awipekyhila.blogspot.com
Dubois offered trustees a brief overview of the campaign for the school to start playing football in 2013. He wants the trustees to vote on next stepssin September, including whether to keep the current “It’s a board decision, but it’s my job to tee up the decision for them,” Dubois “And I think when you look at the circumstances you can come to the conclusion that perhaps a delay makes sense.” A lot depend s on how the current campaignb to sell seat licenses fares. To date, 1,6932 seat licenses have been sold, with $540,000 paid and $2.1 million pledgede in those commitments.
Guidelines establishef earlier this year called for the schoo tosell 5,500 seat licenses by the end of That goal was scrapped soon aftee as a sluggish response and the batteres economy convinced school officials it was unrealistic. Athletix Director Judy Rose acknowledged frustration with thesalews pace. She pointed toward an upcoming advertisinyg campaign and an aggressive volunteer salesx team being formed as causwfor optimism. On July 13, local executives Johnny Harris and Mac Everett will host a partyu at Quail Hollow Club aimee at spurring interest anddriving sales.
Even if the guidelinesw are met for the seat it seems likely the start date for football will be pushe back by a year or two as the school grapplesa with landing private donations to help builxpractice fields, revamp the track and field stadium for a temporaryh football stadium and meet other startup demands. Dubois and the trusteeas scaled back their ambitions for footballin February, shelvin earlier plans to come up with $45 million to launch the sport. Now they hope to do it on a shoestringf budgetof $19 million, but even that figurse will be hard to reach. The football scenarios were outline during a trustees meeting long on grimfinancialp news.
UNC Charlotte expectse to take a budget hit of 11 percenft to 15 percent in theyear ahead, all but assuring Dubois of having to cut At the same time, a tuition hike of $200 is expecterd for the fall semester. That increase could make it more difficultr to win approval forplanned student-fee hikews in the fall of 2010. Thosse fees, considered a crucial source forthe $10 millionn annual operating cost of having a football team, must be approveed by the college system’s board of governors. The chancellor pointed out that fundingv for football and the rest of campus operations come from unrelated poolsof money, but he also acknowledged the difficultiesa of battling a symbolic dichotomy.
“From the impression it makee on facultyand staff, it obviously makes it more he said. “If we were in a situatio where we have a significanft reduction of our work forceand we’re goingb forward on football, you’d have to question whether that made a lot of sensee from the symbolic standpoint. But, again, footbalpl is four years out. We’rs really just setting the table forthat
Friday, December 30, 2011
Tuesday, December 27, 2011
Garage Ventures adds personnel in ongoing hunt for big hit - Silicon Valley / San Jose Business Journal:
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"The market is comingg back, the entrepreneurs are cominyg back, the opportunities are growing," says managingf director Bill Reichert. "We'vew got a lot of momentum and we wantesd to bolsterthe team, as well as build out Palo Alto-based Garage started as an investment bank in raising nearly $400 million for companies. It was foundexd by three partners includingGuy Kawasaki, a former Appl executive and author of books on entrepreneurship. The firm earnedd name recognition byhosting well-attended eventss and conferences for entrepreneurs.
In 2002, following the Garage changed its business modek to direct investing as aventure firm, but it wasn'tf until 2006 that it was able to converg some legacy assets from the investment bank over to the venturwe fund. That freed up about $5 million more in capital to be Now Garage has addedJoyce Chung, a founding partnefr of Cardinal Venture as managing director, and Henry Wong, co founder of Diamond Technology as a venture partner, to capitalizs on what it sees as opportunitie in the early stage market. "It's really become a little bit of a gap in the says Chung.
"A lot of existing fundx are moving a little bit upstreakm to later stage orlarger rounds, whichj by definition aren't addressing the seed stage specifically. I felt like thers was an opportunity to really fill a void in the markef and work with entrepreneurs really early in the processe and focus onemergintg tech, which is pretty broad." The firm's first $20 millionj fund raised in 2002, Garage Californiwa Entrepreneurs Fund, is not fully vested. But so far it has dealt CalPERS, the state pension fund required to publisg itsinvesting data, a 9.3 percent internal rate of returnn on its $10 million investment.
That was beforee the firm's portfolio company, information-sharing site was sold to the Hearsr Corporation. "It was a nice not a home run, but it was validation of our Reichert says, declining to divulg the return on investment or sale Some reports indicated Hearst paid between $30 million and $40 Garage has taken some recent hits in the blogosphere and on for not beintg able to land any home run deals -- usualluy characterized by a return of 10 timese or more on investment. Kawasaki also was recently quoted as saying venture investing wasa "cralp shoot.
" But Reichert says the firm has a disciplined approach to investing in early stage companies with untestexd entrepreneurs in untested The point Kawasaki was trying to make was that Garagse isn't looking to invest in Web 2.0 companies, which it viewsa as a market that is way too crowded and could be a potential bubblde waiting to burst. "We decided we're not goingy to chase popular, faddish Web 2.0 Reichert says. "We don't want to fund the much less the130th video-mobile-social-ad-dating-matchingh site." Instead the firm has wide-ranging investments in some offbeatf companies like D.
lite Designs, which makes a lanternb that is more energy efficient and cheaper than kerosene for populationsx without access to consistent It has also invested in companiexs ranging from renewable fuels producers to a jobs databases and search engine to a servicwe that prepares visas and a Web site citizenshio applications. Whether that approach will pay off long term is but it was attractive to Chung who spent most of her investingb career dealingin software, at companies like and then at Garage's broad net-casting approach will allow her to dabble in other industries includinvg clean tech, she says.
With only $25 milliob to employ, Chung says she'll adjust her personal investment look at different types of deals and different typeeof entrepreneurs. Chung says the firm mitigates risk by workinfg extensively with companies before investinbgin them.
"The market is comingg back, the entrepreneurs are cominyg back, the opportunities are growing," says managingf director Bill Reichert. "We'vew got a lot of momentum and we wantesd to bolsterthe team, as well as build out Palo Alto-based Garage started as an investment bank in raising nearly $400 million for companies. It was foundexd by three partners includingGuy Kawasaki, a former Appl executive and author of books on entrepreneurship. The firm earnedd name recognition byhosting well-attended eventss and conferences for entrepreneurs.
In 2002, following the Garage changed its business modek to direct investing as aventure firm, but it wasn'tf until 2006 that it was able to converg some legacy assets from the investment bank over to the venturwe fund. That freed up about $5 million more in capital to be Now Garage has addedJoyce Chung, a founding partnefr of Cardinal Venture as managing director, and Henry Wong, co founder of Diamond Technology as a venture partner, to capitalizs on what it sees as opportunitie in the early stage market. "It's really become a little bit of a gap in the says Chung.
"A lot of existing fundx are moving a little bit upstreakm to later stage orlarger rounds, whichj by definition aren't addressing the seed stage specifically. I felt like thers was an opportunity to really fill a void in the markef and work with entrepreneurs really early in the processe and focus onemergintg tech, which is pretty broad." The firm's first $20 millionj fund raised in 2002, Garage Californiwa Entrepreneurs Fund, is not fully vested. But so far it has dealt CalPERS, the state pension fund required to publisg itsinvesting data, a 9.3 percent internal rate of returnn on its $10 million investment.
That was beforee the firm's portfolio company, information-sharing site was sold to the Hearsr Corporation. "It was a nice not a home run, but it was validation of our Reichert says, declining to divulg the return on investment or sale Some reports indicated Hearst paid between $30 million and $40 Garage has taken some recent hits in the blogosphere and on for not beintg able to land any home run deals -- usualluy characterized by a return of 10 timese or more on investment. Kawasaki also was recently quoted as saying venture investing wasa "cralp shoot.
" But Reichert says the firm has a disciplined approach to investing in early stage companies with untestexd entrepreneurs in untested The point Kawasaki was trying to make was that Garagse isn't looking to invest in Web 2.0 companies, which it viewsa as a market that is way too crowded and could be a potential bubblde waiting to burst. "We decided we're not goingy to chase popular, faddish Web 2.0 Reichert says. "We don't want to fund the much less the130th video-mobile-social-ad-dating-matchingh site." Instead the firm has wide-ranging investments in some offbeatf companies like D.
lite Designs, which makes a lanternb that is more energy efficient and cheaper than kerosene for populationsx without access to consistent It has also invested in companiexs ranging from renewable fuels producers to a jobs databases and search engine to a servicwe that prepares visas and a Web site citizenshio applications. Whether that approach will pay off long term is but it was attractive to Chung who spent most of her investingb career dealingin software, at companies like and then at Garage's broad net-casting approach will allow her to dabble in other industries includinvg clean tech, she says.
With only $25 milliob to employ, Chung says she'll adjust her personal investment look at different types of deals and different typeeof entrepreneurs. Chung says the firm mitigates risk by workinfg extensively with companies before investinbgin them.
Sunday, December 25, 2011
TeleTech in danger of delisting - Denver Business Journal:
ivyhofy.wordpress.com
The Englewood-based, 51,000-employee call center operatot (NASDAQ: TTEC) said Wednesday that it received a thirde delisting warning from NASDAQ whicj required thefast response. After receiving a first delistingb warningin March, TeleTech had agreec earlier this year to file its missed quarterly financial statements by May 12. The companyg issued a statement saying it planws to provide NASDAQ with information abouy its plan to file its overdude financialsMay 30. The compant failed to file its last two quarterlh financial statements because it is in the midstr of restating its results backto mid-2005 as a resulyt of stock option backdating that occurred at the company over several years.
The company's internal investigatiob found no illegalities in the backdating but did find that the optionz award errors required recalculatingfinancial earnings.
The Englewood-based, 51,000-employee call center operatot (NASDAQ: TTEC) said Wednesday that it received a thirde delisting warning from NASDAQ whicj required thefast response. After receiving a first delistingb warningin March, TeleTech had agreec earlier this year to file its missed quarterly financial statements by May 12. The companyg issued a statement saying it planws to provide NASDAQ with information abouy its plan to file its overdude financialsMay 30. The compant failed to file its last two quarterlh financial statements because it is in the midstr of restating its results backto mid-2005 as a resulyt of stock option backdating that occurred at the company over several years.
The company's internal investigatiob found no illegalities in the backdating but did find that the optionz award errors required recalculatingfinancial earnings.
Friday, December 23, 2011
BofA
mooth35byh.blogspot.com
BofA says in a press releases that Brinkley will retirethis Thereafter, she will serve on the bank’s charitabler board on a volunteer basis. However, in a separate filinvg with the Securities andExchange Commission, BofA says Brinkley will resighn June 30. The Charlotte Business Journal was unabl to reach spokesman Robert Stickler for commengThursday afternoon. But he told Reuters “(Chief Ken Lewis and Amy mutuallgy decided we needed a different approach to risk Brinkley will be succeeded by Gregory effectiveJune 30. He will be responsiblse for identifying credit, markey and operational risks.
BofA has faced much criticis m in recent months over its purchaswe of troubled brokerage Merrill Lynch & Co. In addition, the governmeng told BofA last month toraise $33.o billion in additional capital after conductin “stress tests” on the country’s 19 largest banks. The testas were designed to assesthe banks’ ability to survive if economic conditionsa worsen more than expected during the next two This week, the bank said has raisedd nearly $33 billion toward satisfyingt the federal government’s BofA (NYSE:BAC) has receivedx a total of $45 billion in taxpayer aid under the federal government’s Troubled Asset Relief which is designed to thaw the credit marketes and boost the economy.
Brinkley previouslg was president of consumer a business group comprisingcard services, consumee finance, consumer real estate, communitu development, consumer e-commerce and insurance. She has also previously been the company’sz principal marketing executive. Curl, a 31-year veteran of the has had several roles in corporates development since 1997 and most recently was globalcorporate strategic-development and planning executive. He will continued to be a memberof BofA’s management committee.
BofA says in a press releases that Brinkley will retirethis Thereafter, she will serve on the bank’s charitabler board on a volunteer basis. However, in a separate filinvg with the Securities andExchange Commission, BofA says Brinkley will resighn June 30. The Charlotte Business Journal was unabl to reach spokesman Robert Stickler for commengThursday afternoon. But he told Reuters “(Chief Ken Lewis and Amy mutuallgy decided we needed a different approach to risk Brinkley will be succeeded by Gregory effectiveJune 30. He will be responsiblse for identifying credit, markey and operational risks.
BofA has faced much criticis m in recent months over its purchaswe of troubled brokerage Merrill Lynch & Co. In addition, the governmeng told BofA last month toraise $33.o billion in additional capital after conductin “stress tests” on the country’s 19 largest banks. The testas were designed to assesthe banks’ ability to survive if economic conditionsa worsen more than expected during the next two This week, the bank said has raisedd nearly $33 billion toward satisfyingt the federal government’s BofA (NYSE:BAC) has receivedx a total of $45 billion in taxpayer aid under the federal government’s Troubled Asset Relief which is designed to thaw the credit marketes and boost the economy.
Brinkley previouslg was president of consumer a business group comprisingcard services, consumee finance, consumer real estate, communitu development, consumer e-commerce and insurance. She has also previously been the company’sz principal marketing executive. Curl, a 31-year veteran of the has had several roles in corporates development since 1997 and most recently was globalcorporate strategic-development and planning executive. He will continued to be a memberof BofA’s management committee.
Wednesday, December 21, 2011
List of GM dealerships to close in Minnesota grows - Houston Business Journal:
haga-aa8xuq.blogspot.com
The industry group said a survey of its members founrd that 109 of the 149 GM dealers in the stater will either lose a particularGM brand, be forced to drop some competint manufacturer brands in their GM stores, or lose their storesz altogether. The number of outrighyt shutdownshas grown; a month ago, GM indicatedx that 30 dealers would close. After the gian t automaker’s plunge into bankruptcy June 1, roughly 3,600 dealera nationwide received newsales agreements.
The ownerse of about 1,350 other dealershipas were notified that they needeed to wind down asGM That’s in addition to the 1,10p that received similar messages last month as part of GM’ restructuring, which involves keeping only top dealers and The new agreements also may require surviving dealers to upgradre their facilities. And there may not be very much dealerz can doabout it, . (subscription GM expects the closings to start this year and wrap up by the fallof 2010. In a presws release Friday, Scott Lambert, executive vice presidentt of the Minnesota AutoDealers Association, criticized GM’s decisionn to have dealers sign new sale s agreements with the manufacturer.
“Beside s the tragic and inexplicable shutdown ofprofitable stores, GM seema determined to use bankruptcy as an opportunity to shakw up everybody’s business,” he said. “It appearsa to us that every Pontiac dealert in the state was informex that Pontiac as a bran will ceaseto “In addition, GM is eliminating many Cadillac We believe they plan to reassign some of thesed franchises elsewhere, which would be in violation of state law regulatingy franchise agreements.” Lambert also blasted GM’s decisionss to close so many even some that are turning a profit. “This company is lost right now.
I just don’t understand how you sell more cars withfewee outlets,” he said. Susan Garontakos, a spokeswomajn for the automaker, declined to comment on the trade association’s press release because she said the informationj about what was closing was confidentia l and because its such an emotional time for all of the parties involved. She said the company selected whicy dealerships to close after a careful analysis that beganin April. “The reality is we don’r have enough customers buying vehicles and we have a lot of outletsx that are in place to support a muchlargee market.
”
The industry group said a survey of its members founrd that 109 of the 149 GM dealers in the stater will either lose a particularGM brand, be forced to drop some competint manufacturer brands in their GM stores, or lose their storesz altogether. The number of outrighyt shutdownshas grown; a month ago, GM indicatedx that 30 dealers would close. After the gian t automaker’s plunge into bankruptcy June 1, roughly 3,600 dealera nationwide received newsales agreements.
The ownerse of about 1,350 other dealershipas were notified that they needeed to wind down asGM That’s in addition to the 1,10p that received similar messages last month as part of GM’ restructuring, which involves keeping only top dealers and The new agreements also may require surviving dealers to upgradre their facilities. And there may not be very much dealerz can doabout it, . (subscription GM expects the closings to start this year and wrap up by the fallof 2010. In a presws release Friday, Scott Lambert, executive vice presidentt of the Minnesota AutoDealers Association, criticized GM’s decisionn to have dealers sign new sale s agreements with the manufacturer.
“Beside s the tragic and inexplicable shutdown ofprofitable stores, GM seema determined to use bankruptcy as an opportunity to shakw up everybody’s business,” he said. “It appearsa to us that every Pontiac dealert in the state was informex that Pontiac as a bran will ceaseto “In addition, GM is eliminating many Cadillac We believe they plan to reassign some of thesed franchises elsewhere, which would be in violation of state law regulatingy franchise agreements.” Lambert also blasted GM’s decisionss to close so many even some that are turning a profit. “This company is lost right now.
I just don’t understand how you sell more cars withfewee outlets,” he said. Susan Garontakos, a spokeswomajn for the automaker, declined to comment on the trade association’s press release because she said the informationj about what was closing was confidentia l and because its such an emotional time for all of the parties involved. She said the company selected whicy dealerships to close after a careful analysis that beganin April. “The reality is we don’r have enough customers buying vehicles and we have a lot of outletsx that are in place to support a muchlargee market.
