Pocket-lint.com | Shazam-enabled adverts to air during Britain's Got Talent Telegraph.co.uk This weekend, during the final of Britain's Got Talent, the first Shazam-enabled adverts will run on ITV, offering viewers the chance to win prizes such as music festival passes and London 2012 Olympic opening ceremony tickets. ITV and Shazam Announce First Shazam-Enabled Adverts in Britain's Got Talent Final First Shazam-enabled ads to feature in Britain's Got Talent final Britain's Got Talent final to have Shazam-enabled adverts |
Friday, May 11, 2012
Shazam-enabled adverts to air during Britain's Got Talent - Telegraph.co.uk
zuloraxelewo.blogspot.com
Thursday, May 10, 2012
Unapproved, injectable tanning drug being used in BC - CTV.ca
retention-jackjacks.blogspot.com
Unapproved, injectable tanning drug being used in BC CTV.ca Dermatologists say an injectable tanning drug that reportedly also raises libidos and lowers appetites is being used in BC, despite not being approved by Health Canada. The product, Melanotan II, is legal to buy online for research purposes but hasn't ... |
Tuesday, May 8, 2012
ESPN: S. Fla. sports teams rank low - Birmingham Business Journal:
adamovaichive.blogspot.com
, which will be gettint a new 37,000 $640 million stadium, ranked 77th out of all 122 professional sportxs teamsin America. The Miami Heat was ranked the was ranked 61st and the was ranked 90th How efficiently the team has converted money from their fans into victoried onthe field, court or ice. How loyao the franchise’s ownership and management has been to core players and the The price of parkingand concessions. The qualith of the team’s stadium and The strength of on-field leadership and The number of championships won or likelt to be won duringthe fan’s How much effort playerz put in to the game and how likabl they are off the field.
And how open the coaches and management are to the The new stadium may do something to appeasr fans who ranked the Marlinsz 120th when it came to overall stadium When it comes to honesty and loyalty to the community and its the Marlins scored 111 outof 122, followee by the Panthers with 100, according to the The Heat provided the least bang for the buck ranking 110.
, which will be gettint a new 37,000 $640 million stadium, ranked 77th out of all 122 professional sportxs teamsin America. The Miami Heat was ranked the was ranked 61st and the was ranked 90th How efficiently the team has converted money from their fans into victoried onthe field, court or ice. How loyao the franchise’s ownership and management has been to core players and the The price of parkingand concessions. The qualith of the team’s stadium and The strength of on-field leadership and The number of championships won or likelt to be won duringthe fan’s How much effort playerz put in to the game and how likabl they are off the field.
And how open the coaches and management are to the The new stadium may do something to appeasr fans who ranked the Marlinsz 120th when it came to overall stadium When it comes to honesty and loyalty to the community and its the Marlins scored 111 outof 122, followee by the Panthers with 100, according to the The Heat provided the least bang for the buck ranking 110.
Sunday, May 6, 2012
UMB will restructure asset-management business - Kansas City Business Journal:
bojony.wordpress.com
The family now will be called Scout Funds, but the funds will keep theirr currentticker symbols, Kansasw City-based UMB Financial (Nasdaq: UMBF) said in a Mondat release. Scout Investment Advisors will continued to manage the UMB Scout Fund and will assume management of all institutional separatelyg managed accounts and specific large individual separately managesd accounts that UMB Bank Scout Distributors CEOGary DiCenzo, who also is presiden t of the UMB Scout Mutual Fund familyh and will remain so with the renamed Scout said in an interview that the restructuring “is purely our effort to better position ourselvexs within the asset-management business.
” “We hope this send (the marketplace) a message that we’re firmlt committed to the money-managementf business,” DiCenzo said. “It’s an outstandinb way to bring products tothe marketplace. ... From an internalp standpoint, we feel this will increaser the focus of our institutionakl fund managers and money marketfund managers.” The restructurint affects about 60 employees, he said. No jobs will be cut. Scouyt Investment Advisors Chairman and CEO Clyded Wendel said in the release that the changeshould “allow us to becomed more competitive and expanx opportunities in the UMB Financial ranks No.
20 on the Kansaz City BusinessJournal ’s list of area publif companies.
The family now will be called Scout Funds, but the funds will keep theirr currentticker symbols, Kansasw City-based UMB Financial (Nasdaq: UMBF) said in a Mondat release. Scout Investment Advisors will continued to manage the UMB Scout Fund and will assume management of all institutional separatelyg managed accounts and specific large individual separately managesd accounts that UMB Bank Scout Distributors CEOGary DiCenzo, who also is presiden t of the UMB Scout Mutual Fund familyh and will remain so with the renamed Scout said in an interview that the restructuring “is purely our effort to better position ourselvexs within the asset-management business.
” “We hope this send (the marketplace) a message that we’re firmlt committed to the money-managementf business,” DiCenzo said. “It’s an outstandinb way to bring products tothe marketplace. ... From an internalp standpoint, we feel this will increaser the focus of our institutionakl fund managers and money marketfund managers.” The restructurint affects about 60 employees, he said. No jobs will be cut. Scouyt Investment Advisors Chairman and CEO Clyded Wendel said in the release that the changeshould “allow us to becomed more competitive and expanx opportunities in the UMB Financial ranks No.
20 on the Kansaz City BusinessJournal ’s list of area publif companies.
Saturday, May 5, 2012
MundoHispnico unveils new parenting magazine - Kansas City Business Journal:
ignatiywulyxura.blogspot.com
“In Atlanta, almost 20 percentf of the public elementary schools are Hispanic and Gwinnett is almostg 26percent — so we are just targeting that Torres said. “It is a way to reallt help parents help their children in theUnitedr States. The target audience is huge and it’s growing.” With the economhy creating a difficult environmengt formany startups, Torres said expectationsa for the first year are “not overlyg aggressive” and that Padres & Hijos would be producef with internal resources already available at MundoHispánico.
“This is a challenging economy, but the way we are doing this is with our internakl resources so we feel we have a good shot at makinhg this workfor us,” he said. “We are not beiny overly optimistic with revenueright now, but at the same time we feel the marke is right for the The magazine’s monthly sections include “Educación” featuring expertr articles and columns focused on children’s cognitive development and academidc formation and “A dónde vamos” a calendarr of Atlanta’s family-friendly There will also be othe r sections covering topics such as pregnancy, healthh and a baby’s first year of life.
Acquired by in 2004, MundoHispánick has an audited circulation of morethan 62,000 and is celebratingt its 30th anniversary this The former associate publisher of the defunct Atlantaq Peach magazine, Erin Kelly Haraway, is going to head a new entertainmentf and social division for Moceri Event Managementy (MEM). Expanding its scope of marketing services, Mocerij will be partnering withTony Conway’s event- planninh company, A Legendary Event, to meet clients’ evengt catering, décor and floral design “MEM is expanding its scope of marketin g services and growing in a tough economicx time,” Haraway said.
“We are moving into the lifestyle segment of personakclient representation, luxury retailers, restaurants/nightlife, sports and fundraising.” Alongh with her experience at Atlanta Haraway has worked in branding, marketing and event planning with severalp well-known brands, including Americahn Express, , Bacardi, and . Providing a varietty of marketingservices — including public design, media planning and event management Moceri Event Management’s clients include , , , and Concentricd Restaurants’ New Orleans-style concept, Parish: Food Goods, has been recognized as the Best Restaurant Web site by the 13th Annuapl Webby Awards.
Announced May 5, The Webby is an international award honoring excellence onthe Internet. Parish was chosen among 10,000p entries received this year. Webby winners will be honored at a ceremonhy in New York City onJune 8. Located in Inmabn Park, Parish opened its doors in the springof 2008. Arizona-based basec has named Lawrence D. Cooper publishefr of Builder/Architect Magazine, Atlanta-Metr o edition. With more than 10 years of publishinhg experience, Cooper previously held the positiona of advertising director at Atlanta Magazines and senior advertising executive and special sectiojn coordinatorfor .
KCPR’s new clients include Gordohn Biersch, JOËL restaurant, W Atlanta-Perimeter and in-home gold-buyintg party company Golden Girls. adder The Girls Collaborative asa client. & Marketing LLC will be providinv pro-bono public relations services for the BuckheadHeritage Society. has added health-care IT vendor Caparilo and the to itsclient roster. has been namedc agency of record for City Club of Buckhea and Retreat of Dunwoody and chosej to handle public relationsfor Shoney’s 5K Family Fun Run. was awardedr a bid to design a new online presencedfor ’s The Avenue. Definition 6 LLC won four new Carter’s Inc., Cox Enterprises Inc.
, Safeguarsd Self Storage and Square1 Art. was tapped to provide marketing services for Century Architecturao Specialties and BascoShower Enclosures. was selected by softwarwe company Inovis to assist with corporatr positioningand messaging. Cookerly Public Relations added Secure POS Vendod Alliance andas clients. has taken on Be Someonr as a pro bonoclient.
“In Atlanta, almost 20 percentf of the public elementary schools are Hispanic and Gwinnett is almostg 26percent — so we are just targeting that Torres said. “It is a way to reallt help parents help their children in theUnitedr States. The target audience is huge and it’s growing.” With the economhy creating a difficult environmengt formany startups, Torres said expectationsa for the first year are “not overlyg aggressive” and that Padres & Hijos would be producef with internal resources already available at MundoHispánico.
“This is a challenging economy, but the way we are doing this is with our internakl resources so we feel we have a good shot at makinhg this workfor us,” he said. “We are not beiny overly optimistic with revenueright now, but at the same time we feel the marke is right for the The magazine’s monthly sections include “Educación” featuring expertr articles and columns focused on children’s cognitive development and academidc formation and “A dónde vamos” a calendarr of Atlanta’s family-friendly There will also be othe r sections covering topics such as pregnancy, healthh and a baby’s first year of life.
Acquired by in 2004, MundoHispánick has an audited circulation of morethan 62,000 and is celebratingt its 30th anniversary this The former associate publisher of the defunct Atlantaq Peach magazine, Erin Kelly Haraway, is going to head a new entertainmentf and social division for Moceri Event Managementy (MEM). Expanding its scope of marketing services, Mocerij will be partnering withTony Conway’s event- planninh company, A Legendary Event, to meet clients’ evengt catering, décor and floral design “MEM is expanding its scope of marketin g services and growing in a tough economicx time,” Haraway said.
“We are moving into the lifestyle segment of personakclient representation, luxury retailers, restaurants/nightlife, sports and fundraising.” Alongh with her experience at Atlanta Haraway has worked in branding, marketing and event planning with severalp well-known brands, including Americahn Express, , Bacardi, and . Providing a varietty of marketingservices — including public design, media planning and event management Moceri Event Management’s clients include , , , and Concentricd Restaurants’ New Orleans-style concept, Parish: Food Goods, has been recognized as the Best Restaurant Web site by the 13th Annuapl Webby Awards.
Announced May 5, The Webby is an international award honoring excellence onthe Internet. Parish was chosen among 10,000p entries received this year. Webby winners will be honored at a ceremonhy in New York City onJune 8. Located in Inmabn Park, Parish opened its doors in the springof 2008. Arizona-based basec has named Lawrence D. Cooper publishefr of Builder/Architect Magazine, Atlanta-Metr o edition. With more than 10 years of publishinhg experience, Cooper previously held the positiona of advertising director at Atlanta Magazines and senior advertising executive and special sectiojn coordinatorfor .
KCPR’s new clients include Gordohn Biersch, JOËL restaurant, W Atlanta-Perimeter and in-home gold-buyintg party company Golden Girls. adder The Girls Collaborative asa client. & Marketing LLC will be providinv pro-bono public relations services for the BuckheadHeritage Society. has added health-care IT vendor Caparilo and the to itsclient roster. has been namedc agency of record for City Club of Buckhea and Retreat of Dunwoody and chosej to handle public relationsfor Shoney’s 5K Family Fun Run. was awardedr a bid to design a new online presencedfor ’s The Avenue. Definition 6 LLC won four new Carter’s Inc., Cox Enterprises Inc.
, Safeguarsd Self Storage and Square1 Art. was tapped to provide marketing services for Century Architecturao Specialties and BascoShower Enclosures. was selected by softwarwe company Inovis to assist with corporatr positioningand messaging. Cookerly Public Relations added Secure POS Vendod Alliance andas clients. has taken on Be Someonr as a pro bonoclient.
Thursday, May 3, 2012
Egat assures sufficient reserves - The Nation
domnaofyvisyhojo.blogspot.com
The Nation | Egat assures sufficient reserves The Nation Thailand's power reserves remain sufficient though demand has been on the rise, leading to 7 new peaks so far this year, according to Electricity Generating Authority of Thailand governor Sutat Patmasiriwat. Installed capacity as of end-2011 was up 1.7 ... |
Tuesday, May 1, 2012
Fifth Third to raise $1.1B - Triangle Business Journal:
grigoriynirim.blogspot.com
billion the federal government determined it needed to add to its cofferw afterthe so-called “stress test” results were announcefd May 7. Fifth Third (NASDAQ: FITB) plan to sell up to $750 million in common stock atvarious times. and Merrill Lynchh & Co. will be salese agents or principals inthe offering. Part of the offeringg could be available to repay part ofthe $3.5 billionn in preferred stock Fifth Third sold to the through its Troubled Assetf Relief Program. It will also use some of the proceedsd to fund the cash part of its offer to pay cash or common shares in return for Series G convertible preferreddepositart shares. Fifth Third also planx to offer holders ofthe $1.
1 billionb in Series G convertible sharese $30 in cash per share in return for converting those shares to common stock. Just more than 11 milliohn of those sharesare outstanding. That exchange, along with the possible sale of non-strategic assets or other securities Fifth Third owns should generate enoughn Tier 1 common equity to meet or exceethe $1.1 billion the governmenty required as a result of the stress That test looked at how much capital the nation’as 19 largest banks would need if the economt gets significantly worse than experts Those deals and a pending sale of 51 percenrt of Fifth Third’s payment processing business to Adventy International would leave it well-capitalized, even without the capital from the U.
S. Treasury’xs preferred stock, Fifth Third said. “We inten to consult with our regulators to devise a plan and timelin e for the repayment of the preferredstock investment,” it said in the Cincinnati-based Fifth Third has five branches in the Raleigh-Durhak area that it acquired last year with the purchas of the former of Charlotte. Fifth Thirde is Greater Cincinnati’s largest bank, with $119 billion in It has more than 1,300 bank branchexs in Ohio, Kentucky, Indiana, Michigan, Illinois, Tennessee, West Virginia, Pennsylvania, Missouri, Georgiqa and North Carolina.
billion the federal government determined it needed to add to its cofferw afterthe so-called “stress test” results were announcefd May 7. Fifth Third (NASDAQ: FITB) plan to sell up to $750 million in common stock atvarious times. and Merrill Lynchh & Co. will be salese agents or principals inthe offering. Part of the offeringg could be available to repay part ofthe $3.5 billionn in preferred stock Fifth Third sold to the through its Troubled Assetf Relief Program. It will also use some of the proceedsd to fund the cash part of its offer to pay cash or common shares in return for Series G convertible preferreddepositart shares. Fifth Third also planx to offer holders ofthe $1.
1 billionb in Series G convertible sharese $30 in cash per share in return for converting those shares to common stock. Just more than 11 milliohn of those sharesare outstanding. That exchange, along with the possible sale of non-strategic assets or other securities Fifth Third owns should generate enoughn Tier 1 common equity to meet or exceethe $1.1 billion the governmenty required as a result of the stress That test looked at how much capital the nation’as 19 largest banks would need if the economt gets significantly worse than experts Those deals and a pending sale of 51 percenrt of Fifth Third’s payment processing business to Adventy International would leave it well-capitalized, even without the capital from the U.
S. Treasury’xs preferred stock, Fifth Third said. “We inten to consult with our regulators to devise a plan and timelin e for the repayment of the preferredstock investment,” it said in the Cincinnati-based Fifth Third has five branches in the Raleigh-Durhak area that it acquired last year with the purchas of the former of Charlotte. Fifth Thirde is Greater Cincinnati’s largest bank, with $119 billion in It has more than 1,300 bank branchexs in Ohio, Kentucky, Indiana, Michigan, Illinois, Tennessee, West Virginia, Pennsylvania, Missouri, Georgiqa and North Carolina.
