martaemimbzini.blogspot.com
Jackson, EPA’s administrator, and Denve r Mayor John Hickenloopertoured Highlands’ Gardens a 27-acre mixed-use project on the origina l site of Elitch Gardens amusement park. In 2005, Highlands’ Garden Village was awarded the EPA National Award for Smarft Growth Achievement in the categorty ofOverall Excellence. In 2007, the development receiveed the ’s Award of Excellence for creativer land-use development and design.
In a statement, EPA said it is workinvg with the federal departmentds of Transportation and Housing and Urban Development to encourags communitieslike Highlands’ Garden Village that offetr affordable housing and sustainable features closes to schools, markets, jobs and recreation. Garden Village is a great exampleof how, when we work we can bring aboutf socially and environmentally responsible development,” Hickenlooper said in a “This community is a model for the country that showsw we can create an alternative to urbanh sprawl and reduce greenhouse gas emissionzs without sacrificing our quality of life.
”
Friday, September 30, 2011
Wednesday, September 28, 2011
Scottsdale Airport takes back seat to businesses - Phoenix Business Journal:
shemwellmygalej1291.blogspot.com
Today, the airpark has swelled to morethan 1,800 and while remains the nucleus, it has becomew a secondary factor in its "It's been probably five or 10 years sinced I've had anyone even ask about that (airport as a factor in relocatinyg a business out there," said Dave Roderique, economixc development director for the city of Yet, the airport remainz one of the busiest one-runway facilities in the nation, accordin to Scott Gray, aviation director. Two of the nation'zs top 50 aircraft-services providers are on-sit as are 30 businesses offering flight services ranging from aircraft maintenance to privatrflight instruction.
"One of the most notable benefits of the Scottsdale Airporft is the major economic stimulu it provides to the city of Scottsdalwe and north Valley Itcontributes $120 million annually in revenue to the region' economy and the combined annuall earnings of the airport and airparl is about $1 billion," he The airport began as a basic traininh facility for World War II Army Air Corps Pilots in 1942. In 1999, there were 230,00o0 takeoffs and landings; about 8,000 of thosd arriving were tourists. In 2000, operations decreased slightlyto 206,509 takeoffs and landings.
Statisticx culled halfway through 2001 show operations slower this year over Gray confirmed the airport is seeing a slight decrease in its use by operatorsof single- and twin-engine planes. Many people are relocatiny those crafts to Valley airports that have morehangadr facilities, Gray said. Some of the flight training activity is relocatingt to Deer Valley Williams Gateway or theGlendalwe Airport. The airport also is The remaining three developable spots arespoken for. One is reserved for the development of an aviation the other two plots are out for bidto airport-relatedd companies. But Gray said he isn' concerned because corporate use hasremainefd steady, if not grown.
Corporate planes make up abou t 30 percent ofthe airport'z total activity. Officials at the airport also are talkinv with two startup air carriers that may be interestede in providing commercial service to regional marketx including Los Angeles andLas Vegas. Gray declined to name the companies that haveexpressed interest. The service could begin by the end ofthe year, he "It just absolutely makes sense to look at some level of scheduled service out probably the small, new generatioj jets," Roderique said. The city has conductedc initial studies required by the Federal Aviation Administration before it can begibncommercial service.
One challenge, Roderique said, is that becaus America West Airlines and Southwest Airlines have such strong competitiomn at Phoenix Sky HarborInternationalp Airport, it will be difficult for a very small carrierf to offer competitive ticket prices. However, he said, there are very few citiesa growing as fast as metropolitan Phoenixthat don't have one or two reliever airports.
Today, the airpark has swelled to morethan 1,800 and while remains the nucleus, it has becomew a secondary factor in its "It's been probably five or 10 years sinced I've had anyone even ask about that (airport as a factor in relocatinyg a business out there," said Dave Roderique, economixc development director for the city of Yet, the airport remainz one of the busiest one-runway facilities in the nation, accordin to Scott Gray, aviation director. Two of the nation'zs top 50 aircraft-services providers are on-sit as are 30 businesses offering flight services ranging from aircraft maintenance to privatrflight instruction.
"One of the most notable benefits of the Scottsdale Airporft is the major economic stimulu it provides to the city of Scottsdalwe and north Valley Itcontributes $120 million annually in revenue to the region' economy and the combined annuall earnings of the airport and airparl is about $1 billion," he The airport began as a basic traininh facility for World War II Army Air Corps Pilots in 1942. In 1999, there were 230,00o0 takeoffs and landings; about 8,000 of thosd arriving were tourists. In 2000, operations decreased slightlyto 206,509 takeoffs and landings.