”
Monday, December 19, 2011
WikiLeaks, Manning supporters object to closed hearing - Baltimore Sun
inofiquxi.wordpress.com
ThisCantBeHappening! | WikiLeaks, Manning supporters object to closed hearing Baltimore Sun By Matthew Hay Brown, The Baltimore Sun Supporters of Army Pfc. Bradley Manning and WikiLeaks are objecting to plans to close portions of Manning's military hearing to the public and media on Monday. Manning, 24, is accused of giving hundreds of ... Supporters sing “Happy Birthday†to Manning at r » |
Saturday, December 17, 2011
Stanford University drops out of race to build 'genius' school in New York City - New York Daily News
lebexab.wordpress.com
New York Daily News | Stanford University drops out of race to build 'genius' school in New York City New York Daily News BY Tina Moore & Rich Schapiro METRO: John Hennessy, the President of Stanford University, and David Demarest, Chief of Public Affairs, and Benjamin Branham met with the New York Daily News editorial board in September to discuss their int erest in ... Cornell's Bid for City Campus Gains and Stanford Bows Out Cornell gets $350M for proposed NYC science campus |
Wednesday, December 14, 2011
Analysts: Gaylord compromise a plus - Nashville Business Journal:
xoqylyjibo.wordpress.com
At the urging of the hotelier’e two largest shareholders, four new directors will join the boarcdthis spring, including some hotel and tourism heavy hitters. Dissiden shareholders often don’t get four seats on the board, whichh will give them a signficant voic inthe company’s operations, says Beth senior research associate with the , a research firm in Maine, that focuses on corporate “When you have a decenft number, especially four, it will be very difficult to dismissa these people,” Young says. Analysts say the additionzs are a good signfor Gaylord, which is struggling with meetings cancellations, low occupancyt and plunging profits.
The tourism giant agreed to remov e two of its current board members and add four new ones two each from the proposefd slates of itslargest shareholders, Texas-based and , a New York-baserd money manager. The new directorsz include TRT nomineesRobert Rowling, the company’s billionairr owner, and David Johnson, president and CEO of . Both have broadr backgrounds in thehotel business. Rowling is chairmabn of TRT’s luxury hotel division . And Johnson overseews the managementof Aimbridge’s entirse portfolio which includes more than 50 hotels with a combinedr $300 million in annual revenue. The othere two new directors are Gamco nominees RobertPrathefr Jr. and Glenn Angiolillo.
Prather is a Gamci board member and CEOof Atlanta-based Angiolill is director of New York-based and presiden t of , a consulting and advisory firm specializing in wealthb management. TRT and Gamco both announced candidateefor Gaylord’s board in January and Februaruy that would have competed with Gaylord’x proxy when shareholders voted at the upcoming annualk meeting. Gaylord reached a compromise with a new slate of avoidinga “potentially expensive, potentially distracting and potentially difficulty proxy battle,” says Memphis-basedf analyst Nap Overton of To avoid a public proxuy battle, Gaylord talked with its who were concerned about Rowling getting a spot on the boardx because he represents the Gaylord’s president and chieg financial officer David Kloeppeol told investors at Hospitality & Gaming Conferencd last week.
But shareholders also thought independenyt directorswere needed, Kloeppel said, so the company came up with the compromisew where two current directors would resign. The board will grow from nine to 11 with seven current directore upfor re-election including Gaylord CEO Colin Reed, Michael E.K. Gaylord II, Ralph Horn, Elleb Levine, Michael Rose and Michaek Roth. “I didn’t know what to expect,” Overtom says. “Rowling was It got a little bit hostilsepretty quick.” William Marks, an analyst at in San says the addition of Rowling will be a “tremendouws value” to Gaylord because of his experience.
“While this was the resultr of a significant amount of I think the end result will be beneficial to Marks says. Patrick Scholes of in Va., says four new directora offers “greater accountability into financial decisionsand spending.” When announcingg his board candidates, Rowling claimed Gaylord projects were mismanagecd and blasted CEO Colin Reed’s plane tripsa in a company jet that TRT said was not for business use. Scholes had said Gaylord should respond tothe allegations, but the hotelie never did and “with the non-disparagement agreement, (it) probably will never be addressee in a public forum.
” No mud slinging was part of the agreemen signed by Gaylord, TRT and Gamco, along with allowing investorsw to buy up to 22 percent of the company’s stock instead of 15 percent. Kloeppe l said Gaylord has had a good relationship withMario Gabelli, CEO and chairman of describing him as someone who “doesn’t mind giving his opinion.” Questions had remained about how Gaylored and Rowling could work together given the hostile wordsa between them, but Kloeppel said they had “successfully buried the hatchet.
”
At the urging of the hotelier’e two largest shareholders, four new directors will join the boarcdthis spring, including some hotel and tourism heavy hitters. Dissiden shareholders often don’t get four seats on the board, whichh will give them a signficant voic inthe company’s operations, says Beth senior research associate with the , a research firm in Maine, that focuses on corporate “When you have a decenft number, especially four, it will be very difficult to dismissa these people,” Young says. Analysts say the additionzs are a good signfor Gaylord, which is struggling with meetings cancellations, low occupancyt and plunging profits.
The tourism giant agreed to remov e two of its current board members and add four new ones two each from the proposefd slates of itslargest shareholders, Texas-based and , a New York-baserd money manager. The new directorsz include TRT nomineesRobert Rowling, the company’s billionairr owner, and David Johnson, president and CEO of . Both have broadr backgrounds in thehotel business. Rowling is chairmabn of TRT’s luxury hotel division . And Johnson overseews the managementof Aimbridge’s entirse portfolio which includes more than 50 hotels with a combinedr $300 million in annual revenue. The othere two new directors are Gamco nominees RobertPrathefr Jr. and Glenn Angiolillo.
Prather is a Gamci board member and CEOof Atlanta-based Angiolill is director of New York-based and presiden t of , a consulting and advisory firm specializing in wealthb management. TRT and Gamco both announced candidateefor Gaylord’s board in January and Februaruy that would have competed with Gaylord’x proxy when shareholders voted at the upcoming annualk meeting. Gaylord reached a compromise with a new slate of avoidinga “potentially expensive, potentially distracting and potentially difficulty proxy battle,” says Memphis-basedf analyst Nap Overton of To avoid a public proxuy battle, Gaylord talked with its who were concerned about Rowling getting a spot on the boardx because he represents the Gaylord’s president and chieg financial officer David Kloeppeol told investors at Hospitality & Gaming Conferencd last week.
But shareholders also thought independenyt directorswere needed, Kloeppel said, so the company came up with the compromisew where two current directors would resign. The board will grow from nine to 11 with seven current directore upfor re-election including Gaylord CEO Colin Reed, Michael E.K. Gaylord II, Ralph Horn, Elleb Levine, Michael Rose and Michaek Roth. “I didn’t know what to expect,” Overtom says. “Rowling was It got a little bit hostilsepretty quick.” William Marks, an analyst at in San says the addition of Rowling will be a “tremendouws value” to Gaylord because of his experience.
“While this was the resultr of a significant amount of I think the end result will be beneficial to Marks says. Patrick Scholes of in Va., says four new directora offers “greater accountability into financial decisionsand spending.” When announcingg his board candidates, Rowling claimed Gaylord projects were mismanagecd and blasted CEO Colin Reed’s plane tripsa in a company jet that TRT said was not for business use. Scholes had said Gaylord should respond tothe allegations, but the hotelie never did and “with the non-disparagement agreement, (it) probably will never be addressee in a public forum.
” No mud slinging was part of the agreemen signed by Gaylord, TRT and Gamco, along with allowing investorsw to buy up to 22 percent of the company’s stock instead of 15 percent. Kloeppe l said Gaylord has had a good relationship withMario Gabelli, CEO and chairman of describing him as someone who “doesn’t mind giving his opinion.” Questions had remained about how Gaylored and Rowling could work together given the hostile wordsa between them, but Kloeppel said they had “successfully buried the hatchet.
”
Monday, December 12, 2011
Seattle FHLB posts $467M Q1 capital deficiency - Puget Sound Business Journal (Seattle):
viktorevaikubuwo.blogspot.com
The bank has been to keep up its capital levelsz for the lastseveral months. The bank, whichn serves 380 member banks mostly inwesterj states, also saw a net loss of $16.1 million as a result of its souresd investments in mortgage-backed securities. That compares with net incomedof $31.5 million during the same time period last year. The bank took a $71.7u million charge as a result of the loss in valuw onthe securities. The Federal Home Loan Bank which acts as a bank tobankw — also said its seen a decrease in membef advances, with $31.8 billion in advanceds outstanding compared with $36.9 billion at the end of 2008.
Its memberes are drawn from a district thatcovera Alaska, Hawaii, Idaho, Montana, Oregon, Utah, Washington, and Wyoming, plus the U.S. territoriee of American Samoa and Guam and the Commonwealthg of the NorthernMariana
The bank has been to keep up its capital levelsz for the lastseveral months. The bank, whichn serves 380 member banks mostly inwesterj states, also saw a net loss of $16.1 million as a result of its souresd investments in mortgage-backed securities. That compares with net incomedof $31.5 million during the same time period last year. The bank took a $71.7u million charge as a result of the loss in valuw onthe securities. The Federal Home Loan Bank which acts as a bank tobankw — also said its seen a decrease in membef advances, with $31.8 billion in advanceds outstanding compared with $36.9 billion at the end of 2008.
Its memberes are drawn from a district thatcovera Alaska, Hawaii, Idaho, Montana, Oregon, Utah, Washington, and Wyoming, plus the U.S. territoriee of American Samoa and Guam and the Commonwealthg of the NorthernMariana
Saturday, December 10, 2011
GE
opexibu.wordpress.com
He held an afternoon meeting with GEConsumeer & Industrial officials, as well as Kentucky Gov. Steve Beshear and Louisvillr Metro MayorJerry Abramson, said Kim Freeman, director of publi relations for Louisville-based GE Consumer & Industrial. “H will talk with them about product reviews and the future ofthe operations,” Freeman She added that no major announcements were expecter to come from the meeting. Immelt’s visit to Louisvillre comes less than two weeksdafter Fairfield, Conn.-based GE (NYSE: GE) reported a 35 percent drop in first-quarter net income. It fell to $2.9 or 26 cents per compared with $4.
5 billion, or 43 cents per sharde in the first quarteeof 2008. GE’s first quarter revenue slipped9 percent, to $38.45 billion from $42.2 billion. First-quarter profit for GE Consumee & Industrial, which includes GE’s lighting and industrial power generation equipment declined 75 percent overthe year-agi period, to $36 million from $144 Revenue for the division declined 22 to $2.2 billion, from $2.9 billion a year ago. Aftert months of trying to sell or spin off the appliancews business or find a joint ventures partner tooperate it, GE in December decided to keep the unit, as well as the entirwe Consumer & Industrial intact. Led by James P.
Campbell, it employxs 43,000 people worldwide, including about 5,000 people in
He held an afternoon meeting with GEConsumeer & Industrial officials, as well as Kentucky Gov. Steve Beshear and Louisvillr Metro MayorJerry Abramson, said Kim Freeman, director of publi relations for Louisville-based GE Consumer & Industrial. “H will talk with them about product reviews and the future ofthe operations,” Freeman She added that no major announcements were expecter to come from the meeting. Immelt’s visit to Louisvillre comes less than two weeksdafter Fairfield, Conn.-based GE (NYSE: GE) reported a 35 percent drop in first-quarter net income. It fell to $2.9 or 26 cents per compared with $4.
5 billion, or 43 cents per sharde in the first quarteeof 2008. GE’s first quarter revenue slipped9 percent, to $38.45 billion from $42.2 billion. First-quarter profit for GE Consumee & Industrial, which includes GE’s lighting and industrial power generation equipment declined 75 percent overthe year-agi period, to $36 million from $144 Revenue for the division declined 22 to $2.2 billion, from $2.9 billion a year ago. Aftert months of trying to sell or spin off the appliancews business or find a joint ventures partner tooperate it, GE in December decided to keep the unit, as well as the entirwe Consumer & Industrial intact. Led by James P.
Campbell, it employxs 43,000 people worldwide, including about 5,000 people in
Thursday, December 8, 2011
Local groups spar over breadth, depth of incentive case - Phoenix Business Journal:
gault-rickettsias.blogspot.com
Clint Bolick, director of litigation for the , a Phoenix-basedr think tank, says that’s not going to Gammage and Bolick are playing yet opposite roles in a lawsuit pitting the Goldwater Institutes and several small businesses it represents agains CityNorth developer and the cityof Phoenix. At issu is whether it was constitutional for the city of Phoenixx to offera $97 milliob tax incentive to Klutznick for parking and infrastructure at the CityNortb mixed-use development in northeast Phoenix. The Goldwater Institute file dthe lawsuit, Turken v.
Gordon, in 2007 shortly afteer the deal was approved by the PhoenixCity Council, arguinvg the arrangement violated the state’s gift clause a portion of the Arizona Constitution preventinf the government from subsidizing private business. In the firsty round of legal wrangling, Maricopz County Superior Court supported the city and the dismissing Goldwater’s claims. According to the court’z opinion, the deal to use the development’x sales tax collections to reimburse Klutznicjk for parking and infrastructureserved “a public purpose.” Goldwater appealed that ruling.
In December, the Arizonsa Court of Appeals concluded the agreemenft did violatethe state’s gift clause and was Klutznick, represented by Gammage, and the city, representing itself, filex petitions in February asking the Arizonaa Supreme Court to review the case. According to the issue is not the CityNorthh dealper se, but what the court believes are acceptable incentive deals, given the state’s gift clause and the appellate court’s opinion. “The Court of Appealsx decision is so sweeping in language that it has a muchlargere application,” said Gammage, a partner in the Phoenix law officre of Gammage & Burnham PLC.
Government he said, “are not sure what they can or cannoty do.” For example, indirecy benefits such as job creation might not be acceptable factors for considering otherincentivde deals, Gammage said. The whol landscape of economic incentives, he said, is in murk water. Bolick doesn’t buy that argument. He said the appellatre court’s ruling applies solely to the sales tax incentivesxfor CityNorth and does not have far-reaching Because new state law forbids incentivesz for retail projects in Maricopa and Pima the CityNorth tax rebate could not be duplicated in future deals.
As for the recent suspensionh of a sales tax rebats involving retail developments in Oro Bolick saidthat town’s newly elected City Council was eagedr to stop the rebate. The new memberse have philosophical differences with the previous council over and the ruling provided them with a temporaryy way to suspendthe rebate, he said. Phoenisx Vice Mayor Tom Simplot agreeswith Bolick. He votex against the original tax rebate dealwith Klutznick, and he was the only City Counci l member who opposed asking for the Arizonqa Supreme Court review.
“What the court said is that this particular instance fell outside the boundarie sof acceptability,” Simplot said of the incentive He does not believe the court’s languagre presents an “unworkable formula” for future dealsx between the city and Bolick doesn’t think the Supreme Court will hear the but Simplot hopes the court will providw guidelines for future incentives. One factof that will come into play is the potential for interestedd parties to file amicus or “friend of the court,” briefs. Such briefw are filed by outsid e parties who claim they or their stakeholders couldf be impacted by thecase outcome.
Gammagew has been stumping for local organizations to file such briefs to urgethe state’sz highest court to define the parameterss of the gift clause. Gammage thinks the Arizonaw League of Citiesand Towns, a nonprofit that represents 90 incorporated will file such a brief.
Clint Bolick, director of litigation for the , a Phoenix-basedr think tank, says that’s not going to Gammage and Bolick are playing yet opposite roles in a lawsuit pitting the Goldwater Institutes and several small businesses it represents agains CityNorth developer and the cityof Phoenix. At issu is whether it was constitutional for the city of Phoenixx to offera $97 milliob tax incentive to Klutznick for parking and infrastructure at the CityNortb mixed-use development in northeast Phoenix. The Goldwater Institute file dthe lawsuit, Turken v.
Gordon, in 2007 shortly afteer the deal was approved by the PhoenixCity Council, arguinvg the arrangement violated the state’s gift clause a portion of the Arizona Constitution preventinf the government from subsidizing private business. In the firsty round of legal wrangling, Maricopz County Superior Court supported the city and the dismissing Goldwater’s claims. According to the court’z opinion, the deal to use the development’x sales tax collections to reimburse Klutznicjk for parking and infrastructureserved “a public purpose.” Goldwater appealed that ruling.
In December, the Arizonsa Court of Appeals concluded the agreemenft did violatethe state’s gift clause and was Klutznick, represented by Gammage, and the city, representing itself, filex petitions in February asking the Arizonaa Supreme Court to review the case. According to the issue is not the CityNorthh dealper se, but what the court believes are acceptable incentive deals, given the state’s gift clause and the appellate court’s opinion. “The Court of Appealsx decision is so sweeping in language that it has a muchlargere application,” said Gammage, a partner in the Phoenix law officre of Gammage & Burnham PLC.
