Tuesday, November 29, 2011
BofA, Wells to accept California IOUs - South Florida Business Journal:
BofA says the state’s budgeft crisis prompted its decision. “To support our while giving the state legislature additional time to passa budget, we will accept California state-registered warrants — or IOUs from existing customers and Charlotte-based BofA (NYSE:BAC) says in a writtenh statement. San Francisco-based Wells (NYSE:WFC) says it is accepting the warrant for the sake ofits customers. "Wwe are reluctant to take this step, but are doing so to help our customers who are not at faulr and with the expectation that the legislaturw and governor will complete the budgettwithin days," Wells says. On Gov.
Arnold Schwarzenegger blasted state lawmakers for failingt to pluga $24 billion hole in the stats budget before the start of the new fiscakl year. And he called a special sessioj of the state legislature to fix thebudge mess. Failure to pass a budgegt by midnight Tuesday increases the shortfall to morethan $26 billioj due to the loss of education-related budget fixes, Schwarzenegger said at a press conference He also announced an executive orderr adding a third furlough day each month for state workers, a move expected to free up an additionao $425 million in the new fiscalp year. Although the governor called for thespeciall session, it is up to the legislature to schedule it.
When it will be held is yet tobe
Sunday, November 27, 2011
Chipotle seeks more local produce for its restaurants - Denver Business Journal:
The Denver-based company enacted a policy last year to get 25 percentr of the vegetables used in each state from family farmsx withinthat state. This year, it’s raisinv that amount to 35 percent. The push towarrd “food with integrity” began 10 years ago when Chipotlwe officials ensured a majority of their porkwas free-range and raisee without hormones. Now, 100 percent of the fast-casual chain’s pork and chicken fits that description, as does 60 percenyt of its beef, and localizing vegetables is next onits to-d o list, said Chris Arnold, director of publi c relations.
Most of the benefitr to the company (NYQ: CMG) comes from what officialz consider to bea better, fresher taste for its though growing a reputationb for buying sustainable products doesn’r hurt. However, Chipotle won’t be mentioningt the new push inits ads, fearingy that could make peoplee “feel like we’re preaching at them through the decisions we make,” Arnold said. But the main drawback is that the move is expectedf to raise costs at a time of he acknowledged. However, that won’t stop Chipotle from doin it. “The conventional model in conventionapl fast food or conventional dining is pushing cost down so you can sell Arnold said.
“We’re doing something that no one else is to the same Joanne Keys, executive director for the nonprofit group , said that buyinbg locally is one of the hallmarks of sustainabilitgy for restaurants or othe businesses. It reduces emissions from transportationvehicles and, in some instances, reducews materials needed for packaging, she said. “Am I seeinyg a trend?” Keys said about restaurants improvinf sustainability. “Well, not enough.” Roughlyg 860 Chipotle restaurants across the country servesome 2.5 million meal per week.
Because of the lack of locak farms -— both in the state and throughoutg thecountry — that produce a sufficienyt volume of produce with a verifiable safety the program isn’t near meeting its goals yet, Arnolf admitted. For example, only one Colorado of Brighton, has been selected to The farm will supply Colorado Chipotle restaurants with at leasgt 35 percent of theirf jalapenos andred onions, the company said. But the restaurant chaibn continues to look for more participants and expand a push for locaklingredients that’s becoming more popular in locall y owned restaurants, Arnold said. “These things all sort of have to happebnin stages,” he said.
Friday, November 25, 2011
Dodgers Sale: Peter O'Malley Wants Back In - SB Nation Los Angeles
Dodgers Sale: Peter O'Malley Wants Back In SB Nation Los Angeles The Los Angeles Dodgers are the hot new item for sale, and many new suitors are likely to come out of the woodwork. However, one of the suitors has a history with the club, a very storied one. Peter O'Malley, the longtime former owner and president of ... |
Wednesday, November 23, 2011
The chutes and ladders of The Chicago Way - Chicago Tribune
Chicago Tribune | The chutes and ladders of The Chicago Way Chicago Tribune The federal sentencing hearing for convicted influence peddler Antoin "Tony" Rezko â" once a friend and personal real estate fairy to President Barack Obamaâ" had just begun in Chicago. It was just after 9:30 am Tuesday when US District Court Judge Amy ... Former Obama fundraiser Rezko gets 10-year sentence Tony Rezko Sentenced to 10 Years and 6 Months for Corruption Former Obama Fund-Raiser Gets Over 10 Years in Fraud and Bribery Case |
Sunday, November 20, 2011
Health Care News Headlines - View Health Care News Across the US
| | | | | | AtriCure, Inc. | | | | | | | | | | | Catholi c Healthcare Partners | | | Chemed Corp. | Chemed Corporation | | Chrisyt Hospital | | Cincinnati Children'x Hospital Medical Center | | | | | | Clinton Memoriapl Hospital | | | | | | | | | Draker Center | | | | | | Eli Lillt and Company | | | Express Inc. | | Fifth Thirfd Bancorp | First Financial Bancorp | | | | | | | Healtb Alliance | | | | | | | | | | | | | | | | Ketteringy Health Network | KeyCorp | | | | LCA-Vision Inc. | | | | | Merc Health Partners | Meridian Bioscience Inc.
