Out on the lawn there arose such a clatter...but it wasn't St. Nick Your Houston News A Pasadena resident had a Christmas morning scare when she looked outside at about 1 am to find two strange men in her backyard. Just after 1 am Christmas morning, Pasadena police received a report of criminal tresspass and suspicious circumstance at ... |
Saturday, December 31, 2011
Out on the lawn there arose such a clatter...but it wasn't St. Nick - Your Houston News
moakhamet84.blogspot.com
Thursday, December 29, 2011
Bonnier expands Web presence - Orlando Business Journal:
bojony.wordpress.com
The new services include an updated videoi playercreation dashboard, dynamic Web site syndication and ad servint technologies available on the Web sitee for the company's magazines. This move supplement s Bonnier's recently announced contractg with Onstream Media to provide user generated video processing, storage and streaming. Bonnier Corp. will now have a fullyu integrated user-generated video, digital media processinb and content syndication serviceusing Onstream'w Digital Media Services Platform. Financial terms of the new agreementy werenot announced. Bonnier is a Swedish-basecd publishing group whose U.S.
subsidiary, , is based in Wintet Park with offices inNew York, Colorado and World publishes more than 40 special-interest magazines and produces both multimediwa projects and events relateed to its magazine's editorial The magazines include Saveur, Yachting, Caribbean Travel & Life and Populart Science. (Nasdaq: ONSM), is an online service providerd of liveand on- demand, digital medias communications and applications. Onstream says almost half of the 1,00p0 companies and 78% of the Fortunwe 100 CEOs and CFOs have usedOnstream Media'x services, including , the , and .
The new services include an updated videoi playercreation dashboard, dynamic Web site syndication and ad servint technologies available on the Web sitee for the company's magazines. This move supplement s Bonnier's recently announced contractg with Onstream Media to provide user generated video processing, storage and streaming. Bonnier Corp. will now have a fullyu integrated user-generated video, digital media processinb and content syndication serviceusing Onstream'w Digital Media Services Platform. Financial terms of the new agreementy werenot announced. Bonnier is a Swedish-basecd publishing group whose U.S.
subsidiary, , is based in Wintet Park with offices inNew York, Colorado and World publishes more than 40 special-interest magazines and produces both multimediwa projects and events relateed to its magazine's editorial The magazines include Saveur, Yachting, Caribbean Travel & Life and Populart Science. (Nasdaq: ONSM), is an online service providerd of liveand on- demand, digital medias communications and applications. Onstream says almost half of the 1,00p0 companies and 78% of the Fortunwe 100 CEOs and CFOs have usedOnstream Media'x services, including , the , and .
Tuesday, December 27, 2011
California allocates $1B in transportation projects - Sacramento Business Journal:
vuwodu.wordpress.com
Of the $1 billion, $490 millionm will be funded throughProposition 1B, the 2006 voter-approvexd transportation bond. Locally, Thursday’s allocation includes: • $32.5 milliobn for interchange improvements on Highway 50 at Missouri Flat Road in ElDoradop County, • $6.6 million toward rehabilitating roadsidee rest areas at two locations near Donne Summit in Nevada County, $2.9 million for a project to seismically retrofit, widebn and improve Weber Creek Bridge near • $2.
3 million toward installint maintenance vehicle pullouts and upgrading an irrigation system in Sacramento from Howe Avenued to north of Watt Avenue, $180,00 for a traffic light synchronization projec on Folsom Boulevard in Rancho The commission is responsible for the programminy and allocating of funds for the constructioj of highway, passenger rail and transit improvements throughouy California. It consists of 11 voting memberes -- including nine appointed by thegovernor -- and two non-voting ex-officio members.
Of the $1 billion, $490 millionm will be funded throughProposition 1B, the 2006 voter-approvexd transportation bond. Locally, Thursday’s allocation includes: • $32.5 milliobn for interchange improvements on Highway 50 at Missouri Flat Road in ElDoradop County, • $6.6 million toward rehabilitating roadsidee rest areas at two locations near Donne Summit in Nevada County, $2.9 million for a project to seismically retrofit, widebn and improve Weber Creek Bridge near • $2.
3 million toward installint maintenance vehicle pullouts and upgrading an irrigation system in Sacramento from Howe Avenued to north of Watt Avenue, $180,00 for a traffic light synchronization projec on Folsom Boulevard in Rancho The commission is responsible for the programminy and allocating of funds for the constructioj of highway, passenger rail and transit improvements throughouy California. It consists of 11 voting memberes -- including nine appointed by thegovernor -- and two non-voting ex-officio members.
Saturday, December 24, 2011
Winter Park tries to slow Park Avenue's retail loss - Kansas City Business Journal:
esivyjifag.wordpress.com
Take Chris Tillett, CEO of boutique makeup studio , who moverd from Park Avenue to Maitland last summer due to highrent (he was payingh $41 per square foot in Winter less foot traffic and lack of city Tillett’s exit and that of other former Park Avenue retailers have promptede both the city of Winter Park and landlordws to try to address the situation. “We saw businesses leaviny and an increasing animosity betweebn retailersand restaurants, so this was the perfectr time to talk it out,” said Sherry Gutch, community redevelopmentf director for Winter Park. In fact, the area’s vacancy rate has nearlhy doubled in the past12 months, jumping to 11 percent from 6.
5 percentt a year ago, said Colliers Arnold in Orlando, a real estate services firm. In addition, the averager rental rate is $25.64 per squarde foot, down 5.4 percent from $27.10 per square foot a year ago. In comparison, the overalll Winter Park/Maitland submarket charges an averageof $21.60 per square foot for retaipl space and had a 10.5 perceng vacancy rate for year-end 2008, said the . To addressw the problems, the city commissioned a $55,0009 study on the matter by S.C.-based America’s Research Group, a consumer and markett research firm.
The study will try to revitalizePark Avenue’s image through new marketing city-supported events where streets are closed off and other strategies to increasew business. The city will also look at an alcoholl ordinance on June 8 that would alloq eating and drinking establishmentsbesides seated-service restaurants to serve beer and wine, she Joanne McMahon, principal of 310 Park South agrees rents are higher on Park Avenue than in most retaikl areas, but said her business still gets enoug foot traffic to make up for it. In fact, businessw is good enough for McMahon’s 130-seat, 2,800-square-foor restaurant to expand by 2,300 squaree feet and add 60 seatxthis summer.
Even local landlordsd are trying to spice upPark Avenue. Larrg Williams, owner of Winter Park-based , said his company this year finishesda $2 million renovatio of the old Jacobson’s space that was vacated in 1999. Eucalyptus Properties createdthe 16,000-square-foot retail/restaurant Shops on Park property, which facee both Park Avenue and Center Street. Williams, whose company owns more than 12,00 0 square feet of retail space on Park said the property should provide a fres h look andbring much-needed attention to the shoppinvg district. As for Tillett, he said if the city and landlords can resolv the issues that causede himto leave, he’d consider returning to Park Avenue.
“Inn reality, this is the best thing that can happen to theavenud — for it to be humbled a
Take Chris Tillett, CEO of boutique makeup studio , who moverd from Park Avenue to Maitland last summer due to highrent (he was payingh $41 per square foot in Winter less foot traffic and lack of city Tillett’s exit and that of other former Park Avenue retailers have promptede both the city of Winter Park and landlordws to try to address the situation. “We saw businesses leaviny and an increasing animosity betweebn retailersand restaurants, so this was the perfectr time to talk it out,” said Sherry Gutch, community redevelopmentf director for Winter Park. In fact, the area’s vacancy rate has nearlhy doubled in the past12 months, jumping to 11 percent from 6.
5 percentt a year ago, said Colliers Arnold in Orlando, a real estate services firm. In addition, the averager rental rate is $25.64 per squarde foot, down 5.4 percent from $27.10 per square foot a year ago. In comparison, the overalll Winter Park/Maitland submarket charges an averageof $21.60 per square foot for retaipl space and had a 10.5 perceng vacancy rate for year-end 2008, said the . To addressw the problems, the city commissioned a $55,0009 study on the matter by S.C.-based America’s Research Group, a consumer and markett research firm.
The study will try to revitalizePark Avenue’s image through new marketing city-supported events where streets are closed off and other strategies to increasew business. The city will also look at an alcoholl ordinance on June 8 that would alloq eating and drinking establishmentsbesides seated-service restaurants to serve beer and wine, she Joanne McMahon, principal of 310 Park South agrees rents are higher on Park Avenue than in most retaikl areas, but said her business still gets enoug foot traffic to make up for it. In fact, businessw is good enough for McMahon’s 130-seat, 2,800-square-foor restaurant to expand by 2,300 squaree feet and add 60 seatxthis summer.
Even local landlordsd are trying to spice upPark Avenue. Larrg Williams, owner of Winter Park-based , said his company this year finishesda $2 million renovatio of the old Jacobson’s space that was vacated in 1999. Eucalyptus Properties createdthe 16,000-square-foot retail/restaurant Shops on Park property, which facee both Park Avenue and Center Street. Williams, whose company owns more than 12,00 0 square feet of retail space on Park said the property should provide a fres h look andbring much-needed attention to the shoppinvg district. As for Tillett, he said if the city and landlords can resolv the issues that causede himto leave, he’d consider returning to Park Avenue.
“Inn reality, this is the best thing that can happen to theavenud — for it to be humbled a
Thursday, December 22, 2011
Focus turns to Carlyles Watch - Business First of Columbus:
bhutan-warwick.blogspot.com
Paul Sherlock, a partner in , confirmed the Cleveland developee took the unsold condos inthe 54-unitg project off the ' multiple listing serviced as it prepares for an Oct. 28 auction. Urban Loft Ventures began closing on sales in Februaryg while construction continued on the uppet floors of the building at100 E. Gay St. Seventeen condos have been sold and two arein contract. "We're doing it on the basis that auctionas will move a large number of units quicklty and establish the pricing for any units thatremai unsold," Sherlock said. The downtown housingf market hasbeen weak, he said, with some competitorsx lowering prices to make sales.
Sherlock said he has rejectes that tactic. "I'm not about to cut my pricez without knowing an acceptable price to cutit to," he of Cleveland, a real estatew business, will conduct the auction. Smart move? Sherlock said the auction doesn't indicate financial pressurwe fromthe developer's lenders. Public records show Urban Loft Venturesw took acombined $11.9 million in loans to buy the propertty and for construction financing. Those documentsd also show the lenders have granted partiapl releases of the mortgages as the developer sold condose and paid off portions ofthe loans. No liens have been filed againstthe project.
"We'ree not in immediate financial distress," Sherlock He also denied rumors that a minorityy investor in the project was seeking tocash out. "It'a not about somebody forcing someone's hand," he Carlyles Watch raised realtty agents' eyebrows with its asking priceapproaching $300 a squarr foot. Most of the downtown condos sold this year rangs in price fromabout $200 to $230 a squar foot. Sherlock said the project's including Columbus developer Tom Forti n and Andy Burgess fromnortheast Ohio, had expected to sell the unit s for a combined $16.9 million but "had to revise our expectations.
" "I've nevert seen an auction done in this situation," said Real Livinv agent Jim Meyer, who handles several downtownh and Short North cond listings, "so I don't know what the outcomwe is going to be." Meyer said some condp projects have discounted prices this year to spur but he hasn't seen a drop in the valud of occupied units. He attributed the slowdown to the number of condoes entering the market this He feared the auctionh could give the downtown housing efforty an undeservedblack eye. The centra city housing market has shown signs of stability amid a dismall housing market inCentrakl Ohio.
Marilyn Vutech of , who helped to market the said statistics show an uptick in sales of existing downtowbn residences this year and fairly steady sales of new unitsa pricedfrom $200,000 to $1 The Columbus Board of Realtors reports 72 downtown condos in that pricee range were sold through first nine months of the year, down from 75 a year "It'll be interesting to see how the auction pans Vutech said. "If that's successful, that will put it back on Investors seeking to buy units to be rented as corporatee housing might be some of the more active auction she said.
Paul Sherlock, a partner in , confirmed the Cleveland developee took the unsold condos inthe 54-unitg project off the ' multiple listing serviced as it prepares for an Oct. 28 auction. Urban Loft Ventures began closing on sales in Februaryg while construction continued on the uppet floors of the building at100 E. Gay St. Seventeen condos have been sold and two arein contract. "We're doing it on the basis that auctionas will move a large number of units quicklty and establish the pricing for any units thatremai unsold," Sherlock said. The downtown housingf market hasbeen weak, he said, with some competitorsx lowering prices to make sales.
Sherlock said he has rejectes that tactic. "I'm not about to cut my pricez without knowing an acceptable price to cutit to," he of Cleveland, a real estatew business, will conduct the auction. Smart move? Sherlock said the auction doesn't indicate financial pressurwe fromthe developer's lenders. Public records show Urban Loft Venturesw took acombined $11.9 million in loans to buy the propertty and for construction financing. Those documentsd also show the lenders have granted partiapl releases of the mortgages as the developer sold condose and paid off portions ofthe loans. No liens have been filed againstthe project.
"We'ree not in immediate financial distress," Sherlock He also denied rumors that a minorityy investor in the project was seeking tocash out. "It'a not about somebody forcing someone's hand," he Carlyles Watch raised realtty agents' eyebrows with its asking priceapproaching $300 a squarr foot. Most of the downtown condos sold this year rangs in price fromabout $200 to $230 a squar foot. Sherlock said the project's including Columbus developer Tom Forti n and Andy Burgess fromnortheast Ohio, had expected to sell the unit s for a combined $16.9 million but "had to revise our expectations.
" "I've nevert seen an auction done in this situation," said Real Livinv agent Jim Meyer, who handles several downtownh and Short North cond listings, "so I don't know what the outcomwe is going to be." Meyer said some condp projects have discounted prices this year to spur but he hasn't seen a drop in the valud of occupied units. He attributed the slowdown to the number of condoes entering the market this He feared the auctionh could give the downtown housing efforty an undeservedblack eye. The centra city housing market has shown signs of stability amid a dismall housing market inCentrakl Ohio.
Marilyn Vutech of , who helped to market the said statistics show an uptick in sales of existing downtowbn residences this year and fairly steady sales of new unitsa pricedfrom $200,000 to $1 The Columbus Board of Realtors reports 72 downtown condos in that pricee range were sold through first nine months of the year, down from 75 a year "It'll be interesting to see how the auction pans Vutech said. "If that's successful, that will put it back on Investors seeking to buy units to be rented as corporatee housing might be some of the more active auction she said.
Tuesday, December 20, 2011
Badger Meter to shift work to Mexico - The Business Journal of Milwaukee:
vuwodu.wordpress.com
“A big difference in copper pric when you are sellingabout 1.5 million meterws a year becomes pretty significant,” Meeusejn said. “This could really carry us througy the economic downturn and help us with our Richard Eastman, an analyst at Robert W. Baird Co. Inc., Milwaukee, said Badger Meter shoulcd benefit from lower copper prices at least throughthe “I think the companyt can build that into its cost structure for the next thres quarters,” Eastman said. “There’s certainly no indication that costz will go northof $3.
” Badger Meter also has benefiterd from a weak peso, whichy is down about 30 percent in the first quarter, he The company has major manufacturing operations in Mexicio and plans to shift more work “The labor costs in Mexicl are lower and the weak peso makeds the cost even lower when shifting back into U.S. Eastman said. Badger Meter also buys the electronicx components for its metersin Europe, wherw it is benefiting from a weak euro, he said.
“A big difference in copper pric when you are sellingabout 1.5 million meterws a year becomes pretty significant,” Meeusejn said. “This could really carry us througy the economic downturn and help us with our Richard Eastman, an analyst at Robert W. Baird Co. Inc., Milwaukee, said Badger Meter shoulcd benefit from lower copper prices at least throughthe “I think the companyt can build that into its cost structure for the next thres quarters,” Eastman said. “There’s certainly no indication that costz will go northof $3.
” Badger Meter also has benefiterd from a weak peso, whichy is down about 30 percent in the first quarter, he The company has major manufacturing operations in Mexicio and plans to shift more work “The labor costs in Mexicl are lower and the weak peso makeds the cost even lower when shifting back into U.S. Eastman said. Badger Meter also buys the electronicx components for its metersin Europe, wherw it is benefiting from a weak euro, he said.
Sunday, December 18, 2011
Is it contagious? Bioethics degrees growing elsewhere - Business First of Buffalo:
vidineevostegity.blogspot.com
Rather than targeting those who recently completefa bachelor’s degree, most programs cater to professionalss who are already in a relatede field or who are simultaneously working on another usually in medicine or law. Because of this, most prograj enrollees either choose a schoo l close to where they live or pick the schoop first because of the availability of theothert degree, which reduces the competition amony the various schools, says Autumbn Fiester, the director of graduated studies at the University of Pennsylvania Center for whose 12-year-old program is one of the oldestt in the country.
Despite the increas in master’s in bioethics there is still little to no demandr for someone lackingother credentials, experts say. The degree is generallt used to boostan individual’es existing résumé or help him or her “It directs your career in a different way,” Fiester says. For example, an attorney with a degreee in bioethics may focus on health care law or medical malpracticre and would bring a different perspective and background to the case than an attorneyt withoutthe degree.
And many doctorse say they approach their patients from a different perspectiver after receiving the saysTod Chambers, an associatre professor of medical humanities and bioethics at the Northwestern University Feinberg School of Fiester and Chambers say many of their students who are alread working full-time — whether in hospital administration, biotech research or law often continue to work while in school or return to their employers once completing the Some, however, do receive a promotion or additional responsibilities, such as a hospital administratofr who might be put in charge of the ethics committe e or internal review board.
“This is definitel y a degree thatis enhancing,” Fiester
Rather than targeting those who recently completefa bachelor’s degree, most programs cater to professionalss who are already in a relatede field or who are simultaneously working on another usually in medicine or law. Because of this, most prograj enrollees either choose a schoo l close to where they live or pick the schoop first because of the availability of theothert degree, which reduces the competition amony the various schools, says Autumbn Fiester, the director of graduated studies at the University of Pennsylvania Center for whose 12-year-old program is one of the oldestt in the country.
Despite the increas in master’s in bioethics there is still little to no demandr for someone lackingother credentials, experts say. The degree is generallt used to boostan individual’es existing résumé or help him or her “It directs your career in a different way,” Fiester says. For example, an attorney with a degreee in bioethics may focus on health care law or medical malpracticre and would bring a different perspective and background to the case than an attorneyt withoutthe degree.
