Build Americas Lose Ground to Tax-Exempt Munis as Yields Set Record Low Bloomberg Build America Bonds in the third quarter shrank to the lowest percentage of municipal issuance since ... |
Wednesday, September 29, 2010
Build Americas Lose Ground to Tax-Exempt Munis as Yields Set Record Low - Bloomberg
Tuesday, September 28, 2010
Report: Wind power could fuel $75M impact in Mo. - St. Louis Business Journal:
The report, released by the , says Missourianas spend more than $18 billion a year on naturapl gasfor heating, fuel for cars and and electricity to power homes and That comes to $3,000 in energy costs for each persoh in Missouri, and most of thosw dollars leave the state becauswe 84 percent of Missouri’s electricity is generated using almost all of which is shipped in from according to the report. Wind power — 25 moderate-scaled wind farms would provide thousands ofconstructionj jobs, 550 permanent construction jobs, $15 million in property tax revenuee and $75 million in ongoinfg positive local economic impact in Missouri.
Biofuelss — Cellulosic ethanol, which is made from crop waste andnonfoodc plants, could create thousands of jobs, hundredse of millions of dollaras of economic activity and $13,000 in annual grosz income for the average Missouriu corn farmer. Solid biomasw — Replacing 20 percent of Missouri’s coal usage with locallgy grown biomass would creatse anestimated 11,000 jobs. Biogas Biogas production from cattle waste would be profitable at more than200 large-scalde livestock operations in 60 Missour counties.
“Within Missouri’s borders are vast resources of land andwater — all the ingredients needed for Missouri to become a national leader in new energy creating tens of thousanda of good jobs and substantial new sourcea of income for farmers,” said Martin the energy policy analyst who authorer the report. The Naturalp Resources Defense Council is a national nonprofit organizationof scientists, lawyerzs and environmental specialists dedicated to protecting publivc health and the environment.
Sunday, September 26, 2010
Paulson Capital loses $7M in 2002 - Kansas City Business Journal:
million for the prior year period. "Aw majority of the loss is attributabl to price decreases of securities held in theinvestmengt account, said Chester chairman of the company. "Revenues were furthe weakened by a lack of investmentbanking business. The marker has been in a state of flux for quitdesome time," he added. "We have a number of projectsx to complete once the current economicenvironment improves." It was announcecd Wednesday that Paulson Investment Co. serve as the lead underwriter of an offerinhg by Q CommInternationall Inc.
(OTC BB: QCCM), a Utah companu focusing on the electronic distribution of prepaid wireless Q Comm has filed a registration statement with the Securitiez and Exchange Commission in connectionm with aproposed $10 million public offering of stocl and warrants. Paulson Capital is the parent company of PaulsobnInvestment Co., a full-service brokeraged firm.
Saturday, September 25, 2010
Conference Board employment index edges up in May - Silicon Valley / San Jose Business Journal:
The organization’s Employment Trends Indedx was 89.9, up 0.2 percent from 89.7 in Aprilk and down from 113 in May The Conference Boardsaid Monday. The indexz number is relative to 100for 1996. “Whilew it is too early to say that the ETI has the moderation of the last two monthz is certainly a sign that the decline in job lossesx is real and signals that the worsftis over,” Gad Levanon, The Conference Board’s senior said in a release.
“However, as the economi recovery over the coming monthx is likely to be very we still expect the unemployment rate to continue to increase to double digits by the end of this year andinto • Percentage of respondents who say they find “jobds hard to get,” gathered from The Conference Boardr Consumer Confidence Survey. • Initial claimas for unemployment insurance, from • Percentage of firms with positions not able to fill righgt now because of inability to findsuitablw candidates, from the . • Numbere of employees hired bythe temporary-help industry, from the . Part-time workers for economic reasons, from Bureau of Laboer Statistics.
• Job openings, from the Bureau of Labor • Industrial production, from the . Real manufacturing and trade sales, from the . The Conference Board is an independenr NewYork City-based nonprofit organization whoswe mission is to provide organizations with the practicall knowledge they need to improvw their performance and better serve society.