Sunday, April 29, 2012
Space Data teams for wireless smart grid communications - St. Louis Business Journal:
evlampiyacyxybyw.blogspot.com
Chandler-based Space Data announced the plan Mondahy to offer up a portion of the wireless spectrunm it owns to be used in conjunction with equipmentg fromMenlo Park, Calif.-based Full Spectrum. The two companie say the deal will allow utilities to ownprivate wide-areaq networks to provide commandsa to smart grids. “The combinationm of our interference-free, high-powered frequencies with state-of-the-art WiMaxc technology provide utilities with a dedicates private broadbandwireless system,” said Jerry CEO of Space Data.
For several years, Space Data has been developinh a system of wireless communications using weather balloons to carryhequipment aloft, providing a wide area of coverage. The compant also has been providing communications for several yearse in theutility sector. Smart grids are the latesg application of technology inthe nation’s power system. They will transfork the national power grid into one that is more allowing it to deliver more power to areaws of the country thatneed it. The two companieds believe their product would alloww grid operators to control distributioh remotely through awireless network.
“In terms of grid much of the focus to date has been directedf toward automatic meter readingand However, real-time command and control of higher-level grid devicees are of equal, if not importance in the drive for overall grid efficiency,” said Stewart Kantor, CEO of Full
Chandler-based Space Data announced the plan Mondahy to offer up a portion of the wireless spectrunm it owns to be used in conjunction with equipmentg fromMenlo Park, Calif.-based Full Spectrum. The two companie say the deal will allow utilities to ownprivate wide-areaq networks to provide commandsa to smart grids. “The combinationm of our interference-free, high-powered frequencies with state-of-the-art WiMaxc technology provide utilities with a dedicates private broadbandwireless system,” said Jerry CEO of Space Data.
For several years, Space Data has been developinh a system of wireless communications using weather balloons to carryhequipment aloft, providing a wide area of coverage. The compant also has been providing communications for several yearse in theutility sector. Smart grids are the latesg application of technology inthe nation’s power system. They will transfork the national power grid into one that is more allowing it to deliver more power to areaws of the country thatneed it. The two companieds believe their product would alloww grid operators to control distributioh remotely through awireless network.
“In terms of grid much of the focus to date has been directedf toward automatic meter readingand However, real-time command and control of higher-level grid devicees are of equal, if not importance in the drive for overall grid efficiency,” said Stewart Kantor, CEO of Full
Friday, April 27, 2012
Click to view (4 Photos) - Greenfield Daily Reporter
stelauguqdinec.blogspot.com
Click to view (4 Photos) Greenfield Daily Reporter NEW YORK â€" Moose Skowron, a five-time World Series champion and one of only two players to hit three home runs in Game 7s, died Friday of congestive heart failure at Northwest Community Hospital in Arlington Heights, Ill. He was 81. |
Thursday, April 26, 2012
Steuben Foods completes Elma takeover - Business First of Buffalo:
pemp66seb.blogspot.com
Steuben has been a tenant of thenearly 800,000-square-foof plant since 1985 and employs 475 people, but Wednesday’ss action takes plant from public sector ownership and puts it into private hands. The end result not only secures Steuben’d long-term future, but also opens the door for potentiall expansionpossibilities and, in the shorrt term, generates almost $185,000 in new county, town and schooo property taxes. “This is a great succesds story,” said Al ECIDA chief operating officer. Steubenn has already invested morethan $200 million in plant improvement since moving there in 1985. The planty was built in the earl y 1970s for the former Western Electric Co.
but sat vacant after the compangy closed itsElma facility. Steuben’s incentivee package was crafted toincludde low-cost hydropower as well as state and count y tax abatements. “It was risky but innovative,” Culliton “We forged ahead in what was really uncharted Steuben produces various of aseptic drinks and juices for its vastclientt list.
Steuben has been a tenant of thenearly 800,000-square-foof plant since 1985 and employs 475 people, but Wednesday’ss action takes plant from public sector ownership and puts it into private hands. The end result not only secures Steuben’d long-term future, but also opens the door for potentiall expansionpossibilities and, in the shorrt term, generates almost $185,000 in new county, town and schooo property taxes. “This is a great succesds story,” said Al ECIDA chief operating officer. Steubenn has already invested morethan $200 million in plant improvement since moving there in 1985. The planty was built in the earl y 1970s for the former Western Electric Co.
but sat vacant after the compangy closed itsElma facility. Steuben’s incentivee package was crafted toincludde low-cost hydropower as well as state and count y tax abatements. “It was risky but innovative,” Culliton “We forged ahead in what was really uncharted Steuben produces various of aseptic drinks and juices for its vastclientt list.
Tuesday, April 24, 2012
PR: Go on the offensive: Managing tough news in tough times - Dayton Business Journal:
yzirapogyg.wordpress.com
drops off Nasdaq. In a turbulent there is no shortage of bad Experts say that in a time like what may matter most is the way in which that bad news is How management deals withthe employees, clients and the community coulf impact how the businesx is viewed for year to come. Business leaders who hide in theie offices, bury facts and let the rumor mill control the story will be viewed with ange rand distrust. But those who plan theif messages carefully, and deliver it promptly and with candor to all relevant parties, are more likely to be remembered as good corporatse citizens.
“The spotlight will be on your company,” said Dan a business consultant and presidenytof Next-Act, an Albany careef management firm. “You have one chance to get it Many public relations professionals advise clienta to have a crisis communication plan in place at all This way, basic guidelines are in placwe when any sort of bad from layoffs to a chemical spill, Additional preparation should take place once a bad news even occurs. The first step is to assesz the situation and thepossible “I advise that you convene a group of said Pauline Bartel, president of Waterford-based “You need someones from top management, human resources, the PR team ...
the objecf is for everyone to put their cards on the face up, so you can identify any gaps in information.” list every constituency, including clients, suppliers and the media, and crafy a message for each. While thesse messages must be consistent, each audience has different needs. Employeeas will want to know about their while shareholders will be interested in the impacrt on thebottom line. Clients will want to know if serviced willbe affected.
It is also vital, PR expertw say, to select just one persomn to speak forthe “You don’t want 20 differentt versions of things coming out so everyone looksz like fools,” said Richard Berman, president of of Chappaquq in Westchester County. Once the situation is the constituents identified, the messagess crafted, and the spokesperson it is time to deliverthe “It comes down to three phrases: Tell it all, tell it tell it yourself.” said Edward Parham, director of public relation for in Colonie.
Ideally, the news should be sharedc with all parties at the same In the age of textingand “news can travel at the speed of an said Matthew Maguire, spokesmah for in Albany. “Yoiu want to deliver your news beforew anyoneelse can.” Bartel suggests giving “a few select reporters” a heads-up that news is coming. “That way, the reportet has gotten the company line beforre a disgruntled employee picks upthe phone,” she When the news is delivered, it must be complete and with as many details as can be It is especially important that the CEO or other designated spokespersojn be available and responsive.
“There is no such thingf as not taking the call and havingt the paper the next day sayyou weren’r available,” said Dean Rueckert, CEO of Rueckertr Advertising. “That is not acceptable. And a good answere is never ‘no comment.’ Back it up with the reason you can’tg comment—confidentiality, legalities, what have you. You don’t want to look like you are dodging the questiom orhiding something.” This candor extendw to employees. Moran said that when he works with companiedsin bad-news situations, he institutes a “no close door for three days” rule on top managers.
drops off Nasdaq. In a turbulent there is no shortage of bad Experts say that in a time like what may matter most is the way in which that bad news is How management deals withthe employees, clients and the community coulf impact how the businesx is viewed for year to come. Business leaders who hide in theie offices, bury facts and let the rumor mill control the story will be viewed with ange rand distrust. But those who plan theif messages carefully, and deliver it promptly and with candor to all relevant parties, are more likely to be remembered as good corporatse citizens.
“The spotlight will be on your company,” said Dan a business consultant and presidenytof Next-Act, an Albany careef management firm. “You have one chance to get it Many public relations professionals advise clienta to have a crisis communication plan in place at all This way, basic guidelines are in placwe when any sort of bad from layoffs to a chemical spill, Additional preparation should take place once a bad news even occurs. The first step is to assesz the situation and thepossible “I advise that you convene a group of said Pauline Bartel, president of Waterford-based “You need someones from top management, human resources, the PR team ...
the objecf is for everyone to put their cards on the face up, so you can identify any gaps in information.” list every constituency, including clients, suppliers and the media, and crafy a message for each. While thesse messages must be consistent, each audience has different needs. Employeeas will want to know about their while shareholders will be interested in the impacrt on thebottom line. Clients will want to know if serviced willbe affected.
It is also vital, PR expertw say, to select just one persomn to speak forthe “You don’t want 20 differentt versions of things coming out so everyone looksz like fools,” said Richard Berman, president of of Chappaquq in Westchester County. Once the situation is the constituents identified, the messagess crafted, and the spokesperson it is time to deliverthe “It comes down to three phrases: Tell it all, tell it tell it yourself.” said Edward Parham, director of public relation for in Colonie.
Ideally, the news should be sharedc with all parties at the same In the age of textingand “news can travel at the speed of an said Matthew Maguire, spokesmah for in Albany. “Yoiu want to deliver your news beforew anyoneelse can.” Bartel suggests giving “a few select reporters” a heads-up that news is coming. “That way, the reportet has gotten the company line beforre a disgruntled employee picks upthe phone,” she When the news is delivered, it must be complete and with as many details as can be It is especially important that the CEO or other designated spokespersojn be available and responsive.
“There is no such thingf as not taking the call and havingt the paper the next day sayyou weren’r available,” said Dean Rueckert, CEO of Rueckertr Advertising. “That is not acceptable. And a good answere is never ‘no comment.’ Back it up with the reason you can’tg comment—confidentiality, legalities, what have you. You don’t want to look like you are dodging the questiom orhiding something.” This candor extendw to employees. Moran said that when he works with companiedsin bad-news situations, he institutes a “no close door for three days” rule on top managers.
Sunday, April 22, 2012
All American sells almost all assets - South Florida Business Journal:
tiqosi.wordpress.com
million. The Miami-based distributor of semiconductors and otherf electronic components said the successful bid was froma two-partyg consortium of Rock River Capital LLC and All American'ds (Pink Sheets: SEMI) own , for whicg Harris N.A. acts as agent. The deal remainxs subject to bankruptcycourtt approval. All American said it expects Rock Rived to continue to operateAll American's assets as a goinh concern. Rock River did not purchase the company's commerciall tort claims, avoidance actions, accounts receivable and certainn othermiscellaneous assets.
Subject to bankruptcy courg approval, the company's senior secured lendersd were the successful bidders forthe company's accounts receivable. None of All American'a commercial tort claims or avoidance actions The $15.2 million is to go to Harrisd N.A. as agent for the senior secures lenders. The auction included asset s ofAll American's 33 subsidiariesw in the United Canada, Mexico, Europe and Asia. The bankruptcy court is schedulef to consider sale approval on Sale closing is set for no later than OnApril 25, All Americab filed voluntary under Chapter 11 of the U.S. Bankruptcy Shares closed unchanged at28 cents. No 52-week high/low information was available.
million. The Miami-based distributor of semiconductors and otherf electronic components said the successful bid was froma two-partyg consortium of Rock River Capital LLC and All American'ds (Pink Sheets: SEMI) own , for whicg Harris N.A. acts as agent. The deal remainxs subject to bankruptcycourtt approval. All American said it expects Rock Rived to continue to operateAll American's assets as a goinh concern. Rock River did not purchase the company's commerciall tort claims, avoidance actions, accounts receivable and certainn othermiscellaneous assets.
Subject to bankruptcy courg approval, the company's senior secured lendersd were the successful bidders forthe company's accounts receivable. None of All American'a commercial tort claims or avoidance actions The $15.2 million is to go to Harrisd N.A. as agent for the senior secures lenders. The auction included asset s ofAll American's 33 subsidiariesw in the United Canada, Mexico, Europe and Asia. The bankruptcy court is schedulef to consider sale approval on Sale closing is set for no later than OnApril 25, All Americab filed voluntary under Chapter 11 of the U.S. Bankruptcy Shares closed unchanged at28 cents. No 52-week high/low information was available.
Friday, April 20, 2012
Fla., Orlando again tops in foreclosures - Denver Business Journal:
symowugebeda.blogspot.com
The state posted 58,931 foreclosure filings — includintg default notices, scheduled auctions and bank repossessions in May, down 8.8 percent from April’ total, but still 50 percent higher than May according to RealtyTrac’s monthly Foreclosurwe Market Report. Only California had a higher total, with 92,249 properties with May 2009 foreclosurw filings. The Sunshine State was No. 3 in the natioj in foreclosure rates, with one in every 148 householdw receiving a foreclosure filingbin May. Nevada led the country with one in everu 64 homes receiving a while California was second highest with one inevergy 144. The Orlando-Kissimmee market took the No.
8 spot among the nation’zs top 10 metro areas with the highesrtforeclosure rates. The area recordede a rate of one foreclosure filing for every 101 Florida had three cities among the top 10 metro areas, while California had six citiezs among that mix. Las Vegas topped the list with a rate of one in every 54 households getting aforeclosure filing. Nationwide, 321,480 foreclosurr filings were reportedin May, which is 6 percent lower than Aprilo 2009, but about 18 percent higher than May 2008. One in everyt 398 U.S. homes received a foreclosure noticewlast month. Vermont again recordef the lowest numberof foreclosures, with six reported in May, or one for everyu 51,906 households.
The RealtyTrac U.S. Foreclosure Market Report provideas the total number of properties with at least one foreclosuree filing reported duringthe month. Data is collectee from more than 2,200 counties that account for more than 90 percen ofthe nation’s population.
The state posted 58,931 foreclosure filings — includintg default notices, scheduled auctions and bank repossessions in May, down 8.8 percent from April’ total, but still 50 percent higher than May according to RealtyTrac’s monthly Foreclosurwe Market Report. Only California had a higher total, with 92,249 properties with May 2009 foreclosurw filings. The Sunshine State was No. 3 in the natioj in foreclosure rates, with one in every 148 householdw receiving a foreclosure filingbin May. Nevada led the country with one in everu 64 homes receiving a while California was second highest with one inevergy 144. The Orlando-Kissimmee market took the No.
8 spot among the nation’zs top 10 metro areas with the highesrtforeclosure rates. The area recordede a rate of one foreclosure filing for every 101 Florida had three cities among the top 10 metro areas, while California had six citiezs among that mix. Las Vegas topped the list with a rate of one in every 54 households getting aforeclosure filing. Nationwide, 321,480 foreclosurr filings were reportedin May, which is 6 percent lower than Aprilo 2009, but about 18 percent higher than May 2008. One in everyt 398 U.S. homes received a foreclosure noticewlast month. Vermont again recordef the lowest numberof foreclosures, with six reported in May, or one for everyu 51,906 households.
The RealtyTrac U.S. Foreclosure Market Report provideas the total number of properties with at least one foreclosuree filing reported duringthe month. Data is collectee from more than 2,200 counties that account for more than 90 percen ofthe nation’s population.
Thursday, April 19, 2012
VeriSign: Domain names grow 12% in a year, to 183M - Dallas Business Journal:
llrx-royce.blogspot.com
Internet domain name registrations grew 3 percent compared with the fourtb quarterof 2008. Though the ubiquitous .com ending is still by far the most populatr type ofdomain name, with 80 millio registrations, it has not been growinyg fast. VeriSign blamed the “slower growthj trajectories” of .com and .net names on the recession. Even so, a “slowere quarter” still means 2.4 million new .com and .net registrationd were added every month in thefirst quarter. New registrationd for country code domain names havehad “notable growth” recently, VeriSign said, particularlu .us, which grew 12 percent and .ru (Russia Federation), which grew 8 percent. Chinaa (.
cn), Germany (.de) and the United Kingdom (.uk) dominate the totalo base of existing country codedomain China, in particular, grew fast, with 27 percenrt growth year-over-year in total domain names VeriSign (NASDAQ: VRSN) is based in Mountain
Internet domain name registrations grew 3 percent compared with the fourtb quarterof 2008. Though the ubiquitous .com ending is still by far the most populatr type ofdomain name, with 80 millio registrations, it has not been growinyg fast. VeriSign blamed the “slower growthj trajectories” of .com and .net names on the recession. Even so, a “slowere quarter” still means 2.4 million new .com and .net registrationd were added every month in thefirst quarter. New registrationd for country code domain names havehad “notable growth” recently, VeriSign said, particularlu .us, which grew 12 percent and .ru (Russia Federation), which grew 8 percent. Chinaa (.
cn), Germany (.de) and the United Kingdom (.uk) dominate the totalo base of existing country codedomain China, in particular, grew fast, with 27 percenrt growth year-over-year in total domain names VeriSign (NASDAQ: VRSN) is based in Mountain
Tuesday, April 17, 2012
Profile: Ron Butler, Managing Partner Ernst & Young LLP - Phoenix Business Journal:
xeconatyxex.blogspot.com
The past year has provided plentyof “It’s the language of all said Butler, who was namedc managing partner of ’s Phoenix office last “The field of public accounting does not get much exposurre in school.” The E&Y Accountingg Careers Awareness Program enrolls about 40 high school students every summer, and Butler is starting to see results: Some of those who participatedr when it debuted are enrolle at UA and taking accounting Butler’s first experience in the privat sector came during college, when he workesd for three summers at the publicly tradefd Magma Copper Co.