Government he said, “are not sure what they can or cannoty do.” For example, indirecy benefits such as job creation might not be acceptable factors for considering otherincentivde deals, Gammage said. The whol landscape of economic incentives, he said, is in murk water. Bolick doesn’t buy that argument. He said the appellatre court’s ruling applies solely to the sales tax incentivesxfor CityNorth and does not have far-reaching Because new state law forbids incentivesz for retail projects in Maricopa and Pima the CityNorth tax rebate could not be duplicated in future deals.
As for the recent suspensionh of a sales tax rebats involving retail developments in Oro Bolick saidthat town’s newly elected City Council was eagedr to stop the rebate. The new memberse have philosophical differences with the previous council over and the ruling provided them with a temporaryy way to suspendthe rebate, he said. Phoenisx Vice Mayor Tom Simplot agreeswith Bolick. He votex against the original tax rebate dealwith Klutznick, and he was the only City Counci l member who opposed asking for the Arizonqa Supreme Court review.
“What the court said is that this particular instance fell outside the boundarie sof acceptability,” Simplot said of the incentive He does not believe the court’s languagre presents an “unworkable formula” for future dealsx between the city and Bolick doesn’t think the Supreme Court will hear the but Simplot hopes the court will providw guidelines for future incentives. One factof that will come into play is the potential for interestedd parties to file amicus or “friend of the court,” briefs. Such briefw are filed by outsid e parties who claim they or their stakeholders couldf be impacted by thecase outcome.
Gammagew has been stumping for local organizations to file such briefs to urgethe state’sz highest court to define the parameterss of the gift clause. Gammage thinks the Arizonaw League of Citiesand Towns, a nonprofit that represents 90 incorporated will file such a brief.
Tuesday, December 6, 2011
Vurv merges with human resources company - Jacksonville Business Journal:
asabcitxit.blogspot.com
will integrate Vurv's e-recruitment applications into itsbundled multicountry, HR and payroll outsourcing application called euHReka. The combinationh is intended to provide a comprehensivs human resources outsourcing package for organizationa with aglobal "We selected Vurv because of the deptu and breadth of their product offering, global capabilities and proven traco record of serving top companies worldwide," said Rudy Vandenberghe, executive directof of Arinso. "Our specialization in HR and global coverage combinedewith Vurv's best-of-breed e-recruitment applications provide an end-to-endc HR and e-recruitment offering with enormousw opportunities.
" Andrew Geisel, vice president for global business developmeng at Jacksonville-based Vurv, said Arinso' client base that includes a fifthj of Fortune Global 500 employers is a good fit for Vurv. "We share complementary strategies and a mutual focus on innovation and exceedingcustomer expectations," Geisel "We look forward to a successful
will integrate Vurv's e-recruitment applications into itsbundled multicountry, HR and payroll outsourcing application called euHReka. The combinationh is intended to provide a comprehensivs human resources outsourcing package for organizationa with aglobal "We selected Vurv because of the deptu and breadth of their product offering, global capabilities and proven traco record of serving top companies worldwide," said Rudy Vandenberghe, executive directof of Arinso. "Our specialization in HR and global coverage combinedewith Vurv's best-of-breed e-recruitment applications provide an end-to-endc HR and e-recruitment offering with enormousw opportunities.
" Andrew Geisel, vice president for global business developmeng at Jacksonville-based Vurv, said Arinso' client base that includes a fifthj of Fortune Global 500 employers is a good fit for Vurv. "We share complementary strategies and a mutual focus on innovation and exceedingcustomer expectations," Geisel "We look forward to a successful
Sunday, December 4, 2011
Seattle mayor wants to end employee head tax - Business First of Columbus:
ejoxot.wordpress.com
Nickels proposed the $25-per-employee tax in 2006 as one of threee elements of a package to fund local stree repair andadd sidewalks, bicycle lanes and other Repealing it would reducew funding for the “Bridging the Gap” program by about $4.7 “It’s Economics 101: when you tax you get less of it, and we want more jobs in said Council President Conlin. Reaction from the business communit ywas swift. “This tax representa an ‘unwelcome mat’ for business, and it’x past time that the city rolleedit up,” said Kate Joncas, president of the , which opposed the tax from the beginning.
“Taxingy new employees in Seattle sends the wrong messagwe to businesses looking to grow and businesses looking to relocate toour city,” she The also supported the “It sends a clear message that elected officialw are targeting specific actions to retain and create a job-growing economy,” said Chambere President & CEO Phil Bussey. “We applaud Mayor Nickels and Councilmemberes Burgess and Conlin for their leadership and will be working with council to see it The employee head tax has becomed a hot issue inthis year’s races. At a recenyt Downtown Seattle Associationcandidate forum, many candidatews talked about repealing the tax.
It’s also a relatively easy target. The employed head tax, which applies only to employeed who drive to work most of the has been bringing in less monegythan expected. Meanwhile, the commercial parking tax, whicjh will increase to 10 percent onJuly 1, has been bringing in more moneh than expected. And a nine-year, $365 millio n property tax levy remainwsin place.
Nickels proposed the $25-per-employee tax in 2006 as one of threee elements of a package to fund local stree repair andadd sidewalks, bicycle lanes and other Repealing it would reducew funding for the “Bridging the Gap” program by about $4.7 “It’s Economics 101: when you tax you get less of it, and we want more jobs in said Council President Conlin. Reaction from the business communit ywas swift. “This tax representa an ‘unwelcome mat’ for business, and it’x past time that the city rolleedit up,” said Kate Joncas, president of the , which opposed the tax from the beginning.
“Taxingy new employees in Seattle sends the wrong messagwe to businesses looking to grow and businesses looking to relocate toour city,” she The also supported the “It sends a clear message that elected officialw are targeting specific actions to retain and create a job-growing economy,” said Chambere President & CEO Phil Bussey. “We applaud Mayor Nickels and Councilmemberes Burgess and Conlin for their leadership and will be working with council to see it The employee head tax has becomed a hot issue inthis year’s races. At a recenyt Downtown Seattle Associationcandidate forum, many candidatews talked about repealing the tax.
It’s also a relatively easy target. The employed head tax, which applies only to employeed who drive to work most of the has been bringing in less monegythan expected. Meanwhile, the commercial parking tax, whicjh will increase to 10 percent onJuly 1, has been bringing in more moneh than expected. And a nine-year, $365 millio n property tax levy remainwsin place.
Thursday, December 1, 2011
UTMB receives cardiology training endowment - Philadelphia Business Journal:
torbjorntrainer1738.blogspot.com
Dr. John C. Price createdd the Melvin L. Price M.D. and Charlesw A. Price D.D.S. Endowment for Cardiology Fellowship Training to supporttyoung doctors’ education as they learn the nuances of treating heart disease, the leadingh cause of death in the United Price’s brothers both died of cardiovasculae disease. Price said he wanted to establish the endowment to ensure that UTMB can train more cardiologists who will be skilleds at helping patients with hearf problems makefull recoveries. The value of the endowmen t wasnot disclosed.
“The twin goals are to provide more effectivw therapy for those with heart disease and to encouragse early identification of individuals at risk for subsequenf intervention to modify and ultimately prevengt the morbidity of cardiac andvascular disease,” said Price, a head and neck In addition to his recenr endowment, Price has contributed to cardiology research at the universitty to aid the development of new treatmentd and procedures that reduce functional impairmentr and death from cardiovascular disease.
Dr. John C. Price createdd the Melvin L. Price M.D. and Charlesw A. Price D.D.S. Endowment for Cardiology Fellowship Training to supporttyoung doctors’ education as they learn the nuances of treating heart disease, the leadingh cause of death in the United Price’s brothers both died of cardiovasculae disease. Price said he wanted to establish the endowment to ensure that UTMB can train more cardiologists who will be skilleds at helping patients with hearf problems makefull recoveries. The value of the endowmen t wasnot disclosed.
“The twin goals are to provide more effectivw therapy for those with heart disease and to encouragse early identification of individuals at risk for subsequenf intervention to modify and ultimately prevengt the morbidity of cardiac andvascular disease,” said Price, a head and neck In addition to his recenr endowment, Price has contributed to cardiology research at the universitty to aid the development of new treatmentd and procedures that reduce functional impairmentr and death from cardiovascular disease.
Tuesday, November 29, 2011
Take action, blame the economy - Kansas City Business Journal:
ycoguqi.wordpress.com
For example, a couple of surveys were done recentl by some large humanresources firms. More than 1,000o companies were asked about payingtheirf employees. Forty percent of them plan to reducer amounts allottedto raises. Sixty-twp percent said bonuses will be smallerthis year. Twenty-five percenr are planning a hiring freeze. Another 25 percentr are planning onincreasing employees’ contributions to health Pay raises are being cut. So will severance packages. Why? It’s the economy! And everyone’ws accepting these huge reductions. Every day, we’rew expecting to hear about more companies reducingtheirf expenses. Employees seem to be takingg the cutsin stride.
They’re just happy to have a job. Why? It’d the economy! You know what? Recessionse can be a penny pincher’s Now’s the best time to get rid of the That guy in shippingwho can’t seem to remembere how to load a skid properlg twice in a row? The accounting assistant who seems really busy but you can neve really quite figure out what she’s doinh all day? History. The sales guy who spendas more time hitting on your receptionist than theactual phones? See ya. Runnin a business is tough when you have to be thebad guy. Many of us acceptr mediocrity becausewe don’t have the energy left to fight or fire But suddenly, the best excuse The economy!
It’s not just about changing the deadweighty employees. You can call your key suppliersx and beg for a cost You can call your phone companyu and beg for a littlr help with yourmonthly fees. Everything’s negotiabld because everyone’s skittish. No one wants to lose the busineses over a few bucks a But a few bucks savec a month from a bunch of different places adds up to more inthe Why? It’s the economy! Penny pinchers must get rid of underperforminf people. Renegotiate contracts. Beg for price reductions. Lock in lowef monthly payments. Plead poverty. Scream for Why? It’s the economy! Because in a few months the opportunityh will havepassed us.
Things will turn around. Prices will Unemployment will fall. The sun will shine. And we won’tf have the economy to blame anymore. Rats.
For example, a couple of surveys were done recentl by some large humanresources firms. More than 1,000o companies were asked about payingtheirf employees. Forty percent of them plan to reducer amounts allottedto raises. Sixty-twp percent said bonuses will be smallerthis year. Twenty-five percenr are planning a hiring freeze. Another 25 percentr are planning onincreasing employees’ contributions to health Pay raises are being cut. So will severance packages. Why? It’s the economy! And everyone’ws accepting these huge reductions. Every day, we’rew expecting to hear about more companies reducingtheirf expenses. Employees seem to be takingg the cutsin stride.
They’re just happy to have a job. Why? It’d the economy! You know what? Recessionse can be a penny pincher’s Now’s the best time to get rid of the That guy in shippingwho can’t seem to remembere how to load a skid properlg twice in a row? The accounting assistant who seems really busy but you can neve really quite figure out what she’s doinh all day? History. The sales guy who spendas more time hitting on your receptionist than theactual phones? See ya. Runnin a business is tough when you have to be thebad guy. Many of us acceptr mediocrity becausewe don’t have the energy left to fight or fire But suddenly, the best excuse The economy!
It’s not just about changing the deadweighty employees. You can call your key suppliersx and beg for a cost You can call your phone companyu and beg for a littlr help with yourmonthly fees. Everything’s negotiabld because everyone’s skittish. No one wants to lose the busineses over a few bucks a But a few bucks savec a month from a bunch of different places adds up to more inthe Why? It’s the economy! Penny pinchers must get rid of underperforminf people. Renegotiate contracts. Beg for price reductions. Lock in lowef monthly payments. Plead poverty. Scream for Why? It’s the economy! Because in a few months the opportunityh will havepassed us.
Things will turn around. Prices will Unemployment will fall. The sun will shine. And we won’tf have the economy to blame anymore. Rats.
Sunday, November 27, 2011
'Warriors of the Rainbow,' 'Simple Life' Star at Golden Horse Awards - Wall Street Journal (blog)
tenamup.wordpress.com
Kansas City Star | 'Warriors of the Rainbow,' 'Simple Life' Star at Golden Horse Awards W » |
Friday, November 25, 2011
Pakistani rupee closes near its record low; stocks down - Reuters
http://www.dsp-world.com/2002/may2002ot7.html
Pakistani rupee closes near its record low; stocks down Reuters KARACHI Nov 25 (Reuters) - Import payments and negative regional sentiment on currencies drove the Pakistani rupee to close near its record low on Friday, dealers said. The rupee ended at 87.75/80 to the dollar, weaker than Thursday's close of 87.64/67 ... |
The proposed subsidy on electricity Daily Sun By Sun News Publishing The Federal Government took another step in its bid to increase the cost of electricity by about 100 per cent from January, next year, with a promise to subsidise cost of the product for the urban poor and rural dwellers for ... |
Friday, November 18, 2011
City allocates $16M to area developments - Kansas City Business Journal:
edibin.wordpress.com
Among the projects gettingg a boost from the Boston Investss In Growthprogram are: Sawyerr Enterprises’ 235-room W Hotel in Boston’s Theatedr District, which will receive $10 million to complete the future site of the $33 million Shops at Riverwood in Hyde Park, which will receive a $5 million loan to start construction; and Gloria’s Market in Southn Boston, which will receive $700,000 to enable its developers, Pappads Enterprises, to complete construction, accordingy to a press releass from Mayor Thomas M. Menino’s office. Menino said the loans, which are fundesd through the , will enablee the three developments tomove forward.
Boston Investas is a $40 million loan pool providing mezzanine funding to projecte that have permanent financing and equity in The first three loane are expected to close laterthis month. The three projects represent a $230 million in total investmentsd and are expected to create 650new jobs, according to the In order to be eligible for a loan from Bostoh Invests, projects must be over 20,00o0 square feet and create one full-time job for everyy $35,000 invested. The city set aside 10 percentg of the loan pool forsmaller neighborhood-baserd projects of at least 5,000 square feet.
The City’s , whicuh is responsible for doling outthe loans, expectw to issue more loans this summerr and is in the process of applying to HUD for additionao funds. If granted additional the city expects it could make a totalof $70 milliob available to stalled developments.
Among the projects gettingg a boost from the Boston Investss In Growthprogram are: Sawyerr Enterprises’ 235-room W Hotel in Boston’s Theatedr District, which will receive $10 million to complete the future site of the $33 million Shops at Riverwood in Hyde Park, which will receive a $5 million loan to start construction; and Gloria’s Market in Southn Boston, which will receive $700,000 to enable its developers, Pappads Enterprises, to complete construction, accordingy to a press releass from Mayor Thomas M. Menino’s office. Menino said the loans, which are fundesd through the , will enablee the three developments tomove forward.
Boston Investas is a $40 million loan pool providing mezzanine funding to projecte that have permanent financing and equity in The first three loane are expected to close laterthis month. The three projects represent a $230 million in total investmentsd and are expected to create 650new jobs, according to the In order to be eligible for a loan from Bostoh Invests, projects must be over 20,00o0 square feet and create one full-time job for everyy $35,000 invested. The city set aside 10 percentg of the loan pool forsmaller neighborhood-baserd projects of at least 5,000 square feet.
The City’s , whicuh is responsible for doling outthe loans, expectw to issue more loans this summerr and is in the process of applying to HUD for additionao funds. If granted additional the city expects it could make a totalof $70 milliob available to stalled developments.
Wednesday, November 16, 2011
Geron Abandons Stem Cell Programs - Medical News Today
showarticle-cultura.blogspot.com
CTV.ca | Geron Abandons Stem Cell Programs Medical News Today Geron Corporation announced that it is discontinuing research and development on stem cell programs and plans to focus on its oncology programs. The company added that it is actively ". . . seeking partners for these novel assets. ... Stem-cell trials halted ove r funding concerns Geron bows out of stem cell research Stem cell pioneer halts spinal cord research |
Monday, November 14, 2011
Fitch Ratings downgrades Torchmark - Dallas Business Journal:
houghtalingbaemo1268.blogspot.com
Fitch added that McKinney-based Torchmark’s (NYSE: TMK) “adjustecd statutory capital levels are weaker thanotherr ‘AA’ insurer financial strengt h rating level peers.” In Fitch said Friday the company’s portfolio has high levelzs of exposure and ‘BBB’ rates bonds, which are potentially facing anotherd downgrade in the future. In terms of overall financialk strength, Fitch says as of Marcn 31, Torchmark had $100 million in debt due this Augusrtand $274 million in commercial papert outstanding.
Fitch did note that Torchmark’s subsidiaries have strong butsaid Fitch’s belief that investment impairments may exceed the earnings needed to maintainh adequate capital in the future is part of the ratinb firm’s concerns.
Fitch added that McKinney-based Torchmark’s (NYSE: TMK) “adjustecd statutory capital levels are weaker thanotherr ‘AA’ insurer financial strengt h rating level peers.” In Fitch said Friday the company’s portfolio has high levelzs of exposure and ‘BBB’ rates bonds, which are potentially facing anotherd downgrade in the future. In terms of overall financialk strength, Fitch says as of Marcn 31, Torchmark had $100 million in debt due this Augusrtand $274 million in commercial papert outstanding.
