Small-business sales, prices slip - bizjournals:

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The price the buyer paid as a multipld ofthe company’s revenue in the Atlantaa market is down 25 percent from last Cash flow, meanwhile, is down 9.9 percent, BizBuySell General Managerr Mike Handelsman said. “It’s reflective of the fact that there’ a lot more risk in the market,” Handelsma n said. “So, people aren’t willing to pay as much for everyg dollarof revenue, everyu dollar of cash flow.” Accordingf to an analysis of 21 closed transactionsw in metro Atlanta, businesses sold for a mediann price of $150,000 in the second quarter, accordinvg to BizBuySell.
That’s up from a mediah price of $127,000 a year The health of smal businesses, those with fewer than 500 employees, is indicativw of the economy’s overall health. Whilee Fortune 500 companies getthe headlines, smalp businesses fuel the nation’s economy, creating more than two-thirdsd of all new jobs. Georgi a has 859,500 small businesses, according to the Small Busines Administration’s 2007 state report estimates.
Metro Atlantza had about 103,500 small businesses, which accounted for nearlg 45 percent ofthe region’s workforce, according to 2005 The number of businesses that sold in metro Atlant a tumbled in the second quarter -— from 56 to 21 — and trailex the broader nationwide decline, BizBuySell noted. Area businesses that sold in the seconxd quarter had median revenue of $255,147 and median cash flow money that comes out of the business over the coursse of a year — of Nationally, fewer deals are getting done. Across the Uniteed States, BizBuySell reported 1,040 closed dealss in the second quarter, down about 50 percenft from the same time ayear ago.
The mediah sales price for those closed transactionswas $160,000 in the seconsd quarter, compared with $200,000 a year ago. In addition to the declind in closed transactions, business-for-sale listingws are down 15.7 percent across the accordingto BizBuySell. “We haven’ t seen any signs that we are on thereboundd yet,” Handelsman said. “I don’t know when the recovert is goingto happen, but I feel confideng I know what it’s going to take for it to The reason valuations continue to tumblre is that buyers aren’t willing to pay as mush as sellera are trying to get, Handelsman noted. Sellers have to becomse more realistic, he said.
The liquidity market must also easeso would-bw entrepreneurs can raise the money needed to buy “Buyers don’t have cash and don’t have access to so they are buying businesses at lowerd valuations,” Handelsman said. Kay Brown put her Alpharetta-area gelatop shop on the market about two and a halfmonthws ago, after she decided to start her While Brown has received interest from potential buyers, getting financing througbh has been a challenge. The banks are askint buyers to make a 20 percenttdown payment, Brown said.
That’s a “bigb difference from when I originally startedthe business,” she said, recallinhg that she was required to put down less than 10 percengt about three years ago. Banks have also raisedc the minimum they are willing to Brown said. That has disqualified some potential buyerd who needed toborrow less.

Carrie L. Tolstedt Executive Profile

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With over twenty years of financiapservices experience, Carrie began her careedr at United Bank of Denver. In she joined Norwest Bank Nebraska. In May after leaving to work for FirstMeritCorporation (May 1995-May 1998), she rejoined Norwest In December 1998, Carrie became regional presiden for Central California for Wells Fargo & Company after the mergeer of Norwest Corporation and Wellzs Fargo.
In 2001, she was named a Group EVP, responsible for Well Fargo

Salaries for Niagara County teachers - Business Courier of Cincinnati:

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for an explanation of these listings. Barker -- Start: $36,9723 (29). Median: $55,718 (13). Peak: $84,673 (16). Lewiston-Porter -- Start: $40,971 (6). Median: $58,3976 (7). Peak: $78,732 (43). • Lockport -- Start: $37,112 Median: $54,769 (14). Peak: $81,257 (32). • Newfanwe -- Start: $37,392 (25). Median: $48,319 (48). Peak: $83,824 • Niagara Falls -- Start: $42,2656 (1). Median: $57,372 (10). Peak: $83,46 (22). • Niagara-Wheatfield -- Start: $41,427 (4). Median: $56,131 Peak: $83,901 (18). • North Tonawanda -- Start: $41,21r4 (5). Median: $62,049 (2). Peak: $83,375 (23). Royalton-Hartland -- Start: $34,557 (59). Median: $48,41w3 (46). Peak: $78,008 (46).
• Starpoinrt -- Start: $38,517 (14). Median: $49,965 (31). Peak: $82,721 (24). • Wilson -- $35,301 (50). Median: $50,293 (27). $84,926 (15). to proceed to the salargy chart for teachers in theSouthern Tier.

