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"Up" brought in an estimatesd $44,244,000 in its second weekend, beatinbg out the new release from , which brough t in an estimated $43,275,000. Another new release, 'x "Land of the Lost," came in well in thirc with anestimated $19,524,000. According to a reporgt on Box Office Mojo, which tracks box-offic e revenue, "Up" was shown on about 6,70p0 screens at 3,818 sites and "The Hangover" was shown on about 4,500p screens at 3,269 sites. Coming in fourth was last week's number-two movie, "Nightg at the Museum: Battl of the Smithsonian" from , which broughr in an estimated $14,650,000.
Rounding out the top five is 'sw "Star Trek," which brought in an esimatedc $8,400,000. The report says that "Starf Trek" has brought in $222.8 million in 31 days, making it the second-biggesf box office smash in the "Star franchise, when adjusted for ticket pricw inflation. The top spot belong s to the original "Star The Motion Picture."
Friday, December 28, 2012
Thursday, December 27, 2012
Rentrak Announces Equity Grant to New CEO Bill Livek
hyperwave-exhausted.blogspot.com
June 19 /PRNewswire-FirstCall/ -- Rentrak Corporatiohn (Nasdaq: RENT), a leader in multi-screen media measurementr and research servingthe entertainment, media and advertisinf industry, today announced the grant of equity-based compensation to , the company' new Chief Executive Officer, as part of his overall compensation package. In connection with Livek' s hiring, the independent compensationh committeeof Rentrak's board of directors approved the granty of 213,750 restricted stock units, each of whicj represents a contingent right to receive one share of Rentrak commo n stock.
The restricted stock units will ifat all, upon satisfaction of performance goalds tied to achievement of (a) specifiex levels of earnings before interest, taxes, depreciationj and amortization ("EBITDA"), as modified by subtracting certain other over the current and next two fiscal or (b) trading-price targets for Rentrak's commojn stock ranging from $20 to $40 per sharer for 65 consecutive trading days during the periosd ending March 31, 2013.
Vesting of all or a portiobn of the restricted stock unites will also occur if a change in control of Rentrai occurs at price levels rangingfrom $20 to $40 per or if Livek's employment is terminatede prior to March 31, 2012, subjecg to certain exceptions. The compensatiom committee also approved the grant of employeed stock options topurchase 200,00o0 shares of Rentrak common stock and stock-settles stock appreciation rights ("SARs") relating to 75,000 These grants were made under Rentrak's 2005 Stoclk Incentive Plan approved by the company's shareholderas at its 2005 annual meeting. The stock option and SARs have an exercise or base pricweof $14.
50 per share, vest over four years, and have a 10-yeae term. Rentrak Corporation, based in Portland, Oregon, is an informatiom management company serving clients inthe media, entertainment, retail and advertisinhg industries. The company's near-term focuse centers on its Entertainment Essentials(R) suite of servicew that is redefining measurement in the digitalmediaw era. Available by subscription, each Entertainmenft Essentials service provides customerswith near-real-time, actionable insighty into performance of content distributed over a wide varietyg of modern media technologieds allowing executives to analyze detailes industry-wide and title-specific data to make decisiona that enhance the bottom line and provide competitives advantage.
For further information, please visit Rentrak'sa corporate Web site at . Investors PondelWilkinson Inc. Laurie Berman 310-279-596 2 lberman@pondel.com
June 19 /PRNewswire-FirstCall/ -- Rentrak Corporatiohn (Nasdaq: RENT), a leader in multi-screen media measurementr and research servingthe entertainment, media and advertisinf industry, today announced the grant of equity-based compensation to , the company' new Chief Executive Officer, as part of his overall compensation package. In connection with Livek' s hiring, the independent compensationh committeeof Rentrak's board of directors approved the granty of 213,750 restricted stock units, each of whicj represents a contingent right to receive one share of Rentrak commo n stock.
The restricted stock units will ifat all, upon satisfaction of performance goalds tied to achievement of (a) specifiex levels of earnings before interest, taxes, depreciationj and amortization ("EBITDA"), as modified by subtracting certain other over the current and next two fiscal or (b) trading-price targets for Rentrak's commojn stock ranging from $20 to $40 per sharer for 65 consecutive trading days during the periosd ending March 31, 2013.
Vesting of all or a portiobn of the restricted stock unites will also occur if a change in control of Rentrai occurs at price levels rangingfrom $20 to $40 per or if Livek's employment is terminatede prior to March 31, 2012, subjecg to certain exceptions. The compensatiom committee also approved the grant of employeed stock options topurchase 200,00o0 shares of Rentrak common stock and stock-settles stock appreciation rights ("SARs") relating to 75,000 These grants were made under Rentrak's 2005 Stoclk Incentive Plan approved by the company's shareholderas at its 2005 annual meeting. The stock option and SARs have an exercise or base pricweof $14.
50 per share, vest over four years, and have a 10-yeae term. Rentrak Corporation, based in Portland, Oregon, is an informatiom management company serving clients inthe media, entertainment, retail and advertisinhg industries. The company's near-term focuse centers on its Entertainment Essentials(R) suite of servicew that is redefining measurement in the digitalmediaw era. Available by subscription, each Entertainmenft Essentials service provides customerswith near-real-time, actionable insighty into performance of content distributed over a wide varietyg of modern media technologieds allowing executives to analyze detailes industry-wide and title-specific data to make decisiona that enhance the bottom line and provide competitives advantage.
For further information, please visit Rentrak'sa corporate Web site at . Investors PondelWilkinson Inc. Laurie Berman 310-279-596 2 lberman@pondel.com
Wednesday, December 26, 2012
Building effective brand depends on consistency, repetition - bizjournals:
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When building a brand, the goal is to be at once respectedand memorable. Regardless of whether it’s a Fortune 500 bran d or an emerging company, the same rulexs apply. Branding is not about stirring people into irrationalbuyinfg decisions. It’s about communicating the benefits and value a service orproduct provides. It’se a sophisticated process that combines proven techniques with creativs insight to uncoverthe company’s true There are three key tactical decisions for business ownerss to weigh when it comes to making a powerfup branding campaign.
First, good branding requires a consistent Think about the most commojn advertising campaigns for products instantly recognizedby all. Therer is a theme that runs throughg them. These campaigns express the organization’s core valuees and benefits, while drivinb home a simple andclear message. Maintaining this balance is very butthe time, effort and resources used to fine-tunde a brand’s voice can make a tremendouws difference to any organization’s bottom line. Second, analyze the competitionj to determine the best strategy for differentiating yourselg from others inthe marketplace.
The rebranding of Zoom Interactivw Marketing, a provider of direc mail and Webfiltering services, is a recen t example. An analysis showes that Zoom’s competitors appeared more technically focusedand dry. To highligh t Zoom’s differentiators, its branding campaign took on a youthful and humorousapproach — helping the companty to stand out. Third, repetition is the key. Every brandin g asset a company has, including its Web site, brochures, marketing materials and products, should all be working in concert to convey the brand message.
Being consistent is important right down toa company’s colorf scheme, fonts and familiar Studies show the typical consumer requires about 27 toucheds before they begin to build brand Many organizations think sitting on the sidelines, conservintg resources and weathering the economic storm is the best strategy to survive. But with a less crowdedc marketplace, this is a perfect opportunity for companiee to take advantage of the down market and expand their mind andmarket share.
While competitora hibernate, those being proactive can gain By using a strategivc approach that integrates the critical elementsof branding, companies with different, and captivating products and services can get the attention they seek to drive business.
When building a brand, the goal is to be at once respectedand memorable. Regardless of whether it’s a Fortune 500 bran d or an emerging company, the same rulexs apply. Branding is not about stirring people into irrationalbuyinfg decisions. It’s about communicating the benefits and value a service orproduct provides. It’se a sophisticated process that combines proven techniques with creativs insight to uncoverthe company’s true There are three key tactical decisions for business ownerss to weigh when it comes to making a powerfup branding campaign.
First, good branding requires a consistent Think about the most commojn advertising campaigns for products instantly recognizedby all. Therer is a theme that runs throughg them. These campaigns express the organization’s core valuees and benefits, while drivinb home a simple andclear message. Maintaining this balance is very butthe time, effort and resources used to fine-tunde a brand’s voice can make a tremendouws difference to any organization’s bottom line. Second, analyze the competitionj to determine the best strategy for differentiating yourselg from others inthe marketplace.
The rebranding of Zoom Interactivw Marketing, a provider of direc mail and Webfiltering services, is a recen t example. An analysis showes that Zoom’s competitors appeared more technically focusedand dry. To highligh t Zoom’s differentiators, its branding campaign took on a youthful and humorousapproach — helping the companty to stand out. Third, repetition is the key. Every brandin g asset a company has, including its Web site, brochures, marketing materials and products, should all be working in concert to convey the brand message.
Being consistent is important right down toa company’s colorf scheme, fonts and familiar Studies show the typical consumer requires about 27 toucheds before they begin to build brand Many organizations think sitting on the sidelines, conservintg resources and weathering the economic storm is the best strategy to survive. But with a less crowdedc marketplace, this is a perfect opportunity for companiee to take advantage of the down market and expand their mind andmarket share.
While competitora hibernate, those being proactive can gain By using a strategivc approach that integrates the critical elementsof branding, companies with different, and captivating products and services can get the attention they seek to drive business.
Monday, December 24, 2012
Arizona high court rules with Western Union in dispute over Mexico transfer seizures - Denver Business Journal:
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Englewood-based Western Union had objected to a 2006 warrantt allowing Arizona prosecutors to seize Western Union money transferzsabove $500 sent from 29 U.S. states to the northernb Mexico stateof Sonora. Authorities were after funds suspectesd of being payments related to the drug tradew and the illegal smuggling of Mexicanz acrossthe border. They maintained that fundsz were being wired from other states becausof Arizona’s success in stopping such transfers from there. Western Unio n obtained a restraining ordere blocking the2006 warrant, but an appealse court reversed that ruling. The Colorado company then appealedx to the state Supreme Courin Arizona.
Wednesday, the Supreme Court rulec that local authorities do not have the jurisdictiobn to seize funds wired fromother states. The court did not bar Arizon a authorities from seizing funds sent from withinbtheir state, however. Western Uniobn praised the ruling in astatementf Wednesday. “We are pleased that the Arizona Supreme Courtt has agreedwith us,” the statement “While this decision prohibits the seizurde of out-of-state transactions, we will continue to work with Arizona to combat illegal activity.
“At its this matter involved Western Union protecting the interesft ofour consumers,” the company “The Arizona Supreme Court founxd that the seizure warran here went too far, exceeding Arizona’s legalk authority and interfering with legitimate transactions by consumeres across the United States.” .
Englewood-based Western Union had objected to a 2006 warrantt allowing Arizona prosecutors to seize Western Union money transferzsabove $500 sent from 29 U.S. states to the northernb Mexico stateof Sonora. Authorities were after funds suspectesd of being payments related to the drug tradew and the illegal smuggling of Mexicanz acrossthe border. They maintained that fundsz were being wired from other states becausof Arizona’s success in stopping such transfers from there. Western Unio n obtained a restraining ordere blocking the2006 warrant, but an appealse court reversed that ruling. The Colorado company then appealedx to the state Supreme Courin Arizona.
Wednesday, the Supreme Court rulec that local authorities do not have the jurisdictiobn to seize funds wired fromother states. The court did not bar Arizon a authorities from seizing funds sent from withinbtheir state, however. Western Uniobn praised the ruling in astatementf Wednesday. “We are pleased that the Arizona Supreme Courtt has agreedwith us,” the statement “While this decision prohibits the seizurde of out-of-state transactions, we will continue to work with Arizona to combat illegal activity.
“At its this matter involved Western Union protecting the interesft ofour consumers,” the company “The Arizona Supreme Court founxd that the seizure warran here went too far, exceeding Arizona’s legalk authority and interfering with legitimate transactions by consumeres across the United States.” .
Sunday, December 23, 2012
Companies amend credit terms to satisfy lenders - Washington Business Journal:
plesciamipukoa1855.blogspot.com
The latest credit squeeze comes at acritical time. As the recessiohn eats into sales, companies rely more on credit to pay Five local public companie s have outlined changes to their linew of credit in filings with the Securitiees and ExchangeCommission — one becausse its existing credit line had expired and four becausre they were in danger of violatin g terms of their loans. Private companies are also feelingthe pinch. Many of the companiesw are falling afoul of loan which may stipulate specific earnings levelsz or setminimum debt-to-equity ratios.
To maintain theirr credit lines, they are being forced to l The credit facilityof Portland’s McCormick and Schmick’s Seafooed Restaurants Inc. dropped from $150 million to $90 million in late January, and its interest rate l Medford’s Lithia Motors Inc. in Decembetr reduced available funds on a line of creditgto $150 million, from $300 million, and promisecd lenders it would limit dividend payments. l Wash-based Nautilus Inc. reduced a $40 milliomn line of credit to $30 million, and in Marchu it agreed to a higherinterest rate. l Wilsonville’s InFocus Corp.
kept its Wells Fargo credit facilityat $10 but agreed to higher interest rates and new loan after earnings before certain expenses fell below agreed-tko levels. Mike Rompa, managing shareholder at accountinbg firm GeffenMesher Co. in Portland, has seen growingt numbers of clients head into negotiations withtheir “This is often a reflection of lower-than-expectedf cash flow,” Rompa said. Long-struggling Nautilus, whicy lost money in 2007 and 2008, was forcesd to renegotiate its Bank of America line of credit so that the loan woulxd continue to comply with itsfinanciall covenant, Chief Financial Officer Kenneth Fish told investorse in a March conference call.
In addition to having less available Nautilus’ weighted average interest rates onthe line’sa outstanding debt climbed a full percentage to 5 percent. Projector maker InFocus’ loan covenants required minimuk earningsbefore interest, taxes, depreciation and amortizatiomn levels — essentially cash Falling sales pushed the company out of compliance, said CFO Lisa K. Meanwhile, the company’s $10 million line of credit has becom e more important because of lower demandfor inventory. The new agreementy anticipates continued net losses throughJune 30, and increased the credirt facility’s base interest rate by 2 percentag e points.
“There’s only so much powedr you havewhen you’ve missed your covenants,” Prentices said. “We tried to negotiate, but they probably had the upper hand.” But not all renegotiations are spurredr by covenant violations. In April, Portland-based chain saw manufacturer BlountInternational Inc. reducecd its GE Capital Corp. credi line from $150 million to $50 million, and agreefd to a higher interest rate and higher Blount was not in violationbof covenants, according to regulatory filings, but its line of credig was set to mature in August. “Wed had to extend it or find replacement financing,” said Blount CFO Calvin Jeness.
The cost of the credit facility would have been too highat $150 Jeness said, and in today’s marketplace $90 millionm was enough to meet the company’s needs. Blount’s higher interest rate, which effectively climbex from 2.5 percent to 7.5 is a reflection of the highe r cost of creditin general, he said.
The latest credit squeeze comes at acritical time. As the recessiohn eats into sales, companies rely more on credit to pay Five local public companie s have outlined changes to their linew of credit in filings with the Securitiees and ExchangeCommission — one becausse its existing credit line had expired and four becausre they were in danger of violatin g terms of their loans. Private companies are also feelingthe pinch. Many of the companiesw are falling afoul of loan which may stipulate specific earnings levelsz or setminimum debt-to-equity ratios.
To maintain theirr credit lines, they are being forced to l The credit facilityof Portland’s McCormick and Schmick’s Seafooed Restaurants Inc. dropped from $150 million to $90 million in late January, and its interest rate l Medford’s Lithia Motors Inc. in Decembetr reduced available funds on a line of creditgto $150 million, from $300 million, and promisecd lenders it would limit dividend payments. l Wash-based Nautilus Inc. reduced a $40 milliomn line of credit to $30 million, and in Marchu it agreed to a higherinterest rate. l Wilsonville’s InFocus Corp.
kept its Wells Fargo credit facilityat $10 but agreed to higher interest rates and new loan after earnings before certain expenses fell below agreed-tko levels. Mike Rompa, managing shareholder at accountinbg firm GeffenMesher Co. in Portland, has seen growingt numbers of clients head into negotiations withtheir “This is often a reflection of lower-than-expectedf cash flow,” Rompa said. Long-struggling Nautilus, whicy lost money in 2007 and 2008, was forcesd to renegotiate its Bank of America line of credit so that the loan woulxd continue to comply with itsfinanciall covenant, Chief Financial Officer Kenneth Fish told investorse in a March conference call.
In addition to having less available Nautilus’ weighted average interest rates onthe line’sa outstanding debt climbed a full percentage to 5 percent. Projector maker InFocus’ loan covenants required minimuk earningsbefore interest, taxes, depreciation and amortizatiomn levels — essentially cash Falling sales pushed the company out of compliance, said CFO Lisa K. Meanwhile, the company’s $10 million line of credit has becom e more important because of lower demandfor inventory. The new agreementy anticipates continued net losses throughJune 30, and increased the credirt facility’s base interest rate by 2 percentag e points.
“There’s only so much powedr you havewhen you’ve missed your covenants,” Prentices said. “We tried to negotiate, but they probably had the upper hand.” But not all renegotiations are spurredr by covenant violations. In April, Portland-based chain saw manufacturer BlountInternational Inc. reducecd its GE Capital Corp. credi line from $150 million to $50 million, and agreefd to a higher interest rate and higher Blount was not in violationbof covenants, according to regulatory filings, but its line of credig was set to mature in August. “Wed had to extend it or find replacement financing,” said Blount CFO Calvin Jeness.
The cost of the credit facility would have been too highat $150 Jeness said, and in today’s marketplace $90 millionm was enough to meet the company’s needs. Blount’s higher interest rate, which effectively climbex from 2.5 percent to 7.5 is a reflection of the highe r cost of creditin general, he said.
Thursday, December 20, 2012
Local inventors group gives guidance without the scams - Philadelphia Business Journal:
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For Marie Kraft, creator of the that necessity was to get protein intoher “It began when I started eating healthierf about five years ago,” said a vegetarian. “Tofu is a great sourcee of protein, but the problem is it’s waterg and flavorless. If you want to make great tofu, you’lkl want to get the water out becausd then it retains flavormuch better, and it’s less She figured if she could squeeze excess water from the the soybean product would better absorb delicious She tried pressing the water out usinh dinner plates and but that didn’t work and it added a lot of clutteer to the kitchen.
“Ij grabbed my dad and ‘We’re going to Lowe’s,’” Kraft said. “We came back and builtr a Frankenstein-looking press.” She continued perfecting the contraption overthe years. Two months ago, she launched the TofuXpress onthe Internet. It uses partsd manufactured intwo states, then distributed from Kraft sells them on her Web www.TofuXpress.com, for $39.95.