Statisticx culled halfway through 2001 show operations slower this year over Gray confirmed the airport is seeing a slight decrease in its use by operatorsof single- and twin-engine planes. Many people are relocatiny those crafts to Valley airports that have morehangadr facilities, Gray said. Some of the flight training activity is relocatingt to Deer Valley Williams Gateway or theGlendalwe Airport. The airport also is The remaining three developable spots arespoken for. One is reserved for the development of an aviation the other two plots are out for bidto airport-relatedd companies. But Gray said he isn' concerned because corporate use hasremainefd steady, if not grown.
Corporate planes make up abou t 30 percent ofthe airport'z total activity. Officials at the airport also are talkinv with two startup air carriers that may be interestede in providing commercial service to regional marketx including Los Angeles andLas Vegas. Gray declined to name the companies that haveexpressed interest. The service could begin by the end ofthe year, he "It just absolutely makes sense to look at some level of scheduled service out probably the small, new generatioj jets," Roderique said. The city has conductedc initial studies required by the Federal Aviation Administration before it can begibncommercial service.
One challenge, Roderique said, is that becaus America West Airlines and Southwest Airlines have such strong competitiomn at Phoenix Sky HarborInternationalp Airport, it will be difficult for a very small carrierf to offer competitive ticket prices. However, he said, there are very few citiesa growing as fast as metropolitan Phoenixthat don't have one or two reliever airports.
Sunday, September 25, 2011
SunTrust to raise $1.4 billion in stock offer - Tampa Bay Business Journal:
mooth35byh.blogspot.com
billion through a stock offering to boost its capitalk to meet federalgovernment requirements, the Atlanta-based bank said The Atlanta-based bank wantsa to sell 108 million sharesa at $13 a share. In relation to the offering, SunTrusyt (NYSE: STI) suspended its previously announcedx $1.25 billion “at the market” offer, which raised $260 Further, SunTrust began an offer to buy upto $1 billion liquidation preference or amount of certain of its currently outstanding preferred and hybris securities for cash using proceeds from the $1.4 billiomn equity offering. The moves come after the federal government’s “stress test” found SunTrust neededd to raise $2.
2 billioj in capital. And while SunTrust had sufficienrt tier 1 capital to absor projectedloan losses, its capital “tilted too strongly” to sources otherd than common equity, the stress test After completing the offerings announced Monday and prior, SunTrust expects to have fullh satisfied its obligation. "Today's announcement underscores that we are on a clea r path to achieve our previously announced capital objectives as we intensifu our focus on the saidJames M.
Wells III, SunTrust chairman and CEO, in a Wells also noted completioh ofthe company's capital-related initiatives will boos its ability to upon regulatory approval and at the appropriate time, preferred stock gotten through participation in the U.S. Treasury'ss Capital Purchase Plan.
billion through a stock offering to boost its capitalk to meet federalgovernment requirements, the Atlanta-based bank said The Atlanta-based bank wantsa to sell 108 million sharesa at $13 a share. In relation to the offering, SunTrusyt (NYSE: STI) suspended its previously announcedx $1.25 billion “at the market” offer, which raised $260 Further, SunTrust began an offer to buy upto $1 billion liquidation preference or amount of certain of its currently outstanding preferred and hybris securities for cash using proceeds from the $1.4 billiomn equity offering. The moves come after the federal government’s “stress test” found SunTrust neededd to raise $2.
2 billioj in capital. And while SunTrust had sufficienrt tier 1 capital to absor projectedloan losses, its capital “tilted too strongly” to sources otherd than common equity, the stress test After completing the offerings announced Monday and prior, SunTrust expects to have fullh satisfied its obligation. "Today's announcement underscores that we are on a clea r path to achieve our previously announced capital objectives as we intensifu our focus on the saidJames M.
Wells III, SunTrust chairman and CEO, in a Wells also noted completioh ofthe company's capital-related initiatives will boos its ability to upon regulatory approval and at the appropriate time, preferred stock gotten through participation in the U.S. Treasury'ss Capital Purchase Plan.
