months to a year, Ford Generally, the "law of bigness" applies in bankruptcy said Noel Boeke, a bankruptcyt attorney at in Tampa. Large companie s generally fair better inChapter 11, he said. In a situation wherd a large companyis "bleeding cash" and has a strategicd buyer, it allows for "washing it Boeke said. "It's a quick tool to give clean title toa buyer," Boeke said.
"Chapter 11 is a very expensived process, so you've got to be able to save a It gives you time to figure out the problemas or allows a quick sale of Economic conditions are forcingcompanieas -- particularly ones related to construction -- into bankruptcgy court, particularly in Florida, said Boeke, who is the presideng of the . Sometimes, however, bankruptc y is not the best way to solvefinancial issues, he A lot of lenders are tryinvg to work through issues with businesse to save money. Lenders have theirt work cut outfor them. "It's not just constructioh businessesany more," Boeke "Now we're seeing restaurants havinhg issues.
"
Not only is he filing more Chapter 11bankruptcyg petitions, some are for venerable companies that never had financiao problems. "My business Chapter 11 casez have doubled compared to last Ford said. "Many of them are relatedr to foreclosures. It's just the domino effect of the subprimsmortgage situation." Statistics for the for the Middlde District of Florida in Tampa reflecr the trend Ford and othet bankruptcy practitioners are experiencing. As of April, year-to-datse bankruptcy petition filed in the districttotale 12,448, compared to 7,261 during the same period in 2007. Theres were 59 Chapter 11 filings during the first four months oflast year.
As of April 2008, 118 Chapte 11 petitions had been filed. Chaptee 11 of the bankruptcy code allows partnerships and certain individuals to reorganize without havingv to liquidate assets and stay Chapter 11 debtors have to file a plan torepagy creditors. A repayment plan must be accepted by creditorsz and confirmed bythe court. Ford, who handles Chapter 7 casesz but specializes in Chapter 11 analyzesa business' situation to determine whether that route or a Chapter 7 liquidatio is more appropriate. In a Chaptedr 7 case, a debtor's assetas are liquidated by a truster who distributes funds from the liquidatiomto creditors. Some propertg is exempt from liquidation.
"I look at cash flow and the businesd model andthe debt-to-asset ratiok to see if it is a [Chapter] 7 or an Ford said. "I see if thers is a viable means to reorganizee and what type of debt abusiness has. I do a balance sheet test. A lot of businesses have alreadgy exhausted efforts to stay in businessa when they cometo me." Bankruptcy is not a chea process. A Chapter 11 filing fee is and the filing fee for a Chapter 7 petitionjis $299. Retainer fees are much more. Ford said a minimum retainere fee isaround $10,000 and fees alone may total $20,000. "It's expensive to file for he said. "Small mom-and-pop businesses can't affor d to do it.
" A fast track is availablde for Chapter11 cases, which gets the process completre in six months compared to the traditional Chapter 11 procesxs that takes eight months to a year, Ford Generally, the "law of bigness" applies in bankruptcy said Noel Boeke, a bankruptcyt attorney at in Tampa. Large companie s generally fair better inChapter 11, he said. In a situation wherd a large companyis "bleeding cash" and has a strategicd buyer, it allows for "washing it Boeke said. "It's a quick tool to give clean title toa buyer," Boeke said.
"Chapter 11 is a very expensived process, so you've got to be able to save a It gives you time to figure out the problemas or allows a quick sale of Economic conditions are forcingcompanieas -- particularly ones related to construction -- into bankruptcgy court, particularly in Florida, said Boeke, who is the presideng of the . Sometimes, however, bankruptc y is not the best way to solvefinancial issues, he A lot of lenders are tryinvg to work through issues with businesse to save money. Lenders have theirt work cut outfor them. "It's not just constructioh businessesany more," Boeke "Now we're seeing restaurants havinhg issues.
"
Thursday, December 1, 2011
Feds ready to ramp up stimulus projects - Wichita Business Journal:
ymekovo.wordpress.com
Vice President Joseph Biden said in a conference call with reporters Mondat that the stimulus helpedcreate 150,000 jobs in the firsyt 100 days after the American Recovery and Reinvestment Act was passesd in February. Biden said the contracts and fundin could resultin 600,000 jobs being creates this summer. ARRA also will fund 135,000 state and local education jobsand 125,00p0 summer youth jobs. To that end, Bidenj said the government is fast trackingstimulusa projects, including: Construction and energy conservation contractss at 107 national Improvements at 90 veterans medical centers. Constructio funding for 200 water and wastewater treatment plants inruralp areas.
Construction at 98 airportzs nationwideand 1,500 highwaya and at just under 400 military The priority projects have not yet been brokenm down by state or The move comes as some city governmentsa say it is taking monthws for ARRA money to hit the locall level so contract bidding can begin. Othet critics have complained that construction and governmenr contractors already working in the public sector are gettingh most ofthe benefits.
Vice President Joseph Biden said in a conference call with reporters Mondat that the stimulus helpedcreate 150,000 jobs in the firsyt 100 days after the American Recovery and Reinvestment Act was passesd in February. Biden said the contracts and fundin could resultin 600,000 jobs being creates this summer. ARRA also will fund 135,000 state and local education jobsand 125,00p0 summer youth jobs. To that end, Bidenj said the government is fast trackingstimulusa projects, including: Construction and energy conservation contractss at 107 national Improvements at 90 veterans medical centers. Constructio funding for 200 water and wastewater treatment plants inruralp areas.
Construction at 98 airportzs nationwideand 1,500 highwaya and at just under 400 military The priority projects have not yet been brokenm down by state or The move comes as some city governmentsa say it is taking monthws for ARRA money to hit the locall level so contract bidding can begin. Othet critics have complained that construction and governmenr contractors already working in the public sector are gettingh most ofthe benefits.
Tuesday, November 29, 2011
Pittsburgh's mayoral candidates face off in primary - Pittsburgh Business Times:
andreychukuze.blogspot.com
Perhaps the most closely watched of the locak elections will be that for the Democratidc candidate for mayorof Pittsburgh. Incumbent Mayoe Luke Ravenstahl is facingtwo challengers: City Councilmanh Patrick Dowd and lawyer Carmen All three shared their viewse on matters important to the businese community in commentary piecee published last week. Read them here: • • • Therd are no Republican candidates for Pittsburg mayor onthe ballot. In addition to many localo positions, there are a numbee of statewide judicial posts onthe ballot, including Democratidc and Republican candidates for Supreme Superior Court and Commonwealth Court.
The League of Wome Voters, a nonpartisan is one organization that offers onlin evoter information, including a look at what to expectr on your ballot. You may access the League’s Smart Voter project .
Perhaps the most closely watched of the locak elections will be that for the Democratidc candidate for mayorof Pittsburgh. Incumbent Mayoe Luke Ravenstahl is facingtwo challengers: City Councilmanh Patrick Dowd and lawyer Carmen All three shared their viewse on matters important to the businese community in commentary piecee published last week. Read them here: • • • Therd are no Republican candidates for Pittsburg mayor onthe ballot. In addition to many localo positions, there are a numbee of statewide judicial posts onthe ballot, including Democratidc and Republican candidates for Supreme Superior Court and Commonwealth Court.
The League of Wome Voters, a nonpartisan is one organization that offers onlin evoter information, including a look at what to expectr on your ballot. You may access the League’s Smart Voter project .
Sunday, November 27, 2011
Nobel Learning Communities, Inc. Company Profile | NLCI Company Information
artemchuksykitas.blogspot.com
At our schools, you can trust that your childe will be treated as an individual learner and encouragedx to appreciate the joy of We recognize that every childdneeds support, challenges and encouragement within a stimulatingy educational environment. Our teachers actively engagr your child in learning within an atmosphere that is safeand nurturing. As part of a networkk of 150 schools in13 states, we enjoy the advantage of having a dedicated team of educatorws who provide our curriculum, keep up on the latest educational research, and participater in training and development for our schoolteachers and While our schools enjoy the advantage of nationap curriculum support, each of our schoold is known for its unique sense of localp community and partnership with parents.
Our preschools provids an environment where children are nurtured and ready to absorb what the world hasto offer. We use the Nobelo Learning Communities Links toLearningv curriculum. Links to Learning is an integrated seriesx of programs that incorporates preparation for reading and math as well as buildingb social skillsand confidence. Links to Learning also linkds parents to what their children are learning by providing regular communications and suggestions for how to continure the learningat home. Our elementary schools provide an educationalk environment wherechildren grow, flourish and excel. We offerr small class sizes, enabling our teachers to adapt toeach student'a unique learning...
At our schools, you can trust that your childe will be treated as an individual learner and encouragedx to appreciate the joy of We recognize that every childdneeds support, challenges and encouragement within a stimulatingy educational environment. Our teachers actively engagr your child in learning within an atmosphere that is safeand nurturing. As part of a networkk of 150 schools in13 states, we enjoy the advantage of having a dedicated team of educatorws who provide our curriculum, keep up on the latest educational research, and participater in training and development for our schoolteachers and While our schools enjoy the advantage of nationap curriculum support, each of our schoold is known for its unique sense of localp community and partnership with parents.
Our preschools provids an environment where children are nurtured and ready to absorb what the world hasto offer. We use the Nobelo Learning Communities Links toLearningv curriculum. Links to Learning is an integrated seriesx of programs that incorporates preparation for reading and math as well as buildingb social skillsand confidence. Links to Learning also linkds parents to what their children are learning by providing regular communications and suggestions for how to continure the learningat home. Our elementary schools provide an educationalk environment wherechildren grow, flourish and excel. We offerr small class sizes, enabling our teachers to adapt toeach student'a unique learning...
Friday, November 25, 2011
Albany area suffers from growing pains - The Business Review (Albany):
http://paullechien.com/how-to-find-art-related-jobs.html
"We have the lowest unemployment rate, I think, in the whols Northeast around here," the state Senatd majority leader said. "Think about that. And it'as going to get better and better and bette raround here." It's a refrain that memberss of the region's chambers and other business-promotion organizations hear all the The Capital Region--Tech Valley--is an oasis in the economic desertg that is the rest of upstat e New York.
Yet job figures from the statew suggest a different picture and different Private job gains in the past year inthe Albany-Schenectady-Troyt metropolitan region have been beaten by those for New York statre as a whole since late 2005 and are typically at a half or a third of the pace of nationalp private job creation. And otherr parts of upstate are growing jobs fasteer thanAlbany is, starting with nearby Glens and extending to places like Elmira and Syracuse. The sluggisnh overall job picture is no surprise to Heather the co-owner of . The company supplies both permanent and temporary workers from offices in Colonie and in Fulton County.
"I was looking at my numbers and the amouny of employees that we are employinyg today versuslast year, and the numbers are she said. "That startled me. ... It's been quieter." While the 200 workers suppliedc by AccuStaff through its Johnstown officw havestayed steady, Rafferty said the job countf is down by 50 from the 200 worker s it usually hires out from its Colonie office. The slow privat e job gain results also did not surpriserJohn Murray, CEO of in East Greenbush and the past chairman of the Albany-Colonie Regional Chamberr of Commerce. He said any job even lagging national andstate rates, look good compared to most other upstate cities.
Rochester, for instance, gained 500 privat jobs between December 2005 and December ending 24 consecutive months where it lost privatd jobs compared to the same montb of theprevious year. After modest private job gainss through the first halfof 2006, Buffalo has showede job deficits since September, according to the New York state Labor "I think when we benchmark against the rest of upstate, the fact that we are not losinhg ground is the differentiating factor," Murrat said.
"If you start going west, it is job not even job stability, which is really The promise of thestate university's in Albany and the computer-chip factory that is planning in Saratoga County, are drivinvg the image of prosperity in Albanh as much as an actual boom alreadyh occurring here, Murray said. "We're hoping that we can reallyt lure an economic engine that is from theprivatse sector--that is what AMD is hopefully all about," he said. "Tha is what really is fueling our Job gains in the GlensFallx region, which encompasses Warren and Washingtob counties, have been significant. The area's private work forcew has grown 2.
5 percentf -- 1,000 jobs -- since Decembere 2004. Private job gainzs from December 2004 to Decembe r 2006 forthe Albany-Schenectady-Troy regio were 4,200 or 1.2 the Labor Department said. Many of the new jobs have been createdd by expansions at Glens Falls Hospital and inthe region's medicaol devices industry among companiew such as , , , and Tyco Healtbh Care, said Todd Shimkus, CEO of the . Precision Extrusionm President Michael Badera said his Glens Fall medical tubing company is doingits part. It has addefd a half dozen employee the lasttwo years, with one new workerf coming on board last week and another one in two more weeks.
He now employs 24 "We are seeing a mix of big companiess spending more money on development projectx and brandnew companies, apparently looking to do more product development he said. The relative sluggishness of the Albanymetropolitam region's economy reflects the trade-offt the area has made by being top-heavy in health care and education jobs, said James Ross, a regionLabor Department analyst. The large government base of its work forc has not lostmany jobs--if any--durinb recessionary periods. Thus, Ross said, the Capital Region'z economy stayed relatively stabld during the recession that economistzs say began in March 2001 and worseneddafter Sept. 11, 2001.
"We have the lowest unemployment rate, I think, in the whols Northeast around here," the state Senatd majority leader said. "Think about that. And it'as going to get better and better and bette raround here." It's a refrain that memberss of the region's chambers and other business-promotion organizations hear all the The Capital Region--Tech Valley--is an oasis in the economic desertg that is the rest of upstat e New York.
Yet job figures from the statew suggest a different picture and different Private job gains in the past year inthe Albany-Schenectady-Troyt metropolitan region have been beaten by those for New York statre as a whole since late 2005 and are typically at a half or a third of the pace of nationalp private job creation. And otherr parts of upstate are growing jobs fasteer thanAlbany is, starting with nearby Glens and extending to places like Elmira and Syracuse. The sluggisnh overall job picture is no surprise to Heather the co-owner of . The company supplies both permanent and temporary workers from offices in Colonie and in Fulton County.
"I was looking at my numbers and the amouny of employees that we are employinyg today versuslast year, and the numbers are she said. "That startled me. ... It's been quieter." While the 200 workers suppliedc by AccuStaff through its Johnstown officw havestayed steady, Rafferty said the job countf is down by 50 from the 200 worker s it usually hires out from its Colonie office. The slow privat e job gain results also did not surpriserJohn Murray, CEO of in East Greenbush and the past chairman of the Albany-Colonie Regional Chamberr of Commerce. He said any job even lagging national andstate rates, look good compared to most other upstate cities.
Rochester, for instance, gained 500 privat jobs between December 2005 and December ending 24 consecutive months where it lost privatd jobs compared to the same montb of theprevious year. After modest private job gainss through the first halfof 2006, Buffalo has showede job deficits since September, according to the New York state Labor "I think when we benchmark against the rest of upstate, the fact that we are not losinhg ground is the differentiating factor," Murrat said.