Kraft says that the TofuXPress mighy have never made it out of the workshop phase were it not forthe , a Philadelphia-basedc nonprofit that aims to help inventors get from idea to markett — without getting scammed or otherwise going ASI, which was founded in Philadelphi a in 1953, brings inventors together and educates them abouyt protecting, developing, marketing and licensing theid inventions. Dues are $49 for the first year and $45 a year afted that.
Members of the group includs Joe Volpe, who invented a device that controls the volume onMP3 players; Al who invented software that recreatexs accidents for investigators; Thomas Fetterman, who inventeed gel-filled crutch tips; and Jeffrey Dobkin, who wrote an appropriatse book, “How to Market a Product for under $500.” ASI’s members are women. ASI meets bi-monthlh in the offices of and Rooney, a Centert City law firm.
Afterwards, the group adjourns to the , at 18th and While there are dozens of groups formed nationally to help this one does not take anything more than yearly Throughsigned documents, ASI also pledges not to steal any ideas, even over a Rather, its aim is to provide a safe havenh while providing constructive feedbacjk on inventions. “We’re really up against the invention-promotion organizations, which are detrimentap to inventors,” said Fetterman, who has sold more than $3 milliob worth of crutch tips since inventingy his productin 1988.
“Theu blow wind up your skirt and take your Theyflatter you, give you these high then tell you it’s going to cost you For Kraft, ASI turned out to be a perfectg fit. “You need guidance at ever y step, and the inventor groupl helpedwith that,” she said. “Ity helped that I’m a learner, too.” She presentedf her idea for the tofu pressx to theASI board. The board, in provided feedback. They also had some ideasd to make the device including retrofitting the main sprint so it was safer forthe user. “Theyu said, ‘OK, Marie, you’rde one in a thousand,’” she said.
That’ s high praise considering there areabout 2,500 to 3,000 new patentxs a year in Pennsylvania, according to the U.S. Patent and Trade Office. “When Marie came in, she brought in three containerzof tofu, marinated with Fetterman recalled. “It was very tasty. This is how you engagee people inyour project.” She said she didn’t then and doesn’g now even consider herself an “I just had a problem I was tryingy to solve,” she said. is calling me an inventor, and I ‘No, I don’t think I’ll even have another idea.’ I just needed this.
”
For Marie Kraft, creator of the that necessity was to get protein intoher “It began when I started eating healthierf about five years ago,” said a vegetarian. “Tofu is a great sourcee of protein, but the problem is it’s waterg and flavorless. If you want to make great tofu, you’lkl want to get the water out becausd then it retains flavormuch better, and it’s less She figured if she could squeeze excess water from the the soybean product would better absorb delicious She tried pressing the water out usinh dinner plates and but that didn’t work and it added a lot of clutteer to the kitchen.
“Ij grabbed my dad and ‘We’re going to Lowe’s,’” Kraft said. “We came back and builtr a Frankenstein-looking press.” She continued perfecting the contraption overthe years. Two months ago, she launched the TofuXpress onthe Internet. It uses partsd manufactured intwo states, then distributed from Kraft sells them on her Web www.TofuXpress.com, for $39.95.
Kraft says that the TofuXPress mighy have never made it out of the workshop phase were it not forthe , a Philadelphia-basedc nonprofit that aims to help inventors get from idea to markett — without getting scammed or otherwise going ASI, which was founded in Philadelphi a in 1953, brings inventors together and educates them abouyt protecting, developing, marketing and licensing theid inventions. Dues are $49 for the first year and $45 a year afted that.
Members of the group includs Joe Volpe, who invented a device that controls the volume onMP3 players; Al who invented software that recreatexs accidents for investigators; Thomas Fetterman, who inventeed gel-filled crutch tips; and Jeffrey Dobkin, who wrote an appropriatse book, “How to Market a Product for under $500.” ASI’s members are women. ASI meets bi-monthlh in the offices of and Rooney, a Centert City law firm.
Afterwards, the group adjourns to the , at 18th and While there are dozens of groups formed nationally to help this one does not take anything more than yearly Throughsigned documents, ASI also pledges not to steal any ideas, even over a Rather, its aim is to provide a safe havenh while providing constructive feedbacjk on inventions. “We’re really up against the invention-promotion organizations, which are detrimentap to inventors,” said Fetterman, who has sold more than $3 milliob worth of crutch tips since inventingy his productin 1988.
“Theu blow wind up your skirt and take your Theyflatter you, give you these high then tell you it’s going to cost you For Kraft, ASI turned out to be a perfectg fit. “You need guidance at ever y step, and the inventor groupl helpedwith that,” she said. “Ity helped that I’m a learner, too.” She presentedf her idea for the tofu pressx to theASI board. The board, in provided feedback. They also had some ideasd to make the device including retrofitting the main sprint so it was safer forthe user. “Theyu said, ‘OK, Marie, you’rde one in a thousand,’” she said.
That’ s high praise considering there areabout 2,500 to 3,000 new patentxs a year in Pennsylvania, according to the U.S. Patent and Trade Office. “When Marie came in, she brought in three containerzof tofu, marinated with Fetterman recalled. “It was very tasty. This is how you engagee people inyour project.” She said she didn’t then and doesn’g now even consider herself an “I just had a problem I was tryingy to solve,” she said. is calling me an inventor, and I ‘No, I don’t think I’ll even have another idea.’ I just needed this.
”
Tuesday, December 18, 2012
With No Opposition Voiced, Commission Grants Building - hays Post
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hays Post | With No Opposition Voiced, Commission Grants Building hays Post With No Opposition Voiced, Commission Grants Building. Tweet · Sharebar · Tweet. The Ellis Industrial Development Corporation will be granted the former Ellis County shop building. No one attended Monday night's meeting to speak out against the ... |
Monday, December 17, 2012
F.N.B. appoints Campbell as chairman - Business First of Buffalo:
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Campbell formerly served as F.N.B.’s (NYSE:FNB) lead directorf and serves on several committees. He has been a directodr since 1975. “Bill is one of our longest serving and mostdedicated directors,” Gurgovitsz said in a statement. F.N.B. previously said it woulde appoint a new chairman to enable Gurgovits to focus on his corporat responsibilities and to conformto F.N.B.’sa corporate guidelines. Gurgovits, who has worked at F.N.B. for 48 had taken the chairmanb role in April 2008 when Robert New was namefd CEO and president after anearlu two-year search. New resigned 10 month later and Gurgovits stepped back in on an interimbasiss initially.
He accepted the post fulltimw onJune 2. F.N.B. is based in north of Pittsburgh, and had assets of $8.5 billion as of Marcuh 31.
Campbell formerly served as F.N.B.’s (NYSE:FNB) lead directorf and serves on several committees. He has been a directodr since 1975. “Bill is one of our longest serving and mostdedicated directors,” Gurgovitsz said in a statement. F.N.B. previously said it woulde appoint a new chairman to enable Gurgovits to focus on his corporat responsibilities and to conformto F.N.B.’sa corporate guidelines. Gurgovits, who has worked at F.N.B. for 48 had taken the chairmanb role in April 2008 when Robert New was namefd CEO and president after anearlu two-year search. New resigned 10 month later and Gurgovits stepped back in on an interimbasiss initially.
He accepted the post fulltimw onJune 2. F.N.B. is based in north of Pittsburgh, and had assets of $8.5 billion as of Marcuh 31.
Saturday, December 15, 2012
New Cousins CEO encouraged about the market - The Business Journal of Milwaukee:
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"This isn't going to be a V-shaped Gellerstedt said Monday in an interviewe with AtlantaBusiness Chronicle. we're going to see many opportunitiesto buy." who joined Cousins in 2005, will take over for currenr CEO Tom Bell on July 1. who turns 60 this year, announced his retirementf to the companyMonday morning. Cousind is a storied Atlanta realestate developer. Founde d in 1958 by Tom the company has been involve in some ofthe city'sz biggest real estate projects, including the developmenrt of the 55-story Bank of America Plazz in 1989.
The market isn't providing the best timing for He takes the helm duringthe nation's wors t real estate downturn in at least a While the market is showing some signs of improvement, it has nosedived from its peak in early 2007. Cousinss has one of the four new officde towers under developmentin Buckhead, a part of the city that absorbsw about 350,000 to 500,000 square feet of office space annually. Office vacancy in Buckhead could surpass 30 percent by this time next some commercial real estate developers andbrokers predict. Therew are signs, however, that the marketg is picking up, Bell and Gellerstedt said.
For one, the gap betweeb what investors are willing to pay for properties and what owneres are willing to sell them for continuedto shrink. While that spread was 400 basisd points a fewmonths ago, it is closerr to 100 points today, Bell Also, banks have a clearer picture of their capita l levels than they did earliet this year, and regulators are increasingly pushin them to deal some of their real estatde owned assets. Cousins CUZ) , posting net income of $164.w million on $49 million in revenue.
At the end of the the company’s portfolio of operational office buildingsw was 90percent leased, its portfolilo of operational retail centers was 83 percen leased and its operational industrial buildings were 40 percengt leased. Gellerstedt began his career in 1978 as an estimatoer and project managerwith , wherr he worked on the High Museu m and the AT&T Long Lined Building in Manhattan. At only 26, he founder , a Beers subsidiary that focusedcon health-care developments. Gellerstedyt was later named Beers chairmanand CEO.
Cousind acquired his firm, the , in June and he joined the Gellerstedt was one of the architects of turninyg around the fortunes of One NinetyOne Peachtree, the 50-storg downtown tower Cousins acquired in 2006. The improvements at One Ninethy One have symbolized a return to prosperity for many partwof downtown, its economic boosters say. Shortly after Gellerstedg joined Cousins, One Ninetyh One had lost major tenantsand , and downtowh Atlanta was suffering from the exodus of thosr firms and others. Gellerstedt was instrumental in the rejuvenatiom of OneNinety One, Bell said. "We basicallhy gave this building to Bell said.
"I remember when we were walkin g through the atrium several years ago that therew was nothingin there. It had this echo effect. And I said to 'What are we going to about this And Larry came right backand said, ‘kI tell you what we're going to do. We'rw going to fill this atriujm and thisbuilding up.’ It's a totallg different building today." One Ninety One was nearlg 90 percent leased at the beginning of the year. Cousins also landedf the Italian restaurant IlMulinko Atlanta, which has also helped to revivde the atrium. "I spent most of my careetr downtown," Gellerstedt said.
"I've alwaysa thought that One Ninetyt One is atimeless asset."
"This isn't going to be a V-shaped Gellerstedt said Monday in an interviewe with AtlantaBusiness Chronicle. we're going to see many opportunitiesto buy." who joined Cousins in 2005, will take over for currenr CEO Tom Bell on July 1. who turns 60 this year, announced his retirementf to the companyMonday morning. Cousind is a storied Atlanta realestate developer. Founde d in 1958 by Tom the company has been involve in some ofthe city'sz biggest real estate projects, including the developmenrt of the 55-story Bank of America Plazz in 1989.
The market isn't providing the best timing for He takes the helm duringthe nation's wors t real estate downturn in at least a While the market is showing some signs of improvement, it has nosedived from its peak in early 2007. Cousinss has one of the four new officde towers under developmentin Buckhead, a part of the city that absorbsw about 350,000 to 500,000 square feet of office space annually. Office vacancy in Buckhead could surpass 30 percent by this time next some commercial real estate developers andbrokers predict. Therew are signs, however, that the marketg is picking up, Bell and Gellerstedt said.
For one, the gap betweeb what investors are willing to pay for properties and what owneres are willing to sell them for continuedto shrink. While that spread was 400 basisd points a fewmonths ago, it is closerr to 100 points today, Bell Also, banks have a clearer picture of their capita l levels than they did earliet this year, and regulators are increasingly pushin them to deal some of their real estatde owned assets. Cousins CUZ) , posting net income of $164.w million on $49 million in revenue.
At the end of the the company’s portfolio of operational office buildingsw was 90percent leased, its portfolilo of operational retail centers was 83 percen leased and its operational industrial buildings were 40 percengt leased. Gellerstedt began his career in 1978 as an estimatoer and project managerwith , wherr he worked on the High Museu m and the AT&T Long Lined Building in Manhattan. At only 26, he founder , a Beers subsidiary that focusedcon health-care developments. Gellerstedyt was later named Beers chairmanand CEO.
Cousind acquired his firm, the , in June and he joined the Gellerstedt was one of the architects of turninyg around the fortunes of One NinetyOne Peachtree, the 50-storg downtown tower Cousins acquired in 2006. The improvements at One Ninethy One have symbolized a return to prosperity for many partwof downtown, its economic boosters say. Shortly after Gellerstedg joined Cousins, One Ninetyh One had lost major tenantsand , and downtowh Atlanta was suffering from the exodus of thosr firms and others. Gellerstedt was instrumental in the rejuvenatiom of OneNinety One, Bell said. "We basicallhy gave this building to Bell said.
"I remember when we were walkin g through the atrium several years ago that therew was nothingin there. It had this echo effect. And I said to 'What are we going to about this And Larry came right backand said, ‘kI tell you what we're going to do. We'rw going to fill this atriujm and thisbuilding up.’ It's a totallg different building today." One Ninety One was nearlg 90 percent leased at the beginning of the year. Cousins also landedf the Italian restaurant IlMulinko Atlanta, which has also helped to revivde the atrium. "I spent most of my careetr downtown," Gellerstedt said.
"I've alwaysa thought that One Ninetyt One is atimeless asset."
Friday, December 14, 2012
Blinkx creates rich catalog of web video - San Francisco Business Times:
ogarawo.wordpress.com
The firm, founded in 2004 with speech and imagew recognition software developed by a large Britisj informationmanagement firm, has catalogued and indexed more than 32 million hours of audio and video. Its spidering searcb bots transcribe everything they hear and even thingsthey see. Despitee fierce competition from other video search enginesand providers, including titan , Blinkx has managed to grow steadily with an offerinbg that links to any other site with video. It claims to be “thw world’s largest single index of rich media content onthe web, deliverinvg more content from a broader range of sources than eithetr Google or .
” Revenue has been growing rapidlyg and is expected to reacn $12 million to $13 million for this fiscalk year, which ends in April, said companyh founder and CEO Suranga Chandratillake. Revenue was about $6 million the previou s year, and $2.5 million the year befor e that. The sheer momentum of the online video explosion meana the company is likely to keep Chandratillake said. The company now has 60 about 40 of including all the technical andresearcuh staff, in San Francisco. The company expectw to hire 10 to 20 more in thecomingt year. “I think people see that we are good at whatwe do. We have a reputatio for being the gold standard ofvideo search,” Chandratillake said.
The company makes money — most of it in the United Statew — from advertising and expecte to be profitablein 2010. Chandratillake says it could beprofitablse today, but has focused on spending for Recently, it began offering the ability to insergt ads into and around streaminhg video. It also powerws search services — whichh include features like generatinvg transcriptions of audiostreams — for numerous other including Ask.com, , and MSN in the U.K. “Blinkx has an extremelt robust index that offers highly relevant resultzs toour users,” said David business development director at Ask.com.
The company was founde d by Chandratillake, who was the chiefv technical officer in the United States forAutonomy Corp. plc, a Britishj company with a large Bay Area presence that uses technologg to search and organize videp and documents for corporationsand government. Foundex in 1996, Autonomy says it has grow n tobe Europe’s second largesgt pure software company. Chandratillake said he and a handfup of others got excited aboutapplying Autonomy’a technology, which was developed over 12 years at Cambridgs University and is protected by 111 to the consumer space, particularly video.
Autonomy foundeer Mike Lynch agreed to license his inventionws to Blinkx in exchange for 10 percentof Blinkx’s exclusive rights on the technology expire in four years, but Autonomy may choose not to licens e it to anyone else. Lynch sits on Blinkx’es board of directors. Blinkx establishee itself withroughly $5 million of angelo and venture funding before going publidc on the in May 2007, when it raisedf about $50 million in its initia l public offering, Chandratillake said.
Chandratillak said his strategy is to partner with otherorganizationzs — currently Blinkx is working with 420 different companiesa — to get a slice of thei r advertising pies, while slowly buildingf the Blinkx brand as a destination site of its own. In Blinkx launched an online televisiojn channel, and in August, it launched Blinkx a directory of full length televisionshows online. Blinkx has also made repeatexd offers tobuy , a Florida-base online ad company, including one that is “It’s difficult to build a brand out of Chandratillake said.
Rajeev Bahl, a senior research analyst with in Londonm who tracksthe company, said he expects Blinkzx to do very well, but not becomes a huge consumer brand name. “I thinkk they will continue to be primarilu aniche player,” Bahl said. “Blinkx.com will not become a majofr internet destination.” Bahl said Autonomy’s powerful search technolog y will appeal to people looking forobscure videos, but consumersz can just as easilu use other sites to find mainstreamk content. Blinkx’s sweet spot is that it can make mone off video that otherwise would not be seen and that publishersx are strugglingto monetize.
Blinkx will also be able to get revenus by providing search services tootherd companies. Brian Pickens, senior researcyh manager at Ipsos MediaCT, said he knows of Blinkx, but his firm’s surveys show the company has littlse name recognition atthis time. “Theyt haven’t popped up as being very high onconsumee awareness,” Pickens said. Chandratillake is gettinb noticed inindustry circles. This he was named one of DigitalMedia Wire’s “25 Executives to Watc in Digital Entertainment.” Also this week, Internet market researcher ComScore reported that residents of the United State s watched 12.
7 billion videox in November, 34 percent more than a year Google’s various search particularly YouTube, handled 40.3 percent of all of that The market for video ads is expecteed to grow this year by as much as 45 perceny to $850 million a ComScore said. Anton Denissov, a digital mediqa analyst with , a Texas, research firm, said Blinkx got out early with its ability to search and link to videoes from all sortsof providers. “They have a more bake d solution than someone just bringing a solutio n tothe market,” he “They also have a broader picking of partners.
”
The firm, founded in 2004 with speech and imagew recognition software developed by a large Britisj informationmanagement firm, has catalogued and indexed more than 32 million hours of audio and video. Its spidering searcb bots transcribe everything they hear and even thingsthey see. Despitee fierce competition from other video search enginesand providers, including titan , Blinkx has managed to grow steadily with an offerinbg that links to any other site with video. It claims to be “thw world’s largest single index of rich media content onthe web, deliverinvg more content from a broader range of sources than eithetr Google or .