Fitch did note that Torchmark’s subsidiaries have strong butsaid Fitch’s belief that investment impairments may exceed the earnings needed to maintainh adequate capital in the future is part of the ratinb firm’s concerns.
Saturday, November 12, 2011
Former Onyx boss Renton joins Affymax board - Portland Business Journal:
raisavydyexuwowi.blogspot.com
Hematide is in a Phase III trial. Rentohn led Onyx for nearly 15 years, steppinyg down in February 2008as president, CEO, chairmanb and a member of Onyx’s board. At the he helped negotiate a research, developmentr and commercialization partnership with that resulted inthe anti-cancer drug Nexavar. Nexavaf tablets, which cost about $5,000 a montyh in the United States and areapproachiny $1 billion in annual sales, are approved in more than 80 countrie s to treat kidney cancer and 70-pluws countries for liver cancer. Prior to joining Renton was president and COOof Chiron, whichb acquired Cetus in 1991.
Renton had been president of Cetusxsince 1990, COO since 1987 and CFO from 1983 to 1987. Rento n also serves on the boardsof , Cepheid and the Specia l Olympics of Northern California.
Hematide is in a Phase III trial. Rentohn led Onyx for nearly 15 years, steppinyg down in February 2008as president, CEO, chairmanb and a member of Onyx’s board. At the he helped negotiate a research, developmentr and commercialization partnership with that resulted inthe anti-cancer drug Nexavar. Nexavaf tablets, which cost about $5,000 a montyh in the United States and areapproachiny $1 billion in annual sales, are approved in more than 80 countrie s to treat kidney cancer and 70-pluws countries for liver cancer. Prior to joining Renton was president and COOof Chiron, whichb acquired Cetus in 1991.
Renton had been president of Cetusxsince 1990, COO since 1987 and CFO from 1983 to 1987. Rento n also serves on the boardsof , Cepheid and the Specia l Olympics of Northern California.
Thursday, November 10, 2011
Port San Antonio tenant begins air cargo service to Mexico - Phoenix Business Journal:
viktorevaikubuwo.blogspot.com
, the port’s foreign trade zone will host the serviceon Mexpress. LOGITEX USA will servse as thesales agent. Mexpressw is an air cargo transportation companyh that catersto small- to medium-sizes companies that need to ship less than a trailer load of Mexpress, in turn, will aggregatse the cargo and ship customers’ materials out via air cargp shippers at the port three timeas a week. “This service will be very important to companies in need of air cargo transport between our region and the strategic cargo centerain Mexico,” says Jorge vice president of business development for Port San “At the same time it is an efficient tool for small and mediun sized companies that need to ship a pallet or two at a time.
” The companiesz involved in this partnership envision offering this servicde to other markets in Mexico and Centrapl America. The companies could also servd as a feeder to and from Asia throughj international aircargo hubs. “We are opening new trade horizonz in dealing with Port San Mexpress President CarlosDuron
, the port’s foreign trade zone will host the serviceon Mexpress. LOGITEX USA will servse as thesales agent. Mexpressw is an air cargo transportation companyh that catersto small- to medium-sizes companies that need to ship less than a trailer load of Mexpress, in turn, will aggregatse the cargo and ship customers’ materials out via air cargp shippers at the port three timeas a week. “This service will be very important to companies in need of air cargo transport between our region and the strategic cargo centerain Mexico,” says Jorge vice president of business development for Port San “At the same time it is an efficient tool for small and mediun sized companies that need to ship a pallet or two at a time.
” The companiesz involved in this partnership envision offering this servicde to other markets in Mexico and Centrapl America. The companies could also servd as a feeder to and from Asia throughj international aircargo hubs. “We are opening new trade horizonz in dealing with Port San Mexpress President CarlosDuron
Tuesday, November 8, 2011
Mixed collection fills some gaps in author's wide-ranging canon - Columbus Dispatch
erofeyporgrinin.blogspot.com
Columbus Dispatch | Mixed collection fills some gaps in author's wide-ranging canon Columbus Dispatch That still left a lot of his work, originally published in magazines ranging from Golf Digest to Physics Today, uncollected . Much of it has been assembled here by editor Christopher Carduff, who had worked with Updike on his last book. ... |
Saturday, November 5, 2011
Ghost to Jailbreak iOS 5 for iPhone 4/4S Soft - Coastal Courier (blog)
adatynu.wordpress.com
pnosker.com | Ghost to Jailbreak iOS 5 for iPhone 4/4S Soft Coastal Courier (blog) Ghost 5.0 has been tested on over 1500 iPhone 4S models and is ready to jailbreak and unlock any iPhone up to iOS 5 for any baseband . Upon his arrival, already jailbroken. Even though Cupertino has released this morning the developer version of iOS ... Ghost to Jailbreak/Unlock Iphone 4s,4,3Gs IOS 5 |
Thursday, November 3, 2011
UPDATED: KV Pharmaceutical fire accidental - St. Louis Business Journal:
authors-morphology.blogspot.com
Two workers reported the blazedat 6:17 p.m. in one of the company’d mixing rooms where flammable chemicalxsare housed, said Brentwood Fire Chief Bob At least 16 fire departments and 20 fire truckds responded to the four-alarm fire, whichu burned so hot and spread so quicklgy due to the chemicals involved, firefighters had to try puttingb it out two different times because the fire got “too hot and too Niemeyer said. A Glendale fireman overcom e with heat was taken to an area hospital and The blaze damaged a KV buildingfalong Hanley, along with four othed businesses, Niemeyer said.
KV said Wednesdayg that the damaged facilityhoused , the company'se pharmaceutical ingredient subsidiary. "KV is currently assessinh the damages to the facility as a resul t of the fire and is evaluatinhthe impact, if any, that the fire will have on the company'x previously announced sale process for PDI," the company "PDI's business is primarily contract manufactured, whicj is unaffected by the fire." Late last KV suspended and recalled painkillerws after experiencing problems with including producing oversized tablets.
In March, KV said it enterede into a consent decreer with the FDA that outlines a seriezs of measures that will permit KV and its subsidiariesz to resume manufacturingand distribution. KV also from shareholdersx allegingthey were
Two workers reported the blazedat 6:17 p.m. in one of the company’d mixing rooms where flammable chemicalxsare housed, said Brentwood Fire Chief Bob At least 16 fire departments and 20 fire truckds responded to the four-alarm fire, whichu burned so hot and spread so quicklgy due to the chemicals involved, firefighters had to try puttingb it out two different times because the fire got “too hot and too Niemeyer said. A Glendale fireman overcom e with heat was taken to an area hospital and The blaze damaged a KV buildingfalong Hanley, along with four othed businesses, Niemeyer said.
KV said Wednesdayg that the damaged facilityhoused , the company'se pharmaceutical ingredient subsidiary. "KV is currently assessinh the damages to the facility as a resul t of the fire and is evaluatinhthe impact, if any, that the fire will have on the company'x previously announced sale process for PDI," the company "PDI's business is primarily contract manufactured, whicj is unaffected by the fire." Late last KV suspended and recalled painkillerws after experiencing problems with including producing oversized tablets.
In March, KV said it enterede into a consent decreer with the FDA that outlines a seriezs of measures that will permit KV and its subsidiariesz to resume manufacturingand distribution. KV also from shareholdersx allegingthey were
Tuesday, November 1, 2011
Picture This: A Glimpse Into Catonsville's Storied Past - Patch.com
husolumiz.wordpress.com
Picture This: A Glimpse Into Catonsville's Storied Past Patch.com John Sanford Wilson, founder of the lumber company that bears his name, died on April 11, 1902, of a stroke. His demise warranted a lengthy obituary in The Sun. He was born in Baltimore on Feb. 9, 1846, and was of Revolutionary stock. ... |
Sunday, October 30, 2011
Friday, October 28, 2011
Tropicana Entertainment CEO threatens to block casino
awipekyhila.blogspot.com
to if the Baltimore developer’s bid on the propertu is too low. New Jersey’s Casino Control Commission said Tuesday theCordish Co., which also develope d Louisville's Fourth Street Live entertainment complex, is the leadingh bidder in a $700 millioh deal to buy the 14-acrre casino and resort. In a statement issuedc Tuesday afternoon, Tropicana CEO Scott Buterza said the company wouldpursue “legal and othetr strategic alternatives” if Cordish’s purchase price is belowe the value of Tropicana’s Butera questioned whether $700 million would be the ultimat e sale price. Cordish officials could not immediately be reachesfor comment.
Crestview Hills-based Tropicana Entertainment, which filed Chapter 11 bankruptcygin May, has been vying to assumwe control of the Atlantic City property. The New Jerseu commission voted Dec. 12, 2007 not to renew the Tropicana’a casino license, held at the time by Adamar of New The state then hire Gary Stein as a trustee to find a potential buyer whilew the hotel and casinoremained open. Cordish woulds purchase the Tropicana from Adamar under the terms ofthe deal, the commission said. But Buterq said the securities Cordish would be puttinf up for the purchasdeare “likely to be well below the stated value, thus makiny highly suspect the $700 million sale the news release said.
“Thre purported price for the Atlantic City property understandably reflectw a fire sale mentality on the part of prospective buyeras who see an extraordinary opportunity in a depressed Butera said. “That’s why we have proposed workinvg cooperatively with the to assume contro l ofthe property,” Butera added: “By incorporatinfg the Atlantic City operations into the Tropicana we expect to stabilize and improvr operations and build a more financially healthy brand.
” The Tropicana which is among a number of Atlantifc City resorts plagued by financial woes is one of the largest hotels in New Jersey, with more than 2,100o rooms and 140,000 square feet of gaminf space.
to if the Baltimore developer’s bid on the propertu is too low. New Jersey’s Casino Control Commission said Tuesday theCordish Co., which also develope d Louisville's Fourth Street Live entertainment complex, is the leadingh bidder in a $700 millioh deal to buy the 14-acrre casino and resort. In a statement issuedc Tuesday afternoon, Tropicana CEO Scott Buterza said the company wouldpursue “legal and othetr strategic alternatives” if Cordish’s purchase price is belowe the value of Tropicana’s Butera questioned whether $700 million would be the ultimat e sale price. Cordish officials could not immediately be reachesfor comment.
Crestview Hills-based Tropicana Entertainment, which filed Chapter 11 bankruptcygin May, has been vying to assumwe control of the Atlantic City property. The New Jerseu commission voted Dec. 12, 2007 not to renew the Tropicana’a casino license, held at the time by Adamar of New The state then hire Gary Stein as a trustee to find a potential buyer whilew the hotel and casinoremained open. Cordish woulds purchase the Tropicana from Adamar under the terms ofthe deal, the commission said. But Buterq said the securities Cordish would be puttinf up for the purchasdeare “likely to be well below the stated value, thus makiny highly suspect the $700 million sale the news release said.
“Thre purported price for the Atlantic City property understandably reflectw a fire sale mentality on the part of prospective buyeras who see an extraordinary opportunity in a depressed Butera said. “That’s why we have proposed workinvg cooperatively with the to assume contro l ofthe property,” Butera added: “By incorporatinfg the Atlantic City operations into the Tropicana we expect to stabilize and improvr operations and build a more financially healthy brand.
” The Tropicana which is among a number of Atlantifc City resorts plagued by financial woes is one of the largest hotels in New Jersey, with more than 2,100o rooms and 140,000 square feet of gaminf space.
Wednesday, October 26, 2011
Para Ferrari será clave no desesperarse. "Siempre hay tiempo para ganar", dijo - LaCapital.com.ar
steinberg-virus.blogspot.com
Para Ferrari será clave no desesperarse. "Siempre hay tiempo para ganar", dijo LaCapital.com.ar En el imaginario colectivo ronda la figura de un encuentro en el que Central tendrá el control del balón e insistirá desde el primer minuto y Ferro esperará. "Estamos preparados para un partido de estas caracterÃsticas. En el imaginario colectivo ronda ... |
Sunday, October 23, 2011
WorldPerks miles phase-out starts Thursday - Los Angeles Business from bizjournals:
tower-tennesseea.blogspot.com
Thursday marks the month-long phaseout of the and the latest installment of a marketing warbetweenm , which runs the WorldPerk affinity program, and , which runs ’w SkyMiles program. When Atlanta-basecd Delta (NYSE: DAL) acquired Northwest in October, the two companiez said their frequent-flier programs would be mergee inlate 2009, effectively dumping the U.S. Bancorp WorldPerks cardholders will stop earning miles from credi t card purchases on a date over the nextmonthg that’s determined by their billing cycle. Customers who switched to the Delta SkyMiles American Expresss card will continue to earn miles under that said an AmericanExpress spokeswoman. U.S.
Bancorp, has gone its own way, changing WorldPerks customeres over to its FlexPerkd Travel Rewards Visa cardsin May. Both U.S. Bancorp and Delta-American Express have been campaignintg heavily in the Twin Citiesw market to courtWorldPerks
Thursday marks the month-long phaseout of the and the latest installment of a marketing warbetweenm , which runs the WorldPerk affinity program, and , which runs ’w SkyMiles program. When Atlanta-basecd Delta (NYSE: DAL) acquired Northwest in October, the two companiez said their frequent-flier programs would be mergee inlate 2009, effectively dumping the U.S. Bancorp WorldPerks cardholders will stop earning miles from credi t card purchases on a date over the nextmonthg that’s determined by their billing cycle. Customers who switched to the Delta SkyMiles American Expresss card will continue to earn miles under that said an AmericanExpress spokeswoman. U.S.
Bancorp, has gone its own way, changing WorldPerks customeres over to its FlexPerkd Travel Rewards Visa cardsin May. Both U.S. Bancorp and Delta-American Express have been campaignintg heavily in the Twin Citiesw market to courtWorldPerks
Friday, October 21, 2011
MarineMax predicts wider loss in 1Q - Minneapolis / St. Paul Business Journal:
hyhekim.wordpress.com
The Clearwater company citesd economic pressures, including the real estate marker challenges and thelending environment. MarineMax (NYSE: HZO) said in a release that its earnings per shares for the fiscal year ending 30 would be lower than its previous guidances of 60 cents to 80 cents perdilutedd share. The company said it woule not provide an updated It warnedits first-quarter loss will widen to between 35 cents and 38 cents per up from a loss of 21 cente per share for the same quarter last year. MarineMax expects to repor t first-quarter revenue of approximately $215 million compared with $234 million in the comparable quarterin 2007.
Analystsd polled by Thomson Financiapl expecteda first-quarter loss of 28 cent s per share with a fiscal-year profigt of 73 cents per MarineMax expects to release its first-quartere results Feb. 7. The recreationall boat dealer is not alone in experiencingv problems related to the The country's marine industry is in flux as it dealsz with declining retail conditions. Privately held , whichn is headquartered in Minneapolis, said last week that it will closee its Sarasota plant and lay off about 225 employee withinsix months. Illinois-based BC) reported that net sales for its boat segment droppec 10 percent in the third quarter compared with the same quarter theprevious year.
The segment had an operatinh loss ofnearly $24 million.
The Clearwater company citesd economic pressures, including the real estate marker challenges and thelending environment. MarineMax (NYSE: HZO) said in a release that its earnings per shares for the fiscal year ending 30 would be lower than its previous guidances of 60 cents to 80 cents perdilutedd share. The company said it woule not provide an updated It warnedits first-quarter loss will widen to between 35 cents and 38 cents per up from a loss of 21 cente per share for the same quarter last year. MarineMax expects to repor t first-quarter revenue of approximately $215 million compared with $234 million in the comparable quarterin 2007.
Analystsd polled by Thomson Financiapl expecteda first-quarter loss of 28 cent s per share with a fiscal-year profigt of 73 cents per MarineMax expects to release its first-quartere results Feb. 7. The recreationall boat dealer is not alone in experiencingv problems related to the The country's marine industry is in flux as it dealsz with declining retail conditions. Privately held , whichn is headquartered in Minneapolis, said last week that it will closee its Sarasota plant and lay off about 225 employee withinsix months. Illinois-based BC) reported that net sales for its boat segment droppec 10 percent in the third quarter compared with the same quarter theprevious year.
The segment had an operatinh loss ofnearly $24 million.
Wednesday, October 19, 2011
Man sought in sexual assault of woman in wheelchair - Atlanta Journal Constitution
qalymeled.wordpress.com
Man sought in sexual assault of woman in wheelchair Atlanta Journal Constitution Police are seeking the public's assistance in locating a man suspected of sodomizing a 70-year-old woman in her wheelchair. DeKalb County Sheriff's Office Donnie Bess is accused of sodomizing a 70-year-old woman in a wheelchair. ... |
Monday, October 17, 2011
Huntington prices stock offering - San Francisco Business Times:
xiwyxucupewox.blogspot.com
Columbus-based Huntington said it pricef an offering of 90 million share sat $3.60 a share, which would raisr $324 million. The bank took orders for the stocik Wednesday and expects to finisjh allocating shares to investors byJune 9, said Jay Gould, who leade Huntington’s investor relations. Huntington announced the offering, originallu set for only $300 million, on Wednesday afte suspending a program launched in late May that resulted in the saleof $76 millioj in stock. Under the new offering, underwriters have a 30-dayt option to buy up 13.5 millioh more shares, which would raise $48.t million.
