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U.S. Bankruptcy Judge Carl chief of the Western District ofNew York, orderedd bids for the downtown Buffalo landmark be submittedc by July 9, with an auction to be held on July 14 but only if two or more bids are Bucki will consider the bids and auction resultsz during a July 21 sale hearing and status report. The auction coulr seal the fate of the Statler and ultimately removew LLC andits principal, British investort Bashar Issa, from owning the Issa is facing legal and financial issuex both in Buffalo and Manchester, England. Bucki said he expectzs the transaction to be completed by the endof July.
The auctio was disputed in a last minute filing made late Wednesdayy morning by attorneysrepresenting Issa’s Mohmoud Al Issa, who holds a $4.5 millio n mortgage on the property. Mohmoud Al Issa, a Jordanb resident and businessman, was not “We don’t disagree that the property needx tobe sold, but not done so in such a hurr up manor,” argued Mohmoud Al Issa’sa attorney, Raymond Fink, a partner in . “Ths question is whether this is the best way todo it. This is a hurruy up and a ‘Hail Mary.’ “ Fink allegedr that the elder Issa has invested morethan $12 million in Statler-relatedd expenses during the past three years.
“My cliengt has more at stak in this venture than any other Fink said. But, with debtx mounting and its tenant roll dwindling and revenuesources shrinking, attorneys representing the court-appointed trustee, said the sale is necessary to stabilizee the Statler. “It wasn’t the trustee who failed to adequatelu capitalizethis building,” said Garruy Graber, a partner with . Graber said when Bashar Issa bought the Statler threeyears ago, the nearly 600,000-square-foot building was more than 50 percent Today, it has less than a 20 percent occupancy rate and lost an ancho r tenant, the law firm of , who left for Main Placde Tower because of the building’s uncertain ownership and future.
The according to previous cour testimony, is losing more than $80,000 a month. BSC Development Buffalk LLC has mounting debts including owin g the City of Buffalo and Erie County morethan $200,000 in unpaid property taxes with another $200,000 due on June 30. Graber said to hire a professionalk auctioneer to market the Statler wouldcost $45,000o – money the Statler does not have in its bank “We don’t disagree that this is a ‘Hai Mary’,” Graber said. “That’s exactly what it is. This is aboutt economics, not anything else. Bashar Issa can’t finance the buildingt and hisfather doesn’t want to.
” Severa groups have expressed an interest in the Statler includingh Long Island developer Uri who is considering making a bid and convertinbg the bulk of the building into apartments. The building’s anchor tenant, Park Lane Catering, would remain and continue with itsbusinesws operations. The Park Lane has more than 200 eventas booked in the Statler in the coming monthsand years. It remains in full operation. Wednesday morning, it also filexd a $1.29 million claim against BSC Development Buffalo LLC. “The Park Lane is one of the last tenantesleft standing,” said David Pfalzgraf Jr.
, the Park Lane’s “They are very concerned, every day, about the The auction is the latest in a long seriews of legal proceedings againstr BSC Development Buffalo LLC and againstg Issa, both in Buffalo and Manchester. The Buffaloo proceedings began last November by Park Lane which alleges it lost morethan $1 millionn in bookings because of the building’s physical shaps and uncertain future.
Issa had pledged to inves t morethan $100 millionj in the Statler and returninvg it to its showplace statuse by bringing in a 150-rooj hotel and converting the upper floors into upscale Issa had also announced plans to construcrt a 40-story tower at the corner of West Mohawk Street and South Elmwood Avenue. Only a minimal portion of the renovationxs evertook place. No work has taken place in the Statler sinceApril 2008. The towert property was sold last summerfor $2.5 Issa has not been in Buffalo in more than 18 months allegedlh because of visa problems.
This wintedr he was found in contempt of court by Stat Supreme Court Justice John Curranj in relation to the Park LaneCaterinbg litigation. Creditors, including the Park Lane, petitionede federal courts to place the Statleer into involuntary Chapter11 protection. Bucki agreefd and placed the Chapter 11 protectionj on the building onApril 13. New York City attorney Josephb Leon, who represents Bashar Issa, said his client is “beinbg portrayed as a bad actor of some Leon said Issainvested $8 million in renovationa to the Statler. “I walked through there and expecter to see exposed dry wall andhangingf wires, but I didn’t,” Leon said.
“Mt client was sabotaged by the economy. When you peel back all the what you have is an economically challenged owner.” Following Bucki’s ruling - which came afterd a 2.5 hour-long hearing - the judg e said he made his decisioh “based solely on the facts.” “Thd trustee’s concerns are Bucki said. Fink said he was not surprise d but disappointed bythe ruling. Both Pfalzgraf and Graber, however, applauded the decision. “We thino this was the right outcome,” Graber said.
Thursday, December 29, 2011
Tuesday, December 27, 2011
Arena Stage boosts Crystal City food scene, for now - Washington Business Journal:
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But one big question What will happen after the curtain fallswon Arena’s three-year stint in Crystalk City? Since Arena debuter its first performance in Arlington last December, salexs at Crystal City restaurants have jumped about 10 percent compare d to the same period last year, according to a surveu by the Crystal City Business Improvement District. Jale Crystal City has seen between a 15 and 20 percenr increasein business, said Roberg Hall, general manager, adding that othedr factors, such as the growing popularithy of celebrity chef and Jaleo founder Jose could have contributed as well.
“I thinkk in the beginning there may have been some andthat Arena-goers may not have thoughr there were a lot of great restaurantt options around there,” Hall said. “But they’re realizing there are high-caliber places that are typicallhy alittle upscale, for someone who doesn’r necessarily want to settlre for Potbelly’s before a Arena moved to its new, temporary 460-seart quarters at 1800 S. Bell St. while its Southwes D.C. waterfront headquarters undergoes anearly $125 million renovation that will give it three theaters with 1,390 The theater company presenteds four shows before its seasoh ended in July.
“I think it was a huge mystery, how it woulr turn out,” said Molly Smith, Arena’s artistidc director. “But by all accounts it’s been a greay success.” Smith said Arena had expected to lose aroun d 10 percent of its undisclosed subscriber base but lostonly 1.3 It also attracted plenty of newcomers, addinfg more than 5,000 new accounts which can be anyone from a subscribee to a single-ticket purchaser — in the firstt two months in Crystak City. “We’ve also found our demographicw have changedslightly — more people from Virginia, and more people who are outsidde Maryland, Virginia and D.C.
,” Smith In the upcoming season, Arena will perform six showx in Crystal City and four in the on U Streeg NW. “We’re hoping to do for U Street what we’ve done for Crystalp City,” she said. Jaleo and other area such as McCormick & Schmick’s and Bebo Trattoria, have been offering promotiones for theatergoers and some havehosted theater-related Jaleo co-sponsored the Critics Association’s June conference dinnet and has a pre-theatre menu; McCormick’s give s 15 percent off to those who show a The Crystal City BID is urging Arenaa to continue to do at least one show a year in Crystapl City after its new space is finished in but Arena has yet to Smith said she is open to the idea but also hopew the revitalized theater, formerly a theater, could providwe a home for a new company.
Angela Fox, president and chiet executive officer ofthe BID, said the BID has had discussionsd with other performing arts groups about taking over the space when Arena leaves. She wouldn’t say who is interestecd but noted the BID woulfd like to seeanother big-name performinv group with a following whoses subscribers would be happy to relocate. lost its home on Capitok Hill this year, but is relocatintg to the on H Street NE and plans to stay there for the near artistic director ScottFortier said.
will becomed homeless when Clark Street Playhouse just north of Crystal City is eventuallgytorn down, but artistic director Chris Henleyg said the group is more interested in Rosslyn’s former which is slated to become a performing arts has been temporarily performing on ’s campus and will announcs more permanent plans after it finishes up its season this month. It’s possible Arlington theaters which have spacwe now might chooseto relocate. Synetic Theater is housedc in the 387-seat Rosslyn Spectrum, and it also has a five-year partnership with the that endsin 2010.
But one big question What will happen after the curtain fallswon Arena’s three-year stint in Crystalk City? Since Arena debuter its first performance in Arlington last December, salexs at Crystal City restaurants have jumped about 10 percent compare d to the same period last year, according to a surveu by the Crystal City Business Improvement District. Jale Crystal City has seen between a 15 and 20 percenr increasein business, said Roberg Hall, general manager, adding that othedr factors, such as the growing popularithy of celebrity chef and Jaleo founder Jose could have contributed as well.
“I thinkk in the beginning there may have been some andthat Arena-goers may not have thoughr there were a lot of great restaurantt options around there,” Hall said. “But they’re realizing there are high-caliber places that are typicallhy alittle upscale, for someone who doesn’r necessarily want to settlre for Potbelly’s before a Arena moved to its new, temporary 460-seart quarters at 1800 S. Bell St. while its Southwes D.C. waterfront headquarters undergoes anearly $125 million renovation that will give it three theaters with 1,390 The theater company presenteds four shows before its seasoh ended in July.
“I think it was a huge mystery, how it woulr turn out,” said Molly Smith, Arena’s artistidc director. “But by all accounts it’s been a greay success.” Smith said Arena had expected to lose aroun d 10 percent of its undisclosed subscriber base but lostonly 1.3 It also attracted plenty of newcomers, addinfg more than 5,000 new accounts which can be anyone from a subscribee to a single-ticket purchaser — in the firstt two months in Crystak City. “We’ve also found our demographicw have changedslightly — more people from Virginia, and more people who are outsidde Maryland, Virginia and D.C.
,” Smith In the upcoming season, Arena will perform six showx in Crystal City and four in the on U Streeg NW. “We’re hoping to do for U Street what we’ve done for Crystalp City,” she said. Jaleo and other area such as McCormick & Schmick’s and Bebo Trattoria, have been offering promotiones for theatergoers and some havehosted theater-related Jaleo co-sponsored the Critics Association’s June conference dinnet and has a pre-theatre menu; McCormick’s give s 15 percent off to those who show a The Crystal City BID is urging Arenaa to continue to do at least one show a year in Crystapl City after its new space is finished in but Arena has yet to Smith said she is open to the idea but also hopew the revitalized theater, formerly a theater, could providwe a home for a new company.
Angela Fox, president and chiet executive officer ofthe BID, said the BID has had discussionsd with other performing arts groups about taking over the space when Arena leaves. She wouldn’t say who is interestecd but noted the BID woulfd like to seeanother big-name performinv group with a following whoses subscribers would be happy to relocate. lost its home on Capitok Hill this year, but is relocatintg to the on H Street NE and plans to stay there for the near artistic director ScottFortier said.
will becomed homeless when Clark Street Playhouse just north of Crystal City is eventuallgytorn down, but artistic director Chris Henleyg said the group is more interested in Rosslyn’s former which is slated to become a performing arts has been temporarily performing on ’s campus and will announcs more permanent plans after it finishes up its season this month. It’s possible Arlington theaters which have spacwe now might chooseto relocate. Synetic Theater is housedc in the 387-seat Rosslyn Spectrum, and it also has a five-year partnership with the that endsin 2010.
Sunday, December 25, 2011
Fred Weber wins $4M Mississippi River Bridge contract - Dallas Business Journal:
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awarded Fred Weber a $4.44 million contract Wednesday to remove and replacde the Madison Streetand St. Louiw Avenue bridges over Interstate 70 indowntowjn St. Louis. The majority of work on this projecf will start afterHighway 40/Interstate 64 reopenzs between Kingshighway and Interstate 170. Crews will removwe the St. Louis Avenue bridge firstr and then remove and replace the MadisonStreeyt bridge. During work to remove the MadisonnStreet bridge, crews will also remove the Cass Avenuer bridge in preparation for replacing that bridgew later in 2010. This work is part of preliminarhy work on a new Mississippirivetr bridge, which is expected to reduce congestion on the Poplarf Street Bridge.
Maryland Heights, Mo.-baseds Fred Weber is one of the largest privatel held companiesin St. Loui s with $353.3 million in revenue in 2008. The commercialo construction firm is also working onthe $245 millionh reconstruction of AmerenUE’s Taum Sauk Reservoie in Johnson’s Shut-Ins state park and is part of Gatewa Constructors, the consortium of contractors performing $535 millionb worth of improvements on Highway 40/Interstate 64.
awarded Fred Weber a $4.44 million contract Wednesday to remove and replacde the Madison Streetand St. Louiw Avenue bridges over Interstate 70 indowntowjn St. Louis. The majority of work on this projecf will start afterHighway 40/Interstate 64 reopenzs between Kingshighway and Interstate 170. Crews will removwe the St. Louis Avenue bridge firstr and then remove and replace the MadisonStreeyt bridge. During work to remove the MadisonnStreet bridge, crews will also remove the Cass Avenuer bridge in preparation for replacing that bridgew later in 2010. This work is part of preliminarhy work on a new Mississippirivetr bridge, which is expected to reduce congestion on the Poplarf Street Bridge.
Maryland Heights, Mo.-baseds Fred Weber is one of the largest privatel held companiesin St. Loui s with $353.3 million in revenue in 2008. The commercialo construction firm is also working onthe $245 millionh reconstruction of AmerenUE’s Taum Sauk Reservoie in Johnson’s Shut-Ins state park and is part of Gatewa Constructors, the consortium of contractors performing $535 millionb worth of improvements on Highway 40/Interstate 64.
Friday, December 23, 2011
Fourth quarter comeback powers Rockport over North Shore Tech - Gloucester Daily Times
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Fourth quarter comeback powers Rockport over North Shore Tech Gloucester Daily Times By Nick Curcuru Staff Writer ROCKPORTâ€" In a battle of inexperienced teams it all comes down to who is more composed. For the first three quarters of Thursday night's matchup between Rockport and North Shore Tech/Essex Aggie, it was the Bulldogs who ... |
Wednesday, December 21, 2011
UAL Corporation Company Profile | UAUA Company Information
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UAL Corporation (together with its consolidatexd subsidiaries, UAL), is a holding company and its principal, wholly-ownee subsidiary is United Air Lines, Inc. (together with its consolidatecd subsidiaries, United). We sometimes use the words we, our, us and the Companyt in this Form 10-Q for disclosures that relatse to both UALand United. Unitedsx operations consist primarily of the transportatiohnof persons, property, and mail throughout the U.S.
and United provides these servicesthrough full-sizex jet aircraft (which we referf to as its Mainline as well as smaller aircraft in its regional operationa conducted under contract by Unitecd Express
UAL Corporation (together with its consolidatexd subsidiaries, UAL), is a holding company and its principal, wholly-ownee subsidiary is United Air Lines, Inc. (together with its consolidatecd subsidiaries, United). We sometimes use the words we, our, us and the Companyt in this Form 10-Q for disclosures that relatse to both UALand United. Unitedsx operations consist primarily of the transportatiohnof persons, property, and mail throughout the U.S.
and United provides these servicesthrough full-sizex jet aircraft (which we referf to as its Mainline as well as smaller aircraft in its regional operationa conducted under contract by Unitecd Express
Monday, December 19, 2011
Videos: Stevie Wonder and Friends Perform at House Full of Toy Concert - AceShowbiz
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RollingStone.com | Videos: Stevie Wonder and Friends Perform at House Full of Toy Concert AceShowbiz The music veteran is seen performing with his celebrity friends like Drake and Justin Bieber at the annual charity gig which took place at the Nokia Theatre in Los Angeles this year. The Canadian rapper played "Headlines" and "Best I Ever Had". ... Stevie Wonder and Friends Rock the Annual House Full of Toys Benefit Justin Bieber And Drake's Holiday Tour Continues Justin Bieber And His 'Brother' Drizzy Drake Get In The Christmas Spirit |
Friday, December 16, 2011
ASC names new president - Charlotte Business Journal:
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Provancher comes to Charlotte from the Fine Arts Fund in where he is vice presidengt and campaign director for the oldest and larges t arts andculture fund-raising organization in the He succeeds Lee Keesler, who will retire June 30. At the Fine Arts Provancher managed andoversaw personnel, planninf and resources. He helped raise $12.2 million for the organization’s annual campaign, whic h was completed in April. He also has been responsiblde for leadingkey initiatives, such as increasinhg participation for the arts and culturew sector.
“I am honoredc and thrilled to be joinin ASC at this importanr time for the organizatiobnand Charlotte-Mecklenburg’s emergence as a culturapl leader,” says Provancher, 32. “I have deep admiratiojn for the work of ASC President Lee ASC staff and its board of directors in leading this institutio with integrity and vision during these challenging times.” Former ASC board chair Jennifef Appleby and ASC board member Charles Bowmab co-chaired the search committee to recommend a new presidentt to the executive committee of the ASC Provancher will assume his new responsibilities July 13.
The ASC was foundeed 50 years ago to raised moneyfor Charlotte-area cultural organizations and to coordinate fund-raisintg campaigns in an annual drive.
Provancher comes to Charlotte from the Fine Arts Fund in where he is vice presidengt and campaign director for the oldest and larges t arts andculture fund-raising organization in the He succeeds Lee Keesler, who will retire June 30. At the Fine Arts Provancher managed andoversaw personnel, planninf and resources. He helped raise $12.2 million for the organization’s annual campaign, whic h was completed in April. He also has been responsiblde for leadingkey initiatives, such as increasinhg participation for the arts and culturew sector.
“I am honoredc and thrilled to be joinin ASC at this importanr time for the organizatiobnand Charlotte-Mecklenburg’s emergence as a culturapl leader,” says Provancher, 32. “I have deep admiratiojn for the work of ASC President Lee ASC staff and its board of directors in leading this institutio with integrity and vision during these challenging times.” Former ASC board chair Jennifef Appleby and ASC board member Charles Bowmab co-chaired the search committee to recommend a new presidentt to the executive committee of the ASC Provancher will assume his new responsibilities July 13.
The ASC was foundeed 50 years ago to raised moneyfor Charlotte-area cultural organizations and to coordinate fund-raisintg campaigns in an annual drive.
Wednesday, December 14, 2011
Kansas City Fed district manufacturing improves - Kansas City Business Journal:
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The production index for manufacturers reporting an increase in productiojn in June from May was 9 its first foray into positive territory since About 33 percent of companies surveyed said productionwas up, and about 22 perceny said it was The index was at -3 in May and -8 a year ago. Productiobn indexes increased for durable andnondurabled goods-producing plants. The indexes for shipments, new orderx and order backlog all increased forthe second-straight month and emerges from negative territory. The employment index was -10 in up from -13 in May. It was at -9 a year ago. The averag e employee workweek indexhit 3, jumpinvg from -14 in May and -3 a year ago.
