shemwellmygalej1291.blogspot.com
It’s also about Buffalo’s legacy. The work, whichg was completed earlier this month, is the most significany and extensive renovation work to take place at the Hyatt sinc it openedin 1984. The work comes at a time when Erie County Executive Chris Collins is championing and shepherding $5 million worth of renovations at the neighborinvg Buffalo Niagara Convention Center. The Hyatyt project is the first phase ofa multi-pronged private - and public-sector effort to improve convention and meeting services in downtown Buffalo. Next year, the Buffallo Niagara Convention Center will undergoa $5 millionm face lift.
Combined, nearly $20 million is being investefd in the two properties that are consideres the heartof downtown’s hospitality “It really is the linchpin of Main said James Sandoro, founder of the Buffalo Transportation/Pierce Arroqw Museum. Officials expect the two projects will dramaticalluenhance Buffalo’s image with key meeting plannerse and hospitality industry site The Hyatt is considered to be the headquartersw hotel for events at the convention center. It is the hote l of choice for professionalsports teams, rock bandd and visiting dignitaries. For many, it is their firstg impressionof Buffalo.
“This is like getting a brancd new hotel,” said Jennifer Parker, who recently resigned as “It will go a long way towardsa changing the image of Buffalo for meeting plannersdand visitors,” she said. Rodahl Leong-Lyons, Operationa vice president of salesand operations, said the renovationse to the hotel and the convention center are “When both are done, you will be able to rival any conventiohn destination in the country,” she said.
Drew Buffalo Niagara Convention & Visitors Bureai interim presidentand CEO, said the revamped Hyatf coupled with a renovated convention centerd will provide immediate benefits for the “It almost sets the stage for better things to he said. “There is, after all, a natural synergy between the two.” There wasn’tf one part of the 396-room hotel that didn’t receive some form of from the most basic paint job to acomplete “This provides a great foundationh for our future success,” said Mike Marsch, Hyatt generak manager.
The work is several years in the makinv and the most extensive to take place in the Hyatt sincw it openedin 1984, said Paul Snyder Sr., Snyder Corp. built and developed the hotel. Snyderr said the entire price tagtopped $27 millio n including buying out the hotel’a financial partners and re-working its fisca package. The project received publixc sector support from both the andthe . Snydefr said the building was designed to marry the old withthe new.
Sunday, December 30, 2012
Saturday, December 29, 2012
Pearl Brewery completes work on rooftop solar panels - The Business Journal of Milwaukee:
andreychukuze.blogspot.com
, the owner and developer of theformerf brewery, worked with San Antonio’s municipally owned utilityt to install a 200-kilowatt solar system on the roof of the Full Goodw Building at Pearl. Pearl and CPS Energty officials say this represents the largest solar powerf projectin Texas. Pearlo Brewery sits on 22 acres of property alonyg the SanAntonio River. Silver Venturex bills the project as an urbabnentertainment destination. The Full Goods Building was a formeer warehouse atthe plant. It is being renovatede into mixed-use retail, restaurant, offic e and residential space. The building has also been set aside as a learning lab forenvironmenyt initiatives.
In addition to the soladr panels, the building has also been fittedr withan energy-efficient Daikin cooling and heating system and a rainwater collectio and storage system. The building also has drought-resistant Xeriscape
, the owner and developer of theformerf brewery, worked with San Antonio’s municipally owned utilityt to install a 200-kilowatt solar system on the roof of the Full Goodw Building at Pearl. Pearl and CPS Energty officials say this represents the largest solar powerf projectin Texas. Pearlo Brewery sits on 22 acres of property alonyg the SanAntonio River. Silver Venturex bills the project as an urbabnentertainment destination. The Full Goods Building was a formeer warehouse atthe plant. It is being renovatede into mixed-use retail, restaurant, offic e and residential space. The building has also been set aside as a learning lab forenvironmenyt initiatives.
In addition to the soladr panels, the building has also been fittedr withan energy-efficient Daikin cooling and heating system and a rainwater collectio and storage system. The building also has drought-resistant Xeriscape
Thursday, December 27, 2012
Restaurateur Fiala to operate City Garden restaurant - Denver Business Journal:
avaohev.blogspot.com
Fiala owns and operates in Clayton, Acero in Maplewoods and Liluma in the CentralWest End. Terrace View is expectee to open at the same time as City July 1, but no lateer than July 14, when St. Loui plays host to the MLB All-Star Game. Both Fiala and the Gatewagy Foundation declined to discuss financial termd ofthe lease. Fiala said he is still workintg out the menu for Terrace which has 50 seats indoors and 50seats outside, but it will feature Italian and French-style He’s also searching for a chef. The restaurantg will employ about 30. Fiala estimate s the restaurant will generatebetween $600,000 and $800,00 in revenue a year.
Lunches will average $10 a perso and dinners will average $25. “Thisa is not going to be a special occasion hesaid “We’re shooting to have a menu affordablde across the board.” The initial plan is to operat e Monday through Saturday, the same as Fiala’s othef three restaurants. He’s considering opening Terrace View for breakfasrt laterthis year. Fiala said he landed the assignment aftedrMark Erker, president of , called and asked if he would be interestecd in talking with the Gateway Foundation. He met with foundatiomn executivesin March.
Gateway Foundation has been developin the two blocks of the Gateway Mall between Eighth Street and Tenth Street sinceApril 2008. The 3,000-square-foogt restaurant building is on the cornerr of Eighth andChestnut streets. The structurs was designed by Phil Durham of and is enclosed by glaszs onthree sides, with views of the gardejn and its sculptures.
Fiala owns and operates in Clayton, Acero in Maplewoods and Liluma in the CentralWest End. Terrace View is expectee to open at the same time as City July 1, but no lateer than July 14, when St. Loui plays host to the MLB All-Star Game. Both Fiala and the Gatewagy Foundation declined to discuss financial termd ofthe lease. Fiala said he is still workintg out the menu for Terrace which has 50 seats indoors and 50seats outside, but it will feature Italian and French-style He’s also searching for a chef. The restaurantg will employ about 30. Fiala estimate s the restaurant will generatebetween $600,000 and $800,00 in revenue a year.
Lunches will average $10 a perso and dinners will average $25. “Thisa is not going to be a special occasion hesaid “We’re shooting to have a menu affordablde across the board.” The initial plan is to operat e Monday through Saturday, the same as Fiala’s othef three restaurants. He’s considering opening Terrace View for breakfasrt laterthis year. Fiala said he landed the assignment aftedrMark Erker, president of , called and asked if he would be interestecd in talking with the Gateway Foundation. He met with foundatiomn executivesin March.
Gateway Foundation has been developin the two blocks of the Gateway Mall between Eighth Street and Tenth Street sinceApril 2008. The 3,000-square-foogt restaurant building is on the cornerr of Eighth andChestnut streets. The structurs was designed by Phil Durham of and is enclosed by glaszs onthree sides, with views of the gardejn and its sculptures.
Tuesday, December 25, 2012
Dallas Business Journal: Most viewed Stories
houghtalingbaemo1268.blogspot.com
Prominent Dallas restaurateur Norman Brinkerthas died, according to long-time friends and fellow restaurateur Phil Romano, founder of Romanp
Prominent Dallas restaurateur Norman Brinkerthas died, according to long-time friends and fellow restaurateur Phil Romano, founder of Romanp
Monday, December 24, 2012
Lisitsa tops demanding Portland Piano International recital with four encores - Oregon Music News
adepylex.blogspot.com
Oregon Music News | Lisitsa tops demanding Portland Piano International recital with four encores Oregon Music News With her popularity riding on a wave of 30 million YouTube visitors plus having two successful appearances with the Oregon Symphony, Valantina Lisitsa's recital in Portland attracted a large audience that almost filled the Newmark Theatre on Sunday ...< /p> |
Sunday, December 23, 2012
Roberts backs KU Cancer Center's push for NCI designation - St. Louis Business Journal:
ogarawo.wordpress.com
Roberts, R-Kan., spoke at The ’s Westwoodf medical building. He said that it now takes 10 yeare to 17 yearsand $1 billion to bring a new drug to market, which Robertds called a “national The National Cancer Institut said in November that the KU Cancere Center has a Sept. 25, 2011, application date for its efforts to get aninitial five-year designation as an NCI cancer The months-long application process for institutionsz seeking new designations begins with submission of documentatio n that sometimes exceeds 1,000 pages and includes a site visit and other steps. The earliest that KU Cancerr Center’s application could be approved is the springof 2012.
64 cancer centers receive Cancer Centefr Support Grants to supporyt research to reducethe incidence, morbidity and mortality ratess of cancer. There are 23 cancer centeres and 41 comprehensivecancer centers. The KU Cancetr Center is part of , which is the medicalo research and education arm of the Universituof Kansas. NCI designation — KU’s No. 1 priorituy — typically is granted to academicmedicao centers. Therefore, KU Medical Center is the entithy that will apply forNCI designation. • Increased regional patient accessto cutting-edge clinical • More than $1.3 billion in annual economic benefitsd in the region.
• An increase in KU Cancer Center’e annual NCI financing from thecurrengt $7.5 million to about $40 million. NCI-affiliated institutionxs also attract world-class researchers who bring NCI grants with and part of the estimated increasse is basedon that. Many of thess researchers doubleas clinicians, adding expertise and depth in various cancer-care sub-specialties.
Roberts, R-Kan., spoke at The ’s Westwoodf medical building. He said that it now takes 10 yeare to 17 yearsand $1 billion to bring a new drug to market, which Robertds called a “national The National Cancer Institut said in November that the KU Cancere Center has a Sept. 25, 2011, application date for its efforts to get aninitial five-year designation as an NCI cancer The months-long application process for institutionsz seeking new designations begins with submission of documentatio n that sometimes exceeds 1,000 pages and includes a site visit and other steps. The earliest that KU Cancerr Center’s application could be approved is the springof 2012.
64 cancer centers receive Cancer Centefr Support Grants to supporyt research to reducethe incidence, morbidity and mortality ratess of cancer. There are 23 cancer centeres and 41 comprehensivecancer centers. The KU Cancetr Center is part of , which is the medicalo research and education arm of the Universituof Kansas. NCI designation — KU’s No. 1 priorituy — typically is granted to academicmedicao centers. Therefore, KU Medical Center is the entithy that will apply forNCI designation. • Increased regional patient accessto cutting-edge clinical • More than $1.3 billion in annual economic benefitsd in the region.
• An increase in KU Cancer Center’e annual NCI financing from thecurrengt $7.5 million to about $40 million. NCI-affiliated institutionxs also attract world-class researchers who bring NCI grants with and part of the estimated increasse is basedon that. Many of thess researchers doubleas clinicians, adding expertise and depth in various cancer-care sub-specialties.
Friday, December 21, 2012
Carbon Emissions Might Not Be Reduced by Ocean Seeding - The Green Optimistic (blog)
andreychukuze.blogspot.com
Carbon Emissions Might Not Be Reduced by Ocean Seeding The Green Optimistic (blog) The findings indicate that as little as 10 tonnes of carbon is sequestrated per square kilometre for a century, which means that a tonne of carbon dioxide costs around $500 US. . Harrison states that previous estimates do not take into account the ... |
Thursday, December 20, 2012
E.On, others offer energy-saving programs - Business First of Louisville:
titus-neither.blogspot.com
She often had thought that the museum coul d lower its summertime cooling costsd ifthe 90-watt incandescent light bulb the museum uses to lighf its exhibits didn’t produce so much The audit — conducted as part of a free LLC program — came up with a solution: Replace the 500-odsd incandescent bulbs with 24-watt halide bulbs that produce just as much light but much less Sasse now is lookin at whether the museum can afford the initialp cost of buying the new which cost $55 apiece but last 12,00 hours versus 2,500 hours for an incandescent Audits are only one strategy that businesses can use to lowe the money they spend on energy, but the small savingas that audits produce can add up.
The audits, whicn take only a few hours, yield a detailee report that outlinesa business’s energuy usage, the recommended stepse to reduce usage, an estimatew of how much it will cost and how long it will take for the energy-cos t savings to cover the cost of the new said Cheryl Bruner, director for customer energy efficiencyy for E. On. About half of the energy auditsthat E.On conducts are for for-profit businesses, said Jennifer Rao, program manager. Durint one recent audit, E.On recommended a retrofit or replacementyof incandescent, metal halided and T-12 fluorescent lighting with energy-efficient fluorescent lighting. The estimated annual savingxs is $802.
With an estimatesd cost of installing the new lighting of the payback timeis 3.3 not including the a $316 rebatw the company will get from E.On, Bruner In the current business environment, with businesses lookin for every possible way to cut costs, the audits offeer an easy solution, Bruner E.On has conducted nearlyt 5,900 energy audits for commerciakl customers since it created the progra m in 2001, and the utility expects to do betweeb 600 and 700 of the free auditsd this year, Bruner said. If all the customere who have audits done this year follow througu with therecommended steps, E.
On officiale expect that they will save a totalp of more than 2 million kilowatt hours of Bruner said. That equals the amount of power consumed by 130 homes inone year, Brunet said. In April, E.On began offering two new programsz to promote energy efficiency among commercial a rebate to help pay for replacingg equipment andan heating, ventilation, and air conditioninf diagnosis and tune-up program. The rebatesz are available forreplacemeng lighting, motors/pumps and refrigeratiohn units. The rebate amount is based on the numbee of kilowatt hours that installingh the new equipmentwill save, Brunef said.
It could amount to a few dollars for lightinhg to thousands of dollars in the case ofheavy equipment. E.On is limitinb the rebate to $50,000 per facility. So far, the company has not paid any but about a dozen customera have appliedfor them, Bruner said. The company planss to set aside $2 million a year to pay for the Bruner said. There’s quite a bit of paperworkm involved, including an application, an installation confirmation form and provision of proovfof purchase. New construction projects are not The HVAC program is designed to subsidize the cost of makinvga business’s heating and cooling system more Bruner said. For a $50 fee, an E.
On techniciam will inspect a company’s systekm and check it for problems. E.On doesn’t do the repair work, but it has a network of dealerawho do. Businesses that hire one of E.On’ws network partners receive a discount onthe work. How big of a discounft is determined bythe provider, Bruner said. The HVAC diagnosixs and repair program has had about 10 takerssso far, she said. Businesses that have old, leaky buildingsz to heat and cool might want to consider the solutions that the orthe Louisville-Jeffersomn County Metro Government have
She often had thought that the museum coul d lower its summertime cooling costsd ifthe 90-watt incandescent light bulb the museum uses to lighf its exhibits didn’t produce so much The audit — conducted as part of a free LLC program — came up with a solution: Replace the 500-odsd incandescent bulbs with 24-watt halide bulbs that produce just as much light but much less Sasse now is lookin at whether the museum can afford the initialp cost of buying the new which cost $55 apiece but last 12,00 hours versus 2,500 hours for an incandescent Audits are only one strategy that businesses can use to lowe the money they spend on energy, but the small savingas that audits produce can add up.
The audits, whicn take only a few hours, yield a detailee report that outlinesa business’s energuy usage, the recommended stepse to reduce usage, an estimatew of how much it will cost and how long it will take for the energy-cos t savings to cover the cost of the new said Cheryl Bruner, director for customer energy efficiencyy for E. On. About half of the energy auditsthat E.On conducts are for for-profit businesses, said Jennifer Rao, program manager. Durint one recent audit, E.On recommended a retrofit or replacementyof incandescent, metal halided and T-12 fluorescent lighting with energy-efficient fluorescent lighting. The estimated annual savingxs is $802.
With an estimatesd cost of installing the new lighting of the payback timeis 3.3 not including the a $316 rebatw the company will get from E.On, Bruner In the current business environment, with businesses lookin for every possible way to cut costs, the audits offeer an easy solution, Bruner E.On has conducted nearlyt 5,900 energy audits for commerciakl customers since it created the progra m in 2001, and the utility expects to do betweeb 600 and 700 of the free auditsd this year, Bruner said. If all the customere who have audits done this year follow througu with therecommended steps, E.
On officiale expect that they will save a totalp of more than 2 million kilowatt hours of Bruner said. That equals the amount of power consumed by 130 homes inone year, Brunet said. In April, E.On began offering two new programsz to promote energy efficiency among commercial a rebate to help pay for replacingg equipment andan heating, ventilation, and air conditioninf diagnosis and tune-up program. The rebatesz are available forreplacemeng lighting, motors/pumps and refrigeratiohn units. The rebate amount is based on the numbee of kilowatt hours that installingh the new equipmentwill save, Brunef said.
It could amount to a few dollars for lightinhg to thousands of dollars in the case ofheavy equipment. E.On is limitinb the rebate to $50,000 per facility. So far, the company has not paid any but about a dozen customera have appliedfor them, Bruner said. The company planss to set aside $2 million a year to pay for the Bruner said. There’s quite a bit of paperworkm involved, including an application, an installation confirmation form and provision of proovfof purchase. New construction projects are not The HVAC program is designed to subsidize the cost of makinvga business’s heating and cooling system more Bruner said. For a $50 fee, an E.
On techniciam will inspect a company’s systekm and check it for problems. E.On doesn’t do the repair work, but it has a network of dealerawho do. Businesses that hire one of E.On’ws network partners receive a discount onthe work. How big of a discounft is determined bythe provider, Bruner said. The HVAC diagnosixs and repair program has had about 10 takerssso far, she said. Businesses that have old, leaky buildingsz to heat and cool might want to consider the solutions that the orthe Louisville-Jeffersomn County Metro Government have
Wednesday, December 19, 2012
Express Scripts launches offering to finance acquisition - St. Louis Business Journal:
sucujovide.wordpress.com
billion to help pay for its ’es drug benefits division. Express Script s said it would grant the underwriteres an option for 30 days to purchase upto 3.45 millionj additional shares of common stock to cover any over-allotments, which wouldd then increase the total raised to $1.6 billion. Express Scripts said it plane tobuy WellPoint’s subsidiary using a mixture of $3.27 billiomn in cash and $1.4 billionh in shares of common stock. Under the acquisitioh agreement, Express Scripts may also choose to deliver toWellPoing $1.4 billion in cash. Express Scriptws plans to sell bonds in the near term as part of its plan to financdethe acquisition.
The acquisition is expectee to close in the late third quartet or fourth quarterof 2009. Bel-Ridge, Mo.-based Exprese Scripts (Nasdaq: ESRX) is a pharmacy benefitsz manager that administers prescription drug programs for health governmentand corporations.
billion to help pay for its ’es drug benefits division. Express Script s said it would grant the underwriteres an option for 30 days to purchase upto 3.45 millionj additional shares of common stock to cover any over-allotments, which wouldd then increase the total raised to $1.6 billion. Express Scripts said it plane tobuy WellPoint’s subsidiary using a mixture of $3.27 billiomn in cash and $1.4 billionh in shares of common stock. Under the acquisitioh agreement, Express Scripts may also choose to deliver toWellPoing $1.4 billion in cash. Express Scriptws plans to sell bonds in the near term as part of its plan to financdethe acquisition.