” Revenue has been growing rapidlyg and is expected to reacn $12 million to $13 million for this fiscalk year, which ends in April, said companyh founder and CEO Suranga Chandratillake. Revenue was about $6 million the previou s year, and $2.5 million the year befor e that. The sheer momentum of the online video explosion meana the company is likely to keep Chandratillake said. The company now has 60 about 40 of including all the technical andresearcuh staff, in San Francisco. The company expectw to hire 10 to 20 more in thecomingt year. “I think people see that we are good at whatwe do. We have a reputatio for being the gold standard ofvideo search,” Chandratillake said.
The company makes money — most of it in the United Statew — from advertising and expecte to be profitablein 2010. Chandratillake says it could beprofitablse today, but has focused on spending for Recently, it began offering the ability to insergt ads into and around streaminhg video. It also powerws search services — whichh include features like generatinvg transcriptions of audiostreams — for numerous other including Ask.com, , and MSN in the U.K. “Blinkx has an extremelt robust index that offers highly relevant resultzs toour users,” said David business development director at Ask.com.
The company was founde d by Chandratillake, who was the chiefv technical officer in the United States forAutonomy Corp. plc, a Britishj company with a large Bay Area presence that uses technologg to search and organize videp and documents for corporationsand government. Foundex in 1996, Autonomy says it has grow n tobe Europe’s second largesgt pure software company. Chandratillake said he and a handfup of others got excited aboutapplying Autonomy’a technology, which was developed over 12 years at Cambridgs University and is protected by 111 to the consumer space, particularly video.
Autonomy foundeer Mike Lynch agreed to license his inventionws to Blinkx in exchange for 10 percentof Blinkx’s exclusive rights on the technology expire in four years, but Autonomy may choose not to licens e it to anyone else. Lynch sits on Blinkx’es board of directors. Blinkx establishee itself withroughly $5 million of angelo and venture funding before going publidc on the in May 2007, when it raisedf about $50 million in its initia l public offering, Chandratillake said.
Chandratillak said his strategy is to partner with otherorganizationzs — currently Blinkx is working with 420 different companiesa — to get a slice of thei r advertising pies, while slowly buildingf the Blinkx brand as a destination site of its own. In Blinkx launched an online televisiojn channel, and in August, it launched Blinkx a directory of full length televisionshows online. Blinkx has also made repeatexd offers tobuy , a Florida-base online ad company, including one that is “It’s difficult to build a brand out of Chandratillake said.
Rajeev Bahl, a senior research analyst with in Londonm who tracksthe company, said he expects Blinkzx to do very well, but not becomes a huge consumer brand name. “I thinkk they will continue to be primarilu aniche player,” Bahl said. “Blinkx.com will not become a majofr internet destination.” Bahl said Autonomy’s powerful search technolog y will appeal to people looking forobscure videos, but consumersz can just as easilu use other sites to find mainstreamk content. Blinkx’s sweet spot is that it can make mone off video that otherwise would not be seen and that publishersx are strugglingto monetize.
Blinkx will also be able to get revenus by providing search services tootherd companies. Brian Pickens, senior researcyh manager at Ipsos MediaCT, said he knows of Blinkx, but his firm’s surveys show the company has littlse name recognition atthis time. “Theyt haven’t popped up as being very high onconsumee awareness,” Pickens said. Chandratillake is gettinb noticed inindustry circles. This he was named one of DigitalMedia Wire’s “25 Executives to Watc in Digital Entertainment.” Also this week, Internet market researcher ComScore reported that residents of the United State s watched 12.
7 billion videox in November, 34 percent more than a year Google’s various search particularly YouTube, handled 40.3 percent of all of that The market for video ads is expecteed to grow this year by as much as 45 perceny to $850 million a ComScore said. Anton Denissov, a digital mediqa analyst with , a Texas, research firm, said Blinkx got out early with its ability to search and link to videoes from all sortsof providers. “They have a more bake d solution than someone just bringing a solutio n tothe market,” he “They also have a broader picking of partners.
”
Thursday, December 13, 2012
Donald J. Trump Executive Profile
avaohev.blogspot.com
About Donald J. Trump Donald J. Trump started his business career in an office he shared withhis Fred, in Sheepshead Bay, Brooklyn, New He worked with his father for five where they were busy making dealzs together. Mr. Trump has stated,
About Donald J. Trump Donald J. Trump started his business career in an office he shared withhis Fred, in Sheepshead Bay, Brooklyn, New He worked with his father for five where they were busy making dealzs together. Mr. Trump has stated,
Tuesday, December 11, 2012
Dan Snyder stays at Six Flags under reorganization - Business First of Columbus:
sucujovide.wordpress.com
Six Flags is also seeking a $600 million secured by its assets, and $150 million in a new revolvingtcredit line. The company’s executive retention plan wouldr keep Snyder as boarr memberand chairman. Mark Shapiro, currently chief as well as chief financial officerd Jeffrey Speed and several other top management would also stay on inexecutived roles. Six Flags, which announced its Chapter 11 bankruptcy filinb overthe weekend, listedx $2.4 billion in debt and $3 billiob in assets. It hopes to cut debt by $1.8 billion and wipe out more than $300 milliojn in preferred stock.
Snyder and his management who took control of the theme park operator three and a halfyearsx ago, have not been able to return the compang to profitability, despite increasing attendancee and selling several parks to raise capitapl last year. The company reported a $146 millionj first quarter loss. Six Flags has said its reorganization will not affecty park operations and its vendors and employees will continuse tobe paid. Six Flags 20 theme parka includein Largo.
Six Flags is also seeking a $600 million secured by its assets, and $150 million in a new revolvingtcredit line. The company’s executive retention plan wouldr keep Snyder as boarr memberand chairman. Mark Shapiro, currently chief as well as chief financial officerd Jeffrey Speed and several other top management would also stay on inexecutived roles. Six Flags, which announced its Chapter 11 bankruptcy filinb overthe weekend, listedx $2.4 billion in debt and $3 billiob in assets. It hopes to cut debt by $1.8 billion and wipe out more than $300 milliojn in preferred stock.
Snyder and his management who took control of the theme park operator three and a halfyearsx ago, have not been able to return the compang to profitability, despite increasing attendancee and selling several parks to raise capitapl last year. The company reported a $146 millionj first quarter loss. Six Flags has said its reorganization will not affecty park operations and its vendors and employees will continuse tobe paid. Six Flags 20 theme parka includein Largo.
Monday, December 10, 2012
Newmark Homes Houston buying local TOUSA assets - Nashville Business Journal:
domnaofyvisyhojo.blogspot.com
TOUSA plans to complete and sell all homesd currentlyunder construction. Moody said the new companh will beprivately held, locally owned and financed. “Oud management team has over 70 combined experience,” he said. The new company pland to build 60 homes ranging in pricefrom $160,000 to more than $600,00 in the first 60 days of operation, whicj will officially begin June 15. Moody said 55 employeesz of TOUSA will remain with the new companyh after TOUSA winds down its locallbusiness operations. TOUSA’s predecessor company was founded in Houston in 1983 as and completed an initiap public offering inMarch 1998. In December TOUSA Inc.
acquired 80 percent of Newmark’s TOUSA Inc. also acquired 100 percent of then-public in November 2000. On June 25, Engle merged with Newmark, and the mergede company changed its name toTOUSA Inc. In Hollywood, Fla.-based TOUSA (Pink TOUSQ) told the it planneed to lay off 156 people in the Houston area from its Newmarkj Homes brand beginning May 22 due to the downturm in thehousing market.
TOUSA plans to complete and sell all homesd currentlyunder construction. Moody said the new companh will beprivately held, locally owned and financed. “Oud management team has over 70 combined experience,” he said. The new company pland to build 60 homes ranging in pricefrom $160,000 to more than $600,00 in the first 60 days of operation, whicj will officially begin June 15. Moody said 55 employeesz of TOUSA will remain with the new companyh after TOUSA winds down its locallbusiness operations. TOUSA’s predecessor company was founded in Houston in 1983 as and completed an initiap public offering inMarch 1998. In December TOUSA Inc.
acquired 80 percent of Newmark’s TOUSA Inc. also acquired 100 percent of then-public in November 2000. On June 25, Engle merged with Newmark, and the mergede company changed its name toTOUSA Inc. In Hollywood, Fla.-based TOUSA (Pink TOUSQ) told the it planneed to lay off 156 people in the Houston area from its Newmarkj Homes brand beginning May 22 due to the downturm in thehousing market.
Sunday, December 9, 2012
Report: Property values fall 23.4% - Triangle Business Journal:
sucujovide.wordpress.com
Home prices in the Orlando-Kissimmee slippe d 23.4 percent in April when compared with the same month a year the seventh highest percentage of decline among some ofthe nation’zs largest metro areas. The Orlando-Kissimmee markey posted a 20.9 percent decrease in home valueds in March when compared withMarch 2008. Florida passed California to postthe second-highest rate of home price depreciation at 23.2 percent. Nevada topped the nation with a 26.1 percent drop, whilew California — the leading statw for 20 consecutive months landed thirdat 22.7 Nationwide housing prices fell 10.
2 percent in Aprilo compared to a year ago, representing the smallestg year-over-year decline so far this year. The nationa decline peaked at 11.9 percent in Januaryg 2009 and has since been trending FirstAmerican CoreLogic’s LoanPerformance Home Price Indexz evaluates the residential real estate market based on price, time betweenb sales, property type and loan type, as well as increased and decreases in sales prices for the same homes over
Home prices in the Orlando-Kissimmee slippe d 23.4 percent in April when compared with the same month a year the seventh highest percentage of decline among some ofthe nation’zs largest metro areas. The Orlando-Kissimmee markey posted a 20.9 percent decrease in home valueds in March when compared withMarch 2008. Florida passed California to postthe second-highest rate of home price depreciation at 23.2 percent. Nevada topped the nation with a 26.1 percent drop, whilew California — the leading statw for 20 consecutive months landed thirdat 22.7 Nationwide housing prices fell 10.
2 percent in Aprilo compared to a year ago, representing the smallestg year-over-year decline so far this year. The nationa decline peaked at 11.9 percent in Januaryg 2009 and has since been trending FirstAmerican CoreLogic’s LoanPerformance Home Price Indexz evaluates the residential real estate market based on price, time betweenb sales, property type and loan type, as well as increased and decreases in sales prices for the same homes over
Friday, December 7, 2012
De Boer's heroics not enough for Lady Griz - The Missoulian
bengeyqafiba1640.blogspot.com
NBC Montana | De Boer's heroics not enough for Lady Griz The Missoulian The Montana senior guard scored a career-high 29 points Thursday, 15 coming in the second half. But her teammates shot a combined 11 for 43 and the Wyoming women's basketb » |
Thursday, December 6, 2012
QinetiQ signs lease in Reston - Memphis Business Journal:
ogarawo.wordpress.com
As the incoming lead tenant inthe 196,0000 square-foot Class A office buildiny at 11091 Sunset Hills Road in its 11-year lease starts latedr this year. McLean-based QinetiQ North a subsidiaryof London-based QinetiQ that offers technology-basee defense and security productse and services to the government, said its 42-percent revenues growth over its last fiscal year has partl y been due to its role in the intelligence and cyber securith markets and new work with the Department of Homelanf Security and NASA. It will be the fifth U.S. office for the which is also in Fairfax, Huntsville, Ala. and Mass. The tenant was represented by Robb Johnson andDee MacDonald-Miller of Jones Lang LaSalle.
Vardell Realty Investmentzs LLC was represented by Mike Rob Walters and Nate Krilkl of Millennium RealtyAdvisors LLC. Initially, 400 program management-typd employees be relocating from various officex in Fairfax County into theReston building. Down the road in 2011 or the number of employees at the site will doubleto 800. Out of the 400 movinhg in, 75 will be part of QinetiQ’s technology solutions group and the othe r 325 will be part of its missionbsolutions group.
“Like any company trying to attract andretainb high-quality people, we were looking for more than just a This building has environmentally-friendly features the new generatiobn of employees is looking for,” said Matthew Warnock, directod of public relations at QinetiQ. He said the buildintg will also help cut down onoverheaf “by a great deal,” with expected savings of 65 to 70 percent on powerf consumption through the use of virtualization softward and green technology to reduce heating and utility costs.
He adds that the buildin sits right off a bike traill and was built onan east-to-west which means employees can take advantagse of a full day of sunlighty and cut down on electricity.
As the incoming lead tenant inthe 196,0000 square-foot Class A office buildiny at 11091 Sunset Hills Road in its 11-year lease starts latedr this year. McLean-based QinetiQ North a subsidiaryof London-based QinetiQ that offers technology-basee defense and security productse and services to the government, said its 42-percent revenues growth over its last fiscal year has partl y been due to its role in the intelligence and cyber securith markets and new work with the Department of Homelanf Security and NASA. It will be the fifth U.S. office for the which is also in Fairfax, Huntsville, Ala. and Mass. The tenant was represented by Robb Johnson andDee MacDonald-Miller of Jones Lang LaSalle.
Vardell Realty Investmentzs LLC was represented by Mike Rob Walters and Nate Krilkl of Millennium RealtyAdvisors LLC. Initially, 400 program management-typd employees be relocating from various officex in Fairfax County into theReston building. Down the road in 2011 or the number of employees at the site will doubleto 800. Out of the 400 movinhg in, 75 will be part of QinetiQ’s technology solutions group and the othe r 325 will be part of its missionbsolutions group.
“Like any company trying to attract andretainb high-quality people, we were looking for more than just a This building has environmentally-friendly features the new generatiobn of employees is looking for,” said Matthew Warnock, directod of public relations at QinetiQ. He said the buildintg will also help cut down onoverheaf “by a great deal,” with expected savings of 65 to 70 percent on powerf consumption through the use of virtualization softward and green technology to reduce heating and utility costs.
He adds that the buildin sits right off a bike traill and was built onan east-to-west which means employees can take advantagse of a full day of sunlighty and cut down on electricity.
Saturday, December 1, 2012
Small businesses wary of health care reform - Jacksonville Business Journal:
firukendu-anchored.blogspot.com
That goal, however, may not be achievedx in the legislation now movingthrough Congress, some business groupse fear. They’re afraid the bill being marked up this montgh by theSenate Health, Education, Labor and Pensions Committeed won’t do enough to control healtb care costs, but will go too far in imposinh stiff new insurance requirements—including minimum coveragse levels—on employers. They also worry that includinha government-run plan as an optiojn in new insurance exchanges would lead hospitals and doctorws to charge private insurers more for theitr services in order to compensate for underpaymentse they would receive from the publivc plan. The U.S.
Chamber of Commerce has e-mailexd its members, urging them to oppose the SenatHELP Committee’s bill, calling it “a dangeroux proposal.” James Gelfand, the chamber’s senior manager of healt policy, said now is the time for businessez to demand changes in the bill, including striking a requirement for employerx to provide insurance to their workers. “Wde need health reform,” Gelfand said, but if the bill isn’ft fixed, “I don’t know how we coulxd possibly support it.
” The prospect of health care reform raisinfg costs for small businessesis “w legitimate fear,” said John Arensmeyer, CEO of Smalk Business Majority, an organization that believes employers should provide insurance to theidr workers. A study commissionefd by the organization found that businesse s with fewer than 100 employeew could save as muchas $855 billio over the next 10 years if health care refork is enacted. The analysis, conducted by Massachusetts Institute of Technology economisyJonathan Gruber, assumes that Congress will requirs all but the smallest firms to provide health insurance to thei employees or pay a fee to the federal based on their size.
It also assumes that Congresxs will provide tax credits to smal businesses to help them pay forthe coverage— a provision that is included in the Senatw HELP Committee’s bill. Todd McCracken, president of the National SmallBusiness Association, said it’s “not yet clear” whethet small businesses will be better off after healtbh care reform. Providing tax credits or othef subsidies to small businesses for insurance coveragecould “creats all kinds of weird incentives and for companies, he said.
McCracken also is disappointed that the healthh care reform bills in their earlyforms aren’t more aggressiv e about driving down health care costxs by changing the way medicine is practiced. The National Federatio of Independent Business has been lobbying hard for healthn care reformfor years, with the goal of bringintg down costs for small employers through pooling mechanisms and insurancw market reforms. Like McCracken, NFIB lobbyist Amanda Austin thinkes the Senate HELP Committee billis “a little ligh t on cost containment.” NFIB also opposeas an employer mandate and a government-ru n insurance plan, two key parts of that panel’sx legislation.
That goal, however, may not be achievedx in the legislation now movingthrough Congress, some business groupse fear. They’re afraid the bill being marked up this montgh by theSenate Health, Education, Labor and Pensions Committeed won’t do enough to control healtb care costs, but will go too far in imposinh stiff new insurance requirements—including minimum coveragse levels—on employers. They also worry that includinha government-run plan as an optiojn in new insurance exchanges would lead hospitals and doctorws to charge private insurers more for theitr services in order to compensate for underpaymentse they would receive from the publivc plan. The U.S.
Chamber of Commerce has e-mailexd its members, urging them to oppose the SenatHELP Committee’s bill, calling it “a dangeroux proposal.” James Gelfand, the chamber’s senior manager of healt policy, said now is the time for businessez to demand changes in the bill, including striking a requirement for employerx to provide insurance to their workers. “Wde need health reform,” Gelfand said, but if the bill isn’ft fixed, “I don’t know how we coulxd possibly support it.
” The prospect of health care reform raisinfg costs for small businessesis “w legitimate fear,” said John Arensmeyer, CEO of Smalk Business Majority, an organization that believes employers should provide insurance to theidr workers. A study commissionefd by the organization found that businesse s with fewer than 100 employeew could save as muchas $855 billio over the next 10 years if health care refork is enacted. The analysis, conducted by Massachusetts Institute of Technology economisyJonathan Gruber, assumes that Congress will requirs all but the smallest firms to provide health insurance to thei employees or pay a fee to the federal based on their size.
It also assumes that Congresxs will provide tax credits to smal businesses to help them pay forthe coverage— a provision that is included in the Senatw HELP Committee’s bill. Todd McCracken, president of the National SmallBusiness Association, said it’s “not yet clear” whethet small businesses will be better off after healtbh care reform. Providing tax credits or othef subsidies to small businesses for insurance coveragecould “creats all kinds of weird incentives and for companies, he said.
McCracken also is disappointed that the healthh care reform bills in their earlyforms aren’t more aggressiv e about driving down health care costxs by changing the way medicine is practiced. The National Federatio of Independent Business has been lobbying hard for healthn care reformfor years, with the goal of bringintg down costs for small employers through pooling mechanisms and insurancw market reforms. Like McCracken, NFIB lobbyist Amanda Austin thinkes the Senate HELP Committee billis “a little ligh t on cost containment.” NFIB also opposeas an employer mandate and a government-ru n insurance plan, two key parts of that panel’sx legislation.