The indexx had been negative since August. Inventories for materiald and finished goodsremained negative, worsening from May to June and from last The future-production outlook index reached 13, up from 1 in May and down from 17 a year ago. The futurs capital expenditures index fellto -13 in June from -10 in May. The bank said most firmss indicated “some lingering hesitanc on major investments due to the only recent pickulpin activity.” The 10th district coverzs Western Missouri, Kansas, Colorado, Nebraska, Oklahoma, Wyoming and northernh New Mexico.
The production index for manufacturers reporting an increase in productiojn in June from May was 9 its first foray into positive territory since About 33 percent of companies surveyed said productionwas up, and about 22 perceny said it was The index was at -3 in May and -8 a year ago. Productiobn indexes increased for durable andnondurabled goods-producing plants. The indexes for shipments, new orderx and order backlog all increased forthe second-straight month and emerges from negative territory. The employment index was -10 in up from -13 in May. It was at -9 a year ago. The averag e employee workweek indexhit 3, jumpinvg from -14 in May and -3 a year ago.
The indexx had been negative since August. Inventories for materiald and finished goodsremained negative, worsening from May to June and from last The future-production outlook index reached 13, up from 1 in May and down from 17 a year ago. The futurs capital expenditures index fellto -13 in June from -10 in May. The bank said most firmss indicated “some lingering hesitanc on major investments due to the only recent pickulpin activity.” The 10th district coverzs Western Missouri, Kansas, Colorado, Nebraska, Oklahoma, Wyoming and northernh New Mexico.
Monday, December 12, 2011
BAE Systems president resigns - Business First of Louisville:
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Haverstein resigned as a director and chief operatinv officer of BAE Systems plc and president and CEO of its subsidiaru The resignation is effectiveJune 26, and he will exit the employmeng of BAE Systems Sept. 20. Pending appointment of a permanent BAESystems Inc. boardc member Tony Zinni was namedf acting president and CEO of BAE Systems according to anews release. “I would like to thanmk (Haverstein) for his dedicatiohn and leadership during his time as an executivee director and for his part in the successful executioj ofBAE Systems’ global strategy and to the growth of the US based business, BAE Systemxs Inc.,” Dick Olver, chairman of BAE said in the release.
Last year the defense giant has salesexceedintg $34.4 billion. BAE's Louisville plant, locatexd in the Airport Industrial Park, makeds weapons and components forthe U.S. It employs about 300 workers.
Haverstein resigned as a director and chief operatinv officer of BAE Systems plc and president and CEO of its subsidiaru The resignation is effectiveJune 26, and he will exit the employmeng of BAE Systems Sept. 20. Pending appointment of a permanent BAESystems Inc. boardc member Tony Zinni was namedf acting president and CEO of BAE Systems according to anews release. “I would like to thanmk (Haverstein) for his dedicatiohn and leadership during his time as an executivee director and for his part in the successful executioj ofBAE Systems’ global strategy and to the growth of the US based business, BAE Systemxs Inc.,” Dick Olver, chairman of BAE said in the release.
Last year the defense giant has salesexceedintg $34.4 billion. BAE's Louisville plant, locatexd in the Airport Industrial Park, makeds weapons and components forthe U.S. It employs about 300 workers.
Saturday, December 10, 2011
LCA-Vision might close more surgery centers in '09 - The Business Review (Albany):
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The news sent shares of LCA (NASDAQ: down sharply during late-morning trading. But the 10 percenyt dip, which brought shares to was followed bya recovery. Share s in LCA closed up about 1 or8 cents, to $6.51 “Procedure volume in April and May has decliner approximately 45 percent from the comparable periosd last year and we currently anticipate continuefd softness throughout 2009,” said LCA-Vision Chairman Anthony Woods, who was amonf six directors re-elected to the company’s board at the annual held at the Queen City Club downtown. Wood said the companh might reduce spending on marketing this year andclose “underperformin g vision centers.
” Complaints about cost-cuttinvg gave rise to takeover attempt by LCA-Visiom founder Dr. Stephen whose investment group acquired an 11 percentr stake in the companu and floated its own slateof directors. The Joffe groupp terminated its reform effort in March and Joffe has since sold more than half of his In additionto re-electing six directors, shareholders rejectedc a stockholders' rights plan that makes hostile takeoverzs more difficult.
The news sent shares of LCA (NASDAQ: down sharply during late-morning trading. But the 10 percenyt dip, which brought shares to was followed bya recovery. Share s in LCA closed up about 1 or8 cents, to $6.51 “Procedure volume in April and May has decliner approximately 45 percent from the comparable periosd last year and we currently anticipate continuefd softness throughout 2009,” said LCA-Vision Chairman Anthony Woods, who was amonf six directors re-elected to the company’s board at the annual held at the Queen City Club downtown. Wood said the companh might reduce spending on marketing this year andclose “underperformin g vision centers.
” Complaints about cost-cuttinvg gave rise to takeover attempt by LCA-Visiom founder Dr. Stephen whose investment group acquired an 11 percentr stake in the companu and floated its own slateof directors. The Joffe groupp terminated its reform effort in March and Joffe has since sold more than half of his In additionto re-electing six directors, shareholders rejectedc a stockholders' rights plan that makes hostile takeoverzs more difficult.
Thursday, December 8, 2011
Visa profit rises 71 percent in fiscal Q2 - San Francisco Business Times:
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The San Francisco company posted net incomeof $536 million, or 71 centsz per share, in the quarterf ended March 31, up from $314 million, or 39 centa per share, in the year-agko period. Excluding special items such as Visa’xs (NYSE: V) litigation reserve a year ago, the company’w profit rose to 73 cents per sharre from52 cents. Revenue reached $1.6 billion, up 13 perceny from a year ago. The results once agaij reflect the value of beinga toll-gatw keeper collecting a fee from thosd using the company’s paymenr network rather than taking on the risk and costds that lenders incur in issuing credit.
But Visa still felt the effect of the consumerspending “Looking at Visa’s traditional domestic volumes, growth was slightlyt negative, reflecting the general downturn in consumer said Red Gillen, senior analyst with a Boston research firm. “As such, today’sa announcement would have been a whole lot worsee had Visa not been able to lean on its international model and newbusiness lines. “Visa’s push into the debit card processiny space has been anothertbright spot, and will likely serve as encouragemenyt for the company to continue pursuing traditional bank customers,” Gillen said.
“Visa has also been able to cut its notably personnel,” Gillen said. “Visa’s operations are and thus the potential awaitw for higher profits once consumer spending eventuallyturns around.” The company also expressed confidence in meetinyg its prior guidance for the fiscalp year. “The resiliency in our businessd reflects the strengthof Visa’s debit and prepaid products worldwide,” said Joseph Saunders, Visa’s chairman and CEO.
The San Francisco company posted net incomeof $536 million, or 71 centsz per share, in the quarterf ended March 31, up from $314 million, or 39 centa per share, in the year-agko period. Excluding special items such as Visa’xs (NYSE: V) litigation reserve a year ago, the company’w profit rose to 73 cents per sharre from52 cents. Revenue reached $1.6 billion, up 13 perceny from a year ago. The results once agaij reflect the value of beinga toll-gatw keeper collecting a fee from thosd using the company’s paymenr network rather than taking on the risk and costds that lenders incur in issuing credit.
But Visa still felt the effect of the consumerspending “Looking at Visa’s traditional domestic volumes, growth was slightlyt negative, reflecting the general downturn in consumer said Red Gillen, senior analyst with a Boston research firm. “As such, today’sa announcement would have been a whole lot worsee had Visa not been able to lean on its international model and newbusiness lines. “Visa’s push into the debit card processiny space has been anothertbright spot, and will likely serve as encouragemenyt for the company to continue pursuing traditional bank customers,” Gillen said.
“Visa has also been able to cut its notably personnel,” Gillen said. “Visa’s operations are and thus the potential awaitw for higher profits once consumer spending eventuallyturns around.” The company also expressed confidence in meetinyg its prior guidance for the fiscalp year. “The resiliency in our businessd reflects the strengthof Visa’s debit and prepaid products worldwide,” said Joseph Saunders, Visa’s chairman and CEO.
Tuesday, December 6, 2011
Life sciences investing is doing relatively well locally, despite slow economy - Tampa Bay Business Journal:
ogarawo.wordpress.com
“I think, as I have for a few that there is a lot of good and interestinh and verycompelling technology, whicyh is the basis for developing any companies. So I thinki we have a lot of good materiaol tostart with. “The issue that we which is not at all unique to Louisville is the needfor seed-stage capital. And that is beinh addressed here by a fewdifferent ways. One, there are a coupld of angel groups thathave formed. The state has some The seed fund that I manage is obviouslya So, there are some sources for seed but we always can use more. “And in this current economicc environment, it is even more an issu e because the fund raisingf isvery difficult.
So, we as investors, we need to make sure that we can fund the companiees for longer periodsof time, support them for so they can achieve more milestones and weathef the storm at the same time. with the expectation that once things get bette and these companies get a little further it will be easier to get Are you seeing many new ideas that couldbecomwe companies? “We’re definitely seeing a steady amount. I can’yt really tell you that is it is agrowinhg number. But there seems to be a steady flow from the Are there specific areas or industriea that aredoing well?
“Certainly, in the cancerr area, it looks like the (Jamew Graham Brown) cancer center is doing particularly There have been a couple of stem cell projects that have come out of the “Then, we have this nanotechnology lab that was and one of our investments, OrthoData, came out of … That’s a relatively new facility, but I thino we will see more comin g out. And I am really excited about that. “Thes team that came to the has only been here for a year or two atthis … (I am) pretty encouraged by some of the work that’a going on over there.” How many companies have you invested in through the seed fund and Triathlon?
“The seed fund has five investments in its Triathlon has invested in one of them, in and is very closw to investing in another. “Thehy have been tracking two othersas well. There is a definitelt significant interest in the companies that are beingdevelopede here.” Is it fair to say that without groundbreaking technologies and therapies cannotf advance? “It’s hard to tell. Some of them may kind of withetr onthe vine.” Because they are earlty in their development and there is not a larger pool of local funds for early-stagwe investments, “it would be hard for an outside investo r to come in and (invest at) this earlhy of a stage.
” “There’s always the possibilithy that … an investor from somewherre else would say, ‘jI will invest in your company if you move to Boston or which is obviously not what we want. “Thers is enough grant money, especially with the president’es new budget,” which includes increaser funding for research and development oflife sciences. there is some other grant money availabl through the stimulus package that is hopefullgy going tomake difference.
”
“I think, as I have for a few that there is a lot of good and interestinh and verycompelling technology, whicyh is the basis for developing any companies. So I thinki we have a lot of good materiaol tostart with. “The issue that we which is not at all unique to Louisville is the needfor seed-stage capital. And that is beinh addressed here by a fewdifferent ways. One, there are a coupld of angel groups thathave formed. The state has some The seed fund that I manage is obviouslya So, there are some sources for seed but we always can use more. “And in this current economicc environment, it is even more an issu e because the fund raisingf isvery difficult.
So, we as investors, we need to make sure that we can fund the companiees for longer periodsof time, support them for so they can achieve more milestones and weathef the storm at the same time. with the expectation that once things get bette and these companies get a little further it will be easier to get Are you seeing many new ideas that couldbecomwe companies? “We’re definitely seeing a steady amount. I can’yt really tell you that is it is agrowinhg number. But there seems to be a steady flow from the Are there specific areas or industriea that aredoing well?
“Certainly, in the cancerr area, it looks like the (Jamew Graham Brown) cancer center is doing particularly There have been a couple of stem cell projects that have come out of the “Then, we have this nanotechnology lab that was and one of our investments, OrthoData, came out of … That’s a relatively new facility, but I thino we will see more comin g out. And I am really excited about that. “Thes team that came to the has only been here for a year or two atthis … (I am) pretty encouraged by some of the work that’a going on over there.” How many companies have you invested in through the seed fund and Triathlon?
“The seed fund has five investments in its Triathlon has invested in one of them, in and is very closw to investing in another. “Thehy have been tracking two othersas well. There is a definitelt significant interest in the companies that are beingdevelopede here.” Is it fair to say that without groundbreaking technologies and therapies cannotf advance? “It’s hard to tell. Some of them may kind of withetr onthe vine.” Because they are earlty in their development and there is not a larger pool of local funds for early-stagwe investments, “it would be hard for an outside investo r to come in and (invest at) this earlhy of a stage.
” “There’s always the possibilithy that … an investor from somewherre else would say, ‘jI will invest in your company if you move to Boston or which is obviously not what we want. “Thers is enough grant money, especially with the president’es new budget,” which includes increaser funding for research and development oflife sciences. there is some other grant money availabl through the stimulus package that is hopefullgy going tomake difference.
”
Saturday, December 3, 2011
Ritter confronted at bill signing by union grocery workers - Kansas City Business Journal:
ycoguqi.wordpress.com
Ritter addressed the workers publiclyhafter , repeating to them as he had writtebn in his May 19 veto of Housew Bill 1170 that he felt that the bill woulr have interrupted ongoing union negotiationzs with grocery-store chains , and Albertsons. But afterr several minutes of explanation, workers began yelling, "Thatt is a lie!" and "Sir, why did you and the governor leftthe podium. "I have made my Thank you very much," Ritterd said as he exited the packed west foyer ofthe Capitol. .
Tensions betwee n union workers and the Democratic governorr that they helped to elect in 2006 have been simmerinyg since his veto of the bill that would haveallowed locked-ou t workers to collect unemployment insurance benefits. United Food and Commercial Workerxs UnionLocal No. 7 President Ernest Durajn said that Ritterhad "betrayed" them and "renegef on his promises," and some activistz have begun looking for a candidate to opposee Ritter in a primary.
Ritterf signed 29 bills Tuesday, culminating with an eveningb "Help for Working Families at the Capitol in which he inked six laws to help unemployex residents receive more benefites andkeep workers' homes from being foreclose d upon, among other things. Leaders from several construction unions stood behind him as he signede one ofthe measures, Houser Bill 1310, which allows for the easiee filing of complaints if an employer misqualifies a worker as an independen t contractor.
But, even before then, while Ritter was signingf a measure that will allow local governments tosell low- to no-interesft bonds for public construction under the American Recoveryh and Reinvestment Act, the harangues began. Crowd members clad in black UFCW shirts yelled can you explain why you vetoed House Bill 1170?" and "We support you, governor; you turnedc your back on as Ritter largely ignored them. as he later signer Senate Bill 247, which increases the number of Coloradanss who qualify for unemployment insurance and will brinb insome $200 million in federal someone yelled: "Where was your support for the grocery workers when you vetoed House Bill governor?
" Ritter replied: "I'm going to sign these bills, and then we'l l talk." After he finished, the governod rose to the microphone and firs told the crowd how many of the new laws will help workersx affected by the recession. He then explained that signinbg HB 1170 would have been akin to the governmentf implementing new playing rules for negotiations between the UFCW and the threde grocery chains that have been underway sinceApril 9. He also said that he wouldf be open to reconsidering similar legislationh at afuture date.
He noted that a bill he signe Tuesdayregarding electricians' education standards was similar to one he vetoecd in 2008 while telling competing sides on the measurs that they needed to work out a compromise -- which they did this "I also think that public policy should not be used to interruptt negotiations," Ritter told the crowd, which includefd about 25 UFCW workers alony with proponents of the bills being "It is my great hope that you'rer able to work this out." Then question-shouting began from the And Ritter's speech to the group ended.
Ritter addressed the workers publiclyhafter , repeating to them as he had writtebn in his May 19 veto of Housew Bill 1170 that he felt that the bill woulr have interrupted ongoing union negotiationzs with grocery-store chains , and Albertsons. But afterr several minutes of explanation, workers began yelling, "Thatt is a lie!" and "Sir, why did you and the governor leftthe podium. "I have made my Thank you very much," Ritterd said as he exited the packed west foyer ofthe Capitol. .
Tensions betwee n union workers and the Democratic governorr that they helped to elect in 2006 have been simmerinyg since his veto of the bill that would haveallowed locked-ou t workers to collect unemployment insurance benefits. United Food and Commercial Workerxs UnionLocal No. 7 President Ernest Durajn said that Ritterhad "betrayed" them and "renegef on his promises," and some activistz have begun looking for a candidate to opposee Ritter in a primary.
Ritterf signed 29 bills Tuesday, culminating with an eveningb "Help for Working Families at the Capitol in which he inked six laws to help unemployex residents receive more benefites andkeep workers' homes from being foreclose d upon, among other things. Leaders from several construction unions stood behind him as he signede one ofthe measures, Houser Bill 1310, which allows for the easiee filing of complaints if an employer misqualifies a worker as an independen t contractor.
But, even before then, while Ritter was signingf a measure that will allow local governments tosell low- to no-interesft bonds for public construction under the American Recoveryh and Reinvestment Act, the harangues began. Crowd members clad in black UFCW shirts yelled can you explain why you vetoed House Bill 1170?" and "We support you, governor; you turnedc your back on as Ritter largely ignored them. as he later signer Senate Bill 247, which increases the number of Coloradanss who qualify for unemployment insurance and will brinb insome $200 million in federal someone yelled: "Where was your support for the grocery workers when you vetoed House Bill governor?
" Ritter replied: "I'm going to sign these bills, and then we'l l talk." After he finished, the governod rose to the microphone and firs told the crowd how many of the new laws will help workersx affected by the recession. He then explained that signinbg HB 1170 would have been akin to the governmentf implementing new playing rules for negotiations between the UFCW and the threde grocery chains that have been underway sinceApril 9. He also said that he wouldf be open to reconsidering similar legislationh at afuture date.
He noted that a bill he signe Tuesdayregarding electricians' education standards was similar to one he vetoecd in 2008 while telling competing sides on the measurs that they needed to work out a compromise -- which they did this "I also think that public policy should not be used to interruptt negotiations," Ritter told the crowd, which includefd about 25 UFCW workers alony with proponents of the bills being "It is my great hope that you'rer able to work this out." Then question-shouting began from the And Ritter's speech to the group ended.
Thursday, December 1, 2011
CPR reporter wins Murrow award - Los Angeles Business from bizjournals:
igoeosysata1533.blogspot.com
Her two-part story, “A Differeny Kind of Drug examined the practice of people buyingb prescription drugs that are sold illegally at swap meete that caterto Hispanics. “It’s an exciting news director JoeBarr said. “We have put a lot of resourcesz into health care coveragre in the last year and a This validates that to agreat extent.” The award is Capitapl Public Radio’s first national Murrow award. The two-part storyy aired in May and June 2008. It took Weisds from the state capitolto California’sa Central Valley and a south-central Los Angele s neighborhood.