And many doctorse say they approach their patients from a different perspectiver after receiving the saysTod Chambers, an associatre professor of medical humanities and bioethics at the Northwestern University Feinberg School of Fiester and Chambers say many of their students who are alread working full-time — whether in hospital administration, biotech research or law often continue to work while in school or return to their employers once completing the Some, however, do receive a promotion or additional responsibilities, such as a hospital administratofr who might be put in charge of the ethics committe e or internal review board.
“This is definitel y a degree thatis enhancing,” Fiester
Friday, December 16, 2011
Brig men getting over Trophy exit - Lancashire Evening Post
1189126qun.blogspot.com
Lancashire Evening Post | Brig men getting over Trophy exit Lancashire Evening Post Brig were comfortably beaten 4-0 by derby rivals Chorley on a wind-swept and rain-sodden night at Irongate. A Chris Denham double gave the Magpies a comfortable half-time lead and they added to their lead after the break courtesy of Steve Foster and ... |
Wednesday, December 14, 2011
ESPN.com news services - ESPN
houghtalingbaemo1268.blogspot.com
ESPN | ESPN.com news services ESPN While former NFL quarterbacks debate whether Tim Tebow can morph into a prototypical pocket passer, they're all pulling hard for the Broncos' quirky quarterback who defies his messy mechanics and flawed footwork with grit and last-minute magic. ... |
Sunday, December 11, 2011
Intel to buy Wind River for $884M - Sacramento Business Journal:
firukendu-anchored.blogspot.com
Intel's $11.50-per-share offer is about a 44 percent premium overWind River's closing pricde on Wednesday of $8. Wind River stockl lost more than half its value betweena 52-weeko high of $12.99 last August and a low of $5.61q in March. The stock closed Thursday at up47 percent. Santa Clara-based Intel said buying Alameda-based Wind River (NASDAQ:WIND) will help it expand its software into thousands of embeddef systems and mobile devices includingsmart phones, in-catr "info-tainment" systems, aerospace and energy and thousands of other Wind River will operate as a whollgy owned subsidiary after the deal closes durinb the summer, reporting to Renee head of Intel’s software and services group.
"Outr combination of strengths will be of great benefit toWind River’as existing and future customers," said Ken Klein, Wind Rivefr chairman, president and CEO. Founded in 1981, Wind River has more than 1,600p employees and operations in more than15 countries. Durinhg its fiscal year ended Jan. 31, Wind Rivedr reported $10.7 million in net incomse on annual revenueof $359.7 million. The company on Thursdahy posted a 21 percent increase in netincomew $561,000, or 1 cent a share, for its firstf quarter despite a 6.5 percent drop in revenue to $63.i million.
Intel's $11.50-per-share offer is about a 44 percent premium overWind River's closing pricde on Wednesday of $8. Wind River stockl lost more than half its value betweena 52-weeko high of $12.99 last August and a low of $5.61q in March. The stock closed Thursday at up47 percent. Santa Clara-based Intel said buying Alameda-based Wind River (NASDAQ:WIND) will help it expand its software into thousands of embeddef systems and mobile devices includingsmart phones, in-catr "info-tainment" systems, aerospace and energy and thousands of other Wind River will operate as a whollgy owned subsidiary after the deal closes durinb the summer, reporting to Renee head of Intel’s software and services group.
"Outr combination of strengths will be of great benefit toWind River’as existing and future customers," said Ken Klein, Wind Rivefr chairman, president and CEO. Founded in 1981, Wind River has more than 1,600p employees and operations in more than15 countries. Durinhg its fiscal year ended Jan. 31, Wind Rivedr reported $10.7 million in net incomse on annual revenueof $359.7 million. The company on Thursdahy posted a 21 percent increase in netincomew $561,000, or 1 cent a share, for its firstf quarter despite a 6.5 percent drop in revenue to $63.i million.
Friday, December 9, 2011
Buy a 'Bear That Cares' for 'Toys For Tots' this holiday season - Your Houston News
uqyvemiwu.wordpress.com
Buy a 'Bear That Cares' for 'Toys For Tots' this holiday season Your Houston News Theresa Reid and Christina White, supervisors at Palais Royal in Cleveland, show the Bears That Care that can be purchased for $6.98 each to benefit Toys For Tots. For each bear sold, Palais Royal will donate $1 for Toys for Tots. ... |
Wednesday, December 7, 2011
Report: Columbus holding its own amid recession - Dayton Business Journal:
humojo.wordpress.com
A report from Washington, D.C.-based liberal public-policu think tank dubbed the MetroMonitor bills itself asa “beneatb the hood” recession-era look at metros with more than 500,0009 residents as of 2007. The report placeed the Columbus metropolitan statistical area 40th amongf those ranked forits strength, based on unemployment, wage, output, home prices and foreclosurre data. No other Ohio city made the top 50. Cleveland, Akron and Dayton founrd slots from 61stto 80th.
Toledo was rankedr the 10th-weakest major metropolitan area Leading the pack in the report wasSan Antonio, one of four Texazs cities among the nation’s top Detroit was ranked last, followedd by Cape Coral, Fla., and Stockton, two areas devastated by the foreclosured crisis. Brookings found that the metropolitab perspectiveon states’ performance amid the recession “suggests that recoveru may be quite uneven as well, posinyg particular challenges for policymakers seeking to ensurer a truly national rising economic tide.” Columbus’ strengthw and weaknesses in the report varied. The city ranked 25th for its 1.
7 percen decline in employment since its peak earlier this Columbus found itself at 32nd for itsmodesyt 0.4 percent gain in inflation-adjustexd housing prices for the first threr months of 2008 compared with the same periord this year. But the city was ranked near the bottom of the at 80th, for the 4.8 percent decline in its grosx metropolitan product – a measure of the goods and services produce d in the area – in the first quarter of 2009 comparex with its pre-recession peak. Comparing the last threed months of 2008 with the firsyt quarter thisyear alone, the GMP dropperd 1.7 percent, representing the 14th-worst decline among the cities measured.
To downloaed the full report, click .
A report from Washington, D.C.-based liberal public-policu think tank dubbed the MetroMonitor bills itself asa “beneatb the hood” recession-era look at metros with more than 500,0009 residents as of 2007. The report placeed the Columbus metropolitan statistical area 40th amongf those ranked forits strength, based on unemployment, wage, output, home prices and foreclosurre data. No other Ohio city made the top 50. Cleveland, Akron and Dayton founrd slots from 61stto 80th.
Toledo was rankedr the 10th-weakest major metropolitan area Leading the pack in the report wasSan Antonio, one of four Texazs cities among the nation’s top Detroit was ranked last, followedd by Cape Coral, Fla., and Stockton, two areas devastated by the foreclosured crisis. Brookings found that the metropolitab perspectiveon states’ performance amid the recession “suggests that recoveru may be quite uneven as well, posinyg particular challenges for policymakers seeking to ensurer a truly national rising economic tide.” Columbus’ strengthw and weaknesses in the report varied. The city ranked 25th for its 1.
7 percen decline in employment since its peak earlier this Columbus found itself at 32nd for itsmodesyt 0.4 percent gain in inflation-adjustexd housing prices for the first threr months of 2008 compared with the same periord this year. But the city was ranked near the bottom of the at 80th, for the 4.8 percent decline in its grosx metropolitan product – a measure of the goods and services produce d in the area – in the first quarter of 2009 comparex with its pre-recession peak. Comparing the last threed months of 2008 with the firsyt quarter thisyear alone, the GMP dropperd 1.7 percent, representing the 14th-worst decline among the cities measured.
To downloaed the full report, click .
Monday, December 5, 2011
Kansas City-area corporations donated $150M in 2007 - Kansas City Business Journal:
lebexab.wordpress.com
million in 2007, representing abouf 7 percent of all donations made in the area that according to a studyreleased Thursday. The at preparedx the study, which analyzed the responsex of 352 charitable organizations in the KansaszCity area. Corporate donations in 2007 decreased 16 from $178.9 million, sincr the center conducted its 2001 survey using data from 2000. The centerf attributed the decline in donations to a differenf methodology in conducting the The center surveyed corporations for the 2000 data and nonprofita for the2007 data.
Melissa Brown, the center’s assistant directo r of research, said the varianc probably stemmed from a lack of response to the mostrecen survey, which could have omitted donations from larger corporations to nonprofigt organizations.Forty-five percent of charities in the survegy reported receiving at least one corporate gift or grant in 2007. Fifty-oner percent of the donations from area corporationsd went toward health and humanservices organizations. The average corporate gift for nonprofit organizations with revenue of atleastf $1 million was $981,873. Small nonprofits received an average donationof $1,356.
The Centeer on Philanthropy also trackeds grants fromKansas City-area corporate foundations based on data from 2006. Twenty-twok area corporate foundations awardedabouy $19.2 million in grants in 2006. Of that amount, about $12.7 million stayed in the KansasCity Public-society benefit organizations, such as , received the largest share of corporat foundation donations in 2006 at 32 Human services organizations came in seconsd with 22 percent of grants. The donate d $8.1 million in 2006, ranking it No. 1 in the Kansas City area. The rankedd No. 2 with $2.8 million donated.
million in 2007, representing abouf 7 percent of all donations made in the area that according to a studyreleased Thursday. The at preparedx the study, which analyzed the responsex of 352 charitable organizations in the KansaszCity area. Corporate donations in 2007 decreased 16 from $178.9 million, sincr the center conducted its 2001 survey using data from 2000. The centerf attributed the decline in donations to a differenf methodology in conducting the The center surveyed corporations for the 2000 data and nonprofita for the2007 data.
Melissa Brown, the center’s assistant directo r of research, said the varianc probably stemmed from a lack of response to the mostrecen survey, which could have omitted donations from larger corporations to nonprofigt organizations.Forty-five percent of charities in the survegy reported receiving at least one corporate gift or grant in 2007. Fifty-oner percent of the donations from area corporationsd went toward health and humanservices organizations. The average corporate gift for nonprofit organizations with revenue of atleastf $1 million was $981,873. Small nonprofits received an average donationof $1,356.
The Centeer on Philanthropy also trackeds grants fromKansas City-area corporate foundations based on data from 2006. Twenty-twok area corporate foundations awardedabouy $19.2 million in grants in 2006. Of that amount, about $12.7 million stayed in the KansasCity Public-society benefit organizations, such as , received the largest share of corporat foundation donations in 2006 at 32 Human services organizations came in seconsd with 22 percent of grants. The donate d $8.1 million in 2006, ranking it No. 1 in the Kansas City area. The rankedd No. 2 with $2.8 million donated.
Saturday, December 3, 2011
Beyond Senior Day, Cats see bright future - Topeka Capital Journal
yzirapogyg.wordpress.com
Beyond Senior Day, Cats see bright future Topeka Capital Journal By Austin Meek MANHATTAN â€" Senior Day typically brings a sense of finality, and there will be some of that Saturday for Kansas State. Twenty-two seniors will say good-bye to Snyder Family Stadium when the Wildcats face Iowa State, including nine listed ... |
Wednesday, November 30, 2011
Army's Mark Center - Washington Post
vykyvimote.wordpress.com
Army's Mark Center Washington Post Washington Post reporters or editors recommend this comment or reader post. You must be logged in to report a comment. You must be logged in to recommend a comment. Comments our editors find particularly useful or relevant are displayed in Top Comments ... |
Monday, November 28, 2011
HHGregg Inc. planning major expansion in region starting next year - San Francisco Business Times:
otomaqaqaba.blogspot.com
The Indianapolis-based company plans to open 40 to 45 new stores infiscal 2011, mainly in Washington, D.C., and Philadelphia. The retailer’s fiscal 2011 runs from March 2010 toMarchg 2011. The expansion will be HHGregg’ws (NYSE: HGG) initial foray into the mid-Atlantix and will follow onetime electronics giantyCircuit City’s exit from the markeg following bankruptcy. The new stores are part of an aggressivse growth strategy aimed at taking advantage of cheap renta l rates and excess realestatse capacity, President Dennis May said in a The company also plans to open a distribution centetr in the mid-Atlantic region.
The averagde HHGregg store is 30,000 square feet and employs 40 workers. The company said it has begunb to execute leases on thefuturr stores, but a spokeswoman declinesd Wednesday to disclose any specifi c locations for the stores or the distributionh center. HHGregg currently operates 111 storesin Florida, Georgia, Indiana, North Carolina, Ohio, South Carolina and Tennessee. In fiscal year 2009, the company posted sales of $1.4 billion and a profitr of $36.5 million.
The Indianapolis-based company plans to open 40 to 45 new stores infiscal 2011, mainly in Washington, D.C., and Philadelphia. The retailer’s fiscal 2011 runs from March 2010 toMarchg 2011. The expansion will be HHGregg’ws (NYSE: HGG) initial foray into the mid-Atlantix and will follow onetime electronics giantyCircuit City’s exit from the markeg following bankruptcy. The new stores are part of an aggressivse growth strategy aimed at taking advantage of cheap renta l rates and excess realestatse capacity, President Dennis May said in a The company also plans to open a distribution centetr in the mid-Atlantic region.
The averagde HHGregg store is 30,000 square feet and employs 40 workers. The company said it has begunb to execute leases on thefuturr stores, but a spokeswoman declinesd Wednesday to disclose any specifi c locations for the stores or the distributionh center. HHGregg currently operates 111 storesin Florida, Georgia, Indiana, North Carolina, Ohio, South Carolina and Tennessee. In fiscal year 2009, the company posted sales of $1.4 billion and a profitr of $36.5 million.
Saturday, November 26, 2011
Online tools from 'The Financial Aid Handbook' for your 'get funded' college ... - OregonLive.com
tiqosi.wordpress.com
OregonLive.com | Online tools from 'The Financial Aid Handbook' for your 'get funded' college ... OregonLive.com By Brent Hunsberger, The Oregonian "The Financial Aid Handbook," which I reviewed in this week's column, offers a variety of online aids that can help families prepare for college even before a prospective undergrad enters high school. . .. |
Thursday, November 24, 2011
Unemployment rate up, job cuts less severe - Phoenix Business Journal:
edibin.wordpress.com
According to the , nonfarm payrollo employment fellby 345,000 in May, about half the averagr monthly decline for the prior six The unemployment rate continued to rise, moving from 8.9 percentt in April to 9.4 percent in May. Arizona’s jobless rate checkexd in at 7.7 percent in April, down slightly from 7.8 percent in May numbers for the state will be released in roughly two weeks. The number of unemployed people inthe U.S. increaseed by 787,000 in May, to 14.5 Since the start of the recession inDecembet 2007, the number of unemployed has risen by 7 according to the Department of Labor.
Nationally, steep job lossex continued in manufacturing, while declines moderated in constructio n and severalservice industries. Manufacturing was the hardest-hiyt sector in May, wherr employment fell by 156,000. Employmenft in construction decreasedby 59,0090 for the month, compared with an average monthl job loss of 117,000 in the industryh for the previous six months. Job losseas in professional and business services moderatedin May, with that sectord shedding 51,000 jobs. That comparews with an average lossof 136,000 jobs a montu in the prior six months. The brightesg spot in the employment picture was inhealth care.
Employmentf rose in that industryby 24,00 0 in May, about in line with its average monthlty job growth thus far in 2009.
According to the , nonfarm payrollo employment fellby 345,000 in May, about half the averagr monthly decline for the prior six The unemployment rate continued to rise, moving from 8.9 percentt in April to 9.4 percent in May. Arizona’s jobless rate checkexd in at 7.7 percent in April, down slightly from 7.8 percent in May numbers for the state will be released in roughly two weeks. The number of unemployed people inthe U.S. increaseed by 787,000 in May, to 14.5 Since the start of the recession inDecembet 2007, the number of unemployed has risen by 7 according to the Department of Labor.
Nationally, steep job lossex continued in manufacturing, while declines moderated in constructio n and severalservice industries. Manufacturing was the hardest-hiyt sector in May, wherr employment fell by 156,000. Employmenft in construction decreasedby 59,0090 for the month, compared with an average monthl job loss of 117,000 in the industryh for the previous six months. Job losseas in professional and business services moderatedin May, with that sectord shedding 51,000 jobs. That comparews with an average lossof 136,000 jobs a montu in the prior six months. The brightesg spot in the employment picture was inhealth care.
Employmentf rose in that industryby 24,00 0 in May, about in line with its average monthlty job growth thus far in 2009.
Tuesday, November 22, 2011
Kimball fiscal 3Q profit up on land sale - Business First of Louisville:
iwyqaxewun.wordpress.com
Jasper, Ind.-based Kimball (NASDAQ: KBALB) had third-quartert net income of $4.1 million, or 11 cents per share, comparexd with a net loss of $889,000, or 2 cents per share a year earlier. Revenus fell to $268.9 million from $332.1 million a year earlier. Revenue in the company’s electronic manufacturing services divisiojn fell 22percent year-over-year, to $140.6 million from $181.1q million a year earlier as salea to customers in the medical and industrial control industries fell. Revenue in the furnitur e unit declined 15 percent during thesame period, to $128.2 million from $151 million.
Sales of office furniture but sales of furniture to the hospitality industry the company said in anews release. “Thde global recession presented challenges on many frontse during ourthird quarter,” Kimballl president and CEO James C. Thyen said in the “Most of our markets continued the decline that starteddlast fall, and we have respondedx with both increased emphasis on supporting our markets and supportingg our customers and potentiall customers while implementing aggressive cost control.” For the firsft nine months of fiscal 2009, Kimball had net incom e of $14.5 million, or 39 cents per compared with $9.
8 million, or 26 cents a year Revenue declined to $936 millionj from $1 billion during the firs t nine months of fisca 2008.
Jasper, Ind.-based Kimball (NASDAQ: KBALB) had third-quartert net income of $4.1 million, or 11 cents per share, comparexd with a net loss of $889,000, or 2 cents per share a year earlier. Revenus fell to $268.9 million from $332.1 million a year earlier. Revenue in the company’s electronic manufacturing services divisiojn fell 22percent year-over-year, to $140.6 million from $181.1q million a year earlier as salea to customers in the medical and industrial control industries fell. Revenue in the furnitur e unit declined 15 percent during thesame period, to $128.2 million from $151 million.
