ralawizewy.wordpress.com
The Association’s Restaurant Performance Index (RPI) — a monthly compositee index that tracks the health of and outloo k forthe U.S. restaurant industry — stood at 98.6 in up 0.8 percent from its highest level in11 months. “The recent growtn in the RPI was driven bythe component, which rose above 100 in April for the firsty time in 18 months, a level which indicates said Hudson Riehle, seniot vice president of research and information servicess for the association.
“Although the RPI’ ‘Current Situation’ indicators are still in a perioedof contraction, the solid improvementf in the forward-looking indicators suggests that the end of the industry’sd downturn may be in sight.” The RPI is based on the responsed to the association’s Restaurant Industry Tracking which is fielded monthly among restaurant operators nationwidre on a variety of indicators including traffic, labor and capital expenditures. The Indexc consists of two components — the Currenty Situation Index and theExpectations Index.
The Current Situationn Index, which measures current trends in four industryindicatord (same-store sales, traffic, labor and capital expenditures), stood at 97.0 in up 0.9 percent from March and its highest level sincre August 2008. However, April represented the 20th consecutive montuhbelow 100, which continues to signifu contraction. Restaurant operators reported negative customer traffic levels for the 20th consecutivs monthin April. About 23 percent of restaurant operatorsa reported an increase in customer traffic between April 2008 andApril 2009, up from 20 percenf who reported similarly in March.
Also, 60 percenf of operators reported a traffic declinein April, down from 63 perceng who reported similarly in March. Restauran t operators also continue to grow more optimistic about the with 37 percent saying they expect economicf conditions to improve insix months, up from 30 percent who reported similarly last month and the highest level in three years. In comparison, only 16 percent of operators expect economifc conditions to worsen insix months, down from 21 perceng last month. Founded in the Washington, D.C.
-based National Restaurant Association is a businesxs association for therestaurant industry, comprising 945,000p restaurant and foodservice outlets and a work force of 13 millio n employees.
Tuesday, June 28, 2011
Sunday, June 26, 2011
AmeriSpec home energy audits soar - Minneapolis / St. Paul Business Journal:
modestofyeyko.blogspot.com
Memphis-based AmeriSpec has 250 franchise owners throughoutthe U.S. and Canada who provide services to homebuyersand sellers. The companyu has seen its business skyrocket in Canada as the Canadianm government has mandated homes be more energty efficient and reduce carbon Brent Armstrong, vice presidenyt and general manager of AmeriSpec, says the companuy is the only national provider of inspection servicez in Canada. It conducted 50,00 audits in 2008, compared to 18,500 in 2007 and 14,0000 in 2006. Part of AmeriSpec’d inspection process creates an artificial draft to find out where air seeps in or leaks out of An inspection also covers the energyu efficiency ofHVAC systems.
After an inspection in Canada, homesz are given a rating and ownerx are given 18 monthsz to improve or retrofitrthe home. While the Canadian government doesn’t penalizes homeowners who don’t make up to $5,000 in grant money is available for improvements and homeownerz can get reimbursedfor energy-related work they have done. Armstronhg says the Obama administration is lookinh at implementing similar changes inthe U.S. “There’as a growing awareness in the United and tosome degree, all of us are askingh the same questions,” Armstrongb says. He says all 50 states have weatherizatioh programs.
The federal government has allotted $5 billiom in stimulus funding tohelp low-incomde families replace roofs on their homes and changer inefficient furnaces. As the attention to energy efficiency AmeriSpec is training its franchise owners to be certified in Home Energyg RatingSystem inspection. Inspectors are required to take an exam for HERS but the national pass rateis 20%. At a traininvg session at AmeriSpec’s Memphis facilities last 11 of the 15participantsz passed. Owners can train at other AmeriSpec facilitied acrossthe country, but the most comprehensive traininy is located in Armstrong says AmeriSpec offers three different courses that are open to its franchised owners.