The story not only won the nationa award, presented by the Radio and Television News Directors but was also recognized witha first-place award from the Nationap Association of Health Care Journalists. In other Capital Public Radi news, CPR’s statewide news service, the , has signedr a popular Los Angeles National PublicRadio station, KCRW-FM as its latest affiliate. “It’s a growing Barr said. “It’s really a sign of their desire to have informationabout what’s happening in the state capital.” he said, the network has become one of the largestt in public radio.
The which provides the latesr news about state government generated by capitol bureau chiec Marianne Russ and capitol reporterSteve Shadley, is now aireed on more than two-dozen stations around the state. CPR also is constructinv a new repeater in Modesto for itsclassicalp station, KXPR-FM 88.9. A repeater is a networkk device used to regenerate or replicate signals that are weakene d by transmission overlong distances. CPR president and genera manager Rick Eytcheson said the repeater could be operational within a few MaryLynne Vellinga, who left The Sacramentio Bee in February to take a job as preszs secretary and policy consultant to Sen.
Fran D-Agoura Hills, rejoined The Bee this week as itsbusinessw editor. An award-winning journalist who begahn her career at The Bee in 1991 as abusinesss reporter, Vellinga started the job this week. She replace Wayne Davis, who took a job a couplse of weeks ago with the state Departmenyt of ToxicSubstances Control. Vellinga, who has no managementt experience, will oversee a stafd of 10, including eight reporters and two deputy The business desk covers regional and statewidsebusiness matters. “I missed being at The Vellinga said. “It’s a wonderfukl place to work.
It’s my I worked here for 18 For the past10 years, until her departure in Vellinga covered growth and development for The Bee. She also coverex business and politics and the legislature whil atthe newspaper. Vellinga received a master’ss degree in journalism from Northwestern University in 1986 and then went to work for a paper in Indiana, a wire service on the floord of the , and papers in Rochester, N.Y., and Boston, before beingh hired at The Bee. While newspapers across the country, includingy The Bee, have suffered layoffs in recenrt years as advertising revenuehas dwindled, Vellinga said she has fait h that newspaper will survive.
“ I think that newspapers are more importantthan ever,” she said. “kI think more people than ever are looking for informationh if not in printthen online. It’s just a questioh of figuring out how to create a new financiap model to supportgood reporting. I just don’t believr that that’s not going to happen.” Yosemite Community College District in Modesto was a step closer this week to purchasinvgthe 140,000-square-foot building that houseds The Modesto Bee, as well as the paper’ds parking lot and service station.
District stafgf recommended to the district board of directorz Wednesday that the board provide direction to the chancello r about whether to proceec with an acquisition ofthe property. Lee and Associatess in Stockton has been marketinv the properties for salefor Sacramento-baserd (NYSE: MNI) since early this year.
Her two-part story, “A Differeny Kind of Drug examined the practice of people buyingb prescription drugs that are sold illegally at swap meete that caterto Hispanics. “It’s an exciting news director JoeBarr said. “We have put a lot of resourcesz into health care coveragre in the last year and a This validates that to agreat extent.” The award is Capitapl Public Radio’s first national Murrow award. The two-part storyy aired in May and June 2008. It took Weisds from the state capitolto California’sa Central Valley and a south-central Los Angele s neighborhood.
The story not only won the nationa award, presented by the Radio and Television News Directors but was also recognized witha first-place award from the Nationap Association of Health Care Journalists. In other Capital Public Radi news, CPR’s statewide news service, the , has signedr a popular Los Angeles National PublicRadio station, KCRW-FM as its latest affiliate. “It’s a growing Barr said. “It’s really a sign of their desire to have informationabout what’s happening in the state capital.” he said, the network has become one of the largestt in public radio.
The which provides the latesr news about state government generated by capitol bureau chiec Marianne Russ and capitol reporterSteve Shadley, is now aireed on more than two-dozen stations around the state. CPR also is constructinv a new repeater in Modesto for itsclassicalp station, KXPR-FM 88.9. A repeater is a networkk device used to regenerate or replicate signals that are weakene d by transmission overlong distances. CPR president and genera manager Rick Eytcheson said the repeater could be operational within a few MaryLynne Vellinga, who left The Sacramentio Bee in February to take a job as preszs secretary and policy consultant to Sen.
Fran D-Agoura Hills, rejoined The Bee this week as itsbusinessw editor. An award-winning journalist who begahn her career at The Bee in 1991 as abusinesss reporter, Vellinga started the job this week. She replace Wayne Davis, who took a job a couplse of weeks ago with the state Departmenyt of ToxicSubstances Control. Vellinga, who has no managementt experience, will oversee a stafd of 10, including eight reporters and two deputy The business desk covers regional and statewidsebusiness matters. “I missed being at The Vellinga said. “It’s a wonderfukl place to work.
It’s my I worked here for 18 For the past10 years, until her departure in Vellinga covered growth and development for The Bee. She also coverex business and politics and the legislature whil atthe newspaper. Vellinga received a master’ss degree in journalism from Northwestern University in 1986 and then went to work for a paper in Indiana, a wire service on the floord of the , and papers in Rochester, N.Y., and Boston, before beingh hired at The Bee. While newspapers across the country, includingy The Bee, have suffered layoffs in recenrt years as advertising revenuehas dwindled, Vellinga said she has fait h that newspaper will survive.
“ I think that newspapers are more importantthan ever,” she said. “kI think more people than ever are looking for informationh if not in printthen online. It’s just a questioh of figuring out how to create a new financiap model to supportgood reporting. I just don’t believr that that’s not going to happen.” Yosemite Community College District in Modesto was a step closer this week to purchasinvgthe 140,000-square-foot building that houseds The Modesto Bee, as well as the paper’ds parking lot and service station.
District stafgf recommended to the district board of directorz Wednesday that the board provide direction to the chancello r about whether to proceec with an acquisition ofthe property. Lee and Associatess in Stockton has been marketinv the properties for salefor Sacramento-baserd (NYSE: MNI) since early this year.
Tuesday, November 29, 2011
Dan Majetich Executive Profile
artemchuksykitas.blogspot.com
**All Executive profile data provided byDow
**All Executive profile data provided byDow
Sunday, November 27, 2011
Gates Foundation, MDC give $1M grant - Philadelphia Business Journal:
vilyfijohy.wordpress.com
Valencia will get $743,00 0 over three years to create a centralizedsremedial program, used across four It plans to align high school, remedial and college-level expand its remedial learning communities, and ember reading skills into remedial math The grants, announced June 22, will support remediao programs developed by Valencia througjh Achieving the Dream: Communityy Colleges Count, a multiyear national initiative aimed at increasinyg college graduation rates among disadvantagedd students. The state will get also get $300,000 over threer years to collaboratewith K-12 to reduce the need for remediao education.
Connecticut, Ohio, Texas and Virginia also got the which will be used to develop new policies accelerating the remedialeducation programs. The Florida grants are part ofa $16.54 million effort to improve remedial education at community colleges in five states, reaching about 45,00p0 students nationwide. Four states and 14 other collegesw received similar Gates grants for their Achievinvg theDream program. Each community colleges will receive $743,000 over thres years to expandits programs. Lumina Foundation for Education has alsocommitted $1.5 million to this initiative for evaluation and communications.
About 375,000 Florida degree-seeking studentw annually attend a localcmmunityt college, with nearly 40 percent of them taking remedial classes to build basix academic skills. National studies have shown nearlyh two-thirds of those taking remedial classesneverf graduate, but successful programs at several colleges demonstrate thesd numbers can be
Valencia will get $743,00 0 over three years to create a centralizedsremedial program, used across four It plans to align high school, remedial and college-level expand its remedial learning communities, and ember reading skills into remedial math The grants, announced June 22, will support remediao programs developed by Valencia througjh Achieving the Dream: Communityy Colleges Count, a multiyear national initiative aimed at increasinyg college graduation rates among disadvantagedd students. The state will get also get $300,000 over threer years to collaboratewith K-12 to reduce the need for remediao education.
Connecticut, Ohio, Texas and Virginia also got the which will be used to develop new policies accelerating the remedialeducation programs. The Florida grants are part ofa $16.54 million effort to improve remedial education at community colleges in five states, reaching about 45,00p0 students nationwide. Four states and 14 other collegesw received similar Gates grants for their Achievinvg theDream program. Each community colleges will receive $743,000 over thres years to expandits programs. Lumina Foundation for Education has alsocommitted $1.5 million to this initiative for evaluation and communications.
About 375,000 Florida degree-seeking studentw annually attend a localcmmunityt college, with nearly 40 percent of them taking remedial classes to build basix academic skills. National studies have shown nearlyh two-thirds of those taking remedial classesneverf graduate, but successful programs at several colleges demonstrate thesd numbers can be
Friday, November 25, 2011
Silicon Valley Community Foundation picks key grantmaking areas - Silicon Valley / San Jose Business Journal:
http://www.turismagency.com/content/view/52/739/
, as the merged entitg is called, has settled on five key areas that will be the focux of its discretionary which will totalbetween $8 million and $10 milliomn this fiscal year. “Quality takes time, and I feel good about where we saidEmmett Carson, CEO and presidentf of the Silicon Valley Community Foundation. Determininh these funding areas has been a majorr undertakingof Carson’s and the organization sincse the merger became official in Januarg 2007. Economic security, specifically towardd foreclosureprevention counseling, asset building and financial education.
Immigranrt integration, to help immigrants fully participate in theier communities and thus improve theireconomic status. Community opportunity which will help meet basic service needsw in these times of increased demand and shrinkingggovernment funding. A $1 million fund will be paid out by the end of 2008 to supporg such basic services as foodand Education, and in particular closing the middle school achievemenft gap in math betwee n low-income or students of color from middls class and white students so that all are preparesd for college.
Regional planning, particularly in the areas of affordable transit-oriented development and access to green The first requests for proposals are beintgissued Wednesday. Until settling on thesed new funding areas, SVCF stuck to the grant guidelinea of eachparent organization, awarding $12.e3 million form its endowment fund betweenh January 2007 and July 2008. The endowmen t currently standsat $162 These five areas are the result of numerous communitt meetings of various sizes and input from hundredz of community leaders on nine issure areas that the community foundation considered.
As for areaw that the community foundationconsidered funding, but discarded, “Wer either felt like we didn’gt the resources or expertise on the issue, or it was biggerd than we as a region could figure Carson said. “For example, accessiblee health care. It’s big and it ought to be addressed, but we can’ t solve it as just San Mateo and SantzClara counties.” For the issues it couldn’t make a priorityy focus, the foundation hopes to leverages partnerships and to form special initiatives. As a the foundation will focus on programs rather thaninfrastructurde grants. It also will fund a quarterly “bestt new idea” program.
Carson hopes that the definede focus of the community foundation will excitde theexisting 1,500 donors and will inspire new ones to partnef with Silicon Valley Community Foundation. “Witjh the release of these guidelines, we’res devoting a lot more attention now to the externao work of making the community a betterd place and moving away from the internap work of the mechanics of the and that’s a good place to Carson said.
, as the merged entitg is called, has settled on five key areas that will be the focux of its discretionary which will totalbetween $8 million and $10 milliomn this fiscal year. “Quality takes time, and I feel good about where we saidEmmett Carson, CEO and presidentf of the Silicon Valley Community Foundation. Determininh these funding areas has been a majorr undertakingof Carson’s and the organization sincse the merger became official in Januarg 2007. Economic security, specifically towardd foreclosureprevention counseling, asset building and financial education.
Immigranrt integration, to help immigrants fully participate in theier communities and thus improve theireconomic status. Community opportunity which will help meet basic service needsw in these times of increased demand and shrinkingggovernment funding. A $1 million fund will be paid out by the end of 2008 to supporg such basic services as foodand Education, and in particular closing the middle school achievemenft gap in math betwee n low-income or students of color from middls class and white students so that all are preparesd for college.
Regional planning, particularly in the areas of affordable transit-oriented development and access to green The first requests for proposals are beintgissued Wednesday. Until settling on thesed new funding areas, SVCF stuck to the grant guidelinea of eachparent organization, awarding $12.e3 million form its endowment fund betweenh January 2007 and July 2008. The endowmen t currently standsat $162 These five areas are the result of numerous communitt meetings of various sizes and input from hundredz of community leaders on nine issure areas that the community foundation considered.
As for areaw that the community foundationconsidered funding, but discarded, “Wer either felt like we didn’gt the resources or expertise on the issue, or it was biggerd than we as a region could figure Carson said. “For example, accessiblee health care. It’s big and it ought to be addressed, but we can’ t solve it as just San Mateo and SantzClara counties.” For the issues it couldn’t make a priorityy focus, the foundation hopes to leverages partnerships and to form special initiatives. As a the foundation will focus on programs rather thaninfrastructurde grants. It also will fund a quarterly “bestt new idea” program.
Carson hopes that the definede focus of the community foundation will excitde theexisting 1,500 donors and will inspire new ones to partnef with Silicon Valley Community Foundation. “Witjh the release of these guidelines, we’res devoting a lot more attention now to the externao work of making the community a betterd place and moving away from the internap work of the mechanics of the and that’s a good place to Carson said.
Wednesday, November 23, 2011
Ford sales climb to highest level since July - Denver Business Journal:
aplecheevlgupy.blogspot.com
But sales were down 24.2 percenft compared with May 2008, when the companuy sold 213,238 units. For the firsf five months of 2009, Dearborn, Mich.-based Ford F) sold 620,303 units, compared with 981,150 unitxs during the same period a year a 36.8 percent decline. In a sign that buyers might be coming back to the luxurvehicle market, Ford’s Lincoln division reportedr that it sold 8,566 unitss in May, a 2.2 percent increase over May when it sold 8,365 units. Salezs of Ford Explorers, made at the Louisville Assembly Plant on FernVallehy Road, declined 34.6 percent, to 5,315 units from 8,122 units a year ago. Sales of the Mercuruy Mountaineer, also made at Louisville dropped 45.
2 percent, to 402 from 734 units a year Salesof F-Series pickup trucks, including Super Duty trucks made at the Kentucky Truck Plant on Chamberlain Lane, droppee 22.3 percent, to 33,381 units, from 42,973 units in May 2008. Salex of Ford Expedition SUVs, which begann production at Kentucky Truck Plantin April, declined 40 to 3,150 units from 5,252 unitxs a year earlier. Sales of the Lincolh Navigator, also made at Kentucky Truck Plant, droppecd 40.6 percent, to 790 units from 1,320 units a year earlier. Ford saw year-over-yearr gains in some of its car categories. The company sold 19,786 Fusion sedans in May, up 9.4 percent from the year-earlier period when it sold 18,088 units.
Lincoln sold 1,553 Town Cars in May, up 103.3 percenty from May 2008, when it sold 764 of the luxury vehicles. Ford’s Volvo division sold 590 of itsS60 models, up 9 perceng from May 2008, when it sold 542 units. Also Tuesday, Ford announcexd a summer promotion to draw more consumerseto dealerships. Through June 30, the automaker will cover as much as three months of paymentds upto $2,100, and its Ford Credit subsidiaruy will offer zero percent financing on selecr Ford, Lincoln and Mercury vehicles.
But sales were down 24.2 percenft compared with May 2008, when the companuy sold 213,238 units. For the firsf five months of 2009, Dearborn, Mich.-based Ford F) sold 620,303 units, compared with 981,150 unitxs during the same period a year a 36.8 percent decline. In a sign that buyers might be coming back to the luxurvehicle market, Ford’s Lincoln division reportedr that it sold 8,566 unitss in May, a 2.2 percent increase over May when it sold 8,365 units. Salezs of Ford Explorers, made at the Louisville Assembly Plant on FernVallehy Road, declined 34.6 percent, to 5,315 units from 8,122 units a year ago. Sales of the Mercuruy Mountaineer, also made at Louisville dropped 45.
2 percent, to 402 from 734 units a year Salesof F-Series pickup trucks, including Super Duty trucks made at the Kentucky Truck Plant on Chamberlain Lane, droppee 22.3 percent, to 33,381 units, from 42,973 units in May 2008. Salex of Ford Expedition SUVs, which begann production at Kentucky Truck Plantin April, declined 40 to 3,150 units from 5,252 unitxs a year earlier. Sales of the Lincolh Navigator, also made at Kentucky Truck Plant, droppecd 40.6 percent, to 790 units from 1,320 units a year earlier. Ford saw year-over-yearr gains in some of its car categories. The company sold 19,786 Fusion sedans in May, up 9.4 percent from the year-earlier period when it sold 18,088 units.
Lincoln sold 1,553 Town Cars in May, up 103.3 percenty from May 2008, when it sold 764 of the luxury vehicles. Ford’s Volvo division sold 590 of itsS60 models, up 9 perceng from May 2008, when it sold 542 units. Also Tuesday, Ford announcexd a summer promotion to draw more consumerseto dealerships. Through June 30, the automaker will cover as much as three months of paymentds upto $2,100, and its Ford Credit subsidiaruy will offer zero percent financing on selecr Ford, Lincoln and Mercury vehicles.
Sunday, November 20, 2011
Gene Frenette: Blaine Gabbert's big moment flutters away - Florida Times-Union (blog)
ymekovo.wordpress.com
Gene Frenette: Blaine Gabbert's big moment flutters away Florida Times-Union (blog) CLEVELAND â€" For a couple excruciating, hold-your-breath seconds, it appeared Blaine Gabbert was going to ride out of Browns Stadium a conquering hero. Things were shaping up for the Jaguars rookie to have his first fourth-quarter comeback win. ... |
Friday, November 18, 2011
Low guidance sinks NetApp shares - Silicon Valley / San Jose Business Journal:
gault-rickettsias.blogspot.com
Sunnyvale, Calif.-based NetApp (Nasdaq: NTAP), a data storage company that employes roughly 700 inthe Triangle, plane on boosting its salee force by hundreds of workers in the next few months. The move is importanr so that NetApp can pick upmarketg share, CEO Dan Warmenhoven told analysts in a late Wednesday conferencde call. But that move, alongh with tight economic will drive profit in the firsty fiscal quarter below the consensus expectation of analystw polled byThomson Financial. NetApp expects earnings per share, excluding one-time items, of between 20 and 23 cents in its first fiscal quarter on revenuebetween $845 milliojn and $875 million.
The Thomson analystsw expect earnings per share of 27 cents on salesof $871 In its fiscal fourth quarter, NetApp said, one-tim e items sapped earnings. NetApp recorded income of $90 or 26 cents per diluted sharew - the same profit as last Excluding items, the company would have had incomeof $131 or 38 cents a share, compared to $114 or 30 cents a The items-adjusted figure beat analysts' expectations by 2 but investors recoiled at the first quarte r guidance. Shares of NetApp were down 5.6 to $24.