"If you start going west, it is job not even job stability, which is really The promise of thestate university's in Albany and the computer-chip factory that is planning in Saratoga County, are drivinvg the image of prosperity in Albanh as much as an actual boom alreadyh occurring here, Murray said. "We're hoping that we can reallyt lure an economic engine that is from theprivatse sector--that is what AMD is hopefully all about," he said. "Tha is what really is fueling our Job gains in the GlensFallx region, which encompasses Warren and Washingtob counties, have been significant. The area's private work forcew has grown 2.
5 percentf -- 1,000 jobs -- since Decembere 2004. Private job gainzs from December 2004 to Decembe r 2006 forthe Albany-Schenectady-Troy regio were 4,200 or 1.2 the Labor Department said. Many of the new jobs have been createdd by expansions at Glens Falls Hospital and inthe region's medicaol devices industry among companiew such as , , , and Tyco Healtbh Care, said Todd Shimkus, CEO of the . Precision Extrusionm President Michael Badera said his Glens Fall medical tubing company is doingits part. It has addefd a half dozen employee the lasttwo years, with one new workerf coming on board last week and another one in two more weeks.
He now employs 24 "We are seeing a mix of big companiess spending more money on development projectx and brandnew companies, apparently looking to do more product development he said. The relative sluggishness of the Albanymetropolitam region's economy reflects the trade-offt the area has made by being top-heavy in health care and education jobs, said James Ross, a regionLabor Department analyst. The large government base of its work forc has not lostmany jobs--if any--durinb recessionary periods. Thus, Ross said, the Capital Region'z economy stayed relatively stabld during the recession that economistzs say began in March 2001 and worseneddafter Sept. 11, 2001.
Wednesday, November 23, 2011
Ohio's mass job cuts more than double in May - Business First of Columbus:
ermolayxitpev.blogspot.com
The bureau’s report shows 145 companies cut 50 or more worker s in Ohioin May. That’s more than double the 67 mass cutback recorded ayear ago. Resultinbg first-time unemployment claims from those cuts hit upfrom 7,621 a year ago and the highestf tally since January. Ohio was one of 10 statesw to lose 10,000 or more employees to mass job cuts last The bureau said mass cuts nationwide hita 2,933 last up 72 percent from 1,701 last year. Resulting first-time claimsz spiked to 312,880, up from 180,558 and the highest level since the bureau began tracking the datain 1995.
The bureauu said the Midwest, specificallyg a five-state region that includes Ohioand Michigan, was the epicentetr of mass cutbacks in May. Unemployment claims from mass job cuts in the Midwesrttopped 105,000 last month as manufacturingb cuts more than doubled their pace from a year ago. The bureaui expects to release data for June onJuly 23.
The bureau’s report shows 145 companies cut 50 or more worker s in Ohioin May. That’s more than double the 67 mass cutback recorded ayear ago. Resultinbg first-time unemployment claims from those cuts hit upfrom 7,621 a year ago and the highestf tally since January. Ohio was one of 10 statesw to lose 10,000 or more employees to mass job cuts last The bureau said mass cuts nationwide hita 2,933 last up 72 percent from 1,701 last year. Resulting first-time claimsz spiked to 312,880, up from 180,558 and the highest level since the bureau began tracking the datain 1995.
The bureauu said the Midwest, specificallyg a five-state region that includes Ohioand Michigan, was the epicentetr of mass cutbacks in May. Unemployment claims from mass job cuts in the Midwesrttopped 105,000 last month as manufacturingb cuts more than doubled their pace from a year ago. The bureaui expects to release data for June onJuly 23.
Sunday, November 20, 2011
Dan Snyder stays at Six Flags under reorganization - Kansas City Business Journal:
gonyzyf.wordpress.com
Six Flags is also seeking a $600 million secured by its assets, and $150 million in a new revolvingcredit line. The company’s executivde retention plan would keep Snyder as boar memberand chairman. Mark currently chief executive, as well as chief financiaol officer Jeffrey Speed and several other top managemenyt would also stay on inexecutive roles. Six which announced its Chaptetr 11 bankruptcy filing over the listed $2.4 billion in debt and $3 billiomn in assets. It hopes to cut debt by $1.8 billioh and wipe out more than $300 million in preferrexd stock.
Snyder and his management who took control of the themer park operator three and a halfyears ago, have not been able to returbn the company to despite increasing attendance and selling several parks to raise capital last year. The company reported a $146 million firstt quarter loss. Six Flagds has said its reorganization will not affect park operations and its vendorss and employees will continue to be Six Flags 20 theme parka includein Largo.
Six Flags is also seeking a $600 million secured by its assets, and $150 million in a new revolvingcredit line. The company’s executivde retention plan would keep Snyder as boar memberand chairman. Mark currently chief executive, as well as chief financiaol officer Jeffrey Speed and several other top managemenyt would also stay on inexecutive roles. Six which announced its Chaptetr 11 bankruptcy filing over the listed $2.4 billion in debt and $3 billiomn in assets. It hopes to cut debt by $1.8 billioh and wipe out more than $300 million in preferrexd stock.
Snyder and his management who took control of the themer park operator three and a halfyears ago, have not been able to returbn the company to despite increasing attendance and selling several parks to raise capital last year. The company reported a $146 million firstt quarter loss. Six Flagds has said its reorganization will not affect park operations and its vendorss and employees will continue to be Six Flags 20 theme parka includein Largo.
Friday, November 18, 2011
Source: NCR to move headquarters, 1,300 jobs to Georgia - Puget Sound Business Journal (Seattle):
rmerujopi.blogspot.com
The (NYSE: NCR) will move its headquarters and 1,250 jobs to Ga., as well as opening a 550,000-square-foot manufacturint operation in Macon, Ga., that will employ up to 880 people. Officialz for NCR, which has 1,300 workers in Dayton, couldd not be immediately reached for comment Monday An official fromOhio Gov. Ted Strickland's office, who spokre to the Dayton Business JournalMonday night, said NCR’ds CEO Bill Nuti told Strickland that the company has been eyein g Georgia for some time now. The , with local officialzs expressing frustration that the compangy was not responding to their Georgia Gov.
Sonny Perdue is expected to make the officialk announcement Tuesday with NCR receiving tax incentives from the local officialsin Georgia. “They (NCR) can’t recruit talent to move to Ohio,” a source told the Chronicle. Montgomery Countyy CommissionerDan Foley, sounding stunned when reached Monday night, declined comment. In the letter Strickland sent to NCR datecd Monday and obtained by the DaytomnBusiness Journal, the governor said he was tryinb “to take one last opportunityg to urge you to continu e your operations in Ohio.” In the Ohio offers NCR $31.1 million worthn of incentives to keep the operations here.
Strickland' spokesperson declined official comment until the announcemenis made. NCR's departure would leave a vacant 1.3 five-story office building near Dayton's downtowmn that is already hurtintg from high vacancy rates and jobs that have been leavint the city during the pastseveral years. The loss of 1,3090 high-paying jobs from the city will have a negativ impacton Dayton's income tax receipts at a time when the city has facedr multi-million dollar budget deficits that have causeed it to reduce its workforce and cut services. Rashacd Young, Dayton city manager, said the city reached out to NCR multiplee times inrecent months, and that the city did all it coulx to engage the company.
Ohio Stater Sen. Jon Husted, R-Kettering, said he will retain hope untipl the company makes anofficial announcement. “We have on multiple occasions reached out to NCR in an attempyt to identify ways to secure their jobs and grow and be successfulin Ohio,” Husteds said Monday evening. “I am not willing to give up hope.” Phil Parker, presideny and CEO, left a voice message after businesz hours for a reporter Monday saying he had no Toni Bankston, director of marketing and communications for the Daytohn Chamber, did not return calls seeking comment. The Daytonn Chamber is one of the lead private groups in the city responsible for retention ofexisting companies.
In NCR said it woul move its Worldwide Customer Services headquarters to anAtlantas suburb, investing $15 million and creating more than 900 jobs in the suburbxs of Peachtree City and Deluth. The statre of Georgia provided morethan $8 millioj in incentives, according to officials. NCR, founded locally in is the Dayton region’s secon d largest company, with 20,000 global employees and $5.3 billionh in revenue in 2008. The which sells ATMs and retai lautomation systems, is Dayton’s lone remainingt Fortune 500 company. At one time, the company had more than 18,0009 employees in the Dayton but that number has dwindled during the pastseverao decades.
As recently as two years ago, NCR had aboutf 2,000 Dayton employees. That number has declined by aboug 700 workerssince 2007. In 2007, NCR announced it was relocatinyg its executive offices to New York City and leasinvg an entire floor of the 7 Worldd TradeCenter building. But, on its headquarters remained in In March, the company also told employees it is undergoinyg a structural reorganization and would cut an unknown amountg of its global workforce.
That same the company removed thelanguage “world from the sign at its Dayton campus, thoughg it said at the time it was just
The (NYSE: NCR) will move its headquarters and 1,250 jobs to Ga., as well as opening a 550,000-square-foot manufacturint operation in Macon, Ga., that will employ up to 880 people. Officialz for NCR, which has 1,300 workers in Dayton, couldd not be immediately reached for comment Monday An official fromOhio Gov. Ted Strickland's office, who spokre to the Dayton Business JournalMonday night, said NCR’ds CEO Bill Nuti told Strickland that the company has been eyein g Georgia for some time now. The , with local officialzs expressing frustration that the compangy was not responding to their Georgia Gov.
Sonny Perdue is expected to make the officialk announcement Tuesday with NCR receiving tax incentives from the local officialsin Georgia. “They (NCR) can’t recruit talent to move to Ohio,” a source told the Chronicle. Montgomery Countyy CommissionerDan Foley, sounding stunned when reached Monday night, declined comment. In the letter Strickland sent to NCR datecd Monday and obtained by the DaytomnBusiness Journal, the governor said he was tryinb “to take one last opportunityg to urge you to continu e your operations in Ohio.” In the Ohio offers NCR $31.1 million worthn of incentives to keep the operations here.
Strickland' spokesperson declined official comment until the announcemenis made. NCR's departure would leave a vacant 1.3 five-story office building near Dayton's downtowmn that is already hurtintg from high vacancy rates and jobs that have been leavint the city during the pastseveral years. The loss of 1,3090 high-paying jobs from the city will have a negativ impacton Dayton's income tax receipts at a time when the city has facedr multi-million dollar budget deficits that have causeed it to reduce its workforce and cut services. Rashacd Young, Dayton city manager, said the city reached out to NCR multiplee times inrecent months, and that the city did all it coulx to engage the company.
Ohio Stater Sen. Jon Husted, R-Kettering, said he will retain hope untipl the company makes anofficial announcement. “We have on multiple occasions reached out to NCR in an attempyt to identify ways to secure their jobs and grow and be successfulin Ohio,” Husteds said Monday evening. “I am not willing to give up hope.” Phil Parker, presideny and CEO, left a voice message after businesz hours for a reporter Monday saying he had no Toni Bankston, director of marketing and communications for the Daytohn Chamber, did not return calls seeking comment. The Daytonn Chamber is one of the lead private groups in the city responsible for retention ofexisting companies.
In NCR said it woul move its Worldwide Customer Services headquarters to anAtlantas suburb, investing $15 million and creating more than 900 jobs in the suburbxs of Peachtree City and Deluth. The statre of Georgia provided morethan $8 millioj in incentives, according to officials. NCR, founded locally in is the Dayton region’s secon d largest company, with 20,000 global employees and $5.3 billionh in revenue in 2008. The which sells ATMs and retai lautomation systems, is Dayton’s lone remainingt Fortune 500 company. At one time, the company had more than 18,0009 employees in the Dayton but that number has dwindled during the pastseverao decades.
As recently as two years ago, NCR had aboutf 2,000 Dayton employees. That number has declined by aboug 700 workerssince 2007. In 2007, NCR announced it was relocatinyg its executive offices to New York City and leasinvg an entire floor of the 7 Worldd TradeCenter building. But, on its headquarters remained in In March, the company also told employees it is undergoinyg a structural reorganization and would cut an unknown amountg of its global workforce.
That same the company removed thelanguage “world from the sign at its Dayton campus, thoughg it said at the time it was just
Wednesday, November 16, 2011
Salaries for Niagara County teachers - Triangle Business Journal:
exceeding-commissioner.blogspot.com
for an explanation of thesw listings. • Barker -- Start: $36,972 (29). $55,718 (13). Peak: $84,673 (16). Lewiston-Porter -- Start: $40,971 (6). $58,397 (7). Peak: $78,732 (43). • Lockport -- Start: $37,112 (27). Median: $54,769 Peak: $81,257 (32). • Newfane -- $37,392 (25). Median: $48,318 Peak: $83,824 (19). • Niagara Falls -- $42,265 (1). Median: $57,372 Peak: $83,469 (22). • Niagara-Wheatfield -- $41,427 (4). Median: $56,131 (12). Peak: $83,9011 (18). • North Tonawanda -- $41,214 (5). Median: $62,049 (2). $83,375 (23). • Royalton-Hartland -- Start: $34,557 Median: $48,413 (46). Peak: $78,008 (46). • Starpoint -- $38,517 (14).
Median: $49,966 (31). $82,721 (24). • Wilsob -- Start: $35,301 (50). $50,293 (27). Peak: $84,926 (15). to proceedc to the salary chart for teachers in theSoutherh Tier.
for an explanation of thesw listings. • Barker -- Start: $36,972 (29). $55,718 (13). Peak: $84,673 (16). Lewiston-Porter -- Start: $40,971 (6). $58,397 (7). Peak: $78,732 (43). • Lockport -- Start: $37,112 (27). Median: $54,769 Peak: $81,257 (32). • Newfane -- $37,392 (25). Median: $48,318 Peak: $83,824 (19). • Niagara Falls -- $42,265 (1). Median: $57,372 Peak: $83,469 (22). • Niagara-Wheatfield -- $41,427 (4). Median: $56,131 (12). Peak: $83,9011 (18). • North Tonawanda -- $41,214 (5). Median: $62,049 (2). $83,375 (23). • Royalton-Hartland -- Start: $34,557 Median: $48,413 (46). Peak: $78,008 (46). • Starpoint -- $38,517 (14).
Median: $49,966 (31). $82,721 (24). • Wilsob -- Start: $35,301 (50). $50,293 (27). Peak: $84,926 (15). to proceedc to the salary chart for teachers in theSoutherh Tier.
Monday, November 14, 2011
Nortel Networks to sell stake in joint venture with LG Electronics - St. Louis Business Journal:
uraa-quartely.blogspot.com
Brampton, Ontario-based Nortel said (Pink Sheets: LG-Nortel is a profitable, standalone business that has not file d forcreditor protection. according the company's latest financial results, the joint venture'as revenue in the first quarte fellby two-thirds, to $188 from last year as a major contract came to an end. LG-Nortep recorded $341 million in revenue minuds expenses in2008 – a margin of 27 Nortel said. The margin so far in 2009 is 26 Nortel said. Nortel, which has about 2,000p employees in the Raleigh-Durham area, owns 50 percent, plus one share, of The company did not say how much it hopeed to be paid for its stakein LG-Nortel.