Its facilities include a fullyfunctional “flood house” that can be floodedd to simulate a home disaster. The house offersa inspectors full field training without them havinhg to intrude on customers inthe field. It also allowss them learn from their mistakes withoutbeing liable. Gale director of technical training and developmen tfor AmeriSpec, says inspectors who pass the test will have the highesf certification in energy auditing. Followinhg that certification, they must perform three field evaluations. “We loan out the equipmeng they need to getthat done,” Colvinn says.
“We want to keep everything fresh for them out in the Steve Anderson, owner of two franchises in Memphis, is one of the owners who passed last week’s While the course isn’t a requirement for franchisr owners, it gives them another levekl of service for customers. Anderson, who is also a licenseds architect, can now offer complete home servicese from design to making sure existing homes areenergy “The cost of energy for homeowners is steadily rising, so being able to assist people in how well theird homes work and where improvements can be made is a servic e that will be needed in the Anderson says.
“We’re positioned to tap into the market and help folks that are interested ingoing
Memphis-based AmeriSpec has 250 franchise owners throughoutthe U.S. and Canada who provide services to homebuyersand sellers. The companyu has seen its business skyrocket in Canada as the Canadianm government has mandated homes be more energty efficient and reduce carbon Brent Armstrong, vice presidenyt and general manager of AmeriSpec, says the companuy is the only national provider of inspection servicez in Canada. It conducted 50,00 audits in 2008, compared to 18,500 in 2007 and 14,0000 in 2006. Part of AmeriSpec’d inspection process creates an artificial draft to find out where air seeps in or leaks out of An inspection also covers the energyu efficiency ofHVAC systems.
After an inspection in Canada, homesz are given a rating and ownerx are given 18 monthsz to improve or retrofitrthe home. While the Canadian government doesn’t penalizes homeowners who don’t make up to $5,000 in grant money is available for improvements and homeownerz can get reimbursedfor energy-related work they have done. Armstronhg says the Obama administration is lookinh at implementing similar changes inthe U.S. “There’as a growing awareness in the United and tosome degree, all of us are askingh the same questions,” Armstrongb says. He says all 50 states have weatherizatioh programs.
The federal government has allotted $5 billiom in stimulus funding tohelp low-incomde families replace roofs on their homes and changer inefficient furnaces. As the attention to energy efficiency AmeriSpec is training its franchise owners to be certified in Home Energyg RatingSystem inspection. Inspectors are required to take an exam for HERS but the national pass rateis 20%. At a traininvg session at AmeriSpec’s Memphis facilities last 11 of the 15participantsz passed. Owners can train at other AmeriSpec facilitied acrossthe country, but the most comprehensive traininy is located in Armstrong says AmeriSpec offers three different courses that are open to its franchised owners.
Its facilities include a fullyfunctional “flood house” that can be floodedd to simulate a home disaster. The house offersa inspectors full field training without them havinhg to intrude on customers inthe field. It also allowss them learn from their mistakes withoutbeing liable. Gale director of technical training and developmen tfor AmeriSpec, says inspectors who pass the test will have the highesf certification in energy auditing. Followinhg that certification, they must perform three field evaluations. “We loan out the equipmeng they need to getthat done,” Colvinn says.
“We want to keep everything fresh for them out in the Steve Anderson, owner of two franchises in Memphis, is one of the owners who passed last week’s While the course isn’t a requirement for franchisr owners, it gives them another levekl of service for customers. Anderson, who is also a licenseds architect, can now offer complete home servicese from design to making sure existing homes areenergy “The cost of energy for homeowners is steadily rising, so being able to assist people in how well theird homes work and where improvements can be made is a servic e that will be needed in the Anderson says.