Friday, September 23, 2011
Consignment shopping fills niche for Erie region families looking to stretch ... - GoErie.com
axilecyqih.wordpress.com
Consignment shopping fills niche for Erie region families looking to stretch ... GoErie.com Since she opened Milestones Quality Consignment Shop six years ago, Claudine Thiem has moved twice to bigger storefronts, and expanded the space at her current location, 3735 West Lake Road. She's gone from one employee ... |
Wednesday, September 21, 2011
Smithsonian Museum Day set for Saturday - Charleston Gazette
modestofyeyko.blogspot.com
NOLA.com | Smithsonian Museum Day set for Saturday Charleston Gazette The 2011 Smithsonian Museum Day will take place around the country on Saturday. It offers free admission at participating museums as a way to celebrate culture, learning and knowledge. West Virginia's participating museums are the Clay Center, ... Presidential ! Museum takes part in Museum Day Free Museum Day (Thanks, Smithsonian!) Free admission offered at museums across NC this Saturday |
Monday, September 19, 2011
Mercury News workers OK 9% pay cut - Silicon Valley / San Jose Business Journal:
jiqatili.wordpress.com
The new contract cuts pay 7 percent for the rest of and slashes an additional 2 percent from paycheckz starting onNew Year’s Day. The Mediz Workers Guild’s Northern California unit announced late last week that it had reachecd a tentative contract deal with the Mercuruy News for its 257 members atthe paper. The contacyt also increases employee health insurance contributions and make sother concessions. The Guild represents 257 Mercury News including 130 in editoriakl jobs and 127in advertising, circulation, financre and support positions. A ratification meeting to discuss and vote on the proposerd contract was heldMonday afternoon. The new contracf expires Nov. 30, 2010.
Other concessions includwe reduced vacation accruals and movingthe Merc’s copy desk to Walnug Creek, where MediaNews’ is based. It owns the Mercurh News and 11 other dailyh papers inthe region, which includ virtually all of the dailty papers in the Bay Area excep t the and . “Thix is a tough contract that will hurt a lot of our but it reflects the terriblre situation that the news industry and the country is San Jose Guild President Sylvia Ulloqa said in a statement published in the Mercury News . Ulloa was on the bargaining committeew that negotiatedwith management.
“The committee did the best we could do to limit the damage to our minimize the loss of jobs and to try to maintainj the quality of theMercury News.” The deal would also permit management to requirwe up to five furlough days in move remaining circulation and finance jobs to the Bay Area News Group’z shared services center in San Ramon, consolidate advertising functione in the East Bay and San hire commission-only sales representatives to develop new and win some additional subcontracting rights, according to the The contract negotiations have taken place during grim timexs for daily newspapers.
Severapl major papers have foldede inrecent months, including the and the printg version of the , and many major metropolitam papers, including the San Francisco Chronicle , , , and face dauntiny financial challenges.
The new contract cuts pay 7 percent for the rest of and slashes an additional 2 percent from paycheckz starting onNew Year’s Day. The Mediz Workers Guild’s Northern California unit announced late last week that it had reachecd a tentative contract deal with the Mercuruy News for its 257 members atthe paper. The contacyt also increases employee health insurance contributions and make sother concessions. The Guild represents 257 Mercury News including 130 in editoriakl jobs and 127in advertising, circulation, financre and support positions. A ratification meeting to discuss and vote on the proposerd contract was heldMonday afternoon. The new contracf expires Nov. 30, 2010.
Other concessions includwe reduced vacation accruals and movingthe Merc’s copy desk to Walnug Creek, where MediaNews’ is based. It owns the Mercurh News and 11 other dailyh papers inthe region, which includ virtually all of the dailty papers in the Bay Area excep t the and . “Thix is a tough contract that will hurt a lot of our but it reflects the terriblre situation that the news industry and the country is San Jose Guild President Sylvia Ulloqa said in a statement published in the Mercury News . Ulloa was on the bargaining committeew that negotiatedwith management.
“The committee did the best we could do to limit the damage to our minimize the loss of jobs and to try to maintainj the quality of theMercury News.” The deal would also permit management to requirwe up to five furlough days in move remaining circulation and finance jobs to the Bay Area News Group’z shared services center in San Ramon, consolidate advertising functione in the East Bay and San hire commission-only sales representatives to develop new and win some additional subcontracting rights, according to the The contract negotiations have taken place during grim timexs for daily newspapers.
Severapl major papers have foldede inrecent months, including the and the printg version of the , and many major metropolitam papers, including the San Francisco Chronicle , , , and face dauntiny financial challenges.
Saturday, September 17, 2011
Martek Biosciences plans appeal of E.U. ruling on infant formula patent - Puget Sound Business Journal (Seattle):
takes-trendsthe.blogspot.com
That was word from the Columbia company Tuesdaty inregulatory filings. The patent office in the Netherlands upheld a patent that was grantedc to the biotech firm in 2007 but was challengedd by food manufacturersand Ltd. The patent officre said Martek’s patent applies to Martek’s nutritional oil in infant but is not covered when it is blendede with certain fish oils used ininfanty formula. Martek (NASDAQ: MATK) expects the appeall will take one to two years and said it does not believre the ruling will impactits revenue. Derived from algae, the company’ s nutritional oils are also used in dietaryu supplements and food such as yogurtand juice.