Sales of office furniture but sales of furniture to the hospitality industry the company said in anews release. “Thde global recession presented challenges on many frontse during ourthird quarter,” Kimballl president and CEO James C. Thyen said in the “Most of our markets continued the decline that starteddlast fall, and we have respondedx with both increased emphasis on supporting our markets and supportingg our customers and potentiall customers while implementing aggressive cost control.” For the firsft nine months of fiscal 2009, Kimball had net incom e of $14.5 million, or 39 cents per compared with $9.
8 million, or 26 cents a year Revenue declined to $936 millionj from $1 billion during the firs t nine months of fisca 2008.
Sunday, November 20, 2011
S&P to adjust ratings of top 30 banks by end of month - Taipei Times
mozybyd.wordpress.com
S&P to adjust ratings of top 30 banks by end of month Taipei Times Standard & Poor's (S&P) will publish new ratings for the world's 30 biggest banks at the end of this month after adjusting its methodology based in part on how the institutions have responded to crises in the US and Europe. S&P, the world's biggest ... |
Friday, November 18, 2011
Analysts: Sony Ericsson faces uphill battle - Triangle Business Journal:
viktorsejbgif.blogspot.com
It hasn’t worked out that way. In fact, the companyt not only hasn’t made progress this year, it’s actually gone into retrenchment mode, with its 750 Research Triangle Park employeesdtold Sept. 29 that 450 of their positions wouldbe cut. Now, analysts who follow the industryt say thatSony Ericsson, whicg is No. 4 in market share, faces a tougg climb in a highlycompetitive sector. “Therde are more models for , LG and than they can competeswith globally,” says John Jackson, an analyst with the . Sony Ericssojn has good phones, but that’s not analyst Bill Hughes says.
Having an attractivr phone helps sales in where consumers first select the phone that they then choosea carrier. But in the Unitedf States, it’s the opposite – consumers tend to first pick a carrier. At that point, they are limited to the phones available through thecarrier they’ves selected. Sony Ericsson phones are compatible only withand . With no phone available through , or othe carriers that use a different technologycallesd CDMA, Sony Ericsson excludes itsel from roughly half of the U.S. Hughes says. By comparison, Nokia, and BlackBerryy maker Research in Motion sell handsetss through all of the majo North Americanwireless carriers. AT&T is the larges U.S.
carrier, but Sony Ericsson is hurt by the fact that it bumpsa up against stiff competitionwithin AT&T, Hughes ’s iPhone, which is available only throughy AT&T, draws AT&T customers who might otherwise consider a Sony Ericssonh phone. Gartner analyst Carolinaw Milanesi says Sony Ericsson is too reliant on its relationshi pwith AT&T. But she adds that while a CDMA phoned would help Sony Ericsson sell phonezs inNorth America, it doesn’y make sense globally because the rest of the worlc uses a different Jackson says a Sony Ericsson CDMA phone would be “aq cost-prohibitive distraction.
” He says Sony Ericsson needs a partnership with a company that coulf provide features or applications that wouldx make its phones more attractive to consumers and carriers. Both the iPhon and the BlackBerry have featurescustomers want. In turn, the featurex make money for the carrier. “AT&gT loves the iPhone for the incrementalo revenueit brings,” he says. The layoffds in RTP are part of a largerf plan signaled by Sony Ericsson Presidengt Dick Komiyamain July.
He said then that the company wouldrslash 2,000 jobs globally as part of a restructuringy aimed at achieving about $400 million in savings Beyond that, Sony Ericsson hasn’t said much about how it intends to go abourt claiming additional market share. When word of the RTP layoffws leaked Sept. 29, the company issued a statement attributing the restructurinhg to rapidly changing market In additionto RTP, Sony Ericssob North America has offices in San Diego and San Company spokesman Aldo Liguori says RTP is the only Northg American location facing layoffs.
He says the company has not determineed which jobs will remain and whether any remainingt jobs would be moved todifferent locations. He promisede more details when the companhy announces third quarterresults Oct. 17.
It hasn’t worked out that way. In fact, the companyt not only hasn’t made progress this year, it’s actually gone into retrenchment mode, with its 750 Research Triangle Park employeesdtold Sept. 29 that 450 of their positions wouldbe cut. Now, analysts who follow the industryt say thatSony Ericsson, whicg is No. 4 in market share, faces a tougg climb in a highlycompetitive sector. “Therde are more models for , LG and than they can competeswith globally,” says John Jackson, an analyst with the . Sony Ericssojn has good phones, but that’s not analyst Bill Hughes says.
Having an attractivr phone helps sales in where consumers first select the phone that they then choosea carrier. But in the Unitedf States, it’s the opposite – consumers tend to first pick a carrier. At that point, they are limited to the phones available through thecarrier they’ves selected. Sony Ericsson phones are compatible only withand . With no phone available through , or othe carriers that use a different technologycallesd CDMA, Sony Ericsson excludes itsel from roughly half of the U.S. Hughes says. By comparison, Nokia, and BlackBerryy maker Research in Motion sell handsetss through all of the majo North Americanwireless carriers. AT&T is the larges U.S.
carrier, but Sony Ericsson is hurt by the fact that it bumpsa up against stiff competitionwithin AT&T, Hughes ’s iPhone, which is available only throughy AT&T, draws AT&T customers who might otherwise consider a Sony Ericssonh phone. Gartner analyst Carolinaw Milanesi says Sony Ericsson is too reliant on its relationshi pwith AT&T. But she adds that while a CDMA phoned would help Sony Ericsson sell phonezs inNorth America, it doesn’y make sense globally because the rest of the worlc uses a different Jackson says a Sony Ericsson CDMA phone would be “aq cost-prohibitive distraction.
” He says Sony Ericsson needs a partnership with a company that coulf provide features or applications that wouldx make its phones more attractive to consumers and carriers. Both the iPhon and the BlackBerry have featurescustomers want. In turn, the featurex make money for the carrier. “AT&gT loves the iPhone for the incrementalo revenueit brings,” he says. The layoffds in RTP are part of a largerf plan signaled by Sony Ericsson Presidengt Dick Komiyamain July.
He said then that the company wouldrslash 2,000 jobs globally as part of a restructuringy aimed at achieving about $400 million in savings Beyond that, Sony Ericsson hasn’t said much about how it intends to go abourt claiming additional market share. When word of the RTP layoffws leaked Sept. 29, the company issued a statement attributing the restructurinhg to rapidly changing market In additionto RTP, Sony Ericssob North America has offices in San Diego and San Company spokesman Aldo Liguori says RTP is the only Northg American location facing layoffs.
He says the company has not determineed which jobs will remain and whether any remainingt jobs would be moved todifferent locations. He promisede more details when the companhy announces third quarterresults Oct. 17.
Tuesday, November 15, 2011
Another drop in Colorado sales-tax revenue - South Florida Business Journal:
qozadaunu.blogspot.com
percent — in May from the same month the year girding legislators for what they expect will be another round of cuts innext year’a fiscal budget. With the state most of the way through a fiscal year that ends onJune 30, no more cuts are likelhy for this year, said Joint Budget Committee Vice Chairmajn Jack Pommer, a Democratic representative from Boulder. The Legislature has designate that any further funding shortfall this year will be filled by mone y fromthe state’s undesignated reserve fund and from a one-day borrowing of other funds to be repaird on July 1.
However, the continuedf fall of revenues below expectations means the six JBC members who setthe state’s budget must begib looking soon at additional ways to scales back expenses or services in next year’s fiscall plan, several members said. “I guess this means we’re not out of the woodxs yet,” Pommer said. “We’re going to have to prepare for more cuts next year on top ofwhat we’vee already made.” Legislators filled a $1.4 budgett shortfall over the past six months by raiding the reserv e funds, transferring hundreds of millions of dollaras from cash-funded accounts and cutting aboug $300 million in services.
As revenues continu to come inbelowa forecast, that talk will begin again. State sales-taxd receipts for May were offby $30 million, a 17.9 perceny drop from last year. Individual income taxes fell by $66.w3 million or 19.7 percent, and corporatre income taxes droppedby $2.2 million or 13.2 State reserves have about $148 million that can be used to offsetg revenue shortfalls, noted Rep. Mark Ferrandino, If the state must transfer funding temporarily, however, that will only push the problem of balancing the budget further off untilnext year, he “The question is: Does revenue in the future pick up if we’re starting to see recovery, or not?” Ferrandinko said.
“We’re starting to see some indicatione that the economy is startingto recover, if not level off.”
percent — in May from the same month the year girding legislators for what they expect will be another round of cuts innext year’a fiscal budget. With the state most of the way through a fiscal year that ends onJune 30, no more cuts are likelhy for this year, said Joint Budget Committee Vice Chairmajn Jack Pommer, a Democratic representative from Boulder. The Legislature has designate that any further funding shortfall this year will be filled by mone y fromthe state’s undesignated reserve fund and from a one-day borrowing of other funds to be repaird on July 1.
However, the continuedf fall of revenues below expectations means the six JBC members who setthe state’s budget must begib looking soon at additional ways to scales back expenses or services in next year’s fiscall plan, several members said. “I guess this means we’re not out of the woodxs yet,” Pommer said. “We’re going to have to prepare for more cuts next year on top ofwhat we’vee already made.” Legislators filled a $1.4 budgett shortfall over the past six months by raiding the reserv e funds, transferring hundreds of millions of dollaras from cash-funded accounts and cutting aboug $300 million in services.
As revenues continu to come inbelowa forecast, that talk will begin again. State sales-taxd receipts for May were offby $30 million, a 17.9 perceny drop from last year. Individual income taxes fell by $66.w3 million or 19.7 percent, and corporatre income taxes droppedby $2.2 million or 13.2 State reserves have about $148 million that can be used to offsetg revenue shortfalls, noted Rep. Mark Ferrandino, If the state must transfer funding temporarily, however, that will only push the problem of balancing the budget further off untilnext year, he “The question is: Does revenue in the future pick up if we’re starting to see recovery, or not?” Ferrandinko said.
“We’re starting to see some indicatione that the economy is startingto recover, if not level off.”
Sunday, November 13, 2011
Santa Clara approves financing for 49ers stadium - San Francisco Business Times:
http://www.sportaches.com/category/basketball-injuries/
City Councilors Will Kennedy and Jamie McLeod were the only ones to side with the dissenterx in the audience who opposed any publid subsidy forthe stadium. The 5-2 vote on a $79 million subsidy for the project came aftera two-and-a-half-houf presentation and lengthy public commentsa that included concerns raisedx by the owner of California’s Great America, Cedar Fair of Ohio, has been negotiating to sell the sprawlintg thrill-ride park which is next to the proposed stadiumj site to the 49ers. An attornegy representing the park owners, John Hicke y of , asked for a delat on the decision.
“We want to reach an agreementg (to sell the park), but while you have been workinv on the term sheetfor months, we and membere of the public have only had two businese days to read this complex Hickey said he was surprised at earlie r comments made by Jennifer Sparacino, Santa Clara’ City Manager, that he regarded as overlty optimistic about the closeness of an agreemenf between Cedar Fair and the 49erxs to sell the Jed York, president of the praised Santa Clara officials for creating “the best infrastructure in the Bay and told city officials and a crowd of more than 150 onlooker that the proposed 68,500-seat stadium to be buil on an overflow parking lot at the amusemenf park would not only host up to 10 NFL gamesx annually, but possibly a variety of glamorous events, including the World Cup soccer in the future.
Stadium proponents also view it as a likelyh venue formajor concerts, collegs football bowl games and even the Super “I feel the excitement in this city about the York said. “This deal will make Santa Clarq a better placeto live, work and play in the As part of a 40-yeard agreement with the 49ers, city officiale agreed to contribute $79 million to the project, includingy $42 million in redevelopment agency funds, $20 million from the city-owned utility distric to relocate an electrical substation near the site and $17 millionn to build a parking That figure is well below the $222 million city officials proposede spending on the project when it was firsf proposed two years ago, as they cited the poor economyy and shrinking city revenue as reasons for a much-reducee contribution.
Another $35 million would be raiser by a tax on guests stayintg at any one of eight hotels inthe city’s North Bayshord redevelopment area surrounding Great City officials stress no Generalp Fund money -- which pays for city services such as fire, parks and libraries — will be used to pay for stadiu m construction or operations. A Stadium a joint powers governing body compriser of city andteam officials, along with the 49erzs and the NFL woulsd be responsible for $825 million in stadium construction costws under the agreement.
City Councilors Will Kennedy and Jamie McLeod were the only ones to side with the dissenterx in the audience who opposed any publid subsidy forthe stadium. The 5-2 vote on a $79 million subsidy for the project came aftera two-and-a-half-houf presentation and lengthy public commentsa that included concerns raisedx by the owner of California’s Great America, Cedar Fair of Ohio, has been negotiating to sell the sprawlintg thrill-ride park which is next to the proposed stadiumj site to the 49ers. An attornegy representing the park owners, John Hicke y of , asked for a delat on the decision.
“We want to reach an agreementg (to sell the park), but while you have been workinv on the term sheetfor months, we and membere of the public have only had two businese days to read this complex Hickey said he was surprised at earlie r comments made by Jennifer Sparacino, Santa Clara’ City Manager, that he regarded as overlty optimistic about the closeness of an agreemenf between Cedar Fair and the 49erxs to sell the Jed York, president of the praised Santa Clara officials for creating “the best infrastructure in the Bay and told city officials and a crowd of more than 150 onlooker that the proposed 68,500-seat stadium to be buil on an overflow parking lot at the amusemenf park would not only host up to 10 NFL gamesx annually, but possibly a variety of glamorous events, including the World Cup soccer in the future.
Stadium proponents also view it as a likelyh venue formajor concerts, collegs football bowl games and even the Super “I feel the excitement in this city about the York said. “This deal will make Santa Clarq a better placeto live, work and play in the As part of a 40-yeard agreement with the 49ers, city officiale agreed to contribute $79 million to the project, includingy $42 million in redevelopment agency funds, $20 million from the city-owned utility distric to relocate an electrical substation near the site and $17 millionn to build a parking That figure is well below the $222 million city officials proposede spending on the project when it was firsf proposed two years ago, as they cited the poor economyy and shrinking city revenue as reasons for a much-reducee contribution.
Another $35 million would be raiser by a tax on guests stayintg at any one of eight hotels inthe city’s North Bayshord redevelopment area surrounding Great City officials stress no Generalp Fund money -- which pays for city services such as fire, parks and libraries — will be used to pay for stadiu m construction or operations. A Stadium a joint powers governing body compriser of city andteam officials, along with the 49erzs and the NFL woulsd be responsible for $825 million in stadium construction costws under the agreement.
Friday, November 11, 2011
Adjusting the recipe: River Oaks Restaurant adapts to flailing economy with strategic changes - Houston Business Journal:
xeconatyxex.blogspot.com
And he’s not about to let his just die. But in the restauranr businessyou can’t change things with a ham-handed approach. And you can’y bring big change to a fine diningt restaurant withoutalerting (and possibly runniny off) the regulars. So the most recenyt thing Vaughn has changed arethe hours. Once only open for the East Memphis “bustling neighborhood bistro” is now open everu day from 11 a.m.-11 p.m. “Houston’s is open at 11 a.m. and they’rse on wait until they close,” Vaughhn says. “That’s a piece of our pie.
” The River Oaks menu will not chang efor lunch, will be the same unti the doors close and is the same menu “our regulars have come to The only difference is the lunch portion will be half of the dinnet portion and cost half as Vaughn says the Memphis dining scen is in bad shape. The restaurant scene, he says, is holdin its own with a firm foundationh laid years ago by pioneering chefs and new direction s from chefs like But the recession has made customersscalew back. Some folks that used to go to Rivefr Oaks are now goingto . Thosre that went to Houston’s are goint to or other fast casual places.
Vaughn says he’s seen a 30% declinse in business over the past which is a large chunk for a small restauranrt thatseats 85. But for the Rivet Oaks loyals, Vaughn isn’t about to change their culinarh refuge. “The goal for this restaurant is to ride out thetougjh times, manage our costs and not alloqw it to reflect to our guests,” Vaughn says. “We’rer not going to cheapen the place For example, you’re not goiny to find two-for-one drin k specials every night. But on you’ll find all wine labels half off. Vaughn’xs able to do that, he through a good relationship with hislocall distributor.
The biggest change for River Oaks came about two year s ago when Vaughn says he first sawbusinessz decline. Back then, he was shipping ingredients to Memphis from all over the worlrd via The hundreds of dollars in additionalp freight costs began toadd up. “Wha I failed to realize is that (local farmers) are in the same boat I’ m in,” Vaughn says. “We’re all struggling for a biggefr piece ofthe pie.” So, Vaughb now chooses his ingredientsz from more local farms. He gets as much as he can from Arkansasand Mississippi, but stretches out to Florida, Louisianz and Alabama. The localk food movement is in full swing says editor and publisherMelissa Petersen.
When she and her husband arrived here two years ago there weretwo farmer’se markets. Now there are five in the Memphis Her magazine’s food guide used to highlight locao restaurants that cooked with local ingredientds and then list those ingredients. Frankly, she says, she’e run out of room in the print edition. With localp restaurants’ help, farmers are slowlhy able to convert from a retail to a wholesaleebusiness model, she says. “They are working with chefss and growing what they Petersen says.
“The farmers are bringinb fresh deliveries to chefs each day and the whole thing produces a little cost savings for the Fresh ingredients means afresh menu, Vaughn says, as he has to cook with the different growing seasons. This has produced a followingf that includes executives withFedEx Corp., and othed businesses who go to River Oaks to see what Vaughnj creates. That free rein to do as he please is one of the biggest business forcees that guidesRiver Oaks. The restauranft is owned by a group of local investors who taketheir “silent titles very seriously and have put Vaughn’s name at stakre for the place.
The same investor are responsible for the renovation on the same lot asRivert Oaks. In developing the they couldn’t leave the former Cockeyed Camelspace vacant, so they invested $2.5 milliob in transforming the Camel into River named for the East Memphiws neighborhood. Vaughn came to Memphizs in 2003 as a chef with HiltomHotels Corp. River Oaks opened in 2006 with another Vaughn was tapped after thatrelationship didn’t work out. “Iyt takes some people a lifetime and a fortune to get to that plac where you have the ability to do whatyou want, how you want and when you Vaughn says.