“We’re positioned to tap into the market and help folks that are interested ingoing
Friday, June 24, 2011
Education funding still falls short despite federal stimulus infusion - Charlotte Business Journal:
mastering-input.blogspot.com
That was the sentimentr of an eight-member panel of training and government experts gathered by the South Florida Businesa Journal to examine howthe $787 billiohn federal stimulus package is impacting the region’s education and workforce training sectors. The panel marked the third in theBusinesw Journal’s ongoing stimulus series, aimed at trackiny and analyzing the flow of money from the American Recovery and Reinvestment Act into South Florida’s Legislature was the only one nationall to request a federal waivef that allowed it to take monety from education and replace it with stimuluss dollars while other statesd used stimulus dollars to augment the The situation concerned panelist state Sen.
Eleanoe Sobel. “We are not starting at the starting The school district in Broward Countyu and those throughout the state are startingf behind thestarting line,” Sobel said. “They have had problemw for years and they areall scrambling.” Veterab educator Robert Parks, a member of the Browarcd County School Board, said, “Many of the largse urban districts in the nation are afraid of one thing, whicjh is basically a bait and switch with thosee dollars.” What’s even more worrisomer to some experts is that the stimulua money will eventually run out. “I’m really concerned about in three years; what’s going to happen?
” said José president of ’s North “This is a Band-Aid.” He said the college’x operating budget was cut $22 million whiles the stimulus money was only $13 Parks said Broward County’s school system has cut $1.4 billion from its construction budget in additiobn to furloughing 700 teachers and 51 “We’ve closed all of our school offices for the We don’t have summer school Parks said. would have been looking at cuttiny its budget byabout $30 million without $12 milliobn in stimulus funds, said Dorothy K. Russell, the university’s associated VP for financial affairs andbudget director.
The university cut 30 positionsand “hadc we not had the stimulu s dollars it could have been much more severe.” Georgs Hanbury, executive VP and COO of , said the $1.3 billioh in stimulus funds given to the statd relieved pressure on the Legislature to furthet reduce support for Florida Resident Accesse Grants (FRAG), a key sourcs of money for students, but he pointed out that the grants used to be $3,000 a year for studentzs and are now $2,529. The amounty is important to students, who find enrollment caps at state universities and turn to NSU and otherdprivate institutions. He also said that universitiesx are working together to apply for federaostimulus funding.
NSU has a collaborativr proposal with and FAU fora $50 million research building with wet labs, business incubator space and offices for the U.S. Geologicakl Survey, which is helping oversee Everglades “We have shovel-ready projects we have submitted to the Governord and in the next 60 days we coulcdput 1,000 people to work,” Hanbury The competition for these types of projects, is fierce. FAU is getting about $12 million in direc infusion from the federalstimulus package, but the university also is seekinv money from the for labs and Russell said.
April was the month to submit applicationz and the results are expected by The strongest flowof money, so far, appearse to be for programs that help the jobless as the state’ws unemployment rate has hit 10.2 percent.
That was the sentimentr of an eight-member panel of training and government experts gathered by the South Florida Businesa Journal to examine howthe $787 billiohn federal stimulus package is impacting the region’s education and workforce training sectors. The panel marked the third in theBusinesw Journal’s ongoing stimulus series, aimed at trackiny and analyzing the flow of money from the American Recovery and Reinvestment Act into South Florida’s Legislature was the only one nationall to request a federal waivef that allowed it to take monety from education and replace it with stimuluss dollars while other statesd used stimulus dollars to augment the The situation concerned panelist state Sen.
Eleanoe Sobel. “We are not starting at the starting The school district in Broward Countyu and those throughout the state are startingf behind thestarting line,” Sobel said. “They have had problemw for years and they areall scrambling.” Veterab educator Robert Parks, a member of the Browarcd County School Board, said, “Many of the largse urban districts in the nation are afraid of one thing, whicjh is basically a bait and switch with thosee dollars.” What’s even more worrisomer to some experts is that the stimulua money will eventually run out. “I’m really concerned about in three years; what’s going to happen?