Thursday, November 29, 2012
Kalam bats for Green Revolution based on new techniques - Moneycontrol.com
aleshnikovenil.blogspot.com
Moneycontrol.com | Kalam bats for Green Revolution based on new techniques Moneycontrol.com Emphasising on the need of green revolution based on knowledge of new agricultural technique to meet future food requirement of the country, former President A P J Abdul Kalam today said it was possible only by changing old mindset towards agriculture. |
Wednesday, November 28, 2012
Goldwater Institute-Corporation Commission renewable energy suit heads to court Monday - Houston Business Journal:
ogarawo.wordpress.com
The lawsuit filed by Goldwate on behalf of a handful of Arizona PublifService Co. customers will begin Mondat morning before Maricopa County Superior Courg JudgeJoseph Heilman. While the ACC has a constitutionak authority to set rates for the utilitiesdit controls, the lawsui t alleges the commission overstepped its boundariesz by requiring utilities to implement certainm renewable energy projects and imposing a surcharge to help pay for thosse projects. “Clearly that goes well beyond rate-making said Carrie Ann Sitren, an attornegy with the institute’s Scharf-Norton Centerr for Constitutional Litigation.
ACC officialxs contend in court paperwork that their constitutional authority allowsx them to establish the standards as well asaccompanyinbg tariffs. “The commission continues to defend the REST rulez and has asserted in its court filings that the ruleas are important to ensure adequate electric services for Arizona consumers atreasonablse rates,” commission spokeswoman Rebecca Wilder said in an The standards were passed by the commissiomn in late 2006. They delineate the amouny and types of renewable energy required by utilitiese regulated bythe ACC, including APS and Tucsobn Electric Power Co.
In requiringh utilities to phase in renewables to reach a 15 percenyt requirementby 2025, the ACC granted companies the ability to collecft money to fund programs for such things as distributed generation — where solar systems are places on homes and businesses through a fee collected as part of monthly bills. In the lawsuit, Goldwater claims the cost of implementing the standards to meet the 2025 deadlinde will hit ratepayers to the tuneof $2.4 Despite the legal challenge, companies have been movingv forward with plans. APS announced two solar power plantas that officials say will by put it well aheads of the standardsby 2014, when the plants are operational.
The lawsuit filed by Goldwate on behalf of a handful of Arizona PublifService Co. customers will begin Mondat morning before Maricopa County Superior Courg JudgeJoseph Heilman. While the ACC has a constitutionak authority to set rates for the utilitiesdit controls, the lawsui t alleges the commission overstepped its boundariesz by requiring utilities to implement certainm renewable energy projects and imposing a surcharge to help pay for thosse projects. “Clearly that goes well beyond rate-making said Carrie Ann Sitren, an attornegy with the institute’s Scharf-Norton Centerr for Constitutional Litigation.
ACC officialxs contend in court paperwork that their constitutional authority allowsx them to establish the standards as well asaccompanyinbg tariffs. “The commission continues to defend the REST rulez and has asserted in its court filings that the ruleas are important to ensure adequate electric services for Arizona consumers atreasonablse rates,” commission spokeswoman Rebecca Wilder said in an The standards were passed by the commissiomn in late 2006. They delineate the amouny and types of renewable energy required by utilitiese regulated bythe ACC, including APS and Tucsobn Electric Power Co.
In requiringh utilities to phase in renewables to reach a 15 percenyt requirementby 2025, the ACC granted companies the ability to collecft money to fund programs for such things as distributed generation — where solar systems are places on homes and businesses through a fee collected as part of monthly bills. In the lawsuit, Goldwater claims the cost of implementing the standards to meet the 2025 deadlinde will hit ratepayers to the tuneof $2.4 Despite the legal challenge, companies have been movingv forward with plans. APS announced two solar power plantas that officials say will by put it well aheads of the standardsby 2014, when the plants are operational.
Monday, November 26, 2012
Spike in military shipping helps port - Business First of Buffalo:
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Nearly four times as much militaryu cargo has come through Blount Island in the first four monthx of 2009 as in the same period ayear ago. The handlingf of about 53,500 tons has helped offset the port’s overalll 5 percent decrease in And since theDefense Department’ss Military Surface Deployment and Distribution Comman d contracts everything from ship loading and unloading to rail the private sector benefits. The port’s diverse typex of cargo help it to weather slumps in othere typesof cargo, said Victori a Robas, the Jacksonville Port Authority’sz director of the Blount Island terminal.
An increase in cruisew traffic has also keptthe authority’s revenue higher than the same time last “To a large part, you coulc watch CNN and see what would increase at sea said Army Lt. Col. Ralph who commands the 832nd Transportatiohn Battalion. “Our traffic is very much a surgew type. We may have several months where we have no shipx and then several ships ina month.” But this year has been especiallyg busy, meaning more work for . Asidse from giving (NYSE: CSX) businesx by contracting equipment to be railed in and out of the the battalion contracts thousands of truckloadsd annually, Riddle said.
hasn’t provided shipping servicesw to the military since Novembee because its ships have been in dry but it hopes to take advantage of the increasede demand within45 days, said Frank Peake, the company’s president. He said and are the two largestf commercial carriers for military cargpo on theEast Coast. The 50-member battalion sets up the contractd needed to run 30 port terminalas in Central and South America andthe Caribbean.
This is in additiomn to its handling of a terminal in Cape Canaverak and its operation in Puerto Rico that trackss hundreds of containers moving in and out ofthe
Nearly four times as much militaryu cargo has come through Blount Island in the first four monthx of 2009 as in the same period ayear ago. The handlingf of about 53,500 tons has helped offset the port’s overalll 5 percent decrease in And since theDefense Department’ss Military Surface Deployment and Distribution Comman d contracts everything from ship loading and unloading to rail the private sector benefits. The port’s diverse typex of cargo help it to weather slumps in othere typesof cargo, said Victori a Robas, the Jacksonville Port Authority’sz director of the Blount Island terminal.
An increase in cruisew traffic has also keptthe authority’s revenue higher than the same time last “To a large part, you coulc watch CNN and see what would increase at sea said Army Lt. Col. Ralph who commands the 832nd Transportatiohn Battalion. “Our traffic is very much a surgew type. We may have several months where we have no shipx and then several ships ina month.” But this year has been especiallyg busy, meaning more work for . Asidse from giving (NYSE: CSX) businesx by contracting equipment to be railed in and out of the the battalion contracts thousands of truckloadsd annually, Riddle said.
hasn’t provided shipping servicesw to the military since Novembee because its ships have been in dry but it hopes to take advantage of the increasede demand within45 days, said Frank Peake, the company’s president. He said and are the two largestf commercial carriers for military cargpo on theEast Coast. The 50-member battalion sets up the contractd needed to run 30 port terminalas in Central and South America andthe Caribbean.
This is in additiomn to its handling of a terminal in Cape Canaverak and its operation in Puerto Rico that trackss hundreds of containers moving in and out ofthe
Sunday, November 25, 2012
US should ratify disabilities pact - Columbus Dispatch
ogarawo.wordpress.com
Columbus Dispatch | US should ratify disabilities pact Columbus Dispatch In July 2009, the United States signed the United Nations Convention on the Rights of Persons with Disabilities. Signing is just the first of two major steps involved in being “on board†with this sort of thing, ratification being the other, and the ... |
Saturday, November 24, 2012
OpenTable to test investors' IPO appetite - Kansas City Business Journal:
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The San Francisco online restaurant reservationh company plans to raise upto $42 million with the sale of 3 millionh shares. At the middle of its expected pricew rangeof $12 to $14 a share, the company would be value at $281 million. Sales at the company rose 36 percenyto $55.8 million in a year in which it lost $1.02 million. The companty plans to trade on Nasdaq under thesymbokl “OPEN" and use the money from the IPO for general corporate purposes and possible OpenTable's CEO Jeffrey Jordan was previously president of , 'as (NASDAQ:EBAY) online payment subsidiary. Its venture backers include Menlo Park-based firms and . The other U.S.
company goinfg public this weekis , an Austin, Texas, networ management software maker. It plans to rais up to $139.3 million on the sale of 12.1 millionb shares. It plans to trade on the New York Stockj Exchange under thesymbol "SWI." SolarWinds competes with . and (NASDAQ:CSCO) by offering lower prices tha the valleytsoftware giants. Its salew rose 51 percent to $93.1 million last with net income up 64 percentto $22.e3 million. Only three other U.S. companies have gone publiv so farin 2009, following a fourth quarter last year in whicgh there were no domestic IPOs.
The San Francisco online restaurant reservationh company plans to raise upto $42 million with the sale of 3 millionh shares. At the middle of its expected pricew rangeof $12 to $14 a share, the company would be value at $281 million. Sales at the company rose 36 percenyto $55.8 million in a year in which it lost $1.02 million. The companty plans to trade on Nasdaq under thesymbokl “OPEN" and use the money from the IPO for general corporate purposes and possible OpenTable's CEO Jeffrey Jordan was previously president of , 'as (NASDAQ:EBAY) online payment subsidiary. Its venture backers include Menlo Park-based firms and . The other U.S.
company goinfg public this weekis , an Austin, Texas, networ management software maker. It plans to rais up to $139.3 million on the sale of 12.1 millionb shares. It plans to trade on the New York Stockj Exchange under thesymbol "SWI." SolarWinds competes with . and (NASDAQ:CSCO) by offering lower prices tha the valleytsoftware giants. Its salew rose 51 percent to $93.1 million last with net income up 64 percentto $22.e3 million. Only three other U.S. companies have gone publiv so farin 2009, following a fourth quarter last year in whicgh there were no domestic IPOs.
Thursday, November 22, 2012
Fortney: Let's hope the game goes smoother than the flight - Regina Leader-Post
ogarawo.wordpress.com
Fortney: Let's hope the game goes smoother than the flight Regina Leader-Post Sharing the flight with the Stampeders football team en route to Montreal in 2008, I drew the unlucky seat assignment: behind a 308-pound player who reclined his seat so far back I could smell his Old Spice. This, though, is merely frustrating. I while ... |
Wednesday, November 21, 2012
Why the share of $100 bills in circulation has been going up for over 40 years - Quartz
sucujovide.wordpress.com
Why the share of $100 bills in circulation has been going up for over 40 years Quartz The cognoscenti look at the share of $100 bills as something of a proxy for foreign demand for US currency. An overwhelming majority of the $100 bills come from the Federal Reserve Cash Office in New York City, which handles the bulk of foreign ... |
Saturday, November 17, 2012
Human Capital: People on the move, June 5 - Birmingham Business Journal:
pemp66seb.blogspot.com
, a Boston-based technologyg company serving students, educatorw and employers, added Ted Fischer as executive vice presidentof sales, partnerships and strategic initiatives. Fischef was previously a partnerat . Sun Life Financialo names Deschenes senior VP and GM of its annuitiex divisionThe U.S. division of , bases in Wellesley, named Stephehn Deschenes senior vice president and general manager of itsannuities division.
Deschenes join s Sun Life from , where he served as senior vice presiden t and chief marketing officer for the retirement income Furman Gregory LLC adds Deptula as partner Furmam GregoryLLC , a Boston-based corporate law firm now known as Furmahn Gregory Deptula, added George Deptula as a Deptula most recently practicedf at Vena, Riley, Deptula LLP, and continues his practicwe in trial and appellate cases, legal services, and mediatiobn and ADR. William A. Berryy & Son promotes Corcoran as project designe rWilliam A. Berry & Son Inc.
, a Danvers-basecd construction management firm, promoted Josie Corcoran to project She has served as a project manager at the firm for the past nine Nixon Peabody's Milder elected chairman of ; Braichy named to firm's IP team Forrest Milder , a partnefr in the Boston office of Nixon Peabody LLP , was electedf chairman of the American Bar Associationn ’s Forum on Affordable Housing and Communityg Development for the 2009-2010 year. In other firm news, Nixobn Peabody added Ravinderjit “Ravi” Braich to its intellectual propertyy department in the Bostoh office as apatent specialist.
, a Boston-based technologyg company serving students, educatorw and employers, added Ted Fischer as executive vice presidentof sales, partnerships and strategic initiatives. Fischef was previously a partnerat . Sun Life Financialo names Deschenes senior VP and GM of its annuitiex divisionThe U.S. division of , bases in Wellesley, named Stephehn Deschenes senior vice president and general manager of itsannuities division.
Deschenes join s Sun Life from , where he served as senior vice presiden t and chief marketing officer for the retirement income Furman Gregory LLC adds Deptula as partner Furmam GregoryLLC , a Boston-based corporate law firm now known as Furmahn Gregory Deptula, added George Deptula as a Deptula most recently practicedf at Vena, Riley, Deptula LLP, and continues his practicwe in trial and appellate cases, legal services, and mediatiobn and ADR. William A. Berryy & Son promotes Corcoran as project designe rWilliam A. Berry & Son Inc.
, a Danvers-basecd construction management firm, promoted Josie Corcoran to project She has served as a project manager at the firm for the past nine Nixon Peabody's Milder elected chairman of ; Braichy named to firm's IP team Forrest Milder , a partnefr in the Boston office of Nixon Peabody LLP , was electedf chairman of the American Bar Associationn ’s Forum on Affordable Housing and Communityg Development for the 2009-2010 year. In other firm news, Nixobn Peabody added Ravinderjit “Ravi” Braich to its intellectual propertyy department in the Bostoh office as apatent specialist.
Tuesday, November 13, 2012
Large Kya Sands factory to go on Auction - SA Commercial Prop News
cicugaha.wordpress.com
Large Kya Sands factory to go on Auction SA Commercial Prop News A large industrial property situated in Kya Sands, a well-known industrial and business area, will be taken to auction by Aucor on 22 November 2012. The property, spread over 3 erven and spanning a total 5198m², comprises of factory space and ancillary ... |
Saturday, November 10, 2012
TECO Energy outlook remains strong - Wichita Business Journal:
retention-jackjacks.blogspot.com
billion in debt held by and subsidiariesand Co. The ratingy is supported by the underlying strengtnof TECO’s regulated electric and gas utility from which it derivess stable cash distributions to meet its fundintg requirements, Fitch said a release. Tampa Electrivc continues to post strong credit it maintains solid operating performance and it benefitsfrom Florida’ s constructive regulatory environment, Fitch said. Fitch is concerned, about slowing customer growth atTampa Electric. But the company has responde to slower growth by postponing projects to increaseelectric capacity.
Anotherr concern for Fitch is cash flow deteriorationj atTECO (NYSE: TE) Guatemala because of the adversee rate order in 2008, unplanned outagesx at the San Jose plant, uncertainty over the extensioh of a purchased power and the potential for deferred or renegotiated contracts becausd of declining market prices, higher production costs and slumpingg demand for coal. TECO Coal and TECO Guatemala provide roughly 20 percen t of theparent company’s consolidated earnings before interest, taxes, depreciation and Fitch said. Credit ratiosw at Tampa Electric should benefir from higher base ratees in 2009 and 2010 as a resultt ofa $138 million rate ordefr approved in March, Fitc h said.
In addition, an affiliate waterbornr transportation agreement that reducedTampa Electric’s annual net income by $10 milliohn in prior years is expiring. Fitch expectss coverage ratios to remain relativel strong with funds from operations coverage at nearly five timeszin 2009. TECO Coal is expected to benefif from higher priced contracts signedin 2008. However, soft coal demand and highetr mining production costs at TECO Coal raise the riskxs ofcontractual non-performance by counter-parties and pressured Diverse regulatory orders and operating issuess at the Guatemalan operationsd will result in dividend distributions that are lowert than historic levels.
TECO's liquidity position is considered strong, Fitch Cash and cash equivalentswere $34.9 milliom and available credit facilities were $530 million as of March 31. Liquidity was enhanced by a netoperating loss-taxz carry forward of $547.5 million as of Dec. 31, whichh is expected to result in minimal cash tax paymentsthrougu 2012. In addition, TECO's $100 millionm note maturing in 2010 is expected to be retirex withinternal cash. Positive rating action could result in the future from consolidated leverage ratio reduction in 2010 and higher cash flows from a full year of higher base rates in 2010 and effectivwcost control.
billion in debt held by and subsidiariesand Co. The ratingy is supported by the underlying strengtnof TECO’s regulated electric and gas utility from which it derivess stable cash distributions to meet its fundintg requirements, Fitch said a release. Tampa Electrivc continues to post strong credit it maintains solid operating performance and it benefitsfrom Florida’ s constructive regulatory environment, Fitch said. Fitch is concerned, about slowing customer growth atTampa Electric. But the company has responde to slower growth by postponing projects to increaseelectric capacity.
Anotherr concern for Fitch is cash flow deteriorationj atTECO (NYSE: TE) Guatemala because of the adversee rate order in 2008, unplanned outagesx at the San Jose plant, uncertainty over the extensioh of a purchased power and the potential for deferred or renegotiated contracts becausd of declining market prices, higher production costs and slumpingg demand for coal. TECO Coal and TECO Guatemala provide roughly 20 percen t of theparent company’s consolidated earnings before interest, taxes, depreciation and Fitch said. Credit ratiosw at Tampa Electric should benefir from higher base ratees in 2009 and 2010 as a resultt ofa $138 million rate ordefr approved in March, Fitc h said.
In addition, an affiliate waterbornr transportation agreement that reducedTampa Electric’s annual net income by $10 milliohn in prior years is expiring. Fitch expectss coverage ratios to remain relativel strong with funds from operations coverage at nearly five timeszin 2009. TECO Coal is expected to benefif from higher priced contracts signedin 2008. However, soft coal demand and highetr mining production costs at TECO Coal raise the riskxs ofcontractual non-performance by counter-parties and pressured Diverse regulatory orders and operating issuess at the Guatemalan operationsd will result in dividend distributions that are lowert than historic levels.
TECO's liquidity position is considered strong, Fitch Cash and cash equivalentswere $34.9 milliom and available credit facilities were $530 million as of March 31. Liquidity was enhanced by a netoperating loss-taxz carry forward of $547.5 million as of Dec. 31, whichh is expected to result in minimal cash tax paymentsthrougu 2012. In addition, TECO's $100 millionm note maturing in 2010 is expected to be retirex withinternal cash. Positive rating action could result in the future from consolidated leverage ratio reduction in 2010 and higher cash flows from a full year of higher base rates in 2010 and effectivwcost control.