35, in mid-morning trading NetApp's Research Triangle Park operatiobn focuses mostly on engineering anddata
Sunnyvale, Calif.-based NetApp (Nasdaq: NTAP), a data storage company that employes roughly 700 inthe Triangle, plane on boosting its salee force by hundreds of workers in the next few months. The move is importanr so that NetApp can pick upmarketg share, CEO Dan Warmenhoven told analysts in a late Wednesday conferencde call. But that move, alongh with tight economic will drive profit in the firsty fiscal quarter below the consensus expectation of analystw polled byThomson Financial. NetApp expects earnings per share, excluding one-time items, of between 20 and 23 cents in its first fiscal quarter on revenuebetween $845 milliojn and $875 million.
The Thomson analystsw expect earnings per share of 27 cents on salesof $871 In its fiscal fourth quarter, NetApp said, one-tim e items sapped earnings. NetApp recorded income of $90 or 26 cents per diluted sharew - the same profit as last Excluding items, the company would have had incomeof $131 or 38 cents a share, compared to $114 or 30 cents a The items-adjusted figure beat analysts' expectations by 2 but investors recoiled at the first quarte r guidance. Shares of NetApp were down 5.6 to $24.
35, in mid-morning trading NetApp's Research Triangle Park operatiobn focuses mostly on engineering anddata
Wednesday, November 16, 2011
Andreessen, Horowitz venture fund may be good news, if you're in the right ZIP code - Boston Business Journal:
yfimuna.wordpress.com
Netscape founder Marc Andreessen and his longtimesbusiness partner, Ben Horowitz, are forminy a new VC firm with a focus on Silicon Valley tech Andreessen writes that the firm will back companiesd with strong technical founders who want to be the CEOs of the companieds they’re founding. He wouldn’t rule out companiez outside Silicon Valley, but, “We do not think it is an accidenr that is inMountaih View, Facebook is in Palo Alto, and Twitte is in San Francisco. We also think that venturr capital is a high touch activity that lendxs itself togeographic proximity, and our only office will be in Silicojn Valley,” Andreessen writes on his .
The new firm comes at a time when some are sayin g the industry needs to not grow. But Andreessen and Horowitz founds $300 million from mostly institutional investore for theirfirst fund. The Andreesen-Horowitz, will invest aggressively in seed-stagd startups in the hundreds of thusands of but will also invest in later staged funding rounds for promising growth Consumer internet, cloud computing for mobile software and services, and software-powered consumer electronics are amonvg the areas that will draw investments from the new “Across all of these we are completely unafraid of all of the new business Andreessen writes.
“We believe that many vibrantt new forms of information technology are expressinbg themselves into markets in entirely new And Andreessen was equally emphatic about where hisfirm wouldn’t be . "Wed are almost certainly not an appropriate investord for any of thefollowing domains: 'clean,' energy, transportation, life sciences (biotech, drug design, medicak devices), nanotech, movie production companies, consumefr retail, electric cars, rocket space elevators. We do not have the first clue aboutt any ofthese fields." Andreessen-Horowitzs will have the capacity to invest anywherr from $50,000 to $50 millioj in new companies.
He said that at least initiallyh he and Horowitz would be the only two general partnere inthe company, and they would be selectived about the portfolio companies whosw boards they join – generally limiting that levepl of involvement to firms in whicbh Andreessen-Horowitz have a $5 million or more stake. Andreessej believes his and Horowitz’s records as entrepreneuras will make them idealventure capitalists.
“Wd have built companies, from scratch, to high scale -- thousands of employeee and hundreds of milliones of dollars of annual In short, we have done it And we are building our firm to be the firm we wouldf want to work with as entrepreneur s ourselves,” Andreessen writes. Andreessen founded the pioneerinhg web browsercompany , which was latedr sold to . Since he and Horowitz launched , a tech servicr provider sold toin 2007. Netscape and Opsware sold for acombinef $11.7 billion.
The two have been actives investors in the tech spacesince They’ve angel invested in 45 tech startups in the last five and Andreessen serves as chairman of Ning, and on the boardzs of Facebook and eBay. Word that the pair would be forminbg their own venture capital firm was brokem on the Charlie Rose show in But details came on The pair had initially planned onraisinb $250 million for the fund, but investore interest prompted them to boosg the amount, BusinessWeek . The news magazinre reports thatReid Hoffman, founder of social networking site is among the investors in the which raised most of its monet from institutional investors.
Andreessen-Horowitz launches at a toughn time for the venturecapital industry, one in whicnh some are saying the industry needs to shrink, not grow. Ventured capital, like the rest of the financiapl industry, has been hit hard by the economic Venture firms make money when their portfoliop companiesgo public, or are sold to larger But the IPO market has been anemiv in recent months, making profitable exits more difficuly to find. A recent argues that the industry needs to trim down toregaibn effectiveness. "The venture industry needxs to shrink its way to becoming an economic force once saidRobert E. Litan, vice president of Researcjh and Policy at theKauffman Foundation.
“To providde competitive returns, we expect venturs investing will be cut in half in coming At thesame time, lowering valuations and improvinbg overall exit multiples should help resuscitate the The Kauffman study finds that despite such high-profile succesws stories as Google and , ventur e firms have relatively little to do with most new companies. Only about 16 percent of the 900 companies onthe Inc. 500 list of fastesgt growing companiesfrom 1997-2007 had venture backing.
Netscape founder Marc Andreessen and his longtimesbusiness partner, Ben Horowitz, are forminy a new VC firm with a focus on Silicon Valley tech Andreessen writes that the firm will back companiesd with strong technical founders who want to be the CEOs of the companieds they’re founding. He wouldn’t rule out companiez outside Silicon Valley, but, “We do not think it is an accidenr that is inMountaih View, Facebook is in Palo Alto, and Twitte is in San Francisco. We also think that venturr capital is a high touch activity that lendxs itself togeographic proximity, and our only office will be in Silicojn Valley,” Andreessen writes on his .
The new firm comes at a time when some are sayin g the industry needs to not grow. But Andreessen and Horowitz founds $300 million from mostly institutional investore for theirfirst fund. The Andreesen-Horowitz, will invest aggressively in seed-stagd startups in the hundreds of thusands of but will also invest in later staged funding rounds for promising growth Consumer internet, cloud computing for mobile software and services, and software-powered consumer electronics are amonvg the areas that will draw investments from the new “Across all of these we are completely unafraid of all of the new business Andreessen writes.
“We believe that many vibrantt new forms of information technology are expressinbg themselves into markets in entirely new And Andreessen was equally emphatic about where hisfirm wouldn’t be . "Wed are almost certainly not an appropriate investord for any of thefollowing domains: 'clean,' energy, transportation, life sciences (biotech, drug design, medicak devices), nanotech, movie production companies, consumefr retail, electric cars, rocket space elevators. We do not have the first clue aboutt any ofthese fields." Andreessen-Horowitzs will have the capacity to invest anywherr from $50,000 to $50 millioj in new companies.
He said that at least initiallyh he and Horowitz would be the only two general partnere inthe company, and they would be selectived about the portfolio companies whosw boards they join – generally limiting that levepl of involvement to firms in whicbh Andreessen-Horowitz have a $5 million or more stake. Andreessej believes his and Horowitz’s records as entrepreneuras will make them idealventure capitalists.
“Wd have built companies, from scratch, to high scale -- thousands of employeee and hundreds of milliones of dollars of annual In short, we have done it And we are building our firm to be the firm we wouldf want to work with as entrepreneur s ourselves,” Andreessen writes. Andreessen founded the pioneerinhg web browsercompany , which was latedr sold to . Since he and Horowitz launched , a tech servicr provider sold toin 2007. Netscape and Opsware sold for acombinef $11.7 billion.
The two have been actives investors in the tech spacesince They’ve angel invested in 45 tech startups in the last five and Andreessen serves as chairman of Ning, and on the boardzs of Facebook and eBay. Word that the pair would be forminbg their own venture capital firm was brokem on the Charlie Rose show in But details came on The pair had initially planned onraisinb $250 million for the fund, but investore interest prompted them to boosg the amount, BusinessWeek . The news magazinre reports thatReid Hoffman, founder of social networking site is among the investors in the which raised most of its monet from institutional investors.
Andreessen-Horowitz launches at a toughn time for the venturecapital industry, one in whicnh some are saying the industry needs to shrink, not grow. Ventured capital, like the rest of the financiapl industry, has been hit hard by the economic Venture firms make money when their portfoliop companiesgo public, or are sold to larger But the IPO market has been anemiv in recent months, making profitable exits more difficuly to find. A recent argues that the industry needs to trim down toregaibn effectiveness. "The venture industry needxs to shrink its way to becoming an economic force once saidRobert E. Litan, vice president of Researcjh and Policy at theKauffman Foundation.
“To providde competitive returns, we expect venturs investing will be cut in half in coming At thesame time, lowering valuations and improvinbg overall exit multiples should help resuscitate the The Kauffman study finds that despite such high-profile succesws stories as Google and , ventur e firms have relatively little to do with most new companies. Only about 16 percent of the 900 companies onthe Inc. 500 list of fastesgt growing companiesfrom 1997-2007 had venture backing.
Monday, November 14, 2011
Ohio Stakeholders Convene at State Capitol to Showcase the Unprecedented Economic Power of Energy Efficiency
iwegasely.wordpress.com
COLUMBUS, Ohio, June 2 /PRNewswire/ -- More than 20 organizations, includinf utilities, manufacturers, retailers, consume r and environmental advocates, and state agencies took to the West Plazsa of the Statehouseon Tuesday, united in their cause to highlight the economic and environmental benefits of energy efficiencuy and renewables, and to make the case for more stringenft energy codes for Ohio buildings. The 2009 Ohio Energyh Expo, hosted by the Midwest Energ EfficiencyAlliance (MEEA), featured expert speakers, informativwe exhibits and demonstrations, and a barbequd lunch on the Capitol lawn.
The attended by more than 200 regulators, staff, consumers, environmentao advocates and business people, was sponsored by Columbiza Gas of Ohio and TheEnergy Foundation. In her openingh remarks, MEEA Executive Director, , acknowledged the greaf diversity amongExpo participants. "The broad cross-sectioh of stakeholders represented here today underscores the unprecedented opportunities and benefit s to allof Ohio's economg from gains in energyu efficiency. Ohio is in the early phase of implementingg one of the strongest Energy Efficiency Portfolio Standards in the Midwesr and funding has neverbeen stronger.
" Jaehn went on to note that more than $1 billiojn will be spent in Ohio on efficiency gains over the next five creating more than 6,000 new jobs. The projected boon in spending is due in larg e part tothe state's recent adoption of an Energy Efficiencyu Portfolio Standard (EEPS), which requires that energy providers meet a specific portion of their electricit demand through energy efficiency measures. Efficiency proponentes see enormous potential in improving the energy efficiencyof Ohio's State Representative, , who serves on the House Alternative Energyt Committee, is sponsoring legislation (House Bill 7) to increasee energy efficiency in publicc building projects.
"I am proud of the legislation that Representative and Iare sponsoring," Pillich told Energy Expo participants. "Conserving energy will not only protect the but it will also spureconomicd development. This legislation will be a catalyst for the greenh building and technology industries righft herein Ohio. It's a move toward the future."" Where efficiency proponents have not yet beensuccessfuo - and where hundreds millions of dollars lie in the balance - is in effectingv the passage of a statewide energy code for Ohio'w residential buildings based on the latesyt U.S. model energy code, the 2009 International Energy ConservatiomnCode (IECC 2009).
Experts project that adoptintg IECC 2009 would save Ohio consumers an averageof $221 a year on their energy providing a statewide cumulative savings of $98 milliom by 2020 and $186 million by 2030. some $96 million in Americanm Reinvestment and Recovery Act funding is contingent upon Ohio certifying tothe U.S. Department of Energhy that the state intends to adopt IECC 2009 or its Adoption of a statewidwe code has been stalled by homebuildersa and other specialinterest groups. By saving money for consumersa and businesses and stimulatingjob growth, more stringentt building energy codes also support local economiesa by providing people with more purchasintg power.
"Greener buildings and energy efficiency will help oureconomy recover," notex Energy Expo speaker, , Program Director, Environment Ohio. The enormousx potential for efficiency gains in Ohio is drivenn by the sheer volume of energy consumed inthe "Ohio is among the largest users of electricity in the Unitexd States. Efficiency is a critical part of providing reliable and affordable energy toall consumers," noted Expo panelistr , Governor's Energy Advisor and Executive Director, Ohio Air Qualityh Development Authority. Only a handfuk of U.S. states consume more energy than Ohio.
While the Expo panelistx also support the use of they stressed the immediatr benefits of and growing interest inenergy "Energy Efficiency is the least cost optionh and best opportunity for consumer savings," said , Ohio Consumer'sw Counsel. "The business and manufacturing communitiea are ready to use technolog to reduce energy consumption and advancesjob creation," added , Ohio Chemistry Technology Council. Expo , Conservation Program Coordinator, , summed things up quitw succinctly: "Energy Efficiency is good for Ohio consumers, jobs and the environment.
" Columbia Gas of Ohio Daylightedr Solar Roof Lighting Doty and Miller Architectsa Energy Management Systems Energy Systems Grouop Environment Ohio Go Sustainable Energy GrabhillHeating & Plumbingg Green Energy Ohio Green Source Productd Midwest Energy Efficiency Alliance MiraCit Development Corporation Office of the Ohio Consumers' Counsel Ohio Departmenty of Development OM Consulting, LLC Public Utilitiezs Commission of Ohio Rexorce Sierrq Club Ohio Chapter University Clean Energy Alliance of Ohio WaterFurnacd International Watt Works, Inc.
The Midwest Energ Efficiency Alliance ( ) is a collaborative network advancinbg energy efficiency in the Midwest to support sustainable economic development andenvironmentaol preservation. MEEA promotes the markef transformation of energyefficiency technologies, processes and best practices within a 13-statw area, through policy program design and facilitation and pilotinb of energy technologies. MEEA bridges the gap between policy adoptiom andprogram implementation. Energy efficiency is the critical first step in meetingour nation'w myriad energy challenges due to low entry proven and emerging technologies, ease of fast return on investment and measurabls results.
Through our diverse networkl of members andregional allies, MEEA possesses the practicalk experience and informed vision to effect positivs change today by supporting the region's stakeholderx to achieve their efficiency goals for the future.
COLUMBUS, Ohio, June 2 /PRNewswire/ -- More than 20 organizations, includinf utilities, manufacturers, retailers, consume r and environmental advocates, and state agencies took to the West Plazsa of the Statehouseon Tuesday, united in their cause to highlight the economic and environmental benefits of energy efficiencuy and renewables, and to make the case for more stringenft energy codes for Ohio buildings. The 2009 Ohio Energyh Expo, hosted by the Midwest Energ EfficiencyAlliance (MEEA), featured expert speakers, informativwe exhibits and demonstrations, and a barbequd lunch on the Capitol lawn.
The attended by more than 200 regulators, staff, consumers, environmentao advocates and business people, was sponsored by Columbiza Gas of Ohio and TheEnergy Foundation. In her openingh remarks, MEEA Executive Director, , acknowledged the greaf diversity amongExpo participants. "The broad cross-sectioh of stakeholders represented here today underscores the unprecedented opportunities and benefit s to allof Ohio's economg from gains in energyu efficiency. Ohio is in the early phase of implementingg one of the strongest Energy Efficiency Portfolio Standards in the Midwesr and funding has neverbeen stronger.
" Jaehn went on to note that more than $1 billiojn will be spent in Ohio on efficiency gains over the next five creating more than 6,000 new jobs. The projected boon in spending is due in larg e part tothe state's recent adoption of an Energy Efficiencyu Portfolio Standard (EEPS), which requires that energy providers meet a specific portion of their electricit demand through energy efficiency measures. Efficiency proponentes see enormous potential in improving the energy efficiencyof Ohio's State Representative, , who serves on the House Alternative Energyt Committee, is sponsoring legislation (House Bill 7) to increasee energy efficiency in publicc building projects.
"I am proud of the legislation that Representative and Iare sponsoring," Pillich told Energy Expo participants. "Conserving energy will not only protect the but it will also spureconomicd development. This legislation will be a catalyst for the greenh building and technology industries righft herein Ohio. It's a move toward the future."" Where efficiency proponents have not yet beensuccessfuo - and where hundreds millions of dollars lie in the balance - is in effectingv the passage of a statewide energy code for Ohio'w residential buildings based on the latesyt U.S. model energy code, the 2009 International Energy ConservatiomnCode (IECC 2009).
Experts project that adoptintg IECC 2009 would save Ohio consumers an averageof $221 a year on their energy providing a statewide cumulative savings of $98 milliom by 2020 and $186 million by 2030. some $96 million in Americanm Reinvestment and Recovery Act funding is contingent upon Ohio certifying tothe U.S. Department of Energhy that the state intends to adopt IECC 2009 or its Adoption of a statewidwe code has been stalled by homebuildersa and other specialinterest groups. By saving money for consumersa and businesses and stimulatingjob growth, more stringentt building energy codes also support local economiesa by providing people with more purchasintg power.
"Greener buildings and energy efficiency will help oureconomy recover," notex Energy Expo speaker, , Program Director, Environment Ohio. The enormousx potential for efficiency gains in Ohio is drivenn by the sheer volume of energy consumed inthe "Ohio is among the largest users of electricity in the Unitexd States. Efficiency is a critical part of providing reliable and affordable energy toall consumers," noted Expo panelistr , Governor's Energy Advisor and Executive Director, Ohio Air Qualityh Development Authority. Only a handfuk of U.S. states consume more energy than Ohio.
While the Expo panelistx also support the use of they stressed the immediatr benefits of and growing interest inenergy "Energy Efficiency is the least cost optionh and best opportunity for consumer savings," said , Ohio Consumer'sw Counsel. "The business and manufacturing communitiea are ready to use technolog to reduce energy consumption and advancesjob creation," added , Ohio Chemistry Technology Council. Expo , Conservation Program Coordinator, , summed things up quitw succinctly: "Energy Efficiency is good for Ohio consumers, jobs and the environment.
" Columbia Gas of Ohio Daylightedr Solar Roof Lighting Doty and Miller Architectsa Energy Management Systems Energy Systems Grouop Environment Ohio Go Sustainable Energy GrabhillHeating & Plumbingg Green Energy Ohio Green Source Productd Midwest Energy Efficiency Alliance MiraCit Development Corporation Office of the Ohio Consumers' Counsel Ohio Departmenty of Development OM Consulting, LLC Public Utilitiezs Commission of Ohio Rexorce Sierrq Club Ohio Chapter University Clean Energy Alliance of Ohio WaterFurnacd International Watt Works, Inc.
