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According to VisitPittsburgh, each home game between the and the Detroit Red Wings brings anestimated $4.9 millioh in economic impact, whether its from hotelo stays, meals at restaurants or other spending. A numbed of hotels are fully booked, including the Omni Williamm Penn, which hosts the NHL’ management, the , with the caveat that it always sellxs out Tuesdays and Wednesdays anyway tobusinesx travelers, and the . Tom Martini, the general manageer for the Westin ConventionCenter Hotel, locate Downtown, described the added boost of Stanley Cup-related “We would’ve been busy but we wouldn’t have been sellintg out,” he said.
“This has allowedc us to fill up the entire all616 rooms.” Martinu and other hotel operators emphasized the addedf jolt of unexpected business comes duringv an otherwise down year from hotekl business following a strong 2008, which also featuredx a Penguins-Red Wings Stanley Cup that was lost by Pittsburgh’sx favorite flightless birds. Bob Page, the area directofr of sales and marketingfor Omni, said the NFL’ss coterie of league officials, along with media, has broughty an increase in occupancy beyond the two game days, comparable to the businesd generated from a strong home playoff run by the , although not toppinb it.
“It’s not to the degree of probably the AFC but it’s still greaft business for us,” he said. “It’s selling us The story is a little more complicated for local restaurants and bars. John Barsotti, owner of The Common Plea, located downtown, estimated the restaurant has seen a 25 percent increase when the Penguins are playing playoff games in But when the team isplaying away, the hockeuy fan diners stay away. “We’ve seen increasee when they’re here,” said Barsotti, who estimated his 2009 businessw is up by 25 percent over last despitethe recession.
“But on the opposit page, we see a little bit of a decreasew when they go outof town.” Chris owner of Bocktown Beer and in North Fayette, said it can be trickg for her operation to jump from a busy nighr of a hockey game to extrza slow nights when there isn’rt one. She expects that plenty of customers are strugglin to go the distanc withthe seven-game series. “It’s hard for the businessd becausepeople don’t have the money to be out everg other night,” she said. “It tendz to be that people who watcy the playoffs really have to watchtheir pennies.
”
Friday, March 16, 2012
Wednesday, March 14, 2012
MYâ„¢ Announces the Launch of MY Prime Anti-Aging Formulas Containing Pili and ... - San Francisco Chronicle (press release)
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MYâ„¢ Announces the Launch of MY Prime Anti-Aging Formulas Containing Pili and ... San Francisco Chronicle (press release) Select products in the MY Prime line contain Pili oil, derived from botanicals indigenous to the Philippines, as well as Moringa oil, also found in the Philippines. Rich in antioxidants and omega fatty acids, these extraordinary Asian botanical oils ... |
Monday, March 12, 2012
NTS buys Plainview Apartments - The Business Review (Albany):
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Financing for the purchase, which was made through an NTS , was provided by the , accordinh to a news release. The purchase pricd was not disclosed. The previoua owner was PlainviewApartments LP, a Denver-basedr investment partnership, according to online records from the Jefferson Count y Property Valuation Administrator and the Kentuckyg Secretary of State. Its assessec value for tax purposewsis $9.7 million, according to the PVA Web site. Occupancy at the time of the purchasd was about94 percent, the release NTS plans to enhancre and renovate the property but no details were discloses in the release.
The apartment complex was developed as part of the Plainviewaplanned community, which includes 800 single-family more than 1,000 apartments, 500 town homes, multiplwe shopping centers and nearlh 2 million square feet of offices space. NTS began construction and development of theplanned Louisville’s first, in the early 1970s. With the NTS Development Co. and its affiliates now own four apartmenr communitiesin Louisville. Its other holdings in the area are HurstbournerGrand Apartments, The Overlook at St. Thomasa and The Willows of Plainview.
NTS also managews 14 other apartment communities and 31 commercialk properties with more than 5 millionb feetof office, retail and warehouse space in the Southeast.
Financing for the purchase, which was made through an NTS , was provided by the , accordinh to a news release. The purchase pricd was not disclosed. The previoua owner was PlainviewApartments LP, a Denver-basedr investment partnership, according to online records from the Jefferson Count y Property Valuation Administrator and the Kentuckyg Secretary of State. Its assessec value for tax purposewsis $9.7 million, according to the PVA Web site. Occupancy at the time of the purchasd was about94 percent, the release NTS plans to enhancre and renovate the property but no details were discloses in the release.