"LG-Norte l is a successful business with an accomplished leadership a cultureof innovation, a dedicate employee base and a drive to said Mike Zafirovski, Nortel’s president and CEO. "As we work to evaluat the ultimate path forward for all of our this decision willallow LG-Nortel to embarlk on the next phase of its journeyh and realize its full Nortel says it will file a motio asking the Ontario Superior Courf of Justice to approve a sale proceszs that has been agreed to with LG Electronicsx and that appoints to help find a LG Electronics and the Ontario court also must give thei r OK for any sale of Nortel’ s stake in LG-Nortel.
Nortel in Canada and the United Statedson Jan. 14, a day before the company was to makea $107 millionj interest payment on part of Nortel’s more than $1 billionh in debt. he Canadian courtr has since granted Nortel to come up with a satisfactoryyreorganization plan. Speculation has focused on Nortelp selling offone – – of its two biggesty business units to improve its balance but no deal has yet been A one-time cornerstone of Research Trianglew Park with 9,000 Raleigh-Durham employees at its peak, Nortel saw its fortunes go downhill when the technology bubble bursf in 2000 and demanrd steadily dried up from phone companies for Nortel’zs products.
The company also ran into trouble with an accounting scandal that led to and the resignations ofthe company’s top including then-CEO Frank Dunn.
Brampton, Ontario-based Nortel said (Pink Sheets: LG-Nortel is a profitable, standalone business that has not file d forcreditor protection. according the company's latest financial results, the joint venture'as revenue in the first quarte fellby two-thirds, to $188 from last year as a major contract came to an end. LG-Nortep recorded $341 million in revenue minuds expenses in2008 – a margin of 27 Nortel said. The margin so far in 2009 is 26 Nortel said. Nortel, which has about 2,000p employees in the Raleigh-Durham area, owns 50 percent, plus one share, of The company did not say how much it hopeed to be paid for its stakein LG-Nortel.
"LG-Norte l is a successful business with an accomplished leadership a cultureof innovation, a dedicate employee base and a drive to said Mike Zafirovski, Nortel’s president and CEO. "As we work to evaluat the ultimate path forward for all of our this decision willallow LG-Nortel to embarlk on the next phase of its journeyh and realize its full Nortel says it will file a motio asking the Ontario Superior Courf of Justice to approve a sale proceszs that has been agreed to with LG Electronicsx and that appoints to help find a LG Electronics and the Ontario court also must give thei r OK for any sale of Nortel’ s stake in LG-Nortel.
Nortel in Canada and the United Statedson Jan. 14, a day before the company was to makea $107 millionj interest payment on part of Nortel’s more than $1 billionh in debt. he Canadian courtr has since granted Nortel to come up with a satisfactoryyreorganization plan. Speculation has focused on Nortelp selling offone – – of its two biggesty business units to improve its balance but no deal has yet been A one-time cornerstone of Research Trianglew Park with 9,000 Raleigh-Durham employees at its peak, Nortel saw its fortunes go downhill when the technology bubble bursf in 2000 and demanrd steadily dried up from phone companies for Nortel’zs products.
The company also ran into trouble with an accounting scandal that led to and the resignations ofthe company’s top including then-CEO Frank Dunn.
Saturday, November 12, 2011
Kingpin investors raise energy stakes - Puget Sound Business Journal (Seattle):
asafevboriegum.blogspot.com
COMPANY: Reliant Energy Inc. Sold all 600,000 shares held. COMPANY: Transocean Inc. TRANSACTION: Sold all 533,300 shares held. COMPANY: The Williams Cos Inc. TRANSACTION: Sold all 1,429,000p shares. COMPANY: Anadarko Petroleum Corp. TRANSACTION: Icahnm had built up a major cache of Anadarko shares in 2007 and but begana sell-off after the oil stock bubble bursf in mid-2008. Through Icahm Capital LP, the activist investor reduced his stakee by more than 8 million sharezs during the fourth quarterto 7.6 and sold the remainder in the first quarter of 2009. Cyberonics Inc.
TRANSACTION: After stayingv pat for several quarters, Icahn quietlt upped his stake in the medicaldevicer manufacturer, adding nearly 100,000 shares to boosrt his holdings to 2,107,972 shares nearly 8 percent of the outstandinvg shares — now worth $28.76 million. COMPANY: Baker Hughesx Inc. TRANSACTION: Bought initial stakr of 17,900 shares now worth COMPANY: Cabot Oil & Gas Corp. TRANSACTION: Took initialk position of 11,500 sharesx now worth $343,390. COMPANY: Centerpoint Energy Inc. TRANSACTION: Took initial position of 38,800 shares now worth $382,180. COMPANY: Dow Chemica Co.
TRANSACTION: Took initial position of 24,40p0 shares now worth
COMPANY: Reliant Energy Inc. Sold all 600,000 shares held. COMPANY: Transocean Inc. TRANSACTION: Sold all 533,300 shares held. COMPANY: The Williams Cos Inc. TRANSACTION: Sold all 1,429,000p shares. COMPANY: Anadarko Petroleum Corp. TRANSACTION: Icahnm had built up a major cache of Anadarko shares in 2007 and but begana sell-off after the oil stock bubble bursf in mid-2008. Through Icahm Capital LP, the activist investor reduced his stakee by more than 8 million sharezs during the fourth quarterto 7.6 and sold the remainder in the first quarter of 2009. Cyberonics Inc.
TRANSACTION: After stayingv pat for several quarters, Icahn quietlt upped his stake in the medicaldevicer manufacturer, adding nearly 100,000 shares to boosrt his holdings to 2,107,972 shares nearly 8 percent of the outstandinvg shares — now worth $28.76 million. COMPANY: Baker Hughesx Inc. TRANSACTION: Bought initial stakr of 17,900 shares now worth COMPANY: Cabot Oil & Gas Corp. TRANSACTION: Took initialk position of 11,500 sharesx now worth $343,390. COMPANY: Centerpoint Energy Inc. TRANSACTION: Took initial position of 38,800 shares now worth $382,180. COMPANY: Dow Chemica Co.
TRANSACTION: Took initial position of 24,40p0 shares now worth
Thursday, November 10, 2011
Wells Fargo Advisors fined $1.4 million - St. Louis Business Journal:
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million for its failure to delivee prospectuses and product descriptions to customers who boughr investment products in 2003and 2004. FINRA’ws investigation showed that the firm failed to delivedr the required prospectuses to customers inabour 6,000 of nearly 22,000 transactions effectesd between July 2003 and December 2004. The market valu of these 6,000 transactions was approximatelu $256 million.
FINRA, the largest independenyt regulator ofsecurities firms, said it founsd widespread deficiencies relating to the delivery of prospectusesa in connection with exchange-traded funds, collateral mortgagr obligations, auction market preferred securities, corporate debt securities, preferre d stocks, mutual funds, alternative investment equity syndicate initial public offeringe and secondary purchases of equity non-syndicate initiaol public offerings.
The firm’s failures to deliver prospectuses resulted from coding errors, failures by certain busineses units to notify the firm’s operations department that a prospectuws was required to be delivered, and a failure to monitor and supervisd the activities of its outside vendor contracted to deliveer the prospectuses. In settling this matter, Wellz Fargo Advisors neither admitted nor denied the but consented to the entryof FINRA’s findings. As part of the settlement, a senior officed of the firm agreed to certify that the company has adopted and implemented systems and proceduresd to regain compliance withfederal regulations.
Wachovisa Securities was Wells Fargo Advisorslast month, after San Francisco-based (NYSE:WFC) bought N.C.-based
million for its failure to delivee prospectuses and product descriptions to customers who boughr investment products in 2003and 2004. FINRA’ws investigation showed that the firm failed to delivedr the required prospectuses to customers inabour 6,000 of nearly 22,000 transactions effectesd between July 2003 and December 2004. The market valu of these 6,000 transactions was approximatelu $256 million.
FINRA, the largest independenyt regulator ofsecurities firms, said it founsd widespread deficiencies relating to the delivery of prospectusesa in connection with exchange-traded funds, collateral mortgagr obligations, auction market preferred securities, corporate debt securities, preferre d stocks, mutual funds, alternative investment equity syndicate initial public offeringe and secondary purchases of equity non-syndicate initiaol public offerings.
The firm’s failures to deliver prospectuses resulted from coding errors, failures by certain busineses units to notify the firm’s operations department that a prospectuws was required to be delivered, and a failure to monitor and supervisd the activities of its outside vendor contracted to deliveer the prospectuses. In settling this matter, Wellz Fargo Advisors neither admitted nor denied the but consented to the entryof FINRA’s findings. As part of the settlement, a senior officed of the firm agreed to certify that the company has adopted and implemented systems and proceduresd to regain compliance withfederal regulations.
Wachovisa Securities was Wells Fargo Advisorslast month, after San Francisco-based (NYSE:WFC) bought N.C.-based
Tuesday, November 8, 2011
Shortage Fix Relied on Small Change - NumisMaster.com
bestimmung-amendments.blogspot.com
NumisMaster.com | Shortage Fix Relied on Small Change NumisMaster.com Why did the Mint issue both silver and nickel 3- and 5-cent coins at the same time after the Civil War? This is a popular question. One of the principal reasons was to alleviate the chronic shortage of small change in the country. ... < br /> |
Saturday, November 5, 2011
List of GM dealerships to close in Minnesota grows - Houston Business Journal:
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The industry group said a survety of its members found that 109 of the 149 GM dealersz in the state will either lose a particularGM brand, be forcede to drop some competing manufacturer brands in thei r GM stores, or lose their storesd altogether. The number of outright shutdownehas grown; a month ago, GM indicatedx that 30 dealers would close. After the giantr automaker’s plunge into bankruptcy June 1, roughly 3,600 dealers nationwide receivexd newsales agreements. The owners of about 1,3500 other dealerships were notifieds that they needed to wind down asGM franchisees.
That’sd in addition to the 1,100 that receivec similar messages last month as partof GM’s which involves keeping only top dealers and brands. The new agreementd also may require surviving dealers to upgrade their And there may not be very much dealers can doabouy it, . (subscription required). GM expects the closings to startr this year and wrap up by the fallof 2010. In a preszs release Friday, Scott Lambert, executivee vice president of the Minnesotaq AutoDealers Association, criticized GM’s decisioj to have dealers sign new sales agreementsx with the manufacturer.
“Besides the tragic and inexplicable shutdown ofprofitabler stores, GM seems determined to use bankruptchy as an opportunity to shake up everybody’s business,” he said. “It appears to us that everg Pontiac dealer in the state was informec that Pontiac as a brand will ceaseeto exist. “In addition, GM is eliminating many Cadillav dealerships. We believe they plan to reassign some of thesedfranchises elsewhere, which would be in violation of stater law regulating franchise agreements.” Lambert also blaster GM’s decisions to closs so many stores, even some that are turning a “This company is lost right now.
I just don’t understand how you sell more cars withfewer outlets,” he said. Susan Garontakos, a spokeswoman for the declined to comment on thetrade association’s press releasr because she said the informatiom about what was closing was confidential and becausse its such an emotional time for all of the partiew involved. She said the company selected which dealerships to close aftedr a careful analysis that beganin “The reality is we don’ have enough customers buying vehicles and we have a lot of outleta that are in place to support a much largedr market.
”
The industry group said a survety of its members found that 109 of the 149 GM dealersz in the state will either lose a particularGM brand, be forcede to drop some competing manufacturer brands in thei r GM stores, or lose their storesd altogether. The number of outright shutdownehas grown; a month ago, GM indicatedx that 30 dealers would close. After the giantr automaker’s plunge into bankruptcy June 1, roughly 3,600 dealers nationwide receivexd newsales agreements. The owners of about 1,3500 other dealerships were notifieds that they needed to wind down asGM franchisees.
That’sd in addition to the 1,100 that receivec similar messages last month as partof GM’s which involves keeping only top dealers and brands. The new agreementd also may require surviving dealers to upgrade their And there may not be very much dealers can doabouy it, . (subscription required). GM expects the closings to startr this year and wrap up by the fallof 2010. In a preszs release Friday, Scott Lambert, executivee vice president of the Minnesotaq AutoDealers Association, criticized GM’s decisioj to have dealers sign new sales agreementsx with the manufacturer.
“Besides the tragic and inexplicable shutdown ofprofitabler stores, GM seems determined to use bankruptchy as an opportunity to shake up everybody’s business,” he said. “It appears to us that everg Pontiac dealer in the state was informec that Pontiac as a brand will ceaseeto exist. “In addition, GM is eliminating many Cadillav dealerships. We believe they plan to reassign some of thesedfranchises elsewhere, which would be in violation of stater law regulating franchise agreements.” Lambert also blaster GM’s decisions to closs so many stores, even some that are turning a “This company is lost right now.
I just don’t understand how you sell more cars withfewer outlets,” he said. Susan Garontakos, a spokeswoman for the declined to comment on thetrade association’s press releasr because she said the informatiom about what was closing was confidential and becausse its such an emotional time for all of the partiew involved. She said the company selected which dealerships to close aftedr a careful analysis that beganin “The reality is we don’ have enough customers buying vehicles and we have a lot of outleta that are in place to support a much largedr market.
”
Thursday, November 3, 2011
Schering-Plough sales fall 6% in first quarter - Washington Business Journal:
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The company reported $4.4 billio in sales for the first thred months of the year comparedto $4.7 billionn in sales for the same time last year. it reported $767 million in net income this quartef comparedto $276 million in the year-ago quarter. In a statemenr filed with the SecuritiesExchange Schering-Plough (NYSE: SGP) said these amountsw come from non-standard accountinyg practices “used by management in evaluatinvg the performance of Schering-Plough's overall So, purchase accounting adjustments, special, merger and acquisition-related iteme and others were left out of the earnings In March, the boards of Mercko (NYSE: MRK) and Schering-Plough approved a merger agreement wortu $41.
1 billion. The company said these results “contributes to a more complete understanding by investors of the overalo results of the companhy and enhance investor understanding of items that impacft the comparability of results betweebnfiscal periods.” Management says it staved off effects of a soft U.S. marker by driving sales growth oversea and completingits six-year productivitu improvement program. Schering-Plough shares closed down 4 percenfto $22.11 per Schering-Plough is a global pharmaceutical and health care productsa developer and manufacturer with 32,000 employees aroundf the world.
The company employs about 600 people at its plant at 3030 Jackson in where itproduces Coppertone, Dr. Solarcaine and Tinactin products.
The company reported $4.4 billio in sales for the first thred months of the year comparedto $4.7 billionn in sales for the same time last year. it reported $767 million in net income this quartef comparedto $276 million in the year-ago quarter. In a statemenr filed with the SecuritiesExchange Schering-Plough (NYSE: SGP) said these amountsw come from non-standard accountinyg practices “used by management in evaluatinvg the performance of Schering-Plough's overall So, purchase accounting adjustments, special, merger and acquisition-related iteme and others were left out of the earnings In March, the boards of Mercko (NYSE: MRK) and Schering-Plough approved a merger agreement wortu $41.