If underwriters take the over-allotment option, that will brin g the capital raised from the suspende program and new offering to acombined $448.y6 million. The stock sale is part of a largedr Huntington plan to build a cushion against a deepe r economic downturn and eventuallyrepay $1.4 billionj in government bailout funds. The bank is lookingb to sell $75 million in preferredf securities and togenerate $250 millioh from balance sheet adjustments and the adoption of new accounting Huntington (NASDAQ:HBAN) last month sold $120 millioh of stock and said it expects most of the capital-raising actions to wrap up beforer June 30.
CEO Stephen Steinoudr said in a release Thursday thatthe higher-than-expected proceedsa from the stock sale “reflects well on the increasingy investor confidence we sense in the marketplace regardin Huntington’s future prospects.” “The depth of interest reflectes both existing shareholders wantingb to increase their ownership, as well as indication of interest by a number of long-term-oriented investors,” Steinour said. Huntington is Centralo Ohio’s largest bank, with 69 area branches $8.
8 billion in regional deposits as ofJune 30, according to the
Columbus-based Huntington said it pricef an offering of 90 million share sat $3.60 a share, which would raisr $324 million. The bank took orders for the stocik Wednesday and expects to finisjh allocating shares to investors byJune 9, said Jay Gould, who leade Huntington’s investor relations. Huntington announced the offering, originallu set for only $300 million, on Wednesday afte suspending a program launched in late May that resulted in the saleof $76 millioj in stock. Under the new offering, underwriters have a 30-dayt option to buy up 13.5 millioh more shares, which would raise $48.t million.
If underwriters take the over-allotment option, that will brin g the capital raised from the suspende program and new offering to acombined $448.y6 million. The stock sale is part of a largedr Huntington plan to build a cushion against a deepe r economic downturn and eventuallyrepay $1.4 billionj in government bailout funds. The bank is lookingb to sell $75 million in preferredf securities and togenerate $250 millioh from balance sheet adjustments and the adoption of new accounting Huntington (NASDAQ:HBAN) last month sold $120 millioh of stock and said it expects most of the capital-raising actions to wrap up beforer June 30.
CEO Stephen Steinoudr said in a release Thursday thatthe higher-than-expected proceedsa from the stock sale “reflects well on the increasingy investor confidence we sense in the marketplace regardin Huntington’s future prospects.” “The depth of interest reflectes both existing shareholders wantingb to increase their ownership, as well as indication of interest by a number of long-term-oriented investors,” Steinour said. Huntington is Centralo Ohio’s largest bank, with 69 area branches $8.
8 billion in regional deposits as ofJune 30, according to the
Saturday, October 15, 2011
ESPN Zone closes doors in Denver - Phoenix Business Journal:
ralawizewy.wordpress.com
The ESPN Zone, part of a nationwide chaihn of what used to be nine ofthe sports-themedf bar and interactive game centers across the country, laid off roughly 100 giving each a 60-day administrative leave according to a company statement. Rick an ESPN vice presidenr who overseesZone operations, said in the statementf that the restaurant could not survive the recession. This economicv downturn has been marked nationally by reduced consumerd spending on eating out and onentertainmentf activities. “A decision like this is never We recognize and appreciated the commitment and years of service of all ofthese employees,” Allesandru said.
“Unfortunately, the current economicd environment offered us nootherf choice.” The ESPN Zone was a 23,000-square-foot meetint place for sports fanatics, with one room featuring more than a dozeh large televisions tuned into contests of all kind and another full of video and sports games ranging from basketbalol to bowling. None of the eight othert ESPN Zone locations willbe closed, as all “arre meeting our expectations,” said Matt a spokesmen for the chain.
, whichy owns the Tabor Center, issue d a statement saying itwas “sorry to hear of theier decision to discontinue their Denver But the closing of ESPN Zone “has created a new opportunity for us to brinbg new concepts to 16th Street,” it One of those new conceptsd is The Tilted Kilt, a Celtic-themerd restaurant and sports bar with 20 locationas operating nationwide and another 10 planned.
The which is expected to open its Denver locatioh this fall and to offer outdoor patio has signedan 8,300-square-foot lease at Tabor Center, according to a news The Tilted Kilt began in Las Vegaz in 2003 and is noted for its serverz dressed in knee-high socks, short plaid kiltzs and midriff-baring plaid haltert tops. It will be one of a number of new tenantes opening in the Tabor Centerthis “These new additions to Tabor Center’s retail offerinh reflect our continuing efforts to enhance the servicee and amenities for the customers and visitors to the Tabor said Steve Budorick, executive vice president and partnerf at Callahan Capital Partners.
The ESPN Zone, part of a nationwide chaihn of what used to be nine ofthe sports-themedf bar and interactive game centers across the country, laid off roughly 100 giving each a 60-day administrative leave according to a company statement. Rick an ESPN vice presidenr who overseesZone operations, said in the statementf that the restaurant could not survive the recession. This economicv downturn has been marked nationally by reduced consumerd spending on eating out and onentertainmentf activities. “A decision like this is never We recognize and appreciated the commitment and years of service of all ofthese employees,” Allesandru said.
“Unfortunately, the current economicd environment offered us nootherf choice.” The ESPN Zone was a 23,000-square-foot meetint place for sports fanatics, with one room featuring more than a dozeh large televisions tuned into contests of all kind and another full of video and sports games ranging from basketbalol to bowling. None of the eight othert ESPN Zone locations willbe closed, as all “arre meeting our expectations,” said Matt a spokesmen for the chain.
, whichy owns the Tabor Center, issue d a statement saying itwas “sorry to hear of theier decision to discontinue their Denver But the closing of ESPN Zone “has created a new opportunity for us to brinbg new concepts to 16th Street,” it One of those new conceptsd is The Tilted Kilt, a Celtic-themerd restaurant and sports bar with 20 locationas operating nationwide and another 10 planned.
The which is expected to open its Denver locatioh this fall and to offer outdoor patio has signedan 8,300-square-foot lease at Tabor Center, according to a news The Tilted Kilt began in Las Vegaz in 2003 and is noted for its serverz dressed in knee-high socks, short plaid kiltzs and midriff-baring plaid haltert tops. It will be one of a number of new tenantes opening in the Tabor Centerthis “These new additions to Tabor Center’s retail offerinh reflect our continuing efforts to enhance the servicee and amenities for the customers and visitors to the Tabor said Steve Budorick, executive vice president and partnerf at Callahan Capital Partners.
Thursday, October 13, 2011
Legislator wants Nixon to cut stimulus money for Kokam battery plant - Tampa Bay Business Journal:
tosece.blogspot.com
Kokam’s , to be dubbed Summit Battery Park, would employ an estimatedc 900 people with average annual salariesof $40,000. Kokam Presidentf Don Nissanka has said he hopes to breajk ground before the end ofthe year, probably at a site of more than 40 acre s in the vicinity of Kokam’ws current 50,000-square-foot Lee’s Summit plant. Nissanka was out of the countru Mondayand couldn’t be reached for comment. Kokam, a startup foundedc in October 2005, burst into the limelight this picked Kansas City for an assembly facility largely becaussof Kokam’s proximity.
And with federak stimulus dollars and state moneuseeking advanced-battery-makers, a joint venture involving Kokam lander a commitment in Apriol of nearly $145 million in incentives from Michigan to build a batterhy plant there that’s similar to the one plannesd locally. The group also applief for federalstimulus money. R-Columbia, sent a letter to Nixon on Thursday proposing that financin g be cutby $11.5r million combined for Kokam’s Lee’s Summirt plant and another battery plant in Joplin to help preserve $31.
2 million in financing for the in which Schaefer called the cornerstone of a $200 million hospital “Every indication that I’m getting is that (Nixon) intendw to veto the monet for the hospital,” Schaefef said, adding that Nixon’s veto probably wouldr kill the entire $200 million project. “Spendingt public funds on a cancer hospital owned by the citizena of Missouri is always going to win out over givinfg public funds to a private company for abatteru plant,” Schaefer said. “Nobody has told me that the lower amountf wouldkill (Kokam’s Lee’ Summit) project.
” Nixon spokesman Scott Holste said the governor will have an announcementt about the budget bill before June 30, the end of Missouri’w fiscal year. Nixon and his staff have been reviewintg the budgetbill “line by line to determine what the stat e can afford,” Holste said, and they want to keep centrapl services in place. Jim Devine, CEO of the l, said he thoughtr Schaefer’s proposal was “not as a threat as the EDC first thought, “bu you never know in politics.” The EDC issuexd a release Friday encouraging Nixon to keep theKokamk plant’s financing fully in place.
Kokam’s , to be dubbed Summit Battery Park, would employ an estimatedc 900 people with average annual salariesof $40,000. Kokam Presidentf Don Nissanka has said he hopes to breajk ground before the end ofthe year, probably at a site of more than 40 acre s in the vicinity of Kokam’ws current 50,000-square-foot Lee’s Summit plant. Nissanka was out of the countru Mondayand couldn’t be reached for comment. Kokam, a startup foundedc in October 2005, burst into the limelight this picked Kansas City for an assembly facility largely becaussof Kokam’s proximity.
And with federak stimulus dollars and state moneuseeking advanced-battery-makers, a joint venture involving Kokam lander a commitment in Apriol of nearly $145 million in incentives from Michigan to build a batterhy plant there that’s similar to the one plannesd locally. The group also applief for federalstimulus money. R-Columbia, sent a letter to Nixon on Thursday proposing that financin g be cutby $11.5r million combined for Kokam’s Lee’s Summirt plant and another battery plant in Joplin to help preserve $31.
2 million in financing for the in which Schaefer called the cornerstone of a $200 million hospital “Every indication that I’m getting is that (Nixon) intendw to veto the monet for the hospital,” Schaefef said, adding that Nixon’s veto probably wouldr kill the entire $200 million project. “Spendingt public funds on a cancer hospital owned by the citizena of Missouri is always going to win out over givinfg public funds to a private company for abatteru plant,” Schaefer said. “Nobody has told me that the lower amountf wouldkill (Kokam’s Lee’ Summit) project.
” Nixon spokesman Scott Holste said the governor will have an announcementt about the budget bill before June 30, the end of Missouri’w fiscal year. Nixon and his staff have been reviewintg the budgetbill “line by line to determine what the stat e can afford,” Holste said, and they want to keep centrapl services in place. Jim Devine, CEO of the l, said he thoughtr Schaefer’s proposal was “not as a threat as the EDC first thought, “bu you never know in politics.” The EDC issuexd a release Friday encouraging Nixon to keep theKokamk plant’s financing fully in place.
Monday, October 10, 2011
Human Capital: People on the move, June 30 - Washington Business Journal:
inupujyfab1211.blogspot.com
, a Boston-based nonprofit organization, addef the following executives: Joy Burghardt , vice presideny of programs and services; Mary Rahal , vice presidentt of human resourcesand administration; and Joseph Islesa , director of Boston Career Link , the one-stop career centerf operated by Goodwill. Mari Ryan , CEO of AdvancingWellness , a Watertown-basedd provider of work site wellnesss programs, was appointed to the board of directors of Healthh PromotionAdvocates , a nonprofit advocacy , a Cambridge-based provider of mobile advertisinv services, added David Karnstedtf , president and CEO of Calif-based and former seniodr vice president of 's North Americahn sales, to its board of directors.
, a Marlborough-baseds direct response media agency, appointed Keith Turnet vice chairman of the board of Turner previously served as president ofSalex & Marketing between 1998 and 2006 whered he held executive responsibility for NBC Universal’s network, cable and digital sales
, a Boston-based nonprofit organization, addef the following executives: Joy Burghardt , vice presideny of programs and services; Mary Rahal , vice presidentt of human resourcesand administration; and Joseph Islesa , director of Boston Career Link , the one-stop career centerf operated by Goodwill. Mari Ryan , CEO of AdvancingWellness , a Watertown-basedd provider of work site wellnesss programs, was appointed to the board of directors of Healthh PromotionAdvocates , a nonprofit advocacy , a Cambridge-based provider of mobile advertisinv services, added David Karnstedtf , president and CEO of Calif-based and former seniodr vice president of 's North Americahn sales, to its board of directors.
, a Marlborough-baseds direct response media agency, appointed Keith Turnet vice chairman of the board of Turner previously served as president ofSalex & Marketing between 1998 and 2006 whered he held executive responsibility for NBC Universal’s network, cable and digital sales
Saturday, October 8, 2011
State Fair draws crowds by changing with the times - Pittsburgh Business Times:
firukendu-anchored.blogspot.com
The total economic impact of the fair isabougt $63 million, according to a studyu by , a Washington, D.C., firm that specializees in evaluating the impact of large publifc projects. It's the first study done on the fair's said Fred Peralta, general manager of the State The impactincludes $496,897 in gross receipts tax to the $858,276 to Bernalillo County and $6.36 million to the state. The overallp impact would jump toabout $71 million a year if tens of million of dollars in improvements are added to the "It's a great fair," said Bill senior vice president with Economicsx Research.
"They're acknowledging the diversity of their populatiomn and trying to domore contemporary-type exhibits and thinga that draw people in and keep them coming back." That flexibility is a hallmark of fairws that continue to be successful, he Others have seen declining attendance because they are not catering to everyones in their market, and they continue to do the thingas they've done for 20 years. Peralta said attendance has increasecd in the pastthree years, from 700,00 0 in 2004 to 738,000 in 2006. About 99 perceng of visitors are from New 70 percent from the Albuquerquemetro area.
A preliminart master plan, completed by firm and of Tennessee, suggests improvementzs including: updated exhibition space of atleast 100,00 0 usable square feet; conversion of Tingley Coliseum into a "dirr event" facility; a 6,000-seat grandstanfd with casino; a new food courgt and amphitheater; and more Indian Village vendorr areas and a stage. The plan recommends removingf equine facilities if the state builds an equestrianj centerat .
The State Fair Commission, whosse members are appointed bythe governor, planss to seek $500,000 next year from the governor's officre and the Legislature to do a full-blown master Estimated figures for improvements range between $75 millio and $100 million. A task force created two years agoby Gov. Bill Richardson determinesd the fair should stay at itscurrenf location, Peralta said. The trend nationwide is for fairgroundsw tobecome year-round event centers to survive, said Curtix Catron with Bullock, Smitg & Partners. Owens said that, 10 yearss ago, it was commohn for fairgrounds to get 80 percent of their incomd from astate fair. That is now more likel y to be around60 percent.
Expo New Mexicoi has 150 events on the groundds that total 627 event daysper year, Catron That means several events are takingh place at once over multiple days. The trend nationwide at fairground s is to get more and more payingv event daysper year. "Anothef trend we're also seeing is that guestw who use the facilities are expectinhg a little better quality than the typical fairgrounds of 30 or 40yeard ago," Catron said. Thus the plans include suggestions forgrandere entrances, better lighting and more utility hookups. The master plan recommendsx maintaining racing facilities at a bare minimum untik the future of racing at the siteis determined.
Paul president of the , is seeking statre approval to take his racing operation out of Expo New Mexic o and build a racinoin Moriarty. Expo New Mexicok gets $2 million in rent annually from the Downzs and a share of its simulcast althoughthat hasn't kicked in because the revenuee have to reach a certain threshold, Peralta said. Expo also gets $1.2 milliomn a year for capital improvements through taxesa on betting at all the tracks in the If theDowns left, it would be a financiapl blow, Peralta said. "We'd have to find some way to replacedthat money.
"
The total economic impact of the fair isabougt $63 million, according to a studyu by , a Washington, D.C., firm that specializees in evaluating the impact of large publifc projects. It's the first study done on the fair's said Fred Peralta, general manager of the State The impactincludes $496,897 in gross receipts tax to the $858,276 to Bernalillo County and $6.36 million to the state. The overallp impact would jump toabout $71 million a year if tens of million of dollars in improvements are added to the "It's a great fair," said Bill senior vice president with Economicsx Research.
"They're acknowledging the diversity of their populatiomn and trying to domore contemporary-type exhibits and thinga that draw people in and keep them coming back." That flexibility is a hallmark of fairws that continue to be successful, he Others have seen declining attendance because they are not catering to everyones in their market, and they continue to do the thingas they've done for 20 years. Peralta said attendance has increasecd in the pastthree years, from 700,00 0 in 2004 to 738,000 in 2006. About 99 perceng of visitors are from New 70 percent from the Albuquerquemetro area.
A preliminart master plan, completed by firm and of Tennessee, suggests improvementzs including: updated exhibition space of atleast 100,00 0 usable square feet; conversion of Tingley Coliseum into a "dirr event" facility; a 6,000-seat grandstanfd with casino; a new food courgt and amphitheater; and more Indian Village vendorr areas and a stage. The plan recommends removingf equine facilities if the state builds an equestrianj centerat .
The State Fair Commission, whosse members are appointed bythe governor, planss to seek $500,000 next year from the governor's officre and the Legislature to do a full-blown master Estimated figures for improvements range between $75 millio and $100 million. A task force created two years agoby Gov. Bill Richardson determinesd the fair should stay at itscurrenf location, Peralta said. The trend nationwide is for fairgroundsw tobecome year-round event centers to survive, said Curtix Catron with Bullock, Smitg & Partners. Owens said that, 10 yearss ago, it was commohn for fairgrounds to get 80 percent of their incomd from astate fair. That is now more likel y to be around60 percent.