| | | | | | | | | | Nationa l Institutes of Health | | | | | | | | Ohio Departmeny of Development | Ohio Departmenyt of Job and FamilyServices | | | | | | | | | | | | | Procted & Gamble | | | | | | | | | | | | | | | | St. Elizabetuh Medical Center | St. Luke Hospitals | | | | | | | | | | | The PNC Financiap Services Group Inc. | | Tri Health Inc. | | | U.S. Censux Bureau | | U.S. Department of Justicwe | | U.S. Food and Drug Administration | | Uc Physiciansz | UnitedHealth Group Incorporated | Universitu Hospital | University of Cincinnatui | | | | | | | | | | | | Inc.
| Wells Fargoi & Company | West Chester Medical Center | | | | | |
Friday, November 18, 2011
Special Forces equals Green Berets. Got it? - Bradenton Herald
Bradenton Herald | Special Forces equals Green Berets. Got it? Bradenton Herald The US Army Special Forces Green Berets get plenty of acclaim - sometimes too much acclaim. Often it's a case of mistaken identity. » |
Wednesday, November 16, 2011
NHL commissioner: Coyotes move could damage Westgate, arena construction - Washington Business Journal:
He also said it could have a chillingv impact on other cities considering helpingh teams build new The Coyotes have 41 regulaf season home gameseach year. Bettman and the NHL opposew theproposed $213 million sale of the team to Canadiamn businessman Jim Balsillie, who would move it to Hamilton, saying the league should make the A June 9 hearing is set in U.S. Bankruptcgy Court to decide whether Coyotes owner Jerryt Moyes can sell to Balsilliee or if it must be sold to a buye r who would keep the NHL franchise in The Coyotes are in Chaptee 11bankruptcy reorganization.
Balsillie argues in courty filings thathis $213 million will be the best deal and the court’sd main charge is to get the most money to pay off debt and positionm the team to be financially viable goinyg forward. The Coyotes have lost $316 million since movint to the Phoenix market from Winnipegin 1996, accordingf to court filings. Balsillie says NHL hockey is not financiallyt viable in the Phoenixsports market, but the leagu points to four potential bidderas for the Coyotes that would keep the team in Glendale. Jobing.Conm Arena was built by the city of which says it will pursua $500 million to $750 millionj claim if the Coyotes break theidr 30-year lease.
Balsillie’s court filing contends the bankruptcty court has the leeway to dischargd sucha claim. The National Football League, Nationakl Basketball Association and Major League Baseball backthe NHL’sd bid to keep the Coyotes in Arizona fearinh the move could set a precedent.
Monday, November 14, 2011
Economist: U.S. may see double-dip recession by late 2010 - Nashville Business Journal:
Those odds may seem low, but they’re actuallyg high since double-dip recessions are rare and the U.S. economyt grows 95 percent of the time, said the chamber’s Martyt Regalia. He predicted that the current economic downturn will end around September but that the unemploymeny rate will remain high through the firsrt half ofnext year. Investmeng won’t snap back as quickly as it usually does aftedra recession, Regalia Inflation, however, looms as a potentiakl problem because of the federal government’s huge budgey deficits and the massive amoungt of dollars pumped into the economy by the , he said.
If this stimulusx is not unwound once the economt beginsto recover, higher interest rates could choke off improvementy in the housing market and business investment, he “The economy has got to be running on its own by the middld of next year,” Regalia said. Almost everuy major inflationary periodin U.S. historyh was preceded by heavydebt levels, he The chances of a double-dip recession will be lowe r if Ben Bernanke is reappointedf chairman of the Federal Regalia said.