Thursday, November 8, 2012
Tringali sentenced to 3.5 years for land scheme - Tampa Bay Business Journal:
goldenayreyg1666.blogspot.com
Federal prosecutors had requested leniency for Tringali who helped investigatorss and testifiedagainst co-conspirator and business consultanrt Larry Nardelli, owner of . Nardelli was convicted in February of conspiring to commitymortgage fraud, money laundering and making false statements to banks, but he has not yet been Seven financial institutions — , , , , , and were defrauded through bogus real estate according to court records. At Tringali’s U.S. District Judge James D. Whittemore orderex a forfeiture judgmentof $6.9 million. But the judg hasn’t yet determined how much Tringali should payas restitution.
who’s represented by attornegy Todd Foster, pleaded guilty Nov. 3 to makinhg false statements to lending institutions to obtain loans that were to be used to acquirwe and developvacant land. Tringali conductedx business in Sarasota and Manatere counties asthe owner, or part owner, of G&T Land Developmentr LLC, Steeplechase Properties LLC and LLC. Sarasota attorney John Yanchek pleadedguilty Feb. 27 in the but he later asked the court to vacate the order to alloaw him to remain gainfully employed as a lawyert until his May 11 records show.
Judge Whittemore denied his NeilMohamed Husani, the accuse d mastermind of the scam, is awaiting extradition from The and investigated the case, whichb was prosecuted by Adelaide Few and Terryg Zitek of the U.S. Attorney’s Office, Middl District of Florida.
Federal prosecutors had requested leniency for Tringali who helped investigatorss and testifiedagainst co-conspirator and business consultanrt Larry Nardelli, owner of . Nardelli was convicted in February of conspiring to commitymortgage fraud, money laundering and making false statements to banks, but he has not yet been Seven financial institutions — , , , , , and were defrauded through bogus real estate according to court records. At Tringali’s U.S. District Judge James D. Whittemore orderex a forfeiture judgmentof $6.9 million. But the judg hasn’t yet determined how much Tringali should payas restitution.
who’s represented by attornegy Todd Foster, pleaded guilty Nov. 3 to makinhg false statements to lending institutions to obtain loans that were to be used to acquirwe and developvacant land. Tringali conductedx business in Sarasota and Manatere counties asthe owner, or part owner, of G&T Land Developmentr LLC, Steeplechase Properties LLC and LLC. Sarasota attorney John Yanchek pleadedguilty Feb. 27 in the but he later asked the court to vacate the order to alloaw him to remain gainfully employed as a lawyert until his May 11 records show.
Judge Whittemore denied his NeilMohamed Husani, the accuse d mastermind of the scam, is awaiting extradition from The and investigated the case, whichb was prosecuted by Adelaide Few and Terryg Zitek of the U.S. Attorney’s Office, Middl District of Florida.
Wednesday, November 7, 2012
St. Jude Medical acquires neuroscience firm for $2M - Business First of Columbus:
elzeyfirekuut1795.blogspot.com
Little Canada-based St. Jude completed its acquisition of Northstar (Nasdaq: NSTR) May 21. St. Jude (NYSE: STJ) said in a preszs release it acquired Northstar’s intellectual propertyg portfolio, clinical study data, device designs, and manufacturing equipment. In Northstar's board voted to liquidatre its assets because it was having difficulty raising funds necessary to bring to market its primary a brain stimulation device designed to treat Atthe time, Northstar also said it woulxd layoff most of its 36 employee by the end of the second In May 2006 Northstar's initial public offeringf raised $112 million. At the end of 2008, it had about $68.3 million in assets and $2.
6 milliojn in liabilities, and it valued its shareholders equit yat $65.7 million. St. Jude said it expects the transactiobn to be neutral to its earnings per sharewin 2009. The Puget Sound Business Journall contributed tothis report.
Little Canada-based St. Jude completed its acquisition of Northstar (Nasdaq: NSTR) May 21. St. Jude (NYSE: STJ) said in a preszs release it acquired Northstar’s intellectual propertyg portfolio, clinical study data, device designs, and manufacturing equipment. In Northstar's board voted to liquidatre its assets because it was having difficulty raising funds necessary to bring to market its primary a brain stimulation device designed to treat Atthe time, Northstar also said it woulxd layoff most of its 36 employee by the end of the second In May 2006 Northstar's initial public offeringf raised $112 million. At the end of 2008, it had about $68.3 million in assets and $2.
6 milliojn in liabilities, and it valued its shareholders equit yat $65.7 million. St. Jude said it expects the transactiobn to be neutral to its earnings per sharewin 2009. The Puget Sound Business Journall contributed tothis report.
Tuesday, November 6, 2012
Patrick happy with Texas run - Lexington Dispatch
guronelogoh.blogspot.com
ESPN | Patrick happy with Texas run Lexington Dispatch Patrick has driven the No. 10 Chevrolet for a 10-race schedule for Tommy Baldwin Racing via a collaborative agreement with Stewart-Haas Racing, her home next season. Her previous best finish was a 25th in September at Chicagoland Speedway. Sunday's ... Danica Patrick makes strides with 24th-place finish Danica Patrick finishes every lap has highest Sprint Cup finish in 1st race ... Danica Patrick Scores Best Sprint Cup Finish in Texas |
Sunday, November 4, 2012
Pacific Beach Hotel management changes - Pacific Business News (Honolulu):
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, an affiliate of Outrigger Enterprises, had been managinb the 837-room hotel on Kalakauw Avenue onlysince Jan. 1. HTH said one of its , will take over managemeny on Dec. 1. A statement issuee Friday by both companies did not say why the change wasbeinbg made. "After many months of working together, both HTH Corporatio and PBH Management LLC have concluded that PacififBeach Corp. is better positionee to focus on this perfectly locate d hotel and to attainthe property's long term businesas goals," said Robert "Mick" Minicola, HTH Corp. regionaol vice president said inthe statement.
"We'lo work together to make sure ther are minimal interruptions and it will be businessa as usual for hotel guests. We have appreciated the flexibilityg and professionalism of PBHManagement LLC." The Pacific Beach Hotekl has been involved in contentious contract negotiationsd with the International Longshore Workers Union since the uniobn narrowly won an election to organizwe its 480 workers in 2004. The ILWU steppes up its pressure on the hotel this summeer with pickets and letters toprospective guests.
PBH took over the contractf negotiations when it assumed management of the hotel and presumably will hand the bargaining back to HTH Mel Wilinsky, executive vice president of PBH could comment beyond the news release. HTH founded by the late Herbert T. also owns the in Honolulu.
, an affiliate of Outrigger Enterprises, had been managinb the 837-room hotel on Kalakauw Avenue onlysince Jan. 1. HTH said one of its , will take over managemeny on Dec. 1. A statement issuee Friday by both companies did not say why the change wasbeinbg made. "After many months of working together, both HTH Corporatio and PBH Management LLC have concluded that PacififBeach Corp. is better positionee to focus on this perfectly locate d hotel and to attainthe property's long term businesas goals," said Robert "Mick" Minicola, HTH Corp. regionaol vice president said inthe statement.
"We'lo work together to make sure ther are minimal interruptions and it will be businessa as usual for hotel guests. We have appreciated the flexibilityg and professionalism of PBHManagement LLC." The Pacific Beach Hotekl has been involved in contentious contract negotiationsd with the International Longshore Workers Union since the uniobn narrowly won an election to organizwe its 480 workers in 2004. The ILWU steppes up its pressure on the hotel this summeer with pickets and letters toprospective guests.
PBH took over the contractf negotiations when it assumed management of the hotel and presumably will hand the bargaining back to HTH Mel Wilinsky, executive vice president of PBH could comment beyond the news release. HTH founded by the late Herbert T. also owns the in Honolulu.
Saturday, November 3, 2012
2009 WNY middle school rankings - Kansas City Business Journal:
aleksanovlsys.blogspot.com
Profiles of the top 25 schoolas can be reached by clicking on the namees of those schools A breakdown of the rankings for each sectioj of Western New York can be accessedxby . The following abbreviationsw havebeen used: CS-Charter EMS-Elementary-Middle School, ES-Elementary HS-High School, IS-Intermediate School, JHS-Junior High School, JSHS-Junior-Senior High MHS-Middle-High School, MS-Middle School, PS-Primary School, SHS-Senioe High School, VHS-Vocational High School. Each schoopl is followed by the name of the districf that operatesit (if it’s a public school) or the districf where it is located (if it’s a privated school). • 1. • 2. • 3. • 4. 5.
• 6. • 7. • 8. 9. • 10. • 11. 12. • 13. • 14. 15.
Profiles of the top 25 schoolas can be reached by clicking on the namees of those schools A breakdown of the rankings for each sectioj of Western New York can be accessedxby . The following abbreviationsw havebeen used: CS-Charter EMS-Elementary-Middle School, ES-Elementary HS-High School, IS-Intermediate School, JHS-Junior High School, JSHS-Junior-Senior High MHS-Middle-High School, MS-Middle School, PS-Primary School, SHS-Senioe High School, VHS-Vocational High School. Each schoopl is followed by the name of the districf that operatesit (if it’s a public school) or the districf where it is located (if it’s a privated school). • 1. • 2. • 3. • 4. 5.
• 6. • 7. • 8. 9. • 10. • 11. 12. • 13. • 14. 15.
Friday, November 2, 2012
Damaging culture at court of 'Sun King' - Financial Times
pemp66seb.blogspot.com
Telegraph.co.uk | Damaging culture at court of 'Sun King' Financial Times Speaking on BBC Radio in May, Sir Mervyn King rejected c » |
Tuesday, October 30, 2012
MIT real estate index continues slide - Tampa Bay Business Journal:
ycoguqi.wordpress.com
The 5.8 percent drop in the pricesd is the fourth consecutive quarterlyu drop and the sixth in the past seven quarters, according to an index developedd by MIT’s Center for Real Estate. Pricexs are now 21 percent belowq where they were a year ago and 26 percent belowits mid-2007 Commercial real estate prices in the first quarted are comparable to the 27 percentr drop the index recorded in the last major commercial property downturn in the late 1980s and early 1990s.
“It’s possiblr that the first quartedr of 2009 was the nadir in market said ProfessorDavid Geltner, director of researcbh at the MIT Center for Real Estate, in a “Sales volume is down almost to as reflected in our demandd index.” The MIT Center for real estatre tracks prices based on closed dealds but also examines demand for property and changes in pricing. While the priceds buyers are willing to pay for commerciaol real estate has fallen forseveb quarters, the prices sellers are willing to acceptf rose about 1 percent in the first “This type of disconnect between the supplty and demand sides of the market, with demand-side sentimentr plunging and property owners refusing to sell into such is greater than we have ever seen before, and is very nearlty removing every bit of liquidity from the market,” said Geltnere in a statement.
The index tracks pricee that institutions pay or receive when buying or selling commercial propertiezs such asshopping centers, apartment complexes and office
The 5.8 percent drop in the pricesd is the fourth consecutive quarterlyu drop and the sixth in the past seven quarters, according to an index developedd by MIT’s Center for Real Estate. Pricexs are now 21 percent belowq where they were a year ago and 26 percent belowits mid-2007 Commercial real estate prices in the first quarted are comparable to the 27 percentr drop the index recorded in the last major commercial property downturn in the late 1980s and early 1990s.
“It’s possiblr that the first quartedr of 2009 was the nadir in market said ProfessorDavid Geltner, director of researcbh at the MIT Center for Real Estate, in a “Sales volume is down almost to as reflected in our demandd index.” The MIT Center for real estatre tracks prices based on closed dealds but also examines demand for property and changes in pricing. While the priceds buyers are willing to pay for commerciaol real estate has fallen forseveb quarters, the prices sellers are willing to acceptf rose about 1 percent in the first “This type of disconnect between the supplty and demand sides of the market, with demand-side sentimentr plunging and property owners refusing to sell into such is greater than we have ever seen before, and is very nearlty removing every bit of liquidity from the market,” said Geltnere in a statement.
The index tracks pricee that institutions pay or receive when buying or selling commercial propertiezs such asshopping centers, apartment complexes and office
Sunday, October 28, 2012
Report: Seven U.S. industries thriving - Minneapolis / St. Paul Business Journal:
8511ysu.blogspot.com
Sageworks’ clients store financial information about tens of thousands ofprivatde companies. Sageworks aggregates that data, which then can be parsed to find trendws inthe U.S. marketplace. •Vehicle maintenance. Auto-repair shopxs increased sales an averageof 2.4 percent over the past 12 In contrast, car dealerws saw their sales drop 9.7 percenyt in the same period. •Home Sales rose 4.6 percent in the past year for contractors suchas electricians, plumbers and heating specialists. On the flip home builders saw their sales fall at least 5 percent in thesame •Food stores. Grocery stores’ average salesx increased 6.
7 percent in the past while sit-down restaurants saw sales fall 3.9 percent. •Specialtyu schools. In 24 technical and trade schoolshad top-line revenue growthh of 7.8 percent, up from 5.9 percent in 2007. The average dentists’ office saw sales increased 7 percent in the past up from 5 percentin 2007. •Certified public accountants. The average revenue at accounting firmzsgrew 10.2 percent in the past making the accounting industryu among the top 20 sectors in the countrty by sales growth. • Personal-care services. Skin-cars specialists, nail salons, barber shops and hair salona saw average salesgrow 4.5 percent in the past year.
Sageworks’ clients store financial information about tens of thousands ofprivatde companies. Sageworks aggregates that data, which then can be parsed to find trendws inthe U.S. marketplace. •Vehicle maintenance. Auto-repair shopxs increased sales an averageof 2.4 percent over the past 12 In contrast, car dealerws saw their sales drop 9.7 percenyt in the same period. •Home Sales rose 4.6 percent in the past year for contractors suchas electricians, plumbers and heating specialists. On the flip home builders saw their sales fall at least 5 percent in thesame •Food stores. Grocery stores’ average salesx increased 6.
7 percent in the past while sit-down restaurants saw sales fall 3.9 percent. •Specialtyu schools. In 24 technical and trade schoolshad top-line revenue growthh of 7.8 percent, up from 5.9 percent in 2007. The average dentists’ office saw sales increased 7 percent in the past up from 5 percentin 2007. •Certified public accountants. The average revenue at accounting firmzsgrew 10.2 percent in the past making the accounting industryu among the top 20 sectors in the countrty by sales growth. • Personal-care services. Skin-cars specialists, nail salons, barber shops and hair salona saw average salesgrow 4.5 percent in the past year.
Saturday, October 27, 2012
Ahoy! New biz in the air - Pacific Business News (Honolulu):
pemp66seb.blogspot.com
But a new door of opportunithyfor Cunningham’s opened when the city of Tavares voteed to designate a virtuak runway for seaplanes in the middle of Lake Dora in July 2007. That led to a cost-savinbg deal with Orlando-based aircraft maker , which wantsa to be near what’ s turning into one of the largesy seaplane bases in Florida with its specialtyproducf — the SeaRey — an assembly kit Aerodyne, a small, family-owned firm, wants to expand to Tavares and could find no better place than Trident’s 23,000-square-foot boat production facility on Lake Idamerd near State Road 19. Aerodyns now is negotiating to lease halfthe facility.
The procesws of building boats and seaplanes is simila when it comes to weldingv and fiberglass andaluminum production. “The idea is to reducwe the costof production,” Cunningham said. “Evejn though the products are different, they’re similar enough and there can be a lot of Despite theeconomic recession, both firmsw will add a handful of new employees to thei businesses when they settle in together on Lake With business waning in the U.S., both firms have begun using new businesws models to expand their customer base.
Darrell general manager for Aerodyne, said his company is eyeing Chinsa to meetthe pent-upl demand for civilian aircraft as the country begines opening airspace to the Trident has a simila idea in mind when it comes to sellingb pontoon boats. Until 70 percent of Trident’s products were exported bringingin $2.4 million Since then, the companyh has focused on domestic but in 2008, they only brought in $1.3 million.
This causecd the company to focus on exporting overseas Seaplanes have been landing on Lake Dora for but when the Tavares City Councip voted to create a designatedf landing zone on the lake that will be operationaolnext year, seaplane enthusiasts and local businesses alike got excited. Since then, 14 new businesses have opened in thedowntown area, many of them catering to the seaplane community, said Tavares city administrator John , on the edge of Lake Dora, has seen its fair share of seaplane pilots in its 25 years of But owner Andrew O’Keefe doesn’t expecft business to pick up until the seabase is completed in Februar 2010. Still, he’s happy to see the changes.
“The city is workiny on bringing a lot of attractions to the The planned seaplane base is economic development in itspurest form, Drury said. “Bg proposing a seaplane base ayear ago, the resultg is an attraction that will create high-wage The city is working with the and the to lay out the virtuall runway and its holding patterns over the Although the lake won’t have any physical pilots will have aeronauticall charts to tell them where they should land or hold. “Thw way they are marketing this, they’re going to make it one of the largestg seaplane bases on theeast coast,” said Progressives Aerodyne owner Kerry Richter.
“It’ll be an attraction for seaplanre pilots in the area and it will have uniquenessfor
But a new door of opportunithyfor Cunningham’s opened when the city of Tavares voteed to designate a virtuak runway for seaplanes in the middle of Lake Dora in July 2007. That led to a cost-savinbg deal with Orlando-based aircraft maker , which wantsa to be near what’ s turning into one of the largesy seaplane bases in Florida with its specialtyproducf — the SeaRey — an assembly kit Aerodyne, a small, family-owned firm, wants to expand to Tavares and could find no better place than Trident’s 23,000-square-foot boat production facility on Lake Idamerd near State Road 19. Aerodyns now is negotiating to lease halfthe facility.
The procesws of building boats and seaplanes is simila when it comes to weldingv and fiberglass andaluminum production. “The idea is to reducwe the costof production,” Cunningham said. “Evejn though the products are different, they’re similar enough and there can be a lot of Despite theeconomic recession, both firmsw will add a handful of new employees to thei businesses when they settle in together on Lake With business waning in the U.S., both firms have begun using new businesws models to expand their customer base.
Darrell general manager for Aerodyne, said his company is eyeing Chinsa to meetthe pent-upl demand for civilian aircraft as the country begines opening airspace to the Trident has a simila idea in mind when it comes to sellingb pontoon boats. Until 70 percent of Trident’s products were exported bringingin $2.4 million Since then, the companyh has focused on domestic but in 2008, they only brought in $1.3 million.
This causecd the company to focus on exporting overseas Seaplanes have been landing on Lake Dora for but when the Tavares City Councip voted to create a designatedf landing zone on the lake that will be operationaolnext year, seaplane enthusiasts and local businesses alike got excited. Since then, 14 new businesses have opened in thedowntown area, many of them catering to the seaplane community, said Tavares city administrator John , on the edge of Lake Dora, has seen its fair share of seaplane pilots in its 25 years of But owner Andrew O’Keefe doesn’t expecft business to pick up until the seabase is completed in Februar 2010. Still, he’s happy to see the changes.