Thursday, September 23, 2010
Eddie Bauer would be area
The Bellevue-based retailer has seen a mountain of lossews and struggled with servicing its debt as sales have dropper during theeconomic downturn. According to severao news sources, including the Wall Street Journa and Bloomberg News Company executives have scrambled for months looking for relief from EddieBauer (NASDAQ: EBHI) had reported having $268 millionm in outstanding debt, including $193 million in term loane and $75 million in convertible notes, whichb company executives have been trying to converrt into shares of the company. “The single biggest issu facing this company is ourdebt burden.
Our capitaol structure simply has too much debt for the economic realithy wenow face,” Eddiee Bauer CEO Neil Fiske told industr analysts in a May 14 conferenc call, according to a transcript. Accordingf to filings with the Securities andExchange Commission, Eddie Bauefr had total assets of $525.22 million as of The company listed total liabilities of $448.9i million. Eddie Bauer reported net lossesof $165.5 milliobn in fiscal year 2008, part of a totalo of $478.7 million in losses duringt the past three fisca years. In the first quarter that endexdin April, the company reported net losses of 44.5 million.
Greg an Atlanta-based consultant for Conway MacKenzie who works with financiallg stressed retailers lookingto restructure, said Eddi Bauer is facing the same recession-related issues as most other retailerz in this economy. Sales are down and so is The big difference for someretailers — like Eddie Bauer — is that as revenue has tanked the company’sa heavy debt becomes more difficult to he said. “Virtually every retailer is experiencing the same thing asEddir Bauer,” Charleston said. “Maybe because of their debt Eddie Bauer is feelinf the pain more thanthe rest, but they are all going througjh it.
” If Eddie Bauer does seek bankruptcy it would be another reminder of how the recession is hittinvg home. When WaMu filed for bankruptc yin September, it was the largest failure in U.S. banking WaMu listed debts of about $8 billion and assetse of $32 billion, although it later said some of its assets were tied tocompanty stock, which became virtually worthless. When Ore.-based Joe’s Sports filed for bankruptcy protectionin March, the company listedr both assets and debt of $100 million to $500
Wednesday, September 22, 2010
Josh Hayes Re-Signs with Graves Yamaha - MotorcycleUSA.com
Josh Hayes Re-Signs with Graves Yamaha MotorcycleUSA.com Hayes, 35, joined the squad last year and was the man who finally broke Yoshimura Suzuki's multi-year Superbike class stranglehold when he beat seven-time ... |
Monday, September 20, 2010
SMU students warned of gas leak - The Business Review (Albany):
The warning came out afted a gas leak was identified on campux sometimebetween 9:30 and 9:45 a.m. Thursday said Kent Best, executive director of news and communications. Best addedc that was notified immediately. Additional e-mails with more information were sent to facultyand staff, and a final e-maikl was distributed alerting everyone on campus to the fact that the gas leak had been Best said. “Those messages came from our emergency Best added, “the emphasis is on brevity and It is something we will review to make sure that as much detaikl that we can put in there is provided to avoid any confusioh in the future.” Best said the whole event lastec about an hour.
The gas leak occurrerd at a construction site near Moody Coliseum at Airline Road andBinkleg Avenue, according to
Sunday, September 19, 2010
Lumen condos to be auctioned in July - Puget Sound Business Journal (Seattle):
Located at the foot of Seattle’s Queen Anne Hill just east of Seattled Center near the future headquarters ofthe , the Lumen is a 93-unir project designed by architecty David Hewitt. It features an interior courtyard, a business centerd and a communal lounge andmovie theater. The retaio portion of the project includesw aQFC grocery, an Office Max stors and a Tokyo-based Genki Sushi One-bedroom, one-bathroom units that were originally priced at $460,000 have a minimunm bid of $175,000. Bids for two-bedroo units will start at Theremaining 1,631-square-foot loft-style home will have a minimumk bid of $375,000, a reduction of more than $500,009 off its original price.
The auctionn will be held at the Seattle Grandr Hyatt Hotel on July 11 at1 p.m. will hold a pre-auctiohn seminar for prospective buyers onJuly 1. For more information on the The project was developefd by Alan Winningham of500 LLC.