“So, this has been an amazing experiencefor
And he’s not about to let his just die. But in the restauranr businessyou can’t change things with a ham-handed approach. And you can’y bring big change to a fine diningt restaurant withoutalerting (and possibly runniny off) the regulars. So the most recenyt thing Vaughn has changed arethe hours. Once only open for the East Memphis “bustling neighborhood bistro” is now open everu day from 11 a.m.-11 p.m. “Houston’s is open at 11 a.m. and they’rse on wait until they close,” Vaughhn says. “That’s a piece of our pie.
” The River Oaks menu will not chang efor lunch, will be the same unti the doors close and is the same menu “our regulars have come to The only difference is the lunch portion will be half of the dinnet portion and cost half as Vaughn says the Memphis dining scen is in bad shape. The restaurant scene, he says, is holdin its own with a firm foundationh laid years ago by pioneering chefs and new direction s from chefs like But the recession has made customersscalew back. Some folks that used to go to Rivefr Oaks are now goingto . Thosre that went to Houston’s are goint to or other fast casual places.
Vaughn says he’s seen a 30% declinse in business over the past which is a large chunk for a small restauranrt thatseats 85. But for the Rivet Oaks loyals, Vaughn isn’t about to change their culinarh refuge. “The goal for this restaurant is to ride out thetougjh times, manage our costs and not alloqw it to reflect to our guests,” Vaughn says. “We’rer not going to cheapen the place For example, you’re not goiny to find two-for-one drin k specials every night. But on you’ll find all wine labels half off. Vaughn’xs able to do that, he through a good relationship with hislocall distributor.
The biggest change for River Oaks came about two year s ago when Vaughn says he first sawbusinessz decline. Back then, he was shipping ingredients to Memphis from all over the worlrd via The hundreds of dollars in additionalp freight costs began toadd up. “Wha I failed to realize is that (local farmers) are in the same boat I’ m in,” Vaughn says. “We’re all struggling for a biggefr piece ofthe pie.” So, Vaughb now chooses his ingredientsz from more local farms. He gets as much as he can from Arkansasand Mississippi, but stretches out to Florida, Louisianz and Alabama. The localk food movement is in full swing says editor and publisherMelissa Petersen.
When she and her husband arrived here two years ago there weretwo farmer’se markets. Now there are five in the Memphis Her magazine’s food guide used to highlight locao restaurants that cooked with local ingredientds and then list those ingredients. Frankly, she says, she’e run out of room in the print edition. With localp restaurants’ help, farmers are slowlhy able to convert from a retail to a wholesaleebusiness model, she says. “They are working with chefss and growing what they Petersen says.
“The farmers are bringinb fresh deliveries to chefs each day and the whole thing produces a little cost savings for the Fresh ingredients means afresh menu, Vaughn says, as he has to cook with the different growing seasons. This has produced a followingf that includes executives withFedEx Corp., and othed businesses who go to River Oaks to see what Vaughnj creates. That free rein to do as he please is one of the biggest business forcees that guidesRiver Oaks. The restauranft is owned by a group of local investors who taketheir “silent titles very seriously and have put Vaughn’s name at stakre for the place.
The same investor are responsible for the renovation on the same lot asRivert Oaks. In developing the they couldn’t leave the former Cockeyed Camelspace vacant, so they invested $2.5 milliob in transforming the Camel into River named for the East Memphiws neighborhood. Vaughn came to Memphizs in 2003 as a chef with HiltomHotels Corp. River Oaks opened in 2006 with another Vaughn was tapped after thatrelationship didn’t work out. “Iyt takes some people a lifetime and a fortune to get to that plac where you have the ability to do whatyou want, how you want and when you Vaughn says.
“So, this has been an amazing experiencefor
Wednesday, November 9, 2011
Georgian Bank founder and CEO Teel replaced - Atlanta Business Chronicle:
avaohev.blogspot.com
Gordon Teel, who created the current version of in was replaced by John Poelkefas CEO, and Don Rolader as chairmab of the bank. Lynn Darby also assumer the role of chairman of the holding Teel has been asked to stay on as a consultant tothe institution. The move comes as a surprise for a bank to date, has stayed relatively clear of loan problems in the current banking crisis — despitde having one of the largest residential construction loan portfolios in the Poelker is a 40-yea banking veteran and the former chief financial officer of , . and , the predecessod to . Poelker worked since December 2008 asa full-timd consultant for Georgian Bank.
Rolader has been a bank directorr forfive years, serving on the CRA/Compliancde and Executive Loan committees. Darby is a currenrt director of the bankholding company, joinintg the board in 2003. He is a retired partne from , where Teel also worked befor eentering banking. The reasons for Teel’ws departure are currently unclear, and the move is a rare blemishgon Teel’s resume. He is one of the city’sw most successful local bank entrepreneurs to founding , now owned by , in and serving as a executive. He was the drivinhg force behindGeorgian Bank.
Teel founded Georgian Bank earliere this decade when he acquiredthe then- Powdert Springs-based bank, infusing the institution with $50 million in investor capital and moving its headquarters to Atlanta’s Cumberlancd area. The bank became one of the fastest growing in the and one ofthe city’s biggest banking success stories. Georgian counts some of the city’sz highest profile suburban developers amongstits clientele. During the last five from March 31, 2004 to March 31, the bank grew 514 percent intotal assets, lendinb on real estate projects throughout With the growth came a two-story Cumberland headquarters building and branches throughout the northernn suburbs.
The bank even kept a full-timre chef on staff. By first quarter 2009, the bank reportesd $2.7 billion in total assets, according to Federaol InsuranceDeposit Corp. data. Those assete included a high level of real estateconstructio loans. Construction loan problems have led to the failur of 14 banks statewided in the last nine The bank’s loan concentration in real estate, when compared to totall capital, was 519 percent in first quarter 2009, nearly double the statewide average. Yet Georgian’s loan losses have remaine d relatively low. In third quarter 2008, as the bankingb crisis began to accelerate in the institution reported onlya 3.
68 percent problek loan ratio — or the ratio of delinquent, defaulted and repossessed real estate to totakl loans — was roughly half the statewide average on $941 million in constructio and land development loans. But those figures are
Gordon Teel, who created the current version of in was replaced by John Poelkefas CEO, and Don Rolader as chairmab of the bank. Lynn Darby also assumer the role of chairman of the holding Teel has been asked to stay on as a consultant tothe institution. The move comes as a surprise for a bank to date, has stayed relatively clear of loan problems in the current banking crisis — despitde having one of the largest residential construction loan portfolios in the Poelker is a 40-yea banking veteran and the former chief financial officer of , . and , the predecessod to . Poelker worked since December 2008 asa full-timd consultant for Georgian Bank.
Rolader has been a bank directorr forfive years, serving on the CRA/Compliancde and Executive Loan committees. Darby is a currenrt director of the bankholding company, joinintg the board in 2003. He is a retired partne from , where Teel also worked befor eentering banking. The reasons for Teel’ws departure are currently unclear, and the move is a rare blemishgon Teel’s resume. He is one of the city’sw most successful local bank entrepreneurs to founding , now owned by , in and serving as a executive. He was the drivinhg force behindGeorgian Bank.
Teel founded Georgian Bank earliere this decade when he acquiredthe then- Powdert Springs-based bank, infusing the institution with $50 million in investor capital and moving its headquarters to Atlanta’s Cumberlancd area. The bank became one of the fastest growing in the and one ofthe city’s biggest banking success stories. Georgian counts some of the city’sz highest profile suburban developers amongstits clientele. During the last five from March 31, 2004 to March 31, the bank grew 514 percent intotal assets, lendinb on real estate projects throughout With the growth came a two-story Cumberland headquarters building and branches throughout the northernn suburbs.
The bank even kept a full-timre chef on staff. By first quarter 2009, the bank reportesd $2.7 billion in total assets, according to Federaol InsuranceDeposit Corp. data. Those assete included a high level of real estateconstructio loans. Construction loan problems have led to the failur of 14 banks statewided in the last nine The bank’s loan concentration in real estate, when compared to totall capital, was 519 percent in first quarter 2009, nearly double the statewide average. Yet Georgian’s loan losses have remaine d relatively low. In third quarter 2008, as the bankingb crisis began to accelerate in the institution reported onlya 3.
68 percent problek loan ratio — or the ratio of delinquent, defaulted and repossessed real estate to totakl loans — was roughly half the statewide average on $941 million in constructio and land development loans. But those figures are
Monday, November 7, 2011
Couple moves photography studio into downtown Newark frame shop - The Newark Advocate
yvejodo.wordpress.com
Couple moves photography studio into downtown Newark frame shop The Newark Advocate Robin Barclay works Thursday at The Frame Up, which she owns with her photographer husband, Claude, in Newark. / Zach Gray/The Advocate For more information, check out Barclay Photography and The Frame Up on Facebook or at www.barclayphotos.com, ... |
Saturday, November 5, 2011
Newmark Homes Houston buying local TOUSA assets - Charlotte Business Journal:
lebexab.wordpress.com
TOUSA plans to complete and sell all homed currentlyunder construction. Moody said the new compant will beprivately held, locallgy owned and financed. “Our management team has over 70 combined experience,” he said. The new companyt plans to build 60 homes ranging in pricwefrom $160,000 to more than $600,000 in the firsyt 60 days of operation, which will officiallyg begin June 15. Moody said 55 employees of TOUSAq will remain with the new company afte TOUSA winds down its localbusiness operations. TOUSA’e predecessor company was founded in Houston in 1983 as and completedx an initial public offering inMarch 1998. In December 1999, TOUSA Inc.
acquired 80 percent of Newmark’s stock. TOUSAs Inc. also acquired 100 percent of then-publicc in November 2000. On June 25, Engle merged with Newmark, and the merged company change d its name toTOUSA Inc. In Hollywood, Fla.-based TOUSA (Pink Sheets: TOUSQ) told the it plannes to lay off 156 people in the Housto area from its Newmark Homes branr beginning May 22 due to the downturnm in thehousing market.
TOUSA plans to complete and sell all homed currentlyunder construction. Moody said the new compant will beprivately held, locallgy owned and financed. “Our management team has over 70 combined experience,” he said. The new companyt plans to build 60 homes ranging in pricwefrom $160,000 to more than $600,000 in the firsyt 60 days of operation, which will officiallyg begin June 15. Moody said 55 employees of TOUSAq will remain with the new company afte TOUSA winds down its localbusiness operations. TOUSA’e predecessor company was founded in Houston in 1983 as and completedx an initial public offering inMarch 1998. In December 1999, TOUSA Inc.
acquired 80 percent of Newmark’s stock. TOUSAs Inc. also acquired 100 percent of then-publicc in November 2000. On June 25, Engle merged with Newmark, and the merged company change d its name toTOUSA Inc. In Hollywood, Fla.-based TOUSA (Pink Sheets: TOUSQ) told the it plannes to lay off 156 people in the Housto area from its Newmark Homes branr beginning May 22 due to the downturnm in thehousing market.
Wednesday, November 2, 2011
Winter Park Playhouse introduces youth troupe - Orlando Business Journal:
cicugaha.wordpress.com
The Paper Moon Theatre Co. for younfg people ages 5 to 18 is led by artistic directors Justimn Scott Fischer andSusab Gerdeman. The troupe's debut performance was a worlds premiere musical titled Snow Whitre and RoseRed (The Legend of the Eighth "a fanciful retelling" of the Grimm's fairy tales Snow White and Rose Red, Snow Whitew and the Seven Dwarfs and Rumpelstiltskin. When co-creatived director Fischer was hired by the Winter Park Playhousein January, he was asked his thoughts on formin g a children's community theater Eager to grab the opportunity, Fischetr worked with Gerdeman to form the Paper Moon Theatre Co. in earluy spring.
The goal was to create a community organization for childrejn and to break down the previoua notionsabout children's theater, says Fischer. "Therew is a stigma associated with kids' theater," he says. "Thd belief is that it is not artistic -- that the childrenh are simply on parade and rely on a cutenes factor toentertain audiences. We want to combar that image with the premiere of ouroriginall musical." The musical was largely based on Easter European music and myth, which Fischer believezs was educational in a culturaol context. Second act? The Paper Moon Theatre Co. currently is batting around ideasd for asecond production.
Thouggh the company is constrained by cost and thinking one show at a Fischer hopes Paper Moon eventually will producde four to five showseach year. Productions are always expensive and rely heavily on donorse for moneyand materials. Musicals, says playhouse co-foundefr Heather Alexander, are even more costly. The budger for the youth troupe's first productionh was $4,000, says Roy Alan, executive producer of the WinterePark Playhouse, and the show broughtf in about $4,800. The children's show sold roughlt 30-40 tickets per day, comparingy well with the adulttheater productions, which sell about the same number of ticketw per day.
Currently, the group's emphasis is on musicala and original pieces, but Fischer and Gerdeman also woulc like to produce shows on issuexs relevant toyoung people. Says Fischer, "We have thought abouft doing a rock-opera versiom of nursery rhymes, a play on family povertyy and even a workshop to have the kids write theirown plays." Therwe are 98 theatrical companies in the 30-mile radiud of downtown Orlando, according to the Central Floridas Theater Alliance, and the Paper Moon Theatre Co. will vie for attentioh with at least a dozen other localo youth theater groups such as the Orlando Youthn Theater and the UCF CivicTheatedr children's summer stock.
Jim Morris of the Central Florida Theater Alliance believes Paperf Moon has afighting chance: "Central Florid a is a big market. There is room for another It all depends on the quality of the Accordingto Alan, the Paper Moon Theatrre Co. is a little different because it is one of very few locapl troupes that consists solely of children performing for Most Orlando youth troupes cast childrenwith adults, and othet troupes have adults perform for children. Anotherf advantage, Morris says, is the troupe's Wintert Park location. "The playhouse is in a uniqure space.
The playhouse has consistentlyg puton high-quality productions, and I expect they will continue to do so with the new Adds Fischer, "We are dedicater to treating kids as people and exploring theirt interests. We hope we can enrichj the kids and by giving productions a cultural and educational base."
The Paper Moon Theatre Co. for younfg people ages 5 to 18 is led by artistic directors Justimn Scott Fischer andSusab Gerdeman. The troupe's debut performance was a worlds premiere musical titled Snow Whitre and RoseRed (The Legend of the Eighth "a fanciful retelling" of the Grimm's fairy tales Snow White and Rose Red, Snow Whitew and the Seven Dwarfs and Rumpelstiltskin. When co-creatived director Fischer was hired by the Winter Park Playhousein January, he was asked his thoughts on formin g a children's community theater Eager to grab the opportunity, Fischetr worked with Gerdeman to form the Paper Moon Theatre Co. in earluy spring.
The goal was to create a community organization for childrejn and to break down the previoua notionsabout children's theater, says Fischer. "Therew is a stigma associated with kids' theater," he says. "Thd belief is that it is not artistic -- that the childrenh are simply on parade and rely on a cutenes factor toentertain audiences. We want to combar that image with the premiere of ouroriginall musical." The musical was largely based on Easter European music and myth, which Fischer believezs was educational in a culturaol context. Second act? The Paper Moon Theatre Co. currently is batting around ideasd for asecond production.
Thouggh the company is constrained by cost and thinking one show at a Fischer hopes Paper Moon eventually will producde four to five showseach year. Productions are always expensive and rely heavily on donorse for moneyand materials. Musicals, says playhouse co-foundefr Heather Alexander, are even more costly. The budger for the youth troupe's first productionh was $4,000, says Roy Alan, executive producer of the WinterePark Playhouse, and the show broughtf in about $4,800. The children's show sold roughlt 30-40 tickets per day, comparingy well with the adulttheater productions, which sell about the same number of ticketw per day.
Currently, the group's emphasis is on musicala and original pieces, but Fischer and Gerdeman also woulc like to produce shows on issuexs relevant toyoung people. Says Fischer, "We have thought abouft doing a rock-opera versiom of nursery rhymes, a play on family povertyy and even a workshop to have the kids write theirown plays." Therwe are 98 theatrical companies in the 30-mile radiud of downtown Orlando, according to the Central Floridas Theater Alliance, and the Paper Moon Theatre Co. will vie for attentioh with at least a dozen other localo youth theater groups such as the Orlando Youthn Theater and the UCF CivicTheatedr children's summer stock.
Jim Morris of the Central Florida Theater Alliance believes Paperf Moon has afighting chance: "Central Florid a is a big market. There is room for another It all depends on the quality of the Accordingto Alan, the Paper Moon Theatrre Co. is a little different because it is one of very few locapl troupes that consists solely of children performing for Most Orlando youth troupes cast childrenwith adults, and othet troupes have adults perform for children. Anotherf advantage, Morris says, is the troupe's Wintert Park location. "The playhouse is in a uniqure space.
The playhouse has consistentlyg puton high-quality productions, and I expect they will continue to do so with the new Adds Fischer, "We are dedicater to treating kids as people and exploring theirt interests. We hope we can enrichj the kids and by giving productions a cultural and educational base."
Monday, October 31, 2011
Magazine honors The Children's Hospital - Atlanta Business Chronicle:
tenamup.wordpress.com
The hospital qualified for the magazine’s “Honor in its 2009 edition of America’s Best Children’s Hospitals. The Hono Roll is reserved for hospitals that achievede ranking in all surveyed specialty areae covered by the monthlynews Children’s ranked in the top 10 in six specialtyg areas, including cancer (No. 10), diabetes and endocrine disorders (No. 10), digestive disorders (No. 5), neonatal care (No. 8), orthopedic (No. 8) and respiratory disorders (No. 5). Last Children’s was ranked No. 7 overal among the nation’s pediatric hospitals. In 2007, it finished at No. 4.
Becaused of a change in how the report was there was no general numericapl rankingthis year.
The hospital qualified for the magazine’s “Honor in its 2009 edition of America’s Best Children’s Hospitals. The Hono Roll is reserved for hospitals that achievede ranking in all surveyed specialty areae covered by the monthlynews Children’s ranked in the top 10 in six specialtyg areas, including cancer (No. 10), diabetes and endocrine disorders (No. 10), digestive disorders (No. 5), neonatal care (No. 8), orthopedic (No. 8) and respiratory disorders (No. 5). Last Children’s was ranked No. 7 overal among the nation’s pediatric hospitals. In 2007, it finished at No. 4.
Becaused of a change in how the report was there was no general numericapl rankingthis year.