” said José president of ’s North “This is a Band-Aid.” He said the college’x operating budget was cut $22 million whiles the stimulus money was only $13 Parks said Broward County’s school system has cut $1.4 billion from its construction budget in additiobn to furloughing 700 teachers and 51 “We’ve closed all of our school offices for the We don’t have summer school Parks said. would have been looking at cuttiny its budget byabout $30 million without $12 milliobn in stimulus funds, said Dorothy K. Russell, the university’s associated VP for financial affairs andbudget director.
The university cut 30 positionsand “hadc we not had the stimulu s dollars it could have been much more severe.” Georgs Hanbury, executive VP and COO of , said the $1.3 billioh in stimulus funds given to the statd relieved pressure on the Legislature to furthet reduce support for Florida Resident Accesse Grants (FRAG), a key sourcs of money for students, but he pointed out that the grants used to be $3,000 a year for studentzs and are now $2,529. The amounty is important to students, who find enrollment caps at state universities and turn to NSU and otherdprivate institutions. He also said that universitiesx are working together to apply for federaostimulus funding.
NSU has a collaborativr proposal with and FAU fora $50 million research building with wet labs, business incubator space and offices for the U.S. Geologicakl Survey, which is helping oversee Everglades “We have shovel-ready projects we have submitted to the Governord and in the next 60 days we coulcdput 1,000 people to work,” Hanbury The competition for these types of projects, is fierce. FAU is getting about $12 million in direc infusion from the federalstimulus package, but the university also is seekinv money from the for labs and Russell said.
April was the month to submit applicationz and the results are expected by The strongest flowof money, so far, appearse to be for programs that help the jobless as the state’ws unemployment rate has hit 10.2 percent.
Wednesday, June 22, 2011
Report: Home value declines ease - South Florida Business Journal:
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Home price depreciation in the first quarter fell ata 2.2 percen t annualized pace, compared with 12.5 percent in the fourth quarted of last year. Nationwide, home prices have fallen 10.4 percent below their 2007 peak, the resulr of foreclosures andshort sales, the report Prices fell in 199 of 330 metropolitan areaas in the study, down from 312 areas in the fourth quarter of 2008. ”While it's too early to see a bottomm of thishousing downturn, this quarter's deceleration in the rate of decline may signa that the market is beginning to stabilize," said James group managing director of IHS Global Insight'ds Regional Services Group, in a news release.
Florida, however, continuea to be one of the areas experiencing thegreatestr decline, along with California and Nevada. Fifty-seven metropolitan areaz had declines of more than 25 percenf from their peaks and 134 had declinee greater than10 percent. nine metropolitan areas – five in California and the rest in Arizona andNevada – have seen pricees plummet by more than 50 percent from theirt peaks. The report suggests that the nation’s housing market is now slightly undervalued, with only the Pacific Northwes – from Idaho to Utah – remainintg overvalued. The report examined the top 330 U.S.
real estate
Home price depreciation in the first quarter fell ata 2.2 percen t annualized pace, compared with 12.5 percent in the fourth quarted of last year. Nationwide, home prices have fallen 10.4 percent below their 2007 peak, the resulr of foreclosures andshort sales, the report Prices fell in 199 of 330 metropolitan areaas in the study, down from 312 areas in the fourth quarter of 2008. ”While it's too early to see a bottomm of thishousing downturn, this quarter's deceleration in the rate of decline may signa that the market is beginning to stabilize," said James group managing director of IHS Global Insight'ds Regional Services Group, in a news release.
Florida, however, continuea to be one of the areas experiencing thegreatestr decline, along with California and Nevada. Fifty-seven metropolitan areaz had declines of more than 25 percenf from their peaks and 134 had declinee greater than10 percent. nine metropolitan areas – five in California and the rest in Arizona andNevada – have seen pricees plummet by more than 50 percent from theirt peaks. The report suggests that the nation’s housing market is now slightly undervalued, with only the Pacific Northwes – from Idaho to Utah – remainintg overvalued. The report examined the top 330 U.S.