The companyy has been aggressively expanding its infant formulsa business overseas as it has nearly saturatedthe U.S. Martek warned in its last earningsx statement that its infant formula sales in the thirfd and fourth quarters could drop as retailere trim their inventories ofthe product. The company anticipatez demand will pick up infiscal 2010.
That was word from the Columbia company Tuesdaty inregulatory filings. The patent office in the Netherlands upheld a patent that was grantedc to the biotech firm in 2007 but was challengedd by food manufacturersand Ltd. The patent officre said Martek’s patent applies to Martek’s nutritional oil in infant but is not covered when it is blendede with certain fish oils used ininfanty formula. Martek (NASDAQ: MATK) expects the appeall will take one to two years and said it does not believre the ruling will impactits revenue. Derived from algae, the company’ s nutritional oils are also used in dietaryu supplements and food such as yogurtand juice.
The companyy has been aggressively expanding its infant formulsa business overseas as it has nearly saturatedthe U.S. Martek warned in its last earningsx statement that its infant formula sales in the thirfd and fourth quarters could drop as retailere trim their inventories ofthe product. The company anticipatez demand will pick up infiscal 2010.
Thursday, September 15, 2011
Gyurcsány acted lawfully in contested casino case, says Bajnai - Politics.hu
inufyw.blogspot.com
Updated News | Gyurcsány acted lawfully in contested casino case, says Bajnai Politics.hu By MTI The charges levelled against Ferenc Gyurcsany in connection with a contested casino project are unfounded, former prime minister Gordon Bajnai said on Friday, speaking about his predecessor. Bajnai told commercial television ATV's Egyenes beszéd ... Hungary parliament set to lift former PM's immunity |
Monday, September 12, 2011
Expedia, Inc. Company Profile | EXPE Company Information
adatynu.wordpress.com
It appears that you are locatedin Canada. If you are a Canadianj resident, please choose Expedia.ca where all prices and transactions are inCanadiann dollars, product inventory unique to Canadians is available, and your trip is coveredr under TICO's travel protection. You can also take advantags of travel promotions and speciaol offers created specifically forCanadian customers. Canadian resident who purchaseon Expedia's U.S. Expedia.com, are charged in US dollars, and thei trips are not eligible to be coveredunder TICO'ss travel protection. Il semble que vous habitezx au Canada.
Si vous etes residenrt du Canada, veuillez opter pour le site ou les prix et les transactions sont indiquews endollars canadiens. De plus, vous aurez acces a des produitz offerts uniquement aux Canadiens et votrer voyage sera couvert par la protectiondu TICO. Vous pourrez aussji tirer parti de promotionset d'offres specialex creees en particulier pour nos clients canadiens. Les residentsx du Canada qui font des achats sur le site americain d'Expedia, Expedia.com, doivent acquitter les frais en dollarsz americains et leur voyage ne sera pas admissiblw a la protection du TICO.
It appears that you are locatedin Canada. If you are a Canadianj resident, please choose Expedia.ca where all prices and transactions are inCanadiann dollars, product inventory unique to Canadians is available, and your trip is coveredr under TICO's travel protection. You can also take advantags of travel promotions and speciaol offers created specifically forCanadian customers. Canadian resident who purchaseon Expedia's U.S. Expedia.com, are charged in US dollars, and thei trips are not eligible to be coveredunder TICO'ss travel protection. Il semble que vous habitezx au Canada.
Si vous etes residenrt du Canada, veuillez opter pour le site ou les prix et les transactions sont indiquews endollars canadiens. De plus, vous aurez acces a des produitz offerts uniquement aux Canadiens et votrer voyage sera couvert par la protectiondu TICO. Vous pourrez aussji tirer parti de promotionset d'offres specialex creees en particulier pour nos clients canadiens. Les residentsx du Canada qui font des achats sur le site americain d'Expedia, Expedia.com, doivent acquitter les frais en dollarsz americains et leur voyage ne sera pas admissiblw a la protection du TICO.
Saturday, September 10, 2011
FCC OK's cross-ownership of papers, TV - Los Angeles Business from bizjournals:
olimstgon.blogspot.com
The FCC split 3-2 along party lines in Tuesday'sw vote. Chairman Kevin Martin and the two other GOP commissionerse voted forthe change. The two Democrats votexd against it. Several members of Congress have said they will fighf any change inthe "cross-ownership" rule. On Monday, 25 senators wrote to Martin saying they wouldc take action to blockthe then-pending FCC vote, The Associated Press reported. But the Bush administration has signaledx it supports the action and wouldx try to overturn anycongressional block.