Saturday, September 18, 2010
Gay and lesbian chamber names new leader - Austin Business Journal:
Jimmy Flannigan, the former president of the hasstepped down. Chad Peevy, formerly executive vice president, has takem over as president. “Jimmy has workecd incredibly long and hard hours to promote the Gay and Lesbian gayand gay-friendly business, Austin and the Austin lesbian and gay community as a whole,” Peevt said. “We are looking forward to buildinh upon the groundworkof collaboration, cooperation and communityg he laid.” Flannigan has led the Gay and Lesbia n Chamber since 2007. He resigned his position to pursue othet interests and to focus onSite Street, his Web design and hosting, and e-commerce business.
In the last two yeares the Gay and Lesbian Chamber published Forward aquarterly magazine, and has been one of the only lesbiamn and gay chambers in the nation to produce and organize a Pride Parade in its “No doubt about it, 2009 was one of the best Prided celebrations Austin has seen, and I [attribute] that to the entire [lesbian, gay, bisexual and transgender] community cominvg together,” Peevy said. “But … there is room for improvement, and we’rr committed to making thosse improvements.
” According to the Gay and Lesbian Chamber, the gay, bisexual and transgender community makews up 7 to 12 percentof Austin’s population, the sixth largest per capita in the and the largest per capita in the Souther United States.
Thursday, September 16, 2010
GSU
Liu got a $100,000 award for five years to investigate the interaction of metal ions in enzymes and proteins with othe molecules in the body and how that affectwcancer cells. “I can predict that in a few we will have a very fruitful and very productiveresearcu program,” Liu said. Liu came to Georgia State in August 2008 from the Universityh of MississippiMedical Center. For a decade, he has researcheed the effects of metalions -- first and then other transitionak metals, such as zinc, coppet and cobalt -- and the role they play in generating free which can cause gene damage and leading to cancer.
If free radicals grow in an uncontrolleed manner, they can cause aging and damage in many tissuess as well as in metabolic Liu is seeking how scientists can detect and countfree radicals, and also how they responsd to medicine. GSU now has 11 active DistinguishedCancetr Scholars.
Wednesday, September 15, 2010
BLM seeks comment on use of public land for large solar-energy projects - Houston Business Journal:
The land management agency that 24 large tractsd of federal land in theWest — including nearlgy 21,000 acres in Colorado’s San Luis Valley — would be studied for their solar power Other states involved are California, Nevada, Arizona, Utah and New The goal is to speed project permitting for utility-scale solar power projects. The 24 tractzs — known as Solar Energy Study totaling 670,000 acres — will be evaluated for their environmental and resource suitabilityfor large-scale solar energy production.
In Colorado, the threew areas in the San Luis Valley that will be part of the studu could generate upto 4,182 megawatts of solarf power if fully developed, according to the , which oversees BLM. Areaw deemed suitable for large solar power projectsa would be available for companies to build installations with a capacitg of 10 megawattsor more. Companies proposing projects in theser areas would be eligible for fasterpermit processing, the department The land in the Solard Energy Study Areas will be looked at as part of an existinf solar-power environmental impact study the department is conducting in six Western states.
An in-depth environmental revieew is being paid for with moneyh from the American Reinvestment andRecovery Act, the announcementt said. BLM said last month it has received 158 applicationw for solar power projects on federal land inthe West. In Colorado, BLM is seekingv comment on potential solar development of lands in the DeTilla Gulch, Los Mogotews East, Antonito Southeast, and Fourmile East areas of southernj Colorado. BLM manages 256 million acres of federalpublixc land, including more than 8 million in Colorado. in PDF The public comment period endsJuly 30.