real estate
Sunday, June 19, 2011
'The Killing' Season Finale Preview - Crave Online
ramsdenjerrieas54.blogspot.com
Boston Globe | 'The Killing' Season Finale Preview Crave Online And in the penultimate episode last Sunday, Detectives Linden (Mireille Enos) and Holder (Joel Kinnaman) separately came to the conclusion that Richmond himself was the killer, with Linden caught in Richmond's apartment when she made the discovery. ... Murder and Melodrama: An Obsessive Killer Is Revealed in a Stylish Whodunit 'The Killing' season finale preview: Joel Kinnaman talks Linden's big decision ... 'The Killing' finale reveals who took the life of Rosie Larson |
Friday, June 17, 2011
Downtown at the Gardens faces foreclosure - Austin Business Journal:
http://www.laptops-computers.us//Mobile-Edge-Mini-Messenger-Bag-Black-Pin-iB000GFJEHO.html
The 337,000-square-foot shopping complex opened in 2005 with high hope s of capitalizing on the wealthy residentzs of northern PalmBeacg County, but it has lost many of its originalk tenants. Downtown at the Gardenx is ownedby , a joinyt venture between Skokie, Ill.-based and the . manages the shopping center. Main tenants include Cobb , the , TooJay’s and RA Sushi. Downtowb at the Gardens was a success initially, but a flawee design and expensive rent didit in, said Orin VP of ' retail services group in Boca Raton.
Peoplse frequented the movie theater and restaurants on the exteriorr ofthe project, but the retaileras on the inside are dying because they get sparsse foot traffic, he said. "It wasn't designed to have a proper flow of traffix throughthe project," Rosenfeld said. "They need to get someone inside there to drawpeople in." A messagse left at the management offic of Downtown at the Gardens was not immediately returned. On July 1, BH AABE an affiliate of Boca Raton-based and Rockville, Md.-basecd Berman Enterprises, filed a foreclosure complain tagainst , according to Palm Beach County Circuit Cour t records.
It seeks foreclosure on the at 11701 Lake VictoriqaGardens Ave., based on a mortgage made for $140 The affiliate of Ashkenazy Agus Ventures bought the shopping center’ws mortgage from in January. In April, it signer a modification agreement withthe mall’s owner that required it to make a $3.3 million escrow deposit as additional security until the property improvees its debt services coverage ratio and its occupanc y rate. West Palm Beach-based attorney Gary M. Dunkel, who representxs the Ashkenazy & Agus Ventures in the said Downtown at the Gardens Associate s missed the June 1mortgage payment.
He said the developer is workinfg with his client on a smooth transition to hand over the They filed a joint stipulated judgment of foreclosure proposa l withthe court. “My clients are multigenerationa l realestate developers,” Dunkel said. “Their intention is to invest in this projec t and revitalize Downtown atthe Gardens. They want to make it the significan t project that it was expectedto be.
”
The 337,000-square-foot shopping complex opened in 2005 with high hope s of capitalizing on the wealthy residentzs of northern PalmBeacg County, but it has lost many of its originalk tenants. Downtown at the Gardenx is ownedby , a joinyt venture between Skokie, Ill.-based and the . manages the shopping center. Main tenants include Cobb , the , TooJay’s and RA Sushi. Downtowb at the Gardens was a success initially, but a flawee design and expensive rent didit in, said Orin VP of ' retail services group in Boca Raton.
Peoplse frequented the movie theater and restaurants on the exteriorr ofthe project, but the retaileras on the inside are dying because they get sparsse foot traffic, he said. "It wasn't designed to have a proper flow of traffix throughthe project," Rosenfeld said. "They need to get someone inside there to drawpeople in." A messagse left at the management offic of Downtown at the Gardens was not immediately returned. On July 1, BH AABE an affiliate of Boca Raton-based and Rockville, Md.-basecd Berman Enterprises, filed a foreclosure complain tagainst , according to Palm Beach County Circuit Cour t records.
