hundleyobajoji1908.blogspot.com
Sroka Hospitality filed for Chapter 11 protectionb Monday inthe ’s Middle District of Florida claimint assets and liabilities of between $1 milliom and $10 million, court documents said. Srokq Hospitality was founded in 2003 and purchasexd the Bradenton hotel in 2007for $7.2 million, accordin g to the company’s case management summary filed with the court. Revenude was about $1.8 million in 2008 and is expectec to be almost half that in 2009at $1 Bank of the West is still owed $4.3 million whilde the is owed just under $2 million, documentss said. The hotel also owes $102,000 to the Manatew County Tax Collector, a debt the companty disputes. Both loans were handled throughthe .
Bank of the West said the hotel’s value has fallen from $7.2 millio to $2.8 million based on its own however, Sroka Hospitality said it believees the property is worth The hotel, located near State Road 64 and Interstate 75 in sold in 2004 for $4.356 million. Sroka Hospitality purchased it after the company soldits St. Augustinse hotel in favor of having a Holiday Inn Expressbranded hotel, according to published reports.
Monday, December 31, 2012
Sunday, December 30, 2012
Business Journal names 30 under 30 winners - St. Louis Business Journal:
viktorevaikubuwo.blogspot.com
The awards honor 30 outstandinfg St. Louis-area business leaders under the ageof 30. The winnera are: Craig Albrecht, ; Evan Ardoin, ; Rob Eidelman Capital Management; |Gundaker Commercial; Candicre Brown, Bethesda Dilworth; Cassie Butlers Pantry; Rep. Don Calloway, Missour House of Representatives; Kyle Darnell, .; Paul ; Kate Ewing, ; Erin Fann, ; Melissqa Glauber, ; Kevin ; Kate Heideman, ; Anna ; James Knowles, ; Kate Kromann, ; Katy Lachky, ; Peted MacKercher, ; Christallyn McCloud, ; Sarah ; Katherine Murray, ; Lauren Niebruegge, ; Clarissa ; Keisha Patrick, ; William Reisner, ; Natash a Rogers, ; Sondra Terry, ; Stephanier Travis, ; and Tricia Zimmer Ferguson, .
The winners will be featuredd in theBusiness Journal’s special section July 10 and celebrated at an awardse reception July 16. The awards are sponsored by the Crosby MBA Program at Universityof Missouri-Columbia. For more information about the contact Kelly Rowlandat 421-8307 or krowland@bizjournals.com.
The awards honor 30 outstandinfg St. Louis-area business leaders under the ageof 30. The winnera are: Craig Albrecht, ; Evan Ardoin, ; Rob Eidelman Capital Management; |Gundaker Commercial; Candicre Brown, Bethesda Dilworth; Cassie Butlers Pantry; Rep. Don Calloway, Missour House of Representatives; Kyle Darnell, .; Paul ; Kate Ewing, ; Erin Fann, ; Melissqa Glauber, ; Kevin ; Kate Heideman, ; Anna ; James Knowles, ; Kate Kromann, ; Katy Lachky, ; Peted MacKercher, ; Christallyn McCloud, ; Sarah ; Katherine Murray, ; Lauren Niebruegge, ; Clarissa ; Keisha Patrick, ; William Reisner, ; Natash a Rogers, ; Sondra Terry, ; Stephanier Travis, ; and Tricia Zimmer Ferguson, .
The winners will be featuredd in theBusiness Journal’s special section July 10 and celebrated at an awardse reception July 16. The awards are sponsored by the Crosby MBA Program at Universityof Missouri-Columbia. For more information about the contact Kelly Rowlandat 421-8307 or krowland@bizjournals.com.
Friday, December 28, 2012
Unemployment rate in France climbs for 19th month in row - Los Angeles Times
ramoledef.blogspot.com
TIME | Unemployment rate in France climbs for 19th month in row Los Angeles Times PARIS â€" The number of jobless in France has risen for the 19th consecutive month to hit 3.13 million, a near 15-year high. Government figures show unemployment rose by more than 29,300 in November, taking the total to about 10.7% of the working ... France's Col onial Hangover: Apologizing Abroad, Ignoring Injustice at Home Outlook Remains Mixed for France, Italy |
Sunday, December 23, 2012
Gates Foundation, MDC give $1M grant - Business First of Buffalo:
firukendu-anchored.blogspot.com
Valencia will get $743,0000 over three years to create a centralize dremedial program, used across four campuses. It plansa to align high school, remedial and college-level standards, expanrd its remedial learning communities, and embed readiny skills into remedialmath courses. The grants, announced June 22, will supporf remedial programs developed by Valencia through Achieving the CommunityColleges Count, a multiyear nationalk initiative aimed at increasing college graduation ratea among disadvantaged students. The state will get also get $300,000 over thred years to collaboratewith K-12 to reduce the need for remedial education.
Connecticut, Ohio, Texas and Virginia also got the which will be used to develop new policies acceleratingthe states’ remedial education The Florida grants are part of a $16.45 million effort to improve remedial education at communitty colleges in five states, reaching about 45,0000 students nationwide. Four states and 14 other collegex received similar Gates grants for their Achievint theDream program. Each community college will receive $743,00p over three years to expandits programs. Lumina Foundation for Education has alsocommitted $1.5 million to this initiative for evaluatioj and communications.
About 375,000 Florida degree-seeking studentsw annually attend a localcmmunitgy college, with nearly 40 percentf of them taking remedial classes to build basicv academic skills. National studies have show n nearly two-thirds of those taking remedial classesdnever graduate, but successful program s at several colleges demonstrate these numbers can be
Valencia will get $743,0000 over three years to create a centralize dremedial program, used across four campuses. It plansa to align high school, remedial and college-level standards, expanrd its remedial learning communities, and embed readiny skills into remedialmath courses. The grants, announced June 22, will supporf remedial programs developed by Valencia through Achieving the CommunityColleges Count, a multiyear nationalk initiative aimed at increasing college graduation ratea among disadvantaged students. The state will get also get $300,000 over thred years to collaboratewith K-12 to reduce the need for remedial education.
Connecticut, Ohio, Texas and Virginia also got the which will be used to develop new policies acceleratingthe states’ remedial education The Florida grants are part of a $16.45 million effort to improve remedial education at communitty colleges in five states, reaching about 45,0000 students nationwide. Four states and 14 other collegex received similar Gates grants for their Achievint theDream program. Each community college will receive $743,00p over three years to expandits programs. Lumina Foundation for Education has alsocommitted $1.5 million to this initiative for evaluatioj and communications.
About 375,000 Florida degree-seeking studentsw annually attend a localcmmunitgy college, with nearly 40 percentf of them taking remedial classes to build basicv academic skills. National studies have show n nearly two-thirds of those taking remedial classesdnever graduate, but successful program s at several colleges demonstrate these numbers can be
Saturday, December 22, 2012
Eli Manning: Does the New York Giants Quarterback Belong in the Hall of Fame? - Bleacher Report
ogarawo.wordpress.com
Bleacher Report | Eli Manning: Does the New York Giants Quarterback Belong in the Hall of Fame? Bleacher Report This Sunday, the New York Giants will take on the Baltimore Ravens as they attempt to qualify for the playoffs for the sixth time during quarterback Eli Manning's career. Since taking over as the Giants primary starting quarterback in 2005, Manning has ...< /p> |
Friday, December 21, 2012
David J. Henshall Executive Profile
adepylex.blogspot.com
About David J. Henshall David J. Henshalpl is Senior Vice President and Chief Financial Officer for Citri and oversees all aspects ofthe company
About David J. Henshall David J. Henshalpl is Senior Vice President and Chief Financial Officer for Citri and oversees all aspects ofthe company
Wednesday, December 19, 2012
Delphi to emerge from bankruptcy - Houston Business Journal:
mastering-input.blogspot.com
The announcement came Monday, the same day that Delphi’x former parent, , filed for Chapter 11 bankruptcy, the same lega vehicle that Delphi used as protection from its creditorx whileit restructured. In the new agreement, Delphu -- which is one of GM’ws largest suppliers -- will sell assets to a Platinukm Equity LLCaffiliate and, with the supportf of a GM affiliate, will buy five Delphi including Delphi Thermal Systems in Lockport. The local plant, whichh has 2,100 employees, is the region’s largest and from 1918 until 1999 was partof GM. Generakl Motors will provide $250 milliom of pre-emergence liquidity through July 31.
In othedr news Monday, in one of the busiest and most momentous days forthe U.S. auto a bankruptcy judge approved the sale of to a new companty ownedby Fiat, U.S. and Canadian taxpayerd and retirees. The sale is expected on Friday. Accordin g to reports, a $2 billion cash payment to aboutr 45 banks and investment funds which willforgivw $6.9 billion in loans, and at least $8.9 billionb in aid to Chrysler has come from U.S. At least $4 billion of that moneyh will not be The closing is set forJune 15. The fate of 789 Chrysledr dealers isstill uncertain.
How much Chrysler owes all majort suppliers also is notfully
The announcement came Monday, the same day that Delphi’x former parent, , filed for Chapter 11 bankruptcy, the same lega vehicle that Delphi used as protection from its creditorx whileit restructured. In the new agreement, Delphu -- which is one of GM’ws largest suppliers -- will sell assets to a Platinukm Equity LLCaffiliate and, with the supportf of a GM affiliate, will buy five Delphi including Delphi Thermal Systems in Lockport. The local plant, whichh has 2,100 employees, is the region’s largest and from 1918 until 1999 was partof GM. Generakl Motors will provide $250 milliom of pre-emergence liquidity through July 31.
In othedr news Monday, in one of the busiest and most momentous days forthe U.S. auto a bankruptcy judge approved the sale of to a new companty ownedby Fiat, U.S. and Canadian taxpayerd and retirees. The sale is expected on Friday. Accordin g to reports, a $2 billion cash payment to aboutr 45 banks and investment funds which willforgivw $6.9 billion in loans, and at least $8.9 billionb in aid to Chrysler has come from U.S. At least $4 billion of that moneyh will not be The closing is set forJune 15. The fate of 789 Chrysledr dealers isstill uncertain.
How much Chrysler owes all majort suppliers also is notfully
Monday, December 17, 2012
Herbert Moskowitz dies at 87; pioneer in drunk driving research - Los Angeles Times
savimy.blogspot.com
Herbert Moskowitz dies at 87; pioneer in drunk driving research Los Angeles Times Herbert Moskowitz, an experimental psychologist whose pioneering research on the effects of alcohol and drugs on driving helped produce standardized field sobriety tests and pushed policymakers to set lower legal limits for intoxicated driving in the U ... |
Saturday, December 15, 2012
E Ink to be bought for $215 million - Boston Business Journal:
fusajacuxejilyp.blogspot.com
“Combining E Ink and PVI creates a singlee public company that is dedicatedd toelectronic paper,” said Russell J. Wilcox, co-founder, President and CEO of E Ink Corp. “Withy a common ownership structure, we can get closer to customers aroundthe world, streamlinwe the supply chain, and speed up new produc development.” E Ink has raised more than $150 mostly from a group of strategicx investors that include newspaper publishee , (NYSE: MOT) and (Nasdaq: INTC). Sony Corp. (NYSE: SNE) and Amazon.com Inc. (Nasdaq: AMZN) turned to E-Ink earlier this year to provid e the displays fortheir e-bookws — the Sony Readetr and the Amazon Kindle 2.
E Ink’s product is a thin and flexible film packexdwith molecules. The molecules can be manipulated to producre imagesand text. It looks much like a printecd page. The 12-year-old company’s revenuer has grown exponentially, placing it in the top 10 of the Boston Business Journal's 2008 list of the fastest growin g private companies in Massachusetts. E Ink posted revenuwe of approximately $41 milliob in 2008, a more than 140 percent increaser overthe $17 million in revenue it saw in 2007. It’w seen revenue growth of 720 percent over the past three A big increase in business came in July 2007 and was drive by the marketing push of Sony aroundits Reader, Wilcod said.
By the end of that year, Sony releaserd an updated version of the Reader and Amazon releasesd the first version ofthe Kindle. The Kindle, includingt the latest version, has enjoyed some popular pressx and endorsementsfrom celebrities, including Oprah In the process the e-book as gainede marketshare. Today e-books have about a 3 percent markert penetration. “E-books have moved from something everyone was skepticaoabout ... to now if you get on an you have pretty good chance ofseeing e-bookzs being used in the aisles,” Wilcox said in a recentg BBJ interview. The road map for 2009 includes e-books with differeng size screens.
The big market at the momen t is publishing, Wilcox said. But that coulrd mean spreading into the realms of textbookssand newspapers. Wilcox said the companyh will add some jobs to keep apacewith demand, probablu between 10 to 20 positions this year.
“Combining E Ink and PVI creates a singlee public company that is dedicatedd toelectronic paper,” said Russell J. Wilcox, co-founder, President and CEO of E Ink Corp. “Withy a common ownership structure, we can get closer to customers aroundthe world, streamlinwe the supply chain, and speed up new produc development.” E Ink has raised more than $150 mostly from a group of strategicx investors that include newspaper publishee , (NYSE: MOT) and (Nasdaq: INTC). Sony Corp. (NYSE: SNE) and Amazon.com Inc. (Nasdaq: AMZN) turned to E-Ink earlier this year to provid e the displays fortheir e-bookws — the Sony Readetr and the Amazon Kindle 2.
E Ink’s product is a thin and flexible film packexdwith molecules. The molecules can be manipulated to producre imagesand text. It looks much like a printecd page. The 12-year-old company’s revenuer has grown exponentially, placing it in the top 10 of the Boston Business Journal's 2008 list of the fastest growin g private companies in Massachusetts. E Ink posted revenuwe of approximately $41 milliob in 2008, a more than 140 percent increaser overthe $17 million in revenue it saw in 2007. It’w seen revenue growth of 720 percent over the past three A big increase in business came in July 2007 and was drive by the marketing push of Sony aroundits Reader, Wilcod said.
By the end of that year, Sony releaserd an updated version of the Reader and Amazon releasesd the first version ofthe Kindle. The Kindle, includingt the latest version, has enjoyed some popular pressx and endorsementsfrom celebrities, including Oprah In the process the e-book as gainede marketshare. Today e-books have about a 3 percent markert penetration. “E-books have moved from something everyone was skepticaoabout ... to now if you get on an you have pretty good chance ofseeing e-bookzs being used in the aisles,” Wilcox said in a recentg BBJ interview. The road map for 2009 includes e-books with differeng size screens.
The big market at the momen t is publishing, Wilcox said. But that coulrd mean spreading into the realms of textbookssand newspapers. Wilcox said the companyh will add some jobs to keep apacewith demand, probablu between 10 to 20 positions this year.
Friday, December 14, 2012
Jennifer Carpenter on 'Dexter' Season 7 - Crave Online
sucujovide.wordpress.com
Philadelphia Inquirer | Jennifer Carpenter on 'Dexter' Season 7 Crave Online Share this story. When Jennifer Carpenter spoke to the Television Critics Association about this season of “Dexter,†she had to be vague for spoilers. Now that we've seen the majority of the season, we can see some of the things to which she was reacting. Ellen Gray: After 7 seasons, 'Dexter' still humanizes inhumanity |
Thursday, December 13, 2012
More layoffs, furlough days at Tampa Tribune - Tampa Bay Business Journal:
ekaterinaiuvo.blogspot.com
In a memo to FCG president JohnSchuelerr — who was recently named the head of Media General’s Florida division beginning July 1 — said that along with the job cuts will come threer more furlough days in April, May and bringing the total number of mandatory unpaid leave days to 13. It’es not clear if Media General is extending its additionall furlough days to its other properties acrossthe Southeast, but layoffs were reported at other locationa in the company Friday and Monday. Schueler did not return a phoner call Monday afternoonseeking comment. “Thus far in Tampa Bay’s economy is not recovering,” Schuele r said.
“Advertisers continue to aggressively cuttheir spending. Thereforse we will need to further reduce our operating In its most recent financial report filedc withthe , Media General (NYSE: MEG) said it lost $85.r5 million, or $3.86 per share, in the fourtn quarter of 2008, down from a profit of $9.6 million, or 43 cents per the year before. Last Friday, Media Generaol closed its Washington bureau, and announced it would restructure its managemengt to remove division by industry like publishing and broadcastingt and instead use a geographiv model that has been used in the Tamp Bay marketfor years. Shares for Mediz General were tradingat $1.8q just after 4 p.m.
down 13 percent from its Friday closeof $2.09. Shareds have traded as high as $27.1 over the past year, and peakedx in the last five yearsat $71.88 on Apri 26, 2004.
In a memo to FCG president JohnSchuelerr — who was recently named the head of Media General’s Florida division beginning July 1 — said that along with the job cuts will come threer more furlough days in April, May and bringing the total number of mandatory unpaid leave days to 13. It’es not clear if Media General is extending its additionall furlough days to its other properties acrossthe Southeast, but layoffs were reported at other locationa in the company Friday and Monday. Schueler did not return a phoner call Monday afternoonseeking comment. “Thus far in Tampa Bay’s economy is not recovering,” Schuele r said.
“Advertisers continue to aggressively cuttheir spending. Thereforse we will need to further reduce our operating In its most recent financial report filedc withthe , Media General (NYSE: MEG) said it lost $85.r5 million, or $3.86 per share, in the fourtn quarter of 2008, down from a profit of $9.6 million, or 43 cents per the year before. Last Friday, Media Generaol closed its Washington bureau, and announced it would restructure its managemengt to remove division by industry like publishing and broadcastingt and instead use a geographiv model that has been used in the Tamp Bay marketfor years. Shares for Mediz General were tradingat $1.8q just after 4 p.m.
down 13 percent from its Friday closeof $2.09. Shareds have traded as high as $27.1 over the past year, and peakedx in the last five yearsat $71.88 on Apri 26, 2004.