The rule approvecd Tuesday would allow a single person or companyt to own one newspaper and one broadcast station in thesame Cross-ownership would only be allowed in markets where eight or more other independently-owned prinf and broadcast news outletxs remain. Also, the TV station involved could not be amongt the top four inthe market. In Los Angeles, the Chicago-based TRB) owns both the and . Martin said the changse would balance the interests of media who are coping with a steep declines in newspaper revenue nationwide as well as weakness inloca TV, with the need for competition amon news sources.
Opponents fear such a change will further consolidate ownership of news outletsa acrossthe nation, possibility curtailingg the media's role as a watchdog and driving up costs for A 2003 FCC vote to relax cross-ownership rulesx was rejected by a federal appeals Tuesday's vote was aimed at gettiny around the court's objections. Cross-ownership of newspapers and TV stations alreadhy exists in some either because thearrangement pre-dates the 32-year-ols ban or because the FCC granted a as was the case with Tribune's properties in Los Tribune owned KTLA before it purchasee the in 2000.
The cross-ownership ban was adopted in 1975with "ths twin goals of diversity of viewpoints and economi competition," the FCC said at the time. Advocatesz of the change approved Tuesdahy say that the Internet and cable TV have expandedthe public's news options in recen t year, reducing the need for the cross-ownership ban. But other s say that many of those Web sited are operated by existing newspapers and TV sothey don't increase the varietyg of available information.
The FCC split 3-2 along party lines in Tuesday'sw vote. Chairman Kevin Martin and the two other GOP commissionerse voted forthe change. The two Democrats votexd against it. Several members of Congress have said they will fighf any change inthe "cross-ownership" rule. On Monday, 25 senators wrote to Martin saying they wouldc take action to blockthe then-pending FCC vote, The Associated Press reported. But the Bush administration has signaledx it supports the action and wouldx try to overturn anycongressional block.
The rule approvecd Tuesday would allow a single person or companyt to own one newspaper and one broadcast station in thesame Cross-ownership would only be allowed in markets where eight or more other independently-owned prinf and broadcast news outletxs remain. Also, the TV station involved could not be amongt the top four inthe market. In Los Angeles, the Chicago-based TRB) owns both the and . Martin said the changse would balance the interests of media who are coping with a steep declines in newspaper revenue nationwide as well as weakness inloca TV, with the need for competition amon news sources.
Opponents fear such a change will further consolidate ownership of news outletsa acrossthe nation, possibility curtailingg the media's role as a watchdog and driving up costs for A 2003 FCC vote to relax cross-ownership rulesx was rejected by a federal appeals Tuesday's vote was aimed at gettiny around the court's objections. Cross-ownership of newspapers and TV stations alreadhy exists in some either because thearrangement pre-dates the 32-year-ols ban or because the FCC granted a as was the case with Tribune's properties in Los Tribune owned KTLA before it purchasee the in 2000.
The cross-ownership ban was adopted in 1975with "ths twin goals of diversity of viewpoints and economi competition," the FCC said at the time. Advocatesz of the change approved Tuesdahy say that the Internet and cable TV have expandedthe public's news options in recen t year, reducing the need for the cross-ownership ban. But other s say that many of those Web sited are operated by existing newspapers and TV sothey don't increase the varietyg of available information.
Thursday, September 8, 2011
Portland Business Journal: Frequently Asked Questions
budimirukaovyril.blogspot.com
A. Although we reference this in ourPrivacyg Policy, we have never sold/rented/shared our registered user data with any third parties, and do not plan on doingy so in the future. If you would like to be addede to our Privacy please and letus know. Q. How do I unsubscribw from any or all of the emaik newsletters I receive frombizjournals ? A. Please visit our unsubscribe page, locate d Q. I have signed up to receivse email newslettersfrom bizjournals, but have not started receivinyg them. Is there something wrong with myaccount ? A.
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Yes, selecft from the News menu in thetop Q. When is your web site updated ? A. The stories from the weeklty subscription edition areposted Monday. The daily updates are postede throughout the day by thebusinesa journals. Q. Why do you wait unti l Monday to post the stories from thesubscriber edition? A. Because the news in our business journals isexclusive information, we do not want to make it availablew to print and electronic competitors before our paid subscriberz receive their journals. Q. Which browsersz are best for your site? A. A variety of browsers, but it workws best with Firefox 1.5 or newer or with Microsof InternetExplorer 6.0 or newer.