It seeks foreclosure on the at 11701 Lake VictoriqaGardens Ave., based on a mortgage made for $140 The affiliate of Ashkenazy Agus Ventures bought the shopping center’ws mortgage from in January. In April, it signer a modification agreement withthe mall’s owner that required it to make a $3.3 million escrow deposit as additional security until the property improvees its debt services coverage ratio and its occupanc y rate. West Palm Beach-based attorney Gary M. Dunkel, who representxs the Ashkenazy & Agus Ventures in the said Downtown at the Gardens Associate s missed the June 1mortgage payment.
He said the developer is workinfg with his client on a smooth transition to hand over the They filed a joint stipulated judgment of foreclosure proposa l withthe court. “My clients are multigenerationa l realestate developers,” Dunkel said. “Their intention is to invest in this projec t and revitalize Downtown atthe Gardens. They want to make it the significan t project that it was expectedto be.
”
Wednesday, June 15, 2011
Byrd, Keller Williams team up - Denver Business Journal:
asafevboriegum.blogspot.com
Byrd is heading up Keller Cary commercial real estate He andMike Clifton, one of his colleaguesx at Byrd Commercial, are the only employee s in the new office, but Byrd says he is lookingh to hire more. “kI am definitely in a recruit moderight now,” he says. Byrd says he hopes to employt 12 to 15 brokers at the office within the first yearor so. “I’ve already been overruj with commercial referrals,” Byrd says. “Thre residential market sucked us all into ablacik hole, but there are stil l tons of opportunities if you know wherwe to look.
” Byrd has been activelu engaged with Keller Williams for about a month and is currentl y in the process of wrappingh up the activity that he had while at Byrd which he founded in 1989. Byrd’s company employed five brokersin 2008. is one of the top five residentiak real estate agencies in the Triangle according to TrianglerBusiness Journal, launched its commerciao division in 2008.
Byrd is heading up Keller Cary commercial real estate He andMike Clifton, one of his colleaguesx at Byrd Commercial, are the only employee s in the new office, but Byrd says he is lookingh to hire more. “kI am definitely in a recruit moderight now,” he says. Byrd says he hopes to employt 12 to 15 brokers at the office within the first yearor so. “I’ve already been overruj with commercial referrals,” Byrd says. “Thre residential market sucked us all into ablacik hole, but there are stil l tons of opportunities if you know wherwe to look.
” Byrd has been activelu engaged with Keller Williams for about a month and is currentl y in the process of wrappingh up the activity that he had while at Byrd which he founded in 1989. Byrd’s company employed five brokersin 2008. is one of the top five residentiak real estate agencies in the Triangle according to TrianglerBusiness Journal, launched its commerciao division in 2008.
Sunday, June 12, 2011
Wirjawan Says Indonesia's Fiscal Position Is `Sound' - Washington Post
bafepexu.wordpress.com
Wirjawan Says Indonesia's Fiscal Position Is `Sound' Washington Post June 13 (Bloomberg) -- Gita Wirjawan, chairman of Indonesia's Investment Coordinating Board, talks about the country's fiscal health and government's efforts to reduce corruption. Wirjawan speaks from Jakarta with Susan Li on Bloomberg Television's ... |
Friday, June 10, 2011
Chart: College-Educated Immigrants Outnumber Low-Skilled Ones in US - The Atlantic Wire
ufysyho.wordpress.com
The Atlantic Wire | Chart: College-Educated Immigrants Outnumber Low-Skilled Ones in US The Atlantic Wire Yet a new report from the Brookings Institution pushes back against this stereotype, showing there are actu » |
Wednesday, June 8, 2011
Facebook facial recognition enabled, privacy settings change again - MyBroadband
elisovadinaimar.blogspot.com
DailyTech | Facebook facial recognition enabled, privacy settings change again MyBroadband Facebook's facial recognition automatic » |
Monday, June 6, 2011
KERA purchases 91.7 FM radio license - Dallas Business Journal:
inupujyfab1211.blogspot.com
or KERA, said this week that the publi broadcasting outlet has acquiredthe non-commerciall radio license for 91.7 FM. The not-for-profit Dallazs radio and television station provider covers thegreatefr Dallas-Fort Worth area. Under KERA’s 91.7 FM will switch to a public radilo music format with the content catering to adultas who are in search of diverse music in the areazof folk, acoustic, world music, alternative, indie rock and “This acquisition allows KERA to significantly advancr its mission and strategic direction by increasing publifc media services for the people of Northy Texas,” said Mary Anne KERA’s president & CEO.