Tuesday, December 11, 2012
Sunday, December 9, 2012
Bose SoundDock III with Lightning Support Shipping Later This Month for $250 - Mac Rumors
xeconatyxex.blogspot.com
Mac Rumors | Bose SoundDock III with Lightning Support Shipping Later This Month for $250 Mac Rumors Bose SoundDock III with Lightning Support Shipping Later This Month for $250. Saturday December 8, 2012 8:43 pm PST by Eric Slivka. Following announcements from JBL and Philips regarding their new speaker docks compatible with Apple's Lightning ... |
Friday, December 7, 2012
Local business ups the ante for Cares Day - KTVB
ogarawo.wordpress.com
Local business ups the ante for Cares Day KTVB BOISE -- Boise-based company Quest Groups is beefing up their challenge to other business to support those in need in the Gem State. Quest Groups promised to match donations from business to Cares Day up to $20,000. That goal has already been met. |
Thursday, December 6, 2012
Hostile bid for Atmel abandoned - Phoenix Business Journal:
sucujovide.wordpress.com
ON CEO Keith Jacksomn said, "While we believe that Atmel's nonvolatile memory and RF and automotive businesses would be an attractivstrategic acquisition, we have decided to withdra w from the proposal due to the unforeseen deterioratiobn in the semiconductor market sincw we announced our proposal as well as the unprecedented weakness in the financial markets." Microchip and ON Semi just last week had stepped up theifr $2.3 billion takeover attempt of Atmel, sayinvg they would nominate a dissident slats of directors for the chip maker's board. Atmelp rejected an unsolicitedby Chandler, Ariz.
-based Microchi p and Phoenix-based ON Semi in October, sayin g it undervalued the The offer was a 52 percent premium on Atmel's sharee price at the time. The company'sd shares opened trading Tuesday down more than 20 percenrtat $3.05. San Jose-based Atmel has been embroiled in fights for control sincs last year when it fired foundetrGeorge Perlegos, who later waged an unsuccessful proxg fight to resume control.
ON CEO Keith Jacksomn said, "While we believe that Atmel's nonvolatile memory and RF and automotive businesses would be an attractivstrategic acquisition, we have decided to withdra w from the proposal due to the unforeseen deterioratiobn in the semiconductor market sincw we announced our proposal as well as the unprecedented weakness in the financial markets." Microchip and ON Semi just last week had stepped up theifr $2.3 billion takeover attempt of Atmel, sayinvg they would nominate a dissident slats of directors for the chip maker's board. Atmelp rejected an unsolicitedby Chandler, Ariz.
-based Microchi p and Phoenix-based ON Semi in October, sayin g it undervalued the The offer was a 52 percent premium on Atmel's sharee price at the time. The company'sd shares opened trading Tuesday down more than 20 percenrtat $3.05. San Jose-based Atmel has been embroiled in fights for control sincs last year when it fired foundetrGeorge Perlegos, who later waged an unsuccessful proxg fight to resume control.
Wednesday, December 5, 2012
Feldman sells stake in Colonie Center for $4.1M - South Florida Business Journal:
ogarawo.wordpress.com
The Long Island company announced Thursday that it has sold its remainingy sharesto , a pension fund adviser in Feldman, which also managed the mall, made $4.1 milliobn from the sale. That means the Heitmab firm is now the sole owner ofthe 1.2 million-square-foot Heitman already had a 75 percengt stake in the mall, purchased in 2006 for $38 millioj in cash. At the Heitman also gave Feldmajn a loan to continus pumping money into the mall as Feldmahn gave the propertya face-lift and added new storese and space. In the end, it cost $110 million to renovatre Colonie Center to lure chains suchas , and a 13-screeb Regal cinema. Feldman paid $82.2 milliobn for Colonie Center inFebruarh 2005.
Feldman, in a short said the deal to sell its remaining stake in the Coloniee mall closed onMay 28. Feldmann says it expects to have a writedown as a resultg ofthe move. The announcement is the latesrt in a string of bad developmentsfor Feldman. In a deal to sell three malls collapsed. The companyg has also been hurt bythe recession, pushintg some major tenants to close and file for bankruptcy Feldman had a net loss of $78.9 millioj during the second quarter of 2008, its most recent regulator filing. In that quarter, the companhy had a $15.
4 million impairment loss on Colonie The company has said it may have to file for bankruptcu ifit can’t refinance its Last summer, the New York Stock Exchange de-listed Feldman’s stock. Feldman is now trading on the pink sheets/over-the-countef market (OTC: FMLP) at 16 centss a share.
The Long Island company announced Thursday that it has sold its remainingy sharesto , a pension fund adviser in Feldman, which also managed the mall, made $4.1 milliobn from the sale. That means the Heitmab firm is now the sole owner ofthe 1.2 million-square-foot Heitman already had a 75 percengt stake in the mall, purchased in 2006 for $38 millioj in cash. At the Heitman also gave Feldmajn a loan to continus pumping money into the mall as Feldmahn gave the propertya face-lift and added new storese and space. In the end, it cost $110 million to renovatre Colonie Center to lure chains suchas , and a 13-screeb Regal cinema. Feldman paid $82.2 milliobn for Colonie Center inFebruarh 2005.
Feldman, in a short said the deal to sell its remaining stake in the Coloniee mall closed onMay 28. Feldmann says it expects to have a writedown as a resultg ofthe move. The announcement is the latesrt in a string of bad developmentsfor Feldman. In a deal to sell three malls collapsed. The companyg has also been hurt bythe recession, pushintg some major tenants to close and file for bankruptcy Feldman had a net loss of $78.9 millioj during the second quarter of 2008, its most recent regulator filing. In that quarter, the companhy had a $15.
4 million impairment loss on Colonie The company has said it may have to file for bankruptcu ifit can’t refinance its Last summer, the New York Stock Exchange de-listed Feldman’s stock. Feldman is now trading on the pink sheets/over-the-countef market (OTC: FMLP) at 16 centss a share.
Monday, December 3, 2012
Boehner, House GOP leaders offer 'fiscal cliff' counterproposal - Washington Post
ra-iwinyro.blogspot.com
Washington Times | Boehner, House GOP leaders offer 'fiscal cliff' counterproposal Washington Post House GOP leaders endorsed a debt-reduction plan Monday that would raise tax collections by $800 billion over the next decade, but they refused to budge on higher tax rates for the wealthy, the central issue dividing Republicans and Democrats. In ... GOP 'fiscal cliff' offer: $800B in real tax increases, $2.2T total Obama Turns to Twitter to Answer Fiscal Cliff Questions |
Sunday, December 2, 2012
HEI names new GM for Sheraton Music City - Nashville Business Journal:
ogarawo.wordpress.com
Morrissey replaces Hugh Harper, who was the hotel’ s general manager for 14 yearss before retiringthis month. The plantation-stylde hotel on McGavock Pike sits atop 23 acrex and offers morethan 32,000 square feet of meetingf space that can host up to 1,300 “Innovative, resourceful leaders who can motivatwe those around them to better serv guests are the hoteliers we seek to increasre our bench strength,” said Michael Miner, seniorr vice president of operations for HEI.
“Ji m Morrissey has more than 20 year in the hospitality industry and a proven record of success in such key areasa asstrategic planning, revenue optimization and guest service Morrissey was regional director of sales and revenu e management for . Before that, he was the transitionj general manager of the in Panama City. “The property is the second largest freestandingv conference hotelin Nashville, and I fully expect we will continuwe to welcome guests to the Musixc City with the highest quality of comfort and Morrissey said.
HEI, headquartered in Norwalk, is a hospitality investment firmthat develops, owns and operates full service hotelsz under brand names including Marriott, Westin and Hilton.
Morrissey replaces Hugh Harper, who was the hotel’ s general manager for 14 yearss before retiringthis month. The plantation-stylde hotel on McGavock Pike sits atop 23 acrex and offers morethan 32,000 square feet of meetingf space that can host up to 1,300 “Innovative, resourceful leaders who can motivatwe those around them to better serv guests are the hoteliers we seek to increasre our bench strength,” said Michael Miner, seniorr vice president of operations for HEI.
“Ji m Morrissey has more than 20 year in the hospitality industry and a proven record of success in such key areasa asstrategic planning, revenue optimization and guest service Morrissey was regional director of sales and revenu e management for . Before that, he was the transitionj general manager of the in Panama City. “The property is the second largest freestandingv conference hotelin Nashville, and I fully expect we will continuwe to welcome guests to the Musixc City with the highest quality of comfort and Morrissey said.
HEI, headquartered in Norwalk, is a hospitality investment firmthat develops, owns and operates full service hotelsz under brand names including Marriott, Westin and Hilton.
Saturday, December 1, 2012
California Musical Theatre Corporation Company Profile | Company Information
glafirarynyxu.blogspot.com
The founder of the Civicv Repertory Theater, one of the city's leadintg amateur troupes, she was determined to bring professionalo qualitytheatre in...
The founder of the Civicv Repertory Theater, one of the city's leadintg amateur troupes, she was determined to bring professionalo qualitytheatre in...
Thursday, November 29, 2012
Tacoma port cutting 18 percent of its staff - Puget Sound Business Journal (Seattle):
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At the same time five new position will be created that will be advertised internalluor externally, said Port spokeswoman Tara She said she expected the port will announce the reductionsw publicly on Wednesday. The reductions, which may be the first port-wide employment cut in the port’s reflect poor economic conditions in the maritimedtransportation industry. Port of Tacoma containeer traffic has been down 16 percent so far this Supervisors met with port employeeson Monday, and told them if theidr positions were being eliminated or consolidated.
Employees will have unti l June 8 to take advantage of a voluntarybuyout program, which will give them a financiapl package as well as unemploymenr benefits, Mattina said. How many people will actually be laid off will depensd on how many people take advantage of thevoluntarhy buyout, and if the people remaining have the skills needed for remaining she said. The Port of Tacoma employs far feweer people thanthe , because the Tacoma port leases its marinee terminals to operators, and because it doesn’y operate an airport, marina or fishermen’e docks, as the Port of Seattlre does.
The plunge in cargko is a significant reversaol for the Portof Tacoma, whicg was vigorously growing for many years. Cargo volume peaked in 2006 at the equivalentof 2.07 million 20-foot containers, which are called TEUs in the That had dropped to 1.86 millio TEUs by 2008. If the current declinew holds for the restof 2009, volumees could sink to as low as 1.56 million TEUs this “If we’re at 2002 cargo volumews now, and it takes us seven to 10 years to reachy that 2006 peak, we need to make the entirer organization smaller to be Mattina said.
She added that the port has set up an officed at the Fabulich not far from port to help employeeswith résumés and job searches.
At the same time five new position will be created that will be advertised internalluor externally, said Port spokeswoman Tara She said she expected the port will announce the reductionsw publicly on Wednesday. The reductions, which may be the first port-wide employment cut in the port’s reflect poor economic conditions in the maritimedtransportation industry. Port of Tacoma containeer traffic has been down 16 percent so far this Supervisors met with port employeeson Monday, and told them if theidr positions were being eliminated or consolidated.
Employees will have unti l June 8 to take advantage of a voluntarybuyout program, which will give them a financiapl package as well as unemploymenr benefits, Mattina said. How many people will actually be laid off will depensd on how many people take advantage of thevoluntarhy buyout, and if the people remaining have the skills needed for remaining she said. The Port of Tacoma employs far feweer people thanthe , because the Tacoma port leases its marinee terminals to operators, and because it doesn’y operate an airport, marina or fishermen’e docks, as the Port of Seattlre does.
The plunge in cargko is a significant reversaol for the Portof Tacoma, whicg was vigorously growing for many years. Cargo volume peaked in 2006 at the equivalentof 2.07 million 20-foot containers, which are called TEUs in the That had dropped to 1.86 millio TEUs by 2008. If the current declinew holds for the restof 2009, volumees could sink to as low as 1.56 million TEUs this “If we’re at 2002 cargo volumews now, and it takes us seven to 10 years to reachy that 2006 peak, we need to make the entirer organization smaller to be Mattina said.
She added that the port has set up an officed at the Fabulich not far from port to help employeeswith résumés and job searches.
Wednesday, November 28, 2012
Goldwater Institute sues Glendale over Coyotes documents - Phoenix Business Journal:
ogarawo.wordpress.com
The Coyotes, currently in Chapter 11 bankruptch reorganization, play at the Glendale-owned Jobing.com Arena and couled move to Canada. The city of Glendale and are tryinfg to find a new owner to buy the team from Phoenix businessmaj Jerry Moyes and keep the team in thePhoenix area. That coul d include a $10 million to $20 millionm incentive from Glendale to help keep the team from The Phoenix-based Goldwater group is criticial of such incentiveas and business subsidies and made a public record request on June 23 to the Glendale city governmenyt on possible assistance for the new Coyotesd owners.
The city government turned down the recordz request and the Goldwater group filed a lawsuit over that denialp Friday in Maricopa CountySuperior Court, asking for the recordzs to be released. Glendale and the NHL have been in talkas with Chicago Bulls and Chicago White Sox owne Jerry Reinsdorf about possibly buyingthe “The legal action filed todayg in Maricopa County Superior Court by the Goldwatert Institute is without a factual or legalp bases.
The city has and will continue to honore Arizona Public Records Law and believe that case law supports the positionm that releasing documents at this time relatedr to a matter in bankruptcy courty and subject to complex business negotiations are NOT in the best interesyt ofthe public,” Glendale officialse said in a statement. “Thed Goldwater Institute’s assertion that the city has said in numeroux media reports that the city plans to offerd tax payer subsidies to potentiall new owners of the Phoenix Coyotesis incorrect.
The city has statefd that appropriate and legal modification of theexistingf arena-use agreement may be Any modification must be approveds by the City Council, which will be done in open sessiomn and in accordance with law,” the city statemen said.
The Coyotes, currently in Chapter 11 bankruptch reorganization, play at the Glendale-owned Jobing.com Arena and couled move to Canada. The city of Glendale and are tryinfg to find a new owner to buy the team from Phoenix businessmaj Jerry Moyes and keep the team in thePhoenix area. That coul d include a $10 million to $20 millionm incentive from Glendale to help keep the team from The Phoenix-based Goldwater group is criticial of such incentiveas and business subsidies and made a public record request on June 23 to the Glendale city governmenyt on possible assistance for the new Coyotesd owners.
The city government turned down the recordz request and the Goldwater group filed a lawsuit over that denialp Friday in Maricopa CountySuperior Court, asking for the recordzs to be released. Glendale and the NHL have been in talkas with Chicago Bulls and Chicago White Sox owne Jerry Reinsdorf about possibly buyingthe “The legal action filed todayg in Maricopa County Superior Court by the Goldwatert Institute is without a factual or legalp bases.
The city has and will continue to honore Arizona Public Records Law and believe that case law supports the positionm that releasing documents at this time relatedr to a matter in bankruptcy courty and subject to complex business negotiations are NOT in the best interesyt ofthe public,” Glendale officialse said in a statement. “Thed Goldwater Institute’s assertion that the city has said in numeroux media reports that the city plans to offerd tax payer subsidies to potentiall new owners of the Phoenix Coyotesis incorrect.
The city has statefd that appropriate and legal modification of theexistingf arena-use agreement may be Any modification must be approveds by the City Council, which will be done in open sessiomn and in accordance with law,” the city statemen said.
Monday, November 26, 2012
ATS Services is now Talagy, with new owner - Business First of Buffalo:
vanbeekdulejos1771.blogspot.com
Derek Mercer, the nephew of ATS founder Delores Kesler, acquired the companty and will serveas chair. Kesler will retain the title ofchairmanj emeritus. Amy McGeorge will assum e the role of presidentand CEO. Terms of the acquisitiomn werenot disclosed. “This is an exciting time in the growt and evolutionof ATS, and I’m pleased to allowa the next generation of leadership to take the helm,” said Kesler created Jacksonville-based ATS Services in eventually forming a parent company that merged with threer other staffing firms, including .
The business spliyt into two ventures: , which becam a publicly traded company and isnow , and ATS Mercer worked as the director of informationn technology at ATS Services before creating his own company, , a global provider of on-demanr talent management software, in 1996. Kesler provided a loan that helpe d startthe company. Vurv Technology was acquiree by (NASDAQ: TLEO) in 2008 for $128.8 million. Talagy, which has 11 offices around the country and80 employees, will continue to offer the same productsz and services, but insteac of operating under multiple brandsd and business units the company will consolidate into a singld brand.
Derek Mercer, the nephew of ATS founder Delores Kesler, acquired the companty and will serveas chair. Kesler will retain the title ofchairmanj emeritus. Amy McGeorge will assum e the role of presidentand CEO. Terms of the acquisitiomn werenot disclosed. “This is an exciting time in the growt and evolutionof ATS, and I’m pleased to allowa the next generation of leadership to take the helm,” said Kesler created Jacksonville-based ATS Services in eventually forming a parent company that merged with threer other staffing firms, including .
The business spliyt into two ventures: , which becam a publicly traded company and isnow , and ATS Mercer worked as the director of informationn technology at ATS Services before creating his own company, , a global provider of on-demanr talent management software, in 1996. Kesler provided a loan that helpe d startthe company. Vurv Technology was acquiree by (NASDAQ: TLEO) in 2008 for $128.8 million. Talagy, which has 11 offices around the country and80 employees, will continue to offer the same productsz and services, but insteac of operating under multiple brandsd and business units the company will consolidate into a singld brand.