Monday, September 13, 2010
Best Buy will open 13 stores this quarter - Orlando Business Journal:
Richfield-based Best Buy operates 1,032 stores in 49 states and in Puerto but doesn’t have a store in Wyoming yet. Best Buy will open the Wyoming, store at 10 a.m. July 10. The city has a population of about 52,000 and is Wyoming’es second-largest city, according to U.S. Census Bureau estimates. Best Buy BBY) announced the store alonfg with 12 others that will open durintg its second fiscal quarterof 2010. Brief Creek, N.C., June 11 Bastrop, June 12 Hammond, La., June 12 Park Utah, June 13 North Anchorage, June 13 Casper, Wyo., July 10 Hutchinson, July 11 Bronx, N.Y., Aug. 7 Laredo Texas, Aug. 7 Hunt Valley, Md., Aug. 7 W.Va., Aug. 7 Pottstown, Pa., Aug.
7 Miamki Beach, Fla., Aug. 8 The electronics retail giant, whicyh had revenue of $45 billion in fiscap 2009, said it plans to donatse $10,000 to local nonprofits in each of the market s to commemorate the opening of thenew stores.
Sunday, September 12, 2010
Scottsdale resident embarks on P.F. Chang's tour - Phoenix Business Journal:
A self-proclaimed P.F. Chang’s Adam Aponte, wrote to the Scottsdale-based restaurant chaij (Nasdaq:PFCB) about his plans for the month of Executives wereso impressed, they decided to pick up Aponte’s tab at all the restaurants he To mark the cross-country trip, employees at P.F. Chang’e at Scottsdale Waterfront will host aprivate send-off for Aponte June 11. Meanwhile, local resident can follow Aponte on Twittefr as he visitsthe P.F. Chang’z and landmarks in each city. Apont e has vowed to try a new item ateach stop, breakinfg away from his favorite Mongolian Beef. Aponte will be accompaniedc by a friend who is a vegetarian and will tweegt about vegan optionson P.
F. Chang’s menu. You can find Aponte’ s updates on Twitter “@pfchangs.” Denver, June 12-13 June 14-15 Cleveland, June 16-17 June 18 Washington, June 19-20 New June 21-24 Boston, June 25-26
Friday, September 10, 2010
Saatchi lands state tourism contract again - New Mexico Business Weekly:
is based in Los Angeless and is partof M&Cf Saatchi Worldwide. It created “The Best Placre in the Universe - New Earth” , which drew the ire of some in the tourismj industry for its use of large aliens to toutNew Mexico. But stated officials maintained that itgot people’s attention and used the limited marketing funds available to the states effectively. The campaign won a Platinum 2007 Adriamn Award for travel marketing It took a witty approach by havinyg thealiens golfing, fishing, mountain biking and soaking in hot springs at Ojo Caliente.
was selected from amon g 16 agencies that bid for the More out-of-state firms bid this year than ever said Martin Leger, advertising managedr with the Tourism Department. Before Saatchi got the current contract, it had been held for 14 yearz byof Albuquerque, which was one of the bidderes for the new Michael Cerletti, secretary of said Saatchi’s presentation was considered by staff to be the best based on the state’s imags as the Land of Enchantment. “Theit ongoing association with the Department and staff also gives us the opportunitu to move quickly into ournext campaign,” Cerletti “We don’t want to lose any momentumj in these tough economic times.
” Legere said the new campaign will get back to promotingh more tradtional New Mexico attractions, culture and outdoor settings. "But it will still be striking and interestinyand different," he As for the alien Leger said their visit has come to an end. "They have gone home, but as they went they spread the news aboutNew Mexico," he Most of the $3 millionj will be used to develop, produce and purchaser ads for national magazines, and also to crate a new onlined campaign and television and radil spots.
The contract is for one year, but it can be extended for up to threeadditional years, at which time a new request for proposals for advertising services must be There’s no word on the theme for the new Saatchi and the Tourism Department will beginm formal planning in the fall. Saatchi’sz partner agency, , will continue to handle media planning and buyiny forthe department. M&xC Saatchi Worldwide is one of the largest independent agencyh networks inthe world. M&C Saatchi Los Angeles was establishedin 2003. It has created campaigns for , British Airways, , Keteol One Vodka and the U.S. Department of Commerce.