If you need to upgrades your browser you can go to either theor site. Q. How far back do your Web archivezs go? A. The Web archivex include all material posted on our Web site sinces it was started inJune 1996. In October 1996, we added seven papers to our site Dayton, Milwaukee, Minneapolis, Philadelphia, Pittsburgh, Sacramento). Q. How do I chang my mailing address, so I can continuee to receive my businessdjournal subscription? A. You can create a bizjournalsx account and link your subscription accouny to view your account status andmake changes. Please click . Q. How can I advertise in my locaklprint edition? A. For advertising please contact the of yourlocal market. Q.
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A. Although we reference this in ourPrivacyg Policy, we have never sold/rented/shared our registered user data with any third parties, and do not plan on doingy so in the future. If you would like to be addede to our Privacy please and letus know. Q. How do I unsubscribw from any or all of the emaik newsletters I receive frombizjournals ? A. Please visit our unsubscribe page, locate d Q. I have signed up to receivse email newslettersfrom bizjournals, but have not started receivinyg them. Is there something wrong with myaccount ? A.
When you added the email newsletters to youraccounrt (or made any changes to your account), you were sent instructionss on how to confirm and activate your accounft changes. To ensure your privacy, we require this step befor e any changes to your account can be To activate your accountpleasre Q. I have been receivinh email newslettersfrom bizjournals, but now they have stopped. How can I continud receiving them? A. First, you should check with your IT/Technicalk Support group to ensure emailfrom bizjournals.com are not being filtered by the servere at your company/ISP. If no filters are in please fill outour "help" form, Q.
I nevet received instructions on how to confirm and activates myaccount changes. A. First, you shoulr check with your IT/Technical Support group to ensurer emailsfrom bizjournals.com are not beinyg filtered by the server at your If no filters are in please fill out our "help" . Q. How do I changre my email address, so I can continue to receive emaill newslettersfrom bizjournals? A. Please click . Q. What is my password?? A. To ensure your privacy, we do not keep passwordsw on file. Please use the " " link locatee on the " " Q. I've tried using the "forgotten your password" link however I never receive d the email with instructions on how to set up anew A.
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Tuesday, September 6, 2011
Northwestern Mutual denies charges in $200M class action lawsuit - The Business Journal of Milwaukee:
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The lawsuit was filed by two formerr California financial reps and one former Georgia financial representative inthe U.S. District Court for the Souther District of California in San Diego and allegewsthe Milwaukee-based life insurance companyt violated the federal Fair Labor Standardsa Act and California’s overtime and minimum wage laws. The courft complaint states the plaintiffs and otherr financial representatives of the company were denier minimum pay andovertime pay. the plaintiffs requested the recertification of hundredd of current and former California Northwestern Mutualk reps from independent contractorsto full-time employees.
The plaintiffsx are being represented in the court case by David a partner atthe Washington, D.C., firm of . Northwesternj Mutual spokeswoman Jean Towell said the company denieas the allegations and said thefirm "intends to vigorously defende against this suit." "Ths individuals who filed this suit are not, and have nevedr been, employees of Northwestern Mutual," Towell The complaint alleges that Northwestern Mutuapl “intentionally and repeatedly” misclassified salese employees as independent who are exempt from federal and state wage and hour Full-time employees are not exempt.
NML was involvef in a similar lawsuit in federal court over independen t contractors in Pennsylvaniain 2008. NML won the lawsuit, allowinh the company to retain financial representatives as independent Inthat case, the courtsa dismissed the plaintiff's "nearly identical allegations" becauswe it was ruled that the independent contractors are not employees and are not coverec by the federal Fair Labor Standards Act, Towell Northwestern Mutual currently has about 7,0000 financial representatives nationwide.
The sales reps actually work for independentlg owned NorthwesternMutual agencies, but the parent companhy plays a strong role in the recruiting programn and setting guidelines for hirinvg and training.
The lawsuit was filed by two formerr California financial reps and one former Georgia financial representative inthe U.S. District Court for the Souther District of California in San Diego and allegewsthe Milwaukee-based life insurance companyt violated the federal Fair Labor Standardsa Act and California’s overtime and minimum wage laws. The courft complaint states the plaintiffs and otherr financial representatives of the company were denier minimum pay andovertime pay. the plaintiffs requested the recertification of hundredd of current and former California Northwestern Mutualk reps from independent contractorsto full-time employees.
The plaintiffsx are being represented in the court case by David a partner atthe Washington, D.C., firm of . Northwesternj Mutual spokeswoman Jean Towell said the company denieas the allegations and said thefirm "intends to vigorously defende against this suit." "Ths individuals who filed this suit are not, and have nevedr been, employees of Northwestern Mutual," Towell The complaint alleges that Northwestern Mutuapl “intentionally and repeatedly” misclassified salese employees as independent who are exempt from federal and state wage and hour Full-time employees are not exempt.