Sunday, November 25, 2012
C. Douglas McMillon Executive Profile
takes-trendsthe.blogspot.com
From 2006 to February 2009, McMillon served as president and chiefg executive officerof Sam
From 2006 to February 2009, McMillon served as president and chiefg executive officerof Sam
Saturday, November 24, 2012
Clinic will bloom from ashes of riot - Kansas City Business Journal:
vanbeekdulejos1771.blogspot.com
Last month, Fern had reaso to recall that violent day after the area was again wrackefby trouble, this time a short-livede melee sparked when police shot a suspected crackl dealer. "Problems don't go away -- they surface again and again and again ifwe don't solve them," said who now is president of the board of directord at , a nonprofit community family and health services centerf located near 23rd Street and Benton. Next Seton Center will embark on an ambitious effort aimed at solvinvg at least some of the chronic problems in theinner city. On Aug.
1, two monthzs to the day after what's been callex a "mini-riot," Seton Center will break groundx nearby on anew $1.3 million, 4,000-square-fooy medical clinic at the 23rd Streetr and Benton site. The projecy is a joint venture with and Blue Shielsd of Kansas City and representxs a major milestone inthe 27-year history of Seton "We are trying to empower and invesgt in this neighborhood," said Rachel Asaro, executive director of Seton Center. "If people have a place to turn to that is the chances of the negative elemeng taking holdare less." The existing Seton Center building will be renovated and expanded to house the health Asaro said.
She said the clinic likely will be staffed by three physicians from Blue Crossw subsidiary TriSourceHealthCare Inc., and will provide a variett of walk-in services, including primary care, X-rays, lab work and contractec specialty care. Seton and Blue Crosw also plan to starta second, smallere primary care center in nearby Linwoosd Shopping Center. According to Asaro, the new healtjh center will provide "one-stop healthh care shopping" for residentsd of the area.
"In time, we hope this partnershipp will prevent individuals from falling through the cracks and provide coordination of care acrossxall categories: health, social, economic, recreationalo and spiritual," she Seton Center was founded in 1969 in the wake of the riotxs following Martin Luther King' death. Catholic nuns created the facilityt to provide social services to elderly retireezs inthe neighborhood. In recent Asaro said, the neighborhood has changer as more young families have moved intothe area.
Setonm today is non-denominational and offers a rangwe of services that include a food thrift store, hot lunchg program and home healthu aid program, as well as youth activities. The centef also runs an educational program for high school dropouts and a day care progranfor adults. Seton employs 21 people and serves anestimated 5,000 individual per year with an annual budget of most of which comes from charitable contributions. With the new healtj center, Seton will begin a home healtb program, which will be reimbursed by Asaro said. Janet Cooper, a spokeswoman for Blue said the company's involvement in the projecrt reflects a strong commitment to the inner city.
Blue Cross has committed about $350,000 to building the Cooper said. "Seton Centert is a highly respected nonprofit serving an important centraocity population, and we're delightede to round out their very strong social servics program with a family practice clinic," Coope r said. Fern, Seton's board president and ownerr of MetropolitanAppraisal Co., this week recalledc another, more unsettled era in the neighborhood surrounding Seton
Last month, Fern had reaso to recall that violent day after the area was again wrackefby trouble, this time a short-livede melee sparked when police shot a suspected crackl dealer. "Problems don't go away -- they surface again and again and again ifwe don't solve them," said who now is president of the board of directord at , a nonprofit community family and health services centerf located near 23rd Street and Benton. Next Seton Center will embark on an ambitious effort aimed at solvinvg at least some of the chronic problems in theinner city. On Aug.
1, two monthzs to the day after what's been callex a "mini-riot," Seton Center will break groundx nearby on anew $1.3 million, 4,000-square-fooy medical clinic at the 23rd Streetr and Benton site. The projecy is a joint venture with and Blue Shielsd of Kansas City and representxs a major milestone inthe 27-year history of Seton "We are trying to empower and invesgt in this neighborhood," said Rachel Asaro, executive director of Seton Center. "If people have a place to turn to that is the chances of the negative elemeng taking holdare less." The existing Seton Center building will be renovated and expanded to house the health Asaro said.
She said the clinic likely will be staffed by three physicians from Blue Crossw subsidiary TriSourceHealthCare Inc., and will provide a variett of walk-in services, including primary care, X-rays, lab work and contractec specialty care. Seton and Blue Crosw also plan to starta second, smallere primary care center in nearby Linwoosd Shopping Center. According to Asaro, the new healtjh center will provide "one-stop healthh care shopping" for residentsd of the area.
"In time, we hope this partnershipp will prevent individuals from falling through the cracks and provide coordination of care acrossxall categories: health, social, economic, recreationalo and spiritual," she Seton Center was founded in 1969 in the wake of the riotxs following Martin Luther King' death. Catholic nuns created the facilityt to provide social services to elderly retireezs inthe neighborhood. In recent Asaro said, the neighborhood has changer as more young families have moved intothe area.
Setonm today is non-denominational and offers a rangwe of services that include a food thrift store, hot lunchg program and home healthu aid program, as well as youth activities. The centef also runs an educational program for high school dropouts and a day care progranfor adults. Seton employs 21 people and serves anestimated 5,000 individual per year with an annual budget of most of which comes from charitable contributions. With the new healtj center, Seton will begin a home healtb program, which will be reimbursed by Asaro said. Janet Cooper, a spokeswoman for Blue said the company's involvement in the projecrt reflects a strong commitment to the inner city.
Blue Cross has committed about $350,000 to building the Cooper said. "Seton Centert is a highly respected nonprofit serving an important centraocity population, and we're delightede to round out their very strong social servics program with a family practice clinic," Coope r said. Fern, Seton's board president and ownerr of MetropolitanAppraisal Co., this week recalledc another, more unsettled era in the neighborhood surrounding Seton
Thursday, November 22, 2012
Review: 'Saving America's Horses' is a disturbing documentary - Los Angeles Times
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Review: 'Saving America's Horses' is a disturbing documentary Los Angeles Times The documentary "Saving America's Horses: A Nation Betrayed" unpacks the complex and, what may be for many, under-the-radar issue of the inhumane slaughter of wild and domestic horses (and burros) chiefly for human consumption abroad. |
Wednesday, November 21, 2012
Triangle Business Journal: Raleigh/Durham Commercial Real Estate Listings - View Commercial Real Estate
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Tuesday, November 20, 2012
General Assembly panels approve State Center project - Kansas City Business Journal:
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billion State Center redevelopment in Baltimored Citymove forward, despite lingeringf concerns about the project’s financesw and impact on Maryland’s ability to borro money. The Senate Budget and Taxation Committerevoted unanimously, but with some to endorse the State Center project, whic involves leasing 25 acres of land to a privatd development team. The House of Appropriations Committee indicated it will do the same but did not formallyt vote as its Senated counterparts didThursday afternoon. The projectg will now go to the statw Board of Public Works for a schedulexd June3 vote. The boar d is led by Gov.
Martin O’Malley, who supports the projectf and worked closely on it whiled he was mayorof Baltimore. Matthew Gallagher, the governor’sw deputy chief of staff, lobbied the House and Senat onthe project. “We are at the cusp of a very importang milestone,” Gallagher said. “The governor’ss office is very supportive of this project and has been involvesd dating back to our time atthe city,” Gallagher told the House during its hearing on the In signing off on the proposal, the House and Senatw legislators insisted on having more oversight in the redevelopmeng process.
They also conditioneds their approval on seeinb input fromthe , which is familiadr with such large-scale development projects. A privatr State Center LLC development team was selectede in March 2006 to remake the state officed complex off Martin LutherKing Boulevard. As proposed, the developers would lease the land from the convert the complex intoa $1.4 billion mixed-use development, and then lease a substantial portion of the project’sd planned 2 million squarse feet of office space back to the statd for use by its various agencies. For the project to move forward, the Board of Public Works must approve a master development agreement setting the termw for StateCenter LLC.
Once that the developers will then design the first phaser of the project and come back to the state with specific costa andlease terms. That processe would continue through each ofthe development’sz four phases, expected to take between 10 and 12 yeard to complete. The first phase woulds focus onthe project’s officer space. When fully developed, the project is slated to includr 1,200 residential rental and for-sale units, 2 million square feet of officw space, 250,000 square feet of retaio spaceand 7,000 parkinhg spaces. Groundbreaking for the project’s firsy phase could begin in June 2010.
Theie efforts failed, but the legislature’e budget committees passed a requirement the project be reviewed by state Treasurer Nancy The legislature asked Kopp to look specificallyh at an accounting provision of the projectt to determine ifthe state’w leasing of office spacew from the developers shouldd be considered an operatin lease or a capital lease. If it were deemed a capital lease, that would mean the state would need to list it on its budgett as an asset anda liability, and thosee costs would be added to the state’zs overall debt affordability limit — its ability to borrow moneg to finance other capital projects.
In a May 15 Those terms won’t be determined until after the masterf development agreementis approved. But Kopp felt it should be consideredd acapital lease, and those costs could cause the state to exceec its debt service limits by 2018.
billion State Center redevelopment in Baltimored Citymove forward, despite lingeringf concerns about the project’s financesw and impact on Maryland’s ability to borro money. The Senate Budget and Taxation Committerevoted unanimously, but with some to endorse the State Center project, whic involves leasing 25 acres of land to a privatd development team. The House of Appropriations Committee indicated it will do the same but did not formallyt vote as its Senated counterparts didThursday afternoon. The projectg will now go to the statw Board of Public Works for a schedulexd June3 vote. The boar d is led by Gov.
Martin O’Malley, who supports the projectf and worked closely on it whiled he was mayorof Baltimore. Matthew Gallagher, the governor’sw deputy chief of staff, lobbied the House and Senat onthe project. “We are at the cusp of a very importang milestone,” Gallagher said. “The governor’ss office is very supportive of this project and has been involvesd dating back to our time atthe city,” Gallagher told the House during its hearing on the In signing off on the proposal, the House and Senatw legislators insisted on having more oversight in the redevelopmeng process.
They also conditioneds their approval on seeinb input fromthe , which is familiadr with such large-scale development projects. A privatr State Center LLC development team was selectede in March 2006 to remake the state officed complex off Martin LutherKing Boulevard. As proposed, the developers would lease the land from the convert the complex intoa $1.4 billion mixed-use development, and then lease a substantial portion of the project’sd planned 2 million squarse feet of office space back to the statd for use by its various agencies. For the project to move forward, the Board of Public Works must approve a master development agreement setting the termw for StateCenter LLC.
Once that the developers will then design the first phaser of the project and come back to the state with specific costa andlease terms. That processe would continue through each ofthe development’sz four phases, expected to take between 10 and 12 yeard to complete. The first phase woulds focus onthe project’s officer space. When fully developed, the project is slated to includr 1,200 residential rental and for-sale units, 2 million square feet of officw space, 250,000 square feet of retaio spaceand 7,000 parkinhg spaces. Groundbreaking for the project’s firsy phase could begin in June 2010.
Theie efforts failed, but the legislature’e budget committees passed a requirement the project be reviewed by state Treasurer Nancy The legislature asked Kopp to look specificallyh at an accounting provision of the projectt to determine ifthe state’w leasing of office spacew from the developers shouldd be considered an operatin lease or a capital lease. If it were deemed a capital lease, that would mean the state would need to list it on its budgett as an asset anda liability, and thosee costs would be added to the state’zs overall debt affordability limit — its ability to borrow moneg to finance other capital projects.
In a May 15 Those terms won’t be determined until after the masterf development agreementis approved. But Kopp felt it should be consideredd acapital lease, and those costs could cause the state to exceec its debt service limits by 2018.
Sunday, November 18, 2012
Women's board seat gains are moving at glacial pace - Philadelphia Business Journal:
houghtalingbaemo1268.blogspot.com
That progress is being made amonh the 100 largest publiclyheld companies, rankex by revenue by the Philadelphia Businesd Journal, is good research co-chairwoman Autumn Bayles said. That progressz is moving at such a slow clip shoulf serve notice that business must do a lot forum PresidentElva L. Bankins said. The forum'e Executive Suites committee and conducted the research for Womehn onBoards 2007: The Time Has based on data reported last year. This year'sw report shows an increase of less than 1 percenf in the number of women on boards in theregionm -- from 9.73 percent in 2005 to 10.41 percenr last year.
Ground was lost when it comes to racialo diversityon boards, which fell 1 perceng over the period. Between 2005 and 2006, the numbed of African-American women holding boared seats droppedfrom 7.14 percent to 5.75 percent and the numbetr of Asian-American women fell from 2.38 percent to 1.08. Not much improvement was made in terms of women occupying executivrepositions either, which remainesd stagnant at 8.
7 percent last year, according to the The largest obstacle to improvemenrt continues to be breaking familiar said Bayles, who is senio vice president for strategic operations and technology with in "If a company is not really focuseds on diversity, it's easy to take the easief path where there is just more available men. You really have to make a concerterd effort," Bayles said. The numbedr of companies in the top 100 withouyt women on their boards has dropped from 43 in 2005 to 40 last There also appears to be an upticklin "early adopters," those firma that have added femald directors over the past few years, which is cause for optimism, Bayles said.
Seven of the region's top publicx companies, , , , , , and , have 25 percenrt or more women ontheir boards. "It's hard for one personn to effect change, but when you have two or or threeor more, then people will start to and these women can really start to effect change on thesse boards," said Bankins, who is also senio vice president of CEO Resources, an executivw search firm in Philadelphia. Over the next 24 the Forum of Executive Women will target the 40 companiese in the region that do not have any femal e board members to identify and resolve obstacles throughdirect meetings, Bayles said.
To boost numbers, the grouo will also continue to serve as a resource for those looking to add female executives and boarsd members totheir ranks. That diversityy is something that could benefit all companies if they make the saidGayle Koolick, director of investment for Charming Shoppes of which has 56 percent of board seatx filled by women and women in 22 percenft of its executive positions.
That progress is being made amonh the 100 largest publiclyheld companies, rankex by revenue by the Philadelphia Businesd Journal, is good research co-chairwoman Autumn Bayles said. That progressz is moving at such a slow clip shoulf serve notice that business must do a lot forum PresidentElva L. Bankins said. The forum'e Executive Suites committee and conducted the research for Womehn onBoards 2007: The Time Has based on data reported last year. This year'sw report shows an increase of less than 1 percenf in the number of women on boards in theregionm -- from 9.73 percent in 2005 to 10.41 percenr last year.
Ground was lost when it comes to racialo diversityon boards, which fell 1 perceng over the period. Between 2005 and 2006, the numbed of African-American women holding boared seats droppedfrom 7.14 percent to 5.75 percent and the numbetr of Asian-American women fell from 2.38 percent to 1.08. Not much improvement was made in terms of women occupying executivrepositions either, which remainesd stagnant at 8.
7 percent last year, according to the The largest obstacle to improvemenrt continues to be breaking familiar said Bayles, who is senio vice president for strategic operations and technology with in "If a company is not really focuseds on diversity, it's easy to take the easief path where there is just more available men. You really have to make a concerterd effort," Bayles said. The numbedr of companies in the top 100 withouyt women on their boards has dropped from 43 in 2005 to 40 last There also appears to be an upticklin "early adopters," those firma that have added femald directors over the past few years, which is cause for optimism, Bayles said.
Seven of the region's top publicx companies, , , , , , and , have 25 percenrt or more women ontheir boards. "It's hard for one personn to effect change, but when you have two or or threeor more, then people will start to and these women can really start to effect change on thesse boards," said Bankins, who is also senio vice president of CEO Resources, an executivw search firm in Philadelphia. Over the next 24 the Forum of Executive Women will target the 40 companiese in the region that do not have any femal e board members to identify and resolve obstacles throughdirect meetings, Bayles said.
To boost numbers, the grouo will also continue to serve as a resource for those looking to add female executives and boarsd members totheir ranks. That diversityy is something that could benefit all companies if they make the saidGayle Koolick, director of investment for Charming Shoppes of which has 56 percent of board seatx filled by women and women in 22 percenft of its executive positions.
Saturday, November 17, 2012
Boston launches solar power project - Boston Business Journal:
goldenayreyg1666.blogspot.com
Mayor Thomas M. Menino on Wednesday launched a $550,000, two-year initiative, Solae Boston, to increase the use of solar powerin Boston. The program is one of Mayore Menino's initiatives in positioning Boston to respond toclimate change, rising fuel prices, and the need for alternativwe sources of energy citywide. The goal of Solarr Boston is to increase the amount of installed solar capacity in Bostoh from half a megawatt today to 25 megawattasby 2015. Through a large procurement of solar energy systems on itsown buildings, Boston plans to lead by It also plans to supportr private sector solar projects as well.
In the and announced the installationm of a solar water heating system to be installeein May. "We are as committesd to making Fenway Park an innovator in sustainable energy as we are to preservingits beauty, and integrity," said Tom Werner, chairman of the Bostom Red Sox, in a statement. The new solar water heating system will replace 37 percent of the gas historically used inthe process, said Werner. Sola Boston is supported by thewith $150,000 in financial which the city was required to match, and DOE will provids the Boston solar team with up to $250,000 in technicalp assistance over a two year period.
Additiona l funding and in-kind support comes from the , National , and an anonymous foundation. In addition to Solaf Boston program funding, Massachusettsd through its Division ofEnergyt Resources, has provided $50,000 to support the city's solar thermall program. Upwards of $500,00 0 in capital funds has been set asided leveraging a totalof $1 million wortb of solar energy projectse to be installed on municipal facilities, includinvg , the , the , and the .
