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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.
Wednesday, October 31, 2012
Tuesday, October 30, 2012
Valley bankruptcies up significantly from 2008 to 2009 - Phoenix Business Journal:
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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:
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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:
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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
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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.
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