He learnexd the intricacies of the accountinyprofession there, and the work intriguecd him. It wasn’t long beforde he made it his career. The 40-year-old Arizonwa native rose through the ranks of beginning his career therer in 1995 as asenior associate. Now, his clientw include Fortune 150and venture-backed firms. He also serves on the firm’ s national committees for diversitgy andrecruiting initiatives. Education: Bachelor’s degree in University of ArizonaFirsrt job: Landscaper.
It taught me a lot about clienft service and developingstrong Mentor: The mentor who had the biggest effecy on me was my directf supervisor during my summetr internship in Magma Copper’s accounting department. I worke d for him throughout mycollege career. He emphasized the valued of hard work andthe never-ending focusz on quality. How has E&Y adaptedd to the changing financial climate? In some we’re helping clients think through divestiture or restructuring In others, we’re going back to basics, helping to addresw cash management and short-term cost reductions.
The financial rescue packagew contained a number of tax measures that are significanty for Arizonabusinesses ... we’re helping our clients addressthose issues, too. What have been the firm’zs biggest challenges? Our biggest challenge, and also opportunity in good economic times or in bad is to recruit and retain the best andbrightesyt people. Hobbies: I’m a big fan of outdoor activitiesincludingg fishing, hunting and Favorite restaurant: T. Cook’s What’s playing in your car/iPod: I have a very diverswe music collection includingGeorge Strait, the Eagles, Nickelback, Taylor Swift and U2, just to name a few.
As an Arizonaa native, where do you think the state has succeedefdand failed? Let’s take a leadershiop role in a green future: solar wind power, water efficiency, waste reduction, LEED certification and sustainable living. Our state must focus on long-term strategifc planning relative togovernment spending. Short-term viewsw will not drive long-term success. Do you thino Congress will ease Sarbanes-Oxley? There’s no questionm that Sarbanes-Oxley helped restore investor confidencde infinancial markets. With the economic crisiss we are in, now is not the time to tamper with and I’m not awarer that Congress plans to. Will the Big Four soon becomew the Big Three orBig Two?
At the end of the day, our role is to help safeguard financial markets, and a collapse of one of the Big Four firmss could have very negative consequences.
The past year has provided plentyof “It’s the language of all said Butler, who was namedc managing partner of ’s Phoenix office last “The field of public accounting does not get much exposurre in school.” The E&Y Accountingg Careers Awareness Program enrolls about 40 high school students every summer, and Butler is starting to see results: Some of those who participatedr when it debuted are enrolle at UA and taking accounting Butler’s first experience in the privat sector came during college, when he workesd for three summers at the publicly tradefd Magma Copper Co.
He learnexd the intricacies of the accountinyprofession there, and the work intriguecd him. It wasn’t long beforde he made it his career. The 40-year-old Arizonwa native rose through the ranks of beginning his career therer in 1995 as asenior associate. Now, his clientw include Fortune 150and venture-backed firms. He also serves on the firm’ s national committees for diversitgy andrecruiting initiatives. Education: Bachelor’s degree in University of ArizonaFirsrt job: Landscaper.
It taught me a lot about clienft service and developingstrong Mentor: The mentor who had the biggest effecy on me was my directf supervisor during my summetr internship in Magma Copper’s accounting department. I worke d for him throughout mycollege career. He emphasized the valued of hard work andthe never-ending focusz on quality. How has E&Y adaptedd to the changing financial climate? In some we’re helping clients think through divestiture or restructuring In others, we’re going back to basics, helping to addresw cash management and short-term cost reductions.
The financial rescue packagew contained a number of tax measures that are significanty for Arizonabusinesses ... we’re helping our clients addressthose issues, too. What have been the firm’zs biggest challenges? Our biggest challenge, and also opportunity in good economic times or in bad is to recruit and retain the best andbrightesyt people. Hobbies: I’m a big fan of outdoor activitiesincludingg fishing, hunting and Favorite restaurant: T. Cook’s What’s playing in your car/iPod: I have a very diverswe music collection includingGeorge Strait, the Eagles, Nickelback, Taylor Swift and U2, just to name a few.
As an Arizonaa native, where do you think the state has succeedefdand failed? Let’s take a leadershiop role in a green future: solar wind power, water efficiency, waste reduction, LEED certification and sustainable living. Our state must focus on long-term strategifc planning relative togovernment spending. Short-term viewsw will not drive long-term success. Do you thino Congress will ease Sarbanes-Oxley? There’s no questionm that Sarbanes-Oxley helped restore investor confidencde infinancial markets. With the economic crisiss we are in, now is not the time to tamper with and I’m not awarer that Congress plans to. Will the Big Four soon becomew the Big Three orBig Two?
At the end of the day, our role is to help safeguard financial markets, and a collapse of one of the Big Four firmss could have very negative consequences.
Sunday, April 15, 2012
Europe to examine UK mobile payments joint venture - Reuters
axilecyqih.wordpress.com
Europe to examine UK mobile payments joint venture Reuters By Claire Davenport BRUSSELS, April 13 (Reuters) - European Union antitrust regulators said on Friday they will examine whether a joint venture between the three largest British telecoms companies on mobile payment technologies and advertising falls ... |
Friday, April 13, 2012
Adelaide High expansion to encroach on parklands - Messenger News
ysynut.wordpress.com
Messenger News | Adelaide High expansion to encroach on parklands Messenger News ADELAIDE High's new two-storey building will be allowed to spill off the school's footprint in the third parklands encroachment approved by the City Council in six months. A council committee last week decided to lease a 2300sqm section of Ellis Park ... |
Wednesday, April 11, 2012
Clear lanes to shut down at Hartsfield-Jackson - Nashville Business Journal:
mcfarlainofuqub1258.blogspot.com
New York-based , the operator of registered travelservicew CLEAR, said the paid security laness at its member airports wouldr cease operations because the company “had been unable to negotiate an agreemengt with its senior creditor to continue according to a statemenr posted on the company’s Web www.flyclear.com. Last March, the company said it had 20,000 registered travelers in metro Atlanta. As of last year, the company had more than 200,00p CLEAR members, who paid up to $199 for an annua membership for access to designated security lanesa at participatingairports nationwide.
Members provided biometric data, which was encodexd on a card, for the promis of a speedier and convenient trip throughairpory security. The service targeted business travelers who routinelty travelby air. The company was foundef by founderSteve Brill. CLEAR lanes opened at the airportf about the same time as an expansion of the main security lanexsat Hartsfield-Jackson. The new additions included lanesx designed specifically forexperienced travelers. Airport officialx have said the added lanes have kept security wait timexs below 10 minuteson average, which mighy have made CLEAR lanes less advantageous to consumers.
New York-based , the operator of registered travelservicew CLEAR, said the paid security laness at its member airports wouldr cease operations because the company “had been unable to negotiate an agreemengt with its senior creditor to continue according to a statemenr posted on the company’s Web www.flyclear.com. Last March, the company said it had 20,000 registered travelers in metro Atlanta. As of last year, the company had more than 200,00p CLEAR members, who paid up to $199 for an annua membership for access to designated security lanesa at participatingairports nationwide.
Members provided biometric data, which was encodexd on a card, for the promis of a speedier and convenient trip throughairpory security. The service targeted business travelers who routinelty travelby air. The company was foundef by founderSteve Brill. CLEAR lanes opened at the airportf about the same time as an expansion of the main security lanexsat Hartsfield-Jackson. The new additions included lanesx designed specifically forexperienced travelers. Airport officialx have said the added lanes have kept security wait timexs below 10 minuteson average, which mighy have made CLEAR lanes less advantageous to consumers.
Monday, April 9, 2012
Randy Foye's Beautiful, Baffling Fantasy Hoops Playoff Week - Fan's Analysis - Yahoo! Sports
cicugaha.wordpress.com
Randy Foye's Beautiful, Baffling Fantasy Hoops Playoff Week - Fan's Analysis Yahoo! Sports If you play fantasy hoops and added Randy Foye heading into last week's playoff round, you re » |
Sunday, April 8, 2012
Disney Preserve carbon study launched - Portland Business Journal:
houston-nearly.blogspot.com
The study is viewesd as a vital step toward determining how to calculate carbon credits forany cap-and-trade program. The federal governmenty would first set a limit on the volumw of emissions that can be produced acrosxthe U.S. in a given year and then grangt tradablefederal permits, called “allowances,” to coveref entities for each ton of CO2 emitted. The intention is to encouragw firms to discover cheap methods to cut emission while allowing those with no easy meansx to reduce pollution to buy The system could allow landowners to sell carbob credits to companies wishinv to show they are making efforts to reducew theircarbon footprint.
This comes on the heel of a passag of a climate change bill bythe U.S Hous Energy and Commerce Committee requiringt a 17 percent reduction in greenhouse emission by 2020 and to set up a cap-and-trad e program. The bill is expected to come beforethe U.S. Housew by late summer. “When we’re done setting everythingf up, we will be able to take data from the begin to understand whether this ecosystem isstoringt carbon, releasing carbon or doing both under variouds environmental conditions,” said Ross UCF biologist and professor on the project, in a prepared “Then we can develop a reliable, quantifiabl model for calculating carbon storage in natural ecosystems,” Disney Wilderness, located in southwestern Osceola County, was originally createed in 1993 to mitigate wetlands lost to developmeng of .
Wetlands cover aboutg 2,550 acres and the site is home to 14 documentede and 12 unconfirmed protected species of birdsand
The study is viewesd as a vital step toward determining how to calculate carbon credits forany cap-and-trade program. The federal governmenty would first set a limit on the volumw of emissions that can be produced acrosxthe U.S. in a given year and then grangt tradablefederal permits, called “allowances,” to coveref entities for each ton of CO2 emitted. The intention is to encouragw firms to discover cheap methods to cut emission while allowing those with no easy meansx to reduce pollution to buy The system could allow landowners to sell carbob credits to companies wishinv to show they are making efforts to reducew theircarbon footprint.
This comes on the heel of a passag of a climate change bill bythe U.S Hous Energy and Commerce Committee requiringt a 17 percent reduction in greenhouse emission by 2020 and to set up a cap-and-trad e program. The bill is expected to come beforethe U.S. Housew by late summer. “When we’re done setting everythingf up, we will be able to take data from the begin to understand whether this ecosystem isstoringt carbon, releasing carbon or doing both under variouds environmental conditions,” said Ross UCF biologist and professor on the project, in a prepared “Then we can develop a reliable, quantifiabl model for calculating carbon storage in natural ecosystems,” Disney Wilderness, located in southwestern Osceola County, was originally createed in 1993 to mitigate wetlands lost to developmeng of .
Wetlands cover aboutg 2,550 acres and the site is home to 14 documentede and 12 unconfirmed protected species of birdsand
Friday, April 6, 2012
Xytrans inks exclusive deal with Herley Industries - Orlando Business Journal:
ejyceh.wordpress.com
Xytrans is a high-frequency transceiver and outdoor unit design and manufacturing The firm is addressing the wireless broadbandnetwork market's demand for high-performance, low-cost transmitters and receivers in the high-frequencty range for use in satellite data communications and land-basedf networks. Lancaster, Penn.-based Herley Industrieas (NASDAQ: HRLY) designs, develops and makes microwave technology for the aerospace and medicalindustriees worldwide.
Under the deal, Herley will license a new Xytransz technology, called millimeter wave, for military It can be used inlanding systems, telemetry systems, transponders, simulatorsw and sensors, radar, missile seekers and communicatio n systems. As part of the Ed Weatherwax, Xytrans' vice president of business will join Herley as vice president of business He will oversee the technologu andprogram transition.
Xytrans is a high-frequency transceiver and outdoor unit design and manufacturing The firm is addressing the wireless broadbandnetwork market's demand for high-performance, low-cost transmitters and receivers in the high-frequencty range for use in satellite data communications and land-basedf networks. Lancaster, Penn.-based Herley Industrieas (NASDAQ: HRLY) designs, develops and makes microwave technology for the aerospace and medicalindustriees worldwide.
Under the deal, Herley will license a new Xytransz technology, called millimeter wave, for military It can be used inlanding systems, telemetry systems, transponders, simulatorsw and sensors, radar, missile seekers and communicatio n systems. As part of the Ed Weatherwax, Xytrans' vice president of business will join Herley as vice president of business He will oversee the technologu andprogram transition.
Wednesday, April 4, 2012
Monday, April 2, 2012
South End condos auctioned at discount - Boston Business Journal:
tiqosi.wordpress.com
Bids for the units, located in a former pianio factory andgeneral warehouse, will startg at $175,000 with some units being sold for as much as 55 percentt below the original asking price. The auctio n will be held at 1 p.m. June 28th at The Westinh BostonWaterfront hotel. The 1850 is a 60-unit project, developed by an affiliates ofthe Boston-based and designed by Mass.-based Brian Healy Executives at the Cresset Group did not immediatelg return a call for comment. The project was completed in 2008. Over the past 18 25 units have sold, said Sue Hawkes, presidentg of Velocity Marketing Services. The units were originallyt marketed for sale forbetweej $300,000 to $700,000.
“This is a developer said Hawkes. “Clearly the decision has been made to sell out the remaininvg units andmove on.” The remainintg units being auctioned at the property range in size from 679 squar e feet to 1,564 square feet and minimum bids will range from $175,0090 to $395,000. Some of the lofts have been turned into one and two bedroomx while others can be customm finished bythe buyer.
Winning bidders also will be able to purchas e a parking spotfor $35,000 which will be added to the new Loft units feature 10-foot ceilings, exposed beams, originalo brick walls, stainless steel appliances, maple cabinets and granited counters among other Prospective buyers can view modelo homes through June 27 at an auction informatiohn center located at 90 Wareham St. in the South End. Bidderws must register in advance.
Bids for the units, located in a former pianio factory andgeneral warehouse, will startg at $175,000 with some units being sold for as much as 55 percentt below the original asking price. The auctio n will be held at 1 p.m. June 28th at The Westinh BostonWaterfront hotel. The 1850 is a 60-unit project, developed by an affiliates ofthe Boston-based and designed by Mass.-based Brian Healy Executives at the Cresset Group did not immediatelg return a call for comment. The project was completed in 2008. Over the past 18 25 units have sold, said Sue Hawkes, presidentg of Velocity Marketing Services. The units were originallyt marketed for sale forbetweej $300,000 to $700,000.
“This is a developer said Hawkes. “Clearly the decision has been made to sell out the remaininvg units andmove on.” The remainintg units being auctioned at the property range in size from 679 squar e feet to 1,564 square feet and minimum bids will range from $175,0090 to $395,000. Some of the lofts have been turned into one and two bedroomx while others can be customm finished bythe buyer.
Winning bidders also will be able to purchas e a parking spotfor $35,000 which will be added to the new Loft units feature 10-foot ceilings, exposed beams, originalo brick walls, stainless steel appliances, maple cabinets and granited counters among other Prospective buyers can view modelo homes through June 27 at an auction informatiohn center located at 90 Wareham St. in the South End. Bidderws must register in advance.
Saturday, March 31, 2012
Kansas City-area banks see roller-coaster numbers in first quarter - Kansas City Business Journal:
afyfojahejus.blogspot.com
Although deposits rose dramatically and mortgage refinancingv activity reached record levels inthe quarter, problem loansx caused increases in loss provisions, dragging down net “Just like all the other banks, we’ve had to increase our loan-loss provisions in the past year,” said Marc chairman and CEO of . “But in the last quarter, we’vr started to feel like we’ve finallhy got our hands around it. We’ve got our asset-quality issuews sized and know exactly whatthey are. We no longert see the significant movement or risk of further sizablre deterioration thatcreated life-threatening concernsw for many banks.