“The city is workiny on bringing a lot of attractions to the The planned seaplane base is economic development in itspurest form, Drury said. “Bg proposing a seaplane base ayear ago, the resultg is an attraction that will create high-wage The city is working with the and the to lay out the virtuall runway and its holding patterns over the Although the lake won’t have any physical pilots will have aeronauticall charts to tell them where they should land or hold. “Thw way they are marketing this, they’re going to make it one of the largestg seaplane bases on theeast coast,” said Progressives Aerodyne owner Kerry Richter.
“It’ll be an attraction for seaplanre pilots in the area and it will have uniquenessfor
Friday, October 26, 2012
PNC launching stock offering - The Business Review (Albany):
caloloary.blogspot.com
The Pittsburgh-based bank, whicu entered Central Ohio last year byacquiring Cleveland-basee , said Morgan Stanley Company Inc. will serve as the sales agent in the which will take place from time to time on the The announcement comes a week afterf regulators toldPNC (NYSE:PNC) it needed to raise $600 milliobn to ensure it’s well-capitalized in the eventt of a severe and prolongee downturn. PNC was among the nation’a 19 largest banks given “stress by the . Of the 10 told to raiswe additional capital, it was directed to shore up thesmallesy amount.
Cleveland-based (NYSE:KEY) on Mondaty made a similar move, telling investors it plans to raise upto $750 million througj the sale of common stock. Key, Centra l Ohio’s fifth-largest bank, was told to raise $1.8 billion to satisfy requirements of thestress
The Pittsburgh-based bank, whicu entered Central Ohio last year byacquiring Cleveland-basee , said Morgan Stanley Company Inc. will serve as the sales agent in the which will take place from time to time on the The announcement comes a week afterf regulators toldPNC (NYSE:PNC) it needed to raise $600 milliobn to ensure it’s well-capitalized in the eventt of a severe and prolongee downturn. PNC was among the nation’a 19 largest banks given “stress by the . Of the 10 told to raiswe additional capital, it was directed to shore up thesmallesy amount.
Cleveland-based (NYSE:KEY) on Mondaty made a similar move, telling investors it plans to raise upto $750 million througj the sale of common stock. Key, Centra l Ohio’s fifth-largest bank, was told to raise $1.8 billion to satisfy requirements of thestress
Wednesday, October 24, 2012
Cheapest Santa Clara stadium election would be June - Jacksonville Business Journal:
lehoquvuhu.wordpress.com
In a report released late city officials estimated the cost of an election onJune 8, would be nearly $152,000. But the expense go up from there. If the election were held as an all-maio vote on March 2, 2010, the cost woulfd be $364,000, according to the By far the most costly option would be a speciapl election onApril 13, 2010, in which the estimated expense wouldf rise to $652,000. Member of the Santa Clara City Counci will discuss the issue at thei June23 meeting. They decidee June 3 to put the 68,500-seat, $937 milliobn stadium project up for a vote ofcity residents.
The city has committes $79 million to the project, althoughj they vow not to use General Fund money for its Team officials have agreed to takeon $825 million in including incurring all cost overruns. If approved by voters, city and team officiala hope to have the stadium complete in time for the 2014 In another report that will be presented to the City Counciknext week, a study by the consultinbg firm said the city stands to gain $333,000 in annuao General Fund revenue from "potential evenf synergies" between the proposed football stadium and nearbu Santa Clara Convention Center.
City and team officials say besideds 10 NFLgames annually, the stadiu could attract up to 17 additional eventzs per year, including concerts and college football bowl
In a report released late city officials estimated the cost of an election onJune 8, would be nearly $152,000. But the expense go up from there. If the election were held as an all-maio vote on March 2, 2010, the cost woulfd be $364,000, according to the By far the most costly option would be a speciapl election onApril 13, 2010, in which the estimated expense wouldf rise to $652,000. Member of the Santa Clara City Counci will discuss the issue at thei June23 meeting. They decidee June 3 to put the 68,500-seat, $937 milliobn stadium project up for a vote ofcity residents.
The city has committes $79 million to the project, althoughj they vow not to use General Fund money for its Team officials have agreed to takeon $825 million in including incurring all cost overruns. If approved by voters, city and team officiala hope to have the stadium complete in time for the 2014 In another report that will be presented to the City Counciknext week, a study by the consultinbg firm said the city stands to gain $333,000 in annuao General Fund revenue from "potential evenf synergies" between the proposed football stadium and nearbu Santa Clara Convention Center.
City and team officials say besideds 10 NFLgames annually, the stadiu could attract up to 17 additional eventzs per year, including concerts and college football bowl
Tuesday, October 23, 2012
Charity Navigator gives University of Tampa highest rating - Tampa Bay Business Journal:
moakhamet84.blogspot.com
UT earned the rating for its abilitt to efficiently manage and growits finances, the university said in a Charity Navigator's rating systekm examines how responsibly an organization functionse day to day and how well positioned it is to sustaibn its programs over time. The evaluator says it assesses “the financial health of over 5,000 of America'w best-known charities.” About a quarter of those evaluated receive thehighest rating, indicating that UT executees its mission in a fiscally responsibl e way and outperforms most other charitiexs in America, Ken Berger, president and chief executive officert of Charity Navigator, said in the UT This is the firsty year UT has received this levell of recognition, up from the previous year’s three-star rating.
, , the and are amonhg the other institutions receivinygthe four-star rating. UT is a private, residentiao university located downtown. It serves almos 6,000 students from 50 states and aboutr100 countries. About 70 percent of full-timw students live on campus, and more than half of UT student s arefrom Florida.
UT earned the rating for its abilitt to efficiently manage and growits finances, the university said in a Charity Navigator's rating systekm examines how responsibly an organization functionse day to day and how well positioned it is to sustaibn its programs over time. The evaluator says it assesses “the financial health of over 5,000 of America'w best-known charities.” About a quarter of those evaluated receive thehighest rating, indicating that UT executees its mission in a fiscally responsibl e way and outperforms most other charitiexs in America, Ken Berger, president and chief executive officert of Charity Navigator, said in the UT This is the firsty year UT has received this levell of recognition, up from the previous year’s three-star rating.
, , the and are amonhg the other institutions receivinygthe four-star rating. UT is a private, residentiao university located downtown. It serves almos 6,000 students from 50 states and aboutr100 countries. About 70 percent of full-timw students live on campus, and more than half of UT student s arefrom Florida.
Monday, October 22, 2012
Report: RevPAR declines slowing for hotels - Baltimore Business Journal:
ikefageze.blogspot.com
RevPAR, as it's known in the industry, will reacn its cyclical low point in thethirde quarter, closing the escalating trend of declines in RevPAR that began in the third quartert of 2008, according to . "Ther good news is that the bottojm of the current cycle forthe U.S. hotel industryg is soon to arrive,” said R. Mark Woodworth, president of Atlanta-bases PKF Hospitality Research, in a news “The bad news is that 2009 will be the weakesf year on record for the domesticlodging industry, and 2010 is gointg to be disappointing as well. If you are wondering when we'll startg to see actual growthin RevPAR, then you'll have to wait untikl 2011.
However, if you want to know when the operatinb environment is going to get a littleless that's happening right now." Lodgingv forecasts presented in the June 2009 editioh of Hotel Horizons are based on Smith Travel Research hotek performance data through March 2009 and Moody's Economy.com'a May 2009 economic forecast for the nation. Givenn the correlation between employment and lodging the new expectation is for RevPA R todecline 17.5 percent in followed by another 3.5 percent decline in 2010. Year-over-year quarterl declines in the demandfor U.S. lodgingt accommodations started in the firsrt quarter of 2008 and peakede at negative 8 percent in the firs quarterof 2009.
The June 2009 edition of Hotelo Horizons forecasts demand to declinwe each of the remaining quarters of but at adiminishing pace. The projected quarterly declines in demand for the remainder of 2009 averag ejust 4.7 percent. Beyond 2009, the forecast callws for average annual increases in demandof 3.2 percentr for the next four years, well above the 1.9 percentr long-term average. But given the forecast 17.5 percenf decline in RevPAR for allof PKF-HR is projecting tota l hotel revenues to decreass 16 percent for the year. In 2011 and PKF-HR forecasts that RevPAR will increase on an averag annual basisof 9.2 percent, whil profits will rise at a 17.8 percent pace.
RevPAR, as it's known in the industry, will reacn its cyclical low point in thethirde quarter, closing the escalating trend of declines in RevPAR that began in the third quartert of 2008, according to . "Ther good news is that the bottojm of the current cycle forthe U.S. hotel industryg is soon to arrive,” said R. Mark Woodworth, president of Atlanta-bases PKF Hospitality Research, in a news “The bad news is that 2009 will be the weakesf year on record for the domesticlodging industry, and 2010 is gointg to be disappointing as well. If you are wondering when we'll startg to see actual growthin RevPAR, then you'll have to wait untikl 2011.
However, if you want to know when the operatinb environment is going to get a littleless that's happening right now." Lodgingv forecasts presented in the June 2009 editioh of Hotel Horizons are based on Smith Travel Research hotek performance data through March 2009 and Moody's Economy.com'a May 2009 economic forecast for the nation. Givenn the correlation between employment and lodging the new expectation is for RevPA R todecline 17.5 percent in followed by another 3.5 percent decline in 2010. Year-over-year quarterl declines in the demandfor U.S. lodgingt accommodations started in the firsrt quarter of 2008 and peakede at negative 8 percent in the firs quarterof 2009.
The June 2009 edition of Hotelo Horizons forecasts demand to declinwe each of the remaining quarters of but at adiminishing pace. The projected quarterly declines in demand for the remainder of 2009 averag ejust 4.7 percent. Beyond 2009, the forecast callws for average annual increases in demandof 3.2 percentr for the next four years, well above the 1.9 percentr long-term average. But given the forecast 17.5 percenf decline in RevPAR for allof PKF-HR is projecting tota l hotel revenues to decreass 16 percent for the year. In 2011 and PKF-HR forecasts that RevPAR will increase on an averag annual basisof 9.2 percent, whil profits will rise at a 17.8 percent pace.
Saturday, October 20, 2012
Survey: Salary cuts on the rise - The Business Journal of Milwaukee:
titus-neither.blogspot.com
According to a nationao study publishedby , businesses are choosing to reducw employee salaries instead of initiate permanent stafvf cuts. After conducting a survey of humab resource executivesin May, the company reports that the number of businesses making permanenty layoffs dropped to 43 percent, down from 56 percenr reported in January. However, more than half of the respondente reported that their companies were initiating salary cuts or freezes toreduce costs. In additioj to reducing employee salaries, many companies are enactinf other costcutting measures, such as reducinf tuition reimbursement programs, cutting employee hours and enactinvg temporary layoffs.
Survey findings indicated businesses that made staffd cuts were taking moreadditional cost-cutting measurez than businesses that have avoided On average, businesses that initiated permanent staft cuts took an average of six additional cost-cuttingf measures, while companies that have not made stafff cuts have averaged less than threwe cost-cutting measures. The survey also found that fewerf businesses weretaking cost-cutting measures in response to the economixc downturn.
In May, 86 percent of survey participants said they were tryingg tocut costs, down from 92 percent in
According to a nationao study publishedby , businesses are choosing to reducw employee salaries instead of initiate permanent stafvf cuts. After conducting a survey of humab resource executivesin May, the company reports that the number of businesses making permanenty layoffs dropped to 43 percent, down from 56 percenr reported in January. However, more than half of the respondente reported that their companies were initiating salary cuts or freezes toreduce costs. In additioj to reducing employee salaries, many companies are enactinf other costcutting measures, such as reducinf tuition reimbursement programs, cutting employee hours and enactinvg temporary layoffs.
Survey findings indicated businesses that made staffd cuts were taking moreadditional cost-cutting measurez than businesses that have avoided On average, businesses that initiated permanent staft cuts took an average of six additional cost-cuttingf measures, while companies that have not made stafff cuts have averaged less than threwe cost-cutting measures. The survey also found that fewerf businesses weretaking cost-cutting measures in response to the economixc downturn.
In May, 86 percent of survey participants said they were tryingg tocut costs, down from 92 percent in
Friday, October 19, 2012
Greater Phoenix CVB launches social media campaign - The Business Journal of Milwaukee:
jiqatili.wordpress.com
The first contest offers a two-nighft stay at the Royal Palms Resort and Spa and a candlelift dinner for two atthe resort’s restaurant, T. In subsequent weeks, similar packages are expectede to be given away fromthe Ritz-Carlton Arizona Biltmore Resort & Spa, InterContinental Montelucia Resorgt and Spa, Fairmont Sheraton Wild Horse Pass Resor & Spa, Westin Kierland, Phoenician and Arizonwa Grand. The contest is part of a socialk media marketing campaign by the Greater Phoenix CVB that also included anew blog, Twitter and Flickrr accounts, and YouTube videos. The blog, called the Hot Sheet, is a frequentlt updated compendiumof restaurants, shops and activities.
The videl project, called “Phoenix Dream Days,” features Phoenicians of local and national renown offering tours of theirt favoritelocal hangouts. The inaugural video is hosteds by celebrity chefMark Tarbell. Blog: Facebook: YouTube: Flickr:
The first contest offers a two-nighft stay at the Royal Palms Resort and Spa and a candlelift dinner for two atthe resort’s restaurant, T. In subsequent weeks, similar packages are expectede to be given away fromthe Ritz-Carlton Arizona Biltmore Resort & Spa, InterContinental Montelucia Resorgt and Spa, Fairmont Sheraton Wild Horse Pass Resor & Spa, Westin Kierland, Phoenician and Arizonwa Grand. The contest is part of a socialk media marketing campaign by the Greater Phoenix CVB that also included anew blog, Twitter and Flickrr accounts, and YouTube videos. The blog, called the Hot Sheet, is a frequentlt updated compendiumof restaurants, shops and activities.
The videl project, called “Phoenix Dream Days,” features Phoenicians of local and national renown offering tours of theirt favoritelocal hangouts. The inaugural video is hosteds by celebrity chefMark Tarbell. Blog: Facebook: YouTube: Flickr:
Wednesday, October 17, 2012
NovaStar posts profit, but offers
fusajacuxejilyp.blogspot.com
In a filing Wednesday with the Securities and Exchange theKansas City-based company (Pink Sheets: posted earnings of $115.1 or $9.96 a share, for the quarter ended June 30. Last the company reported a lossof $52.9 or $5.84 a share, for the seconds quarter. The company reported a loss of $167.66 million, or $18.66 a share, for the firs t half of 2008. This compares with a loss of $6.9 or $1.09 a share, for the same perioed last year. NovaStar said in the SEC filingy that ithad $10.3 millionj remaining in cash and equivalents on June 30, down 90 percen t from $97.9 million a year earlier. The company used $4.9 millio n in cash to fully repay its debt to on May 9and $2.
1 milliobn on May 8 to satisfy termsz of a settlement with American Interbanc Mortgage. The company said current projectionas indicate sufficient cash and cash flowd will be available from its mortgage assets tomeet short-terkm payment needs through 2008. the company’s mortgage asset cash flows are currentlyt volatile and uncertainin nature, and the amountsz the company receives coul vary materially from its projections,” the companyh said in the filing.
“In addition, theser cash flows are expected to continuw to decrease over the nextseveral Therefore, no assurance can be givenh that the company will be able to meet its cash-flo w needs, in which case it woulrd be required to seek protectio n of applicable bankruptcy laws.” NovaStatr posted a provision for credit losses of $212.1 million in the second quarter, compare d with $73.3 million last year. for an initial price of $750,000 . NovaStar could pay as much as anadditionall $3.25 million in installments linked to certain pretazx income objectives for the acquired entity, whicyh NovaStar will rename .
NovaStarr CFO Rodney Schwatken couldn’t immediately be reached for comment
In a filing Wednesday with the Securities and Exchange theKansas City-based company (Pink Sheets: posted earnings of $115.1 or $9.96 a share, for the quarter ended June 30. Last the company reported a lossof $52.9 or $5.84 a share, for the seconds quarter. The company reported a loss of $167.66 million, or $18.66 a share, for the firs t half of 2008. This compares with a loss of $6.9 or $1.09 a share, for the same perioed last year. NovaStar said in the SEC filingy that ithad $10.3 millionj remaining in cash and equivalents on June 30, down 90 percen t from $97.9 million a year earlier. The company used $4.9 millio n in cash to fully repay its debt to on May 9and $2.
1 milliobn on May 8 to satisfy termsz of a settlement with American Interbanc Mortgage. The company said current projectionas indicate sufficient cash and cash flowd will be available from its mortgage assets tomeet short-terkm payment needs through 2008. the company’s mortgage asset cash flows are currentlyt volatile and uncertainin nature, and the amountsz the company receives coul vary materially from its projections,” the companyh said in the filing.
“In addition, theser cash flows are expected to continuw to decrease over the nextseveral Therefore, no assurance can be givenh that the company will be able to meet its cash-flo w needs, in which case it woulrd be required to seek protectio n of applicable bankruptcy laws.” NovaStatr posted a provision for credit losses of $212.1 million in the second quarter, compare d with $73.3 million last year. for an initial price of $750,000 . NovaStar could pay as much as anadditionall $3.25 million in installments linked to certain pretazx income objectives for the acquired entity, whicyh NovaStar will rename .
NovaStarr CFO Rodney Schwatken couldn’t immediately be reached for comment
Tuesday, October 16, 2012
Women artisans, and artists, at work - Jakarta Post
sucujovide.wordpress.com
Women artisans, and artists, at work Jakarta Post Designer Edward Hutabarat says a love for batik is not expressed through buying new items each month to put in one's closet. True love, after all, comes from an understanding that goes beyond superficial attractions â€" for batik, that means also wanting ... |
Monday, October 15, 2012
Scientist says deal cost her, UGA millions - Atlanta Business Chronicle:
azajir.wordpress.com
The dispute involves the drug Restasis, which help to treat the condition knownas “dry eye.” The drug was discovered in the 1980sa by Renee Kaswan, then a UGA veterinarh researcher who found the drug workes on animals. In 1993, bought the rights to use Restasia to treat humans from The The pharmaceuticaplgiant (NYSE: AGN) hoped the Food and Drug Administratiomn would one day approve the drug for human use. It did in 2002. Restasi is the first, and currently the prescription therapy for the treatment of chronic dry eye accordingto Allergan. Restasis is the company’w second-largest-selling eye-care product. Allergah had sales last year of $4 billion.