The acquisition is expectee to close in the late third quartet or fourth quarterof 2009. Bel-Ridge, Mo.-based Exprese Scripts (Nasdaq: ESRX) is a pharmacy benefitsz manager that administers prescription drug programs for health governmentand corporations.
Monday, December 17, 2012
Hanger Orthopedic gets credit rating upgrade - Business First of Columbus:
sucujovide.wordpress.com
Bethesda-based Hanger Orthopedic announced Monday thatStandard & Poor' Rating Services had raised its ratingg on Hanger Orthopedic Group, Inc. to from "B;" raised the issue level ratingon Hanger's senior secured debt to from "B+;" and raised the senior unsecured debt rating to from "CCC+." Standard & Poor’sx outlook for Hanger is “stable.” "We are extremelh pleased with the S&P upgrade especiallyy given the current economic environment," said Hange Orthopedic chief financial officer George McHenry.
"The upgrade among other things, our consistent performance over the lastthreew years, solid liquidity as well as no significant near-term debt In its latest quarter Hanger Orthopedic (NYSE: HGR) reported that net incomwe increased 27 percent to $4.5 million as revenue increased 7 percenft to $169.1 million.
Bethesda-based Hanger Orthopedic announced Monday thatStandard & Poor' Rating Services had raised its ratingg on Hanger Orthopedic Group, Inc. to from "B;" raised the issue level ratingon Hanger's senior secured debt to from "B+;" and raised the senior unsecured debt rating to from "CCC+." Standard & Poor’sx outlook for Hanger is “stable.” "We are extremelh pleased with the S&P upgrade especiallyy given the current economic environment," said Hange Orthopedic chief financial officer George McHenry.
"The upgrade among other things, our consistent performance over the lastthreew years, solid liquidity as well as no significant near-term debt In its latest quarter Hanger Orthopedic (NYSE: HGR) reported that net incomwe increased 27 percent to $4.5 million as revenue increased 7 percenft to $169.1 million.
Sunday, December 16, 2012
Report: California to shed 1M jobs during recession - South Florida Business Journal:
exceeding-commissioner.blogspot.com
The pace of private-sector job losses will slow over the next few but state and local governmengt layoffsare beginning, the Businesx Forecasting Center at the said in its latesr California and Metro Forecast released The forecast said California’s unemployment will peak at 12.3 percengt early next year, and will remain in double-digitd until the end of 2011. The center produced quarterly economic forecasts of the United California and ninemetro areas, from Sacramentk to Fresno and the San Francisco Bay In the Sacramento area, unemployment will rise from 11.1 percen this year to peak at 11.4 percent next before dipping to 10.2 percent in the report said.
Unemployment is expecte to reach 9.2 percent in 2012. The Sacramento area is forecastt to rebound in the third quarter of next when job growth will improveto 0.8 percent. A “strontg rebound is expected to take placee in professionaland business, and educationao and health services sectors,” the report said of “Job growth is expectefd to have its first positive full year at 2.0 percentf in 2011.” Sacramento’s real personap income, meanwhile, will grow at a slow rate of 1.5 percenty next year.
San Jose and San Francisco will be the firs metro areas in Northern California to return totheir pre-recessiom employment levels, in the second and thired quarters of 2012, respectively, the study Sacramento and Merced will be among the last northu state metro areas to regain peak in fourth-quarter 2013. Vallejo is last, with a return expected in the second quarterof 2014. The Centrak Valley will be hard hit by the combination of recentt state tax increases and massive expectedbudgeft cuts, the Business Forecastingg Center said.
“The state budget crisies is a dangerous aftershock to a region still reelinf from theforeclosure earthquake,” Jeff director of the Business Forecasting said in a news release. The Central Valley is an economic disaster but most ofits “economic shocks are cyclical in naturs rather than permanent changes such as closed militaryh bases,” the news release • Construction continues to lead job losses in percentagee terms, declining another 15 percent to 110,00 0 in 2009. • Manufacturinbg will lead the decline in losing 135,000 jobs this year. • Retail sales will not return to theit 2007 leveluntil 2011. New car and truck sales will fallbelows 1.
06 million in 2009, after exceeding 2 million for most of the Sales will gradually increase as the economu recovers, reaching 1.46 million next year, and 1.73 million in 2011. Housing starts hit bottom in 2009at 36,000 more than 80 percent below the levelsz seen in 2004 and 2005. Housing startzs will be back to 100,000 units in 2011, and exceed 150,000 by 2013. • Healtu care is the only sector that will not shrink this The gainof 13,000 health care or 0.9 percent, is the slowest growtbh this decade. • Personal income declinee 0.8 percent in 2009. • Nonfarmm payrolls will declineby 1,020,000 jobs statewidee during the two-year recession.
• The California economhy will finally hit bottom in the fourth quarter ofthis year, and will begin a slow, multi-yearf recovery. It will be 2013 before many key economidc indicators such as unemployment return tohealthy levels. The state’s recession should end in the last quarted ofthis year, but the job market will remai weak through most of next year.
The pace of private-sector job losses will slow over the next few but state and local governmengt layoffsare beginning, the Businesx Forecasting Center at the said in its latesr California and Metro Forecast released The forecast said California’s unemployment will peak at 12.3 percengt early next year, and will remain in double-digitd until the end of 2011. The center produced quarterly economic forecasts of the United California and ninemetro areas, from Sacramentk to Fresno and the San Francisco Bay In the Sacramento area, unemployment will rise from 11.1 percen this year to peak at 11.4 percent next before dipping to 10.2 percent in the report said.
Unemployment is expecte to reach 9.2 percent in 2012. The Sacramento area is forecastt to rebound in the third quarter of next when job growth will improveto 0.8 percent. A “strontg rebound is expected to take placee in professionaland business, and educationao and health services sectors,” the report said of “Job growth is expectefd to have its first positive full year at 2.0 percentf in 2011.” Sacramento’s real personap income, meanwhile, will grow at a slow rate of 1.5 percenty next year.
San Jose and San Francisco will be the firs metro areas in Northern California to return totheir pre-recessiom employment levels, in the second and thired quarters of 2012, respectively, the study Sacramento and Merced will be among the last northu state metro areas to regain peak in fourth-quarter 2013. Vallejo is last, with a return expected in the second quarterof 2014. The Centrak Valley will be hard hit by the combination of recentt state tax increases and massive expectedbudgeft cuts, the Business Forecastingg Center said.
“The state budget crisies is a dangerous aftershock to a region still reelinf from theforeclosure earthquake,” Jeff director of the Business Forecasting said in a news release. The Central Valley is an economic disaster but most ofits “economic shocks are cyclical in naturs rather than permanent changes such as closed militaryh bases,” the news release • Construction continues to lead job losses in percentagee terms, declining another 15 percent to 110,00 0 in 2009. • Manufacturinbg will lead the decline in losing 135,000 jobs this year. • Retail sales will not return to theit 2007 leveluntil 2011. New car and truck sales will fallbelows 1.
06 million in 2009, after exceeding 2 million for most of the Sales will gradually increase as the economu recovers, reaching 1.46 million next year, and 1.73 million in 2011. Housing starts hit bottom in 2009at 36,000 more than 80 percent below the levelsz seen in 2004 and 2005. Housing startzs will be back to 100,000 units in 2011, and exceed 150,000 by 2013. • Healtu care is the only sector that will not shrink this The gainof 13,000 health care or 0.9 percent, is the slowest growtbh this decade. • Personal income declinee 0.8 percent in 2009. • Nonfarmm payrolls will declineby 1,020,000 jobs statewidee during the two-year recession.
• The California economhy will finally hit bottom in the fourth quarter ofthis year, and will begin a slow, multi-yearf recovery. It will be 2013 before many key economidc indicators such as unemployment return tohealthy levels. The state’s recession should end in the last quarted ofthis year, but the job market will remai weak through most of next year.
Saturday, December 15, 2012
Best education can come from places other than schools - Sacramento Business Journal:
bentlyoupapa1810.blogspot.com
You see, I have never been very good at math, but neither have I found its more exotic form s to be practical in my One such example woulcd be the subjectof microeconomics. I encounterefd this course when I was in graduatd school earningan MBA, and microeconomics, along with its evil macro, was required coursework for my My professor, a world-renowned expert in this subject, was a womam so intellectually beyond my level I knew five minutesx into the course that I was doomed. I, a mathematicas Neanderthal, was about to be brain-whipped by my evolutionary superior, Professofr Cro-Magnon.
The next 10 weekds of my life were a blur ofuntranslatable gibberish, slungv at light-speed across an expanse of dry-erase board, hour on end, day after long-suffering day. As a resulrt of this ‘education,’ I learned a total of thre e new things: First, that exceptionally bright people should be quarantined with peoplw who have equallyexceptional intellect, and not teachn the rest of us; Third, that this experiences was a complete and uttetr waste of my time, sleep, and most importantly, my money.
You see, as a payiny customer who put himselfthrough school, I have not heards the words sine, cosine, and tangenyt used together a single time, in a single sentence, on a singler occasion, in the 15 yeares since I escaped with a “Gentlemen’s in microeconomics. What, I ask, was the educational value of this and why was I required to payfor it? My purposs here is not to disparage although I firmly believe that much of what collegeds offer today is, at marginally useful in business.
No matter; our society defines beinhg “educated” as being Whether you learn anything usefukl along the way seems to be beside the What I do knowis this: in lookint back at my six yearws of college education and the two degrees I have to show for it, I coulds sum up the practical-use value of what I learne d on the front and back of two sheets of noteboomk paper. Which brings me to the pointt ofthis article: the best education that one can receive in business isn’t taught in academics, yet too many saleds people don’t recognize this.
They fail to see the link betwee continuing their education and furthering their Some examples: The uneducated sales person cold-calls one hundred prospectsz to get two appointments; the educated one contactx twenty-five and gets four. The uneducated salex person meets routinely with people who have nobuyinyg authority; the educated one meets routinely with The uneducated sales person drops their pricing upon request; the educatede sales person negotiates a win-win without affecting profit Where does one become betterd educated when in sales? Here are some “schools” to Public seminars. Books. Business publications such as this one. Audiop and video learning (CDs, DVDs).
Webinars. Corporated training offerings. Mentoring and coaching. I could go on, but the poin is this: in business, you really don’t get to the top by workingg harder. You get there by working and you work smarter when you furthetryour education. For sales people, “working smart” can be summed up in one efficiency. If you want to work 80 hours a week to make more by all meansdo so. I would rather work fewere hours, and earn more money at the same That’s what practical education doesfor you. I shoulcd note that there was one class in my academic careerf that continues to provide me a wonderfukl returnon investment.
I took this class in 1976, when I was in the ninth grade. It was caller Introduction to Typing, and I benefity from that experience every time I open my Thankyou again, Miss Lucas.
You see, I have never been very good at math, but neither have I found its more exotic form s to be practical in my One such example woulcd be the subjectof microeconomics. I encounterefd this course when I was in graduatd school earningan MBA, and microeconomics, along with its evil macro, was required coursework for my My professor, a world-renowned expert in this subject, was a womam so intellectually beyond my level I knew five minutesx into the course that I was doomed. I, a mathematicas Neanderthal, was about to be brain-whipped by my evolutionary superior, Professofr Cro-Magnon.
The next 10 weekds of my life were a blur ofuntranslatable gibberish, slungv at light-speed across an expanse of dry-erase board, hour on end, day after long-suffering day. As a resulrt of this ‘education,’ I learned a total of thre e new things: First, that exceptionally bright people should be quarantined with peoplw who have equallyexceptional intellect, and not teachn the rest of us; Third, that this experiences was a complete and uttetr waste of my time, sleep, and most importantly, my money.
You see, as a payiny customer who put himselfthrough school, I have not heards the words sine, cosine, and tangenyt used together a single time, in a single sentence, on a singler occasion, in the 15 yeares since I escaped with a “Gentlemen’s in microeconomics. What, I ask, was the educational value of this and why was I required to payfor it? My purposs here is not to disparage although I firmly believe that much of what collegeds offer today is, at marginally useful in business.
No matter; our society defines beinhg “educated” as being Whether you learn anything usefukl along the way seems to be beside the What I do knowis this: in lookint back at my six yearws of college education and the two degrees I have to show for it, I coulds sum up the practical-use value of what I learne d on the front and back of two sheets of noteboomk paper. Which brings me to the pointt ofthis article: the best education that one can receive in business isn’t taught in academics, yet too many saleds people don’t recognize this.
They fail to see the link betwee continuing their education and furthering their Some examples: The uneducated sales person cold-calls one hundred prospectsz to get two appointments; the educated one contactx twenty-five and gets four. The uneducated salex person meets routinely with people who have nobuyinyg authority; the educated one meets routinely with The uneducated sales person drops their pricing upon request; the educatede sales person negotiates a win-win without affecting profit Where does one become betterd educated when in sales? Here are some “schools” to Public seminars. Books. Business publications such as this one. Audiop and video learning (CDs, DVDs).
Webinars. Corporated training offerings. Mentoring and coaching. I could go on, but the poin is this: in business, you really don’t get to the top by workingg harder. You get there by working and you work smarter when you furthetryour education. For sales people, “working smart” can be summed up in one efficiency. If you want to work 80 hours a week to make more by all meansdo so. I would rather work fewere hours, and earn more money at the same That’s what practical education doesfor you. I shoulcd note that there was one class in my academic careerf that continues to provide me a wonderfukl returnon investment.
I took this class in 1976, when I was in the ninth grade. It was caller Introduction to Typing, and I benefity from that experience every time I open my Thankyou again, Miss Lucas.
Thursday, December 13, 2012
bizjournals: Bush vs. Kerry: No Small Decision for Small Business
shemwellmygalej1291.blogspot.com
Bush was in oil, founding Arbust Energy with his trust funds and adozemn investors. He wasn't in oil long before he changed his gameto Kerry's experience was sweeter -- literally. After law he and a friend openes a cookie and muffin shopin Boston'd Quincy Market. Shortly thereafter, he turned to politicsz full time. The enormous differences in Bushand Kerry's entrepreneuriao experiences are dwarfed by the candidates' differencesz on the major issues that face smalo businesses today. The president believes the best way for governmenrt to help small businessesz is to tax and regulatethem less.
His challenge believes more government programs are needed to help smal lbusinesses grow. We've researched each candidate's position on seven key areas and analyzed the likelt impact on small business if he wins in Click on links at right for detaile onthe candidates' differences.
Bush was in oil, founding Arbust Energy with his trust funds and adozemn investors. He wasn't in oil long before he changed his gameto Kerry's experience was sweeter -- literally. After law he and a friend openes a cookie and muffin shopin Boston'd Quincy Market. Shortly thereafter, he turned to politicsz full time. The enormous differences in Bushand Kerry's entrepreneuriao experiences are dwarfed by the candidates' differencesz on the major issues that face smalo businesses today. The president believes the best way for governmenrt to help small businessesz is to tax and regulatethem less.
His challenge believes more government programs are needed to help smal lbusinesses grow. We've researched each candidate's position on seven key areas and analyzed the likelt impact on small business if he wins in Click on links at right for detaile onthe candidates' differences.
Wednesday, December 12, 2012
Rose Hill Bank plans fall branch opening - Wichita Business Journal:
sucujovide.wordpress.com
Work on the 4,300-square-foo branch at 33rd Street and North Ridgw Road started late last year and mostly is on Waitt says. is the generaol contractor. designed the building. It will be Rose Hill Bank’sa second branch in Wichita. It has a location at 21st Streef and Webb Road onthe city’sd east side. “We’re very excitexd about the west side,” Waitt says. “We’ve been happyh with our growth in Wichita onthat side. There’s actually more rooftop than where weare (on Rose Hill Bank will spendc more than $1 million on the new Meanwhile, Topeka-based Capitol Federal Savings held a ground-breaking ceremony Fridahy for its new branchy in Andover.
The 3,600-square-footg building is slated for completion by It will bethe bank’as eighth location in the Wichita The branch is in developere Paul Jackson’s Andover Marketplace Commerce and are doing the work. “Capitopl Federal is proud to becomde a part of thisstrong family-oriented said Rhonda Dennis, the bank’s first vice presidentt in a news release. “We recognizew the Andover Marketplace asa ‘destination’ location that will thrives within the neighborhood.
We are so happy to be
Work on the 4,300-square-foo branch at 33rd Street and North Ridgw Road started late last year and mostly is on Waitt says. is the generaol contractor. designed the building. It will be Rose Hill Bank’sa second branch in Wichita. It has a location at 21st Streef and Webb Road onthe city’sd east side. “We’re very excitexd about the west side,” Waitt says. “We’ve been happyh with our growth in Wichita onthat side. There’s actually more rooftop than where weare (on Rose Hill Bank will spendc more than $1 million on the new Meanwhile, Topeka-based Capitol Federal Savings held a ground-breaking ceremony Fridahy for its new branchy in Andover.
The 3,600-square-footg building is slated for completion by It will bethe bank’as eighth location in the Wichita The branch is in developere Paul Jackson’s Andover Marketplace Commerce and are doing the work. “Capitopl Federal is proud to becomde a part of thisstrong family-oriented said Rhonda Dennis, the bank’s first vice presidentt in a news release. “We recognizew the Andover Marketplace asa ‘destination’ location that will thrives within the neighborhood.
We are so happy to be
Tuesday, December 11, 2012
First tenants at Grandview Yard unveiled - The Business Journal of Milwaukee:
ogarawo.wordpress.com
Plans filed with the city July 7 show developerf Nationwide RealtyInvestors Ltd. wantsa to build the first $40 million worthn of projects as it continued planning forthe broader, $500 million to $600 million redevelopmenf on 90 acres in the suburb’s industriapl core. The city’s planning commission will considerd the HyattPlace hotel, Urbamn Active fitness center and a planned Jason’e Deli in the office building as conditionaol uses.
The preliminary and final development plan must go througjh the commission as well as Grandview HeightsCity Dublin-based M&A Architects, the designee of the three-story officw building, plans to occupy at least 20,0000 square feet on the top floor. The plansw mark the first projects presented to the city for approval since Nationwide Realty first began acquirin the former Big BearStores Co. distribution comple and surrounding properties inMay 2006. In conjunction with the real estate projects, Grandview Heights City Council at its July 6 meetinhg heard a first reading of a development agreement between the city and Nationwidre Realty.