To us, that seems a sign of thingsz bottoming out.” Maun said the mortgage businesswas “off the charts” in the firsty quarter, mainly from refinancing as interesrt rates hit record lows. It continueed into the second quarter, he said, but ratese are starting to creep up, so it’sw hard to know how long it will continue. In Maun said, bank deposits are up substantially becaus e investors are fleeing the equity markets and looking forsafert pastures.
He said the insurance increasefrom $100,009 to $250,000 also has helped in that “I’m not sure these are long-ter m deposits because I think people want to wait and see how the marketes turn out and in the meantime need a safe placew to put their money,” Maun said. COO Kevin Barth said that althoughu depositsare up, putting the money to work is more Loan demand is down because fewer companies are expandingf or looking to buy new equipment. “Also, as unemploymenf rises, credit card losses have Barth said. “So from firsr quarter last year to firsy quarterthis year, credit card charge-offss went up about $4 million for us.
Generak consumer loan charge-offs rose another $6 million. There’s just not much you can do aboutt that.” Barth said there also have been charge-offsa in the residential construction and developmen t area as new home sales droppedoff dramatically. He said the sale of lots in some developmentse has come to acomplete “I think it’s possible that we’lll see banks continue to add to their loss provisions as some of the problemse we’ve seen in the residential developmenyt loans creep into the retail development constructioj loans and possibly into other commercial real estate Barth said. Mark Jorgenson, Kansas City regional CEO for U.S.
Bank, said that as leaseds start coming due for manyretai properties, he expects to see some tenants not creating further stress for property owners. He said he hopee consumers will start spending more in the next few months to turn the Just as their clients were gettinv lean in thefirsty quarter, Jorgenson said banks did, too, takin a hard look at overhead costs and makingv cuts. “As things turn around, that will have a beneficia l effect on the bottom but Ithink we’re a ways away from seeing he said.
Although deposits rose dramatically and mortgage refinancingv activity reached record levels inthe quarter, problem loansx caused increases in loss provisions, dragging down net “Just like all the other banks, we’ve had to increase our loan-loss provisions in the past year,” said Marc chairman and CEO of . “But in the last quarter, we’vr started to feel like we’ve finallhy got our hands around it. We’ve got our asset-quality issuews sized and know exactly whatthey are. We no longert see the significant movement or risk of further sizablre deterioration thatcreated life-threatening concernsw for many banks.
To us, that seems a sign of thingsz bottoming out.” Maun said the mortgage businesswas “off the charts” in the firsty quarter, mainly from refinancing as interesrt rates hit record lows. It continueed into the second quarter, he said, but ratese are starting to creep up, so it’sw hard to know how long it will continue. In Maun said, bank deposits are up substantially becaus e investors are fleeing the equity markets and looking forsafert pastures.
He said the insurance increasefrom $100,009 to $250,000 also has helped in that “I’m not sure these are long-ter m deposits because I think people want to wait and see how the marketes turn out and in the meantime need a safe placew to put their money,” Maun said. COO Kevin Barth said that althoughu depositsare up, putting the money to work is more Loan demand is down because fewer companies are expandingf or looking to buy new equipment. “Also, as unemploymenf rises, credit card losses have Barth said. “So from firsr quarter last year to firsy quarterthis year, credit card charge-offss went up about $4 million for us.
Generak consumer loan charge-offs rose another $6 million. There’s just not much you can do aboutt that.” Barth said there also have been charge-offsa in the residential construction and developmen t area as new home sales droppedoff dramatically. He said the sale of lots in some developmentse has come to acomplete “I think it’s possible that we’lll see banks continue to add to their loss provisions as some of the problemse we’ve seen in the residential developmenyt loans creep into the retail development constructioj loans and possibly into other commercial real estate Barth said. Mark Jorgenson, Kansas City regional CEO for U.S.
Bank, said that as leaseds start coming due for manyretai properties, he expects to see some tenants not creating further stress for property owners. He said he hopee consumers will start spending more in the next few months to turn the Just as their clients were gettinv lean in thefirsty quarter, Jorgenson said banks did, too, takin a hard look at overhead costs and makingv cuts. “As things turn around, that will have a beneficia l effect on the bottom but Ithink we’re a ways away from seeing he said.
Thursday, March 29, 2012
Duke seeks 12.6% N.C. rate increase - Charlotte Business Journal:
doqujamup.wordpress.com
percent in North Carolina, a move that wouldf add about $11 per month to averagse residential customer’s bill. Duke filed the proposed increased Tuesday withthe N.C. Utilities Commission. The new if approved, would take effect Jan. 1. The rate increaseas would net Dukeabout $496 million in additionall revenue from ratepayers. Reactionj to the proposed increase cameswiftlh Tuesday. Jim Warren, executiver director of the N.C. Waste Awareness and Reduction Network, calledc it “a slap in the face of its customers many of whom are already strugglin g during this deepprolonged recession.
” Warren said his organization, a frequenf critic of Duke, would oppose the increase at hearings before the utilities commission. Brett president of Duke Energy Carolinas, says the utilitty knows it’s a difficult time to be raisin rates. But he says Duke has worked hard to keep theincreasw down. He says the calculations of Duke’a experts justified a larger increase. But Duke proposes takingf a lower return on equity than its estimatescallesd for. And it also included no adjustment for inflatiojn in the figures it has submitted to the That cutabout $150 million from Duke’se overall increase, Carter says.
Without those steps, the rate increases would have averaged 17 percentfor more. But Duke could not avoid an increase he says. According to its rate filing with the Duke made an overalp rate of return ofjust 5.88 percent in 2008. Under the rates N.C. regulators approvex in 2007, Duke was allowed to make a rate of returnb ofabout 8.5 percent. Carter says curren t rates will not allow Duke to covet itsoperating costs, expand its operations to provide reliable and environmentally sound service, and give its shareholderd a decent rate of The largest part of the increase comes from costsa to install pollution-control equipment on Duke’s largest coal build and acquire additional plants and upgradw its transmission and distribution Duke has spent $4.
8 billion on those projectsd in the last three years. About $700 millionb of that represents N.C. customers’ share of the costx so far forthe 825-megawatt expansiohn of the Cliffside coal plant in Cleveland and Rutherforrd counties, Carter says. Additional coste include scrubbers installed to remove pollutants from emissions at the large Allej and Marshall coal plants Duke Duke has warned that plant constructiobn and environmental controls will push up Carter emphasizes that even withthis increase, Duke will remainh the lowest-cost electric utility in the region and one of the lowest-costr in the nation, he says.
Warren says future increasesa could be higher than Duke is particularly as the company turns its attentioj to nuclear energy with its proposeed Lee Nuclear Stationnear Gaffney, S.C. “Our analysias shows that under Duke’s expansion rates will rise dramatically,” he says. “And if nuclear and coal costxscontinue increasing, power bills could easily He says N.C. WARN will continue to press its argumentr to the commissionthat Duke’w planned expansions are unnecessary. Duke’as proposed increases vary amongcustomer classes. Residential rateds would increaseabout 13.5 percent.
For the average residential bill, that would amount to $11 more per General-service rates for commercial and small-manufacturinbg customers wouldincrease 9.8 Industrial customers would see the largesy increase. Their rates would go up 15.25 That would wipe out most of the gains industrial customerd received twoyears ago. Their rates were cut 15.64 percent overall in 2007, the largestf cut in that roundof rate-setting. But with the increasez on the other classesof customers, he the rates for industrial customers remain in Carter says. Duke intends to seek rate increases in Soutn Carolinaas well. The utility is likelyg to submit that request in the next monthhor so.
Duke has consistently warned that rates will increase as new plants are builtf inthe Carolinas. The company last proposed a rate hike in when it soughta 3.6 percenr average increase. But it ended up agreeinfg to cut average ratesabout 7.5 percent That turned what would have been a $140 millioh increase in revenue to a reductionh of more than $280 million. Customers are unlikelyt to have the same luck this In thatrate case, Duke was able to cut the proposefd increase in large part because of changeas in how Duke was allowed to recover the costas of scrubbers installed on coal plants to reduce The last time Duke got a general rate increase in Nortyh Carolina — not connectedc to fuel prices, which can be adjustedr annually — was in 1991.
percent in North Carolina, a move that wouldf add about $11 per month to averagse residential customer’s bill. Duke filed the proposed increased Tuesday withthe N.C. Utilities Commission. The new if approved, would take effect Jan. 1. The rate increaseas would net Dukeabout $496 million in additionall revenue from ratepayers. Reactionj to the proposed increase cameswiftlh Tuesday. Jim Warren, executiver director of the N.C. Waste Awareness and Reduction Network, calledc it “a slap in the face of its customers many of whom are already strugglin g during this deepprolonged recession.
” Warren said his organization, a frequenf critic of Duke, would oppose the increase at hearings before the utilities commission. Brett president of Duke Energy Carolinas, says the utilitty knows it’s a difficult time to be raisin rates. But he says Duke has worked hard to keep theincreasw down. He says the calculations of Duke’a experts justified a larger increase. But Duke proposes takingf a lower return on equity than its estimatescallesd for. And it also included no adjustment for inflatiojn in the figures it has submitted to the That cutabout $150 million from Duke’se overall increase, Carter says.
Without those steps, the rate increases would have averaged 17 percentfor more. But Duke could not avoid an increase he says. According to its rate filing with the Duke made an overalp rate of return ofjust 5.88 percent in 2008. Under the rates N.C. regulators approvex in 2007, Duke was allowed to make a rate of returnb ofabout 8.5 percent. Carter says curren t rates will not allow Duke to covet itsoperating costs, expand its operations to provide reliable and environmentally sound service, and give its shareholderd a decent rate of The largest part of the increase comes from costsa to install pollution-control equipment on Duke’s largest coal build and acquire additional plants and upgradw its transmission and distribution Duke has spent $4.
8 billion on those projectsd in the last three years. About $700 millionb of that represents N.C. customers’ share of the costx so far forthe 825-megawatt expansiohn of the Cliffside coal plant in Cleveland and Rutherforrd counties, Carter says. Additional coste include scrubbers installed to remove pollutants from emissions at the large Allej and Marshall coal plants Duke Duke has warned that plant constructiobn and environmental controls will push up Carter emphasizes that even withthis increase, Duke will remainh the lowest-cost electric utility in the region and one of the lowest-costr in the nation, he says.
Warren says future increasesa could be higher than Duke is particularly as the company turns its attentioj to nuclear energy with its proposeed Lee Nuclear Stationnear Gaffney, S.C. “Our analysias shows that under Duke’s expansion rates will rise dramatically,” he says. “And if nuclear and coal costxscontinue increasing, power bills could easily He says N.C. WARN will continue to press its argumentr to the commissionthat Duke’w planned expansions are unnecessary. Duke’as proposed increases vary amongcustomer classes. Residential rateds would increaseabout 13.5 percent.
For the average residential bill, that would amount to $11 more per General-service rates for commercial and small-manufacturinbg customers wouldincrease 9.8 Industrial customers would see the largesy increase. Their rates would go up 15.25 That would wipe out most of the gains industrial customerd received twoyears ago. Their rates were cut 15.64 percent overall in 2007, the largestf cut in that roundof rate-setting. But with the increasez on the other classesof customers, he the rates for industrial customers remain in Carter says. Duke intends to seek rate increases in Soutn Carolinaas well. The utility is likelyg to submit that request in the next monthhor so.
Duke has consistently warned that rates will increase as new plants are builtf inthe Carolinas. The company last proposed a rate hike in when it soughta 3.6 percenr average increase. But it ended up agreeinfg to cut average ratesabout 7.5 percent That turned what would have been a $140 millioh increase in revenue to a reductionh of more than $280 million. Customers are unlikelyt to have the same luck this In thatrate case, Duke was able to cut the proposefd increase in large part because of changeas in how Duke was allowed to recover the costas of scrubbers installed on coal plants to reduce The last time Duke got a general rate increase in Nortyh Carolina — not connectedc to fuel prices, which can be adjustedr annually — was in 1991.
Tuesday, March 27, 2012
PentaSafe locks up more space in Park Towers in wake of merger - Houston Business Journal:
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The additional space will accommodate the expanding which was acquired last year byNetIQw Corp. in a deal valued at roughlg $255 million. San Jose, Calif.-based which had been operating locally from a facilityt at 13939Northwest Freeway, will move into PentaSafe's Galleria-areaq home. NetIQ plans to sell the Northwest Freeway propertyh once it completes its relocation to the WestLoop building. The combinedc firm will have 115,000 squard feet of office space in the buildinh at 1233 WestLoop South. PentaSafe was the firsf major tenant to move into the revamped structure when it signeeda five-year lease in 2000.
The deal brings the north tower in the twin officer complex to an occupancy of95 percent, says Fontainw Carroll, marketing director for building owner TPMC Realty The Dallas-based real estate firm purchased the buildings in the The twin towers were developed by Tenneco in 1974. TPMC spent millions renovatingthe long-vacant properties, which came onlin just as the Uptown office market begajn to soften. Carroll says 2002 was however, with interest coming from mostlysmall tenants. Tenantas that signed leases last year include theBrazilianm Consulate, currency trader Base International, law firm Madrid and Martinez, Prudential Insurance Co. of Americwa and Lawyers Title Co.
"It was a great she says. "It feels like 1999." Carol says the firm is in the midstg of space planningfor 110,000 square feet in the south which is 37 percent leased. Atlanta-based Trammelll Crow Residential is planning itsfifth Alexan-brandef apartment complex in Alexan is TCR's upscal apartment product that targets yount professionals with a high economic The newest development will be a 318-unigt complex in Cinco Ranch. The property is located in the 2500 blockj of SouthMason Road, in front of the Great Southwest Equestrian Center at the entrance to the enormoux Cinco Ranch master-planned community in west Houston.
The companty has at least four other Alexan projects planned or under constructionin Houston, including Alexan Alexan Heights, Alexan Memorial and Alexan Pineg Point, which is a redevelopment of the forme Rosewood Medical Center. Kerry French of NorthMar q Capital in Houstonarrangedc $5.36 million in financing for the Cincoi Ranch apartment project. • The Clearr Creek Independent School District has plunkesddown $3.48 million to purchase 40 acres of land adjacen to Baybrook Mall. The property is at the would-be intersection of El Doradko and Beamer.
The school districrt is working with the city of Houstonh and Harris County to extend the which currently donot
The additional space will accommodate the expanding which was acquired last year byNetIQw Corp. in a deal valued at roughlg $255 million. San Jose, Calif.-based which had been operating locally from a facilityt at 13939Northwest Freeway, will move into PentaSafe's Galleria-areaq home. NetIQ plans to sell the Northwest Freeway propertyh once it completes its relocation to the WestLoop building. The combinedc firm will have 115,000 squard feet of office space in the buildinh at 1233 WestLoop South. PentaSafe was the firsf major tenant to move into the revamped structure when it signeeda five-year lease in 2000.
The deal brings the north tower in the twin officer complex to an occupancy of95 percent, says Fontainw Carroll, marketing director for building owner TPMC Realty The Dallas-based real estate firm purchased the buildings in the The twin towers were developed by Tenneco in 1974. TPMC spent millions renovatingthe long-vacant properties, which came onlin just as the Uptown office market begajn to soften. Carroll says 2002 was however, with interest coming from mostlysmall tenants. Tenantas that signed leases last year include theBrazilianm Consulate, currency trader Base International, law firm Madrid and Martinez, Prudential Insurance Co. of Americwa and Lawyers Title Co.
"It was a great she says. "It feels like 1999." Carol says the firm is in the midstg of space planningfor 110,000 square feet in the south which is 37 percent leased. Atlanta-based Trammelll Crow Residential is planning itsfifth Alexan-brandef apartment complex in Alexan is TCR's upscal apartment product that targets yount professionals with a high economic The newest development will be a 318-unigt complex in Cinco Ranch. The property is located in the 2500 blockj of SouthMason Road, in front of the Great Southwest Equestrian Center at the entrance to the enormoux Cinco Ranch master-planned community in west Houston.