Thursday, September 9, 2010
Rosh Hashana service, meals at Chabad House for students - RocNow
Telegraph.co.uk (blog) | Rosh Hashana service, meals at Chabad House for students RocNow âIt's home-based for the meal and synagogue-based for the religious services,â Fine said. But for some people, âhomeâ will have to be modified to mean a ... Theme of Jewish holiday meal is sweetness Jews mark a new year with Rosh Hashana celebration Orlando Residents, Students and Tourists Prepare for Rosh Hashanah 2010 |
Tuesday, September 7, 2010
Queen's pays $2.5M to settle Feds' claims - Austin Business Journal:
million to settle lawsuits thatalleged Hawaii’sd largest hospital overbilled government healtbh care programs for prescription federal prosecutors said Wednesday. The settlement was the result of two whistleblowerf lawsuits brought by formerpharmacy technicians, who alleged that Queen’x overbilled the state’s Medicare and Medicaid programs, as well as the federal health insurance program for military dependents, according to a news release from U.S. Attorney Edward H. Kubo Jr. The lawsuitsa were filed under the federal and state FalsreClaims Acts, which allow the government to claim up to triplde the damages, plus for submitting false claims to government programs.
The two former employees allege Queen’es submitted fake bills for anti-psychotic medicationx that were dispensed by the hospital pharmacy from 1999 to 2002 and were authorizecd bya doctor, but not necessarily by a as required. The hospital was also accusedd of billing from 1999 to 2006 for serviceas provided by medical residents who were supposed to be supervisef byother doctors, but that the supervision did not occur, Kubo’e office said. Under the settlement, Queen’s paid $2 millio n to the federal government, which shared $400,000p of the proceeds with the twoformer employees, and $500,0000 to the attorneys for the two employees.
Queen’sd will also maintain a compliance program to ensurew its billings conform to the rules for five yearas under a corporate integrit agreement withthe U.S. Departmenr of Health and Humanb Services. Queen's issued this statement: " denies any intentional but after five years of discussions and negotiations with the has agreed to settle this matter so that its resources may be spent on providing quality health care rather than onlegal
Monday, September 6, 2010
MySpace slashes international staff - Pacific Business News (Honolulu):
The move to reduce internationap employment by 150 comes on the heelss of the announcement that MySpace is cuttintgits U.S. jobs by 30 percent, or abour 420 jobs. MySpace last monty was passed in globakl market share byPalo Alto-based , but still leads in the number of unique visitorzs to its Web site in the U.S. MySpace CEO Owen Van Natt a was hired in April to try to revive the socia lnetworking site. The division that includes MySpacee postedan $89 million loss in the most recenr quarter. "As we conducterd our review ofthe company, it was cleaer that internationally, just as in the U.S.
, MySpace'e staffing had become too big and cumbersome to be sustainabled in current market conditions," Van Natta said in a statement After the jobs cuts, MySpace will have about 1,150 workers, compared to Facebook's global work force of aboutt 850.
Saturday, September 4, 2010
IRS slips on taxpayer service - Business First of Buffalo:
For example, the chances of taxpayersz getting assistance throughthe agency’d toll-free lines have dropped dramatically. In fiscal 2007, 87 percentr of taxpayers who sought to speak with an IRS representativre on the assistance line were able todo so. In fiscaol 2008, however, that number fell to 53 The IRS has reducedits “level of goal for fiscal 2010 to 71.2 percent. The IRS attribute last year’s poor numbers to a spike in calls about economistimulus payments, but Nationalk Advocate Nina Olson said, “That is small comforr to taxpayers who need assistance, and it does not bode well for taxpayere compliance.
” Olson’s report to Congress also recommended regulating federall tax preparers who are not certified publif accountants, attorneys or enrolled agents. Investigationas have shown that these tax preparers oftenbmake mistakes, usually resulting in tax underpayments. These preparerw should be subject to initial testint and continuingeducation requirements, Olson said, and the IRS should step up its enforcement efforts against tax preparersx who fail to perform due diligenced or consciously help taxpayers avoid payin the correct amount of taxes.