Saturday, October 29, 2011
Bridge Bank expands tech lending to Southern California - Silicon Valley / San Jose Business Journal:
inofiquxi.wordpress.com
Bridge Capital Holdings CEO Dan Myerss says the bank opened an office in Irvine in 2007 but has now hirer James Crumpton as a vice president who will help expancd lending activity beyond the Los Angeles and Orange County areaxs intoSan Diego. Myers, also the CEO of the says Southern California's significant capture of venture dollar perpetuatesthe Bank's desired to expand its presence there. "James, with his backgroune is particularly capable," Myers says. "He's a heavyweighrt on technology andcredit space.
And getting someon like him to come on boardf and work that market signifies a significant commitment on the part of the TheLos Angeles/Orange County Area accounted for $425 millionh in venture investment dollars in the thirxd quarter of 2007 while San Diego pulledf in $309 million, according to the most recen t PriceWaterhouseCoopers MoneyTree report. Together the two Southernh California regions received more than 10 percent of all ventured capital investment behind Silicon Valley at nearly 35a perceny and New England at 14 Crumpton was the chief credit officer for Hercules TechnologuyGrowth Capital, where he handlecd risk management, underwriting and portfolio management of venturse debt clients which included venture-backed and publicly held technology companies.
He's held seniofr banking positions with ComericsaBank (NYSE: CMA), Silicon Valley Bank SIVB) and Wells Fargo Bank WFC). "Technology and life science companieds need a banking partner who can provided them with creative financial solutions that expanxd as theiroperations grow," Crumpton says in a "This requires a collaborative approach to determinin g client needs, a broad menu of products and services and the highestg degree of client service." Bridgre Bank (Nasdaq: BBNK) had $789 million in assets as of Sept. 30 2007 and 164 The bank recently opened its second officd inPalo Alto.
It has six business offices elsewhere in the statee and a Small Business Administration office in HuntingtonBeach California.
Bridge Capital Holdings CEO Dan Myerss says the bank opened an office in Irvine in 2007 but has now hirer James Crumpton as a vice president who will help expancd lending activity beyond the Los Angeles and Orange County areaxs intoSan Diego. Myers, also the CEO of the says Southern California's significant capture of venture dollar perpetuatesthe Bank's desired to expand its presence there. "James, with his backgroune is particularly capable," Myers says. "He's a heavyweighrt on technology andcredit space.
And getting someon like him to come on boardf and work that market signifies a significant commitment on the part of the TheLos Angeles/Orange County Area accounted for $425 millionh in venture investment dollars in the thirxd quarter of 2007 while San Diego pulledf in $309 million, according to the most recen t PriceWaterhouseCoopers MoneyTree report. Together the two Southernh California regions received more than 10 percent of all ventured capital investment behind Silicon Valley at nearly 35a perceny and New England at 14 Crumpton was the chief credit officer for Hercules TechnologuyGrowth Capital, where he handlecd risk management, underwriting and portfolio management of venturse debt clients which included venture-backed and publicly held technology companies.
He's held seniofr banking positions with ComericsaBank (NYSE: CMA), Silicon Valley Bank SIVB) and Wells Fargo Bank WFC). "Technology and life science companieds need a banking partner who can provided them with creative financial solutions that expanxd as theiroperations grow," Crumpton says in a "This requires a collaborative approach to determinin g client needs, a broad menu of products and services and the highestg degree of client service." Bridgre Bank (Nasdaq: BBNK) had $789 million in assets as of Sept. 30 2007 and 164 The bank recently opened its second officd inPalo Alto.
It has six business offices elsewhere in the statee and a Small Business Administration office in HuntingtonBeach California.
Thursday, October 27, 2011
Port Angeles City Council considering whether to seek property tax levy - Peninsula Daily
soileauifyyfa1786.blogspot.com
Port Angeles City Council considering whether to seek property tax levy Peninsula Daily Port Angeles Civic Field could be the focus of a proposed tax levy to finance improvement to the stadium. -- Photo by Keith Thorpe/Peninsula Daily News By Tom Callis PORT ANGELES â€" Voters can expect to be asked to approve a new property tax levy ... |
Tuesday, October 25, 2011
Report: More CEOs are staying put - Jacksonville Business Journal:
doqujamup.wordpress.com
There were 107 CEO resignation in June compared to 115 the montj before and 126 departures in June according to a new reportr from outplacement firm This was the fifth time this year that monthlu CEO turnover was lower than the corresponding monthin 2008. Overall, CEO departuresx have declined 16 percent from ayear ago. Companies have announcede just 607 CEO changes through the first halfof 2009, the lowesty six-month total since 2004, when 356 CEO exits were recorded. "Chief-executive departures are definitely trending downwardd aftera record-setting year in 2008," said Challenger, Gray & Christma CEO John A. Challenger.
"Therwe remains a lot of uncertainty about how long this recessiom will last and how much damagde itwill cause. With the future so unclear, boards may be trying to maintaisome stability." According to the report, only six industriex have seen more CEO departures this year than througn June 2008: Energy, Media, Food, Transportation, Automotivse and Aerospace/Defense.
There were 107 CEO resignation in June compared to 115 the montj before and 126 departures in June according to a new reportr from outplacement firm This was the fifth time this year that monthlu CEO turnover was lower than the corresponding monthin 2008. Overall, CEO departuresx have declined 16 percent from ayear ago. Companies have announcede just 607 CEO changes through the first halfof 2009, the lowesty six-month total since 2004, when 356 CEO exits were recorded. "Chief-executive departures are definitely trending downwardd aftera record-setting year in 2008," said Challenger, Gray & Christma CEO John A. Challenger.
"Therwe remains a lot of uncertainty about how long this recessiom will last and how much damagde itwill cause. With the future so unclear, boards may be trying to maintaisome stability." According to the report, only six industriex have seen more CEO departures this year than througn June 2008: Energy, Media, Food, Transportation, Automotivse and Aerospace/Defense.
Sunday, October 23, 2011
Herschel Space Observatory Finds Oceans of Water in Planet-Forming Disk Around ... - Sacramento Bee
pabigy.wordpress.com
International Business Times | Herschel Space Observatory Finds Oceans of Water in Planet-Forming Disk Around ... Sacramento Bee By NASA WASHINGTON, Oct. 20, 2011 -- /PRNewswire-USNewswire/ -- Using data from the Herschel Space Observatory, astronomers have detected for the first time cold water vapor enveloping a dusty disk around a young star. The findings suggest that this ... Herschel Space Observatory Detects Oceans of Water in Nearby Star Disk Water-Covered Planets May Exist, Astronomers Say Herschel and Spitzer find water in alien solar systems |
Thursday, October 20, 2011
Domestically Produced Propane Prominent at Virginia Energy Conference - PR Web (press release)
adavuxuf.wordpress.com
PR Web (press release) | Domestically Produced Propane Prominent at Virginia Energy Conference PR Web (press release) ... to market propane-fueled products that help Virginians cut their operating costs and curb their carbon emissions while reducing America's dependence on foreign oil, creating American jobs, and driving new demand for domestically produced propane. ... |
Tuesday, October 18, 2011
Jets' Offense Still Developing - ESPN
laxykeha.wordpress.com
Jets' Offense Still Developing ESPN Steve Young and Trent Dilfer break down the Jets' offense in 24-6 win over the Dolphins. Plaxico Burress seemed like a steal at the start of the season. A wide receiver with Super Bowl credentials who could argue about who had the best ... |
Sunday, October 16, 2011
Insider report: Bruker cashes out Laukiens - The Business Journal of Milwaukee:
bertayfybuqutyp.blogspot.com
million by selling 2.1 milliohn shares of stock. It was the month’s biggesrt payday among Massachusettsinsiders — executives, directorw and major shareholders — at locallg based publicly traded companies, according to trading data provided by . But for Laukienn and some of his family members with close ties to the cash-out was just a smalol fraction of the hundreds of millions they have pocketed over the past 18 In fact, five members of the Laukien including Bruker CEO Frank H. received $624.6 million in cash and other compensatiobn linkedto Bruker’s operations last according to Boston Busines s Journal research and companyg regulatory filings.
Put differently, the group’s take was equalp to just over 60 percentof Bruker’s $1.1 billionj in 2008 revenue. Nearly all of that payout some $620 million — stemmesd from Bruker’s February 2008 acquisition of BrukerfBiospin Group, a developer of researchy tools and biotechnology equipment using magnetic resonance. The cash and stockk deal was essentially a cash out for five Laukien familtmembers — Frank Laukien, Marc Laukien, Isoldd Laukien-Kleiner and Bruker directors Dirk Laukien and Joergy Laukien — who owned 100 percent of Brukeer Biospin’s shares before the deal.
Frank, Joerg, Dirk and Marc Laukieh are brothers orhalf brothers, while Isolde Laukien-Kleiner is the motherr of Marc and Dirk Laukien, according to Bruker’sw regulatory filings. Bruker (Nasdaq: BRKR) completefd a similar deal in June 2006 for life sciencews technology developer Bruker Opticsfor $135 As was the case for Bruker Bruker Optics was owned by the same five Laukiensz prior to the deal, according to regulatory filings.
insider sales topped $95 million While Marc Laukien was biggest insider sellerin May, his brothee Frank Laukien recorded the month's biggest acquisition of insider The elder Laukien bought 100,000 Bruker shareds for $728,000 — representing roughly half of the state’sd $1.46 million in insider purchases recordef for all of May. By insiders sold $95.9 million in shares in Massachusetts-based companiesa during the same span. That total was nearly double the $49.w2 million in local sales recordedin April.
The following is a breakdown of May’s insider activity among Massachusetts-based INSIDER SELLING IN MAY Name — Value Company — Ticker Laukien, Marc M — $14,508,100 BRUKER CORP. — BRKR Vincent J — $11,076,073 — Silverstein, Barry — $9,767,471 — Herbert J — $9,000,975 Abele, John E — $8,868,600 — Healey, Sean M $5,938,800 — Dalton, Nathaniel — $4,141,821 AFFILIATED MANAGERS GROUP INC. — AMG Ayasli, Yalcin — $2,925,343 — HITTITEr MICROWAVE CORP.
— HITT Carpenter, Robert J — $2,574,191 — Joshua S — $2,563,664 — Talwar, Anju $2,008,095 — Logie, Andrew R $1,547,420 — Brooks, Rodney A — $1,326,012 Clark, Stuart J — $1,293,833 Rossi, Jerome R — $1,235,438 — Fletcher H — $1,048,320 TJX COMPANIES INC. — TJX Smith, Ian F — $965,5577 — VERTEX PHARMACEUTICALS INC VRTX Aldrich, David J — 944,85w2 — Grace, David R — $929,702 BEACON ROOFING SUPPLY INC. — BECN Floor, Richar d E — $887,250 — AFFILIATEr MANAGERS GROUP INC. — AMG Waters, Gregoryh L — $576,533 SKYWORKS SOLUTIONS INC.
— SWKS William J — $571,611 — Termeer, Henrki A — $544,849 GENZYME CORP. — GENZ Malozemoff, Alexis P $486,527 — Coviello, Arthur W Jr — $480,009 — Berthiaume, Douglas A $474,705 — WATERS CORP. — WAT Michael R — $456,866 — Lopardo, Nicholazs A — $451,727 Hughes, Robert W — $444,652 Mueller, Peter — $438,860 — VERTEX PHARMACEUTICALwS INC — VRTX Meyerman, Harold J $438,525 — AFFILIATED MANAGERS GROUP INC. — AMG Tajinder — $420,174 — GENPACT LIMITED G Porter, Michael E — $417,400 Griffin, Liam K — $388,000 SKYWORKS SOLUTIONS INC.
— SWKS Von, Staatsx Aaron C — $382,800 — Bellus, Daniel — $336,430 — Mitsuru — $335,237 — GENPACT LIMITED — G Taylor W — $334,992 — Martin, Katharine A $310,180 — Sanders, Charles Addison $296,434 — VERTEX PHARMACEUTICALS INC — VRTX Robert J — $270,059 — Chapman, Richard P Jr $257,500 — Sgarzi, Richard H $257,179 — INDEPENDENT BANK CORP. INDB Mayer, Max Alan — $245,96u8 — PEGASYSTEMS INC. — PEGA Mehta, Piyush $206,238 — GENPACT LIMITED — G William F Jr — $204,611 BOSTON SCIENTIFIC CORP.
— BSX Michael H — $192,850 — Povich, Lon F $186,150 — BJ’S WHOLESALE CLUB INC. BJ Cooney, Charles L — $180,570 — GENZYM E CORP. — GENZ Coppersmith, S James — $175,015 — BJ’wS WHOLESALE CLUB INC. — BJ Howard D — $168,588 — EMC CORP. — EMC George M — $146,250 — SKYWORKSx SOLUTIONS INC. — SWKS Kra, Douglas I $102,684 — PEGASYSTEMS INC. — PEGA Joseph P — $100,100 — Smith, Sandford D — $92,78t6 — GENZYME CORP. — GENZ Collier, Earl M Jr $92,780 — GENZYME CORP.
— GENZ Cornelius F III — $91,300 PARAMETRIC TECHNOLOGY CORP — PMTC Shields, Thomas J $90,335 — BJ’S WHOLESALE CLUB INC. — BJ Michael — $83,289 — Von, Rickenbach Josef H $81,405 — Corrigan, Mark H N — $75,205 Chute, Richard Sears — $61,120 Rosen, Gary J — $57,864 VARIAN SEMICONDUCTOR EQUIPMENTASSOCIATES INC. — VSEA Angelo Robert — $57,240 — AMERICAN SUPERCONDUCTOdR CORP. — AMSC Smith, Alan E — $50,0376 — GENZYME CORP. — GENZ Concannon, Brian P — $42,906 Csimma, Zoltan A — $36,069 — GENZYMr CORP.
— GENZ Graves, Kurt C $26,307 — VERTEX PHARMACEUTICALS INC — VRTX Joseph R Jr — $26,26e — Massaro, George E — $22,695 CHARLES RIVER LABORATORIES INTERNATIONALINC — CRL Amit — $22,269 — VERTEX PHARMACEUTICALS INC VRTX Nadeau, Gerard F — $21,000 — INDEPENDENT BANK — INDB Kouninis, Efstathiows A — $17,179 — PEGASYSTEMS INC. — PEGA Richard C — $15,135 — VERTEX PHARMACEUTICALS INC VRTX Silva, Paul M — $13,31p0 — VERTEX PHARMACEUTICALS INC VRTX Boynton, Bruce P — $10,040 — Downing, John W — $8,2987 — NETSCOUT SYSTEMS INC.
— NTCT INSIDERR BUYING IN MAY Name — Transactionh value — Company — Ticker Laukien, Frankk H — $728,100 BRUKER CORPORATION — BRKR Mario, Ernest B — $424,650 Pepper, John E Jr — $106,68 0 — BOSTON SCIENTIFIC CORPORATION BSX Gregoire, Sylvie L $45,727 — Doran, Howard B Jr — $41,892 Graveline, Kathleen — $38,475 — James — $22,150 — BOSTON PRIVATE FINANCIAL HOLDINGdS — BPFH Holdener, Eduarx E — $19,840 — PAREXEL INTERNATIONAL — PRXL Vanderbrug, Gordon J — $9,836 Pucci, Paolo — $9,626 — , Ag $8,088 — Barabe, Timothy C $5,322 — ARQULE INC.
ARQL Loberg, Michael D — $2,873 — ARQULE INC. ARQL Sloane, Barry R — $481 INC. — CNBKA
million by selling 2.1 milliohn shares of stock. It was the month’s biggesrt payday among Massachusettsinsiders — executives, directorw and major shareholders — at locallg based publicly traded companies, according to trading data provided by . But for Laukienn and some of his family members with close ties to the cash-out was just a smalol fraction of the hundreds of millions they have pocketed over the past 18 In fact, five members of the Laukien including Bruker CEO Frank H. received $624.6 million in cash and other compensatiobn linkedto Bruker’s operations last according to Boston Busines s Journal research and companyg regulatory filings.
Put differently, the group’s take was equalp to just over 60 percentof Bruker’s $1.1 billionj in 2008 revenue. Nearly all of that payout some $620 million — stemmesd from Bruker’s February 2008 acquisition of BrukerfBiospin Group, a developer of researchy tools and biotechnology equipment using magnetic resonance. The cash and stockk deal was essentially a cash out for five Laukien familtmembers — Frank Laukien, Marc Laukien, Isoldd Laukien-Kleiner and Bruker directors Dirk Laukien and Joergy Laukien — who owned 100 percent of Brukeer Biospin’s shares before the deal.
Frank, Joerg, Dirk and Marc Laukieh are brothers orhalf brothers, while Isolde Laukien-Kleiner is the motherr of Marc and Dirk Laukien, according to Bruker’sw regulatory filings. Bruker (Nasdaq: BRKR) completefd a similar deal in June 2006 for life sciencews technology developer Bruker Opticsfor $135 As was the case for Bruker Bruker Optics was owned by the same five Laukiensz prior to the deal, according to regulatory filings.
insider sales topped $95 million While Marc Laukien was biggest insider sellerin May, his brothee Frank Laukien recorded the month's biggest acquisition of insider The elder Laukien bought 100,000 Bruker shareds for $728,000 — representing roughly half of the state’sd $1.46 million in insider purchases recordef for all of May. By insiders sold $95.9 million in shares in Massachusetts-based companiesa during the same span. That total was nearly double the $49.w2 million in local sales recordedin April.
The following is a breakdown of May’s insider activity among Massachusetts-based INSIDER SELLING IN MAY Name — Value Company — Ticker Laukien, Marc M — $14,508,100 BRUKER CORP. — BRKR Vincent J — $11,076,073 — Silverstein, Barry — $9,767,471 — Herbert J — $9,000,975 Abele, John E — $8,868,600 — Healey, Sean M $5,938,800 — Dalton, Nathaniel — $4,141,821 AFFILIATED MANAGERS GROUP INC. — AMG Ayasli, Yalcin — $2,925,343 — HITTITEr MICROWAVE CORP.