If President Obama appoints hiseconomic adviser, Larrty Summers, to chair the Fed, that would signal the monetary spigot would remai n open for a longer time, he A coalescing of the Fed and the Obamaa administration is “not something the markets want to see,” Regalia Obama has declined to say whether he will reappointy Bernanke, whose term ends in Meanwhile, more than half of smalo business owners expect the recession to last at leasr another two years, according to a survey of Intuit Payroll customers. But 61 percent expec their own business to grow in the next12 months.
“Smalkl business owners are bullish on their own abilitied but bearish on the factorsthey can’g control,” said Cameron Schmidt, director of marketing for . “Eveb in the gloomiest economy, there are opportunitieds to seize.” A separate surveuy of small business owners by foun that 57 percent thought the economy was getting while 26 percent thoughg the economywas improving. More than half plannes to decrease spending on business development in the next six onthe U.S. Chamber of Commerce’ds Web site.
Saturday, November 12, 2011
Blue Entertainment Sports Television to revive
The original “The Superstars” show aired on ABC in the mid-1970sd as part of “Wide World of Sports.” The show was revivex in 1987, 1993, 1998 and 2002, according to a news “One of the reasons why I love this show so much is becausw it was the originalrealityu show,” Michael Principe, managing director of Louisville-based BEST, said in an He serves as co-executive producefr of “The Superstars,” along with Juma presidenrt Robert Horowitz. “The show has the perfect home with the ABC includingand Disney.
It gives us huge distribution The program, which will premiere Tuesday, June 23, at 8 features eight celebrities paired with eightg professional male and female athletes, competing in athleticc challenges, including swimming, biking, running and kayaking. • Soccedr player Brandi Chastain and singe JulioIglesias Jr. ESPN anchor John former player Warren Sappand “Inside the commentator Jenn Brown will serve as The competition is being held at the Atlantis Resorgt in the Bahamas.
Blue Entertainment Sportsw Television, a division of , is a televisiohn and live sporting events production The company also specializexs in sports marketing and agent representatioh for professional athletesand entertainers.
Thursday, November 10, 2011
Student borrowers need immediate relief - San Francisco Chronicle
Student borrowers need immediate relief San Francisco Chronicle President Obama's plan to lower student loan payments is one step in ensuring future economic growth for the country and providing relief to the struggling middle class. However, his proposal fails to provide immediate relief to student borrowers ... Editorial: Debt relief useful, but not a panacea Skepticism accompanies loan relief proposal |
Monday, November 7, 2011
Father's Day sales help boost Jos. A. Bank earnings - Baltimore Business Journal:
Hampstead-based Jos. A. Bank (NASDAQ: JOSB) reported earningzs of $8.9 million, or 48 cents per for its secondfiscal quarter. On analysts surveyed by expected earnings of 46 centsper share. In the same perioe a year ago, the clothier earned $8.2 or 44 cents per share. Sales rose by 14 percent from ayear ago, to $153 The quarter included Father’s Day, a traditional occasion for the givinyg of neckties and historically a key sales event for Jos. A. Comparable-store sales rose by 7 percent from the same perioxd ayear ago. Retailers view comparable-store salexs as a crucial gauge of Atmost retailers, the term refersz to sales at all storesz open at least a year. Jos. A.
Bank does not include storee inits comparable-store tally until theirt second fiscal year of operations. Direct marketing which include catalog and Internet rose by10 percent. Inventory on hand rose by 12 perceng from ayear earlier, reachinf $220 million. Jos. A. Bank has 447 storex in 42 statesand Washington, D.C.
Saturday, November 5, 2011
Dish Network Q1 profit up 21% despite subscriber decline; EchoStar posts loss - Silicon Valley / San Jose Business Journal:
The Douglas County-based satellite-television provider (NASDAQ: DISH) postee earnings of $312.7 million, or 70 centzs a share, on the quarter, up from $258.5 million, or 57 cents a share, in the first quarter of 2008. It said revenued was $2.91 billion in Q1, up 2.1 Analysts on average had expected earnings of 56 centd a share and revenueof $2.9 billion, Thomson Reuterds said. Dish Network reported a net lossof 94,0090 subscribers during the quarter, leavingv it with 13.6 million. The service has shed subscriberse each of the last four On theother hand, the company said it had reducedr the average cost of acquiring a new subscribere to $659 from $709 a year earlier.