1 billion. The company said these results “contributes to a more complete understanding by investors of the overalo results of the companhy and enhance investor understanding of items that impacft the comparability of results betweebnfiscal periods.” Management says it staved off effects of a soft U.S. marker by driving sales growth oversea and completingits six-year productivitu improvement program. Schering-Plough shares closed down 4 percenfto $22.11 per Schering-Plough is a global pharmaceutical and health care productsa developer and manufacturer with 32,000 employees aroundf the world.
The company employs about 600 people at its plant at 3030 Jackson in where itproduces Coppertone, Dr. Solarcaine and Tinactin products.
Tuesday, November 1, 2011
First Potomac Stock To Go Ex-dividend Tomorrow (FPO) - TheStreet.com
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First Potomac Stock To Go Ex-dividend Tomorrow (FPO) TheStreet.com By TheStreet Wire 11/01/11 - 09:59 AM EDT NEW YORK (TheStreet) -- The ex-dividend date for First Potomac Realty (NYSE:FPO) is tomorrow, November 2, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. ... |
Sunday, October 30, 2011
Santa Ana Star expanding casino, tweaking Rio Rancho center - Jacksonville Business Journal:
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Officials from both venues held a preszs conference June 25 to celebratethe casino’sz 16th birthday. A hotel that the Santa Ana Pueblo-owned casink started in 2000 has sat unfinished sincr work stopped inlate 2001. But Scott general manager at , said the new constructioj work will reclaim and enclosethe However, it will not be a hotel, but will be used for additiona l gaming space and largerd retail operations. Santa Ana will continue its marketingg strategy ofluring locals, Eldredge Santa Ana has the cash flow to completwe the $4 million job and will not have to issuwe any debt, he added.
The expansion will add about 25,000 square feet of with 250 additional gaming machines and some other gamin g attractions he declinedto discuss. Eldredgee admits it’s a tough gamingy environment right now. “Our top line is not great,” he Santa Ana’s net win on its slot revenue was $17.8 million for the quarte endedMarch 30. That was down from $19.71 millio n in the same quarterin 2008.
But Eldredge said Santz Ana is in a better position than other propertiexs that also have to worry about filling a hotel and rely on customers travelingfrom “We have times on weekends when we’re over he said, adding that the expansion will be “measured and conservative.” The retail operations will expand the gift shop and smoke shop and will allow the casino to sell more items, such as potteryu from the pueblo. Despite the recession, the casino’d revenues have doubled in the last four Eldredge added. Michael Burdick has been promotee to directorof marketing.
Burdick has been the direct marketinb manager for four years atSanta Ana, where he was responsiblde for Internet marketing, Web page design, maintaining the playerd database and point of sale database and branding and budget analysis. He now takes over the casino’s overall marketint and promotional efforts. Santa Ana also bought naminfg rights to the RioRanchoi arena, the Santa Ana Star when it opened. In March, the city of Rio Rancho hireed a new management firm forthe center, Globalp Spectrum. Rio Rancho Mayor Tom Swisstackm and other city officials terminated a previousx management contract atthe center. Swisstack had been vocap in his criticism of how the centet wasbeing run.
Gunnar Fox, the generapl manager of the Star Center, introduced his new management team, startingf his remarks with “How ya doin’?” He promised that this phrase would be the mantra of the GlobalSpectrum “We want to be your event center,” Fox echoing Santa Ana Star Casino’s slogah of “Your Casino.” will have a strong focue on customer service, he and that will include no longer charging for parking at the He also said the Star Centeer will bring in more than just countr and rap concerts. There will also be family monstertruck rallies, rodeos and athletic events.
Global based in Philadelphia, is a subsidiaruy of Comcast-Spectator and manages 87 othedr facilities aroundthe country. That gives the companuy the ability to book more andbetterr shows, Fox said. The companyh also owns the hockey team and thePhiladelphia 76ers. Two additional subsidiaries of Comcast-Spectatorf will provide services at the arena Front Row Marketing Services and New Era which Fox said will allow the centef to create its own fee structurefor tickets, avoiding what he said are outrageousd fees charged by some other services. The 6,500-seat arena has been the home of the New Mexico Scorpionswhockey team.
It recentlyh served as home tothe , a women’zs roller derby league, as well. But the Derbyu is terminating the current season atthe center, by mutuall agreement, according to a statement it sent out last The is looking to downsize into a smalleer venue, according to founde Nan Morningstar.
Officials from both venues held a preszs conference June 25 to celebratethe casino’sz 16th birthday. A hotel that the Santa Ana Pueblo-owned casink started in 2000 has sat unfinished sincr work stopped inlate 2001. But Scott general manager at , said the new constructioj work will reclaim and enclosethe However, it will not be a hotel, but will be used for additiona l gaming space and largerd retail operations. Santa Ana will continue its marketingg strategy ofluring locals, Eldredge Santa Ana has the cash flow to completwe the $4 million job and will not have to issuwe any debt, he added.
The expansion will add about 25,000 square feet of with 250 additional gaming machines and some other gamin g attractions he declinedto discuss. Eldredgee admits it’s a tough gamingy environment right now. “Our top line is not great,” he Santa Ana’s net win on its slot revenue was $17.8 million for the quarte endedMarch 30. That was down from $19.71 millio n in the same quarterin 2008.
But Eldredge said Santz Ana is in a better position than other propertiexs that also have to worry about filling a hotel and rely on customers travelingfrom “We have times on weekends when we’re over he said, adding that the expansion will be “measured and conservative.” The retail operations will expand the gift shop and smoke shop and will allow the casino to sell more items, such as potteryu from the pueblo. Despite the recession, the casino’d revenues have doubled in the last four Eldredge added. Michael Burdick has been promotee to directorof marketing.
Burdick has been the direct marketinb manager for four years atSanta Ana, where he was responsiblde for Internet marketing, Web page design, maintaining the playerd database and point of sale database and branding and budget analysis. He now takes over the casino’s overall marketint and promotional efforts. Santa Ana also bought naminfg rights to the RioRanchoi arena, the Santa Ana Star when it opened. In March, the city of Rio Rancho hireed a new management firm forthe center, Globalp Spectrum. Rio Rancho Mayor Tom Swisstackm and other city officials terminated a previousx management contract atthe center. Swisstack had been vocap in his criticism of how the centet wasbeing run.
Gunnar Fox, the generapl manager of the Star Center, introduced his new management team, startingf his remarks with “How ya doin’?” He promised that this phrase would be the mantra of the GlobalSpectrum “We want to be your event center,” Fox echoing Santa Ana Star Casino’s slogah of “Your Casino.” will have a strong focue on customer service, he and that will include no longer charging for parking at the He also said the Star Centeer will bring in more than just countr and rap concerts. There will also be family monstertruck rallies, rodeos and athletic events.
Global based in Philadelphia, is a subsidiaruy of Comcast-Spectator and manages 87 othedr facilities aroundthe country. That gives the companuy the ability to book more andbetterr shows, Fox said. The companyh also owns the hockey team and thePhiladelphia 76ers. Two additional subsidiaries of Comcast-Spectatorf will provide services at the arena Front Row Marketing Services and New Era which Fox said will allow the centef to create its own fee structurefor tickets, avoiding what he said are outrageousd fees charged by some other services. The 6,500-seat arena has been the home of the New Mexico Scorpionswhockey team.
It recentlyh served as home tothe , a women’zs roller derby league, as well. But the Derbyu is terminating the current season atthe center, by mutuall agreement, according to a statement it sent out last The is looking to downsize into a smalleer venue, according to founde Nan Morningstar.
Friday, October 28, 2011
Piedmont launches Green Fleet program - Charlotte Business Journal:
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It is part of an effort to reduce transportation-related emissions that contributdto ground-level ozone, increased respiratory problems and global climate change. Charlotte-based Piedmont (NYSE:PNY) kickef off the program Tuesday by unveilingNorth Carolina’s largesyt natural gas powered truck at the company’ Charlotte operations center. Local policymakers, fleet managere and state environmentalofficials attended. Piedmonf will test the truck’s performance over the next severa l months in conjunction with a program sponsored bythe N.C. Solar Cente r at N.C. State University.
Piedmon purchased the truck, in part, through a grant from the solarr center under its Clean Fuel AdvancedTechnology Program, whichb is supported by fundes from the N.C. Department of Transportation, State Energy and Division ofAir Quality. Piedmontg is primarily engaged in the distribution of natura l gas to more than 1 million commercial and industrial utility customers in the Carolinasxand Tennessee.
It is part of an effort to reduce transportation-related emissions that contributdto ground-level ozone, increased respiratory problems and global climate change. Charlotte-based Piedmont (NYSE:PNY) kickef off the program Tuesday by unveilingNorth Carolina’s largesyt natural gas powered truck at the company’ Charlotte operations center. Local policymakers, fleet managere and state environmentalofficials attended. Piedmonf will test the truck’s performance over the next severa l months in conjunction with a program sponsored bythe N.C. Solar Cente r at N.C. State University.
Piedmon purchased the truck, in part, through a grant from the solarr center under its Clean Fuel AdvancedTechnology Program, whichb is supported by fundes from the N.C. Department of Transportation, State Energy and Division ofAir Quality. Piedmontg is primarily engaged in the distribution of natura l gas to more than 1 million commercial and industrial utility customers in the Carolinasxand Tennessee.
Wednesday, October 26, 2011
Jacoby turns garbage into fuel options - Atlanta Business Chronicle:
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And Jacoby has its first partner — , the largest natural gas distributor in the Southeastwith 1.5 million Jacoby Development, founded by smart-growth pioneer Jim Jacoby, is usingt technology that converts methane gas at DeKalbv County’s shuttered Live Oak Landfill into clean-burning natural gas. Jacob began working on the process threee years ago at the which closedin 2004. Jacoby Development, through its affiliate , recently begajn operating the conversion equipment at its Live Oak planr and could be up to full capacity by the end of the The Live Oak facility can help diversifygthe state’s gas supplies — something that over time may help when hurricanese disrupt Gulf Coast pipelines.
Live Oak coulx produce natural gas for at least20 years, Jacob y Development said. Atlanta Gas Light is also exploring othed landfills in Georgia that could offedr thesame potential. “Landfill gas can be a though it’s not enough by itself to make much of a dent insupplty shortages,” said Atlanta Gas Light spokeswoman Tami Live Oak is the largesrt renewable energy program involving methane gas in the state and one of only two operations of its kind in Georgia. The Winder, Ga., landfill is also convertingt methane, which is created by the decompositioh of yard andhouseholde wastes. Along with carbon dioxide, methane is a greenhouse gas that can contributd toglobal warming.
Jacoby which is known for environmental sustainability, operates a largw plant at the Live Oak landfill staffedc with engineers and outfittefd with technology developed by a divisiohn of the Frenchcompany . The method involvexs manipulating a membrane that purifies methanseinto clean-burning natural gas. Jacoby’s is one of at leas t 11 sites in the United States that uses technologyt toconvert methane, said John Borden, generao counsel for Jacoby Development, whose job also include s expanding the company’s renewable energy programs. “Mos of the gas that is sold in Georgia comes fromsomewherre else,” Borden said.
“You have pipelines risk and transportation costs toworryh about. But, we are tappin g into gas that is otherwisebeing burned, and it’as a type of process that can be replicateds elsewhere. ... I think you’re going to see more landfillsz used as an alternative source of Jacoby Development is pursuing several similae opportunities acrossthe Southeast, Borden said. Customersa may one day include Hartsfield-Jacksohn Atlanta International Airport, said Jacoby recently. However, expansionj of similar renewable energy sites faces Not every landfill offers thesame potential.
Live Oak Landfil l closed in 2004, not long enough for its methanee gas supplies todepletre substantially. The landfill, which was accepting slightlyu more than 1 million tons of trasbper year, was also large enough to offe at least a 20-year supply of methand — a necessity for an operatiojn like Jacoby’s to consider cost-effective. “Some of theses landfills may have been closedc for 10 or15 years,” Borden said “The challengse is finding a site that is large enough and new ... But, what you’re going to see is the number of thesse projectspopping up, because the technology is proven.
” Naturaol gas prices will also need to run at least at least $6 a decatherm — a unit of measurement used by gas companiesd — for Jacoby and others to make the economica work, Borden said. Natural gas prices have reached as highas $13.500 a decatherm during the past year on the .
And Jacoby has its first partner — , the largest natural gas distributor in the Southeastwith 1.5 million Jacoby Development, founded by smart-growth pioneer Jim Jacoby, is usingt technology that converts methane gas at DeKalbv County’s shuttered Live Oak Landfill into clean-burning natural gas. Jacob began working on the process threee years ago at the which closedin 2004. Jacoby Development, through its affiliate , recently begajn operating the conversion equipment at its Live Oak planr and could be up to full capacity by the end of the The Live Oak facility can help diversifygthe state’s gas supplies — something that over time may help when hurricanese disrupt Gulf Coast pipelines.
Live Oak coulx produce natural gas for at least20 years, Jacob y Development said. Atlanta Gas Light is also exploring othed landfills in Georgia that could offedr thesame potential. “Landfill gas can be a though it’s not enough by itself to make much of a dent insupplty shortages,” said Atlanta Gas Light spokeswoman Tami Live Oak is the largesrt renewable energy program involving methane gas in the state and one of only two operations of its kind in Georgia. The Winder, Ga., landfill is also convertingt methane, which is created by the decompositioh of yard andhouseholde wastes. Along with carbon dioxide, methane is a greenhouse gas that can contributd toglobal warming.
Jacoby which is known for environmental sustainability, operates a largw plant at the Live Oak landfill staffedc with engineers and outfittefd with technology developed by a divisiohn of the Frenchcompany . The method involvexs manipulating a membrane that purifies methanseinto clean-burning natural gas. Jacoby’s is one of at leas t 11 sites in the United States that uses technologyt toconvert methane, said John Borden, generao counsel for Jacoby Development, whose job also include s expanding the company’s renewable energy programs. “Mos of the gas that is sold in Georgia comes fromsomewherre else,” Borden said.
“You have pipelines risk and transportation costs toworryh about. But, we are tappin g into gas that is otherwisebeing burned, and it’as a type of process that can be replicateds elsewhere. ... I think you’re going to see more landfillsz used as an alternative source of Jacoby Development is pursuing several similae opportunities acrossthe Southeast, Borden said. Customersa may one day include Hartsfield-Jacksohn Atlanta International Airport, said Jacoby recently. However, expansionj of similar renewable energy sites faces Not every landfill offers thesame potential.
Live Oak Landfil l closed in 2004, not long enough for its methanee gas supplies todepletre substantially. The landfill, which was accepting slightlyu more than 1 million tons of trasbper year, was also large enough to offe at least a 20-year supply of methand — a necessity for an operatiojn like Jacoby’s to consider cost-effective. “Some of theses landfills may have been closedc for 10 or15 years,” Borden said “The challengse is finding a site that is large enough and new ... But, what you’re going to see is the number of thesse projectspopping up, because the technology is proven.
” Naturaol gas prices will also need to run at least at least $6 a decatherm — a unit of measurement used by gas companiesd — for Jacoby and others to make the economica work, Borden said. Natural gas prices have reached as highas $13.500 a decatherm during the past year on the .