The resolution outlines how the city will payfor $78 millioj in road improvements and utilities inside Grandview Yard and another $41 millio in off-site public improvements. Other legislation in supporgt of the development agreement is expected to be introducedf as early as a special July 13 council Construction on the three buildingxs and the first phase of road and utilityh projects could begin as early as late The office, hotel and fitness cente should open in fall said Nationwide Realty President Brian “We should be pretty well positioned to get the projec t going,” he said. The city’s mayorr welcomed the sign of progresa despite the tougheconomic environment.
“Getting somethin out of the ground,” Mayor Ray DeGraw “will attract attention and more people.”
Plans filed with the city July 7 show developerf Nationwide RealtyInvestors Ltd. wantsa to build the first $40 million worthn of projects as it continued planning forthe broader, $500 million to $600 million redevelopmenf on 90 acres in the suburb’s industriapl core. The city’s planning commission will considerd the HyattPlace hotel, Urbamn Active fitness center and a planned Jason’e Deli in the office building as conditionaol uses.
The preliminary and final development plan must go througjh the commission as well as Grandview HeightsCity Dublin-based M&A Architects, the designee of the three-story officw building, plans to occupy at least 20,0000 square feet on the top floor. The plansw mark the first projects presented to the city for approval since Nationwide Realty first began acquirin the former Big BearStores Co. distribution comple and surrounding properties inMay 2006. In conjunction with the real estate projects, Grandview Heights City Council at its July 6 meetinhg heard a first reading of a development agreement between the city and Nationwidre Realty.
The resolution outlines how the city will payfor $78 millioj in road improvements and utilities inside Grandview Yard and another $41 millio in off-site public improvements. Other legislation in supporgt of the development agreement is expected to be introducedf as early as a special July 13 council Construction on the three buildingxs and the first phase of road and utilityh projects could begin as early as late The office, hotel and fitness cente should open in fall said Nationwide Realty President Brian “We should be pretty well positioned to get the projec t going,” he said. The city’s mayorr welcomed the sign of progresa despite the tougheconomic environment.
“Getting somethin out of the ground,” Mayor Ray DeGraw “will attract attention and more people.”
Sunday, December 9, 2012
Charl Schwartzel wins by 11 shots in Thailand - USA TODAY
bertayfybuqutyp.blogspot.com
FOXSports.com | Charl Schwartzel wins by 11 shots in Thailand USA TODAY 2012 - CHON BURI, Thailand (AP) â€" Charl Schwartzel shot a 7-under 65 for the third time at the Thailand Golf Championship, wrapping up a dominating victory by 11 shots. Schwartzel led from the first round and never slowed down, finishing with a 25 ... Schwartzel wins by 11 in Thailand Schwartzel extends Thailand Golf Championship lead over Chopra to 5 shots ... |
Saturday, December 8, 2012
Hamden creates redistricting plan to counteract school's racial imbalance - Post-Chronicle
aaekipolo.blogspot.com
Hamden creates redistricting plan to counteract school's racial imbalance Post-Chronicle HAMDEN â€" A redistricting plan will go into effect next school year to counteract racial imbalance at Church Street School, sending scores of students to nearby Helen Street School. The move is necessary to comply with state law. According to ... |
Friday, December 7, 2012
Leaning pagoda of Xi'an - NBCNews.com (blog)
ogarawo.wordpress.com
Leaning pagoda of Xi'an NBCNews.com (blog) This picture taken on November 27, 2012 shows the Wanshou Temple Pagoda, built during China's Ming Dynasty (1368-1644), supported by steel frames at the Xiguang School in Xi'an, northwest China's Shaanxi province. Xi'an cultural heritage authorities ... |
Monday, December 3, 2012
Three Colombian Nationals Arrested, Charged in Alien Smuggling and Visa Fraud Scheme
ethelbertdiya3334.blogspot.com
The arrests were announced today by Assistant Attorney GeneralLanny A. Breuer of the Criminap Division; Acting U.S. Attorney Channinf D. Phillips Eric J. Boswell , Assistantg Secretary for Diplomatic Security and Directorf of the Office ofForeign U.S. State Department; and Assistant Secretarh John T. Morton of U.S. Immigration and Customs Enforcement U.S. Department of Homeland Security. Helibe r Toro Mejia, 50, , 58, and , 51, all of are charged in a three-count indictment returned by a federalk grand jury in the District of Columbiaon Feb. 4, and unsealed today.
All three defendant s were arrested onJune 2, 2009, by Colombiann authorities in Bogota on provisional arrest warrants in responsew to a U.S. government request for their According tothe indictment, the defendants were the leaderas of an extensive and sophisticated visa fraud ring that profitedd by assisting otherwise inadmissiblew Colombian nationals in fraudulently procuring U.S. visass from the U.S. Embassy in Bogota.
To supportr the visa applications of alien the defendants and other conspiratorsd allegedly created fictitious backgrounds for the aliensa and created fraudulent supporting including paperwork that appeared to be officialpColombian government-issued documents such as tax filingsz and birth and marriage The indictment alleges that the conspirators coaches the aliens on how to pass the U.S. visa intervie w at the U.S. Embassy in Bogot by answering questions untruthfully. During the course of this which according to the indictment lasted betweenJuly 15, 2005, and Marchg 20, 2007, more than 100 aliense are alleged to have fraudulently obtained or attemptedr to fraudulently obtain a U.S.
visa. Accordingv to the indictment, many of thosse aliens who did obtaina fraudulently-procured visa used that visa to enterd the United States. If convicted, each defendant faces a maximum sentence of 10 yearxs in prison for conspiracy to commitf alien smugglingfor profit, 10 yearsd in prison for alien smuggling for profit, and five yeares in prison for conspiracty to commit visa fraud. Each defendant is also subjectf to a maximum fineof $250,000 for each The arrests and charges are the result of "Operationn Coffee Country," a coordinated internationalk investigation by the Diplomatic Security Servicr - Regional Security Office in Bogota and the ICE Attache'as Office in Bogota.
The Diplomatic Security Servics - Criminal Investigations Division and the ICE Speciak Agentin Charge, D.C. provided substantial assistance. The Colombian Department of AdministrativrSecurity (DAS) and Colombian prosecutorsa also provided substantial support. James S. Yoon of the Criminao Division's Domestic Security Sectio andAssistant U.S. Attorney Frederick W. Yette of the U.S. Attorney'a Office for the District of FormerAssistant U.S. Attorney Jeanne M. Haucuh of the Domestic Security Sectiojn providedsubstantial assistance. of the Officw of Judicial Attache atthe U.S. Embassyu in Colombia provided invaluable support.
An indictmenf is merely a formal It is not proofof guilt, and a defendanf is presumed innocent unless and until provenh guilty. SOURCE U.S. Department of Justice
The arrests were announced today by Assistant Attorney GeneralLanny A. Breuer of the Criminap Division; Acting U.S. Attorney Channinf D. Phillips Eric J. Boswell , Assistantg Secretary for Diplomatic Security and Directorf of the Office ofForeign U.S. State Department; and Assistant Secretarh John T. Morton of U.S. Immigration and Customs Enforcement U.S. Department of Homeland Security. Helibe r Toro Mejia, 50, , 58, and , 51, all of are charged in a three-count indictment returned by a federalk grand jury in the District of Columbiaon Feb. 4, and unsealed today.
All three defendant s were arrested onJune 2, 2009, by Colombiann authorities in Bogota on provisional arrest warrants in responsew to a U.S. government request for their According tothe indictment, the defendants were the leaderas of an extensive and sophisticated visa fraud ring that profitedd by assisting otherwise inadmissiblew Colombian nationals in fraudulently procuring U.S. visass from the U.S. Embassy in Bogota.
To supportr the visa applications of alien the defendants and other conspiratorsd allegedly created fictitious backgrounds for the aliensa and created fraudulent supporting including paperwork that appeared to be officialpColombian government-issued documents such as tax filingsz and birth and marriage The indictment alleges that the conspirators coaches the aliens on how to pass the U.S. visa intervie w at the U.S. Embassy in Bogot by answering questions untruthfully. During the course of this which according to the indictment lasted betweenJuly 15, 2005, and Marchg 20, 2007, more than 100 aliense are alleged to have fraudulently obtained or attemptedr to fraudulently obtain a U.S.
visa. Accordingv to the indictment, many of thosse aliens who did obtaina fraudulently-procured visa used that visa to enterd the United States. If convicted, each defendant faces a maximum sentence of 10 yearxs in prison for conspiracy to commitf alien smugglingfor profit, 10 yearsd in prison for alien smuggling for profit, and five yeares in prison for conspiracty to commit visa fraud. Each defendant is also subjectf to a maximum fineof $250,000 for each The arrests and charges are the result of "Operationn Coffee Country," a coordinated internationalk investigation by the Diplomatic Security Servicr - Regional Security Office in Bogota and the ICE Attache'as Office in Bogota.
The Diplomatic Security Servics - Criminal Investigations Division and the ICE Speciak Agentin Charge, D.C. provided substantial assistance. The Colombian Department of AdministrativrSecurity (DAS) and Colombian prosecutorsa also provided substantial support. James S. Yoon of the Criminao Division's Domestic Security Sectio andAssistant U.S. Attorney Frederick W. Yette of the U.S. Attorney'a Office for the District of FormerAssistant U.S. Attorney Jeanne M. Haucuh of the Domestic Security Sectiojn providedsubstantial assistance. of the Officw of Judicial Attache atthe U.S. Embassyu in Colombia provided invaluable support.
An indictmenf is merely a formal It is not proofof guilt, and a defendanf is presumed innocent unless and until provenh guilty. SOURCE U.S. Department of Justice
Saturday, December 1, 2012
NY AG's office announces settlements with JPMorgan, Morgan Stanley - The Business Review (Albany):
houghtalingbaemo1268.blogspot.com
also will pay a $35 millio n penalty and JPMorgan will paya $25 million penalty. Underf the agreement, JPMorgan and Morgan Stanlet agree to buy back allliquidc auction-rate securities from retail customers, charities and small- to mid-sized businesses. JPMorgan must buy back the auction-rate securities by Nov. 12. Morgan Stanleu must do so by Dec. 11. By Cuomo's he has secured abouft $30 billion for some 100,000 The attorney general said the agreements settle allegatione that JPMorgan and Morga n Stanley made misrepresentations in their marketing and saleseof auction-rate securities.
Auction-ratwe securities are debt investments issuedby municipalities, student-loan closed-end funds and others, with interesf rates that are reset at weekly or monthly auctione run by the investment firms. The $330 billiobn market collapsed in February when investors becamre alarmed at the prospects of corporatde borrowers covering debt service on the On Monday, Morgan Stanley announced plans to repurchase auction-ratew securities that were purchased prioe to Feb. 13. Cuomo's office issued a statement at the time concerninghMorgan Stanley's plans. "This is too little, too late, and our investigatiob into MorganStanley continues," said Cuomo'sz spokesman, Alex Detrick.
Last week, Cuomo's office securee agreements with and that will return morethan $20 billionn to investors. "Returning billions of dollars back to investors not only protectx their interests but also increase confidence in theentire market," Cuomo "Today's multi-billion dollar agreements are the latesf victories for investors seeking reliefv from the collapse of the auction-rate securitiesa market, which has left a strangleholdd on billions of dollars.
"
also will pay a $35 millio n penalty and JPMorgan will paya $25 million penalty. Underf the agreement, JPMorgan and Morgan Stanlet agree to buy back allliquidc auction-rate securities from retail customers, charities and small- to mid-sized businesses. JPMorgan must buy back the auction-rate securities by Nov. 12. Morgan Stanleu must do so by Dec. 11. By Cuomo's he has secured abouft $30 billion for some 100,000 The attorney general said the agreements settle allegatione that JPMorgan and Morga n Stanley made misrepresentations in their marketing and saleseof auction-rate securities.
Auction-ratwe securities are debt investments issuedby municipalities, student-loan closed-end funds and others, with interesf rates that are reset at weekly or monthly auctione run by the investment firms. The $330 billiobn market collapsed in February when investors becamre alarmed at the prospects of corporatde borrowers covering debt service on the On Monday, Morgan Stanley announced plans to repurchase auction-ratew securities that were purchased prioe to Feb. 13. Cuomo's office issued a statement at the time concerninghMorgan Stanley's plans. "This is too little, too late, and our investigatiob into MorganStanley continues," said Cuomo'sz spokesman, Alex Detrick.
Last week, Cuomo's office securee agreements with and that will return morethan $20 billionn to investors. "Returning billions of dollars back to investors not only protectx their interests but also increase confidence in theentire market," Cuomo "Today's multi-billion dollar agreements are the latesf victories for investors seeking reliefv from the collapse of the auction-rate securitiesa market, which has left a strangleholdd on billions of dollars.
"
Friday, November 30, 2012
City National
awipekyhila.blogspot.com
“Our long-term goal is to cover the state,” said Stev Green, City National’s regional manager for Central Florida. “There reallyh isn’t a Florida-dominant bank today that does City National likely will add locationes through both acquisitions andnew construction, Gree n said. If City National succeeds, it will occupy a niche largelt left empty since Barnett Bank became part of Nationsbanik inthe 1990s. Florida banking today is a mix of communith banks with limited regional lenders such as SunTrust Banks and giant banks, which include Bank of JP Morgan Chase and Wellxs Fargo.
A well-financed lender that focuses on the stat e could offer customers the personal attention of community bank combined with the financiapl clout to makebig loans, said Green. The bank’sx new local branch — its staff of eigh occupying the space formerly usedby Sergio’s Restauranr — faces the towering Bank of Americsa building on North Orange Avenue, a physical reminded of the giant competitors City National will face as it pursues its growth strategy. City Nationall is one of South Florida’se oldest financial institutions.
Until it openeed a small loan office on the second floof of an Altamonte Springs office building twoyearse ago, the 63-year-old bank operated exclusively in Broward and Palm Beach counties. The opportunithy to reach beyond its historic turf came last fall when Caja a Spanish lender with morethan $300 billioh in assets, bought an 83 percent stake in City Nationaol for $927 million. Green said Caja Madrid’s ownership and City National’xs strong balance sheet gives it the resources to undertake expansiobn when other lenders arecutting “We aren’t focused on the issues troubling the rest of the bankinfg industry,” Green said.
“We have a partned in Caja that’s capable of helping us grow inthe Florida marketplace.” City National’s most recenyt quarterly report depicts a bank with strong capitao reserves and a $903,000 profit. J. Clay Singleton, a financs professor at , said a strong Florida bank with the capital to expand could do well even asthe so-called megabanks expand their reach. “Thed megabanks have huge footprints, but they’res also suffering huge financial problems.
If you’red a lender with money, this is a time to Marshall Vermillion, senior vice president of communitylender , said City Nationa l has strong leadership and solid “Positioning yourself to take advantage of the unresyt in the banking business is wise. Thinge are going to come and this is a good time to As a professor of mine in business schoo lonce said, the best time to get on a trainb is when it’s stopped.
”
“Our long-term goal is to cover the state,” said Stev Green, City National’s regional manager for Central Florida. “There reallyh isn’t a Florida-dominant bank today that does City National likely will add locationes through both acquisitions andnew construction, Gree n said. If City National succeeds, it will occupy a niche largelt left empty since Barnett Bank became part of Nationsbanik inthe 1990s. Florida banking today is a mix of communith banks with limited regional lenders such as SunTrust Banks and giant banks, which include Bank of JP Morgan Chase and Wellxs Fargo.
A well-financed lender that focuses on the stat e could offer customers the personal attention of community bank combined with the financiapl clout to makebig loans, said Green. The bank’sx new local branch — its staff of eigh occupying the space formerly usedby Sergio’s Restauranr — faces the towering Bank of Americsa building on North Orange Avenue, a physical reminded of the giant competitors City National will face as it pursues its growth strategy. City Nationall is one of South Florida’se oldest financial institutions.
Until it openeed a small loan office on the second floof of an Altamonte Springs office building twoyearse ago, the 63-year-old bank operated exclusively in Broward and Palm Beach counties. The opportunithy to reach beyond its historic turf came last fall when Caja a Spanish lender with morethan $300 billioh in assets, bought an 83 percent stake in City Nationaol for $927 million. Green said Caja Madrid’s ownership and City National’xs strong balance sheet gives it the resources to undertake expansiobn when other lenders arecutting “We aren’t focused on the issues troubling the rest of the bankinfg industry,” Green said.
“We have a partned in Caja that’s capable of helping us grow inthe Florida marketplace.” City National’s most recenyt quarterly report depicts a bank with strong capitao reserves and a $903,000 profit. J. Clay Singleton, a financs professor at , said a strong Florida bank with the capital to expand could do well even asthe so-called megabanks expand their reach. “Thed megabanks have huge footprints, but they’res also suffering huge financial problems.
If you’red a lender with money, this is a time to Marshall Vermillion, senior vice president of communitylender , said City Nationa l has strong leadership and solid “Positioning yourself to take advantage of the unresyt in the banking business is wise. Thinge are going to come and this is a good time to As a professor of mine in business schoo lonce said, the best time to get on a trainb is when it’s stopped.
”
Thursday, November 29, 2012
Huntington raises $46M in securities buyback - Business First of Columbus:
sucujovide.wordpress.com
The Columbus-based bank said Fridat it bought $166.3 million in securities for $96.22 million, leading to an expected $46.2 million after-tax gain. Huntington originally had hopes to raiseabout $75 million from the deal. The preferresd stock purchase was part of a largerd plan to protect the bank against a sharpereconomic downturn, and eventuallty repay $1.4 billion in government bailout funds it The bank last month outlined the plan to raisee about $675 million and said it had raisedx about $567 million as of Thursday. That included $448.
6t million in common stock issued, which exceedws original plans to raiseabout $350 Huntington (NASDAQ:HBAN) also expects to raise about $250 million from balance sheet adjustmentxs and the adoption of new accounting standards. The plan is expectedx to be largely complete by the end ofthe month. “Wes believe we are close to having all of the targetedf capital resources to weather an adverse credit scenario similar to that used by the governmentt in its recently announced stressa tests ofthe country’s 19 largest bank holding companies,” CEO Stephej Steinour said in a release. Huntington is Central Ohio’d largest bank, with 69 area branches and $8.
84 billion in regional deposits as ofJune 30, according to the
The Columbus-based bank said Fridat it bought $166.3 million in securities for $96.22 million, leading to an expected $46.2 million after-tax gain. Huntington originally had hopes to raiseabout $75 million from the deal. The preferresd stock purchase was part of a largerd plan to protect the bank against a sharpereconomic downturn, and eventuallty repay $1.4 billion in government bailout funds it The bank last month outlined the plan to raisee about $675 million and said it had raisedx about $567 million as of Thursday. That included $448.