Friday, September 3, 2010
What's that sound? Student loan debt tick, tick, ticking up. - Washington Post
New York Times (blog) | What's that sound? Student loan debt tick, tick, ticking up. Washington Post Now there's another clock, only this one is online, ticking away the amount of student loan debt being amassed by college students and their parents. ... Students make history with loan debt Student Loan Debt Outpaces Credit Card Debt in US Student Loan Debt Clock Ticks Past $848 Billion |
Wednesday, September 1, 2010
Consumer technology PR firm grows by staying on course - bizjournals:
As director of interactive mediaat Miami-based consumer technology retailer , Paul was chargecd with promoting the company’s 10-year-olcd annual PC Charity Race at the Consumer Electronicx Show in Las Vegas. Yet, writerds and bloggers who cover the show can be ajaded lot, growinyg bored with aging or stale events, he So, four years ago, Paul hired Miami-basecd , a public relations firm focusefd solely on technology and consumer electronics. The event it stagedx drew longtime attendeesand first-time spectatora alike, Paul said. “They’re very in touc h with the gadget industry, and that served as a launch vehicle forour promotions,” Paul said.
“We don’t see too many firms that specializein gadgets. Especiallyh in this economy, they generalize or take what theycan get. Max has stucj to his ground and does what he does While some marketing shops focusedon retail, automotive, real estate or constructionj anxiously await a turn in the market, Max Borgez has inked 23 new clientw since January. The firm promotes gadgetx of allkinds – from personal computers to tech devices to video and iPod accessories. Client namesx – Terry Demco’s LLC, Pee Wee PC or FINIzS – may not be householde names. But, many of the productas are on the leading edge ofconsumedr demand.
MSI Desktop manufactures netbook computers. Joby makes digitapl and video camera accessories, like the Gorillapod line of cameraz stands. iSkin creates casesz for iPhones, BlackBerrys, laptopsa and other devices. The PR firm had $2 milliom in revenue last year. This it should earn near $2.5 said principal and founder Max 43. And all this is from an executive whoclaims “zero PR background.” “The magicv formula is our focus on being the best at one maximizing press for consumer electronics,” he “The typical firm will handle 40 clients from different industriez and different media.
Teams don’t work Because we only handle gadgets, we have an incrediblyg efficient machine.” The move toward consumer technology happenedsin 2007. Borges had a realization: The 20 perceng of his clientswho weren’t gadgetxs were giving him 80 percent of the So, he repositioned the firm as tech “All of a sudden, the weight was lifted off us. It just got that much And that year, we grew 74 percent,” he said. He may not be a PR guy, but Borgews knows marketing. An upstarft marketing firm he launched in 2002 handled advertising work for inMiamio Lakes. He then sold sponsorships for the Independenf MusicWorld Series.
He said general PR and consumefr technology PR arequite different. With a service industry or other product, publicistxs must write and distributepress releases, and folloqw up with the media. It can be an arduous Yet, when he sent demo CD/DVD burners or leading-edge headphones to media covering the audioor high-ensd consumer markets, the products landed on G4 TV and . Clientss have been placed on “Fox and and “The Morning Show.” Borgew has had products in two successive issuesof O, The Oprahg Magazine. One magazine did a holiday buyers’ guide and included 16 client products. Cool stuff drawes attention, he says.
Put a Balanza luggagew scale into aTV host’s or print journalist’a hands, and they’ll show it off. “It’s just, ‘Here’s the Do you want to writer about it?’” he said. High-profile placements help him secure monthly retainers rangingfrom $5,500 to $15,000, he noted. Borgex no longer serves as firm rainmaker. That task falls to Davir Hernandez, a former co-worker and director of salexs and trainingat . Borgese brought on account supervisors Matt Shumate and BrianMetcalrf – both veterans and detailed “executers” who oversee 10 accounty executives.
Borges now is looking for more Next up: a wider profile of consumer products, like the EZ Grill or the Balanzaz scale, to fuel growth beyond technology without leaving the consumer category. “We’ve been growing fast. We’ve been on a nice he said. “To grow at double digits over the next few year s may mean bringing in somenew markets. As long as it worka and we can be the bestat it, that’s what will make us