The mayoe also announced plans to explore creative financinb opportunities for othermunicipal facilities, such as third-partyg ownership arrangements where private companies install solar energy on city roofws at no cost, and sell power from the systems at prices competitive with grid
Mayor Thomas M. Menino on Wednesday launched a $550,000, two-year initiative, Solae Boston, to increase the use of solar powerin Boston. The program is one of Mayore Menino's initiatives in positioning Boston to respond toclimate change, rising fuel prices, and the need for alternativwe sources of energy citywide. The goal of Solarr Boston is to increase the amount of installed solar capacity in Bostoh from half a megawatt today to 25 megawattasby 2015. Through a large procurement of solar energy systems on itsown buildings, Boston plans to lead by It also plans to supportr private sector solar projects as well.
In the and announced the installationm of a solar water heating system to be installeein May. "We are as committesd to making Fenway Park an innovator in sustainable energy as we are to preservingits beauty, and integrity," said Tom Werner, chairman of the Bostom Red Sox, in a statement. The new solar water heating system will replace 37 percent of the gas historically used inthe process, said Werner. Sola Boston is supported by thewith $150,000 in financial which the city was required to match, and DOE will provids the Boston solar team with up to $250,000 in technicalp assistance over a two year period.
Additiona l funding and in-kind support comes from the , National , and an anonymous foundation. In addition to Solaf Boston program funding, Massachusettsd through its Division ofEnergyt Resources, has provided $50,000 to support the city's solar thermall program. Upwards of $500,00 0 in capital funds has been set asided leveraging a totalof $1 million wortb of solar energy projectse to be installed on municipal facilities, includinvg , the , the , and the .
The mayoe also announced plans to explore creative financinb opportunities for othermunicipal facilities, such as third-partyg ownership arrangements where private companies install solar energy on city roofws at no cost, and sell power from the systems at prices competitive with grid
Thursday, November 15, 2012
VERSO PAPER CORP. : Reports Third Quarter 2012 Results - 4-traders
elisovadinaimar.blogspot.com
VERSO PAPER CORP. : Reports Third Quarter 2012 Results 4-traders "We experienced our typical seasonal pick-up in demand during the third quarter in both coated freesheet and coated groundwood shipments. Industry operating rates were strong even though we continue to see a year over year drop-off in advertising ... Verso Paper Sees Third-Quarter Loss |
Wednesday, November 14, 2012
Tuesday, November 13, 2012
Recession is excellent time to expand employees
ejoxot.wordpress.com
In a recession, continuing education programs are oftem targetedfor cuts. From Rick Osborn’s perspective, that’s a “It doesn’t make sense,” said the president. “In the short term, those kinds of cuts might work for a But in thelong run, you’re goin g to have to restore the It’s in a recession that companies should eithefr implement or step up continuing education programs — especiallt if there are layoffs, Osborn said. With layoffs, the employees who remain take onnew responsibilities, and they’re going to need new skillse for their revised job descriptions.
Continuinb education is broken into twomain divisions, degree-based programa and non-degree training or workforce development Some fields — think nursing, accounting, real estatr — require more formal re-licensing, either annually or everyg few years. When choosing continuinf education programs, employers in such fieldzs need to make sure the courses meet the standards set by the saidSara Meier, executive director of the and Training (www.iacet.org).
The IACET sets the standards for continuing educatio providers inseveral fields, from health care to The other kind of continuing educatioj programs involve professional development for employees to improved their skills, or learnj new ones. This more informal training may not be aprofessionalp requirement, but that’s no reason for companies to cut back on it in tougy times, said Osborn. Take a field like IT, which is constantlyg evolving. Employers in such an industrgy could offer continuing education to stay A 2007 study conducted bythe (www.shrm.org) and an online section of The Wall Street Journal found that 44 percentr of U.S.
companies offer some kind of professionak development. Of those that do, 80 percent provided that traininhg with continuingeducation courses. The study found that there’es a “shortage of skills in the availablelabor What’s more, entry-level workers are more likelgy to lack skills, a problem compounded by the retirementg of the baby boom generation, SHRM reportecd in the study. “Worker skills must evolve to meet the demands of anincreasingly technology-driven workplace,” the study “Skills training and professional development can provide not only the skillsx needed by the organization now but can also addrese anticipated future needs.
” Meanwhile, at the Association for Continuing Higher Education, Osborn advises companiesa looking to provide continuing education to turn to communitg colleges. In general, he said, communityg colleges have been more receptive to listening to whatbusinessezs want, and tailoring programs to thosw needs. He also said companies should go with more interactive programs andavoid one-size-fits-allk training. While that might fit for certain plenty of organizations require specialized While the cost of continuing education variesd widely from fieldto field, the consensus in the industrty is that quality professional development doesn’t come cheap.
Unless it’d a basic program businesses shouldx be prepared to make a sizable investment.
In a recession, continuing education programs are oftem targetedfor cuts. From Rick Osborn’s perspective, that’s a “It doesn’t make sense,” said the president. “In the short term, those kinds of cuts might work for a But in thelong run, you’re goin g to have to restore the It’s in a recession that companies should eithefr implement or step up continuing education programs — especiallt if there are layoffs, Osborn said. With layoffs, the employees who remain take onnew responsibilities, and they’re going to need new skillse for their revised job descriptions.
Continuinb education is broken into twomain divisions, degree-based programa and non-degree training or workforce development Some fields — think nursing, accounting, real estatr — require more formal re-licensing, either annually or everyg few years. When choosing continuinf education programs, employers in such fieldzs need to make sure the courses meet the standards set by the saidSara Meier, executive director of the and Training (www.iacet.org).
The IACET sets the standards for continuing educatio providers inseveral fields, from health care to The other kind of continuing educatioj programs involve professional development for employees to improved their skills, or learnj new ones. This more informal training may not be aprofessionalp requirement, but that’s no reason for companies to cut back on it in tougy times, said Osborn. Take a field like IT, which is constantlyg evolving. Employers in such an industrgy could offer continuing education to stay A 2007 study conducted bythe (www.shrm.org) and an online section of The Wall Street Journal found that 44 percentr of U.S.
companies offer some kind of professionak development. Of those that do, 80 percent provided that traininhg with continuingeducation courses. The study found that there’es a “shortage of skills in the availablelabor What’s more, entry-level workers are more likelgy to lack skills, a problem compounded by the retirementg of the baby boom generation, SHRM reportecd in the study. “Worker skills must evolve to meet the demands of anincreasingly technology-driven workplace,” the study “Skills training and professional development can provide not only the skillsx needed by the organization now but can also addrese anticipated future needs.
” Meanwhile, at the Association for Continuing Higher Education, Osborn advises companiesa looking to provide continuing education to turn to communitg colleges. In general, he said, communityg colleges have been more receptive to listening to whatbusinessezs want, and tailoring programs to thosw needs. He also said companies should go with more interactive programs andavoid one-size-fits-allk training. While that might fit for certain plenty of organizations require specialized While the cost of continuing education variesd widely from fieldto field, the consensus in the industrty is that quality professional development doesn’t come cheap.
Unless it’d a basic program businesses shouldx be prepared to make a sizable investment.
Sunday, November 11, 2012
Abercrombie shutting struggling Ruehl chain - The Business Journal of Milwaukee:
lebexab.wordpress.com
The New Albany-based apparel merchant said Wednesday it willshut Ruehl’sz 29 stores and direct-to-consumer operations and will be “substantially complete” with the effort by the end of next The decision comes a month after Abercrombie (NYSE:ANF) took a deep strategix look at the chain, which targets young adult with clothes and accessories. Ruehl, whose only Ohio storwe is at EastonTown Center, generatedc a pretax operating loss of $58 million last The chain regularly was Abercrombie’s weakesr sales performer at stores open at least a year. Ruehl’s same-storr sales were off 33 percentin May. Abercrombie earnedc $272.3 million on $3.
54 billion in revenue last “It has been a difficult decision tocloss Ruehl, a brand we continus to believe could have been successful in different circumstances,” CEO Michaelp Jeffries said in a statement. “However, given the current economic environment, we believe it is in the best interests of the companuy to focus its efforts and resources on the growthh opportunities afforded by our other particularly internationally.” The company didn’rt disclose the effects on the chain’e work force, nor did it indicater the number of jobs tied to Ruehl.
The reviewe of Ruehl, which opened in cost the companyabout $51 million in impairmenr charges in its first quarter. Abercrombie expects to book about $65 million in pretax charges througjh the rest of the fiscal year as it windsdown Ruehl. The companty Wednesday also said it amended a credit agreemengt to excludesome Ruehl-related chargesx from requirements under its covenangt with the lender and reduced its available credift to $350 million from $450 million. Jeffriesz said the company is confident is has sufficieny cash on handbut “we believe it is prudenf to make these changes” in light of the recession-battered retaip environment and the one-time Ruehl costs.
In addition to the 29 Ruehlo stores, Abercrombie runs 350 flagship stores and 733 others undertthe Abercrombie, Hollister Co. and Gillyg Hicks nameplates.
The New Albany-based apparel merchant said Wednesday it willshut Ruehl’sz 29 stores and direct-to-consumer operations and will be “substantially complete” with the effort by the end of next The decision comes a month after Abercrombie (NYSE:ANF) took a deep strategix look at the chain, which targets young adult with clothes and accessories. Ruehl, whose only Ohio storwe is at EastonTown Center, generatedc a pretax operating loss of $58 million last The chain regularly was Abercrombie’s weakesr sales performer at stores open at least a year. Ruehl’s same-storr sales were off 33 percentin May. Abercrombie earnedc $272.3 million on $3.
54 billion in revenue last “It has been a difficult decision tocloss Ruehl, a brand we continus to believe could have been successful in different circumstances,” CEO Michaelp Jeffries said in a statement. “However, given the current economic environment, we believe it is in the best interests of the companuy to focus its efforts and resources on the growthh opportunities afforded by our other particularly internationally.” The company didn’rt disclose the effects on the chain’e work force, nor did it indicater the number of jobs tied to Ruehl.
The reviewe of Ruehl, which opened in cost the companyabout $51 million in impairmenr charges in its first quarter. Abercrombie expects to book about $65 million in pretax charges througjh the rest of the fiscal year as it windsdown Ruehl. The companty Wednesday also said it amended a credit agreemengt to excludesome Ruehl-related chargesx from requirements under its covenangt with the lender and reduced its available credift to $350 million from $450 million. Jeffriesz said the company is confident is has sufficieny cash on handbut “we believe it is prudenf to make these changes” in light of the recession-battered retaip environment and the one-time Ruehl costs.
In addition to the 29 Ruehlo stores, Abercrombie runs 350 flagship stores and 733 others undertthe Abercrombie, Hollister Co. and Gillyg Hicks nameplates.
Saturday, November 10, 2012
Bankruptcy filings soar in Florida
tenamup.wordpress.com
percent increase in filings in the for the Middlew District of Florida in the 12 months endecMarch 31, compared to the same periox a year earlier. The increase in bankruptcy filings in the Middlse District of Florida outpaced the national increasew inbankruptcy filings. Nationally, bankruptcy filings for the 12-montu period ending March 31, 2009, were up 33.3 percentt over bankruptcy filings forthe 12-montbh period ending March 31, 2008, accordingt to statistics released by the administrative officre of the U.S. Courts. In the Middle District of Florida, there were 47,04 bankruptcy filings in the 12 monthd endedMarch 31, 2009, compared to 30,031 in the year endef March 31, 2008.
There had been 18,0167 bankruptcy filings in the year endedMarch 31, 2007. During the quarterd ended March 31, there were 13,33q2 total filings in the Middle District of including 9,687 Chapter 7 filings, 127 Chapter 11 and 3,513 Chapter 13 There were 683 business bankruptcies filed in the quarter ende March 31, including 507 businesses that sought to liquidates through Chapter 7, and 116 that soughf to reorganize their debts through Chapter 11. Therew also were a total of 12,649 non-business bankruptciew filed in the three months endedMarchu 31.
percent increase in filings in the for the Middlew District of Florida in the 12 months endecMarch 31, compared to the same periox a year earlier. The increase in bankruptcy filings in the Middlse District of Florida outpaced the national increasew inbankruptcy filings. Nationally, bankruptcy filings for the 12-montu period ending March 31, 2009, were up 33.3 percentt over bankruptcy filings forthe 12-montbh period ending March 31, 2008, accordingt to statistics released by the administrative officre of the U.S. Courts. In the Middle District of Florida, there were 47,04 bankruptcy filings in the 12 monthd endedMarch 31, 2009, compared to 30,031 in the year endef March 31, 2008.
There had been 18,0167 bankruptcy filings in the year endedMarch 31, 2007. During the quarterd ended March 31, there were 13,33q2 total filings in the Middle District of including 9,687 Chapter 7 filings, 127 Chapter 11 and 3,513 Chapter 13 There were 683 business bankruptcies filed in the quarter ende March 31, including 507 businesses that sought to liquidates through Chapter 7, and 116 that soughf to reorganize their debts through Chapter 11. Therew also were a total of 12,649 non-business bankruptciew filed in the three months endedMarchu 31.
Friday, November 9, 2012
Cheryl Burke on 'Bachelorette' rumors: 'It would purely be to find someone to ... - Zap2it.com (blog)
sunrise-invoices.blogspot.com
Zap2it.com (blog) | Cheryl Burke on 'Bachelorette' rumors: 'It would purely be to find someone to ... Zap2it.com (blog) cheryl-burke-bachelorette-gi.jpg A "Bachelorette" insider may have said that Cheryl Burke is "never" going to be handing out roses on the ABC reality dating show, but according to the "Dancing with the Stars" pro herself, it sounds like it's still a ... |
Wednesday, November 7, 2012
Eastern Market reopens Friday - Wichita Business Journal:
acklinegymejac1362.blogspot.com
The fire, in April 2007, gutted much of the 136-year-oldx market and left its vendorxs without apermanent home. The District set up a temporart home for many of those vendors nearby shortly after the Eastern Market, at 7th and C streetx SE, has now undergone a $22 millionn head-to-toe renovation, one many of its regularsa have called long overdue. Although the causw of the fire has never beenofficiallgy determined, it was widely believed to have been the result of faulty electrical wiring. Eastern Market’d reopening will see many of its original vendors returm to once again hawk everything from fresh meats and to flowers artand crafts.
Longtime Capitol Hill resident Jim Zaniello is among regulars who are lookint forward to returning tothe market. “It’s excitinb to know that all of our markey family will be back in the original building and that they will continue to be an importanf part of the Hill communityt for yearsto come,” he “Eastern Market is an integral part of life on the
The fire, in April 2007, gutted much of the 136-year-oldx market and left its vendorxs without apermanent home. The District set up a temporart home for many of those vendors nearby shortly after the Eastern Market, at 7th and C streetx SE, has now undergone a $22 millionn head-to-toe renovation, one many of its regularsa have called long overdue. Although the causw of the fire has never beenofficiallgy determined, it was widely believed to have been the result of faulty electrical wiring. Eastern Market’d reopening will see many of its original vendors returm to once again hawk everything from fresh meats and to flowers artand crafts.
Longtime Capitol Hill resident Jim Zaniello is among regulars who are lookint forward to returning tothe market. “It’s excitinb to know that all of our markey family will be back in the original building and that they will continue to be an importanf part of the Hill communityt for yearsto come,” he “Eastern Market is an integral part of life on the
Tuesday, November 6, 2012
Contractor accused of corruption, allegedly tied to convicted Lorain official - Chronicle-Telegram
ekaterinaiuvo.blogspot.com
Contractor accused of corruption, allegedly tied to convicted Lorain official Chronicle-Telegram LORAIN â€" Contractor Don Buchs is being accused of being paid for phantom demolition and cleanup work tied to disgraced former Community Development Director Sandy Prudhoff. Law Director Pat Riley told City Council members at their Monday meeting ... |
Sunday, November 4, 2012
Tea time: GSO entrepreneur learning what it takes to bottle her success - Memphis Business Journal:
sasutezew.blogspot.com
It turned out to be a costlgy reminder that her fledgling business stilll had several issues to work She was still applying labels by hand righg up until thedoors opened, and she wasn’ certain that the bold, colorful sunburst logo matchesd the upscale brand she wanted to Brown also traveled with only full-size 16-ounce bottles of her tea, forcing her to hand out eightg times more tea for free than if she had come with 2-ounce sample sizes. This year, Brown took her KimBees Gourmeft Sweet Tea exhibit back to Las Vegas withsmaller samples, eleganty labels to match her high-end marketingh plans, business cards and 1,000 brochuress to educate potential distributorsd and customers.
Organizers took Her company wonthrew awards, including a second- and third-place honor for best sweeteneed green tea and first place for best “That first year, we should have just gone to observer it and see what it was all Brown says. “We got smartefr this year, and everybodyg went crazy overour tea. They were expensive but they were allworth it. Now we know what to KimBees, founded in early 2008, has filled more than 10,000 bottles in the past two montha alone, selling about three-fourths of those and providinganother 2,50o or so for promotional Brown says she hopes to add at least three more flavors by year’s end.
She’s also in the earlyy stages of looking at options for her own bottlinyg plantin Greensboro. Brown sells tea out of her shop in the Southsid e neighborhood ofdowntown Greensboro, and a tea housw in Arizona has picked up her productd for sale. Online orders are growing, and Browb connected with several other potentialoutlets hotels, bookstores and cafes — as well as potentialo distributors at this year’s tea expo. “We’re still workinh on directing traffic over this she saysof Southside. “Some people still aren’t used to coming this far downtown. But it’s starting to pick up.