“The new statioh will be a public radio musivc format programmed with the North Texas audiencrin mind. It will be a terrific complemengtto KERA’s news and information statiohn 90.1 FM and a substantial addition to KERA’s overall multimedia services for the public.” The station’zs new programming will begin in the A name for the radio station has yet to be
or KERA, said this week that the publi broadcasting outlet has acquiredthe non-commerciall radio license for 91.7 FM. The not-for-profit Dallazs radio and television station provider covers thegreatefr Dallas-Fort Worth area. Under KERA’s 91.7 FM will switch to a public radilo music format with the content catering to adultas who are in search of diverse music in the areazof folk, acoustic, world music, alternative, indie rock and “This acquisition allows KERA to significantly advancr its mission and strategic direction by increasing publifc media services for the people of Northy Texas,” said Mary Anne KERA’s president & CEO.
“The new statioh will be a public radio musivc format programmed with the North Texas audiencrin mind. It will be a terrific complemengtto KERA’s news and information statiohn 90.1 FM and a substantial addition to KERA’s overall multimedia services for the public.” The station’zs new programming will begin in the A name for the radio station has yet to be
Friday, June 3, 2011
Creative Loafing COO Kirk MacDonald heads back to Denver - Orlando Business Journal:
cahijisebi.wordpress.com
MacDonald will take over as executived vice presidentfor sales, marketintg and digital sales for the , the one-time partnership group that included the and until the latter folded last February, accordintg to the Chicago Reader . MacDonald joined Creative Loafing in 2006 aftee resigning as chief executive officer of the Denvere Newspaper Agency but continued to live in Denver instead of relocating toCreative Loafing’s headquarters in Tampa.
In Septembed 2008 he became publisher of the ChicagoReadefr , relocating there, around the same time Creative Loafingb filed for protection from its creditors using Chapteer 11 in a Tampa bankruptcy Creative Loafing’s chief executive officer, Ben Eason, will temporarilhy take over the role of chiecf operating officer. The company spent the first part of the year in a bittedr battlewith , which it owes $31 million that was used to purchasr the Chicago Reader and in the District of Columbi a in 2007. Atalaya had sought to gain controp of the alternative weekly newspapedr publisher but lost that bid in March when a judgw in Tampa sidedwith Eason.
Creative Loafing had unti Tuesday to file any amendments to its most recengt plan of organization filedMay 11. Among the issuexs addressed under the new a new group consisting of which Creative Loafingowed $10 million to just beford the bankruptcy filing — and Eason will purchase stocm in a reorganized Creative Loafing for $500,000 in cash as well as an in-kindf contribution to lease 14,000 square feet of commercial spacw in Atlanta for six years valued at $196,00o0 annually that will be used for Creativs Loafing Atlanta Inc., according to bankruptc court documents.
After that, $500,000 will be used to pay allowed administrativre claims and priority tax whileanother $1 millionm will be used for supplemental funding for Creatived Loafing’s ongoing business. Any remaining money will be paid to thoswe holdingspecific claims, including outstanding loans made to the company. Creative Loafing has publicationsin Sarasota, Atlanta, Chicago, Washington and N.C. It claims a combined circulationmof 425,000.
MacDonald will take over as executived vice presidentfor sales, marketintg and digital sales for the , the one-time partnership group that included the and until the latter folded last February, accordintg to the Chicago Reader . MacDonald joined Creative Loafing in 2006 aftee resigning as chief executive officer of the Denvere Newspaper Agency but continued to live in Denver instead of relocating toCreative Loafing’s headquarters in Tampa.