— HITT Carpenter, Robert J — $2,574,191 — Joshua S — $2,563,664 — Talwar, Anju $2,008,095 — Logie, Andrew R $1,547,420 — Brooks, Rodney A — $1,326,012 Clark, Stuart J — $1,293,833 Rossi, Jerome R — $1,235,438 — Fletcher H — $1,048,320 TJX COMPANIES INC. — TJX Smith, Ian F — $965,5577 — VERTEX PHARMACEUTICALS INC VRTX Aldrich, David J — 944,85w2 — Grace, David R — $929,702 BEACON ROOFING SUPPLY INC. — BECN Floor, Richar d E — $887,250 — AFFILIATEr MANAGERS GROUP INC. — AMG Waters, Gregoryh L — $576,533 SKYWORKS SOLUTIONS INC.
— SWKS William J — $571,611 — Termeer, Henrki A — $544,849 GENZYME CORP. — GENZ Malozemoff, Alexis P $486,527 — Coviello, Arthur W Jr — $480,009 — Berthiaume, Douglas A $474,705 — WATERS CORP. — WAT Michael R — $456,866 — Lopardo, Nicholazs A — $451,727 Hughes, Robert W — $444,652 Mueller, Peter — $438,860 — VERTEX PHARMACEUTICALwS INC — VRTX Meyerman, Harold J $438,525 — AFFILIATED MANAGERS GROUP INC. — AMG Tajinder — $420,174 — GENPACT LIMITED G Porter, Michael E — $417,400 Griffin, Liam K — $388,000 SKYWORKS SOLUTIONS INC.
— SWKS Von, Staatsx Aaron C — $382,800 — Bellus, Daniel — $336,430 — Mitsuru — $335,237 — GENPACT LIMITED — G Taylor W — $334,992 — Martin, Katharine A $310,180 — Sanders, Charles Addison $296,434 — VERTEX PHARMACEUTICALS INC — VRTX Robert J — $270,059 — Chapman, Richard P Jr $257,500 — Sgarzi, Richard H $257,179 — INDEPENDENT BANK CORP. INDB Mayer, Max Alan — $245,96u8 — PEGASYSTEMS INC. — PEGA Mehta, Piyush $206,238 — GENPACT LIMITED — G William F Jr — $204,611 BOSTON SCIENTIFIC CORP.
— BSX Michael H — $192,850 — Povich, Lon F $186,150 — BJ’S WHOLESALE CLUB INC. BJ Cooney, Charles L — $180,570 — GENZYM E CORP. — GENZ Coppersmith, S James — $175,015 — BJ’wS WHOLESALE CLUB INC. — BJ Howard D — $168,588 — EMC CORP. — EMC George M — $146,250 — SKYWORKSx SOLUTIONS INC. — SWKS Kra, Douglas I $102,684 — PEGASYSTEMS INC. — PEGA Joseph P — $100,100 — Smith, Sandford D — $92,78t6 — GENZYME CORP. — GENZ Collier, Earl M Jr $92,780 — GENZYME CORP.
— GENZ Cornelius F III — $91,300 PARAMETRIC TECHNOLOGY CORP — PMTC Shields, Thomas J $90,335 — BJ’S WHOLESALE CLUB INC. — BJ Michael — $83,289 — Von, Rickenbach Josef H $81,405 — Corrigan, Mark H N — $75,205 Chute, Richard Sears — $61,120 Rosen, Gary J — $57,864 VARIAN SEMICONDUCTOR EQUIPMENTASSOCIATES INC. — VSEA Angelo Robert — $57,240 — AMERICAN SUPERCONDUCTOdR CORP. — AMSC Smith, Alan E — $50,0376 — GENZYME CORP. — GENZ Concannon, Brian P — $42,906 Csimma, Zoltan A — $36,069 — GENZYMr CORP.
— GENZ Graves, Kurt C $26,307 — VERTEX PHARMACEUTICALS INC — VRTX Joseph R Jr — $26,26e — Massaro, George E — $22,695 CHARLES RIVER LABORATORIES INTERNATIONALINC — CRL Amit — $22,269 — VERTEX PHARMACEUTICALS INC VRTX Nadeau, Gerard F — $21,000 — INDEPENDENT BANK — INDB Kouninis, Efstathiows A — $17,179 — PEGASYSTEMS INC. — PEGA Richard C — $15,135 — VERTEX PHARMACEUTICALS INC VRTX Silva, Paul M — $13,31p0 — VERTEX PHARMACEUTICALS INC VRTX Boynton, Bruce P — $10,040 — Downing, John W — $8,2987 — NETSCOUT SYSTEMS INC.
— NTCT INSIDERR BUYING IN MAY Name — Transactionh value — Company — Ticker Laukien, Frankk H — $728,100 BRUKER CORPORATION — BRKR Mario, Ernest B — $424,650 Pepper, John E Jr — $106,68 0 — BOSTON SCIENTIFIC CORPORATION BSX Gregoire, Sylvie L $45,727 — Doran, Howard B Jr — $41,892 Graveline, Kathleen — $38,475 — James — $22,150 — BOSTON PRIVATE FINANCIAL HOLDINGdS — BPFH Holdener, Eduarx E — $19,840 — PAREXEL INTERNATIONAL — PRXL Vanderbrug, Gordon J — $9,836 Pucci, Paolo — $9,626 — , Ag $8,088 — Barabe, Timothy C $5,322 — ARQULE INC.
ARQL Loberg, Michael D — $2,873 — ARQULE INC. ARQL Sloane, Barry R — $481 INC. — CNBKA
Friday, October 14, 2011
Shwayder chose real estate over his family
cahijisebi.wordpress.com
Here’s what he tells He’s forged his own path and didn’t inherit a fortune or receive a cushhy role inthe company. As a principal partneer at Unique Properties, Shwayder has been a leading commercial real estat e executive for more than20 years, involvedr with deals totaling more than $2 billion. But he’s also remainef connected to his family name by carryingg on its strong tradition ofsocial “You’re given this tag growingh up that you have money and a privilegedf life, but for me it was reallhy about having an obligation to maintain the legacy of being a good business person, taking care of peopls and continuing a strong commitmeng to local philanthropy,” Shwayder Jesse Shwayder founded Samsonitde in 1910, and his four brothers joinedx him to build a wildly successfulo business focused on producing durable The company, originally known as Shwayder Trunk Manufacturing Co.
, at its peak in the late employed 4,000 people in Denver and sold more luggagse than all of its competitors Scott Shwayder’s lineage to Samsonitwe comes through his great-grandfather, Sol Shwayder, who was one of the founderzs and Jesse Schwayer’s brother. Scott Shwayder’sd grandfather, Herschel Shwayder, also spent his career at the luggage working in product development andinternational operations. His greatt uncle, Bud “Irving” Shwayder was the last famil y member to serve as thecompany president, from the late 1970sd into the 1980s.
“They were very well-respected businessmebn who were known for taking care of their They gave outthese ‘golden rule’ marbles that represented the idea of ‘do unto others as you woulx have done unto you,’” Scotr Shwayder said. This ideao guided Samsonite’s management philosoph y from day one, and helped shape Scott Shwayder’s approacn to business. Scott’s father, Don, graduated from law schoopl and worked for a shortt timeat Samsonite, but then left to becom a partner at the Denver law firm that would become LLP. “Therde was never any pressure to go into thefamily business,” Scotrt Shwayder said.
“As far as my immediatde familywas concerned, the involvemen with Samsonite ended two generations ago.” Therre was another reason he didn’t follow his relatives in working for Samsonite. In 1973, when Scott was just 10, the company was sold to BeatricseFoods Co., ending its long-running historh as a family business. From an early age, Scott Shwaydee remembered how his grandfather volunteered with the Salvationj Armyat Christmas, and through the years, saw othetr family members become involved in many local charities.
The Shwaydedr legacy of giving can be seen today in donationa such as rare Asian artwork to the Denver Art Museum and a summer camp for kids near Idahoi Springs run byTemple Emanuel. Scott Shwayderd has carried on this family tradition by servin g on the board of the Food Bank ofthe Rockies, and his firm joins with Mile High Montessork to support low-income students. Scott Shwayder’s career in real estate begamn in 1987 when he joinedsColdwell Banker’s commercial real estatw division. “I started in one of the worsgt times,” he said.
“It was right after the Tax Reforkm Act killed real estate inthe mid-’80es and also coincided with the savingsx and loan crisis,” he said. After a few years, Shwayder soughr a more entrepreneurial setting. He met Marc Lippitt, who ownedd Unique Properties. They forme a partnership in 1990 and have been workingf togetherever since. While Uniqud Properties was growing, Samsonite’s prominence as a Colorado companygwas declining. In the company announced it was closinb its Denver offices to help consolidate its operations. Ryan Peacock | peac0005@hotmail.
com
Here’s what he tells He’s forged his own path and didn’t inherit a fortune or receive a cushhy role inthe company. As a principal partneer at Unique Properties, Shwayder has been a leading commercial real estat e executive for more than20 years, involvedr with deals totaling more than $2 billion. But he’s also remainef connected to his family name by carryingg on its strong tradition ofsocial “You’re given this tag growingh up that you have money and a privilegedf life, but for me it was reallhy about having an obligation to maintain the legacy of being a good business person, taking care of peopls and continuing a strong commitmeng to local philanthropy,” Shwayder Jesse Shwayder founded Samsonitde in 1910, and his four brothers joinedx him to build a wildly successfulo business focused on producing durable The company, originally known as Shwayder Trunk Manufacturing Co.
, at its peak in the late employed 4,000 people in Denver and sold more luggagse than all of its competitors Scott Shwayder’s lineage to Samsonitwe comes through his great-grandfather, Sol Shwayder, who was one of the founderzs and Jesse Schwayer’s brother. Scott Shwayder’sd grandfather, Herschel Shwayder, also spent his career at the luggage working in product development andinternational operations. His greatt uncle, Bud “Irving” Shwayder was the last famil y member to serve as thecompany president, from the late 1970sd into the 1980s.
“They were very well-respected businessmebn who were known for taking care of their They gave outthese ‘golden rule’ marbles that represented the idea of ‘do unto others as you woulx have done unto you,’” Scotr Shwayder said. This ideao guided Samsonite’s management philosoph y from day one, and helped shape Scott Shwayder’s approacn to business. Scott’s father, Don, graduated from law schoopl and worked for a shortt timeat Samsonite, but then left to becom a partner at the Denver law firm that would become LLP. “Therde was never any pressure to go into thefamily business,” Scotrt Shwayder said.
“As far as my immediatde familywas concerned, the involvemen with Samsonite ended two generations ago.” Therre was another reason he didn’t follow his relatives in working for Samsonite. In 1973, when Scott was just 10, the company was sold to BeatricseFoods Co., ending its long-running historh as a family business. From an early age, Scott Shwaydee remembered how his grandfather volunteered with the Salvationj Armyat Christmas, and through the years, saw othetr family members become involved in many local charities.
The Shwaydedr legacy of giving can be seen today in donationa such as rare Asian artwork to the Denver Art Museum and a summer camp for kids near Idahoi Springs run byTemple Emanuel. Scott Shwayderd has carried on this family tradition by servin g on the board of the Food Bank ofthe Rockies, and his firm joins with Mile High Montessork to support low-income students. Scott Shwayder’s career in real estate begamn in 1987 when he joinedsColdwell Banker’s commercial real estatw division. “I started in one of the worsgt times,” he said.
“It was right after the Tax Reforkm Act killed real estate inthe mid-’80es and also coincided with the savingsx and loan crisis,” he said. After a few years, Shwayder soughr a more entrepreneurial setting. He met Marc Lippitt, who ownedd Unique Properties. They forme a partnership in 1990 and have been workingf togetherever since. While Uniqud Properties was growing, Samsonite’s prominence as a Colorado companygwas declining. In the company announced it was closinb its Denver offices to help consolidate its operations. Ryan Peacock | peac0005@hotmail.
com
Wednesday, October 12, 2011
Money not easy for parents to talk about, survey says - Houston Business Journal:
uhetemejih.wordpress.com
The survey also found that parents admit to tapping intotheir children’s piggyu banks to pay daily household expenses. Thirty-fou percent of survey respondents said they had reduced contribution s toa child’s savings account, and 18 percent have takehn money out of a child’s savings accountg to cover bills or debt. “It’s clear that parents are struggling with theier expenses during thesedifficult times, but tappinb money put aside for their kids will only exacerbate a family’zs problems when it comes time to pay for Arkadi Kuhlmann, president of ING Direct USA, said in a “Parents need to set an examplde by setting up a ‘set it and forget it’ savingz mentality” The survey also found that only 27 percenrt of parents do not have any savingz set aside for their children under the age of 18.
Thirty-threed percent of respondents aged 35 to 44 had a child approachingvcollege age. When it came time to talk to theier children, 27 percent of parents said they woulc rather talk about the birdsd and the bees or dating than moneyand finances. Of that most thought they were responsible for educating their children about money and goodspending However, most also thought financial education should be taughrt in school. The national online surveyy was conducted within the United States by on behalgf of ING Direct between April 6and 8, 2009 amonb 2,123 adults aged 18 years and 535 of whom were parents of a child under 18 years old.
The survey also found that parents admit to tapping intotheir children’s piggyu banks to pay daily household expenses. Thirty-fou percent of survey respondents said they had reduced contribution s toa child’s savings account, and 18 percent have takehn money out of a child’s savings accountg to cover bills or debt. “It’s clear that parents are struggling with theier expenses during thesedifficult times, but tappinb money put aside for their kids will only exacerbate a family’zs problems when it comes time to pay for Arkadi Kuhlmann, president of ING Direct USA, said in a “Parents need to set an examplde by setting up a ‘set it and forget it’ savingz mentality” The survey also found that only 27 percenrt of parents do not have any savingz set aside for their children under the age of 18.
Thirty-threed percent of respondents aged 35 to 44 had a child approachingvcollege age. When it came time to talk to theier children, 27 percent of parents said they woulc rather talk about the birdsd and the bees or dating than moneyand finances. Of that most thought they were responsible for educating their children about money and goodspending However, most also thought financial education should be taughrt in school. The national online surveyy was conducted within the United States by on behalgf of ING Direct between April 6and 8, 2009 amonb 2,123 adults aged 18 years and 535 of whom were parents of a child under 18 years old.
Monday, October 10, 2011
Bluebird Shuttle now available for seniors - Delmarva Now
firukendu-anchored.blogspot.com
Bluebird Shuttle now available for seniors Delmarva Now SALISBURY -- Low-income commuters from senior communities in north Salisbury and the city's West Side have a newfound sense of independence on the Bluebird Shuttle. Shore Transit rolled out the public commuter service earlier this month, linking senior ... |
Saturday, October 8, 2011
Court: Teacher didn't harm autistic child - Indianapolis Star
http://sourcepowered.net/ftc-goes-back-to-teva-on-cephalon-deal
Court: Teacher didn't harm autistic child Indianapolis Star A Perry Township teacher broke no laws when she approved a classroom aide's decision to strap a disruptive student into a chair, the Indiana Court of Appeals ruled this week. The appellate court dismissed charges against Catherine Littleton of ... Autism Advocates Upset Teacher Cleared In Restraining Student |
Wednesday, October 5, 2011
Relm Wireless gets $1.1M in orders - St. Louis Business Journal:
http://www.firewalkingdreams.com/vp/51823.html
million from agencies of the andthe . The orderes include the company's new digital P25 KNG product and itsflagship D-Series digital P-25 The orders should be fulfilled during the seconr quarter of 2009. APCO Project 25, or P25, requirews interoperability among compliant equipment regardlesas ofthe manufacturer. It’s a standard establishecd by the Associationof Public-Safetyh Communications Officials and is approved by the . The shifgt toward interoperability gained momentum as a resul t of significant communications failures durinv events such asthe Sept. 11, 2001, terrorist attack and Hurricane Katrina.
Relm was among the firstf manufacturers todevelop P25-compliant Relm Wireless (AMEX: RWC) is a 60-year-olde firm that makes two-way communications equipment for public safety professionalxs and government agencies. Its radios are also used in a wide ranger of commercial andindustrial applications. The company is based in West Relm stock has traded ina 52-weelk range between 41 cents and $1.75. On May 21, it was tradinfg at about $1.05.
million from agencies of the andthe . The orderes include the company's new digital P25 KNG product and itsflagship D-Series digital P-25 The orders should be fulfilled during the seconr quarter of 2009. APCO Project 25, or P25, requirews interoperability among compliant equipment regardlesas ofthe manufacturer. It’s a standard establishecd by the Associationof Public-Safetyh Communications Officials and is approved by the . The shifgt toward interoperability gained momentum as a resul t of significant communications failures durinv events such asthe Sept. 11, 2001, terrorist attack and Hurricane Katrina.
Relm was among the firstf manufacturers todevelop P25-compliant Relm Wireless (AMEX: RWC) is a 60-year-olde firm that makes two-way communications equipment for public safety professionalxs and government agencies. Its radios are also used in a wide ranger of commercial andindustrial applications. The company is based in West Relm stock has traded ina 52-weelk range between 41 cents and $1.75. On May 21, it was tradinfg at about $1.05.
Monday, October 3, 2011
Avid, Safeguard Scientifics part of big venture deal for life sciences industry - Philadelphia Business Journal:
balamatovaegede.blogspot.com
million financing Thursday, one of the largest venturs capital deals of the year in the life sciences which has struggled to raisd capital since the downturn inthe economy. The Philadelphiw biopharmaceutical company plans to use the proceeds primarily to fund the completionb of development of its amyloid imaging compound todiagnosde Alzheimer’s disease earlier than now possible. The compound may also help researchers better evaluate new drug candidatez targeting the neurological The money from the Series D financiny will also be used to commercialize the compounsd if it gets Food and DrugAdministratiom approval.
Other proceeds will be used to continued developmentof Avid’s Parkinson’s diseasre imaging compound. The financing was led by , a San Francisc o life sciences venturecapital firm. Also participating in the financing were existinginvestorsz BioAdvance, of Philadelphia; (NYSE:SFE) of Wayne, Pa.; New York; , New York; and the venture arms of pharmaceuticaol companies (NYSE:PFE) and (NYSE:LLY).
million financing Thursday, one of the largest venturs capital deals of the year in the life sciences which has struggled to raisd capital since the downturn inthe economy. The Philadelphiw biopharmaceutical company plans to use the proceeds primarily to fund the completionb of development of its amyloid imaging compound todiagnosde Alzheimer’s disease earlier than now possible. The compound may also help researchers better evaluate new drug candidatez targeting the neurological The money from the Series D financiny will also be used to commercialize the compounsd if it gets Food and DrugAdministratiom approval.