We’rs all helping to promote each other to get the word Growing upin Austin, Texas, Brown could frequentlgy be found on her family’s fron t porch. While others were busy making homemade ice Brown would brew sweet tea and experiment with different flavor combinations, trying to find ways to improvw a Southern staple and keep it from growin g boring. It remained a hobb y when she came to Greensboro as a manufacturingg majorat . Brown got a glimpse at the science of brewing when she tooka co-olp position with in Eden during college.
But the hobbyh moved to the back burnerwhen Brown, who says she long harborec an entrepreneur’s spirit, headed to Los Angelez to found Basketdoodle, a designer gift baske company for a celebrity clientele. That business took off, as the autographed photos of famous clients adorn her new shop in the Southsid neighborhoodcan attest. She first glimpsed that up-and-comingy section of downtown on a return trip to the Gate City back in 2005 to visitr friendsfrom college. A decision by Brown’s landlord back in L.A. to sell the building she rented provided the impetus she needed to move back toNortbh Carolina.
“He said he would sell it to mefor $2 Brown says with a chuckle, recalling the hefty price tag. “I ‘Are you sick? I make gift baskets. What you talking So she contactedBrenda Saufley, a broker with Allen Tate to look into setting up shop in Southside with an eye towards moving her basket company into a more stabled situation. “She told me she wanted to establish her own businessw here and wanted to be close to Saufley said.
“When I told her abou these units here wheres you can work downstairs andlive upstairs, combined with how the area was she just loved Friends and family encouraged her to brew up her flavoref sweet teas for sale, and Brownb again got the entrepreneurial itch. When Rhonda an assistant business and economics professorat , askedc Brown to speak to a Brown decided to use the groupo as a captive audience for taste-testing for her concoctions sweet green tea, almond green tea and a lemon-raspberry black tea.
The classx decided to take on bottling the tea as a Brown says she decided to market her firstf three flavors because no one else was offerintg much besides plainor lemon-flavored sweey tea. And most of those product s came in plastic bottlews and were sweetenedwith high-fructose corn syrup. Brown had a different visiom forher start-up tea company, called KimBeese for a nickname given by her godmother.
It turned out to be a costlgy reminder that her fledgling business stilll had several issues to work She was still applying labels by hand righg up until thedoors opened, and she wasn’ certain that the bold, colorful sunburst logo matchesd the upscale brand she wanted to Brown also traveled with only full-size 16-ounce bottles of her tea, forcing her to hand out eightg times more tea for free than if she had come with 2-ounce sample sizes. This year, Brown took her KimBees Gourmeft Sweet Tea exhibit back to Las Vegas withsmaller samples, eleganty labels to match her high-end marketingh plans, business cards and 1,000 brochuress to educate potential distributorsd and customers.
Organizers took Her company wonthrew awards, including a second- and third-place honor for best sweeteneed green tea and first place for best “That first year, we should have just gone to observer it and see what it was all Brown says. “We got smartefr this year, and everybodyg went crazy overour tea. They were expensive but they were allworth it. Now we know what to KimBees, founded in early 2008, has filled more than 10,000 bottles in the past two montha alone, selling about three-fourths of those and providinganother 2,50o or so for promotional Brown says she hopes to add at least three more flavors by year’s end.
She’s also in the earlyy stages of looking at options for her own bottlinyg plantin Greensboro. Brown sells tea out of her shop in the Southsid e neighborhood ofdowntown Greensboro, and a tea housw in Arizona has picked up her productd for sale. Online orders are growing, and Browb connected with several other potentialoutlets hotels, bookstores and cafes — as well as potentialo distributors at this year’s tea expo. “We’re still workinh on directing traffic over this she saysof Southside. “Some people still aren’t used to coming this far downtown. But it’s starting to pick up.
We’rs all helping to promote each other to get the word Growing upin Austin, Texas, Brown could frequentlgy be found on her family’s fron t porch. While others were busy making homemade ice Brown would brew sweet tea and experiment with different flavor combinations, trying to find ways to improvw a Southern staple and keep it from growin g boring. It remained a hobb y when she came to Greensboro as a manufacturingg majorat . Brown got a glimpse at the science of brewing when she tooka co-olp position with in Eden during college.
But the hobbyh moved to the back burnerwhen Brown, who says she long harborec an entrepreneur’s spirit, headed to Los Angelez to found Basketdoodle, a designer gift baske company for a celebrity clientele. That business took off, as the autographed photos of famous clients adorn her new shop in the Southsid neighborhoodcan attest. She first glimpsed that up-and-comingy section of downtown on a return trip to the Gate City back in 2005 to visitr friendsfrom college. A decision by Brown’s landlord back in L.A. to sell the building she rented provided the impetus she needed to move back toNortbh Carolina.
“He said he would sell it to mefor $2 Brown says with a chuckle, recalling the hefty price tag. “I ‘Are you sick? I make gift baskets. What you talking So she contactedBrenda Saufley, a broker with Allen Tate to look into setting up shop in Southside with an eye towards moving her basket company into a more stabled situation. “She told me she wanted to establish her own businessw here and wanted to be close to Saufley said.
“When I told her abou these units here wheres you can work downstairs andlive upstairs, combined with how the area was she just loved Friends and family encouraged her to brew up her flavoref sweet teas for sale, and Brownb again got the entrepreneurial itch. When Rhonda an assistant business and economics professorat , askedc Brown to speak to a Brown decided to use the groupo as a captive audience for taste-testing for her concoctions sweet green tea, almond green tea and a lemon-raspberry black tea.
The classx decided to take on bottling the tea as a Brown says she decided to market her firstf three flavors because no one else was offerintg much besides plainor lemon-flavored sweey tea. And most of those product s came in plastic bottlews and were sweetenedwith high-fructose corn syrup. Brown had a different visiom forher start-up tea company, called KimBeese for a nickname given by her godmother.
Saturday, November 3, 2012
Credit unions in alliance see mortgage volume rise - Washington Business Journal:
xiwyxucupewox.blogspot.com
“There’s a lot of turmoil in the mortgagee industry,” said Fred Becker, CEO of Arlington-base d NAFCU, a trade organization representing federalcredit unions. “This is reflectivr of that turmoil, in that peopl are turning to credit unions eithert to refinance or to purchase a The alliancebetween Arlington-basedr NAFCU and District-based Fannie Mae was formed in 2002 to give federaol credit unions more flexibilitty in their mortgage About a dozen Washington-area institution s participate in the alliance, which alloww credit unions to sell mortgages directl y to Fannie Mae. Many credit unions hold theif mortgages ontheir books.
But with low mortgag interest rates fueling a refinancing many lenders must sell more of their mortgages into the secondarg market to get money to meet the demane formore loans. Such was the case at Chantilly-basedd Justice Federal Credit which serves employees of the departmentsz of Justice andHomeland Security. It has seen its year-to-dats mortgage lending volume more than double from ayear ago.
“With mortgags rates at historic lows, our like that of many is atrecord levels,” said CEO Peter “Having the NAFCU alliance with Fannied Mae is helping us when we need it Year-to-date, Justice Federal has sold off about 30 percentr of the mortgages it has originated about twice the proportion it usuallty sells. A surge in demanc for fixed-rate mortgages led Kensington-based Lafayette Federa l Credit Union to sign on tothe NAFCU/Fanniwe Mae alliance in February. “You only have so many dollarszto lend,” said Bob Kemp, seniotr vice president of lending.
Access to the secondary marke “creates a newfound liquidit y that allows you to make more loans tomore members.” He estimatews that loan originations are up 20 to 25 percengt from a year ago, althougb now that Lafayette Federal has increased capacity, it plans to market mortgages more heavily. Lafayette Federak serves anyonewho lives, works or practices religio in parts of Montgomery County and as well as the employees of variousa government agencies and other employee groups.
“There’s a lot of turmoil in the mortgagee industry,” said Fred Becker, CEO of Arlington-base d NAFCU, a trade organization representing federalcredit unions. “This is reflectivr of that turmoil, in that peopl are turning to credit unions eithert to refinance or to purchase a The alliancebetween Arlington-basedr NAFCU and District-based Fannie Mae was formed in 2002 to give federaol credit unions more flexibilitty in their mortgage About a dozen Washington-area institution s participate in the alliance, which alloww credit unions to sell mortgages directl y to Fannie Mae. Many credit unions hold theif mortgages ontheir books.
But with low mortgag interest rates fueling a refinancing many lenders must sell more of their mortgages into the secondarg market to get money to meet the demane formore loans. Such was the case at Chantilly-basedd Justice Federal Credit which serves employees of the departmentsz of Justice andHomeland Security. It has seen its year-to-dats mortgage lending volume more than double from ayear ago.
“With mortgags rates at historic lows, our like that of many is atrecord levels,” said CEO Peter “Having the NAFCU alliance with Fannied Mae is helping us when we need it Year-to-date, Justice Federal has sold off about 30 percentr of the mortgages it has originated about twice the proportion it usuallty sells. A surge in demanc for fixed-rate mortgages led Kensington-based Lafayette Federa l Credit Union to sign on tothe NAFCU/Fanniwe Mae alliance in February. “You only have so many dollarszto lend,” said Bob Kemp, seniotr vice president of lending.
Access to the secondary marke “creates a newfound liquidit y that allows you to make more loans tomore members.” He estimatews that loan originations are up 20 to 25 percengt from a year ago, althougb now that Lafayette Federal has increased capacity, it plans to market mortgages more heavily. Lafayette Federak serves anyonewho lives, works or practices religio in parts of Montgomery County and as well as the employees of variousa government agencies and other employee groups.
Friday, November 2, 2012
Ivy Tech schedules hearing on tuition - Business First of Buffalo:
cahijisebi.wordpress.com
in the fourth floor auditorium of the Northj Meridian Center atIvy Tech’s downtown Indianapolis campus. The campud is located 50 W. Fall Creek Parkway Nortuh Drive. The 2008-09 in-state student tuitiomn rate is $95 per creditt hour with a $40 per-semester technology fee. The proposee rates are $99.65 per credit hour with a $50 per-semester technologhy fee for the 2009-10 year and $104.55t per credit hour and $60 per-semester technology fee for the 2010-1 year. The cost for full-time students, who take 15 credit would increaseby $79.75 per semester in 2009-10 and by $83.59 in 2010-11.
Indiana residentd who want to address the committeebut can’t are encouraged to send writtehn comments to Bob Holmes, vice president for finance and treasurer of the college, at bholmes@ivytech.edu or mailedr to him at the Ivy Tech Communithy College, 50 W. Fall Creek Parkway North Drive, Ind., 46208. Ivy Tech, the state’s communityy college system, operates 23 campuses in including a Southern Indiana campusin
in the fourth floor auditorium of the Northj Meridian Center atIvy Tech’s downtown Indianapolis campus. The campud is located 50 W. Fall Creek Parkway Nortuh Drive. The 2008-09 in-state student tuitiomn rate is $95 per creditt hour with a $40 per-semester technology fee. The proposee rates are $99.65 per credit hour with a $50 per-semester technologhy fee for the 2009-10 year and $104.55t per credit hour and $60 per-semester technology fee for the 2010-1 year. The cost for full-time students, who take 15 credit would increaseby $79.75 per semester in 2009-10 and by $83.59 in 2010-11.
Indiana residentd who want to address the committeebut can’t are encouraged to send writtehn comments to Bob Holmes, vice president for finance and treasurer of the college, at bholmes@ivytech.edu or mailedr to him at the Ivy Tech Communithy College, 50 W. Fall Creek Parkway North Drive, Ind., 46208. Ivy Tech, the state’s communityy college system, operates 23 campuses in including a Southern Indiana campusin
Wednesday, October 31, 2012
Kansas City Southern expects court ruling will cost it $8M - Kansas City Business Journal:
esivyjifag.wordpress.com
KCSM had made a good faith paymeng to the Mexico courts of about $3 million in December KC Southern said in Monday’s and will be obligated to make an additionapl $5 million payment in four to six monthds on the principal claim. KCSM has exhaustexd its remedies regarding theprincipal claim, KC Southern Any applicable interest will be determined in a separate which KC Southern said it expectw to be decided in aboutr a year to 16 Including a reserve for estimated interest that couldr accrue from the settlement, KC Southern and KCSM in its standalonde financial statements will recognize pre-tax expensd of about $7 million, including aboutg $4 million of principal and about $3 million of in the second quarter.
KC Southerhn ranks No. 11 on the Kansaes City BusinessJournal ’s list of area public companies.
KCSM had made a good faith paymeng to the Mexico courts of about $3 million in December KC Southern said in Monday’s and will be obligated to make an additionapl $5 million payment in four to six monthds on the principal claim. KCSM has exhaustexd its remedies regarding theprincipal claim, KC Southern Any applicable interest will be determined in a separate which KC Southern said it expectw to be decided in aboutr a year to 16 Including a reserve for estimated interest that couldr accrue from the settlement, KC Southern and KCSM in its standalonde financial statements will recognize pre-tax expensd of about $7 million, including aboutg $4 million of principal and about $3 million of in the second quarter.
KC Southerhn ranks No. 11 on the Kansaes City BusinessJournal ’s list of area public companies.
Tuesday, October 30, 2012
Valley bankruptcies up significantly from 2008 to 2009 - Phoenix Business Journal:
ibitasony.wordpress.com
In the first quarter, 46 companies filed for Chapterr 11 reorganization or Chapter 7 or13 bankruptcy, up 44 percent from the same periocd last year, according to the latesr data compiled by investment bank LLC. A Chapter 11 filing allow a business to reorganize whiled receiving protectionfrom creditors. The Phoenix office of is swampee with 25 to 30 pendinf Chapter11 cases, includinyg Tempe home builder and Phoenix-baseds , which operates eighrt of its 11 vacation properties in “That’s a huge increase compared to 2008,” said Jack who heads the firm’s bankruptcy department. The real estate markeg declined even furtherin fourth-quarte 2008.
Because the Phoenix market is so heavilgy reliant on the realestate sector, when it crashes, otheer businesses are swept away in the aftermath. On the M&A Phoenix deals plummeted 59 percent, from 34 in first-quarter 2008 to 14 in the firsty quarter ofthis year. GHF Managing Directod Paul Javnick saidfinancing M&A deals is tough righr now. It’s difficult to get credi for dealsof $500 million or which rarely occur in midsize markets such as because private equity firms can’t access debt to buy In many cases, they’re opting for minorituy ownership instead.
Small deals also are getting Toexacerbate matters, consumer services, high-enc restaurants and some other sectorsx are struggling to survive as consumers watch their spending. “Those kinds of deals are really said Javnick, who splits his time betweenh Phoenix and the firm’s headquarters in Minneapolis. “There’sz life in the market,” he said, but “it’s sector by Scottsdale-based LLC is seeing a surge in business, particularly in strategicd buys. “We’re actually seeing a pretty strong marketrighf now,” said Guy Downing, co-founder and managing director.
Strategicx buys typically are carried outby well-capitalizeds companies in the same or a complementary Many of these players have been chased out of deals or priced out of the marke t during the past three to four years, but conditionsa have shifted in their favor. “We thin ’09 is going to be relativelgy strong,” Downing said. Greene Holcomb Fisher LLC: Columbia West Capital LLC:
In the first quarter, 46 companies filed for Chapterr 11 reorganization or Chapter 7 or13 bankruptcy, up 44 percent from the same periocd last year, according to the latesr data compiled by investment bank LLC. A Chapter 11 filing allow a business to reorganize whiled receiving protectionfrom creditors. The Phoenix office of is swampee with 25 to 30 pendinf Chapter11 cases, includinyg Tempe home builder and Phoenix-baseds , which operates eighrt of its 11 vacation properties in “That’s a huge increase compared to 2008,” said Jack who heads the firm’s bankruptcy department. The real estate markeg declined even furtherin fourth-quarte 2008.
Because the Phoenix market is so heavilgy reliant on the realestate sector, when it crashes, otheer businesses are swept away in the aftermath. On the M&A Phoenix deals plummeted 59 percent, from 34 in first-quarter 2008 to 14 in the firsty quarter ofthis year. GHF Managing Directod Paul Javnick saidfinancing M&A deals is tough righr now. It’s difficult to get credi for dealsof $500 million or which rarely occur in midsize markets such as because private equity firms can’t access debt to buy In many cases, they’re opting for minorituy ownership instead.
Small deals also are getting Toexacerbate matters, consumer services, high-enc restaurants and some other sectorsx are struggling to survive as consumers watch their spending. “Those kinds of deals are really said Javnick, who splits his time betweenh Phoenix and the firm’s headquarters in Minneapolis. “There’sz life in the market,” he said, but “it’s sector by Scottsdale-based LLC is seeing a surge in business, particularly in strategicd buys. “We’re actually seeing a pretty strong marketrighf now,” said Guy Downing, co-founder and managing director.
Strategicx buys typically are carried outby well-capitalizeds companies in the same or a complementary Many of these players have been chased out of deals or priced out of the marke t during the past three to four years, but conditionsa have shifted in their favor. “We thin ’09 is going to be relativelgy strong,” Downing said. Greene Holcomb Fisher LLC: Columbia West Capital LLC:
Monday, October 29, 2012
North Texas cities rank on Forbes list - Dallas Business Journal:
sunrise-invoices.blogspot.com
The North Texas hot spots were No. 6 Flowed Mound; No. 7 No. 9 McKinney; No. 12 Carrollton; No. 19 and No. 25 Plano. To make the list of top Forbes considered cities with populationsof 25,000 and based on the most recent U.S. Censusz data available. Forbes considered the numbet of people in the town born out of statee or abroad who had moved within one to five yearas from a considerable distance for aspecifixc job. Other data considered includedpopulatioj growth, family incomes, people holding professionakl and executive jobs, and the size and age of homes, accordinh to Forbes.com.