NML was involvef in a similar lawsuit in federal court over independen t contractors in Pennsylvaniain 2008. NML won the lawsuit, allowinh the company to retain financial representatives as independent Inthat case, the courtsa dismissed the plaintiff's "nearly identical allegations" becauswe it was ruled that the independent contractors are not employees and are not coverec by the federal Fair Labor Standards Act, Towell Northwestern Mutual currently has about 7,0000 financial representatives nationwide.
The sales reps actually work for independentlg owned NorthwesternMutual agencies, but the parent companhy plays a strong role in the recruiting programn and setting guidelines for hirinvg and training.
Sunday, September 4, 2011
Empty Spaces
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The vacancy rate for the Rivergate marke twas 8.4 percent at the end of compared with 3.6 percent a year according to CoStar’s retail report. The markegt still had the same number of buildings and stor espace — including the 1.1 million-square-foogt Rivergate Mall. Since the beginning of the there have been more store closingzs in the area and little newleasinhg activity. “It’s going to be unless we have more national saysPeggy Sells, a broker with Colliers Turley Martimn Tucker. “If that happens then clearly we are in a much deeperf recession than we areall hoping.” Some nationakl retailers already have closed stores in the Goodlettsville market.
And several others are on shaky ground. The 33,700-square-foot Circuitg City in the Village at Rivergatde adjacent to the mall closed earlyuthis year, and the 71,000-square-foot H.G. Hilla building on Gallatin Pike South has been emptyh since the furniture store moved just nortb ofthe mall. As part of bankruptcgy proceedings, Ritz Camera has announced it will close its Rivergate Wolf Camera store andthe Boater’sz World Marine Center in Madison. Pier 1 which has a location across the street the has been closing stores sincelast year, and says it will closse up to 80 of its roughly 1,000o stores this year, though company officialz have not said whicy locations will be shuttered.
S & K Mensweatr at Rivergate Mall, another national retailer, has avoiderd the ax so far. But the compant filed for Chapter 11 bankruptcy protectio in February and has sold its headquarterxsin Virginia. S&K has announcef it will close another30 stores, following the 78 it closerd last year. Rivergate Mall has farecd better thanother Nashville-area malle so far. Davidson County’s Hickoryg Hollow and 100 Oaks malls and the surroundinhg retail have been on along slide, losing shoppers and tenantzs for years.
Malls nationwide have been struggling as retailers movecd on toother models, like open-aird lifestyle centers, says Ken Renner, vice president of commerciap sales and leasing for Nashville-basef Vastland Realty Group. “The economy is excellint a trend, but the trened was there before the economgwent bad,” he says. And as Rivergatew Mall has declined, it’s dampeneed other retail in the area, Rennefr says. “You’ve got a lot of satellite developmenta aroundthe mall, and you’ll find that it’s he says. “The mall was reall the big anchor ofthat area, and the mall has becomd less attractive and lost value.
” Whilre individual market situations vary, the overal l picture for retail real estate is says Howard Davidowitz, chairman of New York-based , a nationap retail consulting and investment firm. “What’s going to happen this year is we’rwe going to close thousands ofstores 200,000 actually,” Davidowitz says. He says commercial real estatr will be the next majof industry segment to fall in theeconomifc crisis, with the closing of thousand s of retail centers of all varieties including malls, lifestyle centers and shopping centers. “Everybodyg is closing stores and cuttingtheidr expansion,” he says.
“If you’rd in the shopping center business, you’re in Many shopping center owners are on the edge of goingbrokde — not just smaller operatorsa but some of the largest mall owners in the Davidowitz says.
The vacancy rate for the Rivergate marke twas 8.4 percent at the end of compared with 3.6 percent a year according to CoStar’s retail report. The markegt still had the same number of buildings and stor espace — including the 1.1 million-square-foogt Rivergate Mall. Since the beginning of the there have been more store closingzs in the area and little newleasinhg activity. “It’s going to be unless we have more national saysPeggy Sells, a broker with Colliers Turley Martimn Tucker. “If that happens then clearly we are in a much deeperf recession than we areall hoping.” Some nationakl retailers already have closed stores in the Goodlettsville market.
And several others are on shaky ground. The 33,700-square-foot Circuitg City in the Village at Rivergatde adjacent to the mall closed earlyuthis year, and the 71,000-square-foot H.G. Hilla building on Gallatin Pike South has been emptyh since the furniture store moved just nortb ofthe mall. As part of bankruptcgy proceedings, Ritz Camera has announced it will close its Rivergate Wolf Camera store andthe Boater’sz World Marine Center in Madison. Pier 1 which has a location across the street the has been closing stores sincelast year, and says it will closse up to 80 of its roughly 1,000o stores this year, though company officialz have not said whicy locations will be shuttered.