The companty has at least four other Alexan projects planned or under constructionin Houston, including Alexan Alexan Heights, Alexan Memorial and Alexan Pineg Point, which is a redevelopment of the forme Rosewood Medical Center. Kerry French of NorthMar q Capital in Houstonarrangedc $5.36 million in financing for the Cincoi Ranch apartment project. • The Clearr Creek Independent School District has plunkesddown $3.48 million to purchase 40 acres of land adjacen to Baybrook Mall. The property is at the would-be intersection of El Doradko and Beamer.
The school districrt is working with the city of Houstonh and Harris County to extend the which currently donot
Sunday, March 25, 2012
Survey: CEOs still foresee negative conditions - Charlotte Business Journal:
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“This quarter’s results reflect a continuing weak set ofeconomid conditions,” said Ivan Seidenberg, chairmanm of Business Roundtable and chairman and CEO of “Conditions — while still negative — appear to have begu to stabilize.” The Washington-based associatiob of CEOs represents a combined work forcde of nearly 10 million employees and more than $5 trilliob in annual sales. When asked how they anticipate theirf sales to fluctuate in the nextsix months, 34 percengt said sales will and 46 percent predicted a decrease. That is a sunniefr forecast thanthe first-quarter outlook survey, when 24 percent predicted higher Fifty-one percent said their U.S.
capital spending will fall in theseconf quarter, and 12 percenf said it will rise. Forty-nine percent expect their U.S. employment to decrease in the next six up fromthe first-quarter outlook survey, when 71 percent predicted a drop in Six percent anticipate their employee base to increase. Membedr CEOs estimated that the nation’s real grosws domestic product will dropby 2.1 percent in compared with the CEOs’ first-quarter estimate of a 1.9 percenr decline. The outlook index — whicu combines member CEO projections for capital spending and employment in the six monthsaheae — expanded to 18.5 in the second quarter, up from -5 in the firstf quarter.
An index reading of 50 or lowert is consistent with overalleconomic contraction, and a readin of 50 or highere is consistent with expansion.
“This quarter’s results reflect a continuing weak set ofeconomid conditions,” said Ivan Seidenberg, chairmanm of Business Roundtable and chairman and CEO of “Conditions — while still negative — appear to have begu to stabilize.” The Washington-based associatiob of CEOs represents a combined work forcde of nearly 10 million employees and more than $5 trilliob in annual sales. When asked how they anticipate theirf sales to fluctuate in the nextsix months, 34 percengt said sales will and 46 percent predicted a decrease. That is a sunniefr forecast thanthe first-quarter outlook survey, when 24 percent predicted higher Fifty-one percent said their U.S.
capital spending will fall in theseconf quarter, and 12 percenf said it will rise. Forty-nine percent expect their U.S. employment to decrease in the next six up fromthe first-quarter outlook survey, when 71 percent predicted a drop in Six percent anticipate their employee base to increase. Membedr CEOs estimated that the nation’s real grosws domestic product will dropby 2.1 percent in compared with the CEOs’ first-quarter estimate of a 1.9 percenr decline. The outlook index — whicu combines member CEO projections for capital spending and employment in the six monthsaheae — expanded to 18.5 in the second quarter, up from -5 in the firstf quarter.
An index reading of 50 or lowert is consistent with overalleconomic contraction, and a readin of 50 or highere is consistent with expansion.
Friday, March 23, 2012
Weekend box office too close to call - Tampa Bay Business Journal:
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"Ice Age: Dawn of the from Fox and "Transformers: Reveng e of the Fallen" from Paramount both projected the same box offices gross for theweekend -- $42,500,000 -- accordinf to , which tracks box-officde revenues. The estimated numbersa are from the studios and are baseed on estimates from Friday and Saturdayh and projectionsfor Sunday, the reportf said. "Transformers" was number one at last week's box and "Ice Age" is in its first week in Anothernew release, "Public Enemies" from Universal came in with an estimated $26,172,000. Rounding out the top five were Disney'z "The Proposal" and Warner Bros.
' "The Hangover," whicu brought in an estimated $12,779,000 and $10,415,000, "Transformers" also passed Disney/Pixar's "Up" as the top-grossing movie of the as it has brought in an estimated compared to anestimated $264,873,000 for "Up." "Transformers" also now has the 31st highest domestic gross all time, accordingg to the site.
"Ice Age: Dawn of the from Fox and "Transformers: Reveng e of the Fallen" from Paramount both projected the same box offices gross for theweekend -- $42,500,000 -- accordinf to , which tracks box-officde revenues. The estimated numbersa are from the studios and are baseed on estimates from Friday and Saturdayh and projectionsfor Sunday, the reportf said. "Transformers" was number one at last week's box and "Ice Age" is in its first week in Anothernew release, "Public Enemies" from Universal came in with an estimated $26,172,000. Rounding out the top five were Disney'z "The Proposal" and Warner Bros.
' "The Hangover," whicu brought in an estimated $12,779,000 and $10,415,000, "Transformers" also passed Disney/Pixar's "Up" as the top-grossing movie of the as it has brought in an estimated compared to anestimated $264,873,000 for "Up." "Transformers" also now has the 31st highest domestic gross all time, accordingg to the site.
Wednesday, March 21, 2012
[Movies] Joshua Jackson Talks Fringe, New Thriller Inescapable And More - 411mania.com
kittredgeihuhyla1951.blogspot.com
[Movies] Joshua Jackson Talks Fringe, New Thriller Inescapable And More 411mania.com Joshua Jakson spoke with Coming Soon about his series Fringe, new thriller Inescapable and more. On what drew him to Inescapable: "Well, the truth is, they don't exactly go hand-in-hand. If it weren't for this project, I wouldn't have a week off. |
Red Cross: 72k displaced in Mali by Tuareg strikes Boston.com BAMAKO, Maliâ€"The Red Cross says 72000 people have been displaced in Mali after Tuareg rebels began attacking towns. The group also said Friday that says tens of thousands have fled into neighboring Burkina Faso, Mauritania and Niger. |
Thursday, March 15, 2012
ISRAEL DAYBOOK: Statistics Bureau to Release February CPI Data - BusinessWeek
paramonaxogilozi.blogspot.com
ISRAEL DAYBOOK: Statistics Bureau to Release February CPI Data BusinessWeek The Jerusalem-based Central Bureau of Statistics is scheduled to release the data at 6:30 pm WHAT TO WATCH: * The Israeli Air Force struck a rocket-launching site in Gaza Strip overnignt, after two rockets were fired into Israel yesterday evening, ... |
Tuesday, March 13, 2012
Hollo closes on purchase of 1101 Brickell - Puget Sound Business Journal (Seattle):
xysecurakihir.blogspot.com
Tibor Hollo’s company, , (FECR) closex Tuesday on the purchase of 1101Brickell Ave., which was owner by the now-defunct Leviev Boymelgreen. The South Floridw Business Journal first a deal was in the worksin May. The developed announced the close of thepurchase Wednesday, but did not disclosw the price. Hollo’s company did not get third-parth financing for the deal, according to a company statement. Hollo is planninyg to invest $12 million to renovatde the pair of office buildings onthe site.
In additiobn to mechanical repairsand upgrades, FECR plansd new retail, including space for a The physical makeover will includde upgrading the air conditioning system, generators, bathrooms, lobbies and landscaping. “We plan to significantlyt invest in the beautificatioj and renovation of 1101 Brickell to improvs conditions for our current tenants and to continue to attract businesseas interested in an attractivde office building in a prime location onBrickelo Avenue,” Jerome Hollo, an FECR vice president, said in a Leviev Boymelgreen had planned to redevelop the which houses a pair of modest office into a massive office and residentiakl complex.
The city of Miamk approved a permit to builda 74-story, mixed-usr project with 270,000 square feet of office, 30,0090 square feet of retail and 650 But, the partnership dissolved in acrimony, with Levievb Boymelgreen principal Lev Leviev eventually taking control of a portfolioo of Miami properties, includinfg 1101 Brickell. The seller in Hollo’s deal was Africa-Israelk Properties, Leviev’s company. The 1101 Brickelll property housesa 35-year-old, 11-story offic tower, renovated in the and a 19-story offices tower built in 1985.
Tentants include the Ilinguw language school, the Venezuelan and Argentinde consulates and Banco Industrial de Venezuela y Social de Venezuela sold the property to Leviev Boymelgreein 2005. Real estate experts say Hollo likely will hold onto the 1101 Brickellp site until the market rebounde and existing projects already out of the grounedare absorbed. There are threw office buildings under construction in the downtowhMiami area, two of which have yet to sign any
Tibor Hollo’s company, , (FECR) closex Tuesday on the purchase of 1101Brickell Ave., which was owner by the now-defunct Leviev Boymelgreen. The South Floridw Business Journal first a deal was in the worksin May. The developed announced the close of thepurchase Wednesday, but did not disclosw the price. Hollo’s company did not get third-parth financing for the deal, according to a company statement. Hollo is planninyg to invest $12 million to renovatde the pair of office buildings onthe site.
In additiobn to mechanical repairsand upgrades, FECR plansd new retail, including space for a The physical makeover will includde upgrading the air conditioning system, generators, bathrooms, lobbies and landscaping. “We plan to significantlyt invest in the beautificatioj and renovation of 1101 Brickell to improvs conditions for our current tenants and to continue to attract businesseas interested in an attractivde office building in a prime location onBrickelo Avenue,” Jerome Hollo, an FECR vice president, said in a Leviev Boymelgreen had planned to redevelop the which houses a pair of modest office into a massive office and residentiakl complex.
The city of Miamk approved a permit to builda 74-story, mixed-usr project with 270,000 square feet of office, 30,0090 square feet of retail and 650 But, the partnership dissolved in acrimony, with Levievb Boymelgreen principal Lev Leviev eventually taking control of a portfolioo of Miami properties, includinfg 1101 Brickell. The seller in Hollo’s deal was Africa-Israelk Properties, Leviev’s company. The 1101 Brickelll property housesa 35-year-old, 11-story offic tower, renovated in the and a 19-story offices tower built in 1985.
Tentants include the Ilinguw language school, the Venezuelan and Argentinde consulates and Banco Industrial de Venezuela y Social de Venezuela sold the property to Leviev Boymelgreein 2005. Real estate experts say Hollo likely will hold onto the 1101 Brickellp site until the market rebounde and existing projects already out of the grounedare absorbed. There are threw office buildings under construction in the downtowhMiami area, two of which have yet to sign any
Saturday, March 10, 2012
Bearcats Arrive, and Orange Exit - New York Times
antoninahubihe.blogspot.com
New York Times | Bearcats Arrive, and Orange Exit New York Times Most of Cincinnati's quiet run toward the upper tier of the Big East standings has been motivated by an effort to erase the stain of an incident in the season's second month: an ugly brawl with intracity rival Xavier that resulted in four suspensions ... Your 2012 B ig East Championship Game Open Thread |
Thursday, March 8, 2012
Pa. governor: Joe Paterno should have done more - Fox News
http://c21scottrealty.com/tips-on-selling-your-bonita-spring-homes.html
Pa. governor: Joe Paterno should have done more Fox News Tom Corbett said Thursday that he wishes former Penn State football coach Joe Paterno had done more after telling university officials about child molestation accusations against one of his assistant coaches. Corbett also said in an interview ... |
Tuesday, March 6, 2012
Saul Ewing adds 7 Buchanan Ingersoll lawyers in Wilmington - Tampa Bay Business Journal:
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office. The loss of the seven-lawyer group leaves Pittsburgh-based Buchanan with only one full-time partner in Wilmingtonm and four lawyerstotal there, and givess Saul Ewing the largest Wilmington officd of any full-service Philadelphia-based firm. The group includexs office headWilliam Manning, who serves as outside general counsel to the University of Delaware and also representsa Verizon Corp. and Dover Downs. The litigator was once chieft of staff to formerDelaware Gov. Pete The other two partners areTeres Currier, who led bankruptcy efforts for Buchanan in and real estate lawyer Richard Forsten.
The additionsa give Saul Ewing 19 lawyersin Wilmington, wherde bankruptcies have taken off durinfg the economic downturn. A large percentage of companiea from around the country file for Chaptet 11 protection in But because Delaware only hasabout 2,000 lawyerx and has a strong set of indigenous law the Wilmington market has been a tough one to cracm for outsiders, even neighboring Philadelphia firms. Among Philadelphia firms, Pepperr Hamilton and Fox Rothschild have17 lawyers, Drinker Biddlw & Reath has 15 and Blank Rome has 13. Saul Ewinb said Manning will serveas co-managing partnedr of the office with current offices managing partner and real estate lawyer Wendie Stabler.
office. The loss of the seven-lawyer group leaves Pittsburgh-based Buchanan with only one full-time partner in Wilmingtonm and four lawyerstotal there, and givess Saul Ewing the largest Wilmington officd of any full-service Philadelphia-based firm. The group includexs office headWilliam Manning, who serves as outside general counsel to the University of Delaware and also representsa Verizon Corp. and Dover Downs. The litigator was once chieft of staff to formerDelaware Gov. Pete The other two partners areTeres Currier, who led bankruptcy efforts for Buchanan in and real estate lawyer Richard Forsten.
The additionsa give Saul Ewing 19 lawyersin Wilmington, wherde bankruptcies have taken off durinfg the economic downturn. A large percentage of companiea from around the country file for Chaptet 11 protection in But because Delaware only hasabout 2,000 lawyerx and has a strong set of indigenous law the Wilmington market has been a tough one to cracm for outsiders, even neighboring Philadelphia firms. Among Philadelphia firms, Pepperr Hamilton and Fox Rothschild have17 lawyers, Drinker Biddlw & Reath has 15 and Blank Rome has 13. Saul Ewinb said Manning will serveas co-managing partnedr of the office with current offices managing partner and real estate lawyer Wendie Stabler.
Sunday, March 4, 2012
Museum of Science to launch wind lab - Boston Business Journal:
evittiebodum1296.blogspot.com
The lab, a part of the museum’s green initiative, will demonstrate small wind turbines that could be erecte on small businesses and When completed, five turbines — ranging between 40 feet and sevenn feet in height — will rest on the museum’e roof. Two of the turbines are operationao on the Cambridge side of the with the other three to be installedd on the Boston sidethis summer. “This is a giantg science experiment,” says David Rabkin, Farinon Director for currengt science and technology atthe museum, in a preparec written statement. “No one has tested five differentf small turbines in arooftop laboratory.
Althoughu there’s lots of interest in small-scal wind turbines, we found littlse data on their performanceand impact. Despite a year of collectint data on the wind atthe Museum, we stillp don’t really know enough abouy the turbines to predict thei r performance.” The lab came out of early effortsw to use wind to meet a portion of the museum’z energy needs. Studies showed the area’s wind resourcezs were not strong enough to generateemeaningful electricity, so the museum and the ’s Renewable Energyg Trust refocused the projecty to provide information to potentia l turbine owners on differences in design and functioh of various turbines.
The lab, a part of the museum’s green initiative, will demonstrate small wind turbines that could be erecte on small businesses and When completed, five turbines — ranging between 40 feet and sevenn feet in height — will rest on the museum’e roof. Two of the turbines are operationao on the Cambridge side of the with the other three to be installedd on the Boston sidethis summer. “This is a giantg science experiment,” says David Rabkin, Farinon Director for currengt science and technology atthe museum, in a preparec written statement. “No one has tested five differentf small turbines in arooftop laboratory.
Althoughu there’s lots of interest in small-scal wind turbines, we found littlse data on their performanceand impact. Despite a year of collectint data on the wind atthe Museum, we stillp don’t really know enough abouy the turbines to predict thei r performance.” The lab came out of early effortsw to use wind to meet a portion of the museum’z energy needs. Studies showed the area’s wind resourcezs were not strong enough to generateemeaningful electricity, so the museum and the ’s Renewable Energyg Trust refocused the projecty to provide information to potentia l turbine owners on differences in design and functioh of various turbines.
Friday, March 2, 2012
Wachovia exec says no changes for foundation - Atlanta Business Chronicle:
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gave out $96.9 million in contributionws in 2007 and had assetsof $314.r5 million, according to its most recent tax return. “I don’yt think the merger in and of itself will have any effectyat all,” said Jeromw Byers, Atlanta regional president for retail banking. “Outr point of view from Wellsx Fargo and Wachovia is to rely on local We won’t change through the integration.” Byers said that the foundatioh made grants to more than 400 nonprofits in metrlo Atlanta last year. It has pledgesd $1 million for the constructioh of the Center for Civil and Human Rightsz and is committed to give a totaolof $500,000 to the through 2015.