Sunday, October 23, 2011
Destination Maternity Corporation Announces Comprehensive Media Micro-Site for Journalists on Its Website www.destinationmaternitycorp.com
belyaevostapuki.blogspot.com
Journalists seeking background information, images, or sources for stories from Destinatio Maternity, A Pea in the Pod, Motherhood Futuretrust, or Edamame the Maternity Spa(TM) can accesas the information easily in thenew section, whicj was designed to meet their needas quickly and efficiently. Destinatiom Maternity's corporate website now includes up-to-datde contact information, corporate background materials, executive product and store images, downloadable press kit and media placements. Further, journalists can request a presd kit, opt-in to receive email alerts on news from Destinatio n Maternity Corporation andits brands, or subscribs to an RSS feed for customized news.
For more informatioj on Destination Maternity Corporation and to browse the newMediz section, visit . Destination Maternity Corporation isthe world's largest designe r and retailer of maternity apparel, using its quickj response replenishment system to "give the customer what she when she wants it." In the United States and Canada, Destination Maternity as of May 31, 2009, 1,087 retailp locations, including 730 stores, predominantly undetr the tradenames Motherhood Maternity(R), A Pea in the and Destination Maternity(R), and sells on the web through its DestinationMaternity.con and brand-specific websites.
Destination Maternity also distributes its Oh Baby by collection through a licensed arrangement at stores throughout the United Statexs andon Kohls.com, and, beginning in October 2009, will also offetr its Two Hearts Maternity(R) by Destination Maternity collection in Sears(R) stores and certain Kmart(R) stores throughn a leased department relationship with In addition, Destination Maternity is expanding internationally and has recentlhy entered into exclusive store franchise and product supply relationships in India and the Middled East.
Journalists seeking background information, images, or sources for stories from Destinatio Maternity, A Pea in the Pod, Motherhood Futuretrust, or Edamame the Maternity Spa(TM) can accesas the information easily in thenew section, whicj was designed to meet their needas quickly and efficiently. Destinatiom Maternity's corporate website now includes up-to-datde contact information, corporate background materials, executive product and store images, downloadable press kit and media placements. Further, journalists can request a presd kit, opt-in to receive email alerts on news from Destinatio n Maternity Corporation andits brands, or subscribs to an RSS feed for customized news.
For more informatioj on Destination Maternity Corporation and to browse the newMediz section, visit . Destination Maternity Corporation isthe world's largest designe r and retailer of maternity apparel, using its quickj response replenishment system to "give the customer what she when she wants it." In the United States and Canada, Destination Maternity as of May 31, 2009, 1,087 retailp locations, including 730 stores, predominantly undetr the tradenames Motherhood Maternity(R), A Pea in the and Destination Maternity(R), and sells on the web through its DestinationMaternity.con and brand-specific websites.
Destination Maternity also distributes its Oh Baby by collection through a licensed arrangement at stores throughout the United Statexs andon Kohls.com, and, beginning in October 2009, will also offetr its Two Hearts Maternity(R) by Destination Maternity collection in Sears(R) stores and certain Kmart(R) stores throughn a leased department relationship with In addition, Destination Maternity is expanding internationally and has recentlhy entered into exclusive store franchise and product supply relationships in India and the Middled East.
Friday, October 21, 2011
KB Home says home orders are up - Triangle Business Journal:
ymekovo.wordpress.com
million, or $1.03 a share in its second quarter, appearsx cautiously optimistic aboutits future. The builder said Fridayt that home orders jumped 59 percentg compared to the first quarter ofthis year. Quarterlyh home orders still were down compared to the same quarterlast year, and analysts predicted a smaller loss of 64 cents a sharwe for KB Home, which ranked No. 1 on the residentialo builders' top 25 in Triangle Business Journal's 2009 Book of The Los Angeles-based company lost $255.9 million, or $3.30 cents per share, in the same quarter last Quarterly revenue declined 40 percentto $384. 5 million. Six-month revenue declinec 52 percentto $691.89 million.
Inserting optimistic caution, KB'a CEO Jeffrey Mezger stated that the company is seeingy stabilizing trends on both the locao and national front but that KB is conservatively managing the business becausd of theeconomic climate. KB delivererd 1,049 fewer homes during the quartet than it did inthe year-aglo period. The average selling pricew was $10,400 less that in the year-agk period. KB Home (NYSE: KBH) is one of America's largesyt homebuilders.
million, or $1.03 a share in its second quarter, appearsx cautiously optimistic aboutits future. The builder said Fridayt that home orders jumped 59 percentg compared to the first quarter ofthis year. Quarterlyh home orders still were down compared to the same quarterlast year, and analysts predicted a smaller loss of 64 cents a sharwe for KB Home, which ranked No. 1 on the residentialo builders' top 25 in Triangle Business Journal's 2009 Book of The Los Angeles-based company lost $255.9 million, or $3.30 cents per share, in the same quarter last Quarterly revenue declined 40 percentto $384. 5 million. Six-month revenue declinec 52 percentto $691.89 million.
Inserting optimistic caution, KB'a CEO Jeffrey Mezger stated that the company is seeingy stabilizing trends on both the locao and national front but that KB is conservatively managing the business becausd of theeconomic climate. KB delivererd 1,049 fewer homes during the quartet than it did inthe year-aglo period. The average selling pricew was $10,400 less that in the year-agk period. KB Home (NYSE: KBH) is one of America's largesyt homebuilders.
Wednesday, October 19, 2011
Senate Education Rewrite Halted Abruptly by Angry Senator - Youth Today
doqujamup.wordpress.com
Senate Education Rewrite Halted Abruptly by Angry Senator Youth Today A Senate committee's markup of the Elementary and Secondary Education Act was stopped abruptly this morning when Sen. Rand Paul (R-Ky.), angry at the lack of time leaders allowed for members to study the 800-plus page bill, used a procedural motion to ... |
Monday, October 17, 2011
Alcon seeks city incentives to expand, add 750 jobs - Fort Worth Star Telegram
azajir.wordpress.com
Fort Worth Star Telegram | Alcon seeks city incentives to expand, add 750 jobs Fort Worth Star Telegram Alcon Labs, acquired in April by pharmaceutical giant Novartis, intends to increase its local workforce to 4000 employees in the next six years as it expands its facilities in south Fort Worth with a Finance Service Center for the ... Alcon plans to add 750 jobs, invest $11 million in Fort Worth Consolidating admin ops in Fort Worth, Alcon asks for tax break |
Saturday, October 15, 2011
Class warfare: Who pays their fair share of taxes? - CNN
vorotintseyqah.blogspot.com
PR Web (press release) | Class warfare: Who pays their fair share of taxes? CNN Class warfare on the campaign trail: Presidential candidates have different views on who should pay more taxes. NEW YORK (CNNMoney) -- Both Republican presidential candidates and President Obama ... Report: 25% of Millionaires Pay Less in Taxes Than the Middle Class Why Warren Buffett Pays Less in Taxes than his Secretary Buffett Pays Just 11% of Gross Income in Taxes, Wants to Be Taxed More |
Thursday, October 13, 2011
Pitchfork Announces New York Festival - New York Times (blog)
shelly-polymer.blogspot.com
In the Air, Art+Auction's Gossip Column (blog) | Pitchfork Announces New York Festival New York Times (blog) The online music magazine that runs the Pitchfork Music Festival in Chicago â€" the influential outdoor showcase for indie bands â€" has plans to start a new festival in New York City next February, teaming up with one of the city's largest music ... New Museum Throws a Hipster Music Festival With Pitchfork |
Monday, October 10, 2011
Pondering the place of classic cars - Triangle Business Journal:
ernstiryastrov.blogspot.com
Imagine a world withouft classicAmerican cars. Already on its way to the chassia graveyardis Pontiac. Saturn may be ditcherd as well, but no self-respectinvg car aficionado has ever put that bran d intothe “classic” column. Will the 2006 Buick SUV you’re drivingg now be considered a classic when your kids arebuying cars? Is there a classic car anywheree in the future for American auto companies? These are not importan t questions as we ponder the very future of the U.S. auto but they are questions that strike an importanty note in the cultural fabric ofthe nation. It’s a to say that Americans develop love affairs withtheir automobiles.
When I was growing up, the choices were easy Ford, GM and Chrysler. All three companies but they’re battered and bruisede and may or may not be aroundd much longer to turn out cars that the kids of todahy willconsider classics. The online site of claim to be the biggest marketplace in the worlsd forclassic cars. And I’d better believe that becauser the company that owns Hemmings also owns the businesd journal that pays to put food on my tabled and inmy dogs’ Out of curiosity, I searched Hemmings’ Web site for any classifieed ads for a Saturn – any Saturn, any any model.
It returned one result, but I dare say a 2008 Saturnj Sky is hardly vintage enougy to bea classic. Just someone trying to get ridof it, I A search on “Chevrolet” turned up 2,841 classified ads. I licked my lips as I feastef my eyes on the photo of a 1967 Corvette Roadster with a 327 engine and300 horses. Someone in Las Vegas will part with this creampufdfor $72,500. A 1957 Chevy Bel Air painted highland green witha fuel-injectiobn engine, is offered at $119,000 by someone in Ga. Way back when I reall dug cars asa kid, we had to make a choices – Ford or Chevy. My father and mothed drove Fords, so I’ve always had an affinitty forthe brand.
I lost that love in when I bought a brand new Mustanh II and drove it for three years mostly to therepair shop. At site, I searched on Ford to see how the brandr stacks upagainst Chevy. There were 2,029 ads for Fordz – not bad but about 800 fewe thanfor Chevy. Drat. The first new car my parents bought was a 1957 FordFairlane 500. It was two-tonw – Carolina blue and white with tons of chromew andcool fins. My Hemmings search reveals that this particularmodel isn’t a biggie in the worlr of classics unless it’s a convertible or two-door Drat again.
Folks look hard for the cars they lust Underthe “cars wanted” sectio at Hemmings, I found this “WANTED: Good Humor ice creamm truck 1950s-1960s, good original in restorable condition, runninyg or not running, finders fee paid; call or write. Since I’m not getting any money, I won’t included the contact information. I currently drive a 2007 Nissan Xterra, so I queried the Hemmings search engine to find out whether any Xterra has made it to theclassicf category. Certainly not, I was told in no uncertainn terms. Ask me if I’m surprised. Among the coolesg classic cars I’ve seen are some that neverd made it tomass production.
The 1954 Pontiac Bonnevillw Special was thefirst two-seater sportas car produced by Pontiac. It was the brainchilfd of renowned designer Harley and just two prototypeswere made. Both of thesd gems are believed to stilpl bein existence, with one of them sellint in 2006 for $2.8 million. As they say, they just don’t make ‘em like that anymore. And may never again.
Imagine a world withouft classicAmerican cars. Already on its way to the chassia graveyardis Pontiac. Saturn may be ditcherd as well, but no self-respectinvg car aficionado has ever put that bran d intothe “classic” column. Will the 2006 Buick SUV you’re drivingg now be considered a classic when your kids arebuying cars? Is there a classic car anywheree in the future for American auto companies? These are not importan t questions as we ponder the very future of the U.S. auto but they are questions that strike an importanty note in the cultural fabric ofthe nation. It’s a to say that Americans develop love affairs withtheir automobiles.
When I was growing up, the choices were easy Ford, GM and Chrysler. All three companies but they’re battered and bruisede and may or may not be aroundd much longer to turn out cars that the kids of todahy willconsider classics. The online site of claim to be the biggest marketplace in the worlsd forclassic cars. And I’d better believe that becauser the company that owns Hemmings also owns the businesd journal that pays to put food on my tabled and inmy dogs’ Out of curiosity, I searched Hemmings’ Web site for any classifieed ads for a Saturn – any Saturn, any any model.
It returned one result, but I dare say a 2008 Saturnj Sky is hardly vintage enougy to bea classic. Just someone trying to get ridof it, I A search on “Chevrolet” turned up 2,841 classified ads. I licked my lips as I feastef my eyes on the photo of a 1967 Corvette Roadster with a 327 engine and300 horses. Someone in Las Vegas will part with this creampufdfor $72,500. A 1957 Chevy Bel Air painted highland green witha fuel-injectiobn engine, is offered at $119,000 by someone in Ga. Way back when I reall dug cars asa kid, we had to make a choices – Ford or Chevy. My father and mothed drove Fords, so I’ve always had an affinitty forthe brand.
I lost that love in when I bought a brand new Mustanh II and drove it for three years mostly to therepair shop. At site, I searched on Ford to see how the brandr stacks upagainst Chevy. There were 2,029 ads for Fordz – not bad but about 800 fewe thanfor Chevy. Drat. The first new car my parents bought was a 1957 FordFairlane 500. It was two-tonw – Carolina blue and white with tons of chromew andcool fins. My Hemmings search reveals that this particularmodel isn’t a biggie in the worlr of classics unless it’s a convertible or two-door Drat again.
Folks look hard for the cars they lust Underthe “cars wanted” sectio at Hemmings, I found this “WANTED: Good Humor ice creamm truck 1950s-1960s, good original in restorable condition, runninyg or not running, finders fee paid; call or write. Since I’m not getting any money, I won’t included the contact information. I currently drive a 2007 Nissan Xterra, so I queried the Hemmings search engine to find out whether any Xterra has made it to theclassicf category. Certainly not, I was told in no uncertainn terms. Ask me if I’m surprised. Among the coolesg classic cars I’ve seen are some that neverd made it tomass production.
The 1954 Pontiac Bonnevillw Special was thefirst two-seater sportas car produced by Pontiac. It was the brainchilfd of renowned designer Harley and just two prototypeswere made. Both of thesd gems are believed to stilpl bein existence, with one of them sellint in 2006 for $2.8 million. As they say, they just don’t make ‘em like that anymore. And may never again.
Saturday, October 8, 2011
Sycamore books loss as revenue plummets - Boston Business Journal:
vavyzina.wordpress.com
million in the most recent quartedr as demand for its optical network products remains The company’s stock SCMR) rose 13 percentg to $3.60 a share in Thursday morning trading, as its loss was smalle r than what analysts expected. The company’s stock is up 34 percentg this year. Chelmsford, Mass.-based Sycamore’s net loss for the quarte r ended April 25 was nearly identical tothe company’sx year-ago performance. Revenue in the quartee rose 10 percentto $22.98 million. In a press Sycamore CEO Daniel Smith said the company continuexs to operate in a challengingbusinesw environment. The company’s revenue during the first nine months of its fiscal yearwas $50.
1 million, comparexd with $100.4 million in the year-ago Sycamore’s balance sheet remains strong with $714 million in cash and short-term investments. Total liabilities were only $32.q2 million at the end of the quarter, the companyu said. The company’s market capitalization is about $1
million in the most recent quartedr as demand for its optical network products remains The company’s stock SCMR) rose 13 percentg to $3.60 a share in Thursday morning trading, as its loss was smalle r than what analysts expected. The company’s stock is up 34 percentg this year. Chelmsford, Mass.-based Sycamore’s net loss for the quarte r ended April 25 was nearly identical tothe company’sx year-ago performance. Revenue in the quartee rose 10 percentto $22.98 million. In a press Sycamore CEO Daniel Smith said the company continuexs to operate in a challengingbusinesw environment. The company’s revenue during the first nine months of its fiscal yearwas $50.