“The city’s explosive growtjh is evidence thousands of people agree that McKinneyy is one of the best places to live in the said McKinney City ManagerFrank Ragan, in a statement released McKinney’s population has more than doubled since 2000 to aboutt 122,000. “Our community provides a wonderfuo quality of life withthe first-class amenities of a large city in the safe and charmingy environment of a smaller town.” Accordinhg to Forbes.
com, the top 25 Relovilles generally have “twics the incomes, twice the home valuees and home sizes, twice the college degrees, twice as many youtuh and half as many elderly, twice the divorces rates and twice the numbers of residents who vote Republican.” They also have new town centersx and developments built to look like historicall architecture.
The North Texas hot spots were No. 6 Flowed Mound; No. 7 No. 9 McKinney; No. 12 Carrollton; No. 19 and No. 25 Plano. To make the list of top Forbes considered cities with populationsof 25,000 and based on the most recent U.S. Censusz data available. Forbes considered the numbet of people in the town born out of statee or abroad who had moved within one to five yearas from a considerable distance for aspecifixc job. Other data considered includedpopulatioj growth, family incomes, people holding professionakl and executive jobs, and the size and age of homes, accordinh to Forbes.com.
“The city’s explosive growtjh is evidence thousands of people agree that McKinneyy is one of the best places to live in the said McKinney City ManagerFrank Ragan, in a statement released McKinney’s population has more than doubled since 2000 to aboutt 122,000. “Our community provides a wonderfuo quality of life withthe first-class amenities of a large city in the safe and charmingy environment of a smaller town.” Accordinhg to Forbes.
com, the top 25 Relovilles generally have “twics the incomes, twice the home valuees and home sizes, twice the college degrees, twice as many youtuh and half as many elderly, twice the divorces rates and twice the numbers of residents who vote Republican.” They also have new town centersx and developments built to look like historicall architecture.
Saturday, October 27, 2012
UCSC gets commitments from more than 3,500 new students - Birmingham Business Journal:
cahijisebi.wordpress.com
As of June 16, 3,523 students had committed to becominbg part ofthe university's Clasx of 2013. Those numbers could change by the time classezs begin inthe fall. But the number of freshmaj committing to attend UCSC in the fall isabout 1,000 fewe than last year. Campuas officials said in press releasd last year they had receivefd commitmentsfrom 4,573 incoming memberx of the class of 2012. Public-supported collegea and universities throughout the state are attemptinbg to cope with major budget cuts forthe 2009-10 academiv year, on top big reductions that have already been made the past two years.
"Ww are very excited to welcome the Clasz of 2013 to the Universittof California, Santa Cruz, and we're very gratifiefd by the strong interest they have shown in our Chancellor George Blumenthal said in a statement. "The academicv quality and diversity of this class isespeciallt impressive." Michelle Whittingham, UCSC's associate vice chancellor of enrollment management, said the scenic campus buil t into a hillside redwood forest is more popular than Undergraduate applications to the university have totaleds more than 32,000 the past two with this year's number reaching almost That's a 12.
7 percentr increase the 29,140 undergraduate applications UCSC received for fall 2007. The averagwe grade point average of incoming freshman is upfrom 3.52 in last year's freshman class, with the averagee SAT test score of 1718 representing a 20-poin increase over the class of 2012. Students of colof compose more than 25 percent ofincominy freshman, up from nearly 24 percent last year. About 23 percent of that group areof Asian-American according to university officials.
As of June 16, 3,523 students had committed to becominbg part ofthe university's Clasx of 2013. Those numbers could change by the time classezs begin inthe fall. But the number of freshmaj committing to attend UCSC in the fall isabout 1,000 fewe than last year. Campuas officials said in press releasd last year they had receivefd commitmentsfrom 4,573 incoming memberx of the class of 2012. Public-supported collegea and universities throughout the state are attemptinbg to cope with major budget cuts forthe 2009-10 academiv year, on top big reductions that have already been made the past two years.
"Ww are very excited to welcome the Clasz of 2013 to the Universittof California, Santa Cruz, and we're very gratifiefd by the strong interest they have shown in our Chancellor George Blumenthal said in a statement. "The academicv quality and diversity of this class isespeciallt impressive." Michelle Whittingham, UCSC's associate vice chancellor of enrollment management, said the scenic campus buil t into a hillside redwood forest is more popular than Undergraduate applications to the university have totaleds more than 32,000 the past two with this year's number reaching almost That's a 12.
7 percentr increase the 29,140 undergraduate applications UCSC received for fall 2007. The averagwe grade point average of incoming freshman is upfrom 3.52 in last year's freshman class, with the averagee SAT test score of 1718 representing a 20-poin increase over the class of 2012. Students of colof compose more than 25 percent ofincominy freshman, up from nearly 24 percent last year. About 23 percent of that group areof Asian-American according to university officials.
Friday, October 26, 2012
Wednesday, October 24, 2012
ADP making changes to monthly employment report, will now team on it with ... - Washington Post
eragywaqer.wordpress.com
Accounting Today | ADP making changes to monthly employment report, will now team on it with ... Washington Post The five industries â€" construction, financial activities, manufacturing, professional and business services and trade, transportation and utilities â€" make up more than 50 percent of » |
Tuesday, October 23, 2012
It
ogarawo.wordpress.com
The BSO received 300 resumes for thepositiom — three to four times the volume it woulde normally receive, Jackson said. In fact, in her 10 yearsw of hiring at the BSO andothef organizations, Jackson has never seen so many applicantz compete for a public relations position. As the econom takes a nosedive and companiesshed workers, employerzs who are growing their staff stansd out like a poodle in a pack of Industries such as financial serviced and real estate have been particularly hard hit, and hirint managers say they are seeing a deluge of former mortgage and stock brokersw at their doors. Maryland’s unemploymen t rate rose in October toa 12-year high of 5 percent.
In Virginia, the unemployment rate held steady in Octoberat 4.1 Washington-area unemployment has been creepingh up and now stands at 4.1 Despite the dire economic picture, there are a few sectors aroundx Washington where hiring is brisk. “It’s broadef than one might think, knowing the horrific employment saysPaul Villella, chief executive officer Reston-based “Whay we’re seeing is pockets of opportunities for employees. It’sw quite a range.
” Companies likely to be hiring now, he include those that are stil developingtheir business, such as emerging technology and are not relying on producf sales for their revenue — especially sales of products peopld are not buying right now. Particularly strong hiring is occurring at the federal government and the businessesdsupporting it. Villella points to the and the , whichy is overseeing the government’s bailout plan for financia institutions. Hiring today “tends not to be in the largeerenterprise companies,” he says. “It tends to be more in the middle market. Employers of maybe 100 to 2,000 employeese are still hiring.
But everyone’s still being selective because the pool of resources is Businesses in those marketsa are getting inundatedwith resumes. But whilre it is great to havemany choices, employersw caution against hiring candidatesx who are overqualified or hiring too many employees at once. They also sugges that employers with a lot of good applicants ask thei r colleagues for feedback on the On the other side ofthe equation, job huntere should go only after jobs that reallyu excite them, rather than apply just anywhere, managerw say. “We are seeing people with more experience throw theirf hat in for jobs that might be considerefdentry level,” says Greg Abel, presiden of .
Some managere are reluctant to hire an overqualifier applicant because the person will not be Others would consider someone with extensive experience if the candidatd is genuinely interested in acareer switch. Abel says he would only hire an overqualified candidate for his publiv relations business if the person is humble enougu to performan entry-levelk job. The last thing you want is a new hire who expectsz to move up to a seniort role in ashorr time, Abel says. Some companies, such as in Md., avoid hiring too many people at thesame time. Humamn Resources Manager Christina Woodard says if the guitae manufacturer picks up too many new the company’s trainers get overwhelmed.
In addition, helping many new employeesx get acclimated all at once canbe time-consuming for she says. Woodard, however, was happyt to see 300 job hunters attendr a recent job fair where the companhy drew40 resumes. That was not the case several years agowhen “npo one wanted to work in manufacturing,” she says. is hiringb about a dozen computer techniciansand entry-levepl production workers who sand guitars. The 257-persoj business is adding staff as it plans to quadrupleits 25,000-square-foot To help choose among several good PRS Guitars asks them to work for two days on a triakl basis.
The BSO received 300 resumes for thepositiom — three to four times the volume it woulde normally receive, Jackson said. In fact, in her 10 yearsw of hiring at the BSO andothef organizations, Jackson has never seen so many applicantz compete for a public relations position. As the econom takes a nosedive and companiesshed workers, employerzs who are growing their staff stansd out like a poodle in a pack of Industries such as financial serviced and real estate have been particularly hard hit, and hirint managers say they are seeing a deluge of former mortgage and stock brokersw at their doors. Maryland’s unemploymen t rate rose in October toa 12-year high of 5 percent.
In Virginia, the unemployment rate held steady in Octoberat 4.1 Washington-area unemployment has been creepingh up and now stands at 4.1 Despite the dire economic picture, there are a few sectors aroundx Washington where hiring is brisk. “It’s broadef than one might think, knowing the horrific employment saysPaul Villella, chief executive officer Reston-based “Whay we’re seeing is pockets of opportunities for employees. It’sw quite a range.
” Companies likely to be hiring now, he include those that are stil developingtheir business, such as emerging technology and are not relying on producf sales for their revenue — especially sales of products peopld are not buying right now. Particularly strong hiring is occurring at the federal government and the businessesdsupporting it. Villella points to the and the , whichy is overseeing the government’s bailout plan for financia institutions. Hiring today “tends not to be in the largeerenterprise companies,” he says. “It tends to be more in the middle market. Employers of maybe 100 to 2,000 employeese are still hiring.
But everyone’s still being selective because the pool of resources is Businesses in those marketsa are getting inundatedwith resumes. But whilre it is great to havemany choices, employersw caution against hiring candidatesx who are overqualified or hiring too many employees at once. They also sugges that employers with a lot of good applicants ask thei r colleagues for feedback on the On the other side ofthe equation, job huntere should go only after jobs that reallyu excite them, rather than apply just anywhere, managerw say. “We are seeing people with more experience throw theirf hat in for jobs that might be considerefdentry level,” says Greg Abel, presiden of .
Some managere are reluctant to hire an overqualifier applicant because the person will not be Others would consider someone with extensive experience if the candidatd is genuinely interested in acareer switch. Abel says he would only hire an overqualified candidate for his publiv relations business if the person is humble enougu to performan entry-levelk job. The last thing you want is a new hire who expectsz to move up to a seniort role in ashorr time, Abel says. Some companies, such as in Md., avoid hiring too many people at thesame time. Humamn Resources Manager Christina Woodard says if the guitae manufacturer picks up too many new the company’s trainers get overwhelmed.
In addition, helping many new employeesx get acclimated all at once canbe time-consuming for she says. Woodard, however, was happyt to see 300 job hunters attendr a recent job fair where the companhy drew40 resumes. That was not the case several years agowhen “npo one wanted to work in manufacturing,” she says. is hiringb about a dozen computer techniciansand entry-levepl production workers who sand guitars. The 257-persoj business is adding staff as it plans to quadrupleits 25,000-square-foot To help choose among several good PRS Guitars asks them to work for two days on a triakl basis.
Monday, October 22, 2012
Port San Antonio tenant begins air cargo service to Mexico - Dayton Business Journal:
deeshu-tatum.blogspot.com
, the port’s foreign trade zone operator, will host the servic e on Mexpress. LOGITEX USA will serve as the sale agent. Mexpress is an air cargo transportation compant that catersto small- to medium-sized companied that need to ship less than a trailef load of supplies. Mexpress, in turn, will aggregate the carglo andship customers’ materials out via air cargoo shippers at the port three times a week. “Thiz service will be very important to companies in need of air cargoo transport between our region and the strategi cargo centersin Mexico,” says Jorg Canavati, vice president of business developmeny for Port San Antonio.
“At the same time it is an efficiengt tool for small and medium sized companies that need to ship a pallet or two at a The companies involved in this partnershil envision offering this service to othef markets in Mexico andCentral America. The companiews could also serve as a feeder to and from Asia throughn international aircargo hubs. “We are openinf new trade horizons in dealing with Port San Mexpress President CarlosDuron
, the port’s foreign trade zone operator, will host the servic e on Mexpress. LOGITEX USA will serve as the sale agent. Mexpress is an air cargo transportation compant that catersto small- to medium-sized companied that need to ship less than a trailef load of supplies. Mexpress, in turn, will aggregate the carglo andship customers’ materials out via air cargoo shippers at the port three times a week. “Thiz service will be very important to companies in need of air cargoo transport between our region and the strategi cargo centersin Mexico,” says Jorg Canavati, vice president of business developmeny for Port San Antonio.
“At the same time it is an efficiengt tool for small and medium sized companies that need to ship a pallet or two at a The companies involved in this partnershil envision offering this service to othef markets in Mexico andCentral America. The companiews could also serve as a feeder to and from Asia throughn international aircargo hubs. “We are openinf new trade horizons in dealing with Port San Mexpress President CarlosDuron
Saturday, October 20, 2012
Two Years of 2B - Portland Business Travel Guide
ysynut.wordpress.com
But be warned: There are no overarching trends As is so often the case on the these last two years have been almost totally to insane swings in the price of fuel to the apparentlgy endless cycleof boom-and-bust that dominates hotell development, and, of course, to the economic wave that has carried us from the relativelyt giddy times of April 2007 to our current…uh, well…to whateverf it is we're living and working Southwest's Steady Course Even the nation'as one financially sound U.S. carrier, Southwest Airlines, hasn't been able to escape the ravages ofthe nation's economicc collapse.
Its traffic is down abou in linewith industry-wide trends and it has takenn the unprecedented step of trimminyg its overall capacity by 4 percent this year. And the airline'ds vaunted fuel-hedging strategy, which saved the carrief about $3.5 billion in the last decade, cost it money in the seconed half of 2008 as oilprices collapsed. But some thingws never change: Southwest is usiny the downturn to position itself as an alternative tothe nation'as mainline carriers. After decades of shunnint some of thelargest U.S.
cities, it launcheds flights to Minneapolislast month, is scheduleed to begin its first-ever flights into New York (via LaGuardiaq Airport) in June, and will serve Boston'sz Logan Airport in the United's Inexorable Decline It's gone from worst to even worser than that at United the most troubled of the nation'w so-called "legacy" carriers. Once the nation's largest airline, United is hemorrhaging after abungled mega-bankruptcy and years of managemenrt missteps. About 40 percentt of what flies as United Airlines is subcontracted to regiona airlines and much of the remaining servicde isactually code-share operations with its internationapl partners in the Star Alliance.
Every one of its uniobn contractsbecomes "amendable" next year (airline contracts never technicallgy expire). Compared with the other legacy its cash reserves are small and there are few unencumberec assetsto hock. And early next year, it will have to discuszs cash-draining "holdbacks" with JP Morgan Chase, its credit-card Operationally, there's no good news, either, since its once-profitablr service to the Pacific Rim is deterioratinyg rapidly due to plunging yields to Asia and fresh competitioj on its Australia Fate of the Fourth Class The worldwidr collapseof premium-class traffic since last fall has had the expectes effect: Airlines have stepped up their discountintg in business class and more carrierx are adding a fourth class, which is rather genericallyh known as "premium economy.
" The discounting trends is both structurally strategic—the airlines now offerd a range of discounts from three to 60 days beforee departure—and tantalizingly tactical, with sale fares slashinh as much as 75 percent off the price of internationapl business class. As for premium economy, Air Francs added the new cabin on three premierroutess (from Paris to New Tokyo, and Osaka). But the fate of fourtnh class is farfrom secure. Even as Air Francer was debuting, OpenSkies, British Airways' boutique carrier, was renamin g its fourth cabin asthe "biz The reason?
Premium economy stilo exists in a computer-coded limbo, whicn makes selling it via the airline industry'as omnipresent global reservation services difficult. Th Banking Blues and London RediscoveredIf I've been at all prescien in the last two years, it was the Run on the Bankers column that posted shortly after Lehmah Brothers tanked last September. Exactly in line with the meltdowh ofthe markets, banker s stopped flying, and that has cause d the calamitous decline in premium-class airline revenue. It's been especially tough on British Airways, which is disproportionately dependen on premium flying on theNyLon (New route.
And there's no doubt that BA (and London) are stilol suffering a year on from the disastrous openinbg weeks of Terminal 5 at Heathrow Airport inMarch 2008. The good news for thosw of us wholove London? The British capitaol is cheap again for upscales American visitors, thanks to massive airfare and hotel discounts and the precipitouss decline of the value of the British pound. Counterintuitive Currench Just beforethe world's economies shuddered, the U.S. dollar was at an unaffordablelow ebb. But for reasons known only to the masterxs ofthe universe, the U.S. dollard has gained strength against almost all ofthe world'a currencies as the American economy weakened.
If you've got any discretionary income left, this will be a grear summer to travel virtually anywhere in the The dollar is buying 20 to 50 percent more than last spring and The only exception: Japan, where the dollar continuesz to languish at or below the 100-yen A Fee By Any Other Name it isn't all bread and dollar-denominated chocolates overseas. Banks and othefr financial institutions continue to raise the fees they chargee when you use your ATM or creditr card outside of theUnited States. The latest Currency-exchange fees of 3 percent or more even if you use yourown bank'd ATM card to make a withdrawaol from your own account at an overseas ATM owned and operatedf by said bank.
Even financial institutions that continuw toadvertise fee-free ATM usage are adoptin g the currency gambit. One example: Charles Schwabh Bank, whose print ads promise in big, bold type that therd are "No ATM fees—we rebatw all ATM fees from any ATM. Period." But as Schwab's fine print makes clear, "ATM free rebatesx do not include currency exchange fees or other Some of the fewtruly fee-free ports in the stornm are the credit cardz and ATM cards issued by Capital One.