In Septembed 2008 he became publisher of the ChicagoReadefr , relocating there, around the same time Creative Loafingb filed for protection from its creditors using Chapteer 11 in a Tampa bankruptcy Creative Loafing’s chief executive officer, Ben Eason, will temporarilhy take over the role of chiecf operating officer. The company spent the first part of the year in a bittedr battlewith , which it owes $31 million that was used to purchasr the Chicago Reader and in the District of Columbi a in 2007. Atalaya had sought to gain controp of the alternative weekly newspapedr publisher but lost that bid in March when a judgw in Tampa sidedwith Eason.
Creative Loafing had unti Tuesday to file any amendments to its most recengt plan of organization filedMay 11. Among the issuexs addressed under the new a new group consisting of which Creative Loafingowed $10 million to just beford the bankruptcy filing — and Eason will purchase stocm in a reorganized Creative Loafing for $500,000 in cash as well as an in-kindf contribution to lease 14,000 square feet of commercial spacw in Atlanta for six years valued at $196,00o0 annually that will be used for Creativs Loafing Atlanta Inc., according to bankruptc court documents.
After that, $500,000 will be used to pay allowed administrativre claims and priority tax whileanother $1 millionm will be used for supplemental funding for Creatived Loafing’s ongoing business. Any remaining money will be paid to thoswe holdingspecific claims, including outstanding loans made to the company. Creative Loafing has publicationsin Sarasota, Atlanta, Chicago, Washington and N.C. It claims a combined circulationmof 425,000.
Wednesday, June 1, 2011
Warren Buffett sells remaining Constellation shares - The Business Journal of the Greater Triad Area:
tower-tennesseea.blogspot.com
Buffett, his company (NYSE: BRK.B), and that company’s subsidiary , are each no longer stockholders inConstellation (NYSE: CEG), accordingb to a form with the Securities and Exchangw Commission filed Monday. They have been slowly divestingy the stock over the past weeksxand months, owning 7.3 percent in February and 6.3 percentg last month. The sale ends the relationshipl between the investorand Constellation, one of two Fortund 500 companies in Baltimore Iowa-based MidAmerican got a 10 percent stakre in Constellation when its $4.7 billioj bid for the company made in September was rejected threee months late.
That offer came after a cash cruncgh led to a steep declinein Constellation’s stocok price over several days and some investors feared bankruptcy. Constellation spurnecd the offer in favor of a deal tosell 49.99 percenf of its nuclear business for $4.5 billion to French firm , whicg had also been in the bidding for the company in September. For the cancelation, Constellation had to pay $175 milliohn in breakup fees and $418 million for It also had to repaya $1 billion loan from Buffett with 14 percenf interest. A decision on whether the deal with EDF requires Marylans approval is expected in a The deal is expected to closethis fall.
Buffett, his company (NYSE: BRK.B), and that company’s subsidiary , are each no longer stockholders inConstellation (NYSE: CEG), accordingb to a form with the Securities and Exchangw Commission filed Monday. They have been slowly divestingy the stock over the past weeksxand months, owning 7.3 percent in February and 6.3 percentg last month. The sale ends the relationshipl between the investorand Constellation, one of two Fortund 500 companies in Baltimore Iowa-based MidAmerican got a 10 percent stakre in Constellation when its $4.7 billioj bid for the company made in September was rejected threee months late.
That offer came after a cash cruncgh led to a steep declinein Constellation’s stocok price over several days and some investors feared bankruptcy. Constellation spurnecd the offer in favor of a deal tosell 49.99 percenf of its nuclear business for $4.5 billion to French firm , whicg had also been in the bidding for the company in September. For the cancelation, Constellation had to pay $175 milliohn in breakup fees and $418 million for It also had to repaya $1 billion loan from Buffett with 14 percenf interest. A decision on whether the deal with EDF requires Marylans approval is expected in a The deal is expected to closethis fall.
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