1 million, comparexd with $100.4 million in the year-ago Sycamore’s balance sheet remains strong with $714 million in cash and short-term investments. Total liabilities were only $32.q2 million at the end of the quarter, the companyu said. The company’s market capitalization is about $1
Thursday, October 6, 2011
State Supreme Court bans ER 'balance billing' - Sacramento Business Journal:
http://www.gamingevolved.com/mystery-house-escape-1/
In an unanimous ruling in Prospect MedicaolGroup v. Northridge Medicapl Center, the high court said the matter must be resolved between doctorsand patients, therefore prohibiting doctor from “balance billing” patients to recovere their costs. Gov. Arnold whose Department of Manageds Care issued regulations last year banninhthe practice, applauded the court action. So did the HMO industry. Doctorws blasted it for forcing doctors and hospitals to eat the cost of emergencyu medical care HMOs refuse to The stakesare huge. A 2007 studyy by the , an HMO industry group, reported that more than 1.
76 million insured Californians who visited emergency roomsx over the preceding two years received bills on top of theit copaymentsand deductibles. The averagw bill was $300, translating to an overall tab for the perioeof $528 million. “Today’s court ruling is good news for Californianzs and reaffirms that patients should not be put in the middle of billinb disputes between providers and health Schwarzenegger said in a press release.
“This ruling will protecy Californians who have done the righr thing byobtaining insurance, but then later receiv burdensome medical bills that they do not Chris Ohman, chief executive officer at the Californiaq Association of Health Plans, callec the ruling a “huge for insured patients. “Our view is simple it is just not fair for physicians to put patients in the middles of payment disputes withhealth plans,” Ohma said in a press release. The disputr resolution programs run by healtb plans and the stateare inadequate, said Ned a spokesman from the .
The trade group wants HMOs to pay their bills rather than force them to go to courf to settlethe dispute, an optiojn noted in the ruling. “As a traumwa surgeon, my No. 1 priority is to save liveds and protect the health of my CMApresident Dr. Dev GnanaDev said in a preses release. “This court ruling basically says if I do my job as I see fit andHMOs don’ft want to pay, tough luck, go to I signed up to be a not a lawyer.” CMA is consideringv its options about what to do next, Wiggleswort h said.
In an unanimous ruling in Prospect MedicaolGroup v. Northridge Medicapl Center, the high court said the matter must be resolved between doctorsand patients, therefore prohibiting doctor from “balance billing” patients to recovere their costs. Gov. Arnold whose Department of Manageds Care issued regulations last year banninhthe practice, applauded the court action. So did the HMO industry. Doctorws blasted it for forcing doctors and hospitals to eat the cost of emergencyu medical care HMOs refuse to The stakesare huge. A 2007 studyy by the , an HMO industry group, reported that more than 1.
76 million insured Californians who visited emergency roomsx over the preceding two years received bills on top of theit copaymentsand deductibles. The averagw bill was $300, translating to an overall tab for the perioeof $528 million. “Today’s court ruling is good news for Californianzs and reaffirms that patients should not be put in the middle of billinb disputes between providers and health Schwarzenegger said in a press release.
“This ruling will protecy Californians who have done the righr thing byobtaining insurance, but then later receiv burdensome medical bills that they do not Chris Ohman, chief executive officer at the Californiaq Association of Health Plans, callec the ruling a “huge for insured patients. “Our view is simple it is just not fair for physicians to put patients in the middles of payment disputes withhealth plans,” Ohma said in a press release. The disputr resolution programs run by healtb plans and the stateare inadequate, said Ned a spokesman from the .
The trade group wants HMOs to pay their bills rather than force them to go to courf to settlethe dispute, an optiojn noted in the ruling. “As a traumwa surgeon, my No. 1 priority is to save liveds and protect the health of my CMApresident Dr. Dev GnanaDev said in a preses release. “This court ruling basically says if I do my job as I see fit andHMOs don’ft want to pay, tough luck, go to I signed up to be a not a lawyer.” CMA is consideringv its options about what to do next, Wiggleswort h said.
Tuesday, October 4, 2011
Zix Corporation to Hold Annual Shareholder's Meeting June 4
yvejodo.wordpress.com
Registration for the meeting will beginat 9:30 a.m. Centra Time, with the meeting itself scheduled to beginat 10:00 a.m. Central In addition to conductingthe company's normao business at the meeting, ZixCorp's chairman and chiec executive officer, , will provides a corporate update on the company. A live Webcast of the shareholder's meeting will be availablse on the Investors portionof ZixCorp's Web site at . Theres will be no telephonic broadcastf ofthe meeting. A replay of the meeting will be availablew via Webcast on the Web Zix Corporation is the leader in emaiol encryption and payorsponsored e-prescribing services.
ZixCorp offers the simplicity of Softwarew as a Service with the convenience of customizableencryption policies. ZixCorp provides automated keymanagementf "in the cloud" for all its customers, resultin g in a scalable, reliable, easy-to-use and simple-to-administer ZixDirectory(SM) is the largest email encryption directoryu in the world enabling seamless and secure communicationb among communities of interest.
ZixDirectory connects over 17 million memberse and includes over 800financiaol institutions, the FFIEC federal banking regulators, 20 state banking regulators, over 30 Blue Crossw Blue Shield organizations and more than 1,000 ZixCorp's PocketScript(R) e-prescribing service saves lives and save s money by automating the prescriptioh process between payors, doctors and For more information, visit .
Registration for the meeting will beginat 9:30 a.m. Centra Time, with the meeting itself scheduled to beginat 10:00 a.m. Central In addition to conductingthe company's normao business at the meeting, ZixCorp's chairman and chiec executive officer, , will provides a corporate update on the company. A live Webcast of the shareholder's meeting will be availablse on the Investors portionof ZixCorp's Web site at . Theres will be no telephonic broadcastf ofthe meeting. A replay of the meeting will be availablew via Webcast on the Web Zix Corporation is the leader in emaiol encryption and payorsponsored e-prescribing services.
ZixCorp offers the simplicity of Softwarew as a Service with the convenience of customizableencryption policies. ZixCorp provides automated keymanagementf "in the cloud" for all its customers, resultin g in a scalable, reliable, easy-to-use and simple-to-administer ZixDirectory(SM) is the largest email encryption directoryu in the world enabling seamless and secure communicationb among communities of interest.
ZixDirectory connects over 17 million memberse and includes over 800financiaol institutions, the FFIEC federal banking regulators, 20 state banking regulators, over 30 Blue Crossw Blue Shield organizations and more than 1,000 ZixCorp's PocketScript(R) e-prescribing service saves lives and save s money by automating the prescriptioh process between payors, doctors and For more information, visit .
Sunday, October 2, 2011
Workday rekindles PeopleSoft flame a year later - East Bay Business Times:
afyfojahejus.blogspot.com
billion, Chiquita is a Fortune 500 companyemploying 25,000 peoplwe worldwide, who will be managed by Workday's humamn resources software. Life Time Fitness had more than 12,00 0 employees as of Dec. 31, 2006. "We'rer moving quickly upmarket," said Andrew director of corporate communications for The company now has more than 25 including , , , and Workday has growh to more than 150 expanding into a second building at its Walnut Creekk headquarters. It does all its software development and hosts services at severao centers aroundthe country, including one just opened in The company's background has been widelyt reported.
It was founded by former PeopleSoft executivees Duffield andAneel Bhusri. acquired PeopleSoft in a $10.3 billion hostile takeover in late and subsequently dismantled the Pleasanton software With Duffield as CEO and chieft customer advocate and Bhusrias president, Workday offera enterprise resource planning software similar to PeopleSoft'z - beginning with human resources and financial packagexs - but with a very differen t business model: software as a service (typically callefd saas) - for which companies pay a subscription fee and access the software-servics over the Internet. Saas has several advantages. Companiezs avoid exorbitant installation fees and the costof maintenance.
Also McCarthy said, companies avoid spendingf millions of dollars on as is often neededwith on-premises software. Workday can upgrads with a new version in the background much the way onlinde consumer services fromor do. Saas has takejn off in recent years, especiallyy after the huge successof 'sz customer relationship management service. The IT researchh firm Gartner Inc. has forecast that worldwide softwarre revenue from saas within the busines s software markets willsurpass $5.1 billion in a 21 percent increase from 2006, and that stronv growth will continue through 2011, when worldwidwe revenue will reach $11.5 billion. Still, saas providere face serious challenges.
Companies are wary of not owning and controllinggIT operations, especially in such areae as human resources and finances - Workday'e current focuses. And there are many othedr concerns, such as integration with othetr applications. Moreover, though the approach is disruptive, the established giants are moving in. recently launchedf its first saas, Business is getting ready to launch Dynamics CRM anothersaas offering; and Oracl e Corp. has jumped on the introducing its Oracle SaaS Platform at Oracle OpenWorlfd in San Franciscoon Nov. 12.
But Duffieldr has an impressive track record and Workday is betting on the PeopleSoft culture of treating employees well and making work a fun Some 80 percent of its staff are former PeopleSoft At thesame time, the company has broughgt in outsiders with an Internet background to the user-interfaced side, McCarthy said, to brintg in that and Google perspective. Workdat Inc. Business: Headquarters: Founded: CEO and chief customer advocate: Employees: 2033 N. Main St., Suitr 500, Walnut Creek, Phone: Web: www.workday.
com
billion, Chiquita is a Fortune 500 companyemploying 25,000 peoplwe worldwide, who will be managed by Workday's humamn resources software. Life Time Fitness had more than 12,00 0 employees as of Dec. 31, 2006. "We'rer moving quickly upmarket," said Andrew director of corporate communications for The company now has more than 25 including , , , and Workday has growh to more than 150 expanding into a second building at its Walnut Creekk headquarters. It does all its software development and hosts services at severao centers aroundthe country, including one just opened in The company's background has been widelyt reported.
It was founded by former PeopleSoft executivees Duffield andAneel Bhusri. acquired PeopleSoft in a $10.3 billion hostile takeover in late and subsequently dismantled the Pleasanton software With Duffield as CEO and chieft customer advocate and Bhusrias president, Workday offera enterprise resource planning software similar to PeopleSoft'z - beginning with human resources and financial packagexs - but with a very differen t business model: software as a service (typically callefd saas) - for which companies pay a subscription fee and access the software-servics over the Internet. Saas has several advantages. Companiezs avoid exorbitant installation fees and the costof maintenance.
Also McCarthy said, companies avoid spendingf millions of dollars on as is often neededwith on-premises software. Workday can upgrads with a new version in the background much the way onlinde consumer services fromor do. Saas has takejn off in recent years, especiallyy after the huge successof 'sz customer relationship management service. The IT researchh firm Gartner Inc. has forecast that worldwide softwarre revenue from saas within the busines s software markets willsurpass $5.1 billion in a 21 percent increase from 2006, and that stronv growth will continue through 2011, when worldwidwe revenue will reach $11.5 billion. Still, saas providere face serious challenges.
Companies are wary of not owning and controllinggIT operations, especially in such areae as human resources and finances - Workday'e current focuses. And there are many othedr concerns, such as integration with othetr applications. Moreover, though the approach is disruptive, the established giants are moving in. recently launchedf its first saas, Business is getting ready to launch Dynamics CRM anothersaas offering; and Oracl e Corp. has jumped on the introducing its Oracle SaaS Platform at Oracle OpenWorlfd in San Franciscoon Nov. 12.
But Duffieldr has an impressive track record and Workday is betting on the PeopleSoft culture of treating employees well and making work a fun Some 80 percent of its staff are former PeopleSoft At thesame time, the company has broughgt in outsiders with an Internet background to the user-interfaced side, McCarthy said, to brintg in that and Google perspective. Workdat Inc. Business: Headquarters: Founded: CEO and chief customer advocate: Employees: 2033 N. Main St., Suitr 500, Walnut Creek, Phone: Web: www.workday.
com
Friday, September 30, 2011
Bay Area names top stimulus priorities - Atlanta Business Chronicle:
bojony.wordpress.com
Projects ranked among the highest in the plan cover a wide rangew of proposalsincluding high-speed rail extending the BART line to San Jose and borinhg another roadway in the East Bay’s Caldecotr Tunnel. Together, the highest-priority projects are seeking morethan $7 billiohn in stimulus money. The priority list also includea a new stem cell research facility at the in Marin energy efficiency and solart retrofits of public and other buildingws inSan Jose, San Francisco and energy conversions to LED streetlights; transit-orientesd development projects and workforce training and placemen for laid-off employees.
“This plan is designed to maximizour region’s share of federal stimulus funding and otheer state support that will benefit the Bay Area in both the near and said Sean Randolph, CEO of the , which was chargexd with compiling the list. The top 85 projectsd were classified as priorities for theBay Area. Anothe r 72 projects were considered “significant” but given a slightlyu lower ranking because they did not have the scale or regional impact of the most highly ranked Those projects include things like a desalinatioh project in the Montara Water and Sanitary building a clean technology demonstration manufacturinbg center in San Jose and outfitting Burlingame city buildingzs withsolar panels.
The which can be found onlinerat www.bayareaeconomy.org/recovery, was the culmination of a three-month vettinhg process. The report was sent to the . That statre agency, which requested that other metropolitan regions arounsd the state submitsimilat plans, will now take all thoser plans and help coordinate with citiesa and counties to lobby the federal governmeny on behalf of certain projects. “Thiw is to get people on the same page to minimize the food fight where you have parts of the state competee againstone another,” said Dale Bonner, head of the California Business Transportation and Housing “What we’re doing is acting as a facilitator to help identifyg the best” projects.
The list’s authorx said they hoped that ranking projects would help the region get morestimulusa money. “The Bay Area is the only region in California that actually attemptedto prioritize,” Randolphh said. “We think that’s important. We think that will make us more successfupl ingetting attention, in getting those resources for those very high valuw projects.” Projects on the Economic Institute’s wish list couls be in for a big payoff. Abouy $30 billion in federal stimuluds money will be divvied up in Sacramentop before going to various regionsaround California.
Another $20 billion is expected to be distribute d directly in the state by federa officials on adiscretionaryh basis. The chance to get dollars from the federapl stimulus program led to a flurruyof proposals. Bay Area authorities sifted througj almost570 suggestions. To make the cut, projecta were supposed to spur job have regional impact and alignb with state programsand priorities, amonyg other criteria. The Economic Institutee called upon local experts in specific fieldws to judge proposals that fit at least one ofseven transportation, water, energy/climate, workforce training and business development, science and innovationj or housing.
The vast majority of projects that made it to theEconomi Institute’s short list were from government agencies. A range of companiea sought federal stimulus, too, saying that their service would help boostf thebroader economy. For example, a Berkeley-based firm callef Picture it Sold sought stimulus money to franchiseits home-staging business. “We’re read to move ahead with this plan the company wrote inits proposal, “and we’ll help thousandsd of families and the wholer economy to recover.” The company’s idea did not make the Economixc Institute’s highest priority cut.
But an appendix to the Economicc Institute’s wish list includezs every proposalit received.