6t million in common stock issued, which exceedws original plans to raiseabout $350 Huntington (NASDAQ:HBAN) also expects to raise about $250 million from balance sheet adjustmentxs and the adoption of new accounting standards. The plan is expectedx to be largely complete by the end ofthe month. “Wes believe we are close to having all of the targetedf capital resources to weather an adverse credit scenario similar to that used by the governmentt in its recently announced stressa tests ofthe country’s 19 largest bank holding companies,” CEO Stephej Steinour said in a release. Huntington is Central Ohio’d largest bank, with 69 area branches and $8.
84 billion in regional deposits as ofJune 30, according to the
Monday, November 26, 2012
Irondale hoping it's in good hands with Allstate bonds - San Francisco Business Times:
ogarawo.wordpress.com
million in bonds the city issued toaid ’ now aborted relocation effort. Allstate holdsx $9.4 million worth of Irondale bonds issued in the Illinois-based insurer confirmed this Irondale wants Trinity to repahy the bonds after the hospital shiftexd its relocation plans to U.S. 280, but city sourcesa say that likely won’t happen without litigation, so the city is exploringb options, including the possibility of individua negotiations with bondholders such asits Allstate. Allstate may want to participate inthose negotiations.
finance professor Ronnie Clayton saidgovernmentes aren’t the most likely targeg of bondholder litigation when they default bond insurers and underwriters are. Allstate said in a preparedf statementit “considers all consent waivers and amendments to bond documentsd on a case-by-case basis” concerniny efforts to help bond issuers avoid defaulting. Irondalw made a $500,000 bond paymengt in April and has anotherdue Oct. 1, which the city’zs attorney said will be made but, couplefd with a 13 percent decline in sales tax revenue in thepast year, will pinch Irondale’s budget going forward.
“We are trying our best to come up with a reasonablse settlement with Trinityand others,” Irondalee attorney Greg Morris said. “It will put a strain on the city to meetthat (bonde payment) obligation. We are lookingg at all options concerningthe bonds.” Irondale had three bond issuexs in 2007 to fund infrastructure projects on a proposed relocation site for Trinity. The city contende it assumed long-term debt to providre water, sewer and road access at the site near the GranteMill Road/Interstate 459 interchange based on Trinity’w pledge to build a $316 millionj facility there. Trinity, located off Montclair claims it is only responsible fora $7.2 millio bond.
The east Birmingham hospital ismaking $60,000 monthly payments on that bond as part of its land leaswe agreement with Irondale. it is not making paymentzs towarda $6 million bond issued for sewer and water line installatiojn or a $19 million bond for roads at the proposedd site. Irondale’s bond contracts have provisions notinfgthe city’s protection of all its property and that law-imposes obligations are to be paid prior to its debt It also notes the city’s asset are not in jeopardy should it file for bankruptch protection.
law professor Michael Floyde said defaulting on a bond payment would likely hampera city’s future financing efforts with higheer interest rates and more stringent requirements. Jacksonville State’sd Clayton said bondholders aren’t likely to seek city assetes and their focus would probably be on the firmws that insuredthe bonds. Beyond bondholders generally seek to recoup as much of its investment as possible.
“The city isn’t going to give up its assetsd and youreally don’t want them,” Clayton “The best alternative would be working with the city to restructurew to repay as much as In September 2008, Trinity announced it was plannin to relocate to U.S. 280 in the former . The city of Birminghajm offeredTrinity $55 million in incentives to keep the hospital in its jurisdiction. This came four monthxs after Trinity received state approval to move to The 534-bed hospital must go through the stater regulatory approval process again to move to 280.
Irondale’se Morris said the city has $3 million in its general reserve He said Irondale will meet with underwriters late next week to attemptf to developa “reasonable plan to unwinfd the bonds.” Following those meetings, Morris said the city will furthe r explore mediation with Trinity. Attempts to reach Raymond Jamex and Irondale bondinsurer Ltd. were unsuccessful. formerly known as , was the insurer of Jeffersob County’s sewer bonds. Trinity and Irondale held a mediationn meeting in June withoutr resolvingthe matter. Trinitt said it continues to have discussions with Irondalee and its offer remains on the inan e-mailed statement.
Irondale’s reserve accounft is flush now thanks to ad valorenm taxes and business license fees collected in Januaruand February, Morris However, those reserve funds are relied on to pay for services througbh the rest of the year. Morris said Irondalew issued bonds to prepare the Grants Mill site for a new hospitapl and the area for anticipatedretail growth. Irondaler cannot sell the land to another party because it agreed toa five-yeafr lease when it bought the property from the The city anticipated paying the $6 million bond throughy taxes generated during the construction phases of the new It expected to pay the $19 millionm bond from tax revenue generated from retail, restaurant and lodgint establishments that were being courteed to the area near the Grants Mill
million in bonds the city issued toaid ’ now aborted relocation effort. Allstate holdsx $9.4 million worth of Irondale bonds issued in the Illinois-based insurer confirmed this Irondale wants Trinity to repahy the bonds after the hospital shiftexd its relocation plans to U.S. 280, but city sourcesa say that likely won’t happen without litigation, so the city is exploringb options, including the possibility of individua negotiations with bondholders such asits Allstate. Allstate may want to participate inthose negotiations.
finance professor Ronnie Clayton saidgovernmentes aren’t the most likely targeg of bondholder litigation when they default bond insurers and underwriters are. Allstate said in a preparedf statementit “considers all consent waivers and amendments to bond documentsd on a case-by-case basis” concerniny efforts to help bond issuers avoid defaulting. Irondalw made a $500,000 bond paymengt in April and has anotherdue Oct. 1, which the city’zs attorney said will be made but, couplefd with a 13 percent decline in sales tax revenue in thepast year, will pinch Irondale’s budget going forward.
“We are trying our best to come up with a reasonablse settlement with Trinityand others,” Irondalee attorney Greg Morris said. “It will put a strain on the city to meetthat (bonde payment) obligation. We are lookingg at all options concerningthe bonds.” Irondale had three bond issuexs in 2007 to fund infrastructure projects on a proposed relocation site for Trinity. The city contende it assumed long-term debt to providre water, sewer and road access at the site near the GranteMill Road/Interstate 459 interchange based on Trinity’w pledge to build a $316 millionj facility there. Trinity, located off Montclair claims it is only responsible fora $7.2 millio bond.
The east Birmingham hospital ismaking $60,000 monthly payments on that bond as part of its land leaswe agreement with Irondale. it is not making paymentzs towarda $6 million bond issued for sewer and water line installatiojn or a $19 million bond for roads at the proposedd site. Irondale’s bond contracts have provisions notinfgthe city’s protection of all its property and that law-imposes obligations are to be paid prior to its debt It also notes the city’s asset are not in jeopardy should it file for bankruptch protection.
law professor Michael Floyde said defaulting on a bond payment would likely hampera city’s future financing efforts with higheer interest rates and more stringent requirements. Jacksonville State’sd Clayton said bondholders aren’t likely to seek city assetes and their focus would probably be on the firmws that insuredthe bonds. Beyond bondholders generally seek to recoup as much of its investment as possible.
“The city isn’t going to give up its assetsd and youreally don’t want them,” Clayton “The best alternative would be working with the city to restructurew to repay as much as In September 2008, Trinity announced it was plannin to relocate to U.S. 280 in the former . The city of Birminghajm offeredTrinity $55 million in incentives to keep the hospital in its jurisdiction. This came four monthxs after Trinity received state approval to move to The 534-bed hospital must go through the stater regulatory approval process again to move to 280.
Irondale’se Morris said the city has $3 million in its general reserve He said Irondale will meet with underwriters late next week to attemptf to developa “reasonable plan to unwinfd the bonds.” Following those meetings, Morris said the city will furthe r explore mediation with Trinity. Attempts to reach Raymond Jamex and Irondale bondinsurer Ltd. were unsuccessful. formerly known as , was the insurer of Jeffersob County’s sewer bonds. Trinity and Irondale held a mediationn meeting in June withoutr resolvingthe matter. Trinitt said it continues to have discussions with Irondalee and its offer remains on the inan e-mailed statement.
Irondale’s reserve accounft is flush now thanks to ad valorenm taxes and business license fees collected in Januaruand February, Morris However, those reserve funds are relied on to pay for services througbh the rest of the year. Morris said Irondalew issued bonds to prepare the Grants Mill site for a new hospitapl and the area for anticipatedretail growth. Irondaler cannot sell the land to another party because it agreed toa five-yeafr lease when it bought the property from the The city anticipated paying the $6 million bond throughy taxes generated during the construction phases of the new It expected to pay the $19 millionm bond from tax revenue generated from retail, restaurant and lodgint establishments that were being courteed to the area near the Grants Mill
Saturday, November 24, 2012
What they're saying about Colorado's revenue shortfall - Denver Business Journal:
ogarawo.wordpress.com
Here’s a roundup of what politicak leaders in the state are saying about therevenue shortfall. (Share a comment to tell us whatyou “For 2009-10, we will be takinbg immediate steps to determine the exact amounty of the shortfall, and then crafting a plan to closed that shortfall. I will be meetinb with the [Legislature’s Joint Budget Committee], legislative leader s and my budget staff in the cominvg days to put together that balancing I will also be asking my department heads to continuw running state government as conservatively and responsiblyas possible. This meand holding the line on spending, hiring and ...
“What today’s numbers show is that our fiscal challengezs havenot ended. But by working together we will continu finding solutions that keep leading Colorado forward and position us for astrongg recovery.” — Colorado Gov. Bill “What the state needs now is and that means a stop to spending monewe don’t have, right now. “Thi s governor has been consistently wrong in his approach to thestates budget: He’s tried hope, he’s tried delaya and he’s tried gimmicks. He’s failef with all three We need responsible budgetaction now, because everyh day of inaction meanes fewer options and tougher choices in the future.
” — Houswe Minority Leader Mike May, R-Parker. “The numberx are bleak but these are not the numbers Iagonize It’s the nearly 47,000 Coloradans who are out of the 17,000 children who lost accese to health clinics, the middle-class college kid who can no longedr pay the ever-increasing tuition bill these are the numbers I’m focused on. Whiler tough times don’t last, toughn people do. We’ll lead the stat through this recession and move forward to abrightedr future.” — Senate Presidenf Brandon Shaffer, D-Longmont. “We all know that these are tougu times.
The economy continues to strugglew and families continue to tighten their We in state government will continue to tighten ourbelts too, and we will continu to make progress toward bolstering our economy.” — House Speaker Terrance D-Denver.
Here’s a roundup of what politicak leaders in the state are saying about therevenue shortfall. (Share a comment to tell us whatyou “For 2009-10, we will be takinbg immediate steps to determine the exact amounty of the shortfall, and then crafting a plan to closed that shortfall. I will be meetinb with the [Legislature’s Joint Budget Committee], legislative leader s and my budget staff in the cominvg days to put together that balancing I will also be asking my department heads to continuw running state government as conservatively and responsiblyas possible. This meand holding the line on spending, hiring and ...
“What today’s numbers show is that our fiscal challengezs havenot ended. But by working together we will continu finding solutions that keep leading Colorado forward and position us for astrongg recovery.” — Colorado Gov. Bill “What the state needs now is and that means a stop to spending monewe don’t have, right now. “Thi s governor has been consistently wrong in his approach to thestates budget: He’s tried hope, he’s tried delaya and he’s tried gimmicks. He’s failef with all three We need responsible budgetaction now, because everyh day of inaction meanes fewer options and tougher choices in the future.
” — Houswe Minority Leader Mike May, R-Parker. “The numberx are bleak but these are not the numbers Iagonize It’s the nearly 47,000 Coloradans who are out of the 17,000 children who lost accese to health clinics, the middle-class college kid who can no longedr pay the ever-increasing tuition bill these are the numbers I’m focused on. Whiler tough times don’t last, toughn people do. We’ll lead the stat through this recession and move forward to abrightedr future.” — Senate Presidenf Brandon Shaffer, D-Longmont. “We all know that these are tougu times.
The economy continues to strugglew and families continue to tighten their We in state government will continue to tighten ourbelts too, and we will continu to make progress toward bolstering our economy.” — House Speaker Terrance D-Denver.
Friday, November 23, 2012
Koramangala is the best market to test products: Chinmoy Mishra, AllizHealth.com - Economic Times
ogarawo.wordpress.com
Koramangala is the best market to test products: Chinmoy Mishra, AllizHealth.com Economic Times Rashi Varshney speaks to Chinmoy Mishra, who forayed into the online segment of this sector. His venture AllizHealth.com is trying to move away from traditional mode of healthcare towards technology. He sees Koramangala as a perfect place to test start ... |
Thursday, November 22, 2012
GTx drug meeting goals in clinical trial - Memphis Business Journal:
bertayfybuqutyp.blogspot.com
The 16-week trial gave 159 cancer patientd at 35 sites inthe U.S. and Argentina eithe r one or three milligram dosesof Ostraine, a selective androge n receptor modulator. The results show the one milligram dose gave patients 0.2 pounds of lean body The three milligram dose increased muscle mass by 2.9 and 3.3 "Approximately half of all cancere patients suffer from the devastating effects of cancef induced muscle loss,” Adrian an investigator in the clinical trial and professor of medicine and oncology at , said in a “Increasing lean body mass may improve quality of life and even their responser to cancer treatment.
” GTx (Nasdaq: GTXI) and MRK) are collaborating to develop Ostrainew as part of a broader programk for SARMs, a new classw of drugs with the potential to treaf musculoskeletal conditions. Shares of Memphis-based GTx, a specialty pharmaceutical company, closed 32 centsw higher Thursdayto $9.30 per share, up 3.44 percenf for the day.
The 16-week trial gave 159 cancer patientd at 35 sites inthe U.S. and Argentina eithe r one or three milligram dosesof Ostraine, a selective androge n receptor modulator. The results show the one milligram dose gave patients 0.2 pounds of lean body The three milligram dose increased muscle mass by 2.9 and 3.3 "Approximately half of all cancere patients suffer from the devastating effects of cancef induced muscle loss,” Adrian an investigator in the clinical trial and professor of medicine and oncology at , said in a “Increasing lean body mass may improve quality of life and even their responser to cancer treatment.
” GTx (Nasdaq: GTXI) and MRK) are collaborating to develop Ostrainew as part of a broader programk for SARMs, a new classw of drugs with the potential to treaf musculoskeletal conditions. Shares of Memphis-based GTx, a specialty pharmaceutical company, closed 32 centsw higher Thursdayto $9.30 per share, up 3.44 percenf for the day.
Tuesday, November 20, 2012
A few showers today, wetter weather on tap this weekend - KOIN Local 6
ogarawo.wordpress.com
KOIN Local 6 | A few showers today, wetter weather on tap this weekend KOIN Local 6 Happy Friday! After a one day break from the clouds, they're back! Friday will be a mostly cloudy day. We could see a light passing shower from time to time. The chance of a shower increases this evening, so bring an umbrella if you're headed to the ... |
Saturday, November 17, 2012
Yahoo! confirms WNY site - Denver Business Journal:
ibitasony.wordpress.com
Yahoo!, Tuesday morning, confirmed it will be buildin gthe 190,000-square-foot center that could initially, 125 people. Yahoo! has pegged a 30-acrwe site in the park for the complex. Yahoo!’e decision is considered a major especially against a backdrop of a weakened economy where unemploymentf has increased in past year in Erie Countyto 8.1 percent from 5.5 percentg and in Niagara County to 9.3 percent from 6.6 “This is a big win for the said Tom Kucharski, president and chief executive “We won the day.” Yahoo! was beinhg courted by several states including Ohio, Pennsylvaniaz and Illinois for the center. All offered a handsome arrat of incentives.
“When a high tech company like Yahoo!! picks a community like WesternNew it’s like a lighthouse,” said Sen. Charles Schumer, New York’se senior senator, who played a key role in Lockport landinh thedata center. The region crafted its own aggressive incentivwe package including the offering 15 megawattsof low-cost hydropower that couldc save Yahoo! an estimated $100 million over a 15-yead period. also offered job training grants and other incentives. High level pitches also came from Gov. Davi Paterson and Schumer. Schumer made personal calls to Yahoo! CEO Carol Bartaz to push the region.
Kucharski said it also helped that the regionb offereda half-dozen sites and not just a singulatr location. It also helped that a friendship quickly developede betweenthe Yahoo! site selection team and the local economi development community. “We developed a nice relationship with them and that helpesd makethis happen,” Kucharski “They were impressed that every time they called, we couldf assemble our team on a very short notice and give them the answerw they wanted.” Construction on the data center will begin in August, said David Dibble, Yahoo! senior vice The center will be open by May. Kucharskiu said there is a myriad positives that will comefrom Yahoo!
’s decision. The BNE will use it in its outreachh to other companies it is he said. “It confirms our ability to attracty high tech and high profile Kucharski said. “To get a name compan like Yahoo! says a lot to the rest of the industriedout there.” Yahoo! joins the ranks of , that have eithef opened or expanded back office operations in the regiob in recent years. “You add it into the mix of the some of the othefrcompanies we’ve landed and it becomes a very impressive Kucharski said.
Yahoo!, Tuesday morning, confirmed it will be buildin gthe 190,000-square-foot center that could initially, 125 people. Yahoo! has pegged a 30-acrwe site in the park for the complex. Yahoo!’e decision is considered a major especially against a backdrop of a weakened economy where unemploymentf has increased in past year in Erie Countyto 8.1 percent from 5.5 percentg and in Niagara County to 9.3 percent from 6.6 “This is a big win for the said Tom Kucharski, president and chief executive “We won the day.” Yahoo! was beinhg courted by several states including Ohio, Pennsylvaniaz and Illinois for the center. All offered a handsome arrat of incentives.
“When a high tech company like Yahoo!! picks a community like WesternNew it’s like a lighthouse,” said Sen. Charles Schumer, New York’se senior senator, who played a key role in Lockport landinh thedata center. The region crafted its own aggressive incentivwe package including the offering 15 megawattsof low-cost hydropower that couldc save Yahoo! an estimated $100 million over a 15-yead period. also offered job training grants and other incentives. High level pitches also came from Gov. Davi Paterson and Schumer. Schumer made personal calls to Yahoo! CEO Carol Bartaz to push the region.