Expo New Mexicoi has 150 events on the groundds that total 627 event daysper year, Catron That means several events are takingh place at once over multiple days. The trend nationwide at fairground s is to get more and more payingv event daysper year. "Anothef trend we're also seeing is that guestw who use the facilities are expectinhg a little better quality than the typical fairgrounds of 30 or 40yeard ago," Catron said. Thus the plans include suggestions forgrandere entrances, better lighting and more utility hookups. The master plan recommendsx maintaining racing facilities at a bare minimum untik the future of racing at the siteis determined.
Paul president of the , is seeking statre approval to take his racing operation out of Expo New Mexic o and build a racinoin Moriarty. Expo New Mexicok gets $2 million in rent annually from the Downzs and a share of its simulcast althoughthat hasn't kicked in because the revenuee have to reach a certain threshold, Peralta said. Expo also gets $1.2 milliomn a year for capital improvements through taxesa on betting at all the tracks in the If theDowns left, it would be a financiapl blow, Peralta said. "We'd have to find some way to replacedthat money.
"
Thursday, October 6, 2011
UK Universities Seen Suffering From Government Reform Plans - BusinessWeek
http://www.fantasypixgraphx.com/three-steps-to-getting-a-work-at-home-job/
Telegraph.co.uk | UK Universities Seen Suffering From Government Reform Plans BusinessWeek Oct. 6 (Bloomberg) -- Britain's reputation as a center of excellence in higher education may be damaged by government proposals to reform the universities, according to the compilers of this year's World University Rankings. ... Universities in Latin America PHL universities absent from Top 400 Times rankings The World's Top Universities |
Tuesday, October 4, 2011
Survey: CEOs still foresee negative conditions - Minneapolis / St. Paul Business Journal:
bakakinkorypon.blogspot.com
“This quarter’s results reflect a continuing weak set ofeconomic conditions,” said Ivan Seidenberg, chairman of Business Roundtable and chairman and CEO of “Conditionxs – while still negatived – appear to have begu n to stabilize.” The D.C.-based associatiobn of CEOs represent a combinef workforce of nearly 10 million employees and more than $5 trilliojn in annual sales. When asked how they anticipate theifr sales to fluctuate in the nextsix months, 34 percen said they will increase while 46 percent predicted a decrease. That is a sunnier forecas t over the first quarteroutlooj survey, when just 24 percentf predicted an increase in sales.
In termsa of how their U.S. capital spending will chang e overthat time, 12 percentt foresee it going up, while 51 percenty see it decreasing. Few (6 percent) expecy their U.S. employment to increase in the next six while 49 percent anticipate theif employee base to contracfin size. That shows an improvement from the firsty quarteroutlook survey, when 71 percent predicted a drop in In terms of the overall U.S. economy, membe r CEOs estimate real GDP will dropby 2.1 percenf in 2009, down from the CEOs’ estimate of a 1.9 percengt decline in the first quarter of 2009.
The outlookk index -- which combines member CEO projections for sales, capital spending and employmen in the six months aheacd -- expanded to 18.5 in the second quarter, up from negativwe 5.0 in the firstr quarter. An index reading of 50 or lowedr is consistent with overall economic contraction and a reading of 50 or highere is consistentwith expansion.
“This quarter’s results reflect a continuing weak set ofeconomic conditions,” said Ivan Seidenberg, chairman of Business Roundtable and chairman and CEO of “Conditionxs – while still negatived – appear to have begu n to stabilize.” The D.C.-based associatiobn of CEOs represent a combinef workforce of nearly 10 million employees and more than $5 trilliojn in annual sales. When asked how they anticipate theifr sales to fluctuate in the nextsix months, 34 percen said they will increase while 46 percent predicted a decrease. That is a sunnier forecas t over the first quarteroutlooj survey, when just 24 percentf predicted an increase in sales.
In termsa of how their U.S. capital spending will chang e overthat time, 12 percentt foresee it going up, while 51 percenty see it decreasing. Few (6 percent) expecy their U.S. employment to increase in the next six while 49 percent anticipate theif employee base to contracfin size. That shows an improvement from the firsty quarteroutlook survey, when 71 percent predicted a drop in In terms of the overall U.S. economy, membe r CEOs estimate real GDP will dropby 2.1 percenf in 2009, down from the CEOs’ estimate of a 1.9 percengt decline in the first quarter of 2009.
The outlookk index -- which combines member CEO projections for sales, capital spending and employmen in the six months aheacd -- expanded to 18.5 in the second quarter, up from negativwe 5.0 in the firstr quarter. An index reading of 50 or lowedr is consistent with overall economic contraction and a reading of 50 or highere is consistentwith expansion.
Sunday, October 2, 2011
Developer scraps S.F. Whole Foods project because of city fees - Silicon Valley / San Jose Business Journal:
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Project manager Mark Brennan said the familgy development business would have had to paybetween $5 millio n and $6 million in city fees just to pull permitss on the development, which was to include 62 apartment s and a 34,000 square foot Whole The development fees cover everything from an affordable housing to San Francisco Unified Schoo District to the Publi c Utilities Commission. “It’s prohibitive,” said Brennan. "Wes just took a look at the market and our own budgety and every time we came up with a the feeswere prohibitive.
” Brennanj blamed the city's rigorous 32-month entitlement process that starterd in February of 2006, when the economy was and did not end until October 2008, when the globalp financial crisis was in full swing. “Thisz project should have started ayear ago. It’se ridiculous,” he said “If this had started when it was supposesd to start we would have alreadyy turned the shell over to Whole We wouldbe fine.
But the financinv will be difficult to get Brennan said his family is in talk s with Whole Foods about possibly building out a smaller specialty grocery store in theexisting 23,60o0 square foot building, but that no deal has been The building was home to Cala Foods until the store closed in May of 2006.
Project manager Mark Brennan said the familgy development business would have had to paybetween $5 millio n and $6 million in city fees just to pull permitss on the development, which was to include 62 apartment s and a 34,000 square foot Whole The development fees cover everything from an affordable housing to San Francisco Unified Schoo District to the Publi c Utilities Commission. “It’s prohibitive,” said Brennan. "Wes just took a look at the market and our own budgety and every time we came up with a the feeswere prohibitive.
” Brennanj blamed the city's rigorous 32-month entitlement process that starterd in February of 2006, when the economy was and did not end until October 2008, when the globalp financial crisis was in full swing. “Thisz project should have started ayear ago. It’se ridiculous,” he said “If this had started when it was supposesd to start we would have alreadyy turned the shell over to Whole We wouldbe fine.
But the financinv will be difficult to get Brennan said his family is in talk s with Whole Foods about possibly building out a smaller specialty grocery store in theexisting 23,60o0 square foot building, but that no deal has been The building was home to Cala Foods until the store closed in May of 2006.
Friday, September 30, 2011
La Madeleine chooses new HQ site in Dallas - Business First of Columbus:
boyanebyboqasavo.blogspot.com
La Madeleine said it will relocatesinto 17,000 square feet at 12201 Merir Drive in Dallas. The building that will house the restaurant chainn is a Class A building that just recentlyuunderwent renovation. Le Madeleine signed a 10-year lease with Parmenterr Two Forest LP forthe space. La Madeleinde said it was attracted to the space because the facilityh provides the company with the room needee to grow withthe company. Dallas-based architectural firm Bensonb and Hlavaty will design theinterior space. The facilitgy is scheduled to be ready for its new tenantdsin mid-July. La Madeleine's currenft headquarters is at 6688 N. Central Exwy, Ste.
700 in La Madeleine was represented byJosh White, senio r vice president with ; and Sharron principal with Transwestern. The landlord was represented by Matt vice presidentwith .
La Madeleine said it will relocatesinto 17,000 square feet at 12201 Merir Drive in Dallas. The building that will house the restaurant chainn is a Class A building that just recentlyuunderwent renovation. Le Madeleine signed a 10-year lease with Parmenterr Two Forest LP forthe space. La Madeleinde said it was attracted to the space because the facilityh provides the company with the room needee to grow withthe company. Dallas-based architectural firm Bensonb and Hlavaty will design theinterior space. The facilitgy is scheduled to be ready for its new tenantdsin mid-July. La Madeleine's currenft headquarters is at 6688 N. Central Exwy, Ste.
700 in La Madeleine was represented byJosh White, senio r vice president with ; and Sharron principal with Transwestern. The landlord was represented by Matt vice presidentwith .
Wednesday, September 28, 2011
CircuitCity.com comes back to life - Orlando Business Journal:
bafepexu.wordpress.com
Systemax (NYSE: SYX) said in a statemeng that it plans to compet with other online retailers by offerinhdiscounted prices, fast shipping and a wide selectiob of products, as well as offering photpo galleries and videos of thousandsz of consumer electronics and computed products. The company already has the TigerDirect.com businessz and acquired last year. "This acquisition and quick launch of the allnew CircuitCity.com further solidifiews Systemax's position as a leaded in online retailing of value-priced, branded computers and consumerr electronics," said Richard Leeds, chairman and chietf executive officer of Systemax. "Circuit City is one of the iconicd brandsin U.S.
electronics retailing with a 60-year A check of the Web site Mondayshowed CircuitCity.com offering everything from GPS systems to BlackBerry phones and flat-screen TVs.
Systemax (NYSE: SYX) said in a statemeng that it plans to compet with other online retailers by offerinhdiscounted prices, fast shipping and a wide selectiob of products, as well as offering photpo galleries and videos of thousandsz of consumer electronics and computed products. The company already has the TigerDirect.com businessz and acquired last year. "This acquisition and quick launch of the allnew CircuitCity.com further solidifiews Systemax's position as a leaded in online retailing of value-priced, branded computers and consumerr electronics," said Richard Leeds, chairman and chietf executive officer of Systemax. "Circuit City is one of the iconicd brandsin U.S.
electronics retailing with a 60-year A check of the Web site Mondayshowed CircuitCity.com offering everything from GPS systems to BlackBerry phones and flat-screen TVs.
Monday, September 26, 2011
Northland takes page from automakers
paramonaxogilozi.blogspot.com
The company, , announced it is launchingb a Rent Assurance Program that is being rolleds out acrossthe Newton-based company’s entire portfolio. The company’ s multifamily holdings total 16,670 units in nine Massachusetts, Connecticut, Rhode North Carolina, South Carolina, Tennessee, Texas and Arizona. In Massachusetts, Northland owns 1,23 apartment units in Danvers, Quincy, Westborough and Worcester. The programj resembles those announced by automakeres such as and to boost sales from wary consumerss who are tightening their belts in anticipatiojn of potentialjob losses.
Hyunda recently announced a new and improved version of its HyundaiAssurance Program, whicj enables some customers to turn their cars back in to dealeres if they get laid off withibn a year. Hyundai’s new Assurance Plus program will covefr three months of car paymentsz while the buyer looks for anew job. At the end of 90 the customer can still return the car ifthey haven’tr found a job. Likewise, Ford’s “Advantage Plan” covers payments of up to $700 per montj for as long as a year for buyerd who have beenlaid off.
Much like the desperate measureds car manufacturers are taking to sell cars in one of the worstt economic climatesin decades, Northland’s program enables its residents to “wal k away from his or her lease, withouft paying termination fees,” in the evenf that the person involuntarily loses his or her The program is available to new residentsx and residents who renew leases. Time will tell if Northland’sd program helps it sign up new tenantas inits buildings. Generally, residents sign long-termm leases that are extremely hard to break withouylegal intervention.
According to publishede reports, Hyundai saw sales increase 14 percent in the month the AssurancePrograj launched, while U.S. salez were the weakest for the month in27 years. “Inb these challenging economic times, we believe it’ s important to offer our residents peaceof mind,” Northlanfd Vice President Diane Yensen said in a “Losing your income can be a scary situation, and provides our residents with an ‘out’ in the event that they involuntarily lose their job and need to breakm their lease.” Northland owns $2.1 billion of apartmen properties totaling 19 million squares feet and has a developmenrt pipeline in excess of $1 billion.
was awarded the leasing assignment for 399Boylston St., a 13-story, 228,820-square-foot office building in Boston’s Back Bay. The buildinvg has one vacant floor, said Duncah Gratton, a partner at DTZ/FHO Partners. will vacates 8,900 square feet and another tenant, McNamew Lawrence & Co., is leaving 4,600p square feet at the end of the said Gratton, who noted the building is 8 percent vacantr today. New tenants will be asked to pay in thelow $40s-per-square-fooy range to lease space in the building. Shorenstein Properties LLC purchased the building in March 2007from Rockwood/Abbeyt Fee LLC for an undisclosed price.
At the time the building was 100 percen leased to 14 tenants including NATIXISAsseyt Management, software developer ZANTAZ Inc. and The building’s 14,000 squarw feet of ground-floor retail space is leasee toand . Shorensteinh recently spent $575,000 on lobby renovations and morethan $1 million in repairsz to the building’s exterior and operating systems.
The company, , announced it is launchingb a Rent Assurance Program that is being rolleds out acrossthe Newton-based company’s entire portfolio. The company’ s multifamily holdings total 16,670 units in nine Massachusetts, Connecticut, Rhode North Carolina, South Carolina, Tennessee, Texas and Arizona. In Massachusetts, Northland owns 1,23 apartment units in Danvers, Quincy, Westborough and Worcester. The programj resembles those announced by automakeres such as and to boost sales from wary consumerss who are tightening their belts in anticipatiojn of potentialjob losses.
Hyunda recently announced a new and improved version of its HyundaiAssurance Program, whicj enables some customers to turn their cars back in to dealeres if they get laid off withibn a year. Hyundai’s new Assurance Plus program will covefr three months of car paymentsz while the buyer looks for anew job. At the end of 90 the customer can still return the car ifthey haven’tr found a job. Likewise, Ford’s “Advantage Plan” covers payments of up to $700 per montj for as long as a year for buyerd who have beenlaid off.
Much like the desperate measureds car manufacturers are taking to sell cars in one of the worstt economic climatesin decades, Northland’s program enables its residents to “wal k away from his or her lease, withouft paying termination fees,” in the evenf that the person involuntarily loses his or her The program is available to new residentsx and residents who renew leases. Time will tell if Northland’sd program helps it sign up new tenantas inits buildings. Generally, residents sign long-termm leases that are extremely hard to break withouylegal intervention.
According to publishede reports, Hyundai saw sales increase 14 percent in the month the AssurancePrograj launched, while U.S. salez were the weakest for the month in27 years. “Inb these challenging economic times, we believe it’ s important to offer our residents peaceof mind,” Northlanfd Vice President Diane Yensen said in a “Losing your income can be a scary situation, and provides our residents with an ‘out’ in the event that they involuntarily lose their job and need to breakm their lease.” Northland owns $2.1 billion of apartmen properties totaling 19 million squares feet and has a developmenrt pipeline in excess of $1 billion.
was awarded the leasing assignment for 399Boylston St., a 13-story, 228,820-square-foot office building in Boston’s Back Bay. The buildinvg has one vacant floor, said Duncah Gratton, a partner at DTZ/FHO Partners. will vacates 8,900 square feet and another tenant, McNamew Lawrence & Co., is leaving 4,600p square feet at the end of the said Gratton, who noted the building is 8 percent vacantr today. New tenants will be asked to pay in thelow $40s-per-square-fooy range to lease space in the building. Shorenstein Properties LLC purchased the building in March 2007from Rockwood/Abbeyt Fee LLC for an undisclosed price.
At the time the building was 100 percen leased to 14 tenants including NATIXISAsseyt Management, software developer ZANTAZ Inc. and The building’s 14,000 squarw feet of ground-floor retail space is leasee toand . Shorensteinh recently spent $575,000 on lobby renovations and morethan $1 million in repairsz to the building’s exterior and operating systems.
Friday, September 23, 2011
South End condos auctioned off for $12M - Boston Business Journal:
vanbeekdulejos1771.blogspot.com
The units at The 1850 were sold for a 20 percenr to 30 percent discount to listing according toSue Hawkes, presidentg of . In total the sale of the lofts, and 21 parkinv spaces for $35,000 each, generated nearly $12 milliob for developer . “The debt and the lenderx were very, very pleased,” said Hawkes, presideny of Velocity Marketing Services. Proceedz from the auction were used to pay off a firstt mortgage with andmezzanine debt, said Hawkes who declined to provide detailsw about the loans. The auction was held on Sunday atthe . Bids for the loftsw at the 60-unit, five-story project started at $175,000.
Unitas ranging in size from 679 squaree feetto 1,564 square feet sold for between $271,000 to $552,000, accordingf to a report from Condo Domain Boston. The most-recent askinv prices for the units rangedfrom $335,000p to $799,000. Hawkes said the auction that for theright price, buyers will come off the noting that the auction generated two years worth of salexs in one day. The 1850 is a formerd piano factory and general warehousre which was renovatedlast spring.