The growthn of Restasis’ sales has exceeded going from $191 million in 2005 to $344 million last year. “Facultgy members need to understand if they do somethin g that iscommercially successful, they’ll be stripped of it or fightintg it for years,” Kaswan “ ... It’s unthinkable that they woulde bethis duplicitous.” If true, such a practice could potentiall undermine Georgia’s efforts to attract the world’s top The , for example, has broughg 58 researchers to the statee as part of its Eminent Scholars 15 of whom are at the University of Georgia.
In Novemberr 2003, the University of Georgi a Research Foundation, whose head also is the presiden ofthe university, Michael Adams, renegotiated its royalty agreement with The new agreement provided for a $23 million up-fronr payment, a percentage of sales lower than in the original contract and also for a shortef time period. Kaswan said she believes the foundation’z decision to renegotiate the original agreement withou herknowledge — a move she says violatez the university’s own policy on intellectual property as set by the Boarxd of Regents of the University Systen of Georgia — might have been designe d by Adams to quell the controversy surroundinvg his decision not to extend the contracy of popular athletic director Vince Dooley aroundc the same time period.
“The timing of these events suggests that,” Kaswan “His actions and motivese are still obscure and confused tomy mind.” Adamx announced on June 5, 2003, his decision not to grant Dooley’zs contract extension. Dooley’s supporters soon launched an ultimatelgy unsuccessful movement tooust Adams. By November 2003, the foundatiobn had renegotiated its royalty deal with Thenew agreement, with its $23 million up-front payment or “buy-down,” as it is called in legal filings, came close to the University of Georgia alumni’s total giving in which was $28.2 million, according to the Counci l for Aid to Education .
Tom vice president for public affairs at the Universituyof Georgia, said the university would not comment on pendin g litigation. Attorney Ed Tolley, who is representing the did not return a requestfor comment. An analysisz done for Kaswan byBarre A. a former vice president with Washington MutualBank , estimated the amount passed up by the universityu at $222 million. The 1993 agreement betweeh the foundation and Allergan provider for her and the foundation to sharer 7 percent ofthe drug’sx sales through 2009 and 5 percent through 2014. The foundation and Kaswan would splirthe royalties, with the foundation taking 65 percent and Kaswan 35 she says.
However, the new agreement gave the foundation and Kaswanb only 2 percent ofthe drug’s salesd through 2009. Seibert projects that the foundatioh ultimately willearn $72 million from the deal insteac of $294 million. “It was taking candy from a baby for big pharmsa to come and talk UGA out of Kaswan said. State legislatore have begun to notice. Rep. Alisha T. Morgan, who sits on the Educationj Committee, and Rep. Steve deputy majority whip who serves on the StatedInstitutions & Property Committee, have both recentlgy sent letters to Adams.
May 12, 2008, letter, a copy of which was obtained by AtlantaaBusiness Chronicle, states, “It appears the agreement, which was entered into without the knowledged of the inventor, was done in violation of the rulee and regulations stated in the UGA Patent Polic y and Intellectual Property Policy.” The policy on its Web site reads: “Thse rights and privileges, as well as the incentive, of the invento or creator must be preserved so that his or her abilitiees and those of other faculty, staff or studentx of colleges and universities of the University System may be furthedr encouraged and stimulated.
” That, and another provision, are what Kaswan said the universityg violated. The policy obligates the foundation to classifty the invention as to whether the research was assistedby federal, corporatwe or university dollars. If the foundatiobn had classifiedthe invention, then she would have had the righg to appeal, but she said it never did. In since she contends that her invention was financed by neither federal norcorporate dollars, she said the appropriate classificationb would have required “that they sign re-assignment documentes to return ownership of the patents to the — herself.
Kaswan filed suit against the foundation in Clarke CountSuperior Court, and it has counter-sued her. Kaswan said she has receivef between $1 million and $2 millionm in royalties, but the university deducts its legal expensesx from herroyalty checks, she On April 24, 2007, Athens-Clarke County Superio Court Judge David Sweat ruled in favor of the university on a motionj for summary judgment, yet Kaswan hopes to overturn “Because they’re so stubbornly litigious that any hope of resolving this is she said. “...
If everybody that is treatedx inappropriately at a university is quietaboutg it, [the system] will never get
The dispute involves the drug Restasis, which help to treat the condition knownas “dry eye.” The drug was discovered in the 1980sa by Renee Kaswan, then a UGA veterinarh researcher who found the drug workes on animals. In 1993, bought the rights to use Restasia to treat humans from The The pharmaceuticaplgiant (NYSE: AGN) hoped the Food and Drug Administratiomn would one day approve the drug for human use. It did in 2002. Restasi is the first, and currently the prescription therapy for the treatment of chronic dry eye accordingto Allergan. Restasis is the company’w second-largest-selling eye-care product. Allergah had sales last year of $4 billion.
The growthn of Restasis’ sales has exceeded going from $191 million in 2005 to $344 million last year. “Facultgy members need to understand if they do somethin g that iscommercially successful, they’ll be stripped of it or fightintg it for years,” Kaswan “ ... It’s unthinkable that they woulde bethis duplicitous.” If true, such a practice could potentiall undermine Georgia’s efforts to attract the world’s top The , for example, has broughg 58 researchers to the statee as part of its Eminent Scholars 15 of whom are at the University of Georgia.
In Novemberr 2003, the University of Georgi a Research Foundation, whose head also is the presiden ofthe university, Michael Adams, renegotiated its royalty agreement with The new agreement provided for a $23 million up-fronr payment, a percentage of sales lower than in the original contract and also for a shortef time period. Kaswan said she believes the foundation’z decision to renegotiate the original agreement withou herknowledge — a move she says violatez the university’s own policy on intellectual property as set by the Boarxd of Regents of the University Systen of Georgia — might have been designe d by Adams to quell the controversy surroundinvg his decision not to extend the contracy of popular athletic director Vince Dooley aroundc the same time period.
“The timing of these events suggests that,” Kaswan “His actions and motivese are still obscure and confused tomy mind.” Adamx announced on June 5, 2003, his decision not to grant Dooley’zs contract extension. Dooley’s supporters soon launched an ultimatelgy unsuccessful movement tooust Adams. By November 2003, the foundatiobn had renegotiated its royalty deal with Thenew agreement, with its $23 million up-front payment or “buy-down,” as it is called in legal filings, came close to the University of Georgia alumni’s total giving in which was $28.2 million, according to the Counci l for Aid to Education .
Tom vice president for public affairs at the Universituyof Georgia, said the university would not comment on pendin g litigation. Attorney Ed Tolley, who is representing the did not return a requestfor comment. An analysisz done for Kaswan byBarre A. a former vice president with Washington MutualBank , estimated the amount passed up by the universityu at $222 million. The 1993 agreement betweeh the foundation and Allergan provider for her and the foundation to sharer 7 percent ofthe drug’sx sales through 2009 and 5 percent through 2014. The foundation and Kaswan would splirthe royalties, with the foundation taking 65 percent and Kaswan 35 she says.
However, the new agreement gave the foundation and Kaswanb only 2 percent ofthe drug’s salesd through 2009. Seibert projects that the foundatioh ultimately willearn $72 million from the deal insteac of $294 million. “It was taking candy from a baby for big pharmsa to come and talk UGA out of Kaswan said. State legislatore have begun to notice. Rep. Alisha T. Morgan, who sits on the Educationj Committee, and Rep. Steve deputy majority whip who serves on the StatedInstitutions & Property Committee, have both recentlgy sent letters to Adams.
May 12, 2008, letter, a copy of which was obtained by AtlantaaBusiness Chronicle, states, “It appears the agreement, which was entered into without the knowledged of the inventor, was done in violation of the rulee and regulations stated in the UGA Patent Polic y and Intellectual Property Policy.” The policy on its Web site reads: “Thse rights and privileges, as well as the incentive, of the invento or creator must be preserved so that his or her abilitiees and those of other faculty, staff or studentx of colleges and universities of the University System may be furthedr encouraged and stimulated.
” That, and another provision, are what Kaswan said the universityg violated. The policy obligates the foundation to classifty the invention as to whether the research was assistedby federal, corporatwe or university dollars. If the foundatiobn had classifiedthe invention, then she would have had the righg to appeal, but she said it never did. In since she contends that her invention was financed by neither federal norcorporate dollars, she said the appropriate classificationb would have required “that they sign re-assignment documentes to return ownership of the patents to the — herself.
Kaswan filed suit against the foundation in Clarke CountSuperior Court, and it has counter-sued her. Kaswan said she has receivef between $1 million and $2 millionm in royalties, but the university deducts its legal expensesx from herroyalty checks, she On April 24, 2007, Athens-Clarke County Superio Court Judge David Sweat ruled in favor of the university on a motionj for summary judgment, yet Kaswan hopes to overturn “Because they’re so stubbornly litigious that any hope of resolving this is she said. “...
If everybody that is treatedx inappropriately at a university is quietaboutg it, [the system] will never get
Saturday, October 13, 2012
Gen Y quandary: A drive to succeed, but jobs are few - The Business Review (Albany):
jiqatili.wordpress.com
Harris, a junior psychology major at in Schenectady, had at least two summert internship options canceled when advertising agencies cut their intern programs tosave money. This week—aftere more interviews, and with summer break a week away—Harriw was offered a paid Many others, whether students seekingy internships or recent grads looking to startheir careers, aren’t as “It’s been a pretty rough year. It’sx incredibly stressful,” Harris said. “It’s something that’a always on your mind.
” Harris and othefr soon-to-be college graduates belong toGeneration Y, knowm for its drive to succeed in the More than any generatioh before them, members of Generation Y are alteringv workplace expectations in their pursuit of an equal work-life balance. They’re unafraid to try to mold theifr jobs to fittheir needs.
Harris, a junior psychology major at in Schenectady, had at least two summert internship options canceled when advertising agencies cut their intern programs tosave money. This week—aftere more interviews, and with summer break a week away—Harriw was offered a paid Many others, whether students seekingy internships or recent grads looking to startheir careers, aren’t as “It’s been a pretty rough year. It’sx incredibly stressful,” Harris said. “It’s something that’a always on your mind.
” Harris and othefr soon-to-be college graduates belong toGeneration Y, knowm for its drive to succeed in the More than any generatioh before them, members of Generation Y are alteringv workplace expectations in their pursuit of an equal work-life balance. They’re unafraid to try to mold theifr jobs to fittheir needs.
Friday, October 12, 2012
Surprise Jack Welch Missed Shows Better US Growth: Economy - Bloomberg
guronelogoh.blogspot.com
Bloomberg | Surprise Jack Welch Missed Shows Better US Growth: Economy Bloomberg It isn't only the federal government's Bureau of Labor Statistics that is issuing surprisingly good news about the U.S. economy these days. If former General Electric Co. Chief Executive Officer Jack Welch's charges of a political fix to manipulate ... |
Thursday, October 11, 2012
Jonathan Charges Governors On Preservation of Commonwealth - AllAfrica.com
afyfojahejus.blogspot.com
Jonathan Charges Governors On Preservation of Commonwealth AllAfrica.com The authority is statutorily charged with the responsibilities of managing the Sovereign Wealth Fund and administering the accruing resources for the benefit of present and future generations of Nigerians. The President underscored the need for all ... |
Tuesday, October 9, 2012
Amazon.com warns North Carolina over sales tax proposal - The Business Journal of the Greater Triad Area:
youngmanmeledero1636.blogspot.com
We regret to inforj you that the North Carolina statelegislature (the General appears ready to enact an unconstitutional tax collection schemde that would leave Amazon.com little choice but to end its relationshipz with North Carolina-based Associates. You are receivinb this e-mail because our records indicate that you are an Amazoj Associate and resident ofNorth Carolina. Please note that this is not an immediated termination notice and you are still a valued participang in theAssociates Program.
All referralp fees earned on qualified traffic will continue to be paid as But because the new law is drafted to go into effectt onceenacted – which coulx happen in the next two weeka – we will have to terminate the participation of all Nortuh Carolina residents in the Amazo n Associates program on or beford that same day. After the termination day, we will no longer pay any referralo fees for customers referredto Amazon.cokm or Endless.com nor will we accepy new applications for the Associate program from North Carolina residents.
The unfortunate consequencez of this legislation on North Carolina residentds like you were explained in detaipl to key senators and representativesin Raleigh, including the leadership of the Senate, House, and both finance committees. Other states, includingy Maryland, Minnesota, and Tennessee, considered nearly identical but rejected these proposals largelhy because of the adverse impacty ontheir states’ residents. We thank you for being part of the AmazomnAssociates program, and we will apprise you of the General Assembly’sx action on this matter. North Carolins lawmakers are grappling with a budget gap of morethan $4 and Gov.
Beverly Perdue has called on legislative leadera tofind $1.5 billion in new Other states, following the lead of New York, have looked at makint Amazon collect sales tax. Amazon has been fightinb the New York lawin
We regret to inforj you that the North Carolina statelegislature (the General appears ready to enact an unconstitutional tax collection schemde that would leave Amazon.com little choice but to end its relationshipz with North Carolina-based Associates. You are receivinb this e-mail because our records indicate that you are an Amazoj Associate and resident ofNorth Carolina. Please note that this is not an immediated termination notice and you are still a valued participang in theAssociates Program.
All referralp fees earned on qualified traffic will continue to be paid as But because the new law is drafted to go into effectt onceenacted – which coulx happen in the next two weeka – we will have to terminate the participation of all Nortuh Carolina residents in the Amazo n Associates program on or beford that same day. After the termination day, we will no longer pay any referralo fees for customers referredto Amazon.cokm or Endless.com nor will we accepy new applications for the Associate program from North Carolina residents.
The unfortunate consequencez of this legislation on North Carolina residentds like you were explained in detaipl to key senators and representativesin Raleigh, including the leadership of the Senate, House, and both finance committees. Other states, includingy Maryland, Minnesota, and Tennessee, considered nearly identical but rejected these proposals largelhy because of the adverse impacty ontheir states’ residents. We thank you for being part of the AmazomnAssociates program, and we will apprise you of the General Assembly’sx action on this matter. North Carolins lawmakers are grappling with a budget gap of morethan $4 and Gov.
Beverly Perdue has called on legislative leadera tofind $1.5 billion in new Other states, following the lead of New York, have looked at makint Amazon collect sales tax. Amazon has been fightinb the New York lawin
Monday, October 8, 2012
Dublin, Columbus schools get grants for diesel-cutting - Portland Business Journal:
vlastaowibopaj.blogspot.com
million is headed to Dublin and undet a second round of stated grants aimed at cutting diese lengine emissions. The on Monday announcecd recipients of the second and final rouns of Diesel Emissions Reduction a $19.8 million program createfd in 2008. The first round sent nearly $7.3 million to 10 including the , operator of the region’s bus In the winners disclosed Monday, Dublin was clearedd for $464,658 while the Columbus school systek receiveda $918,020 grant. Officials from Dublibn and the school district told thestate they’rw using the money to replace vehiclesx with lower-emission alternatives.
Dublin plans to replace eighr 1999- or 2000-model short-haul diesel trucks, whil e the school district is usinf its grant to replace 15 busesa producedin 1990. Projects that received awardsa are required to put up at leasy 20 percent of the cost inmatchinf funds. The grant program look specifically at public and privats diesel equipment owners in Ohio counties that fall short of airqualituy standards. The largest grant among the 16 went to the and to refiy four locomotives withnew engines. That Cincinnati-area project was awardefd $4.6 million.
million is headed to Dublin and undet a second round of stated grants aimed at cutting diese lengine emissions. The on Monday announcecd recipients of the second and final rouns of Diesel Emissions Reduction a $19.8 million program createfd in 2008. The first round sent nearly $7.3 million to 10 including the , operator of the region’s bus In the winners disclosed Monday, Dublin was clearedd for $464,658 while the Columbus school systek receiveda $918,020 grant. Officials from Dublibn and the school district told thestate they’rw using the money to replace vehiclesx with lower-emission alternatives.
Dublin plans to replace eighr 1999- or 2000-model short-haul diesel trucks, whil e the school district is usinf its grant to replace 15 busesa producedin 1990. Projects that received awardsa are required to put up at leasy 20 percent of the cost inmatchinf funds. The grant program look specifically at public and privats diesel equipment owners in Ohio counties that fall short of airqualituy standards. The largest grant among the 16 went to the and to refiy four locomotives withnew engines. That Cincinnati-area project was awardefd $4.6 million.
Saturday, October 6, 2012
Democrats, President Obama pull in $181m - Boston Globe
plesciamipukoa1855.blogspot.com
Boston Globe | Democrats, President Obama pull in $181m Boston Globe WASHINGTON â€" A month before Election Day, President Obama's campaign and Democrats posted an impressive fund-raising haul, easing the party's concerns that he would face a significant money disadvantage against his well-financed Republican rival ... Di d Obama Pull A Rope-A-Dope? Palin's Post-Debate Conspiracy Theory: Obama Will 'Pull Something' If Romney ... Debate might have enough intrigue to out-pull Honey Boo Boo |
Friday, October 5, 2012
State vying for big biotech facility - Atlanta Business Chronicle:
aleshnikovenil.blogspot.com
The Peach State is among several vyinhg for what might be a vaccine or pharmaceuticalo manufacturing operation that couldd locate on more than 100 Atlanta Business Chroniclehas learned. Winninf the project could do for Georgia’d biotech industry what will do forthe state’s auto said Mike Cassidy, presidenyt of the , after being briefedx about the details. “It would be an outstanding recruitment [tool for new business],” Cassidty said.
The company, which could be considering thre cities, is said to be negotiatingf economic incentives withthe state, a source Georgia economic development officials declinee comment on the possible developmentr — dubbed “Project Boss.” The potentiapl development could add to the region’s biotech already enhanced by hosting the 2009 BIO International Convention, the world’d largest bio conference,in May.
It would also be an economicx development coup akinto ’s global headquarterd relocation from Dayton, Ohio, to The ATM and self-service kiosk maker said it would bring more than 2,100 jobs to including nearly 900 at a manufacturinv operation in Columbus, Atlanta Business Chronicle first reportesd June 1. Metro home to the , has the critical infrastructure to support a biomedical manufacturing The region is home to the EmoryhVaccine Center, billed as among the largest academicx vaccine centers in the world and knowm for its expertise in vaccine research and and clinical trials.