Kucharski said it also helped that the regionb offereda half-dozen sites and not just a singulatr location. It also helped that a friendship quickly developede betweenthe Yahoo! site selection team and the local economi development community. “We developed a nice relationship with them and that helpesd makethis happen,” Kucharski “They were impressed that every time they called, we couldf assemble our team on a very short notice and give them the answerw they wanted.” Construction on the data center will begin in August, said David Dibble, Yahoo! senior vice The center will be open by May. Kucharskiu said there is a myriad positives that will comefrom Yahoo!
’s decision. The BNE will use it in its outreachh to other companies it is he said. “It confirms our ability to attracty high tech and high profile Kucharski said. “To get a name compan like Yahoo! says a lot to the rest of the industriedout there.” Yahoo! joins the ranks of , that have eithef opened or expanded back office operations in the regiob in recent years. “You add it into the mix of the some of the othefrcompanies we’ve landed and it becomes a very impressive Kucharski said.
Friday, November 16, 2012
Tire Kingdom banking on incentives to stay in Palm Beach County - Puget Sound Business Journal (Seattle):
zvonkovaleoqim.blogspot.com
has 345 employees at its U.S. headquartere in Palm Beach Gardens. The job growth incentive proposal woulf give thecompany $40,000 in countgy funds for keeping those jobs and adding and maintaining 50 Those positions would pay an average annual salary of $62,500, excluding benefits. The measure now headd to the state, which could award TBC Corp. an additional $160,00p to meet those goals. The expansionb also is contingent ona $50,000 grant from the City of Palm Beach Gardens. The city will consider the requesron Thursday. Charlie Zacharias, TBC Corp.
’sz senior vice president of real estateand logistics, said the companuy would wait until it hears back from Florida on the offer before deciding whether to expand here or in othe states. TBC Corp. also has offices in Tenn.; near Denver; outside of Philadelphia and near Atlanta that couldf host itsexpanded headquarters. “The other states are offering incentives,” Zachariase said. “We are waitiny to see what the consolidatecd packages are before we make a Palm Beach County hassome advantages, including the fact that TBC Corp.’xs workforce already is based here, he However, the other citiesx have a cheaper cost of living, and recruitingv is easier.
The incentive deal coulsd mean the difference betweeh keepingTBC Corp. there and losint it to another state, said Kelly president of the , whic helped arrange the deal. Her office estimates the deal woulde havea $10.6 million economic impact. “Thixs is exactly the type of operatiobn we havebeen after,” Smallridge said. “We are really exciter about landing this corporate headquarters and addinhg it to ourimpressive portfolio.” If TBC Corp. chooses to expane in Palm Beach County, it woulx increase its total office space therrfrom 60,000 square feet in four buildings to 80,0009 square feet in two buildings, Zacharias said.
It would stay in its Juno Beachb office and look foranother 30,000-plus squarer feet, he said. TBC Corp. is a subsidiary of Japan-based Accordinv to its Web site, TBC has its private brands officein Memphis, Tenn.; its office in Centennial, and its Treadways office in Pa. Tire Kingdom has more than 600 storesand 7,000 employees. It also operatese under the names Merchant’s Tire and Auto Centerse and (NTB).
Big O Tires is a franchiser with more than 500 Its subsidiary operates 38 warehouses that distribute tires to morethan 10,000 The private brands division of TBC manufactures tires under the names Multi-Mile, Cordovan, Sigma and
has 345 employees at its U.S. headquartere in Palm Beach Gardens. The job growth incentive proposal woulf give thecompany $40,000 in countgy funds for keeping those jobs and adding and maintaining 50 Those positions would pay an average annual salary of $62,500, excluding benefits. The measure now headd to the state, which could award TBC Corp. an additional $160,00p to meet those goals. The expansionb also is contingent ona $50,000 grant from the City of Palm Beach Gardens. The city will consider the requesron Thursday. Charlie Zacharias, TBC Corp.
’sz senior vice president of real estateand logistics, said the companuy would wait until it hears back from Florida on the offer before deciding whether to expand here or in othe states. TBC Corp. also has offices in Tenn.; near Denver; outside of Philadelphia and near Atlanta that couldf host itsexpanded headquarters. “The other states are offering incentives,” Zachariase said. “We are waitiny to see what the consolidatecd packages are before we make a Palm Beach County hassome advantages, including the fact that TBC Corp.’xs workforce already is based here, he However, the other citiesx have a cheaper cost of living, and recruitingv is easier.
The incentive deal coulsd mean the difference betweeh keepingTBC Corp. there and losint it to another state, said Kelly president of the , whic helped arrange the deal. Her office estimates the deal woulde havea $10.6 million economic impact. “Thixs is exactly the type of operatiobn we havebeen after,” Smallridge said. “We are really exciter about landing this corporate headquarters and addinhg it to ourimpressive portfolio.” If TBC Corp. chooses to expane in Palm Beach County, it woulx increase its total office space therrfrom 60,000 square feet in four buildings to 80,0009 square feet in two buildings, Zacharias said.
It would stay in its Juno Beachb office and look foranother 30,000-plus squarer feet, he said. TBC Corp. is a subsidiary of Japan-based Accordinv to its Web site, TBC has its private brands officein Memphis, Tenn.; its office in Centennial, and its Treadways office in Pa. Tire Kingdom has more than 600 storesand 7,000 employees. It also operatese under the names Merchant’s Tire and Auto Centerse and (NTB).
Big O Tires is a franchiser with more than 500 Its subsidiary operates 38 warehouses that distribute tires to morethan 10,000 The private brands division of TBC manufactures tires under the names Multi-Mile, Cordovan, Sigma and
Thursday, November 15, 2012
Tuesday, November 13, 2012
Two more leave BofA board - San Francisco Business Times:
burdukovahycel.blogspot.com
According to a filing with the Securities andExchanger Commission, Prueher and Frank didn’t resign because of any disagreement with the Jackie Ward and Patricia Mitchell resignesd early this month. Mitchell is a formerr New York television executive and currently serves as chiefc executive of the Paley Centerfor Media, a New York Ward is the retired chief executivew of Atlanta-based Computer Generation Inc., a softwarer company. Robert Tillman, a former Lowe’s Cos. Inc. chief executive, resigned from the BofA boardc effectiveMay 29. And on May 29, the bank announceds former lead independentdirector O. Templde Sloan had left the board.
BofA didn’t discloses Sloan’s reason for resignation. Sloa had been a BofA director for 13 Inearly June, four outsidw directors were elected to BofA’s They are former Federal Reserve Governor Susan Bies, formed Compass Bancshares Inc. chief executive and chairman D. Paul former Federal Deposit Insurance chairman Donald Powell and retired BankOne Corp. and Visa International Inc. executive William Boardman. BofA’s board has been under intense scrutiny in recent months as the bank sufferexd through asharp stock-price decline afted acquiring Merrill Lynch & Co. The Charlotte-based bank also has received $45 billion in taxpayer aid.
At the bank’es annual meeting in late April, shareholders votes to strip Chief Executivse Kenneth Lewis of his position as board Walter Massey was installed as the new chairman and has indicatedr the board needs to be Lewis remainsthe bank’s CEO and president.
According to a filing with the Securities andExchanger Commission, Prueher and Frank didn’t resign because of any disagreement with the Jackie Ward and Patricia Mitchell resignesd early this month. Mitchell is a formerr New York television executive and currently serves as chiefc executive of the Paley Centerfor Media, a New York Ward is the retired chief executivew of Atlanta-based Computer Generation Inc., a softwarer company. Robert Tillman, a former Lowe’s Cos. Inc. chief executive, resigned from the BofA boardc effectiveMay 29. And on May 29, the bank announceds former lead independentdirector O. Templde Sloan had left the board.
BofA didn’t discloses Sloan’s reason for resignation. Sloa had been a BofA director for 13 Inearly June, four outsidw directors were elected to BofA’s They are former Federal Reserve Governor Susan Bies, formed Compass Bancshares Inc. chief executive and chairman D. Paul former Federal Deposit Insurance chairman Donald Powell and retired BankOne Corp. and Visa International Inc. executive William Boardman. BofA’s board has been under intense scrutiny in recent months as the bank sufferexd through asharp stock-price decline afted acquiring Merrill Lynch & Co. The Charlotte-based bank also has received $45 billion in taxpayer aid.
At the bank’es annual meeting in late April, shareholders votes to strip Chief Executivse Kenneth Lewis of his position as board Walter Massey was installed as the new chairman and has indicatedr the board needs to be Lewis remainsthe bank’s CEO and president.
Monday, November 12, 2012
Singular Success: China's Billion-Dollar Hallmark Holiday - Wall Street Journal (blog)
guronelogoh.blogspot.com
Wall Street Journal (blog) | Singular Success: China's Billion-Dollar Hallmark Holiday Wall Street Journal (blog) The push as Chinese companies discover the potential sales to be made in corporate commemorations, otherwise known to Western greeting-card buyers as “Hallmark holidays†after the card maker. Qunar.com, a Beijing-based travel site, launched a .. . |
Sunday, November 11, 2012
Taking Youths Off the Streets - the Katsina Experience - AllAfrica.com
esivyjifag.wordpress.com
Taking Youths Off the Streets - the Katsina Experience AllAfrica.com Nigeria: Taking Youths Off the Streets - the Katsina Experience. 8 November 2012. Stanley Nkwazema writes that with an innovative Youth Craft village, the youths of Katsina State may have found a way out of loitering the streets, begging for arms or ... |
Friday, November 9, 2012
Insurance commissioner rejects pay increase for Citizens insurance CEO - NOLA.com
tarpleypymibujuh1491.blogspot.com
Insurance commissioner rejects pay increase for Citizens insurance CEO NOLA.com BATON ROUGE -- Louisiana Insurance Commissioner Jim Donelon will reject a $50,000 pay increase for Citizens Property Insurance Corp. CEO Richard Robert that was authorized by the board of the state-run insurer of last resort on Thursday. Though ... |
Thursday, November 8, 2012
Akebia names Howes CFO - Business Courier of Cincinnati:
uraa-quartely.blogspot.com
Howes, who also will serve as vice presideny forcorporate development, joins Akebia from Serenex. At that he was chief financial officeer and senior vice president forcorporatw development. “We are extremelyu pleased to have Ianjoin Akebia. He bringse a wealth of senior level financiao and corporate development experiencs and leadership tothe company,” Dr. Josepgh Gardner, CEO of Akebia, said in a presw release. “We have a number of very exciting program s under wayand Ian’s experience in capital management, corporate developmentg and operations will be essential in helpint the company successfully move into our next phasr of value creation.” At N.C.
-based Serenex, Howes helped generate $75 million in privatd equity and debt capital and managex the sale of the company to Pfizer. Before that, he was chief financial officer atParadigm “Akebia is expecting important near-term milestones including moving its first producrt into the clinic for anemiz and preparing to publish groundbreaking preclinical results for an additionalp program, making this a particularl y exciting time to join the company,” Howes said in the The Blue Ash-based company was formed in 2007 with programsz and assets licensed from when the consumedr goods maker turned its focus away from in-house drug Cincinnati-based was one of the original
Howes, who also will serve as vice presideny forcorporate development, joins Akebia from Serenex. At that he was chief financial officeer and senior vice president forcorporatw development. “We are extremelyu pleased to have Ianjoin Akebia. He bringse a wealth of senior level financiao and corporate development experiencs and leadership tothe company,” Dr. Josepgh Gardner, CEO of Akebia, said in a presw release. “We have a number of very exciting program s under wayand Ian’s experience in capital management, corporate developmentg and operations will be essential in helpint the company successfully move into our next phasr of value creation.” At N.C.
-based Serenex, Howes helped generate $75 million in privatd equity and debt capital and managex the sale of the company to Pfizer. Before that, he was chief financial officer atParadigm “Akebia is expecting important near-term milestones including moving its first producrt into the clinic for anemiz and preparing to publish groundbreaking preclinical results for an additionalp program, making this a particularl y exciting time to join the company,” Howes said in the The Blue Ash-based company was formed in 2007 with programsz and assets licensed from when the consumedr goods maker turned its focus away from in-house drug Cincinnati-based was one of the original
Tuesday, November 6, 2012
Week in review - South Florida Business Journal:
ogarawo.wordpress.com
Equity One (NYSE: EQY) said Jeffret Olson will join it Jan. 1, and will startg terms as its CEO and presidentrin April. Katzman has been chairman and CEO at Equith One since the company Hewas also, until November company president. Olson is currentluy president of the eastern and western shoppingy center regions of Kimco Realty Corp. (NYSE: KIM), a shopping cente r development andmanagement firm. He joined the company four years ago. Doronj Valero, Equity One's current president and COO, has givejn notice that he does not intend to renea his employment agreement withthe company, Equity One Valero is to stay through year-end to facilitated the transition.
Valero praised his 13 years atEquity One, but said it is time for him to pursure other business interests. American Venturesd Realty Investors said it has sold its officwe tower in Coral Gables forabout $60 The real estate investment manager said its sale to RREEFv was for $272 a square foot. The 220,000-square-foott property, at 255 Alhambra had been part of American investment portfoliosince 1994. Since 2004, American Ventures had owned the property in a joint ventureswith , a global investment Tenants at the 91-percent-leased Coraol Gables office tower include , and . A new weeklu shipping service from the Far East tothe U.S.
East Coastt has arrived at the Port of The CKYH Alliance is composed of YangMing Line, and "K" the European subsidiary of global Japanese shippinbg and logistics company . The stevedore is APM Flagler/ said its Codinza Realty Services arm has accomplisheddtwo leases, both to logistics totaling 227,586 square feet at Beacon Lakes Busineszs Park. The newest warehouse both to take occupanc y earlynext year, at the 436-acr e commercial development the Airport West submarket are , which leaseed 192,426 square feet (Building 10), and Freight which leased 35,160 squarer feet in an existing multi-tenant building (Building 6).
said it has addee two clients - Chamarré Wineds and the Food Network South BeacbWine & Food Festival. HRMC is to developp and implement a national marketing and publivc relations branding campaignfor Chamarré Wines and manage and coordinate marketinh activities for the festival, to be held Feb. 25-27, in said it has signed a deal to open a hotel and schoolin Panama, the first time the companty has developed an educational facility. The Miami-based hote l group (NYSE: IHG) proposed a 110-room hote at the City of Knowledge, an international complecx for education, research and innovation, with Empresas Bern, a Panamaniamn real estate company.
The Miami Parking Authority board of directors has namede Jami Reyes its chairwoman to replaceOscar Rivero. Reyes has servedx on the MPA boardsinc 2003. She is also a partnerr at Miami marketing and public affairx consulting firm GordonReyes & Co. Michaelo J. Higer, David H. Lichter and Jacon J. Givner have formed a law firm - , in The firm's address is 2999 N.E. 191st St., Suite 700, and the phone numbe is (305) 933-9970. Miami-based Royal Caribbean International said the hull is complete on its Libertu ofthe Seas, under constructiobn at Aker Yards in Finland.
The ship has been floate from dry dock to wet dock for the final month s of finishing work leading to its May2007 Miami-based (AMEX: TWW) said (AMEX: EAG), a broadband, Internet protocoo and communications technology firm, has signecd a multi-year renewable collocation agreement to delivert Internet protocol television nationwide from Terremark'sw NAP of the Americas in downtown Miami. The Internetg infrastructure and services firmsaid Eagle's IPTV servicesw include direct access to more than 200 entertainmenft channels. has opened a branch in Miami'ws Dadeland area. The newest office for the Miami-basecd bank is at 8211 S. Dixie Highway.
Organizersa said they are expecting hundreds ofgaming industry, Indiabn country, politics, tourism and law personnekl to converge, Oct. 16-17, for the Summit at the & Sessions are to includew an Indiangaming update, regional gaminv overview and looks at how gaminy impacts tourism and politics. said it has sold sharez to an investment firm and made its managing partnef thenew chairman. The Deerfield Beach-basedr online diet, health and fitness firm said itsold 297,03 0 primary shares to , while its founder and David R. Humble, sold the investor 4.3 million. Humble then resigned from the eDiets (NASDAQ: DIET) board, so Kevihn A.
Richardson II, Prides Capital managing partner, couled take over the chairman job. said it is expanding its winter service to Fort Lauderdals and otherFlorida locations. The new flightsa include nonstop service between Fort Lauderdaldand Detroit, effective Nov. 15. said it will startg direct service from Fort Lauderdale toLas Nov. 15. Spirit already offers connecting service to Las Vegas from Fort Lauderdalee via itsDetroit hub. buys The said it is sellint its Weiss Ratings subsidiarhy to financial publishingcompany TheStreet.com. In the next month, the Jupiter-basede ratings service is to shed its name and takeon TheStreet.comj moniker.
Employees are to continuwe to work out of WeissRatings offices, but are to be paid by TheStreet.com. Foundef in 1988, Weiss Ratings providews independent ratings and analysis on morethan 16,00 0 mutual funds and more than 6,000 stocks. Two Palm Beac h County companies are to add 50 jobs Aerospace and mechanical engineeringy firm is to up employmentf at itsJupiter facility. To facilitate the hiring, Parametrixc is to receive a $74,813 state trainingv grant. The Business Development Board of Palm Beacb County said it helped facilitate the granand expansion. The positions, with average annuall salaries ofabout $64,000, are to come duringh the next two years.
The seconcd expansion is Venture Marine in West Palm That company is to receivea $75,000 grant and is to expand into a larger facility in Riviers Beach. Venture Marine builds high-end custom sport-fishingv boats. The grant came from Palm Beach County's Developmeny Regions Grant Program, which is designed to stimulatr economic development inblighted areas. , a commerciakl real estate firm based inFort Lauderdale, said BBCB LLC, the 20-year-oldx law firm of Edgar Benes specializing in real estate has purchased a 2,560-square-foot office condominium at 2300 N.W. Corporate Blvd., in Boca for its corporate headquarters.
Ten staff memberas are to relocate to the new which was previously the corporate headquartersof . Boca Raton-baser , has disclosed two five-year leasexs at its 72,583-square-foot Admiral's Crossing shoppint center at Military Trail and Frederick Small Road in The firm saidJimmy John'ds Sandwiches & Subs has signed for 1,600 square feet and JR Jewelp has signed for 1,200 square has bought computer and storagw systems from Mountain View, Calif.-based . The technologh is to establish FAU's Center for High Performanced Computing at its BocaRaton Campus. has opened a 7.4-acrd campus in Palm Beacy Gardens. The $22 million expansionn triples the size of aformedr facility.
said it will buy the 155-room Rockville in Maryland fromfor $23.3 The Palm Beach-based hotel REIT KPA) said the property, now undefr construction, is expected to open in October. The deal works out to $150,00p per key and is expecteed to close by the fourth has named presidents for Broward Countyu and PalmBeach County. The Birmingham, Ala.-based bank said Gerr y Litrento will lead Broward County and Val Perexz will lead Palm Beach Litrento joined Regions in 2003 and has beenmanaging Broward/Palm Beach commercial banking portfolio. Before that, he was a commerciakl market executivefor . Perez joined Regions' Miami-Dade groul in 2001 to head retail banking.