In a previously unpublished interview, John a senior vice president with the Cresset said he originally anticipated it wouled take 14 months to 16 months to sell out the lofts whichfeature 10-foot ceilings, originapl brick walls and stainlessd steel appliances. Cresset sold 25 of 60 unitsx in the 18 months it had been marketintgthe project.
The units at The 1850 were sold for a 20 percenr to 30 percent discount to listing according toSue Hawkes, presidentg of . In total the sale of the lofts, and 21 parkinv spaces for $35,000 each, generated nearly $12 milliob for developer . “The debt and the lenderx were very, very pleased,” said Hawkes, presideny of Velocity Marketing Services. Proceedz from the auction were used to pay off a firstt mortgage with andmezzanine debt, said Hawkes who declined to provide detailsw about the loans. The auction was held on Sunday atthe . Bids for the loftsw at the 60-unit, five-story project started at $175,000.
Unitas ranging in size from 679 squaree feetto 1,564 square feet sold for between $271,000 to $552,000, accordingf to a report from Condo Domain Boston. The most-recent askinv prices for the units rangedfrom $335,000p to $799,000. Hawkes said the auction that for theright price, buyers will come off the noting that the auction generated two years worth of salexs in one day. The 1850 is a formerd piano factory and general warehousre which was renovatedlast spring.
In a previously unpublished interview, John a senior vice president with the Cresset said he originally anticipated it wouled take 14 months to 16 months to sell out the lofts whichfeature 10-foot ceilings, originapl brick walls and stainlessd steel appliances. Cresset sold 25 of 60 unitsx in the 18 months it had been marketintgthe project.
Wednesday, September 21, 2011
SJ Mercury workers reach tentative contract deal, includes 9% in pay cuts - Sacramento Business Journal:
esivyjifag.wordpress.com
An additional 2 percent cut in pay wouls take effectin January. The Mediaq Workers Guild represents 257 Mercury News including about 130 in editorial jobs and 127in circulation, finance and support positions. A ratification meeting to discussa and vote on the proposed contracg is scheduled for Monday If approved, it would last 18 expiring Nov. 30, 2010. Other concessions include reduced vacation accruals and the relocation ofthe Merc’zs copy desk to Walnut Creek, where MediaNews’ is It owns the Mercury News and 11 othef daily papers in the which include virtually all of the daily papers in the Bay Area excepy the and .
“This contract settlement representw our best efforts atprotecting workers, jobs and quality at the Mercur y News,” the Guild’s San Francisco-based Local 39521 said in a “It is not something that we recommend Mac Tully, the Mercury publisher and president, could not immediately be reachex for comment about the tentative agreement. The deal wouldf also permit management to require up to five furlough days in move remaining circulation and financr jobs to the Bay AreaNews Group’zs shared services center in San Ramon, consolidatde advertising functions in the East Bay and San hire commission-only sales representatives to develop new business, and win some additionakl subcontracting rights, according to the The contract negotiations have taken place duriny grim times for dailyu newspapers.
Several major papers have foldecd inrecent months, including the and the print versiobn of the , and many major metropolitan including the San Francisco Chronicle, , , and , face dauntinvg financial challenges.
An additional 2 percent cut in pay wouls take effectin January. The Mediaq Workers Guild represents 257 Mercury News including about 130 in editorial jobs and 127in circulation, finance and support positions. A ratification meeting to discussa and vote on the proposed contracg is scheduled for Monday If approved, it would last 18 expiring Nov. 30, 2010. Other concessions include reduced vacation accruals and the relocation ofthe Merc’zs copy desk to Walnut Creek, where MediaNews’ is It owns the Mercury News and 11 othef daily papers in the which include virtually all of the daily papers in the Bay Area excepy the and .
“This contract settlement representw our best efforts atprotecting workers, jobs and quality at the Mercur y News,” the Guild’s San Francisco-based Local 39521 said in a “It is not something that we recommend Mac Tully, the Mercury publisher and president, could not immediately be reachex for comment about the tentative agreement. The deal wouldf also permit management to require up to five furlough days in move remaining circulation and financr jobs to the Bay AreaNews Group’zs shared services center in San Ramon, consolidatde advertising functions in the East Bay and San hire commission-only sales representatives to develop new business, and win some additionakl subcontracting rights, according to the The contract negotiations have taken place duriny grim times for dailyu newspapers.
Several major papers have foldecd inrecent months, including the and the print versiobn of the , and many major metropolitan including the San Francisco Chronicle, , , and , face dauntinvg financial challenges.
Monday, September 19, 2011
NHL chiefs to be deposed on Reinsdorf bid, Gretzky fights Glendale request to see tax returns - Dallas Business Journal:
borislavamcoc.blogspot.com
U.S. Bankruptcy Court Judge Redfield T. however, shot down an effort by Moyes’ legal team to deposde Reinsdorf. The Bettman and Daly depositions will occur laterdthis month. Reinsdorf, Phoenix attorneu and lobbyist John Kaites and former Los Angeles Angels and Montrealk Expos President Tony Tavares put forwarda $148 million offer to refinance and rework the Coyotes debt — a deal that callz for keeping the team in Glendale. That rivalds a $213 million, cash offer from Research in Motionb CEOJim Balsillie, who wantas to move the team to Ontario.
Moyes’ attorneys had sought more information from Reinsdor and the NHL regardingthe bid’s specifics, includinb how much cash, if any, is A federal bankruptcy official administering the Phoeniz Coyotes Chapter 11 reorganization also wants more information regarding Reinsdorf’s bid. U.S. Trusteew attorneys Ilene Lashinsky and Larry Watson are among thosde seeking more details on the Reinsdorf bid submittecdlast month. U.S.
Trustee is a federal entituy that administers bankruptcy cases and sometimees puts forth its opinion in material There are also efforts by Moye sand Balsillie’s attorneys to see what happenefd to the three other possibled bids to keep the team in which the NHL had talked about. Baum also is considering a requesr by the city of Glendale to have Coyotes coachand part-ownedr Wayne Gretzky’s tax records and finances disclosed. Gretzky’e attorneys are fighting that effort. The Coyotes coacyh makes $8 million annually, according to bankruptcyy court documents. He would get a $22 million pay-outy if the team moves to Canada and he steps down as part ownetrand coach.
U.S. Bankruptcy Court Judge Redfield T. however, shot down an effort by Moyes’ legal team to deposde Reinsdorf. The Bettman and Daly depositions will occur laterdthis month. Reinsdorf, Phoenix attorneu and lobbyist John Kaites and former Los Angeles Angels and Montrealk Expos President Tony Tavares put forwarda $148 million offer to refinance and rework the Coyotes debt — a deal that callz for keeping the team in Glendale. That rivalds a $213 million, cash offer from Research in Motionb CEOJim Balsillie, who wantas to move the team to Ontario.
Moyes’ attorneys had sought more information from Reinsdor and the NHL regardingthe bid’s specifics, includinb how much cash, if any, is A federal bankruptcy official administering the Phoeniz Coyotes Chapter 11 reorganization also wants more information regarding Reinsdorf’s bid. U.S. Trusteew attorneys Ilene Lashinsky and Larry Watson are among thosde seeking more details on the Reinsdorf bid submittecdlast month. U.S.
Trustee is a federal entituy that administers bankruptcy cases and sometimees puts forth its opinion in material There are also efforts by Moye sand Balsillie’s attorneys to see what happenefd to the three other possibled bids to keep the team in which the NHL had talked about. Baum also is considering a requesr by the city of Glendale to have Coyotes coachand part-ownedr Wayne Gretzky’s tax records and finances disclosed. Gretzky’e attorneys are fighting that effort. The Coyotes coacyh makes $8 million annually, according to bankruptcyy court documents. He would get a $22 million pay-outy if the team moves to Canada and he steps down as part ownetrand coach.
Saturday, September 17, 2011
GM files for bankruptcy, plans to transfer operations to Wentzville - Orlando Business Journal:
xosawewaqa.wordpress.com
Some operations and equipment from a stee stamping plant inGranrd Rapids, Mich., which is slated to close as part of the automaker's restructuring, will be transferred to according to Bob Wheeler, a spokesman for the Wentzville plant. It's not yet known how if any, Michigan employees will opt to transfer to he said. GM officials called Wentzville Mayorf Paul Lambi at9 a.m. Monday to assur e him the local plant wouldremain open. "It'a good that they are shipping in work for this Lambi said. "That's a positive that corporate thinks this planf willbe around.
" Still, Lambj said, rival automaker Chrysler plans to shutter its Fentoh factors after investing $130 million in them, so it was importanf for Wentzville to not rely on GM so much and diversif y its revenue stream. When Lambi took officer seven years ago, Wentzvills counted on GM for about 55 to 60 percent of itstotap revenue. Today, that's more like 15 percenty of the city's $24 million general fund, becauswe GM pays the city about $3 millio a year in real estate property taxes andother fees, he said.
GM on Mondau by the end of but the Wentzville plant was sparedbecauses it’s the only plant where Chevroleg Express and GMC Savana vans are The Wentzville plant will still undergo a previously announcexd and other production cuts in June and July that will resulty in the layoffs of 300 Monday’s Chapter 11 filing by the 101-year-old automaker is among the largest in U.S. history and largest-ever U.S. manufacturin g bankruptcy. GM listed $173 billion in liabilities and $82 billion in according to the filed inNew York. GM to St.
largest privately held company, Enterprises Rent-a-Car, and to Chapter 11, whichu allows the company to operate while protected fromits creditors, pushees GM into a fast-track bankruptcy and provides $30 billionh of additional taxpayer funds to restructure. The GM plan as detailedr by U.S. officials would allow a much smalle GM to emerge from couryt protection within 60 to 90 The automaker has not provideds an updated target for job cuts but was lookingb toeliminate 21,000 U.S. factory jobs from the 54,00 0 union members it now employs. General Motors employsa 92,000 in the United States and is indirectly responsiblrfor 500,000 retirees. The U.S.
government would hold a 60 percenr financial interest in areorganized GM, and the UAW wouled take a 17.5 percent stake. The governments of Canadza and the province of Ontario have agreed to a 12 perceng ownership stake in exchange forfinancial aid. GM bondholders wouled get 10 percent. "It’e a bittersweet thing," Wheeler said. "You hate to have to go througyh the process of closing plant andeliminating jobs, but look around, that’sa what's going on with a lot of Hopefully we can rebound, hire peopls in the future and be the vibrany company we once were.
" Downloadd a copy of the
Some operations and equipment from a stee stamping plant inGranrd Rapids, Mich., which is slated to close as part of the automaker's restructuring, will be transferred to according to Bob Wheeler, a spokesman for the Wentzville plant. It's not yet known how if any, Michigan employees will opt to transfer to he said. GM officials called Wentzville Mayorf Paul Lambi at9 a.m. Monday to assur e him the local plant wouldremain open. "It'a good that they are shipping in work for this Lambi said. "That's a positive that corporate thinks this planf willbe around.
" Still, Lambj said, rival automaker Chrysler plans to shutter its Fentoh factors after investing $130 million in them, so it was importanf for Wentzville to not rely on GM so much and diversif y its revenue stream. When Lambi took officer seven years ago, Wentzvills counted on GM for about 55 to 60 percent of itstotap revenue. Today, that's more like 15 percenty of the city's $24 million general fund, becauswe GM pays the city about $3 millio a year in real estate property taxes andother fees, he said.
GM on Mondau by the end of but the Wentzville plant was sparedbecauses it’s the only plant where Chevroleg Express and GMC Savana vans are The Wentzville plant will still undergo a previously announcexd and other production cuts in June and July that will resulty in the layoffs of 300 Monday’s Chapter 11 filing by the 101-year-old automaker is among the largest in U.S. history and largest-ever U.S. manufacturin g bankruptcy. GM listed $173 billion in liabilities and $82 billion in according to the filed inNew York. GM to St.
largest privately held company, Enterprises Rent-a-Car, and to Chapter 11, whichu allows the company to operate while protected fromits creditors, pushees GM into a fast-track bankruptcy and provides $30 billionh of additional taxpayer funds to restructure. The GM plan as detailedr by U.S. officials would allow a much smalle GM to emerge from couryt protection within 60 to 90 The automaker has not provideds an updated target for job cuts but was lookingb toeliminate 21,000 U.S. factory jobs from the 54,00 0 union members it now employs. General Motors employsa 92,000 in the United States and is indirectly responsiblrfor 500,000 retirees. The U.S.
government would hold a 60 percenr financial interest in areorganized GM, and the UAW wouled take a 17.5 percent stake. The governments of Canadza and the province of Ontario have agreed to a 12 perceng ownership stake in exchange forfinancial aid. GM bondholders wouled get 10 percent. "It’e a bittersweet thing," Wheeler said. "You hate to have to go througyh the process of closing plant andeliminating jobs, but look around, that’sa what's going on with a lot of Hopefully we can rebound, hire peopls in the future and be the vibrany company we once were.
" Downloadd a copy of the
Thursday, September 15, 2011
Donald Trump and Rick Perry chow down in NYC - CBS News
ibitasony.wordpress.com
Telegraph.co.uk | Donald Trump and Rick Perry chow down in NYC CBS News Rick Perry arriving to Trump Towers in Manhattan, Sept. 14, 2011. NEW YORK - Texas Gov. Rick Perry met celebrity businessman Donald Trump on Wednesday night for a dinner that threatens to undermine the Republican presidential hopeful's populist cred. ... Rick Perry Supplemented Wealth With Profitable Deals Involving Political ... Republican presidential race: Rick Perry talks about his faith, forsaking talk ... Rick Perry battles charges of 'crony capitalism' |
Tuesday, September 13, 2011
Merck and BGI Establish Strategic Collaboration focused on Biomarkers and ... - MarketWatch (press release)
balamatovaegede.blogspot.com
Merck and BGI Establish Strategic Collaboration focused on Biomarkers and ... MarketWatch (press release) These accomplishments include sequencing one percent of the human genome for the International Human Genome Project, contributing 10 percent to the International Human HapMap Project, carrying out research to combat SARS and German deadly E. coli, ... |
Saturday, September 10, 2011
Home prices gyrate across Raleigh-Durham ZIP codes - Triangle Business Journal:
pabigy.wordpress.com
And what may keep the home price from escalating rapidly is the risinyg fear thatthe nation’s home appraisal systejm is broken. Citing a need for stricter lenders already want appraisers to be cautious whenvaluingg homes. And just like the pendulun shifts from one side to expect appraisers to take a conservativee approach when coming to slapping a valueon homes. “Thed appraisal industry shares the blame for themortgage meltdown,” says Stace Anfindsen, who runs in Cary. “The industry already has to adheree to new rules that are being forcedon us.
Thers will be no more direct contact betweenj the appraiser andthe originator/processor that ordered the We now have to deal with some appraisal management compan who now (has) to be paid.” But there are signa of hope that could get Triangle home salea and home prices going Bank estimates suggest that the numberr of homes held under foreclosurew by banks is dwindling. During the firstg quarter, banks held off on foreclosing due to pressured fromthe government. That mode has changed in the past couplerof months, as banks are beginninvg to clear their books by foreclosing on propertiesx and getting rid of them privately or throughn the open market.
Community bankzs generally are holders of anequityy line, not the original loan, says Jim Beck, president of Raleigh’ s . “ But I must say most of the exposurde for the community banks has beenwith builders. And there may be more to On May 26, the Federall Housing Finance Agency came out with a reporty that may further calm the fears of area According to theFHFA data, the Raleigh-Cart market is the 51st strongest in the nation, baser on the annual change in home FHFA calculated the price change after analyzing purchases and refinance data. In FHFA’w same list, the Durham-Chapel Hill metro ranked 45th amony 294metro areas.
And what may keep the home price from escalating rapidly is the risinyg fear thatthe nation’s home appraisal systejm is broken. Citing a need for stricter lenders already want appraisers to be cautious whenvaluingg homes. And just like the pendulun shifts from one side to expect appraisers to take a conservativee approach when coming to slapping a valueon homes. “Thed appraisal industry shares the blame for themortgage meltdown,” says Stace Anfindsen, who runs in Cary. “The industry already has to adheree to new rules that are being forcedon us.
Thers will be no more direct contact betweenj the appraiser andthe originator/processor that ordered the We now have to deal with some appraisal management compan who now (has) to be paid.” But there are signa of hope that could get Triangle home salea and home prices going Bank estimates suggest that the numberr of homes held under foreclosurew by banks is dwindling. During the firstg quarter, banks held off on foreclosing due to pressured fromthe government. That mode has changed in the past couplerof months, as banks are beginninvg to clear their books by foreclosing on propertiesx and getting rid of them privately or throughn the open market.
Community bankzs generally are holders of anequityy line, not the original loan, says Jim Beck, president of Raleigh’ s . “ But I must say most of the exposurde for the community banks has beenwith builders. And there may be more to On May 26, the Federall Housing Finance Agency came out with a reporty that may further calm the fears of area According to theFHFA data, the Raleigh-Cart market is the 51st strongest in the nation, baser on the annual change in home FHFA calculated the price change after analyzing purchases and refinance data. In FHFA’w same list, the Durham-Chapel Hill metro ranked 45th amony 294metro areas.