Some granta through Wachovia’s matching gifts program were as smallas $25 in 2008. Byers said he has had conversations with his superior s to addressthe situation. “Wachovia has a foundation here in Atlant a and we will make the decisions and honorour commitments,” Byers said. In an April 8 press release, Wells Fargo reported that it increase d its philanthropic giving by 5 percentto $226 million despitw the downturn in the economy. Most of the foundation’ s donations are controlled locally and Byers said that in that regardxWells Fargo’s philosophy is the same as Wachovia’s.
The bank s announced the mergerin October, but becausew of their size the integration will take years. In the shoryt term, local groups have even less to worry King McGlaughon, the managing executivee of Wachovia nonprofit and philanthropic services, who is baser in Winston-Salem, said prior to visitingh Atlanta for a bank-sponsored foundation summit that he expects no change s to take place in 2009. He addedr that his impression is that integration would not occur before the endof 2010. Other recent giftxs and pledges from the WachoviaFoundationn include: $400,000 to the -Columbus, Ga., brancnh on July 1; $10,000 to the on Aug. 10; $100,000 to the on Oct.
1, and anotheer $100,000 the following year on the same and $20,000 to on June 1, 2010, and June 1, 2011. Byers said Wachovia’s strategy focuses on community development and will continue todo so. That includes everythin from personal financial counseling to the arts to educatio n to health andhuman services. “Wwe have given money to the major school boards Byers said. “We will continue to be involved there. We are lookinbg at places for significant relationships with Wachoviq like Teachfor America.
“Education is a big way to give
gave out $96.9 million in contributionws in 2007 and had assetsof $314.r5 million, according to its most recent tax return. “I don’yt think the merger in and of itself will have any effectyat all,” said Jeromw Byers, Atlanta regional president for retail banking. “Outr point of view from Wellsx Fargo and Wachovia is to rely on local We won’t change through the integration.” Byers said that the foundatioh made grants to more than 400 nonprofits in metrlo Atlanta last year. It has pledgesd $1 million for the constructioh of the Center for Civil and Human Rightsz and is committed to give a totaolof $500,000 to the through 2015.
Some granta through Wachovia’s matching gifts program were as smallas $25 in 2008. Byers said he has had conversations with his superior s to addressthe situation. “Wachovia has a foundation here in Atlant a and we will make the decisions and honorour commitments,” Byers said. In an April 8 press release, Wells Fargo reported that it increase d its philanthropic giving by 5 percentto $226 million despitw the downturn in the economy. Most of the foundation’ s donations are controlled locally and Byers said that in that regardxWells Fargo’s philosophy is the same as Wachovia’s.
The bank s announced the mergerin October, but becausew of their size the integration will take years. In the shoryt term, local groups have even less to worry King McGlaughon, the managing executivee of Wachovia nonprofit and philanthropic services, who is baser in Winston-Salem, said prior to visitingh Atlanta for a bank-sponsored foundation summit that he expects no change s to take place in 2009. He addedr that his impression is that integration would not occur before the endof 2010. Other recent giftxs and pledges from the WachoviaFoundationn include: $400,000 to the -Columbus, Ga., brancnh on July 1; $10,000 to the on Aug. 10; $100,000 to the on Oct.
1, and anotheer $100,000 the following year on the same and $20,000 to on June 1, 2010, and June 1, 2011. Byers said Wachovia’s strategy focuses on community development and will continue todo so. That includes everythin from personal financial counseling to the arts to educatio n to health andhuman services. “Wwe have given money to the major school boards Byers said. “We will continue to be involved there. We are lookinbg at places for significant relationships with Wachoviq like Teachfor America.
“Education is a big way to give
Wednesday, February 29, 2012
Switzerland: KOF Leading Indicator downfall contained in February - FXstreet.com
bhutan-warwick.blogspot.com
Switzerland: KOF Leading Indicator downfall contained in February FXstreet.com FXstreet.com (Barcelona) - The Swiss KOF Leading Indicator improved for the first time since May 2011 to -0.12 in February, from -0.15 in January, according to data released today by the KOF Institute. This result is in line with market consensus. |
Monday, February 27, 2012
Reynolds Smith & Hills out in front for TIA north terminal work - Tampa Bay Business Journal:
http://audi-style.com/news.php?id=87
The Authority voted Thursday to negotiate with for work on the north end of the airport that includes engineering servicews for stormwater infrastructure and drainage in the area that will becomew thenorth terminal. An existing air cargo facility willbe demolished, as will other adjacent Services also will include design, permitting and construction administration. Reynolds Smith was selected from a fielsd offive bidders. and Southern were ranked second and thirdx byairport staff. All three firms have done extensive workat TIA, said Louixs Miller, airport director.
The totakl budget for the projectis $26 Included in the request for proposal was participation of at least 6 which Reynolds met in its bid. The next step for the Aviatiojn Authority is to negotiate a pricr forthe work. Miller anticipatexs bringing back a formal contract forthe board's approvao within two months.
The Authority voted Thursday to negotiate with for work on the north end of the airport that includes engineering servicews for stormwater infrastructure and drainage in the area that will becomew thenorth terminal. An existing air cargo facility willbe demolished, as will other adjacent Services also will include design, permitting and construction administration. Reynolds Smith was selected from a fielsd offive bidders. and Southern were ranked second and thirdx byairport staff. All three firms have done extensive workat TIA, said Louixs Miller, airport director.
The totakl budget for the projectis $26 Included in the request for proposal was participation of at least 6 which Reynolds met in its bid. The next step for the Aviatiojn Authority is to negotiate a pricr forthe work. Miller anticipatexs bringing back a formal contract forthe board's approvao within two months.
Saturday, February 25, 2012
Spectrum Capital principals join Morgan Keegan - Memphis Business Journal:
uzirukynurylew.blogspot.com
Spectrum is a Rhodse Island-based investment and merchant banking firm. The two principalsz will maintain their officesin R.I. “Our commitment to providinhg our clients with the highest qualityg investment banking services has led to a number of strategic acquisitions over the pasttwo years,” Chip Morgan Keegan’s executive managing director and directot of investment banking, said in a statement. “We’ve had an interest in addinb restructuring expertise to our practice for some and now we have the right people on board to leadthis effort.” Spectrum managing partner Michael Lederman will head Morgan Keegan’s newly formed Special Situationsx Group.
Spectrum partner Joseph Sands will be management director ofthat “I am delighted to welcome Mike and Joe to our Randy Karchmer, co-head of Morgam Keegan’s mergers, acquisitions and financiakl sponsors practice, said in a statement. “Theh will strengthen Morgan Keegan by complementingour M&A, publicc equity and debt practices acros a wide array of industries.” Memphis-based Morgahn Keegan is the brokerage and securitiez arm of Birmingham-based (NYSE: RF).
Spectrum is a Rhodse Island-based investment and merchant banking firm. The two principalsz will maintain their officesin R.I. “Our commitment to providinhg our clients with the highest qualityg investment banking services has led to a number of strategic acquisitions over the pasttwo years,” Chip Morgan Keegan’s executive managing director and directot of investment banking, said in a statement. “We’ve had an interest in addinb restructuring expertise to our practice for some and now we have the right people on board to leadthis effort.” Spectrum managing partner Michael Lederman will head Morgan Keegan’s newly formed Special Situationsx Group.
Spectrum partner Joseph Sands will be management director ofthat “I am delighted to welcome Mike and Joe to our Randy Karchmer, co-head of Morgam Keegan’s mergers, acquisitions and financiakl sponsors practice, said in a statement. “Theh will strengthen Morgan Keegan by complementingour M&A, publicc equity and debt practices acros a wide array of industries.” Memphis-based Morgahn Keegan is the brokerage and securitiez arm of Birmingham-based (NYSE: RF).
Thursday, February 23, 2012
Unbeatens Nokomis, Presque Isle to meet in EM title game - Bangor Daily News
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Kennebec Journal | Unbeatens Nokomis, Presque Isle to meet in EM title game Bangor Daily News By Ryan McLaughlin and Dave Barber, BDN Staff Gardiner Area High School's Kelly MaComber (right) blocks a shot by Presque Isle High School's Kayla Richards during the first half of the Class B semifinal game at the Bangor Auditorium on Wednesday ... E ASTERN B GIRLS BASKETB » |
Tuesday, February 21, 2012
Finnish goalie gets good view of empty netter after assuming delayed penalty call - Business Insider
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Finnish goalie gets good view of empty netter after assuming delayed penalty call Business Insider Not that it mattered much, as TuTo ended up losing 7-1, although giving up that fourth goal on such a goofy play surely took the wind out of any comeback attempt by TuTo. What's that old saying? When you assume, you…let in a deflating goal that kills ... |
Saturday, February 18, 2012
Former H&R Block CEO joins IRS - Kansas City Business Journal:
dawojetos.blogspot.com
IRS commissioner Douglas Shulman announced Mondagy in a press release that he appointesd Ernst as IRS deputy commissioner for operations Ernst will oversee the key operational and administrative functionse for the tax agency including human resources, facilities, data security and finance. Ernst will be one of two IRS deputyt commissioners who report directlyto He’ll work closely with Linda Stiff, deputy commissionerd for services and enforcement. “Mark has an impressiv e track record ofmanaging large, complex operationsd with significant technology Shulman said in the release.
“Thse IRS’s human capital and technology strategyg and implementation are absolutely critical to the effectiveness ofour nation’s tax system.” Ernst served as chairmanj and CEO of H&R Block from 2001 to and as its COO from 1998 to 2000. Ernstf resigned in November 2007, after a bitter proxhy battle withcurrent H&R Block chairmann Richard Breeden, who argued that Block should focus on its core tax business and no longer be involved in subprime mortgage
IRS commissioner Douglas Shulman announced Mondagy in a press release that he appointesd Ernst as IRS deputy commissioner for operations Ernst will oversee the key operational and administrative functionse for the tax agency including human resources, facilities, data security and finance. Ernst will be one of two IRS deputyt commissioners who report directlyto He’ll work closely with Linda Stiff, deputy commissionerd for services and enforcement. “Mark has an impressiv e track record ofmanaging large, complex operationsd with significant technology Shulman said in the release.
“Thse IRS’s human capital and technology strategyg and implementation are absolutely critical to the effectiveness ofour nation’s tax system.” Ernst served as chairmanj and CEO of H&R Block from 2001 to and as its COO from 1998 to 2000. Ernstf resigned in November 2007, after a bitter proxhy battle withcurrent H&R Block chairmann Richard Breeden, who argued that Block should focus on its core tax business and no longer be involved in subprime mortgage
Thursday, February 16, 2012
Commerce department claims Travelocity.com improperly sold insurance; refunds ... - Alexandria Echo Press
opexibu.wordpress.com
Commerce department claims Travelocity.com improperly sold insurance; refunds ... Alexandria Echo Press R. 2700.3200, subp. 2 (2011). 1. NUFIC and Travel Guard shall cease and desist, in Minnesota, the automatic enrollment of consumers in travel insurance plans or any other insurance policy on Travelocity's website or any other website powered, ... |
Tuesday, February 14, 2012
Human Capital: People on the move, June 5 - San Francisco Business Times:
bhutan-warwick.blogspot.com
, a Boston-based technology company serving students, educatorse and employers, added Ted Fischer as executive vice presidengof sales, partnerships and strategic Fischer was previously a partner at . Sun Life Financial name s Deschenes senior VP and GM of its annuitiese divisionThe U.S. divisiobn of , based in Wellesley, namedx Stephen Deschenes senior vice president and general manager of itsannuities division. Deschenes joins Sun Life from , wherr he served as senior vice president and chief marketinbg officer for the retirementincome group.
Furman Gregory LLC adds Deptul as partner Furman GregoryLLC , a Boston-based corporates law firm now knownb as Furman Gregory Deptula, added George Deptula as a Deptula most recently practicee at Vena, Riley, Deptulz LLP, and continues his practice in trial and appellate legal services, and mediation and ADR. William A. Berry & Son promotes Corcoranh as project designerWilliam A. Berry Son Inc. , a Danvers-based construction management promoted Josie Corcoran toproject director. She has served as a projectf manager at the firm for the pastnine years.
Nixon Peabody'd Milder elected chairman of ; Braich named to firm'as IP team Forrest Milder , a partnee in the Boston office of Nixon PeabodyLLP , was electedx chairman of the American Bar Association ’s Foru m on Affordable Housing and Community Development for the 2009-2010 In other firm Nixon Peabody added Ravinderjit “Ravi” Braicj to its intellectual property department in the Bosto n office as a patent specialist.
, a Boston-based technology company serving students, educatorse and employers, added Ted Fischer as executive vice presidengof sales, partnerships and strategic Fischer was previously a partner at . Sun Life Financial name s Deschenes senior VP and GM of its annuitiese divisionThe U.S. divisiobn of , based in Wellesley, namedx Stephen Deschenes senior vice president and general manager of itsannuities division. Deschenes joins Sun Life from , wherr he served as senior vice president and chief marketinbg officer for the retirementincome group.
Furman Gregory LLC adds Deptul as partner Furman GregoryLLC , a Boston-based corporates law firm now knownb as Furman Gregory Deptula, added George Deptula as a Deptula most recently practicee at Vena, Riley, Deptulz LLP, and continues his practice in trial and appellate legal services, and mediation and ADR. William A. Berry & Son promotes Corcoranh as project designerWilliam A. Berry Son Inc. , a Danvers-based construction management promoted Josie Corcoran toproject director. She has served as a projectf manager at the firm for the pastnine years.
Nixon Peabody'd Milder elected chairman of ; Braich named to firm'as IP team Forrest Milder , a partnee in the Boston office of Nixon PeabodyLLP , was electedx chairman of the American Bar Association ’s Foru m on Affordable Housing and Community Development for the 2009-2010 In other firm Nixon Peabody added Ravinderjit “Ravi” Braicj to its intellectual property department in the Bosto n office as a patent specialist.
Sunday, February 12, 2012
Survey: Employers cutting benefit costs - Austin Business Journal:
8511ysu.blogspot.com
“The responses indicate that as employers develop benefig plans for 2010 they are lookinfg for ways to reducbenefit costs, without furthed reducing benefits,” said Marianne Fazen, executive director of the “Surprisingly, many responded that they plan to increasde their wellness programs.” • Thirty-five percent of employerxs responded that they plan to increase theird wellness programs. • Companies identified as its two biggesty concerns limitedbenefits budgets, and limited merit budget and bonuzs pools. About 68% of companies are concerned or very concerne about limited merit budget andbonues pools, and about 53% are concerned about limited benefite budgets.
• To weather the economic downturn, almost half of respondentse are auditing or planning to audit their dependent eligibility in order to reduce the numbe ofindividuals covered. And 41% plan to increase employee coste ofbenefit plans, while more than one-third have reduceed or are planning to reducse staff. • About 89% of employers believe that workers will responsd to the economic downturn bydelaying retirement. 83% of employers say thei workers are concerned aboutjob security, and 42% thinkm their employees have been impacter by low morale. The survey was submitted to the association'ds employer members and facilitated byin Houston.
The association'sd 900-plus members represent a broad cross-section of benefitse professionalsin Texas, Louisiana. Arkansas, Missouri and Kansas, but are not limitex to those states.
“The responses indicate that as employers develop benefig plans for 2010 they are lookinfg for ways to reducbenefit costs, without furthed reducing benefits,” said Marianne Fazen, executive director of the “Surprisingly, many responded that they plan to increasde their wellness programs.” • Thirty-five percent of employerxs responded that they plan to increase theird wellness programs. • Companies identified as its two biggesty concerns limitedbenefits budgets, and limited merit budget and bonuzs pools. About 68% of companies are concerned or very concerne about limited merit budget andbonues pools, and about 53% are concerned about limited benefite budgets.
• To weather the economic downturn, almost half of respondentse are auditing or planning to audit their dependent eligibility in order to reduce the numbe ofindividuals covered. And 41% plan to increase employee coste ofbenefit plans, while more than one-third have reduceed or are planning to reducse staff. • About 89% of employers believe that workers will responsd to the economic downturn bydelaying retirement. 83% of employers say thei workers are concerned aboutjob security, and 42% thinkm their employees have been impacter by low morale. The survey was submitted to the association'ds employer members and facilitated byin Houston.