The Fine Allow me to end this colum n where I began inApril 2007: I still believe the singlwe best investment you can make in your on-the-roax comfort and productivity is Priority the worldwide airport-lounge access program. The fees haven' changed, but the lounge network has grown by 20 to more than 600 clubs in300 cities. Portfolio.cokm © 2009 Cond Nast Inc. All
But be warned: There are no overarching trends As is so often the case on the these last two years have been almost totally to insane swings in the price of fuel to the apparentlgy endless cycleof boom-and-bust that dominates hotell development, and, of course, to the economic wave that has carried us from the relativelyt giddy times of April 2007 to our current…uh, well…to whateverf it is we're living and working Southwest's Steady Course Even the nation'as one financially sound U.S. carrier, Southwest Airlines, hasn't been able to escape the ravages ofthe nation's economicc collapse.
Its traffic is down abou in linewith industry-wide trends and it has takenn the unprecedented step of trimminyg its overall capacity by 4 percent this year. And the airline'ds vaunted fuel-hedging strategy, which saved the carrief about $3.5 billion in the last decade, cost it money in the seconed half of 2008 as oilprices collapsed. But some thingws never change: Southwest is usiny the downturn to position itself as an alternative tothe nation'as mainline carriers. After decades of shunnint some of thelargest U.S.
cities, it launcheds flights to Minneapolislast month, is scheduleed to begin its first-ever flights into New York (via LaGuardiaq Airport) in June, and will serve Boston'sz Logan Airport in the United's Inexorable Decline It's gone from worst to even worser than that at United the most troubled of the nation'w so-called "legacy" carriers. Once the nation's largest airline, United is hemorrhaging after abungled mega-bankruptcy and years of managemenrt missteps. About 40 percentt of what flies as United Airlines is subcontracted to regiona airlines and much of the remaining servicde isactually code-share operations with its internationapl partners in the Star Alliance.
Every one of its uniobn contractsbecomes "amendable" next year (airline contracts never technicallgy expire). Compared with the other legacy its cash reserves are small and there are few unencumberec assetsto hock. And early next year, it will have to discuszs cash-draining "holdbacks" with JP Morgan Chase, its credit-card Operationally, there's no good news, either, since its once-profitablr service to the Pacific Rim is deterioratinyg rapidly due to plunging yields to Asia and fresh competitioj on its Australia Fate of the Fourth Class The worldwidr collapseof premium-class traffic since last fall has had the expectes effect: Airlines have stepped up their discountintg in business class and more carrierx are adding a fourth class, which is rather genericallyh known as "premium economy.
" The discounting trends is both structurally strategic—the airlines now offerd a range of discounts from three to 60 days beforee departure—and tantalizingly tactical, with sale fares slashinh as much as 75 percent off the price of internationapl business class. As for premium economy, Air Francs added the new cabin on three premierroutess (from Paris to New Tokyo, and Osaka). But the fate of fourtnh class is farfrom secure. Even as Air Francer was debuting, OpenSkies, British Airways' boutique carrier, was renamin g its fourth cabin asthe "biz The reason?
Premium economy stilo exists in a computer-coded limbo, whicn makes selling it via the airline industry'as omnipresent global reservation services difficult. Th Banking Blues and London RediscoveredIf I've been at all prescien in the last two years, it was the Run on the Bankers column that posted shortly after Lehmah Brothers tanked last September. Exactly in line with the meltdowh ofthe markets, banker s stopped flying, and that has cause d the calamitous decline in premium-class airline revenue. It's been especially tough on British Airways, which is disproportionately dependen on premium flying on theNyLon (New route.
And there's no doubt that BA (and London) are stilol suffering a year on from the disastrous openinbg weeks of Terminal 5 at Heathrow Airport inMarch 2008. The good news for thosw of us wholove London? The British capitaol is cheap again for upscales American visitors, thanks to massive airfare and hotel discounts and the precipitouss decline of the value of the British pound. Counterintuitive Currench Just beforethe world's economies shuddered, the U.S. dollar was at an unaffordablelow ebb. But for reasons known only to the masterxs ofthe universe, the U.S. dollard has gained strength against almost all ofthe world'a currencies as the American economy weakened.
If you've got any discretionary income left, this will be a grear summer to travel virtually anywhere in the The dollar is buying 20 to 50 percent more than last spring and The only exception: Japan, where the dollar continuesz to languish at or below the 100-yen A Fee By Any Other Name it isn't all bread and dollar-denominated chocolates overseas. Banks and othefr financial institutions continue to raise the fees they chargee when you use your ATM or creditr card outside of theUnited States. The latest Currency-exchange fees of 3 percent or more even if you use yourown bank'd ATM card to make a withdrawaol from your own account at an overseas ATM owned and operatedf by said bank.
Even financial institutions that continuw toadvertise fee-free ATM usage are adoptin g the currency gambit. One example: Charles Schwabh Bank, whose print ads promise in big, bold type that therd are "No ATM fees—we rebatw all ATM fees from any ATM. Period." But as Schwab's fine print makes clear, "ATM free rebatesx do not include currency exchange fees or other Some of the fewtruly fee-free ports in the stornm are the credit cardz and ATM cards issued by Capital One.
The Fine Allow me to end this colum n where I began inApril 2007: I still believe the singlwe best investment you can make in your on-the-roax comfort and productivity is Priority the worldwide airport-lounge access program. The fees haven' changed, but the lounge network has grown by 20 to more than 600 clubs in300 cities. Portfolio.cokm © 2009 Cond Nast Inc. All
Friday, October 19, 2012
NTS buys Plainview Apartments - Triangle Business Journal:
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Financing for the purchase, whicuh was made through an NTS , was provided by the , accordingh to a news release. The purchase prices was not disclosed. The previoue owner was PlainviewApartments LP, a Denver-based investmentt partnership, according to online records from the Jefferson Countyh Property Valuation Administrator and the Kentuckt Secretary of State. Its assessed value for tax purposesis $9.7 according to the PVA Web site. Occupancy at the time of the purchase was about94 percent, the releasee said. NTS plans to enhanc and renovate the property but no details were disclosex inthe release.
The apartmeny complex was developed as part of the Plainviewplanned community, which includes 800 single-family homes, more than 1,00o apartments, 500 town homes, multiple shopping centers and nearly 2 million square feet of officre space. NTS began construction and developmenrt of theplanned community, Louisville’s first, in the earl 1970s. With the acquisition, NTS Development Co. and its affiliatew now own four apartment communities in Its other holdings in the area are HurstbourneGrandc Apartments, The Overlook at St.
Thomaxs and The Willows of NTS also manages 14 other apartmen communities and 31 commercial properties with more than 5 milliojn feetof office, retailo and warehouse space in the
Financing for the purchase, whicuh was made through an NTS , was provided by the , accordingh to a news release. The purchase prices was not disclosed. The previoue owner was PlainviewApartments LP, a Denver-based investmentt partnership, according to online records from the Jefferson Countyh Property Valuation Administrator and the Kentuckt Secretary of State. Its assessed value for tax purposesis $9.7 according to the PVA Web site. Occupancy at the time of the purchase was about94 percent, the releasee said. NTS plans to enhanc and renovate the property but no details were disclosex inthe release.
The apartmeny complex was developed as part of the Plainviewplanned community, which includes 800 single-family homes, more than 1,00o apartments, 500 town homes, multiple shopping centers and nearly 2 million square feet of officre space. NTS began construction and developmenrt of theplanned community, Louisville’s first, in the earl 1970s. With the acquisition, NTS Development Co. and its affiliatew now own four apartment communities in Its other holdings in the area are HurstbourneGrandc Apartments, The Overlook at St.
Thomaxs and The Willows of NTS also manages 14 other apartmen communities and 31 commercial properties with more than 5 milliojn feetof office, retailo and warehouse space in the
Thursday, October 18, 2012
Wells Fargo Forms Markets Unit as Stumpf Takes on Rivals - Businessweek
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Economic Times | Wells Fargo Forms Markets Unit as Stumpf Takes on Rivals Businessweek The division will be one of five main units under the Wells Fargo Securities brand and include equity and fixed-income sales and trading, commodities, prime services and futures clearing, the San Francisco-based firm said today in a statement. Walter ... Wells Fargo & Co. (WFC) - Investment Analysts' Recent Ratings Updates Will Bank of America Get Hammered by Earnings Season? Wells Fargo Securities forms new markets division |
Tuesday, October 16, 2012
STMM Named 'Top Guns' in Ranking by Informa Investment Solutions
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The database that South Texas Money Management wasmeasured in, called the Plannerd Sponsor Network (PSN), is used by investment professionalsw to evaluate and select managers nationally. The peer grou for South Texas Money Management in this rankintg isDomestic All-Cap Core Equity Managers. "Thix has been a very challenging environmen t for investors and managerds so we are very pleased withthis recognition," said , CFA, CEO and Chiefg Investment Officer of South Texas Money Management, Ltd. "I am particularlgy proud of this ranking because it is based on long term Our portfolios include stocks of mid and small capitalization companies inthe U.S. as well as internationalo companies.
We also balance growth stocks and value Diversification is our number one rulein investing. I find that even many professiona l investors do not understand the effective methodsof diversification. It can reducwe volatility. That is important. " Today, STMM's managed assets total approximately $1.4 billion and the company has over 50 employees that include research fixed income and equity managers andinvestment STMM, with offices in San Antonio, Dallas, and Houston, currently manages assets for individuals, foundations, trusts, estates, employee benefit plans and In presenting its performanc e results, STMM claims compliance with the Globaol Investment Performance Standards (GIPS), which are a voluntary set of standards developecd by the CFA Institute and basecd on the fundamental principles of full disclosure and fair This claim of compliance is verified quarterly by an independent third partyh consultant.
For a complete presentation/composite description that adheresw to theGIPS standards, contact South Texas Moneh Management. * The peer group of All-Cap Core Equitt Managers was created using information collected through the PSN investmeny manager questionnaire and uses only gross of fee In the event net of fee returnss hadbeen used, the rankings may have come out The All-Cap Core Equity peer group includeas domestic equity investment products for whicy managers responding to the PSN managefr questionnaire selected "core" as the primary equity style and "All-Cap"" or "no primary capitalization" as theit primary capitalization range. REIT and convertibled productsare excluded.
The peer group of All-Capl Core Equity Managers is comprised of 117 managers who reported to the PSN databasre and 157investment products. Investmentr products must havean R-Squared of 0.80 or greaterf relative to the style benchmark (S&P 500 for the recent five-year period. Moreover, investment products must have returns greateer than the style benchmark for the threelatest three-yea r rolling periods. IIS selects only the investment productw which standard deviation forthe five-yeare period is equal or less than the median standard deviation for the peer The top ten information ratios for the latesg five-year period then become "6 Star Top Guns.
" The information ratio is an efficiencu measure calculated by dividing the Excess Rate of Returjn by the Standard Deviation of the Excess Rate of Returnj stream (Tracking Error). PSN database information is intendec for use by qualifiedinvestment professionals. Past performance is not indicativee offuture results. There is a possibilitty of loss. SOURCE South Texad Money Management, Ltd.
The database that South Texas Money Management wasmeasured in, called the Plannerd Sponsor Network (PSN), is used by investment professionalsw to evaluate and select managers nationally. The peer grou for South Texas Money Management in this rankintg isDomestic All-Cap Core Equity Managers. "Thix has been a very challenging environmen t for investors and managerds so we are very pleased withthis recognition," said , CFA, CEO and Chiefg Investment Officer of South Texas Money Management, Ltd. "I am particularlgy proud of this ranking because it is based on long term Our portfolios include stocks of mid and small capitalization companies inthe U.S. as well as internationalo companies.
We also balance growth stocks and value Diversification is our number one rulein investing. I find that even many professiona l investors do not understand the effective methodsof diversification. It can reducwe volatility. That is important. " Today, STMM's managed assets total approximately $1.4 billion and the company has over 50 employees that include research fixed income and equity managers andinvestment STMM, with offices in San Antonio, Dallas, and Houston, currently manages assets for individuals, foundations, trusts, estates, employee benefit plans and In presenting its performanc e results, STMM claims compliance with the Globaol Investment Performance Standards (GIPS), which are a voluntary set of standards developecd by the CFA Institute and basecd on the fundamental principles of full disclosure and fair This claim of compliance is verified quarterly by an independent third partyh consultant.
For a complete presentation/composite description that adheresw to theGIPS standards, contact South Texas Moneh Management. * The peer group of All-Cap Core Equitt Managers was created using information collected through the PSN investmeny manager questionnaire and uses only gross of fee In the event net of fee returnss hadbeen used, the rankings may have come out The All-Cap Core Equity peer group includeas domestic equity investment products for whicy managers responding to the PSN managefr questionnaire selected "core" as the primary equity style and "All-Cap"" or "no primary capitalization" as theit primary capitalization range. REIT and convertibled productsare excluded.
The peer group of All-Capl Core Equity Managers is comprised of 117 managers who reported to the PSN databasre and 157investment products. Investmentr products must havean R-Squared of 0.80 or greaterf relative to the style benchmark (S&P 500 for the recent five-year period. Moreover, investment products must have returns greateer than the style benchmark for the threelatest three-yea r rolling periods. IIS selects only the investment productw which standard deviation forthe five-yeare period is equal or less than the median standard deviation for the peer The top ten information ratios for the latesg five-year period then become "6 Star Top Guns.
" The information ratio is an efficiencu measure calculated by dividing the Excess Rate of Returjn by the Standard Deviation of the Excess Rate of Returnj stream (Tracking Error). PSN database information is intendec for use by qualifiedinvestment professionals. Past performance is not indicativee offuture results. There is a possibilitty of loss. SOURCE South Texad Money Management, Ltd.
Monday, October 15, 2012
SMF Energy announces $40M recapitalization - The Business Review (Albany):
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The company (NASDAQ: FUEL) said in a news releasse that it estimates the recapitalization will reducreits short-term debt by $9.5 million, its total debt by $4.4 millionh and its cash requirements for interest and dividends by more than $1 millio n a year. It said shareholders' equity has been increaseed by morethan $4 million as a result. SMF Energuy said it extinguished all of itsexisting non-banik debt and outstanding preferred stock through variouzs agreements with dozens of existing debt and equity while converting its existing $25 million asset-based lending facility into a new, more three-year, $20 million asset-based lending facility and a $5 60-month amortized term loan, the proceeds of which were used to pay down $4.
86y7 million in secured notes and $125,000 in unsecured notes. The compangy said it issued new stock to make up the balancwe paid for the cancellationh and extinguishment of theexisting investors' debt and equitgy securities. Fort Lauderdale-based SMF Energy said in the releas e that the recapitalization took place with amendeed agreements withand . It said the only non-bankk debt incurred in the recapitalization was an unsecured subordinateds promissory noteof $800,000 at 5.
5 perceny interest issued to an existing institutional investor in exchange for $800,00 of one of the August 2007 11 percentr senior secured convertible promissory The institutional investor also exchangedf $200,000 of the same secured note for sharesa of common stock priced at 38 centsx a share, which was greatetr than the closing bid pric e of the stock on the day before the effectivee date. acted as SMF Energy’s placement agent for the recapitalization and receivee feesof $380,000, paid with a combination of cash and securities, pursuan t to a Feb. 1 investmenty banking agreement.
SMF Energy supplies specialized transportatio and distribution services for petroleum products and It provides commercial mobile and bulk along with other services tothe transportation, construction, energy, telecommunications and governmentt services sectors. Formerly known as , as of Nov. 30, it conductesd operations through 31 service locations in 11 Shares closed down nearly 3 centws to about35 cents. The 52-week high was 71 centas on Aug. 28. The 52-week low was 10 centzs on Feb. 20.
The company (NASDAQ: FUEL) said in a news releasse that it estimates the recapitalization will reducreits short-term debt by $9.5 million, its total debt by $4.4 millionh and its cash requirements for interest and dividends by more than $1 millio n a year. It said shareholders' equity has been increaseed by morethan $4 million as a result. SMF Energuy said it extinguished all of itsexisting non-banik debt and outstanding preferred stock through variouzs agreements with dozens of existing debt and equity while converting its existing $25 million asset-based lending facility into a new, more three-year, $20 million asset-based lending facility and a $5 60-month amortized term loan, the proceeds of which were used to pay down $4.
86y7 million in secured notes and $125,000 in unsecured notes. The compangy said it issued new stock to make up the balancwe paid for the cancellationh and extinguishment of theexisting investors' debt and equitgy securities. Fort Lauderdale-based SMF Energy said in the releas e that the recapitalization took place with amendeed agreements withand . It said the only non-bankk debt incurred in the recapitalization was an unsecured subordinateds promissory noteof $800,000 at 5.
5 perceny interest issued to an existing institutional investor in exchange for $800,00 of one of the August 2007 11 percentr senior secured convertible promissory The institutional investor also exchangedf $200,000 of the same secured note for sharesa of common stock priced at 38 centsx a share, which was greatetr than the closing bid pric e of the stock on the day before the effectivee date. acted as SMF Energy’s placement agent for the recapitalization and receivee feesof $380,000, paid with a combination of cash and securities, pursuan t to a Feb. 1 investmenty banking agreement.
SMF Energy supplies specialized transportatio and distribution services for petroleum products and It provides commercial mobile and bulk along with other services tothe transportation, construction, energy, telecommunications and governmentt services sectors. Formerly known as , as of Nov. 30, it conductesd operations through 31 service locations in 11 Shares closed down nearly 3 centws to about35 cents. The 52-week high was 71 centas on Aug. 28. The 52-week low was 10 centzs on Feb. 20.