Thursday, September 8, 2011
CEO Ellison says Oracle might make netbooks - Business First of Buffalo:
isexufehub.wordpress.com
His comments came at a Sun conferencwe for users of Java softwaree which he also said could be usedon netbooks. Oraclse (NASDAQ:ORCL) earlier this year agreed to acquirweSun (NASDAQ:JAVA) for $7 "I don't see why some of those devices shouldn'y come from Sun," Reuters quoted Ellison as saying. "Theres will be computers that are fundamentallhy basedon Java." Netbooks are inexpensive laptopl computers designed to connect wirelessl y and are used primarily for checking email and browsing the Web. The market for them is expected to grow to between 20 millio n and 30 million unitthis year, up from the 11.7 million sold last year when theitr sales took off.
Most PC makers now have a netboojk model and if Oracle does get into the marke it will go up againstthe . (NASDAQ:HPQ) and , which either make netbooks or develop softwarefor them. Acer said Tuesdauy it will make a laptop runningon ’se (NASDAQ:GOOG) Android operating system instead of Microsoftg Windows, which most makers now use.
His comments came at a Sun conferencwe for users of Java softwaree which he also said could be usedon netbooks. Oraclse (NASDAQ:ORCL) earlier this year agreed to acquirweSun (NASDAQ:JAVA) for $7 "I don't see why some of those devices shouldn'y come from Sun," Reuters quoted Ellison as saying. "Theres will be computers that are fundamentallhy basedon Java." Netbooks are inexpensive laptopl computers designed to connect wirelessl y and are used primarily for checking email and browsing the Web. The market for them is expected to grow to between 20 millio n and 30 million unitthis year, up from the 11.7 million sold last year when theitr sales took off.
Most PC makers now have a netboojk model and if Oracle does get into the marke it will go up againstthe . (NASDAQ:HPQ) and , which either make netbooks or develop softwarefor them. Acer said Tuesdauy it will make a laptop runningon ’se (NASDAQ:GOOG) Android operating system instead of Microsoftg Windows, which most makers now use.
Tuesday, September 6, 2011
Human Capital: People on the move, July 1 - bizjournals:
opexibu.wordpress.com
Signature Healthcare of Brockton hired Steve Friott as director of health carefacilitiess management. He previously served as directot of facilities operationsat . , a designm and construction firm with local officeesin Worcester, appointed Robert Stephens director of businesx development, health care. Stephens has more than 20 yeare of experience marketing and selling desigh andconstruction services. Matthew Tepper joined CB Richardd EllisInvestors , a real estates investment management firm, as an associate director for the global multi-managee business. Tepper, formerly of , is basede in Boston.
Davis, Malm & D’Agostine PC , a Boston-basedr law firm, added Elise Wald as an associate in the trustss and estatespractice area. Wald was previously an associate at Blankstein and LundLLP . Rob MacElhineu , vice president of in was named to the board of directors atthe .
Signature Healthcare of Brockton hired Steve Friott as director of health carefacilitiess management. He previously served as directot of facilities operationsat . , a designm and construction firm with local officeesin Worcester, appointed Robert Stephens director of businesx development, health care. Stephens has more than 20 yeare of experience marketing and selling desigh andconstruction services. Matthew Tepper joined CB Richardd EllisInvestors , a real estates investment management firm, as an associate director for the global multi-managee business. Tepper, formerly of , is basede in Boston.
Davis, Malm & D’Agostine PC , a Boston-basedr law firm, added Elise Wald as an associate in the trustss and estatespractice area. Wald was previously an associate at Blankstein and LundLLP . Rob MacElhineu , vice president of in was named to the board of directors atthe .
Sunday, September 4, 2011
'Eden Reframed' opens to the public Saturday - Vashon-Maury Island Beachcomber
afukakuja.wordpress.com
'Eden Reframed' opens to the public Saturday Vashon-Maury Island Beachcomber Saturday's event will include music by Amy Denio, a multi-instrumentalist composer and singer based in Seattle. Both the dream weaving and the story hive are interactive, so more contributions can be added at Saturday's ceremony and over time, ... |
Friday, September 2, 2011
Twitter, LinkedIn play role in finding a job, displaying your tech smarts - bizjournals:
adatynu.wordpress.com
For years, I have been preaching a job searcn strategy promoting the thought that if you travelo allavenues simultaneously, you are more likely to find your destination. At no time has this approachy been more critical than today with so many peoplew lookingfor work. Although we seem to have no problem acceptinbg the concept of reinventingour images, there exists a large grouo of candidates who turn away from more intimidatingv unfamiliarities. Simply, some are unwilling to enter the wildernessw ofunknown technologies. Baby boomerse are most often risk-averse when it comes to job search technologies, thereby fulfilling the prophecuy ofcareer obsolescence.
It is far more difficult for a CFO to admiyhe doesn’t use Twitter becausr he’s expected to know what it is. And I meet candidatea daily who assure me they are linked in at though they’ll sheepishly acknowledge that’sw not what I asked. If your repliee are “what’s that?” or “not yet,” then you are dangerouslgy stalling yourjob search. Connectint to colleagues online brings benefits tojob seekers, yet many harboe fears so they stay I, too, was afraid of new technologiess because I didn’t want to face But once I began to discovetr job openings on tech tools that didn’t exist in 2005, I couldn’ afford to be the one For me, these are most valuable: LinkedIn (linkedin.
com) has more than 35 milliobn members in more than 140 Most are adults and employed. Executives from all Fortune 500 companiea areon LinkedIn. Most have disclose d what they do andwheres they’ve worked in the past. To job seekera looking to researcha company’s decisio n makers, look no further than LinkedIn. It can offer great information for the But it is as important to be as it is to be able to locate and learnabout others. If a human resources office r wants to research a prospective executivebut doesn’y see him on LinkedIn, she may feel he won’t be on the leadinh edge.
With LinkedIn, you can join discussionb groups, answer questions submitted by PresidenftBarack Obama, spread the word that you’re in the job markert (no stigma if done properly) and securd endorsements from your colleagues. It is imperative that you creatsea profile. Also, I recommened a professionallydone head-and-shoulders photo accompany it. A health-car company from Albany, N.Y., recently called my firm in its search for asalee representative. We had a great candidate who had retainec us for coaching earlierthat day. Not activelhy job hunting, she had no and when I callex the company they almost passedon her.
Gettinh creative, I suggested the employer review and accept herLinkedIn profile. The following day they met. We caughf up with creating her resume, whic h is far more compelling, but a LinkedIn presencde openedthe door. Twitter (twitter.com) was born just three yearz ago from the genius of two younvg men inSan Francisco. Unlike Twitter is a living entity reminiscent of the originao Web chat rooms with aslightg delay. Within the Twitter communities, thoss with commonality of purpose and motiver tendto congregate.
When you sign up with you secure a screen name and can use it to post and receiver messages to a network of Instead of sending adozen e-maild or text messages, you send one messagee to your Twitter account, and the service distributez the communication to your friends. Members use Twitter to organiz gatherings, carry on a group conversation, or send a quick You selectively follow the folkws who provide valuable information to your job search and others inevitablfollow you. While I find it enjoyable to follow members ofthe media, my sole purposde for participating is to harvest job openingas for my clients.
There are numerous organizationes to follow that can be segmented by I am most intriguedby @jobshouts, @job angels, I find who to follow by scopinhg out the home pages of colleagues following those who are likelt to tweet either sage advices or job openings. During a May seminar, an executivew recruiter from Atlanta helped train our candidatez onphone interviewing. Spending 10 minutes with each job she provided a critiquee on communication skillsand messaging. We met on Twittefr and have forged an alliance out of common No doubt, this is only one story of collaborationj what could be more fulfilling for the isolatexd job seeker.
Some word of caution: Twitter can be very casuakl and, should you engage with folks in enjoyablewconversation alone, you might be think that no one else will read your That would be a Much like e-mail, instant messaging and LinkedIn discussions, anythingt on Twitter is stored in some permanent Internet warehouse. Data security folks have mentioned blocking andprivacy devices, but I wouldd never take the chance.
For years, I have been preaching a job searcn strategy promoting the thought that if you travelo allavenues simultaneously, you are more likely to find your destination. At no time has this approachy been more critical than today with so many peoplew lookingfor work. Although we seem to have no problem acceptinbg the concept of reinventingour images, there exists a large grouo of candidates who turn away from more intimidatingv unfamiliarities. Simply, some are unwilling to enter the wildernessw ofunknown technologies. Baby boomerse are most often risk-averse when it comes to job search technologies, thereby fulfilling the prophecuy ofcareer obsolescence.
It is far more difficult for a CFO to admiyhe doesn’t use Twitter becausr he’s expected to know what it is. And I meet candidatea daily who assure me they are linked in at though they’ll sheepishly acknowledge that’sw not what I asked. If your repliee are “what’s that?” or “not yet,” then you are dangerouslgy stalling yourjob search. Connectint to colleagues online brings benefits tojob seekers, yet many harboe fears so they stay I, too, was afraid of new technologiess because I didn’t want to face But once I began to discovetr job openings on tech tools that didn’t exist in 2005, I couldn’ afford to be the one For me, these are most valuable: LinkedIn (linkedin.
com) has more than 35 milliobn members in more than 140 Most are adults and employed. Executives from all Fortune 500 companiea areon LinkedIn. Most have disclose d what they do andwheres they’ve worked in the past. To job seekera looking to researcha company’s decisio n makers, look no further than LinkedIn. It can offer great information for the But it is as important to be as it is to be able to locate and learnabout others. If a human resources office r wants to research a prospective executivebut doesn’y see him on LinkedIn, she may feel he won’t be on the leadinh edge.
With LinkedIn, you can join discussionb groups, answer questions submitted by PresidenftBarack Obama, spread the word that you’re in the job markert (no stigma if done properly) and securd endorsements from your colleagues. It is imperative that you creatsea profile. Also, I recommened a professionallydone head-and-shoulders photo accompany it. A health-car company from Albany, N.Y., recently called my firm in its search for asalee representative. We had a great candidate who had retainec us for coaching earlierthat day. Not activelhy job hunting, she had no and when I callex the company they almost passedon her.
Gettinh creative, I suggested the employer review and accept herLinkedIn profile. The following day they met. We caughf up with creating her resume, whic h is far more compelling, but a LinkedIn presencde openedthe door. Twitter (twitter.com) was born just three yearz ago from the genius of two younvg men inSan Francisco. Unlike Twitter is a living entity reminiscent of the originao Web chat rooms with aslightg delay. Within the Twitter communities, thoss with commonality of purpose and motiver tendto congregate.
When you sign up with you secure a screen name and can use it to post and receiver messages to a network of Instead of sending adozen e-maild or text messages, you send one messagee to your Twitter account, and the service distributez the communication to your friends. Members use Twitter to organiz gatherings, carry on a group conversation, or send a quick You selectively follow the folkws who provide valuable information to your job search and others inevitablfollow you. While I find it enjoyable to follow members ofthe media, my sole purposde for participating is to harvest job openingas for my clients.
There are numerous organizationes to follow that can be segmented by I am most intriguedby @jobshouts, @job angels, I find who to follow by scopinhg out the home pages of colleagues following those who are likelt to tweet either sage advices or job openings. During a May seminar, an executivew recruiter from Atlanta helped train our candidatez onphone interviewing. Spending 10 minutes with each job she provided a critiquee on communication skillsand messaging. We met on Twittefr and have forged an alliance out of common No doubt, this is only one story of collaborationj what could be more fulfilling for the isolatexd job seeker.
Some word of caution: Twitter can be very casuakl and, should you engage with folks in enjoyablewconversation alone, you might be think that no one else will read your That would be a Much like e-mail, instant messaging and LinkedIn discussions, anythingt on Twitter is stored in some permanent Internet warehouse. Data security folks have mentioned blocking andprivacy devices, but I wouldd never take the chance.
Tuesday, August 30, 2011
Supremes: States can investigate national banks - Boston Business Journal:
ibitasony.wordpress.com
The case, Cuomo vs. Clearing House Association, stems from a New York stat e investigation that sought information from nationalp banks about potential discriminatory banking practicew that violated NewYork law. The federak banking regulator, the , objected to the requestss by New Yorkstate officials, eventually sidinv with a suit brought by Clearing Housew Payments Co. LLC, which argued that the stat hadno jurisdiction. The investigation was started in 2005by then-New York Attorneyg General Elliot Spitzer, and it was continued by current New York Attornegy General Andrew Cuomo.
They both argued that the fact a bank is regulatesd by the federal government does not give it immunityh from violatingstate laws. Consumer groups supported Cuomo’s position because statde officials tend to be more active in defending Banking groups arenot pleased. “W are worried about the effectf that this ruling coulcd have onthe markets,” said Rich executive director of the Financiaol Services Roundtable, adding that the decision could creatw a patchwork of state laws at the cost of the efficiencieas of the national “Cuomo vs.
Clearing House Associatio n hinders the ability of financial services firms from conductinh business in theUnited States” Whiting said. “Evenn worse, it will cause confusion for especially those who move from stateto state.”
The case, Cuomo vs. Clearing House Association, stems from a New York stat e investigation that sought information from nationalp banks about potential discriminatory banking practicew that violated NewYork law. The federak banking regulator, the , objected to the requestss by New Yorkstate officials, eventually sidinv with a suit brought by Clearing Housew Payments Co. LLC, which argued that the stat hadno jurisdiction. The investigation was started in 2005by then-New York Attorneyg General Elliot Spitzer, and it was continued by current New York Attornegy General Andrew Cuomo.
They both argued that the fact a bank is regulatesd by the federal government does not give it immunityh from violatingstate laws. Consumer groups supported Cuomo’s position because statde officials tend to be more active in defending Banking groups arenot pleased. “W are worried about the effectf that this ruling coulcd have onthe markets,” said Rich executive director of the Financiaol Services Roundtable, adding that the decision could creatw a patchwork of state laws at the cost of the efficiencieas of the national “Cuomo vs.
Clearing House Associatio n hinders the ability of financial services firms from conductinh business in theUnited States” Whiting said. “Evenn worse, it will cause confusion for especially those who move from stateto state.”
Sunday, August 28, 2011
Winds continue to fuel Cudahy fire - St. Louis Business Journal:
grearqakususi1426.blogspot.com
Cudahy Mayor Ryan McCue also urged all businesse s in the city to reduce water usage and callec on residents of the neighboring communityof St. Franciss to conserve water. “We are runningg short on water,” McCuer said. More than 8.5 million gallonx of water had been used by in an attemprt to douse a fire in one of the buildings that make up the Patric Cudahy meat processing complex at OneSweett Apple-Wood Lane, just off of Layton Mayor Ryan McCue said at a 3:30 p.m. presz conference at Parkview Elementary School, 5555 S. Nicholson within site of the huge plumes of smoker billowing fromthe plant.
The city of Milwaukere also has allowed Cudahy to tap into its watef supply to aid in fightingt thestubborn blaze, McCue said. The fire fightingh effort has been expanded to includd 130 firefighters from 27 he said. “The fire continues to flare McCue said. “The wind has not been our friend.” 75 law enforcement officers are on patroo inthe city. McCue declareed a state of emergency earlier in the day and indicated at that time that the Nationao Guard could be called in to patrolcity However, Cudahy Police Chief Thomas Poellot said the city, alongf with assistance from other communities and the state, has “adequate” resourcee to keep the city safe as firefighters continuwe to battle the blaze.
“We don’t anticipate needing the National Guard,” he
Cudahy Mayor Ryan McCue also urged all businesse s in the city to reduce water usage and callec on residents of the neighboring communityof St. Franciss to conserve water. “We are runningg short on water,” McCuer said. More than 8.5 million gallonx of water had been used by in an attemprt to douse a fire in one of the buildings that make up the Patric Cudahy meat processing complex at OneSweett Apple-Wood Lane, just off of Layton Mayor Ryan McCue said at a 3:30 p.m. presz conference at Parkview Elementary School, 5555 S. Nicholson within site of the huge plumes of smoker billowing fromthe plant.
The city of Milwaukere also has allowed Cudahy to tap into its watef supply to aid in fightingt thestubborn blaze, McCue said. The fire fightingh effort has been expanded to includd 130 firefighters from 27 he said. “The fire continues to flare McCue said. “The wind has not been our friend.” 75 law enforcement officers are on patroo inthe city. McCue declareed a state of emergency earlier in the day and indicated at that time that the Nationao Guard could be called in to patrolcity However, Cudahy Police Chief Thomas Poellot said the city, alongf with assistance from other communities and the state, has “adequate” resourcee to keep the city safe as firefighters continuwe to battle the blaze.
“We don’t anticipate needing the National Guard,” he
Friday, August 26, 2011
Ever-resilient Kim Chiu continues to strive hard for her family - Asianjournal.com
eragywaqer.wordpress.com
Ever-resilient Kim Chiu continues to strive hard for her family Asianjournal.com Pinoy Big Brother Teen Edition winner, Kim Chiu, has come a long way from being a teenage success story to one of the most bankable stars of this generation. She continues to walk along the roads of success with her family as her source of inspiration. ... |
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