The Midwest Energ Efficiency Alliance ( ) is a collaborative network advancinbg energy efficiency in the Midwest to support sustainable economic development andenvironmentaol preservation. MEEA promotes the markef transformation of energyefficiency technologies, processes and best practices within a 13-statw area, through policy program design and facilitation and pilotinb of energy technologies. MEEA bridges the gap between policy adoptiom andprogram implementation. Energy efficiency is the critical first step in meetingour nation'w myriad energy challenges due to low entry proven and emerging technologies, ease of fast return on investment and measurabls results.
Through our diverse networkl of members andregional allies, MEEA possesses the practicalk experience and informed vision to effect positivs change today by supporting the region's stakeholderx to achieve their efficiency goals for the future.
Saturday, November 12, 2011
A state swimming: A year makes a difference for Tampa Prep's Skjaerpe - Tampabay.com (blog)
hundleyobajoji1908.blogspot.com
Bay News 9 | A state swimming: A year makes a difference for Tampa Prep's Skjaerpe Tampabay.com (blog) Seniors Rebecca Werdine and Emma Siewert both finished fifth in their events, the 100 free (52.27) and 100 fly (57.16), respectively. The Terrapins' girls 200 free relay team of Werdine, Siewert, Savannah Savitt and Carylyn Waite finishe d third with an ... Skjaerpe blazes at state meet |
Thursday, November 10, 2011
RealtyTrac: May foreclosures down in Ohio - St. Louis Business Journal:
kdrummondbs37.blogspot.com
Data released Thursday by Irvine, Calif.-based , which compiles and sellzs foreclosure information, shows Ohio logged 11,360 auction and bank-repossession filings in May, whicuh comes out to one filing for every446 Ohio’s rate, as in April, was the 10th-highestg in the nation, but the number of filingw dropped 8 percent from the month before and 13 percen t from a year ago. Ohio was one of 18 states to seea year-over-yearf drop in foreclosures, according to the The national tide of foreclosures, by fell 6 percent from April but jumpe 18 percent from May 2008 as the foreclosure rate surpassed Ohio at one filinhg for every 398 properties.
RealtyTrac isn’t putting much stockj in the month-over-month decrease in national foreclosure The total offilings – 321,480 – marks the third consecutives month that the 300,000-mark has been And RealtyTrac CEO James Saccacio noted in a releasew that while pre-foreclosure and auction filings slipped comparexd with April, bank repossessions are up on jumps in several states. The companty said it expects bank repossessions to increase in the coming monthw as foreclosure delays and moratoria expiree invarious states.
Data released Thursday by Irvine, Calif.-based , which compiles and sellzs foreclosure information, shows Ohio logged 11,360 auction and bank-repossession filings in May, whicuh comes out to one filing for every446 Ohio’s rate, as in April, was the 10th-highestg in the nation, but the number of filingw dropped 8 percent from the month before and 13 percen t from a year ago. Ohio was one of 18 states to seea year-over-yearf drop in foreclosures, according to the The national tide of foreclosures, by fell 6 percent from April but jumpe 18 percent from May 2008 as the foreclosure rate surpassed Ohio at one filinhg for every 398 properties.
RealtyTrac isn’t putting much stockj in the month-over-month decrease in national foreclosure The total offilings – 321,480 – marks the third consecutives month that the 300,000-mark has been And RealtyTrac CEO James Saccacio noted in a releasew that while pre-foreclosure and auction filings slipped comparexd with April, bank repossessions are up on jumps in several states. The companty said it expects bank repossessions to increase in the coming monthw as foreclosure delays and moratoria expiree invarious states.
Monday, November 7, 2011
High-profile beauty school coming to downtown Schenectady - Dallas Business Journal:
ukatekexo.wordpress.com
Paul Mitchell The School will set up shop on two floors of 411State St., a buildingv that has been a source of frustratiohn for city boosters for several yeare because of the long-delayed plans to open the restaurantt and bar there. Now, insteadx of drinking beers on tap, the basement and first floo will be a place for studentw to learn the finer points of styling andcoloring hair, doinfg skin treatments, giving manicures and learning how to run a The building will also house a retail stored selling Paul Mitchell beauty products and services. Paul Mitchello Products are well-known in the with sales approaching $900 million. The products are sold in more than 100,000 beauty salons.
The school, which will be the first for Paul Mitchell upstate and one of 107 is expected to openin January. It will be ownedx by Giulio Veglio, a 46-year-old Italian immigrant who grew up in Veglio owns nine other Paul Mitchelpl schools acrossthe country. Duriny his career he has workeds with some of the giants in the includingVidal Sassoon, Jean Michelle and L’Oreal. “Ww decided to bring the and ofbeauty schools” to an excited Veglio told severap dozen people gathered at the at Proctor s this morning for the announcement. All the school will occupy nearly 20,0009 square feet, employ 50 peoplw and draw more than 200 students and customers according tothe .
The investmenft totals $2 million. The plans close the book on the saga of the Big which was announced with great fanfare by Metroplex and city officiald more than fouryears ago. The project was hampered by numerouds construction delays andcost overruns. Attorney Stephe n Waite ultimately moved his law office to the top floort ofthe building, but never opened his long-promisex restaurant and bar. He couldn’t be reached for comment. The which is financed by county sales spent $250,000 to renovate the facade of 411 Stater St.
and $100,000 to remove asbesto in preparation for the expected opening of the Big Metroplex Chairman Ray Gillen defended thoseinvestments today, sayinv they were vital to turn arounds a dilapidated building in the heart of “We had to fix this building,” Gillemn said. “It was a horrible The property was on the verge of being foreclosed upon when the mortgagw was bought in early July bythe , said Davicd Buicko, chief operating officer.
Buicko declined to reveal the purchase The Galesi Group is assuminga $1 milliomn loan that had been arranged for the Big The purchase by Galesi Group adds to its already large portfolio in The real estate development companyg now controls every building acrossd from Proctors on State Street between Jay Street and Broadway. “We steppeed up because that’s the only portion of the blockwe hadn’t owned,” Buicko said. Paul Mitchello The School signeda 15-year leas with renewal options. The Metroplex will provide a $311,400 grantr and $250,000 loan at 5 percenty interest. The agency said it will recoul the money from increased usage of downtowhnparking lots.
Paul Mitchell schools have been a trendsettefr inthe industry, said Joe Tullio, who owns hair salonsx at Crossgates Mall and Rotterdam Square Mall that aren’r affiliated with the brand. Tulliok was a mentor to Veglio when he was startinb out inthe business. “They’r on the edge,” Tullio said. “Thet do modern things.”
Paul Mitchell The School will set up shop on two floors of 411State St., a buildingv that has been a source of frustratiohn for city boosters for several yeare because of the long-delayed plans to open the restaurantt and bar there. Now, insteadx of drinking beers on tap, the basement and first floo will be a place for studentw to learn the finer points of styling andcoloring hair, doinfg skin treatments, giving manicures and learning how to run a The building will also house a retail stored selling Paul Mitchell beauty products and services. Paul Mitchello Products are well-known in the with sales approaching $900 million. The products are sold in more than 100,000 beauty salons.
The school, which will be the first for Paul Mitchell upstate and one of 107 is expected to openin January. It will be ownedx by Giulio Veglio, a 46-year-old Italian immigrant who grew up in Veglio owns nine other Paul Mitchelpl schools acrossthe country. Duriny his career he has workeds with some of the giants in the includingVidal Sassoon, Jean Michelle and L’Oreal. “Ww decided to bring the and ofbeauty schools” to an excited Veglio told severap dozen people gathered at the at Proctor s this morning for the announcement. All the school will occupy nearly 20,0009 square feet, employ 50 peoplw and draw more than 200 students and customers according tothe .
The investmenft totals $2 million. The plans close the book on the saga of the Big which was announced with great fanfare by Metroplex and city officiald more than fouryears ago. The project was hampered by numerouds construction delays andcost overruns. Attorney Stephe n Waite ultimately moved his law office to the top floort ofthe building, but never opened his long-promisex restaurant and bar. He couldn’t be reached for comment. The which is financed by county sales spent $250,000 to renovate the facade of 411 Stater St.
and $100,000 to remove asbesto in preparation for the expected opening of the Big Metroplex Chairman Ray Gillen defended thoseinvestments today, sayinv they were vital to turn arounds a dilapidated building in the heart of “We had to fix this building,” Gillemn said. “It was a horrible The property was on the verge of being foreclosed upon when the mortgagw was bought in early July bythe , said Davicd Buicko, chief operating officer.
Buicko declined to reveal the purchase The Galesi Group is assuminga $1 milliomn loan that had been arranged for the Big The purchase by Galesi Group adds to its already large portfolio in The real estate development companyg now controls every building acrossd from Proctors on State Street between Jay Street and Broadway. “We steppeed up because that’s the only portion of the blockwe hadn’t owned,” Buicko said. Paul Mitchello The School signeda 15-year leas with renewal options. The Metroplex will provide a $311,400 grantr and $250,000 loan at 5 percenty interest. The agency said it will recoul the money from increased usage of downtowhnparking lots.
Paul Mitchell schools have been a trendsettefr inthe industry, said Joe Tullio, who owns hair salonsx at Crossgates Mall and Rotterdam Square Mall that aren’r affiliated with the brand. Tulliok was a mentor to Veglio when he was startinb out inthe business. “They’r on the edge,” Tullio said. “Thet do modern things.”
Saturday, November 5, 2011
Hawker announces furloughs, building closures - Houston Business Journal:
lihung-associations.blogspot.com
In a letter to all Vice President of Humann Resources Rich Jiwanlal said the movew are partthe company’s ongoing effort to “resizs our company to match the continuiny declines in consumer demand.” One of the measures will be furloughw which will include both produc t line and plant specific The dates for the furloughs will be June 29-Julyy 2, Nov. 23-25 and Dec. 21-24. The lette informs employees that if vacation or earnec time off is not available to cover these days then the furloughs will be Hawker will also be relocatingits engineering, finance and supply-chain teamx back onto the company’s primary headquarters.
This will allowa it to close twobuildings “off-campus,” the letteer states. There was no announcement regardingf anyfurther layoffs. The company declinesd to give any more information atthis time.
In a letter to all Vice President of Humann Resources Rich Jiwanlal said the movew are partthe company’s ongoing effort to “resizs our company to match the continuiny declines in consumer demand.” One of the measures will be furloughw which will include both produc t line and plant specific The dates for the furloughs will be June 29-Julyy 2, Nov. 23-25 and Dec. 21-24. The lette informs employees that if vacation or earnec time off is not available to cover these days then the furloughs will be Hawker will also be relocatingits engineering, finance and supply-chain teamx back onto the company’s primary headquarters.
This will allowa it to close twobuildings “off-campus,” the letteer states. There was no announcement regardingf anyfurther layoffs. The company declinesd to give any more information atthis time.
Thursday, November 3, 2011
Yahoo! confirms WNY site - Denver Business Journal:
batyushkinuxit.blogspot.com
Yahoo!, Tuesday morning, confirmed it will be buildingvthe 190,000-square-foot center that couldd employ, initially, 125 people. Yahoo! has pegged a 30-acrw site in the park for the complex. Yahoo!’es decision is considered a major especially against a backdrop of a weakenedf economy where unemployment has increased in past year in Erie Count yto 8.1 percent from 5.5 percentf and in Niagara County to 9.3 percen t from 6.6 percent. “This is a big win for the saidTom Kucharski, president and chief executiver officer. “We won the Yahoo! was being courted by several statesincluding Ohio, Pennsylvania and Illinoias for the center.
All offereed a handsome array of “When a high tech company like Yahoo! picks a community like WesternNew it’s like a lighthouse,” said Sen. Charlesa Schumer, New York’s senior who played a key role in Lockport landingh thedata center. The region craftee its own aggressive incentive package includint the offering 15 megawattsof low-cost hydropowerr that could save Yahoo! an estimated $100 milliohn over a 15-year period. also offered job training grantes andother incentives. High level pitchea also came from Gov. Davird Paterson and Schumer.
Schumer made personal calls to Yahoo CEO Carol Bartz to push the Kucharski said it also helped that the regionm offereda half-dozen sites and not just a singular location. It also helped that a friendship quickly developed betweenhthe Yahoo! site selection team and the locapl economic development community. “We developed a nice relationshio with them and that helped make this Kucharski said. “They were impressed that every timethey called, we coulcd assemble our team on a very shor t notice and give them the answerzs they wanted.” Construction on the data center will begim in August, said David Dibble, Yahoo! senior vice president. The center will be open by May.
Kucharskii said there is a myriadx positives that will comefrom Yahoo!’s decision. The BNE will use it in its outreacgh to other companies itis courting, he “It confirms our ability to attract high tech and high profil e companies,” Kucharski said. “To get a name compang like Yahoo! says a lot to the rest of the industriesout Yahoo! joins the ranks of , that have either opened or expandeed back office operations in the region in recent “You add it into the mix of the some of the othert companies we’ve landed and it becomes a very impressiv list,” Kucharski said.
Yahoo!, Tuesday morning, confirmed it will be buildingvthe 190,000-square-foot center that couldd employ, initially, 125 people. Yahoo! has pegged a 30-acrw site in the park for the complex. Yahoo!’es decision is considered a major especially against a backdrop of a weakenedf economy where unemployment has increased in past year in Erie Count yto 8.1 percent from 5.5 percentf and in Niagara County to 9.3 percen t from 6.6 percent. “This is a big win for the saidTom Kucharski, president and chief executiver officer. “We won the Yahoo! was being courted by several statesincluding Ohio, Pennsylvania and Illinoias for the center.
All offereed a handsome array of “When a high tech company like Yahoo! picks a community like WesternNew it’s like a lighthouse,” said Sen. Charlesa Schumer, New York’s senior who played a key role in Lockport landingh thedata center. The region craftee its own aggressive incentive package includint the offering 15 megawattsof low-cost hydropowerr that could save Yahoo! an estimated $100 milliohn over a 15-year period. also offered job training grantes andother incentives. High level pitchea also came from Gov. Davird Paterson and Schumer.
Schumer made personal calls to Yahoo CEO Carol Bartz to push the Kucharski said it also helped that the regionm offereda half-dozen sites and not just a singular location. It also helped that a friendship quickly developed betweenhthe Yahoo! site selection team and the locapl economic development community. “We developed a nice relationshio with them and that helped make this Kucharski said. “They were impressed that every timethey called, we coulcd assemble our team on a very shor t notice and give them the answerzs they wanted.” Construction on the data center will begim in August, said David Dibble, Yahoo! senior vice president. The center will be open by May.
Kucharskii said there is a myriadx positives that will comefrom Yahoo!’s decision. The BNE will use it in its outreacgh to other companies itis courting, he “It confirms our ability to attract high tech and high profil e companies,” Kucharski said. “To get a name compang like Yahoo! says a lot to the rest of the industriesout Yahoo! joins the ranks of , that have either opened or expandeed back office operations in the region in recent “You add it into the mix of the some of the othert companies we’ve landed and it becomes a very impressiv list,” Kucharski said.
Tuesday, November 1, 2011
90 Million Meter Cubic Of Cold Lava Threatens From Indonesia's Mount Merapi - Bernama
tenganmodooo1324.blogspot.com
90 Million Meter Cubic Of Cold Lava Threatens From Indonesia's Mount Merapi Bernama JAKARTA, Nov 1 (Bernama) -- As much as 90 million meter cubic of cold lava is threatening Indonesians who live around Mount Merapi in the border of Yogyakarta and Central Java province that was erupted in 2010, reports Xinhua news agency. ... 90 mln metre cubic of cold lava threatens from Indonesia's Mount Merapi |
Sunday, October 30, 2011
Realtors to launch foreclosure courses - Washington Business Journal:
disqualify-sida.blogspot.com
The group gave the $3,20p0 to host a foreclosure and shortsalesz course. And the was given $8,050 to develop a course and DVD for consumers and agents on the legakl risks associated with foreclosures andshort sales. also was awarde d $6,000 to host a Realtor trainingv course on helping consumers who are behind ontheier mortgages. The national associationb gave out morethan $3 million to differenrt city associations to help resolves the growing foreclosure “Realtors build communities, and as the leading advocatre for homeownership and housin g issues, we believe that any family that loses its home to foreclosur is one family too NAR President Charles McMillan, a broker with in Dallas-For Worth.
“Foreclosures affect each community differently, which is why NAR is providinfg the Foreclosure Prevention and Response grants directlyu to local and state Realtor associations so that they can develop coordinated action plans to prevenrt foreclosures and minimize their adverse effectzs onthe community.”
The group gave the $3,20p0 to host a foreclosure and shortsalesz course. And the was given $8,050 to develop a course and DVD for consumers and agents on the legakl risks associated with foreclosures andshort sales. also was awarde d $6,000 to host a Realtor trainingv course on helping consumers who are behind ontheier mortgages. The national associationb gave out morethan $3 million to differenrt city associations to help resolves the growing foreclosure “Realtors build communities, and as the leading advocatre for homeownership and housin g issues, we believe that any family that loses its home to foreclosur is one family too NAR President Charles McMillan, a broker with in Dallas-For Worth.
“Foreclosures affect each community differently, which is why NAR is providinfg the Foreclosure Prevention and Response grants directlyu to local and state Realtor associations so that they can develop coordinated action plans to prevenrt foreclosures and minimize their adverse effectzs onthe community.”
Friday, October 28, 2011
Kannapolis honored for economic strategy - Houston Business Journal:
ramsdenjerrieas54.blogspot.com
The city received the award in the category of Excellencde in EconomicDiversification Strategies, which recognizes responses to plant closurews and other economic dislocations, that promote economic diversification. The competitio n is open to nonprofits; state and regional governments; and universities and colleges. Cabarrusw and Rowan counties lost 4,3009 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex closed in July 2003. Two years later, Californiza billionaire David Murdock announced plans forthe N.C. Research Campuse at the 350-acre former Pillowtex headquarterzs andmanufacturing site.
The life-sciences hub includes the participatiob ofDuke University, the UNC the N.C. Community College System, other educationao institutions and business The total investment is expected toreacuh $1.8 billion. Residential and commercial developments are rising around the campua with hopes ofturning Kannapolis, a former textile into a biotech center.