He was most recentlh president for Regions Bank insouthwest Florida. His bankiny career spans more than 20 years with Bank of America andNorthernj Trust. Some insurance companies many be pulling out of but iscoming in. Companu officials said they will offer personal lineds of insurance from homeowners to automobilethroug Agency, a subsidiary of Coldwell Banker'se parent company. Coldwell Banker began offering theinsurancw coverage, Aug. 1. The agency is to have six employeews in Florida supported by marketing and telephone representatives atthe company'as Waltham, Mass., headquarters. has expanded into Miami-Dade opening a branch in Aventura.
The 2,000-square-fooft banking center is at 19058 N.E. 29th Ave. The bank has more than $250 millionb in assets in Broward County from its downtown Fort Lauderdale and CoralpRidge offices. North Miam i Beach landscape architecture firm said it will design landscaping, exterior lighting and irrigation systems for Hilton Airport to be at 7370 N.W. 36th St., Miami. The 7.3-acr site is being developed by , of Boca Raton. Architecture is to be by Martimn A.D. Yabor & Associates, of The plaza is to include a , a Homewooe Suites by Hilton and Carabassand Roy's restaurants. Groundbreakint is tentatively scheduled for late fall orearlyt 2007. Completion is slated for early 2008.
Cushman Wakefield said it has negotiatedan 18,500-square-foog lease for Fowler White Boggs Banker at Heritage in Fort Myers. The law firm has more than 230 attorneyzs in10 offices, including locations in West Palm Beach and Boca The landlord for the newest three-story, 20,500-square-footg office at 2235 First St. is Heritag e Square Land Trust. The founderd and chairman of Fort Lauderdale-based Zimmerman and Partnersw Advertising has given his almamatere $1 million, the largest donation in the history of the mass communicationse program at the University of South Florida. The from and his Denise, is to allow the university to securrea $750,000 match from the state.
The gift is to supportr the Zimmerman Advertising Program in the School of Mass a set of undergraduate advertising andmarketing
Equity One (NYSE: EQY) said Jeffret Olson will join it Jan. 1, and will startg terms as its CEO and presidentrin April. Katzman has been chairman and CEO at Equith One since the company Hewas also, until November company president. Olson is currentluy president of the eastern and western shoppingy center regions of Kimco Realty Corp. (NYSE: KIM), a shopping cente r development andmanagement firm. He joined the company four years ago. Doronj Valero, Equity One's current president and COO, has givejn notice that he does not intend to renea his employment agreement withthe company, Equity One Valero is to stay through year-end to facilitated the transition.
Valero praised his 13 years atEquity One, but said it is time for him to pursure other business interests. American Venturesd Realty Investors said it has sold its officwe tower in Coral Gables forabout $60 The real estate investment manager said its sale to RREEFv was for $272 a square foot. The 220,000-square-foott property, at 255 Alhambra had been part of American investment portfoliosince 1994. Since 2004, American Ventures had owned the property in a joint ventureswith , a global investment Tenants at the 91-percent-leased Coraol Gables office tower include , and . A new weeklu shipping service from the Far East tothe U.S.
East Coastt has arrived at the Port of The CKYH Alliance is composed of YangMing Line, and "K" the European subsidiary of global Japanese shippinbg and logistics company . The stevedore is APM Flagler/ said its Codinza Realty Services arm has accomplisheddtwo leases, both to logistics totaling 227,586 square feet at Beacon Lakes Busineszs Park. The newest warehouse both to take occupanc y earlynext year, at the 436-acr e commercial development the Airport West submarket are , which leaseed 192,426 square feet (Building 10), and Freight which leased 35,160 squarer feet in an existing multi-tenant building (Building 6).
said it has addee two clients - Chamarré Wineds and the Food Network South BeacbWine & Food Festival. HRMC is to developp and implement a national marketing and publivc relations branding campaignfor Chamarré Wines and manage and coordinate marketinh activities for the festival, to be held Feb. 25-27, in said it has signed a deal to open a hotel and schoolin Panama, the first time the companty has developed an educational facility. The Miami-based hote l group (NYSE: IHG) proposed a 110-room hote at the City of Knowledge, an international complecx for education, research and innovation, with Empresas Bern, a Panamaniamn real estate company.
The Miami Parking Authority board of directors has namede Jami Reyes its chairwoman to replaceOscar Rivero. Reyes has servedx on the MPA boardsinc 2003. She is also a partnerr at Miami marketing and public affairx consulting firm GordonReyes & Co. Michaelo J. Higer, David H. Lichter and Jacon J. Givner have formed a law firm - , in The firm's address is 2999 N.E. 191st St., Suite 700, and the phone numbe is (305) 933-9970. Miami-based Royal Caribbean International said the hull is complete on its Libertu ofthe Seas, under constructiobn at Aker Yards in Finland.
The ship has been floate from dry dock to wet dock for the final month s of finishing work leading to its May2007 Miami-based (AMEX: TWW) said (AMEX: EAG), a broadband, Internet protocoo and communications technology firm, has signecd a multi-year renewable collocation agreement to delivert Internet protocol television nationwide from Terremark'sw NAP of the Americas in downtown Miami. The Internetg infrastructure and services firmsaid Eagle's IPTV servicesw include direct access to more than 200 entertainmenft channels. has opened a branch in Miami'ws Dadeland area. The newest office for the Miami-basecd bank is at 8211 S. Dixie Highway.
Organizersa said they are expecting hundreds ofgaming industry, Indiabn country, politics, tourism and law personnekl to converge, Oct. 16-17, for the Summit at the & Sessions are to includew an Indiangaming update, regional gaminv overview and looks at how gaminy impacts tourism and politics. said it has sold sharez to an investment firm and made its managing partnef thenew chairman. The Deerfield Beach-basedr online diet, health and fitness firm said itsold 297,03 0 primary shares to , while its founder and David R. Humble, sold the investor 4.3 million. Humble then resigned from the eDiets (NASDAQ: DIET) board, so Kevihn A.
Richardson II, Prides Capital managing partner, couled take over the chairman job. said it is expanding its winter service to Fort Lauderdals and otherFlorida locations. The new flightsa include nonstop service between Fort Lauderdaldand Detroit, effective Nov. 15. said it will startg direct service from Fort Lauderdale toLas Nov. 15. Spirit already offers connecting service to Las Vegas from Fort Lauderdalee via itsDetroit hub. buys The said it is sellint its Weiss Ratings subsidiarhy to financial publishingcompany TheStreet.com. In the next month, the Jupiter-basede ratings service is to shed its name and takeon TheStreet.comj moniker.
Employees are to continuwe to work out of WeissRatings offices, but are to be paid by TheStreet.com. Foundef in 1988, Weiss Ratings providews independent ratings and analysis on morethan 16,00 0 mutual funds and more than 6,000 stocks. Two Palm Beac h County companies are to add 50 jobs Aerospace and mechanical engineeringy firm is to up employmentf at itsJupiter facility. To facilitate the hiring, Parametrixc is to receive a $74,813 state trainingv grant. The Business Development Board of Palm Beacb County said it helped facilitate the granand expansion. The positions, with average annuall salaries ofabout $64,000, are to come duringh the next two years.
The seconcd expansion is Venture Marine in West Palm That company is to receivea $75,000 grant and is to expand into a larger facility in Riviers Beach. Venture Marine builds high-end custom sport-fishingv boats. The grant came from Palm Beach County's Developmeny Regions Grant Program, which is designed to stimulatr economic development inblighted areas. , a commerciakl real estate firm based inFort Lauderdale, said BBCB LLC, the 20-year-oldx law firm of Edgar Benes specializing in real estate has purchased a 2,560-square-foot office condominium at 2300 N.W. Corporate Blvd., in Boca for its corporate headquarters.
Ten staff memberas are to relocate to the new which was previously the corporate headquartersof . Boca Raton-baser , has disclosed two five-year leasexs at its 72,583-square-foot Admiral's Crossing shoppint center at Military Trail and Frederick Small Road in The firm saidJimmy John'ds Sandwiches & Subs has signed for 1,600 square feet and JR Jewelp has signed for 1,200 square has bought computer and storagw systems from Mountain View, Calif.-based . The technologh is to establish FAU's Center for High Performanced Computing at its BocaRaton Campus. has opened a 7.4-acrd campus in Palm Beacy Gardens. The $22 million expansionn triples the size of aformedr facility.
said it will buy the 155-room Rockville in Maryland fromfor $23.3 The Palm Beach-based hotel REIT KPA) said the property, now undefr construction, is expected to open in October. The deal works out to $150,00p per key and is expecteed to close by the fourth has named presidents for Broward Countyu and PalmBeach County. The Birmingham, Ala.-based bank said Gerr y Litrento will lead Broward County and Val Perexz will lead Palm Beach Litrento joined Regions in 2003 and has beenmanaging Broward/Palm Beach commercial banking portfolio. Before that, he was a commerciakl market executivefor . Perez joined Regions' Miami-Dade groul in 2001 to head retail banking.
He was most recentlh president for Regions Bank insouthwest Florida. His bankiny career spans more than 20 years with Bank of America andNorthernj Trust. Some insurance companies many be pulling out of but iscoming in. Companu officials said they will offer personal lineds of insurance from homeowners to automobilethroug Agency, a subsidiary of Coldwell Banker'se parent company. Coldwell Banker began offering theinsurancw coverage, Aug. 1. The agency is to have six employeews in Florida supported by marketing and telephone representatives atthe company'as Waltham, Mass., headquarters. has expanded into Miami-Dade opening a branch in Aventura.
The 2,000-square-fooft banking center is at 19058 N.E. 29th Ave. The bank has more than $250 millionb in assets in Broward County from its downtown Fort Lauderdale and CoralpRidge offices. North Miam i Beach landscape architecture firm said it will design landscaping, exterior lighting and irrigation systems for Hilton Airport to be at 7370 N.W. 36th St., Miami. The 7.3-acr site is being developed by , of Boca Raton. Architecture is to be by Martimn A.D. Yabor & Associates, of The plaza is to include a , a Homewooe Suites by Hilton and Carabassand Roy's restaurants. Groundbreakint is tentatively scheduled for late fall orearlyt 2007. Completion is slated for early 2008.
Cushman Wakefield said it has negotiatedan 18,500-square-foog lease for Fowler White Boggs Banker at Heritage in Fort Myers. The law firm has more than 230 attorneyzs in10 offices, including locations in West Palm Beach and Boca The landlord for the newest three-story, 20,500-square-footg office at 2235 First St. is Heritag e Square Land Trust. The founderd and chairman of Fort Lauderdale-based Zimmerman and Partnersw Advertising has given his almamatere $1 million, the largest donation in the history of the mass communicationse program at the University of South Florida. The from and his Denise, is to allow the university to securrea $750,000 match from the state.
The gift is to supportr the Zimmerman Advertising Program in the School of Mass a set of undergraduate advertising andmarketing
Monday, November 5, 2012
MJ does GloSo; here to practice with golfing pro - Triangle Business Journal:
erofeyporgrinin.blogspot.com
A massive, 2,000-pound seahawk sculpture has been installecd in front ofHoggard Hall, facing the campus’ main entrance. The which is 10 feet tall, 6 feet long and 20 feet features thousands of copper feathers to give the sculpture arealistic look. The seahawk, designed and created by Wilmingtonm artistDumay Gorham, is a gift from Ike Belk, a formere state senator and formerr member of the whos family founded stores. The seahawk is, of course, the mascot of UNCW’x athletic teams. But such a bird doesn’tf actually exist. It’s a nickname for the Osprey, one of the mightiestr of birdsof prey.
G1 phone userxs may have North Carolina State University students to thank for some of the applicationsz ontheir phone. Beginninvg last spring, Google provided professor FrankMueller $25,0000 and five phones to study and developp new apps. “Students use it in class and work towar the nextkiller app,” Mueller says of the Last semester, students worked on one projecty to develop applications that searchu for WiFi networks, whilew another group used the phone’s GPS capabilitiex to develop a program that can identify traffic jams and long linese at stores.
Mueller says he will continue working with the phones with a new grou p of students in the fall and expectes phone application development to become a fixturw of the real time systemds programat NCSU. Construction has begun on a single-family developmenty in Chapel Hill that caters toactive adults. Chapelwood homes start at $349,9509 and require at leasg one family member to be 55 or Homes in the communitty willbe single-story structures ranging from 1,820 to 2,577 square feet. Chapelwood is on Barbede Chapel Roadoff N.C. 54, across from the Meadowmon community. It’s being developed by Cliff Zinner of and Jim Kenn y ofHagood Homes.
Mount Olive-based has relocated its Hollyh Springs restaurant from a spot in town to the Shoppees at Holly Springs on theAlford Highway. Andy’sx operates more than 100 of its 1950’s style dinersd across the state.
A massive, 2,000-pound seahawk sculpture has been installecd in front ofHoggard Hall, facing the campus’ main entrance. The which is 10 feet tall, 6 feet long and 20 feet features thousands of copper feathers to give the sculpture arealistic look. The seahawk, designed and created by Wilmingtonm artistDumay Gorham, is a gift from Ike Belk, a formere state senator and formerr member of the whos family founded stores. The seahawk is, of course, the mascot of UNCW’x athletic teams. But such a bird doesn’tf actually exist. It’s a nickname for the Osprey, one of the mightiestr of birdsof prey.
G1 phone userxs may have North Carolina State University students to thank for some of the applicationsz ontheir phone. Beginninvg last spring, Google provided professor FrankMueller $25,0000 and five phones to study and developp new apps. “Students use it in class and work towar the nextkiller app,” Mueller says of the Last semester, students worked on one projecty to develop applications that searchu for WiFi networks, whilew another group used the phone’s GPS capabilitiex to develop a program that can identify traffic jams and long linese at stores.
Mueller says he will continue working with the phones with a new grou p of students in the fall and expectes phone application development to become a fixturw of the real time systemds programat NCSU. Construction has begun on a single-family developmenty in Chapel Hill that caters toactive adults. Chapelwood homes start at $349,9509 and require at leasg one family member to be 55 or Homes in the communitty willbe single-story structures ranging from 1,820 to 2,577 square feet. Chapelwood is on Barbede Chapel Roadoff N.C. 54, across from the Meadowmon community. It’s being developed by Cliff Zinner of and Jim Kenn y ofHagood Homes.
Mount Olive-based has relocated its Hollyh Springs restaurant from a spot in town to the Shoppees at Holly Springs on theAlford Highway. Andy’sx operates more than 100 of its 1950’s style dinersd across the state.
Sunday, November 4, 2012
Andreessen, Horowitz venture fund may be good news, if you're in the right ZIP code - Birmingham Business Journal:
jaqezuweg.blogspot.com
Netscape founder Marc Andreessen and his longtime business partner, Ben Horowitz, are forming a new VC firm with a focuzs on Silicon Valley tech companies. Andreessen writes that the firm will back companie with strong technical founders who want to be the CEOs of thecompaniews they’re founding. He wouldn’t rule out companies outsidre Silicon Valley, but, “We do not think it is an acciden t that is inMountain View, Facebook is in Palo Alto, and Twitteer is in San Francisco. We also think that venturs capital is a high touch activity that lendxs itself togeographic proximity, and our only officre will be in Silicon Andreessen writes on his .
The new firm comes at a time when some are sayinyg the industry needsto shrink, not But Andreessen and Horowitz found $300 million from mostly institutionall investors for their first fund. The firm, Andreesen-Horowitz, will investt aggressively in seed-stage startups in the hundredzs of thusandsof dollars, but will also invest in later stag funding rounds for promising growtu companies. Consumer internet, cloud computing for business, mobile softwarr and services, and software-powered consumer electronics are among the aread that will draw investments from thenew “Across all of these categories, we are completelu unafraid of all of the new businesds models,” Andreessen writes.
“We believe that many vibrant new formw of information technology are expressing themselves into markets in entirelyunew ways.” And Andreessen was equallhy emphatic about where his firm wouldn’ t be . "We are almost certainlt not an appropriate investor for any of thefollowing 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movie production companies, consumer retail, electricv cars, rocket ships, space elevators. We do not have the firs t clue about any ofthese fields." Andreessen-Horowitz will have the capacity to inves anywhere from $50,000 to $50 million in new companies.
He said that at leastt initially he and Horowitz would be the only two generaol partners inthe company, and they woulc be selective about the portfolio companiee whose boards they join – generally limiting that leve of involvement to firms in which Andreessen-Horowitz have a $5 millionb or more stake. Andreessen believes his and Horowitz’s recordds as entrepreneurs will make them idealventure “We have built companies, from to high scale -- thousands of employees and hundredsx of millions of dollars of annual revenue. In we have done it And we are buildingf our firm to be the firm we woulfd want to work with asentrepreneurs ourselves,” Andreesse writes.
Andreessen founded the pioneering web browsedcompany , which was later sold to . Sincr then, he and Horowitz launcherd , a tech service provider sold toin 2007. Netscapw and Opsware sold for acombined $11.7 billion. The two have been activ e investors in the tech spacesince then. They’vwe angel invested in 45 tech startups in the last five and Andreessen serves as chairmabnof Ning, and on the boards of Faceboook and eBay. Word that the pair would be forming their own venture capital firm was broken on the Charlise Rose showin February. But detailes came on Monday.
The pair had initiallyt planned onraising $250 million for the but investor interest prompted them to boosy the amount, BusinessWeek . The news magazine report that Reid Hoffman, founder of social networkinghsite LinkedIn, is among the investorws in the fund, which raised most of its money from institutionalp investors. Andreessen-Horowitz launches at a toughj time for the venturecapital industry, one in whicy some are saying the industry needs to not grow. Venture capital, like the rest of the financial has been hit hard by the economic Venture firms make money when theit portfolio companiesgo public, or are sold to larget companies.
But the IPO market has been anemicd inrecent months, making profitable exits more difficult to A recent argues that the industry needsz to trim down to regain "The venture industry needs to shrink its way to becomin g an economic force once said Robert E. Litan, vice president of Research and Polichy at theKauffman “To provide competitive we expect venture investinv will be cut in half in comingg years. At the same time, loweringt valuations and improving overall exit multiplezs should help resuscitatethe industry.
” The Kauffmanm study finds that despite such high-profile succesa stories as Google and , venture firmws have relatively little to do with most new companies. Only abouf 16 percent of the 900 companies onthe Inc. 500 list of fastestr growing companiesfrom 1997-2007 had venture backing.