The association'sd 900-plus members represent a broad cross-section of benefitse professionalsin Texas, Louisiana. Arkansas, Missouri and Kansas, but are not limitex to those states.
Friday, February 10, 2012
QSGI Inc. files Chapter 11 - South Florida Business Journal:
titus-neither.blogspot.com
The publicly traded company (OTC BB: filed its petition on Monday in bankruptcy court in West Palm According tothe petition, the companu has assets of almost $24 million and debt of $22.6 million, with 48 millionn shares of common stock. The company has majofr operationsin Minnesota. In a presa release, the company said it believes the bankruptcy wouldf allow itto “continue some operations while it workw to restructure its financiapl obligations and restructure operations.” Bradley Shraiberhg of Boca Raton-based who files the claim said the compay ran into troubled because of the economuy and in defending itsel f from a lawsuit. “They have disputeds with their lender.
Becausd of the economy, the value inventoryh significantly declined, which lowered the company’s borrowing base and put it ina cash-strappecd position.” The inventory consists mostly of new and used partw to maintain computer mainframes. Schraiberg said the unprofitable part of the refurbishing and recyclingcomputer equipment, was draggint down the company. QSGI, which is located on Royal Palm Way, said it is interviewing financiaol advisory firms specializing in corporate restructurinh to assist management inthe process.
The company, on its Web site said it offer sa “full suite of information technology solutions to help corporations and governmental agencies better manage hardware reduce maintenance expenses, build best practicee for data security and assure regulatorhy compliance.” Two members of the board of Geoffrey A. Smith and Robert W. VanHellemont resigned from the according to a news Chairman and CEO Marc Sherman signed thebankruptcyg petition. Shares closed down slightly to just under 3 cents ashars Thursday. The 52-week high was 25 cents on Sept. 12.
The 52-week low was 1 cent on
The publicly traded company (OTC BB: filed its petition on Monday in bankruptcy court in West Palm According tothe petition, the companu has assets of almost $24 million and debt of $22.6 million, with 48 millionn shares of common stock. The company has majofr operationsin Minnesota. In a presa release, the company said it believes the bankruptcy wouldf allow itto “continue some operations while it workw to restructure its financiapl obligations and restructure operations.” Bradley Shraiberhg of Boca Raton-based who files the claim said the compay ran into troubled because of the economuy and in defending itsel f from a lawsuit. “They have disputeds with their lender.
Becausd of the economy, the value inventoryh significantly declined, which lowered the company’s borrowing base and put it ina cash-strappecd position.” The inventory consists mostly of new and used partw to maintain computer mainframes. Schraiberg said the unprofitable part of the refurbishing and recyclingcomputer equipment, was draggint down the company. QSGI, which is located on Royal Palm Way, said it is interviewing financiaol advisory firms specializing in corporate restructurinh to assist management inthe process.
The company, on its Web site said it offer sa “full suite of information technology solutions to help corporations and governmental agencies better manage hardware reduce maintenance expenses, build best practicee for data security and assure regulatorhy compliance.” Two members of the board of Geoffrey A. Smith and Robert W. VanHellemont resigned from the according to a news Chairman and CEO Marc Sherman signed thebankruptcyg petition. Shares closed down slightly to just under 3 cents ashars Thursday. The 52-week high was 25 cents on Sept. 12.
The 52-week low was 1 cent on
Wednesday, February 8, 2012
Recovery Act boosts venture capital - Dayton Business Journal:
xoqylyjibo.wordpress.com
The changes, which were implemented Friday, will affect the ’s Small Business Investment Compang program. “The Recovery Act expands SBA’ds venture-capital program to increase the pool of investmenft funding available to the Smal l Business Investment Companies licensedeby SBA,” said SBA Administrator Karen Mills. “Wes believe those companies will be bettert equipped by these changed to help sustain and grow smal businesses for their next importantgrowth steps.” Smalol Business Investment Companies are privatelyg owned and managed venture-capital firms licensed and regulated by SBA.
They use a combination of funds raiser from private sources and money raised througjh the use of SBA guarantees tomake equity- and mezzanine-capital investmentsd in small businesses. There are approximately 338 Smalo Business Investment Companieswith $17.4 billion in capitalk under management. The Small Businessx Investment Companies program was created in 1958 to stimulat e the growthof America’s small businesses by supplementing the long-term debt and private-equityu capital available to them.
• The Recovery Act makes Small Business Investment Companie eligible forgreater SBA-guaranteed fundinb and requires them to invest 25 percenyt of their investment dollars into “smaller” Also, the amount of funding a Small Business Investmentt Company may invest in a single smalo business is set at 10 percent of a Small Business Investment Company’d total capital, rather than the previous limigt of 20 percent of a Small Business Investmentt Company’s private capital only. This translatews to an effective 50 percent increase in funding availablwe to a single business by a Small BusineswInvestment Company.
• Maximum SBA funding levels to Small Businessd Investment Companies will increase up to three times the privates capital raised by the Small BusinessInvestmenyt Company, up to a maximum of $150 million for single Small Business Investment Companies, or up to $225 milliojn for multiple companies undedr common control. The cap for all licensees had been setat $137.12 million before the Recovery Act. • Thes e limits are even higher for Smalkl Business Investment Companies licensedafter Oct.
1, that certify at least 50 percent of their investmentes will be made in small businesse s locatedin low-income areas, up to $175 million for singler licensees and up to $250 million for jointly controllee multiple licensees. Changes made to the Smallk Business Investment Company program under the Recovery Actare
The changes, which were implemented Friday, will affect the ’s Small Business Investment Compang program. “The Recovery Act expands SBA’ds venture-capital program to increase the pool of investmenft funding available to the Smal l Business Investment Companies licensedeby SBA,” said SBA Administrator Karen Mills. “Wes believe those companies will be bettert equipped by these changed to help sustain and grow smal businesses for their next importantgrowth steps.” Smalol Business Investment Companies are privatelyg owned and managed venture-capital firms licensed and regulated by SBA.
They use a combination of funds raiser from private sources and money raised througjh the use of SBA guarantees tomake equity- and mezzanine-capital investmentsd in small businesses. There are approximately 338 Smalo Business Investment Companieswith $17.4 billion in capitalk under management. The Small Businessx Investment Companies program was created in 1958 to stimulat e the growthof America’s small businesses by supplementing the long-term debt and private-equityu capital available to them.
• The Recovery Act makes Small Business Investment Companie eligible forgreater SBA-guaranteed fundinb and requires them to invest 25 percenyt of their investment dollars into “smaller” Also, the amount of funding a Small Business Investmentt Company may invest in a single smalo business is set at 10 percent of a Small Business Investment Company’d total capital, rather than the previous limigt of 20 percent of a Small Business Investmentt Company’s private capital only. This translatews to an effective 50 percent increase in funding availablwe to a single business by a Small BusineswInvestment Company.
• Maximum SBA funding levels to Small Businessd Investment Companies will increase up to three times the privates capital raised by the Small BusinessInvestmenyt Company, up to a maximum of $150 million for single Small Business Investment Companies, or up to $225 milliojn for multiple companies undedr common control. The cap for all licensees had been setat $137.12 million before the Recovery Act. • Thes e limits are even higher for Smalkl Business Investment Companies licensedafter Oct.
1, that certify at least 50 percent of their investmentes will be made in small businesse s locatedin low-income areas, up to $175 million for singler licensees and up to $250 million for jointly controllee multiple licensees. Changes made to the Smallk Business Investment Company program under the Recovery Actare
Monday, February 6, 2012
Advanta agrees to refund customers up to $35M in FDIC agreements - Boston Business Journal:
ucenyt.wordpress.com
That agreement addresses charges that theSprinhg House, Pa.-based company violated federal tradew laws through its pricing strategies on businessx credit cards, and in its marketing of cash-bacm rewards on the cards. Advanta said it did not admir wrongdoing and that it entered theagreementsx “in the interest of expediencty and to avoid litigation.” Advanta said it took a $14 millio charge to cover refunds tied to the alleged marketingy violations in third-quarter 2008 and will take a second-quarterr 2009 charge to cover refunds over its pricingb strategies, which it said coule total $21 million. Advanta also agreerd to a $150,000 fine.
In a separate agreement with the FDIC, Advanta’s ability to use cash and pay dividend s hasbeen restricted. The company must submit a plan toremainn "well-capitalized," and submit a plan to terminate its deposit-takinv operations and deposit insurance once its deposits are repaid in full, a process expecteed to take a few years. The second agreement with the FDIC placees restrictionson Advanta’s use of its cash assets, paymentf of dividends and transactions that wouldd materially alter its balance sheet composition and taking of brokeredf deposits.
Advanta said the second order does not in any way restricft it from continuing to service itsmanagec credit-card accounts and receivables. In an efforgt to limit losses and erosion of its capitall ascredit deteriorates, Advanta said in earlyt May that its securitization trust will go into earlt amortization — where the company uses receivables from customere to accelerate payment to investor bondholders. While that protects investorx from prolonged exposure to a pool of receivablesd whose credit performancehas deteriorated, Advanta would have needed an alternative way to fund new purchasex on its customers’ credit cards. So it had to shut down future use, effectivs May 30.
It has since referred some customers to AmericabExpress Co. Advanta’s stock closex 2 7 percent lower Wednesdat at42 cents.
That agreement addresses charges that theSprinhg House, Pa.-based company violated federal tradew laws through its pricing strategies on businessx credit cards, and in its marketing of cash-bacm rewards on the cards. Advanta said it did not admir wrongdoing and that it entered theagreementsx “in the interest of expediencty and to avoid litigation.” Advanta said it took a $14 millio charge to cover refunds tied to the alleged marketingy violations in third-quarter 2008 and will take a second-quarterr 2009 charge to cover refunds over its pricingb strategies, which it said coule total $21 million. Advanta also agreerd to a $150,000 fine.
In a separate agreement with the FDIC, Advanta’s ability to use cash and pay dividend s hasbeen restricted. The company must submit a plan toremainn "well-capitalized," and submit a plan to terminate its deposit-takinv operations and deposit insurance once its deposits are repaid in full, a process expecteed to take a few years. The second agreement with the FDIC placees restrictionson Advanta’s use of its cash assets, paymentf of dividends and transactions that wouldd materially alter its balance sheet composition and taking of brokeredf deposits.
Advanta said the second order does not in any way restricft it from continuing to service itsmanagec credit-card accounts and receivables. In an efforgt to limit losses and erosion of its capitall ascredit deteriorates, Advanta said in earlyt May that its securitization trust will go into earlt amortization — where the company uses receivables from customere to accelerate payment to investor bondholders. While that protects investorx from prolonged exposure to a pool of receivablesd whose credit performancehas deteriorated, Advanta would have needed an alternative way to fund new purchasex on its customers’ credit cards. So it had to shut down future use, effectivs May 30.
It has since referred some customers to AmericabExpress Co. Advanta’s stock closex 2 7 percent lower Wednesdat at42 cents.
Friday, February 3, 2012
Adams
antoninahubihe.blogspot.com
RealtyTrac records indicate that a notice ofa trustee’s sale has been files on homes matching the description of Adams’ Nortg Portland Kenton neighborhood homes. The notice indicates that the homes will be put upfor , which broke the noted that Adams’ lender has filed a “notice of meaning he’s defaulted on his loan agreementf with his lender. Adams told the paper he’z catching up on his mortgage after paying “significant” legal bills. The houses that face foreclosurer are at2131 N. McClellan and 2121 N. McClellan. Adams lives in the 2121 He also owns a triplex at2031 N.
Adams, who makes $118,144 yearly, is facing an impendingf recall, scheduled to kick off in early July, after admitting he had a sexua l relationship withBeau Breedlove. The pair met before Breedlov turned 18. Adams said the sexual relationshilp beganafter Breedlove’s 18th birthday. Oregon’s attorney general is investigatinb whether Adams didanything improper. The mayor conceded that he lied about whether he’d had sex with Breedlovse when a political opponengt first made the charge during the 2008 primary campaign season.
RealtyTrac records indicate that a notice ofa trustee’s sale has been files on homes matching the description of Adams’ Nortg Portland Kenton neighborhood homes. The notice indicates that the homes will be put upfor , which broke the noted that Adams’ lender has filed a “notice of meaning he’s defaulted on his loan agreementf with his lender. Adams told the paper he’z catching up on his mortgage after paying “significant” legal bills. The houses that face foreclosurer are at2131 N. McClellan and 2121 N. McClellan. Adams lives in the 2121 He also owns a triplex at2031 N.
Adams, who makes $118,144 yearly, is facing an impendingf recall, scheduled to kick off in early July, after admitting he had a sexua l relationship withBeau Breedlove. The pair met before Breedlov turned 18. Adams said the sexual relationshilp beganafter Breedlove’s 18th birthday. Oregon’s attorney general is investigatinb whether Adams didanything improper. The mayor conceded that he lied about whether he’d had sex with Breedlovse when a political opponengt first made the charge during the 2008 primary campaign season.
Wednesday, February 1, 2012
Texas energy projects set to receive $200 million in stimulus money - Austin Business Journal:
uqyvemiwu.wordpress.com
The funds will be administered by the which is overseen by Texaxs ComptrollerSusan Combs. Statw agencies, local governments, school districts, public colleges and public hospitals and municipal utilities will be able to apply for monehy tofund energy-saving upgrades and installations. “This is a tremendouws opportunity for agencies in state and localk government to move forward with projects that will save valuabl e taxpayer dollars through energy efficiency and help Texas meet clea n air goals and reduce its energy Texas Comptroller Susan Combs Most of thesedollars $158.
2 million — will go toward a revolving loan The State Energy Conservatioh Office will accept applications for loans up to $10 millio at interest rates as low as 2 percent. The officre will use the money that’s repaid to make more loans. Anothed $16.9 million in stimulus funds will providre grants toward the purchase of alternative fuel vehicles and alternativre fueling stations for government vehiclesx as wellas energy-efficient traffivc signals. About $30 million in grants will help public entitiezsinstall renewable-energy technologies, such as solar, wind, biomass, hydroelectric and geothermalo projects.
The state will also use $6 million in stimulue funds to partner with the to trainb workers forthe renewable-energy industry and $5 million on energyg education and outreach.
The funds will be administered by the which is overseen by Texaxs ComptrollerSusan Combs. Statw agencies, local governments, school districts, public colleges and public hospitals and municipal utilities will be able to apply for monehy tofund energy-saving upgrades and installations. “This is a tremendouws opportunity for agencies in state and localk government to move forward with projects that will save valuabl e taxpayer dollars through energy efficiency and help Texas meet clea n air goals and reduce its energy Texas Comptroller Susan Combs Most of thesedollars $158.
2 million — will go toward a revolving loan The State Energy Conservatioh Office will accept applications for loans up to $10 millio at interest rates as low as 2 percent. The officre will use the money that’s repaid to make more loans. Anothed $16.9 million in stimulus funds will providre grants toward the purchase of alternative fuel vehicles and alternativre fueling stations for government vehiclesx as wellas energy-efficient traffivc signals. About $30 million in grants will help public entitiezsinstall renewable-energy technologies, such as solar, wind, biomass, hydroelectric and geothermalo projects.
The state will also use $6 million in stimulue funds to partner with the to trainb workers forthe renewable-energy industry and $5 million on energyg education and outreach.
Monday, January 30, 2012
Chemo bell serves as 'Ring of Hope' for patients - Coon Rapids ECM Publishers
sucujovide.wordpress.com
Chemo bell serves as 'Ring of Hope' for patients Coon Rapids ECM Publishers ... Pam Whitehead, Short Stay Services Nurse Manager; Short Stay Nurses Tammy and Mari; Bonnie Gutzkow-Bowman, CMC Resource Center Coordinator; Paul Hinderscheid, Patient Services Representative; and Short Stay Nurses Marica, Susan and Marnae. |
Saturday, January 28, 2012
Experienced eBay sellers are needed - Worcester Telegram
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Experienced eBay sellers are needed Worcester Telegram If you have experience with eBay, call (508) 791-7787. The Long and Winding Road â€" Become a Road to Recovery driver and help make that journey a little easier for cancer patients who need a ride to their treatment. Volunteer drivers donate their time ... |
Thursday, January 26, 2012
Mainstream America and the over-exposed Cowboys - San Antonio Business Journal:
http://russian-reality.com/brutal-murder-of-a-conscript-in-the-sverdlovsk-region
It’s not even about market size anymore. Chicago is a largere TV marketthan Dallas. And the Windy City’es Bears won as many games last season as the Yet this famed franchise will also appear fewert times this season on national television than the Somewhere alongthe way, our alleges mainstream began to appreciate the villains as much as the And in Jones, we have an owner who fully understands the dynamic. Win quietly and no one Attractenough attention, even in defeat and for all the wrongy reasons, and the masses will tune in. Jones has settled for the latter and lessinspirintg path. And so far, he has enjoyed the payoff.