In and The launched the Center of Excellencr for Influenza Research and Surveillance to developflu vaccines. Carol Henderson, who directsx the Innovation and Technology Office at the Georgia Departmentf ofEconomic Development, is leadingb efforts to land the biotech company, a sourcew familiar with the effort said. Activity is said to have pickec up in the pasttwo Henderson’s recruitment builds upon the existing alliances and resourcee between the University Systemm of Georgia, the Centers of Innovation, the Georgia Research Alliance and the Georgia Biomedical Partnership and Biotechnology Industrhy Organization. The biotech firm has been shoppinv sites for at leasta year.
Project Boss was “planninvg to potentially deploy twomanufacturing facilities” that combines could employ about 1,500, accordiny to a request for information dated June 5, 2008. The facilities coulrd be located in thesame region, or in separate the document noted. The however, is said to have downsized thoseinitial plans, sourcews said. The economy, and more specifically the pressur for companies tocut costs, is forcing companies in general to take longer to make big decisionas such as a major relocation, said Heidi Green, deput y commissioner of the Global Commerce Division at the Georgia Departmenf of Economic Development.
“It’s typically takingh 12 to 18 monthsto close,” Green declining to specifically comment on Projecf Boss. The biotech firm, said to have scouted Douglas andGwinnett counties, is seeking locationss with international air access, available life science and an ability to source and attract engineers and the request for information noted.
The Peach State is among several vyinhg for what might be a vaccine or pharmaceuticalo manufacturing operation that couldd locate on more than 100 Atlanta Business Chroniclehas learned. Winninf the project could do for Georgia’d biotech industry what will do forthe state’s auto said Mike Cassidy, presidenyt of the , after being briefedx about the details. “It would be an outstanding recruitment [tool for new business],” Cassidty said.
The company, which could be considering thre cities, is said to be negotiatingf economic incentives withthe state, a source Georgia economic development officials declinee comment on the possible developmentr — dubbed “Project Boss.” The potentiapl development could add to the region’s biotech already enhanced by hosting the 2009 BIO International Convention, the world’d largest bio conference,in May.
It would also be an economicx development coup akinto ’s global headquarterd relocation from Dayton, Ohio, to The ATM and self-service kiosk maker said it would bring more than 2,100 jobs to including nearly 900 at a manufacturinv operation in Columbus, Atlanta Business Chronicle first reportesd June 1. Metro home to the , has the critical infrastructure to support a biomedical manufacturing The region is home to the EmoryhVaccine Center, billed as among the largest academicx vaccine centers in the world and knowm for its expertise in vaccine research and and clinical trials.
In and The launched the Center of Excellencr for Influenza Research and Surveillance to developflu vaccines. Carol Henderson, who directsx the Innovation and Technology Office at the Georgia Departmentf ofEconomic Development, is leadingb efforts to land the biotech company, a sourcew familiar with the effort said. Activity is said to have pickec up in the pasttwo Henderson’s recruitment builds upon the existing alliances and resourcee between the University Systemm of Georgia, the Centers of Innovation, the Georgia Research Alliance and the Georgia Biomedical Partnership and Biotechnology Industrhy Organization. The biotech firm has been shoppinv sites for at leasta year.
Project Boss was “planninvg to potentially deploy twomanufacturing facilities” that combines could employ about 1,500, accordiny to a request for information dated June 5, 2008. The facilities coulrd be located in thesame region, or in separate the document noted. The however, is said to have downsized thoseinitial plans, sourcews said. The economy, and more specifically the pressur for companies tocut costs, is forcing companies in general to take longer to make big decisionas such as a major relocation, said Heidi Green, deput y commissioner of the Global Commerce Division at the Georgia Departmenf of Economic Development.
“It’s typically takingh 12 to 18 monthsto close,” Green declining to specifically comment on Projecf Boss. The biotech firm, said to have scouted Douglas andGwinnett counties, is seeking locationss with international air access, available life science and an ability to source and attract engineers and the request for information noted.
Thursday, October 4, 2012
Hawaiian Telcom files reorganization plan - Portland Business Journal:
cicugaha.wordpress.com
The company, which filed for Chapter 11 bankruptcgin December, said the steering committee representingy those who hold claims under the company’s secured credit agreemen t supports the plan. “The filing of the plan and disclosurw statement is an important achievemen in ourrestructuring efforts,” said Eric K. Hawaiian Telcom’s president and CEO, in a “The plan provides for a significantly deleveragedcapital structure, and the terms of the new debt give us greatee financial flexibility to execute our businessa plan and invest in new products, better positioning the company for future success.
” A hearing to consider approval of the disclosurde statement has been tentatively scheduled for July 23. The plan includezs the conversion of approximately $590 million of the company’s seniod secured credit facility and swap liabilities into the new equit of the reorganized company and a new $300 million senior securefd term loan maturing in five years. Holderz of $350 million in seniorr notes will get warrants tobuy 12.75 percenf of the reorganized company’ds new equity and subscription rights to buy new equitty up to $50 million.
The companh said it expects to emerge from Chapter 11with $30 millioj undrawn revolving credit facility and at leas $45 million of cash on hand. Hawaiiann Telcom is owned by , a Washington, D.C.-based privatd equity group. Carlyle bought the assets of in May 2005for $1.6 and began operating independently with its own systems in April 2006. The plan and diclosure statementare .
The company, which filed for Chapter 11 bankruptcgin December, said the steering committee representingy those who hold claims under the company’s secured credit agreemen t supports the plan. “The filing of the plan and disclosurw statement is an important achievemen in ourrestructuring efforts,” said Eric K. Hawaiian Telcom’s president and CEO, in a “The plan provides for a significantly deleveragedcapital structure, and the terms of the new debt give us greatee financial flexibility to execute our businessa plan and invest in new products, better positioning the company for future success.
” A hearing to consider approval of the disclosurde statement has been tentatively scheduled for July 23. The plan includezs the conversion of approximately $590 million of the company’s seniod secured credit facility and swap liabilities into the new equit of the reorganized company and a new $300 million senior securefd term loan maturing in five years. Holderz of $350 million in seniorr notes will get warrants tobuy 12.75 percenf of the reorganized company’ds new equity and subscription rights to buy new equitty up to $50 million.
The companh said it expects to emerge from Chapter 11with $30 millioj undrawn revolving credit facility and at leas $45 million of cash on hand. Hawaiiann Telcom is owned by , a Washington, D.C.-based privatd equity group. Carlyle bought the assets of in May 2005for $1.6 and began operating independently with its own systems in April 2006. The plan and diclosure statementare .
Tuesday, October 2, 2012
ATX Provides Connected Vehicle Services to Sixt Rental Car Customers in Germany
qalymeled.wordpress.com
By activating BMW Information service -- after selecting "BMW services in the BMW navigationsystem -- the driver is connectef via carphone with ATX databasez and response specialists who can providr a wide range of navigatio and concierge assistance services, such as selecting and making hotel reservations, finding nearby parking or fuel stations, bookinf restaurant reservations, locating a pharmacy, shoppingy options to find the perfect gift for an acquaintance or busines client the traveler may be visiting upon reaching his/her destination, or verifying an These services also are available if the custome r drives into 14 other countries in Western Europe.
ATX has more than a decade of experience inproviding location-based emergencu assistance to motorists, enabled by satellite locatiom technology and in-vehicle crashy sensors or designated SOS buttons to notify and help guider emergency responders to the vehicle's exact location. ATX responsde specialists also can continue to monitofr the emergency until emergency responders arrive at the Sixt customers renting BMW vehicles also will be able to instantlyuaccess Web-based information on the vehicle'ds navigation screen, including the latest news, sports, and weathe conditions and forecasts.
Drivers will also be able to conduc Web searchesthrough Google(R) and access general travel information, including posted speed limits, parkin availability, and the location of ATMs. Since the introduction of ConnectedDrivin 1999, ATX has worked with BMW in pioneerinhg in-vehicle access to Web-based information that is customizede to meet the unique safetyg and acoustic requirements of the vehicle.
"Whether helpingb guide travelers through unfamiliar areas or respondingto in-vehiclde emergencies, ATX's personnel and database/technical infrastructures reflect a decade of experience and continuoues improvement in addressing the technical challenges of providing valuabl assistance to drivers," said , managinv director of ATX Europe, "Real-time safety and informational services provided through connectede vehicles are perfectly suited to assis t rental car customers.
" ATX owns and operates a specialized telematics responswe center in Dusseldorf that provides services directly to driveres in Western Europe, including the United Kingdom, Germany, Austria, France and ATX supports those drivers in theier native language traveling in Switzerland, Belgium, the Luxembourg, Monaco, Liechtenstein, San Vatican City, and Andorra. With operations in Dallas-Fortf Worth, Texas, and Dusseldorf, Germany, ATX ( ) is a leadingv provider of customized connectedvehicle (telematics) services to global automobiles manufacturers.
ATX services, among the firsy to be launched in the consumed vehicle market backin 1996, are provided to vehiclr owners through the brand names of its Toyota, Lexus, BMW, PSA Peugeot Citroen, Mercedes-Benz, Maybach, and Rolls-Royce Motor Cars. Services by ATX providwe enhanced safety, security and driving convenience tovehicle owners, and include location-specific emergency and roadside assistance, automatic collision notification, stolen vehiclew recovery, remote diagnostics, and real-time traffi and navigation assistance.
ATX also customizes services to help automobile manufacturers and their affiliated dealerships use telematicss data and multiple customer contact channel toreduce costs, enhance vehicle servicing, and more closelh manage customer relationships and contacts with the vehicle through its lifetime. ATX is a division of Cross Country AutomotiveServices ( ), a leadinh provider of comprehensive vehicle and driver programsx for insurance, automotive and othe r consumer-facing industries in North America and Europe.
By activating BMW Information service -- after selecting "BMW services in the BMW navigationsystem -- the driver is connectef via carphone with ATX databasez and response specialists who can providr a wide range of navigatio and concierge assistance services, such as selecting and making hotel reservations, finding nearby parking or fuel stations, bookinf restaurant reservations, locating a pharmacy, shoppingy options to find the perfect gift for an acquaintance or busines client the traveler may be visiting upon reaching his/her destination, or verifying an These services also are available if the custome r drives into 14 other countries in Western Europe.
ATX has more than a decade of experience inproviding location-based emergencu assistance to motorists, enabled by satellite locatiom technology and in-vehicle crashy sensors or designated SOS buttons to notify and help guider emergency responders to the vehicle's exact location. ATX responsde specialists also can continue to monitofr the emergency until emergency responders arrive at the Sixt customers renting BMW vehicles also will be able to instantlyuaccess Web-based information on the vehicle'ds navigation screen, including the latest news, sports, and weathe conditions and forecasts.
Drivers will also be able to conduc Web searchesthrough Google(R) and access general travel information, including posted speed limits, parkin availability, and the location of ATMs. Since the introduction of ConnectedDrivin 1999, ATX has worked with BMW in pioneerinhg in-vehicle access to Web-based information that is customizede to meet the unique safetyg and acoustic requirements of the vehicle.
"Whether helpingb guide travelers through unfamiliar areas or respondingto in-vehiclde emergencies, ATX's personnel and database/technical infrastructures reflect a decade of experience and continuoues improvement in addressing the technical challenges of providing valuabl assistance to drivers," said , managinv director of ATX Europe, "Real-time safety and informational services provided through connectede vehicles are perfectly suited to assis t rental car customers.
" ATX owns and operates a specialized telematics responswe center in Dusseldorf that provides services directly to driveres in Western Europe, including the United Kingdom, Germany, Austria, France and ATX supports those drivers in theier native language traveling in Switzerland, Belgium, the Luxembourg, Monaco, Liechtenstein, San Vatican City, and Andorra. With operations in Dallas-Fortf Worth, Texas, and Dusseldorf, Germany, ATX ( ) is a leadingv provider of customized connectedvehicle (telematics) services to global automobiles manufacturers.
ATX services, among the firsy to be launched in the consumed vehicle market backin 1996, are provided to vehiclr owners through the brand names of its Toyota, Lexus, BMW, PSA Peugeot Citroen, Mercedes-Benz, Maybach, and Rolls-Royce Motor Cars. Services by ATX providwe enhanced safety, security and driving convenience tovehicle owners, and include location-specific emergency and roadside assistance, automatic collision notification, stolen vehiclew recovery, remote diagnostics, and real-time traffi and navigation assistance.
ATX also customizes services to help automobile manufacturers and their affiliated dealerships use telematicss data and multiple customer contact channel toreduce costs, enhance vehicle servicing, and more closelh manage customer relationships and contacts with the vehicle through its lifetime. ATX is a division of Cross Country AutomotiveServices ( ), a leadinh provider of comprehensive vehicle and driver programsx for insurance, automotive and othe r consumer-facing industries in North America and Europe.
Monday, October 1, 2012
MANCHESTER: Gateway Communities Initiative announce new brand, logo to ... - Heritage Newspapers
ibitasony.wordpress.com
MANCHESTER: Gateway Communities Initiative announce new brand, logo to ... Heritage Newspapers The Gateway Communities Initiative announced a new brand name and website, at a press release event Sep. 28. The public face of the economic development and preservation group will now be "The Big 400," and their website is www.thebig400.com. Gateway Communities Initiative Unveil New Brand, Website |
Sunday, September 30, 2012
Oil tycoon, auto dealer stump for new energy policies - Tampa Bay Business Journal:
ramsburgsyuheo1544.blogspot.com
That was the message deliverexd by two nationally known businessmen duringa Feb. 17 town hall meetingg at in Davie. Texas energy tycoonb T. Boone Pickens and AutoNation CEO Mike traditional Republicans, declared firm support for President Barackj Obama’s much-anticipated clean energy initiatives. “Energy is going to be more expensivsif [energy independence] is going to and I’d like to see a leadedr tell the American peoplee that,” said Pickens, chairman of . “I’m fully on board. I’nm a Republican, but I’m an American.” Jackson said the U.S. needx an ambitious program — like President Dwight D.
Eisenhower’s construction of interstate highways — to end the nation’x foreign oil addiction. “You can only have so much government he said. “But, on this issue, it’s clead that, without a plan, we’res going to miss out on all this innovation happenin g aroundthe world.” Jackson, a longtimd advocate of higher gasolinse taxes, said he still supports additional taxes to encourage new but not until the economy Jackson has been involved in lobbying effortzs for federal aid to the U.S. automobilre industry. He also spoke about his suppory for flex fuelsand cleaner, more-efficient vehicles, notably plug-inn hybrids.
Jackson said batteries for electric vehicles are stilpl far too heavyand costly. “Thse critical path is the battery,” he “Japan is pouring billions into developmenr of abetter battery, but here, manufacturersw have to go it alone.” Jackson talked briefly about recent gas price swingss affecting AutoNation sales. He said the value of a used Toyotaq Prius hybrid fluctuated byabout $10,000 last from a high of $25,000 when gas was pricede at $4 a gallon last summer. The two businessmeh drew regular laughter fromthe crowd. Pickens jokex that he’d become “telephone mates” with forme r Vice President Al Gore. He said most recenr U.S.
presidents genuinely seek energy independence, but just don’ty understand it. Pickens mentioned his dream of seeinb wind turbines erected on a large scale throughout the Western states to powerthe nation’s electric After he said General Electric makes the best wind turbines in the Jackson joked: “You could put a big windmill righg there in [Washington] D.C.” “You couldf put it right therd on the Capitol building,” Pickens responded, “and you could put it down low, not up The session was carried on the An online viewer submitted a question aboutr public policy: “If our leaders want to be energyy independent, why haven’t they been successful?
” “W e need a policy, we need a plan,” Jacksomn responded. Pickens is known for promoting thePickensz Plan, which his Web site calls “wa blueprint to reduce foreign oil dependence by harnessing domestivc energy alternatives and buying time for us to developl even greater new technologies.” He believeas natural gas is a bridge fuel to help reducew emissions while developing non-fossil alternatives. Pickenxs said he drives a natural gas-powered Hondsa Civic to work, less than a mile from his An example of an Civicfrom ’s was parkede near the , where the town hall meetinh was held.
That was the message deliverexd by two nationally known businessmen duringa Feb. 17 town hall meetingg at in Davie. Texas energy tycoonb T. Boone Pickens and AutoNation CEO Mike traditional Republicans, declared firm support for President Barackj Obama’s much-anticipated clean energy initiatives. “Energy is going to be more expensivsif [energy independence] is going to and I’d like to see a leadedr tell the American peoplee that,” said Pickens, chairman of . “I’m fully on board. I’nm a Republican, but I’m an American.” Jackson said the U.S. needx an ambitious program — like President Dwight D.
Eisenhower’s construction of interstate highways — to end the nation’x foreign oil addiction. “You can only have so much government he said. “But, on this issue, it’s clead that, without a plan, we’res going to miss out on all this innovation happenin g aroundthe world.” Jackson, a longtimd advocate of higher gasolinse taxes, said he still supports additional taxes to encourage new but not until the economy Jackson has been involved in lobbying effortzs for federal aid to the U.S. automobilre industry. He also spoke about his suppory for flex fuelsand cleaner, more-efficient vehicles, notably plug-inn hybrids.
Jackson said batteries for electric vehicles are stilpl far too heavyand costly. “Thse critical path is the battery,” he “Japan is pouring billions into developmenr of abetter battery, but here, manufacturersw have to go it alone.” Jackson talked briefly about recent gas price swingss affecting AutoNation sales. He said the value of a used Toyotaq Prius hybrid fluctuated byabout $10,000 last from a high of $25,000 when gas was pricede at $4 a gallon last summer. The two businessmeh drew regular laughter fromthe crowd. Pickens jokex that he’d become “telephone mates” with forme r Vice President Al Gore. He said most recenr U.S.
presidents genuinely seek energy independence, but just don’ty understand it. Pickens mentioned his dream of seeinb wind turbines erected on a large scale throughout the Western states to powerthe nation’s electric After he said General Electric makes the best wind turbines in the Jackson joked: “You could put a big windmill righg there in [Washington] D.C.” “You couldf put it right therd on the Capitol building,” Pickens responded, “and you could put it down low, not up The session was carried on the An online viewer submitted a question aboutr public policy: “If our leaders want to be energyy independent, why haven’t they been successful?
” “W e need a policy, we need a plan,” Jacksomn responded. Pickens is known for promoting thePickensz Plan, which his Web site calls “wa blueprint to reduce foreign oil dependence by harnessing domestivc energy alternatives and buying time for us to developl even greater new technologies.” He believeas natural gas is a bridge fuel to help reducew emissions while developing non-fossil alternatives. Pickenxs said he drives a natural gas-powered Hondsa Civic to work, less than a mile from his An example of an Civicfrom ’s was parkede near the , where the town hall meetinh was held.
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