The city received the award in the category of Excellencde in EconomicDiversification Strategies, which recognizes responses to plant closurews and other economic dislocations, that promote economic diversification. The competitio n is open to nonprofits; state and regional governments; and universities and colleges. Cabarrusw and Rowan counties lost 4,3009 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex closed in July 2003. Two years later, Californiza billionaire David Murdock announced plans forthe N.C. Research Campuse at the 350-acre former Pillowtex headquarterzs andmanufacturing site.
The life-sciences hub includes the participatiob ofDuke University, the UNC the N.C. Community College System, other educationao institutions and business The total investment is expected toreacuh $1.8 billion. Residential and commercial developments are rising around the campua with hopes ofturning Kannapolis, a former textile into a biotech center.
Wednesday, October 26, 2011
Gen Y not into Twitter - South Florida Business Journal:
hustbelogehy1857.blogspot.com
A new survey by the Participatoryu Marketing Network finds just 22 percen t of Generation Y consumers areusing Twitter. However, when asked about how much they usesocial networking, 99 percent from this who in general have not yet hit 30, reporr having an active profile on at least one socialk networking site. "Twitter dominates the news, but clearly we're only touching the surface of its potentia as amarketing vehicle," said Michael Della Penna, PMN’s co-founder and executive "This is a classic 'glass half full' scenario for Twitteer because it's clear that Gen Y has an appetitd for social networking, but still hasn't fully embraced There is a tremendous opportunity now for marketerds to develop strategies to get this important grou p active on Twitter, too.
" More than 85 percent follow friends. More than 54 percent folloe celebrities. More than 29 percent follow More than 29 percen tfollow companies. Of those who use a social 89 percent have downloadec one of the following to theirprofile page: photoe (89 percent), games (53 percent), entertainment (51 percent), news (32 and weather (29 percent). Thirty-eight percent of Gen Y have an iPhone or iPod Games (53 percent), entertainment (35 percent), lifestylde (31 percent), financial - "free" (28 percent), financiao "paid" (seven percent) are the most popular mobilwe applications.
More than one-quarter (26 percent) indicated You can click to follow the South Florida Business Journakon Twitter.
A new survey by the Participatoryu Marketing Network finds just 22 percen t of Generation Y consumers areusing Twitter. However, when asked about how much they usesocial networking, 99 percent from this who in general have not yet hit 30, reporr having an active profile on at least one socialk networking site. "Twitter dominates the news, but clearly we're only touching the surface of its potentia as amarketing vehicle," said Michael Della Penna, PMN’s co-founder and executive "This is a classic 'glass half full' scenario for Twitteer because it's clear that Gen Y has an appetitd for social networking, but still hasn't fully embraced There is a tremendous opportunity now for marketerds to develop strategies to get this important grou p active on Twitter, too.
" More than 85 percent follow friends. More than 54 percent folloe celebrities. More than 29 percent follow More than 29 percen tfollow companies. Of those who use a social 89 percent have downloadec one of the following to theirprofile page: photoe (89 percent), games (53 percent), entertainment (51 percent), news (32 and weather (29 percent). Thirty-eight percent of Gen Y have an iPhone or iPod Games (53 percent), entertainment (35 percent), lifestylde (31 percent), financial - "free" (28 percent), financiao "paid" (seven percent) are the most popular mobilwe applications.
More than one-quarter (26 percent) indicated You can click to follow the South Florida Business Journakon Twitter.
Sunday, October 23, 2011
Hudson & Marshall foreclosure auction to feature 27 Triangle homes - South Florida Business Journal:
alharkaenu.blogspot.com
The Triangle auction, conducted by auction company , will be held on at 1 p.m. at June 27 in the Hiltonb North Raleigh, 3415 Wake Forestg Road. All of the homes in the auctiom will besold “as-is.” Buyers who wish to inspecgt properties before bidding may view homes durinbg an open house scheduled for June 20 from 1 p.m. to 3 p.m. or by contactinfg the listing agent foran appointment. Property and listingg agent information is available onHudson Marshall’s Web site, www.hudsonandmarshall.com. All homes come with title insurancew paid for bythe sellers. Winning bidders will be requiredr to make a cash or certified check depositof $2,500 for each 826 Carter Ave.
Durham; 101 Wake St. Dunn; 1526 Park Place, Hillsborough; 605 Grantland Drive, 911 Lancaster St., Rocky 2521 Friedland Place, Unit 203, Raleigh; 2312 Lindmont Durham; 740 North White St., Wake 3033 Slocomb Rd., Linden; 400 Charlotts St., Roanoke Rapids; Tract 3 Redding Oxford; 5724 Greenpine Road, Cedar Grove; 700 South Roxbori St., Durham; 100 Waymon Way, 210 Barnes St., Fremont; 400 Melton Rocky Mount; 104 Jones Court, Princeville; 260 East Front St., 11223 Raleigh Road, Four Oaks; 313 Maddux Drive, Pikeville; 210 Hardingwoodx Drive, Goldsboro; 12351 Honeychurch St.
, 3233 Gold Dust Lane, Willow Spring; 5526 Sprinyg House Lane, Chapel Hill; 2515 Moorew Mill Road, Rougemont; 301 Fox Park Louisburg; 303 St., Burlington.
The Triangle auction, conducted by auction company , will be held on at 1 p.m. at June 27 in the Hiltonb North Raleigh, 3415 Wake Forestg Road. All of the homes in the auctiom will besold “as-is.” Buyers who wish to inspecgt properties before bidding may view homes durinbg an open house scheduled for June 20 from 1 p.m. to 3 p.m. or by contactinfg the listing agent foran appointment. Property and listingg agent information is available onHudson Marshall’s Web site, www.hudsonandmarshall.com. All homes come with title insurancew paid for bythe sellers. Winning bidders will be requiredr to make a cash or certified check depositof $2,500 for each 826 Carter Ave.
Durham; 101 Wake St. Dunn; 1526 Park Place, Hillsborough; 605 Grantland Drive, 911 Lancaster St., Rocky 2521 Friedland Place, Unit 203, Raleigh; 2312 Lindmont Durham; 740 North White St., Wake 3033 Slocomb Rd., Linden; 400 Charlotts St., Roanoke Rapids; Tract 3 Redding Oxford; 5724 Greenpine Road, Cedar Grove; 700 South Roxbori St., Durham; 100 Waymon Way, 210 Barnes St., Fremont; 400 Melton Rocky Mount; 104 Jones Court, Princeville; 260 East Front St., 11223 Raleigh Road, Four Oaks; 313 Maddux Drive, Pikeville; 210 Hardingwoodx Drive, Goldsboro; 12351 Honeychurch St.
, 3233 Gold Dust Lane, Willow Spring; 5526 Sprinyg House Lane, Chapel Hill; 2515 Moorew Mill Road, Rougemont; 301 Fox Park Louisburg; 303 St., Burlington.
Friday, October 21, 2011
Hawaii flu cases close to 300 - Philadelphia Business Journal:
yvejodo.wordpress.com
The Hawaii Department of Health, which now updatez its online H1N1 count each said there are now 298 confirmex casesin Hawaii. There were 98 new cases confirmerd on Oahu this week for a total of288 cases. Kauai and Maui added a case each this They each have a total of three TheBig Island, which has four did not report any new cases this week. Most have recovered or are recovering from the The Centers for Disease Control and Preventionm said thatmost U.S. cases have not been severse and are comparable in severituy toseasonal influenza. Hawaii residentsa with questions about H1N1 flu cancall (866) 767-5044 ext. 3 between 7 a.m. and 7 p.m. Monday throug h Friday and on weekends from9 a.m.
to 5:30 p.m. Or visitt www.hawaii.gov/health or the Centers for Diseasew Control and Preventionat
The Hawaii Department of Health, which now updatez its online H1N1 count each said there are now 298 confirmex casesin Hawaii. There were 98 new cases confirmerd on Oahu this week for a total of288 cases. Kauai and Maui added a case each this They each have a total of three TheBig Island, which has four did not report any new cases this week. Most have recovered or are recovering from the The Centers for Disease Control and Preventionm said thatmost U.S. cases have not been severse and are comparable in severituy toseasonal influenza. Hawaii residentsa with questions about H1N1 flu cancall (866) 767-5044 ext. 3 between 7 a.m. and 7 p.m. Monday throug h Friday and on weekends from9 a.m.
to 5:30 p.m. Or visitt www.hawaii.gov/health or the Centers for Diseasew Control and Preventionat
Wednesday, October 19, 2011
Michael Irvin sued over "Fourth and Long" reality show - Houston Business Journal:
qozito.wordpress.com
Jordan Bealmear of Thermal, and Shannon Clark and Christopher Harding, both of Ky., allege Michael Irvin’s reality show “Fourth and is their idea with anew name. The plaintiffs in a lawsuity filed in Dallas County accuse Irvinof fraud, fraudf by nondisclosure, breach of contrac and unjust enrichment. Larry Michael Irvin's attorney, told the Dallas Businessa Journal Wednesday that the lawsuit is completely bogus andwithout merit. Friedmam said Irvin met with the plaintiffs, and they had no businesws cards, no company, no stationery and workedf outside the industry withoutsubstantial contacts.
Friedman addedx that a lot of people in the entertainmenrt industry were throwing the same show concept around and Michaelk had the concept and was looking for a When asked who callesd the initial meeting betweenthe parties, Friedmann said he didn't know who invites who to the meeting. In response, the attorney for the Mark Taylorof Dallas, told the DBJ that the issue is not whetheer the idea for the show was but whether Michael agreed to entefr into a deal and then reneged on the termsw of the deal.
The plaintiffa in the lawsuit say they developee the concept behind the which they werecalling "Guts to Glory" and endedd up in contact with Irvin and his representativese to invite Irvin to be the show's host. The plaintiffsd offered a deal in which Irvinb and his agent would receive 25 percent of the proceedsa and the plaintiffs would receive75 percent. They latere struck a deal in which Irvin woulde take 75 percent of the aggregatre executiveproducing fee, while the plaintiffs would share the remaininy 25 percent and that adaptionx of the show for other sports would involve a 50-50 split, according to the lawsuit.
Durintg the negotiation process, the three say Irvinb was provided withmarketing tools, including a story to present to Dallas Cowboys executives and Dallas Cowboys Coachu Jerry Jones with the intent of gettinh the team involved. In the lawsuit, the plaintiffws say they were escorted out of aMarch 10, deal signing meeting at the Dallas law officez of Friedman & Fiegler LLP in which Larry Friedman was present. Theit attorney, Larry Kopeikin, was attending the meeting via a conference call. When they were brought back intothe meeting, the plaintiffds were told that Irvin woulx have to review the deal memo before signing.
Days they learned that Irvin would only agree toa 95-5 percenr split with Irvin taking a 95 percent cut, and five days aftedr that Irvin sent an e-mail to Clark stating that he had nevef used the storyboard in his presentation to according to the lawsuit. The three individuals who plannedc to produce the show are suing Irvin claiming in their suit thatIrvinm “through his agents, and/or employees, made false and material misrepresentationws to plaintiffs concerning his agreement to the terms of the deal including the 75-25 percen split.
"
Jordan Bealmear of Thermal, and Shannon Clark and Christopher Harding, both of Ky., allege Michael Irvin’s reality show “Fourth and is their idea with anew name. The plaintiffs in a lawsuity filed in Dallas County accuse Irvinof fraud, fraudf by nondisclosure, breach of contrac and unjust enrichment. Larry Michael Irvin's attorney, told the Dallas Businessa Journal Wednesday that the lawsuit is completely bogus andwithout merit. Friedmam said Irvin met with the plaintiffs, and they had no businesws cards, no company, no stationery and workedf outside the industry withoutsubstantial contacts.
Friedman addedx that a lot of people in the entertainmenrt industry were throwing the same show concept around and Michaelk had the concept and was looking for a When asked who callesd the initial meeting betweenthe parties, Friedmann said he didn't know who invites who to the meeting. In response, the attorney for the Mark Taylorof Dallas, told the DBJ that the issue is not whetheer the idea for the show was but whether Michael agreed to entefr into a deal and then reneged on the termsw of the deal.
The plaintiffa in the lawsuit say they developee the concept behind the which they werecalling "Guts to Glory" and endedd up in contact with Irvin and his representativese to invite Irvin to be the show's host. The plaintiffsd offered a deal in which Irvinb and his agent would receive 25 percent of the proceedsa and the plaintiffs would receive75 percent. They latere struck a deal in which Irvin woulde take 75 percent of the aggregatre executiveproducing fee, while the plaintiffs would share the remaininy 25 percent and that adaptionx of the show for other sports would involve a 50-50 split, according to the lawsuit.
Durintg the negotiation process, the three say Irvinb was provided withmarketing tools, including a story to present to Dallas Cowboys executives and Dallas Cowboys Coachu Jerry Jones with the intent of gettinh the team involved. In the lawsuit, the plaintiffws say they were escorted out of aMarch 10, deal signing meeting at the Dallas law officez of Friedman & Fiegler LLP in which Larry Friedman was present. Theit attorney, Larry Kopeikin, was attending the meeting via a conference call. When they were brought back intothe meeting, the plaintiffds were told that Irvin woulx have to review the deal memo before signing.
Days they learned that Irvin would only agree toa 95-5 percenr split with Irvin taking a 95 percent cut, and five days aftedr that Irvin sent an e-mail to Clark stating that he had nevef used the storyboard in his presentation to according to the lawsuit. The three individuals who plannedc to produce the show are suing Irvin claiming in their suit thatIrvinm “through his agents, and/or employees, made false and material misrepresentationws to plaintiffs concerning his agreement to the terms of the deal including the 75-25 percen split.
"
Monday, October 17, 2011
Report: Gannett to cut 1,000 jobs - Phoenix Business Journal:
yqyqynesara.blogspot.com
The cuts, a response to the Va.-based media company’s revenue declines, will occur in Gannett’s communityh publishing division, according to the Journal, which said USA Toda will be spared. Gannett has abou 41,000 employees. It publishes more than 80 daily newspapers and has aboutg850 non-daily publications, including the Arizona Republic, accordingb to the company’s Web In addition, it operates 23 TV In the first quarter, total revenue droppe d 18 percent to $1.38 billion. Revenue from advertisements inthe company’as publications fell 34 percent to $723 million, and circulatiojn revenue went down 3.1 percent to $300 Net income fell 60 percent to $77.
4 In cost-cutting moves earlier this year, Gannetrt (NYSE:GCI) mandated unpaid furloughs for most employees and temporarily reduced salariess for some higher-paid employees. In May, the compant killed the Tucson Citizen, whicuh had been Arizona’s oldest continuously published However, Gannett remains a partner in a companh that publishes anotherTucson paper, the Arizonqa Daily Star.
The cuts, a response to the Va.-based media company’s revenue declines, will occur in Gannett’s communityh publishing division, according to the Journal, which said USA Toda will be spared. Gannett has abou 41,000 employees. It publishes more than 80 daily newspapers and has aboutg850 non-daily publications, including the Arizona Republic, accordingb to the company’s Web In addition, it operates 23 TV In the first quarter, total revenue droppe d 18 percent to $1.38 billion. Revenue from advertisements inthe company’as publications fell 34 percent to $723 million, and circulatiojn revenue went down 3.1 percent to $300 Net income fell 60 percent to $77.
4 In cost-cutting moves earlier this year, Gannetrt (NYSE:GCI) mandated unpaid furloughs for most employees and temporarily reduced salariess for some higher-paid employees. In May, the compant killed the Tucson Citizen, whicuh had been Arizona’s oldest continuously published However, Gannett remains a partner in a companh that publishes anotherTucson paper, the Arizonqa Daily Star.
Saturday, October 15, 2011
Falcons release Michael Vick - San Francisco Business Times:
bentlyoupapa1810.blogspot.com
The Falcons on Friday released the disgraced former franchise quarterback who played for the team from 2001unti 2006, the team said. Apparently unable to tradr Vick, who was released from federalp prison last month and is currently under home confinemenfin Hampton, Va., the Falcons released the formet No. 1 overall pick in the 2001 "The today relinquished their contractual rights to quarterbackMichaekl Vick,” Falcons General Manager Thomas Dimitroffg said in a statement posted on the team’ws Web site. "Michael remains suspended by the NFL.
in the event NFL Commissioner Rogerf Goodell decides toreinstate Michael, we feel his best opportunitgy to re-engage his football career would be at another club,” Dimitroff said. "Our entire organization sincerelyg hopes that Michael will continued to focus his efforts on making positive changes in his and we wish him well inthat regard.” The Falconw have made clear Vick would not be a part of the team when and if he is reinstatede from indefinite suspension. With the release, Vick is clearf to sign with anotherNFL team, pendingy his reinstatement.
In an interviee posted on the team’s Web site, Dimitrofft said the team was unable totrade Vick, who pleaded guilt y and was sentenced to 23 months confinemeny on dogfighting-related charges. Dimitroff said he spoke to Vick by telephond today aboutthe release. "We spent a significant amounyt of timethis off-season trying to trade him to another NFL club, and we had some conversationas with a few teams, but nothing the general manager said. “At this we feel releasing Michael is best for him and best for Dimitroff said the team has not been advisedr of a timelinefor Vick’es reinstatement, which he said was “up to the Commissionerr [Goodell].
” Though Vick is officially released, the Falcones will take a hit towardws the salary cap for the 2009-201 0 for the remainder of the quarterback’s signing bonus, which was Some reports have pegged the value of the remainingf bonus at about $7 million to $8 million. Dimitroff said the team has alreadyt “budgeted” for the value of the and there will be no impacr onnext year’s salary cap.
The NFL’s 2009 salaru cap will be $123 million, up from $116 according to according to Streetand Smith’xs Sports Business Journal, a sistere publication of Atlanta Business Several NFL clubs with questionsa at quarterback have openly said they have no intentio n of signing Vick. Among the and the , whose coach, Jim Mora, was Vick’s head coacu for three seasons. It has been speculated Vick might join the upstarg UnitedFootball League.
Vick’s return to the NFL and a professional sports salary are deemed essential to his ability to emerge from personal bankruptcy without liquidating Vick filed for bankruptcy protection in July 2008listinfg $16 million in assets and $20 million in debt. A judgee in the case has given Vick and his attorneys a July 2 deadlin to come up with a revised plan to pay off the millions he oweshis Vick, once the highest-paid player in professionaol football, now makes $10-per-hour from a constructio job he must maintain as part of his home
The Falcons on Friday released the disgraced former franchise quarterback who played for the team from 2001unti 2006, the team said. Apparently unable to tradr Vick, who was released from federalp prison last month and is currently under home confinemenfin Hampton, Va., the Falcons released the formet No. 1 overall pick in the 2001 "The today relinquished their contractual rights to quarterbackMichaekl Vick,” Falcons General Manager Thomas Dimitroffg said in a statement posted on the team’ws Web site. "Michael remains suspended by the NFL.
in the event NFL Commissioner Rogerf Goodell decides toreinstate Michael, we feel his best opportunitgy to re-engage his football career would be at another club,” Dimitroff said. "Our entire organization sincerelyg hopes that Michael will continued to focus his efforts on making positive changes in his and we wish him well inthat regard.” The Falconw have made clear Vick would not be a part of the team when and if he is reinstatede from indefinite suspension. With the release, Vick is clearf to sign with anotherNFL team, pendingy his reinstatement.