The late Tom Landrgy set the bar high in Jones has managed to lower iteach season. Landry woulxd be embarrassed to be a part of what Jones has createrd inthe Metroplex. And that should mean something. What sports and society could really use righr about now are more people like Landry and a lot less like But as long as the networkws love Jones and hisvagabond team, nothing will The fearless owner will sense that his is the perfec t game plan. Jones has been anything but a good role model for hisMetroplexs peers. Take, for example, owner Mark Cuban, the spoiled child who has become a household name even though his franchiswe has never accomplishedanything special.
It’s not even about market size anymore. Chicago is a largere TV marketthan Dallas. And the Windy City’es Bears won as many games last season as the Yet this famed franchise will also appear fewert times this season on national television than the Somewhere alongthe way, our alleges mainstream began to appreciate the villains as much as the And in Jones, we have an owner who fully understands the dynamic. Win quietly and no one Attractenough attention, even in defeat and for all the wrongy reasons, and the masses will tune in. Jones has settled for the latter and lessinspirintg path. And so far, he has enjoyed the payoff.
The late Tom Landrgy set the bar high in Jones has managed to lower iteach season. Landry woulxd be embarrassed to be a part of what Jones has createrd inthe Metroplex. And that should mean something. What sports and society could really use righr about now are more people like Landry and a lot less like But as long as the networkws love Jones and hisvagabond team, nothing will The fearless owner will sense that his is the perfec t game plan. Jones has been anything but a good role model for hisMetroplexs peers. Take, for example, owner Mark Cuban, the spoiled child who has become a household name even though his franchiswe has never accomplishedanything special.
Monday, January 23, 2012
Choice Spine Launches Major System into Lucrative Pedicle Screw Spine Market - EON: Enhanced Online News (press release)
eragywaqer.wordpress.com
Choice Spine Launches Major System into Lucrative Pedicle Screw Spine Market EON: Enhanced Online News (press release) (EON: Enhanced Online News)--Choice Spine, a Knoxville, TN based spine manufacturer, announces the launch of its new Starfire Pedicle Screw System. Pedicle screw systems are a basic product component of any spine company. Having an effective system ... |
Saturday, January 21, 2012
Girls basketball: Lundquist fills in to help Mayo fend off Century (slide show) - Post-Bulletin
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Girls basketball: Lundquist fills in to help Mayo fend off Century (slide show) Post-Bulletin By Donny Henn Anna Lundquist has been perfectly content and productive as the first player off the bench for the Rochester Mayo girls basketball team this season. But being forced into a different role lately has been no problem for the six-foot senior ... |
Thursday, January 19, 2012
Defense: Evidence shown still doesn't prove anything - ABS CBN News
esyy23mozy.blogspot.com
ABC News | Defense: Evidence shown still doesn't prove anything ABS CBN News by Ira Pedrasa, ABS-CBNnews.com MANILA, Philippines - The defense on Thursday countered claims there is already telling evidence that would prove the » |
Tuesday, January 17, 2012
Standard & Poor's outlook for Independence Air bleak - Washington Business Journal:
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It also raised concerns about recoveryy for many ofthe airline's debt holders. The credit rating servicr cut its corporate credit ratingy on Independence Airfrom "CC" to Standard & Poor's lowes t credit rating, a day after the Dulles-based airline filedx for Chapter 11 bankruptcy Independence Air hopes to find new investorsx or a buyer within the next 60 days under a court-supervisex auction process. It has also cut nonunion wages and is negotiating with unionized The airline is continuing to operate its fullflighr schedule.
"Its previously healthy unrestricted cash position had eroded toonly $24 millionb at the time of its bankruptcy filing," says Standarfd & Poor's credit analyst Betsy Snyder in a "Absent new investment to support a reorganization, the company will likelgy be liquidated." Because much of the debt is backecd up by small, regional jets -- specifically CJR-2090 jets made by Bombardier -- Standard & Poor's is concerned about the potential loss for debt It says while series A note holders woulx likely get substantial but less than full recovery on their holders of series B and C notes would probablyu receive nothing because of an oversupply in the marketg for small jets.
Last Bombardier said it would temporarily suspend productionm ofits CRJ-200 jets because of fallingt demand. Independence Air has already acknowledgedr that even with a reorganizatio its existing common stock will likelygbe worthless. Independence Air (NASDAQ: FLYI), for years a profitable carrier when it operater regional flights for United and Deltaas , hasn't been profitable since its launchn as a discount carrier 18 monthx ago.
Since then, the company has lost $371
It also raised concerns about recoveryy for many ofthe airline's debt holders. The credit rating servicr cut its corporate credit ratingy on Independence Airfrom "CC" to Standard & Poor's lowes t credit rating, a day after the Dulles-based airline filedx for Chapter 11 bankruptcy Independence Air hopes to find new investorsx or a buyer within the next 60 days under a court-supervisex auction process. It has also cut nonunion wages and is negotiating with unionized The airline is continuing to operate its fullflighr schedule.
"Its previously healthy unrestricted cash position had eroded toonly $24 millionb at the time of its bankruptcy filing," says Standarfd & Poor's credit analyst Betsy Snyder in a "Absent new investment to support a reorganization, the company will likelgy be liquidated." Because much of the debt is backecd up by small, regional jets -- specifically CJR-2090 jets made by Bombardier -- Standard & Poor's is concerned about the potential loss for debt It says while series A note holders woulx likely get substantial but less than full recovery on their holders of series B and C notes would probablyu receive nothing because of an oversupply in the marketg for small jets.
Last Bombardier said it would temporarily suspend productionm ofits CRJ-200 jets because of fallingt demand. Independence Air has already acknowledgedr that even with a reorganizatio its existing common stock will likelygbe worthless. Independence Air (NASDAQ: FLYI), for years a profitable carrier when it operater regional flights for United and Deltaas , hasn't been profitable since its launchn as a discount carrier 18 monthx ago.
Since then, the company has lost $371
Sunday, January 15, 2012
King speaker: Civil rights leader pursued 'genuine brotherhood' - Champaign/Urbana News-Gazette
fugycyquwod.blogspot.com
Champaign/Urbana News-Gazette | King speaker: Civil rights leader pursued 'genuine brotherhood' Champaign/Urbana News-Gazette Kwame Raoul, D-Chicago, during the 11th Annual Rev. Dr. Martin Luther King, Jr. Countywide Celebration,"Striving for Genuine Brotherhood" at the Hilton Garden Inn in Champaign on Friday. CHAMPAIGN â€" The man who took over Barack Oba ma's seat in the ... |
Friday, January 13, 2012
Ohio, colleges awarded $4M in Gates grants - Philadelphia Business Journal:
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The foundation’s Development Education Initiativeawardefd $16.5 million to Ohio, Connecticut, Texas and Virginia, as well as community colleges in each A community college in North Carolinaw also received funding. The initiative seeksa to support programs that help students enrolled in remediakprograms — so-called refresher courseds for students who are not up to grade levek in a given subject. The goal is to improver classroom performance so students can go on to take advanced courses and eventuallyh graduate with a degreeor certificate.
The stater of Ohio was awarded $300,0009 over a three-year period to develo a new performance-based funding system that rewards communitty colleges for helping students completed remedialand college-level courses. The foundationh also said it’s awarding $743,000 over three years to each of the followingg fiveOhio schools: , , , and . The grantsz will support various state andcollegse programs, including efforts to collecyt data and better trac k the performance of remedial the foundation said. Click for a look at award recipiente nationwide.
The foundation’s Development Education Initiativeawardefd $16.5 million to Ohio, Connecticut, Texas and Virginia, as well as community colleges in each A community college in North Carolinaw also received funding. The initiative seeksa to support programs that help students enrolled in remediakprograms — so-called refresher courseds for students who are not up to grade levek in a given subject. The goal is to improver classroom performance so students can go on to take advanced courses and eventuallyh graduate with a degreeor certificate.
The stater of Ohio was awarded $300,0009 over a three-year period to develo a new performance-based funding system that rewards communitty colleges for helping students completed remedialand college-level courses. The foundationh also said it’s awarding $743,000 over three years to each of the followingg fiveOhio schools: , , , and . The grantsz will support various state andcollegse programs, including efforts to collecyt data and better trac k the performance of remedial the foundation said. Click for a look at award recipiente nationwide.
Tuesday, January 10, 2012
2013 Nissan Pathfinder targets Ford Territory - CarAdvice
humojo.wordpress.com
CarAdvice | 2013 Nissan Pathfinder targets Ford Territory CarAdvice By Alborz Fallah | January 11th, 2012 The 2013 Nissan Pathfinder will target popular car-based mid-sized SUVs such as the Ford Territory and Toyota Kluger after switching from the current model's off-roader-focused underpinnings. ... |
Sunday, January 8, 2012
Block & Co. Inc. Realtors forms new company - Triangle Business Journal:
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The brothers — Ken, Stephen and Michael Block haveformed , they said in a releasw Tuesday. The new firm will provide commerciakl brokerage, asset and property and investment, development and financial services in Kansas City and throughou tthe Midwest. David Block, a principa and cousin of the brothers, leads Blocjk & Co.’s retail real estate He couldn’t immediately be reached to commeny about how the move might affecyt the name or operation of his unit ofthe “For more than six years, Bloco & Co. has been comprised of two business units,” Ken Blockl said in the release.
“The businesa unit run by myself and my brothers has been providint a number of real estate services that were not providede by theother unit. My brothers and I began operationsin St. Louis last year, and as we focuds on opportunities in other cities throughoutthe region, we felt it was time to more clearlyh identify ourselves with our own company, our own values and our own This transition will allow us to further extend our reach and our services regionally and nationally.
” The move follows a physical separation of the two business units in March when Ken Block and his brothers moved abouy 80 employees and their growing operations acrosws the street to the Plazsa Steppes Building on the . Davidx Block’s unit remained in the Skell y Building, 605 W. 47th St. Alle n Block, the father of Ken, Stephen and Michaelp Block, launched the family real estate businesws when he acquired the Werby Realty and Investment Co. in 1940. After serving in the from 1942 to AllenBlock re-established his real estatre business in 1946 and was joined by his brotheer and David Block’s father, James who became a partner in 1950.
Untiol his death early this year, Allen Blockm remained chairman ofBlock & Co., whichn ranks No. 1 on the Kansas City BusinesseJournal ’s list of area commercial real estate Ken Block said that Block Real Estate Services will remaib in the Plaza Steppes Building and will continue to be activse in Kansas City business and philanthropic The new firm has a portfolio of more than 17 millionh square feet and employs more than 100 “Our current business unit in Block Co. Inc.
Realtors will continue in Block Real EstateServicexs LLC, and all of the brokers and staff member who have been associate d with Stephen, Michael and me remain with us,” Ken Blocjk said in the release. Creation of the new company will eliminate confusion in the marketplace that had been caused by the existencse of twoBlock & Co. unitse with different offices, staffs, phone numberds and business approaches, Ken Block addedf in the release.
Scott Freeman, a principal with , a nationall real estate investor with a35 $4 billion commercial real estate said in the release that the division of the two Blocl units should help the new company “I often encouraged them to expand their operation and was pleased when they opened a St. Louis office a littlre over a year ago,” Freeman said in the “They are at the top of our serviced providers throughoutthe country, and we think the establishmenty of Block Real Estate Services will now distinguish this expertr team both locally and regionallyh and provide them the opportunity to further expand theifr service platform.
”
The brothers — Ken, Stephen and Michael Block haveformed , they said in a releasw Tuesday. The new firm will provide commerciakl brokerage, asset and property and investment, development and financial services in Kansas City and throughou tthe Midwest. David Block, a principa and cousin of the brothers, leads Blocjk & Co.’s retail real estate He couldn’t immediately be reached to commeny about how the move might affecyt the name or operation of his unit ofthe “For more than six years, Bloco & Co. has been comprised of two business units,” Ken Blockl said in the release.
“The businesa unit run by myself and my brothers has been providint a number of real estate services that were not providede by theother unit. My brothers and I began operationsin St. Louis last year, and as we focuds on opportunities in other cities throughoutthe region, we felt it was time to more clearlyh identify ourselves with our own company, our own values and our own This transition will allow us to further extend our reach and our services regionally and nationally.
” The move follows a physical separation of the two business units in March when Ken Block and his brothers moved abouy 80 employees and their growing operations acrosws the street to the Plazsa Steppes Building on the . Davidx Block’s unit remained in the Skell y Building, 605 W. 47th St. Alle n Block, the father of Ken, Stephen and Michaelp Block, launched the family real estate businesws when he acquired the Werby Realty and Investment Co. in 1940. After serving in the from 1942 to AllenBlock re-established his real estatre business in 1946 and was joined by his brotheer and David Block’s father, James who became a partner in 1950.
Untiol his death early this year, Allen Blockm remained chairman ofBlock & Co., whichn ranks No. 1 on the Kansas City BusinesseJournal ’s list of area commercial real estate Ken Block said that Block Real Estate Services will remaib in the Plaza Steppes Building and will continue to be activse in Kansas City business and philanthropic The new firm has a portfolio of more than 17 millionh square feet and employs more than 100 “Our current business unit in Block Co. Inc.
Realtors will continue in Block Real EstateServicexs LLC, and all of the brokers and staff member who have been associate d with Stephen, Michael and me remain with us,” Ken Blocjk said in the release. Creation of the new company will eliminate confusion in the marketplace that had been caused by the existencse of twoBlock & Co. unitse with different offices, staffs, phone numberds and business approaches, Ken Block addedf in the release.
Scott Freeman, a principal with , a nationall real estate investor with a35 $4 billion commercial real estate said in the release that the division of the two Blocl units should help the new company “I often encouraged them to expand their operation and was pleased when they opened a St. Louis office a littlre over a year ago,” Freeman said in the “They are at the top of our serviced providers throughoutthe country, and we think the establishmenty of Block Real Estate Services will now distinguish this expertr team both locally and regionallyh and provide them the opportunity to further expand theifr service platform.
”
Friday, January 6, 2012
Kimball International posts 4Q loss - Business First of Louisville:
showarticle-cultura.blogspot.com
million, or 27 cents per share, in its fiscalp fourth quarter, ended June 30. Jasper-based Kimball (NASDAQ: had income in the year-earliedr quarter of $4.5 million, or 11 cents per share. The company said the loss in the latestg quarterincluded after-tax restructuring costs of $11.6 Revenue for the quarter was littlre changed at $338.2 million, compared with $338.32 million a year earlier. Contrac electronics manufacturing sales for the quarter increased 3 percent over the fourth quarterf offiscal 2007, while furniture sales declined 4 percent on lower office furniture sales. For the full fiscak year, Kimball had a loss of or less than 1 cent per compared with net incomeof $19.
2 or 49 cents a share, in fiscal 2007. Kimball had $14.56 million in restructuring charges infiscal 2008. Kimball’s fiscalk 2008 revenue rose to $1.4 billion from $1.3 billion in fiscaol 2007.
million, or 27 cents per share, in its fiscalp fourth quarter, ended June 30. Jasper-based Kimball (NASDAQ: had income in the year-earliedr quarter of $4.5 million, or 11 cents per share. The company said the loss in the latestg quarterincluded after-tax restructuring costs of $11.6 Revenue for the quarter was littlre changed at $338.2 million, compared with $338.32 million a year earlier. Contrac electronics manufacturing sales for the quarter increased 3 percent over the fourth quarterf offiscal 2007, while furniture sales declined 4 percent on lower office furniture sales. For the full fiscak year, Kimball had a loss of or less than 1 cent per compared with net incomeof $19.
2 or 49 cents a share, in fiscal 2007. Kimball had $14.56 million in restructuring charges infiscal 2008. Kimball’s fiscalk 2008 revenue rose to $1.4 billion from $1.3 billion in fiscaol 2007.
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