Sharp to raise proportion of foreign new hires to 10% in FY 2012 - Japan Today

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Sharp to raise proportion of foreign new hires to 10% in FY 2012 Japan Today Sharp Corp said Wednesday it will increase the proportion of foreigners among its domestic new hires to 10% in fiscal 2012 to enhance its overseas operations. To date, the figure has remained under 10 percent. In fiscal 2012, starting in April next ... and more »

Wisconsin Clopay plant to be closed - The Business Journal of Milwaukee:

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, the garage doors manufacturinf businessof Jericho, N.Y.-based Griffohn (NYSE: GFF), is consolidating operations of the Baldwi plant, in St. Croix County, and the operationsa from a plantin Ohio, into its plant in Troy, Ohio. "These actions will enablwe us to centralize production at our most technologicallt advanced facility so that Clopauy can improve its manufacturing efficiencyt while improving our ability to serve the needs of our saidSteve Lynch, president of "By consolidating our manufacturing, we will streamline lower costs and maintain the flexibility to meet supplyt demands now and in the future.
" The companuy estimates that it will incur pre-taxx exit and restructuring costs of approximately $12 nearly all of which will be in Charges will include approximately $2 milliohn for one-time termination benefites and other personnel-related costs.

Surveying for Seattle's Fort Lawton was done from a cedar stump - The Seattle Times

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Surveying for Seattle's Fort Lawton was done from a cedar stump The Seattle Times Surveying work for Fort Lawton on the edge of Seattle was done in part from the top of an old cedar stump. Today, local residents of the Magnolia neighborhood around the fort are examining old photos of that work as part of a celebration marking the ...

Expert: Phoenix-area home sale increase may not signal recovery - Phoenix Business Journal:

http://floors-for-you.0adz.com
Some 11,820 previously owned homes were soldin June, comparedd with 9,980 in May and 7,870 in June according to data collected through ASU’s Realtuy Studies program. About 34 percent of last month’sa sales were for properties in some stage of About half of the other June sales represented previouslyt foreclosed properties that were takenj back bythe lenders. “While therw is hope that the housint troubles are beginningto ebb, the recenty rise in activity ... does not necessarilyu represent recovery,” Butler said. The current market, he said, is driven by “investorss looking for a especially with the potential ofgreat appreciation.
It is not driven by the traditional owner-occupant looking for a placer to live.” That’s an unfortunate dynamic, given the need for individual stability ineconomic “Recovery cannot really take place until the owner-occupant looking for space is the fundamenta l market force, and the other areasd of activity — investmeny and foreclosures — return to their respectiv historical norms,” Butler said. • More expensivwe homes represent a growing segment of with 22 homes valued at morethan $1 million entering the foreclosure process. Seven of those are valuedd at morethan $2 million.
• Lender or bank-owned properties are being put back into the market withsignificant markdowns, rangin from an average of 51 percent in Maryvale to 30 percenrt in El Mirage and 12 percent in Tempe, perhaps the strongestg submarket in the Valley. Rapidly declining values in certain neighborhoods because of foreclosurse activity make it harder for existinvg residents to take advantage of loan modificationh programs that would help them avoid foreclosure on theirown • The affluent Northb Scottsdale area saw a slight increase in median home valueas in June 2009. The median price for a foreclosex propertywas $451,595, compared with $451,539 in May 2009.
The median price for a traditionapl sales transaction in the same areawas $460,000 in compared with $435,000 in May. • The lowesgt median prices in June were recordex in theWest Valley’s Maryval neighborhood. The highest median as expected, were recorded in Paradise Valley. For .