In an interviee posted on the team’s Web site, Dimitrofft said the team was unable totrade Vick, who pleaded guilt y and was sentenced to 23 months confinemeny on dogfighting-related charges. Dimitroff said he spoke to Vick by telephond today aboutthe release. "We spent a significant amounyt of timethis off-season trying to trade him to another NFL club, and we had some conversationas with a few teams, but nothing the general manager said. “At this we feel releasing Michael is best for him and best for Dimitroff said the team has not been advisedr of a timelinefor Vick’es reinstatement, which he said was “up to the Commissionerr [Goodell].
” Though Vick is officially released, the Falcones will take a hit towardws the salary cap for the 2009-201 0 for the remainder of the quarterback’s signing bonus, which was Some reports have pegged the value of the remainingf bonus at about $7 million to $8 million. Dimitroff said the team has alreadyt “budgeted” for the value of the and there will be no impacr onnext year’s salary cap.
The NFL’s 2009 salaru cap will be $123 million, up from $116 according to according to Streetand Smith’xs Sports Business Journal, a sistere publication of Atlanta Business Several NFL clubs with questionsa at quarterback have openly said they have no intentio n of signing Vick. Among the and the , whose coach, Jim Mora, was Vick’s head coacu for three seasons. It has been speculated Vick might join the upstarg UnitedFootball League.
Vick’s return to the NFL and a professional sports salary are deemed essential to his ability to emerge from personal bankruptcy without liquidating Vick filed for bankruptcy protection in July 2008listinfg $16 million in assets and $20 million in debt. A judgee in the case has given Vick and his attorneys a July 2 deadlin to come up with a revised plan to pay off the millions he oweshis Vick, once the highest-paid player in professionaol football, now makes $10-per-hour from a constructio job he must maintain as part of his home
Thursday, October 13, 2011
Developers weathering market
hihozeima.blogspot.com
Several major projects that either came on the markert recently or are under construction are helpingf push vacancy rates higher and leaserates That’s good for tenants, bad for owners and But it’s not just an oversupply of spaces coupled with a shortage of tenant demand that’s hurtinvg property owners. High construction including for interiortenant finishes, and worried lenderss are also weighing on the situation, said Michelwe Laumer at . From a developer’s perspective, “You’vse got the perfect storm,” Laumetr said.
In Cincinnati, they are already having a toughn time leasing newly completed office buildings such as Redston ein Kenwood, Columbia Square in Columbia Tusculum and Keystonre Park in Evanston. With the econom sinking, no additional projects are expectec to get under way without substantial Thatmeans “every bit of 50 percent, if not said Scott Yards, a broke at who is trying to line up tenants for a proposex 300,000-square-foot office tower for the “Cincinnati has weathered the storm fairly well. We’r not at a point where we’re significantluy overbuilt,” Yards said.
If a large corporatiom or law firmwantecd 100,000 square feet, it’s touggh to put together that much desirable space. “There’s not a lot of alternativews for big blocksof space,” he said. At not at the Lurking on the horizon, however, is ’s Queen City Squared skyscraper, which opens downtown in 2011. The 840,000-square-foot offic tower has about 300,000 square feet stilol available.
And the 530,000 squared feet that’s preleased by will creatr an exodus out ofthat company’w current quarters at 580 Walnut and 525 Add in the proposed Banks officwe space, impending consolidations by the otheer kind of banks, and a few other smaller and the market is clearly shiftingf in the direction of “overbuilt.” Dave CEO of , said no one is doing speculativr office developments in this environment, but projects can be done if a tenany commits up front for a sizeable chunmk of space. “A user-driven project makes he said.
The initial offic building at Neyer’s Linden Pointe office park in Norwoo is about 90percent leased, he and a second building could get under way if it had a 50,000-square-fooyt anchor tenant. Neyer is also renovatinbg the 150,000-square-foot former Hennegan Printing building at West Third and Central Avenue downtownfor ’s new The rapidly expanding joint venture is expected to move in this Laumer cited other bright spots, too, such as ’ relocatiojn to the former Gruen Watchn building on East McMillan. It more than doubledc its space. “There are deals being and there are businesses thatare growing,” Laumed said.
Still, landlords are happily accepting offerd now that they would have cringedr at only a few monthsago – includingt lowered lease rates, early terminatiojn rights and rent abatements. In the past they’d have “Why would I do this deal?” Laumerd said. But they’re quickly comingt around to the realizationthat “it might be the best deal you’r going to get for three years.” Severalk major projects are changing the office space landscapew in a tough time. Western & Southern Financial Group's Queen City Square opends in 2011, and an office tower is plannef forthe Banks.
Several major projects that either came on the markert recently or are under construction are helpingf push vacancy rates higher and leaserates That’s good for tenants, bad for owners and But it’s not just an oversupply of spaces coupled with a shortage of tenant demand that’s hurtinvg property owners. High construction including for interiortenant finishes, and worried lenderss are also weighing on the situation, said Michelwe Laumer at . From a developer’s perspective, “You’vse got the perfect storm,” Laumetr said.
In Cincinnati, they are already having a toughn time leasing newly completed office buildings such as Redston ein Kenwood, Columbia Square in Columbia Tusculum and Keystonre Park in Evanston. With the econom sinking, no additional projects are expectec to get under way without substantial Thatmeans “every bit of 50 percent, if not said Scott Yards, a broke at who is trying to line up tenants for a proposex 300,000-square-foot office tower for the “Cincinnati has weathered the storm fairly well. We’r not at a point where we’re significantluy overbuilt,” Yards said.
If a large corporatiom or law firmwantecd 100,000 square feet, it’s touggh to put together that much desirable space. “There’s not a lot of alternativews for big blocksof space,” he said. At not at the Lurking on the horizon, however, is ’s Queen City Squared skyscraper, which opens downtown in 2011. The 840,000-square-foot offic tower has about 300,000 square feet stilol available.
And the 530,000 squared feet that’s preleased by will creatr an exodus out ofthat company’w current quarters at 580 Walnut and 525 Add in the proposed Banks officwe space, impending consolidations by the otheer kind of banks, and a few other smaller and the market is clearly shiftingf in the direction of “overbuilt.” Dave CEO of , said no one is doing speculativr office developments in this environment, but projects can be done if a tenany commits up front for a sizeable chunmk of space. “A user-driven project makes he said.
The initial offic building at Neyer’s Linden Pointe office park in Norwoo is about 90percent leased, he and a second building could get under way if it had a 50,000-square-fooyt anchor tenant. Neyer is also renovatinbg the 150,000-square-foot former Hennegan Printing building at West Third and Central Avenue downtownfor ’s new The rapidly expanding joint venture is expected to move in this Laumer cited other bright spots, too, such as ’ relocatiojn to the former Gruen Watchn building on East McMillan. It more than doubledc its space. “There are deals being and there are businesses thatare growing,” Laumed said.
Still, landlords are happily accepting offerd now that they would have cringedr at only a few monthsago – includingt lowered lease rates, early terminatiojn rights and rent abatements. In the past they’d have “Why would I do this deal?” Laumerd said. But they’re quickly comingt around to the realizationthat “it might be the best deal you’r going to get for three years.” Severalk major projects are changing the office space landscapew in a tough time. Western & Southern Financial Group's Queen City Square opends in 2011, and an office tower is plannef forthe Banks.
Monday, October 10, 2011
Conn. gets tough with Amazon, pushing on with tax - BusinessWeek
inupujyfab1211.blogspot.com
WLFI.com | Conn. gets tough with Amazon, pushing on with tax BusinessWeek "They're fighting to protect an advantage against everybody else who's doing business in the state of Connecticut." Cash-strapped states across the country are grappling with how to capture the sales tax revenues that go uncollected from online ... Amazon rejects Connecticut's new online tax law; state not giving up, building ... |
Saturday, October 8, 2011
Senate rejects corporate minimum tax hike - Pacific Business News (Honolulu):
disadvantage-unlimited.blogspot.com
Democrats needed 18 votes — a supermajority requirefd to raisetaxes — to send the bill to Gov. Ted Kulongoski’x desk. Beaverton Democrat Mark Hass voted againsthe measure. Democrats will likely try to convincew Hass to vote for the measurw byamending it, possibly by writing a sunsey into the bill. “It all depends on him,” said J.L. a lobbyist for Associate Oregon Industries, the state’s most powerfulp business group. “Hass made it clear in his flootr statements thathe didn’tr think it was a fair option to increasr taxes permanently.” Such a sunset could lead otheer Democrats to vote against the bill.
However, because House Bill 3405 was technicallutabled — which would allow the measure, as to come up for another vote if leaders so chooss — majority leaders could also lobby moderate Republican members to suppory the corporate tax hikes as At the close of Wednesday’s session, Sen. Margarert Carter, a Portland Democratg and co-chair of the Ways and Means gave an impassioned benediction that seemefd to imploreRepublican “nay” voters. The measurwe was tabled as a procedural move.
Senatorss can call for a revote on a measure that change their own vote toa “no” and then request that the matter be tabled, ostensiblt so they can reconsider their Sen. Richard Devlin, the majority leader, used the move in an efforrt to have the matter Afterthe vote, the Senate tabled a related measure to rais personal income taxes on high-income “I’m disappointed that we came up short today.
I really believedd that the package brought forward by the chairs of the Revenu e Committees would bring greater fairness and equity to our tax systemk and help fill the unprecedenter gap in ourstatse budget,” said Senate President Peter Courtney in a news “We won’t, however, let this setbackl derail the session. We are going to move forwarc toward adjournment byJune 30.” House Speaker Dave Hunt issued a simila statement. “We passed this revenue package because we believe it is balanced and protects critical serviceslike education, health care and public safety,” Hunt, a Democraft from Clackamas, said in a news release.
“We are makingh $2 billion deep cuts to the This revenue package ensures that we can protectg those core servicesof education, health care and publicx safety. Without it, the cuts we will have to make willshutter schools, harm seniors and cut to the bone the serviced Oregonians care about greatly.” The House on Tuesdayt voted to increase the current corporate minimuk tax from $10 to between $150 and $100,000, depending on the size of a Under the plan, corporate income tax ratexs would have risen from 6.6 percent to 7.9 percengt before reverting to 7.6 percentf in 2011. The measure would have raised $261 million over the 2009-11q biennium and $775 million between 2009 and 2015.
All 125,000 Oregon corporations would have paid more Another measure sought to raisr income taxes on individual filers earningv morethan $125,000 and joinyt filers earning more than $250,000. The billsx combined would haveraised $582 million over the next two yearsx and $1.2 billion over the next six years. Lawmakers contended the measures could help reducethe state’s $4.2 billionm budget shortfall. Throughout the day, lobbyists trackedc meetings between Courtney, Hass and Democrativc senators Margaret Schrader and Joanne who were believed to beswingh votes. Verger had expressed reservations, like Haas, that the tax increases wouldrbecome permanent.
Schrader and Vergert eventually voted yes on the corporatwetax measures. Hass couldn’gt be reached for comment. “Hed had to have a lot of courage to cast that saidJay Clemens, president and CEO of Associated Oregon Industries. AOI recentlt organized the Alliance of Oregon Business which represents morethan 40,000 businesses across the It had called for a $300 flat tax, regardlesz of business size or income. Even beforre Hass’ vote, business groups had expressed concerns that Democrats were seeking a permanenttax hike, not a temporaru one.
Phil Keisling, the former Oregon Secretarty ofState who’s now an executive with Beaverton-based CorSourcse Technology Group, confirmed that many businesses were upset that Democratsw sought to make the corporater income tax rate hike, from 6.6 percent to 7.9 permanent. “We were told it would be temporary,” Keisling said of the earlt talks regarding theproposecd hikes. “And we asked them this ‘What part of temporary don’t you understand?
’”
Democrats needed 18 votes — a supermajority requirefd to raisetaxes — to send the bill to Gov. Ted Kulongoski’x desk. Beaverton Democrat Mark Hass voted againsthe measure. Democrats will likely try to convincew Hass to vote for the measurw byamending it, possibly by writing a sunsey into the bill. “It all depends on him,” said J.L. a lobbyist for Associate Oregon Industries, the state’s most powerfulp business group. “Hass made it clear in his flootr statements thathe didn’tr think it was a fair option to increasr taxes permanently.” Such a sunset could lead otheer Democrats to vote against the bill.
However, because House Bill 3405 was technicallutabled — which would allow the measure, as to come up for another vote if leaders so chooss — majority leaders could also lobby moderate Republican members to suppory the corporate tax hikes as At the close of Wednesday’s session, Sen. Margarert Carter, a Portland Democratg and co-chair of the Ways and Means gave an impassioned benediction that seemefd to imploreRepublican “nay” voters. The measurwe was tabled as a procedural move.
Senatorss can call for a revote on a measure that change their own vote toa “no” and then request that the matter be tabled, ostensiblt so they can reconsider their Sen. Richard Devlin, the majority leader, used the move in an efforrt to have the matter Afterthe vote, the Senate tabled a related measure to rais personal income taxes on high-income “I’m disappointed that we came up short today.
I really believedd that the package brought forward by the chairs of the Revenu e Committees would bring greater fairness and equity to our tax systemk and help fill the unprecedenter gap in ourstatse budget,” said Senate President Peter Courtney in a news “We won’t, however, let this setbackl derail the session. We are going to move forwarc toward adjournment byJune 30.” House Speaker Dave Hunt issued a simila statement. “We passed this revenue package because we believe it is balanced and protects critical serviceslike education, health care and public safety,” Hunt, a Democraft from Clackamas, said in a news release.
“We are makingh $2 billion deep cuts to the This revenue package ensures that we can protectg those core servicesof education, health care and publicx safety. Without it, the cuts we will have to make willshutter schools, harm seniors and cut to the bone the serviced Oregonians care about greatly.” The House on Tuesdayt voted to increase the current corporate minimuk tax from $10 to between $150 and $100,000, depending on the size of a Under the plan, corporate income tax ratexs would have risen from 6.6 percent to 7.9 percengt before reverting to 7.6 percentf in 2011. The measure would have raised $261 million over the 2009-11q biennium and $775 million between 2009 and 2015.
All 125,000 Oregon corporations would have paid more Another measure sought to raisr income taxes on individual filers earningv morethan $125,000 and joinyt filers earning more than $250,000. The billsx combined would haveraised $582 million over the next two yearsx and $1.2 billion over the next six years. Lawmakers contended the measures could help reducethe state’s $4.2 billionm budget shortfall. Throughout the day, lobbyists trackedc meetings between Courtney, Hass and Democrativc senators Margaret Schrader and Joanne who were believed to beswingh votes. Verger had expressed reservations, like Haas, that the tax increases wouldrbecome permanent.
Schrader and Vergert eventually voted yes on the corporatwetax measures. Hass couldn’gt be reached for comment. “Hed had to have a lot of courage to cast that saidJay Clemens, president and CEO of Associated Oregon Industries. AOI recentlt organized the Alliance of Oregon Business which represents morethan 40,000 businesses across the It had called for a $300 flat tax, regardlesz of business size or income. Even beforre Hass’ vote, business groups had expressed concerns that Democrats were seeking a permanenttax hike, not a temporaru one.
Phil Keisling, the former Oregon Secretarty ofState who’s now an executive with Beaverton-based CorSourcse Technology Group, confirmed that many businesses were upset that Democratsw sought to make the corporater income tax rate hike, from 6.6 percent to 7.9 permanent. “We were told it would be temporary,” Keisling said of the earlt talks regarding theproposecd hikes. “And we asked them this ‘What part of temporary don’t you understand?
’”
Thursday, October 6, 2011
Home sales at lowest levels in five years - Birmingham Business Journal:
http://goodproducts.biz/Saxophone-2/Jazztrumpets/
While real estate agents expect the market to see increased activity this year because ofthe $8,00o0 tax credit, insiders predict sales levels won’t reacbh the highs of years Nor should they, said Rick Heben, general manager of Coldwell Banker Heritage Realtors. “Selling 15,000 homesd a year was We know that because of the number of Heben said. “It was artificial.” With lowerec lending restrictions and plenty of financing peoplewho didn’t have adequate fundes were purchasing homes they couldn’t afford. Agentx said the number of sales has returned to 2003 levele ofabout 11,000 or 12,000 per closer to a “normal” level.
But the slowdown has been January saw the fewest number of homews sold in the Dayton area in five with 520 homeschanging ownership. November and Decembere also posted the lowest sales transactions for their respectivr months in the pastfive years. Last 630 homes were sold, which represents a nearly 30 percenty drop from November of a month that saw884 sales. “Businesws wasn’t too bad until the middle of last Going bypure numbers, it was horribl when October rolled around,” said Steve Weiser, team leadeer and broker for in Beavercreek.
He said the Daytob area won’t go back to the highsa of 2005, but the tax credit for first-time home buyerz should help lower the amount of inventorh onthe market. In there were 8,300 homes on the While the figure is lowerd thanlast January’s inventory, the slower sales pace means those homes represent a supply of 16 months, up from 14 monthx last January. The balance between a buyer’ws market and a seller’s market is generallyy thought to bea six-month supply of That way, neither the buyer nor the sellerd is in a position of power when it comes to closinf a deal.
Debra owner/broker for in Beavercreek, said it is nice to help people buya home, but the real help will be gettinf homes off the market, freeing others to buy. “Thed first one has to happen beforde anything elsecan happen,” White said. “Real estated is like dominos, if they (first-time home buyers) don’f buy, no one else can.” Bill Rogers, vice president of Sibcg Cline’s , said with the slow down, many real estatew agents have either put their licenses on hold or left thebusinesa altogether. “Hundreds have dropped Rogers said.
White said with agents either out of the game or focusint lesson work, the tax credit may not have the same impactr as it would if the market wasn’t so sour. Bob Jones, communications coordinator forthe , said the numbet of members fluctuates from month to month and has been as low as 2,3009 and as high as 2,800 in the past five As of January, there were 2,683
While real estate agents expect the market to see increased activity this year because ofthe $8,00o0 tax credit, insiders predict sales levels won’t reacbh the highs of years Nor should they, said Rick Heben, general manager of Coldwell Banker Heritage Realtors. “Selling 15,000 homesd a year was We know that because of the number of Heben said. “It was artificial.” With lowerec lending restrictions and plenty of financing peoplewho didn’t have adequate fundes were purchasing homes they couldn’t afford. Agentx said the number of sales has returned to 2003 levele ofabout 11,000 or 12,000 per closer to a “normal” level.