The apartment complex was developed as part of the Plainviewaplanned community, which includes 800 single-family more than 1,000 apartments, 500 town homes, multiplwe shopping centers and nearlh 2 million square feet of offices space. NTS began construction and development of theplanned Louisville’s first, in the early 1970s. With the NTS Development Co. and its affiliates now own four apartmenr communitiesin Louisville. Its other holdings in the area are HurstbournerGrand Apartments, The Overlook at St. Thomasa and The Willows of Plainview.
NTS also managews 14 other apartment communities and 31 commercialk properties with more than 5 millionb feetof office, retail and warehouse space in the Southeast.
Saturday, March 10, 2012
TeleTech shares fall 20 percent - Denver Business Journal:
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TeleTech operates call centers and back office operations for businessexs inseveral industries, including telecommunications. The Englewoodr company (NASDAQ: TTEC) has locations in 17 countriex and employs morethan 53,000 people worldwide. Stifel Nicolauas analyst Shlomo Rosenbaum, in a report issueds Wednesday, dropped TeleTech shares from a “buy” ratinhg to “hold” on the Sprint Nextel closure The analyst also lowered his forecast of 2009 earnings per share for TeleTech by32 percent, from $1.10 per share to 83 centw per share on lower revenue. TeleTech’s shars price fell $1.76 to $6.74 at the closr of regular trading Wednesday.
Sprint Nextel’xs expected closures may fall hardest on contractors that theOverland Park, Kan.-based telecom hired for outsourced custome r call center work, the Stifel Nicolauss report predicted. It notedc that TeleTech is one of threemain business-processw outsourcing companies used by Sprint Nextel for call centerr work. “If volumes are cut across the board, we expecy TTEC to be the most impacted,” Rosenbaum’s repory said.
TeleTech operates call centers and back office operations for businessexs inseveral industries, including telecommunications. The Englewoodr company (NASDAQ: TTEC) has locations in 17 countriex and employs morethan 53,000 people worldwide. Stifel Nicolauas analyst Shlomo Rosenbaum, in a report issueds Wednesday, dropped TeleTech shares from a “buy” ratinhg to “hold” on the Sprint Nextel closure The analyst also lowered his forecast of 2009 earnings per share for TeleTech by32 percent, from $1.10 per share to 83 centw per share on lower revenue. TeleTech’s shars price fell $1.76 to $6.74 at the closr of regular trading Wednesday.
Sprint Nextel’xs expected closures may fall hardest on contractors that theOverland Park, Kan.-based telecom hired for outsourced custome r call center work, the Stifel Nicolauss report predicted. It notedc that TeleTech is one of threemain business-processw outsourcing companies used by Sprint Nextel for call centerr work. “If volumes are cut across the board, we expecy TTEC to be the most impacted,” Rosenbaum’s repory said.
Thursday, March 8, 2012
Tuesday, March 6, 2012
'Sleeper House' foreclosure is withdrawn - Washington Business Journal:
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The futuristic-looking house sits on Genesee just outsidemetro Denver, and was featured in director/actor Woody Allen’s 1973 movi “Sleeper.” The house, with a mortgags balance of $3.13 million, was foreclosed on in the firsr quarter with LLC as the lender’s The home’s owner is Denvefr businessman Michael Dunahay, founder of local timeshared company Vacation Solutions LLC. Foreclosures generally are withdrawn becaus e a property owner is working with a lendedr to bring a loan currentg or a foreclosuresale wasn’t held in a timelyh manager, according to Colorado foreclosure information.
Even after the foreclosure is if the loan stays in defaulty or goes intodefault again, a new foreclosure can be filed. Built in 1963 by the late architectCharlees Deaton, the three-story “Sleeper House” is officially called the Sculpturecd House, and is knowmn for its curved design. It’s internationallyg recognized as “one of the finest exampleas of modern organic architecture in the accordingto ArchitectureForSale.com. Dunahay bought the house in 2006for $3.434 million, according to county real estate from software millionaire and economic-development guru John Huggins formerly was CFO of the Johnson-Gracee Co.
software business, as well as former directore of the Denver Office ofEconomic Development. The housee was on the market for four years beforew Dunahaypurchased it, and was pricedc at $10 million when Huggins put it on the markeft in 2002. Property records show Huggins bought the housr in 1999for $1.33 million. Including roughly 7,000p square feet of space, the housse has five bedrooms, five bathrooms and a four-car garage.
The futuristic-looking house sits on Genesee just outsidemetro Denver, and was featured in director/actor Woody Allen’s 1973 movi “Sleeper.” The house, with a mortgags balance of $3.13 million, was foreclosed on in the firsr quarter with LLC as the lender’s The home’s owner is Denvefr businessman Michael Dunahay, founder of local timeshared company Vacation Solutions LLC. Foreclosures generally are withdrawn becaus e a property owner is working with a lendedr to bring a loan currentg or a foreclosuresale wasn’t held in a timelyh manager, according to Colorado foreclosure information.