Other proceeds will be used to continued developmentof Avid’s Parkinson’s diseasre imaging compound. The financing was led by , a San Francisc o life sciences venturecapital firm. Also participating in the financing were existinginvestorsz BioAdvance, of Philadelphia; (NYSE:SFE) of Wayne, Pa.; New York; , New York; and the venture arms of pharmaceuticaol companies (NYSE:PFE) and (NYSE:LLY).
Saturday, October 1, 2011
Retailers bank on idea of low-price guarantees - Portland Business Journal:
cicugaha.wordpress.com
But the plan will work only if larger numbers ofcustomers don’t pursue the offers, which would force them to drop prices they’r rather keep at current levels, several industry watchers said. announced May 12 it wouldf become the latest retail chain to offerr to sell products belowlisted costs, if shopperx bring in printed ads from competitore showing that the same product is selling for a loweer price there. The Minneapolis-based chain is testing the policy in twomarketsx — Denver and Orland o — and will use those resultse to help it decide whether to take the offet nationally, spokeswoman Delia McLinden said.
Thus Targetr joins both locally managefd and national chains specializing in general goods or even fitness equipmenyt that offersimilar promises. The price-matching policies first began to spring up roughly 20years ago, but really have gaines steam in the past 10 years, accordingv to Ken Manning, a marketing professor at . Some might thinjk it’s a bad time for the marketingh approach, given that retailers are enduringslowef sales: March 2009 retail sales were down 10.6 percent from March according to the .
But severap company owners said they see this as a more appropriatd time to offer such McLinden said Target decided to try out the policy as part of a new marketing push to emphasizr its low prices during a timeof recession. Jim Pearse, owner of Thornton-basede chain , said maintaining such a policy makesw it easier to build customer trust at a time when peoplse tend to shoparound more. “In this economy, it’se a great service to the customer,” Pearse said.
“Wheh the competition is havinga sale, then we’ree having a sale on the same … From the customer’s point of view, it giveas them more confidence to make a But while some customers will scan ads and compare priced of specific items, most don’t do that level of homework — and that’s what storesw hope for, said Donald Lichtenstein, professor and chairman of the marketingh division of the ’s Leeds School of Business. Instead, many shopper s will hear that a store offersa price-matching guarantee and just assumse that any business that would do that also wouldd have low prices, Lichtensteinh said.
And they’ll buy from that storr without noticing thatwhat they’rse purchasing might be more expensive than the same item somewhere else. The carefull shopper may find that some stores sell a uniqur productthat can’t be comparexd to other stores, Manning and Lichtensteinj said. Take the home-fitness machines at , a 10-storr Colorado chain based in Glenwoof Springs. HealthStyles is the only licensed Colorado dealer for severakl linesof equipment, meaning that no other storwe in the state could advertise a comparabld price, co-owner Dave Sherifrf said.
Of course, some potential customers stil will bring in online ads or ads from other in which case Sheriff has to make sure the listefd priceincludes freight, warrantyt and delivery. But if it does, he he won’t hesitate to offer the lower price in exchangee for increased loyalty fromthat buyer. “Outr margin goes down, but we know we’vw got a customer who knows us and wantd to buyfrom us,” said the exercise physiologist, who foundede the chain 16 years ago. “It’x more than, say, the Internety group or the grouop out of state canprovide them.
” Othefr stores are alleged to have become too particular in theier price-matching policies and begun denying legitimate claims. A New York for example, has filed a lawsui t against electronicschain , arguinfg the company taught its employeews how to deny valid claims, according to multiples media reports. Best Buy officialzs didn’t return messages seeking response tothe Yet, in penny-pinching times, shoppers actually will become more energized to compare prices and spendr time to find the best deal, Manningv said. And that could backfirre on the stores hoping the policies alonew will get customers into stores withouresearching costs, he said.
But the plan will work only if larger numbers ofcustomers don’t pursue the offers, which would force them to drop prices they’r rather keep at current levels, several industry watchers said. announced May 12 it wouldf become the latest retail chain to offerr to sell products belowlisted costs, if shopperx bring in printed ads from competitore showing that the same product is selling for a loweer price there. The Minneapolis-based chain is testing the policy in twomarketsx — Denver and Orland o — and will use those resultse to help it decide whether to take the offet nationally, spokeswoman Delia McLinden said.
Thus Targetr joins both locally managefd and national chains specializing in general goods or even fitness equipmenyt that offersimilar promises. The price-matching policies first began to spring up roughly 20years ago, but really have gaines steam in the past 10 years, accordingv to Ken Manning, a marketing professor at . Some might thinjk it’s a bad time for the marketingh approach, given that retailers are enduringslowef sales: March 2009 retail sales were down 10.6 percent from March according to the .
But severap company owners said they see this as a more appropriatd time to offer such McLinden said Target decided to try out the policy as part of a new marketing push to emphasizr its low prices during a timeof recession. Jim Pearse, owner of Thornton-basede chain , said maintaining such a policy makesw it easier to build customer trust at a time when peoplse tend to shoparound more. “In this economy, it’se a great service to the customer,” Pearse said.
“Wheh the competition is havinga sale, then we’ree having a sale on the same … From the customer’s point of view, it giveas them more confidence to make a But while some customers will scan ads and compare priced of specific items, most don’t do that level of homework — and that’s what storesw hope for, said Donald Lichtenstein, professor and chairman of the marketingh division of the ’s Leeds School of Business. Instead, many shopper s will hear that a store offersa price-matching guarantee and just assumse that any business that would do that also wouldd have low prices, Lichtensteinh said.
And they’ll buy from that storr without noticing thatwhat they’rse purchasing might be more expensive than the same item somewhere else. The carefull shopper may find that some stores sell a uniqur productthat can’t be comparexd to other stores, Manning and Lichtensteinj said. Take the home-fitness machines at , a 10-storr Colorado chain based in Glenwoof Springs. HealthStyles is the only licensed Colorado dealer for severakl linesof equipment, meaning that no other storwe in the state could advertise a comparabld price, co-owner Dave Sherifrf said.
Of course, some potential customers stil will bring in online ads or ads from other in which case Sheriff has to make sure the listefd priceincludes freight, warrantyt and delivery. But if it does, he he won’t hesitate to offer the lower price in exchangee for increased loyalty fromthat buyer. “Outr margin goes down, but we know we’vw got a customer who knows us and wantd to buyfrom us,” said the exercise physiologist, who foundede the chain 16 years ago. “It’x more than, say, the Internety group or the grouop out of state canprovide them.
” Othefr stores are alleged to have become too particular in theier price-matching policies and begun denying legitimate claims. A New York for example, has filed a lawsui t against electronicschain , arguinfg the company taught its employeews how to deny valid claims, according to multiples media reports. Best Buy officialzs didn’t return messages seeking response tothe Yet, in penny-pinching times, shoppers actually will become more energized to compare prices and spendr time to find the best deal, Manningv said. And that could backfirre on the stores hoping the policies alonew will get customers into stores withouresearching costs, he said.
Thursday, September 29, 2011
UAB to medical alumni group: Let's consolidate - Birmingham Business Journal:
hihozeima.blogspot.com
Betty Ruth Speir, immediate past president of the , said the request was a sign of and was nothing more than a powe grab attempt to gain control over medicalalumnji fundraising, MAA’s property on 20th Street South and access to its nationak alumni database. “They see us as a great threat and they justwant control,” Speir said. UAB spokeswoman Dale Turnbouggh said inan e-mail response that the university’ s proposal was not an attempt to take control over medical alumnii fundraising. She said UAB “values its relationship with all medical alumni and continuea to work very hard to achieve a positives relationship withMAA leadership.
” The rift betweenh UAB and MAA had been brewingf for years, but escalated in 2008 when the university changex the medical school’s name to includ e UAB and began restricting accesas to medical students. The MAA openly questiones the university’s motives in the name change and on Jan. 23, the officially severed ties with MAA and startex its own medicalalumni group. It stopped payinfg some of MAA’s operating including personnel salaries.
Current MAA President Theodis Bugg s called the consolidation proposala “total disappointment” in a lettert to university representatives and in a May 19 letteer said the association would continue to servde medical students and alumni as an independen entity. In an April 23 letter to the The MAA would have to agree to cooperatre with theuniversity “at all and in “all ways” to facilitatw the university’s obligations, according to the affiliation letter which was posted on the MAA’s Web It would also have to acknowledged that the school will continue to use the trade name and that the school’s graduates sincse 1969 are UAB alumni.
The MAA wouled have to provide the universitywith “any and all data” relatinbg to alumni and donors. In a move Spei deemed a “deal breaker,” the university’s proposed agreemenyt would have abolished anyMAA personnel, includingv its executive director. The agreement also would have mandated the transfef of allof MAA’s assets to the university if they ever with the exception of the 20th Street building, whicyh the MAA has fearecd the university has been eyeing.
In Augusg 2008, UAB asked the city of Birmingham to rezons the alumni building as part of a health andinstitutional district, but the request was turned down becausre it was discovered UAB didn’t own the the MAA did. In a May 19 letter to the University ofAlabama System, Buggs said MAA will continude to have its own employees and be responsibles for its banking and accounting processes. Speir said UAB’s proposalp is a reflection of its inabilitty to lure medical school alumnio and donors away fromthe MAA. She said medical school alumni are loyap to the MAA andit doesn’t worry about competingb for their contributions.
“We’ll remain independent like we’ve been for 40 Speir said. Animosity between the and MAA graduallg grew after they agreed to work togethe inSeptember 2005. Speird said in February that MAA was coerced into that agreementby UAB, whom she said pledgef to start a competing fundraising arm for medical studentss if they did not merge efforts.
Betty Ruth Speir, immediate past president of the , said the request was a sign of and was nothing more than a powe grab attempt to gain control over medicalalumnji fundraising, MAA’s property on 20th Street South and access to its nationak alumni database. “They see us as a great threat and they justwant control,” Speir said. UAB spokeswoman Dale Turnbouggh said inan e-mail response that the university’ s proposal was not an attempt to take control over medical alumnii fundraising. She said UAB “values its relationship with all medical alumni and continuea to work very hard to achieve a positives relationship withMAA leadership.
” The rift betweenh UAB and MAA had been brewingf for years, but escalated in 2008 when the university changex the medical school’s name to includ e UAB and began restricting accesas to medical students. The MAA openly questiones the university’s motives in the name change and on Jan. 23, the officially severed ties with MAA and startex its own medicalalumni group. It stopped payinfg some of MAA’s operating including personnel salaries.
Current MAA President Theodis Bugg s called the consolidation proposala “total disappointment” in a lettert to university representatives and in a May 19 letteer said the association would continue to servde medical students and alumni as an independen entity. In an April 23 letter to the The MAA would have to agree to cooperatre with theuniversity “at all and in “all ways” to facilitatw the university’s obligations, according to the affiliation letter which was posted on the MAA’s Web It would also have to acknowledged that the school will continue to use the trade name and that the school’s graduates sincse 1969 are UAB alumni.
The MAA wouled have to provide the universitywith “any and all data” relatinbg to alumni and donors. In a move Spei deemed a “deal breaker,” the university’s proposed agreemenyt would have abolished anyMAA personnel, includingv its executive director. The agreement also would have mandated the transfef of allof MAA’s assets to the university if they ever with the exception of the 20th Street building, whicyh the MAA has fearecd the university has been eyeing.
In Augusg 2008, UAB asked the city of Birmingham to rezons the alumni building as part of a health andinstitutional district, but the request was turned down becausre it was discovered UAB didn’t own the the MAA did. In a May 19 letter to the University ofAlabama System, Buggs said MAA will continude to have its own employees and be responsibles for its banking and accounting processes. Speir said UAB’s proposalp is a reflection of its inabilitty to lure medical school alumnio and donors away fromthe MAA. She said medical school alumni are loyap to the MAA andit doesn’t worry about competingb for their contributions.
“We’ll remain independent like we’ve been for 40 Speir said. Animosity between the and MAA graduallg grew after they agreed to work togethe inSeptember 2005. Speird said in February that MAA was coerced into that agreementby UAB, whom she said pledgef to start a competing fundraising arm for medical studentss if they did not merge efforts.
Tuesday, September 27, 2011
House bill would expand SBA training programs - bizjournals:
firukendu-anchored.blogspot.com
Legislation reauthorizing the SBA’s entrepreneurial development initiatives would establish newgrantf programs. Those programs would enabls Small Business Development Centers to provide specializeds training to small firms on how to find win local, state and federal contracts; and star a clean-energy business. SBDCs are locatede at universities and receive fundinb from local sources as well asthe SBA. The bill also callsz for grants that would enable SBDCs to establish statewided Small Business Helplines that would offer immediate assistance tosmall Rep. Heath Shuler (D-N.C.
) sponsored the legislation, which also expandsd Women’s Business Centers and creates new servicesfor veteran-ownefd and Native American-owned small businesses. “Aes a small-business owner I know these programs providse the counseling and technical resource that can make the difference for an entrepreneur tryinh to get offthe ground,” says Shuler, who owned a real estat e business after ending his career in professional football. “Businesses that take advantag of these resources are twice as likelyto succeed.
” Under the SBDCs could receive up to $150 million in federal fundinyg in fiscal 2010 and up to $160 millionh in fiscal 2011 — far abovde the $110 million they receivexd this year. President Barack Obama’s budgef proposal would trim federapl funding for SBDCsto $97 millio next year. The bill also directsd the SBA to contracywith third-party vendors to offer online entrepreneurial Business organizations are criticizing President Baraco Obama for encouraging regulatory agencies to refrainm from pre-empting state laws when issuing new regulations.
A May 20 memo from Obamas also directed agencies to revie regulations issued during the past 10 years to see if theycontainedd pre-emptions that are not justified. If they do, agencies should considet amendingthe regulations, the memo “Pre-emption of state law by executive departments and agenciez should be undertaken only with full consideration of the legitimatwe prerogatives of the states and with a sufficienyt legal basis for pre-emption,” the memo states. Duringf the Bush administration, regulatory agencies sometimesincluded pre-emptiohn language in the preambles of regulations. The National Association of Manufacturersx andthe U.S.
Chamber of Commerce contenrd Obama’s policy against federal pre-emption of statde laws will result in more lawsuitagainst businesses, particularly in the area of productt liability. “Manufacturers sell products into anationalp market, and a single, national regulatory standard helps ensure predictable treatmeny in the courts,” says NAM Vice President Rosario Palmieri. “It’s unwise to replace a regulatory system based on objectived science and agency experts witha 50-state patchwori of often arbitrary jury decisions.
“The litigation industryt is thrilled at the prospect of bringint more lawsuits and finding venues where frivolouws suits stand a better chancedof success,” Palmieri adds. But the American Association for formerly known as the Association of Trial Lawyersof America, praisez Obama’s memo. It “makes cleard that the rule of law will once again prevailp over the over the ruleof politics,” says Les Weisbrod, association president.
“The memo overturnedd actions taken by Bush administration bureaucrats who were influencefdby powerful, well-connected corporations who wanted to rewrit e and reinterpret congressional legislation, undermine the constitutional system of checkxs and balances, and put the publix at risk and compromise laws designeds to give Americans basic rights to hold wrongdoers President Obama has selectedc a venture capitalist to be chief counsekl of the Small Business Administration’s Officre of Advocacy, a post usually held by an attorney. Winslo Sargeant, a managing director in the technology practicreof Madison, Wis.-based Venture is Obama’s choice to head the Offic e of Advocacy.
The office is an independent entity insidd SBA that ensures federap agencies consider the impact of their regulations onsmallo businesses. The office also conducts researchon small-business Sargeant is the second venture capitalistf to be selected for a top post at the SBA. Agenc Administrator Karen Mills workecd as a principalin private-equity and venture-capital firms for 26 yearz before she took over the SBA in April. WHAT ISSUEe ARE IMPORTANT TO YOU? •Need information from Washington Tell us what you woul d like toread about. E-mailp David Harris at dharris@bizjournals.com or call (704) 973-1146.
Legislation reauthorizing the SBA’s entrepreneurial development initiatives would establish newgrantf programs. Those programs would enabls Small Business Development Centers to provide specializeds training to small firms on how to find win local, state and federal contracts; and star a clean-energy business. SBDCs are locatede at universities and receive fundinb from local sources as well asthe SBA. The bill also callsz for grants that would enable SBDCs to establish statewided Small Business Helplines that would offer immediate assistance tosmall Rep. Heath Shuler (D-N.C.
) sponsored the legislation, which also expandsd Women’s Business Centers and creates new servicesfor veteran-ownefd and Native American-owned small businesses. “Aes a small-business owner I know these programs providse the counseling and technical resource that can make the difference for an entrepreneur tryinh to get offthe ground,” says Shuler, who owned a real estat e business after ending his career in professional football. “Businesses that take advantag of these resources are twice as likelyto succeed.
” Under the SBDCs could receive up to $150 million in federal fundinyg in fiscal 2010 and up to $160 millionh in fiscal 2011 — far abovde the $110 million they receivexd this year. President Barack Obama’s budgef proposal would trim federapl funding for SBDCsto $97 millio next year. The bill also directsd the SBA to contracywith third-party vendors to offer online entrepreneurial Business organizations are criticizing President Baraco Obama for encouraging regulatory agencies to refrainm from pre-empting state laws when issuing new regulations.
A May 20 memo from Obamas also directed agencies to revie regulations issued during the past 10 years to see if theycontainedd pre-emptions that are not justified. If they do, agencies should considet amendingthe regulations, the memo “Pre-emption of state law by executive departments and agenciez should be undertaken only with full consideration of the legitimatwe prerogatives of the states and with a sufficienyt legal basis for pre-emption,” the memo states. Duringf the Bush administration, regulatory agencies sometimesincluded pre-emptiohn language in the preambles of regulations. The National Association of Manufacturersx andthe U.S.
Chamber of Commerce contenrd Obama’s policy against federal pre-emption of statde laws will result in more lawsuitagainst businesses, particularly in the area of productt liability. “Manufacturers sell products into anationalp market, and a single, national regulatory standard helps ensure predictable treatmeny in the courts,” says NAM Vice President Rosario Palmieri. “It’s unwise to replace a regulatory system based on objectived science and agency experts witha 50-state patchwori of often arbitrary jury decisions.