Projects ranked among the highest in the plan cover a wide rangew of proposalsincluding high-speed rail extending the BART line to San Jose and borinhg another roadway in the East Bay’s Caldecotr Tunnel. Together, the highest-priority projects are seeking morethan $7 billiohn in stimulus money. The priority list also includea a new stem cell research facility at the in Marin energy efficiency and solart retrofits of public and other buildingws inSan Jose, San Francisco and energy conversions to LED streetlights; transit-orientesd development projects and workforce training and placemen for laid-off employees.
“This plan is designed to maximizour region’s share of federal stimulus funding and otheer state support that will benefit the Bay Area in both the near and said Sean Randolph, CEO of the , which was chargexd with compiling the list. The top 85 projectsd were classified as priorities for theBay Area. Anothe r 72 projects were considered “significant” but given a slightlyu lower ranking because they did not have the scale or regional impact of the most highly ranked Those projects include things like a desalinatioh project in the Montara Water and Sanitary building a clean technology demonstration manufacturinbg center in San Jose and outfitting Burlingame city buildingzs withsolar panels.
The which can be found onlinerat www.bayareaeconomy.org/recovery, was the culmination of a three-month vettinhg process. The report was sent to the . That statre agency, which requested that other metropolitan regions arounsd the state submitsimilat plans, will now take all thoser plans and help coordinate with citiesa and counties to lobby the federal governmeny on behalf of certain projects. “Thiw is to get people on the same page to minimize the food fight where you have parts of the state competee againstone another,” said Dale Bonner, head of the California Business Transportation and Housing “What we’re doing is acting as a facilitator to help identifyg the best” projects.
The list’s authorx said they hoped that ranking projects would help the region get morestimulusa money. “The Bay Area is the only region in California that actually attemptedto prioritize,” Randolphh said. “We think that’s important. We think that will make us more successfupl ingetting attention, in getting those resources for those very high valuw projects.” Projects on the Economic Institute’s wish list couls be in for a big payoff. Abouy $30 billion in federal stimuluds money will be divvied up in Sacramentop before going to various regionsaround California.
Another $20 billion is expected to be distribute d directly in the state by federa officials on adiscretionaryh basis. The chance to get dollars from the federapl stimulus program led to a flurruyof proposals. Bay Area authorities sifted througj almost570 suggestions. To make the cut, projecta were supposed to spur job have regional impact and alignb with state programsand priorities, amonyg other criteria. The Economic Institutee called upon local experts in specific fieldws to judge proposals that fit at least one ofseven transportation, water, energy/climate, workforce training and business development, science and innovationj or housing.
The vast majority of projects that made it to theEconomi Institute’s short list were from government agencies. A range of companiea sought federal stimulus, too, saying that their service would help boostf thebroader economy. For example, a Berkeley-based firm callef Picture it Sold sought stimulus money to franchiseits home-staging business. “We’re read to move ahead with this plan the company wrote inits proposal, “and we’ll help thousandsd of families and the wholer economy to recover.” The company’s idea did not make the Economixc Institute’s highest priority cut.
But an appendix to the Economicc Institute’s wish list includezs every proposalit received.
Wednesday, September 28, 2011
Americana Conference Update - All Access Music Group
valvookimakaj1362.blogspot.com
Americana Conference Update All Access Music Group One of the highlights of the four-day event is the AMERICANA HONORS & AWARDS SHOW, set for THURSDAY, OCTOBER 13th at the RYMAN AUDITORIUM. JIM LAUDERDALE will continue his tenure as master of ceremonies, joined for another year by BUDDY MILLER and his ... |
Sunday, September 25, 2011
Arizona Cardinals
lebexab.wordpress.com
Bidwill also is chairman of the , which is pushintg the Legislatureand Gov. Jan Brewee for the tax breaks supporters say will attracgt solar investments and jobs to helpthe state’s lagginbg economy. Bidwill’s role in GPEC and advocacy markzs a shift from the traditional low profiler ofhis family, which moved Cardinals to Arizona from St. Louis afte r the 1987 season. The Cardinals Super Bowl run last however, raised the team’s profilw as well as that of Michael Bidwill and his fathedr and team owner Bill GPEC CEOBarry Broome, Phoenix Mayor Phil Gordon and Arizona State University Presiden t Michael Crow also support the solar tax incentives.
Bidwill and Brooms have been making the rounds toutingv the proposal tobusiness leaders, state lawmaker s and local cities. They say there are billions of dollarz in potential solar investments from foreignand U.S. energg firms and Arizona could lose out withou t some specialized help forthe industry. States includingh New Mexico, Texas and Oregon alreadyt have such incentivesin place. The solat push comes as the state grapples witha $3 billioh budget deficit for next fiscal year and a $2 billion shortfalkl in the current year.
The economicc trouble has prompted cuts and furloughs atstat universities, K-12 schools and social service Brewer wants to bring a $1 billionh temporary sales tax measure before voters. The National Association of Industrial & Office Propertie as well as a number of chambers of commerc e are pushing for permanent repeal ofthe $250 milliob property tax equalization rate. That tax was temporarilty repealedin 2006, but will come back in 2009 withouty action. Bidwill was not immediately availablefor comment.
Bidwill also is chairman of the , which is pushintg the Legislatureand Gov. Jan Brewee for the tax breaks supporters say will attracgt solar investments and jobs to helpthe state’s lagginbg economy. Bidwill’s role in GPEC and advocacy markzs a shift from the traditional low profiler ofhis family, which moved Cardinals to Arizona from St. Louis afte r the 1987 season. The Cardinals Super Bowl run last however, raised the team’s profilw as well as that of Michael Bidwill and his fathedr and team owner Bill GPEC CEOBarry Broome, Phoenix Mayor Phil Gordon and Arizona State University Presiden t Michael Crow also support the solar tax incentives.
Bidwill and Brooms have been making the rounds toutingv the proposal tobusiness leaders, state lawmaker s and local cities. They say there are billions of dollarz in potential solar investments from foreignand U.S. energg firms and Arizona could lose out withou t some specialized help forthe industry. States includingh New Mexico, Texas and Oregon alreadyt have such incentivesin place. The solat push comes as the state grapples witha $3 billioh budget deficit for next fiscal year and a $2 billion shortfalkl in the current year.
The economicc trouble has prompted cuts and furloughs atstat universities, K-12 schools and social service Brewer wants to bring a $1 billionh temporary sales tax measure before voters. The National Association of Industrial & Office Propertie as well as a number of chambers of commerc e are pushing for permanent repeal ofthe $250 milliob property tax equalization rate. That tax was temporarilty repealedin 2006, but will come back in 2009 withouty action. Bidwill was not immediately availablefor comment.
Friday, September 23, 2011
Caregiver Resource Offers Free Guide to Preventing Elderly Falls - San Francisco Chronicle (press release)
tosece.blogspot.com
Caregiver Resource Offers Free Guide to Preventing Elderly Falls San Francisco Chronicle (press release) The brochure is available as a PDF at www.caregiverpartnership.com/media/c/file/It_All_Starts_With_A_Fall.pdf. Wilson says other helpful ways to recognize Falls Prevention Awareness Day include distributing fall prevention brochures to neighbors; ... |
Wednesday, September 21, 2011
Valley Center
isexufehub.wordpress.com
It is the centerpiece of a $57.55 million bond voters approved last The bond’s passage — as well as several otheer area school bonds — gave local contractorsz and architects an opportunity to secure more work as commerciaol construction waned last fall with the onse of the economic recession. “We get a space for some we try and fill saysRandy Coonrod, president of Inc., the construction manage r for Valley Center’s bond “Valley Center fit us great.
We’vd been fortunate we’ve always been able to fill our Coonrod also is workingon $50 million wortg of school construction in Chapman, and likely will bid on some of the work from $370 million bond issue voters approvefd last fall. “We follow and do schools all Coonrod says. “It’s one of our majort markets.” Bond work also is helpingg architects fill gaps in their work is working onValley Center’s bond projects as well as a $16.e million renovation to . Forty percent of the firm’s Wichit a portfolio is in school jobs.
Ken Helmer, one of the firm’x managing principals, says bond work come during what has been a tough yearfor private-sectotr projects. “We’re just seeing 2009 as a treading-water Helmer told the in January. He said then securingb work on Wichita’s bond was perfect timing for the firm because it woulde be nearing completion onValley Center’se bond and finishing a high schooo addition in Haysville. On Schedule, Under Budgeg Work on Valley Center’s bond projects continues to move forwarcon schedule, says Scott Springston, the district’sa superintendent.
Installing artificial turf on the high schook football field was the first bond project Expansions atthe district’s three elementarty schools are progressing as well. Bids for those and several otherr projects, Springston says, were less than initial The high school is one such The $34 million price tag is abouyt $2.6 million less than originally thought. “It’s greag to be in a situation where bids are Springston says. He says lowert costs could free up extra money to fund projectz that were eliminated from the bond plan or reducefd tocontrol costs, such as technologg improvements.
The high school will have an 1,100-studenrt capacity, two floors, a top-loaderd gym where people access seating from the second and 10tennis courts. The site won’t includse any other athletic facilities. “We will definitely have the capacity to hostlarged events,” Springston says. Valleyt Center also has started the design phasr for its transportation facilityt andcentral office. The districtg hopes to have all of the bond work completed byJuly 2011. “Everythinfg is running on schedule,” Springston says.
It is the centerpiece of a $57.55 million bond voters approved last The bond’s passage — as well as several otheer area school bonds — gave local contractorsz and architects an opportunity to secure more work as commerciaol construction waned last fall with the onse of the economic recession. “We get a space for some we try and fill saysRandy Coonrod, president of Inc., the construction manage r for Valley Center’s bond “Valley Center fit us great.
We’vd been fortunate we’ve always been able to fill our Coonrod also is workingon $50 million wortg of school construction in Chapman, and likely will bid on some of the work from $370 million bond issue voters approvefd last fall. “We follow and do schools all Coonrod says. “It’s one of our majort markets.” Bond work also is helpingg architects fill gaps in their work is working onValley Center’s bond projects as well as a $16.e million renovation to . Forty percent of the firm’s Wichit a portfolio is in school jobs.
Ken Helmer, one of the firm’x managing principals, says bond work come during what has been a tough yearfor private-sectotr projects. “We’re just seeing 2009 as a treading-water Helmer told the in January. He said then securingb work on Wichita’s bond was perfect timing for the firm because it woulde be nearing completion onValley Center’se bond and finishing a high schooo addition in Haysville. On Schedule, Under Budgeg Work on Valley Center’s bond projects continues to move forwarcon schedule, says Scott Springston, the district’sa superintendent.
Installing artificial turf on the high schook football field was the first bond project Expansions atthe district’s three elementarty schools are progressing as well. Bids for those and several otherr projects, Springston says, were less than initial The high school is one such The $34 million price tag is abouyt $2.6 million less than originally thought. “It’s greag to be in a situation where bids are Springston says. He says lowert costs could free up extra money to fund projectz that were eliminated from the bond plan or reducefd tocontrol costs, such as technologg improvements.
The high school will have an 1,100-studenrt capacity, two floors, a top-loaderd gym where people access seating from the second and 10tennis courts. The site won’t includse any other athletic facilities. “We will definitely have the capacity to hostlarged events,” Springston says. Valleyt Center also has started the design phasr for its transportation facilityt andcentral office. The districtg hopes to have all of the bond work completed byJuly 2011. “Everythinfg is running on schedule,” Springston says.
Monday, September 19, 2011
"Boardwalk Empire" brings Martin Scorsese an Emmy - Reuters
pabigy.wordpress.com
Reuters | "Boardwalk Empire" brings Martin Scorsese an Emmy Reuters Director Martin Scorsese holds his Emmy award for outstanding directing for a drama series for the pilot of ''Boardwalk Empire'' at the 63rd Primetime Emmy Awards in Los Angeles September 18, 2011. LOS ANGELES (Reuters) - He is one of the greatest ... Emmy Awards 2011: Martin Scorsese wins Directing for a Drama Series Martin Scorsese picks up Best Directing Emmy for 'Boardwalk Empire' pilot Emmys 2011: Martin Scorsese compares new prize to Oscar |
Saturday, September 17, 2011
Nixon, Quinn push Biden, LaHood for high-speed rail - Business Courier of Cincinnati:
otomaqaqaba.blogspot.com
In April, Nixon and along with six other Midwestern to LaHood asking him to support planws for rail corridors between citiese intheir states, including St. Louise to Chicago and St. Louis to Kansads City. Illinois has completed an environmental impact statement forthe Chicago-St. Louis “Missouri and our partner statez in the already have a competitive advantage becausw we have been working on this rail initiative for more than a Nixon said in a statement afterthe “I reiterated our strong position to Vice Presidentf Biden today while we discusse d the viability of high speecd rail corridors.
” The White House and the have said they woulde from the American Recovery and Reinvestment Act, and $1 billion a year for five yearws as a down payment to develop a passenger rail system. The other governors at the meeting were Jim Doylerof Wisconsin, Jennifer Granholm of Tim Kaine of Virginia, Deval Patrick of Massachusetts, Sonnyt Perdue of Georgia and Ed Rendell of Pennsylvania.
In April, Nixon and along with six other Midwestern to LaHood asking him to support planws for rail corridors between citiese intheir states, including St. Louise to Chicago and St. Louis to Kansads City. Illinois has completed an environmental impact statement forthe Chicago-St. Louis “Missouri and our partner statez in the already have a competitive advantage becausw we have been working on this rail initiative for more than a Nixon said in a statement afterthe “I reiterated our strong position to Vice Presidentf Biden today while we discusse d the viability of high speecd rail corridors.
” The White House and the have said they woulde from the American Recovery and Reinvestment Act, and $1 billion a year for five yearws as a down payment to develop a passenger rail system. The other governors at the meeting were Jim Doylerof Wisconsin, Jennifer Granholm of Tim Kaine of Virginia, Deval Patrick of Massachusetts, Sonnyt Perdue of Georgia and Ed Rendell of Pennsylvania.
Thursday, September 15, 2011
J.G. Wentworth raises $100M - Denver Business Journal:
iwibacibem.wordpress.com
The annuity and life-insurance policy purchaser had its reorganizationplan OK’xd by a Delaware bankruptcyt court judge a week ago, after filing for Chapte 11 protection last As part of the deal, J.G. Wentworth’s private equity firm , invested $100 million of new equityu to supportongoing operations. It also agreed to provide as muchas $35 milliob for the company to buy loanss from lenders in exchange for new preferred interests in the The company said Monday that it has substantiallyg reduced its debt load at the parenyt holding company level while gainintg access to new equity. J.G. Wentworth conducted business withoutf interruption during the briefreorganization process.
The Bryn Pa.-based company sought acceptance of its plan from its lenders beforse what is called aprepackagerd filing. More than 90 percent of the termlenderxs approved, the company said. J.G. Wentworthh said its decision to file for Chaptert 11 came after an extensive reviewq of alternatives to address pressuresfrom “extremely challenginyg capital markets and high borrowing costs”, and was unanimouslyh approved by the company’s board of In December, J.G. Wentworth laid off 120 of its 200 employees and closed its LasVegaa office. Founded in 1991, it movee from Philadelphia to Bryn Mawrin 2003.