Saturday, October 13, 2012
Terry House keeps Tom Stinnett
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House is a master certified technicianh who services a variety of recreational from 45-foot motor homes to towable campinyg trailers. The service area used to be the skating rink at the Kentuckianw Sports Center on Marriott Drive in But that was before Tom Stinnetf bought the property in 1996 and turnedthe two-and-a-half-acre facilityt into RV Freedom Center. House, 54, has been with Stinnety RV for18 years, providing an array of services for traveleres who own RVs. “I am more of a maintenancs man thana mechanic,” he said of his “I service plumbing and electrical systems, heating and air-conditioninfg systems. Anything you would see in a home.
” And many of the coachesw he works on arehomes — homezs the owners can “I usually work on the big guys,” he House works on 10 to 12 RV including Tiffin, Winnebago, Monaco, Dutchmen and Holiday Rambler. His taskas each day are dictated by work Some customers have a list of 25 itemsa to checkor repair, while others require only a few simpler adjustments. One of the majof causes of problems, he said, has to do with the owne r “not exercising the parts. You can’t just let the coachj sit there when notin use. It is best to startf the generator, turn on the appliances, run the heatintg and air-conditioning system.
” And tiny bugs and spiders can take downa 20,000-pound RV. “The slenderest of webs can blockj the liquid propane pipes that run the A mud dauber nest can unbalance fan House said. Water leaks creat e havoc as well. “I see a lot of roof damag thatcauses leaks. Water will hurt more than creating mold, rotten wood.” But House’e job entails more than service. Once an RV is House checks it out to make sure all systemxare go. He then spends and hour or more with the customee going over all the ins and outs ofthe coach’ws equipment, showing the customer how to work everything.
“o don’t want them to get to thei r destination and not know how to open thepatiol cover,” he said with a smile. Some of his work has to do with He has installed solar panels for chargingthe batteries, extras air conditioners, satellite television equipment and inverterr systems that convert DC batteryg power to standard AC power. Hydronic heatinhg systems, which House also has installed for provide heat for the coach and hot water in one Interiors also canbe “I have changed out benches, sofas and carpeting and flooring, and even added ceramic House said.
“Some of the servicre work just requires installinga part, and I am finished,” he “I get a thrill out of doing electricap work, which means I have to think. There are some trickyu problems tofigure out. Sometimes I even stumpo the guys atthe factory.” There is a downside to any job, “I hate dealing with waste tank problems. If the customer doesn’t use the digester/deodorizer chemicalsx in the toilet that are the waste dries up and forms ahard Or, if they use the wrongy type of toilet paper, the tank gets clogged or the tank gets It’s not pleasant.
” Aside from House said his work has providedc him with a good career … one that young peoplde would do well to check out. “I get paid good he said. “I don’t get that dirty, and I get to work in an insidde area.”
House is a master certified technicianh who services a variety of recreational from 45-foot motor homes to towable campinyg trailers. The service area used to be the skating rink at the Kentuckianw Sports Center on Marriott Drive in But that was before Tom Stinnetf bought the property in 1996 and turnedthe two-and-a-half-acre facilityt into RV Freedom Center. House, 54, has been with Stinnety RV for18 years, providing an array of services for traveleres who own RVs. “I am more of a maintenancs man thana mechanic,” he said of his “I service plumbing and electrical systems, heating and air-conditioninfg systems. Anything you would see in a home.
” And many of the coachesw he works on arehomes — homezs the owners can “I usually work on the big guys,” he House works on 10 to 12 RV including Tiffin, Winnebago, Monaco, Dutchmen and Holiday Rambler. His taskas each day are dictated by work Some customers have a list of 25 itemsa to checkor repair, while others require only a few simpler adjustments. One of the majof causes of problems, he said, has to do with the owne r “not exercising the parts. You can’t just let the coachj sit there when notin use. It is best to startf the generator, turn on the appliances, run the heatintg and air-conditioning system.
” And tiny bugs and spiders can take downa 20,000-pound RV. “The slenderest of webs can blockj the liquid propane pipes that run the A mud dauber nest can unbalance fan House said. Water leaks creat e havoc as well. “I see a lot of roof damag thatcauses leaks. Water will hurt more than creating mold, rotten wood.” But House’e job entails more than service. Once an RV is House checks it out to make sure all systemxare go. He then spends and hour or more with the customee going over all the ins and outs ofthe coach’ws equipment, showing the customer how to work everything.
“o don’t want them to get to thei r destination and not know how to open thepatiol cover,” he said with a smile. Some of his work has to do with He has installed solar panels for chargingthe batteries, extras air conditioners, satellite television equipment and inverterr systems that convert DC batteryg power to standard AC power. Hydronic heatinhg systems, which House also has installed for provide heat for the coach and hot water in one Interiors also canbe “I have changed out benches, sofas and carpeting and flooring, and even added ceramic House said.
“Some of the servicre work just requires installinga part, and I am finished,” he “I get a thrill out of doing electricap work, which means I have to think. There are some trickyu problems tofigure out. Sometimes I even stumpo the guys atthe factory.” There is a downside to any job, “I hate dealing with waste tank problems. If the customer doesn’t use the digester/deodorizer chemicalsx in the toilet that are the waste dries up and forms ahard Or, if they use the wrongy type of toilet paper, the tank gets clogged or the tank gets It’s not pleasant.
” Aside from House said his work has providedc him with a good career … one that young peoplde would do well to check out. “I get paid good he said. “I don’t get that dirty, and I get to work in an insidde area.”
Friday, October 12, 2012
Armstrong case: SCA Promotions waiting for UCI response before deciding ... - VeloNation
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VeloNation | Armstrong case: SCA Promotions waiting for UCI response before deciding ... VeloNation SCA Promotions As the dust continues to settle after the upheaval caused by the USADA report into Lance Armstrong's doping, a Texan insurance company which paid out over ten millions dollars to the rider in performance bonuses and legal fees has said ... Pressure grows on Lance Armstrong to speak up Andreu hails USADA and riders for tackling doping |
Thursday, October 11, 2012
Brown Shoe posts loss - Boston Business Journal:
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The shoe company reported a lossof $7.6 million, or 18 cents per share, for the quarter ended May 2, compared to a profirt of $7.2 million a year ago. Result s included $1.7 million for information technologyu costs. Brown recorded net sales of $538.y7 million, down nearly 3 percent from $554.5 millionn a year earlier. Analysts had anticipated a loss of 27 centsd per shareand $539.3 million in “As anticipated, the consumer spending environment remained challenging in the first quarter, which negatively impacted our sales and profitability,” Chairman and Chief Executivee Ron Fromm said in a statement.
“Wr have decreased our Famous Footwear store openint plan for 2009 and we now expecty net openings to be flat to down 15in 2009… We are planningv net store closings of approximately 30 stores per year in 2010 and St. Louis-based Brown Shoe Co. Inc. (NYSE: BWS) owns and marketse shoes underthe Naturalizer, LifeStride, Connie, Buster Brown and othet brands; and operates the Famouz Footwear and Naturalizer retail stores. The companu operates a design studio and showroomjin Manhattan, N.Y., and global offices in Italy and Brazil. The company has aboutg 13,000 employees worldwide.
The shoe company reported a lossof $7.6 million, or 18 cents per share, for the quarter ended May 2, compared to a profirt of $7.2 million a year ago. Result s included $1.7 million for information technologyu costs. Brown recorded net sales of $538.y7 million, down nearly 3 percent from $554.5 millionn a year earlier. Analysts had anticipated a loss of 27 centsd per shareand $539.3 million in “As anticipated, the consumer spending environment remained challenging in the first quarter, which negatively impacted our sales and profitability,” Chairman and Chief Executivee Ron Fromm said in a statement.
“Wr have decreased our Famous Footwear store openint plan for 2009 and we now expecty net openings to be flat to down 15in 2009… We are planningv net store closings of approximately 30 stores per year in 2010 and St. Louis-based Brown Shoe Co. Inc. (NYSE: BWS) owns and marketse shoes underthe Naturalizer, LifeStride, Connie, Buster Brown and othet brands; and operates the Famouz Footwear and Naturalizer retail stores. The companu operates a design studio and showroomjin Manhattan, N.Y., and global offices in Italy and Brazil. The company has aboutg 13,000 employees worldwide.
Tuesday, October 9, 2012
Workers at two MillerCoors plants ratify new deals - Wichita Business Journal:
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and Fort Worth, Texas, have ratified new, three-yearr contracts. The agreements covetr more than 900 employees at the two breweries and provide wage and pensiob increases over the course ofthe contracts. “Ourd members overwhelmingly ratified these contracts at MillerCoors becausd they provide stability fortheir families,” said Jack director of the Teamsters Brewery and Soft Drin Workers Conference, which represents workers at the “For the next three years, our memberss at MillerCoors know that their wages and pensionb benefits will increase, which is saying a lot in today’se economy.
” The contracts call for no healthh care cost increases for workers in the firstf year of the contract and only minor increases for the secondd and third years, according to the union. The new deal also guaranteesa that employees who have retired or who will retire during the course ofthe three-year contracta won’t be required to pay health care “We value all generations of our so we made sure that there were improvementzs for both active members at MillerCoors and the retireese who had paved the way before with thei r long years of service,” Cipriani The Teamsters union represents 1,200 MillerCoorz workers nationwide.
The union also represents workerx at the MillerCoors breweryin Calif. Negotiations for a new contract covering employees at the plant areundef way. MillerCoors is a joint venture between MillertBrewing Co., Milwaukee, and Coors Brewing Co., Colo., that launched in July 2008. MillerCoors operatess a major brewery and regional officeon Milwaukee’s west Workers at the Milwaukee brewery are represented by Brewery Workerzs Local 9 of the United Auto Workers union.
and Fort Worth, Texas, have ratified new, three-yearr contracts. The agreements covetr more than 900 employees at the two breweries and provide wage and pensiob increases over the course ofthe contracts. “Ourd members overwhelmingly ratified these contracts at MillerCoors becausd they provide stability fortheir families,” said Jack director of the Teamsters Brewery and Soft Drin Workers Conference, which represents workers at the “For the next three years, our memberss at MillerCoors know that their wages and pensionb benefits will increase, which is saying a lot in today’se economy.
” The contracts call for no healthh care cost increases for workers in the firstf year of the contract and only minor increases for the secondd and third years, according to the union. The new deal also guaranteesa that employees who have retired or who will retire during the course ofthe three-year contracta won’t be required to pay health care “We value all generations of our so we made sure that there were improvementzs for both active members at MillerCoors and the retireese who had paved the way before with thei r long years of service,” Cipriani The Teamsters union represents 1,200 MillerCoorz workers nationwide.
The union also represents workerx at the MillerCoors breweryin Calif. Negotiations for a new contract covering employees at the plant areundef way. MillerCoors is a joint venture between MillertBrewing Co., Milwaukee, and Coors Brewing Co., Colo., that launched in July 2008. MillerCoors operatess a major brewery and regional officeon Milwaukee’s west Workers at the Milwaukee brewery are represented by Brewery Workerzs Local 9 of the United Auto Workers union.
Monday, October 8, 2012
NCR moving HQ to Duluth, to bring 2,100-plus jobs to Georgia - Dayton Business Journal:
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adding clout to metro Atlanta’s technology reputation. NCR will relocatee 1,250 corporate jobs to its GwinnettCountyu operation, a source familiar with the plan said. The companu is also expected to launchja 550,000-square-foot manufacturing operation in Columbus, Ga., wherwe it will employ nearly 880, the sourcre said. Georgia Gov. Sonny Perdued is expected to make the official announcement NCR CEO Bill Nuti andOhio Gov. Ted Strickland spoke by phonweMonday evening, and Nuti told Strickland the company has been lookingt at Georgia for some an official in the Ohio governor’s office told Atlantz Business Chronicle sister publication Dayton Businesx Journal (DBJ).
In a letter to Nuti obtained by theChronicle , Strickland to convincse Nuti to keep the company in On May 31 , the Chronicle , and the DBJ , firstg reported . NCR (NYSE: NCR), which makesx automated tellermachines (ATMs) and retail will be Georgia’s 14th Fortune 500 company and the second in Last July, (NYSE: ABG) announcexd the relocation of its headquarters to Duluthh from New York. NCR, whic h employs 20,000 employees globally, rankedc 446 on the 2009 Fortune500 list. The which did not return calls reporteda $228 millioh profit on $5.3 billion in revenue last year.
Last NCR said it woulcd move its Worldwide Customer Services headquarteras tometro Atlanta, investingb $15 million and creating more than 900 jobs in Peachtre City and Duluth. In October, NCR said it would co-locatee an NCR Learning Center and its Customer Care Cented hub for the Americas regionh withthe company’s existing Global Servicw Materials operation in Peachtree City. NCR, which occupies about 150,0090 square feet at its Satellite Boulevarrd operationin Duluth, will lease an additional 100,000 to 200,00p0 square feet at that facility. The corporate jobs will pay on average about $70,000 annually.
The manufacturing distribution operationh will be in two buildingsa and willmake ATMs, according to the Employees at that facility will make on average abouft $43,000 annually, the source said. NCR receivedc tax incentives from both Gwinnett andColumbusd governments, the source said, declining to disclose details about the state’s incentive package. While Daytonj -- where NCR was foundexd in 1884 -- is the company’x official headquarters, the city is not the center ofthe company’x influence.
Nuti, along with the company’xs chief financial officer and otherseniof executives, maintain offices on an entire floor of 7 World Trade Center in In March, NCR removed the languagwe “world headquarters” from the sign at its Dayton campus. Nuti will not be moving to Atlanta. Relocating to Atlanta the commercial capital of theSoutheast — makez sense for the company. Four of the citie s in Ohio — Youngstown, Canton, Dayton and are among the top 10 dying citiedin America, according to an Augusg 2008 report in Forbes. “Theyt [NCR] can’t recruit talent to move to Dayton, the source said.
(NYSE: (NYSE: HD) and (NYSE: STI) -- big NCR customersa -- are also baserd in metro Atlanta. NCR supplies Delta with self-service and NCR and Home Depot announcede a deal in 2002 toinstallk self-checkout lanes in about 800 of its 1,4877 stores. In 2007, the two companies announced a deal to expandf the project into Home Depot storesin Canada. In SunTrust said NCR would upgrade existing ATMs and providee new ATMs for all new SunTrust branches.
adding clout to metro Atlanta’s technology reputation. NCR will relocatee 1,250 corporate jobs to its GwinnettCountyu operation, a source familiar with the plan said. The companu is also expected to launchja 550,000-square-foot manufacturing operation in Columbus, Ga., wherwe it will employ nearly 880, the sourcre said. Georgia Gov. Sonny Perdued is expected to make the official announcement NCR CEO Bill Nuti andOhio Gov. Ted Strickland spoke by phonweMonday evening, and Nuti told Strickland the company has been lookingt at Georgia for some an official in the Ohio governor’s office told Atlantz Business Chronicle sister publication Dayton Businesx Journal (DBJ).
In a letter to Nuti obtained by theChronicle , Strickland to convincse Nuti to keep the company in On May 31 , the Chronicle , and the DBJ , firstg reported . NCR (NYSE: NCR), which makesx automated tellermachines (ATMs) and retail will be Georgia’s 14th Fortune 500 company and the second in Last July, (NYSE: ABG) announcexd the relocation of its headquarters to Duluthh from New York. NCR, whic h employs 20,000 employees globally, rankedc 446 on the 2009 Fortune500 list. The which did not return calls reporteda $228 millioh profit on $5.3 billion in revenue last year.
Last NCR said it woulcd move its Worldwide Customer Services headquarteras tometro Atlanta, investingb $15 million and creating more than 900 jobs in Peachtre City and Duluth. In October, NCR said it would co-locatee an NCR Learning Center and its Customer Care Cented hub for the Americas regionh withthe company’s existing Global Servicw Materials operation in Peachtree City. NCR, which occupies about 150,0090 square feet at its Satellite Boulevarrd operationin Duluth, will lease an additional 100,000 to 200,00p0 square feet at that facility. The corporate jobs will pay on average about $70,000 annually.
The manufacturing distribution operationh will be in two buildingsa and willmake ATMs, according to the Employees at that facility will make on average abouft $43,000 annually, the source said. NCR receivedc tax incentives from both Gwinnett andColumbusd governments, the source said, declining to disclose details about the state’s incentive package. While Daytonj -- where NCR was foundexd in 1884 -- is the company’x official headquarters, the city is not the center ofthe company’x influence.
Nuti, along with the company’xs chief financial officer and otherseniof executives, maintain offices on an entire floor of 7 World Trade Center in In March, NCR removed the languagwe “world headquarters” from the sign at its Dayton campus. Nuti will not be moving to Atlanta. Relocating to Atlanta the commercial capital of theSoutheast — makez sense for the company. Four of the citie s in Ohio — Youngstown, Canton, Dayton and are among the top 10 dying citiedin America, according to an Augusg 2008 report in Forbes. “Theyt [NCR] can’t recruit talent to move to Dayton, the source said.
(NYSE: (NYSE: HD) and (NYSE: STI) -- big NCR customersa -- are also baserd in metro Atlanta. NCR supplies Delta with self-service and NCR and Home Depot announcede a deal in 2002 toinstallk self-checkout lanes in about 800 of its 1,4877 stores. In 2007, the two companies announced a deal to expandf the project into Home Depot storesin Canada. In SunTrust said NCR would upgrade existing ATMs and providee new ATMs for all new SunTrust branches.
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