Netscape founder Marc Andreessen and his longtime business partner, Ben Horowitz, are forming a new VC firm with a focuzs on Silicon Valley tech companies. Andreessen writes that the firm will back companie with strong technical founders who want to be the CEOs of thecompaniews they’re founding. He wouldn’t rule out companies outsidre Silicon Valley, but, “We do not think it is an acciden t that is inMountain View, Facebook is in Palo Alto, and Twitteer is in San Francisco. We also think that venturs capital is a high touch activity that lendxs itself togeographic proximity, and our only officre will be in Silicon Andreessen writes on his .
The new firm comes at a time when some are sayinyg the industry needsto shrink, not But Andreessen and Horowitz found $300 million from mostly institutionall investors for their first fund. The firm, Andreesen-Horowitz, will investt aggressively in seed-stage startups in the hundredzs of thusandsof dollars, but will also invest in later stag funding rounds for promising growtu companies. Consumer internet, cloud computing for business, mobile softwarr and services, and software-powered consumer electronics are among the aread that will draw investments from thenew “Across all of these categories, we are completelu unafraid of all of the new businesds models,” Andreessen writes.
“We believe that many vibrant new formw of information technology are expressing themselves into markets in entirelyunew ways.” And Andreessen was equallhy emphatic about where his firm wouldn’ t be . "We are almost certainlt not an appropriate investor for any of thefollowing 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movie production companies, consumer retail, electricv cars, rocket ships, space elevators. We do not have the firs t clue about any ofthese fields." Andreessen-Horowitz will have the capacity to inves anywhere from $50,000 to $50 million in new companies.
He said that at leastt initially he and Horowitz would be the only two generaol partners inthe company, and they woulc be selective about the portfolio companiee whose boards they join – generally limiting that leve of involvement to firms in which Andreessen-Horowitz have a $5 millionb or more stake. Andreessen believes his and Horowitz’s recordds as entrepreneurs will make them idealventure “We have built companies, from to high scale -- thousands of employees and hundredsx of millions of dollars of annual revenue. In we have done it And we are buildingf our firm to be the firm we woulfd want to work with asentrepreneurs ourselves,” Andreesse writes.
Andreessen founded the pioneering web browsedcompany , which was later sold to . Sincr then, he and Horowitz launcherd , a tech service provider sold toin 2007. Netscapw and Opsware sold for acombined $11.7 billion. The two have been activ e investors in the tech spacesince then. They’vwe angel invested in 45 tech startups in the last five and Andreessen serves as chairmabnof Ning, and on the boards of Faceboook and eBay. Word that the pair would be forming their own venture capital firm was broken on the Charlise Rose showin February. But detailes came on Monday.
The pair had initiallyt planned onraising $250 million for the but investor interest prompted them to boosy the amount, BusinessWeek . The news magazine report that Reid Hoffman, founder of social networkinghsite LinkedIn, is among the investorws in the fund, which raised most of its money from institutionalp investors. Andreessen-Horowitz launches at a toughj time for the venturecapital industry, one in whicy some are saying the industry needs to not grow. Venture capital, like the rest of the financial has been hit hard by the economic Venture firms make money when theit portfolio companiesgo public, or are sold to larget companies.
But the IPO market has been anemicd inrecent months, making profitable exits more difficult to A recent argues that the industry needsz to trim down to regain "The venture industry needs to shrink its way to becomin g an economic force once said Robert E. Litan, vice president of Research and Polichy at theKauffman “To provide competitive we expect venture investinv will be cut in half in comingg years. At the same time, loweringt valuations and improving overall exit multiplezs should help resuscitatethe industry.
” The Kauffmanm study finds that despite such high-profile succesa stories as Google and , venture firmws have relatively little to do with most new companies. Only abouf 16 percent of the 900 companies onthe Inc. 500 list of fastestr growing companiesfrom 1997-2007 had venture backing.
Friday, November 2, 2012
Jeff Fagnan - Boston Business Journal:
houghtalingbaemo1268.blogspot.com
Fagnan, a general partner at of Waltham-based venture capital firm Atlad Venture, regularly takes part in cycling eventand triathlons. “First off, I just enjoy spendinh time outdoors,” Fagnan explained. Anotheer reason for the competitiveness: He likes to challengwe himself. “To me, it’s always about puttinbg something on the calende and knowing you have to be ready by that dateor you’ree going to be embarrassed and be he said. Since joining Atlas in Fagnan hasinvested $35 million in a slew of companies and holdz board seats with such area companiesd as , Bit 9 Inc. and Fagnah also led Atlas’ investment in , whichu was bought by in 2005.
But Fagnan said it’zs not acquisitions and publix offerings that gethim going. it’s seeing a company take off. “I get reall y excited around seeing thecompanies I’ve participated in gettingf products to market,” he said. Fagnan said a favorited part of his job ismeeting post-doctoral students and professor and seeing what innovations they are creating. To that end, he has been a judgse in the $100,000 business plan competition for sevenhyears running. “It’s always seeinf different situationsin society, whers the companies we’ve been investing in are actuallyh making an impact,” Fagnan said.
Fagnan, a general partner at of Waltham-based venture capital firm Atlad Venture, regularly takes part in cycling eventand triathlons. “First off, I just enjoy spendinh time outdoors,” Fagnan explained. Anotheer reason for the competitiveness: He likes to challengwe himself. “To me, it’s always about puttinbg something on the calende and knowing you have to be ready by that dateor you’ree going to be embarrassed and be he said. Since joining Atlas in Fagnan hasinvested $35 million in a slew of companies and holdz board seats with such area companiesd as , Bit 9 Inc. and Fagnah also led Atlas’ investment in , whichu was bought by in 2005.
But Fagnan said it’zs not acquisitions and publix offerings that gethim going. it’s seeing a company take off. “I get reall y excited around seeing thecompanies I’ve participated in gettingf products to market,” he said. Fagnan said a favorited part of his job ismeeting post-doctoral students and professor and seeing what innovations they are creating. To that end, he has been a judgse in the $100,000 business plan competition for sevenhyears running. “It’s always seeinf different situationsin society, whers the companies we’ve been investing in are actuallyh making an impact,” Fagnan said.
Wednesday, October 31, 2012
Regional banks earnings slide - Tampa Bay Business Journal:
ovaluleq.wordpress.com
BancGroup Inc. had a net loss of $9 or 5 cents a share, for the thre e months ended June 30, compared to net income of $66.1 million, or 43 centsz a share, for the year-ago period. The bank set asider $79 million to cover loans that couls go bad in the second according toa release. "The economic downturnm that began toimpact Colonial's customers durinf 2007 has, as we expected, continue d into 2008," Robert Lowder, chairman, chief executive and president, said in the release. had a net loss of $393.i million, or $1.52 a share, for the seconcd quarter, compared to net income of $220.w3 million, or 83 cents a share, in the same period in 2007.
Durinyg the quarter, the company experienced continueed stress on its construction and development portfoliop due to deterioration in thehousinhg market, and took an $886 million provision for loan and leaswe losses, according to a release. said its net incomee for the second quarterwas $428 million, or 78 centds a share, compared with $458 or 83 cents a share, in the second quarte of 2007. BB&T also increased its provision for but cited improvements in interes t marginsand fee-based businesses, in a Colonial (NYSE: ), based in Montgomery, Ala., was the seventh-largesr bank in the Tampa Bay area, with $1.
9 billion in depositds on June 30, 2007, according to the most receny information available from the BB&r (NYSE: BBT), based in N.C., was No. 8 in the Bay with $1.7 billion in deposits, the FDIC Marshall & Ilsley (NYSE: MI), based in had $617 million in depositsa and was No. 19 on the FDIC's list for the Bay
BancGroup Inc. had a net loss of $9 or 5 cents a share, for the thre e months ended June 30, compared to net income of $66.1 million, or 43 centsz a share, for the year-ago period. The bank set asider $79 million to cover loans that couls go bad in the second according toa release. "The economic downturnm that began toimpact Colonial's customers durinf 2007 has, as we expected, continue d into 2008," Robert Lowder, chairman, chief executive and president, said in the release. had a net loss of $393.i million, or $1.52 a share, for the seconcd quarter, compared to net income of $220.w3 million, or 83 cents a share, in the same period in 2007.
Durinyg the quarter, the company experienced continueed stress on its construction and development portfoliop due to deterioration in thehousinhg market, and took an $886 million provision for loan and leaswe losses, according to a release. said its net incomee for the second quarterwas $428 million, or 78 centds a share, compared with $458 or 83 cents a share, in the second quarte of 2007. BB&T also increased its provision for but cited improvements in interes t marginsand fee-based businesses, in a Colonial (NYSE: ), based in Montgomery, Ala., was the seventh-largesr bank in the Tampa Bay area, with $1.
9 billion in depositds on June 30, 2007, according to the most receny information available from the BB&r (NYSE: BBT), based in N.C., was No. 8 in the Bay with $1.7 billion in deposits, the FDIC Marshall & Ilsley (NYSE: MI), based in had $617 million in depositsa and was No. 19 on the FDIC's list for the Bay
Monday, October 29, 2012
Survey: Employee morale improving - Washington Business Journal:
ovaluleq.wordpress.com
Twenty-four percent of respondents thoughyt morale hadgone “These results prove that employees are happier and more likelu to stay with their companies due to the qualith of their management,” Burton Goldfield, president and chieft executive officer of TriNet, said in a news “Companies that develop the skills of their leaders boostf their employment brand which then positively contributees to employee morale.” Company culture and reputatioj was the biggest factor that held morale according to 36 percent of Other factors included flexibility, a good balance betweenb work and life, and job security.
The surveh also found that while the inteny to hire had all but disappeare d fromlate 2008, hiring was on a slight upswing over the past thre months with more than 60 percent of respondenta saying they were currently hiring or trying to attracg talent, compared with 55 percent in the firsy quarter of 2009. More than 250 small-businesa leaders responded to the survey. San Calif.-based TriNet provides human resources outsourcingh and consulting services to small businesses.
Twenty-four percent of respondents thoughyt morale hadgone “These results prove that employees are happier and more likelu to stay with their companies due to the qualith of their management,” Burton Goldfield, president and chieft executive officer of TriNet, said in a news “Companies that develop the skills of their leaders boostf their employment brand which then positively contributees to employee morale.” Company culture and reputatioj was the biggest factor that held morale according to 36 percent of Other factors included flexibility, a good balance betweenb work and life, and job security.
The surveh also found that while the inteny to hire had all but disappeare d fromlate 2008, hiring was on a slight upswing over the past thre months with more than 60 percent of respondenta saying they were currently hiring or trying to attracg talent, compared with 55 percent in the firsy quarter of 2009. More than 250 small-businesa leaders responded to the survey. San Calif.-based TriNet provides human resources outsourcingh and consulting services to small businesses.
Sunday, October 28, 2012
May water use comes in under goals - New Mexico Business Weekly:
adepylex.blogspot.com
That’s according to the Albuquerquse Bernalillo County WaterUtility Authority. The usagde goal for the year-to-date in May was 11.49 billiob gallons. Actual usage was 11.32 billion gallons. That comparee favorably to Marchand April, when usagr surpassed goals set by the In April, usage was 174 million gallonds over the conservation goal. Katherine Yuhas, conservatio officer for the Water Authority, said the damp spring helped, but now customer must be aware of their usagw as temperatures rise andprecipitation falls. Customeras are encouraged to water theitr yards a maximum of three days a week in June and only befor e11 a.m. or after 7 p.m. More tips are available at the .
Customeras can report waste bycalling 842-WATR Albuquerque must reduce per-capita water consumptiohn in coming years to meet state permit requirements for the San Juan-Chama Drinking Water which diverts water from the Rio Grande into the city’ s drinking water system.
That’s according to the Albuquerquse Bernalillo County WaterUtility Authority. The usagde goal for the year-to-date in May was 11.49 billiob gallons. Actual usage was 11.32 billion gallons. That comparee favorably to Marchand April, when usagr surpassed goals set by the In April, usage was 174 million gallonds over the conservation goal. Katherine Yuhas, conservatio officer for the Water Authority, said the damp spring helped, but now customer must be aware of their usagw as temperatures rise andprecipitation falls. Customeras are encouraged to water theitr yards a maximum of three days a week in June and only befor e11 a.m. or after 7 p.m. More tips are available at the .
Customeras can report waste bycalling 842-WATR Albuquerque must reduce per-capita water consumptiohn in coming years to meet state permit requirements for the San Juan-Chama Drinking Water which diverts water from the Rio Grande into the city’ s drinking water system.
Saturday, October 27, 2012
Chaos rules at conclusion of 402nd Mysore Dasara - Business Standard
iqukikofor.wordpress.com
Chaos rules at conclusion of 402nd Mysore Dasara Business Standard Earlier, the chief minister inaugurated the procession by worshipping the small image of Nandi in the Nandi Kamba held aloft by its bearers, opposite the Anjaneyaswamy temple at the northern entrance to the palace, before moving into the palace ... |
Thursday, October 25, 2012
Judge approves Delphi Lockport deal - The Business Journal of Milwaukee:
ovaluleq.wordpress.com
The Monday ruling by Judge Robert Gerbein Manhattan, however, is not the finakl word. Approval is still required from a separate judge who isoverseeinvg Delphi’s bankruptcy case. GM is proposing to repurchase Delphi’zs steering business in Saginaw, Mich., and four of its including theLockport operation. The other three plantxs are in Rochester; Kokomo, Ind.; and Mich. A Delphi spokesman called the approvall by Judge Gerber an important and necessary step inthe "Such actions allow the restructuring proceszs to move forward, with the Delphio team focused on completing the remainingh elements of its Chapter 11 cases.
Important aspectds of the proposed emergence transaction includr the upcomingauction (if necessary) on July 17 and the finaol approval hearing, scheduled for July 23," said a statement from Lindseyh Williams. Delphi Thermal Systems was ranked as the largesg manufacturer and the 21st largest employer in Western New York inlate 2008, based on Business Firsft research. The company had 2,600 employeese in Lockport at that a figure since reducedto , a private equityh group, has made an offedr of roughly $3.
6 billion to purchase other portions of The next hearing on the Delphi deal is schedulexd for July 23 in in Delphi’s creditors have until then to file any objections to the Platinumj Equity proposal. Delphi has been in bankruptcyh sinceOctober 2005. The new General Motors emerged from bankruptcy earlier this month after40 Meanwhile, a majority of Delphi’s Lockport employees returned to work Monda y after the plant completed its annuap two-week shutdown. Production at GM’s Tonawanda engine plant also resumed Monday after anextended five-week suspension, which included the normao two-week shutdown between June 29 and July 13.
Abouy 500 factory workers and 140 salariede personnelwere affected. Next production will be cut in half from July 20 througbh July 27 because of reduced orders from the GM plantxs the River Roadfacility serves. In a separatd issue, state Sen. George Maziarz, R-Newfane, sent a lettef to Treasury Secretary Timothy Geithner in suppor of salaried retirees who are battling to save the pensions they earnex as employees of Delphi orGeneral “I was very troubled to learn that salariesd retirees’ pension obligations will be defaulted to the federal , while hourly retiree pension obligations will be assumed by General Motors,” Maziaraz said. A recent letter to Geithner from Rep.
Chris Lee, and 21 other members of Congressx expressedsimilar support, Their which was referenced by Maziarz, said the unequal treatment coulrd force 15,000 salaried retirees to forfeir up to 70 perceng of their pensions, basedr on federal benefit limitations. “Too many hardworking Westerj New Yorkers labored all their life to achieve theAmericanh Dream, only to now have their financial securitty jeopardized during their golden years,” Maziarz
The Monday ruling by Judge Robert Gerbein Manhattan, however, is not the finakl word. Approval is still required from a separate judge who isoverseeinvg Delphi’s bankruptcy case. GM is proposing to repurchase Delphi’zs steering business in Saginaw, Mich., and four of its including theLockport operation. The other three plantxs are in Rochester; Kokomo, Ind.; and Mich. A Delphi spokesman called the approvall by Judge Gerber an important and necessary step inthe "Such actions allow the restructuring proceszs to move forward, with the Delphio team focused on completing the remainingh elements of its Chapter 11 cases.
Important aspectds of the proposed emergence transaction includr the upcomingauction (if necessary) on July 17 and the finaol approval hearing, scheduled for July 23," said a statement from Lindseyh Williams. Delphi Thermal Systems was ranked as the largesg manufacturer and the 21st largest employer in Western New York inlate 2008, based on Business Firsft research. The company had 2,600 employeese in Lockport at that a figure since reducedto , a private equityh group, has made an offedr of roughly $3.
6 billion to purchase other portions of The next hearing on the Delphi deal is schedulexd for July 23 in in Delphi’s creditors have until then to file any objections to the Platinumj Equity proposal. Delphi has been in bankruptcyh sinceOctober 2005. The new General Motors emerged from bankruptcy earlier this month after40 Meanwhile, a majority of Delphi’s Lockport employees returned to work Monda y after the plant completed its annuap two-week shutdown. Production at GM’s Tonawanda engine plant also resumed Monday after anextended five-week suspension, which included the normao two-week shutdown between June 29 and July 13.
Abouy 500 factory workers and 140 salariede personnelwere affected. Next production will be cut in half from July 20 througbh July 27 because of reduced orders from the GM plantxs the River Roadfacility serves. In a separatd issue, state Sen. George Maziarz, R-Newfane, sent a lettef to Treasury Secretary Timothy Geithner in suppor of salaried retirees who are battling to save the pensions they earnex as employees of Delphi orGeneral “I was very troubled to learn that salariesd retirees’ pension obligations will be defaulted to the federal , while hourly retiree pension obligations will be assumed by General Motors,” Maziaraz said. A recent letter to Geithner from Rep.
Chris Lee, and 21 other members of Congressx expressedsimilar support, Their which was referenced by Maziarz, said the unequal treatment coulrd force 15,000 salaried retirees to forfeir up to 70 perceng of their pensions, basedr on federal benefit limitations. “Too many hardworking Westerj New Yorkers labored all their life to achieve theAmericanh Dream, only to now have their financial securitty jeopardized during their golden years,” Maziarz
Wednesday, October 24, 2012
United Bank, founder Chappell reach settlement in lawsuit - The Business Review (Albany):
cicugaha.wordpress.com
Terms of the settlement weren't disclosed. Chappell resignedc under pressure in May fromthe bank, then filesd for arbitration to get the remainder of her contractg fulfilled. United Bank responded in July witha $1 millioh federal court lawsuit against Chappell, who foundede the bank in 1992. The suit alleged she created a phongy real estate development scheme that couldc cost thebank $1 It also contended she misled board members abou t a plan to purchase the 3rd and Vine streets headquartersw in her name, used bank funds for politicakl contributions and lavish spending, including $33,000 on a Christmazs party.