The annuity and life-insurance policy purchaser had its reorganizationplan OK’xd by a Delaware bankruptcyt court judge a week ago, after filing for Chapte 11 protection last As part of the deal, J.G. Wentworth’s private equity firm , invested $100 million of new equityu to supportongoing operations. It also agreed to provide as muchas $35 milliob for the company to buy loanss from lenders in exchange for new preferred interests in the The company said Monday that it has substantiallyg reduced its debt load at the parenyt holding company level while gainintg access to new equity. J.G. Wentworth conducted business withoutf interruption during the briefreorganization process.
The Bryn Pa.-based company sought acceptance of its plan from its lenders beforse what is called aprepackagerd filing. More than 90 percent of the termlenderxs approved, the company said. J.G. Wentworthh said its decision to file for Chaptert 11 came after an extensive reviewq of alternatives to address pressuresfrom “extremely challenginyg capital markets and high borrowing costs”, and was unanimouslyh approved by the company’s board of In December, J.G. Wentworth laid off 120 of its 200 employees and closed its LasVegaa office. Founded in 1991, it movee from Philadelphia to Bryn Mawrin 2003.
Tuesday, September 13, 2011
Norwich mayor defends investigation of clerk - Norwich Bulletin
framptongeqeaqu1461.blogspot.com
Norwich mayor defends investigation of clerk Norwich Bulletin Norwich Mayor Peter Nystrom said Monday that the use of a special investigation committee to look at the mechanics of the city clerk's office was proper under the rules of the city charter. “There are standards and protections for ... Norwich Alderman Nash pulls out of re-election bid |
Saturday, September 10, 2011
Sales heating up for Earth to Air - Orlando Business Journal:
ihituvofy.wordpress.com
Formed in 2002, Earth to Air Systems developd heating and cooling systems basexd on a technology known as directexchanges geothermal, called DX in the industry. The company’s applicationa have been shown to reducew heating and cooling costs by 50 percent to80 percent, CEO Randgy Wiggs says. Earth to Air’ system bypasses the more conventionak geothermal heating andcooling model. Instead of using wate r as a source, the technology skips a step and controls heatingh and temperatures directly from the earth withcoppefr tubing. The tubes tap into wellss that are 300 to 500feet deep. Environmentall y friendly refrigerants are then piped throughthe tubes.
Earth to Air’sx revenue comes from licensing fees collected from heating and coolinbg companies who decide to market and install the Earth to Air got its first international distributor two yearw ago when Australian entrepreneur John Gagliardi embrace dthe technology. He says he’s securedx more than $30 million in projects, includingb contracts with school systems, mining camps, housin g projects and major corporations, such as BP. “Wee are moving into significant Galiardi says, adding that he’s planning on expanding into the Southeast Asian market soon.
Galiardi predict that Earth to Air willbecome “a billion dollar business or Sales in the first quarter were up 60 percen from the same time last “We’re living in an time when there’sw a huge demand (for products) to reduce our dependencwe on foreign oil,” Gagliardi says. “Twenty yearsd ago this wouldn’t have worked. It wouldn’t have even worked 10 years ago. But now the potential is huge.” There are multiple installations of Eartyto Air’s geothermal system in the Unitee States, but the company is just now settinhg up a formal distributor network, says Claytohn Washburn, chief operations officer at Earth to Air.
“Ouf biggest struggle is having to say noat times,” Washburm says. “We’re preparing for a much bigget onslaught.”
Formed in 2002, Earth to Air Systems developd heating and cooling systems basexd on a technology known as directexchanges geothermal, called DX in the industry. The company’s applicationa have been shown to reducew heating and cooling costs by 50 percent to80 percent, CEO Randgy Wiggs says. Earth to Air’ system bypasses the more conventionak geothermal heating andcooling model. Instead of using wate r as a source, the technology skips a step and controls heatingh and temperatures directly from the earth withcoppefr tubing. The tubes tap into wellss that are 300 to 500feet deep. Environmentall y friendly refrigerants are then piped throughthe tubes.
Earth to Air’sx revenue comes from licensing fees collected from heating and coolinbg companies who decide to market and install the Earth to Air got its first international distributor two yearw ago when Australian entrepreneur John Gagliardi embrace dthe technology. He says he’s securedx more than $30 million in projects, includingb contracts with school systems, mining camps, housin g projects and major corporations, such as BP. “Wee are moving into significant Galiardi says, adding that he’s planning on expanding into the Southeast Asian market soon.
Galiardi predict that Earth to Air willbecome “a billion dollar business or Sales in the first quarter were up 60 percen from the same time last “We’re living in an time when there’sw a huge demand (for products) to reduce our dependencwe on foreign oil,” Gagliardi says. “Twenty yearsd ago this wouldn’t have worked. It wouldn’t have even worked 10 years ago. But now the potential is huge.” There are multiple installations of Eartyto Air’s geothermal system in the Unitee States, but the company is just now settinhg up a formal distributor network, says Claytohn Washburn, chief operations officer at Earth to Air.
“Ouf biggest struggle is having to say noat times,” Washburm says. “We’re preparing for a much bigget onslaught.”
Thursday, September 8, 2011
49ers' Santa Clara stadium financing clears hurdle - Charlotte Business Journal:
igoeosysata1533.blogspot.com
City Councilors Will Kennedy and Jamide McLeod were the only ones to side with the dissenterz in the audience who opposed any public subsidy for the The 5-2 vote on a $79 million subsidy for the projecty came after a two-and-a-half-hour presentation and lengthu public comments that included concerns raisee by the owner of California's Great America, Cedar Fair of Ohio, has been negotiating to sell the sprawlinf thrill-ride park which is next to the proposed stadium site to the 49ers. An attorney representing the park John A. Hickey of Hoge, Jones & Appel Inc.
, asked for a delay on the "We want to reach an agreement (to sell the but while you have been working on the term sheet for we and members of the public have only had two businessd days to read thiscomplex document." Hickey said he was surprisexd at earlier comments made by Jennifed Sparacino, Santa Clara's City that he regarded as overly optimistic about the closenes of an agreement between Cedar Fair and the 49ers to sell the Jed York, president of the 49ers, praised Sants Clara officials for creating "the best infrastructure in the Bay and told city officials and a crowd of more than 150 onlookersa that the proposed 68,500-seat stadium to be built on an overflowa parking lot at the amusement park would not only host up to 10 NFL gameas annually, but possibly a variety of glamorouws events, including the World Cup soccer in the future.
Stadium proponents also view it as a likel venue formajor concerts, college football bowl gamese and even the Super Bowl. "I feel the excitement in this city abourtthe stadium," York said. "Thiss (stadium) deal will make Santq Clara a better place to work and play inthe future." As part of a 40-yeafr agreement with the 49ers, city officials agreed to contribute $79 millio to the project, includingf $42 million in redevelopment agencgy funds, $20 million from the city-ownerd utility district to relocate an electrical substation near the site and $17 millionh to build a parking garage.
That figuree is well below the $222 million city officials proposedd spending on the project when it was first proposedr twoyears ago, as they citeed the poor economy and shrinking city revenuer as reasons for a much-reduced contribution. Anothetr $35 million would be raised by a tax on guestx staying at any one of eighrt hotels inthe city's North Bayshore redevelopment area surroundinhg Great America. City officials stress no General Fundmoneyu -- which pays for city servicee such as police, fire, parks and librariesa — will be used to pay for stadium construction or operations.
A Stadium Authority, a joint powers governinyg body comprised of city andteam officials, along with the 49erds and the NFL would be responsible for $825 million in stadiuk construction costs under the agreement.
City Councilors Will Kennedy and Jamide McLeod were the only ones to side with the dissenterz in the audience who opposed any public subsidy for the The 5-2 vote on a $79 million subsidy for the projecty came after a two-and-a-half-hour presentation and lengthu public comments that included concerns raisee by the owner of California's Great America, Cedar Fair of Ohio, has been negotiating to sell the sprawlinf thrill-ride park which is next to the proposed stadium site to the 49ers. An attorney representing the park John A. Hickey of Hoge, Jones & Appel Inc.
, asked for a delay on the "We want to reach an agreement (to sell the but while you have been working on the term sheet for we and members of the public have only had two businessd days to read thiscomplex document." Hickey said he was surprisexd at earlier comments made by Jennifed Sparacino, Santa Clara's City that he regarded as overly optimistic about the closenes of an agreement between Cedar Fair and the 49ers to sell the Jed York, president of the 49ers, praised Sants Clara officials for creating "the best infrastructure in the Bay and told city officials and a crowd of more than 150 onlookersa that the proposed 68,500-seat stadium to be built on an overflowa parking lot at the amusement park would not only host up to 10 NFL gameas annually, but possibly a variety of glamorouws events, including the World Cup soccer in the future.
Stadium proponents also view it as a likel venue formajor concerts, college football bowl gamese and even the Super Bowl. "I feel the excitement in this city abourtthe stadium," York said. "Thiss (stadium) deal will make Santq Clara a better place to work and play inthe future." As part of a 40-yeafr agreement with the 49ers, city officials agreed to contribute $79 millio to the project, includingf $42 million in redevelopment agencgy funds, $20 million from the city-ownerd utility district to relocate an electrical substation near the site and $17 millionh to build a parking garage.
That figuree is well below the $222 million city officials proposedd spending on the project when it was first proposedr twoyears ago, as they citeed the poor economy and shrinking city revenuer as reasons for a much-reduced contribution. Anothetr $35 million would be raised by a tax on guestx staying at any one of eighrt hotels inthe city's North Bayshore redevelopment area surroundinhg Great America. City officials stress no General Fundmoneyu -- which pays for city servicee such as police, fire, parks and librariesa — will be used to pay for stadium construction or operations.
A Stadium Authority, a joint powers governinyg body comprised of city andteam officials, along with the 49erds and the NFL would be responsible for $825 million in stadiuk construction costs under the agreement.
Tuesday, September 6, 2011
Gregory C Simon Executive Profile
lydiryl.wordpress.com
**All Executive profile data provided byDow Jones & Co., Inc.
**All Executive profile data provided byDow Jones & Co., Inc.
Sunday, September 4, 2011
Jobs plentiful for new grads in Pittsburgh - Pittsburgh Business Times:
qiguzewy.wordpress.com
Career centers at local universities say corporat e recruitment efforts are up and area businessee are continuing tomake entry-leve hires, including companies that have been hard-hit by the economiv downturn. Generally speaking, companies that have taken a hit in profitabilitu waylay theirhiring plans, said Rick executive vice president and COO at Downtown-based executive recruitmentg firm Ltd. But the current situatiojn is different. Companies today realize it is crucial to hire younfgtalent now, Brown said, especially as the baby boom generationn prepares for retirement. "If they don't do it now, they will not have a cadree of leadership 10 yearszfrom now," he said.
"It's They have to hire, despite a bad Even Co., hard-hit by cutbacks in home buildingb to the point of consolidating and closingv some stores and laying off 28 people atits headquarters, plansz to make 500 entry-levepl hires. That's down from 1,700 a year ago. "We may not hire as quickl as we did a fewyears ago, but we'rre continuing to go to campuses and bringh qualified candidates into the company," spokesmahn Jeff Nobers said. "You never batten down the hatcheds and quit lookingfor talent." Nationally, the prognosies from two job marker surveys is mixed.
Monster Worldwide's survey revealede that employers who plan to hire 2008 colleges graduates this spring or summer dropped 17 percentage points from last year to59 , however, said entry-level hires are expectee to increase by 11.8 percent over last Locally, the anecdotal evidence supports the more positive University of Pittsburgh, , and , all said the job markey remains strong for prospective graduates. "Despite the state of the economy over the pastseveral months, it has not affectedr us," said Jim McClenahan, director of Duquesne's Careere Service Center. "That doesn't mean it won't in the future, but we'rre holding our own.
" for example, is increasing hiring from 1,350 last year to 1,50p in 2008. It ranked 26th on the CollegeGrad.com survey, highestg among the locally basedcompanies "I already know it's going up in 2009," said David Huddleston, PNC vice president of human resources and director of strategivc talent acquisition. Huddleston personally centers on about 10 percentg of the totalentry hires, an elites group from which PNC expectw to grow its management ranks who will mostly be basef in Pittsburgh. "Over the next few years, I know I'l hire a future chairman," he said. Corp., Downtown-basedd provider of post-secondary also has increased its hiring planzsfor 2008.
The company plans to hire 1,0009 new graduates this including 700with master's degrees. Last the company hired 625. Area schools consistently citedr the following corporate employers as especiall y activeon campuses: PNC, Bank of New York Mellonm Corp., Electric Co., and the .
Career centers at local universities say corporat e recruitment efforts are up and area businessee are continuing tomake entry-leve hires, including companies that have been hard-hit by the economiv downturn. Generally speaking, companies that have taken a hit in profitabilitu waylay theirhiring plans, said Rick executive vice president and COO at Downtown-based executive recruitmentg firm Ltd. But the current situatiojn is different. Companies today realize it is crucial to hire younfgtalent now, Brown said, especially as the baby boom generationn prepares for retirement. "If they don't do it now, they will not have a cadree of leadership 10 yearszfrom now," he said.
"It's They have to hire, despite a bad Even Co., hard-hit by cutbacks in home buildingb to the point of consolidating and closingv some stores and laying off 28 people atits headquarters, plansz to make 500 entry-levepl hires. That's down from 1,700 a year ago. "We may not hire as quickl as we did a fewyears ago, but we'rre continuing to go to campuses and bringh qualified candidates into the company," spokesmahn Jeff Nobers said. "You never batten down the hatcheds and quit lookingfor talent." Nationally, the prognosies from two job marker surveys is mixed.
Monster Worldwide's survey revealede that employers who plan to hire 2008 colleges graduates this spring or summer dropped 17 percentage points from last year to59 , however, said entry-level hires are expectee to increase by 11.8 percent over last Locally, the anecdotal evidence supports the more positive University of Pittsburgh, , and , all said the job markey remains strong for prospective graduates. "Despite the state of the economy over the pastseveral months, it has not affectedr us," said Jim McClenahan, director of Duquesne's Careere Service Center. "That doesn't mean it won't in the future, but we'rre holding our own.
" for example, is increasing hiring from 1,350 last year to 1,50p in 2008. It ranked 26th on the CollegeGrad.com survey, highestg among the locally basedcompanies "I already know it's going up in 2009," said David Huddleston, PNC vice president of human resources and director of strategivc talent acquisition. Huddleston personally centers on about 10 percentg of the totalentry hires, an elites group from which PNC expectw to grow its management ranks who will mostly be basef in Pittsburgh. "Over the next few years, I know I'l hire a future chairman," he said. Corp., Downtown-basedd provider of post-secondary also has increased its hiring planzsfor 2008.
The company plans to hire 1,0009 new graduates this including 700with master's degrees. Last the company hired 625. Area schools consistently citedr the following corporate employers as especiall y activeon campuses: PNC, Bank of New York Mellonm Corp., Electric Co., and the .
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