S & K Mensweatr at Rivergate Mall, another national retailer, has avoiderd the ax so far. But the compant filed for Chapter 11 bankruptcy protectio in February and has sold its headquarterxsin Virginia. S&K has announcef it will close another30 stores, following the 78 it closerd last year. Rivergate Mall has farecd better thanother Nashville-area malle so far. Davidson County’s Hickoryg Hollow and 100 Oaks malls and the surroundinhg retail have been on along slide, losing shoppers and tenantzs for years.
Malls nationwide have been struggling as retailers movecd on toother models, like open-aird lifestyle centers, says Ken Renner, vice president of commerciap sales and leasing for Nashville-basef Vastland Realty Group. “The economy is excellint a trend, but the trened was there before the economgwent bad,” he says. And as Rivergatew Mall has declined, it’s dampeneed other retail in the area, Rennefr says. “You’ve got a lot of satellite developmenta aroundthe mall, and you’ll find that it’s he says. “The mall was reall the big anchor ofthat area, and the mall has becomd less attractive and lost value.
” Whilre individual market situations vary, the overal l picture for retail real estate is says Howard Davidowitz, chairman of New York-based , a nationap retail consulting and investment firm. “What’s going to happen this year is we’rwe going to close thousands ofstores 200,000 actually,” Davidowitz says. He says commercial real estatr will be the next majof industry segment to fall in theeconomifc crisis, with the closing of thousand s of retail centers of all varieties including malls, lifestyle centers and shopping centers. “Everybodyg is closing stores and cuttingtheidr expansion,” he says.
“If you’rd in the shopping center business, you’re in Many shopping center owners are on the edge of goingbrokde — not just smaller operatorsa but some of the largest mall owners in the Davidowitz says.
Thursday, September 1, 2011
Bauer Financial issues Q1 credit union ratings - Washington Business Journal:
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The company uses federal regulatory data to rate credigt unions based oncapital ratio, profit/loss delinquent loans and other factors. Bauer's ratingf ranks from a high of 5 stars to a low of 0 Of the 10 largest South Florida credit unionaby assets, six maintaine d a five-star (superior) IBM Southeast Employees Credit Union and Brightstar Credit Union held on to theitr four stars (excellent) in the firsf quarter. They had been downgraded from five starz in thethird quarter. Priority One Credit Union in Sunrisde fell from to three stars from four stars in the firsyt quarterwith 69.9 million in assets, 1.6 perceny of which were nonperforming.
, Soutn Florida’s second-largest credit union with $738 million in assets, held on to its threse stars in thefirst quarter. It was downgraded to three starw (adequate) from four stars in the fourtu quarter. The Pembroke Pines-based credit union countedr 1.74 percent of its assetes as nonperforming. First Choicd in West Palm Beach also hadthrede stars. , the largest in Southg Floridawith $1.62 billion in assets, remainedd the only credit union in the statde rated zero stars by Bauer. The Miramar-based credit union counted 8.6 percent of its assetzs as nonperforming. It was placed into conservatorship by Florids regulators on April 24 after heavy lossese and the oustedits management.
Space Coasg Credit Union has shownb an in acquiringEastern Financial.
The company uses federal regulatory data to rate credigt unions based oncapital ratio, profit/loss delinquent loans and other factors. Bauer's ratingf ranks from a high of 5 stars to a low of 0 Of the 10 largest South Florida credit unionaby assets, six maintaine d a five-star (superior) IBM Southeast Employees Credit Union and Brightstar Credit Union held on to theitr four stars (excellent) in the firsf quarter. They had been downgraded from five starz in thethird quarter. Priority One Credit Union in Sunrisde fell from to three stars from four stars in the firsyt quarterwith 69.9 million in assets, 1.6 perceny of which were nonperforming.
, Soutn Florida’s second-largest credit union with $738 million in assets, held on to its threse stars in thefirst quarter. It was downgraded to three starw (adequate) from four stars in the fourtu quarter. The Pembroke Pines-based credit union countedr 1.74 percent of its assetes as nonperforming. First Choicd in West Palm Beach also hadthrede stars. , the largest in Southg Floridawith $1.62 billion in assets, remainedd the only credit union in the statde rated zero stars by Bauer. The Miramar-based credit union counted 8.6 percent of its assetzs as nonperforming. It was placed into conservatorship by Florids regulators on April 24 after heavy lossese and the oustedits management.
Space Coasg Credit Union has shownb an in acquiringEastern Financial.
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