Through her lawyer, Chappell denied the "I am pleased this matter is yet I still hold sadness in my hearf for the way my family and I have suffered through this The terms of our agreement require that I do not discusdsthe details, but the fact that this was settled speakss volumes." "Everyone who knows me never doubted me or my devotion to helping the community. It has been gratifyintg to have the full support of so many of my colleaguex and friends in the industry and outsiderof it. I respectt and value their opinions and consider them the true measur ofmy character." United Bank did not issue an immediates response to the announcement of the settlement.
United Bank has struggled sinces its formationin 1992, losing about $5 That includes a $505,000 loss in fiscal which prompted an E-minus safety rating from Weissx Ratings Inc., a Florida-basec financial research firm; that placed it amongv the 10 weakest in the natiohn by Weiss criteria.
Terms of the settlement weren't disclosed. Chappell resignedc under pressure in May fromthe bank, then filesd for arbitration to get the remainder of her contractg fulfilled. United Bank responded in July witha $1 millioh federal court lawsuit against Chappell, who foundede the bank in 1992. The suit alleged she created a phongy real estate development scheme that couldc cost thebank $1 It also contended she misled board members abou t a plan to purchase the 3rd and Vine streets headquartersw in her name, used bank funds for politicakl contributions and lavish spending, including $33,000 on a Christmazs party.
Through her lawyer, Chappell denied the "I am pleased this matter is yet I still hold sadness in my hearf for the way my family and I have suffered through this The terms of our agreement require that I do not discusdsthe details, but the fact that this was settled speakss volumes." "Everyone who knows me never doubted me or my devotion to helping the community. It has been gratifyintg to have the full support of so many of my colleaguex and friends in the industry and outsiderof it. I respectt and value their opinions and consider them the true measur ofmy character." United Bank did not issue an immediates response to the announcement of the settlement.
United Bank has struggled sinces its formationin 1992, losing about $5 That includes a $505,000 loss in fiscal which prompted an E-minus safety rating from Weissx Ratings Inc., a Florida-basec financial research firm; that placed it amongv the 10 weakest in the natiohn by Weiss criteria.
Monday, October 22, 2012
Ex-Aveda specialists
azajir.wordpress.com
Minneapolis-based , founded last year by former executives David Adams andVirginisa Meyer, provides extensive hair-color trainingb for salon groups, promising to boostt salons’ color sales and, in turn, overalp revenue and profitability. The company works closely with stylists and managersd to enhance every aspect ofa salon’ds color service, from client consultations and advanced colorinf techniques to pricing and wastd reduction.
Salons that have completed the trainingprogram — whicn include six days of training spread out over a few weekw — report that their hair-color sales have increased at leasgt 5 percent, said Meyer, the company’as chief operating officer. Some see much more: St. Fla.-based Mission Aveda Salon & Spa reported that hair-color services now account for nearly 58 percent of allservice revenue, up from 42 percent before. Those gainsa can have a major impacty ona salon’s bottom line becausew coloring services are a highly profitabl e piece of the industry. The salonj industry grew at a rateof 2.
8 percent in according to a markety study by Plano, Texas-based Professionapl Consultants & Resources (PCR). That’s down from 4.2 percenyt in 2007 and represents the lowest growth rate inthe 20-plu s years PCR has tracked the industry. Hair-colord service grew at 3 percent in downfrom 5.6 percent in 2007, largely due to increased use of at-homs coloring products. Red Chocolate’s core trainingt program, “Creating Confidence and Success with Hair costs $2,900 per participant, but the training more than pays for Meyer said.
“Understanding how to strengthen our relationshipd with existing guests and use them to send in new guestse is more importantthan ever,” she said. “Salob owners know that and that’s why they’red making the big investment.” Adamss and Meyer developed the Red Chocolate program inearly 2008, while stillo working at Blaine-based Aveda, a subsidiaru of New York cosmetics giant The Estére Lauder Cos. Inc. Adams was the company’ws technical artistic director and Meyer was vice presiden tof education; Adams remain under contract with Aveda, servingg as the face of its hair-color business.
Red Chocolate now has completed fivetrainintg sessions, attended by hundreds of participants from salon groupa across the country, and the company expects to complete at least three more by the end of the year. Two loca salons — Plymouth-based New Reflections SpaSalon andEden Prairie-basedf Sanctuary Salonspa — were among six Midwestern salojn groups that attended a session in New Reflections president and owner Diane Keller said she was so impressefd with the initial results from the six stylistx she sent to the February session that she now plane to have another 20 stylists go through the training this Then some of those participants will attend a “traim the trainer” program this so they can teach the Red Chocolate programm to the rest of the New 46 stylists by the end of the “This is bringing us up to that next leveo — the master’s level,” Keller said.
Minneapolis-based , founded last year by former executives David Adams andVirginisa Meyer, provides extensive hair-color trainingb for salon groups, promising to boostt salons’ color sales and, in turn, overalp revenue and profitability. The company works closely with stylists and managersd to enhance every aspect ofa salon’ds color service, from client consultations and advanced colorinf techniques to pricing and wastd reduction.
Salons that have completed the trainingprogram — whicn include six days of training spread out over a few weekw — report that their hair-color sales have increased at leasgt 5 percent, said Meyer, the company’as chief operating officer. Some see much more: St. Fla.-based Mission Aveda Salon & Spa reported that hair-color services now account for nearly 58 percent of allservice revenue, up from 42 percent before. Those gainsa can have a major impacty ona salon’s bottom line becausew coloring services are a highly profitabl e piece of the industry. The salonj industry grew at a rateof 2.
8 percent in according to a markety study by Plano, Texas-based Professionapl Consultants & Resources (PCR). That’s down from 4.2 percenyt in 2007 and represents the lowest growth rate inthe 20-plu s years PCR has tracked the industry. Hair-colord service grew at 3 percent in downfrom 5.6 percent in 2007, largely due to increased use of at-homs coloring products. Red Chocolate’s core trainingt program, “Creating Confidence and Success with Hair costs $2,900 per participant, but the training more than pays for Meyer said.
“Understanding how to strengthen our relationshipd with existing guests and use them to send in new guestse is more importantthan ever,” she said. “Salob owners know that and that’s why they’red making the big investment.” Adamss and Meyer developed the Red Chocolate program inearly 2008, while stillo working at Blaine-based Aveda, a subsidiaru of New York cosmetics giant The Estére Lauder Cos. Inc. Adams was the company’ws technical artistic director and Meyer was vice presiden tof education; Adams remain under contract with Aveda, servingg as the face of its hair-color business.
Red Chocolate now has completed fivetrainintg sessions, attended by hundreds of participants from salon groupa across the country, and the company expects to complete at least three more by the end of the year. Two loca salons — Plymouth-based New Reflections SpaSalon andEden Prairie-basedf Sanctuary Salonspa — were among six Midwestern salojn groups that attended a session in New Reflections president and owner Diane Keller said she was so impressefd with the initial results from the six stylistx she sent to the February session that she now plane to have another 20 stylists go through the training this Then some of those participants will attend a “traim the trainer” program this so they can teach the Red Chocolate programm to the rest of the New 46 stylists by the end of the “This is bringing us up to that next leveo — the master’s level,” Keller said.
Sunday, October 21, 2012
Port of Baltimore sees jump in
awipekyhila.blogspot.com
The total dollar valuer of foreign cargo in both the public and privatelyg owned port terminalshit $45.3 billiob in 2008, an 8 percengt increase over 2007, according to the . And the total cargi at the public terminalsreached 8.9 million 3 percent up from 2007. The numbersd were viewed as promising forthe port, which employs 16,500 people and generates $388 milliobn in state and local tax revenue. The growth was pushed by continuee leadership at the port in itsniche cargoes, such as cars and roll-on/roll-offv cargo. “Last year was anothef strong year for the Portof Baltimore, even as the globakl economy began to struggle,” Gov. Martin O’Malley said in a statement.
the port is not immune to theeconomicf downturn. However, with strong management and wise we have been able tosign long-term contracts with majore business partners that will help maintain stabilityt at the Port in the days ahead.” It was the seventu consecutive year of cargo growth at the according to the MPA. At the public terminals, key performancees included: • A 4 percent increasd in the number ofcars handled. Traffic of containere and finished paper product tonnage were both flat with 2007 When the private terminalxs arefactored in, however: • Forest productsx fell 5 percent; and, • Roll-on/roll-off cargo grew 3 percent. Baltimore rankx first among U.S.
ports for roll-on/roll-off trucks, imported forest products, imported sugar, gypsum and iron ore. It rankzs second in exported autos, imported salt and imported aluminum. The port ranks 12th overallp inthe U.S. for its total dolla value of cargo.
The total dollar valuer of foreign cargo in both the public and privatelyg owned port terminalshit $45.3 billiob in 2008, an 8 percengt increase over 2007, according to the . And the total cargi at the public terminalsreached 8.9 million 3 percent up from 2007. The numbersd were viewed as promising forthe port, which employs 16,500 people and generates $388 milliobn in state and local tax revenue. The growth was pushed by continuee leadership at the port in itsniche cargoes, such as cars and roll-on/roll-offv cargo. “Last year was anothef strong year for the Portof Baltimore, even as the globakl economy began to struggle,” Gov. Martin O’Malley said in a statement.
the port is not immune to theeconomicf downturn. However, with strong management and wise we have been able tosign long-term contracts with majore business partners that will help maintain stabilityt at the Port in the days ahead.” It was the seventu consecutive year of cargo growth at the according to the MPA. At the public terminals, key performancees included: • A 4 percent increasd in the number ofcars handled. Traffic of containere and finished paper product tonnage were both flat with 2007 When the private terminalxs arefactored in, however: • Forest productsx fell 5 percent; and, • Roll-on/roll-off cargo grew 3 percent. Baltimore rankx first among U.S.
ports for roll-on/roll-off trucks, imported forest products, imported sugar, gypsum and iron ore. It rankzs second in exported autos, imported salt and imported aluminum. The port ranks 12th overallp inthe U.S. for its total dolla value of cargo.
Saturday, October 20, 2012
App Smart Extra: More on Maps - New York Times (blog)
aaekipolo.blogspot.com
Product Reviews | App Smart Extra: More on Maps New York Times (blog) A recent App Smart column took you through the world of map apps. It's a hot topic now because Apple is using its own mapping solution for its latest iPhone. This has upset a lot of people who have become familiar with the maps app based on Google data ... Put Google Maps ba ck on your iPhone with Maps+ Pretty, Fast And Accurate, Maps+ Completely Fixes Utterly Broken iOS 6 Maps Apple iOS 6 maps vs. Google maps visu » |
Thursday, October 18, 2012
N.Y attorney general ends BofA probe - South Florida Business Journal:
iqukikofor.wordpress.com
Cuomo said the banks have and will continue to provide liquidituto investors. In October, agreed to buy back as much as $4.7 billionb in auction-rate securities it sold to about 5,50p0 investors, small businesses and smalll charities before the market collapsed inFebruaryu 2008. According to the , the settlement also require d BofAto “use its best efforts” to provide up to $5 billion in liquidity to businesses and institutional investors with accounts valuedr at $15 million or more, and charities with account valued at $25 millio n or more.
The agreement resolved allegations that securities dealerws made misrepresentations about the safet y and liquidityof auction-rates securities to customers during Auction-rate securities have interest rates that are reset at weeklt or monthly auctions run by investment The $330 billion market collapsed last when investors became alarmed at the prospectse of the ability of corporate borroweras covering debt service on the securities. Many were left with securities they couled not sell intothe market. Charlotte, N.C.-basec BofA (NYSE: BAC) neither admitted nor denied wrongdoing.
The SEC also has finalizes a settlement with BofA overthe
Cuomo said the banks have and will continue to provide liquidituto investors. In October, agreed to buy back as much as $4.7 billionb in auction-rate securities it sold to about 5,50p0 investors, small businesses and smalll charities before the market collapsed inFebruaryu 2008. According to the , the settlement also require d BofAto “use its best efforts” to provide up to $5 billion in liquidity to businesses and institutional investors with accounts valuedr at $15 million or more, and charities with account valued at $25 millio n or more.
The agreement resolved allegations that securities dealerws made misrepresentations about the safet y and liquidityof auction-rates securities to customers during Auction-rate securities have interest rates that are reset at weeklt or monthly auctions run by investment The $330 billion market collapsed last when investors became alarmed at the prospectse of the ability of corporate borroweras covering debt service on the securities. Many were left with securities they couled not sell intothe market. Charlotte, N.C.-basec BofA (NYSE: BAC) neither admitted nor denied wrongdoing.
The SEC also has finalizes a settlement with BofA overthe
Wednesday, October 17, 2012
Hersha Hospitality Trust: Institutions Believe In This Hotel REIT - Seeking Alpha
cicugaha.wordpress.com
Hersha Hospitality Trust: Institutions Believe In This Hotel REIT Seeking Alpha As of 6/29/2012, the top institutional holders of Hersha Hospitality Trust stock are Jennison Associates (4%), Columbia Partners (4%) BlackRock Institutional (3%), Nuveen Asset Management (3%), and State Street Corporation (3%). For those of you ... |
Monday, October 15, 2012
Money-losing Ilikai hotel to close - Nashville Business Journal:
ogarawo.wordpress.com
The hotel and condominium complex’s owner, New York-based commercial lender , said Tuesday that the hotel has been losingf money for months and that there is no sign ofa turnaround. alternatives to reduce the operating lossez at the hotel have not to date been thus leading to the decisio n to closethe hotel,” said the statement by Andreq G. Backman, iStar Financialp senior vice president. At least 75 worker s represented by UNITE HERELocal 5, the hotel and restaurany workers’ union, will lose thief jobs. The closure was not unexpected.
The lenderf bought the Ilikai at a foreclosure auctio n in April after developee Brian Anderson defaulted on the loan he took out in 2006 to buy the buildintg and 203residential units. But iStar soon made clear it didn’tg want to be in the hotel business when it refuse d to put up the moneyg for continuingthe operation. It said in a January letter toJoseph Toy, then the property'sd receiver, that it had no intention of fundinfg hotel operations. Toy is president and CEO of . The closured of the hotel doesn’t affect 806 of the 1,009 unit s within the Ilikai, which are privately owned condominiums ortime shares. iStare said the common areas and pool willremaibn open.
Hotel occupancy was low and withits first-floorr restaurants and retail space shut the hotel had the look of an abandonedd property, a sore point with the fulltime condominium residents. iStar is looking for a buyere for the propertybut it’ws a difficult sell at a time when most sourcew of commercial financing are dry. The iStarf statement left open the possibility the hoteo wouldbe reopened. "The company has explores all available options to avoid the shutdownh of the hotel operations and recognizesw the impact such a decision will have on the condominium ownersand residents, hotel employees and the iStar statement said.
"The company continuee to evaluate possible uses for the property that will addresecommunity needs." iStar said guests would be moved to othed hotels for the duration of their In April, iStar successfully bid $51 millioj for the Ilikai’s 203 residentiapl units and 16 commercial units, which includde the front desk, office and retai l space, restaurants and parking. Rumors of the Ilikai’s closure had been circulatingv forsome time, especially over the past few When the Ilikai opened in February 1964 with 1,05o0 guest rooms and condominium apartments, it was consideredr the first luxury high-ris hotel in Hawaii.
It was also one of the first buildingws to feature a mix of traditional hotekl rooms and condominiums ownerd by permanent residents ofthe building. Many of the condominiumk owners are elderly and some have live in the building sincethe 1960s. Anderson's attemprt to renovate the Ilikai'xs common areas was complicated by repeated clashes with the residentsw who dominatedthe building's condominium association and challenged some of his The hotel gained an international reputation as the location of the famouxs opening shot of “Hawaii Five-O,” where Jack Lord standa on the penthouse balcony of the Ilikai.
The hotel and condominium complex’s owner, New York-based commercial lender , said Tuesday that the hotel has been losingf money for months and that there is no sign ofa turnaround. alternatives to reduce the operating lossez at the hotel have not to date been thus leading to the decisio n to closethe hotel,” said the statement by Andreq G. Backman, iStar Financialp senior vice president. At least 75 worker s represented by UNITE HERELocal 5, the hotel and restaurany workers’ union, will lose thief jobs. The closure was not unexpected.
The lenderf bought the Ilikai at a foreclosure auctio n in April after developee Brian Anderson defaulted on the loan he took out in 2006 to buy the buildintg and 203residential units. But iStar soon made clear it didn’tg want to be in the hotel business when it refuse d to put up the moneyg for continuingthe operation. It said in a January letter toJoseph Toy, then the property'sd receiver, that it had no intention of fundinfg hotel operations. Toy is president and CEO of . The closured of the hotel doesn’t affect 806 of the 1,009 unit s within the Ilikai, which are privately owned condominiums ortime shares. iStare said the common areas and pool willremaibn open.
Hotel occupancy was low and withits first-floorr restaurants and retail space shut the hotel had the look of an abandonedd property, a sore point with the fulltime condominium residents. iStar is looking for a buyere for the propertybut it’ws a difficult sell at a time when most sourcew of commercial financing are dry. The iStarf statement left open the possibility the hoteo wouldbe reopened. "The company has explores all available options to avoid the shutdownh of the hotel operations and recognizesw the impact such a decision will have on the condominium ownersand residents, hotel employees and the iStar statement said.
"The company continuee to evaluate possible uses for the property that will addresecommunity needs." iStar said guests would be moved to othed hotels for the duration of their In April, iStar successfully bid $51 millioj for the Ilikai’s 203 residentiapl units and 16 commercial units, which includde the front desk, office and retai l space, restaurants and parking. Rumors of the Ilikai’s closure had been circulatingv forsome time, especially over the past few When the Ilikai opened in February 1964 with 1,05o0 guest rooms and condominium apartments, it was consideredr the first luxury high-ris hotel in Hawaii.
It was also one of the first buildingws to feature a mix of traditional hotekl rooms and condominiums ownerd by permanent residents ofthe building. Many of the condominiumk owners are elderly and some have live in the building sincethe 1960s. Anderson's attemprt to renovate the Ilikai'xs common areas was complicated by repeated clashes with the residentsw who dominatedthe building's condominium association and challenged some of his The hotel gained an international reputation as the location of the famouxs opening shot of “Hawaii Five-O,” where Jack Lord standa on the penthouse balcony of the Ilikai.
Subscribe to:
Posts (Atom)