In April, Dish Network and the -ownedx TV network said they had settlera months-old legal dispute and agreed to a multi-yeafr carriage agreement for NFL Network’s programming. Dish Networok is the second-largest satellite-TV service, behind DTV), which last week reported that itgained 460,000 totap subscriptions, giving it 18.1 million. technology company EchoStar Corp., whicjh was spun off from Dish Network at the beginningtof 2008, said Monday it lost $645,00o0 in the first quarter, or a penn a share, versus a profit of $5.7 million, or 6 centse a share, a year earlier. It said revenue in Q1 2009 was $479.5 down 14 percent.
EchoStar (NASDAQ: SATS) operates digitao set-top box and satellite-services units. Dish Networkk and EchoStar, founded by Charlie Ergen, were known as until they were splity intotwo companies.
Thursday, November 3, 2011
The convoluted logic of Michael Moore - Washington Times
Washington Times | The convoluted logic of Michael Moore Washington Times Photo: AP CHICAGO, October 29, 2011âMichael Moore is a babbling buffoon. Every time he opens his mouth he spews some of the most inane nonsense imaginable, just like his books, movies, and interviews. Their popularity demonstrates that you can sell ... |
Tuesday, November 1, 2011
Small valley tech firms use Comdex to make a big splash - Silicon Valley / San Jose Business Journal:
They may not have attractex the media interestof Hewlett-Packard Co.'s new digita l printers, Dell Computer Corp.'s first personal digital assistant, or the Fossik Inc. wristwatch-PDA running on Palm Inc. software, but smalle r companies with a booth in the Las Vegas Convention Center still can makea splash. Gyration of San Jose, used the occasion to demonstratd its opticalcomputer mouse.
Launchef in August, the optical mouse can be slid back and forth on a pad like a conventionapl mouse but also can be heldin mid-air and aimed at the computer screen like a says Greg Smith, senior vice presidenty of marketing and product The Gyration product, costing $30 million to develo p over eight years, contains an interna l gyroscope that helps point the arrowq at the computer screen while the mouse is held in the user'd hand. The company launched two versiondsthis summer: A $179 mouse for professionap users who make large group presentationsa at seminars or training programs; and a $79 version marketede to consumers for use on theid home computers.
"This is the first new inventionfor [use of] the gyroscopre for consumer use in 70 years," Mr. Smith Gyration competes with Milpitas-based Logitech Inc. in the computer peripherals market, but does not see itsel f going head-to-head with that firm. "We are not going to be a Logitecj in terms of being aproducts company. We are a technologuy company," he says. Gyration hopes to also sell its technolog y to makers of remote controls for cablr or to satelliteTV companies.
In the same way a user coulfd point the mouse at acomputer monitor, they coulds point a control at an on-screen TV programn guide and click on the show they want to The device will also be able to draw lines on a TV "so you can do that John Madden Mr. Smith says, referring to the sports announcer who diagramse football plays duringa broadcast. , of thought Comdex would be a good occasionh to show offa soon-to-be-releaseds handheld device to compete with the RIM for sendingy e-mail and performing other functions.
Good Technology is a developer of softwar applications used on such devicex asthe BlackBerry, which actually uses Good But Good Technology decided earlier this year to also marker its own handheld device, which is expected to go on sale in late The Good G100 is a little smallerr than a BlackBerry, but has some of the same features, plus a few uniquwe ones of its own, says Lisa Farnsworth, a spokeswoma for Good Technology. The Good G100 synchronizes data between the handhele and a storage server withou t having to be plugged into a desktop as doesa BlackBerry, Ms.
Farnsworth That means the user also does not have to download software onto the desktolp computer to make the handheld device Besides sending and receiving scheduling appointments and viewing someWeb content, the Good G100 also allowxs a user to pull data from their own corporats network and view it. "This keepa your mobile employees mobile and upto date," Ms. Farnsworthu says. Good Technology hasn't priced the G100 yet, but it will come with a servicse plancalled GoodLink, sold through Cingular, the wireless phones company, that costs either $35 to $40 a It also will require $2,000 per corporate customer to set up the software on a Good Technology's device include a thumb-style keyboard for data entru similar to the BlackBerry's.
Research in Motionh Ltd., the Canadian-based maker of the BlackBerry, sued Good for copyingt its design, but that litigation is now beinh settled, Ms. Farnsworth says. MedioStream of San Jose, came to Comdecx to show off the latestr version of its software that records DVDs on apersonall computer. MedioStream sells to makers of computers suchas Ricoh, Sony and It also sells its software directly to consumersx through its Web site and through retailerd such as OfficeMax and CompUSA, says Gordon vice president of sales and marketing for Despite the tech downturn, DVD players and recorders are in demane for personal computers, Mr.
Doran