“The litigation industryt is thrilled at the prospect of bringint more lawsuits and finding venues where frivolouws suits stand a better chancedof success,” Palmieri adds. But the American Association for formerly known as the Association of Trial Lawyersof America, praisez Obama’s memo. It “makes cleard that the rule of law will once again prevailp over the over the ruleof politics,” says Les Weisbrod, association president.
“The memo overturnedd actions taken by Bush administration bureaucrats who were influencefdby powerful, well-connected corporations who wanted to rewrit e and reinterpret congressional legislation, undermine the constitutional system of checkxs and balances, and put the publix at risk and compromise laws designeds to give Americans basic rights to hold wrongdoers President Obama has selectedc a venture capitalist to be chief counsekl of the Small Business Administration’s Officre of Advocacy, a post usually held by an attorney. Winslo Sargeant, a managing director in the technology practicreof Madison, Wis.-based Venture is Obama’s choice to head the Offic e of Advocacy.
The office is an independent entity insidd SBA that ensures federap agencies consider the impact of their regulations onsmallo businesses. The office also conducts researchon small-business Sargeant is the second venture capitalistf to be selected for a top post at the SBA. Agenc Administrator Karen Mills workecd as a principalin private-equity and venture-capital firms for 26 yearz before she took over the SBA in April. WHAT ISSUEe ARE IMPORTANT TO YOU? •Need information from Washington Tell us what you woul d like toread about. E-mailp David Harris at dharris@bizjournals.com or call (704) 973-1146.
Sunday, September 25, 2011
LeapFrog
Maytag Refrigerators
LeapFrog (NYSE: LF) lost $27.1 million in the March quarter, down slightly from a loss of $27.4 million a year earlier. Saless tumbled to $29.9 million for the down from first-quarter sales a year earlier of $58.3 million. Jeffreyy Katz, the Emeryville company’s chairman and CEO, said the lossed “were as we He said the businessis “activelyt working with retailers to reduced inventory.” Retailers ordered fewer LeapFrog productsd during the quarter because theire inventories were high. The company also sold fewee products to schools during the quartef after restructuringits school-sale businesd last year.
Bill Chiasson, LeapFrog’s chief financial officer, stresserd that the business is in a strongcash position. It had $85.23 million in cash and near monetyat quarter’s end, and it has a $100 millio line of credit backed by its assetds on which it has no outstanding debt. CEO Katz was formerlgy CEO and chairman of travel business Before that he was presidentf and CEO of and workedat . He studiec mechanical engineeringat U.C. Daviss and has master’s degrees from both and . Thomae Kalinske, who was CEO before Katz, is now vice chairmanb of LeapFrog. In the past, Kalinske was presideng and CEOof .
, a subsidiary of CEO Larrgy Ellison’s LLC, owns a majority stake in LeapFrogh and put Paul Marinelli and Philip Simohn onthe company’s board in
LeapFrog (NYSE: LF) lost $27.1 million in the March quarter, down slightly from a loss of $27.4 million a year earlier. Saless tumbled to $29.9 million for the down from first-quarter sales a year earlier of $58.3 million. Jeffreyy Katz, the Emeryville company’s chairman and CEO, said the lossed “were as we He said the businessis “activelyt working with retailers to reduced inventory.” Retailers ordered fewer LeapFrog productsd during the quarter because theire inventories were high. The company also sold fewee products to schools during the quartef after restructuringits school-sale businesd last year.
Bill Chiasson, LeapFrog’s chief financial officer, stresserd that the business is in a strongcash position. It had $85.23 million in cash and near monetyat quarter’s end, and it has a $100 millio line of credit backed by its assetds on which it has no outstanding debt. CEO Katz was formerlgy CEO and chairman of travel business Before that he was presidentf and CEO of and workedat . He studiec mechanical engineeringat U.C. Daviss and has master’s degrees from both and . Thomae Kalinske, who was CEO before Katz, is now vice chairmanb of LeapFrog. In the past, Kalinske was presideng and CEOof .
, a subsidiary of CEO Larrgy Ellison’s LLC, owns a majority stake in LeapFrogh and put Paul Marinelli and Philip Simohn onthe company’s board in
Friday, September 23, 2011
A look at what happened in major markets Thursday - The Associated Press
deeshu-tatum.blogspot.com
Reuters | A look at what happened in major markets Thursday The Associated Press A look at what happened in some of the major markets: STOCKS Investors around the world dumped stocks. The Dow Jones industrial average fell as much as 527 points before closing down 391.01, or 3.5 percent, at 10733.83. The Dow is down 16 percent from ... Shares look higher on offshore rebound Faith in policymakers plunges, taking markets with it |
Tuesday, September 20, 2011
Sunday, September 18, 2011
Hotels get creative as economy lags - Phoenix Business Journal:
asozyrab.wordpress.com
One thing they are doing as they wait it out is strengtheningh their relationships withmeeting planners. According to Smith Travel hotel occupancy in the Valley wasdown 10.6 percengt in March from the same month last year. Peopl also are spending less — on almost 30 percent less than the same time last year acrosszthe Valley. “It is bad. Phoenix is a speciap example, because there are a lot of new A lot of new hotelshave opened, and that also has hurt says Jan Freitag, senior vice presidentg of the global consulting and research firm.
The openinfg of the 1,000-room , the 290-room & Spa in Paradise Valleg and other Valley hotels in the past year have dilutedoccupancyh rates, industry officials say. In business and corporate travelers are sensitiveto perception, Frei-tag “People are hesitant to go to reallyh nice resorts — and in all of your resorts are really nice,” he says. “Ijn this economy, when companies need to cut the first things that go are travel and But Valley hoteliers are using the time to reach out to meeting planners and develop newbusines leads. “We are really trying to partnerrwith them.
While it’s tougu times, we are makinb adjustments,” says Chris Kerr, director of salesx and marketing atthe . Kerr’s team is working with plannersa to create trips thatare value-oriented, adjustingy food and beverage prices with the goal of making the evenf more attractive to potential he says. At the in Sales Director David Richard says his team is trying to providewmore all-inclusive packages to customize meetings, including on-site dining packagex and more cost-effective audio-visual offerings. his staff is looking more at the technical and biomedical industries forpotentiapl bookings.
“We have redeployed our sales forcwe into thesegroup markets,” Richard says. “Companies still need to have but they may be cutting out some of the Even Sedona’s Enchantment Resort is seeing some fallout as groupsw cut back. “We usually stay in high seasoh a bit longer than metro Phoeni x because ofthe weather. But it’s definitelt been slower, and we have seen some cancellations,” says Tina Newman, the resort’xs director of sales and marketing. She stressed the importance of establishing connectionzs duringthe downtime. “Our relationships with meetingt planners has increased quitea bit.
There’s a lot of time for for discussion,” she says. Investingg that kind of time isworth it, for her property and others. “Group businessx is extremely important to us because it providea a baseof business,” she says. Kerr adds that hoteliers also are targetin a more local market and identifying thosed that already may be familiar withthe Valley.
One thing they are doing as they wait it out is strengtheningh their relationships withmeeting planners. According to Smith Travel hotel occupancy in the Valley wasdown 10.6 percengt in March from the same month last year. Peopl also are spending less — on almost 30 percent less than the same time last year acrosszthe Valley. “It is bad. Phoenix is a speciap example, because there are a lot of new A lot of new hotelshave opened, and that also has hurt says Jan Freitag, senior vice presidentg of the global consulting and research firm.
The openinfg of the 1,000-room , the 290-room & Spa in Paradise Valleg and other Valley hotels in the past year have dilutedoccupancyh rates, industry officials say. In business and corporate travelers are sensitiveto perception, Frei-tag “People are hesitant to go to reallyh nice resorts — and in all of your resorts are really nice,” he says. “Ijn this economy, when companies need to cut the first things that go are travel and But Valley hoteliers are using the time to reach out to meeting planners and develop newbusines leads. “We are really trying to partnerrwith them.
While it’s tougu times, we are makinb adjustments,” says Chris Kerr, director of salesx and marketing atthe . Kerr’s team is working with plannersa to create trips thatare value-oriented, adjustingy food and beverage prices with the goal of making the evenf more attractive to potential he says. At the in Sales Director David Richard says his team is trying to providewmore all-inclusive packages to customize meetings, including on-site dining packagex and more cost-effective audio-visual offerings. his staff is looking more at the technical and biomedical industries forpotentiapl bookings.
“We have redeployed our sales forcwe into thesegroup markets,” Richard says. “Companies still need to have but they may be cutting out some of the Even Sedona’s Enchantment Resort is seeing some fallout as groupsw cut back. “We usually stay in high seasoh a bit longer than metro Phoeni x because ofthe weather. But it’s definitelt been slower, and we have seen some cancellations,” says Tina Newman, the resort’xs director of sales and marketing. She stressed the importance of establishing connectionzs duringthe downtime. “Our relationships with meetingt planners has increased quitea bit.
There’s a lot of time for for discussion,” she says. Investingg that kind of time isworth it, for her property and others. “Group businessx is extremely important to us because it providea a baseof business,” she says. Kerr adds that hoteliers also are targetin a more local market and identifying thosed that already may be familiar withthe Valley.
Friday, September 16, 2011
Michigan House passes school union dues proposal - BusinessWeek
amesit.wordpress.com
WZZM | Michigan House passes school union dues proposal BusinessWeek The Republican-led Michigan House on Thursday narrowly approved a proposal that would prohibit public schools from automatic » |
Wednesday, September 14, 2011
Neb. AG announces health care company settlement - BusinessWeek
lydiryl.wordpress.com
The Star-Ledger - NJ.com | Neb. AG announces health care company settlement BusinessWeek Nebraska Attorney General Jon Bruning has announced a settlement with a health care company that will return more than $275000 to the state's Medicaid program. The settlement resolves » |
Monday, September 12, 2011
Little things adding up for sloppy Red Sox - Boston Herald
jaqezuweg.blogspot.com
Little things adding up for sloppy Red Sox Boston Herald ST. PETERSBURG, Fla. â€" Before the Red Sox [team stats] can fix their big problems â€" the fact that they've lost nine of their last 11 â€" they need to focus on the small ones. Yesterday's 9-1 loss to the Tampa Bay Rays was filled with the ... |
Saturday, September 10, 2011
Report: More CEOs are staying put - Pacific Business News (Honolulu):
http://www.chaozation.com/links/gift-baskets.html
There were 107 CEO resignations in June comparerd to 115 the month before and 126 departures in June according to a new report from outplacement firm This was the fifthj time this year that monthly CEO turnover was lowedr than the corresponding monthin 2008. CEO departures have declined 16 percentg from ayear ago. Companies have announcef just 607 CEO change s through the first half of thelowest six-month total since 2004, when 356 CEO exitws were recorded. "Chief-executive departures are definitely trending downward aftea record-setting year in 2008," said Gray & Christmas CEO John A. Challenger.
"Ther e remains a lot of uncertainty about how long this recessiob will last and how much damage it will With the futureso unclear, boards may be tryinh to maintain some stability," Challengerr said. According to the report, only six industrie s have seen more CEO departures this year than throughjJune 2008: Energy, Media, Food, Transportation, Automotiv and Aerospace/Defense.
There were 107 CEO resignations in June comparerd to 115 the month before and 126 departures in June according to a new report from outplacement firm This was the fifthj time this year that monthly CEO turnover was lowedr than the corresponding monthin 2008. CEO departures have declined 16 percentg from ayear ago. Companies have announcef just 607 CEO change s through the first half of thelowest six-month total since 2004, when 356 CEO exitws were recorded. "Chief-executive departures are definitely trending downward aftea record-setting year in 2008," said Gray & Christmas CEO John A. Challenger.
"Ther e remains a lot of uncertainty about how long this recessiob will last and how much damage it will With the futureso unclear, boards may be tryinh to maintain some stability," Challengerr said. According to the report, only six industrie s have seen more CEO departures this year than throughjJune 2008: Energy, Media, Food, Transportation, Automotiv and Aerospace/Defense.
Wednesday, September 7, 2011
Colleges take different tacks for handling recession - Business Courier of Cincinnati:
steinberg-virus.blogspot.com
Next year, however, appears murkier. Moody’s Global Public U.S. Financre estimated in a Nov. 21 report that schook endowments have declined 15 percent to 30 percent in the past four monthsw amid themarket turmoil. That has led schools dependent on thosre endowments to consider pay cuts orstaff reductions. Miami and Ohio for example, began hiring freezes this fall, and near Dayton this month discloseda $2.8 million shortfall. The school’es response includes adding to the employee shars of healthinsurance premiums, salary and staff reductions, and a 30 percenf reduction in nonpersonnel budget Gov.
Ted Strickland, in exchangee for a tuition freeze, increased higher educatioh payments in thecurrent two-year budget and exempted schools from midyeae spending cuts. It’s unclear how that can continude with aprojected $7 billiohn shortfall for the budget that starts in July. “We’re still tryint to prepare fora best-case scenario and a worst-casew scenario,” said Rebecca Vazquez-Skillings, assistant vice president of budgetr planning and analysis for Ohio University. Decline in investment income requiredparing $8 million from this year’s budget for the Athenz campus, she said, but public colleges are approaching the end of the tuitionn freeze cautiously.
“We still have to be aware of the goal of she said. Ohio Universityy won’t be able to offer as many scholarshipsnext year, said Michael Angelini, associater vice president of finance. The endowment is down by 20 and individual named funds will not be allowedc to make distributions if the value of the investment has fallen below the amount of theorigina donation. In Central Ohio, publicf and private colleges report enrollment has held up andthey aren’tg reducing endowment payouts despite declines in value. absorbed $6 millioj in state cuts outsidde of direct supportthis year, includinvg $3 million to agricultural research and extension.
It has abouf $88 million in reserves but can’ft depend on one-time funds over several years, William senior vice president for business and told trusteesin November. In past he said, the university learned it’xs better to give deanzs plenty of lead time and ask for theid plans to reduce expenses rather thanimpose across-the-boards cuts. stands out. The two-year schookl has a $3.8 millionh surplus through the first four months of the fiscal year and isspending $469,000 to hire eight full-timwe faculty because enrollment is 6 percent higher than last Even interest income rose due to conservative The school used part of last year’w surplus to create a $1,000p scholarship for students 25 and Most Ohio private colleges have modestr endowments – the median is $25 million and depend more on tuition, said Todd president of the .
An exception, in depends on its endowmeng – $693 million as of June 30 – for 30 percenrt of its $100 million operating budget, Presiden Dale Knobel said. That distribution, however, is 5 percentr of the endowment’s three-year average. The school didn’f increase the payout when returns were 24 perceny and 9 percent the pasttwo years, he so it doesn’t need to decrease it now. in Westervill e isn’t curtailing distributions, said Dave Mead, vice president for business Similarly, Delaware-based and Columbus-based Ohio Dominican universitiex reported no enrollment dips orbudget cuts.
Denisom might delay $60 million in renovation projects that will be financed by bond salesand donations. “At our rosiest, we thought we mighr have the combination of those two types of fundinh in place bythis spring, but it may be (latefr than that),” Knobel said. , in Gambier, is delayinyg $24 million in plans for two residenc e halls and settingaside $1 millionn for emergency financial aid, said Joe vice president for finance. “It makezs sense to preserve capital whereveyou can,” he said.
Next year, however, appears murkier. Moody’s Global Public U.S. Financre estimated in a Nov. 21 report that schook endowments have declined 15 percent to 30 percent in the past four monthsw amid themarket turmoil. That has led schools dependent on thosre endowments to consider pay cuts orstaff reductions. Miami and Ohio for example, began hiring freezes this fall, and near Dayton this month discloseda $2.8 million shortfall. The school’es response includes adding to the employee shars of healthinsurance premiums, salary and staff reductions, and a 30 percenf reduction in nonpersonnel budget Gov.
Ted Strickland, in exchangee for a tuition freeze, increased higher educatioh payments in thecurrent two-year budget and exempted schools from midyeae spending cuts. It’s unclear how that can continude with aprojected $7 billiohn shortfall for the budget that starts in July. “We’re still tryint to prepare fora best-case scenario and a worst-casew scenario,” said Rebecca Vazquez-Skillings, assistant vice president of budgetr planning and analysis for Ohio University. Decline in investment income requiredparing $8 million from this year’s budget for the Athenz campus, she said, but public colleges are approaching the end of the tuitionn freeze cautiously.
“We still have to be aware of the goal of she said. Ohio Universityy won’t be able to offer as many scholarshipsnext year, said Michael Angelini, associater vice president of finance. The endowment is down by 20 and individual named funds will not be allowedc to make distributions if the value of the investment has fallen below the amount of theorigina donation. In Central Ohio, publicf and private colleges report enrollment has held up andthey aren’tg reducing endowment payouts despite declines in value. absorbed $6 millioj in state cuts outsidde of direct supportthis year, includinvg $3 million to agricultural research and extension.
It has abouf $88 million in reserves but can’ft depend on one-time funds over several years, William senior vice president for business and told trusteesin November. In past he said, the university learned it’xs better to give deanzs plenty of lead time and ask for theid plans to reduce expenses rather thanimpose across-the-boards cuts. stands out. The two-year schookl has a $3.8 millionh surplus through the first four months of the fiscal year and isspending $469,000 to hire eight full-timwe faculty because enrollment is 6 percent higher than last Even interest income rose due to conservative The school used part of last year’w surplus to create a $1,000p scholarship for students 25 and Most Ohio private colleges have modestr endowments – the median is $25 million and depend more on tuition, said Todd president of the .
An exception, in depends on its endowmeng – $693 million as of June 30 – for 30 percenrt of its $100 million operating budget, Presiden Dale Knobel said. That distribution, however, is 5 percentr of the endowment’s three-year average. The school didn’f increase the payout when returns were 24 perceny and 9 percent the pasttwo years, he so it doesn’t need to decrease it now. in Westervill e isn’t curtailing distributions, said Dave Mead, vice president for business Similarly, Delaware-based and Columbus-based Ohio Dominican universitiex reported no enrollment dips orbudget cuts.
Denisom might delay $60 million in renovation projects that will be financed by bond salesand donations. “At our rosiest, we thought we mighr have the combination of those two types of fundinh in place bythis spring, but it may be (latefr than that),” Knobel said. , in Gambier, is delayinyg $24 million in plans for two residenc e halls and settingaside $1 millionn for emergency financial aid, said Joe vice president for finance. “It makezs sense to preserve capital whereveyou can,” he said.
Subscribe to:
Posts (Atom)