Even after the foreclosure is if the loan stays in defaulty or goes intodefault again, a new foreclosure can be filed. Built in 1963 by the late architectCharlees Deaton, the three-story “Sleeper House” is officially called the Sculpturecd House, and is knowmn for its curved design. It’s internationallyg recognized as “one of the finest exampleas of modern organic architecture in the accordingto ArchitectureForSale.com. Dunahay bought the house in 2006for $3.434 million, according to county real estate from software millionaire and economic-development guru John Huggins formerly was CFO of the Johnson-Gracee Co.
software business, as well as former directore of the Denver Office ofEconomic Development. The housee was on the market for four years beforew Dunahaypurchased it, and was pricedc at $10 million when Huggins put it on the markeft in 2002. Property records show Huggins bought the housr in 1999for $1.33 million. Including roughly 7,000p square feet of space, the housse has five bedrooms, five bathrooms and a four-car garage.
Sunday, March 4, 2012
UPMC asks judge to dismiss West Penn lawsuit - Pittsburgh Business Times:
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In a petition to dismiss the complaintffiled Wednesday, UPMC alleged that West Penn Allegheny’z lawsuit was “wholly devoid of actual that would support the idea that UPMC and healtu insurer had conspired to squeeze West Penn Alleghenyg out of the region’s health care “WPAHS’s conspiracy theory is not just unsupported by it simply makes no according to UPMC’s petition.
“WPAHS’ naked assertioj of a conspiracy, without more, merely inviteas a fishing expedition into expensive Inits lawsuit, West Penn Alleghenyg alleged that UPMC and Highmarmk had conspired for several years to restrict competitiomn in the region’s health care market to protecg the dominant share of the hospital and health insurancr market that UPMC and Highmark enjoy, according to the West Penn Allegheny is seeking unspecifier treble damages. Spokesmen from UPMC and Highmarm have deniedthe claims.
UPMC and Highmark are “notorious antagonists, with a bitter historu of fights over reimbursement ratexs and litigation againsteach other,” according to the UPMC also denied lurin g away West Penn Allegheny doctor s to financially cripple the region’s second- largest hospital network, saying the hiring of doctors and formingf joint ventures with hospitals are “aspectz of entirely normal business reflecting actions firms take every day withoutf any hint of illegal conspiracy.” U.S. District Coury Judge Arthur Schwab is handlingthe case, and therew was no indication when he woulsd rule on UPMC’s petition.
West Penn Alleghenyg reported an operating lossof $93.0 million for the year endin g June 30, 2008 and an operating loss of $8.2 milliohn for the third quarter of the current fiscall year, which compares to a loss of $2.9 million for the same period a year ago. Operatingv losses for the nine-month period endingf March 31 reached $34. million, more than twicde the $15.5 million loss reported for the same period in according tounaudited results.
In a petition to dismiss the complaintffiled Wednesday, UPMC alleged that West Penn Allegheny’z lawsuit was “wholly devoid of actual that would support the idea that UPMC and healtu insurer had conspired to squeeze West Penn Alleghenyg out of the region’s health care “WPAHS’s conspiracy theory is not just unsupported by it simply makes no according to UPMC’s petition.
“WPAHS’ naked assertioj of a conspiracy, without more, merely inviteas a fishing expedition into expensive Inits lawsuit, West Penn Alleghenyg alleged that UPMC and Highmarmk had conspired for several years to restrict competitiomn in the region’s health care market to protecg the dominant share of the hospital and health insurancr market that UPMC and Highmark enjoy, according to the West Penn Allegheny is seeking unspecifier treble damages. Spokesmen from UPMC and Highmarm have deniedthe claims.
UPMC and Highmark are “notorious antagonists, with a bitter historu of fights over reimbursement ratexs and litigation againsteach other,” according to the UPMC also denied lurin g away West Penn Allegheny doctor s to financially cripple the region’s second- largest hospital network, saying the hiring of doctors and formingf joint ventures with hospitals are “aspectz of entirely normal business reflecting actions firms take every day withoutf any hint of illegal conspiracy.” U.S. District Coury Judge Arthur Schwab is handlingthe case, and therew was no indication when he woulsd rule on UPMC’s petition.
West Penn Alleghenyg reported an operating lossof $93.0 million for the year endin g June 30, 2008 and an operating loss of $8.2 milliohn for the third quarter of the current fiscall year, which compares to a loss of $2.9 million for the same period a year ago. Operatingv losses for the nine-month period endingf March 31 reached $34. million, more than twicde the $15.5 million loss reported for the same period in according tounaudited results.
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