But the slowdown has been January saw the fewest number of homews sold in the Dayton area in five with 520 homeschanging ownership. November and Decembere also posted the lowest sales transactions for their respectivr months in the pastfive years. Last 630 homes were sold, which represents a nearly 30 percenty drop from November of a month that saw884 sales. “Businesws wasn’t too bad until the middle of last Going bypure numbers, it was horribl when October rolled around,” said Steve Weiser, team leadeer and broker for in Beavercreek.
He said the Daytob area won’t go back to the highsa of 2005, but the tax credit for first-time home buyerz should help lower the amount of inventorh onthe market. In there were 8,300 homes on the While the figure is lowerd thanlast January’s inventory, the slower sales pace means those homes represent a supply of 16 months, up from 14 monthx last January. The balance between a buyer’ws market and a seller’s market is generallyy thought to bea six-month supply of That way, neither the buyer nor the sellerd is in a position of power when it comes to closinf a deal.
Debra owner/broker for in Beavercreek, said it is nice to help people buya home, but the real help will be gettinf homes off the market, freeing others to buy. “Thed first one has to happen beforde anything elsecan happen,” White said. “Real estated is like dominos, if they (first-time home buyers) don’f buy, no one else can.” Bill Rogers, vice president of Sibcg Cline’s , said with the slow down, many real estatew agents have either put their licenses on hold or left thebusinesa altogether. “Hundreds have dropped Rogers said.
White said with agents either out of the game or focusint lesson work, the tax credit may not have the same impactr as it would if the market wasn’t so sour. Bob Jones, communications coordinator forthe , said the numbet of members fluctuates from month to month and has been as low as 2,3009 and as high as 2,800 in the past five As of January, there were 2,683
Tuesday, October 4, 2011
Fort Wayne homeless shelter for vets gets $88892 grant - Fort Wayne Journal Gazette (blog)
vezasid.wordpress.com
Fort Wayne homeless shelter for vets gets $88892 grant Fort Wayne Journal Gazette (blog) As part of its "Celebration of Service" initiative to honor US military veterans, The Home Depot® Foundation today announced a $88892 grant to Indianapolis-based Volunteers of America of Indiana to address the critical housing needs of US military ... The Home Depot Foundation Announces $1.5 Million in New Grants to Nonprofits ... Volunteers of America Receives $1 Million from The Home Depot® Foundation to ... Grant will help provide 49 beds of transitional housing to homeless vets in ... |
Sunday, October 2, 2011
Cutting dealers won
oc697vot.blogspot.com
Chrysler and , which plan to close 1,100 dealerships by October contend they need to reduce the size of their dealer networksd in order to be more competitivs withand , which sell more cars in the U.S. with a lot fewerr dealers. Chrysler, in a bankruptcy court filing, arguesz that trimming the ranks of its dealersd will boost the profitabilityh of the dealersthat remain, enabling them to invest in improvementse that will drive up sales. “After a periofd of time, and substantially improverd marketingand investments, overal l sales in the reduced network are anticipated to grow beyonds current sales levels within the existing Chrysler contends.
That’s highly unlikely, according to the . “There’s not an auto executivs that I know ofthat doesn’t acknowledge that when a dealership closes, they lose market share,” said David Hyatt, NADA’es vice president of publicd affairs. Cutting costs was not a major factorin Chrysler’s decision. The auto maker will save some administrativde expenses by having a smaller dealer networkkto oversee, but that’sz about it. Dealers buy their cars befores the vehicles leavethe factory, pay for shipping, frongt the costs of any rebates or warranty and purchase repair equipment.
Dealerzs provide “a robust distribution network at virtually no toauto makers, Hyatt Three local dealerships are slated to lose their franchises with Chryslef — Dayton-based , Eaton-based and , doingt business as in Oxford — along with 786 other dealerx across the country. Tens of thousands of jobs are expectedd to be lost nationwide as a result of the dealership About 300 Chrysler dealers have challengedthe automaker’s requesft for a bankruptcy judge to terminate their dealershilp agreements and pre-empt state laws that would require Chryslere to give dealers more time to wind down their businesses.
Chrysle r has been working to reduce its dealer networjk forseveral years. That process, however, needw to be accelerated because of its proposeed alliancewith Fiat, it contends. Bankruptchy courts routinely terminate contracts if doing so benefitxsthe debtor’s estate and is an exercise of sound businesa judgment, Chrysler states in its filing. Chrysler dealers, contend abruptly closing dealerships doesn’t meet this “There is no evidence that by rejecting dealership agreements New Chryslee will save money to any materiapl degree or enhance its competitive positiomn in theautomobile industry,” states a filing made by the .
“To the contrary, closing dealers narrows distribution andreducexs Chrysler’s sales and income as fewer dealersa buy fewer cars and retail sales are lost to othe brands.” Chrysler’s bankruptcy judge is scheduled to hold a hearinv on this issue June 3. That same day, the is scheduled to hold a hearing on the Chryslef and GMdealership closings. “These companies cannot be allowee to take taxpayer funds fora bailout, and then leave locak dealers and their customers to fend for themselves with no real notice and no real help,” said committee Chairman U.S. Sen. John Rockefeller IV, D-W.Va.
“Wed must ensure that the auto dealerse are treated equitably and have the opportunity to unwind their operations in a manner that will minimize hardships to employees who lose theifr jobs and communities that are adversely said U.S. Sen. Kay Bailey R-Texas. Hutchison was encouraged by a promise from Chryslet PresidentJames Press, who told her the company would help the terminaterd dealers sell their vehicle and parts inventory. If this assistancw falls short, Hutchison is preparedd to push legislation that would give the dealerships an extrs 60 daysbefore closing.
auto dealers and members of Congress are lobbyingf President Barack Obama and his automotive task forc e to reconsider the wisdok of closing so many dealerships so The Obama administration rejected theauto makers’ initial restructuring plans and urgefd them to be more “It should not be the role of government to force these small businesds owners out of business,” said U.S. Rep. Blaines Luetkemeyer, R-Mo., one of several House memberxs who sent a letter to task forcer chiefSteven Rattner, founder of the , a New York private equithy firm. “This decision will not fix the problemz of the auto manufacturing industry, yet it will cost our communitiesd good jobs.
”
Chrysler and , which plan to close 1,100 dealerships by October contend they need to reduce the size of their dealer networksd in order to be more competitivs withand , which sell more cars in the U.S. with a lot fewerr dealers. Chrysler, in a bankruptcy court filing, arguesz that trimming the ranks of its dealersd will boost the profitabilityh of the dealersthat remain, enabling them to invest in improvementse that will drive up sales. “After a periofd of time, and substantially improverd marketingand investments, overal l sales in the reduced network are anticipated to grow beyonds current sales levels within the existing Chrysler contends.
That’s highly unlikely, according to the . “There’s not an auto executivs that I know ofthat doesn’t acknowledge that when a dealership closes, they lose market share,” said David Hyatt, NADA’es vice president of publicd affairs. Cutting costs was not a major factorin Chrysler’s decision. The auto maker will save some administrativde expenses by having a smaller dealer networkkto oversee, but that’sz about it. Dealers buy their cars befores the vehicles leavethe factory, pay for shipping, frongt the costs of any rebates or warranty and purchase repair equipment.
Dealerzs provide “a robust distribution network at virtually no toauto makers, Hyatt Three local dealerships are slated to lose their franchises with Chryslef — Dayton-based , Eaton-based and , doingt business as in Oxford — along with 786 other dealerx across the country. Tens of thousands of jobs are expectedd to be lost nationwide as a result of the dealership About 300 Chrysler dealers have challengedthe automaker’s requesft for a bankruptcy judge to terminate their dealershilp agreements and pre-empt state laws that would require Chryslere to give dealers more time to wind down their businesses.
Chrysle r has been working to reduce its dealer networjk forseveral years. That process, however, needw to be accelerated because of its proposeed alliancewith Fiat, it contends. Bankruptchy courts routinely terminate contracts if doing so benefitxsthe debtor’s estate and is an exercise of sound businesa judgment, Chrysler states in its filing. Chrysler dealers, contend abruptly closing dealerships doesn’t meet this “There is no evidence that by rejecting dealership agreements New Chryslee will save money to any materiapl degree or enhance its competitive positiomn in theautomobile industry,” states a filing made by the .
“To the contrary, closing dealers narrows distribution andreducexs Chrysler’s sales and income as fewer dealersa buy fewer cars and retail sales are lost to othe brands.” Chrysler’s bankruptcy judge is scheduled to hold a hearinv on this issue June 3. That same day, the is scheduled to hold a hearing on the Chryslef and GMdealership closings. “These companies cannot be allowee to take taxpayer funds fora bailout, and then leave locak dealers and their customers to fend for themselves with no real notice and no real help,” said committee Chairman U.S. Sen. John Rockefeller IV, D-W.Va.
“Wed must ensure that the auto dealerse are treated equitably and have the opportunity to unwind their operations in a manner that will minimize hardships to employees who lose theifr jobs and communities that are adversely said U.S. Sen. Kay Bailey R-Texas. Hutchison was encouraged by a promise from Chryslet PresidentJames Press, who told her the company would help the terminaterd dealers sell their vehicle and parts inventory. If this assistancw falls short, Hutchison is preparedd to push legislation that would give the dealerships an extrs 60 daysbefore closing.
auto dealers and members of Congress are lobbyingf President Barack Obama and his automotive task forc e to reconsider the wisdok of closing so many dealerships so The Obama administration rejected theauto makers’ initial restructuring plans and urgefd them to be more “It should not be the role of government to force these small businesds owners out of business,” said U.S. Rep. Blaines Luetkemeyer, R-Mo., one of several House memberxs who sent a letter to task forcer chiefSteven Rattner, founder of the , a New York private equithy firm. “This decision will not fix the problemz of the auto manufacturing industry, yet it will cost our communitiesd good jobs.
”
Friday, September 30, 2011
Hemispherx getting closer to satisfying application issues - Philadelphia Business Journal:
amesit.wordpress.com
In December, the Food and Drug Administration told Hemispherx its applicatiojn forAmpligen -- a controversial new drug candidatew that has been under development for more than threde decades -- was incomplete. Hemispherx officials said part of the problen with its filing was tied to changes in clinicapl data reporting guidelines that have occurred sincse the initial studies on Ampligen were conducted in the late 1980s andearly 1990s. The company has subsequently submitted a clarifyintg amendment to its application and hada face-to-fac meeting with FDA officials. Hemispherx, led by Dr.
William Carter, said it has reducexd the number of items it now must accomplisjh to submit a completw NDA from the original 14to five. The compan said it plans to "promptly" address the remaining five itemsx through a series of additional amendments to its new drug The unresolved items all relateto clarifying, or providintg additional, clinical trial data. "Whiler the company is optimistic as to the progress of the NDA there are no assurances that the FDA will accep the amended NDA for and if accepted there are no assurancea that the NDA will be Hemispherx said ina statement.
Hemispherx's submissioh includes study data covering morethan 1,200 patientsw who were administered more than 90,000 dosews of Ampligen. BioNJ is joining forces with the New York Biotechnologt Association for a networking cruise on theHudsojn River. The "NewX2 BioCruise" will take place March 25 aboars the World YachtPrincess Vessel. Sol Barer, chairmamn and CEO of Celgene Corp., and Coli n Goddard, CEO of OSI Pharmaceuticals, will be the features speakers forthe events. Tickets are $150 for members of the biotec trade groupsand $105 for nonmembersa ... of Fort Washington hired Dr. Richard Gregg as chiet science officer.
Gregg was previously with Bristopl Myers-Squibb, where he was vice president ofclinical Gregg's appointment is part of a formal succession plan to allow Vitae co-founder Dr. Jack Baldwin to step back from day-to-dayy oversight of the company's research programs and focus onthe Vitae'ws long-term strategic, scientific and technical planning ... Joel F. Smith was namedx chairman of Elkins Park-based BioStrategy Partners Inc., a nonprofit servicew organization thatassists early-stage life sciences companies in the Smith succeeds former chairwoman Patrici a Weeks, who recently retired as vice presidentg of planning and business development at .
Weeks was named chair emeritus of Smith is principaland co-founder of The Peoplee Source Group, a finance, humam resources and information technology consultinh firm based in Maple Glen ... of Malvern initiated of a multicenter clinical trial for its experimental treatment of eosinophilif esophagitis inpediatric patients. Eosinophilic esophagitis, a condition for whic h there isno cure, is a chroniv inflammatory disease characterized by difficulty swallowing, stomach or chest pain, and a failure to thrive. Ception's goal is to enrollk about 172 patients intoits phase-II/III clinicaol trial.
Phase III trials are the last step a company takes before seeking approval for a new drug candidate ... received notification from the NASDAQa stock market that the compant has regained compliancewith NASDAQ'sx $1 minimum bid price requirement for continuer listing. The Montgomeryville medical devicw maker had till May 19 to regaij compliance with the minimum bidprice rule.
In December, the Food and Drug Administration told Hemispherx its applicatiojn forAmpligen -- a controversial new drug candidatew that has been under development for more than threde decades -- was incomplete. Hemispherx officials said part of the problen with its filing was tied to changes in clinicapl data reporting guidelines that have occurred sincse the initial studies on Ampligen were conducted in the late 1980s andearly 1990s. The company has subsequently submitted a clarifyintg amendment to its application and hada face-to-fac meeting with FDA officials. Hemispherx, led by Dr.
William Carter, said it has reducexd the number of items it now must accomplisjh to submit a completw NDA from the original 14to five. The compan said it plans to "promptly" address the remaining five itemsx through a series of additional amendments to its new drug The unresolved items all relateto clarifying, or providintg additional, clinical trial data. "Whiler the company is optimistic as to the progress of the NDA there are no assurances that the FDA will accep the amended NDA for and if accepted there are no assurancea that the NDA will be Hemispherx said ina statement.
Hemispherx's submissioh includes study data covering morethan 1,200 patientsw who were administered more than 90,000 dosews of Ampligen. BioNJ is joining forces with the New York Biotechnologt Association for a networking cruise on theHudsojn River. The "NewX2 BioCruise" will take place March 25 aboars the World YachtPrincess Vessel. Sol Barer, chairmamn and CEO of Celgene Corp., and Coli n Goddard, CEO of OSI Pharmaceuticals, will be the features speakers forthe events. Tickets are $150 for members of the biotec trade groupsand $105 for nonmembersa ... of Fort Washington hired Dr. Richard Gregg as chiet science officer.
Gregg was previously with Bristopl Myers-Squibb, where he was vice president ofclinical Gregg's appointment is part of a formal succession plan to allow Vitae co-founder Dr. Jack Baldwin to step back from day-to-dayy oversight of the company's research programs and focus onthe Vitae'ws long-term strategic, scientific and technical planning ... Joel F. Smith was namedx chairman of Elkins Park-based BioStrategy Partners Inc., a nonprofit servicew organization thatassists early-stage life sciences companies in the Smith succeeds former chairwoman Patrici a Weeks, who recently retired as vice presidentg of planning and business development at .
Weeks was named chair emeritus of Smith is principaland co-founder of The Peoplee Source Group, a finance, humam resources and information technology consultinh firm based in Maple Glen ... of Malvern initiated of a multicenter clinical trial for its experimental treatment of eosinophilif esophagitis inpediatric patients. Eosinophilic esophagitis, a condition for whic h there isno cure, is a chroniv inflammatory disease characterized by difficulty swallowing, stomach or chest pain, and a failure to thrive. Ception's goal is to enrollk about 172 patients intoits phase-II/III clinicaol trial.
Phase III trials are the last step a company takes before seeking approval for a new drug candidate ... received notification from the NASDAQa stock market that the compant has regained compliancewith NASDAQ'sx $1 minimum bid price requirement for continuer listing. The Montgomeryville medical devicw maker had till May 19 to regaij compliance with the minimum bidprice rule.
Wednesday, September 28, 2011
Proposed Glendale casino clears first federal hurdle - Houston Business Journal:
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The U.S. Interior Department cleared plans by theTohono O'odhakm Nation for a casino on countty land bordering Glendale to be further reviewed for final federal approval. The O'odham want to develop a 1.2 million-square-foot casino and resorg on unincorporated county land at 91st andNorthern avenues. The O'odhamj reservation is located in Tucson, but a 1983 federap law allows the tribe to acquire landz in the Phoenix and Casa Grandwe areas to replace lands itpreviously lost. The O'odham point to that law in theifr attempt to get the Glendale casinop approved bythe U.S. The approval received this week was apreliminary review, and the U.S.
Interiore Department will further consider the The city of Glendale is fighting thecasinoo plans, citing concerns about the costds of infrastructure, security and City officials and some real estatew developers in the West Valley area also worry aboutg the casino's impact on the area'w growth and development. The casino is north of UOP Jobing.com Arena and Westgate City Center. The Arizonq Cardinals and National Football League have said they do not opposedthe casino.
The U.S. Interior Department cleared plans by theTohono O'odhakm Nation for a casino on countty land bordering Glendale to be further reviewed for final federal approval. The O'odham want to develop a 1.2 million-square-foot casino and resorg on unincorporated county land at 91st andNorthern avenues. The O'odhamj reservation is located in Tucson, but a 1983 federap law allows the tribe to acquire landz in the Phoenix and Casa Grandwe areas to replace lands itpreviously lost. The O'odham point to that law in theifr attempt to get the Glendale casinop approved bythe U.S. The approval received this week was apreliminary review, and the U.S.
Interiore Department will further consider the The city of Glendale is fighting thecasinoo plans, citing concerns about the costds of infrastructure, security and City officials and some real estatew developers in the West Valley area also worry aboutg the casino's impact on the area'w growth and development. The casino is north of UOP Jobing.com Arena and Westgate City Center. The Arizonq Cardinals and National Football League have said they do not opposedthe casino.
Sunday, September 25, 2011
Damon Lindelof's History of 'Lost' (A Show He Longed to Quit) - Reuters
vezasid.wordpress.com
Damon Lindelof's History of 'Lost' (A Show He Longed to Quit) Reuters One of the main calling cards of the show -- the flashbacks to characters' lives before they crash landed on the island -- was simply a way to cut away from the same old tropical locale. And the out-of-sync storytelling was ... |
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